Pick The Dow

[bazanster2]

Quite a few positive Headlines this morning.

'Cash for clunkers' program boosts Ford to first year-over-year sales increase since 2007.

China's manufacturing expanded in July at its fastest rate in a year as domestic demand offset sluggish exports.

Even as Americans suffer rising unemployment, foreclosure rates in three states hit hardest by the housing bust --
California, Arizona and Florida -- stabilized in June, offering hope that the worst of the real estate crisis is over.

The US economy could grow by up to 2.5 per cent this quarter,
the former Federal Reserve chairman Alan Greenspan said.

“There is now potentially light at the end of the tunnel.” Dr. Doom Nouriel Roubini

HSBC Holdings Plc, Europe’s biggest bank, posted an unexpected profit in the first half.

Barclays Earnings Rise 10%

A little bad news:
Regulators shut down five regional banks Friday, the Federal Deposit Insurance Corporation said,
bringing the total number of banks to fail in the United States to 69 this year.
However, Guaranty Bank is teetering on the edge of insolvency. So, there may be one more.


Generally a good day for overseas Markets, the Nikkei being an exception.
Difficult day to call due to the economic reports after the bell.
Going with UP on Monday,

gl,

baz
.................................................. .....................................

Economic Reports:
Construction Spending 10:00am(Eastern)
ISM Index 10:00am(Eastern)
Auto Sales 2:00pm(Eastern)
Truck Sales 2:00(Eastern)

Thought that this was a well done video on Mony, Debt and Banking:
YouTube - Money As Debt (1 of 5) 5 Parts

There is also a sequel called "Money As Debt II" at
YouTube - Broadcast Yourself.

Links to both Videos can be found at:
YouTube - compelled2283's Channel

.................................................. ................

Starnet Gypsy,

Thank, well check out the article.

[Bostongambler]

Down on Tues.

[bazanster2]

Futures on the Standard & Poor’s 500 Index slipped 0.7 percent.
Stocks fell after the global index climbed 14 times in 16 days

Manufacturing in the U.S. shrank less than forecast as stimulus-induced gains
in demand worldwide helped resuscitate factories from the worst slump in three decades.
The Institute for Supply Management’s factory gauge rose to an 11-month high of 48.9 in July.

Going with DOWN on Tuesday,

gl,

baz

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Economic Reports:
Personal Income 9am(Eastern)
Personal Spedning 9am(Eastern)
Pending Home Sales 10:00am(Eastern)

[bazanster2]

Not going to fight the tape,
going with UP on Hump Day,

gl,

baz
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ADP Employment Change 8:15am(Eastern)
Factory Orders 10:00am(Eastern)
ISM Services 10:00am(Eastern)
Crude Inventories 10:30am(Eastern)


Wages and salaries, which drive recoveries in spending, fell 4.7 percent in the 12 months through June,
the biggest drop since records began in 1960, according to Commerce Department.

Panalpina Welttransport Holding AG, the world’s third-biggest air-freight forwarder, said the amount of goods
it’s transporting each week is rising, a sign the contraction in global trade may be slowing.

NEW YORK (Reuters) - The U.S. Treasury Department plans to ramp up sales of inflation-protected bonds to help fund the
nation's growing budget deficit.
China, is among investors that have indicated they want to buy more of the securities.

Really think that TIPS are a bad idea for the Taxpayers, especially when their Government is creating so much money.
Guaranteeing inflation when your creating inflation?


Ivy League schools, have educated 14 U.S. presidents and half of the 110 justices in Supreme Court history

--------------------------------------------------------------------------------------------------------------
CNN) -- It is a problem of massive plastic proportions -- a giant floating debris field, composed mostly of bits and pieces of plastic,
in the northwest Pacific Ocean, about a thousand miles off the coast of California.
It's called the Great Pacific Garbage Patch and it covers a vast area of hundreds, maybe even thousands, of miles of open ocean.
...maybe as big as Texas!!.

http://www.watercoloursworld.com/blo...tch-jj-001.jpg

YouTube - Charles Moore: Sailing the Great Pacific Garbage Patch

[Bostongambler]

Down on Thurs.

