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Notes to myself, possibly of interest to others.
-- Bill Northlich

Tuesday, May 31, 2011

Rosenberg Daily Soundbites

  • Instors switch back out of the safe-havens and into more pro-cyclical paper in the wee hours of the morning - equity markets are up anywhere from 1% to 2% across the planet
  • the bond bull market is intact
  • Canadian GDP - nice headline, shame about the details: The Canadian economy zoomed along at a 3.9% annual rate in Q1; however, the problem is that 80% of that growth came from inventories
  • It’s a gas (not!): The good news is that gasoline prices have stopped going up…for now; the bad news is that the damage has already been done

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