Comments on: SOME QUICK THOUGHTS ON THE NIKE QUARTER http://pragcap.com/some-quick-thoughts-on-the-nike-quarter Sat, 26 May 2012 02:09:32 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Uformula http://pragcap.com/some-quick-thoughts-on-the-nike-quarter/comment-page-1#comment-6544 Uformula Wed, 30 Sep 2009 17:55:37 +0000 http://pragcap.com/?p=9789#comment-6544 After the absolutely absurd ramp up I saw today, with bad news to boot (Chicago PMI, ADP Employment report, Mortgage Applications, Corporate Profits), I am being quite disillusioned with how actually "efficient" the market is and wonder if actually doing your homework is worth anything anymore... Good News was a better GDP reading (isn't that backward looking?), and Oil inventories (a 5% rise on lower than expected inventories?) ...... Come on!! Look at the chart and tell me if that rise in the market on very little good news looks natural to you and all the way to unchanged to boot. After the absolutely absurd ramp up I saw today, with bad news to boot (Chicago PMI, ADP Employment report, Mortgage Applications, Corporate Profits), I am being quite disillusioned with how actually “efficient” the market is and wonder if actually doing your homework is worth anything anymore… Good News was a better GDP reading (isn’t that backward looking?), and Oil inventories (a 5% rise on lower than expected inventories?) ……

Come on!! Look at the chart and tell me if that rise in the market on very little good news looks natural to you and all the way to unchanged to boot.

]]> By: teomax http://pragcap.com/some-quick-thoughts-on-the-nike-quarter/comment-page-1#comment-6533 teomax Wed, 30 Sep 2009 10:11:54 +0000 http://pragcap.com/?p=9789#comment-6533 it looks to me that 3Q reports could be rather "sell the news" as people realize there is no organic growth. this time, market maybe wont take it like in the 2Q "lets go up, since its beat". also i dont see many companies guiding up, rather down. but who knows? it looks to me that 3Q reports could be rather “sell the news” as people realize there is no organic growth. this time, market maybe wont take it like in the 2Q “lets go up, since its beat”. also i dont see many companies guiding up, rather down. but who knows?

]]> By: Uformula http://pragcap.com/some-quick-thoughts-on-the-nike-quarter/comment-page-1#comment-6522 Uformula Wed, 30 Sep 2009 00:53:51 +0000 http://pragcap.com/?p=9789#comment-6522 TPC Question,,, I was tracking the Goldman retail sales and I saw a decline for the month of August....yet we had one of the better retail sales for that month...what gives? I'm starting to think that those indicators are really not worth their weight. What do you think? Also, do you have any other "consumer indicators" that you can recommend to me so that I can research? I'd appreciate it. TPC Question,,, I was tracking the Goldman retail sales and I saw a decline for the month of August….yet we had one of the better retail sales for that month…what gives? I’m starting to think that those indicators are really not worth their weight. What do you think? Also, do you have any other “consumer indicators” that you can recommend to me so that I can research? I’d appreciate it.

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