Econ Data: 09 week 16

This is the 7th consistent week the market continue to rise, thanks to better than expected 1q earning results from giant corporation such as Johnson & Johnson, JP Morgan, CitiGroup, Google, Intel and GE......

Lots analysts start questioning in Mar, esp now: Is this the start of a bull market or is it merely a big rally in bear market?

Bilibala will say: "Who care? If you are investing in a good company and planning to enjoy net worth growth with it in long run, as long as the price is reasonably low, invest in it.
Don't be greedy & that self-confidence that you can invest in the very bottom. Warren Buffet can't, I can't and I guess no one can't...."

Econ data
1. House market

• US Mar housing starts down to 510k from 572k in Feb (worse than expect, 540k)

2. Job market

• US 04/11 initial jobless claims down to 610k from 663k last week (better, 658k)

3. Consumer market

• US Mar retail sales down -1.1% from up +0.3% in Feb (worse, +0.3%), we lost the upward trend start from Jan. It makes confirmation of a economic recovery once again become uncertain;
• US Mar CPI down -0.1% from up +0.4% in Feb (worse, +0.1%) mainly on the fall of oil & food price. Core CPI still up +0.2% same as Feb (better, +0.1%)
• US Mar PPI down -1.2% from up +0.1% in Feb (worse, +0.1%). Core PPI down +0.0% from up +0.2% in Feb (worse, +0.1%)
• US Feb Business inventory down -1.3% from down -1.1% in Feb (better, -1.2%), again, depends on the reason of cutting inventory, is it due to sales increase or worse outlook?

4. International

• China GDP up 6.1% in 1q09, looks ok