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Will anyone mourn Saturn?
More at Link...
FDIC FOIA Discloses Pandit Future Could Promptly Converge With That Of Ken Lewis
It was immensely refreshing to find an actual probing piece of investigative journalism coming out of Reuters, instead of the traditional regurgitated, opinion-based, fluff-filled, secondary source monologues (we prefer the British spelling) we have become accustomed to seeing out of the Thomson Reuters behemoth.
In a rare example of how even the MSM gets it right sometimes, Matt Goldstein has done an admirable job of connecting the dots based on a FOIA request he had submitted to the FDIC, in which the insolvent (as of Be today) Deposit Insurer has provided Goldstein with a unique glimpse into the daily travails and activities of its boss, Sheila Bair, and how they may have a direct bearing on the future of none other, than a very troubled Chief Executive Officer.
From Goldstein's "Bair's summer in the Citi"
A lot has been hanging on Friday's jobs report, expected to show a decline in September of about 200,000 non-farm payrolls and an unemployment rate of 9.8 percent. However, prominent Goldman Sachs economist Jan Hatzius now thinks that number may be worse than previous expected and he revised his forecast Thursday, rattling an already jumpy stock market.
"What's happening is the economic data is turning weak again, and people are saying, 'here's the W,' said Art Cashin, director of floor operations at UBS.
Originally posted by GreenBicMan
we are now sitting in the make or break spot again as we have a few times in this monsterous rally
sitting right inbetween the 20 and 50 ema
every other time we came right back up
a look at stockcharts.com on the daily chart will show this..
a DOJI tomorrow will most likely yield a positive Friday, and anything else I would short till at least the 50 EMA