Friday, April 3, 2015

FRIDAY 4/3/15; Good Friday; Passover; US Markets Closed; Monthly Jobs Report Paltry 126K Jobs

Australia, New Zealand and South Africa markets are closed until Tuesday, 4/7/15. The Singapore exchange is closed. The Hang Seng Index is closed until Wednesday, 4/8/15. The Ching Ming Festival is Sunday and celebrations continue into the early week.

The NIKK is up +0.6% to 19435 and 
















[Text is Redacted: Purchase April 2015-04 to Read the Complete Chronology]




























the sick world created by the Federal Reserve since they would not allow markets to correct properly in early 2009, instead choosing to protect the wealthy by bailing out the banks and other multi-national companies and starting quantitative easing. The little guy was kicked to the curb. Fed members are eager to protect the wealthy since they receive lucrative kickbacks after resigning from office; huge extravagant speaking fees for appearing at token luncheons. This is America in 2015.

A huge GE industrial warehouse six acres in size is burning out of control in Louisville, Kentucky. Toxic fumes fill the air and residents are evacuated or told to stay indoors. The facility is a total loss.

Fed’s Kocherlakota, a dove, avoids any statements on the economy instead requesting more attention and economic development be provided for Native Americans.

Euro 1.0976. Dollar/yen 118.96. Pound 1.4919. WTIC oil 49.14. Brent oil 55.13. Natty gas 2.713. Gold 1201. Silver 16.70. Copper 2.734.

Treasury yields are; 2-year 0.48%, 5-year 1.26%, 10-year 1.84%, 30-year 2.49%.

Passover begins in the evening.

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