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[Nemo]

Nuff Said.  Get that extra jar of peanut butter.

Nemo

EUROPEAN MARKETS FALL SHARPLY ON WEAK CHINESE ECONOMIC DATA, DOW FUTURES DOWN MORE THAN 2 PERCENT, POINTING TO SHARPLY LOWER OPENING: FOLLOW NOW ON FOX BUSINESS

[JohnyMac]

Yup, the "Golden Collapse" is in full swing. Like a Golden Parachute for C-Level managers.

The question after this short lived uptick in the market, where will the market go over the next 5-7 days for the new normal low.

It almost seems like someone (Puppet Master) is allowing folks to take profits while they can before the floor is abruptly reached. Probably greater that -20% by year end. 

Can you feel it...

[Nemo]

Closes at 1630.  Will be keeping an eye on that.  But for now see below, top block.

Oil also.  Over past week or so its been up 25%.  Numbers are half hour delay.  But down today. WTI is benchmark price quoted number, along with Brent Crude.   Lower block.

Nemo

http://www.google.com/search?q=djia+close+today

Dow Jones Industrial Average 2 Minute
Dow Jones Indices: .DJI - Sep 1 3:51 PM ET
16,062.39 Price decrease 465.64 (2.82%)

CL1:COM
WTI Crude Oil (Nymex)
   USD/bbl.    45.18    -4.02    -8.17%    OCT 15    15:23:26    

[JohnyMac]

Futures up 78 points this morning.

With Labor Day weekend coming up I suspect we will see little change in the market these last three days to the unofficial end of summer. Maybe +/- 30 points.

With that written, labor numbers for August will be coming out Friday.