The nice thing about holidays is that they are predictable from a market standpoint. Not saying the market will go up, but the price of gold is up $12 when I looked and there’s a normal trend to see an upward spike in the market the day or three before a holiday and that’s tomorrow. So a hundred points up shouldn’t be surprising.
On the other hand, when I looked at Yahoo Finance this morning, I’m sure this was a misprint:
“06:26 am : [BRIEFING.COM] S&P futures vs. fair value: +1356.80. Nasdaq futures vs fair value: +2616.20.”
That would put the Dow over 22,000 this morning…
Still more people weighing sin on the LIBOR shenanigans laid to Barclay’s feet. Anyone who had a loan, credit card, or mortgage tied to LIBOR rates may have been used in this.
Meantime, I wonder if the US Fed will back off its recent long-term (2014) commitments on rates now that this LIBOR (and whatever the knock-on’s are) is falling apart?
It’s one of those interesting quirks of statistics that we have a Dimon in the US and the Barclays dude was a Diamond…what are the odds? 100%, sure, but really, how many people are there with those two names and….hmmm…I don’t personally know a Dimon or a Diamond, the closest I can get is a couple of precursor Coles. Maybe when Coles take enough heat and pressure they change their names.
My astro friends will point out daimonds are the gem of Venus, if I remember right.
The War Dance
Choose up partners: Syria or Iran? On the one hand, Iran has its lawmakers working on legislation which would close the Strait of Hormuz. On the other a human rights outfit is demonizing president Assad, saying he’s got to go…so another spin of the Middle East Wheel of Regimes is coming.
The Human Rights Watch report (with interactive map here) is getting some traction, but it’s curious to see how when HRW reports are on the side of the US/West agenda they are front page kind of news, but when the West gets caught with its hands in the cookie jar the group gets ignored. For example, US use of solitary confinement didn’t get a lot of notice… Oh, but that doesn’t feed “the machine” does it?
We Are Not Alone
…seems the Financial Times is noticing the drought and heat in the “square states” may turn into higher food prices or less food being available. “Heatwave threatens US grain harvest”
You ever wonder why waistline is not spelled the other way? Food stories get to wondering about the things… wasteline seems, oh…..
Airbus is putting a plant in Alabama. Boeing says airliner demand will top 34,000 new jets over the next 20-years as fleets age and fuel efficiency comes along and third worlds move into second worlds and so forth.
Hmmm…so when a story about how likely Earth is to an asteroid strike shows up on Fox, does that mean something (as in a synchronicity)? Or, just normal science coverage? Hmmm…have till next year linguistically.
More after this…