The flicks and ticks (I use that term with all respect to Todd Harrison) are showing stocks just slightly weaker this morning. Jobless claims were essentially right in line 550k or so, housing starts were as expected. Oracle missed its revenue numbers slightly last night, use that as a slight negative, on the positive side stocks are getting upgraded all over the street with ever higher target prices. Calsl traded 2 to 1 vs puts yesterday - mark that as a negative. the secondary calendar is hopping we have participated in 3 or 4 this weeks and waiting to hear on about 3 this morning. I think GS and MS have 3 IPOs on monday.. Lots of activity.
Probably went to my last Cub game of the season last night, that stinks for a few reasons, one while the Cubs are not mathematically eliminated they are basically done, two it means warm weather is on its way out, three a whole summer went by and my wife didn't come to one game with me. As we say in Cubville "wait till next year".
JB
Right about now, seems a bit gloomy everywhere you look.
ReplyDeleteWe are still shedding jobs at 550,000 per month and the cumulative losses in this 'depcession' (about 5-6 million??) are not coming back any time soon.
Why is this good news and why is the recession over if it's going to be a jobless recovery?
fp
I wish I knew, wall street needs to offload their risk on people
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