Wednesday, May 19, 2010


Overnight foreign markets sold off, Germany is imposing NAKED SHORT SALE restrictions. We're talking about stricter financial regulation here, as loans continue to contract.

The MSM hypes that housing sales are roaring back, but the end of GOV freebie forced demand forward, and PERMITS a better measure of strength plunged.

10 year bond yield has fallen all the way back to near 3.3% !!

States are raising taxes, Bush cuts set to expire.

Taco Bell offers $2 combo meals.

Euro is down to 1.21 !! Stronger $ can stifle exports. $ is 87 plus, was 1.21 in 2001.

Futures pointing to a red open


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