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The Week That Was: April 1st-5th 2013

Submitted by Tyler Durden on 04/05/2013 17:04 -0400

Succinctly summarizing the positive and negative news, data, and market events of the week...

Positives

Goldman has flashbacks of 2007, will launch Liberty Harbor Capital to invest in high yield debt. What could possibly go wrong?
Blackstone is a believer – Firm eyes opportunity in European Retail, having acquired ~$1.2bn of shopping mall developer Multi Corp's debt
U.S. factory orders rose 3% in February - If one were to dig a bit deeper than the headline, however…
Domestic vehicle sales rose to 15.22mm though less than expectations
CNBC declares the 'return of the retail investor', citing mutual fund & ETF net inflows of $4.5bn last week
The quest for 2% inflation begins: The BOJ launches its latest easing program - this time will be different! (more here)
Slowly working up to 100… Fed's Wednesday POMO provides $3bn in direct monetization of U.S. debt liquidity to the economy
A Facebook un-phone.
Retail gasoline prices dropped to $3.63, the lowest since 2/14.
Dow closes week green from Cyprus.
S&P and Nikkei lead the way in YTD total returns

Negatives

U.S. ISM manufacturing index falls to 51.3 in March
Goldman's 'Swirlogram' indicates accelerating global slowdown
The elephant in the room house: downward pricing pressure looms due to foreclosure backlog
Netherlands on the brink of becoming the next European domino
Euro Area unemployment hits an all time high in February
Unicredit (Italy's largest bank) CEO says 'bail-in's' using depositors money is acceptable
Swiss 2yr rates back down to January lows, as European Financial stocks re-couple with Credit
Initial jobless claims post biggest miss since November
Saxo Bank CEO delivers rare truthiness - "The problem is not Cyprus. The problem is the Euro"
U.S. Non-Manufacturing ISM misses big…
March ADP also misses big
Treasury Yields drop to 4 month lows.
Stocks close red for the week.
Non-Farm Payrolls miss dramatically, with the number of people in the labor force ay 1979 levels.

Additional

Mario Draghi smugly responds to Zero Hedge

(h/t @ZH_Crown)

- advertisements -

Fri, 04/05/2013 - 17:07 | 3414283 freewolf7

"Bartender..."

Fri, 04/05/2013 - 17:15 | 3414321 Croesus

OT, but worth looking at:

http://www.wnd.com/2013/04/is-this-why-obamas-responding-to-north-korea/

Fri, 04/05/2013 - 17:57 | 3414446 flacon

Bartender, I'll have a GoldmanSchläger with Morgan on ice.

http://24.media.tumblr.com/tumblr_lsifqaLvOq1qjvd86o1_500.jpg

Sat, 04/06/2013 - 07:07 | 3415753 Svendblaaskaeg

Long face

Fri, 04/05/2013 - 17:08 | 3414288 TeamDepends

Worst week ever. Until next week.

Fri, 04/05/2013 - 17:16 | 3414322 McMolotov

Always stay optimistic. The good news is that today is better than tomorrow will be, and so forth.

Fri, 04/05/2013 - 17:19 | 3414335 TeamDepends

Of course! Every day above ground is a good day. As for us, we are firing up the George Foreman grill and living large, bitchez!

Fri, 04/05/2013 - 17:30 | 3414371 Ignatius

According to the AP report in my local rag the unemployment headline rate fell .1 to 7.6%.

I'm beginning to think that Hollywood actually has taken taken over and that they can just write a script and it becomes the new reality. Lying seems to be a winner's strategy.

Fri, 04/05/2013 - 17:47 | 3414417 TeamDepends

Back in the 70's there was a show by the name of Marcus Welby M.D. on TV. Every week they received hundreds of letters from people seeking medical advice. They don't call it programming for nothing.

Fri, 04/05/2013 - 17:09 | 3414290 lolmao500

The quest for 2% inflation begins: The BOJ launches its latest easing program - this time will be different!

Devaluation is positive now?

Fri, 04/05/2013 - 17:12 | 3414312 Poor Grogman

Positive. We are one day closer to sound money.

Negative. The foxes are still running the hen house.

Fri, 04/05/2013 - 17:14 | 3414315 thismarketisrigged

truth is u could have just put everything in the negative category, and nothing in the positive category, because in reality, this week was as bad as it can get for the economy, yet the market always seems to indicate otherwise. Then again, the market is not a real indicator of shit anymore.

Fri, 04/05/2013 - 17:24 | 3414350 DowTheorist

Volume suggests that a correction may be in the making. Distribution days, bearish pivots, reversal bars are piling up:

http://www.dowtheoryinvestment.com/2013/04/dow-theory-update-for-april-4...

Fri, 04/05/2013 - 17:27 | 3414355 MagicHandPuppet

Bull-bearish!

Fri, 04/05/2013 - 17:33 | 3414381 palmereldritch

Shouldn't the graphic that accompanies this summary really be depicting the opposite, business end of those two?

Fri, 04/05/2013 - 17:32 | 3414380 Charles Nelson ...

Wall St will celebrate like they do every Friday with hookers and blow!

Fri, 04/05/2013 - 17:47 | 3414415 AlaricBalth

In my neck of the woods it's the local divorced soccer mom and a subtle Chablis.

Edit: Oh how I miss the Street back in the 80's. ;-)

Sat, 04/06/2013 - 09:54 | 3415878 Disenchanted

The week that was.

Topless Jihad:

http://www.theatlantic.com/infocus/2013/04/femen-stages-a-topless-jihad/...

I wonder who it is that's stirring that pot... /s

"Still, I’m curious about the mentality and agenda of those who planned and instigated this. Unlike many political phenomena, it’s far from obvious." ~ Scott McConnell

The Week That Was: April 1st-5th 2013

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