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

Thursday, May 5, 2011

Rosenberg soundbites

  • The froth is coming out of the commodity markets and we are seeing increasing signs of a softening in global growth; the long bond yield is coming down and few are noticing this critical development; a whole host of international chaos is developing while the U.S. dollar is plummeting
  • Investors Intelligence poll shows the bull-bear spread at 38.4%, which is not far away from the 42% reading back at the market peak in October 2007
  • Unexpected slide: The service sector ISM index came out yesterday for April and threw a splash of cold water on the consensus view that the U.S. economy is re-accelerating heading into the second quarter
  • Manufacturing also slowing down
  • Many U.S. labour market indicators did not fare that well in April
---DR email today

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