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The Week That Was: May 13th- May 17th 2013
Succinctly summarizing the positive and negative news, data, and market events of the week...
Positives
- April retail sales up .1%, although gasoline sales fall hard
- S&P continues to hit all-time highs as credit plunges
- Gold shorts at all-time highs, must be bullish…
- Japanese institutions heart European debt
- Nasdaq breaks through 3,000 for the first time since 2000. 2000, what was happening in 2000?
- Oh-Em-Gee does David Tepper love stocks, and the Fed
- And Tuesday makes 18 -- Dow finishes green on Tuesday for 18th consecutive time
- Everyone calm down, Kuroda confirms the Nikkei is not in bubble formation. As the smart folks say, "driven by fundamentals"
- Ramp: ON -- equities continue to soar, PM's getting slammed, TSY yields tick up, and VIX stays asleep
- You ask for miracles Theo, I give you A.B.E.! Japan's Q1 GDP beats expectations
- Umich Confidence surges to its highest since August 2007
Negatives
- JGB futures halted, again
- No more POMO? Hilsy opines…
- Industrial production drops in April, misses estimates
- PPI drops, & the Empire Fed is just ugly
- Europe Q1 GDP confirms that you should load up on as much European debt as possible, as it is mired in recession
- Heads Up: Auto loan delinquency balances rise 23.9% YoY
- Is the market just being driven by short covering? Hint: Yes. But don't just take our word for it
- Wal-Mart customers apparently unaware there is a ripping bull market. Q1 disappoints, and guides lower
- Philly Fed mfg outlook for May collapses
- More Macro-tourist nonsense to be ignored: initial claims, housing starts, cpi all dismal
Additional
- Ron Paul: what no one wants to hear about Benghazi
- Support seems to be deteriorating for the great European socialist project
- Marc Faber offers sage advice, and it has nothing to do with the market
- Third Point Q1 holdings update
- ***Are the Japanese banks on the verge of insolvency?
- Worth a watch: dusting off the Michael Burry speech
(h/t @ZH_Crown)
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Can't we fast forward to the good part?
You mean after the Great Phase Transition of the early 21st Century, once the dust settles, post-2019; that good part? or just after 2031, that (seemingly better) good part?
Can't we all just move to a state and then secede?
The new market reality. Gee, why fix anything if nothings broken?
"The New York Stock Exchange said it is reviewing trades that sent shares of Anadarko Petroleum Corp. (APC) down as much as 99 percent to 1 cent in a series of transactions in the final second of trading. The stock recovered and ended the session at $90.03, up 2.5 percent on the day."
http://www.bloomberg.com/news/2013-05-17/nyse-investigating-trades-that-...
Why fix anything when everything is broken.
https://www.youtube.com/watch?v=qBXn9PptgN8
Tyler, trying to get an answer. Sorry for being redundant but so far no one seems to know. Do you know if the POMO operation day or the settlement day has shown more correlation with S&P price? From what I gather the market is aware of the operation on the day it is done but cash from the operation is not available to the primary dealers until the following business day. It would be great to see a chart of POMO operation days and S&P vs. POMO settlement days vs. S&P and a spread sheet. In any case, I'm wondering of we will see the impact of the huge POMO operation in the market on Monday or whether that was all done today?
Have a great weekend and thanks for Zero Hedge. The best place to get counter-spin from the MSM.
I'd rather like to know when the TBTF get their MBS money.
I'd like to know that too bnbdnb.
Today was the perfect day to buy insurance really cheap to hedge out the rest of the year and be wildly bullish at the same time.
Today was a perfect day to play "Sherman" and party with Mr. Peabody on his "wayback machine" heading anywhere but the last 7 days. (Although, watching the Obama Fraud show sure keeps things lively.)