Goldman Blames Weather For Weak Construction Report But Not For "Super Strong" ISM Number

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Tue, 02/01/2011 - 11:37 | 923734 Cursive
Cursive's picture

Let it snow, let it snow, let it snow....

Each inch of snow equals 100 basis points added to GDP.

Tue, 02/01/2011 - 11:40 | 923743 Ray1968
Ray1968's picture

Hell, I'll move to Chicago.

Tue, 02/01/2011 - 11:54 | 923794 Eally Ucked
Eally Ucked's picture

Probably they have lots of orders for shovels so manufacturing surges.

In the spring we will need a lot of sacks for sand to prevent flooding, another surge. For summer ...... 

Tue, 02/01/2011 - 11:59 | 923822 Temporalist
Temporalist's picture

Long riot gear...

Tue, 02/01/2011 - 11:39 | 923738 TooBearish
TooBearish's picture

US going Zimbabwe style baby dow 30,000

Tue, 02/01/2011 - 12:04 | 923837 whatz that smell
whatz that smell's picture

aapl parabolic... market value bigger by $100 billion since sept...

xom parabolic... market value up $100 billion since sept...

ibm going parabolic... market value has exploded $50 billion since sept...

wealth effect, bitchez!

praise be the bernank! may he blow bubbles a thousand years!

Tue, 02/01/2011 - 11:40 | 923740 entendance
entendance's picture

When the many behave like sheep, the poodles themselves turn into lions. If the sheep, in their sheepishness, create lions, they are responsible of the existence of lions. Violent demonstrations in the European Union against solutions to the financial crisis involving taxpayers and citizens probably brought the crack-down on banks observed there. Whereas in the USA nobody demonstrated seriously against banks (meaning no riot police had to be dispatched). The Americans view that as wisdom: conclusion: their giant banks rule the country even more than in 2008, and their grip is getting tighter (the new presidential chief of staff is a top big banker; the top 6 banks assets are now two third of US GDP higher than in 2008, and rising, and so is their exposure to derivatives).
Thus, when the forces of evil provoke the forces of goodness, the later better punch back, lest evil get even bolder, and more energetic.

Tue, 02/01/2011 - 11:46 | 923774 Cdad
Cdad's picture

Just caught a tiny sound bite from a John Stumpf, a freak at Morgan Stanley, suggesting that clarification of the government's role in mortgages must be more explicit.  Really?  Is this where the criminal syndicate known as Wall Street is at? 

Fire hose, please.  Straight down Wall Street, and down Broad, hose out every single building.

Pink slips, please.  Let's start with 100,000 bankers fired.  A good start anyway.

Tue, 02/01/2011 - 11:42 | 923753 ZeroPower
ZeroPower's picture

Lol @ all the jokers that came out of the woods last friday 'its the top! its the top!111'

Clearly they missed the thesis on BTFD.

Tue, 02/01/2011 - 11:43 | 923760 william the bastard
william the bastard's picture

Check your calander. It's the first.

Tue, 02/01/2011 - 17:25 | 925171 ZeroPower
ZeroPower's picture

Yup - great indicator to buy buy buy. As is QEx - leaving room for any unfortunate hiccups along the way.

Tue, 02/01/2011 - 11:45 | 923769 whatsinaname
whatsinaname's picture

Does the joker list include RoboT? even he ran an article debating arrival at the long awaited top !! Looks like the TPTB are not done yet..

Tue, 02/01/2011 - 17:24 | 925168 ZeroPower
ZeroPower's picture

Indeed, that post was rather near term as he is, afterall, simply playing the intraday trades. Clearly after bursting through 1300 we can conclude that was not the top.

Tue, 02/01/2011 - 12:18 | 923889 HarryWanger
HarryWanger's picture

Gotta say, this was a pretty easy dip to buy and pretty much unfolded as I posted on Friday. 

Two things: yes, the economy is clearly getting much stronger and the Fed is continuing to throw more money in. Both of those equal a market that will continue higher. 

The world isn't ending. That was averted two years ago. Time to move and buy some equities in strong companies.

