11/02/2011 Intraday Watering

[Me XMan]

Oh my my...

FED OFFICIALS SEE 2011 GDP 1.6%-1.7% VS 2.7%-2.9%
FED OFFICIALS SEE 2012 GDP 2.5%-2.9% VS 3.3%-3.7%
FED OFFICIALS SEE LONGER-RUN GDP 2.4%-2.7% VS 2.5%-2.8%
FED OFFICIALS SEE 2011 UNEMPLOYMENT 9.0%-9.1% VS 8.6%-8.9%
FED OFFICIALS SEE 2012 JOBLESS ESTIMATE 8.5%-8.7% VS 7.8%-8.2%
FED OFFICIALS SEE 2013 JOBLESS ESTIMATE 7.8%-8.2% VS 7.0%-7.5%
FED OFFICIALS SEE LONGER-RUN JOBLESS 5.2%-6.0% VS 5.2%-5.6%

Thanks for the update, Ben.

(Reuters) - The Federal Reserve on Wednesday slashed its forecast for economic growth, raised projections for unemployment, and suggested Europe's debt crisis posed big downside risks to the U.S. economy.

http://www.reuters.com/article/2011/11/ ... 7A20111102

[Petsamo]

Oh my my...

FED OFFICIALS SEE 2011 GDP 1.6%-1.7% VS 2.7%-2.9%
FED OFFICIALS SEE 2012 GDP 2.5%-2.9% VS 3.3%-3.7%
FED OFFICIALS SEE LONGER-RUN GDP 2.4%-2.7% VS 2.5%-2.8%
FED OFFICIALS SEE 2011 UNEMPLOYMENT 9.0%-9.1% VS 8.6%-8.9%
FED OFFICIALS SEE 2012 JOBLESS ESTIMATE 8.5%-8.7% VS 7.8%-8.2%
FED OFFICIALS SEE 2013 JOBLESS ESTIMATE 7.8%-8.2% VS 7.0%-7.5%
FED OFFICIALS SEE LONGER-RUN JOBLESS 5.2%-6.0% VS 5.2%-5.6%

Thanks for the update, Ben.

(Reuters) - The Federal Reserve on Wednesday slashed its forecast for economic growth, raised projections for unemployment, and suggested Europe's debt crisis posed big downside risks to the U.S. economy.

http://www.reuters.com/article/2011/11/ ... 7A20111102

I don't see recession in those numbers.

[stucap]

Why is 1222 ES being so damn stubborn?

[99er]

Blog Post of the Day

http://market-ticker.denninger.net/

Go Karl!

[tdo722]

Blog Post of the Day

http://market-ticker.denninger.net/

Go Karl!

This world is an evil place. No idea how human beings still exist. Let us pray.

[Me XMan]

Plenty of What Ifs those numbers don't match but go much lower.
What would it be?

Oh my my...

FED OFFICIALS SEE 2011 GDP 1.6%-1.7% VS 2.7%-2.9%
FED OFFICIALS SEE 2012 GDP 2.5%-2.9% VS 3.3%-3.7%
FED OFFICIALS SEE LONGER-RUN GDP 2.4%-2.7% VS 2.5%-2.8%
FED OFFICIALS SEE 2011 UNEMPLOYMENT 9.0%-9.1% VS 8.6%-8.9%
FED OFFICIALS SEE 2012 JOBLESS ESTIMATE 8.5%-8.7% VS 7.8%-8.2%
FED OFFICIALS SEE 2013 JOBLESS ESTIMATE 7.8%-8.2% VS 7.0%-7.5%
FED OFFICIALS SEE LONGER-RUN JOBLESS 5.2%-6.0% VS 5.2%-5.6%

Thanks for the update, Ben.

(Reuters) - The Federal Reserve on Wednesday slashed its forecast for economic growth, raised projections for unemployment, and suggested Europe's debt crisis posed big downside risks to the U.S. economy.

http://www.reuters.com/article/2011/11/ ... 7A20111102

I don't see recession in those numbers.

[jedimike]

What a joke... What does an effen bank know about JOBS? They obviously can't create them but they sure can send them overseas. End the Fed

[gabor]

Oh my my...

FED OFFICIALS SEE 2011 GDP 1.6%-1.7% VS 2.7%-2.9%
FED OFFICIALS SEE 2012 GDP 2.5%-2.9% VS 3.3%-3.7%
FED OFFICIALS SEE LONGER-RUN GDP 2.4%-2.7% VS 2.5%-2.8%
FED OFFICIALS SEE 2011 UNEMPLOYMENT 9.0%-9.1% VS 8.6%-8.9%
FED OFFICIALS SEE 2012 JOBLESS ESTIMATE 8.5%-8.7% VS 7.8%-8.2%
FED OFFICIALS SEE 2013 JOBLESS ESTIMATE 7.8%-8.2% VS 7.0%-7.5%
FED OFFICIALS SEE LONGER-RUN JOBLESS 5.2%-6.0% VS 5.2%-5.6%

Thanks for the update, Ben.

