More Dow Pain Tomorrow? – China Eastern cancels order for Boeing 787s

By John Galt October 18, 2011 – 21:20 ET Uh, about those awesome Boeing 787 Dreamliners again…. China Eastern cancels order for Boeing 787s (China Daily) 08:36, October 19, 2011 BEIJING – Chinese airlines that used to boast about ambitious international expansion plans are now turning their focus back home as the weakening global economy hurts demand for long-haul air travel. China Eastern Airlines Corp, the country’s second-largest carrier by aircraft numbers, announced on Monday night it was canceling its order for 24 Boeing 787 Dreamliners in favor of 45 smaller…

Just like 2008: The Banksters Crime Family Cut a deal the States Could not Refuse

By John Galt October 18, 2011 – 22:00 ET Remember the joys of 2008? The backroom deals. Hank Paulson intimidating the elected morons into cutting unconstitutional deals to steal monies from taxpayers to bail out the banksters. President Bush acting like an idiot on television claiming the economy was still okay and the U.S. would be fine. Fast forward to 2011: The backroom deals. Turbo Timmy Geithner and the Fed pressuring the states to accept an unconstitutional deal to give immunity to and bail out the banksters. President Obama acting like…

Must Read from the Daily Caller: V.A. Denying 114,000 Veterans their 2nd Amendment Rights

By John Galt October 18, 2011 – 21:20 ET If you read no other story I post in the next 24 hours, read this one from The Daily Caller by C.J. Ciaramella: Senators: V.A. has denied gun rights to more than 100,000 veterans This is what happens when you surrender your freedoms to a bureaucracy and allow individuals to create their own versions of the rule of law instead of forcing them to abide by The Constitution.

10/18 U.S. Market Preview: The Seismomarkets

By John Galt October 18, 2011 – 05:30 ET The chart above is: a. A typical HFT activity chart b. The SPY for the last 4 years on a daily basis c. NFLX intraday minute by minute chart d. A Seismograph The answer is ‘d’ but it could have been any of them the way our whacky markets have behaved over the last four years. Today will be no exception. A horrid technical formation as outlined last night in the post-market postmortem told the tale of the tape and with IBM…

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