This page has been archived and commenting is disabled.
Frontrunning: August 18
- PPI down 0.9%, Core down 0.1%, more than forecast - Byron Wien: "most certainly last month of deflation" (Bloomberg)
- July housing starts of 581,000 down 1.0% versus June 587,000 (Bloomberg)
- CIT second-quarter loss narrows, posts reserves for bad loans (Bloomberg)
- UK inflation is presumably high as booze, video game and DVD prices rise, a sure sign "recession eases" (Bloomberg)
- Democrats urge Obama to keep government-run health-care option (Bloomberg)
- flag@whitehouse.gov canceled (Politico)
- Crudele: Now's a pretty scary time to be investing in the markets (Post)
- It's not just greed that drives top bankers (Telegraph)
- Forsyth: Still exiled on Main Street (Barron's)
- Guaranty bid deadline is today (Reuters)
- Growth in "Potential GDP" shows limited potential (Hussman Funds)
- A balancing act (Fund Strategy)
- Weak consumer spending will last for years (Credit Writedowns)
- The Swedish model (WaPo)
- Lynn: Deflation theory is a lemon we have all ben sold (Bloomberg)
- Unemployment spikes drive foreclosure (WaPo)
»
- 3986 reads
- Printer-friendly version
- Send to friend
- advertisements -
Reading Bloomberg these days leaves me with the impression that they are clueless most of the time. Everything is 'unexpected' according to them, especially if it's a decline.
i feel disgusted when i read bloom. they really are morons
CB: The platform is set...he who pays, picks the content...;-)
hey Sqworl; whats the deal with the Taleeb letter; he really lowered himself if he thinks Cameron is the solution in the UK; there are no solutions among mainstream politicians.
cheeky....your "maker".... http://latimesblogs.latimes.com/washington/2009/08/obama-joker-artist.html
Yep. two sides of the same iridium coin. Taleeb stil has to figure that one out, unless his denial stretches that far as well..
good point
Tax surpluses is stealing from tax payers. Time to get that money back and force them to lower taxes.
good articles; good articles 4 slow news day ..http://www..
hat tip: finance news & finance opinions
Cheeky,
Brown is no prized possession my friend. But I am not sure about Cameron either. But I wouldn't mind change in the UK Government.
- Raymond.
hey man, you know i agree with you; bit its high time for UK to see some lib-dems in charge. I know its none of my business, but I'm only saying; it would be nice to see a third party running things. oh check out this vid ... Brown's reaction after Cameron confronted him with elections issue ... http://www.youtube.com/watch?v=7ba7glghZ4w
I don't see Lib Dems coming into power unless Conservatives seriously screw up their chance in the next two (they will be re-elected most likely) terms.
CB: just sharing my inbox. I see that it resulted in a nice debate...;-)))
Unfortunately, I think with Bloomberg, Marketwatch, etc., everything is "unexpected" and they are absolutely "clueless".
Fortunately we can go to those sites for amusement and come back to ZH for actual news and facts.
Thanks Tyler!
Most moves in the markets and economy (at least in the short run) are unexpected, as are most news events.
Those who predict any given major event/crisis are generally lucky, in that they happened to be looking in the right place at the right time (eg. John Paulson), and there are so many places to look that it is unlikely any given person will be looking at that evidence at any given time. In hindsight it is obvious where that "right" place to look was and it will seem "obvious" to everyone.
Not admitting that an event was unexpected would be extremely arrogant unless you are a person that specifically predicted it.
So that's what you would say of Mr. Durden and others like Themis who have been unravelling the HFT debacle for longer than most of the news wires and advisory services.
It's simple, people who focus and don't get caught in the misdirection will see the moves happen. Sometimes we just don't see them because of our particular bias, such as the positive point move in the Indices since March.
Expecting the unexpected is the job of a good trader. Welcome to ZH my friend.