(Reuters) - The Federal Reserve on Wednesday slashed its forecast for economic growth, raised projections for unemployment, and suggested Europe's debt crisis posed big downside risks to the U.S. economy.

http://www.reuters.com/article/2011/11/ ... 7A20111102

I don't see recession in those numbers.

Did they ever call recession before it occurred?

[Petsamo]

Oh my my...

FED OFFICIALS SEE 2011 GDP 1.6%-1.7% VS 2.7%-2.9%
FED OFFICIALS SEE 2012 GDP 2.5%-2.9% VS 3.3%-3.7%
FED OFFICIALS SEE LONGER-RUN GDP 2.4%-2.7% VS 2.5%-2.8%
FED OFFICIALS SEE 2011 UNEMPLOYMENT 9.0%-9.1% VS 8.6%-8.9%
FED OFFICIALS SEE 2012 JOBLESS ESTIMATE 8.5%-8.7% VS 7.8%-8.2%
FED OFFICIALS SEE 2013 JOBLESS ESTIMATE 7.8%-8.2% VS 7.0%-7.5%
FED OFFICIALS SEE LONGER-RUN JOBLESS 5.2%-6.0% VS 5.2%-5.6%

Thanks for the update, Ben.

(Reuters) - The Federal Reserve on Wednesday slashed its forecast for economic growth, raised projections for unemployment, and suggested Europe's debt crisis posed big downside risks to the U.S. economy.

http://www.reuters.com/article/2011/11/ ... 7A20111102

I don't see recession in those numbers.

Did they ever call recession before it occurred?

Recession of 2008 was due to an inverted yield curve and high fuel prices that cut into consumer spending. Plus the housing calamity.

[tdo722]

looking at weekly, wave 5 is in effect and should take us to 1370 and above, time frame 6 to 8 months???

[BullBear52x]

http://www.reuters.com/article/2011/11/ ... 7A20111102[/quote][/quote]
I don't see recession in those numbers.[/quote]

Did they ever call recession before it occurred?[/quote]


Uncle Ben is not happy with Washington crowns

[pidge66]

Trading 101, always trade trend direction

spy.JPG

and wait be patience.

spy.JPG

Which direction is it trending?

[wayne0708]

up?

[StrikePrice]

Oh my my...

FED OFFICIALS SEE 2011 GDP 1.6%-1.7% VS 2.7%-2.9%
FED OFFICIALS SEE 2012 GDP 2.5%-2.9% VS 3.3%-3.7%
FED OFFICIALS SEE LONGER-RUN GDP 2.4%-2.7% VS 2.5%-2.8%
FED OFFICIALS SEE 2011 UNEMPLOYMENT 9.0%-9.1% VS 8.6%-8.9%
FED OFFICIALS SEE 2012 JOBLESS ESTIMATE 8.5%-8.7% VS 7.8%-8.2%
FED OFFICIALS SEE 2013 JOBLESS ESTIMATE 7.8%-8.2% VS 7.0%-7.5%
FED OFFICIALS SEE LONGER-RUN JOBLESS 5.2%-6.0% VS 5.2%-5.6%

Thanks for the update, Ben.

(Reuters) - The Federal Reserve on Wednesday slashed its forecast for economic growth, raised projections for unemployment, and suggested Europe's debt crisis posed big downside risks to the U.S. economy.

http://www.reuters.com/article/2011/11/ ... 7A20111102

I don't see recession in those numbers.

I agree. The new normal will be established. 7-9% unemployment will soon not be much of a story as it continues for years to possibly decades until those who can barely use a computer and other technology work their way out of the system. Not to mention additional competition from rising India, China, etc... Bottom-line the world is getting tougher and we all have to learn to adjust, just like trading in the markets, it's called survival of the fittest...and we need leaders who can lead us ahead.

[tdo722]

no MBS purchasing for now.

[Fear&Greed]

CAT has been in a nice channel to surf today. Curious to see how it finishes the day.

[BullBear52x]

Trading 101, always trade trend direction

spy.JPG

and wait be patience.

spy.JPG

Which direction is it trending?

I know you are joking, under 5dma is down on my time frame.

[Al_Dente]

http://stockcharts.com/h-sc/ui?s=$NYDEC ... =246211365

[99er]

Hey Ben...
SPX http://99ercharts.blogspot.com/2011/11/spx_4247.html

Pass the Head and Shoulders please?

[uempel]

Update: