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Weekly Chartology; Are Storm Clouds Gathering Over David Kostin?
Is Goldman AJ Cohen-replacement David Kostin in need of a dosage increase in his daily hopium uptake? "The positive price action from the CNY revaluation announcement was fleeting as the market appears to have turned to more domestic concerns, with the Consumer Discretionary sector leading the way down. The fears seem to be well-founded as 1Q GDP was revised down today to 2.7% from 3.0%, primarily based on weakness in final demand, which came down to 0.8% from 1.4%." When even he can't spin the data positively, it may be time to buy... or at least do the opposite of his recommendations. To wit: "Our recommended sector weightings have generated -23 bps of alpha YTD. Our overweights (Info Tech, Energy, and Materials) generated -34 bps of alpha while our underweight Consumer Discretionary position is down 14 bp. Underweights in Health Care, Telecom, and Utilities have added +24 bps of alpha."
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the "market" seemed to spin the data quite well..but this alex storm track might has something else to say..if it jogs to the east just a hair it could get interesting.
http://www.nhc.noaa.gov/graphics_at1.shtml?5-daynl#contents
Isn't Mexico having oil wash ashore too? We really need to know how far inland these dispersants/toxins can be carried by a big storm. Or weather patterns in general. That rain in Louisiana video is only anecdotal at best and not much use for modeling. Doesn't look like much of a chance of it heading in a more north easterly direction at this point. Although stranger tracks have existed.
\on topic for Storms
katrina storm surge went close to 20 miles inland...but thats a once every 50 years type storm...if a hurricane crosses over the spill area and then makes landfall it will rain toxins.
No weekly letter from Chiswick yet? Is Erik still in mourning over Denmark's elimination?
World's greatest financial bubble of all time continues unabated:
28 years and still going strong...
Pretty soon, PIMCO will be managing $2 trillion, and it's already too big to fail...
LOL..
i think u mean p.i.m.p. co
remember gold never defaults. good luck with that paper.
Any ideas on a fee conscious way to short the US Treasury? TBT and other levered ETF's seem to be inefficient at best.
When the bubble bursts there will be so much money to make. The average investor has pumped 20-1 dollars in bond funds over the last 3 years.
The thud will be heard for centuries!