STOCK MARKET WATCH, Tuesday November 2

[ozymandius]

Source: du

STOCK MARKET WATCH, Tuesday November 2, 2010

AT THE CLOSING BELL ON November 1, 2010

Dow 11,124.62 +6.13 (+0.06%)
Nasdaq 2,504.84 -2.57 (-0.10%)
S&P 500 1,184.38 +1.12 (+0.09%)
10-Yr Bond... 2.61 -0.02 (-0.57%)
30-Year Bond 3.99 -0.02 (-0.47%)

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Market Conditions During Trading Hours

Euro, Yen, Loonie, Silver and Gold

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Handy Links - Market Data and News:Economic Calendar    Marketwatch Data    Bloomberg Economic News    Yahoo! Finance    Google Finance    Bank Tracker    
Credit Union Tracker    Daily Job Cuts

Handy Links - Economic Blogs:
The Big Picture    Financial Sense    Calculated Risk    Naked Capitalism    Credit Writedowns
Brad DeLong      Bonddad    Atrios    goldmansachs666    The Stand-Up Economist

Handy Links - Government Issues:
LegitGov    Open Government    Earmark Database    USA spending.gov

Handy Links - Videos:
The Coming Collapse of the Middle Class    Charlie Rose talks with Roubini    Charlie Rose talks with Krugman
    William Black: This Economic Disaster    Bill Moyers with Kevin Drum and David Corn

Bush Administration Officials Convicted = 2
Names: David Safavian, James Fondren

Bush Administration Officials Charged = 1
Name(s): Richard Lopez Razo

Financial Sector Officials Convicted since 1/20/09 = 11

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This thread contains opinions and observations. Individuals may post their experiences, inferences and opinions on this thread. However, it should not be construed as advice. It is unethical (and probably illegal) for financial recommendations to be given here.

Read more: du

[ozymandius]

1. G'morning.

:donut: I slept right through the alarm. It's going to be a brief stay for me today.

[Roland99]

8. Thought something was odd that I was the 5th rec

:)

have a good one.

[ozymandius]

2. no goobermental reports today n/t

[ozymandius]

3. Oil above $83 in Asia amid stronger manufacturing

BANGKOK – Oil prices rose above $83 a barrel Tuesday in Asia as stronger manufacturing in the world's two biggest economies — the U.S. and China — boosted optimism that demand for crude will improve.

Benchmark oil for December delivery was up 45 cents at $83.40 a barrel at late afternoon Bangkok time in electronic trading on the New York Mercantile Exchange. The contract
jumped $1.52 to settle at $82.95 on Monday.

Oil traders were more optimistic after two U.S. reports showed improvement in the manufacturing sector and in construction spending. Both came shortly after China said its manufacturing activity had improved.

http://news.yahoo.com/s/ap/oil_prices

[happyslug]

26. Duplicate

No Text (n/t)

[happyslug]

28. 2010 equals $20.52 in 1974, which is the year of the first Gas Crisis

http://data.bls.gov/cgi-bin/cpicalc.pl

While playing with the above cite, 1947 became the year where if you moved a decimal point one place, that refelcted the change in prices since that date i.e. a .05 cent candy bar in 1947 is now a .50 cent candy bar. A .10 cent drink, is now $1.00 drink.

[xchrom]

4. recommend

[Festivito]

5. Debt: 10/29/2010 13,668,825,497,341.36 (UP 10,013,039,951.85) (Fri)

(Up some. Good day.)
The big news in the morning was that elections had started in some states.
(Debt under Obama seems to jump up big then drop slowly maybe up a little and down a little for days--repeat.)
= Held by the Public + Intragovernmental(FICA)
= 9,069,879,047,803.52 + 4,598,946,449,537.84
UP 10,778,095,157.00 + DOWN 765,055,205.15

Source: Debt to the penny:
http://www.treasurydirect.gov/NP/BPDLogin?application=np

THINKING IN BILLIONS: Think 3 or 4 dollars per billion in a 311-Million person America.
If every American, man, woman and child puts in $3.22 THAT'S 1B$, and $3,219.71 makes 1T$.
A family of three: Mom, Dad, Child: $9.66, ABOUT TEN BUCKS for a 1B$ federal program.
I hope that is clear. However, I'd suggest using $3 per 1B$ to underestimate it.
Use $4 per 1B$ to overestimate the cost when thinking: Is the federal program worth it?
Aid to Dependant Children: 2B$/yr =$8/yr(a movie a year) Family of 3: $24/yr(an hour of bowling)

PERSONALIZED DEBT:
Every 12 seconds we net gain another American, so at the end of the workday of the report, there should be 310,587,392 people in America.
http://www.census.gov/population/www/popclockus.html ON 10/04/2010 04:37 -> 310,403,677
Currently, each of these Americans owe $44,009.6.
A family of three owes $132,028.79. (And that is IN ADDITION to their mortgage.)

