Market Observations 07/17/06
In our top story tonight, the leader of al-Qaida in Iraq, Abu Musab al-Zarqawi, is STILL dead and someone else has taken his place.
No denial or amnesia in traders today as the market treaded water. Alcoa, 3M & the homebuilders have all warned. Q3 guidance from tech will be lowered, worsening tech and the markets woes.
Perhaps the "one and done" Fed rally is over and this market is much more serious trouble. Notice, what could be perceived as "weak" incoming economic data and lower bond yields has not helped this market.
Bonds rallying, $ @ 3 month high vs. Yen, equities suffering, materials & energy profit taking. Market liquidity with be occupied to keep interest rates low and defend the dollar. The consumer must continue to spend, or its game over. PPI & CPI are big this week.
Keep it tween da ditches, we take it day by day and keep our eyes peeled to the sky, because it could be a name brand that pancakes us. Just my opinion, I could be wrong, this is The Nattering Naybob and your NOT!!!
No denial or amnesia in traders today as the market treaded water. Alcoa, 3M & the homebuilders have all warned. Q3 guidance from tech will be lowered, worsening tech and the markets woes.
Perhaps the "one and done" Fed rally is over and this market is much more serious trouble. Notice, what could be perceived as "weak" incoming economic data and lower bond yields has not helped this market.
Bonds rallying, $ @ 3 month high vs. Yen, equities suffering, materials & energy profit taking. Market liquidity with be occupied to keep interest rates low and defend the dollar. The consumer must continue to spend, or its game over. PPI & CPI are big this week.
Keep it tween da ditches, we take it day by day and keep our eyes peeled to the sky, because it could be a name brand that pancakes us. Just my opinion, I could be wrong, this is The Nattering Naybob and your NOT!!!
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