Baltic Dry Index. 1509 -09 Brent Crude 45.76
Spot Gold 1942
Coronavirus Cases 27/8/20 World 24,336,864
Deaths 829,684
August 27, 1859 US Oil
Starts Flowing.
The first modern oil well in
America was drilled by Edwin Drake in Titusville, Pennsylvania in 1859. The
discovery of petroleum in Titusville led to the Pennsylvania 'oil rush', making
oil one of the most valuable commodities in America.
Some dates in history are more interesting
than others. Today in 1859, the first oil well drilled in America began
producing. On the same date, but in 1883, the volcano Krakatoa blew up in
spectacular fashion, unless you were unfortunate enough to be too close by.
Today, we merely await the gospel according
to Fed Chairman Powell. And an acceptance speech by President Trump. Rather a
let-down, in comparison, I suspect.
Of course, hurricane Laura’s landfall later
today might alter everything, but hopefully not.
We open with yet more boom times in
the stock casinos. Will the stock boom be enough to re-elect President Trump?
Asia shares take a breather, hope for flexible Fed
August 27, 2020 /
12:52 AM
SYDNEY
(Reuters) - Asian shares touched two-year peaks on Thursday in the wake of Wall
Street’s record run as cheap cash drove up big-cap tech darlings, although
Sino-U.S. tensions caused caution to creep in as the session progressed.
MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS turned flat after earlier reaching its highest since August 2018.
Japan's Nikkei .N225 eased 0.4% from levels not seen since mid-February, and South Korea .KS11 fell 0.8% as a jump in coronavirus cases ended four days of rises.
Even S&P 500 futures ESc1 dipped 0.2%, although that followed five straight sessions of gains.
Asian investors turned more circumspect because of the military face-off in the South China Sea, as Washington blacklisted 24 Chinese companies while Beijing reportedly test fired missiles into the area on Wednesday.
Yet markets globally are still focused on the endless liquidity being pumped out by central banks.
Federal Reserve Chair Jerome Powell is expected to outline a more flexible approach to policy on Thursday including a shift to targeting an average inflation rate around 2% that will allow rates to stay super-low for longer.
“So with U.S.-China tensions seemingly not a major concern, the deluge of fiscal and monetary support remains the overriding tail wind for risk assets with large cap the beneficiaries,” said Rodrigo Catril, a senior FX strategist at NAB.
The Dow .DJI ended Wednesday up 0.3%, while the S&P 500 .SPX climbed 1.02% and the Nasdaq .IXIC 1.73%. Gains were again concentrated in the tech majors with Netflix Inc (NFLX.O) surging 11.6% and Facebook Inc (FB.O) 8.2%.
The liquid largesse from central banks has kept sovereign bonds well supported even as stocks reach new highs. Yields on 10-year Treasuries US10YT=RR have steadied at 0.68%, after finding solid bids around 0.73%.
More
Laura explodes into Category 4 hurricane packing 150-mph winds
By AccuWeather
meteorologist & AccuWeather
senior meteorologist
Published Aug. 25, 2020 1:37 PM | Updated Aug. 27, 2020 5:15 AM Hurricane Laura's outer bands began lashing the Gulf Coast on Wednesday afternoon and forecasters' warnings grew more dire as the menacing storm crept closer to land. Hundreds of thousands have already fled from the ferocious storm, which is now the first major hurricane of the extremely busy 2020 Atlantic season. Experts are warning of potentially devastating storm surge and hellacious winds that could top 150 mph at landfall.
The storm had continued to intensify on Wednesday,
after exploding into the first major
hurricane of the 2020 Atlantic season in the morning. Laura is an
extremely dangerous Category 4 storm, packing maximum sustained winds of 150
mph. The eye of Laura was about 60 miles south of Lake Charles, Louisiana, at
11 p.m. CDT Wednesday, moving north-northwestward at 15 mph.
Forecasters expect Laura to make landfall near the
Texas-Louisiana border as a Category 4 hurricane.
The storm is rated a 4 on the AccuWeather
RealImpact™ Scale for Hurricanes, a new method the company
introduced in 2019 to better assess the overall potential damage a storm could
cause than the Saffir-Simpson Hurricane Wind Scale, which only factors in
wind impacts.
