Good morning. Cool chart. Remember that strong rally in the Nikkei? Not if you measure it in dollars (or euros for that matter)

http://www.zerohedge.com/news/2013-02-01/guess-how-much-japans-stock-market-rose-january

 

Nice chart showing the stock markets reaction to the earning results. Pretty positive, so far…

·         http://www.bespokeinvest.com/thinkbig/2013/2/1/stocks-doing-well-on-earnings.html

 

More money has flowed into equity funds during the last week of January. But a rotation, it is not.

·         http://www.businessinsider.com/fund-flow-data-for-final-week-in-january-2013-2

 

And this article sort of says the same: “Great Rotation”- A Wall Street fairy tale?

·         http://www.reuters.com/article/2013/02/02/us-usa-stocks-weekahead-idUSBRE91101520130202

 

Oh, and in case you think it is positive, money flowing into equities: it is a sell signal according to Bank of America..

·         http://www.zerohedge.com/news/2013-02-01/5-correction-sell-signal-triggered-just-january-2011

 

If this chart is supposed to show that we are close to a recession, it miserably fails. Interesting though that even in a recession revenue can grow

·         http://www.zerohedge.com/news/2013-02-03/new-normal-nine-charts

 

Metals are just drifting along, by the looks of it…

·         http://www.economist.com/news/economic-and-financial-indicators/21571161-metals

 

The Bill Gross’ monthly report is called Credit Supernova. Haven’t read it yet, but normally is worth the time

·         http://www.pimco.com/EN/Insights/Pages/Credit-Supernova.aspx

 

Why the U.S. Government Never, Ever Has to Pay Back All Its Debt. Because the government never dies.

http://www.theatlantic.com/business/archive/2013/02/why-the-us-government-never-ever-has-to-pay-back-all-its-debt/272747/

 

And last, but not least, the schedules for the week ahead

·         http://www.calculatedriskblog.com/2013/02/schedule-for-week-of-feb-3rd.html

·         http://blogs.ft.com/beyond-brics/2013/02/03/the-week-ahead-february-4-8/

 

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