WEDGIE IN PLAY, WOOL OVER WHO'S EYES? NEWS UNFIT TO PRINT

*AGAIN PLEASE click ON CHARTS TO ENLARGE

Auction of bonds ...well it didn't go so swell.....

"The auction is big news because now it's showing that maybe the Chinese don't want our bonds. If the cost of capital for the United States becomes more expensive, then the recession is going to take that much longer to get out of," said Joe Saluzzi, co-manager of trading at Themis Trading in Chatham, New Jersey.

"Mortgage rates will go higher, which will make it less attractive to buy a home again. So, it's back where we started."

The U.S. government's plans to help finance its burgeoning budget deficit with more longer-term debt ran into trouble on Thursday with a dismal reception for its sale of 30-year long bonds.

The $14 billion auction met below-average demand from investors, who bid aggressively to force the government to pay a higher yield.

and so will FLOODING the planet with worthless paper.... BUT ex BEAR Jeremy Grantham thinks stocks can "go to the moon" into end of year......."stocks are more senitive to stimulus than economy".....maybe he's right......and then he goes on to tell enjoy it while it lasts, after that's over a decade of pain.....FWIW

and this PLAEEEZE..been leaking news out for days!!!!! who's in Grant's tomb a better kept secret.

The results of government stress tests on the ability of the 19 largest banks to weather a deep recession will be released at 5 p.m. and are expected to show about half of the banks need more capital.

CSCO reported last night, hyped as it was....stock was up in AH, the NAZ sank today, when CSCO can't move the NAZ..usually trouble for tech.

Cisco CFO: Signs of Stabilization but "Visibility Still Very Limited"

PAL (N American Paladium) has FINALLY woken up and has spurted higher from $1 base....

WASHINGTON (AP) -- Consumer borrowing plunged in March at the fastest pace in 18 years as Americans put away their credit cards and hoarded cash amid the worst recession in decades.

*But other reports were trying to make you believe consumers had risen from the dead......is that what you read into that?

The Commerce Department last week said that the personal savings rate edged up to 4.2 percent in March, marking the first time in a decade that the savings rate has been above 4 percent for three straight months.

Households have been spending less and saving more as they seek to replenish nest eggs in the face of massive job layoffs.
C

onsumer spending, which accounts for about 70 percent of total economic activity, fell 0.2 percent in March, ending an otherwise strong quarter. Consumer spending grew at an annualized rate of 2.2 percent in the first quarter, according to government data.

OH boy stress test results at 5PM...they already leaked most of the stuff....does it really matter what they say? it's the reaction in the markets.

D