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Today's Events: Consumer Confidence in Manipulated Markets, New Home Sales, Fed Speeches
Bunch of irrelevant and reflexive (stock market is up so confidence - in what? manipulated markets? - is higher, so stock market is up so confidence is higher etc) stuff today, as the world central banks prepare to pump another $600-$1000 billion into the consolidated balance sheet and send input costs into the stratosphere. Somehow this is bullish for stocks. Luckily, it will finally break the EURUSD - ES linkage.
From Goldman:
9:55: Reuters/University of Michigan consumer sentiment (February final): Partial rebound. In the preliminary February report, the University of Michigan measure of consumer sentiment unexpectedly declined to 72.5 from 75.0 previously. Other measures of consumer confidence, such as the Rasmussen index, have improved, and we therefore expect a partial recovery in the final February reading for the sentiment index.
Consensus: 73.0; Last: 72.5 (Feb prelim).
10:00: New home sales (January): Also improving. We forecast that new home sales increased by 1.0% (month-over-month) in January, following a 2.2% decline in December. Given the sharp improvement in the index of homebuilder sentiment, there may be upside risks to our forecast.
GS: +1.0%; Consensus: +2.6%; Last -2.2%. MAP: 2
10:45: San Francisco Fed President John Williams at 2012 US Monetary Policy Forum (USMPF). Mr. Williams will be a discussant on a panel on housing, monetary and the recovery.
11:35: St. Louis Fed President James Bullard at USMPF. Mr. Bullard will also be a discussant on a panel on housing, monetary policy and the recovery.
13:30: Philadelphia Fed President Charles Plosser at USMPF on fiscal policy panel. Q&A scheduled.
13.30: New York Fed President William Dudley at USMPF on fiscal policy panel. Q&A scheduled.
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More Lies! That is all.
That a trillion in lies to you Mister!
Great take on the housing numbers from Biderman with Mark Hanson
http://www.youtube.com/watch?v=b1a3RKUx-ps&list=UU_FouojmbzN_jwBVkroDQBw&index=2&feature=plcp
The Four Horseman of the Return of 1800+ Au...
Zero profit homes in Beijing: developers sell for cost to recoup capital
http://investinginchinesestocks.blogspot.com/2012/02/zero-profit-homes-in-beijing-developers.html
Ministry of Truth will say everything is fine, and we were always at war with Eurasia!
mistakes.....? uncomfortable truths...... down the memory hole!
I think its all true. I have suddenly been inundated with job offers, my bank account has swollen to obscene levels and I have lost 37 pounds of ugly fat in the past week without any exercise! What an awesome country, eh?
You lucky SOB. I'm inundated with ugly fat, I suddenly lost my bank account and I need obscene levels of exercise.
USA! USA!
Very much like the movie Brazil isn't it?
I am buying shitloads of CDS's on the Manipulation Index today...!
watch the price of Crude OIL
the high cost of Oil and Energy
is the real Consumer Price Inflation Indicator
that will bring this house of cards down.
wr;)
Did you hear Crocs broke $1 billion in sales somehow. That should be goo for a 50% gain in the stock today.
Party Hard, It'll Be Over When You Least Expect IT!
You could point out the moderation of the moves...since you all did a good job (and I'm not being a jerk this time) of pointing out the massive volatility last year with the commensurate soaring of the Vix. Indeed "doesn't the fact that you call it boring make the market interesting?" just a thought.
You think we are going to let you sit on the sidelines in those money market funds without paying a price...think again bitchez
http://www.marketwatch.com/story/schapiro-considering-capital-rule-for-money-funds-2012-02-24?link=MW_Nav_NV