Othewise, he's whizzing into the headwind of irate pops at exactly the wrong time. What he'll say is, I COULD roll this turkey back in a couple three meetings, but now's not the time.
Simple? To keep bathroom in mind, mind YDM's depictation of Urine-pee-ons out there in IMF land. To keep everything in perspective howmsoever, just do a straddle today on just about anything, and be prepared to pull the trigger on the loser quickly and let the winner run.
With retail sales on tap, exports getting cheaper because the dollar rallied, 12,000 less claims for unemployment altho the moving average went up a smidge, I think if YDM were here he'd say we may have a Goldilocks Wednesday -- just enough improvement not to #$%$ the Fed, not enough to trigger the boys next week when they discuss, disconcertedly, all the dirty linen in their outlook for the economy and the end of bond buying, which is a discussion about 36 months in advance of necessity. Silver, by a smidge, is a bright spot in tarnished metals this morning, but the chart is ugly at the fifty percent retracement from the high with lower highs and lower lows, caught in a trading range.
How quick to fall, how slow to rise. GLTA.
After testing waters with "tapering" mortgage bond buying and seeing markets crash the Fed chickened out.
The trade is long for the next 18 months as unemployment ticks up as basements empty of 26 year old teenagers looking for jobs at Walmart with fresh MBA'S the fubdamentals remain stretched but stll augering long.
Looks like shorts may be right but too early to the game. I wouldnt be on the wrong ide of this trade for the next 18 months.
You could be dead, right.
Wonderful. I can't wait for PHT to drop below 10--it will follow the rest of the brain dead crowd right into the toilet and back into 16-18% yield in quick time as the world thinks Bernookie has anything to do with this terrifically run fund.
I don't like the selection at HD, the products at Lowes are laid out more intelligently, and the styles, well if lighting is an example, aren't gothic horror.
That said, if folks buy homes, there's growth at Lowe's. If folks stay put, they make do and upgrade. Lowe's wins.
This is not rocket science. What is dumb is the Fed's sticking the market in the eye claiming it's going to reduce bond buying, thereby ratcheting up interest rates, choking off the housing recovery. China is contracting as of last night all on its own, the worst group failing as a result are overseas markets.
That said, if you're looking for a co with its own internal hedge in economies good or bad, home improvement is the place to be.
Sell some covered call options if you're worried about the dips.
Best hope was bad news on the unemployment scene, but today 31 May all you got is US consumer sentiment, EU is in the toilet again, dollar is improving, which means the US market is headed for the toilet and taking PM with it. Thanks to Bernanke, who like a doctor with a needle. yelled "it's gonna hurt, it's gonna hurt" and pulled the rug out of the bond market by preannouncing bond buying "tapering".
Sometimes it's better not to have so much transparency. Sometimes Daddy and Mommy need to keep quiet. Or am I being too unclear?
Futures retreat slightly while silver forges a 1.3% pop wee hours--Europe reports uptick in confidence still in doldrums--but enough to be positive in the market, but US claims and homes--will "good" news be bad news if the market views that one step closer to emptying the Fed punchbowl?
US is down gen market a smidge pre market, so time will tell.
Fed's buying hand over fist, and saying they don't like it is masking reality. The gen market is taking it in the curlies, there's bargains galore if you want to double down in some really silly price reductions. As meat said, the first inkling of a quarter point and the market deflates the rest of the 3 3/4% points it expects. Today Wed the 29th absolutely nothing but good news, but that means to most the Fed will take feet.
Around fourth quarter 2015, but you couldn't tell that by today's action.
Some things better discussed behind closed doors turned the general market on its ear by lunch 22 May, and it wasn't only the Fed notes. Buried in this mornings Fedspeak YDM's buddy "Bermookie" stated his ending of the buying mortgage backed securities program would turn the market on its ear, and he's worried that the entire four percent in overnight rate pops that might ensue over the next three to four YEARS would all be discounted by the market overnight. Now in the minutes of the meeting they're talking about how to disentangle the Fed from huge asset buying program without destroying the stock market bubble, and it's being reflected in the April notes.
Bad news on the economy is good news, and the only danger of the Fed acting on its plan is believing any good stats that might come out of the government. Another danger, looking for "three to four months" of stability after taking seven years to destroy our economy and banking system with no doc loans and derivatives. People are impatient, and that's like yelling at a cancer patient why they aren't going into remission faster.
This is not going to end well.
Mortgage apps may have fallen last week, and interest rates ratcheting up the cause, but that means at 1000AM Bernookie calls out pedal to the metal and the market roars.
You heard it hear, again.
The folly following anal-ysts. Good quarter, just not great.