SUNDAY 8/24/14

A former 24-year old British rapper Abdel-Majed Abdel Barry is suspected of beheading the doomed American journalist James Foley and is why PM Cameron returned early from vacation. The rapper turned radical is called “John the Beatle” in Syria and Iraq because of his British accent. The alleged murderer is also called “Jihad John.” There are two or more American hostages hel


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” claims responsibility for the outage. The euro slips under 1.32 but the short interest is at the highest levels since July 2012 (the euro may not move much lower and a short-covering rally may be on tap).

The Lundberg Survey reports that US gasoline prices are down four cents per gallon over the past two weeks which is helping create last week’s boost in retail stocks. Global traders are becoming more excited that the SPX will print above 2000 for the first time in history perhaps as early as tomorrow.