Skip to comments.U.S. stock futures wobble; fiscal cliff, data eyed
Posted on 11/27/2012 4:27:55 AM PST by John W
MADRID (MarketWatch) U.S. stock-market futures were largely heading lower on Tuesday, with news of a Greek-aid deal providing limited help for sentiment as investors refocused on fiscal-cliff worries. A heavy data day includes durable-goods orders and the consumer-confidence index.
Away from politics, a heavy data lineup was in store for Tuesday, kicking off with durable-goods orders for October at 8:30 a.m. U.S. Eastern Time. Economists surveyed by MarketWatch are forecasting the figure to show a decline of 0.4% in October, after a 9.9% rise the prior month.
Hurricane Sandy, business concerns about the U.S. fiscal cliff and seasonal swings for airline and defense spending are all factors that could weigh on the data.
Two reports on house prices are coming. The S&P/Case-Shiller home-price index for September will be released at 9 a.m. Eastern, and the Federal Housing Finance Agency report for the same month on its own monthly house-price index arrives at 10 a.m. Eastern.
If both reports show higher home prices for that month, the data would be the latest to signal a strengthening in the housing market.
Also at 10 a.m. the Conference Board will release its consumer-confidence index for November, which economists expect could come in flat after recent gains.
(Excerpt) Read more at marketwatch.com ...
IMHO... seems like they are happy they can continue to oil the Fed printing press with campaign dollars. Their ROI for Obama is looking good at this point. Institutions like the FHA and EPA will continue to favor the companies already in power. This is insanity. I am not anti- corporation... I am speaking of the continuing legislation that distorts the free market. There is no other explanation for the stock market to be at this level when everyday America is struggling and will be sinking further.
Yes, something is radically wrong and has been for some time. It’s hard even here to get people to talk seriously about it because I think so many who are doing alright don’t want the house of cards shuffled.
What is wrong is that there are billions and billions and billions of dollars in trade deficit, and those dollars are simply going to China.
That cannot continue. Wake up people.
I am serious.
The Federal Parties, have started their Central Committee Federal Extortion Propaganda on the move.
The Propaganda Extortion Education Speak:
From Market Watch-Bookings for U.S. durable goods leveled off in October, mainly because of slack demand for autos and aircraft and a reversal in defense orders.
I can’t figure why they went higher last week - probably the big players squeezing the last dregs of profit before it collapses. Even the best possible news is bad news.
I don’t pretend to understand it and know it always has had moments where it seemed contrary, but, the last few years have seen a lot of that. Many times the news stories standing on their heads to explain why what happened on a given day did or why what should have been expected to happen didn’t. Unless it’s simply all the money being printed.