For a 30 day month, this APRIL sure feels like it's taking awhile.

Sell in May and Go Away bitchez.

Market Commentary 29Apr12


Addenda

Black Keys played Houston last Tuesday, so I couldn't make it on work night. Why do good bands always play Houston on Tuesdays or Wednesdays? Because Houston is not considered 'cool' enough....that's 'why.'  These bands like to hit Dallas or Austin on the good nights (Thurs-Sat) and then play Houston on the way out of Texas on some 'down night.'  Oh well.


27 comments:

Andy T said...

I've enjoyed the Chrome browswer for awhile now. I just noticed last week though, these guys tried to jam some new 'commercial' toolbar called OOVa on there...cluttered up the screen. hate that shit.

It's a slippery slope...when at first you give away something for free and then try to extract money from the users later.

The users end up leaving.

See Facebook as a future example.

AmenRa said...

Thanks for the charts Andy. Market problems intensify with the election in France followed by the end of Operation Twist in June. If Hollande gets elected Spain can forget about getting any help.

BinT said...

http://www.scribd.com/fullscreen/91764042

Hugh Hendry..

AmenRa said...

Weekly 3LB Update 4/27/12

AmenRa said...

It's been awhile since I've seen the first five minutes on a 1-min chart all lower. Usually there is some covering. Not today.

AmenRa said...

...those who pay for Chicago PMI get it 3 minutes early. If the market is falling before the official release then it probably isn't good.

AmenRa said...

I was right.

Chicago PMI 56.2, previous 62.2, consensus 60.8

AmenRa said...

Now I expect rumors of QE3 to increase (again).

AmenRa said...

Ouch! Dallas Fed Mfg -3.4 previous 10.8

AmenRa said...

Other results in Dallas Fed Mfg:
Production 5.6 previous 11.1
Capacity Utilization 1.4 previous 12.3
New Orders -1.0 previous -0.3
Employment 11.8 previous 21.7
Wages and Benefits 15.2 previous 21.0

AmenRa said...

The EURCHF has been sitting just above its peg (1.20) for too long. Something has to give.

AmenRa said...

Daily summary: bears feasted.

Andy T said...

Perfect daily summary AR.

Anonymous said...

"Sell in May, Go Away-During Election Years?'-bespokeinvest.com

AmenRa said...

That ISM Report just reminded the bears of what it feels like when no lube is applied.

AmenRa said...

????? Nothing while away? I see the bulls decided to stampede the bears today.

Andy T said...

Anyone see these guys who tried to blow up the bridge. Bunch of morons.

AmenRa said...

Andy T

They didn't even test to see if it was the real thing.

AmenRa said...

ADP 119k, consensus 183k, previous 201k (revised from 209k).

BinT said...

http://www.rttnews.com/CorpInfo/EconomicCalendar.aspx

Factory orders do a walkabout...

AmenRa said...

BinT

Plus the revision going negative didn't help matters.

Andy T said...

Aubrey McLendon....shaking head.

Would you want your CEO running a hedge fund on the side?

WTF?

AmenRa said...

I think Weekly Claims will be revised higher by 8k so tomorrow can beat by 1k (aka comes in at 395k).

b22 said...

Andy,

the most hilarious part of it is that they keep saying

"he was only ever long nat gas though"

I sat there thinking: well that probably makes him an even bigger loon now doesn't it?

I should have known several months ago when Forbes put out that article about what a "maverick" he was that it was only a matter of time

b22 said...

probably if you are CEO of anything outside of that team in Dallas

you don't want the Maverick label......

AmenRa said...

Junior Seau commits suicide (gunshot to the chest area). Damn.

AmenRa said...

new thread

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