Morning Audibles - 9.14.10

Morning Audibles? (do you know what an "audible" is)?... An "audible", in football terminology is what you see Peyton Manning doing at the line of scrimmage when the sees the defense and want's to call a better play...


Morning Audible for today?... NONE... We're going with the quick count (just stick with the play called in the huddle)... QB keeper "kneel down", on "1", ready, BREAK!



7:30: NFIB small business optimism index for Aug... The median forecast called for a reversal of the small drop reported for July, but the bias of forecasts is to the side of a weaker outcome.
Median forecast (of 9): 89, ranging from 85 to 89; last 88.1...

This number came at 88.8

8:30: Retail Sales (Aug)… We are at the upper end of the range of estimates, apparently translating retailers’ reports into a better outcome than our counterparts.  However, this is a difficult report to predict, especially as revisions often have overriding effects.

On total sales, GS: +0.6%; median forecast (of 76): +0.3%, ranging from -0.3% to +0.6%; last: +0.4%;

On sales ex autos, GS: +0.7%; median forecast (of 74): +0.3%, ranging from -0.2% to +0.7%; last +0.2%.

10:00: Business Inventories (Jul)… The median forecast implies a 1.5% drop in retail inventories as manufacturers’ inventories rose 1.0% and wholesale inventories rose 1.1%.

Median forecast (of 50): +0.7%, ranging from +0.1% to +1.1%; last +0.3%.

Just think... If it weren't for all that "compelling news", this thread would be totally bare...

Just think... If it weren't for all that "compelling news", this thread would be totally bare...

I'm already looking forward to the 4:00 hour so I can have my first THREAD BEER

Can't we get Dionysus to calculate some Elliott Waves for us?

Dionysus would probably say that despite a little weakness on the open this morning, the rest of the chart looks poised to ramp on Thursday & Friday, as the Primary Dealers apply 30x leverage to $27 billion dollars straight from Uncle Ben...

And the aggregate of all these things has DEMOTIVATED CV into declaring this... "National IMPLIED FACEPALM month"...

So raise your glass and drink a toast!