Home › Forums › Financial Markets/Economics › More proof the financial markets are crazy…
- This topic has 7 replies, 7 voices, and was last updated 18 years, 7 months ago by
lniles.
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May 2, 2007 at 2:13 PM #8981May 2, 2007 at 2:20 PM #51630
LookoutBelow
ParticipantIts absolute silliness……I dont understand it either, I havent for quite some time now.
May 2, 2007 at 2:35 PM #51633(former)FormerSanDiegan
ParticipantThe reports were kind of surprising to the up-side.
Actually, if you exclude the effect of transportation factory orders rose 1.9%, which is greater than 50% of 3.1%.Also, note that non-defense capital goods orders excluding aircraft jumped 4.8 percent.
Overall a surprisingly good report. Not what I would have expected either.
WASHINGTON (Reuters) — New orders at U.S. factories rose a greater-than-expected 3.1 percent in March on a rise in civilian aircraft orders, a Commerce Department report showed on Wednesday.Analysts polled by Reuters were expecting factory orders to rise 2.1 percent. February orders were revised to show a 1.4 percent gain.
Decline in business spending raises alarmsExcluding transportation orders, factory orders rose 1.9 percent after being unchanged in February. February orders excluding transportation were first reported as a 0.4 percent decline.
Orders for durable goods, items meant to least three years or longer, also rose a bigger-than-expected 3.7 percent in March. Analysts were expecting durables orders to gain 3.3 percent.
In a sign sluggishness in business investment may have been short-lived, nondefense capital goods orders excluding aircraft, considered a proxy for business spending, jumped 4.8 percent, the first gain in three months and the largest rise since September 2004.
Transportation orders jumped 9.5 percent on a 38.1 percent increase in civilian aircraft and parts. Orders for metals, machinery, electronic products and electrical equipment all rose.
May 2, 2007 at 2:52 PM #51636GoUSC
ParticipantStill they were expecting 2% and everyone is hailing this as it beat expectations which, really, it didn’t. Well it did but only because of one company.
Download the report overall and compare March 2006 to March 2007. There’s the real story.
May 3, 2007 at 10:47 AM #51714bub
Participant.
May 3, 2007 at 10:55 AM #51717Bugs
ParticipantIf investors aren’t participating in the RE markets, their money has to go somewhere. This whole RE bubble started when the stock bubble migrated out of the stock market and into the RE markets.
May 3, 2007 at 12:06 PM #51727HereWeGo
ParticipantI cannot believe there is no bear fund that focuses entirely on housing and housing related industries. That’s simply wasted opportunity.
May 3, 2007 at 12:35 PM #51733lniles
ParticipantIs there a fund that focuses on viagra, depends under garments, mortuaries, health care, crematoriums, and retirement corporations? I’d like to invest in that.
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