Jobless Claims Fall to Lowest Level in 36 Weeks [View article]
"A comparison of the recent 110,750 decline to the last two recessions in the chart above, suggests that claims have been falling pretty sharply, and not "painfully slow," especially compared to the 1990-1991 recession."
yes smart a...but the number of unemployed is much more higher today than in 1990-1991. We don't only live in a "second derivative" world you know.
Also, not because your Flynt neighbour can now sell his home at $7000 as opposed to $6000 at the bottom that this means that the Michigan unemployed and owners of $7000 worht houses will spend their way out of that depression.
Not only are we not seeing the premise of the improvement, but also, were are definitely pointing to double-dip (given the recent unemployment, PPI and most importantly ISM).
If the stimuli are not bringing any positive effects, we'll have to face the tough reality that stocks are poised to suffer unprecedented drop over the next few quarters.
Home Inventory Measure Falls to April 2007 Levels [View article]
"The best news in yesterday's housing report..."
Here is a great example how "kool-aid" drinkers like to cherry pick on what ever data that would enable them to talk their book and shout that "things are improving!!!".
Thanks one again for a well-thought article Dr. Perry
Bloomberg U.S. Financial Conditions Index Reaches Highest Level Since October 2007 [View article]
Perry, Michael Jackson was living in Neverland drinking his "little milk" and thinking he was gonna get away with it. At some point, you are gonna have to stop drinking your magic drink.
First and foremost, Santa Claus does not exist. Second, look out at you Flint, Michigan neighbors and tell me if their financial conditions are improving.
When reality strikes back, the people still thinking this market is Neverland will feel pretty awful.
Shame on you for promoting crappy and unreliable information.
Mississippi Has Higher Per Capita GDP than EU, Japan [View article]
Flint, Michigan, the world's greatest city in the world's greatest state. I wonder how many people in Flint are feeling like they have purchasing power professor when they only thing they own is a dog and a gun?
81 Bank Failures So Far in 2009: But It's All Relative [View article]
Caveat: This analysis "assemblage of garbage" (like all other posted by this author) simply shows the number of bank failures per year (or whatever the author want the poor souls to believe), and (as always) could obviously be supplemented with data on the number and size of bank failures (or more accurate fundamental and unbiased figures).
Lowe's Companies (LOW): Q2 EPS of $0.51 misses by $0.03. Revenue of $13.8B (-5%) vs. $14.3B. Issues downside Q3 EPS guidance of $0.21-0.25 vs. $0.27 consensus. Issues downside FY '10 EPS guidance of $1.13-1.21 vs. $1.23 consensus. (PR) [View news story]
Oops, wall-street analysts forgot to trim their expectations on this one. A missed opportunity to have people believe that things are "better than expected" guys. Nice green shoots by the way.
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Latest | Highest ratedDown Fridays [View article]
Down Fridays [View article]
Is Another October Surprise in the Works? [View article]
I'd say about 31 days
Jobless Claims Fall to Lowest Level in 36 Weeks [View article]
yes smart a...but the number of unemployed is much more higher today than in 1990-1991. We don't only live in a "second derivative" world you know.
Also, not because your Flynt neighbour can now sell his home at $7000 as opposed to $6000 at the bottom that this means that the Michigan unemployed and owners of $7000 worht houses will spend their way out of that depression.
No Chance of a 'V' Recovery [View article]
Not only are we not seeing the premise of the improvement, but also, were are definitely pointing to double-dip (given the recent unemployment, PPI and most importantly ISM).
If the stimuli are not bringing any positive effects, we'll have to face the tough reality that stocks are poised to suffer unprecedented drop over the next few quarters.
Will October's Market Mimic September's Comeback? [View article]
Home Inventory Measure Falls to April 2007 Levels [View article]
Here is a great example how "kool-aid" drinkers like to cherry pick on what ever data that would enable them to talk their book and shout that "things are improving!!!".
Thanks one again for a well-thought article Dr. Perry
Bloomberg U.S. Financial Conditions Index Reaches Highest Level Since October 2007 [View article]
First and foremost, Santa Claus does not exist. Second, look out at you Flint, Michigan neighbors and tell me if their financial conditions are improving.
When reality strikes back, the people still thinking this market is Neverland will feel pretty awful.
Shame on you for promoting crappy and unreliable information.
Mississippi Has Higher Per Capita GDP than EU, Japan [View article]
81 Bank Failures So Far in 2009: But It's All Relative [View article]
Richmond Fed Still Sees Recession Ending [View article]
What Will Fuel the Next Market Rally? [View article]
Re: Madness
Lowe's Companies (LOW): Q2 EPS of $0.51 misses by $0.03. Revenue of $13.8B (-5%) vs. $14.3B. Issues downside Q3 EPS guidance of $0.21-0.25 vs. $0.27 consensus. Issues downside FY '10 EPS guidance of $1.13-1.21 vs. $1.23 consensus. (PR) [View news story]
Preview from Europe: Is the Summer Rally Over? [View article]
What Kind of Market Rally Is This? [View article]
The kind that's playable by casino players, wall-street speculators and mad investors.