ANALYSIS:
There were 22 reports in the last 30 days.
The average for the last 22 reports is 9,206,958,453.44.
The average for the last 30 days would be 6,751,769,532.52.

There were 252 reports in 365 days of FY2007 averaging 1.99B$ per report, 1.37B$/day.
There were 253 reports in 366 days of FY2008 averaging 4.02B$ per report, 2.78B$/day.
There were 75 reports in 112 days of GWB's part of FY2009 averaging 8.03B$ per report, 5.38B$/day.
There were 174 reports in 253 days of Obama's part of FY2009 averaging 7.33B$ per report, 5.07B$/day so far.
There were 249 reports in 365 days of FY2009 averaging 7.57B$ per report, 5.16B$/day.
There were 271 reports in 394 days of FY2011 averaging 6.49B$ per report, 4.46B$/day.
Above line should be okay

PROJECTION:
There are 814 days remaining in this Obama 1st term.
By that time the debt could be between 14.8 and 19.2T$.
It could be higher. It could be lower.

HISTORICAL:
President's term begins and ends on Jan 20.
(Guess who might want to hide the Reagan Bush years. Jan 20 data is missing before 1993.)
01/20/1993 _4,188,092,107,183.60 WJC Inaugural
01/22/2001 _5,728,195,796,181.57 WJC (UP 1,540,103,688,997.97)
01/20/2009 10,626,877,048,913.08 GWB (UP 4,898,681,252,731.43)
10/29/2010 13,668,825,497,341.36 BHO (UP 3,041,948,448,428.28 so far since Obama took office.)

FISCAL YEAR DEBT CHANGE, Sep 30 prior year to Sep 30 named year:
(One "* " for each 40B$ reached)
FY1994 +0,281,261,026,873.94 ------------* * * * * * * WJC
FY1995 +0,281,232,990,696.07 ------------* * * * * * * WJC
FY1996 +0,250,828,038,426.34 ------------* * * * * * WJC
FY1997 +0,188,335,072,261.61 ------------* * * * WJC
FY1998 +0,113,046,997,500.28 ------------* * WJC
FY1999 +0,130,077,892,735.81 ------------* * * WJC
FY2000 +0,017,907,308,253.43 ------------WJC
FY2001 +0,133,285,202,313.20 ------------* * * C&B
01-WJC +0,053,598,528,417.78 ------------* WJC 31% of FY, 40% of FY-Debt
01-GWB +0,079,686,673,895.42 ------------* GWB 69% of FY, 60% of FY-Debt
FY2002 +0,420,772,553,397.10 ------------* * * * * * * * * * GWB
FY2003 +0,554,995,097,146.46 ------------* * * * * * * * * * * * * GWB
FY2004 +0,595,821,633,586.70 ------------* * * * * * * * * * * * * * GWB
FY2005 +0,553,656,965,393.18 ------------* * * * * * * * * * * * * GWB
FY2006 +0,574,264,237,491.73 ------------* * * * * * * * * * * * * * GWB
FY2007 +0,500,679,473,047.25 ------------* * * * * * * * * * * * GWB
FY2008 +1,017,071,524,649.92 ------------* * * * * * * * * * * * * * * * * * * * * * * * * GWB
FY2009 +1,885,104,106,599.30 ------------* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * B&O
09GWB +0,602,152,152,000.60 ------------* * * * * * * * * * * * * * * GWB 31% of FY, 32% of FY-Debt
09-BHO +1,282,951,954,598.70 ------------* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * BHO 69% of FY, 68% of FY-Debt
FY2010 +1,651,794,027,380.00 ------------* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * BHO
FY2011 +0,107,202,466,449.60 ------------* * BHO
Endof11 +20,789,821,379,093.10 ------------| | | | | | | | | | | | | | | | | | | | per 1B Too much to predict at this time.

