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Today's Economic Data Docket - Nothing Happening

Tyler Durden's picture




 

Absolutely nothing on the US economic docket today means stocks will fluctuate based on liesflow out of Europe, and Greece. Since today's 13th consecutive protest in Athens is expected to commence at around noon, it should be in full swing by the time NYSE circuit breakers are turned off around 2:30 pm EDT.

That said, there are two very irrelevant speeches:

  • 13:15: Treasury Secretary Timothy Geithner speaks to International Monetary Conference.
  •  17:30: Dallas Fed President Richard Fisher speaks at Market News event. Details TBA.

 

 

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Mon, 06/06/2011 - 07:36 | 1342755 CPL
CPL's picture

TEPCO got vapourized.  Although i'm sure this isn't the first time we've all seen an EPS negative %300 to the relative value of the company (cough...Citibank...cough JPM...cough GS)...

 

Otherwise if anyone is lookign at buying memory, hard drives, tv's...well anything with a chip in them.  You might want to consider that upgrade now, China's power problems are killing the supply chain of JIT systems around the world along with Japan glowing in the dark.

Mon, 06/06/2011 - 07:37 | 1342756 Ivanovich
Ivanovich's picture

And after Europe closes, we should go back to our usual drift up on robot vapor into the close.

Mon, 06/06/2011 - 07:40 | 1342764 topcallingtroll
topcallingtroll's picture

Yeah thank god for southern europe and their pending debt fraud scandal as well as the new leaders in spain suddenly discover the books were cooked.

Otherwise it would be a boring summer.

Mon, 06/06/2011 - 08:04 | 1342779 PaperBear
PaperBear's picture

I though I heard CNBC said that Ben is delivering a speech tonight about the economy.

The commodity market will no doubt surge on his words.

Mon, 06/06/2011 - 08:16 | 1342794 slaughterer
slaughterer's picture

The Bernanke at 3:45pm.  How can that be "nothing happening"?

Mon, 06/06/2011 - 08:34 | 1342844 Cdad
Cdad's picture

Still no conversations anywhere on the fact that the S&P clearly broke down on Wednesday...and I mean a text book technical breakdown.  I find it very odd since just about everyone who has been bullish this ridiculous equity market has been so primarily for technical reasons [simply because fundamental reason either do not exist...or are formulated on forward looking Wall Street nonsense.]

Why S&P futures are not down 20 handles this morning is beyond me.  After violating the 10, 20, 50, and the 100 day simple moving averages last Wednesday, I think we can do an advanced booking on the 200...which is at 1248.

Ben Bernanke can give all the speeches he wants...won't mean anything if his words are short of a promise to establish the next counterfeiting scheme.

Mon, 06/06/2011 - 08:53 | 1342904 PaperBear
PaperBear's picture

"The Bernanke at 3:45pm" ?

The next short silver squeeze is set to launch once he utters the words "considering further quantative easing".

WOOHOO

Mon, 06/06/2011 - 09:05 | 1342932 AcidRastaHead
AcidRastaHead's picture

I'd add the Apple Developer's Conference as a market influencing event, Let's see if Apple can come up with some side dishes for the iPad.

Mon, 06/06/2011 - 10:52 | 1343267 PaperBear
PaperBear's picture

Gold at $1554 tiptoeing up to the all time high.

Come on, baby, you can do it.

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