Tuesday, February 16, 2010

The last of the market liquidity rallies - Feb 2010?

A hangover from 2009. UK's Barclay's bank reports massive profit (ala Bank of England support and assets swaps/loans as low as 0%, it would be impossible for that bank not to make money).

In the US a hand full of companies report quarter earnings with some upside results, the NY Fed manufacturing index rises.

But the ABC consumer index falls sharply -1 % to -49%

Asymmetrical recovery.

No comments:

Post a Comment