TUESDAY 8/19/14; HD; DKS; TJX; Housing Starts Above One Million; Housing Sector Rally; CPI; AAPL Prints Above 100; COMPQ New 14-1/2 Year Record High

Asia shares are higher across the board as the global rally continues. Geopolitics are in the rear view mirror. The dollar/yen moves higher to 102.60 so the weaker yen, courtesy of the BOJ money printing, fuels the stock market gains. The NIKK gains +0.8%. HSI +0.7%. The SSEC is up +0.6% at 2240 matching last December’s highs. KOSPI +0.9%. Screens are a sea of green feedi






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et value for the Dow Jones Industrial Average which is over 2000 points higher than present levels. CNBC television trader Stephen Weiss says stocks will continue moving higher. The pundits stream across the television screens one more bullish than the next.

News reports say an American journalist, James Wright Foley, kidnapped in Syria a couple years ago is beheaded in Iraq by ISIS. An American aid worker is kidnapped by ISIS so terrorists will target Americans more and more around the globe. In the Israel-Hamas conflict, Hamas fires rockets into Israel shattering the near six-day cease-fire. Israel walks out of the peace talks in Cairo refusing to negotiate as long as Hamas fires rockets into Israel. The ebola outbreak continues with 1200 dead and over 2250 sickened in West Africa.

In St Louis, a criminal brandishing a knife is shot dead by police during a robbery. This will only inflame the ongoing race riots. Attorney General Holder does not appear in Ferguson (St Louis) today and instead will appear tomorrow. Protestors vow to riot every night until the white police officer is arrested for the shooting of the unarmed teenager. Russia, China and Iran chime in criticizing the US for the ongoing St Louis race riots and say America may be better served to address their own domestic problems instead of inserting itself all around the world.