MONDAY 9/1/14; Global PMI's; India Markets Print New Record Highs Nifty 8K; US Markets Closed for Labor Day Holiday

China August PMI is 51.1 as manufacturing activity expands at a slower pace. The expectation was for 51.2 and last month’s number was 51.7. The HSBC PMI is 50.2 at a three-month low. The data is very gloomy across the board but in this age of central banker intervention, traders re



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stigating. AAPL will need to provide information about the security breach. The ladies should know better. As was proven by Edward Snowden’s whistle blowing on the NSA, every communication performed by Americans on all electronic devices, as well as within a few feet of any cell phone, are monitored, recorded and archived a la “Big Brother” as George Orwell’s book 1984 predicted. Technology has created this present-day world.

UK PM Cameron provides further details and plans required to handle the heightened terror threat. The US has not raised its terror threat level.

Airplanes keep falling out of the sky with three small plane crashes occurring over the weekend in New Hampshire, Ohio and Florida killing eight. Technology has created a new class of slaves in America with 50% of workers now logging over 47 hours/week on the job. Many employees, especially white-collar computer and technology jobs, routinely check and return emails and other messages in the evenings and on weekends staying on the job for most waking hours. 24% of American workers are putting in 50 hours/week for their 40-hour salary. 18% are working 60 hours/week or more. 8%, almost one in ten, are working 80 hours/week. Poor souls; they may be highly educated but too stupid to realize they are doing the work of two people and getting paid the salary of one.

The dollar/yen moves higher to 104.40 as Asia readies for trading. The Nikkei Index will move higher as the yen weakens. A dengue fever outbreak continues in Japan with 19 cases reported. The Russian Ruble is 37.32, above the 37 level, at record highs, indicating a weaker ruble as concern grows over new sanctions. Pakistani protestors storm the state-controlled radio station in Islamabad.