LAST FIFTEEN REPORTS OF ADDITIONS TO PUBLIC DEBT(NOT FICA):
10/08/2010 -000,047,594,597.51 ----
10/12/2010 -002,308,905,840.19 -- Tue
10/13/2010 +004,079,531,881.58 ------------*********
10/14/2010 -003,450,466,367.69 --
10/15/2010 +053,297,374,376.50 ------------**********
10/18/2010 +000,841,690,317.23 ------------******** Mon
10/19/2010 +000,443,038,294.93 ------------********
10/20/2010 +001,330,613,152.94 ------------*********
10/21/2010 -003,241,964,507.19 --
10/22/2010 -000,039,023,333.21 ----
10/25/2010 +000,057,456,608.35 ------------******* Mon
10/26/2010 +000,564,111,327.93 ------------********
10/27/2010 +000,111,394,550.30 ------------********
10/28/2010 -000,237,760,056.32 ---
10/29/2010 +010,778,095,157.00 ------------**********

62,177,590,964.65 Total of 15 above reports.

Heavy borrowing seems to start after 09/18/2008 while Bush was in power JUST BEFORE fiscal year end.
Bush admin borrowed $962,245,245,654.01 in those last 124 days in office crossing two fiscal years.
$360,093,093,653.42 in last 12 days of FY2008, and $602,152,152,000.59 in subsequent 112 days before leaving office.

For a prettier and more explanatory view of our nation's debt:
http://www.brillig.com/debt_clock
http://www.usdebtclock.org/
DUer primer on National debt

(Debt to the penny keeps changing. Stuff is missing. Best to keep our own history.) LAST REPORT:
http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=102&topic_id=4595578&mesg_id=4595590

[Festivito]

48. Debt: 11/01/2010 13,713,087,906,377.36 (UP 44,262,409,036.00) (Mon)

(Up a lot. Good day.)
Ahhh, a hotel with a pool. Not a great location though.
(Debt under Obama seems to jump up big then drop slowly maybe up a little and down a little for days--repeat.)
= Held by the Public + Intragovernmental(FICA)
= 9,133,022,353,341.35 + 4,580,065,553,036.01
UP 63,143,305,537.83 + DOWN 18,880,896,501.83

Source: Debt to the penny:
http://www.treasurydirect.gov/NP/BPDLogin?application=np

THINKING IN BILLIONS: Think 3 or 4 dollars per billion in a 311-Million person America.
If every American, man, woman and child puts in $3.22 THAT'S 1B$, and $3,219.48 makes 1T$.
A family of three: Mom, Dad, Child: $9.66, ABOUT TEN BUCKS for a 1B$ federal program.
I hope that is clear. However, I'd suggest using $3 per 1B$ to underestimate it.
Use $4 per 1B$ to overestimate the cost when thinking: Is the federal program worth it?
Aid to Dependant Children: 2B$/yr =$8/yr(a movie a year) Family of 3: $24/yr(an hour of bowling)

PERSONALIZED DEBT:
Every 12 seconds we net gain another American, so at the end of the workday of the report, there should be 310,608,992 people in America.
http://www.census.gov/population/www/popclockus.html ON 10/04/2010 04:37 -> 310,403,677
Currently, each of these Americans owe $44,149.04.
A family of three owes $132,447.11. (And that is IN ADDITION to their mortgage.)

ANALYSIS:
There were 21 reports in the last 30 to 31 days.
The average for the last 21 reports is 4,868,586,693.68.
The average for the last 30 days would be 3,408,010,685.58.
The average for the last 31 days would be 3,298,074,857.01.
There were 252 reports in 365 days of FY2007 averaging 1.99B$ per report, 1.37B$/day.
There were 253 reports in 366 days of FY2008 averaging 4.02B$ per report, 2.78B$/day.
There were 75 reports in 112 days of GWB's part of FY2009 averaging 8.03B$ per report, 5.38B$/day.
There were 174 reports in 253 days of Obama's part of FY2009 averaging 7.33B$ per report, 5.07B$/day so far.
There were 249 reports in 365 days of FY2009 averaging 7.57B$ per report, 5.16B$/day.
There were 272 reports in 397 days of FY2011 averaging 6.63B$ per report, 4.54B$/day.
Above line should be okay

PROJECTION:
There are 811 days remaining in this Obama 1st term.
By that time the debt could be between 14.8 and 17.9T$.
It could be higher. It could be lower.

