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CENTRAL BANK LIQUIDITY KEEPS BULLS HAPPY 0 comments
As Marc Faber reported Monday, two separate packages of over $1.3 trillion LTROs (Long-Term Refinancing Operations: dba "bailouts") in the U.S. & Europe are bullish for stocks. Further, rumors remain the Bank of Japan is privately conducting similar operations and no one really knows what the Chinese (PBOC) are doing.
ISM Mfg Data (53.4 vs 53.2 expected & prior at 52.4) indicates continued slow and steady economic expansion. Unfortunately prices paid remains higher at the same time. Construction Spending (-1.1% vs .7% expected & prior -.8%) was lower and some blamed this on the weather which isn't intuitive.
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