Sunday, November 23, 2014

MONDAY 11/24/14; SSEC (Shanghai) 3-Year Record High; Spain 10-Year Yield Under 2% for First Time in History; TSL; Flash PMI Services; 2-Year Note Auction; SPX, INDU, TRAN and AAPL New All-Time Highs; COMPQ 14-1/2 Year Record High; BRCD; NUAN; PANW; WDAY

Asian indexes are a sea of green. The new trading week, and holiday-shortened week in the States, begins in a festive party mood. The PBOC lowering rates on Friday creates a wild upside orgy in Asian stocks. China is already talking about further cuts increasing the feeding frenzy. Chinese banks, brokerages and especially property stocks catapult higher. All 65 of the 65 major real estate stocks are








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 ....... announcement, the news reports told folks that the decision was coming. This only provided an itinerary for trouble-makers to become liquored-up and then take to the streets in protest. The continued heavy use of military clothing and weapons by police only serves to create more tension and violence. Either the authorities are grossly incompetent or they purposely wanted the violence to occur to practice riot-fighting techniques. The violence continues through the night as smoke rises above Ferguson. Fortunately no one is killed and injuries are minor.

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