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Tomorrow's Economic Calendar
- Consumer Price Index – July Time: 8:30 am Forecast: 0.0% overall, 0.2% core
The core consumer price index is forecast to dip to a 1.6% annual gain in July. No inflation anywhere expect in commodities in priced in in equities. Ah, the dichotomy of split narratives. Yes, deflation is not good for the 760x P/E.
- Industrial Production & Capacity Utilization – July Time: 9:15 am Forecast: 0.1% industrial production, 68.1%
The dreaded inventory bounce that just won't happen yet every lower tick is considered a bullish signal because as some guy said earlier on some financial news channel, it is like a water held underwater. What if the water level has declined by 50% bud? Didn't consider that, did you.
- University of Michigan Consumer Confidence – August Preliminary Time: 10:00 am Forecast: 68.5
July numbers were a surprising and disappointing slide. Now that the market is up significantly, the ConCon should leap higher, leading more people to believe that stocks are a conviction buy here, and so on ala Catch 22.
Bottom line, expect all three to be massaged in a "victory for the bulls" kinda way.
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Hey TD, do you guys use Shadowstats at all? Apparently they're suggesting we're experiencing 6% inflation, which does make sense.
Shadowstats is good.
UoM is a con alright, they make how many phonecalls was it again?
250 or 500?
the number might be foolish but they have some good profs on their econ dept staff.
just watch out for tomorrow's numbers....we might even see positive CPI! i suggest if numbers are doctored as disgracefully as last nonfarm payroll report, we all pull a kevin youkilis (http://www.boston.com/sports/baseball/redsox/gallery/2009/08_12_09_redsox_fights/) and charge the proveriabl mound.
maybe we will get selling?
We just
good articles; my newest bookmarked finance site ..http://www..
hat tip: stock market blog
...better than expected...better than expected...better than expected...
don't forget "as the recession eases", gotta drill it into those sheep heads... The recession is easing...of course everyone know things are remembered when mentioned in threes, so don't forget, the recession is easing....
like they used the contained word a lot of times too... didn't do much containing did it!
and paulson and the rest kept saying 'strong dollar policy'
yup. DOW will be up 100 points tomorrow, S&P up over 25...
And oil will hit $73 again on 'recovery hopes'.
Hopefully the numbers arent too bad otherwise the market will shoot up on that bad news. got too many shorts right now for bad news
you are braver than I, sir. I abandoned ship on some shorts. But I sure as hell won't go
long in this bizarro market.
LOL My thoughts exactly.
also on the calendar: The blood funnel has been sniffing around current political controversy, and we are happy to announce Goldman Sachs opens it's HCFT facility (health care futures trading). Your grandmas longevity is now a commodity! Resources are capped by death, so your investment is guaranteed to go up!!!
http://zeropointfield.wordpress.com/2009/05/20/life-insurance-secures-bo...
What really gets me is why do people continue to believe these liars with their appalling track record of continual lies and untruths!
People deserve to be ripped off if they are so stupid
That is the elite ideology as well.
inquiring minds want to know:
Kathleen Hayes (Bloomberg) "How many people who are foreclosed on, become homeless?
imagine if she were to hook up with Liesman for a debate on how strong the "recovery" will be
Kathleen Hayes. Man I cannot even begin to tell you how much I hate that news spinner. I have a blood pressure spike every time the bitch is on
AND ... Paul Krugman bought a home !
http://www.observer.com/2009/real-estate/paul-krugman-gets-new-place-han...
Green shoot, REIT bottom and all up from here !
STOP! Taste Policy here. Guilty of buying
while stupid. What a dump.
Bloomberg/Market Data/Economic Calendar says :
Consensus Expectations CPI 0.1%
Consensus Expectations Core CPI 0.2%
Consensus Expectations Industrial Production 0.6%
Consensus Expectations Capacity Util. 68.5
Consensus Expectations Consumer Sent. 68.5
Tiny mod from above
Here comes the daily ramp job. Do they ever get bored with this stupid ass game they're playing?
Nope, you're a bit early, wait until 3:45.
Yeah, this pretty much killed any future for astock market as we know (knew) it.
We just
good articles; my newest bookmarked finance site ..http://www..
hat tip: stock market blog
Let's see...
Unemployment increasing faster than expected.
Retail sales show significant decline vs. expected increase.
Record foreclosures.
Mortgage rates increasing.
Business and wholesale inventories declining faster than expected.
Personal income declining faster than expected.
Consumer credit in record decline.
Toxic MBS assets still on bank books.
Commercial real estate in full meltdown.
State budgets facing ongoing revenue meltdown.
All of which = S&P gap up, right?
10 bad things, perfect green shoot recipe
The FOMC just said that their data "suggests that economic activity is leveling out"... something must be wrong with your information because that doesn't fit with what the FOMC is seeing... hmmmm... what's up with that I wonder. Winter is coming so hopefully all of these 'false green shoots' will just die already.
"Unemployment increasing faster than expected." But, but, but continuing claims fell. Oh that's right, some "losers" exhausted their extended benefits. Nevermind.
Don't forget the record bankruptcy numbers.
Forget all this bullshit Tyler. It doesn't matter what the numbers are, the market will rally. Up to this point every shitty stat that came out was "better than expected" so the market rallied. But even if RETAIL numbers are WORSE than the extremely low expectations, the market still rallies. The government has its red white and blue dick up this market's ass so far it's ridiculous.
But at some point the Viagra has to wear off... then you will have one big asshole full of hot air...
No doubt TA's will confuse today's artificially constructed flag pattern as a "continuation" pattern rather than the triple top it really is.
One of these days, GS will finally head fake every short out of the market so they can pull the plug and ride the roller coaster down with glee!
There will be one short left in the market... me... its the most fun I have had in a long time with $30K... have to have some skin in the game to really enjoy the ride.
make it 2, that's me. i'm patient, just waiting. actually, still have some pretty serious dry powder. maybe tomorrow i throw the rest of it in.
Patience is a virtue...
make it 3 (or more). make no mistake, very little capital in the markets. but it sure isn't long.
As long as they keep getting new shorts sucked in with every dip and fake and trickery they will keep using the shorts blood to push it ever higher. The worse the fundamentals the higher they can take it with people who trade on reality, economics and company earnings.
The programs are set to buy and stuff the companies behind the numbers. Computers don't read balance sheets or care about consumer confidence or retail sales or any such thing.
all they look at is the buy the dip and how many shorts can they suck in, when they have counted enough ducks in a row they shoot them dead
Well said, my thoughts exactly
not new over here. just stubborn.
What's this? Blockbuster falls after results in after hours? Must be some mistake, did they not lower the earnings bar enough??
Idiot, sack the moron
Unemployment increasing faster than expected." But, but, but continuing claims fell. Oh that's right, some "losers" exhausted their extended benefits. Nevermind...and we will still rally
We just
good articles; my newest bookmarked finance site ..http://www..
hat tip: stock market blog
Anyone watch The Cramer Comedy Hour tonight? I thought his head was going to explode trying to convince anyone listening that the retail numbers this morning were great. This clown is definitely under orders to talk the market up.