Friday, August 22, 2014

FRIDAY 8/22/14; ANN; FL; Fed Chair Yellen and ECB President Draghi Speak from Jackson Hole Symposium; COMPQ New Reocrd 14-1/2 Year high; AAPL and DIS Print Record Highs

Asian indexes move higher except for the NIKK down -0.3% that halts a nine-day uptrend. The dollar/yen is lower to 103.78 and was down to 103.68 overnight so the stronger yen sends Japan stocks lower. The dollar/yen has moved from under 102 to near 104 over the last month with the weaker yen fueling the upside in Japanese and US stock markets.

China indexes recover +0.5% from yesterday’s weakness boosted by pharma stocks. The Indonesia courts uphold th




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y activity typically increases into and through the darkness of the new moon since infrared and night vision technology provides an advantage. Israel’s incursion into Gaza intensified around the new moon last month.

Hamas (militant Palestinians) executes 18 Palestinians in Gaza suspected of helping Israel and also in retaliation for the Israeli bombing and killing of three top Hamas leaders the day before. Concerning Iraq, the Pentagon says airstrikes on Syria may be needed to combat the growing ISIS threat across Syria and Iraq. The names ISIS, ISIL and the Islamic State are all interchangeable. The media and public are using the ISIS name for reporting and in discussions but the Whitehouse prefers to use the term ISIL.

A Chinese fighter jet makes several passes by a Navy P-8 Poseidon plane coming as close as 30 feet (9.1 meters). The Chinese jet barrel rolls in front of the P-8 to flash its missiles and weaponry sending a message to avoid the airspace. A P-3 Orion surveillance plane is flying alongside the P-8 but the Pentagon will not confirm this part of the story. The tensions are rising in the South China Sea as the territorial disputes between China, Japan, Vietnam, the Philippines and other nations continue. The bravado and dramatic airplane and ship confrontations continue and may lead to a very tragic outcome moving forward.

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