HISTORICAL:
President's term begins and ends on Jan 20.
(Guess who might want to hide the Reagan Bush years. Jan 20 data is missing before 1993.)
01/20/1993 _4,188,092,107,183.60 WJC Inaugural
01/22/2001 _5,728,195,796,181.57 WJC (UP 1,540,103,688,997.97)
01/20/2009 10,626,877,048,913.08 GWB (UP 4,898,681,252,731.43)
11/01/2010 13,713,087,906,377.36 BHO (UP 3,086,210,857,464.28 so far since Obama took office.)

FISCAL YEAR DEBT CHANGE, Sep 30 prior year to Sep 30 named year:
(One "* " for each 40B$ reached)
FY1994 +0,281,261,026,873.94 ------------* * * * * * * WJC
FY1995 +0,281,232,990,696.07 ------------* * * * * * * WJC
FY1996 +0,250,828,038,426.34 ------------* * * * * * WJC
FY1997 +0,188,335,072,261.61 ------------* * * * WJC
FY1998 +0,113,046,997,500.28 ------------* * WJC
FY1999 +0,130,077,892,735.81 ------------* * * WJC
FY2000 +0,017,907,308,253.43 ------------WJC
FY2001 +0,133,285,202,313.20 ------------* * * C&B
01-WJC +0,053,598,528,417.78 ------------* WJC 31% of FY, 40% of FY-Debt
01-GWB +0,079,686,673,895.42 ------------* GWB 69% of FY, 60% of FY-Debt
FY2002 +0,420,772,553,397.10 ------------* * * * * * * * * * GWB
FY2003 +0,554,995,097,146.46 ------------* * * * * * * * * * * * * GWB
FY2004 +0,595,821,633,586.70 ------------* * * * * * * * * * * * * * GWB
FY2005 +0,553,656,965,393.18 ------------* * * * * * * * * * * * * GWB
FY2006 +0,574,264,237,491.73 ------------* * * * * * * * * * * * * * GWB
FY2007 +0,500,679,473,047.25 ------------* * * * * * * * * * * * GWB
FY2008 +1,017,071,524,649.92 ------------* * * * * * * * * * * * * * * * * * * * * * * * * GWB
FY2009 +1,885,104,106,599.30 ------------* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * B&O
09GWB +0,602,152,152,000.60 ------------* * * * * * * * * * * * * * * GWB 31% of FY, 32% of FY-Debt
09-BHO +1,282,951,954,598.70 ------------* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * BHO 69% of FY, 68% of FY-Debt
FY2010 +1,651,794,027,380.00 ------------* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * BHO
FY2011 +0,151,464,875,485.60 ------------* * * BHO
Endof11 +18,840,775,624,803.10 ------------| | | | | | | | | | | | | | | | | | per 1B Too much to predict at this time.

LAST FIFTEEN REPORTS OF ADDITIONS TO PUBLIC DEBT(NOT FICA):
10/12/2010 -002,308,905,840.19 -- Tue
10/13/2010 +004,079,531,881.58 ------------*********
10/14/2010 -003,450,466,367.69 --
10/15/2010 +053,297,374,376.50 ------------**********
10/18/2010 +000,841,690,317.23 ------------******** Mon
10/19/2010 +000,443,038,294.93 ------------********
10/20/2010 +001,330,613,152.94 ------------*********
10/21/2010 -003,241,964,507.19 --
10/22/2010 -000,039,023,333.21 ----
10/25/2010 +000,057,456,608.35 ------------******* Mon
10/26/2010 +000,564,111,327.93 ------------********
10/27/2010 +000,111,394,550.30 ------------********
10/28/2010 -000,237,760,056.32 ---
10/29/2010 +010,778,095,157.00 ------------**********
11/01/2010 +063,143,305,537.83 ------------********** Mon

125,368,491,099.99 Total of 15 above reports.

Heavy borrowing seems to start after 09/18/2008 while Bush was in power JUST BEFORE fiscal year end.
Bush admin borrowed $962,245,245,654.01 in those last 124 days in office crossing two fiscal years.
$360,093,093,653.42 in last 12 days of FY2008, and $602,152,152,000.59 in subsequent 112 days before leaving office.