Tue, 02/01/2011 - 13:02 | 924060 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Bernanke talks out of his rear and farts inflation, and so do you.

Tue, 02/01/2011 - 11:45 | 923770 EscapeKey
EscapeKey's picture

Has the torrent of lies always been this strong, or is it accelerating?

Tue, 02/01/2011 - 13:54 | 924283 Boilermaker
Boilermaker's picture

Yes and hell yes.

Tue, 02/01/2011 - 11:46 | 923772 Oh regional Indian
Oh regional Indian's picture

Luckily, ORI did mention the recent surge in Middle Eastern revolutionary zeal, with the following brilliant conclusion,"most likely due to centuries of oppression by a heartless ruling elite".

There, can I get paid big bucks to be a ME expert now?



Tue, 02/01/2011 - 11:48 | 923781 gwar5
gwar5's picture

Goldman has more spin than Linda Blair's head in the Excorcist.

Tue, 02/01/2011 - 12:35 | 923954 A_MacLaren
A_MacLaren's picture

LOL - I see your head spin and raise you a projectile vomit.

Tue, 02/01/2011 - 11:57 | 923809 Caviar Emptor
Caviar Emptor's picture

I blame Alan Stanford. That's Sir Alan to you.

Tue, 02/01/2011 - 11:57 | 923810 Temporalist
Temporalist's picture

As a child I watched "Punch and Judy" puppet shows; this is much better.

Tue, 02/01/2011 - 11:59 | 923819 hedgeless_horseman
hedgeless_horseman's picture

US Dollar Index heading a little further South at the moment.

Tue, 02/01/2011 - 12:17 | 923883 SheepDog-One
SheepDog-One's picture

Lemmings mesmerized watching the meaningless equities rise as the dollar collapses. Just another day in 'history lessons clearly not learned land'.

Tue, 02/01/2011 - 12:18 | 923890 topcallingtroll
topcallingtroll's picture

This is still all good until it turns all bad. Maybe furiners will come in and buy all those abandoned houses in florida and bail us out here. Our housing prices look great from euroland.

Tue, 02/01/2011 - 12:05 | 923830 blindfaith
blindfaith's picture

we are all preaching to each other on what we can see is true.  But we don't have the soap box, we don't have the perceived expertise to be heard or paid attention to.  We are simply 'noise' fromthe audience.  Only when the media powerhouses decide to wake up the average American can there be, will there be, any change.  And the media will only do that when their rice bowl is in jeopardy. 

The show must go on, the music must keep playing, the lies kept on spinning...the alternative is to scary for any Narcissus to embrace regardless if they are at Goldman, JPM, the Treasury, the Fed, Congress or the White House.

It is just that simple, we have not gotten their undivided attention, and we are not in the fraternity.

Tue, 02/01/2011 - 12:07 | 923849 economists_do_i...
economists_do_it_with_models's picture

Dow +95.  Nasdaq up even more %-wise.  But IYR & USO down.  Shows cracks under the surface.

Today is finally a good opportunity to go short -- especially energy stocks in my humble opinion.

Tue, 02/01/2011 - 12:14 | 923872 topcallingtroll
topcallingtroll's picture

I agree with you on the short.thingy. decided to sell my energy ositions today but i frequently short too early. May take a pass this time.unless we have a bigger mini.spike. strangely oil is not overbought right now. Just recently uso bounced off somewhere near the 200dma and may be through.forming a base but i sure as hell hope not. Rosy Scenario would not be pleased.

Tue, 02/01/2011 - 12:08 | 923856 topcallingtroll
topcallingtroll's picture

Maybe the evil squid is right this time. There were times on construction crews where the weather did stop us, but my only.manufacturing job was indoors safely protected from the elements.

Tue, 02/01/2011 - 13:51 | 924273 Josephine29
Josephine29's picture

These prices paid figures come on the back of what the Dallas Fed and the Chicago Purchasing Mangers Index told us yesterday. So there are inflationary signals as some are pointing out.


Meanwhile the US Federal Reserve’s preferred measure of inflation core CPI shows hardly any inflation at all as it tries to shout, move along here nothing to see…..

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