---
title: "Shooting"
url: https://independentstockanalysis.com/shooting/
description: "A characteristically brilliant Kyle Bass at Chicago Booth . After sneaking higher in recent weeks, yesterday Natural gas shot up on the inventory report…"
published: 2013-03-15
updated: 2013-03-15
---

# Shooting

Published 2013-03-15

Posted on

by

J.J. Butler

A characteristically brilliant Kyle Bass at [Chicago Booth](http://media.chicagobooth.edu/mediasite/Viewer/?peid=f15d95d054e8442ab0cc1c60321383101d).

After sneaking higher in recent weeks, yesterday Natural gas shot up on the inventory report. Has the worm finally turned? Is the lower rig count going to appear in production? [HAI](http://www.hardassetsinvestor.com/features/4611-natural-gas-fundamentals-shift-dramatically-in-favor-of-bulls-as-storage-surplus-plunges-rig-count-hits-13-year-low.html?showall=&fullart=1&start=2)

Weekly Initial Unemployment Claims decrease to 332,000 at [Calculated Risk](http://www.calculatedriskblog.com/2013/03/weekly-initial-unemployment-claims_14.html).

“In our forecast, the expansion of real GDP steps up to around 2-3/4 percent in the second half of this year and beyond” at [Business Insider](http://www.businessinsider.com/morgan-stanley-inflection-point-2013-3). We’ve heard the suggestion elsewhere. If true it’s really positive…

Oaktree’s Howard Marks: Equities in Stage 2 of a Bull Market at [Market Folly](http://www.marketfolly.com/2013/03/oaktrees-howard-marks-equities-in-stage.html).

From a really bullish *friend*:

# “Three Green Shoots

The CEOs have become more optimistic about business conditions in the future. [http://www.businessinsider.com/business-roundtable-index-rises-2013-3](http://www.businessinsider.com/business-roundtable-index-rises-2013-3)

Joe LaVorgna, a bullish economist, is looking for a 3.0% GDP in the 1st Q 2013 based upon stronger exports, stronger retail spending, and stronger inventory restocking. [http://www.businessinsider.com/deutsche-bank-raises-gdp-growth-estimate-2013-3](http://www.businessinsider.com/deutsche-bank-raises-gdp-growth-estimate-2013-3)

Finally, David Tepper is reportedly super bullish, looking for a 20% rise in the market this year. [http://www.businessinsider.com/tepper-thinks-sp-could-rise-20-percent-2013-3](http://www.businessinsider.com/tepper-thinks-sp-could-rise-20-percent-2013-3)

For those still waiting for a dip to get in, the pressure is building. They’re hoping for a dip in response to a Congressional battle over the budget. But what if that doesn’t happen? If Congress reaches a compromise, the market likely will spike higher. Then the next dip probably won’t occur until the Fed stops pumping in $85B a month into the US financial market. Who knows when that will take place? I can’t see that happening anytime soon, given Bernancke’s determination to avoid the mistake the Fed made in 1938 by tightening prematurely.”