TUESDAY 3/3/15; BBY; DKS; KATE; Israeli PM Netanyahu Addresses Congress; US Stocks Selloff; AVAV; AMBA; GERN

At 9:15 PM EST Monday evening in the States, Asian trading is underway with the Nikkei and Shanghai Indexes trading lower and the KOSPI higher. S&P futures -2. Dow -15. Nasdaq -2. Euro 1.1192. Dollar/yen 119.93. Pound 1.5371. Aussie dollar 0.7767.

WTIC oil 49.85. Brent oil 60.12. Natty gas 2.67. Gold 1198. Silver 16.13. Copper 2.66.

US Treasury yields are; 2-year 0.65%, 5-year 1.57%, 10-year 2.07%, 30-year 2.68%.

Japan’s Abe mentions that the currency (yen) is too weak so the yen rallies sending the dollar/yen pair under 120. The stronger yen (lower dollar/yen currency pair) sends the NIKK lower finishing marginally down on the session. Japan’s Abe is accused of accepting questionable political donations.

The SPASX200 loses -0.4% 













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Fed Chair Yellen speaks in New York City on banking regulation. Yellen avoids any discussion on Federal Reserve ongoing policy and focuses instead on the values and ethics of bankers. Yellen says regulators are remaining distant from the banks they are monitoring. That sounds good but the relationships remain cozy. Ex GS and other major bank employees work at the Federal Reserve creating an incestuous financial system.

Yellen discloses her finances; she is a multi-millionaire. Past Federal Reserve chairmen and other executives are rewarded handsomely for their loyalty to the banks. Former Fed Chairman Bernanke receives $250K per luncheon meeting where he provides token speeches. The Fed keeps the wheels greased to make the bankers and wealthy wealthier at the expense of the common people.