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Premature Release Of Dallas Fed Data Shows Biggest Miss In 4 Months
UPDATE: Release shows a plunge in Capacity Utilization and Production to their lowest in a year, Inventories surged to 3 month highs, Shipments dropped, Capex fell and Finished Goods dropped to its lowest in two years!
It seems the Thanksgiving week has wreaked havoc with governmental timepieces. The Dallas Fed manufacturing headline data was just released 15 minutes early and has dropped back into negative territory with the largest miss in four months, due we are sure to Sandy in some way.
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Sandy brings QE-FUREVAH + $45bT-bill/month unsterilized (QE3S) in Dec. BULLS will get FUREVAH PLUS under the Christmas tree.
Everywhere I look I see BULL, especially the stock market. BULL-SH.
80 billion x infinity non?
I thought they adjusted it two months ago days after the announcement of 45 billion.
Yes, but Facebook just announced a new tickbox, and privacy changes which address nothing.
The tax selling for FB EOY is going to be brutal. FB is a January popper.
nono, because FB is a BARGAIN at (only) 183 P/E ratio.
Amazon's P/E ratio in excess of 3,000 - WHICH IS NOT A BUBBLE - shows how high Faceberg SHOULD be, if it weren't for all these irrational bears.
i feel as if im taking crazy pills.
No black friday deals on gold or silver so I bought nothing...sorry GDP you'll have to take the hit.
I picked up a nice, heavy, Silvertowne poured bar, but it fell off the back of the truck.
Got to remember the tailgate.
Rats.
Some nice short squeezes occuring across all market caps today. Shorts need to beware of the Fed Speak Trifecta tomorrow.
Move over Smoot-Hawley, the ACA act is the new excuse for economic collapse.
All sorts of things will be blamed. There will be strong "opinions" defending foolish distractions that will be painted as opposing positions. Everything other than the truth: debt money plus interest. It's so simple, almost too simple. ACA is a gift to insurance companies with an understanding that the end is near. "hope" that it is anything different is misplaced.
It's Bush's fault. Also, it is the fault of the rich, you know, anyone with 2 cars and a 3 BR, 2.5 bath or better house.
And by the way, all you greedy car and home owners, you didn't build that.
And if you want to keep all your ill gotten gains, and refuse to pay your fair share, maybe some time picking rice will help you get your priorities straight.
Afterall, government is the only thing we all belong to, so get with the program already.
fuck off with your juvenile Foxtard cliches
He is the "foolish distraction" that I wrote about in my original post. Funny.
A guy who writes "fuck off" declares someone else is juvenile.
Remember, 250K is the new Million!
I also prematurely released, last night. It sucks!
I forgive you.
Sincerely, your hand
This is no surprise. Sandy's impact on Texas has been terrible. I have been without Peanut Butter Cups for weeks and am eating the wrappers out of dumpsters.
we did have a local Hostess bakery close.
Mr. market is griding away going nowhere today. Stay far far away.
Mr. BoneStripper!
Now there's an obscure (for most) reference! +1
I liked that movie, it worked in some odd way.
BTFD for the imminent Dallas Fed rebound! /sarc
Should be pure nitro rocket fuel for algo's!
Why blame Samdy? Somehow google seemed to blame the bad numbers on the fact it was a pre-release, I would go that route, if you don't get traction, try sandy.
Low volume bounce last week has a lot to prove to show this move up is for real.
http://bullandbearmash.com/chart/sp500-weekly-362-austerity-debt-fiscal-...
Indicators still show downside ahead.
BTFD?
Silly. You don't blame Sandy. It's Bush's fault.
sandy cut my balls off...and she had a thick euro bush
mmm,mmm,mmmm, euro bush!
Bush had his silly excuses a well. 9/11, for example. Distract and divide. With all due respect, if you claim either party as a path to a solution, you have been taken as a fool?
Oh, I see. I thought the 'Bush's fault' meme was well understood here at ZH, sort of like "Gold, Bitchez!" See above, a little later after my comment.
When someone starts off a sentence with all due respect, you know they really don't mean any at all.
with all due respect...it WAS Bush's fault...and Obama's...woulda been Romney's if that corporate jerkoff had gotten in....
That's the trouble with Oligarchies.
For the bulk of the populace, times get harder.