Morehttps://www.accuweather.com/en/hurricane/hurricane-laura-could-slam-into-louisiana-as-category-4-storm/800521
Elsewhere, more of the same old story. Boom times in the central bank funded stock casinos, dire times looming in the real economy.
U.S. Commercial-Property Prices Fall With Worst Yet to Come
· Hotel, retail and office values
all decline year-over-year
U.S. commercial real estate prices are falling as the economic toll of
the Covid-19 pandemic worsens -- and the decline is just getting started.
Indexes for office, retail and lodging properties all slipped
year-over-year in July, data from industry tracker Real Capital Analytics Inc.
show. Transaction volume plummeted to $14 billion across all sectors, down 69%
from July 2019.
“The worst is yet to come,” Real Capital Senior Vice President Jim
Costello said in a telephone interview. “We’re not seeing the fallout yet of
owners selling properties and taking a loss.”
Commercial real estate deals have been in a deep freeze as lenders give
borrowers slack to defer payments and landlords are reluctant to drop asking
prices. That may change in the next few months as debts mount and the outlook
dims for retail, hotel, office and even apartment properties that already
suffered from oversupply before the pandemic hammered the U.S. economy.
“I wouldn’t be surprised if we start to see some of it start to break in
September or October,” Costello said.
Hotel prices dropped 4.4% in the year through July, while retail
declined 2.8% and offices fell 0.9%, according to Real Capital. Apartment
building prices climbed 6.9%, and industrial values rose 8.3%, leading to a
1.5% gain for all property types in the period.
On a monthly basis, industrial prices jumped 0.9% from June, while
apartments gained 0.2% and other sectors fell.
The last time office prices slipped year-over-year before the pandemic
was January 2011. In central business districts of cities such as New York, San
Francisco and Boston, prices started recovering from the Great Recession in the
fourth quarter of 2010.
More
Why a Historic Eviction Wave Is Bearing Down on U.S.
Noah Buhayar August 26, 2020, 12:00 AM EDT
With more than 16 million people in the U.S. out of work, Americans are having to stretch financially to keep the roof over their heads. According to the Census Bureau, about a third of renters said in July that they had no confidence or slight confidence in their ability to pay for housing in August.
With Republicans and Democrats in a stalemate over whether to extend an eviction moratorium and supplemental unemployment benefits, experts are warning that the country is poised for an eviction crisis of historic proportions.
1. How many people could face eviction?
About 30 million Americans are “at risk” of being evicted in coming months because they can’t pay rent, according to a review of the Census survey data by the Aspen Institute Financial Security Program and the Covid-19 Eviction Defense Project, a coalition of researchers. Management consultant Stout Risius Ross, in its analysis of the Census data, put the number at 40 million. Eviction is a legal process, and the burden on landlords differs by state. But the mere threat of eviction often is enough for landlords to get someone to move out. Many landlords have been working with tenants in the hopes that more emergency rental assistance is on its way. Absent that help, the U.S. is heading for a massive wave of housing displacement and insecurity. More people will double up with family or end up homeless.More
https://www.bloomberg.com/news/articles/2020-08-26/why-a-historic-eviction-wave-is-bearing-down-on-u-s-quicktake?srnd=premium-canada
UK watchdog says mortgage payment holidays to end Oct. 31
August 26, 2020
/ 10:46 AM
LONDON (Reuters) - Britain’s financial watchdog has called on banks to
continue supporting homeowners who are struggling to pay their mortgages since
the pandemic, after confirming that it would no longer require lenders to offer
repayment holidays after Oct. 31.
The FCA had extended the scheme, which allows mortgage customers to
defer payments if they have been impacted by the coronavirus, for a further
three months from its original June end-point.
The FCA said lenders should consider a range of alternative support
measures for customers in financial difficulty, including further payment
deferrals but the regulator stopped short of requiring firms to offer such
support.
“We are proposing that firms contact their borrowers in good time before
the end of a payment holiday, and work with them to come up with a tailored
plan to help get them back on track,” said Christopher Woolard, Interim Chief
Executive at the FCA.
Britain’s finance ministry said more than 1.9 million borrowers have
taken advantage of the scheme to delay payments since it was launched in March.
Banks have been told they should not treat borrowers halting payments
under the scheme as being automatically in default, but should consider whether
their cashflow is likely to recover once various government support schemes
end.
The FCA on Wednesday confirmed borrowers coming to the end of a payment
holiday who were in need further support would now have that fact reflected on
their credit files.
