weeeeeeeeeeeeeeeeeeeeeeeeeeeeee come on dumb money buy buy buy ,,,,,,,,,,,,,,,,Get sucked into this scam,,,,,,,,,,,,,,,,,
you will be living the life of the Ritz soon,,,,,,,,,,,
Jul 13 9:55 AM Mich Sentiment Jul 72.0 73.5 73.2
Submitted by Tyler Durden on 07/13/2012 10:09 -0400
Consumer Confidence
Jim Cramer
Main Street
Reality
As JPM takes off, US equities go vertical, and EURUSD overdoses on erectile dysfunction stop-hunting-algo medicine, the good old US consumer - that bastion of demand and foundation of all things GDP-based just said sentiment levels are the worst of the year so far. UMich Consumer Confidence Sentiment just printed 72.0 against expectations of 73.4 - the biggest miss since December 2009. Worst still is the plunge in expectations (economic outlook) to the lowest in 7 months as the 2-month drop is the biggest in a year. It would appear all is not well on Main Street - as the massive schism between ISM Composite relative strength and the reality of the economy remains. As an aside, given this morning's hotter than expected inflation data, 1 year ahead forecasts for inflation fell to their lowest in 19 months.
It seems our cycles are playing out like clockwork as sentiment plunges...
http://www.zerohedge.com/news/honey-badger-market-completely-ignores-2012-lowest-consumer-confidence?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29
LawsofPhysics
LawsofPhysics's picture
Wake the %uck up, there is no "market".
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Fri, 07/13/2012 - 10:21 | 2612770 Hmm...
Hmm...'s picture
Wake the %uck up, there is no "market".
Yes there is, it's just not what you (or I) think it is.
some of us thought the market was about transactions between consumers and producers. If you think about the market this way, you would get the erroneous conclusion that no consumers = bad for the market. And thus you'd expect terrible consumer sentiment to be bad for the stock market.
but when one realizes that "the market" is simply transactions between one supercomputer and another supercomputer based on algorithms and fractals, well then it all makes sense!
We just need the inputs to the computers and we can derive the outputs.
I think it's something like this:
Free money from the Fed and bailout money from the government = profit.
Sky high salary + Commission based on busted trades - (Tank the world economy) = Master of the Universe + Retention Bonus.
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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