Wall Street Manna

An irreverent look at Wall Street

Friday, July 30, 2010

Consumer Metrics take on GDP

Their latest graphs. According to their data we are contracting -3.4% annual rate. So if on this news, this is all the selling we can get--what happens then, when things get better?

Of course, the bears will say things will get worse, blah blah blah...But that won't make you any money. The dip this morning, is what you were supposed to buy.

Despite what all the graphs and charts from the bears "say!"


At July 30, 2010 at 3:59 PM , Anonymous Anonymous said...


If today couldn't take the market down, nothing will! We closed above quite a few technical indicators today.

At July 30, 2010 at 5:20 PM , Anonymous Anonymous said...

where are the bears, eh? Palmoni rules! Roubini and Shiller have broken balls! (crystal of course...) Palmoni, Palmoni, Palmoni!!!!

At July 31, 2010 at 10:33 AM , Blogger whydibuy said...

That whole chart makes no sense.

It shows a sharp rise in the fall of '08, just when the economy was literally stopping cold for the next 9 months.

It says nothing about the future. gotta be some academic silliness some guy dreamed up.

At July 31, 2010 at 5:56 PM , Anonymous Anonymous said...

Palmoni, a Buy RIMM tout is way over due!

At July 31, 2010 at 6:29 PM , Anonymous Anonymous said...

Whydibuy: there's a time lag issue between the stock market and the economy. What's so hard to understand about that?

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