Recent

% | $
Quotes you view appear here for quick access.

PowerShares QQQ Trust, Ser 1 Message Board

  • pudshaft pudshaft Mar 30, 2012 7:16 AM Flag

    NEGATIVE DATA EVERYWHERE YET TARDS REJOICE THEIR DOOM..

    A bevy of economic data misses overnight, including German and UK retail sales, Japan industrial production, UK consumer confidence, and a European economy which is overheating more than expected (2.6% vs 2.5% exp), and futures are naturally green. The reason: the broken record that is the European FinMins who are now redirecting attention from the slowly fading LTRO impact to the good old standby EFSFESM, which according to a statement by de Jager has now been agreed on at €800 billion, lower than last week's preliminary expectation for €940 billion in joint firepower. That this is nothing but a headline grabber is as we have noted before, as there is much doublecounting, capital allocation to and by the PIIGS as well as funding already assigned. It will likely take stocks some time before the realization dawns that this is not new capital and liquidity entering the markets, unlike QE on either side of the Atlantic, while the amount is largely inadequate to fill the multi-trillion liquidity shortfall, let alone "solvency" of European sovereigns and banks. So for now enjoy the greenness all around.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
 
QQQ
110.54+1.48(+1.36%)Apr 24 4:00 PMEDT