U.S. 1Q unit labor costs revised higher to 1.8% vs. 0.6% THIS IS VERY INFLATIONARY AND SOMETHING THE FED REALLY LOOKS AT.
The market is in a melt up right now and Osama Bin Laden himself could walk through the streets of NYC and the market wouldn't budge. to bad because you are 100% right.
We are about to see a major pullback. Inflation and interest rates are going to sink these markets. The empirical evidence couldn't be any more clear. Stay away from discretionary anything. My free .02
If I ever learned one thing is that you won't consistently make money trying to predict and outguess the markets. If you're too anticipatory you're shooting yourself in the foot.
I guess someone should tell Soro's that brilliant wisdom. The fools in this place never cease to amaze me. No offense
The market is telegraphing what it sees now, in terms of interest rates and inflation. It got help from Bernanke and the ECB (and Australia, England and Japan). The market finally sees what's been clear for some time.
I think its important, the trend anyway, but this morning's number has been fully expected, even the upside surprise, since the second GDP report a month ago.
I will add .03 to that and we will make it an even nickel. byLoswllhi, we've been trying to warn people for the last 3 months but i think we are wasting our breathe in here.
Some more grist for the mill http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/06/06/cnmorgan106.xml Back in EEM puts, short YM, and long yen futures.