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Mark 'em up.....
Another day of "inflation/deflation" gyrations, wacky currency moves, "Gold Cartel" attacks, etc. But as usual, consumer stocks were unfazed through it all as another bunch leaped up to new 52-week highs again, as funds are desperately accumulating these to show outsized weightings for the upcoming statement print.
As the "Jobless Recovery" marches on, more 52-week highs on Starwood Hotels, Marriott, Macy's, etc.
Imagine being a fund manager fully invested in these names. Life is serene. Absolutely No worries about:
- Lowest consumer confidence in a decade
- World record low housing starts
- PIIG calamities and convulsions
- Inflation vs. deflation
- Fed Head words or statements about stimulus withdrawal
- Ratcheting up of interest rates
Just sit back and enjoy the meltup:
Meanwhile, others are not so lucky.
At the slightest hint of a financial accident, bank blowup, sovereign debt default, interest rates careening out of control, horrid economic news.....
The Wildebeast Herd immediately stampedes out of oil service, natural gas, gold mining stocks with a "sell first, ask questions later" urgency.
Why is that? Because unlike the retail and consumer discretionary
stock investor, these "inflation" players are hitting the "refresh" key 10
times a minute checking Kitco, jsmineset.com, EUR/USD charts, and panic
at the first sight of trouble.
But even today with a quiet tape, there was no shortage of day-trading gambling junkies rummaging around in the garbage cans.
Check out the action in the Irish banks today:
LOL.....
What would happen if these stocks were suddenly put on Goldman's "Conviction Buy" list?
Oh well, no worries about that, after being burnt twice recommending the Euro for a long trade.
But it wouldn't surprise me to see some enterprising speculators trying to bottom fish on some of these UK call girls....
One notable breakout today was MMM:
I'm still watching to see if the FXI breakaway can follow through or not, and drive the NY Composite up to new highs....So far, so good.
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i'd take the warlock, cheers
Robo, i have two words for your future ladies.
La Pearla
www.laperla.com
Warlock nothing, I will take them all, after all, in Warcraft you can have a party of up to five...
But what about those 40 man raids?
Robo,
No worries, China's national pension fund is going to recycle dollars back into the US stock market, to the tune of $300 billion over the next five years.
Not much to report on solars except that I bought more LDK Solar today on the post-earnings dump, and JASO and Canadian Solar keep grinding higher:
Also worth mentioning that MEMC Electronics (WFR) was up on strong volume today:
thanks for that. WFR seems like another 'situation' worth watching.
http://www.broadway.com/shows/hair/buzz/hair-actors-join-mayor-bloomberg...
hurl
Sure China will, just like they said they weren't going to buy anymore gold. They're just talking their book trying to ramp up stock prices so they can dump their holdings and talk down gold so they can buy more. This thing with Google is just the start of a nasty trade war.
leo i have been trying via your instructions how to insert a jpeg?
copy the link of your pic command C go to your toolbar, directly above where you write your comment, go right next to the hook square shape, click and paste command V click on insert. where is insert what's a hook?
When you have your image link, click on the TV looking icon, immediately to the left of X2 and to the right of the anchor. Paste your link inside Image URL and then click on insert. It's easy.
now i know why i can't i wanted to paste my “own” jpeg picture. it doesn't have a link just sitting on my desktop that i made in photoshop.
can i disable rich text and write in code? probably not it is all predicated on existing in url form. wonder if your toolbox is different than mac os. looks like it. oh well no photo fun for babe.
Velobabe, you need to be a contributor to be allowed posting media (pics, movies, etc.). As a reader, you can post live links (anons could post the text of the link, but they would not be live). To contribute, send an article for publication to Tyler or Marla.
believe me, i have absolutely nothing to contribute to ZH.
Ms. Tavakoli articles are always welcome contributions!
Leo,
My guess is that you have a "TV looking icon" because you are a contributor. So how does one register to be a contributor?
Those aren't solar stocks Leo, those are stellar.
the best part about consumer melt up is following data from intent to purchase section of the consumer confidence report:
Intent to buy a new car drops from ~ 5% to 3.8% of respondents. This is not only the lowest reading in the data strip back to August 2009, it is also below the March 2009 reading of 4%. Repeat: Fewer respondents intend to buy a new car right than intended to when the entire financial system was collapsing (although, then again, that part hasnt changed). In fact, at 3.8% the % respondents intending to buy a new ties the all time low in the data series back to 1967. The all time low was set in November 2008, when the US SAAR domestically was like 8m.
Oh also intent to buy a TV dropped from 9% to 8%, also below March 2009 levels.
Oh and intent to buy a home at 2.8% is basically dead on where it was in March 2009 at 2.4% - so after a year of price fixing, rigging the mortgage market, etc, basically a total of no one has been convinced to buy a home.
Other than cars, homes, tvs and most appliances, apparently consumers with the 3% savings that they have left are buying anything the mall will sell them
I got a coupon from a national chain for $10 off anything over $10. Bought a shirt from the sale rack for 19 cents yesterday! LOL
LOL Ain't that the truth! Picked up a lambskin leather suit jacket (retail $325) at Kohl's last Saturday for $32 and some change. Several pair of dress slacks for less than $6.
In fact...ended up with (Croft & Barrow) 4 dress shirts, 4 slacks, the jacket, 9 pairs of dress socks, couple pairs of kids shoes, slip'n'slide for the kids, and a bunch of other stuff for the wife for less than $150.
At times deflation can be pleasant......of course I still have a job!
One of my local pizza joints sent me a flyer for two for one pizzas. This is a relatively upscale place (for a pizza joint) - no Pizza Hut or anything like that.
Next day I got another one in the mail.
Next day I got another one.
No wonder the place was packed on Saturday.
Wow, if enough folks go and buy some of those 90%-off deals, or if those national chains send out 100m of those $10-discount-coupons for purchases above $10, then all the retailers could still beat sales and profit forecast. No analyst cares about margins. Just beat the earnings forecasts. Its a secular bull man, can't stop dancing.
Anyway I am sure factories in China will always find a way to make it cheaper, who cares about polluting their cities, slave-drive their migrant workers to suicide, a few hundred mine workers now and then die from coal mine disasters, and 90% increase in iron ore prices. Meanwhile Nike and Apple and Walmart just shake their heads and say "we didn't ask them to do those bad things, we just ask for 5% lower prices every quarter; know what, we even made them sign our company's moral ethics code of cunt-duct".
Dude, Timberlands at the mall outlet store $43 including tax .... Made in Vietnam... Round 1 in the race to the bottom goes to me.
This conforms to the PCE data. PCE is up, but not from durable goods. It is up partly due to higher gas prices, but also because a big component of PCE is Services.
What is in the services group? The usual, haircuts, drycleaning. Oh, and imputed debt servicing costs.
What happened to MPG today? Got marked down big time.
one of your best robo...love the shot of Walden, Inc...grassyass
Real Time is surreal when you have hit the refresh button like a kid with ADHD
Irish bank-shares are a sick joke - their purpose is merely to keep some sort of firewall for bonds.
LOL, this market is making Robo go "Chica Bomb":
- Lets not forget who's running this show Leo...
http://www.youtube.com/watch?v=vnzFYUD_fNo
It's only flesh Leo. Could you pick a vid with some good looking women on it next time?
LOL, chill bro, don't get your panties tied up in a knot:
You are making Bawny horny.
.....and W.
Did the price charged by attractve women go up or down during the great German inflation? Consider that the supply can easily expand to accomodate the market. At the same time, a day without a sale is an opportunity lost forever.