[bazanster2]

Economic Report:
Intil Claims.....550,000 much lower then the 580,000 expected.

Continuing to claim benefits rose, however, by 69,000 to 6.3 million.
The increase in the number of people continuing to claim benefits is a
sign that jobs remain scarce and the unemployed are having difficulty finding new work.

Some U.S. retailers reported sales declines for July that were not as steep as expected.

Going with DOWN on Thursday,

gl,
baz

[bazanster2]

Futures spiked on the good Unemployement number,
going with UP on Friday,

gl,

baz
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Economic Reports:
Average Workweek.................rose to 33.1 hours after falling to a low of 33
Hourly Earnings..................+2.5%
Nonfarm Payrolls.................-247k, much better than the -325k forecasted.
Unemployment Rate.................9.4% also better than the the 9.6 anticipated.
Consumer Credit 2:00pm(Eastern)



Fannie Mae's new request for $10.7 billion from the Treasury Department will
bring the total for Fannie and Freddie to nearly $96 billion.

Fannie and McLean, Va.-based Freddie own or guarantee almost 31 million home loans worth about $5.4 trillion.
about half of all U.S home mortgages.

Fannie Mae posted a second-quarter loss of $15.2 billion, or $2.67 per share,
Including $411 million in dividend payouts
If your losing $$$, why pay a dividend?
That compares with a loss of $2.6 billion, or $2.54 per share, in the year-ago period.

Nearly 4 percent of the loans Fannie Mae owns or guarantees were delinquent as of June 30, up from 1.4 percent a year earlier.

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The government signaled it’s considering the introduction of 30-year Treasury Inflation Protected Securities and ending
20-year TIPS as it finances unprecedented budget deficits.

[bazanster2]

2 Day Fed meeting starts Tuesday. Retail earnings from Retailers, Wal-Mart and Macy's.
Sysco earnings due today.
The DOW MACD fast red line in inverting with the slow blue line(bearish).
THE DOW MACD Histogram trending down, near -0-.
The Stochastic is in the Overbought range and next leg looks downward.
Would expect to see a correction within the next 2 weeks.

Going with DOWN on Monday,

gl,

baz

.................................................. ..................

GOOD NEWS FOR ALL YOU HOTDOG VENDORS OUT THERE:

NEW YORK – Homeowners aren't the only ones in hot water over overpriced real estate.
A New York City hot dog vendor has been evicted from his prize spot outside the
Metropolitan Museum of Art because he couldn't pay a whopping rent bill of nearly $54,000 a month.

Snack cart owner Pasang Sherpa of Queens had a deal with the city's parks department that required
him to pay almost $643,000 per year for the vending rights near the museum steps.
He says he was $310,000 behind on his payments when he was evicted.
The Parks Department had auctioned off the rights to the spot last year.
.................................................. ...........................
Dallas--Zale Corp. has announced the closure of 118 underperforming stores
during the fiscal fourth-quarter ended July 31, 2009
retailer has shuttered a total of 191 underperforming stores in calendar year 2009: 160 retail stores and 31 kiosks.
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5 trillion of Debt financing has to be done this year Worldwide.
With the amount of money need to be borrowed Worldwide this year and next,
vs. the dwindling amount available have to wonder how long interest rates can stay so low?

[bazanster2]

NEW YORK (AP) -- Stock futures are little changed Tuesday as investors await new data on productivity
and wholesale inventories and as the Federal Reserve begins a two-day meeting.

The productivity of U.S. workers grew in the second quarter at the fastest pace in almost six years as
employers squeezed more out of remaining staff to bolster profits.

