June 1, 200520 yr So... The manufacturing data came out today for May. It's down. HOOORRAY! LET's RALLY THE STOCK MARKET! These people are the most ass-backward people ever. I know, slow down in mfg means that the fed won't have to keep raising rates. But it's just damn funny when people will lose their jobs because the mfg sector is not expanding everyone on Wall $treet thinks it's good news.
June 1, 200520 yr on a more micro scale, I found it really amusing to see that Dreamworks SKG stock value dropped sharply yesterday on the news that Madagascar only racked up $70 M in its first weekend. The lesson is that no film should open within a month of a Star Wars installment I guess.
June 1, 200520 yr Author QUOTE(FlaSoxxJim @ Jun 1, 2005 -> 04:50 PM) on a more micro scale, I found it really amusing to see that Dreamworks SKG stock value dropped sharply yesterday on the news that Madagascar only racked up $70 M in its first weekend. The lesson is that no film should open within a month of a Star Wars installment I guess. Wow. That's killer because 70million is a great haul for almost every normal movie out there.
June 1, 200520 yr QUOTE(kapkomet @ Jun 1, 2005 -> 10:12 AM) So... The manufacturing data came out today for May. It's down. HOOORRAY! LET's RALLY THE STOCK MARKET! These people are the most ass-backward people ever. I know, slow down in mfg means that the fed won't have to keep raising rates. But it's just damn funny when people will lose their jobs because the mfg sector is not expanding everyone on Wall $treet thinks it's good news. No. SS2K will back me up on this one. The market rallied smartly today becasue with manufacturing slowing somewhat that raises the possibility that the Fed will be done with its rate tightening cycle sooner rather than later and with that off their backs that gives the market a lot of room to run higher.
June 1, 200520 yr Author QUOTE(NUKE_CLEVELAND @ Jun 1, 2005 -> 07:05 PM) No. SS2K will back me up on this one. The market rallied smartly today becasue with manufacturing slowing somewhat that raises the possibility that the Fed will be done with its rate tightening cycle sooner rather than later and with that off their backs that gives the market a lot of room to run higher. Yes, sir. I said that in my post. But it's still bass ackwards.
June 1, 200520 yr Then why did it fall after better than expected consumer confidence yesterday? Edited June 1, 200520 yr by winodj
June 1, 200520 yr Author QUOTE(winodj @ Jun 1, 2005 -> 08:40 PM) Then why did it fall after better than expected consumer confidence yesterday? Because inflation pressures would be there if the consumer confidence is higher. I still say it's bass ackwards, timmad!
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