To put, “We are the world” into context….please read the below, if you haven’t had the chance.
http://www.washingtonpost.com/wp-dyn/content/article/2010/11/03/AR2010110307372.html?hpid=topnews
It’s the only thing you need to takeaway into the weekend and beyond.
Ben only wants higher stock prices is the jist of the Chairman’s musings as the US policy diverges from every Central Bank in the world. Obama threw in his 2 cents with a com’promise’ on taxes and we have possible tailwinds coming from D.C.
Okay, maybe only Ben’s singing this tune and it has nothing to do with Africa, but we’d better sing along into XMAS. If anyone smirked at this weeks SPX 1250 by year end call here in the midst of a market waiting to be sold off QE2,…..Surprise, we are at SPX1221 tonight with a possible bullish biased NFP# tomorrow.
Speaking of XMAS…all that could be added on top of this week’s Journals is get a shopping list together from the DJIM shadow list to go forward (a breakdown update in this weekend’s Journal). Considering, no sell equity sell off occurred, we add underlyings of a strong earnings season, favourable eco’ data and it‘s all pointing to a ‘risk asset’ tailwind into the New Year.
OMG, it’s a bird, it’s a plane…..no, it’s Super’Fins’!. If it’s not an imposter once again, the financials late action is going to move this market more than anything!. Some are pointing to the lagging ‘Clouds-Virts’ momo’space today as a bad indicator, but just like EQIX pre-announcement that caused havoc, DFT (data center) earnings backlash will probably go away sooner than later.
Let’s all do our part and help Ben reach his objective of higher stock prices!.