THURSDAY 8/20/15; Emerging Market Currencies Weaken; Cascading Global Stock Market Selloff through Asia and Europe; WTIC Oil Holds 40 Support; SHLD; Existing Home Sales; Philadelphia Fed Survey; US Stocks Collapse; SOX Bear Market; US 10-Year Yield Under 2.10%; CRM; HPQ; GPS

Asian indexes follow the US lead and print red numbers across the board. The NIKK loses 189 points, -0.9%, to 20034 hanging on to 20K by the skin of its teeth. Auto maker Toyota Motor is 























[Text is Redacted: Purchase August 2015-08 to Read the Complete Chronology]

A secret deal is exposed in the Iran nuclear agreement under review by Congress. In a laughable but concerning change of events, President Obama and Secretary Kerry have agreed to allow Iran perform its own inspections of nuclear sites; this is the fox guarding the hen house. Allowing Iran to phone in their own nuclear site inspections is like hiring a known embezzler to take care of the company books. The president gave away the store to Iran.