Daily Archive: Wednesday, January 23, 2008

Re: BTIG Earnings Recap for January 23, 2008

(an email) On Jan 23, 2008 8:51 PM, Joshua wrote: > > Economy is in dire condition?!?!?! Look at today’s earnings reports and > forecasts…anecdotal, but not so dire at all! Yes, they’ve been forecasting recession for about a year and it keeps getting put off a quarter. Now the term is ...Read More

The Fed’s next move

If I were a mainstream economist and on the FOMC (I’m not either, they are both), and world equity markets were firm going into the meeting next week with the monoline issue put to bed, I’d opt for no cut. That would be expected to rally the $, take down gold and ...Read More

Jan 23 late update

Monoline problem addressed, stocks suddenly oversold as that risk fades. Most earning look strong. Guidance may be soft but that’s at least partially a function of the expectation of a recession as per the media reporting and will get ignored as those fears continue to fade. If initial claims tomorrow are around ...Read More

Re: tell Paulson to let the MOF buy $

(an email) On Jan 23, 2008 9:26 AM, Mike wrote: > Trichet and his standard model are going to engineer a market crash in > europe it looks like… wonder if he will be FT’s man of the year next > year? and he’s playing with fire with the lack of credible ...Read More

2008-01-23 US Daily Releases

MBA Purchase Index SA (Jan 18) Survey n/a Actual 439.90 Prior 461.20 Revised n/a No recession here. Mtg apps seem to be continuing on the upward trend that started several months ago. MBA Refinancing Index SA (Jan 18) Survey n/a Actual 4178.20 Prior 3575.5 Revised n/a And the refi machine is going ...Read More

ECB on inflation, again

Trichet expresses the mainstream view of monetary policy: “The financial market correction — it’s a very significant correction with turbulent episodes — that we are observing provides a reminder of how a disturbance in a particular market segment can propagate across many markets and many countries, Trichet said in a debate at ...Read More