Wednesday, November 5, 2014

WEDNESDAY 11/5/14; Republican Wave Takes Control of Senate; Russia Central Bank Intervention; European Stocks Rally; ADP Employment Report; MDLZ; TWX; SPX, INDU, UTIL and TRAN All-Time Highs; QCOM; TSLA

The NIKK is up 0.44% as the dollar/yen launches above 114. TM raises profit estimates due to the weaker yen. Softbank forecasts a drop in profits due to its S holdings but benefited greatly from the BABA IPO. 






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










 a sovereign central bank, the FOMC and BOJ, respectively, and can simply print money at will. ECB President Draghi must build a consensus among the 18 member nations before charting a path forward which is akin to herding kittens.

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