U.S. import prices increased 1.5% in January as costs for energy, food, and industrial supplies rose, according to the Labor Department. Import prices are up 4.3% over the past three months--the greatest three-month gain since June 2009. As the economy recovers, price gauges show mild inflation. William Dudley, the Fed's New York bank president, predicts there could be high inflation growth this year.
U.S. retail sales rose for the seventh straight month in January by 0.3% to $381.57 billion, signaling the strength of consumer spending, says the Commerce Department. Consumer spending accounts for about 70% of the country's demand. Economists are optimistic that continued consumer spending will help boost the economy. Sales for auto and parts rose by 0.5%, by 1.4% for gas stations, and by 1.3% for food and beverage stores.
New York manufacturing activity increased to 15.43 this month from January's reading of 11.92, according to the Federal Reserve Bank of New York's manufacturing survey. Respondents to the survey reported plans to spend more this year on new and labor-saving equipment. Business inventories in the survey more than doubled, as well. The order index, however, saw a slight dip, and shipments plummeted from last month.
(Data is positive. manufacturing and retail industries is growing, whole economics is growing. )
Nothing is afraid of. Let check 1400 this year.
Buy on any dip this week,
keep around 30-40% cash is ok, but more than 50% is too much.
Let's get on the train.
Shake the tree, shake the tree
Tuesday, February 15, 2011
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