The VRTrader.com VR Silver Newsletter - Monday 6/7/2010"Tools for the High Performance Trader"
Copyright ©2010, All rights reserved.
Redistribution in any form is strictly prohibited. LEIBOVIT FILES | by Mark Leibovit Leibovit Files
Monday, June 07, 2010
What Does A Duck And A Bear Have In Common?
Commentary below from TIMER DIGEST's #1 Intermediate Market Timer for the 10 year period ending in 2007 - Mark Leibovit
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UPCOMING ECONOMIC RELEASES/MARKET EVENTS
JUNE 7 - 11, 2010:
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MONDAY, JUNE 7, 2010:
4-Week Bill Announcement
11:00 AM ET
3-Month Bill Auction
11:30 AM ET
6-Month Bill Auction
11:30 AM ET
Consumer Credit
3:00 PM ET
POST-MARKET EARNINGS REPORTS
Pep Boys
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TUESDAY, JUNE 8, 2010:
Turnaround Tuesday?
PRE-MARKET EARNINGS REPORTS:
Dollar General, Talbots
ICSC-Goldman Store Sales
7:45 AM ET
Redbook
8:55 AM ET
4-Week Bill Auction
11:30 AM ET
3-Yr Note Auction
1:00 PM ET
POST-MARKET EARNINGS REPORTS
Take-Two
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WEDNESDAY, JUNE 9, 2010:
Weird Wally Wednesday?
PRE-MARKET EARNINGS REPORTS:
Ciena
MBA Purchase Applications
7:00 AM ET
Wholesale Trade
10:00 AM ET
EIA Petroleum Status Report
10:30 AM ET
10-Yr Note Auction
1:00 PM ET
Beige Book
2:00 PM ET
Federal Reserve Chairman Ben Bernanke remarks at Richmond Federal Reserve Bank forum on employment trends in Richmond. The bank's President Jeff Lacker will introduce Bernanke.
4:00 PM ET
POST-MARKET EARNINGS REPORTS
Men's Wearhouse
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THURSDAY, JUNE 10, 2010:
PRE-MARKET EARNINGS REPORTS:
Del Monte
International Trade
8:30 AM ET
Jobless Claims
8:30 AM ET
Quarterly Services Survey
10:00 AM ET
EIA Natural Gas Report
10:30 AM ET
3-Month Bill Announcement
11:00 AM ET
6-Month Bill Announcement
11:00 AM ET
30-Yr Bond Auction
1:00 PM ET
Treasury Budget
2:00 PM ET
Fed Balance Sheet
4:30 PM ET
Money Supply
4:30 PM ET
POST-MARKET EARNINGS REPORTS
National Semi
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FRIDAY, JUNE 11, 2010:
Minneapolis Federal Reserve Bank President Narayana Kocherlakota speech on entrepreneurship and the economy to the Metropolitan Economic Development Association in Minneapolis.
Philadelphia Federal Reserve Bank President Charles Plosser discusses economic recovery and Fed role as a central bank before the Blair County Chamber of Commerce in Altoona, Penn.
8:20 AM ET
Retail Sales
8:30 AM ET
Consumer Sentiment
9:55 AM ET
Business Inventories
10:00 AM ET
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STOCKS - ACTION ALERT -
The stock market suffered its biggest decline in a month and the indexes closed at their lowest levels in four months following a disappointing report on U.S. jobs and as Hungary emerged as Europe's latest economic problem. The Dow fell 323.31 or 3.15% to 9931.97, S&P lost 37.95 or 3.44% to 1064.88, and NASDAQ declined 83.86 or 3.64% to 2219.17. Volume was heavy and breadth was very negative.
VRTrader did it again. We bought inverse ETFs on Thursday and took profits Friday morning. That's the third time in a row we profitably bet on a falling market. After such a sharp opening decline Friday, the market had a good chance to bounce back. When it failed to do so and with the intra-day and long-term TRENDS both pointing to lower prices, we bought back those inverse ETFs. Of course, with the market falling, those positions are already showing profits.
The bulls must be going crazy here. Every time think they have a rally going, it gets hit right back down. We are now sitting right at critical support. Any negative news over the weekend or in Europe Monday morning before the open and the US indexes will break key support levels and the decline could easily get out of hand.
What else can I say? If it growls, walks, and smells like a bear, is it a bull? Of course not.
Contrarians would argue that between the oil spill in the Gulf, the declining euro and related sovereign debt concerns, apparent no real jobs growth in the US, potential conflict between North and South Korea, Israel being backed up to the wall and likely to get more and more aggressive and rightfully so going forward, a failing US Presidency along with 'gangsters' running both the US government, Wall Street and the banking system, a rising 'third party' (Tea-Party) in the US, early talk of secession from the union by states such as Arizona and Texas, a worldwide decline in asset values and commodities, geo-cosmic forces at work in the form of active volcanoes and earthquakes, and the list goes on and on, that we should be bullish!
Hogwash! These are real and serious issues and the 'feel-good, be-happy' crowd (term coined by Peter Grandich), are simply mouthpieces of the liberal media and the left trying to cover their tracks and lie!
As I've already told you, I am even more concerned about next year and the years ahead. Long term cycle studies point to the risk that we are entering a depression cycle not unlike the 1930s or the 1830s-1840s. As Jim Rogers says: 'Buy farm land'! We may all end up on farms growing the food we need for survival as the financial system, markets and exchanges collapse around us. Government will be forced to (and already is) raise taxes from those who will progressively be less likely to pay!
Will the result be a social, political and, hopefully, non-violent revolutuion? Will history repeat itself and the country be forced to go war to pull itself out of this mess?
