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Pre Non Farm Payroll Numbers Disapointed early Wednesday as
Interest rate Cuts of 50bps are expected from the BOE and ECB Thursday. No shock to the charts are expected - but expect the unexpected.
November 5th, 2008 - Nothing but Down
Above - The Major Indexes and the VIX-Volatility Index 5 Minute Charts
Above - USD-JPY 4 Hour Chart breaking Support (click to enlarge)
Finally - the Election of 2008 is Over! - Now What?
Thankfully John McCain allowed Americans to get an early nights sleep Tuesday by conceding defeat - before California and the West coast was even finished voting.
For me, John McCain and Barack Obama both never resonated beyond mediocre sound bites. IMO – Despite McCain’s pleas for others to help him fight, It looked as if the maverick was relieved to give up. Only in the last few days was Sarah Palin allowed to regain her dignity and throw a few punches for him.
The Big Picture - Click to Enlarge
US President Elect Obama makes his acceptance speech Tuesday night
Calls for the lowering of expectations are coming from the four corners of the left.
Now that the media has put the public in a state of mass psychosis, the public will be in need of a “rattle ya jewelry”, John Lennon type statement from the President elect. Reality sank in fast Wednesday as the financial markets gave BO the cold shoulder as the weight of the world began it’s descent.
Leadership Needed Now for US All – Starting with You!
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