CharlieDigital
Banned
So there's been a bunch of good news today on the economy:
http://www.bloomberg.com/news/2014-...ed-as-oil-climbs-while-pound-holds-gains.html
http://www.bloomberg.com/news/2014-...-in-u-s-rises-to-highest-in-14-months-1-.html
http://www.bloomberg.com/news/2014-...creased-in-august-by-most-in-four-months.html
And the whole market hit the shitter today because of good economic data. Like, what in the fuck is up with that? Are the institutional investors just interested in their cheap money?
Economy doing better -> Equities suffer because of potential rate increase -> Average investors eat shit.
http://www.bloomberg.com/news/2014-...ed-as-oil-climbs-while-pound-holds-gains.html
U.S. stocks fell, while Treasuries headed for the longest losing streak in more than a year after data showing retail sales rose
http://www.bloomberg.com/news/2014-...-in-u-s-rises-to-highest-in-14-months-1-.html
American consumer confidence rose to the highest level in more than a year in September, as households views on the outlook for the economy brightened.
The Thomson Reuters/University of Michigan preliminary consumer sentiment index rose to 84.6, the highest reading since July 2013, from 82.5 the month before. The median estimate in a Bloomberg survey of 65 economists projected an increase to 83.3.
The Thomson Reuters/University of Michigan preliminary consumer sentiment index rose to 84.6, the highest reading since July 2013, from 82.5 the month before. The median estimate in a Bloomberg survey of 65 economists projected an increase to 83.3.
http://www.bloomberg.com/news/2014-...creased-in-august-by-most-in-four-months.html
An August pickup in retail sales and revised figures showing demand in prior months was stronger than first reported signal consumers have reclaimed their position among the main sources of U.S. growth.
The 0.6 percent increase in purchases was the biggest in four months and followed a 0.3 percent rise in July, according to Commerce Department figures issued today in Washington.
The 0.6 percent increase in purchases was the biggest in four months and followed a 0.3 percent rise in July, according to Commerce Department figures issued today in Washington.
And the whole market hit the shitter today because of good economic data. Like, what in the fuck is up with that? Are the institutional investors just interested in their cheap money?
Economy doing better -> Equities suffer because of potential rate increase -> Average investors eat shit.