re: moving along nicely...directors buy big Hi LZ
I noticed some big buys yesterday before the close, could be directors buying again or: from this mornings commentary;
A modest 0.1% rise in hourly earnings also helped improve early sentiment, as it suggested that cost-push inflationary pressures from wages were not as bad as many feared. To wit, Treasuries rallied as the yield on the 10-yr note closed below the psychological 5.00% level for the first time since April 24th and 21 basis points off an almost four-year high of 5.20% reached just two weeks ago. Be that as it may, falling bond yields only seemed to excite rate-sensitive areas like Financials and Utilities, as split industry leadership dictated the action throughout the day.
The recent trend suggests 1.60 + soon, and confirmation of 2H 2006 divi. is around the corner.
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