The watchdog’s guidance confirms customers who apply for a three month
payment deferral before the end of October should be granted one lasting until
the end of January.
Germany Extends Job-Preserving Aid to Foster Crisis Recovery
By Arne Delfs and Raymond Colitt
August 25, 2020, 8:43 AM GMT+1 Updated on August 26, 2020,
7:33 AM GMT+1
Germany extended a program that has kept millions of people
from losing their jobs to help Europe’s biggest economy recover from the
coronavirus crisis.At a meeting in Berlin that ended late Tuesday, Chancellor Angela Merkel’s coalition agreed to provide job-preserving subsidies until the end of 2021. The subsidies, known in German as “Kurzarbeit” and originally intended for 12 months, pay the bulk of paychecks and allow companies to hold on to workers during an economic shock.
Finance Minister Olaf Scholz said that the extension will likely cost the federal government around 10 billion euros ($11.8 billion) next year.
“Right now it’s about stabilizing the economy,” Scholz said Wednesday in an interview with ZDF television. “Because we acted swiftly and comprehensively, it has helped Germany come through the crisis much better than many other countries.”
Germany has used the compensation program to prevent mass layoffs before, helping the country weather the financial crisis just over a decade ago when Scholz was Labor Minister. There were about 5.6 million people receiving the benefits in July, compared with 7 million people in May, according to the Munich-based Ifo Institute for Economic Research.
The expanded benefits were part of a huge spending package aimed at helping the country emerge from the worst crisis in the postwar era, and the extension indicates that a rebound may take longer than initially anticipated.
More
Next,
does this look like a “V” shaped recovery? Does this look like any sort of
recovery at all?
As permanent economic damage piles up, the Covid Crisis is looking more like the Great Recession
How permanent job losses threaten to transform temporary covid closures into a lasting recession
August 25, 2020
at 11:00 a.m. GMT+1
Long-term unemployment helped define the Great Recession.
Countless networks, relationships and skills that bound employee to employer
were ripped apart in the global financial crisis. It took about eight years for
the unemployment rate to recover from that brutal dislocation.
Now economists fear it’s happening all over again. The
devastating surge in unemployment in March and April was supposed to be
temporary, as businesses shuttered to avert the greatest public health crisis
in more than a century. Most workers reported they expected to be called back
soon.
But nearly half a year later, many of the jobs that were
stuck in purgatory are being lost forever. About 33 percent of the employees
put on furlough in March were laid off for good by July,
according to Gusto, a payroll and benefits firm whose clients include small
businesses in all 50 states and D.C. Only 37 percent have been called back to
their previous employer.
There were 3.7 million U.S.
unemployed who had permanently lost their previous job as of July, according to
the Labor Department. That figure doubled from February to June, held steady in
July, and is expected to hit between 6.2 million and 8.7 million by late this
year, according to a new
analysis from economists Gabriel Chodorow-Reich of Harvard University and
John Coglianese of the Federal Reserve Board.
More
Cruise lines are already canceling sailings into 2021
Princess Cruises announced Tuesday that it’s canceling sailings in early 2021 “due to limitations with border and port access.” The company also cited the “uncertainty of airline travel” as a reason for the cancellations, which will impact 29 sailings on two ships.The Carnival-owned cruise line made headlines earlier this year after hundreds of passengers became infected with the novel coronavirus on multiple ships.
The Island Princess and the Pacific Princess ships will not sail as
planned until at least April 2021, the company said. The cruises included the
World Cruises and Circle South America, with some sailings up to 111 days.
American ports on those voyages were Los Angeles and Fort Lauderdale.
“We share in the disappointment of this cancellation for guests of our
world cruises because it’s a pinnacle cruise vacation experience, booked by
some of our most loyal guests,” Princess Cruises president Jan Swartz said in a
news release.
Princess’s
decision follows an announcement from British cruise line Cunard, which said
Tuesday that it is halting some sailings until May. “Cunard
has extended its pause in operations to sailings up to March 25, 2021 for Queen
Elizabeth, April 18, 2021 for Queen Mary 2 and May 16, 2021 for Queen
Victoria,” the company said on its website.
Earlier this month, Miami-headquartered Crystal Cruises said it was canceling into January.
