Well once again the PPI event provided a lot of volatility
If CPI on Tuesday is good too, I think we will rally until the end of the end of the month
Today's move is a good signal - but what it does is simply to bring up to starting point again
Nasdaq Composite managed to stay above february top of 2.531, and is now above trend line connecting tops from 2004 at 2.550
Really we have no answers yet! Monday Tuesday will give us important answers
Good CPI on Tuesday and 2.650 should become reality
Turning points
Started by
relax
, May 11 2007 02:30 PM
2 replies to this topic
#1
Posted 11 May 2007 - 02:30 PM
#2
Posted 11 May 2007 - 07:00 PM
I would tend to think that CPI will come in slight above estimates...but remember most economists are looking for a rise in CPI...
I am in the camp that we'll see a consumer meltdown rather than an inflation scare.
#3
Posted 12 May 2007 - 07:45 AM
I am completely with you on that one
Seems like the growth aspect is being ignored right now
Core CPI below +0.3 per cent will fuel a new rally, below 0.2 will really fuel a rally
When revised GDP figure comes in at +1.0, the rally should come to a halt
Figures for april have really not been good yet, what is GDP for Q2 going to be, sub 1 per cent?
scary
but for the charts nothing is really scary so far, qucik recovery after thursday's losses
Seems like the growth aspect is being ignored right now
Core CPI below +0.3 per cent will fuel a new rally, below 0.2 will really fuel a rally
When revised GDP figure comes in at +1.0, the rally should come to a halt
Figures for april have really not been good yet, what is GDP for Q2 going to be, sub 1 per cent?
scary
but for the charts nothing is really scary so far, qucik recovery after thursday's losses
I would tend to think that CPI will come in slight above estimates...but remember most economists are looking for a rise in CPI...
I am in the camp that we'll see a consumer meltdown rather than an inflation scare.