Tomorrow is action packed. What’s on the docket?
1. Chain Store Sales
2. Initial Jobless Claims
3. The Monster Employment Index
4. BOE & ECB rate decisions.
5. 30 year bond auction.
6. Ben Bernanke Speech
7. Stress Test Results.
I am looking for stronger than expected retail sales, jobless claims that will be shrugged off, a Bernanke speech that is filled with “green shoots” and an after the bell release of the stress test results that is good for one last agonizing short squeeze for those bank short sellers.
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.
anon
TPC –
Thanks for the great posts. Do you still see this as the last stand for the bulls? What does your Ultimate Indicator reading look like these days?
Cullen Roche
I’ll update you soon – it’s getting late here and I’m up in 4 hours to get back at this market….Thanks for the kind words.