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WASHINGTON (AFP) - A blockbuster report from the factory sector shows the US economy is shifting into high gear, portending an end to the period of super-low interest rates, economists said.
...
"The economy is now firing on all cylinders. Consumers are spending, business investment is ramping up, exports are rising and inventories are being rebuilt,"


http://story.news.yahoo.com/news?tmpl=story&ncid=1504&e=6&u=/afp/20040423/bs_afp/us_economy_040423152949

Good news for everyone except the bad news bears. Continue selling long bonds and consider buying super short term funds such as SWYSX.

ayduda



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Continue selling long bonds and consider buying super short term funds such as SWYSX.

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

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

That's a market, for every seller, there's a buyer.

Time will tell.

ayduda
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