By John Galt August 22, 2011 – 21:35 ET Quadriplegic says violent neighbor assaulted him with fish: Vegans on the Red Planet? PETA says yes, please Kuwait denies “bad mouth smell” traffic ticket I report, you decide. God knows why I report this crap.
By John Galt August 22, 2011 – 16:25 ET Oh the temptations to add a lot of commentary to this but here is an excerpt from the Reuters story: Exclusive: Goldman CEO hires high-profile defense attorney 3:39pm EDT By Andrea Shalal-Esa WASHINGTON (Reuters) – Goldman Sachs Chief Executive Lloyd Blankfein has hired Reid Weingarten, a high-profile Washington defense attorney whose past clients include a former Enron accounting officer, according to a government source familiar with the matter. Blankfein, 56, is in his sixth year at…
By John Galt August 22, 2011 – 10:00 ET The charts that I have been maintaining for over a year now are available within the economic charts pages to the right for permanent review and of course, after the releases on these pages. Now that my schedule has gone from just madly insane to regular insane, these charts will be updated in a more timely manner. No commentary really is necessary because the Federal Reserve doesn’t eat, doesn’t drive or pay for their own gas…
By John Galt August 22, 2011 – 08:55 ET Yup, it would appear the rumors of QE∞ and the removal of the whacky Colonel from power in Libya will be enough to power the markets higher today. Expect thin volume all week until GS receives the leak as to if there will be another round of Bernanke money bombs dropped on the economy. Remember to watch the one stock that the Fed loves to flaunt in your face, Goldman Sachs, to see what happens. 109-110…
By John Galt August 22, 2011 – 08:34 ET The Chicago Federal Reserve Bank’s National Activity Index was released a few minutes ago and shows some improvement and avoided the dreaded decline to the -0.7 level which indicates a pending or current recession per most readings. With this good news, the markets should enjoy today’s Dead Dictator Bounce as I like to call it and rally off the recent lows on low volume. Here is the chart from the Chicago Fed and the entire report…
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