The IMF is pulling out all the stops trying to cheapen their currencies by bullhorning a contraction in overseas markets, and the euro is responding, and the dollar is emerging "ferociously" here at the 10% mark to the 1971 value. The entire market looks to go long only when the dollar goes into the toilet and can't buy anything of value, like food clothing and shelter.
Much of it is smoke and excuses, but the HFT has kicked in twice today, to wash indexes down the drain.
Looking to AA reporting tonight as a bellweather is so 1956 it isn't funny, but folks are still looking to new housing in the middle of a foreclosure glut to tell them something about an economy awash in already existing homes, so the herd is difficult to turn even in the face of fourth grade math.
AA is expected to be flat--hopefully their blowhard of a CEO will not disappoint with forward guidance. It is hard to be adrift on the machinations of aluminum co's, but the co is worth more if they'd shed the mining and become LESS vertically integrated. Since that augers against 8th grade economics, that won't happen.
Hope they show one stinking penny, or the sinking continues. post market tonight.
Bless your heart.
I get goosebumps when you post finance.
Then,I get depressed when I see Geeks out of work throwing sticks and stones at the cops in Athens.
Did I say Geeks?
They got no geeks, and Germany is upset about that.
Eventually Germans will give up and Greece will go back to what it does best.
Buying groceries with drachmas.