Tag Archive for Infomercial Media

Retail Sales Reports Give Me Gas

It just doesn’t get any more bullish than today’s retail sales report. Or so you would think if you only read the mainstream media reports. “More spending at online stores such as Amazon and electronics and applicance stores boosted retail sales by 0.5% in October, following a strong 1.1% surge in September,” shouted Marketwatch. “Retail…

More Little Lies and Big Spin- Gains or Blips?

The FIM (Financial Infomercial Media) has gifted us with more nonsense today in the form of Pending Homes Sales data from the NAR (Realtors) and the Purchasing Managers Manufacturing Index from the ISM (Purchasing Managers). Bloomberg was positively ecstatic about the housing data, proclaiming “The number of contracts to buy previously owned homes rose more…

Dancing the Con Con

Over the years I have frequently pointed out what a stupid indicator the Conference Board’s Consumer Confidence indicator is, at least when it comes to the stock market. It’s like a dog chasing its tail. The Con Con, you see, follows the market. Then, each and every month for a half hour or so after…