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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: Knighty Tin who wrote (97394)8/27/2002 4:18:55 PM
From: yard_man  Read Replies (1) | Respond to of 132070
 
the headline makes me laugh -- reported confidence numbers disappoint and drive the markets lower -- like market participants got a new piece of information relative to the proper proce of equities

biz.yahoo.com

and this idjit tells us that the market didn't understand the durable goods

>>"The market was looking for an excuse to go down. I think the durable goods number was more significant than the confidence data," said Donald Selkin, director of equity research at Joseph Stevens. Equities, he said, seem to be consolidating their recent move higher. <<