STOCK MARKET WATCH, Monday October 4

Source: du

STOCK MARKET WATCH, Monday October 4, 2010

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Euro, Yen, Loonie, Silver and Gold

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Handy Links - Market Data and News:Economic Calendar    Marketwatch Data    Bloomberg Economic News    Yahoo! Finance    Google Finance    Bank Tracker    
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Handy Links - Videos:
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    William Black: This Economic Disaster    Bill Moyers with Kevin Drum and David Corn

Bush Administration Officials Convicted = 2
Names: David Safavian, James Fondren

Bush Administration Officials Charged = 1
Name(s): Richard Lopez Razo

Financial Sector Officials Convicted since 1/20/09 = 11

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This thread contains opinions and observations. Individuals may post their experiences, inferences and opinions on this thread. However, it should not be construed as advice. It is unethical (and probably illegal) for financial recommendations to be given here.

Read more: du

10:00 Factory Orders Aug
Briefing.com -0.7%
Consensus -0.4%
Prior 0.1%

10:00 Pending Home Sales Aug
Briefing.com 1.0%
Consensus 1.0%
Prior 5.2%

http://www.briefing.com/Investor/Public/Calendars/EconomicCalendar.htm

KUALA LUMPUR, Malaysia – Oil prices slipped below $81 a barrel Monday as weak European stock markets dampened sentiment.

Oil held most of Friday's gains in Asian trading but weakened as European stock markets slid. Oil traders often look to stock markets as an indicator of investor optimism about the economy.

A decline in first-time claims for jobless benefits and an improvement in Chicago region manufacturing activity spurred oil's rally on Friday. The U.S. government has also raised its estimate of second quarter gross domestic product growth to 1.7 percent from 1.6 percent.

In other Nymex trading in November contracts, heating oil was down 1 cent at $2.28 a gallon and gasoline fell 1 cent to $2.08 a gallon. Natural gas fell 4 cents to $3.76 per 1,000 cubic feet.

http://news.yahoo.com/s/ap/oil_prices

NEW YORK (AFP) – Already fragile US financial firms are facing a raft of law suits and potential fines after three major mortgage lenders admitted to mishandling thousands of home foreclosures.

Major mortgage lenders Bank of American, JPMorgan Chase and GMAC have in recent days announced they were suspending tens of thousands of foreclosure processes across the country due to apparent improper handling of documents.

Documentation problems "are in all probability" likely to exist in 80 percent of them, according to Richard Kessler, an attorney that heads a company dealing with foreclosures.

The influx of hundreds of thousands of foreclosures led lending institutions to employ people who processed the paperwork as quickly as possible in order to put the property on the market in what has become known as "robo-signing".

http://news.yahoo.com/s/afp/20101003/ts_afp/economyhousingbankingusforeclosure

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The banks should be raked over the coals for this. The high profile mistakes have been too numerous to count.

(Up big, as usual for end of a quarter, let alone end of fiscal year. Yet, less borrowing than last year. Good job Obama. Good day.)
Sleep and yard work.
(Debt under Obama seems to jump up big then drop slowly maybe up a little and down a little for days--repeat.)
= Held by the Public + Intragovernmental(FICA)
= 9,022,808,423,453.08 + 4,538,814,607,438.71
UP 58,907,978,013.89 + UP 36,442,641,512.28

Source: Debt to the penny:
http://www.treasurydirect.gov/NP/BPDLogin?application=np

THINKING IN BILLIONS: Think 3 or 4 dollars per billion in a 310-Million person America.
If every American, man, woman and child puts in $3.22 THAT'S 1B$, and $3,221.87 makes 1T$.
A family of three: Mom, Dad, Child: $9.67, ABOUT TEN BUCKS for a 1B$ federal program.
I hope that is clear. However, I'd suggest using $3 per 1B$ to underestimate it.
Use $4 per 1B$ to overestimate the cost when thinking: Is the federal program worth it?
Aid to Dependant Children: 2B$/yr =$8/yr(a movie a year) Family of 3: $24/yr(an hour of bowling)

PERSONALIZED DEBT:
Every 12 seconds we net gain another American, so at the end of the workday of the report, there should be 310,378,592 people in America.
http://www.census.gov/population/www/popclockus.html ON 10/04/2010 04:37 -> 310,403,677
Currently, each of these Americans owe $43,693.81.
A family of three owes $131,081.43. (And that is IN ADDITION to their mortgage.)

