Retail Sales Take Unexpected Drop

n748

http://www.cnbc.com/id/30205958

Banks can cook their book now, but the hard fact is that economy is still going down.

X!nG

现在像极了去年12月中的走法。。。

qiangge

Maxie

I remember, last Dec, unemployment up, stock up, retail down, stock up........

现在像极了去年12月中的走法。。。
X!nG 发表于 2009-4-14 08:39

n748

4# Maxie


should this be the message market needed to cool off?

Maybe it will continue it's run no matter what.


What did the magic last time? I mean what made market change its direction last ime?

X!nG

现在特别像12月18号，今天很有可能开始一个回调，至少到82x，趋势的反转的“动力”是很强的，很多人会因此放弃buy dip的想法，取而代之的是profit taking actions。当然还需要几天comfirm。

另外，今天的数据确实很“强力”，很久没有出完全超出consensus range的数据了，今天的走法会确定是否会掉头向下。

李隆基

(zt)市場到這裡, 已經開始在玩誰接到最後一隻老鼠的遊戲, 大多滿手現金的賭客站在門外聽見賭場內不時傳出的激情快樂聲, 實在痛苦? 我就是在門外的那位, 但門內清醒的人己經在門口準備了吧!

Maxie

市場到這裡, 已經開始在玩誰接到最後一隻老鼠的遊戲

老九

This number supports my previous predictions that, the banking sector maybe stabalized either by accounting change or real improvement, the economy is going to drag them down again and hard just like during the depression era.  Stock markets may still try to go higher, but given that average bear market rally is about 20-30%, we may, at most, see another 10% upward movement from here.  

You will also hear OB today talk about more job losses but he will say he saw hope of recovery.  That is political talk.  You should go out and see what is in the real world.  More job losses means less spending for consumers and translates to lower GDP, more bad loans, more foreclosures, etc.