SPX:

I think it's all over.

Simply waiting for a violation of the lower trendline.

Note the last knife point bottom in the Stochastics. It was the last PPT pre-election shank.

The PPT's days are over. It's time to put the screws to the Dem's--though they'll do it to themselves, anyway.

Short safely soon, secure in the knowledge that the PPT is no longer a force to be reckoned with.

USMC Birthday/Veterans Day stock play-

FRPT- (Force Protection)

Makes monster sized, highly armored, special purpose combat vehicles. They make Humvee’s look like toys.


Buffalo 6X6 Model

I'm waiting until GM introduces the B1-Buffalo with leather interior and DVD entertainment package. This 1gal/mile beauty is perfect for navigating the new suburban mall jungle. Just in time for holiday shopping, too. Parking is a bitch, but, leading industry analysts don't see that reducing demand because they say so.

On a more serious note: The British confirmed an order for the smaller Cheetah heading for Iraq. The US has spent a great deal developing the stryker platform, which has preformed well in Iraq, that may slow adoption by the US.

They need a new next generation Playstation 3 interface with robotics setups that have dual recliner chairs and controllers. Satellites can download the map terrain and set things up before hand.

I'm waiting until GM introduces the B1-Buffalo with leather interior and DVD entertainment package. This 1gal/mile beauty is perfect for navigating the new suburban mall jungle. Just in time for holiday shopping, too. Parking is a bitch, but, leading industry analysts don't see that reducing demand because they say so.

On a more serious note: The British confirmed an order for the smaller Cheetah heading for Iraq. The US has spent a great deal developing the stryker platform, which has preformed well in Iraq, that may slow adoption by the US.

SPX:

I think it's all over.

Simply waiting for a violation of the lower trendline.

Note the last knife point bottom in the Stochastics. It was the last PPT pre-election shank.

The PPT's days are over. It's time to put the screws to the Dem's--though they'll do it to themselves, anyway.

Short safely soon, secure in the knowledge that the PPT is no longer a force to be reckoned with.

Markets About to Turn the Screws on the Fed?

A massive credit expansion facilitated by the Fed's monetary largesse fueled one of the world's greatest ever stock market bubbles, and when this bubble eventually went 'pop' in 2000 the Fed facilitated an even greater credit expansion in an effort to mitigate the economy-wide effects of the bursting stock market bubble. At that point the credit expansion began to influence other markets to a much greater extent than the stock market, causing a juvenile real estate boom to develop into the 'bid daddy' variety and setting in motion major upward trends in commodity prices.


http://www.safehaven.com/article-6207.htm

DJ Fed's Bernanke:Money Supply Too Hazy To Be Core Policy Tool


  WASHINGTON (Dow Jones)--Gauges of inflation and economic growth based on
measures of the U.S. money supply haven't been reliable enough over the years
to play a core role in monetary policy, Federal Reserve Chairman Ben Bernanke
said Friday.

  "Unfortunately, forecast errors for money growth are often significant, and
the empirical relationship between money growth and variables such as
inflation and nominal output growth has continued to be unstable at times,"
Bernanke said in remarks prepared for delivery to a European Central Bank
conference in Frankfurt.
  In his prepared speech, the Fed chairman did not discuss the specifics of
current monetary policy or the economic outlook. He was scheduled to take
questions from the audience.

  As an example of volatile money supply indicators, Bernanke noted that M2 -
a money supply measure including currency, demand deposits, time deposits,
savings deposits and non-institutional money market funds - shrank in the
fourth quarter of 2003 at the most rapid pace in about 44 years, even though
there was no apparent impact on prices or spending.

  Some economic theory supports a close link between money supply and monetary
policy. And in practice during the late 1970s and early 1980s then-Fed
Chairman Paul Volcker successfully fought double-digit inflation by targeting
non-borrowed reserves as a means of controlling M1 and M2 money supply
measures, Bernanke said. M1, the narrowest money supply category, includes
currency and demand deposits.

" But since 1982 when the Fed dropped its focus on non-borrowed reserves,
money and credit supply have not played a central role in monetary policy"It is, the
Fed chairman said.

  "In the United States, deregulation, financial innovation and other factors
have led to recurrent instability in the relationships between various
monetary aggregates and other nominal variables," he said.

  Money supply estimates have gotten harder over the years as U.S. banks
offered new types of accounts, and new payment technologies such as Internet
banking emerged, Bernanke said. Moreover, between one-half and two-thirds of
U.S. currency is now held abroad, making currency flow estimates imprecise, he
said.

  "Although a heavy reliance on monetary aggregates as a guide to policy would
seem to be unwise in the U.S. context, money growth may still contain
important information about future economic developments," he said, noting Fed
staff still work hard to model and project money supply.

  Bernanke said money growth considerations are "sensible as part of the
eclectic modeling and forecasting framework used by the central bank."

Just checkin' in from my new abode deep in the Heart of Texas....


Did anything of note happen while I was on the road this last week?    

I can already tell I'm going to like the extra hours of sleep in the morning. no more 5:30 AM wake up calls fur da big futures moves...7:30 is a much more reasonable hour!

Nice 300k block trade on SLW. Current volume at 43%.

DJ Fed Accepts $2.75 Bln In 3-Day RPs

Type of transaction: 3-Day RPs
Total accepted: $2.75 Bln
Total submitted: $41.95 Bln

Agency Collateral Operation
Total accepted:  None
Total submitted: $6.5 Bln
Stop-Out Rate:  N/A
Weighted Average:  N/A
High-rate submitted: 5.25%
Low-rate submitted: 5.22%

Treasury Collateral Operation
Total accepted: $2.75 Bln
Total submitted: $32 Bln
Stop-Out Rate: 5.25%
Weighted Average: 5.25%
High-rate submitted: 5.26%
Low-rate submitted: 5.2%

Mortgage-Backed Collateral Operations
Total accepted:  None
Total submitted: $3.45 Bln
Stop-Out Rate:  N/A
Weighted Average:  N/A
High-rate submitted: 5.26%
Low-rate submitted: 5.22%

-5.25B drain on the day.

DJ Al-Qaida In Iraq Tape:Grp Has Mobilized 12,000 Fighters

DJ Goldman Sachs In New York :Grp Has Mobilized 12,000 prop traders

     

I believe Goldman Sachs numbers more that Al-Qaida's,
I am sure Al-Qaida uses birth-death matrix to figure that number, it is like with monhly job numbers - it will be revised in months to come mostly due to death.