Your post Fed meeting sentiment tomorrow
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Everything is great in this economy. Throw econ out the window and pull out the new voodoo econ. I will never understand this new economy
Company Investment
Business spending in the fourth quarter was also weak. Corporate purchases of equipment and software declined at a 3.2 percent annual rate last quarter, the most since the final three months of 2002. Shipments in January of non-defense capital goods excluding aircraft, a proxy for future investment, slumped 2.7 percent, the most since September 2001.
``The investment side is the most puzzling and the biggest challenge to my optimism,'' James Glassman, senior economist at J.P. Morgan Securities Inc. in New York, said before the announcement. ``The risks have been shifting to the downside.''
http://www.bloomberg.com/apps/news?pid=20601087&sid=arG3WJf00puY&refer=home
Business spending in the fourth quarter was also weak. Corporate purchases of equipment and software declined at a 3.2 percent annual rate last quarter, the most since the final three months of 2002. Shipments in January of non-defense capital goods excluding aircraft, a proxy for future investment, slumped 2.7 percent, the most since September 2001.
``The investment side is the most puzzling and the biggest challenge to my optimism,'' James Glassman, senior economist at J.P. Morgan Securities Inc. in New York, said before the announcement. ``The risks have been shifting to the downside.''
http://www.bloomberg.com/apps/news?pid=20601087&sid=arG3WJf00puY&refer=home
Nothing is WRONG with the Market.
Only those people that continue to question the last 60 SPX handles straight up. Tons of money-making opportunities. All you have to do is TRADE it, without looking for reasons to be biased in any one direction.
"Observe what is happening and assume it will continue."
--- Victor Sperandeo
lmao.
