When the Chinese PMI numbers came out last night and showed that the export index crossed over into expansion territory, global equity markets were off to the races. Domestically the S&P 500 closed up another 2.58% and, more importantly, closed above the 200-day moving average for the first time in 524 calendar days. Commodity prices, crude especially, have been on an absolute tear recently. But now we’ve come over 40% in less than 3 months and the trillion dollar question is has this all been pure speculative lunacy or is there organic growth taking place. When you’ve seen seemingly endless amounts of artificial sweetener dumped on the economy, how can you really tell? Unemployment is on the way up- even if you account for the over 1 million people being hired for the 2010 census that are netted against the non-farm payrolls number. Housing prices, on average, are falling and with more foreclosures on the horizon, they don’t look like they’re headed in any other direction but south. On the other hand, there are businesses out there that are running more efficiently and the product pipeline in technology over the coming weeks and months could legitimize those gains. But for everybody else that has just been along for the ride, when do they get bounced? About the only that is clear is until we stop with the economic Sweet n Low, Equal, and Splenda, what happens next is anybody’s guess.
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- Use the Bloomberg command
NH BLG_DEALBREAKER <GO>
to access Dealbreaker
SHAMWOW!!!
Maybe Bret Michaels would have been the better choice. At least we could have peppered him with questions like whether he has hair under that bandana during the lulls.
Are you kidding me? This site is about wall street gossip. Not lame essays stating the abundantly obvious fact that no one knows where the market is going.
Dig up some dirt or go home.
Greg buddy, you really should do the porn star name thing.
Middle Name + Street you were born on.
Hence, Bess Levin
SHAMWOW!!!!!!!!
And WTF was the point of this post?
All I heard was blah, , blah, , blah..what next?
Get out while you are ahead, Greg. You’ve had a decent first day, so don’t push your luck.
You said it #3. WTF?!
Can we get a courtesy paragraph break or three?
“Federal Government Debt Per Household? $546,668″ http://minx.cc/?post=288016
Macke is back!!! He bought a hummer!!!!
Greg you sort of convinced me that the talk of hyperinflation is way too much hype about something that can’t while we are so close to much more demand destruction. When the banks are done raising capital in the equity markets, watch out.
Otherwise your post lacked the perverted inspiration of someone like Bess.
We’re +40% but we’re still at 68.8% of the 52-week high. +40% is more of a sign of how absurdly low shit tanked and less of a sign of actual growth.
You want growth, show me DOW 12000.
We’ve been fucked with.
Questions ending with periods, a total lack of paragraph breaks, cliche-riddled statements…
We’ve been fucked with.
Keep shorting fuctards. I want the money.
You tell us, Rich Uncle Pennybags. Buy a bunch of SKF, SDS, SRS?
Honestly I really hate these posts talking about how new contributors are awful, but seriously…
“But now we’ve come over 40% in less than 3 months and the trillion dollar question is has this all been pure speculative lunacy or is there organic growth taking place.”
…is likely the worst sentence I have read in a long time. I feel like Dealbreaker has turned into the sales guy who calls me twice a day to pitch me gems like “long Microsoft” or “short Treasuries”. Am I alone here? Let’s keep our eye on the ball tomorrow guys. Also, it’s “most important”, not “most importantly”…
You tell us, Rich Uncle Pennybags. Buy a bunch of SKF, SDS, SRS and just about every other ultrashort out there and watch the great unraveling II take place?
@15- DB has turned into that guy via one post? Do yourself a favor and read things under the byline “Bess Levin.” You’ll feel better (and stupid for having made such a broad generalization).
Bess, we love ya
Honestly I really hate #15 and his/her general sense of douchiness.
“Let’s keep our eye on the ball tomorrow guys”.
…is likely the worst sentence I have read in a long time. Am I alone here? Also, it’s “the new contributors”, not “new contributors”…
How’s that “Obama Portfolio” doing?
oh yea. fuck you.
I gunna get you after work Greg and repeatedly headbutt you.
Jeff Macke
#20
Yes, I too thought this thread was called “The Obama Portfolio.” I wonder why that stopped. Can it be that it wuth thpothed to go down not 40% up, and the Republican idiot who thought the idea up ith thtill too pithed off to admit it. Can it?
@22 It started out a silly joke by EP, mocking BHO’s “call”, but soon got serious as she didn’t expect it to rip her face off with such ferocity.
This post makes me so horny.
Greg, We are going to let Melissa Francis and Abbey Joseph Cohen tag team you with 14 inch strap-on’s.
I find the enthusiasm of Democrat investors touching, but it will take a bi-partisan effort to lift the market.
Ohhhh Greg. Now you done it, boy. You gunna get the secretary treatment real soon, uh huh. Real soon. I would start stretching now.
So now what? Roubini goes back to not getting laid, that’s what.
http://www.europac.net/videoblog.asp?a=watch
Is it me or has this site been lacking some C-Gas lately? GM, take your bankrupt initials and write a few stories about Gasparino’s violent voice mail behavior after having a few Apple-tinis.
CNBC has been lacking some C-gas lately, what up with that?
@31- hmmm, perhaps could that be because C-Gas has been on sabbatical from CNBC/reporting in general?
I have nipples, Greg, can you milk me?
32,
Don’t fool yourself. That swarthy Italian Sausage is getting a hair trim at astor place barber shop. It takes days, nay nearly a week to trim him up and down, proper. Chew on that.
Greg do us all a big fav and go back to assraping your blow-up ladyboy fuck doll – k thanks bye.
Greg is more George Michaels than he is Greg Michaels.