Today's Economic Data Highlights

Election Day

10:00: Homeownership and homeowner vacancy rates for Q3….This quarterly release is not widely followed by the markets, but we pay attention to it for both the homeownership rate and the homeowner vacancy rate for reasons reviewed most recently in last Friday’s US Economics Analyst.  We expect the homeownership rate to trend down by about ½ point per year.  It was most recently reported at 66.8% for Q2.  The homeowner vacancy rate should also come down over time from its latest 2.5% reading, but progress on this score will be difficult as long as foreclosures remain high and demand stays low for cyclical reasons.  For more, see https://portal.gs.com/gs/portal/home/fdh/?st=1&d=9926417.
 
17:00: ABC consumer comfort index…It’s been bouncing between -47 and -45 lately, last at -47.

From GS and ZH

Comments

[wiskeyrunner]

Yet another gap up on the cash open, over and over and over. Yesterdays selloff almost gone thinks to the magic futures. SPY can gap open just like yesterday, a free markup will little to no effort.

[Boilermaker]

Oh, you noticed that too?

[EscapeKey]

And yet, this is strongly bullish. Let's recap;

Good news = strongly bullish.

Mediocre news = some obscure figure will be better than expected = strongly bullish.

Bad news = QE2 = strongly bullish.

No news = strongly bullish.

And no-one in the MSM questions this absolute madness? I constant read articles saying "now's a good time to buy equities" - what do they expect? To beat the all-time DJIA high, despite the fact that the economy actually is really rather weak?

The crazies are running the asylum.

[Sudden Debt]

So you're looking for Mr. Logic he?

I bet you're single, you have at least 5 cats and you've seen Titanic 2670 times right?

[EscapeKey]

Yes, no, and no.

[Sudden Debt]

NO MORE POMO HAPPY HOUR?!!

time to switch between bars...

[Boilermaker]

And, you can just watch futures constant being bid up...drip, drip, drip, drip, drip...

Seriously, what a fucking farce.

[99er]

Charts

http://www.zerohedge.com/forum/99er-charts

Good luck, folks.

[DavidC]

Yup, that'll explain the 1 1/4% rise in FTSE today so far.

DavidC

[cheap uggs for sale]

We have all cheap uggs for sale in our website http://www.salesuggs.org ! You can meet all your needs for UGG hot sale here and will certainly be satisfied with the top quality at low price. All UGGs on sale are made with the 100% genuine sheepskin from Australia and are hand-made in our own factory completely. So you need no to worry about the quality and the cheap UGGs for sale are all to be delivered in free shipping. Enjoy the large discount!
1.
UGG Amberlee
|UGG Kensington
|UGG Elsey
|UGG Langley
|UGG Roxy Short
|UGG Roseberry
|UGG Oliviya
|UGG Raya
UGG Brookfield Short

[cheap uggs for sale]

Many like to prefer this footwear for cheap uggs on sale. its stylish and comfort aspects that charms as well as eases your feet with utmost convenience. Earlier, people use to wear cheap uggs bootsto keep their feet warm in cold weather but now in modern time people prefer them to gain a great appearance.UGGS on sale.Such as:UGG Adirondack|UGG Bailey Button Triplet|UGG Brookfield|UGG Cardy|UGG Delaine|UGG Elsey|UGG Gissella|UGG Highkoo|UGG Kensington|UGG Knightsbridge|UGG Langley|UGG Mayfaire|UGG Roseberry|UGG Roxy|UGG Upside| UGG Amberlee| UGG Oliviya| UGG Gaviota|UGG Desoto|UGG Bailey Button |UGG Brookfield short|UGG Swell .

[cheap uggs for sale]

Welcome to our website-- http://www.ugghots.com , we are making the promotion for many uggs now.Here is a chance for you that you want to buy good ugg classic boots by cheap price.At present our hot sale snow boots has :
| UGG Delaine Boots
| UGG Gaviota Boots
| UGG Gissella Boots
| UGG Evera Shoes
| UGG Upside Boots