Morning Meeting August 18 2009
By Barry Ritholtz - August 18th, 2009, 3:00PM
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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
Philly mfr’g about in linePeter Boockvar
Following the essentially in line NY manufacturing survey, the Mar Philly manufacturing # was also about in line at 18.9 vs expectations of 18 and up from 17.6 in Feb. The components were mixed though. New Orders fell to 9.3 from 22.7 but follows a 3.2 reading in Jan. Inventories went negative again to -11 from +3.2 in Feb and is below zero for the 29th out of the last 30 months. The positive was the Employment component which rose 1 pt to 8.4 and is at the highest since Aug '07. Backlogs rose 2.6 pts but were still below...
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August 18th, 2009 at 3:07 pm
[...] Video is here . . . [...]
August 18th, 2009 at 7:13 pm
The Dream Team: Barry & Dylan …
August 19th, 2009 at 2:50 am
They’re investigating a list of companies for excessive compensation and Goldman Sachs is NOT on the list? W-T-F!!!!!?
And they expect us to pay our mortgages, pay our taxes, pay our credit card bills, yada yada yada?
Let’s hear it for us sheep. Baaaa, baaaa, baaaa. Fleece me baby!