Market Talk / Nov. 12 - Nov. 18

8:33am ET S&P futures vs fair value: +2.1. Nasdaq futures vs fair value: +1.8. As expected, retail sales fell for a second straight month in October, checking in with a 0.2% decline (consensus -0.4%), while sales, ex-autos, fell 0.4% (consensus -0.3%). Meanwhile, total PPI fell a much larger than expected 1.6% (consensus -0.5%), while the more closely watched core rate unexpectedly fell 0.9% (consensus 0.1%), suggesting inflation at the wholesale level remains contained. So far, the reaction in stocks has been positive, as futures indications now suggest a slightly higher open for the indices. Bonds are catching an even bigger bid as the 10-year note is now up 10 ticks to yield 4.56%.
 
Once again the ED is not even close to the expected or forcasted numbers, but PPI is way down.

PPI -1.6% Expected -0.5%

Core PPI -0.9% Expected +0.1%

:nuts: :blink: :embarrest: :D
 
I just love the smell of bull manure in the afternoons - will we rally strongly in the next two hours. It's time again to kick up some heineken.
 
Ya, watch out for jumping bears - they are caught in a tight bull pen. They would rather bail then feel the horns. This could be part of a panic buy program going on from institutions. Snort.
 
15:30 ET Dow +79.24 at 12211.12, Nasdaq +16.24 at 2422.62, S&P +7.57 at 1391.99: [BRIEFING.COM] Onward and upward remains the driving mantra over the last 45 minutes of trading as short sellers continue to run for cover. Of the nine sectors now in positive territory, Consumer Discretionary leads the way with a 1.0% gain with Technology fresh on its heals up 0.9%. The only sector failing to participate in this afternoon's rally is Materials, as evidenced by Gold (-1.5%) and Diversified Metals & Mining (-1.1%) turning in some of today's worst performances. Nasdaq +16.24 at 2422.62... NYSE Adv/Dec 2297/942... Nasdaq Adv/Dec 1807/1209.
 
How about that- the "S" fund finishes stronger than the "I" for the day.

"S" up +1.07%.

Wow.
 
Daily Yak

The Kingdom of TSP
Daily Edition
November 14, 2006 Closing

Yak, Doodles, Tea Leaves & The Tin Box

Kingdom Yak:
Pro-Yak....................................Them bears are really getting abused!

Con-Yak...................................Dang couldn't buy a dip if you wanted to!

Jester-Yak................................Who spilled the glue on the lilly pad?

Doodles:
Socks [$SPX] Closed at..............1393.22, up +8.80
Stops......................................Alert: 1380. Trail: 1367
Trend (MACD-Hist)....................increasing at +0.282.
Overbought/sold (S-STO)...........[80] 82.84 [20] increasing.

Lube (NYM) Closed at.................58.28, dn -0.30
Oil Markers...............................<70= ok, 70-75= worry, >75= panic.

Tea Leaves:
Yakndoodles.............................Green.

Tin Box:
TSP........................................Safe; capital preservation.
 
Wild action in Home Depot today. Figured it was going to be more of the same as they reported a 3% drop in profits. The stock started out down over a percent. Finished the day up over 4%!
 
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