Let's see...since my last post some important economic numbers were released:
Q4 GDP-ADV 3.5% - one may say this is good news but in my opinion this is a rear view mirror number...who cares how strong the economy was in Q4 2006 - may as well have been 100 years ago!
Jan Chicago PMI 48.8 - now this is a forward looking number & below 50 is indicative of a soft economy. The street was looking for 52! Stay tuned.
Some other noteworthy stuff - crude oil rallied back to ~59. Gold made a 6 month high (sold off hard after doing so).
Finally...I am taking the Bears +7 and the money line +210. I think the Bears roll tonight.
2 comments:
great stuff. Good to read some comments about recession that are not 100% focused on housing market bubble. Too bad about the Bears
Big news on Thursday - HSBC upped their loan loss provision by 20%...first bank to substantially do so - as far as i know.
I was feeling pretty good after the 1st quarter! After that it was a long slow game. Oh well. Less than a week till pitchers & catchers report.
Post a Comment