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Senior Contributor

OptionEye - Macro Outlook - July 15th

Oh well. 

 

Good gains across the board yesterday, some on the back of export inspections, seem to have eroded overnight on crop progress numbers and no impending doom from Mother Nature. 

 

Corn down 3, wheat down 4 and beans are down 5. Simply put, the crop is in the best condition in 20 years. 

 

Gold bouncing to $1311.70 up $4.58.

 

Oil getting closer to $100 and stands at $100.11 down .80 cents. 

 

Stocks like the JP Morgan earnings this morning and erase some of their losses and are trading a little better early on after a good day yesterday. 

 

The dollar is off .03 to 80.15 which is pretty much unchanged. We get Empire Manufacturing and Retail Sales to give us a guiding hand at 7:30 am. 

 

Big week for earnings and economic numbers.

 

 

 

 

 

 

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Honored Advisor

Re: OptionEye - Macro Outlook - July 15th

Here`s Rick Santelli`s `not one penny` rant  Smiley Very Happy 

 

http://time.com/money/2983010/cnbcs-rick-santelli-rant-translation/ 

 

I`m amazed at Rick`s reserve considering who he`s talking to.

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Honored Advisor

Re: OptionEye - Macro Outlook - July 15th

the cnbc message ----------- chear for the economy as it transitions from government regulated to government dependant.

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Advisor

Re: OptionEye - Macro Outlook - July 15th

Iesman took him to school over that, wondering why if he's so smart why he's been wrong about everything.

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Honored Advisor

Re: OptionEye - Macro Outlook - July 15th

Ben Bernanke had his thumb on the scale.  You can defy gravity quite awhile until they run out of printer`s ink and other people`s money.  ...Dow 80,000 Baby!

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Re: OptionEye - Macro Outlook - July 15th

http://krugman.blogs.nytimes.com/2014/07/14/rick-santelli-and-affinity-fraud/?_php=true&_type=blogs&...

 

Here's The Krugster, Footman of Satan with some comments on the Liesman/Santelli exchange.

 

Say what you will about Krugman, he's in possession of a particularly dexterous mind.

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Re: OptionEye - Macro Outlook - July 15th

PS:

 

Very much akin to the folks here who aren't able to separate their responsibility to their businesses and their identity based political rantings.

 

And will no doubt be calling for the gubmint to "do something" in the not too distant future.

 

My prediction is that someday the gubmint is going to be far too busy with more pressing matters. 

 

 

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Honored Advisor

Re: OptionEye - Macro Outlook - July 15th

Yes, but Nox who really cares about the "poors"?  All these Bernanke bucks never made it to mainstreet last quarter $250 Billion in spending bought a negative $74 Billion in growth.

 

 http://www.zerohedge.com/news/2014-06-25/first-quarter-250-billion-federal-debt-bought-negative-74-b...

 

and record 92 million not participating in the labor force.

http://www.cnsnews.com/news/article/terence-p-jeffrey/92594000-americans-not-labor-force-hits-all-ti...

 

The scary thing is, with all this spending and printing that we don`t see runaway inflation, what would things look like if the fed wasn`t squirting ether in the intake?

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Senior Advisor

Re: OptionEye - Macro Outlook - July 15th

Actually the "market" has not had competition for investors dollars. The interest rates are so low that folk have to buy into the stock market to get any worth while return for their money A hundred k returning 1.5 K for a whole years use.

 

And don't forget what a gift these low rates have been for capital intensive businesses like farming. You folks are experiencing just the opposite of what those hapless farmers suffered during the 80's. Devalued assets and brutally high interest rates. You have just lived through the golden years of crop farming and your still squealing like a stuck hog!

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Senior Advisor

Re: OptionEye - Macro Outlook - July 15th

So Kraft. you're saying every single year of your farming career was a struggle?  Not a single stretch of golden years for you huh?  How about the years leading into the 80's crisis?

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