ANALYSIS:
There were 23 reports in the last 30 to 31 days.
The average for the last 23 reports is 8,338,307,095.54.
The average for the last 30 days would be 6,392,702,106.58.
The average for the last 31 days would be 6,186,485,909.59.
There were 252 reports in 365 days of FY2007 averaging 1.99B$ per report, 1.37B$/day.
There were 253 reports in 366 days of FY2008 averaging 4.02B$ per report, 2.78B$/day.
There were 75 reports in 112 days of GWB's part of FY2009 averaging 8.03B$ per report, 5.38B$/day.
There were 174 reports in 253 days of Obama's part of FY2009 averaging 7.33B$ per report, 5.07B$/day so far.
There were 249 reports in 365 days of FY2009 averaging 7.57B$ per report, 5.16B$/day.
There were 251 reports in 365 days of FY2011 averaging 6.58B$ per report, 4.53B$/day.
NOTE: Fiscal year end reporting needs a manual update that has not happened yet.

PROJECTION:
There are 843 days remaining in this Obama 1st term.
By that time the debt could be between 14.7 and 18.8T$.
It could be higher. It could be lower.

HISTORICAL:
President's term begins and ends on Jan 20.
(Guess who might want to hide the Reagan Bush years. Jan 20 data is missing before 1993.)
01/20/1993 _4,188,092,107,183.60 WJC Inaugural
01/22/2001 _5,728,195,796,181.57 WJC (UP 1,540,103,688,997.97)
01/20/2009 10,626,877,048,913.08 GWB (UP 4,898,681,252,731.43)
09/30/2010 13,561,623,030,891.79 BHO (UP 2,934,745,981,978.71 so far since Obama took office.)

FISCAL YEAR DEBT CHANGE, Sep 30 prior year to Sep 30 named year:
(One "* " for each 40B$ reached)
FY1994 +0,281,261,026,873.94 ------------* * * * * * * WJC
FY1995 +0,281,232,990,696.07 ------------* * * * * * * WJC
FY1996 +0,250,828,038,426.34 ------------* * * * * * WJC
FY1997 +0,188,335,072,261.61 ------------* * * * WJC
FY1998 +0,113,046,997,500.28 ------------* * WJC
FY1999 +0,130,077,892,735.81 ------------* * * WJC
FY2000 +0,017,907,308,253.43 ------------WJC
FY2001 +0,133,285,202,313.20 ------------* * * C&B
01-WJC +0,053,598,528,417.78 ------------* WJC 31% of FY, 40% of FY-Debt
01-GWB +0,079,686,673,895.42 ------------* GWB 69% of FY, 60% of FY-Debt
FY2002 +0,420,772,553,397.10 ------------* * * * * * * * * * GWB
FY2003 +0,554,995,097,146.46 ------------* * * * * * * * * * * * * GWB
FY2004 +0,595,821,633,586.70 ------------* * * * * * * * * * * * * * GWB
FY2005 +0,553,656,965,393.18 ------------* * * * * * * * * * * * * GWB
FY2006 +0,574,264,237,491.73 ------------* * * * * * * * * * * * * * GWB
FY2007 +0,500,679,473,047.25 ------------* * * * * * * * * * * * GWB
FY2008 +1,017,071,524,649.92 ------------* * * * * * * * * * * * * * * * * * * * * * * * * GWB
FY2009 +1,885,104,106,599.30 ------------* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * B&O
09GWB +0,602,152,152,000.60 ------------* * * * * * * * * * * * * * * GWB 31% of FY, 32% of FY-Debt
09-BHO +1,282,951,954,598.70 ------------* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * BHO 69% of FY, 68% of FY-Debt
FY2010 +1,651,794,027,380.00 ------------* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * BHO
Endof10 +1,651,794,027,380.00 ------------* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * Linear Projection

LAST FIFTEEN REPORTS OF ADDITIONS TO PUBLIC DEBT(NOT FICA):
09/10/2010 -000,055,297,184.77 ----
09/13/2010 +000,091,299,524.00 ------------******* Mon
09/14/2010 +000,150,853,245.21 ------------********
09/15/2010 +064,417,149,283.94 ------------**********
09/16/2010 -036,646,694,679.28 -
09/17/2010 -000,203,034,896.34 ---
09/20/2010 +000,019,446,813.89 ------------******* Mon
09/21/2010 +000,509,875,602.04 ------------********
09/22/2010 -000,022,020,658.96 ----
09/23/2010 -008,701,405,875.05 --
09/24/2010 +000,034,117,767.19 ------------*******
09/27/2010 -000,066,407,812.28 ---- Mon
09/28/2010 +001,463,391,855.14 ------------*********
09/29/2010 +000,391,315,850.35 ------------********
09/30/2010 +058,907,978,013.89 ------------**********

80,290,566,848.97 Total of 15 above reports.

