Post by jeffolie on Nov 15, 2013 8:21:12 GMT -6
Deflation today, higher stock trend from QE support 11/15/13
The below 2 dots are connected to create my above thread title. Connecting dots today was obvious and simple plus consistent with the now excessive lack of fear, complacency that the FED under the upcoming appointment of Yellen will continue and/or expand bond buying known as Quantitative Easing, QE to infinity. The CBOE VIX index remains extremely clustered at below 13.00 ... an inverse sentiment warning that stocks are too high and short term due for a correction ... BEWARE: 'stocks can remain irrational longer than the investor can remain solvent' attributed to Keynes.
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Nov. 15, 2013
U.S. import prices decline 0.7% in October
WASHINGTON (MarketWatch) - The prices paid for imported goods fell 0.7% in October, largely because of lower fuel prices, the U.S. Labor Department said Thursday. Economists polled by MarketWatch had forecast a 0.4% drop. Fuel import prices sank 3.4% in October. Excluding fuel, import prices were unchanged last month. The price of U.S.-made goods exported to other nations, meanwhile, declined by 0.5% in October. Also, the increase in import prices in September was revised down to show a 0.1% rise instead of 0.2% gain as originally reported.
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Empire Manufacturing Collapses To Lowest Since January
11/15/2013
The headline Empire manufacturing data missed expectations by the most since January (the 4th month in a row) and plunged to its lowest since January. Across the board sub-indices collapsed (every one of them) into contraction with shipments down from over 13 to -0.5, and New Orders down from 7.75 to -5.5. "Hope" didn't save it this time either as the outlook droped to 3 month lows. Labor market conditions were subdued. The index for number of employees drifted downward for a third consecutive month, coming in at 0.0 in November in a sign that employment levels were flat (falling at fastest rate in 2013). The average workweek index fell nine points to -5.3, pointing to a decline in hours worked. This can only be great news for the bulls and guarantees that the S&P 500 will hit 1800 today...
www.zerohedge.com/
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The below 2 dots are connected to create my above thread title. Connecting dots today was obvious and simple plus consistent with the now excessive lack of fear, complacency that the FED under the upcoming appointment of Yellen will continue and/or expand bond buying known as Quantitative Easing, QE to infinity. The CBOE VIX index remains extremely clustered at below 13.00 ... an inverse sentiment warning that stocks are too high and short term due for a correction ... BEWARE: 'stocks can remain irrational longer than the investor can remain solvent' attributed to Keynes.
==================================================
Nov. 15, 2013
U.S. import prices decline 0.7% in October
WASHINGTON (MarketWatch) - The prices paid for imported goods fell 0.7% in October, largely because of lower fuel prices, the U.S. Labor Department said Thursday. Economists polled by MarketWatch had forecast a 0.4% drop. Fuel import prices sank 3.4% in October. Excluding fuel, import prices were unchanged last month. The price of U.S.-made goods exported to other nations, meanwhile, declined by 0.5% in October. Also, the increase in import prices in September was revised down to show a 0.1% rise instead of 0.2% gain as originally reported.
=====================================================
Empire Manufacturing Collapses To Lowest Since January
11/15/2013
The headline Empire manufacturing data missed expectations by the most since January (the 4th month in a row) and plunged to its lowest since January. Across the board sub-indices collapsed (every one of them) into contraction with shipments down from over 13 to -0.5, and New Orders down from 7.75 to -5.5. "Hope" didn't save it this time either as the outlook droped to 3 month lows. Labor market conditions were subdued. The index for number of employees drifted downward for a third consecutive month, coming in at 0.0 in November in a sign that employment levels were flat (falling at fastest rate in 2013). The average workweek index fell nine points to -5.3, pointing to a decline in hours worked. This can only be great news for the bulls and guarantees that the S&P 500 will hit 1800 today...
www.zerohedge.com/
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