Friday, January 04, 2008

Just like Colt 45

Billy Dee Williams says: just like Colt 45, jobs hard to get works every time!

OK, it doesn't always work, and today it was helped by benchmark revisions to the household survey. And with non-manufacturing ISM still to come, chances of intraday reversals remain evident. Still, the "US going down the swannee" theme so beloved of markets looks set to remain in play fo the time being; per this morning's post, that FX carry basket might not be long for this world.

3 comments:

Anonymous said...

Might we get Kohn'ed at 9:15?? Wonder if the speech is being rewritten as I type...
RJ

Macro Man said...

At this point I have no idea what to expect from the Fed. As I said to one guy today, over the past few months we've seen more flip-flops from the Fed than at the beach in August.

Anonymous said...

the economist decided to end the oil bull. short on rallies?