The market is trading lower today after the strong core PPI annoucement this morning. It has recovered some of the losses from this morning's lows. Core PPI, which takes our of food and energy, rose 0.6%, the most since January 2005 and much higher than estimates of a 0.2% gain. On a year-over-year basis, PPI prices climbed 0.9% and core prices jumped 1.2%. Inflation fear is back?! I think the fear of inflation is better than dratically slow down in US economy. I think the market is heading higher. Why most people might asked? I believe the following factors may contribute more run-ups: economy is not bad at all, holiday season is coming, oil and gold prices are dropping, more bears than bulls.
Take your opportunities to pick up more quality stocks, keep your watch list handy. Watch for potential new comers on my blog.
Today's Stock Movers at 1:30 pm EST
Volume Momemtum Compared to normal days:
(Stock), (price), (+/-), (volume compared to normal)
Stocks Up:
(BOT) 151.44 +16.93 +1,590
(RBN) 35.62 +3.88 +1,273
(MAN) 67.94 +3.22 +882
(CME) 514.06 +10.81 +428
(ICE) 80.67 +3.37 +396
Stocks Down:
(TRI) 38.56 -3.43 +1,452
(PPDI) 35.50 -1.30 +1,059
(VCBI) 19.21 -2.57 +972
(UFPI) 48.00 -3.50 +918
(AOS) 38.73 -5.15 +728
Tags: stocks midday
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