Edit: look at my discussion with Andy Dufresne under the post "VIX is Screaming" and you shall see what I mean. http://www.zerohedge.com/article/vix-screaming#comment-39093
Art Cashin just said we could soon see "historic trading". A veteran trader makes a provocative statement like that and Joe Kernan didn't think to ask Art what he sees to make him think that. He's only been pretending to be a journalist for 20 years. What a joke.
It is pretty sad state of affairs when a belligerent redneck like walstreetpro has a better grasp of economics than the people compiling and presenting the news.
gawd I love his stuff
Why did he mean by "historic trading"?
I doubt he's talking about a melt-up...
Here's the vid. Art did mention the BDI at the end, no thanks to Kernan.
http://www.cnbc.com/id/15840232?video=1218115845&play=1
Art Cashin back in the day on the floor in the blue room was know only for taking sports bets! Talk about cash for clunkers!!! lol
Agreed... "market is ahead of itself" " "historic trading over the next 8 weeks" "potentially a very exciting period" "you can't live by inhaling alone, you have to exhale once and awhile"... and what is this about "worried about going into Ramadan"... what impact does that have on the market?
Does anybody here receive Art Cashin's daily letter? If so, how?
What is this "esoteric" stuff he is referring to.
We are repeating (in my opinion, which I have not brought down from Mt. Sinai on stone tablets) the pattern of early July, under the gracious sponsorship of POMO.
good articles; good articles 4 slow news day ..http://www..
hat tip: finance news & finance opinions
"booze, video game and DVD prices rise"
The stay-at-home-on-the-couch sectors are the only ones with pricing power. A sure sign that the recession is in full swing!
Wow. Only six months for Obama to start floundering.
Partisan muckity muck from here on out.
Perpetual campaigning has rendered Congress impotent.
Who do I see about my redress of grievances?
The person looking at you from the mirror.
Is this less worse?
From ZH staff to Anonymous commenter:
"Your comment has been queued for moderation by site administrators and will be published after approval."
Ah, very nice. Now all views, opinions, and content will be channeled through the Minister of Information.
"Another Step Closer to a More Perfect Union"
good luck with that
create a profile and you can also post nasty shit like all reg users do.
Well, I don't know about historic, but if this green rolls over, Tyler's post on the useless of 10:30 - 3:30 might be an ironic event.
Today is a/may be a dead cat bounce....I got close enough to my predictions to feel satisified. Although, I really rather not experience March again.
Nobody ever thought that this administration could be this clueless. This in an of itself is a deep worry. Wonder what dearest leader was thinking as he looked at the grand canyon.
This experiment will end badly I am afraid.
"July housing starts of 581,000 down 1.0% versus July..."
- shouldn't that be 'versus June'? That 'deflation' article in Bloomberg was actually better than the headline lead me to believe..
Keep an eye on this:
keep an eye on this AXL.
Thanks Robot: but still down on the fee from my 1 share purchase...;-(
Cash for trash rules the equity markets.
Great bloomberg piece:
http://www.bloomberg.com/apps/news?pid=20603037&sid=a8bE_SJ1WAiI
Accidently tried posting this as anon:
Here's a great bloomberg piece on the 'cash for trash' trend in equity markets
http://www.bloomberg.com/apps/news?pid=20603037&sid=a8bE_SJ1WAiI
There's no article now just a headline that reads: Taking Wall Street Advice in Rally Means Owing $6,000
The link works for me, however here is the full text in pastebin
http://pastebin.com/m64a8f41d
I can't believe you missed this one:
Size Doesn't Matter
http://www.nydailynews.com/money/2009/08/18/2009-08-18_dishin_dirty_on_bernie.html
Although it's my hunch that larger price stocks would be more subject to max-pain effect, but I have to test that.
Tax surpluses is stealing from tax payers. Time to get that money back and force them to lower taxes.
good articles; good articles 4 slow news day ..http://www..
hat tip: finance news & finance opinions