In the meantime will the Plunge Protection Team be able to orchestrate a huge rally (a coverup) to delay the inevitable? I'll be watching for it, but for now with technicals negative, the bears are in control!
All nine market sectors got hit hard on Friday. There was no escape from the carnage. The "best" sectors were the defensive ones that still fell nearly 3 percent (XLP -2.65%, XLU -2.98%, and XLV -2.93%). Commodity stocks (XLB -3.96% and XLE -3.52%) fell along with commodity prices. Financials (XLF -4.00%) were hit by the debt crisis in European, from which the banks stand to lose billions of dollars on their bond holdings. Economically sensitive stocks (XLI -4.69% and XLY -3.87%) also got smacked after the weaker than expected employment report.
On Friday, we saw a shift away from risk in market capitalization, as well, with Small Caps (IWM -5.03%) down more than Large Caps (SPY -3.51%).
Efforts by the "Plunge Protection Team (PPT), to keep the Dow Jones Industrials above the psychological 10,000-level today, were overwhelmed by a torrent of late selling, after Hungary's Prime minister warned his country might have no choice, but to default on its debts. And when it rains, it pours. More terrible news hit the wires - Although the US added 431,000 jobs in the month of May, only 41,000-jobs were created by the private sector. The balance, 390,000-jobs, - were created by the US government, for temporary workers in the census bureau. The clandestine intervention of the PPT usually occurs about a-half-hour after the NYSE opening, when heavy selling is evident. There is also the infamous last hour short squeeze, and additional buying of Dow Jones Industrial futures in thin trading conditions, during Asian hours. But historically, intervention that goes against the grain of bearish fundamentals, can only buy some additional time, lending a false sense of stability. But intervention can't turn the bearish tide, and eventually, the safety net is penetrated.
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DOW TRANSPORTS - ACTION ALERT -
Transportation stocks fell sharply Friday as fears of a weak economy after the disappointing jobs report and spreading debt crisis in Europe hit the more economically sensitive areas of the market extra hard. The Dow Jones Transportation Average fell 223.64 or 5.10% to 4157.17. Even though the Transports underperformed on Friday, the group did not post new closing lows like the S&P 500 and DJIA did.
The Dow Transports are my LEADING indicator for the entire stock market - not Nasdaq, not SOX, not BKX or Financials! The Dow Transports are breaking down. Watch out below!
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GOLD and METALS - ACTION ALERT -
The worse than expected jobs report and expanding debt crisis pushed gold higher but industrial metals lower as traders bet on a weaker economy and purchase safe-haven investments. Gold rose 12.20 to 1220.00, silver fell 0.54 to 17.41 and hit a new 3-month low of 17.26, platinum declined 32 to 1511, palladium dropped 24 to 425, and copper lost 0.1270 to settle at 2.8195.
Despite recent weakness, up until Friday's rally, gold ETFs are seeing strong demand. Holdings in SPDR Gold Trust, the largest exchange-traded fund backed by gold, notched another record on Thursday, the latest available day for which data is available. The ETF reported holdings of 1,289.84 metric tons (1,421.80 short tons), up from 1,268.54 metric tons (1,398.32 short tons) on Wednesday. Overall, holdings in the 19 exchange-traded products linked by gold reached a record of 2,030 metric tons (2,237 short tons).
While demand is rising, production is falling. Gold mine producing in South Africa, the world's top gold producer, decreased 15% in the first quarter of the year and 12% compared to the same period in 2009, analysts at Commerzbank reported in a note Friday.
Gold is trading into new all-time highs in relation to all European currencies and we're one good day away from seeing Gold to new highs even with the US Dollar at new bull market highs! Let's see if we can get that breakthrough, as Gold has truly been less than spectacular in recent sessions!
Don't forget to check out the weekly VR Gold Letter which provides more intensive coverage of Gold and Gold/Silver/Platinum/Palladium and Copper shares.
www.vrgoldletter.com
If you are a Platinum or Silver subscriber, special discount rates are offered ($50 and $70, respectively, versus $125.00 per month). Please contact my office for details: mark.vrtrader@gmail.com or 928-282-1275.
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BONDS - ACTION ALERT -
Treasuries soared on Friday as the stock market got hit hard, economic data came in below expectations, and traders sought safety from the debt crisis in Europe. The long bond future jumped 2 17/32 to 124 12/32.
It's a bull market in Treasuries. I'm switching (belatedly) to a TIMER DIGEST 'Buy' signal for Bonds. It's deflation folks. The only saftey ahead will be bonds, cash, and maybe Gold - and, of course, short the stock market!
Friday was the biggest one-day advance for the long bond futures since May 6, which was the day the market fell 1000 points intra-day. This tell you just how scared traders are.
US Treasury bond traders are predicting a slowdown in the US-economy in the months ahead. Yields on the Treasury's 30-year bond have dropped from 4.85% on April 4th, to as low as 4.12% today. The yield spread between the 30-year bond and 2-year note fell to 340-basis points, below a key inflection points at 350-bps, mirrored by a sharp slide in the US-stock market. A further narrowing of the yield curve is expected to +310-bps, which in turn, would signal a further slide in the Dow Industrials to the 9,000-level in the months ahead. A bearish trend for the DJI won't follow a straight line lower, since PPT intervention can trigger vicious short squeezes. However, if key support for the DJI is penetrated at the 9,900-level, the next downside target is seen at 9,000.
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CRUDE OIL - ACTION ALERT -
Oil followed the stock market lower on Friday, closing down 3.10 at 71.51. I have no new technical targets for Crude Oil. Commodities are in a slump, so I presume Crude could next see my next unfulfilled downside target near 64.00 a barrel.