For a prettier and more explanatory view of our nation's debt:
http://www.brillig.com/debt_clock
http://www.usdebtclock.org/
DUer primer on National debt

(Debt to the penny keeps changing. Stuff is missing. Best to keep our own history.) LAST REPORT:
http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=102&topic_id=4596801&mesg_id=4596815

[Po_d Mainiac]

6. December 7 Is The Unofficial Pan-European Bank Mutiny Day

Especially in the camp of the opponents seem Stuttgart21 sounds like this to come in Germany to be heard, too. Seit ein paar Tagen kursieren auf Twitter Aufrufe zum Schwaben-Bankenstreich , die mit der Homepage der „stopbanque“-Aktion verlinkt sind. For a few days on Twitter circulate calls for Schwaben-bank strike , the home page of the "stop banque" action are linked with. User mit Stuttgart21-Prostestplakaten als Konterfei fordern den „Bankencrash 2.0“. User Stuttgart21 Prostestplakaten-portrait as calling the "Bank Crash 2.0". Seit Montag gibt es auch eine deutsche Homepage , die unter dem Motto „Jetzt kommen die Bürger!“ zum Bankenstopp am 7. Since Monday, there is also a German website , under the slogan "Now people are at the" Stop the Bank on 7 Dezember aufruft. December calls.

http://translate.google.com/translate?hl=en&ie=UTF-8&sl=de&tl=en&u=http://jetzt.sueddeutsche.de/texte/anzeigen/513473&prev=_t&rurl=translate.google.com&twu=1

http://www.zerohedge.com/article/december-7-unofficial-pan-european-bank-mutiny-day

This should be worth watching! Perhaps our European cousins will be able to pass the plague across the Atlantic Puddle to our shores :popcorn:

[DemReadingDU]

10. I wouldn't wait until December 7

There might not be any money left in the banks. I'd get out my money today.

[Po_d Mainiac]

12. Cleaver Lady!

I believe that is actually the point...If that's the case, look for PM's to spike up over the next month.

[DemReadingDU]

11. World's top 50 banks - big graphic

included in the zerohedge posting
http://www.zerohedge.com/article/december-7-unofficial-pan-european-bank-mutiny-day

[Po_d Mainiac]

7. Is the FED moving the markets?

[snot]

23. One thing I've been wondering about . . .

This tends to re-distribute wealth TO (1) those in the "know" about what's going on and (2) the stupid or gullible, and AWAY from people like me, outsiders who have at least a medium degree of insight into what's going on and can't bring themselves to gamble on a charade they know could end at any moment with little warning.

In effect, the more intelligent-yet-honest investors are being punished.

As we know, there's still a lot of money on the sidelines. But I'm wondering if there are other, quasi-evolutionary effects.

[Po_d Mainiac]

31. you got me thinking..

Make sure to check back this evening

[Po_d Mainiac]

43. Perhaps this explanation will help

These are some of my personal observations and conclusions.

First, fergedabout the crap you hear and read regarding why the markets move in a particular manner on a particular day. There is a little bit of truth there, but the dynamics are much more of a reaction, than a driving force.

Much of the 30% of trading, that is not done via HST's, is done in relation to some other market play. Those plays could involve PM's, oil, grains, etc.

That Bumhanky is going to pump another round of money out the door is no secret, nor is the fashion in which it will be done. As a 'hedge,' positions are taken in PM's, commodities, other currencies, bonds, and a narrow range of stocks or ETF's.

So the smart play is that the U$D is going to fall further. To cover against the chance of major losses, cover positions are taken in stocks, which causes a 'melt' up in the indexes.

What happened today was a direct effect of Australia raising interest rates, causing the U$D to fall against most world currencies in Asian and European trading.

If the U$D falls, PM's, oil, and commodities will rise, and to a lesser effect, so will the Dow, S&P and bonds.

IMHO, this has created a stock and bond bubble.
YMMV

[Po_d Mainiac]

9. Why the US economy is stuck, in eye candy format.

All the QE in the world ain't gonna change this

[Dr.Phool]

13. I got my property tax bill yesterday.

It was $350 lower than last year. I guess declining values do have a small upside.

