Factory order came in this morning below expectations. Another sign the U.S. economy is stalling or slipping back.
Tomorrow job numbers are supposed to be ugly - maybe due to winter weather. But ugly is ugly and the trend over the last several months has been very disappointing.
Russia in full press to take over parts of Ukraine and Europe sleeps. Putin won't stop after getting a chuck of Ukraine so Germany better wake up or start smelling Vodka in East Germany again.
Yellen says she plans to taper on, but many think she will be forced to taper on or look like a complete "DOVE".
So why is Spy and Dow up today when overall financial news is lousy?
I believe it simply is because too much retail money is hedging to the downside... I know I'm getting killed shorting the market, and I imagine many others are too.. Once our accounts are destroyed the market will then wipe out the bulls.
Thanks - all good replies but how much longer can old man weather be a Fed excuse? QE Credit - market is addicted to QE but its on the way out. Not today or next month but the Fed will stop the money printing presses. Market is forward looking so don't tell me its all excited about future QE Credit. Board seems to think Ukraine is a non-event. Maybe so since we do any business with Ukraine and not much (compared to Europe) with Russia. But just think how much Uncle Sam has to start paying for increased military/intelligence cost if Russia starts power plays for other neighboring countries. U.S. Fed Deficit will be over 20 trillion if Russia is successful talking over a large portion of Ukraine, since Putin has an appetite for more Russian aggression.
Lastly, if we only get 90,000 - 110,000 job number tomorrow (or around that) Market tanks big time. And I don't see how the Fed can do much if U.S. economy starts to fall back since Bernie used all the bullets. Guess we find out tomorrow which way this crazy stock market is going.