But natural gas continued to outperform, rallying 0.107 to 4.797 and posting a 3-month high of 4.977, after Thursday's smaller-than-expected increase in natural gas in storages. Natural gas, which is primarily produce and consumed locally, is less subject to international economics and the debt crisis in Europe. And with the oil spill in the Gulf, demand for natural gas may rise. Patience has paid off because platinum subscribers have been long the natural gas ETF for 1 1/2 months and we now have a sizable profit to show for it.
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US DOLLAR - ACTION ALERT -
The US Dollar Index is trading at its highest level in 14 months as traders sought a safe haven from Europe's growing debt crisis. The US Dollar Index rose 1.097 on Friday to close at 88.233 and hit an intraday high of 88.340, its highest level since it hit a major high of 89.624 back in March 2009. Even Iran has come back with its 'tail between its legs' and is demanding compensation in the only 'true' reserve currency - the US Dollar. Previously, they demanded euros.
European stocks and the Euro sank following official comments on Hungary's woes and rumors of derivative problems at Société Générale. The euro dropped below $1.21 for the first time since April 2006.
The Hungarian prime minister's spokesman declined to comment on remarks by Lajos Kosa, managing vice president of Hungary's ruling Fidesz party, that Hungary is facing a Greece-like sovereign-debt crisis and will need crisis-management measures. Prime Minister Viktor Orban said talk of a default is "not an exaggeration" because a previous administration "manipulated" figures. The country was bailed out with a 20 billion-euro ($24 billion) aid package from the European Union and International Monetary Fund in 2008.
HSBC Bank caused jitters with a research note to clients in which it downgraded Europe excluding the U.K. to underweight from neutral. "There remains too much uncertainty about the health of banks, about the future arrangements for the euro, about sovereign debt and about growth for us to want to take risk in this region for the moment," said HSBC.
Bank stocks fell, especially in Spain, after Morgan Stanley cut its price targets for Banco Santander and Banco Bilbao Vizcaya Argentaria.
Credit-default swaps on sovereign bonds surged to a record on speculation Europe's debt crisis is worsening after Hungary said it's in a "very grave situation" because a previous government lied about the economy. The cost of insuring against losses on Hungarian sovereign debt jumped 107.5 basis points to a record 416. Swaps on France, Austria, Belgium and Germany also rose, sending the Markit iTraxx SovX Western Europe Index of contracts on 15 governments 21 basis points higher to an-all time high of 174.4. Swaps on Spanish government debt jumped 32.5 basis points to 288 after earlier reaching a record 295.5. Contracts on Portugal rose 41 basis points to 380, Ireland was up 34 basis points at 294, and Italian swaps climbed 30 basis points to an all-time high of 264, before retreating to 260. Contracts on Greece rose 72 basis points at 798.
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ECONOMIC NEWS:
The Labor Department said on Friday payrolls rose 431,000 as the government hired 411,000 workers to conduct the population count. That was the largest monthly increase since March 2000 and marked a fifth straight month of gains. Private employment, a barometer of labor market strength, increased just 41,000 after rising 218,000 in April. Employers did increase hours, however, and the average workweek increased to 34.2 hours from 34.1 hours in April. Payrolls data for March and April was revised to show 22,000 fewer jobs created than previously reported. May's hefty employment gain lowered the unemployment rate to 9.7 percent from 9.9 percent in April. Analysts had expected non-farm payrolls to rise 513,000 and private businesses to create 190,000 jobs. The jobless rate had been seen dipping to 9.8 percent.
COMPANY NEWS:
Krispy Kreme posted first-quarter earnings of $4.5 million, or 6 cents a share, up from $1.9 million, or 3 cents a share, a year ago. Revenue slipped to $92.1 million from last-year's first quarter sales of $93.4 million. The company also said same-store sales rose 3.4% from the year-ago period. KKD rallied 6.78%.
Quiksilver reported a second-quarter profit of 6 cents a share on revenue of $468 million, compared with earnings of 4 cents a share on $494 million in sales during the same period a year ago. Excluding one-time items, Quiksilver would have earned 11 cents a share. ZQK gained 2.16%.
Supercomputer maker SAIC reported a first-quarter profit from continuing operations of $125 million, or 32 cents a share, on sales of $2.69 billion. Analysts estimated the company would earn 31 cents a share on $2.75 billion in sales. SAI slipped 0.23%.
Goldman Sachs reduced its rating on U.S. Steel from Conviction Buy to Buy. Target price is $73. X dropped 7.27%.
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URANIUM - ACTION ALERT
Ux U3O8 Prices* (Uranium)
May 31, 2010 Posting
Spot: $40.75 UNCHANGED. Bull market high in the cash market was $138.00.
The June Uranium Futures closed at $40.75. Uranium futures recent his a new bear market low of 40.00. June 13, 2007 hosted the bull market high of 154.95. Major support lies well under the market at $36.00.
The spot price of uranium quadrupled from 2004 to 2007. When it hit $138/lb, uranium became a certified bubble, which has now burst.
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Canadian TSX, TSX Venture and Canadian Dollar Commentary for our Canadian clients updated for Monday, June 7.
The Canadian market fell sharply as all sectors decline, but the indexes held up better than the US market as Canada's jobs report exceeded expectations. The Canadian market also got some help from rising natural gas and gold prices along with a weak Canadian Dollar. The TSX fell 242.26 or 2.05% to 11569.61. Under 11,179.97 (the may 21 low), my next big target remains at 10,400.
Canada announced an encouraging May employment report. Consensus was a gain in employment of 15,000 versus a gain of 108,000 in April. Actual was a gain of 24,700.
