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The Cellist


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We may have seen the 4 handle on the long bond for the last time.

 

The question now is can the economy and the "recovery" withstand higher rates?

 

How much more perfection can they price into the markets?

dumb and dumber appear to in line at the koolaid stand, eh soup...

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Of particular interest from the report:

 

In Short Supply

 

    No commodities reported in short supply.

 

Up in Price

 

    Aluminum - 2nd month; Aluminum Extrusions; Beef - 2nd month; Brass

- 2nd month; Chemicals; Copper - 5th month; Copper Cathode; Ethylene;

Freight; Natural Gas - 17th month; Nickel - 5th month; Plywood;

Polyethylene Resin; Stainless Steel - 3rd month; Steel - 3rd month;

Steel Plates; and Steel Tubing.

 

Down in Price

 

    Corrugated Cartons - 10th month.

 

If no commodities are in short supply, why is the index steaming ahead, and why is there no inflation?

 

And biggest concern is why are corrugated cartons DECREASING in price? If the economy is truly recovering, the demand and pricing here should be INCREASING. I was always told to watch cardboard boxes as a barometer of the economy.

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Oh yeah, I get it.

 

ISM, which is an informal poll, if you will, shows a positive increase and that's good for a big old market blast.

 

But on the last day of 2003 when we had a bad housing number and other assorted bad news, the SM didn't even budge.

may have to visit one of those voodoo preistist in miami, one from cuba.

 

set her about hedonically defalting frankenpooper.

 

this qualitative non-sense in the ism is freaking maddening.

 

it basically, whatever "they" want it to be.

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If current levels hold, this will be the 8th straight day without a red SPX candlestick.

 

What a set-up for next week.

All that 401k money is going to be coming in and will have to be "put to work" buying equities. Do da boyz want to sell stocks to the sheepsters as higher or lower prices? B)

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