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<strong>It?s official, market will never go down again since big Ben said the recession was over. </strong> ? <strong>Retail Sales</strong> - As for yesterday?s data, the reason retail sales in the U.S.A. exceeded expectations was the use of very aggressive seasonal...

<strong>Friday Specials Continues </strong> The FDIC quietly shuttered three more banks on Friday, including Chicago based Corus Bank, which was riddled with commercial real estate exposure and brings to 92 the total number of banks that have been forced to close so far in 2009, and the...

<strong>A LIGHTER SHADE OF BEIGE</strong> The Fed?s Beige Book is a wonderful insights regarding the Fed districts? markets. In particular, we have sector shifts. <strong>Sectors that were WEAK but are Now Improving</strong> ? Tourism ? Staffing firms ? Railroads (over trucking...

<strong>NEITHER A LENDER NOR A BORROWER BE</strong> U.S. consumer credit was released yesterday and it fell a record $21.6bln in July on top of the revised -$15.5bln reading in June (was -$10.3bln) ? consensus was expecting a decline of -$3.6bln. Consumer credit is now down six months...

One thing to keep in mind is that if you invest in gold, just like investing in any commodities, it's better to invest in gold companies, oil companies instead of the index itself to avoid manipulation by the big boys. One thing works against Gold is whenever it gets closer to $1000, most...

<strong>ANOTHER TAXPAYER-FUNDED BAILOUT </strong> The era of free money is back ? courtesy of the U.S. government In case you are wondering how it is that the housing market has suddenly sprung back, it?s because the era of free money is back, courtesy of the benevolent U.S...

<strong>A BULLISH CONSENSUS</strong> Barron?s runs with a take on the consensus outlook for the market (page 21 ? Fall Outlook) ? the S&P 500 is seen going to 1,056 by year-end, or another 4% upside from current levels. Few are predisposed to the Treasury market and the consensus is...