[DemReadingDU]

14. Next, they will get you to pass levies

Big push in our area to pass levies for schools, and police, and parks, and more.

[Roland99]

19. Yeah, great, eh?

BTW, just got mine, too.

It's still valued at land-only! hunh? Methinks a new tax bill will be forthcoming at some point. Time to be sure escrow is up-to-date.

[Dr.Phool]

25. I didn't know that you lived in the woods.

[Roland99]

27. I'm sure it was 5 years ago.

The house construction was completed by April 2010 so I'm not sure why it's still on valued as land-only.

With the exemption applied, I wonder if I'll owe anything at all? lol

[fasttense]

15. The rich are mildly amused today.

Since the majority of stocks in the US are owned by the wealthy, following the DOW/Nasdaq/S&P 500 will give you an idea of the mood of our oligarchy.

The Stock Market has become the world's largest mood ring.

But since the Nasdaq is down some of the Robber Barons are not so happy.

[Po_d Mainiac]

16. Sorry, not even close to the point....

Recommend you look at earlier threads for data.

[fasttense]

17. Oh, I have read the threads and I read them every day.

What point do you not agree with?

The fact that the majority of US corporate stocks are owned by wealthy Americans?

Or is it the sarcasm about the mood of our oligarchy that you object to?

[Name removed]

46. Deleted message

Message removed by moderator. Click here to review the message board rules.

[fasttense]

49. My, my you are getting yourself all in a tizzy.

Over my amusing statement. I must have hit a nerve.

You must stop using the F bomb it is unbecoming.

You should also stop throwing out the personal insults, I'm pretty sure they are against the rules.

I'll say it again, "The Stock Market is one giant mood ring for the uber rich."

[Po_d Mainiac]

47. ps note the time

looks like a flat to down day tomorrow...

[fasttense]

50. PS but yesterday they were amused, tomorrow they maybe mildly annoyed.

Who can tell how the mood of our wealthy masters may change? Their whims are difficult to divine.

[Ghost Dog]

18. Dollar Falls, Stocks, Futures Rise Before Fed; Aussie Rallies

Nov. 2 (Bloomberg) -- The dollar weakened while stocks and U.S. index futures rose as the Federal Reserve prepared to inject funds in the American economy. Australia’s dollar climbed to the highest level since it was floated in 1983 after an unexpected interest-rate increase. Commodities advanced.

The dollar depreciated versus 12 of its 16 most-traded peers at 9 a.m. in New York, while the Aussie climbed above parity with the U.S. currency. Standard & Poor’s 500 Index futures rose 0.6 percent, while the Stoxx Europe 600 Index added 0.3 percent. Cotton jumped 3.9 percent, sugar advanced 3.1 percent and crude oil increased 1.3 percent. Irish 10-year government bonds tumbled for a sixth consecutive day, driving the yield difference over benchmark German bunds to a record.

...

The U.S. currency depreciated 1 percent to $1.4029 per euro, while the Dollar Index, which tracks its performance against those of six of the nation’s trading partners, declined 0.7 percent. The Aussie advanced 1.8 percent to 80.86 yen, appreciating against all 16 of its major counterparts.

...

The cost of insuring against a default by Europe’s most indebted nations rose. Credit-default swaps tied to Ireland climbed 9 basis points to 507, a record based on closing prices, while swaps on Greece added 7 basis points to a five-week high of 839, according to data provider CMA. Spain climbed 2.5 basis points to 226.5, Italy increased 1.5 basis points to 176.5 and Portugal increased 1.5 basis points to 395.

/... http://noir.bloomberg.com/apps/news?pid=20601010&sid=aTwfCUJORqyk

[Roland99]

20. 9:40 - WHEEEE! Stocks rise. Euro back up over $1.40.

Dow 11,198 +73 +0.66%
Nasdaq 2,526 +21 +0.84%
S&P 500 1,193 +8 +0.71%
GlobalDow 2,038 +19 +0.92%
Gold 1,356 +6 +0.42%
Oil 83.92 +0.97 +1.17

[Roland99]

21. "We're just living for today"

http://www.onlylyrics.com/hits.php?grid=8&id=1052433

[Tansy_Gold]

22. Grass Roots 2004

http://www.youtube.com/watch?v=37W6gzRR1xY&feature=related

[Roland99]

24. The more things change, the more they stay the same.

Much of what Dylan wrote nearly 50 years ago still holds true today.