Gotta love Capitalism, "you do all the work, we´ll keep all the of the profits"


Labor costs decreased at a 5.8 percent pace, the second consecutive drop and the biggest since 2001.
Expenses were down 0.6 percent over the last four quarters, the biggest fall in five years.

Going with UP on Tuesday,

gl,

baz
.................................................. ..........................


Economic Reports:
Productivity-Prel....+6.4%
Unit Labor Costs.....-5.8%
Wholesale Inventories 10:00am(Eastern)


BEIJING (AP) -- China's exports, retail sales and factory output improved in July, the government said Tuesday.

Treasury Department prepares this week to auction off a record $75 billion in debt

[StarnetGypsy]

Originally Posted by bazanster2

The productivity of U.S. workers grew in the second quarter at the fastest pace in almost six years as
employers squeezed more out of remaining staff to bolster profits.

Gotta love Capitalism, "you do all the work, we´ll keep all the of the profits"

ya know what i'm lookin' forward to Baz? more companies going to employee owned & operated. would love to see an upsurge in employee takeovers of small to middle sized companies

[bazanster2]

With the Economic Recovery still somewhat tenative,
doubtful that the FED increases rates.
Although I believe the Market is headed for a correction soon,
going with UP today,

gl,

baz

Economic Reports:
Trade Balance 8:30am(Eastern)
Crude Inventories 10:30am(Eastern)
Treasury Budget 2:00am(Eastern)
FOMC Rate Decision 2:15(Eastern)

Asian shares hit as Chinese stocks lose nearly 5%.
Investors cautious ahead of Fed statement.
---------------------------------------------
Starnet Gypsy,

That would be a good development.
Think that productivity would improve quite a bit in
employee owned Companies as the employees have an actual stake in
the Company. Instead of the fruits of their labor going to shareholders
and top executives.

[bazanster2]

U.S. stock futures rose Thursday, buoyed by the Federal Reserve's economic outlook and upbeat readings on growth in Europe.
The recession in the 16 countries that use the euro eased substantially between April and June after unexpected growth
in Germany and France, the currency bloc's two largest economies.

WASHINGTON (AP) -- The number of U.S. households on the verge of losing their homes rose 7 percent from June to July,
as the escalating foreclosure crisis continued to outpace government efforts to limit the damage.
Foreclosure filings were up 32 percent from the same month last year.

Will go with the Future Indicators 15 minutes before Opening Bell:

Pre-Market: Stock Trading Before the Markets Open from CNNMoney.com

gl,

baz
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Economic Reports:
Export Prices 8.30am(Eastern)
Import Prices 8:30am(Eastern)
Initial Claims 8:30am(Eastern)
Retail Sales 8:30am(Eastern)
Business Inventories 10:00am(Eastern)

[bazanster2]

Going with UP on Friday with hopes that the later economic reports are positive.

gl,

baz
.................................................. ............

Economic Reports:
Core CPI.......+0.1%
CPI.............0.0%
Capacity Utilization 9:15am(Eastern)
Industrial Production 9:15am(Eastern)
Michigan Industrial Production 9:15am(Eastern)

Retailers Abercrombie (ANF) and J.C. Penney are slated to report before the opening bell.


Aug. 14 (Bloomberg) -- More than 150 publicly traded U.S. lenders own nonperforming loans
that equal 5 percent or more of their holdings.
The number of banks exceeding the threshold more than doubled in the year through June,
according to data compiled by Bloomberg, as real estate and credit-card defaults surged.
Almost 300 reported 3 percent or more of their loans were nonperforming.
U.S. list of “problem banks,” which stood at 305 in the first quarter.
Excluding the stress-test list, banks with nonperformers above 5 percent had combined deposits of $193 billion,
according to Bloomberg data. That’s almost 15 times the size of the FDIC’s deposit insurance fund at the end of the
first quarter.
About 2.6 percent of the $7.74 trillion in bank loans outstanding in the U.S. at the end of
March were nonaccruing, the highest in 17 years.

