Many were waiting today for the FED announcement at 2:15pm regarding interest rates and especially would QE2 continue with the economy showing definite signs of recovery. As you read below, QE2 is alive and well and continuing as planned, which further attests to our bullish view on the market for 2011. With the economy doing better and QE2 continuing, its…
Trading action should pick up next week as trading desks will be full for the first week of the year. On the economic front, watch for the ISM Index, FOMC Minutes, ISM Services, and Non-farm payrolls. Earnings season won’t pick up until the following week but look for reports from Mosaic (MOS) and Monsanto (MON). Monday, January 3 US Economics…
Under Bush in 2007 the deficit was $275 Billion. Under Obama in 2010 it appears to be more like $2.1 Trillion. Just like unemployment never went over 10%, yet we showed on this blog proof that it did, and actually really was ( and is ) much higher than that. BK By BRUCE BARTLETT, The Fiscal Times When federal finances…
Here we have the Fed opening the window with swap lines to others like the ECB. In the 2008 Financial crash the amounts lent to the ECB totalled hunderd of billions a week at times. Here we go again. Bloomberg Fed Extends Swap Lines With ECB, Other Central Banks December 21, 2010, 3:51 PM EST (Updates with comment from economist…
Monday there will be dual POMO days as the Fed will pump of $18 bln into the market. On the earnings front watch for reports from Jefferies (JEF), Adobe (ADBE), Nike (NKE), Walgreen (WAG) and Carmax (KMX). Monday, December 20 US Economics No Economic Releases Global Economic Data Bank of Japan Monetary Policy Meetings German Producer Prices Euro-Zone Consumer Confidence…
Fred sent me this tonight. This is awesome and explains it simply and then some. Perfect timing! Totally funny too and explains the FED as well. Buy weakness in the markets. We are most likely in a bottoming area.