22-26 Oct Economic Calendar: Shaky Reports, Home Sales Comports, Claims Retorts,
Well I thought the Russian threat dissolved circa 1986 but what do I know? Probably a little more than any of the Presidential candidates and much more than the Presidential contender.
On that note I'll tell you what, the futures market for silver and the US just took a huge midnight dump is what, if the business class was waiting for Oblamer and Robme to resolve itself in favor of the business class. It didn't happen. And Robme had one too many Palin moments.
Both jerks are borrow and spenders, just one is for social agendas nobody elected him to provide, and the other is pumping a couple trillion into a Pentagon budget my buddies at DoD just went through the wringer to wrestle out of the budget-- and it seems for one candidate, for weapons to fight enemies dead and buried. Not much of a sop there to anyone who is looking forward to getting out of the this fiscal quagmire, self imposed, self wrought, and causing 22.4% of America to be on the dole or pumping gas or flipping burgers. Not a light at the end of that tunnel, not even an oncoming train.
There's no economic news today, and we'll need another clawback based on reports like Yahoo's, which showed a pleasing--for the moment--uptick.
AAPL saved the day yesterday with an anticipatory pop for Friday's report coming--can you say the chances for disappointment loom boys and goys?
Triple digit declines, and no help in sight if earnings rule the roost. We're going to get "the foreseeable future" drivel out of the FOMC, but unless AAPL beats Friday, the market is going to do its own five percent correction this week.