MONDAY 12/29/14; Flight 8501 Search Continues; Greece Vote Fails; German Bund Record Low Yield 0.542%; SPX, RUT, UTIL and TRAN All-Time Highs; COMPQ 14-1/2 Year Record High

Asia begins trading on the upside following the US rally on Friday. Dollar/yen 120.57. Banzai! The Nikkei Index is boosted by the Japan stimulus package announced on Saturday and also on news that companies will pursue financial engineering strategies such as buybacks, dividend increases and M&A. Japanese companies plan to use cash reserves and the BOJ’s easy money to support the accounting gimmickry that will boost stock prices higher following the same path of US stocks over the last three years. Japanese utility stocks trade higher following the parabolic spike higher in US utilities last week.

The NIKK reverses course and ends down -0.5% on news that 



























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CVEO is bludgeoned -29% after providing weak revenue guidance. ARR, a REIT, drops -0.5% on a downgrade. MCD drops -0.2% on news that New York’s Shake Shack, an up and coming popular burger joint, is filing for an IPO. MS upgrades Gilead so GILD bounces +0.6%; Morgan Stanley may own a lot of stock and needs to get out at a better price.

The search for Flight 8501 in the Java Sea in Indonesia continues. The airplane is missing just like the doomed Flight 370 that was never found. The mystery continues.

The US population continues to inch higher now slightly above 320 million people. One person dies every 12 seconds and one baby is born every eight seconds in America. The world’s population is 7.2 billion.