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U.S. Stocks Tumble on Earnings, Data as Treasuries Gain

DA60

DA60

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'U.S. stocks tumbled with European equities as a drop in durable-goods orders and disappointing results from Caterpillar Inc. to Microsoft Corp. heightened concern over the economy’s strength and the outlook for corporate profits. Treasuries climbed with gold.'

U.S. Stocks Tumble on Earnings, Data as Treasuries Gain - Bloomberg



I have said it before, no way the Fed raises rates this year by anything more then a token amount (unless the Fed starts up QE again).

The U.S. economy is NOT strong or even remotely so. It's weak and getting weaker without the government teat to prop it up.
 
U.S. durable goods data signal weaker business spending

'A gauge of U.S. business investment plans fell for a fourth straight month in December, a potential sign that slowing global growth and falling crude oil prices were starting to have an impact on the economy.

The Commerce Department said on Tuesday that non-defense capital goods orders excluding aircraft, a closely watched proxy for business spending plans, fell 0.6 percent last month after a similar decline in November.

Economists polled by Reuters had forecast core capital goods orders increasing 0.5 percent in December.'

U.S. durable goods data signal weaker business spending | Reuters



BTW - the DOW is already down 312 points today.
 
Its all the fault of ' " austerity ".

What we need is more Fiscal Stimulus to" increase aggregate demand "

Lol...
 
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I need two sheets of plywood and some chicken in a biscuit crackers. Maybe that will help stave off the recession if any of you want to pick those up and deliver them for me. It is your patriotic duty as a strong economy is the best defense.
 
Declan said:
I need two sheets of plywood and some chicken in a biscuit crackers. Maybe that will help stave off the recession if any of you want to pick those up and deliver them for me. It is your patriotic duty as a strong economy is the best defense.
Click to expand...

I'm from the government and I'm here to help you. 32 dozen chickens will be shipped with enough flour for 4000 crackers. We have managed to acquire these from Corporate suppliers who have guaranteed that the products will pass various gov't checks, ergo no inspections required. Corporate management has responded by purchasing more of their own stock at inflated prices and will benefit by increased stock bonuses, if they can maintain the stocks at high levels by having the Corporation keep purchasing more of its' own stock. If the chickens are somewhat green, just adjust the preparation with some blue dye to bring back the nice yellow patina. The flour has just the correct amount of animlal/rodent feces to pass gov't inspection. Taxpayers will be affected proportionately and legislators will be given bonuses for a job well done. They will use their bonuses to purchase stock in the chicken and flour suppliers. The chicken and flour will be crated in two sheets of plywood, as per your request.
 
The DOW is down 383 points.
 
The DOW movement on any one day (or even a 5 day review) is not a very bright way to indicate underline issues with the economy or market. You have to look at trends over time, using the economic indicators that you mention. Sure, it is very plausible for durable goods orders and earnings to cause short term changes in the market, but overall we are still seeing the overbought conditions that the QE program gave this economic model. The markets are reflecting movements here and there both positive and negative, and Gold itself has a long way to come back to be reflective of the hedge against inflationary concerns.

DOW 5 yr.jpg
 
DA60 said:
The DOW is down 383 points.
Click to expand...

I don't know what kind of balloon keeps the DOW up. No new industries.
No new jobs. No new products. No great orders. Dollar up ergo no exports.
My previous post addressed that Corporations are buying their own stock,
buybacks don't ya' know. This keeps the stock price up. Then when management
get stock bonuses and sell them, the Managers get good bucks. No new sales,
no new products, no exports, but your own buybacks can keep the stock up.
Smoke and mirrors are not an illusion, but everything else is suspect. Many
state that giving money to the banks makes trickle down work and creates
jobs, etc. Bullcrap! It puts cash in the hands of banks to invest in stocks and
since the stock Corporations don't have more work or jobs, then they keep the
stock up with buybacks. Great plan, like a feedback loop, alas, the end is near.
 
DaveFagan said:
I'm from the government and I'm here to help you. 32 dozen chickens will be shipped with enough flour for 4000 crackers. We have managed to acquire these from Corporate suppliers who have guaranteed that the products will pass various gov't checks, ergo no inspections required. Corporate management has responded by purchasing more of their own stock at inflated prices and will benefit by increased stock bonuses, if they can maintain the stocks at high levels by having the Corporation keep purchasing more of its' own stock. If the chickens are somewhat green, just adjust the preparation with some blue dye to bring back the nice yellow patina. The flour has just the correct amount of animlal/rodent feces to pass gov't inspection. Taxpayers will be affected proportionately and legislators will be given bonuses for a job well done. They will use their bonuses to purchase stock in the chicken and flour suppliers. The chicken and flour will be crated in two sheets of plywood, as per your request.
Click to expand...

I have a a crap ton of flour, so I can add it to my supply. I have tried to make my own chiken N' a biscuits but can't quite get the magic that comes in the little box. All flour is nasty stuff that we would rather pretend is not loaded down with ugh! That is why it is bleached ;) I appreciate your shipments nonetheless. I will gladly reimburse you when the GAO realizes in 2024 I was not billed, which will be followed by a case that makes it all the way to the SCOTUS and back a couple times before I pay pennies on the dollar.
 
