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US Business Inventories Print At 0.7%, On Expectations Of 1.0%
November Business Inventories print at 0.7%, slightly below expectations of 1.0%, and a reduction from the previous month's 1.3%. That said, there is no change to the ongoing trend of increasing inventories being the primary, and according to many, only boost to economic output, which is ironic because inventories really have no impact on output except when they are being liquidated at below cost as Best Buy shareholders found out the hard way despite our repeated warnings of a top line and margin collapse. And yes, the fact the retail sales declined as inventories increased is a sure sign of an ongoing Golden Age.
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Whoops! I guess BB was selling too many solar panels!
The Dow is now back to August 2008 levels... lol!
Margin collapse
The theme for 2011
It is all FED money
10yr losing its 50 day weekly......
Funny you should talk about Golden Age Tyler..
2008- Banking Cartel Exposed
2010- Political Cartel Exposed ( wikileaks)
I think we are in good shape for 2012 for the exposure of Religious and Scientific Cartels.....and move into the Golden Age..( or so i hope)
I'm thinking... oh boy... wait for it... wait for it... religious cartels to be exposed... soon Did you see WL's background? It's a doozy!
They can sugar coat 'data' and pump wildly overbought indexes, but those guys who trade the bonds are apparently not fooled.
SD-1, FYI, being in the bond markets myself, I can say, the creme of the savvy are bond investors. No bragging onto myself but it is the truth.
Michael Milken attested to that. Or was it 'testified' to that. ;-)
Yea seems like the bond guys are always no nonsense, leave the glam and glitter of retail stocks to CNBC but where the rubber meets the road, the bonds aint buyin it.
I like how they can ignore bby crashing and goi back to the ramp up. Pomo go gl
Who needs BBY when you have CC?
Here comes SPX 1250, minimum 1275 now by year end
I have been keeping my eye on the BDI lately and we are about to break 2000.
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Watch it every day yet the "Equity Freight Train" just keeps on rollin'! expectations are now to just let it go until it doesn't. Very very boring.
Anyone who thinks that Bernanke can guarantee stocks don't go down should wonder why the 10 year has gone from around 2.5% to 3.36% interest in a short time. I don't trade bonds so I don't know exactly how much loss to principle that would be to someone who bought at the top a few months ago and is still holding today, but that's a big loss isn't it?
But don't worry about stocks, buy the #$*&! dip. The Bernanke put will work until it doesn't. But you will be able to get out ahead of the crowd because all of the signs of the crash will be obvious on the chart. But no one else reads charts so you will have hours, if not days, to get out ahead of the stampede.
And day by day, one by one (at first) companies are imploding. A&P groceries, Best Buy... soon a home builder, or MUNI anyone (had a flash crash yesterday 2 minutes after the open it went to a bid of $0.01)? They've ramped the hell out of BAC, but does anyone believe their problems with mortgages are over? They've ramped the hell out of RIMM, but does anyone think that they are going to keep their remaining market share against the onslaught of Apple and Google? Or that the market will overall grow so much that even with their sliding share of it, they will still show strong top and bottom line growth (particularly bottom line being the hard part when you have an inferior product and two very very strong competitors with superior approaches and ecosystems, much less technology).
But hey, today's dip looks like it was a great buying opportunity. ES was -0.08% at one point and now +0.32%, so you could have had 40 basis points in an hour!
A dip happened? When?
SPX
About to hit an air pocket?
http://99ercharts.blogspot.com/2010/12/spx_14.html
http://www.zerohedge.com/forum/99er-charts
Insane chart, proves we're in some alternate bizarro world.
We will either be at 1180's or 1260's by EOW.
Bonds are 'puking on this pomo' this am.. just waiting for the Nas to Red, then DOW etc.
look at MUB.. there's trouble in Muni-ville.
I'm sure this is a stupid questions. But TD is saying sales went down and CNBC has an article title that says sales SURGED. Who is right?
Who would you guess is right, CNBC market whores or TD?
We are dismayed that the green shoots of optimism produced last August on the expectations of QE2, packaged and warehoused until delivery on November 3rd, have not been fully appreciated by the consumer. This is unfortunate but expected, since green shoots are a commodity, and not a durable good.
oops.