Pick The Dow

[Bostongambler]

Missed the call today Baz. But you are looking more than fine.


+200 now

[Bostongambler]

Oil down 1.45 to 119

[Bostongambler]

There you go Baz.


+331.62

[Bostongambler]

UP on Hump Day.

[Bostongambler]

+40.30

[Bostongambler]

Down on Thurs.

[bazanster2]

BG,

Another good call yesterday, keep rolling.

Agree with you today.
Seems that the Market has entired a more optimistic period.
Lower oil prices have helped.
Betting against 3 straight Up days.

Going with DOWN on Thursday.

Economic Reports:
Intial Claims 8:30 am(Eastern)
Pending Home Sales 10:00am(Eastern)
Consumer Credit 3:00am(Eastern)


Futures suggest a lower open after disappointing results from two Dow components.
AIG (AIG) reported a second quarter loss.
Shares of Wal-Mart (WMT) are down 3.4% in premarket trading after the company reported
July same-store sales rose 3%, which fell short of the Briefing.com consensus that called for 3.3% growth.

Meanwhile, crude prices are up 1.7% to $120.60 per barrel, which follows
a drop of more than 5% over the three previous sessions.

Initial jobless claims increased by 7,000 to 455,000 in the week ended Aug. 2the most since March 2002,
from 448,000 the prior week. The number of continuing claims increased to a four-year high.

As expected, the European Central Bank left its benchmark unchanged at 4.25%,
and the Bank of England left its rate at 5.00%.


gl,

baz

[Bostongambler]

-224

[Bostongambler]

Down on Friday.

[bazanster2]

BG,

Not a good day for the Market yesterday:

"Stocks tumbled after insurer American International Group Inc. reported a loss of more than $5 billion
for the second quarter and the government reported that the number of people seeking unemployment
benefits spiked last week to its highest level in more than six years. And generally weak reports from
retailers left investors worried about the health of the economy."

Going with DOWN, speculating that Inventory Number worse than expected.
Just a guess.

Productivity 8:30am(Eastern)
Wholesale Inventories 10:00am(Eastern)

have a great weekend,

gl,

baz

[Bostongambler]

Wow were we wrong...lol


up over 300

[Bostongambler]

Down on Monday.

[bazanster2]

BG,

We couldn´t have been more wrong Friday.


"Wall Street is relieved that the price of oil has fallen more than $30 from its
July 11 high of $147.27, easing worries about overall inflation and a key pressure point for consumers."

We start the week looking at higher oil prices. "oil prices ticked higher on concerns
over fighting between Russia and Georgia."

Going with DOWN on Moday,

gl,baz

[Bostongambler]

+48

[Bostongambler]

Down on Tues.

[drunkguy]

Originally Posted by Bostongambler

Down on Tues.

oil problems in Russia, gotta go with Down today

[bazanster2]

BG,

Futures slightly negative.
JP Morgan reported 1.5 Billion loss.
Ditto for UBS AG
Lower oil prices hit a 3 month low yesterday.

Economic Reports:
Trade Balance 8:30 am (Eastern)
Treasury Report 2:00 on (Eastern)

Aug. 12 (Bloomberg) -- The U.S. trade deficit unexpectedly narrowed in June
as the biggest jump in exports in more than four years overcame record imports of petroleum.
The gap shrank 4.1 percent to $56.8 billion from a revised $59.2 billion in May that was smaller
than previously estimated, the Commerce Department said today in Washington.

LONDON (AFP) — Crude prices slid further on Tuesday, as traders took their direction from the
strengthening dollar and Russia, which ordered a halt to its military offensive against Georgia,
traders said.

Generally would fade this Market after back-to-back Up days.
However, the better than expected trade number and lower oil prices may help off set the

negative news from the Financials.
Going with UP on Tuesday,

gl,

baz
-----------------------------------------------------------------------

More borrowers with good credit are defaulting on their home loans,
and that's going to make it even harder for the staggering housing market to recover.
Delinquencies for prime loans of more than $417,000, so-called jumbo loans.
They rose to 4.03% of outstanding loans in May, compared with 1.11% a year earlier.
And prime loans issued in 2007 are performing the worst of all, failing at a
rate nearly triple that of prime loans issued in 2006,
The delinquency rate for prime mortgages worth less than $417,000 was 2.44% in May,
compared with 1.38% a year earlier, according to LoanPerformance


--------------------------------------------------------------------------
Report says most corporations pay no federal income taxes; lawmakers blame loopholes


WASHINGTON (AP) -- Two-thirds of U.S. corporations paid no federal income taxes between 1998 and 2005,
according to a new report from Congress.
The study by the Government Accountability Office, expected to be released Tuesday, said about 68 percent
of foreign companies doing business in the U.S. avoided corporate taxes over the same period.
Collectively, the companies reported trillions of dollars in sales, according to GAO's estimate.

"It's shameful that so many corporations make big profits and pay nothing to support our country,"
said Sen. Byron Dorgan, D-N.D
"Half of all business income in the United States now ends up going through the individual tax code,"
More than 38,000 foreign corporations had no tax liability in 2005 and 1.2 million U.S. companies paid no income tax,
the GAO said. Combined, the companies had $2.5 trillion in sales.
About 25 percent of the U.S. corporations not paying corporate taxes were considered large corporations,
meaning they had at least $250 million in assets or $50 million in receipts.
"It's time for the big corporations to pay their fair share," Dorgan said.

[Bostongambler]

-139

[Bostongambler]

Down on Hump Day.