[Demeter]

29. Doing a brisk business at the polls today

on my lunch break---


we have governor and senate races, so people are coming out.

[DemReadingDU]

30. same in Ohio

What's that saying... How Ohio goes, goes the election.

[Dr.Phool]

32. Not if Floriduh can find a way to screw it up!

[Po_d Mainiac]

34. ............

:rofl::spray::rofl:

[Tansy_Gold]

36. Indeed! n/t

[StarburstClock]

40. Busy in VA suburbs of D.C. too

I don't know whether that's bad or good considering it's VA. I went and voted D just to spit in every R's face even though there's little chance in my district for the D plus I always vote D since they're the closest thing to being a progressive. There's was a state amendment change to give military people special perks on housing that I voted no to, don't want civilian killing torturers living next door, LOL.

[ozymandius]

41. Quite brisk in my neighborhood too.

The polling manager said it was near 2008 numbers.

[Dr.Phool]

33. Tom Tomorrow: How to mortgage your childrens future.

http://www.salon.com/entertainment/comics/this_modern_world/2010/11/02/this_modern_world

[ozymandius]

44. I, unfortunately, could see it happen.

Sell your child into slavery for some French doors, a jacuzzi and a trip to the Bahamas. C'mon! You deee-serve it.

[StarburstClock]

35. WSJ (propaganda rag) says stocks up because of GOP win chances

Of course every study ever done shows democratic administrations have better records in the markets but hey, why let truth get in the way of a bland recital of the same lies that we've been listening to for 30 years solid. The worst thing is that there is very little difference between the corporate conservative democrats and their supposedly different counterparts, giving some credence to the propaganda. I looked up the democratic stooge running in my district today and his "issues" read like a photocopy of a GOP platform: strong defense, family, create jobs, cut the deficit, help small businesses. So herein lies the real problem for all of us: in many cases there is absolutely no difference between 2 corrupt and lying people regardless of the letter they place next to their name.

We are now a lawless country wherein war criminals go free, election tampering is common, laws are passed that allow illegal activity to be "legal", wars are fought for money and nothing else, price-fixing is the norm and propaganda rules the minuscule remains of a corrupt media. This election signals 1 huge thing that most people don't realize yet, the old America is gone. The entire load of crap sold as "the American dream" is attainable for only a select few now and those few people must be willing to destroy others lives without blinking an eye. What has replaced the dream is a fictional scenario of corporate gods "trickling down" their wondrous world economic profits that in reality are the biggest financial fraud in history and, one other really important and extremely pertinent thing: an entire culture that lives outside of the propaganda land created by those fooled by what they read and hear.

That's right, there's an entire country and world out there that doesn't give a flying crap about anything any of these propaganda whores ever say. They are the real future of America.

[Ghost Dog]

39. Too right. Note that the 'elite' also lives outside the propaganda shell

that makes fools of so many.

This is not to say they live in the 'real world', all the same.

[Dr.Phool]

37. Fannie, Freddie seize documents from Florida law firm

Published: Tuesday, November 02, 2010, 2:11 PM Updated: Tuesday, November 02, 2010, 2:25 PM


Associated Press business staff


WASHINGTON -- Mortgage buyers Fannie Mae and Freddie Mac are revoking thousands of foreclosure cases from a Florida law firm under investigation for falsifying documents used to complete foreclosures.

Both companies say they have started transferring those documents from the Law Offices of David Stern to other firms.

The Stern firm has been under investigation by the Florida attorney general's office. A former employee has said in testimony that an office manager would sign as many as 1,000 documents a day without reading them and without witnesses present.

Jeffrey Tew, an attorney for Stern's firm, declined to comment.

Fannie and Freddie's actions were reported earlier by the Wall Street Journal.

http://www.cleveland.com/business/index.ssf/2010/11/fannie_freddie_seize_documents.html

[Roland99]

38. It's all Fannie's and Freddie's fault, ya know.

Should be totally privatized. They're the cause of all the housing bubble bursting.

[ozymandius]

45. Wha-hey! Another candidate to be the U.S. Ambassador to the Sun.

These people make my opposition to the death penalty so... equivocal.

[RUMMYisFROSTED]

42. "We're neutral!"

-Wall Street