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2024
April 14th, 2014 at 9:47 am
Good morning!
NYSE/Button – Thanks!
JNJ/Louis – I am leaning towards selling but I'd still like to see what they do first. When I said I want to wait until next week on Friday, I didn't mean 9:39 on Monday morning…
CNBC is spinning their asses off – makes me really nervous the way they are digging for a bullish take on every shred of news. Take Retail Sales, for example, you would think we won the superbowl off these numbers:
If you look closely at the report, March gasoline sales were up 12.5% as prices shot up and, of course, ex-auto, that $5Bn difference adds 1.6% to the entire report. We KNOW it wasn't demand-based, because we pay attention to the inventory reports and that means that retail sales, are in fact NEGATIVE and not at all the home run CNBC and the other promotional media outlets would have you believe.
Don't take any wooden nickels!