TUESDAY 9/29/15; Cascading Global Selloff Hits Asia; Consumer Confidence; AAPL Collapses -3%; DMND

Asian indexes are set to open lower. Nikkei Index futures are pointing to a drop of about 200 points. South Korea markets remains closed for the Chuseok holiday. S&P futures are 
























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...expectation was for a build of only 102K barrels. WTIC oil drops under 45 to 44.85. The EIA Oil Inventory data is released at 10:30 AM EST tomorrow. Higher inventories will create lower oil prices which creates weakness in oil, gas and energy stocks that will create softness in the broad indexes.

It is well documented how the so-called economic recovery over the last few years is the weakest post-WW II recovery ever. Of special interest is that the current recovery is the only recovery in history that has occurred with median household income actually dropping. Inflation, that the Federal Reserve tries to create with the 6-1/2 years of obscene Keynesian money printing, cannot exist without wage inflation.