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The Morning Look

ByGary Kaltbaum

Stock Market Overview: 

Futures are up strong as the ECB throws in the kitchen sink, the drapes, the furniture, the pool, the acreage and everything else under the sun.

Gary’s Thoughts: This news is coming from a very overbought condition but that doesn’t matter. $1 trillion goes a long way. Keep in mind, this is in addition to many others printing, 0% rates and negative rates. The last time we got news like this from Bernanke, markets romped and stomped throughout 2013. Keep your wits about you and relax. If markets decide the same, it will show up. We will have further comments on these maniacal, insane, ridiculously stupid, experimental, detrimental interfering with free markets. The longer they pull this crap, the worse the final outcome will be as we promise you that when all is said and done…THE MARKETS WILL HAVE THE FINAL WORD! 

Economic Data: 

  • Jobless Claims 8:30 AM ET
  • Bloomberg Consumer Comfort Index 9:45 AM ET
  • Quarterly Services Survey 10:00 AM ET
  • EIA Natural Gas Report 10:30 AM ET
  • Treasury Budget 2:00 PM ET
  • Fed Balance Sheet 4:30 PM ET
  • Money Supply 4:30 PM ET

Highlights Of The Day:

  • Another Health Scare At Chipotle
    Gary’s Thoughts: To our eye, the Chipotles that we visit are down up to 50% in business. They had better get theier act together.
  • Facebook Buys Masquerade to Challenge Snapchat
  • Gary’s Thoughts: Yippeee! Bring back Myspace!