coolhand's Account Talk

As many of you already realize, I keep a link to the Seven Sentinels website in my signature block. If you day-trade or trade often you may be interested to know that Don has a special holiday deal for trying his service. I am not associated with his website in any way, but I do use an older version of his system here on our message board.

Anyway, I'm just throwing this out there so you're aware.

http://sevensentinels.com/issue/4th-quarter-2010/article/subscriptions-now-open
 
Bernanke Says Fed May Take More Action to Curb Joblessness

http://www.bloomberg.com/news/2010-...d-easing-possible-with-jobless-rate-high.html

Euro's Worst to Come as Best Forecasters See Crisis Spreading

http://www.bloomberg.com/news/2010-...fails-to-calm-crisis-top-forecasters-say.html

Hedge Funds Increase Bullish Oil Bets Most in Eight Weeks: Energy Markets

http://www.bloomberg.com/news/2010-...-bets-most-in-eight-weeks-energy-markets.html

South Korea Begins Live-Firing Drills That North Says Threaten War

http://www.bloomberg.com/news/2010-...-u-s-japan-south-korea-military-alliance.html

New Debt Ceiling Part of Tax Talks

http://online.wsj.com/article/SB100...74628052.html?mod=WSJ_Election_LeftTopStories

China Clones, Sells Russian Fighter Jets

http://online.wsj.com/article/SB100...46472655698844.html?mod=WSJ_hp_LEFTTopStories

Julian Assange, Information Anarchist

http://online.wsj.com/article/SB100...13548361870.html?mod=WSJ_hpp_sections_opinion

Mounting Debts by States Stoke Fears of Crisis

http://www.nytimes.com/2010/12/05/us/politics/05states.html?_r=2&partner=bloomberg&pagewanted=all

It Sounds Like South Korea Is Really Preparing For The Imminent Collapse Of The North

http://www.businessinsider.com/it-s...or-the-imminent-collapse-of-the-north-2010-12

Big Banks Are Stifling Economic Growth And Taxing Consumers

http://www.businessinsider.com/big-banks-are-stifling-economic-growth-and-taxing-consumers-2010-12

A fateful step for a banking giant

http://www.washingtonpost.com/wp-dyn/content/article/2010/12/04/AR2010120400056.html

Jobless rate up among those with at least bachelor's degree

http://www.usatoday.com/money/economy/employment/2010-12-06-collegegrads06_ST_N.htm

China's credit bubble on borrowed time as inflation bites

http://www.telegraph.co.uk/finance/...bble-on-borrowed-time-as-inflation-bites.html

Bernanke’s QE3 faces stiff resistance

http://www.telegraph.co.uk/finance/economics/8182554/Bernankes-QE3-faces-stiff-resistance.html
 
Did you see the 60 minutes interview? I notice a quivering lip on every tough question. lol

His eyes were a little shifty....
There was a guy we went to high school with who was always one of the introverted, "really smart" guys.
We always picked on him by shaking his hand...always clammy, and with a mush grip, like jelly.
He went into finance- I thought of him when watching Ben.
-Thought the interview was good though, kudos to Scott for addressing him directly.
 
CNBC Squawk Box had a gent on that had some questions that weren't asked that would have been hard and telling. I too sensed a slight resumption of nervousness. I saw great nervousness in his appearances on the Hill in Fall 2008 and shortly after. I saw exuding of confidence in late 2009. I think I saw a resumption of concern, nervousness, whatever in this interview, not to 2008 levels, but a return nonetheless. I attribute it to his concern that we seem to have little likelihood of getting our fiscal side in order, in time.
 
One trick Federal Reserve pony is getting long in the tooth. Just can't jump through that hoop anymore. And the drumroll is getting really old too.
 
Is this a double top on the SPX, or a runaway rally through Christmas Season? Is what we are seeing in the pre open positive Futures the preamble of a rally as a result of FED QE2 liquidity and low interest announcements, and the negotiations between The Congress and the Presidency? The USD dollar is weakening. Good luck everyone!
 