Heavy borrowing seems to start after 09/18/2008 while Bush was in power JUST BEFORE fiscal year end.
Bush admin borrowed $962,245,245,654.01 in those last 124 days in office crossing two fiscal years.
$360,093,093,653.42 in last 12 days of FY2008, and $602,152,152,000.59 in subsequent 112 days before leaving office.

For a prettier and more explanatory view of our nation's debt:
http://www.brillig.com/debt_clock
http://www.usdebtclock.org/
DUer primer on National debt

(Debt to the penny keeps changing. Stuff is missing. Best to keep our own history.) LAST REPORT:
http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=102&topic_id=4560429&mesg_id=4560448

Yet, as you said above, less borrowing than last year.

And who is currently cutting their exposure. :scared:

As for the reduction of personal debt...much of this is due to write-offs and defaults

Kudos to Obama, and raspberries on Bush.

The usual large increase on the day before the end of the month should be diminished by the usual repayments to be made in the coming days.

I'm confident it will continue too.

Julie

...for a few weeks. I'm sure we'll see the same again this year, but I'd sure like to see the numbers drop a lot before declaring Obama a fiscal saint. At least Clinton actually knocked the deficit down when he was in office. I'd like to see Obama do the same.

until it finally became a surplus.

It will be tougher this time. SS will require us to make tough decisions.

Oh, and it was fun when Obama was not borrowing day by day by day, for as long as it lasted.

Debt: 10/01/2010 13,610,847,585,810.09 (UP 49,224,554,918.30) (Fri)
(Down some. The one-day projection into a whole year is very high. It's not a good projection when projecting from such a small amount of data. Good day.)
Back to the autism classroom.
(Debt under Obama seems to jump up big then drop slowly maybe up a little and down a little for days--repeat.)
= Held by the Public + Intragovernmental(FICA)
= 9,017,223,006,275.57 + 4,593,624,579,534.52
DOWN 5,585,417,177.51 + UP 54,809,972,095.81

Source: Debt to the penny:
http://www.treasurydirect.gov/NP/BPDLogin?application=np

THINKING IN BILLIONS: Think 3 or 4 dollars per billion in a 310-Million person America.
If every American, man, woman and child puts in $3.22 THAT'S 1B$, and $3,221.80 makes 1T$.
A family of three: Mom, Dad, Child: $9.67, ABOUT TEN BUCKS for a 1B$ federal program.
I hope that is clear. However, I'd suggest using $3 per 1B$ to underestimate it.
Use $4 per 1B$ to overestimate the cost when thinking: Is the federal program worth it?
Aid to Dependant Children: 2B$/yr =$8/yr(a movie a year) Family of 3: $24/yr(an hour of bowling)

PERSONALIZED DEBT:
Every 12 seconds we net gain another American, so at the end of the workday of the report, there should be 310,385,792 people in America.
http://www.census.gov/population/www/popclockus.html ON 10/04/2010 04:37 -> 310,403,677
Currently, each of these Americans owe $43,851.39.
A family of three owes $131,554.16. (And that is IN ADDITION to their mortgage.)

ANALYSIS:
There were 22 reports in the last 30 days.
The average for the last 22 reports is 8,365,646,018.09.
The average for the last 30 days would be 6,134,807,079.93.

There were 252 reports in 365 days of FY2007 averaging 1.99B$ per report, 1.37B$/day.
There were 253 reports in 366 days of FY2008 averaging 4.02B$ per report, 2.78B$/day.
There were 75 reports in 112 days of GWB's part of FY2009 averaging 8.03B$ per report, 5.38B$/day.
There were 174 reports in 253 days of Obama's part of FY2009 averaging 7.33B$ per report, 5.07B$/day so far.
There were 249 reports in 365 days of FY2009 averaging 7.57B$ per report, 5.16B$/day.
There were 252 reports in 366 days of FY2011 averaging 6.75B$ per report, 4.65B$/day.
Above line should be okay

PROJECTION:
There are 842 days remaining in this Obama 1st term.
By that time the debt could be between 14.8 and 18.8T$.
It could be higher. It could be lower.

