I’ve been studying the laws of science and can happily report to you this morning’s negative 0.1% GDP number to be nothing more than a parlour trick, a ruse of sorts to admonish short sellers with stupendous “surprise sex” rallies. The fourth quarter was a very big one for Obama indeud. He had to contend with sheer hatred of his reelection, fiscal cliffs and the specter of another debt ceiling debacle.
The very rich in this country are enjoying double digit inflation rates and very high growth. I cannot say how fast the higher end of the economy is growing, as those figures are not available to me at the moment. But just know and rest assured, the caprices of the blue collared class in Detroit is becoming ever so more irrelevant in this country. The amount of spending being done at the high end makes it easy to ignore the poor.
So, before you call your brokers and ask them to reserve a seat for you inside the FAZmobile, remember that today’s numbers were meaningless, “priced in” if you will (remember the marker went down for a day or two last month?). Plus, markets don’t go up and down based upon domestic macro-trends anymore. If you’re looking at domestic GDP and wondering why AMZN is at $300 or how FLS can be so frigging expensive, look outside of your borderless country and realize there are Africans out there who desire one click shopping and sewer pipes.
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So you can’t watch CNBC for unbiased trading advice (Buy, Buy, Buy!!!), you can’t watch CNBC for unbiased political advice (Republican good, Democrat bad), and now they mock the government statistics that they release. Tell me again why I pay $2.49/mth for this waste of time.
CNBC isn’t pro-Republican, other than Santelli, and he’s just a clown. Almost everyone else on there, including the company that owns CNBC, is on the left side of the spectrum.
Shrinkage !!! Like a frightened turtle.
Typical response from a guy leveraged long!
Let’s be honest, this report sucked and it made me nervous about my longs. Thanks to DLB’s beat I am having a nice day.
You may choose to ignore this but you have to at least pause when you see a print like this.
Watching CNBC panic and dive into spin mode is amusing to watch. I thought Liesman was going to have a heart attack.
Fuckin tools.
You need to key on earnings reports and guidance
162 central banks printing bonds like there’s no tomorrow is your guarantee that the markets can only go up. The downside is that the markets are also rigged by these same central bankers, to make it look like the markets are fair, so they bomb the markets accordingly. Like today.
They’re blowin’ money fast in Detroit.
Champagne showers
Meanwhile, as Perot puts it, the administration throws gorilla dust in the air – gun control and immigration…
Detroit is coming back. Bet.
DOW 10,000!
I cannot understand the constant CNBC pandering. CNBC is show biz, pure and simple. Show biz with a market theme. Who in their right mind be influenced by anything offered there. But, at least I can respect Karen Finnerman who has the bagels to say, “I don’t know” when she doesn’t. Words not very often, if ever, heard in this column.
I’d do Karen in a heartbeat
The Euro will rally to 1.70 this year. Fuck the dollar hahahahahahahahahaha
“one click shopping and sewer pipes”
priceless
Spoken with some authority. I like it.
big fan of the buy amzn over aapl thing this yr.
next one to go to 500?
Like the company and their positioning. Just don’t understand how that nosebleed PE can be maintained – or has been sustained this long. But hard to argue with the chart and momentum.
popular revolt will be most unsettling when it arrives –
History does show that at some point the poor are no longer easy to ignore, despite the political classes that keep saying “Let them eat cake.”
I enjoy that your name is frog, but have a pic of a dolphin.