Well would you look at that. The Spoo came up to 1492 yesterday (1496.75 was the high print on the e-mini), tried to find equilibrium around 1490 and then took a late day dive (reeejected). Continued to deteriorate today. The short term trend is down. Asia is taking it on the [...]

I recently read this tidbit about a “legal case” in Saudi Arabia. A Shiite woman who was sexually assaulted by a group of 6 Sunni men was herself sentenced to 90 lashes of the whip for putting herself into the situation and therefore tempting the men (the men were also sentenced to jail terms). What [...]

As you can see from the chart of the CRB, commodity prices did in fact head higher in the short to intermediate term since we last looked at it here on September 28th (never mind that the CRB dropped 10 points starting the day after we called for them to go higher in the short [...]

It is coming to this. The government is trying to change cultural expectations relating to privacy. This story is all over, but I originally saw it on Slashdot here. I was watching Fahrenheit 451 on television last week. In it a government fearful of allowing people to read things not controlled [...]

I have to believe that if the administration has any sense, they will instruct or “allow” treasury to organize the undertaking of an exercise (responsibility obfuscated enough there?) to punish speculators who are selling the dollar imminently. There have started to be some musings about this in the press. The selling point for the cowboy [...]

Markets rarely go straight down. Though the Nikkei is right now opening the week down 500, the Shanghai Index is down 200 and the Hang Seng down almost 1200 points, the S&P futures are down only about 6 points. If I had to guess, I would say that in the absence of additional [...]

I was just reading this article which summarizes a UN report on cloning which got me laughing, well, um, hysterically. The report can be downloaded here. A choice quotation is provided:
“Whichever path the international community chooses it will have to act soon — either to prevent reproductive cloning or to defend the human [...]

I do believe we are witnessing a major turning point in world equities markets with commodities soon to follow. Below is the chart of the Hang Seng index. That looks like an island reversal, confirmed by last nights session in Hong Kong where the Hang Seng was down a massive 5%, over 1500 [...]