Monday, May 25, 2015

MONDAY 5/25/15; Japan Trade Data; NIKK and SSEC Record Highs; Memorial Day; US Markets Closed

At 9 AM Tokyo local time (8 PM EST Sunday evening in the States), Hong Kong and South Korea markets are not trading due to holidays. Australian stocks begin 





























[Text is Redacted: Purchase May 2015-05 to Read the Complete Chronology]

































remains in denial saying that the US is “not losing the fight against ISIL (ISIS).” Political commentators and republican and democrat lawmakers say the president is either misinformed or in denial. Major Iraqi cities such as Mosul, Tikrit and Ramadi are falling to the ISIS militants; it is easy to see that the Islamic State is expanding its caliphate across Syria and Iraq. The president says the US did not train the Iraqi troops that cut and ran in Ramadi. This statement is patently untrue as military leaders quickly say we did train and equip the troops that ran away and would not fight. The Middle East and northern Africa is a mess.

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