Archive - Jul 26, 2009
Surprise! Earnings are Down
Submitted by nickbarbon on 07/26/2009 22:40 -0500Nothing new here for regular readers but I thought the two histograms at the bottom of this graphic nicely contextualize earnings surprises within the broader macro picture.
The End Of The End Of The Recession
Submitted by Tyler Durden on 07/26/2009 21:24 -0500Zero Hedge, in collaboration with David Rosenberg, Chief Economist & Strategist, Gluskin Sheff + Associates, Inc., is pleased to release the attached analysis "The End Of The End Of The Recession"
NYSE Much Better Than CDOs / Credit Default Swaps. No, Seriously.
Submitted by Marla Singer on 07/26/2009 21:15 -0500The blind leading the blind.
Wall Street Is Having Our Cake And Eating It Too: A Call To (Pragmatic) Action
Submitted by PragmaticIdealist on 07/26/2009 20:18 -0500One for Wall Street, One for us. Two for Wall Street, Zero for us... Wait, what?
The Growth Trade Vs. The Bond Calendar
Submitted by Bruce Krasting on 07/26/2009 16:59 -0500Treasury has a load of paper for sale in August. The market is not set up for the big supply. Could we have another test of the 4% 10 year?
Guest Post: 30 Year Review Ahead of Short Term Auctions, Q2 adv-GDP and Aug 7 NFP
Submitted by Tyler Durden on 07/26/2009 12:37 -0500Market forecast from John Bougearel of Structural Logic
Weekend Reading
Submitted by Tyler Durden on 07/26/2009 12:21 -0500- Must read: Fast-on-the-draw trades need spot of marshalling (FT, h/t Joe)
- Roubini Op-Ed on Bernanke: The Great Preventer (NYT)
- Lennar signals fleeting buildling rally as buyers flee (Bloomberg)
- JP Morgan to raise banker salaries (FT)
- The man spreading false rumors about Harman and Textron takeovers (that fooled fast-money's Najarian) found dead in suicide (Bloomberg)
- Chinese steel executive beaten to death, (FT)
Washington & China to Meet on Trade, Economic Recovery & the Zen of Cultural Learnings of America for Make Benefit Glorious Nation of China
Submitted by Travis on 07/26/2009 08:45 -0500Monday the Obama administration and China begin talks- namely on currency tensions, the US budget deficit and the massively huge trade gap with China.
China, in addition to the hundreds of billions of low-cost, high-labor manufactured goods they’ve come to be known for; are importing 150 Chinese economic officials, in one of the largest visits ever to the United States.
Geithner Backpedals Plans for Financial Dictatorship
Submitted by Benjamin N. Dover III on 07/26/2009 01:48 -0500The Treasury Secretary comes to his senses and realizes that when it comes to basic government oversight and industry accountability, if less is more, then none is most.








