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On several occasions, I have talked about how - at times - the market behaves like a fly that is in its last throes, having been sprayed by a burst of Baygon or some other such chemical weapon (a deplorable way to kill any thing).
Today it was bzzzt bzzzt bzzzzt upwards... the criminals running the US government (and all governments) really want the public to be 'all in' before the gutting begins anew.
I've only recently become aware of this term 'all in' - apparently every nuffnuff in the world now loves some or other form of poker (I saw it on the telly just now, and it's sadder than internet porn). The way to put your balls on the line when you've fucked everything else up, is to go 'all in'... betting everything you have on the turn of three cards.
For the parasitic scumbags that live by raping the paypackets of society, 'all in' is WAR. It's their 'big bet' - that they will come out of it as 'statesmen', and history will ignore the fact that their entire life was paid for by theft.
Think about Churchill - who was a big pusher of TWO world wars, which resulted in the fall of all of the major houses of Europe, the death of the British Empire, and the rise of both Hitler and Stalin. All as a result of bad bets by the Pommie parasite-class in general, but Churchill in particular. 250 million dead, and Eastern Europe under an iron boot for two generations... and all for hubris.
For now, the parasite class seem to be holding off on the whole 'war' thing... they've already got two unwinnable conflicts draining money from taxpayers, and a third front would be impossible due to funding considerations.... nobody is prepared to buy enough bonds to fund yet another front.
For the poor schlubs who are the host livestock for the parasites, well they are getting older: they understand that the State is unlikely to be able to fulfill its promises (i.e., that the State will not return their retirement contributions in the form of a pension). They have limited years left in which to squirrel away funds to (hopefully) furnish a retirement income... and there is always the peril that any funds they squirrel away will be stolen and transferred to the parasite's banker symbiotes.
What would YOU do in such a situation, dearest Reader? Would you simply try and scrabble through, and hope that the banksters decide not to steal your little nest egg? If so, I hope you've got a flexible palate, because you're going to wind up eating grass and carrion (dog food will be too expensive for you).
Me. I'm planning a much more concrete set of actions - chief among them is helping rid humanity of every last trace of political parasites (and not by setting a good example for them to follow, I assure you).
Headline Indices
The Dow Jones Industrial Average gained 74.96 points (0.86%) to 8750.24 points, having been unchanged just after midday. The index high for the day was 8751.17 (in the final minute of play), while the low was 8634.57, set at 10:05 NY time.
Total volume traded in the 30 components of the index was 1.16bn shares. Advancers outpaced decliners by 1.9 to one, with 19 advancers to 10 decliners. Advancing volume exceeded declining volume by 995.12m to 168.78m shares. The biggest gainers (percentage-wise) were -
- Alcoa (AA) +0.62 (6.2%) to $10.69 on volume of 40.6m shares;
- Bank Of America (BAC) +0.66 (5.9%) to $11.87 on volume of 309.05m shares;
- Citigroup (C) +0.18 (5.3%) to $3.57 on volume of 230.03m shares; and
- Boeing (BA) +2.2 (4.5%) to $50.57 on volume of 7.15m shares.
The S&P500 Index advanced +10.70 points (1.15%) to 942.46 points. Total volume traded in the 500 components of the index was 4.32bn shares. Advancers outpaced decliners by 2.7 to one, with 345 advancers to 126 decliners. Advancing volume exceeded declining volume by 3.34bn to 917.93m shares. The biggest gainers (percentage-wise) were -
- KeyCorp (KEY) +0.9 (19.6%) to $5.5 on volume of 89.4m shares;
- Unisys Corp. (UIS) +0.18 (12.6%) to $1.61 on volume of 3.89m shares;
- SLM Corporation (SLM) +0.71 (12.2%) to $6.54 on volume of 8.96m shares;
- American Int'l. Group (AIG) +0.17 (11.6%) to $1.64 on volume of 68.15m shares; and
- CIT Group (CIT) +0.33 (11%) to $3.34 on volume of 13.84m shares.
