Economic *** shitstorm *** starts next week

dooooooom dooooooooooooom ~ ~ DOOOM!!!!! HWAHWAHHAHA!

we need you back in may 6th style eat...bring it on.

K. Just for you.

Hey EAT, cheers.

Cheers, bra.

hmmmm scratching chin in rememberance of the EAT infamous north Korea thread from months ago...

Earnings will surprise on the upside. Look for new multi-year highs on the major indices by late July early August!

What is your source?

Probably apple or spaghetti....

Hi Friend! Howz the lake?! :)

correct look at Japan's economic output. Its going to be bad really bad.

Just look at the charts. We are poised for a massive upside move.

Yeah the economy and everything else sucks, but charts don't lie.

Wall street always does the exact opposite of what you think it will do. Hence, the reason they make all the money.

What charts give a reference as your stand-alone statement sounds as if it is from Pollyanna Ville so please qualify your statement with factual sources?

SilverPatriot, just a hunch or guess. Look at how the weekly charts look on major indices & individual weeekly charts of leading momo. stocks. I could definitely be wrong & earnings could be terrible as well as forward looking guidance however I believe we will have one last push higher before a rough 4th quarter.

I called the rough June we had in the market when I posted on Eat's thread. Go back & try to find that thread.

Important economic data will be released next week from many top economic countries. Follow the action on forexfactory.com & pull up economic calendar & watch closely China's economic numbers. There is a release today by China which people will be watching closely.

Also watch earnings season by going to earningswhispers.com & pulling up free earnings calendar. Earnings start next week with some heavyweights reporting on mid-week. However the bulk of the heavyweights report July 18th - July 28th. If these companies report better than expected or even good guidance going forward it's my opinion it's off to the races with the market. Look at how poorly the unemployment numbers were & I believe other prior economic numbers were also revised downward & yet the markets refused to selloff strongly & closed well of it's lows on Friday. I don't understand how these corporations continue to make their earnings in such a terrible employment climate but they have been quarter after quarter?



Please don't invest based on my opinion of the markets. The last thing I want is to see people lose money based on my opinion which has been wrong many times!

I believe companies are making profits by laying off personnel, which skews the profit margin in favor of the company making it appear more lucrative than it really is. Further most companies are not showing indications of potential rehiring such as overtime. Next, you look at companies rearranging and closing down divisions and routing the work elsewhere this too boots the bottom line without having actually increased production.

Bank of America to close print operation in Malden - 150 Job Cuts
[link to www.dailyjobcuts.com]

That should only work for 1 or 2 quarters not for multiple quarters. The consumer is still buying which I can't grasp my head around if employment is so bad.

Check some of the large companies and plot their division closings and layoffs and not that the charade can continue for quite awhile. Further, Americans are purchasing needed items but holding off on big ticket items however exportation of American manufactured goods is low because we do not manufacture much anymore.

The simple fact is most Americans choose to purchase cheap goods from China and will forsake quality, safety of materials in order to “save” money. Perhaps you should research the housing market and note how many people are foreclosing if you believe employment to be sufficient. Then go on YouTube and search obamaville and see the sad picture of America not seen in the MSM.

The simple fact is most Americans choose to purchase cheap goods from China and will forsake quality, safety of materials in order to “save” money.

S&P Retail Index-$RLX- new alltime highs
Coach-COH- new alltime highs
Chipotle-CMG- new alltime highs
Starbucks-SBUX-new alltime highs
Apple-AAPL- near alltime highs
Panera-PNRA-new alltime highs
Tiffany-TIF-new alltime highs
Louis Vuitton-LVMUY-near alltime highs
Nordstroms-JWN-near alltime highs
Dow Jones Tran. INDEX- near alltime highs
Dow Jones Real Estate INDEX- just broke roughly a 2.5 year high
Macys-M- multi-year highs
Amazon-AMZN- new alltime highs
Bed Bath & Beyond-BBBY-new alltime highs
Mastercard-MA-near alltime highs
Visa-V-near alltime highs
American Express-AXP- near alltime highs
Nike-NKE-newalltime highs
Lululemon athletica-LULU-near alltime highs


I am scratching my head & can't understand what I am missing! The consumer is buying & spending & many for luxury items that are clearly not necessities! Let's see what the next 3 weeks brings in terms of earnings to better judge the economy. Unemployment is very high no doubt BUT consumers still spending faster & more than ever?

I don't know which direction the stock market is going to go in the next 3 weeks. All depends on earnings & new economic data going to be released but with all the news about how bad things are & I know the employment picture is terrible who is buying?

Last Edited by eagleman on 07/09/2011 04:35 PM

for you eat!!


Go back to your gay bath house!!

It is nice you can see a few good performers in the stock market however how many had lain off people or closed divisions to raise their bottom line. Although as you have stated in your post, ”Dow Jones Tran. INDEX- near all time highs” is currently true we have yet to see the damage and fallout from all the fiat money jammed into this from QE1 and QE2.

Unrealistic as your single sighted tunnel vision is concerning our overall economy who know maybe obama will step aside and let a better person lead us out of debt so we can once again start too grow.

Yes of course consumers are still spending they are trying to live their lives and as long as they still have a job they will continue on with their lives doing the best they can. However, those on unemployment and living in homes under the threat of foreclosure or worse in obamaville tent cities throughout the country.

You are correct we need to wait and see what the next few weeks bring and whether obama can successfully continue to lie to Americans and how much deeper he can drag us into debt.

Still waiting for that important economic number (Trade Balance) from China to be released.

Late Friday night China released 2 economic numbers CPI & PPI both numbers beat market expectations.

Also let's see when the forex market opens up tomorrow evening if the U.S. Dollar starts to lose value which in turn will give a boost to the S&P futures.

Last Edited by eagleman on 07/09/2011 08:56 PM

It all collapses September 2011

Maybe.
Even though my guess (hunch) is a positive earnings season I have qqq puts expiring in 2012. I hedge by buying weekly call options on indices & during this earnings season call options on individual stocks. Currently I am down a large percentage on my qqq put investment that expires in Jan. of 2012. Market refuses to stay down!

Last Edited by eagleman on 07/09/2011 09:10 PM

monetary base is doubled in the last two years so the dow should be at 20k or so if companies were doing just as well as they were two years ago

Google earnings next Thursday after market closes (whisper # $8.05 per share). Anyone have any opinions on Google? Just read an interesting article about how Google+ is now taking on FaceBook.

[link to online.wsj.com]

Last Edited by eagleman on 07/09/2011 09:19 PM

google is a NSA company so they should do well until the revolution

If the last jobs report was any indicator, it should be dismal indeed.

Remember, you can't eat silver

The MSM is working with the obama administration shoving feel good fake data down our throats while making a further division between blacks and whites. People need to evaluate the few positive indications side by side with the negative information, and in my conclusion, recovery is a lie.

Whites recover, but the black recession lingers
[link to www.cbsnews.com]