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Consumer Confidence Misses Consensus, Prints At 67.9 On Expectations Of 68.9, As Current Conditions Plunge Offset By Hopium Consumption
Hopium consumption continues: expectations surge as current conditions plunge. If only any fundamentals mattered any more. UMich comes at 67.9 on expectations of 68.9, and a previous print of 68.2
Drilldown:
- Expectations: 64.6 vs. Exp. 61.5 (Prev. 60.9)
- Current Conditions: 73.0 vs. Exp. 79.8 (Prev. 79.6)
- 5-year Inflation: 2.7% vs. Prev. 2.7%
- 1-year Inflation: 2.6% vs. Prev. 2.2%
- 12-month economic outlook index preliminary Oct 70 vs. Sept 61
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Fundamentals? I will give you fundamentals. In yesterday's Wall Street Journal, the Fed was expounding the joys and virtues of goosing the the markets.
Goosing is your fundamentals.
If this down trend continues, the Fed might need to resort to IV injections of hopium as opposed to the normal delivery methods of psyops and propaganda. I'll take mine in the bank account, thank you very much.
Or better yet, something that can be easily converted into precious metals. Actual Gold and Silver coin or bar is simply too much to ask for at the moment, but I have high hopes this will change.
Call me Ben, we haven't talked in ages.
Thanks, I'll take mine one bar at a time.
What some consider one of Top Five Rare Earths would work too, Hafnium. Good One
Thank you for opening up my universe.
Hafnium is used in filaments and electrodes. Some semiconductor fabrication processes use its oxide for integrated circuits at 45 nm and smaller feature lengths. Its large neutron capture cross-section makes hafnium a good material for neutron absorption in control rods in nuclear power plants. Some superalloys used for special applications contain hafnium in combination with niobium, titanium, or tungsten.
http://en.wikipedia.org/wiki/Hafnium
Bank of America's warrants hit 52 week low with stock. BAC/WS/A
SPX down almost a full point!
As usual, "resource" and "hard asset" plays are the first dumped overboard upon the possibility of a renewed financial crisis.
Absolutely...would you rather have a quality gold miner making money hand over fist or a tech company making iCrap that will save the world with your ability to tweet on Twitter?
As usual, broad generalizations to support your agenda look silly.
Maybe to the suprise of the Fed the PDs will buy dollars with the POMO money instead of AAPL.
PDs - Fed. What's the difference?
Chart: ES
So sorry Ben Shalom.
http://99ercharts.blogspot.com/2010/10/es_8786.html
As they say on the "Price is Right" game show when deciding on the first price shown that is too much. That is too damn high. That reading must be rigged is all I can say.....
yeah, for real man... Monte I dont want to pick a door just get me the hell outta here !!!
Big deal Tyler. Got a POMO today. Market likes POMO.
All us non-banksters aint got no money, we done sold off our over priced stocks only to see the Fed bid them higher for the banksters. Hell we cant afford nuttin anymore. This sucks... A strong dollar would help put a few pork chops on the table. Good thing I quit paing the house note or I'd be hungry and pennyless. good god what has become of our country.
No shit expectations are up - stocks have been rocketing higher. That has a huge effect on how the consumer feels.
"its beginning to look alot... like... christmas"
GOLD updated chart showing parabolic move.
http://stockmarket618.wordpress.com
Really this is a great post from an expert and thank you very much for sharing this valuable information with us.
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