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Excellent news indeed...
That's funny. Time to rally +500 points instead of 1,000.
Of course, with the GM IPO on the horizon, you'd want to make sure auto sales are looking healthy.....
Must be fleet sales - once again
Remember GE ordered 12,000 Chevy Volts for the company fleet just last month.
So, knowing GE, they probably bought the cars on a bulk discount, then sold the vehicles into a special purpose vehicle (financed by GE Capital) for an elevated price and recognized a profit on the whole structure...
Sounds complicated; couldn't they just steal one from the lot and be done with it?
What portion of their sales are now in Asia?
Why does it have to be anything? It's a made up number like everything else.
you got that right! often wonder how market players discount statistical BS, if they simply ignore it, or more likely have decent research in-house
I can't imagine anyone buying the GM IPO, except if the funds to do so were being provided by the government. Will the Fed itself be the largest (or only) buyer of the GM IPO?
It is everyone's patriotic duty to buy the GM IPO! The government MUST get it's money back. The unions must get their money.
Since the only thing manufactured in NY are financial derivatives, wouldn't one think it is a positive thing for the global economy that less derivatives are being created?
I would wager a guess that if stores were not bringing their sales up in October, that ex-auto would easily have been 0.2 or less. It is easy to boost volume by having sales. What I am curious about is how much this will destroy November and December numbers?
None of this matters, blah blah, buy AAPL, POMO, f&cking whatever
ispite of the rising US dollar......european stocks are flying high.......whatever happened to that Rising-US-dollar-will-floor-stocks .....
If the Philly fed follows look out!
For what! Banana ben will ram up more QE or devalue the dollar more so the tiny sliver of manufacturing the USA does might grow a tad
You're like one of those cargo cult people except you seem to have an undying belief in the power of the Fed. Long-term interest rates have been rising since the launch of QE-2, not falling as they were supposed to. More QE -> higher interest rates = failure and forced abdonment of QE.
This with the imminent tax payer backed bailout of sovereigns in Europe and FED monetizations every day this week should give equities a nice boost.
Only when denominated in fiat. YMMV.
Gotta love seasonal adjustments as it makes everything appear bright, cheery and shiny:
Bldng Material $24.451 bil while $23.864 bil NSA
Clothing $18.186 bil while $17.647 bil NSA
Electronics $8.647 bil while $7.512 NSA
Net w/o inflation, negative?
Net w/o gasoline, negative?
Net w/o iPhones, negative?
Those Retards at CNBC don't bother to look at the details of the report.
CNBC's only job now is to carry the mad monetizers water.
Please, CNBC, is busy QVCing the whore house to the Middle East:Dubai.
Seems like the data is sporadically starting to turn down.
durden, you've got the general merchandise numbers completely wrong, NSA up 49860 from 46251, month to month, but this reflects large seasonal factor; SA 51083 up a tiny bit from 50981, or about 0.2%; elsewhere, the seasonal adjustment for building supply stores appears very questionable compared to 2009; i have less and less faith in each gov. econ number that comes out
This is what Wallstreet sees. The Headlines are all that matters. Dont worry about the fine print. 2 more hours till POMO... YEA!!!
Anyone notice sign and drive is back with auto dealers big time. Just sign your X and roll off the lot in your new Escalade.
The new home refinancing.
Good times are here again just like Wanger said.
Does this mean we'll be seeing an auto bubble?
The purchase of Bucyrus will help Caterpillar expand its global footprint in the mining equipment industry, Bucyrus specializes in surface and underground equipment for the extraction of coal, copper and other minerals.
Gold and silver are looking to make a mad dash to the upside this week.
FED is by the elites, for elites, from elites & Fraud Street gang. FED has nothing to do with Main Street
Get long the EURO now. I'm guessing that when POMO is released, there will also be an IRISH bailout announced. Double power POMO, send the EURO skyhigh and the POMO will push equities back above the top of the channel. Atomic POMO today.
I think this will be another sell during the POMO, then buy at about 1:30ish for the EOD pump.
Why not get long the real currency instead?
The only real currency are skills that are benificial to society. Even gold/silive/whatever has its limitations, especially if there was a true collapse in global currencies.
Good Lord, there is someone out there with some common sense! Folks need to stop worrying about hoarding goods and the like. Focus on learning skills people need were TSTHTF. Baking, gardening, physical protection (be a good shot, don't just own guns), raising children, etc.
obamajokecare - waivers left and right - especially for unions
Adventist Care Centers
UFCW Allied Trade Health & Welfare Trust
HCR Manor Care
New England Health Care
Alliance One Tobacco
Jeffords Steel and Engineering
Uh huh...I'm sure the couple hundred people in each local are much more relevant than the 209,423 from Aetna, idiot. Sooner or later you morons will figure out that your hero Ronnie finished off the unions and the 12% of the workforce that is still in one aren't nearly as useful for frightening the populace as they were in the 80s.
...And you're a Red team/Blue team douchebag.
Ooh, Tyler, the way you said POMO - I think I've just had an orgasm...
How is it that people can afford to buy all these new cars?
Of course all the new Payments will mean less money to spend on general goods, unless all of these new purchases are expiring leases going to purchases.
0% financing for up to 60 months
That's not long enough! I demand 0% financing for up to Judgment Day!
Dude, when you stop paying your mortgage your disposable income surges.
Assuming you have an income.
My bet is we sell off after Pomo. Hey everyday this week is Pomo.
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