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brickcityman (< 20)

Thought O' The Day

Recs

7

December 01, 2010 – Comments (4)

Is it me or does today's US market action look like the sort of excited gasp that people take when they think they are about to be pleasantly surprised?

 

Think, for example, of the brief moment of giddy euphoria experienced by a young boy who, upon seeing the presents under the Christmas tree, realizes that the biggest box has his name on it.  Or perhaps about the woman in her late 20s or early 30s whose boyfriend of untold months lunges towards the ground while spending an evening out.

 

Sure these things are most often followed by a fairly predictable course of events...  The wrapping paper is torn away to reveal the top item on the list to Santa.  Or the boyfriend starts stumbling through an ill-rehearsed sequence of sentences while reaching into his pocket to reveal a velveteen box.  And in turn our hero (or heroine) has their brief moment of shocked silence followed by an emotional outburst spurred on by the realization that all will soon be right with the world.

 

If my hypothesis is correct then we need only ask...  What's in the box?  And will it vindicate our hero(ine)'s initial reaction?

 

CNBC seems to think that the ECB is about to proclaim that socialism pares well with capitalism... And following the U.S. example, decide that socialized risk and private reward has a nice ring to it.  

 

Who am I to say what will or will not happen... Given my record to date I'm sure the Bulls are about to be vindicated and we can all ring in 2011 with similar print on the S&P. (yes that was sarcasm I'm not making a wild upside call).  But it's in my nature to wonder......

 

What if Jean Claude Trichet was only about to tie his shoe?

4 Comments – Post Your Own

#1) On December 01, 2010 at 6:07 PM, davejh23 (< 20) wrote:

This morning's online headlines noted that the market was up on a huge U.S. commitment to the IMF and bailout of Europe...turned out to be a rumor. 

Headlines also noted that auto sales are rebounding...good times are here again!  Turns out that GM sales YoY are actually down and dealer inventory is up 45%.

Headlines also noted that the ADP employment numbers look good...with a big "BUT...", planned layoffs are higher than expected. 

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#2) On December 02, 2010 at 9:22 AM, lemoneater (75.21) wrote:

Whenever the market jumps the next day gas prices usually jump. Not surprisingly, gas was high this morning again. I used to spook my husband by telling him gas would be high the next day. The high accuracy of my predictions puzzled him until I told him my secret. 

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#3) On December 02, 2010 at 9:58 AM, brickcityman (< 20) wrote:

Now come on lemoneater, you mean you just gave up the correlation so easily?  ... If it were my wife I'm sure she would milk it for all its worth  ;-)

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