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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (77144)	8/1/2011 12:38:21 PM
From: carranza2	6 Recommendations Read Replies (2) \| Respond to of 217825

I think we are looking at a turnaround in US fiscal policy. For all the bitchin and moanin, what took place is in my estimation salutary. A first step towards listening to the voices in the wilderness like David Walker, who has been preaching about our fiscal problems for years. So I congratulate the Tea Party, though I find the politics of its leadership abominable and would not dream of voting for a single one of them. It took a radical few to change directions, and if that is all they accomplish, they have served a good purpose. No legislator is in the future going to approve additional expenditures without thinking of the repercussions. Is this the beginning of the ship of state slowly making a stop, reversing direction? Could be, but reversing the ship of state's direction is a very difficult process. We shall see. Place your bets.

To: TobagoJack who wrote (77144)	8/1/2011 1:46:24 PM
From: 2MAR$	Read Replies (1) \| Respond to of 217825

Noted Platinum & Palladium up early and Ag really give them the "one finger salutation" and with that gesture finished has pulled back off 1634 Its trading like they're about to get news of the Credit downgrade ...as stated S&P wanted to see $4Trill knocked off the debt & what they're hearing is $900mil with 2Tril to be debated later which leaves a good risk of this happening now ..not the end of the world if the US loses its cherry but there you are & alot of traders think its already a fait accompli . ...this would definitely take the S&P down to test that 1260 now. The ISM manufacturing report was at its lowest level in three years, though the construction spending report was slightly higher than expected. The mildly positive construction news was greatly outweighed by the magnitude of the miss of the ISM report, turning the market lower. The averages fell apart, with the Dow hitting triple digit losses, leaving the sellers in control at the mid-point of the day... Manufacturing sector growth slowed more than expected in July, as the Institute for Supply Management index fell to 50.9, below expectations of 54.5. The ISM Prices Paid index fell to 59.0, versus the expected reading of 64.4. Construction spending increased 0.2% in June, while analysts expected an increase of 0.1%...