FRIDAY 8/5/16; German Factory Orders; CCC; EXC; WY; US Monthly Jobs Report; Italy’s MIB Rallies +2.4%; SPX (S&P 500) All-Time High; COMPQ (Nasdaq Composite) All-Time Closing High and 2016 Record High; NDX (Nasdaq 100) and RUT (Russell 2000) New 2016 Record Highs; 2016 Summer Olympics Begin in Brazil

Asian indexes begin the session on the positive side. The ASX 200 is 














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Brazil’s pollution is vile with sewage and filth floating on the surface of the dirty waterways. Spectators and athletes are worried about the safety of the drinking water; no doubt that bottled water will be in high demand. Brazil was on top of the world a decade ago emerging as a premier market and economy but its moment in the sun has passed. Hopefully, the deranged Muslim nutcases will not stage a terrorist attack at the Olympics.