Thursday, November 13, 2014

THURSDAY 11/13/14; Ukraine-Russia Turmoil; Treasury Secretary Lew Warns Europe of "Lost Decade"; WMT; KSS; VIAB; TYC; NYSE Trading Outage; Fed Chair Yellen Speaks; 30-Year Bond Auction; SPX, INDU, TRAN and AAPL All-Time Record Highs; COMPQ 14-1/2 Year Record High; JWN; AMAT

Japan stocks continue higher. Machinery Orders are up +2.9% beating the +1.9% expectations an encouraging sign for the economy. The drama continues concerning whether the sales tax will be delayed and if snap elections will be called. On Monday, Japan releases the GDP and a negative surprise will likely postpone the tax hike. A stronger GDP will likely keep the sales tax on the table. Traders are sniffing out the weaker GDP number and anticipate that the sales tax will be 












[Text is Redacted: Purchase November 2014-11 to Read the Complete Chronology]













they chose to try and inflate themselves out pushing on a string.

Market bears are as rare as hen’s teeth but a notable naysayer is investment manager Dr Marc Faber that believes a significant market pull back is at the doorstep. Faber says, “I will soon be proven right.”

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