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Market preview: Like parents try to calm an irrationally screaming child, central bankers have...

Market preview: Like parents try to calm an irrationally screaming child, central bankers have smothered markets with soothing words about how they'll continue to keep the liquidity flowing, Fed tapering and PBOC tightening notwithstanding. It seems to have done the trick and the child is comforted, with U.S stock futures and European shares higher. Decent durable goods data have made things even cozier, although watch out for a data dump at 10 ET. The S&P Mini is +0.6%, the Dow +0.45% and Nasdaq futures are +0.6%. Later: Consumer Confidence, State Street Investor Confidence Index, New Home Sales, Richmond Fed Mfg.
Comments (3)
  • Gosho
    , contributor
    Comments (55) | Send Message
     
    I feel like a calm baby sucking the milk from mama's boobies.Thank you dear bankers!!!
    P.S. - the best comparison i've ever read on SA for a long time :)

     

    I apologize for my English.
    Regards,
    George
    25 Jun 2013, 09:24 AM Reply Like
  • Tschurin
    , contributor
    Comments (304) | Send Message
     
    "Like parents try to calm an irrationally screaming child"..this is the second time I've heard the parent/child metaphor applied this morning.to the Fed. Not at all apropos. Perhaps the FOMC is more like an athletic trainer administering performance enhancing drugs.
    25 Jun 2013, 09:39 AM Reply Like
  • Sirvasq
    , contributor
    Comments (271) | Send Message
     
    Your headline writer is challenged. 5 economic reports: durable goods, consumer confidence, home prices, home sales, Richmond Fed, plus China overnight rates falling by 2/3 and stable world market=calm, happy investors.
    25 Jun 2013, 10:26 AM Reply Like
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