Energy 140.52 -2.96
Financials 174.51 -4.64
Health Care 36.58 -0.72
Industrials 94.41 -2.27
Information Technology 29.18 -0.52
Metals & Mining 841.80 -48.32
Telecommunications 84.23 -1.18
Utilities 189.42 -2.18
Resistance 11,891, 12,210, 12,322, 12,375, 12,875, 12,968, 13,771, 13,875, 13,983, 14,157. Support is 11,179. 10,990, 10,800, 10,400, 10,384, 9500, 9300, 9140.
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CANADIAN TSX Venture:
A jump in gold prices helped offset the decline in industrial metals and the general decline in equities. As a result, the TSX Venture fell only 18.25 or 1.23%, about a third of the decline in the US indexes, to close at 1464.92.
Resistance is 1490, 1514, 1536, 1636, 1688, 1691, 1730, 1780, 1830. Support is 1393.
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THE CANADIAN DOLLAR (using the FXC Exchange Traded Fund):
A massive flight to safety pushed traders to abandon the Canadian Dollar, despite Canada's better than expected jobs report. Not only did the Canadian Dollar fall sharply against the very strong US Dollar, it also fell against the Euro and Yen. Weak commodity prices hit all the commodity-based countries (Canada, Australia, South Africa). FXC declined 1.75 to 93.81.
Despite my bullish (and correct) bullish bias over the past 18 months, volume has now turned negatie for the Loonie. Several Negative Volume Reversals ™ have been formed and it appear we're headed under 90.00, perhaps as low as 87.50 over the near-term.
Resistance is 97.13, 98.27, 99.29, 100.00, 102.00, 110.00. Support is 91.82, 91.00, 89.75, 87.50 and 85.18.
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My 'Annual Forecast Model' (VR Forecaster Report) is now posted on the VRtrader.com website and covers cyclical projections for the Dow Industrials, the TSX, Gold, Crude Oil, Ten Year Interest Rate Yields and the US Dollar Index. The Model has been published since 1987 and has garnered a respectable following among traders and investors seeking an overall 'timing' tool for the major markets. Remember, there is no price too high for good information!
Here is the link: Now at 50% off!
https://www.vrtrader...cribe/index.asp
If you have any questions, please don't hesitate to call me and leave a voice mail message at 928-282-1275 or email me at mark.vrtrader@gmail.com.
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DAILY VR LIST:
Editors note: The Daily VR List here is abbreviated with the full list only available to Platinum subscribers by clicking on 'Current VR List' on the Home Page of VRtrader.com.
Canadian shares are listed at the bottom of each section with the title: 'XXX CANADIAN STOCKS XXX'.
Silver subscribers who find this useful should upgrade to Platinum where you can pull down VR charts for many securities and watch the patterns unfold for yourself. There is no technical service on the planet that posts Positive and Negative VR! Why? Because they are proprietary to VRtrader.com!
How do you use this list?
Volume Reversals ™ are buy and sell triggers and are traders find them particularly useful, especially coming off market extremes as an indication of a change of direction. Use the VRs in conjunction with your other technical indicators and you've added a unique technical tool to your arsenal.
To see a visual representation of Volume Reversals ™, please go our Current Portfolio section and click on any recommended stock. Or, if you would like to get a VR Chart for a specific symbol, please click here. Please note that the list of symbols available is limited at this time.
VOLUME REVERSALS FOR FRIDAY, JUNE 4:
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POSITIVE VRs
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XXX CANADIAN STOCKS XXX Canadian Stocks
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AGI.UN ALAMOS GOLD, INC.
GTU.UN Central Gold Trust
HJD.UN HORIZONS BETAPRO MSCI
HOD HORIZONS BETAPRO NYME
HSD.UN HORIZONS BETAPRO S&P BEAR ETF
HXD HORIZONS BETAPRO S&P/TSX BP A
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U.S. STOCKS:
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BANKING Regional - Mid-Atlantic Banks
SCMF Southern Comm Fincl Corp
BANKING Regional - Northeast Banks
SBB Sussex Bancorp
BANKING Regional - Southeast Banks
EVBS Easternnklin Bank N.a.
BANKING Regional - Southwest Banks
CSHB Community Shores Bank Corp
BANKING Savings & Loans
CBIN Community Bank Shares In
COMPUTER SOFTWARE & SERVICES Business Software & Services
SDS Sungard Data Systems Inc
TTIL Tti Team Telecom Int
COMPUTER SOFTWARE & SERVICES Information Technology Service
TEAM Techteam Global Inc
CONSUMER DURABLES Appliances
ARCI Appliance Recycling Centers of
CONSUMER DURABLES Business Equipment
CHMP Champion Industries Inc
CONSUMER NON-DURABLES Textile - Apparel Footwear & A
PXG Phoenix Footwear Grp Inc
DIVERSIFIED SERVICES Business/Management Services
CRD.B Crawford & Co B
DRV Debt Resolve Inc
DRUGS Drug Manufacturers - Other
ONCY Oncolytics Bio
ELECTRONICS Printed Circuit Boards
ELTK Eltek Ltd
ELECTRONICS Semiconductor - Specialized
HIMX Himax Technologies Inc
ENERGY Independent Oil & Gas
HK Petrohawk Energy Corp
MXC Mexco Energy Corp
ENERGY Oil & Gas Drilling & Explorati
HERO Hercules Offshore Inc
ENERGY Oil & Gas Pipelines
TLP Transmontaigne Partners LP
FINANCIAL SERVICES Closed End Fund - Debt
CIU iShares Lehman Intermediate Cr
IEF 7-10 Year Treasuries
FINANCIAL SERVICES Closed End Fund - Equity
AGG Aggregate Bond
BLV Vanguard Long Term Bond ETF
FINANCIAL SERVICES Closed End Fund - Foreign
JYF WT Dreyfus Japanese Yen fund
FINANCIAL SERVICES Diversified Investments
NNA Navios Maritime Acquisition Co
PIP Pharmathene Inc
FOOD & BEVERAGE Processed & Packaged Goods
MLP Maui Land & Pineapple Co
HEALTH SERVICES Medical Laboratories & Researc
AEZS Aeterna Zentaris Inc New
SPEX Spherix Inc
INSURANCE Surety & Title Insurance
ITIC Investors Title Co
INTERNET Internet Service Providers
ESIC Easylink Services
LEISURE General Entertainment
FUN Cedar Fair (L.P.)
