Bloomberg Tries To Make Sense Of The Market In Hundreds Of Pretty Charts, Fails

From Bloomberg's Michael Rosenberg: "U.S. bond yields are presently priced for an anemic economic recovery,
consistent with U.S. nominal GDP growth averaging around 3% for the
next two years, which is nowhere near the 5% projected by
private-sector economists and the FOMC. Something has to give here.
Either forecasters will need to revise their forecasts lower, or U.S.
bond yields are at risk of moving sharply higher. All of this suggests that greater caution on the part of investors is
warranted. Indeed, in a world where market expectations are not firmly
anchored and where the economic outlook is “unusually uncertain”, a
defensive posture appears to be the prudent course from here on." In other bizarro words, buy stocks. Below is July's Financial Conditions Watch in which yet another person tries to make sense of what is now a completely irrational and busted market. (and yes, the pageview flipping presentations that some of our competitors will make out of this document will be simply mindboggling)

Comments

[Jason T]

If you don't understand something enought to be able to explain it so that anyone can understand it, you don't understand it.

[Max Hunter]

That's pretty close to an Einstein quote..

"If you can't explain in simply, you don't understand it well enough" 

One of my personal favorites.. 

[schoolsout]

Bah...

If you can't dazzle them with brilliance, baffle them with bullshit

[zep42]

I prefer "If you can't dazzle them with brilliance, riddle them with bullets."

[4shzl]

Let me summarize it for you: the two-year note (which I believe is the most actively traded security on the planet) now yields fifty-two (count 'em : 52) basis points.  What more do you need to know?

[suteibu]

Maybe this is why the market is ramping up now.

[vote_libertaria...]

It's a simple formula:

Further confirmation of depression + bots = Bizarro World buy buy buy

[PicassoInActions]

I dunno about bloombers, but it will take another 30 min for market to turn positive.

Way to go PPT. I bet big Bed and little dick G making flooding the market with binary codes strait from gayPhone.

[Beancounter]

I've shorted the 30 yr repeatedly and lost repeatedly. maybe just one more time, on their say so. 

[A Man without Q...]

Short the Dollar, not the long bond....

[Clayton Bigsby]

been makin good money on that trade - am long gold now too - Q.E. 2 here we go!

[old_turk]

We're all risk takers, now.

When Bennie said he wanted migration to 'risk' assets, I'll bet he didn't know that he was referring to US Treasuries.  Or maybe he did?

[batting500]

This Headline is hillarious, seems very Onion like.

[Caviar Emptor]

Houston, we have a discrepancy between the real economy and the script. How should we proceed? 

[Misean]

You guys up there got the warp drives installed on the shuttle yet?  If so, use them.

[nonclaim]

It must be petrol based as the price skyrockets...

[mynhair]

Anyone notice the mini-flash crash in TZA this morning?

[PlausibleDenial]

And, the latest from Timmah, courtesy of the NYT.  Oh, Timmothy, didn't you eat somebody????? Stop having dessert on us.

http://www.nytimes.com/2010/08/03/opinion/03geithner.html?pagewanted=1&%2359&_r=4&%2359;hp

[TraderTimm]

Hey guys, still trying to short it and getting nailed - but I took some time to put together a short teaser video about HFT. If it was going to be made into a summer blockbuster, that is.

Video here - http://www.youtube.com/user/TraderTimm

Poster here - http://www.flickr.com/photos/tradertim/

We now return you to your market of choice...

[Dehrow]

God Damn! look at all dem perty pictures. Kinda makes me feel like riverdancing.

[Caviar Emptor]

Gold finding itself all pretty this morning. New support being found in this Brave New Economy.

[RobotTrader]

Bonds seem to be going vertical.

Setting up ultra-low interest rates once again to incite another "Animal Spirits" rally?

[Misean]

Reminds me of this:

<http://ftp.sunet.se/pub/pictures/fantasy/Tolkien/ford.jpg>

[Things that go bump]

Spoiler alert - I saw that movie; the water is full of crocodiles. 

[g3h]

Where can you download this PDF?  Can't find it in Scribd.  Thanks.

[senthil456]

There are certainly a lot of details like that to take into consideration.I read and understand the entire article and I really enjoyed it to be honest.
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