Top o' the mornin' to all! Another super busy day but this time w/ futures tanking metals (-0.62%) and soaring stock indexes (+0.67%). Making up for yesterday's stock plunge in astronomical volume beside gold'n'silver leaping to $1,214.85 and $16.52. Energy stocks slopped another -1.47% --almost as bad as financials at -1.53%. Anyway today's action will be stirred up even more this morning w/ these announcements:
MBA Mortgage Index
ADP Employment Change
Trade Balance
Crude Inventories
FOMC Minutes
Other headlines:
I read that “The Myth About TARP’s $15 Billion Profit”. The one thing that bothers me about the line that “the taxpayers” have been paid back is although the companies that benefited payed the gov’t back how much of that just went into a slush fund that has been spent on all sorts of gov’t wet dreams but the taxpayer is still on the hook for the funds.
December ADP National Employment Report (NER) revealed a gain in private sector payrolls of +241,000 following a revised increase of +227,000 for November (previously +208,000).
This guy is live tweeting Kyle Bass blasting the “big pharma” industry. Fascinating stuff:
https://twitter.com/finansakrobat
I'm guessing it has to do with the strength of the dollar but that doesn't make a lot of sense either.
Can you give me a little insight?