Where’s MY Bailout???
By Barry Ritholtz - December 22nd, 2008, 8:31PM
The price pattern reminds you that every movement of importance is but a repetition of similar price movements, that just as soon as you can familiarize yourself with the actions of the past, you will be able to anticipate and act correctly and profitably upon forthcoming movements. —Jesse Livermore
Macro Notes
PPI falls more than expected but old newsPeter Boockvar
Feb PPI fell .6% headline vs expectations of a drop of .2% but the core gain of .1% was right in line with forecasts. The headline figure was led lower by a 2.9% fall in energy prices (led by gasoline) while food prices rose .4%. Energy prices have since reversed, with gasoline in particular at the highest level since Oct '08 so PPI will move up again in March. Inflation in the pipeline was mixed but comes after strong gains in Jan. Goods at the intermediate stage of production rose .1% after a 1.7% gain in Jan. Ex f&f it...
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December 23rd, 2008 at 12:18 am
Bailouts in Russia, too:
http://www.bloomberg.com/apps/news?pid=20601109&sid=aM71GKiXdzZ8&refer=home
December 23rd, 2008 at 6:14 am
“Things did get worse during that week because confidence was just draining out of the system and in some ways that made it easier for us to talk to the banks and say ‘look we’re all in this together.”
-Chancellor of the Exchequer Alistair Darling
http://news.bbc.co.uk/2/hi/business/7796329.stm
I wonder if I’ll be able to use that same line the other way around when I go bankrupt…..