MANUFACTURING Diversified Machinery
KTEC Key Technology Inc
MANUFACTURING Industrial Electrical Equipmen
MAG Magnetek Inc
MANUFACTURING Pollution & Treatment Controls
PCYO Pure Cycle Corp
MANUFACTURING Small Tools & Accessories
PFIN P & F Industries Cl A
MEDIA Broadcasting - TV
GTN Grey Television Inc B
TZA Tv Azteca Sa De Cv Ads
METALS & MINING Industrial Metals & Minerals
AXU Alexco Resource Corp
REAL ESTATE Property Management/Developmen
CPI Capital Properties Cl A
SCC Security Capital Corp A
TELECOMMUNICATIONS Communication Equipment
CLRO Clearone Communications
UTILITIES Gas Utilities
CGC Cascade Natural Gas Corp
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NEGATIVE VRs
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XXX CANADIAN STOCKS XXX Canadian Stocks
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AEM.UN AGNICO EAGLE MINES
ATD.B ALIMENTATION COUCHE-T CL B
CDZ.UN CLAYMORE CDN DIVIDEND
CJP.UN CLAYMORE JAPAN FUNDAMENTALS
CM.UN CANAIDAN IMPERIAL BANK OF COMM
CWW.UN CLAYMORE S&P GLOBAL WATER
FTS FORTIS INC
GTE.UN GRAN TIERRA ENERGY
HOU HORIZONS CRUDE OIL BULL PLUS
HXU HORIZONS BETAPRO S&P/
LGG LIHIR GOLD
PJC.A JEAN COUTU GROUP INC CL A
PRI PRIMARY ENERGY RECYCL
PWF POWER FINANCIAL CORPO
PZG.UN PARAMOUNT GOLD & SILVER
RCI.B ROGERS COMMUNICATNS I CL B
REI.UN RIOCAN REIT
RIM RESEARCH IN MOTION LI
RY.UN ROYAL BANK OF CANADA
SLF.UN SUNLIFE FINANCIAL SERTVICES
SLW.UN SILVER WHEATON CORP
SU.UN SUNCOR ENERGY
TCK.B TECK COMINCO LIMITED CL B
XSP ISHARES CDN S&P 500 H
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U.S. Stocks
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AEROSPACE/DEFENSE Aerospace/Defense Major Dive
BA Boeing Co
GD General Dynamics Corp
AEROSPACE/DEFENSE Aerospace/Defense Products & S
AIR Aar Corp
ATK Alliant Techsystems Inc
AUTOMOTIVE Auto Manufacturers - Major
DAI Daimler Ag
F Ford Motor Co
AUTOMOTIVE Auto Parts
ALV Autoliv Inc
ARGN Amerigon Inc
AUTOMOTIVE Recreational Vehicles
HOG Harley-Davidson Inc
MPX Marine Products Corp
AUTOMOTIVE Trucks & Other Vehicles
FSS Federal Signal Corp
OSK Oshkosh Truck Corp
BANKING Money Center Banks
AIB Allied Irish Banks Plc
BAC Bank Of America Corp
BANKING Regional - Mid-Atlantic Banks
AMNB American Natl Bnkshrs Va
BBT Bb&T Corp
BANKING Regional - Midwest Banks
ASBC Associated Banc-corp
BUSE First Busey Corp Cl A
BANKING Regional - Northeast Banks
ACFC Atlantic Coast Fed Corp
ALNC Alliance Financial Corp
BANKING Regional - Pacific Banks
BOCH Bank of Commerce Holdings CA
BOH Bank of Hawaii Corp
BANKING Regional - Southeast Banks
BKBK Britton & Koontz Cap Cp
BXS Bancorpsouth Inc
BANKING Regional - Southwest Banks
BANF Bancfirst Corp Oklahoma
BOKF Bok Financial Corp
BANKING Savings & Loans
AF Astoria Financial Corp
BANR Banner Corporation
CHEMICALS Chemicals - Major Diversified
DD Dupont E I Nemours & Co
EMN Eastman Chemical Co
CHEMICALS Specialty Chemicals
BRC Brady Corporation Cl A
CBM Cambrex Corp
CHEMICALS Synthetics
ALB Albemarle Corp
ARJ Arch Chemicals Inc
COMPUTER HARDWARE Computer Peripherals
AUO Au Optronics Corp
ELON Echelon Corporation
COMPUTER HARDWARE Data Storage Devices
CML Compellent Technologies` Inc.
