Market News

[weatherweenie]

All three major U.S. stock indexes were on track for their biggest weekly gain since the first week of the year - with the S&P 500 is on track for its ninth positive week out of the past 10. The benchmark S&P index has jumped 10.5 percent over that period and is about 2 percent from an all-time intraday high.

 

[nnuut]

Wooo WOOO do we believe in El Toro?
[h=1]Meredith Whitney tells CNBC she has never been this bullish[/h]March 18, 2013, 5:52 PM

Meredith Whitney tells CNBC she has never been this bullish - The Tell - MarketWatch

 

[nnuut]

March 22, 2013, 10:20 a.m. EDT
Here’s why copper has lost its indicator role

SAN FRANCISCO (MarketWatch) — Dr. Copper, as the industrial metal is known to investors, might be offering Wall Street the wrong economic prognosis, or maybe we’re just misreading it.
Here

 

[weatherweenie]

Jobless Claims Fall More Than Expected, Down by 42,000 to 246,000, Exports Prices Down 0.4%, Import Prices up 0.5%

 

[Buster]

Jobless Claims Fall More Than Expected,

Just wait till all the Laid off government Contractors hit the unemplyment roles and the fall-out from them affecting the private sector..those numbers will shoot up dramatically

 

[Dutchy]

[QUOTE}weatherweenie....Jobless Claims Fall More Than Expected, Down by 42,000 to 246,000, Exports Prices Down 0.4%, Import Prices up 0.5%[/QUOTE]

Only reason they fell is that we now have 90 MIL unemployed. Jobless claims are falling because the unemployed are sitting home, depressed, dismayed and collecting their benefits..

 

[weatherweenie]

Intel reported first-quarter earnings of 40 cents a share on revenue of $12.6 billion.
Analysts had expected the semiconductor company to report earnings of 41 cents a share on $12.59 billion in revenue, according to a consensus estimate from Thomson Reuters.

 

[tsptalk]

INTC - Mostly flat after hours assuming it's trading.

 

[weatherweenie]

Fed's Lacker: Economic Growth Looks to be Trending Around 2%; Should Stop Fed Bond-Buying Program Richmond Fed President Jeffery Lacker told CNBC Thursday that "if you made me dictator" the Federal Reserve would stop its massive bond-buying program.

 

[weatherweenie]

Jobless Claims Rose by 4,000 to 352,000, Slightly Higher Than Expected

 

[weatherweenie]

Goldman Sachs on Tuesday reversed its high-profile call to short gold, which it made two weeks ago, just before the metal sunk into bear market territory. The firm's commodities research team said the decline in gold was more rapid than it expected, and it exited the trade with a potential gain of 10.4 percent, below its original target price of $1,450.

 

[weatherweenie]

Apple® today announced financial results for its fiscal 2013 second quarter ended March 30, 2013. The Company posted quarterly revenue of $43.6 billion and quarterly net profit of $9.5 billion, or $10.09 per diluted share. These results compare to revenue of $39.2 billion and net profit of $11.6 billion, or $12.30 per diluted share, in the year-ago quarter. Gross margin was 37.5 percent compared to 47.4 percent in the year-ago quarter. International sales accounted for 66 percent of the quarter’s revenue.

 

[weatherweenie]

Orders for long-lasting manufactured goods recorded their biggest drop in seven months in March and a gauge of planned business spending rose modestly, adding to signs of a slowdown in factory activity.

 

[weatherweenie]

Initial claims for state unemployment benefits dropped 16,000 to a seasonally adjusted 339,000 the Labor Department said on Thursday. The prior week's number was revised to show 3,000 more applications than previously reported. Analysts had expected 351,000 new claims last week

 

[weatherweenie]

Economy Grew 2.5% in First Quarter, Which Was Below Expectations of 3.0% Growth

 

[RealMoneyIssues]

Economy Grew 2.5% in First Quarter, Which Was Below Expectations of 3.0% Growth

Which means we are going to have the final boost we needed to head to new market highs.

 

[weatherweenie]

Southern Europe’s Recession Threatens to Spread NorthNo company symbolizes German industrial might like Daimler, the giant maker of Mercedes-Benz autos and trucks. So when the company said this week that it, too, had finally been caught in the downdraft of the European economic crisis, it was an ominous sign for all of the Continent, if not the whole world.

 

[weatherweenie]

Which means we are going to have the final boost we needed to head to new market highs.

I would think it's just the opposite, unless you assume Uncle Ben will ride to the rescue again?

 

[RealMoneyIssues]

I would think it's just the opposite, unless you assume Uncle Ben will ride to the rescue again?

In this market, good news is good and bad news is good... Besides, 2.5% vs 3.1% isn't like a huge miss or anything...

POMO today:
[TABLE="width: 100%"]
[TR="class: odd"]
[TD]Fri, Apr 26, 2013[/TD]
[TD]Mon, Apr 29, 2013[/TD]
[TD]Outright Treasury Coupon Purchases[/TD]
[TD]05/15/2020 - 02/15/2023[/TD]
[TD]$2.75 - $3.50 billion[/TD]
[/TR]
[/TABLE]

 

[weatherweenie]

In this market, good news is good and bad news is good... Besides, 2.5% vs 3.1% isn't like a huge miss or anything...

POMO today:
[TABLE="width: 100%"]
[TR="class: odd"]
[TD]Fri, Apr 26, 2013
[/TD]
[TD]Mon, Apr 29, 2013
[/TD]
[TD]Outright Treasury Coupon Purchases
[/TD]
[TD]05/15/2020 - 02/15/2023
[/TD]
[TD]$2.75 - $3.50 billion
[/TD]
[/TR]
[/TABLE]

Part of the acceleration in activity reflected farmers' filling up silos after a drought last summer decimated crop output. Removing inventories, the growth rate was a tepid 1.5 percent.