The Centers for Disease Control and Prevention has a no-sail order on cruise ships through Sept. 30, which bars any new passengers from boarding ships in U.S. waters. The cruise industry itself has canceled U.S. cruises past the order’s date, until at least Oct. 31.
More
Finally,
in honour of Edwin Drake, a little more about oil.
History of oil and gas: First discoveries
Oil and gas had already been used in some capacity, such as in lamps or as a material for construction, for thousands of years before the modern era, with the earliest known oil wells being drilled in China in 347 AD.The modern history of the oil and gas industry started in 1847, with a discovery made by Scottish chemist James Young. He observed natural petroleum seepage in the Riddings coal mine, and from this seepage distilled both a light thin oil suitable for lamps and a thicker oil suitable for lubrication.
Following these successful distillations, Young experimented further with coal and was able to distil a number of liquids including an early form of petroleum. He patented these oils and paraffin wax, also distilled from coal, in 1850, and later that year formed a partnership with geologist Edward William Binney.
The partners formed the first truly commercial oil refinery and oil-works in the world, manufacturing oil and paraffin wax from locally mined coal.
Young wasn’t the only scientist making discoveries about coal in the 19th century. In 1846, Canadian geologist Abraham Pineo Gesner refined a liquid from coal, oil shale and bitumen that was cheaper and burned more cleanly than other oils. He dubbed this liquid ‘kerosene’ and founded the Kerosene Gaslight Company in 1850, using the oil to light the streets of Halifax and later the US.
The first modern wells
From these initial discoveries, new businesses were created, with the coal industry now also seeking to create the oils developed by Young and Gesner.
Polish engineer Ignacy Łukasiewicz improved Gesner’s method to more
easily distil kerosene and petroleum in 1852, opening the first ‘rock oil’ mine
in Bóbrka, Poland in 1854.
The first oil well drilled was in the town of La Brea, Trinidad in 1857.
It was drilled to a depth of 280ft by the American Merrimac Company.
The first modern oil well in America was drilled by Edwin Drake in
Titusville, Pennsylvania in 1859. The discovery of petroleum in Titusville led
to the Pennsylvania ‘oil rush’, making oil one of the most valuable commodities
in America.
Morehttps://www.offshore-technology.com/comment/history-oil-gas/
Covid-19 Corner
This section will continue until it becomes unneeded.Coronavirus in Vacant Apartment Suggests Toilets’ Role in Spread
By Jason GaleTraces of SARS-CoV-2 were detected in February on the sink, faucet and shower handle of a long-vacant apartment, researchers at the Chinese Center for Disease Control and Prevention said in a study published this month in Environment International. The contaminated bathroom was directly above the home of five people confirmed a week earlier to have Covid-19.
The
scientists conducted “an on-site tracer simulation experiment” to see whether
the virus could be spread through waste pipes via tiny airborne particles that
can be created by the force of a toilet flush. They found such particles,
called aerosols, in bathrooms 10 and 12 levels above the Covid-19 cases.
Two
cases were confirmed on each of those floors in early February, raising concern
that SARS-CoV-2-laden particles from stool had drifted into their homes via
plumbing.
The new report is reminiscent of a case at Hong Kong’s Amoy Gardens private housing estate almost two decades ago, when 329 residents caught severe acute respiratory syndrome, or SARS, in part because of faulty sewage pipelines. Forty-two residents died, making it the most devastating community outbreak of SARS, which is also caused by a coronavirus.
“Although transmission via the shared elevator cannot be excluded, this event is consistent with the findings of the Amoy Gardens SARS outbreak in Hong Kong in 2003,” Song Tang, a scientist with the China CDC Key Laboratory of Environment and Population Health, and colleagues wrote in the study, which cited unpublished data from the health agency.
Apartments in multistory buildings may be linked via a shared wastewater system, said Lidia Morawska, director of the International Laboratory for Air Quality and Health at Australia’s Queensland University of Technology. While solids and liquids descend the network, sewer gases -- often detectable by their odor -- sometimes rise through pipes in the absence of sufficient water, said Morawska, who wasn’t part of the research team.
“If there’s smell, it means that somehow air has been transported to where it shouldn’t go,” Morawska said in an interview.
----Previous research has shown that toilet flushes can generate germ-laden aerosols from the excreta, the China CDC scientists said. Those particles can remain in the air for long periods and be dispersed over distances of more than 1 meter (3 feet), particularly in confined, poorly ventilated spaces.
