- advertisements -
I wonder what the major corporations revenues looked like in June? The first 2 months of the Qtr were probably rockin as inventory rebuild...but I bet June showed a big slowdown....especially mid June. It will be interesting to se how many change their forcast in August...
Give eveybody a pack of Viagra 500, 20 sixpacks of Belgian beer, 10 cardridges of smokes and import all the hot Latin babes from mexico and they'll feel a lot better. I promise!
3 years ago, this was the most bullshit indicator on earth and now we start paying attention to it? COME ON!
NEWSFLASH >>> They are all bullshit indicators now.
Everybody knows that bearish statistics have no predictive value. Only bullish statistics are useful.
Except, gee, I haven't seen any bullish numbers in a while (disregarding headline "beats")
Why do you continue to care about small businesses? They're fine. They just need to take out more loans.
Buy buy buy
Portugal downgraded and now this but futures SOAR!
Fuck this shit.
I think everyone now expects to go to 1110 before piling in short again
Have fun with that. When you play with things that are openly fraudulent then you should expect to be defrauded.
I'm fully with you but this is just not even tradeable anymore, at all. Period. It's fucking worthless to be in the 'market'.
Anyway, I do wish you good luck. I just won't be in the passenger seat of this bullshit ride with you anymore.
I think you'll find we're in agreement.
I'm pretty much net neutral at the moment. I lost way too much money trading based on emotions. Now is a good time to be on the sidelines, waiting for the carnage to occur, then looking for value. (IMO)
This BS could easily drag on through the fall, or into next year.
i hope not...
The Banksters and their Bitch Timmy G love squeezing shorts on bad data
they love raping and pillaging
they worship Satan, after all
It's so fucking obvious, isn't it?
I wouldn't be surprised if they don't have a full and detailed database of all short positions and their stops and then do max damage at will.
You can't beat someone that doesn't have to follow laws yet alone rules. Of course, it's a dark day in general but these fuckers are not even close to stopping this bullshit. The bigger problem is that they've been doing it long enough now that they probably can't and won't ever stop.
The volumes continue to decline which, in my ignorant mind, tells me that more and more are exiting the market. Only a few complicit 'players' are left and, of course, are colluding like fuck.
Put on your small business hat for a moment. These people are not traders. They are looking to secure the future of their businesses and ensure their families can enjoy a good life.
Why would you hire/expand now? The political headwinds around deficit financing and increased taxes could simply swamp you within the year. A change of direction in the Senate and Congress towards more fiscal responsibility would be seen as a positive sign for small business, who in turn would consider hiring/expanding.
Government debt (Municipal, State, Federal) is the number one issue that needs to be addressed going forward.
From the NFIB spokesman / head this morning on CNBC, the problem is primarily lack of SALES with the political and business environment changes being secondary (or icing, if you will).
Yeah, we are all in agreement, as is the retail investor, that the markets are completely disconnected from economic/financial reality. While it is frustrating to witness such a disconnect and the nonsensical cheerleading, we can all rest assured that this beast is broken (or perhaps working just as planned?). I speak with high net worth folks on a weekly basis and they now could not care less about the stock markets. All of them are out of the markets for the most part and whatever monies they still have in them are only there because they cannot take them out (trusts, etc). It is as if the entire audience knows the circus is an "act" but the actors keep on acting. The equity markets are nothing more than a washing machine and are irrelevant at this point, and perhaps forever now.
There is only one way to get a square peg into a round hole. Get a bigger hammer.
The fact is that it's so far detached that the plan won't be stopped. Everyone is on board and law enforcement is 'gone fishing'.
So, what's the fucking point?
I could be rich a hell also if I could walk into the banks with a gun and rob them with no chance of getting caught or, god forbid, arrested and prosecuted.
Canucklehead and Boilermaker, you are BOTH right. As a small biz owner, I have been luckier than most. If I didn't operate w/o debt financing I would be gone already. My biz has been growing phenomenally the last 5 years, was wondering when all of this would catch up. Finally went flat in May and June, but no decline. July numbers are looking abysmal. Month to date for July, biz down 75% YoY! With flat, declining revenues and a totally fucked up regulatory environment, rising costs, etc., there is NO WAY I am investing or hiring. Preserving cash and trying mightily to not lay off any of my employees (Taking a personal wealth hit for that).
The decline enforces the view. The bizzes I do biz with are in the same boat or worse. They cannot expand or invest capital in anything right now.
This is going to be one seriously ugly Christmas season, which should be the final stake in the heart of the bulls. Watch and see the August through October transportation reports for a clue. NFIB is dropping their bombs now trying to warn everyone. And CSX's report wasn't as hot as everyone makes it out to be...
This tracks with the elimination of the middle class.
Really this is a great post from an expert and thank you very much for sharing this valuable information with us................ windows vps | cheap vps | cheap hosting | forex vps
Tips: tips [ at ] zerohedge.com
General: info [ at ] zerohedge.com
Legal: legal [ at ] zerohedge.com
Advertising: ads [ at ] zerohedge.com
Abuse/Complaints: abuse [ at ] zerohedge.com
Advertise With Us
Make sure to read our "How To [Read/Tip Off] Zero Hedge Without Attracting The Interest Of [Human Resources/The Treasury/Black Helicopters]" Guide
How to report offensive comments
Notice on Racial Discrimination.