HISTORICAL:
President's term begins and ends on Jan 20.
(Guess who might want to hide the Reagan Bush years. Jan 20 data is missing before 1993.)
01/20/1993 _4,188,092,107,183.60 WJC Inaugural
01/22/2001 _5,728,195,796,181.57 WJC (UP 1,540,103,688,997.97)
01/20/2009 10,626,877,048,913.08 GWB (UP 4,898,681,252,731.43)
10/01/2010 13,610,847,585,810.09 BHO (UP 2,983,970,536,897.01 so far since Obama took office.)

FISCAL YEAR DEBT CHANGE, Sep 30 prior year to Sep 30 named year:
(One "* " for each 40B$ reached)
FY1994 +0,281,261,026,873.94 ------------* * * * * * * WJC
FY1995 +0,281,232,990,696.07 ------------* * * * * * * WJC
FY1996 +0,250,828,038,426.34 ------------* * * * * * WJC
FY1997 +0,188,335,072,261.61 ------------* * * * WJC
FY1998 +0,113,046,997,500.28 ------------* * WJC
FY1999 +0,130,077,892,735.81 ------------* * * WJC
FY2000 +0,017,907,308,253.43 ------------WJC
FY2001 +0,133,285,202,313.20 ------------* * * C&B
01-WJC +0,053,598,528,417.78 ------------* WJC 31% of FY, 40% of FY-Debt
01-GWB +0,079,686,673,895.42 ------------* GWB 69% of FY, 60% of FY-Debt
FY2002 +0,420,772,553,397.10 ------------* * * * * * * * * * GWB
FY2003 +0,554,995,097,146.46 ------------* * * * * * * * * * * * * GWB
FY2004 +0,595,821,633,586.70 ------------* * * * * * * * * * * * * * GWB
FY2005 +0,553,656,965,393.18 ------------* * * * * * * * * * * * * GWB
FY2006 +0,574,264,237,491.73 ------------* * * * * * * * * * * * * * GWB
FY2007 +0,500,679,473,047.25 ------------* * * * * * * * * * * * GWB
FY2008 +1,017,071,524,649.92 ------------* * * * * * * * * * * * * * * * * * * * * * * * * GWB
FY2009 +1,885,104,106,599.30 ------------* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * B&O
09GWB +0,602,152,152,000.60 ------------* * * * * * * * * * * * * * * GWB 31% of FY, 32% of FY-Debt
09-BHO +1,282,951,954,598.70 ------------* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * BHO 69% of FY, 68% of FY-Debt
FY2010 +1,651,794,027,380.00 ------------* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * BHO
FY2011 +0,049,224,554,918.30 ------------* BHO
Endof11 +602,904,819,993,700.00 ------------* too many of them to show. That's 600-trillion. *

LAST FIFTEEN REPORTS OF ADDITIONS TO PUBLIC DEBT(NOT FICA):
09/13/2010 +000,091,299,524.00 ------------******* Mon
09/14/2010 +000,150,853,245.21 ------------********
09/15/2010 +064,417,149,283.94 ------------**********
09/16/2010 -036,646,694,679.28 -
09/17/2010 -000,203,034,896.34 ---
09/20/2010 +000,019,446,813.89 ------------******* Mon
09/21/2010 +000,509,875,602.04 ------------********
09/22/2010 -000,022,020,658.96 ----
09/23/2010 -008,701,405,875.05 --
09/24/2010 +000,034,117,767.19 ------------*******
09/27/2010 -000,066,407,812.28 ---- Mon
09/28/2010 +001,463,391,855.14 ------------*********
09/29/2010 +000,391,315,850.35 ------------********
09/30/2010 +058,907,978,013.89 ------------**********
10/01/2010 -005,585,417,177.51 --

74,760,446,856.23 Total of 15 above reports.

Heavy borrowing seems to start after 09/18/2008 while Bush was in power JUST BEFORE fiscal year end.
Bush admin borrowed $962,245,245,654.01 in those last 124 days in office crossing two fiscal years.
$360,093,093,653.42 in last 12 days of FY2008, and $602,152,152,000.59 in subsequent 112 days before leaving office.

For a prettier and more explanatory view of our nation's debt:
http://www.brillig.com/debt_clock
http://www.usdebtclock.org/
DUer primer on National debt

(Debt to the penny keeps changing. Stuff is missing. Best to keep our own history.) LAST REPORT:
http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=102&topic_id=4563337&mesg_id=4563349

These services contribute (in no insignificant way) of keeping the poor impoverished.

There up-side is that the new Consumer Protection Agency will now have oversight of these predatory businesses.

The poor get bilked every which way to Sunday and it should be outlawed.

