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IBDvalueinvestin (98.35)

Futures off lows as Manufaturing Data not as bad as expected



April 15, 2009 – Comments (2)

08:30  ECONX April Empire Manufacturing -14.65 vs -35 consensus

2 Comments – Post Your Own

#1) On April 15, 2009 at 8:46 AM, dudemonkey (56.86) wrote:

I have no idea how you have the energy to follow all these things.  I would have thought that, given your screen name, you'd be more of a value-style investor and not chasing around every bit of news and every CAPS blog post.

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#2) On April 15, 2009 at 8:58 AM, IBDvalueinvestin (98.35) wrote:

The Empire Manufacturing report, meanwhile, doesn't connote strength, but it does indicate that the rate of contraction has slowed, as the report checked in at -14.65 (consensus -35.00) versus -38.23 in the prior month.  A number below zero is indicative of contraction.

The more influential Industrial Production report (consensus -0.9%) follows at 09:15 ET and will be trailed by weekly crude inventories at 10:30 ET and the Fed's Beige Book report at 2:00 pm ET.

At the moment, stock futures are pointing to a relatively flat start for the market.

--Patrick J. O'Hare,

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