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Apr. Philly Fed Business Outlook: 18.5 vs. 33 expected and 43.4 prior. New orders 18.8 vs. 40.3...

Apr. Philly Fed Business Outlook: 18.5 vs. 33 expected and 43.4 prior. New orders 18.8 vs. 40.3 prior. Shipments 29.1 vs. 34.9 prior. Unfilled orders 12.9 vs. 14.9 prior.
Comments (14)
  • stocksniper31
    , contributor
    Comments (46) | Send Message
     
    Nothing to worry about the FED will continue to dump billions into the market...data doesn't matter buy everything the FED has your back...the economy is roaring and nothing has "changed"
    21 Apr 2011, 10:10 AM Reply Like
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    in old times this would drop the market 300 pts.....not now..its all Ipads...and other toys
    21 Apr 2011, 10:29 AM Reply Like
  • Papaswamp
    , contributor
    Comments (2178) | Send Message
     
    This dragging along the bottom blows. The US needs to take a massive initiative to reinvent itself. This partial recovery only to sag back down...and the continued decline of main street will not end well.
    21 Apr 2011, 10:33 AM Reply Like
  • Harry Tuttle
    , contributor
    Comments (2221) | Send Message
     
    Unfortunately, those in a position to lead a "reinvention" process are quite happy with the status quo.
    21 Apr 2011, 10:53 AM Reply Like
  • linenoise
    , contributor
    Comments (215) | Send Message
     
    Isn't this is the only bad dot on a sheet full of better than expected numbers?

     

    I mean. Housing prices are up, unemployment is down, earnings are good. I get that the country has problems, but how important is Philly business report in the big picture?
    21 Apr 2011, 10:41 AM Reply Like
  • Conventional Wisdumb
    , contributor
    Comments (1802) | Send Message
     
    linenoise,

     

    "Housing prices are up" ???

     

    I think you mean the number of units sold. Prices have declined noticeably in the last 5 months - just look at the FHA report today in the Market Currents. Prices are in a downward trend no matter how they are measured or what index you use.
    21 Apr 2011, 10:46 AM Reply Like
  • Harry Tuttle
    , contributor
    Comments (2221) | Send Message
     
    Housing prices are down and unemployment is marginally down from record levels. Not to mention that MANY are borrowing heavily to go to school, which may or may not pay off given the size of the debts they are taking.
    In that context "stocks are up" is of little importance to the majority of the population.
    Conclusions are free.
    21 Apr 2011, 10:52 AM Reply Like
  • linenoise
    , contributor
    Comments (215) | Send Message
     
    FHFA Housing Price Index Y/Y is +5.7%, so that's what I was referring to. Not sure what timeline you're looking at to conclude downtrend, but yoy was what I was looking at. I guess it just seemed that no matter what the news was people were going to latch onto the Philly number and say the sky was falling.
    21 Apr 2011, 11:10 AM Reply Like
  • Stoploss
    , contributor
    Comments (1727) | Send Message
     
    OK BBro. Change ur riting stile.
    21 Apr 2011, 11:16 AM Reply Like
  • Conventional Wisdumb
    , contributor
    Comments (1802) | Send Message
     
    linenoise,

     

    I believe you misread the negative for a positive - FHFA prices fell 5.7% year over year:

     

    seekingalpha.com/curre...
    10:07 AM Feb. FHFA Housing Price Index: -1.6% month-on-month vs. -0.2% expected, -1% (revised from -0.3%) in Jan. Year-on-year, prices -5.7%. 1 Comment [U.S. Economy]

     

    www.fhfa.gov/webfiles/...
    21 Apr 2011, 11:16 AM Reply Like
  • linenoise
    , contributor
    Comments (215) | Send Message
     
    AAAAAGGGGHHHHHH!!!!!!!!

     

    Yes. I did. My shock at that number should've been a clue. I've been listening to the NAR spokesperson too much apparently.
    21 Apr 2011, 11:19 AM Reply Like
  • Poor Texan
    , contributor
    Comments (3529) | Send Message
     
    Oh Harry, don't worry about the big debts on students. When we get through with the Obama/Bernacke hyper inflation, they'll be able to pay off a $100K loan with a week's salary, even after having their $10M Big Mac.
    21 Apr 2011, 12:32 PM Reply Like
  • Harry Tuttle
    , contributor
    Comments (2221) | Send Message
     
    Sure, but many won't have jobs or will not even have $100K to spare. Hyper inflation is much worse than it sounds.
    21 Apr 2011, 01:11 PM Reply Like
  • Poor Texan
    , contributor
    Comments (3529) | Send Message
     
    Sorry, Harry. Just being caustic. Didn't mean to imply that hyper inflation was desirable; just that it looks like it's a possibility.
    21 Apr 2011, 01:52 PM Reply Like
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