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Nice timing with a good philly fed number!!
I don't think Carl uses news like that, his range estimates seem to work regardless of the news. Just my observation, not actual knowledge from the man himself. Carl - awesome with the S&P 903 low estimate, and with setting up twitter...you've got quite a following already!
There is plenty of front-running going on.Is it really all that new for the major market participants, when we all hear the "news" on the TV?The "news" becomes a means of drawing in the suckers who act on the news.The market has her own independent mind. It is amazing that Carl can read her moods so well!
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