QUOTE(AVFAN @ May 21 2015, 10:06 PM)
existing homes sales below expectations + plus jobless incr a bit = delayed rate hike.
add oil price nearing 60 due to iraq.
BULL.

yooo, 'my' nymex touching 60 and safe my xle. wooo ...
strange 2- sided debate about rate hike. when data are poor, delayed rate hike and many shout 'bull'!
but the pessimists argue that poor data signal poor economy and these people shout 'bear' !
i think it all depends on their calls > up or down.
similar to jcp, twtr etcetc...when analysts gave bad comments the prices fill recent low level. then, another analyst will make a buy call ... and prices shoot up! i had witnessed many of these for the last few months. i remembered twtr went up tp 55 and got hammered to 36 before the buy call to push it back to 40. this also applies to recent hammering of jcp. big guys are making the calls? is there such thing as analysts 'cartel'?