"Bush's fault"? That's a simple, endlessly amusing catch-all for the partisan Foxtards of ZH (Righties>Unaffiliated>Liberallz) who pine for Numbnuts and his manly musk...or something
Foxtards? That's people who watch Fox? You make a lot of assumtions there, pal.
Who cares about negative news anymore? And, if debt is irrelevant, which it clearly is, then why don't we just legislate the dismantling of the federal income tax system? That would certainly be stimulating.
Oh, yeah, forgot, they don't want the money in the hands of the people. My bad.
Yet prices keep going up. Shouldn't this be impossible, Krugman? You're a Fuvking joke.
Sandy is the new Bush.
It's Sandy's fault!
Premature release? Only to us little people, the big guys got it way in advance as always.
'Early release' was handed out to the 'big guys' early last week no doubt, so they could pump n dump.
That's nonsensical.
Remember bad statistics equals good Market news, much more often than not.
And today's action is much more HFT driven than usual - and per usual is bad enough. I think that's Bullish for our parts of the Market - PMs, Energy, Manufacturing - when there is actually real non-HFT trading - much of it short covering - later in the week.
These play-acting days are annoying and draining. But they are probably necessary, in the Test Test Test scenarios everyone now requires.
Illusion wearing very thin, however - even at Zero Hedge. (Note that Clive Maund actually turned Uber-Bullish on Gold and Silver both yesterday. I believe that happens only once every 98 years, coincident with a rare kind of meteor shower or something.)
Well Congress will get right on this and fix it...yes they will....are they back from vacation yet?????
Dallas is near New York that's why
(And that's as accurate a statement as any out of the BLS and the rest)
Equities in Dallas
Let's Get Ready To Tumble!
http://chartistfriendfrompittsburgh.blogspot.com/2012/11/lets-get-ready-...
Markets can stay irrational longer than you can stay solvent
Endless war has bankrupted the Treasury.It reminds me of poor old England's history.Don't get me going on socialist France...because all countries in so-called democracies just rent their paid politicians.We replace them with another gang of paid fools that have no experience and mismanage budgets even further each election.Just try to get a detailed summary of how your tax dollars were spent on war.You can't,it's a national security issue.
And just think, they haven't even ramped up the BIG planned war yet!
Remember, 1 cause of the US Revolution was the British clampdown on the colonies due to the expense of the French and Indian War. England had bested France, but at a very detrimental cost to the Treasury. They expected the colonies to pick up some of the costs.
"Taxes, colonies!
Not without Representation, Parliament!"
Based on the civilian employment to population ratio, there has been no recovery
Sandy was a big storm, extending all the way to Texas, it now appears. It also apparently made landfall earlier than originally realized.
But good thing Obama is our president. Though he inherited this storm from Bush (it was caused by Bushian global warming), he will fix it. We just need to give him another 20 years or so. Bush was very, very bad.
We need to give greatly expanded powers to the EPA to fix this Sandy mess and prevent future Sandys from happening.
Yes, but it's cyber Monday. Hurry up and get you cheap chinese shit while it lasts.
"due we are sure to [Krugman-ical economic stimulus] Sandy in some way." FIFY
I've notice a very recent significant drop in the number of manufacturing job postings on Craigslist for here in the Twin Cities. Maybe it's just due to the proximity to the holidays or plant owners being frustrated over the election of Obama, but where as recently as October a single day of postings would fill up at least a page or even spill over into a second page, now all the manufacturing job postings for a whole week or more have been filling up just one page -- it is a little concerning.
Distillate stocks are continuing their downtrend, showing that producers still see declining demand.
http://www.dewittworld.com/portal/GraphAnalysis/ShowLogiXML.aspx?ModuleI...
This is actually fantastically Bullish news for all Risk On assets.
Richard Fisher has been softening as a Hawk, anyway, as I am sure everyone has noticed.
If he becomes even a Closet Dove, it is all over but the shouting.
Good for Oil. Good for Gold. Good for Manufacturing.
We are about to be the beneficiaries of the greatest financial Stimulus in at least a decade - and SOON.
bad for us, though...
bad for us, though...
A serious questions: How do these numbers get prematurely released anyhow? This seems to be happening more these days.
Premature releases are usually due to a lack of stamina... IMHO.
WTF
Premature releases are usually due to a lack of stamina... IMHO.
WTF