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Subject:  Re: US economy in high gear Date:  4/24/2004  8:16 AM
Author:  splotto Number:  10014 of 36786

Fwiw, the Commercials disagree. They have just gone pretty long the long bond and record long the 10 year.

That's because they read the data, not just the headlines like the sheep.

As mentioned elsewhere already, durable goods orders were only up in the metal products area because of rising prices in metals in March. Otherwise the report was weak.

Never let the facts get in the way of a good headline though.

Props to Plunger for the analysis above.


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