Julie

for pay day lenders that are located just off military posts and bases. Many of these are owned by major banks. Same on them all. They should face stiff regulations.

Couldn't agree more. I hate those predators!

Julie

Oct. 4 (Bloomberg) -- European stocks fell, driving the Stoxx Europe 600 Index to its longest losing streak since January 2009, and U.S. stock index futures slid before reports that may show slowing factory orders. The benchmark stock index for emerging markets rose to the highest level since June 2008.

The Stoxx 600 dropped 0.7 percent at 10:21 a.m. in London, while futures on the Standard & Poor’s 500 Index lost 0.6 percent. The euro weakened against all but two of its most- traded counterparts. The yield on the two-year Treasury note fell to a record 0.3987 percent and the German 10-year bund yield slipped 4 basis points to 2.25 percent. The MSCI Emerging Markets Index advanced 0.3 percent to 1,089.57 while oil futures retreated below $81 a barrel in New York.

Manufacturing orders in the U.S. may have declined 0.4 percent in August, according to the median forecast of 51 economists in a Bloomberg survey, adding to concern the recovery may falter. By contrast, a Chinese industry report yesterday showed that growth in non-manufacturing businesses accelerated, while Premier Wen Jiabao said the nation will stimulate domestic demand.

The decline in U.S. futures indicated the S&P 500 may extend last week’s decline, the biggest since August. The report from the Commerce Department, scheduled for 10 a.m. in Washington, may show factory orders fell 0.4 percent in August, following a 0.1 percent increase a month earlier, according to economists. A separate report from the National Association of Realtors, due at the same time, may show the number of contracts to purchase previously owned homes in the U.S. climbed for a second month, suggesting the housing market is stabilizing.

http://noir.bloomberg.com/apps/news?pid=20601087&sid=atL98TpKrJmQ&pos=2

From Bloomberg:


It appears that other regions in the world are beginning to adjust to the idea that the United States does not consume as much as it has in the the past.


http://noir.bloomberg.com/apps/news?pid=20601087&sid=a5UtGWg46qxY&pos=4

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=114&topic_id=82592&mesg_id=82601

morning all :donut:

there's not a whole helluva lot that any of us can do about them.

Keeping the stories flowing about the fraud perpetuated on the country by the baking class, is a start.

Don't let the teabagger crew (AND THEIR BIG MONEY BACKERS) get away with placing the entire blame on the sub-prime borrowers. As one of the SMW regulars posted last week, "there is a sense that something is about to blow" (or something close to that). If/when that something happens, an educated populace will see through the smoke.

In your everyday life; make a conscious effort to keep your transactions out of the reach of the banksters that like to skim the cream away from the end merchant.

Think about how much you are getting a handle on, vs. a year or so ago.

Wish me luck. I am so apprehensive...like leaving home for the first time...

Have a good trip!

And he's very negative on valuations right now:

To some extent, I view current market conditions as something of a "Ponzi game" in that valuations appear neither sustainable nor likely to produce acceptably high long-term returns, and speculators increasingly rely on finding a greater fool. As the mathematician John Allen Paulos has observed, "people generally worry only about what happens one or two steps ahead and anticipate being able to get out before a collapse... In countless situations people prepare exclusively for near-term outcomes and don't look very far ahead. They myopically discount the future at an absurdly steep rate."


Read more: http://www.businessinsider.com/john-hussman-the-current-market-is-a-ponzi-game-2010-10#ixzz11O8pvWN4

.............................
dated, but still relevant
snip

You say, of course, that you're too sophisticated to be caught up in a Ponzi or multilevel pyramid scheme. That's for the common folk. You invest in real estate and the stock market. That's different. No! - not really! - at least, not anymore! And those who bought real estate as an "investment" in the late 1980s and then tried to sell it a few years later for a profit have found out that it's not.
snip
THE PRICE / EARNINGS RATIO
When the price / earnings ratio favors the investor, the investor can expect to recover the price he originally paid for the stock within a relatively short period of time and from that point on live off the company's profits (i.e., derive an income from the company's quarterly dividends). When it doesn't favor the investor, it takes a relatively larger amount of time for the investor to recover the money he originally paid for the stock. When the amount of time increases to an unreasonable length before an investor can expect to recover his original investment, the price / earnings ratio is said to be "out of equilibrium." If the price of the company's stock continues to rise after that point is reached, then it is being speculated upon.
http://www.apocalypsesoon.org/xfile-44.html

Caught the end of a fearmongering, anti-socialism (and therefore flag-wrapped, jingoistic, pro-corporate-American-capitalism) rant-sermon that sounded a lot like the anti-communist fearmongering rant-sermons I heard growing up in the '60s South.

