Friday, October 21, 2011

Morning Journal, The ECRI index vs recent positive news

News on Stocks in Our Portfolios

More earnings reports:

Reported Expected

MSFT $.68 $.68
ALTR .57 .59
SLB .98 1.01
LLY 1.13 1.13
NUE .57 .51
PM 1.37 1.23


This Week’s Data

September leading economic indicators were up 0.2% versus expectations of up 0.3%.

September existing home sales were down 2.3% versus estimates of down 1.8%.

The October Philadelphia Fed general business index came in at +8.7 versus forecasts of -10.0.


This is a very instructive article on the current positive data versus the ECRI prediction of a recession (medium):



Some background on the Volcker rule (medium):

Our next debt bubble (medium):


Obama’s empty apologies (long):