With The Perfect Job Report Could Bears Even Hope To Score?
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" * The Wall Street Journal
* BUSINESS
* APRIL 8, 2010
Consumer Credit Declined in February
BY SUDEEP REDDY
More consumers are keeping up with payments on their credit cards and other loans. But that is coming at a cost: They are cutting back sharply on borrowing as they pare back debt.
While that is good for the long-term financial health of households, the development could slow spending and the overall economic recovery.
Consumer borrowing declined at a 5.6% annual rate in February to $2.45 trillion, the Federal Reserve said Wednesday. Consumer borrowing, which includes most loans outside of real estate, had increased 2.1% in January...."
what did they expect? that people will max out their credit cards to load up on stocks?
* BUSINESS
* APRIL 8, 2010
Consumer Credit Declined in February
BY SUDEEP REDDY
More consumers are keeping up with payments on their credit cards and other loans. But that is coming at a cost: They are cutting back sharply on borrowing as they pare back debt.
While that is good for the long-term financial health of households, the development could slow spending and the overall economic recovery.
Consumer borrowing declined at a 5.6% annual rate in February to $2.45 trillion, the Federal Reserve said Wednesday. Consumer borrowing, which includes most loans outside of real estate, had increased 2.1% in January...."
what did they expect? that people will max out their credit cards to load up on stocks?
Weekly job numbers tomorrow, but more importantly are the retail sales from dozens of retailers that are looking up, some looking for double digit same store sales especially with Easter in those numbers. February sales even with blizzards were higher, consumers love to spend and spending they did for past month.
Standard & Poor's has raised the price target for its benchmark index even though the firm thinks stocks are overdue for a 10 percent drop.
The S&P 500 (INDEX: .SPX) now should hit 1270 by the end of 2010, a revision from an earlier projection of 1215 and a number that would represent a 7 percent gain from its current level.
Wow!!! F%'ers stole my research. But they didn't give the date for correction 4/19/2010.
Short 1200, long 1076, short 1250 then I don't know what in 2011
The S&P 500 (INDEX: .SPX) now should hit 1270 by the end of 2010, a revision from an earlier projection of 1215 and a number that would represent a 7 percent gain from its current level.
Wow!!! F%'ers stole my research. But they didn't give the date for correction 4/19/2010.
Short 1200, long 1076, short 1250 then I don't know what in 2011
the Greeks are doing worse than ever and the market does not give a rat's ass about it. Hard to imagine that only two months ago THEY used Greece to freak everybody out of their stocks.
I am extremely curious what sort of news will "coincide" with the top this time.
New York Times
Looming Over Greece: The Specter of Bankruptcy
By LANDON THOMAS Jr.
Published: April 8, 2010
LONDON â As interest rates on Greek debt spiraled upward again Thursday, the question facing Europe was no longer whether Athens has the political will to cut spending and raise taxes to curb its gaping budget deficit, but whether Greece will run out of money before it gets the chance to do so.
I am extremely curious what sort of news will "coincide" with the top this time.
New York Times
Looming Over Greece: The Specter of Bankruptcy
By LANDON THOMAS Jr.
Published: April 8, 2010
LONDON â As interest rates on Greek debt spiraled upward again Thursday, the question facing Europe was no longer whether Athens has the political will to cut spending and raise taxes to curb its gaping budget deficit, but whether Greece will run out of money before it gets the chance to do so.
