Munchin’ on the Numbers – by Max Whitmore
12-29-09
MUNCHIN’ ON THE NUMBERS
Pretty much a nothing day in the numbers arena. And other financial news was pretty sparse, too. There was one report at 10am, the Consumer Confidence Report that showed that consumers were feeling better about the economy, but that is still a feeling. What counts are the numbers and until the fourth quarter corporate reports begin to appear the middle of next month, the Big Guys are not going to respond to confidence reports or any other kind of reports.
My S&P Keyline chart just held its own today, as you can see in the Numbers Section below. Most other numbers were very quiet too, except bonds. Today, bond market buyers clearly outnumbers sellers, as bonds rose 15/32 or nearly