ECB`s Wellink Says `It's Not Up to' Central Bank to Save Euro-Area Members

http://www.bloomberg.com/news/2010-...o-central-bank-to-save-euro-area-members.html

China Outstrips Fed in Liquidity Surge Threatening Inflation Spike in 2011

http://www.bloomberg.com/news/2010-...urge-threatening-inflation-spike-in-2011.html

Obama Brings CEOs to White House Huddle as 44th President Changes Himself

http://www.bloomberg.com/news/2010-...huddle-as-44th-president-changes-himself.html

Schwarzenegger Declares Fiscal Emergency in California

http://blogs.barrons.com/stockstowa...scal-emergency-in-california/?mod=rss_BOLBlog

The 'tax' you can't avoid: Oil prices rising

http://money.cnn.com/2010/12/06/news/economy/thebuzz/index.htm

US jobs outlook improves, Europe's worsens-Manpower

http://www.reuters.com/article/idUSN0623167420101207

Euro collapse 'possible' amid deepening divisions over bail-out

http://www.telegraph.co.uk/finance/...e-amid-deepening-divisions-over-bail-out.html
 
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WikiLeaks Founder Assange Arrested in Britain
Reuters | December 07, 2010 | 05:49 AM EST
WikiLeaks founder Julian Assange has been arrested by British police on a European warrant issued by Sweden over allegations of sex crimes including rape, London's Metropolitan Police said on Tuesday.

Swedish prosecutors issued the arrest order for the 39-year-old Australian who is wanted in Sweden on suspicion of committing sexual crimes, which he denies.

Police said Assange, at the centre of a row over the release of secret U.S. diplomatic cables, had been arrested at about 9.30 a.m. London time on Tuesday by appointment at a London police station under a European Arrest Warrant.

"He is accused by the Swedish authorities of one count of unlawful coercion, two counts of sexual molestation and one count of rape, all alleged to have been committed in August 2010," London police said in a statement.

He is due to appear before City of Westminster Magistrates Court in London later on Tuesday.

More Top Stories
Tax Deal Suggests New Path for Obama
Some European Countries Are Bankrupt: Jim Rogers
3M Sees Adjusted Profit Rising 10%-14% in 2011
Ireland to Spare No-One in Austerity Drive
WikiLeaks Founder Assange Arrested in Britain
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Mortgage-Bond Yields That Guide Home Loan Rates Soar to Highest Since June

http://www.bloomberg.com/news/2010-...home-loan-costs-increase-to-6-month-high.html

Bernanke's 21-Month U-Turn Takes 60 Minutes: Commentary by Caroline Baum

http://www.bloomberg.com/news/2010-...s-60-minutes-commentary-by-caroline-baum.html

U.S. Treasury Sets Record for Debt Sales at $2.116 Trillion

http://www.bloomberg.com/news/2010-...lendar-year-debt-sales-at-2-116-trillion.html

Fannie, Freddie Pressed on Mortgages

http://online.wsj.com/article/SB100...24546.html?mod=WSJ_hp_LEFTWhatsNewsCollection

Unions Want Limits on Firms' Use of Contractors

http://online.wsj.com/article/SB100...6000973346880.html?mod=WSJ_business_whatsNews

The Economic Incompetence Of The Political Class

http://www.forbes.com/2010/12/06/ec...uro-opinions-contributors-charles-kadlec.html

Anger of House Democrats boils over

http://www.politico.com/news/stories/1210/46111.html

North Korean 'New Military' led by hard-line general

http://www.asahi.com/english/TKY201012070215.html
 
There's little economic data today and bonds are under a lot of selling pressure again. What the market needs is a catalyst to move it out of this trading range and we may get it as there will be a $21 bln 10-year note auction reopening at 1:00 p.m. ET today. Depending on how that auction goes the market could make a big move in either direction.
 
Ron Paul Claims Chairmanship of Monetary Policy Subcommittee, Prepared to Subpoena Fed

http://globaleconomicanalysis.blogspot.com/2010/12/ron-paul-claims-chairmanship-of.html

Investor Survey Says: Bet Oppositely

http://online.wsj.com/article/SB100...77428.html?mod=WSJ_hp_LEFTWhatsNewsCollection

Department of Justice "Crackdown" On Wall Street Is Just a P.R. Stunt Targeting Small-Time Crooks

http://www.zerohedge.com/article/de...eet-just-pr-stunt-targeting-small-time-crooks

Tax deal gains steam toward passage

http://www.politico.com/news/stories/1210/46168.html

EU's Michel Barnier unveils clampdown on derivatives, bonds and commodities markets

http://www.telegraph.co.uk/finance/...erivatives-bonds-and-commodities-markets.html
 
Santelli says we will see a 350 10 year before a 250 10 year. He pointed out that the Fed will hold its Treasuries to their maturity. :worried:
 
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