Biased?
I am frequently accused of having a negative or bearish bias. Its a rhetorical ad hominem device used by those who will not (or cannot)...
Final Q4 GDP: Goldilocks has left the building
Markets rallied yesterday morning on the Final GDP data, revised to 2.5% – up from 2.2% Preliminary report (2/28) but down from...
Q4 ’06 GDP: 2.5%
Q4 GDP (Final) for 2006 came in at 2.5%. This was revised to above the previously downwardly revised report but above the downwardly...
Case Shiller Housing Composite Flips Negative
For first time in over a decade, the Case Shiller Housing Composite flipped negative; I’m sure this is utterly meaningless,...
New Home Sales: 7 Year Low
There was no good news whatsoever in today’s New Home Sales Data: • Sales of new-homes dropped nearly 4% in February. • This is...
Neutral Bias?
Caroline Baum reminds us that "Neutral Bias is an oxymoron." She is correct — Neutral is the absense of bias, not a bias...
Update: New Home Starts
New Home Starts came out this morning, and they were nothing to get excited about. Here’s the data: Privately-owned housing starts...
New Home Starts
New Housing Starts are due out at 8:30am. We’ve tore these numbers apart enough in the past that it would just be going thru the...
What Does Shrinking Equity Supply Mean?
My friend Brian Reynolds, chief market strategist at MS Howells & Co., has long said that Buybacks have been a driver of stock...
NFP Day (plus, ADP update)
*Sigh* Another month, another Jobs number. My thinking about all aspects of this monthly exercise has evolved. I have gone from...