Fecal aerosolization occurred with SARS, and it’s possible that it may rarely occur with SARS-CoV-2, depending on sewage systems, said Malik Peiris, chair of virology at the University of Hong Kong’s School of Public Health. The China CDC study found traces of virus, “which is not the same thing as infectious virus,” he said. “But one has to keep the possibility in mind.”
More
For Many Pandemic Victims, Lingering Effects Stress Insurance Coverage
Doctors and researchers warn that the need for extended and expensive care could burden public safety-net programs like Medicare
Aug. 25, 2020 5:30 am ET
The new coronavirus that infected Tricia Sales in March
still plagues her. The horse trainer and onetime cocktail server deals with
dizziness and nausea. At times, she can’t feel her hands and feet.Her five-month struggle has meant specialists, drugs, a spinal tap, imaging scans and 15 hospital visits. The uninsured single mother said she owes more than $100,000 in medical bills but is too sick to fully work.
“I have been too ill to deal with the bills and have been focused on mainly trying to feel better,” said Ms. Sales, 41 years old, who had qualified for a Medicaid program for people with high medical expenses that reduce their income. Some of her medical bills are being sent to collection agencies.
Ms. Sales is among a group of patients, the exact size of which is unknown, developing long-term medical problems from Covid-19 that require extended—and often expensive—medical care, stressing families’ financial security and taxing an already strained health system.
A number of doctors and researchers are warning the fallout from people who develop long-term health effects from coronavirus could ripple through the U.S. economy, burdening public safety-net programs such as Medicaid while leaving many patients with significant medical debt.
---- Covid-19, in some cases, can be lethal, killing more than 170,000 people in the U.S. so far. Other victims of the virus see no symptoms after a recovery that can take as little as a week or two. But a third category reports symptoms that linger for weeks, sometimes months, including extreme fatigue, shortness of breath, neurological issues and irregular heart rhythm.
---- About one-third of 270 nonhospitalized adults who tested positive for coronavirus said they hadn’t returned to normal health two to three weeks later, according to a survey published recently by the U.S. Centers for Disease Control and Prevention.
Eighty-seven percent of patients who had recovered from Covid-19 reported persistence of at least one symptom 60 days later, particularly fatigue and shortness of breath, according to a July 9 study by Gemelli University Hospital in Rome.
A picture is emerging of prolonged insurance coverage needs as a sharp economic downturn between February and May has left 5.4 million workers newly unemployed and uninsured, according to Families USA, a consumer health advocacy organization. Minorities make up a disproportionately large number of the newly unemployed, and thus uninsured.
More
https://www.wsj.com/articles/for-many-pandemic-victims-lingering-effects-stress-insurance-coverage-11598347801?mod=mhp
Study: Masks can block 99.9% of droplets from speech, coughs
Aug. 26, 2020 /
11:38 AM
Here's some reassuring news for those who wonder whether face masks
really work: New research shows a face covering can block 99.9% of respiratory
droplets when a person speaks or coughs, significantly lowering the risk of
coronavirus transmission.
Researchers at the University of Edinburgh in Britain conducted tests
with people and with a life-sized human model connected to a machine that
simulates coughs and speech.
"The simple message from our research is that face masks work. Wearing a face covering will reduce the probability that someone unknowingly infected with the virus will pass it on," said study co-author Paul Digard, a professor at the university's Roslin Institute.
To come to that conclusion, the team compared the number of droplets that landed on a surface in front of a person coughing and speaking without and with a surgical mask or a basic cotton face covering.
The tests showed that a person standing 6.5 feet from a coughing person without a mask is exposed to 10,000 times more droplets than someone 1.6 feet from a coughing person who is wearing one.
Even a single-layer cotton mask reduced the number of droplets by more than 1,000 times, according to the study published Aug. 17 on the preprint server medRxiv. Such research hasn't been peer-reviewed.
The findings could have implications for social distancing measures, according to the research team led by Ignazio Maria Viola.
"We knew face masks of various materials are effective to a
different extent in filtering small droplets," said Viola, of the
university's School of Engineering.
"However, when we looked specifically at those larger droplets that
are thought to be the most dangerous, we discovered that even the simplest
handmade single-layer cotton mask is tremendously effective," Viola said
in a university news release. "Therefore, wearing a face mask can really
make a difference."
https://www.upi.com/Health_News/2020/08/26/Study-Masks-can-block-999-of-droplets-from-speech-coughs/4851598450356/
Some useful Covid links.
