Be VERY Afraid! Just when YOUR BILLS ARE DUE! You're making the speculative bet of your life! THE SKY FLASHES AND THE LIGHTS GO OUT and SANDY FILLS YOUR EYES WITH DARKNESS!!! You're stuck with 5 billion shares of Amalgamated Farts at 7 and you can't see a thing, it's getting COLDER and COLDER in your house, the stink of rotting refrigerator food fills your nostrils and you want to scream! Scream!!! Scream for your lives it's the TINGLER!!!. AAHHHHHHHHHHHHH!!!!!!!!!!!!!!!!!!!!
And just when the smoke clears and you discover your bet has been halved, you have to push your retirement age out to 95---suddenly out there the following weeks---it's ROMNUTS vrs OBLAMER in WHO CAN BK THE US 1ST with Bent Bernookie, as Starbuck, and you stuck with your Moby Dick up youranus! Worse yet--THIS IS REALITY! The ELECTION IS REAQL!! And the lights go back on, and all you want is for them to GO OFF AGAIN so you can HIDE IN THE DARK and wait for it to all end!
We only lost about two percent in the general market so the other three percent to make five is due this week. Good luck good luck to all, WHATEVER you are! (John Zacherle 1918 to present, and still kicking). You think you can do better! That's not my hunch, and I want my hunchback.
Date Time (ET) Statistic For Actual Briefing Forecast Market Expects Prior Revised From
Oct 29 8:30 AM Personal Income Sep - 0.5% 0.6% 0.1% -
Oct 29 8:30 AM Personal Spending Sep - 0.6% 0.4% 0.5% -
Oct 29 8:30 AM PCE Prices - Core Sep - 0.1% 0.1% 0.1% -
Oct 30 9:00 AM Case-Shiller 20-city Index Aug - 1.5% 1.7% 1.2% -
Oct 30 10:00 AM Consumer Confidence Oct - 73.0 72.5 70.3 -
Oct 31 7:00 AM MBA Mortgage Index 10/27 - NA NA -12.0% -
Oct 31 8:15 AM ADP Employment Change Oct - 135K 140K 162K -
Oct 31 8:30 AM Employment Cost Index Q3 - 0.5% 0.5% 0.5% -
Oct 31 9:45 AM Chicago PMI Oct - 50.0 50.4 49.7 -
Oct 31 10:30 AM Crude Inventories 10/27 - NA NA 5.896M -
Nov 1 7:30 AM Challenger Job Cuts Oct - NA NA -70.8% -
Nov 1 8:30 AM Initial Claims 10/27 - 375K 375K 369K -
Nov 1 8:30 AM Continuing Claims 10/20 - 3250K 3249K 3254K -
Nov 1 8:30 AM Productivity-Prel Q3 - 2.0% 1.6% 2.2% -
Nov 1 8:30 AM Unit Labor Costs Q3 - 1.0% 1.1% 1.5% -
Nov 1 10:00 AM ISM Index Oct - 50.5 51.0 51.5 -
Nov 1 10:00 AM Construction Spending Sep - 1.0% 0.8% -0.6% -
Nov 1 2:00 PM Auto Sales Oct - NA NA 5.3M -
Nov 1 2:00 PM Truck Sales Oct - NA NA 6.3M -
Nov 2 8:30 AM Nonfarm Payrolls Oct - 135K 125K 114K -
Nov 2 8:30 AM Nonfarm Private Payrolls Oct - 145K 125K 104K -
Nov 2 8:30 AM Unemployment Rate Oct - 7.9% 7.9% 7.8% -
Nov 2 8:30 AM Hourly Earnings Oct - 0.2% 0.2% 0.3% -
Nov 2 8:30 AM Average Workweek Oct - 34.5 34.5 34.5 -
Nov 2 10:00 AM Factory Orders Sep - 5.0% 4.5% -5.2% -
With indicators for 29 and 30 October slightly positive, we should be off to a good start tomorrow macro economically, to juxtapose against the damage assessments refined and coming in support of Sandy. About the only segment to take a hit would be insurers--the rest is perversely economically a sweet rather than bitter pill.
My take is something south of $20 Billion in damage was done--there's a lot of washed up homes, but only 39 or so dead if I can use the world only---compared to Japan or China catastrophe--there just isn't anyway to measure, those folks lost hundreds of billions and thousands of people in common disasters that dwarf this one. We are so pampered.