HTCH Hutchinson Technolgy Inc
COMPUTER HARDWARE Diversified Computer Systems
IBM International Business Machine
SGI Silicon Graphics Inc
COMPUTER HARDWARE Networking & Communication Dev
BBOX Black Box Corp
CSCO Cisco Systems Inc
COMPUTER SOFTWARE & SERVICES Application Software
ACTU Actuate Corporation
ADVS Advent Software Inc
COMPUTER SOFTWARE & SERVICES Business Software & Services
ADP Automatic Data Processng
BLKB Blackbaud Inc
COMPUTER SOFTWARE & SERVICES Healthcare Information Service
CAP Creative Computer Applic
CERN Cerner Corp
COMPUTER SOFTWARE & SERVICES Multimedia & Graphics Software
ATVI Activision Inc
BBBB Blackboard
CONGLOMERATES Conglomerates
CBE Cooper Industries Inc
FO Fortune Brands Inc
CONSUMER DURABLES Appliances
IRBT iRobot Corp
LII Lennox International Inc
CONSUMER DURABLES Electronic Equipment
AOS A O Smith Corporation
AVID Avid Technology Inc
CONSUMER DURABLES Housewares & Accessories
LANC Lancaster Colony Corp
NWL Newell Rubbermaid Inc
CONSUMER DURABLES Photographic Equipment & Suppl
BTN Ballantyne Of Omaha Inc
CAJ Canon Inc Adr
CONSUMER NON-DURABLES Packaging & Containers
BEST Shiner International
BMS Bemis Co Inc
CONSUMER NON-DURABLES Personal Products
ACV Alberto-Culver Cl B
AVP Avon Products Inc
CONSUMER NON-DURABLES Textile - Apparel Footwear & A
COH Coach Inc
GIII G-Iii Apparel Group Inc
DIVERSIFIED SERVICES Business/Management Services
ABM Abm Industries Inc
AGL Angelica Corp
DIVERSIFIED SERVICES Consumer Services
CHE Chemed Corp
EMS Emergency Medical Services L.P
DIVERSIFIED SERVICES Personal Services
CPY Cpi Corp
CSV Carriage Services Inc
DIVERSIFIED SERVICES Research Services
ARB Arbitron Inc
CVD Covance Inc
DIVERSIFIED SERVICES Technical Services
CO Corrpro Companies
ENG Englobal Corp
DRUGS Biotechnology
ACOR Acorda Therapeutics Inc
ALNY Alnylam Pharmaceuticals
DRUGS Diagnostic Substances
ABAX Abaxis Inc
BLUD Immucor Inc
DRUGS Drug Delivery
ALKS Alkermes Inc
BVF Biovail Corp
DRUGS Drug Manufacturers - Major
ABT Abbott Laboratories
AZN Astrazeneca Plc
DRUGS Drug Related Products
AUXL Auxilium Pharmaceuticals Inc
CSKI China Sky One Medical Inc
DRUGS Drugs - Generic
PRX Par Pharmaceutical Co Inc
WPI Watson Pharmaceuticals
ELECTRONICS Diversified Electronics
APH Amphenol Corp
AVX Avx Corp
ELECTRONICS Printed Circuit Boards
BHE Benchmark Electronics
CLS Celestica Inc
ELECTRONICS Scientific & Technical Instrum
A Agilent Technologies Inc
AFFX Affymetrix Inc
ELECTRONICS Semiconductor - Broad Line
AMD Advanced Micro Devices
CY Cypress Semiconductor Cp
ELECTRONICS Semiconductor - Integrated Cir
AMCC Applied Micro Circuits
AMKR Amkor Technology Inc
ELECTRONICS Semiconductor - Memory Chips
ISSI Integrated Silicon Sol
ELECTRONICS Semiconductor - Specialized
ACTL Actel Corp
ALTR Altera Corp
ELECTRONICS Semiconductor Equipment & Mate
AMAT Applied Materials Inc
ASMI Asm Internat N.V.
ENERGY Independent Oil & Gas
AEZ American Oil & Gas Inc
APU Amerigas Partners L.P.
ENERGY Major Integrated Oil & Gas
COP Conocophillips
CVX Chevron Corp
ENERGY Oil & Gas Equipment & Services
ACGY Acergy S.A. Ads
BOLT Bolt Technology Corporation
ENERGY Oil & Gas Pipelines
DEP Duncan Energy Partners L.P.
DPM DCP Midstream Partners LP
ENERGY Oil & Gas Refining & Marketing
ALJ Alon USA Energy Inc
ARSD Arabian Amer Development Co
FINANCIAL SERVICES Asset Management
AB Alliance Bernstein Holding LP
AMG Affiliated Managers Grp
FINANCIAL SERVICES Closed End Fund - Debt
ADX Adams Express Co
AINV Apollo Investment Corp
FINANCIAL SERVICES Closed End Fund - Equity
ADRD BLDRS Developed Markets 100 AD
ADRE BLDRS Emerging Markets 50 ADR
FINANCIAL SERVICES Closed End Fund - Foreign
APB Asia Pacific Fund Inc
BZF Brazil Fund Inc
FINANCIAL SERVICES Credit Services
ACF Americredit Corp
ADS Alliance Data
FINANCIAL SERVICES Diversified Investments
BTE Baytex Energy Inc
CODI Compass Diversified Trust
FINANCIAL SERVICES Investment Brokerage - Nationa
AMTD Ameritrade Holding Corporation
COWN Cowen Group Inc
FINANCIAL SERVICES Investment Brokerage - Regiona
GFIG Gfi Group
ITG Investment Technology
FOOD & BEVERAGE Confectioners
CZZ Cosan Limited Class A
MFW M&F Worldwide Corp
FOOD & BEVERAGE Processed & Packaged Goods
BGS B&G Foods Inc.
