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IBDvalueinvestin (99.67)

There is no inflation friends.

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June 17, 2009 – Comments (2)

Those betting rates are going higher anytime soon are now getting their heads handed to them. Look at how fast the 10yr treasury yields have fallen from 4%

ECONX May Core CPI Y/Y +1.8% vs +1.8% consensus; prior +1.9%


08:30  ECONX May CPI Y/Y -1.3% vs -0.9% consensus, prior -0.7%
08:30  ECONX May Core CPI M/M +0.1% vs +0.1% consensus, prior +0.3%
08:30  ECONX May CPI M/M +0.1% vs +0.3% consensus, prior 0.0%

2 Comments – Post Your Own

#1) On June 17, 2009 at 8:54 AM, IBDvalueinvestin (99.67) wrote:

Stock futures improving now from morning lows and should go green by the open. All this rate hike fears have caused the stocks to fall over -350 points in just a few days but the FED. June meeting is said to contain wording that will dampen speculators hopes of a rate hike anytime soon. Should be some short covering by those betting against stocks because a rate hike is near.

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#2) On June 17, 2009 at 11:08 AM, Entrepreneur58 (35.91) wrote:

Rate hike fears?  How about Eastern Europe falling apart fears?

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