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It's all good dude. If the UM beats then stocks are up on a strong recovery. If it's down, stocks are up on the impending QE 3.X
I love the smell of market insanity in the morning.
Nanex will again confirm that ISM was front run...by one minute.
amazing! When are we going to march to Wall Street and beat these guys! Pure manipulation. I'm in!
and just like that..the /ES explodes for an instantaneous 10 point pop....because????...we roll like dat????
ISM seemed to be a bit of an odd outlier. Usually strong correlation to regional info.
they trade ahead of the number by 5 seconds and run it up 7 handles in seconds.
Anyone else notice that Barrons reported ISM as 71.5 (the Consumer Sentiment #) at 10:00 am? It's been subsequently corrected.
How is anyone in the bottom 95 percentile confident? Where do they find these people? The geriatric ward? I'm thinking Alzheimer patients who believe Kennedy is still president.
It's a nightmare out there to anyone of clear mind and not on a drug (either prescription or street). This whole thing is like the f******g Twilight Zone. Thank God for places like Zerohedge.
Spoken like someone who has at least momentarily pierced the veil of bullshit and seen the true reality exposed. Careful don't gaze too long or spontanteous brain freeze can be invoked as a damage limiting response.
Here's someone else who is wondering just WTF is going on in this PonziWorld we've invested our lives in.
"What we have found is that the underlying financing mechanisms of the suburban era -- our post-World War II pattern of development -- operates like a classic Ponzi scheme, with ever-increasing rates of growth necessary to sustain long-term liabilities."
entire article at:
Aggregate demand is falling off a cliff with consumer spending + capital spending plunging. Add to that our trade deficit and won't it take over $10 Trillions of Gubberment spending just to keep the AD steady.
Everybody get out there and shop or the terrorists win!
The terrorist wear suits and sit on the boards of major corporations and banks. They are the Federal Reserve and Goldman Sachs. They have replaced bombs with CDO's and leverage. They don't bother with blowing up a bus stop or a train station, they nuke entire countries like Greece or the USA.
The terrorist have one hand on your wallet and the other holding an economic gun to your head, either way you die in an economy that only recognizes money as legitimacy. The poor don't exist, except to the extent that they can be exploited. Welcome to the ownership society are you an owner or the owned?
We need another 300$ government rebate check to prime the pump, the malls are being entombed by spiders, the dust grows ever deeper on last months "must haves" leaving no room on the shelf for this months "must haves". The wheels of the economy screech like a train stopping on a dry track. The steam clouds evaporate leaving us looking at a train wreck and wondering why no one is in charge?
Who really cares if any of us lives or dies? The answer is in the mirror, and that my friend is who is in charge. That face that looks back at us is our answer, our future and our only way ahead, the only tool we have to stop this madness and turn this world around.
It's a million ants building an anthill without a plan, only desire. First we have to destroy the predatory ants that keep trying to eat us.
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