May Philly Fed Business Outlook: Business activity -5.8 vs. 10.0 expected and 8.5 in April. New...


May Philly Fed Business Outlook: Business activity -5.8 vs. 10.0 expected and 8.5 in April. New orders -1.2 vs. 2.7 prior.
Comments (10)
  • eabyrd
    , contributor
    Comments (309) | Send Message
     
    And the markets pop on this news... God help us.
    17 May 2012, 10:14 AM Reply Like
  • jwbrewer
    , contributor
    Comments (317) | Send Message
     
    QE 3,4,5...as far as the eye can see.
    17 May 2012, 10:15 AM Reply Like
  • bl5150
    , contributor
    Comments (5) | Send Message
     
    Yep - you can feel the "so bad it's soooo good" trade picking up steam
    17 May 2012, 10:23 AM Reply Like
  • eabyrd
    , contributor
    Comments (309) | Send Message
     
    Spot on jw... Big Ben is ready to go!
    17 May 2012, 10:20 AM Reply Like
  • eabyrd
    , contributor
    Comments (309) | Send Message
     
    Treasuries gapped down right upon that release. Now sitting at the lows. 10-yr below 1.75% and 30's below 2.87%. Nothing to see here folks. Move along.
    17 May 2012, 10:36 AM Reply Like
  • youngman442002
    , contributor
    Comments (5123) | Send Message
     
    Where is BBRO....."no recession here" lol....look at the employment part of this report....huge drop
    17 May 2012, 10:46 AM Reply Like
  • Moon Kil Woong
    , contributor
    Comments (13374) | Send Message
     
    I think Fed easing after the election is probably imminent. If gas prices remain contained even before may occur. Before the election people in the know may already run up assets that will be affected.

     

    You still want to own precious metals and fairly secure high yielding corporate bonds.
    17 May 2012, 11:21 AM Reply Like
  • eabyrd
    , contributor
    Comments (309) | Send Message
     
    Gas prices are hardly contained, but I agree, it's looking more and more imminent that another QE is in the works.

     

    Also, when you say "fairly secure high yielding corporate bonds," are you referring to investment grade or "true" high yield bonds? The latter is far from secure and 7.3% is certainly not high yield compared with the risks. That truth about those high yields is coming out - check out HYG or JNK today.
    17 May 2012, 11:26 AM Reply Like
  • winningtrader
    , contributor
    Comments (2459) | Send Message
     
    I actually think June or July This is Goldman's call and I think that makes sense. It is not obvious but I think chances are it will happen then. The FED has to help Obama as well - they always do that.
    17 May 2012, 01:54 PM Reply Like
  • eabyrd
    , contributor
    Comments (309) | Send Message
     
    Yup... and the market will rally in to the elections and Obama will proclaim success.
    17 May 2012, 02:22 PM Reply Like
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