Tuesday, February 15, 2011

Economic Data Lackluster

Economic dataA flood of economic data came in a little weak. (Probably due to global warming).

But it seems like any kind of weakness is being bought, with investors sidelined with money coming in, so the downside is limited,” said (Phillip) Streible of the recent trend that has stock declines luring buyers into the market.

Yes. No matter the news of the day, buy some shares of Netflix.

Of course the market has bounced back since I started writing this entry. The uptrend is strong with you, Skywalker.

At some point, it will end. For now, enjoy. The hallmark sign of bull markets is that all news is bought up. Any slight dip in the markets is a reason to load up.

Read the link for the economic news. Basically, weaker retail and sales data, higher import prices, a rise in business inventories, blah blah blah.


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