Factory Orders Rise by a Smaller-Than-Expected 1 Percent in February
Factory Orders Rise by a Smaller-Than-Expected 1 Percent in February WASHINGTON (AP) -- New orders placed with U.S. factories for a range of manufactured goods rose by a disappointing 1 percent in February, a sign companies remain wary of bulking up spending amid the economic slowdown.
Economists were expecting a bigger, 1.9 percent increase for February. Weakness in demand for construction machinery, primary metals including steel, and electrical equipment tempered gains elsewhere including cars and other transportation equipment, computers, chemical products and clothing.
====== the market is up again? 1% vs 1.9% as expected. so the data is .9% less. almost 50% worst than expect and market is up?
we must be waiting for the report to be zero or negative then market will behave more rational.
Oh sure...you think that the market is climbing because of these economic figures? The data could come in - 1000%, with expectations of +10,000% , and paulson would run the the indexes through the roof -and would careless if it made any sense to your sorry ass - smell the coffee junior!
In the double speak of the market, worsening economy is good because interest rates will come down sooner. At some point, lowering interest rates will have no effect as the consumer is too much in hock to borrow more. We may well be there already, but the market will not believe it until interest rates are lowered and economic activity does not expand.
Man, it's good to be positive and look at the bright side of life, but the market will take lots of money away from you because of it. But the good thing about your future without money is at least you will be happy and look at the positive aspects of poverty, mainly, you'll never be able to play this rigged and crazy market again.