This morning, I’ll be on CNBC at 11:00am sharp, discussing the general slowdown in the economy with the lovely Liz Claman.
On today’s agenda:
The Retail sector has had a terrific
run – see the iShares Dow Jones Consumer Goods 2 year chart (IYK) below.We are looking for a 3-4% increase –
comparable to last year’s holiday gains.But this
year, Holiday Retail could end up being the “canary in the coal mine” for the economy
as well as the stock market . . .
Programming note: Today’s appearance marks the return of The Sweater ®
UPDATE: November 22, 2006 11:33am
No retail, and no Liz ; (
Oh, well. Carl’s a nice guy anyway.
>
Shares Dow Jones Consumer Goods (IYK)
kcar ecin !
from that picture….its not gonna be your sweater im watching
Go for it!
And shorts.
Don’t be upstaged.
A cruel hoax!
Liz looked an awful lot like Carl Quintanilla…
Well, things are starting to get frothy. Of course, you never know if we top out here, consolidate, go parabolic, or just plain continue with the trend despite the statistics.
But JJCramer now espouses to buy stocks now, here, today. Because they won’t let you in. So pay up for them, whether they are up $1 or $4. He says he normally doesn’t advocate this, but this market is just to strong and will not come down any time soon, so just buy.
To me, he is a professional but epitomizes the retail trader at times. So basically, he has changed his mantra and is saying “this time is different.”
We shall see…
Tomahawk you kill me!
Happy Thanksgiving to all who post here and our wise host.
This blog is something I am thankful for.
Best.
OT:
What’s the “QUE PASA” with the dollar today, making new lows on the move….? Could it be “SATAN” ?
Best regards,
Econolicious
No way they’re going to let you ruin the biggest shopping day of the year with your Holiday mutilating facts.
The sweater on the other hand may encourage the masses to rethink their wardrobes and fight harsh heating bills with cashmere frocks.
BR, next time you run across Liz Claman, please tell her that Eclectic says she is one really precious, smart and graceful lady.
She surely must be an absolute treasure to her family and friends.
Happy Thanksgiving all!!
—
And to all you ‘Housinistas;’ I have you another Crow recipe:
“Crow Shake-n-Bake”
-Take 2 freshly killed crow, de-beaked, de-feathered and skinned… condition in ice water until Thanksgiving.
-Salt, pepper and roll crow in mealy-mouth sauce… followed by a generous rolling in cracklins and flour.
-Place prepared crow in provided baking bag and bake at 375 degrees for 1 hour. Check crow for tenderness.
-Resume baking crow until done (be sure not to bake too long or crow gets leathery and tough to di-gest).
-Slice and serve crow on toasted sour dough bread with a garnish of Eclectic’s Special Raspberry Jubilee sauce.
-Freeze uneaten servings until 2007.
your chart of IYK looks familiar. See, for example, NDX, DOW, SPX, RUSSLLE 2000, etc…
Look at the cans on Clayman!
BTW- the dollar had a very obvious technical break to the downside today. Last time the dollar broke (in April/May) interest rates rallied and the world markets sold off in a major way. It will be fascinating to see if it happens again.
However… a quick thought about interest rates: if mortgage volume slows way down and war spending declines with the Democratic congress, will there be enough debt to soak up world liquidity? It could send rates tumbling and the stock market on another big bull run.
That, of course, is dependent on a stable dollar… which doesn’t look to likely at this point.
Dow 320000 anyone?
does Liz have any trouble breathing with that rack, Barry? Just curious.
Looks like this was posted on YouTube.
Morning Call 11/22/2006