MONDAY 10/13/14; Cascading Global Selloff Continues; Hong Kong Tension; Columbus Day; US Bond Market Closed; Canada Thanksgiving Day; US Stocks Collapse; SPX Loses 200-Day MA, 12-Month MA and 50-Week MA

At 7 AM local Hong Kong time 7 PM EST), the police are mobilized removing barricades and beginning to clear the streets. Lines of police officers are assembling a short distance from the pro-democracy Occupy Central students and city officials say they are “taking back government property.” The communist crack down begins and tensions run high but the day remains peaceful so 



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ductors). GPRO dumps another -2% in AH trading. The CPC put/call ratio spikes to 1.53 indicating rampant fear and panic today so a recovery rally is expected.

American consumers are receiving relief at the pump with gasoline at a limited number of stations selling at $2.99 per gallon for unleaded regular. Lower gasoline sales may help retail holiday sales; however, folks may instead spend the savings on necessities since times are bad for the middle class and the poor. Conversely, the upper middle class and wealthy are on easy street thanks to the Fed’s easy money policies. The middle class in America is only a quaint memory.

Cable news outlets are feeding the Ebola fear in the evening. Confidence in the CDC is being lost each day since they paint a rosy picture but the Ebola pandemic grows. American’s feel they are not being told the truth about Ebola. In North Korea, Kim Jong Un appears in public for the first time in 40 days.