From zerohedge

The Fed Rightfully Believes That Protecting Goldman Is “In The Interest Of The U.S. Economy And The Interest Of The Public”

http://www.zerohedge.com/article/fed-rightfully-believes-protecting-goldman-interest-us-economy-and-interest-public

lol no need to read but

Comcast, the nation’s leading provider of cable, entertainment and communications products and services, is in talks to buy the entertainment giant NBC-Universal from General Electric, according to knowledgeable individuals.

I don’t know. Maybe you can google something up though.

Matt

Is the ISM data tomorrow the same way too?

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The Michigan Consumer Sentiment survey is like the PMI. They are produced by private companies for their paying subscribers. Once the subscribers have them, they release them to the media. Without the subscribers, they wouldn’t be able to produce them. So, you have to be ready for the tape to react before the release – either that, or become a subscriber yourself.

Matt

TED spread up 5% again.
needs to break blue line strong before we start correction
http://stockcharts.com/h-sc/ui?s=$TED&p=D&st=2009-01-01&id=p12046282847

The back is a long story. I hurt it palying raquetball. I have had this same pain and sensation about three times in my life. It is always in the same lower back area. It was getting better. Then I went on the hunting trip. My truck back seats fold down and I had a foam matress. I went to sleep pretty lubed because I had been with HS buddies of 40 years. Felt great when passed out, I mean went to sleep. Woke up 3 hours later and couldn’t move. The bowling just aggravated it more. You know most people don’t take long to look at a horseshoe, I obviously like to hold them a while.

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Zero Hedge had an article today on the Chicago PMI being a leading indicator to the ISM data and that tomorrows ISM might not be that hot. This whipsaw stuff does seem to happen at a critical junction just like George commented earlier. Today was fun to trade even though I was laying on my side typing with one left hand. I got thrown off one horse, but got back on another and made money for the day. I wasn’t pleased with my over all handling of it, but it was good emotional conditioning. I also learned from the experience.

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I also didn’t know didn’t know that the members of that Purchasing PMI group gets the data 3 minutes before the open newswire. It sured showed on the tape. Something doesn’t seem Kosher about that.