Monday, August 1, 2011

A day before US of A default

-First... August 2 is not a drop dead date for this nation's financial mess. It could function in this state of limbo all the way to 01/20/2013.
-July's ISM Manufacturing Index was but 50.x% actual Vs 54.x% WH est down >4%. Another index in the tank.
-The market upon learning of the above index results, nosedived from +150pts at 0930 to -40 pts by 10 o'clock, still in the tank.
-All the teeth in the debt ceiling talks have been extracted. Where is our toothless leader pp? I down graded his code name to lower case letters to reflect my displeasure in pp preformance on this issue and everything else he has has been associated with since childbirth. He don't like his white mama, said so in one of his books.
-The Kansas Witch (KW) code name for Sebellius, indicated we are all going to pay for birth control methods/costs for everyone starting 01.01.2013. That's but 19 days before pp leaves office.
-Too bad KW wasn't around in 1960, maybe we would not have pp to kick around today.

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