The Nasdaq Composite gained +24.10 points (1.32%) to 1850.02 points. while the Nasdaq100 gained +17.30 points (1.17%) to 1492.74 points. Total volume traded in the 100 components of the index was 710.58m shares. Advancers outpaced decliners by 1.9 to one, with 64 advancers to 33 decliners. Advancing volume exceeded declining volume by 570.79m to 135.59m shares. The biggest gainers (percentage-wise) were -
- Sirius Satellite Radio (SIRI) +0.024 (7.4%) to $0.35 on volume of 23.75m shares;
- Joy Global (JOYG) +2.25 (6.2%) to $38.36 on volume of 6.25m shares;
- Steel Dynamics (STLD) +0.81 (5.8%) to $14.84 on volume of 33.69m shares;
- Sears Holdings (SHLD) +3.75 (5.7%) to $69.33 on volume of 1.36m shares; and
- Virgin Media (VMED) +0.47 (5.6%) to $8.91 on volume of 2.63m shares.
Volatility
The CBOE Volatility Index dropped 0.84 points (2.71%) to 30.18 points. and the CBOE Nasdaq100 Volatility Index lost 0.39 points (1.24%) to 31.06 points..
Breadth and Internals
A total of 3805 issues traded today on the NYSE; 2821 stocks posted gains for the day, and there were 876 losers. 28 stocks made new 1-year highs on the NYSE, while 55 shares plumbed new 52-week depths.
On the Nasdaq 2854 tickers traded today; total Nasdaq volume was 2.41bn shares. A total of 1948 stocks posted gains for the day, with aggregate volume of 1.95bn shares changing hands in the day's winners. The red zone of the Nasdaq exchange comprised 767 losers, and total declining volume was 450m shares. 38 Nasdaq-listed stocks hit new 52-week highs, while 10 shares dipped to new 1-year lows.
| Major Market Statistics | |||
| Index | Close | Gain(Loss) | % |
| Dow Jones Industrial Average | 8750.24 | +74.96 | 0.86% |
| S&P500 Index | 942.46 | +10.70 | 1.15% |
| Nasdaq Composite | 1850.02 | +24.10 | 1.32% |
| Nasdaq100 | 1492.74 | +17.30 | 1.17% |
| CBOE Volatility Index | 30.18 | -0.84 | -2.71% |
| CBOE Nasdaq100 Volatility Index | 31.06 | -0.39 | -1.24% |
Dow Darlings
- Alcoa (AA) +0.62 (6.2%) to $10.69 on volume of 40.6m units
- Bank Of America (BAC) +0.66 (5.9%) to $11.87 on volume of 309.1m units
- Citigroup (C) +0.18 (5.3%) to $3.57 on volume of 230m units
- Boeing (BA) +2.2 (4.5%) to $50.57 on volume of 7.2m units
- JPMorganChase (JPM) +1.37 (4%) to $35.35 on volume of 68.1m units
Dow Duds:
- Merck (MRK) -0.63 (2.3%) to $26.58 on volume of 21.9m units
- Pfizer (PFE) -0.25 (1.7%) to $14.64 on volume of 39.8m units
- Procter & Gamble (PG) -0.46 (0.9%) to $53.35 on volume of 9.7m units
- Du Pont (DD) -0.18 (0.6%) to $28.71 on volume of 8.9m units
- Johnson & Johnson (JNJ) -0.32 (0.6%) to $55.84 on volume of 12m units
Most Traded Dow stocks:
- Bank Of America (BAC) +0.66 (5.9%) to $11.87 on volume of 309.1m units
- Citigroup (C) +0.18 (5.3%) to $3.57 on volume of 230m units
- JPMorganChase (JPM) +1.37 (4%) to $35.35 on volume of 68.1m units
- General Electric (GE) +0.25 (1.9%) to $13.75 on volume of 55.1m units
- Intel (INTC) +0.19 (1.2%) to $16.13 on volume of 47.4m units
Precious Metals
The Gold Bugs index (XAU) advanced 4.91 points (3.22%) to 157.42 points. Total volume traded in the 16 components of the index was 86.67m shares. Not a single stock declined withinin the index: 16 of the 16 index components rose, with total upside volume of 86.67mshares. The biggest gainers (percentage-wise) were -- Coeur d'Alene (CDE) +1.12 (7.8%) to $15.53 on volume of 2.12m shares;
- Freeport McMoran (FCX) +2.67 (5%) to $56.33 on volume of 15.04m shares;
- Pan-American Silver (PAAS) +0.96 (4.3%) to $23.29 on volume of 1.21m shares;
- Silver Stand Resources (SSRI) +0.93 (4%) to $23.97 on volume of 0.96m shares; and
- AngloGold Ashanti (AU) +1.5 (3.7%) to $41.65 on volume of 2.25m shares.