Hagee quoted Churchill and Lincoln ("You can't help the poor by destroying the rich!") to make his point. Interestingly, I didn't hear him quote Jesus to make that point. I wonder why.

The title of the sermon, incidentally, was "America: Titanic of Tomorrow."

When the economy does finally hit the iceberg, the conservative power right has already laid the groundwork to frame it as a failure of leftist, liberal policies.

I've said many times the stage is set for a catastrophic rise of a new right wing movement. It's practially a joke now (teabaggers, hillbillies, old white people, and all that), but it won't be a joke forever.

And....Ummm....I consider myself a hillbilly. (defined: A person from the backwoods or a remote mountain area.) In fact, I belong to the Hillbilly Liberation Front




http://www.cafepress.com/floatinghead

While I agree with the gist of your post, that certain self-defined, self-aggregating groups of people, are engaging in fear mongering; hillbillies are not often self-defined (as I am)nor are they self-aggregating. So they are being labeled by others wanting to dis-empower them instead of labeling themselves.

Be careful of broad-brushing folks because they come from a certain region. It's not polite. And it's against the rules on DU.

So clearly, no offense was intended. But I appreciate your taking the time to make me aware of just how thin some skins are around here.

The SMW is not looked upon with favor with some who think the postings here are Anti-.....

Sometimes Newbies skip reading the RULES, thinking they are unimportant and find themselves Banninated.
Just offering a sconce of experience.

And I appreciate you taking the time to remind me that some people incredibly sensitive to constructive criticism.

And I've had years and years and years of practice. :)

Vanilla billies or my fav, Wasilla Vanilla billies. :spray:

edited to add-I don't worry now that I have my Victoria's Secret kevlar teddy and undies. Goes great with my kitchen mittens and toxic gas mask.

and one paid off and bribed by the ultra rich, Wall Street hucksters, capitalists, usurers, flash traders, and those who with an obsession for even more money, and more greed, so as to convince the sheep that everything wrong in society is somehow right.

His beliefs demonstrate how corporate and banking greed has enough money and influence to buy off politicians and media to convince average ill informed Americans that these entities of greed are good and the backbone of America.

With the top BBand being tickled signaling the move.

Seemed fitting as the green of summers' bounty, started to fade into the rusty colors of autumn.

http://www.zerohedge.com/article/todays-flash-crash-century-aluminum-stunningly-not-brought-you-waddell-reed

The market is giving lots of warnings, in my humble opinion.

I'm not trading anymore but still read about and watch this circus of corruption called "the stock market". Bank of America can't even validate its real estate "investments" in numerous states, but of course they won't be held accountable for their crimes. Therein lies the whole reason why the entire U.S. markets are discredited, criminal corporations were temporarily "rescued" while none of the criminals were held accountable. Of course there was the tongue lashing on TV in front of the Congress they own but that's just another show in the circus.

Just in time for elections, the Osama Bin Laden show is pulled out of the circus trailer, dusted off and placed in the same circus tent as "The amazing economic recovery" show. All the makeup-covered and surgically-altered clowns all run around the various tents/TV programs laughing about it all and replaying youtube videos of pets as "news". Yes, let's watch kitty cats run around because who has the mental acuity to understand international financial crime being committed by the people who control our 401ks and pensions. In fact, we're told anyway, that the criminals had to be saved otherwise we poor little common people would have descended in chaos.

So there are the choices we've been given: be ruled by criminals or descend into chaos. If you're patient little commoners, you'll also get some unaffordable health care "options" and maybe a tax break that will likely not apply to you anyway. Ah the wonders of living in a "free" militaristic society of corruption that's too dumb to even recognize it's being terrorized and fleeced by it's own leaders.

"If you're patient little commoners, you'll also get some unaffordable health care"

didn't you mean..If you're a patient, little commoners, you'll also get some uncomfortable health care??

We haven't heard from Osama in almost two years. It must be election season.

Like we don't have a lot worse to worry about. They gotta drag him out of his cave.

it is election season again. But that's another old story but still being used.

From $2.45/gallon up to $2.65/gallon in one day. What happened, anyone know?

That's about twice the increase in wholesale (since Thursday) on the NY merc.??? Most of that rise was the U$D trade. (falling against the basket of other majors)
:shrug:

Edit to add....see if there were any local taxes that may have been added....(That X days delay after adjournment before taking effect type of thingy)