Those who own stocks better dump them right now.
FUTURES
| VALUE | CHANGE | % CHANGE |
| Dow | 11,592.00 | -514.00 | -4.25 |
That's right, the Dow will open tomorrow down over
500 points
Doomsday on Wall street has arrived
As for the CPI .. Sorry Cam, it was a typo.... "core inflation" doesn't include fuel costs . As for my actual point ??????? Never mind the nitpicking.....The point of that post is that CPI is meaningless. When both CNBC and Bloomberg, two of the stallworth wall street rah rah mags print articles debunking the CPI myth, people pay attention.
I love this one: Today from "Seeking Alpha.com"
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Just a brief reminder: there have been numerous idiots insisting that the consumer was just fine, and this holiday season was free from problems.
As it turns out, that view is, um, slightly off:
"The retail industry appears to be skidding toward its first big wreck in 17 years.
Chains are slamming the brakes on store openings, cutting back on inventory and girding for leaner times as consumer spending chills. The speed with which sales slowed during the holidays caught even cautious retailers off-guard, prompting a flurry of profit warnings.
And while data on December consumer spending won't be released until the end of the month, plummeting sales suggest consumers are snapping shut their pocketbooks."
Please note who these data-free, reality-challenged, know-nothing money-losing pinheads are. You'll see them spouting the same ******** next cycle, too.
How wrong do you have to be before you get banned from TV?
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Those are his words, not mine, but they do sound familar (smile)?