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Technical & Macro Update - November 2011
Technical & Macro Update - November 2011
Original piece here.
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Despite what skeptics might say about it, this is pretty good stuff and well worth a read IMHO.
It is simple and clear and straightforward,and I would suggest with the duration time, for the most part this will likely to be proven a sound assessment.
I just spoke with Nouriel Roubini and he suggests this kid get a PhD in Economics before he dare weigh in on Market Macros. And he points out the four plain-looking coeds who are soaking him for free drinks agree with everything he says.
Does someone pay this guy for this drivel? Dredge up a few number handed out by the liars in DC and Wall Street and then present it like it will yield any information?
How about U6?
How about bankruptcy rates?
How about hanging properties?
I give it a 1.5.
Well been to 2 malls this weekend all in some 10-25miles radius and gues what they were packed I mean I needed more then double then usual time to get a par king space inside the same thing packed really packed just haven't seen/heard registers cracking?!?!?
So I might be inclined to expect some "retail surprise" this year, "engineered" or otherwise fact is people are out there but not sure if they're spending enough to bump XRT higher?!?
But again i guess HFTs will take care of that, aren't they, eh?!
Nice post. I enjoyed reading it.
In my opinion, all the recent negativity in the press regarding the European debt crisis has created a tremendous buying opportunity for US stocks.
The Invetrics system just gave a long term "Buy" signal as of the close of 11/11/11 with a new DJIA target of 13,500! You heard it here first.
admin,
http://invetrics.com
Looks like we are moving higher today! The Invetrics long term Buy signal of 11/11/11 will likely get confirmed!
admin
http://invetrics.com
Sorry, that was a typo. I meant to say 15,500 which is about 27.6% higher!
admin
http://invetrics.com
Nice collection of info and interpretation.
Thanks,
i.
I think we'll be finding out this Christmas that the US consumer is not really in a spending mood.
I think you may be right....and all these early "black Friday" sales are evidence that the retail community shares this fear. With the exception of some key, high demand driver items, it's bargain time in America, and retailers will have margin problems while trying to get the consumer to spend.
Long time no see Naufal, glad to see you back. I'll be tearing (reading) through this before Mon. Morning. You still do e-mail inbox stuff???
Hey, you've been away for a while. Good to see you back.
Helpful overview. - A short summary of highlights above the Scribd doc, or even just repeating your lede, would, I'm sure, be appreciated by the breezier readers.
Though I'm really not sure the US consumer is 'back', it's more like US people spend any fiat that comes into their hands, fearing that otherwise it's going to get stolen by somebody, MF-Global style, or by some crooked lawyer, if it gets left in a bank account. I noticed that years ago when I was in the US, I'm sure it's the same today.
As for the questions in your lede, they make me think of the standard quip of gold guru Jim Sinclair of JS MineSet, that 'QE to Infinity' will be the only option.
answer: YES