Full Article:
Toxic Loans Topping 5% May Push 150 Banks to Point of No Return - Bloomberg.com

[bazanster2]

Wall Street looked to plunge at the opening of trading Monday as investors around the
world feared that consumers are too anxious to help lift the economy into recovery.

The Shanghai stock market fell almost 6 percent and the major indexes in Europe were all down more than 1.5 percent.
Japan's Nikkei stock average fell 3.1 percent
Britain's FTSE 100 fell 1.9 percent, Germany's DAX index fell 2.2 percent, and France's CAC-40 fell 2.5 percent.

Lowe's Cos. said poor weather and cautious consumer spending caused sales to fall 19 percent in the second quarter.

Not much of a rebound in Future Indicators after the positive Empire Report.
Going with DOWN on Monday.

gl,

baz


Economic Reports:
Empire Manufactuing...12.08 which is considerably better than the 3.00 forecasted.
Net Long-Term TIC Flows 9:00am(Eastern)

[bazanster2]

Would expect a rebound today, however due to the number of early reports,
going with the Leading Indicators:
Pre-Market: Stock Trading Before the Markets Open from CNNMoney.com

gl,

baz
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European stock markets bounced back Monday, helped by some upbeat German economic data.

Home Depot Inc. said Tuesday that its fiscal second-quarter profit fell 7 percent.


Economic Reports:
Building Permits 8:30am(Eastern)......Market expecting 576k, briefing forecast 565k, big difference.
Core PPI 8:30am(Eastern)...............0.1%
PPI 8:30am(Eastern)...................-0.2%
Housing Starts 8:30am(Eastern)........Market expecting 598k, briefing forecast 580k, again difference.

[StarnetGypsy]

Originally Posted by bazanster2

Would expect a rebound today

you're on a roll, Baz!

[bazanster2]

Going with DOWN on HUMP Day,
looks like a good day for the Bond Market.

gl,

baz


Economic Report:
Crude Inventories 10:30am(Eastern)
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LONDON (AP) -- World markets sank Wednesday as investors were spooked by sharp losses in China that strengthened fears stocks are now overpriced after this year's powerful rally. U.S. markets were also set to open lower.
Shanghai's index fell as much as 5 percent on worries that the Chinese government's easy credit policy to support the economy will not fuel a sustainable recovery.
The index has lost nearly 20 percent this month on worries about corporate profits

Germany's DAX fell 0.6 percent, while Britain's FTSE 100 dropped 0.4 percent. France's CAC-40 fell 0.3 percent.
.................................................. .................................................. ...
Alcoa slipped -3.6% in pre-market NY trading as Goldman Sachs downgraded the company to neutral from buy.

Deere & Co. posted 3rd Q. profits of 99 cents beating the 56 cent estimate.
.................................................. .................................................. .
Confidence in the world economy surged to a 22-month high in August on signs the first global recession since World War II is approaching an end, a Bloomberg survey of users on six continents showed last week.

.................................................. .................................................. ..
The U.S. unemployment rate dropped in July for the first time since April 2008.
.................................................. .................................................. ...

The IMF is the world's third largest owner of gold reserves. The IMF holds 3,217 metric tons
The number-one holder of gold is the United States, followed by Deutsche Bundesbank.

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[bazanster2]

Starnet Gypsy,

Just hope I can keep it rolling.
It´s been a very difficult time in calling the Markets.
Again, miss those good ole´Bull Market Days.

ps. Also Hope you didn´t jinx me.

Here´s an important PUBLIC SERVICE ANNOUNCEMENT:
YouTube - schmoyoho's Channel

[StarnetGypsy]

Originally Posted by bazanster2

ps. Also Hope you didn´t jinx me.

nahhh. jinx's are reserved for the Mess Hall

lol ... that's a cool you'vid. i actually enjoyed it

... and i leave you with this, "The only constant is change."