Data Update

 

 

by Larry Levin

There has been a lot of economic data recently that I need to report. Without expounding too much, I put the results in bullet form.

1. The 3-YR Note auction was, surprisingly, worse than expected.
2. The 10-YR Note auction was, surprisingly, worse than expected.
3. The 30-YR Bond auction was, surprisingly AGAIN, worse than expected.
4. The Federal Reserve is successfully trashing the US currency. It is pretty near new all time lows.
5. Due to the MASSIVE decline in the US dollar, China is estimated to have just lost approximately $110-BILLION on its massive US Treasury holdings via currency fluctuations. No wonder the recent bond sales have been weaker than expected, eh? After all, what foreign country wants to buy Treasuries denominated in US dollars, when the intent of the US central bank is to screw you ASAP with a dollar debasement program?
6. PPI shows inflation at the producer level 4-times greater than expected. Congratulations Benron!
7. Fraudclosure grows worse for the banksters that birthed it.
8. Foreclosures hit all-time record high.
9. ICI reports the 23rd sequential (new record) mutual fund outflow from retail investors who have had enough of the rigged equity market that only favors Fraud Street.
   1. Trade deficit worse than expected and the 2nd worst in many years.
   2. Weekly jobless claims far WORSE than expected.
   3. Prior weekly jobless claims were revised higher (read: WORSE) for the 24th out of 25 weeks; statistically impossible without complete BS lies out of the BLS (Bureau of Lies & Statistics).

All of the aforementioned horror show snippets happened this week folks, and thanks the Federal Reserve's manipulation of the market all is well. Moreover, the Fed isn't done; POMO manipulation hits the tape Friday and again next Monday!

Previous Day's Trading Room Results:
Trade Date: 10/14/10
E-Mini S&P Trades*
(before fees and commissions):

1) No "Secrets" trades filled.

2) Algorithm positions (6)

3) “Reading the Tape” positions (21)combined Secret’s, Algo, & “Reading the Tape” total +17.25

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