Posted on 02/14/2013 4:22:55 AM PST by John W
MADRID (MarketWatch) — U.S. stock futures sagged in early trading on Thursday ahead of weekly jobless claims, which are expected to show a slight fall, as investors continue to question whether recent market gains are overdone.
Sentiment was weighed by losses in Europe, where downbeat growth leaned on stocks, while even gains from Asia didn’t inspire.
The only data point on the calendar is due for release at 8:30 a.m. U.S. Eastern time: The number of Americans applying for jobless benefits is expected to have eased, to 360,000 from 366,000 two weeks ago, according to economists polled by MarketWatch.
(Excerpt) Read more at marketwatch.com ...
This despite all the funny money being pumped in by the Fed.
Good for another 100+ on the DOW.
Where would things be without that?
The thing that amazes me is that in a economy showing growth (or even neutral) if the fed pumped money inflation would be incredible, but it's not. What does that say about the real economy now.... It sucks much, much worse than anyone has the balls to say.
Let me quibble just a little. There is indeed incredible inflation, but it’s limited to the stock market, which is going up roughly one percent per week. It’s never making it to the real economy like we are told it’s supposed to.
So why does the Fed keep throwing money at the banks when they know it’s not going into the real economy? IMO, as usual, the whole operation is just money under the table with a nudge and a wink between the Fed and the big banks.
TODAY'S DOLLARS-TO-DOUGHNUTS BET:
If that unemployment number is "worse than expected", they'll blame the snowstorm in the NE. If it's "better than expected", they will not.
-——There is indeed incredible inflation, but it’s limited to the stock market-——
drivel
The price of gasoline and diesel is advancing again. The price of housing is increasing between 4 and 5.5 %.
Yeah that’s true. I should have added oil, but that goes up and sometimes down all the time anyway — currently They are using the old standby of “refinery maintenance” canard from the Excuse-O-Matic.
I don’t know about housing though, it varies so much by type of house (well-kept occupied mansion vs being foreclosed on vs abandoned) and area that I don’t think one number fits all.
Big beat on jobless claims. Expectations of 365 and came in at 341. Last week revised upward to 368. 4 week moving average of 352,500.
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