DaveFagan said:
I don't know what kind of balloon keeps the DOW up. No new industries.
No new jobs. No new products. No great orders. Dollar up ergo no exports.
My previous post addressed that Corporations are buying their own stock,
buybacks don't ya' know. This keeps the stock price up. Then when management
get stock bonuses and sell them, the Managers get good bucks. No new sales,
no new products, no exports, but your own buybacks can keep the stock up.
Smoke and mirrors are not an illusion, but everything else is suspect.
Click to expand...

QE money is being used to buy back stocks. It is the expectation of short termers that the expectation of long-termers for increased dividends down the road with fewer shares outstanding will cause them to pay more for the stock, which they, in term, pay more for...or something like that--I just ate a banana nut english muffin so the blood is rushing from my brain to the tummy.
 
Declan said:
I have a a crap ton of flour, so I can add it to my supply. I have tried to make my own chiken N' a biscuits but can't quite get the magic that comes in the little box. All flour is nasty stuff that we would rather pretend is not loaded down with ugh! That is why it is bleached ;) I appreciate your shipments nonetheless. I will gladly reimburse you when the GAO realizes in 2024 I was not billed, which will be followed by a case that makes it all the way to the SCOTUS and back a couple times before I pay pennies on the dollar.
Click to expand...


Your talents are wasted. Reasoning of that nature can get you a management position in nearly any Military procurement agency. I don't even think you will be required to pay the pennies. If you are Corporate, the Courts will be required to pay you to manage affairs of bankruptcy, much like the Nuclear Industry final disposal plan. If I were you , I would begin searching for an island tax haven for future security. You might check with Darth Cheney to see if any are available or used up as amortized assets of USA Corporations.
 
DaveFagan said:
Your talents are wasted. Reasoning of that nature can get you a management position in nearly any Military procurement agency. I don't even think you will be required to pay the pennies. If you are Corporate, the Courts will be required to pay you to manage affairs of bankruptcy, much like the Nuclear Industry final disposal plan. If I were you , I would begin searching for an island tax haven for future security. You might check with Darth Cheney to see if any are available or used up as amortized assets of USA Corporations.
Click to expand...

I tried, but Dick said we would have to go out and hunt our own chixens together first, and I like to keep the face birdshot free, so I had no choice but to decline.
 
DaveFagan said:
If the chickens are somewhat green, just adjust the preparation with some blue dye to bring back the nice yellow patina.
Click to expand...

Blue + yellow = green. You have to remove blue to get back to yellow.

You really are from the government.
 
DA60 said:
'U.S. stocks tumbled with European equities as a drop in durable-goods orders and disappointing results from Caterpillar Inc. to Microsoft Corp. heightened concern over the economy’s strength and the outlook for corporate profits. Treasuries climbed with gold.'

U.S. Stocks Tumble on Earnings, Data as Treasuries Gain - Bloomberg


I have said it before, no way the Fed raises rates this year by anything more then a token amount (unless the Fed starts up QE again).

The U.S. economy is NOT strong or even remotely so. It's weak and getting weaker without the government teat to prop it up.
Click to expand...

Yea because the stock market never gets oversold and always indicates the health of the US economy when it goes down. In other news....

Still, the economy remains on firmer ground. In a separate report, the Conference Board said its consumer sentiment index jumped to 102.9 in January, the highest reading since August 2007, from 93.1 in December.

"It supports our view of continued strong job growth into the New Year and that rising wealth levels and lower gas prices are boosting household purchasing power," said John Ryding, chief economist at RDQ Economics in New York.

In another report, the Commerce Department said new home sales jumped in December to their highest level since 2008.
Click to expand...

U.S. durable goods data signal weaker business spending | Reuters
 
Gonzo Rodeo said:
Blue + yellow = green. You have to remove blue to get back to yellow.

You really are from the government.
Click to expand...

Blue dye austerity costs jobs you monster!
 
Gonzo Rodeo said:
Blue + yellow = green. You have to remove blue to get back to yellow.

You really are from the government.
Click to expand...


I'm from the gov't and we have all things figured out. It's like the suit business. You've got
one white suit in the showroom and when a customer asks for a green suit, you turn on a green
light and adjust the mirrors. We also have blue ights and red lights. The smoke generators are
only used when a customer seems pre-occupied with reality.
 
Gonzo Rodeo said:
Blue + yellow = green. You have to remove blue to get back to yellow.
Click to expand...

That is exactly what the CIA wants you to believe.....but is it true?
 
justabubba said:
it's official
the sky IS falling

View attachment 67179558
Click to expand...

Ummm...I never said it was.

I simply was bored and found the opening interesting.

Interesting how touchy people get...I was not even remotely thinking that this DOW opening had any long term significance. It's just another brick in the wall.
 
DA60 said:
Ummm...I never said it was.

I simply was bored and found the opening interesting.

Interesting how touchy people get...I was not even remotely thinking that this DOW opening had any long term significance. It's just another brick in the wall.
Click to expand...

yes, so routine, you began a thread to discuss it
 
justabubba said:
yes, so routine, you began a thread to discuss it
Click to expand...

No idea what you are on about...oh well.

I started the thread because it interested me, I wanted to inform people and I was curious how people would react. Frankly, I thought it might get 2 replies...most people around here seem to care more about arguing about economics, rather then actually studying it.


Good day.
 
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