David White After the ORCL/Tech debacle today, a bad Initial Claims # tomorrow could send the markets downward.
12/21/11
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realornot: Certainly...... what do you have in mind? How badly?
12/21/11
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nasalpancho: whats the update real -- still bearish?
12/21/11
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David White: You have to wait for the number. Economic data is often cummmulative. If the Initial Claims# is bad after today's tech debacle ==> bad mkt.
12/21/11
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David White: There should be some residual up trend from all the new liquidity. Also the Housing forecast wasn't adjusted for the new adjustments (-14%+)
12/21/11
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David White: As the market realizes the Existing Housing# was not as bad as the non-adjusted forecast seemed to indicate.
