Tuesday, May 15, 2007

Tuesday Morning - CPI Day - HooRay! HooRay!

I don't know what to say about this - it hit the expected target but the "12-month rate is lowest in a year" - that's good news and good news and the FOREX market said -

Which is about a benign as you can get in the face of the CPI announcement. The NASDAQ market began pulling up instantly and the futures fair value indicator went green.

We might have a good day after all.

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