They just keep buying the dip.....and I'll just keep buying the rallies.....HDGE!
Current position - HDGE
Huge Week of Economic Reports Having No Effect So Far.
May 3rd, 2012 Tuesday, May 1, 9:25 a.m.
Yet some of the reports have been dramatic. Among them, the Chicago PMI Index plunged from 63.3 in March to 56.2 in April. The Dallas Fed Mfg Index plunged from 10.8 in March all the way into negative territory at -3.4 in April. Construction Spending was up only 0.1% in March versus the consensus forecast of an increase of 0.5%, AND the previously reported decline of 1.1% in February was revised to a decline of 1.5%.
On the positive side the national ISM Mfg Index rose to 54.8% in April from 53.4 in March.