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Dallas Fed Dumps From 19-Month High; Misses By Most In 6 Months
Last month was all ponies and unicorns as hope was extrapolated that a 19-month high in the Dallas Fed meant this time was different and not entirely cyclical as we have pointed out again and again. Once again it seems the government-budget-based hope has collapsed as even optimism for the future dropped to its lowest in 4 months. This is the biggest miss of expectations on six months and the lowest print in 5 months. Reflecting the margin pressures that we discussed previously, prices received dropped dramatically as price paid soared.
and it appears margins will remain under pressure in the futures:
Looking ahead, 39 percent of respondents anticipate further increases in raw materials prices over the next six months, while 34 percent expect higher finished goods prices.
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Good news!
Reprogram the algos to mark-up SPX by another 5%!
Relative to TSLA and NFLX, SPX is dirt cheap, not even 100 P/E!
Booyah!
Bullish for moar QE Bitchez........
A little bit more of money printing and soon everyone will be a billionaire like the plutocrat iCahn!
God bless Bernanke and money printing miracle!
Booyah!
More of the same http://en.wikipedia.org/wiki/Anti-gold_futures_act_of_1864
Nope... That's all she wrote people.. The crash is here!
Crash?!? What crash?!?
The economy is strong! Europe is solvent and recovering! China is firing on all cylinders! And Bernanke got your back and will bail you out!
Booyah!
Yeah... But I say the crash is upon us! Woe be unto the doubtful as the tsunami of debt wells up from the deep to crest above the casinos and sweeps away all in its path!
Oh and kiss Obamacare ta ta and stay off the streets after dark.
"When the music stops, in terms of liquidity, things will be complicated. But as long as the music is playing, you’ve got to get up and dance. We’re still dancing."
--Charles O. Prince III in 2007 (the smartest investor of all time)
Headbanger, did you bump your head recently? This party ain't near over.
Oh yes it is. Leave now and don't look back upon the devastation i else ye become salt. Play golf or go bowling.
'GO AWAY! 'BATIN'!
Must print moar...
Once you get locked into a serious printing habit, the tendency is to push it as far as you can.
Wot Doc? Higher cost of materials plus higher cost of finished product must be bullish, amirite? I hope the Chinese are enjoying their new super cool standard of living because I just heard a few more thousand jobs get offshored to lower those finished product costs.
But there is no inflation. Ben told me so!
Keynesians batting 1,000 today, as usual.
The trend is your friend, there is no "market" and we will continue to beat expectations all the way down. There is no inflation, so stop believing your lying eyes and buy with both hands.
Home sales plunging, labor participation declining, manufacturing plunging. You'd think that the Fed's stubborn adherence to QE was an intentional takedown of the US economy....I know it's crazy, but....
THERE WAS OPTIMISME FOR THE FUTURE?!?!
Well, there are three auctions today. So, rally!
I want to see Kramerika mention $150 bill per month QE .
The fed is 'all markets'....but only as long as it rules!!
"Can't taper now, because..."
Exactly, GMad. Seriously trying to discuss tapering is like seriously saying yes when the question "Will you still respect me?" is asked. There is no tapering now, in the immediate future, nor future in general. Yellen will see to that.
was at a local gas station/food store, it was empty, I asked the manager(he was running the register) what's up..he said the co cut his staffing hours as sales are way off 2012, I said where are all the minority shoppers that seem to fill the stores, he said it is end of month and they have nothing left on ebt cards, only gets business the 1st two weeks of each month, and SS checks don't come out until next week..he was not a happy man.
So essntially local businesses are dependent on the FSA checks and have to move stock/staff to accomodate those "pay" schedules. If someone can't see how precariously balanced our economy is then I will sell them unique tickets to the Easter Bunny's gala ball.
look at fb bitchez, its a very rare site to see, guranteed to be up 5 percent tomm as these '' investors'' by that dip.
boy o boy do we have bullish ''investors'' in this market.
Whole public now just trained monkeys....push a button, get a reward....a nice heroin treat to keep you calm for the day.
If this isn't the picture of death I don't know what else you'd call it. And just in time for Halloween.
Perhaps it's time for every American to convene on Capitol Hill this Thursday before cob (which is usually 3:30pm for the well paid hogs) with a noose for every representative with a sign that reads-
"Trick or Treat"
Just cruious whether anyone else has noticed that there is no corrleation between any of the Fed surveys and ANYTHING else??? It seems as if there is no longer any reason for the Fed to publish their survey numbers since they are now meaningless and useless.
It has been this way since at least 2009 when Obama and Biden put on their party hats and declared that the recession was over. Who can forget the Glorious Summer of Recovery? Yet we mock Venezuela for having a Dept. of Supreme Happiness gov't bureau. Where do you think they got the idea from?
But somehow it's positive for stocks.