I got your wall-o-worry right here:
Source:
HALLOWEEN AIEEEEEEEEEEEE- EEE
Daryl Cagle. Cagle Cartoons
HALLOWEEN AIEEEEEEEEEEEE
October 31, 2007 5:30pm by Barry Ritholtz
This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment. The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client. References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others. The Compound Media, Inc., an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. For additional advertisement disclaimers see here: https://www.ritholtzwealth.com/advertising-disclaimers Please see disclosures here: https://ritholtzwealth.com/blog-disclosures/
What's been said:
Discussions found on the web:Posted Under
Previous Post
Headline of the DayNext Post
Holiday Book Shopping
I love the Greenback – flat on his face!
Here’s something REALLY scary:
“Housing does not seem to be leaking into other parts of the economy”
Ed Lazear – Chairman of the White House Council of Economic Advisors
.
I got’cho 3.9% GDP right here:
Chrysler Laying Off Thousands of Workers – AP – 1 hour, 17 minutes ago
Aon Cutting 2,700 Jobs in Restructuring – AP – 16 minutes ago
MasterCard 3Q Profit Soars, Shares Climb – AP – 2 hours, 41 minutes ago
Alcatel-Lucent Posts Loss, Will Cut Jobs – AP – Wed 3:14 pm ET
That’s right – no jobs but lots of credit card spending – what was that song the band on the Titantic played….?
An excellent write up on the GDP report today.
http://www.financialsense.com/Market/wrapup.htm
well worth a read. Lots of great charts to put it in perspective.
The greenback flat on its face, in dire need of an intensive care bed.
Meanwhile, one can smell FEAR in various quarters of the Central Banks of this world.
A good indicator of this fear is the price action of gold on the spot market. Very large selling orders are hitting the tape every time the PM get near 800$.
Looks like that various big players are not eager to see gold breaking the 800 USD level. The canary in the coal mine may chirp but not scream.
It would be akin to admit that there might be a REAL problem with inflation after all. Can’t have that if you want to save an assets-based economy.
But the trend is pretty obvious thus far: gold has never pierced its 65-week MA since 2001 and all corrections have been met by more buying and higher prices.
For a barbarous relic that doesn’t even have the minimal decency of paying interest nor dividends, that’s a pretty good performance.
Et tu, greenback? Had enough?
Francois