Sorry about the confusion of having 2 sites up but I’m still putting my new posts here at http://philstockworld.wordpress.com but that will stop soon – so make sure you have http://philstockworld.com bookmarked for the real deal!
It’ll be Chaos this week as we tried really hard to have all the bugs out this weekend and decided last night that they were still there so we’ll continue to be here until we are not.
This site will continue to function as the back-up site for a while but we will likely turn off the comments here as soon as we move as we already have different comments on each site. Please make comments here until they are off.
I also apologize for some of these lengthy articles but the new site will be carrying a lot more in-depth analysis and has better multi-page capabilities and the last few articles were originally planned for there!
Thanks, and sorry about the delay!
What a week this is going to be!
We get OCTOBER wholesale inventories today which should be weak(ish) as was most October data, if this (10 am) in any way bothers the markets that’s a very bearish sign as it is just plain silly to worry about this very stale number.
There is almost no point trading today because tomorrow we have:
- 7:45 UBS Store Sales Index (should be up 2%+)
- 8:30 Retail Sales Index (BETTER be up!)
- 8:30 Trade Deficit (is $60Bn too much to hope for?)
- 10:00 Q2 Manufacturing Profits (Q1 7.7%)
- 2:15 THE FED!!!
- 5:00 Consumer Confidence 12/10 (better be up!)
Holy Market Moving Data Batman! What joker thought this day up? They only thing I’d be confident about tomorrow is the VIX going up…
At least on Wednesday we can sit back and… What? 7 am is the Refinancing Index (was up 13% last week)? Then a Sunoco analyst meeting (ahead of oil inventories) and the Nov Retail and Food Sales (I’ve been eating and buying!) including the dreaded auto numbers! 10 am brings us business inventories that hopefully will be leveling off.
There was a very, very, very (did I say very?) bad report in the NY Times this weekend from Forrester Research indicating “businesses are expected to be less willing to open their wallets for new technology in 2007.”