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Doesn't matter. Market will go up anyway.
"Some how, some way, keep coming up with funky ass shit like every single day"
Snoop for Prez 2012
I think it would be easier to count the expectations that get met rather than the blizzard of expectation misses.
eventually they will ratchet down expectations enough that one number will beat and they will all scream that market is cheap now that the data is better! ugh
Data no longer matters. Only when and were the next bailout is arriving. The financial markets died 3 years ago. All stock markets have been nationalized by central banks.
Scotty: I can't give her any more, Captain!
Captain: Scotty, we need those channels stuffed.
Scotty: I d'nae can, Cap'n <nervously slipping brogue-ish>
WOW and the algo-bots just LOVE it!
Damned if they do, damned if they dont...actually I hope bubble equities DO close up then their case for much needed QE crack fix will be negated, for today anyway.
What is the significance of this miss?
You should admire the market for its optimism
Spend and Pretend...
Looks like there is plenty in inventory of Cotton, Pulp and Ink !
"Kirk: Scotty, I need warp speed in three minutes or we're all dead.
If inventories are reported in terms of item prices, not number of items, and price inflation is let's say 3%, doesn't that really mean that growth is 0.3% - 3% = -2.7% ?
Inventory stacking up at the wholesaler means NO thru put to retailers.
Oh yeah, things are improving!
Yahoo Finance has a headline story link that reads
"Wholesale inventories and sales both increase"
...but the link is broken.
nice graph, but when i tried to think thru it, i realized these census reports are designed for people who are just incredibly brilliant...
funny, ZH seems to have missed reporting on the Trade Balance. could that be because it showed record exports, which of course are the result of a weaker USD, which just happens to be constantly complained of here as being something bad.
or maybe someone just forgot to cover it because they were too busy writing fairy stories about The Government telling Bloomberg to stop tracking revisions to Initial Jobless Claims numbers?
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