CPO Corn Products Intl Inc
HEALTH SERVICES Hospitals
AMSG Amsurg Corp Common
LPNT Lifepoint Hospitals
HEALTH SERVICES Medical Appliances & Equipment
ALGN Align Tech Inc
ARAY Accuray Incorporated
HEALTH SERVICES Medical Instruments & Supplies
ACU Acme United Corp
ATEC Alphatec Holdings Inc
HEALTH SERVICES Medical Practitioners
LCAV Lca-vision New
HEALTH SERVICES Specialized Health Services
ASGR America Service Group
ESRX Express Scripts Inc
INSURANCE Insurance Brokers
AFSI AmTrust Financial Services Inc
BRO Brown & Brown
INSURANCE Property & Casualty Insurance
ACE Ace Ltd
ACGL Arch Capital Group Ltd
INTERNET Internet Information Providers
MOVE Move Inc
TZOO Travelzoo Inc
INTERNET Internet Service Providers
CTCH Commtouch Software Ltd
DGI Digital Globe Inc.
LEISURE General Entertainment
CCL Carnival Corp
LYV Live Nation Inc
LEISURE Resorts & Casinos
MTN Vail Resorts Inc
WYNN Wynn Resorts Ltd
LEISURE Restaurants
BJRI BJ's Restaurants Inc
BNHNA Benihana Inc Cl A
LEISURE Sporting Activities
CLUB Town Sports International Hold
LTM Life Time Fitness
MANUFACTURING Diversified Machinery
AIXG Aixtron Aktiengesellschaft Ads
AP Ampco-Pittsburgh Corp
MANUFACTURING Industrial Electrical Equipmen
ABAT Advanced Battery Tech Inc
AME Ametek Inc
MANUFACTURING Pollution & Treatment Controls
DCI Donaldson Co Inc
ERII Energy Recovery Inc.
MANUFACTURING Textile Manufacturing
AIN Albany International A
DII Decorator Industries
MATERIALS & CONSTRUCTION Cement
CX Cemex Sa De Cv Ads
EXP Eagle Materials Inc
MATERIALS & CONSTRUCTION General Building Materials
AAON Aaon Inc
ACO Amcol International Corp
MATERIALS & CONSTRUCTION General Contractors
EME Emcor Group Inc
PWR Quanta Services Inc
MATERIALS & CONSTRUCTION Heavy Construction
AGX Argan` Inc.
DY Dycom Industries Inc
MATERIALS & CONSTRUCTION Manufactured Housing
CVCO Cavco Industries
SKY Skyline Corp
MATERIALS & CONSTRUCTION Residential Construction
AVTR Avatar Holdings Inc
BHS Brookfield Homes
MEDIA Broadcasting - Radio
CJR Corus Entertainment Cl B
MEDIA Broadcasting - TV
CBS CBS Corp Class B
CBS.A CBS Corp Class A
METALS & MINING Aluminum
AA Alcoa Inc
ACH Aluminum Corp China
METALS & MINING Copper
SLT Sterlite Industries
METALS & MINING Gold
ANV Allied Nevada Gold Corp
AU Anglogold Ashanti Ltd
METALS & MINING Industrial Metals & Minerals
ANO Anooraq Resources Corp
BOOM Dynamic Materials Corp
METALS & MINING Nonmetallic Mineral Mining
ARLP Alliance Rsrce Partners
BQI Oilsands Quest Inc
METALS & MINING Silver
CDE Coeur D'alene Mines Corp
SIL Apex Silver Mines Ltd
METALS & MINING Steel & Iron
AKS Ak Steel Holding Corp
ATI Allegheny Technologies
REAL ESTATE Mortgage Investment
NLY Annaly Mortgage Mngt Inc
REAL ESTATE Property Management/Developmen
BPO Brookfield Properties
CTO Consolidated-Tomoka Land
REAL ESTATE REIT - Diversified/Industrial
AHT Ashford Hospitality Tr Inc
ALX Alexander's Inc
REAL ESTATE REIT - Hotel/Motel
BEE Strategic Hotels & resorts Inc
CCS Castle & Cooke Inc
REAL ESTATE REIT - Office
ARE Alexandria Real Est Eqts
BDN Brandywine Realty Trust
REAL ESTATE REIT - Retail
AKR Acadia Realty Trust
EQY Equity One Inc
RETAIL Discount
BIG Big Lots Inc
CM Coles Myer Ltd
RETAIL Drug Stores
CVS Cvs Corp
OCR Omnicare Inc
RETAIL Electronics Stores
CONN Conn's Inc
GME Gamestop Corp
RETAIL Grocery Stores
ARDNA Arden Group Cl A
CBD Companhia Brasiliera De
RETAIL Home Furnishing Stores
BBBY Bed Bath & Beyond Inc
HVT Haverty Furniture Cos
SPECIALTY RETAIL Auto Dealerships
ABG Asbury Automotive
AN Autonation Inc
SPECIALTY RETAIL Sporting Goods Stores
BGFV Big 5 Sporting Goods Corp
CAB Cabela's Inc
TELECOMMUNICATIONS Diversified Communication Serv
AMT American Tower Corp
BTM Brasil Telecom S.a.