Johns Hopkins Coronavirus
resource centre
Rt Covid-19
Covid19info.live
Technology Update.
With events happening
fast in the development of solar power and graphene, I’ve added this section.
Updates as they get reported. Is converting sunlight to usable cheap AC or DC
energy mankind’s future from the 21st century onwards.
25 August 2020
Beyond chip-and-PIN: graphene’s quick, hygienic solution to restaurant payment
A new graphene-based contactless payment system, developed in collaboration with the University of Manchester, has begun a restaurant pilot that could pave the way for the end of chip-and-PIN, cutting customer wait-time and reducing the risk of infectious transmission.‘Payper’ allows the customer to tap their phone on a smart till receipt that features a printed electronic antenna. The smartphone reads data from the antenna, triggering the bill, which is shown via the customer’s default browser. Android or Apple Pay checkout is then completed with two clicks, in less than five seconds with no app required.
Strength and flexibility
The role of graphene in the antenna is to provide high flexibility, conductivity and mechanical strength, which can be imparted onto the tight and variable curvature of the till roll.The project is led by Manchester start-up Payper Technologies, co-founded by Dr Thanasis Georgiou and Renate Kalnina (pictured right). Thanasis said: “Payper’s antennas combines graphene with metals and other components to realise a near-field communication device that can used as a direct swap for existing restaurant till rolls.
“By introducing just a small amount of graphene in the manufacturing process, we can translate its unique range of benefits into our ‘smart’ receipt rolls,” he added.
Lowry trial
The team has begun a live trial of the system at the River Restaurant of The Lowry Hotel in Salford.“We are delighted to be the flagship hotel in the UK trialling this new enhanced safety payment method to our customers,” said Adrian Ellis, General Manager at The Lowry Hotel.
“The University of Manchester first isolated graphene, so it really is a privilege to be using a product that not only makes the customer journey safer and more convenient, but is also supportive of the city in which the product was founded.”
Thanasis added: “The trial will be used to demonstrate the technology and provide validation of this pay-at-table solution, along with potentially demonstrating other benefits for restaurants, including increasing customer lifetime value, repeat visits and tips, and reducing table-turn time”.
Bridging the gap
Concurrent with the Lowry Hotel trial, the team is conducting further research and development on the system at the University’s Graphene Engineering Innovation Centre, supported by the European Regional Development Fund (ERDF) ‘Bridging the Gap’ programme. This will include moves towards an ‘all-graphene’ system, removing the metal components to make the product more sustainable and recyclable.James Baker, CEO of Graphene@Manchester said: “This is a great example of how we can help industry partners - including local SMEs - to accelerate graphene products towards the marketplace and deliver real-world benefits.
“Payper isn’t just about convenience,” he added. “The card machine is the one thing that all the waiting staff and at least one person from every table will touch over the course of a shift in a restaurant. If you can reduce those touchpoints with a truly contactless system, you have an elegant solution to reducing the risk of Covid transmission.”
https://www.manchester.ac.uk/discover/news/beyond-chip-and-pin-graphenes-quick-hygienic-solution-to-restaurant-payment/?_ga=2.252912448.810390123.1598441342-423680855.1594118507
1883 eruption of Krakatoa
The 1883 eruption of Krakatoa (Indonesian: Letusan Krakatau 1883) in the Sunda Strait began on the afternoon of Sunday, 26 August 1883—with origins as early as that May—and peaked on the late morning of Monday, 27 August 1883, when over 70% of the island of Krakatoa and its surrounding archipelago were destroyed as it collapsed into a caldera.The eruption was one of the deadliest and most destructive volcanic events in recorded history and explosions were so violent that they were heard 3,110 kilometres (1,930 mi) away in Perth, Western Australia, and Rodrigues near Mauritius, 4,800 kilometres (3,000 mi) away. At least 36,417 deaths are attributed to the eruption and the tsunamis it created.
More
The Monthly Coppock Indicators finished July
DJIA: 26,428 -1 Up. NASDAQ: 10,745 +243 Up. SP500:
3,271 +89 Up.
The NASDAQ
has remained up. The DJIA and SP500 have turned up. With stock mania running
fueled by trillions of central bankster new fiat money programs, I would not
rely on the indicators.
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