i'm afraid the root problem at eSignal is they have a culture where the tech & IT people are treated like back office people, and the sales & marketing people treat them like crap. so in return, the tech & IT people don't give a damn and don't care if the project is crappy/buggy.
the only people who will buy today are the buy and hold crowd who buy lower thinking they are getting value. even these guys will probably want to sit on the sidelines and wait for the market to settle.
i don't think most traders held a short position going into the CPI release, so there...
i bet they'll put out a number that's vague.
there's inflation, but if you take out this and that, there's no inflation.
there's no inflation, but if you include this and that, then there is inflation.
then Bush asked
"Benny, have you read this? NOBODY wants their portfolio to go down. Do you catch my meaning?"
"Are Dick Cheney's Money Managers Betting on Bad News?"
http://biz.yahoo.com/special/hfund0605_06_article5.html
then Bernanke said:
"But Mr. President, what can I do? To fight inflation, I have to raise rates. I can only do what the economic numbers tell me. What if the data says there's inflation?"
and Bush said:
"leave that to me my friend. i have a way with data. here in Washington, data...
no its not because of any of those economic reasons guys. it's all politics. the japanese manufacturer needs government approval for something. in return, the manufacturer has to build a plant and provide jobs an influential senator's state. it's always something like this.
then Bush said:
"Now look here. I know you have a job to do and you're under the public eye. It's not about a quarter point here or a quarter point there. That has nothing to do with it.
It's not about what you do, it's about how it's perceived. Do we see eye to eye that nobody wants...
Reason:
Bush called him yesterday and said:
"Now look here. My daddy works for The Carlyle Group and they need to take their portfolio companies public. This won't work so good when you keep talking the market down, will it?
You see that man right there? That's Vice President Dick...