TELECOMMUNICATIONS Telecom Services - Foreign
ATNI Atlantic Tele-Network
DT Deutsche Telekom Ag
TOBACCO Cigarettes
MO Altria Group Inc
PM Philip Morris International
TRANSPORTATION Major Airlines
CEA China Eastern Airlines
TAM TAM S.A. ADR
TRANSPORTATION Railroads
ARII American Railroad Industries I
CP Canadian Pacific Ltd
TRANSPORTATION Shipping
CKH Seacor Holdings Inc
EXM Excel Maritime Carriers
TRANSPORTATION Trucking
CNW Con-Way Inc
FFEX Frozen Food Express Indus Inc
UTILITIES Electric Utilities
AEP American Electric Power
APWR A-Power Energy Generation Sys
UTILITIES Gas Utilities
ATO Atmos Energy Corp
CPK Chesapeake Utilities Cp
UTILITIES Water Utilities
ARTNA Artesian Resources Corp Cl A
AWK American Water Works
WHOLESALE Auto Parts Wholesale
KAR Adesa Inc
LKQX Lkq Corporation
WHOLESALE Building Materials Wholesale
BXC Bluelinx Holdings
IBI Interline Brands
WHOLESALE Food Wholesale
DPZ Dominos Pizza Inc
NAFC Nash-finch Co
WHOLESALE Medical Equipment Wholesale
AHII Animal Health Intl Inc
HSIC Henry Schein Inc
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The Lethal Impact of Flawed Government
By Bill Faloon of 'Life Extension' magazine.
Horrifying problems are being overlooked by a majority of the American citizenry. We hear almost daily reports of governmental ineptitude and fraud but blindly assume this will not seriously impact us.
Complacency in the face of oppressive and ineffective government is absurd in light of real world examples that exist today. An extreme illustration can be seen between the per capita income of North and South Korea. If you are fortunate enough to live in South Korea, you enjoy annual per capita income of $26,000, but those confined to North Korea struggle with a meager annual per capita income of $1,700. The North Korean government shoots those who try to flee to China or the South.
It was not always this way. In the early part of last century, North Korea was the prosperous part of the country. It has more natural resources and had greater industrial development. After suffering nearly 60 years under the rule of a centrally directed economic dictatorship, the population is impoverished. Famine is estimated to have killed millions in the mid 1990s and remains a threat today. South Korea, on the other hand, has the 30th highest per capita income in the world. The difference between South and North Korea is government.
In the United States today, our government is being manipulated at every level by pharmaceutical interests. As Life Extension® adamantly predicated in the 1980s, the inevitable consequence of governmental intrusion into health care is the approval of dangerous drugs, the delay of lifesaving therapies, and the financial insolvency of this nation.
In the coming months, you will be reading inside reports about how prescription drugs are being marked up 100 times over the cost of manufacture. Consumers pay these rip-off government-protected prices through their medical insurance premiums, prescription drug co-pays, or out-of-pocket purchases of FDA-approved medications.
To add insult to the largest consumer fraud in the history of mankind, pharmaceutical interests have successfully lobbied Congress to pass the Medicare Prescription Drug Act of 2007 and the Health Care Reform Act of 2010 that mandates that tax dollars be used to pay these grossly inflated prescription drug prices. Just imagine owning a business where you sell something for 100 times more than it costs to make, and the government guarantees you get paid in full when your customers don't have the money?
Pharmaceutical industry greed extends beyond the hundreds of billions of profits guaranteed by your tax dollars. They are also using the government to suppress competition from low-cost dietary supplements by having agencies like the GAO (General Accounting Office) disseminate biased information for the purposes of motivating Congress to pass even more restrictive legislation against what you are allowed to put in your body.
You still have a choice as to whether this country goes the way of North or South Korea. Email your Congressional Representative and two Senators that you will not tolerate them denying your free access to dietary supplements.
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Where can the oil spill go?
Click on this link:
http://tinyurl.com/2fncvnq OR
http://www.kansascit...w-gulf-oil.html
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The congresswoman from Minnesota who claims she's Nancy Pelosi's #1 target still thinks the White House is run by thugs.
In an interview published early Thursday, Rep. Michele Bachmann stood by a remark she made earlier this year in which she described the Obama Administration as a "gangster government." She even tried to give an example.
"When government comes in and decides who the winners are, who the losers are and there's no recourse, that's what happened to 3,400 dealerships across the country," Bachmann said, referring to the government's role in propping up General Motors and Chrysler. "That's one example of gangster government."
Asked if she still believed the administration was operating in gangster mode, she said, "Absolutely, I do."
Not everyone is buying into Bachmann's portrayal of the Obama team as a run-of-the-mill mob. Presenting with Bachmann's description on a Sunday talk show, conservative Rep. Marsha Blackburn (R-TN) said, "Those are words that she chose. Those are statements she made."
Bachmann's interview, published in The Hill newspaper, also contained a flatly erroneous -- but unchallenged -- claim that Obama has taken over "51 percent" of the economy.
"In 18 months' time, the federal government now owns or controls 51 percent of the private economy; 18 months ago 100 percent of the private economy was private," Bachmann is quoted as saying. "People don't want the federal government to either own or control the private economy. It certainly isn't creating jobs and it certainly isn't turning the economy around."
According to The New York Times, by the beginning of 2009 the government owned six percent of Bank of America and 7.8 percent of Citigroup: far from nationalization and amounting to nowhere near 51 percent of the nation's economy.
Bachmann won her congressional race by just three percentage points in 2006 and went on to reelection in 2008. Liberals have made her a target and used her heated rhetoric as a flashpoint for fundraising efforts.
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Robert Whiting, an elderly gentleman of 83, arrived in Paris by plane.
At French Customs, he took a few minutes to locate his passport in his carry on.
"You have been to France before, monsieur?" the customs officer asked sarcastically.
Mr. Whiting admitted that he had been to France previously.
"Then you should know enough to have your passport ready."
The American said, "The last time I was here, I didn't have to show it."
"Impossible.. Americans always have to show their passports on arrival in France!"
The American senior gave the Frenchman a long hard look. Then he quietly explained, ''Well, when I came ashore at Omaha Beach on D-Day in 1944 to help liberate this country, I couldn't find a single Frenchmen to show a passport to."
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