Energy Complex
The Oil Services index (OSX) rose 5.69 points (3.25%) to 180.79 points. Total volume traded in the 15 components of the index was 91.84m shares. Not a single stock declined withinin the index: 15 of the 15 index components rose, with total upside volume of 91.84mshares. The biggest gainers (percentage-wise) were -- Rowan Co (RDC) +1.32 (6.2%) to $22.53 on volume of 4.79m shares;
- Nabors Industries (NBR) +0.99 (5.5%) to $18.95 on volume of 6.41m shares;
- National Oilwell Varco (NOV) +1.96 (5.3%) to $39.18 on volume of 8.18m shares;
- Weatherford International (WFT) +0.85 (4.3%) to $20.85 on volume of 14.05m shares; and
- Cameron International (CAM) +1.15 (3.9%) to $30.94 on volume of 5.81m shares.
Bellwethers
The nine-stock group that makes up the Rant bellwethers advanced on average by 2.6%. The fallout occurred as follows:
- General Electric (GE) +0.25 (1.85%) to $13.75 on volume of 55.12m units.
- Citigroup (C) +0.18 (5.31%) to $3.57 on volume of 230.05m units.
- Wal-Mart (WMT) -0.01 (0.02%) to $50.87 on volume of 15.07m units.
- IBM (IBM) -0.16 (0.15%) to $106.33 on volume of 5.33m units.
- Intel (INTC) +0.19 (1.19%) to $16.13 on volume of 47.35m units.
- Cisco Systems (CSCO) +0.31 (1.6%) to $19.67 on volume of 39.33m units.
- Google (GOOG) +8.63 (2%) to $440.28 on volume of 3.57m units.
- Fannie Mae (FNM) +0.05 (7.35%) to $0.73 on volume of 10.07m units.
- Freddie Mac (FRE) +0.03 (4.11%) to $0.76 on volume of 4.59m units.
Other Indices of Interest...
The Banks index (BKX) added 1.74 points (4.81%) to 37.88 points. Total volume traded in the 24 components of the index was 1.16bn shares. Not a single stock declined withinin the index: 21 of the 24 index components rose, with total upside volume of 1.16bnshares. The biggest gainers (percentage-wise) were -
- Keycorp (KEY) +0.9 (19.6%) to $5.5 on volume of 89.4m shares;
- New M&I Corporation (MI) +0.6 (9.9%) to $6.66 on volume of 5.67m shares;
- Comerica Inc (CMA) +1.77 (8.5%) to $22.58 on volume of 3.95m shares;
- PNC Financial (PNC) +3.37 (8.4%) to $43.7 on volume of 7.27m shares; and
- Fifth Third Bancorp (FITB) +0.48 (7.4%) to $7 on volume of 107.17m shares.
The Semiconductor index (SOX) was unchanged at 271.31 points. Total volume traded in the 18 components of the index was 224.01m shares. Advancers outpaced decliners by 16 to one, with 16 advancers to 1 decliners. Advancing volume exceeded declining volume by 200.03m to 23.98m shares. The index's rather boring situation arose as a result of a mixed bag of results, the most notable amongst these (in percentage terms) being -
- Micron Technology (MU) +0.53 (10.7%) to $5.5 on volume of 34.21m shares;
- Teradyne (TER) +0.43 (6.1%) to $7.48 on volume of 8.39m shares;
- Marvell Technology (MRVL) +0.56 (5.2%) to $11.34 on volume of 12.04m shares;
- Sandisk (SNDK) +0.66 (4.4%) to $15.81 on volume of 8.09m shares; and
- Advanced Micro Devices (AMD) +0.17 (3.8%) to $4.65 on volume of 19.63m shares.
The ChildKiller ("Defence") index (DFX) gained 5.68 points (2.22%) to 261.16 points. Total volume traded in the 17 components of the index was 87.4m shares. Not a single stock declined withinin the index: 16 of the 17 index components rose, with total upside volume of 87.4mshares. The biggest gainers (percentage-wise) were -
- Rockwell Collins (COL) +2.14 (4.7%) to $47.69 on volume of 1.97m shares;
- Boeing (BA) +2.2 (4.5%) to $50.57 on volume of 7.15m shares;
- Gencorp (GY) +0.09 (4.3%) to $2.2 on volume of 0.38m shares;
- Teledyne Tech (TDY) +1.03 (3%) to $35.71 on volume of 0.25m shares; and
- ITT Corporation (ITT) +1.23 (2.9%) to $44.37 on volume of 1.61m shares.