All that infrastructure needs to be rebuilt instead of make work, real damage reclamation.
The big deal is whether job stats make it out by Friday, are published next week before the big vote, or skipped altogether till post election. My feeling is, having left California out last time, those numbers are going to be more than mildly disappointing to the current regime. I can see Biden running around the seat of LABOR yelling "everybody take the rest of the week off".
Silver after sinking like a stone, leveled out in neutral after making leaps and bounds. If you could have traded you'd have made money.
Anybody dead is a tragedy, but perspective may be in order. Quakes in China and Japan's meltdown killed 100's of 1000's with 10X the damage--ritually.
Key in places like Manhattan will be, what does salt water do to foundations all those skyscrapers built when dinosaurs ruled the big screen via stop action? Key to our futures will be, what happens to the POS, which declined yesterday about 1.3%, and is up today about 1/2%? Is the world ready for the US to be on vacation for another whole DAY???
Time to do laundry. Priorities priorities.
Hey you know jobs are dying, no say means they no lyin'
So last report, howm so fowl.
Still helps Barack.
What makes you think 7.8 is the number?
When California, demurred and went home and then slumbered
Just Wait and See.
Friday's Labor Report, They Just Might Not Publish
Hey Ladela, that helps Barack.
That Helps Barack
Well look out now
That Helps Barack
Well I can see it coming boys you bettah get a runnin'
All right now
(That Helps Barack.).................................................................................................
In honor of YDM who hasn't published any lyrics in a while. Labor may not get away with not publishing the last report until the election, but, can't let that happen in this thread.
Barook, Mitt Robme, and Bernnookie don't need any help. The Three Stooges can drive the US into the toilet of depreciated currency, all by themselves, there isn't a snit of difference between them, the Senate and the House have been taken over by terrorists--we call them "Congressmen" I believe. Both candidates are masters of borrow and spend, just different subject matter--one believes the middle of a Depression is just the right time to spend trillions on health care nobody asked for, and the other wants $2 TRILLION to fight Russkies bankrupt since 1978, and DOA circa 1990.
This weather is the time we all come together as Americans and do what we do best--rob the poor and loot your neighbors. I'm surprised the White House hasn't authorized bombing the East Coast, it sure would be good for construction, and we all know that segment could use a boost.
I don't mind the US empire dying, but all this wailing and gnashing of teeth is getting on my nerves.
All well and good, but if you think there's anything like substantive difference between the two major candidates you are deceiving yourself. They've both been vetted by the oligarchy and will dance to whatever tune gets called. Think not? Then explain how it is that Barack Obama is still carrying out the "Bush" agenda, maybe with a bit less quirkiness. Dick Cheney said as much.
crash crash, crashity crash......Sing to a 1 4 5 progression over and over and over--guess who let the HFT lights on when the human beinks have left the buildings?
As those triggers are pulled throughout the next two to three days, with nary a human in sight, I wonder what is going to happen. Do you think the Londoneers are going to take over for the NY'ers seemlessly? Hey! They can't even find a dentist!
Think letting go of the steering wheel at 90 MPH. For a while you go down the road with nary a slip, then wider and wider angles, till finally......Crash crash, crashity crash WHOA crash, crash crash, crashity crash--WHOA CRASH crash crash, crashity crash------
The hurricane will leave devastation of one kind in its wake. Like it or not, the rest of the world depends on US lead, however undeserved.
And say I am wrong and the market carries on in orderly fashion without all those New Yawkas at the helm? All those salaries and bone#$%$?
Can you say unnecessary redundancy boys and goys?
I shall be looking to crapitalize on any market distortions arising from Sandy. The ones in the market, and the ones concerning the marketeers.
After announcing all night long that the market will be open at an electronic back up center near you, none of that is mentioned and NY appears closed. What is true is everyone is looking forward to the holiday and is stocking up on food, water, and scuba gear. This is still a Cat 1 storm, Floridians shake their heads, Andrews circa 1993 was a Cat 5 finger of god that caused $26B in damages when the dollar was worth two dollars today's sorry valuation.
I recommend drinking heavily. And I was premed for half year, I know about these things.