Thursday, October 16, 2014

The news, for when you're done puking stocks

The news:

BI - the impact of falling energy prices. Somehow this Ed Yardeni article slipped past Joey The Weasel's echelon of Faber interviews and pictures of nuclear explosions. Quote:
The nearby futures price of gasoline is down 30% since this year’s peak during the summer. Retail sales of gasoline totaled $535 billion during September at a seasonally adjusted annual rate. So a 30% drop in the price would provide a $161 billion windfall to consumers.
Ermagerd! $161 berlliern erncrerse ern cernsermer spernderng? Sell! Sell! Sell!

Calculated Risk - 4-week average of initial claims lowest since April 2000. In other words, initial claims has broken out from the secular bear market that began in 2000.

Ermagerd! Ler ernermplermernt? Sell! Sell! Sell!

New Deal Demoncrat - jobless claims set new low. Quote:
The 4 week moving average also set a new post-recession low.

But, oh yeah, we're sliding into recession. Sure. Sweet jeebus, Doomers are stupid.
Do what I do, blame international jewry. Strangely, I've found that it increases Google ad revenue.

It's counterintuitive maybe, but the data is the data.

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