Daytrading Canadian stocks in Realtime Message Board

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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime

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To: the Chief who started this subject	6/26/2001 10:09:56 AM
From: Vitalsigns	Read Replies (1) of 62348

First signs of recovery?? Last week we had a better than anticipated Leading indicator number. Today Consumer Confidence came in at 117.9 vs estimates 114.5 and prior number of 116.1 New Home sales came in at 928 k vs Concensus 900K and prior number 921 K And Durable Goods came in at +2.9% Vs Concensus (-0.4%) and prior -(5.5%) Seems to me that the January rate cuts are starting to show up in the economy. We are still a long ways away from recovery , but it looks like the light is showing up at the end of the tunnel . Tommorows rate cut could be a no rate cut and the markets may actually like it . A .50 basis cut would be way too aggressive and a .25 cut would be the maximum needed at this point. Vitalsigns

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