Nine separate pieces of economic data — ranging from consumer confidence to construction spending — will be released Thursday. Rarely if ever does the market get socked with so much data in one day.
Oct. 31, 2012, 3:28 p.m. EDT · CORRECTED
How to handle Thursday’s avalanche of data
Big day includes reports on jobs, consumers and manufacturers
By Jeffry Bartash, MarketWatch
WASHINGTON (MarketWatch) — Rarely will a trader confront as much economic data as is due for release on Thursday.
Nine separate pieces of economic data — ranging from consumer confidence to construction spending — will be released Thursday morning.
In all likelihood, the raft of data will present a mixed picture, reflecting an economy growth around 2% a year.
I speculated that the bad ADP figure could drive the market sharply down, but in light of all this other economic information, its importance is likely to be dilluted. I'm currently seeing futures as flat.
More: http://www.marketwatch.com/story/how-to-handle-thursdays-avalanche-of-data-2012-10-31?dist=beforebell
Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months
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