Tuesday, August 11, 2009

Details of the just-released inventory data.

AlphaNinja - The market REALLY didn't like this morning's report from the US Census Bureau. Stocks are down 1.5% with many people citing the fact that wholesale inventories were down 1.7% in June, almost DOUBLE the expected .9% decline. While I usually offer the bearish (negative) argument, I'd point out that an over-reaction in inventories (businesses being overly cautious) could lead to a powerful "snap-back" in orders in coming months.

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