August consumer sentiment is glorious rich. July consumer spending took a big dump in the bed. So...Im bullish....because hopes and dreams of buying things should move stocks more than actually buying things. Bullish!!!!!
wow, I predicted it would print around 2.7% after revisions down from 4.0% intitial. I was way off, its now 4.2%.
Rich, don't look at how it got revised up....you will not believe it. Consumer spending revised up? no. Govt spending revised up? no. Exports up? no. Fixed investment up? YES!!!!!!!!! It wasn't just a good enough that it fixed investment from Q1 to Q2 was up 300%....now its been revised up 400% since Q1!!!!!!!!!!!!!!! bullish!
(I wonder if they have changed buying stock back = fixed investment.....then I believe it increased 400% quarter over quarter)
rich can you get some hats celebrating sp500 2000 made up please. I need something to commemorate it like my dow 10,000 hat from 1999....and 2003.....and 2009....LOL.
c n b c com had a post about how raising interest rates were bullish. I didn't read it, I just went to the comments section which was hilarious. bullish!!!!!!!!
We are done buying US trash debt at the fed level come OCT (until the next 20% sell off wink wink). So....
Will bonds yields go up.....causing stocks to go down.....which will cause yields to go down....causing stocks to go up.....causing yields to go up.......cookoo....cookoo = fed
Good luck out there.
Certainly if you are long big cap equities where your CEO is purchasing shares at all time highs borrowing at all time low rates.....wink wink! bullish jackho2014!!!!!!!!!!
rich your thoughs? on anything? pull over the Porsche and check in once in a while. CAT is rallying monster this month (back to your 109 pot of gold at the end of the rainbow price!!!!)
but look at that price action, bullish!. where is rich, can he explain how deteriorating "fundamentals" (his favorite word) mean higher stock prices across the board?
another day up cat_2_75.....another 2.x million shares traded. ~yawn~ why is it the only action in CAT is when people want out.
July CPI rich....0.1%. You and the tribune were right, there is no more inflation to be heard of ex food/energy. bravo.
Lets stroll down the list of things I care about though as joe public....."food at home" 2.7% running 12 months. "food away" 2.4% running 12 months. "natural gas" 6.9% running 12 months. "electricity" 4.0% running 12 months.
whew......thankfully those ipads, plane tickets, used cars, household furnishings are all declining. that's bullish right?
the volumes on this last peak trough and now peak are great cat_2_75. 2 million at $110 july 21. $8 million on the way down, 6 millions at $99, today back down to 2.7 million approx. $107. how does it go up with no one buying? there sure is a lot of conviction in the selling numbers. (insert janet yellen atm card....1 million shares of CAT please).
did you miss the other day when "everything" rallied. funniest thing, haven't seen it in a couple years. central bankers must be ready on all fronts to keep this lie alive. Also, now that the Ukraine, the rebels, and Russia can just tweet headlines and stock photos of things that may or may not go on, the algos are going to start going mad up and down right? Friday LOL....so good.
whew, that crisis was averted. news this week was Horrible. add global conflicts, mix in some fed manipulated algos (and most likely central bank buying stocks, gold, everything) and everything is going great! have a good weekend rich, cat had a nice week on the worst news ive read since 2008. nothing but up to 160 as far as I can tell. bullish!!!!!!!!!!!!!
I also forgot the "peace" part. I figured you would understand the Charlie brown reference. Everything is going great, oooops yank the football again suckers. those algos are terrible at understanding human psychology.
2 hrs and 38 minutes ago it was fuzzy what was going on. but it was clear exactly where the markets were going and if you were aware you could've made about 7% return in said time. Take the money now and read the BS from the lamestream media later.
Charlie Brown and Lucy with the football pretty much sums up humans. Whats going on rich. CNBC tell us!!!!!
rich, there's a solid pattern forming around the world where the GDP numbers are flat or contracting but stock markets rally anyway. You'll have to explain to all of us about how.... say 20 years ago.... when that news hit the wire, how did stocks react? Im bullish on this global trend forming!
ok rich you got me. one day when betting on the Russell's eventual correction didn't work. everything on my screens is green. everything. gold up. dollar up. treasuries up. oil up, r2k up, cat up. I need to know when the last time that happened, much less everything else being up. I can't understand how the worse the information gets the better "everything" gets. Literally gold and oil and 10 yrs all gave each other the middle finger and rallied against themselves. lol. I would say watch charts, but today you cant watch charts for this. This must be a dream. One side of these "bets" is going to be right, and one side isn't. Hopefully you don't wake up in the nightmare side of that scenario rich. Any help you can give, please, help us!!!!!
rich whats going on with the consumer? they aren't spending anymore. please explain (outside of food and energy) why is spending down in almost every facet of the economy? Remember the "its cold" winter when GDP collapsed. Well June is looking bad for those revised GDP numbers (cant wait until sept!!!!)...but wow July...no gain in consumption. Bullish??????