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.
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.
ReplyDeleteIt'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.
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.
ReplyDeletehttp://www.scribd.com/fullscreen/91764042
ReplyDeleteHugh Hendry..
Weekly 3LB Update 4/27/12
ReplyDeleteIt'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.
ReplyDelete...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.
ReplyDeleteI was right.
ReplyDeleteChicago PMI 56.2, previous 62.2, consensus 60.8
Now I expect rumors of QE3 to increase (again).
ReplyDeleteOuch! Dallas Fed Mfg -3.4 previous 10.8
ReplyDeleteOther results in Dallas Fed Mfg:
ReplyDeleteProduction 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
The EURCHF has been sitting just above its peg (1.20) for too long. Something has to give.
ReplyDeleteDaily summary: bears feasted.
ReplyDeletePerfect daily summary AR.
ReplyDelete"Sell in May, Go Away-During Election Years?'-bespokeinvest.com
ReplyDeleteThat ISM Report just reminded the bears of what it feels like when no lube is applied.
ReplyDelete????? Nothing while away? I see the bulls decided to stampede the bears today.
ReplyDeleteAnyone see these guys who tried to blow up the bridge. Bunch of morons.
ReplyDeleteAndy T
ReplyDeleteThey didn't even test to see if it was the real thing.
ADP 119k, consensus 183k, previous 201k (revised from 209k).
ReplyDeletehttp://www.rttnews.com/CorpInfo/EconomicCalendar.aspx
ReplyDeleteFactory orders do a walkabout...
BinT
ReplyDeletePlus the revision going negative didn't help matters.
Aubrey McLendon....shaking head.
ReplyDeleteWould you want your CEO running a hedge fund on the side?
WTF?
I think Weekly Claims will be revised higher by 8k so tomorrow can beat by 1k (aka comes in at 395k).
ReplyDeleteAndy,
ReplyDeletethe 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
probably if you are CEO of anything outside of that team in Dallas
ReplyDeleteyou don't want the Maverick label......
Junior Seau commits suicide (gunshot to the chest area). Damn.
ReplyDeletenew thread
ReplyDelete