The DAX is Down 28% Over the Past 3 Months

Clearly the market is saying Germany has the most to lose, punishing the DAX by a stunning 28% over the past 3 months. The French CAC is enduring similar losses, down 25%, while the US DOW 30 is down just 7.5%.

Since everyone else is too chickenshit to call it, we will scoop it. Shadows on Fly’s urinals in New York told us so.

Chequemate.

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Latest numbers from Drudge:

14,347 Turner [R] 13,713 Weprin [D]

MORE ON SPECIAL ELECTION FOR WEINER’S SEAT FROM AP 

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NEW YORK TIMES’ ARTICLE 

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Unreal.

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Adds another $5billion to the existing $2 billion plan

Ralcorp Holdings: ConAgra Foods (CAG) today reiterated its $94 per share, all-cash proposal to acquire co (83.76 -1.23)
ConAgra Foods reiterated its $94 per share, all-cash proposal to acquire Ralcorp Holdings. Co previously rejected this proposal, without dialogue with ConAgra Foods, on August 12, 2011. ConAgra Foods continues to believe its proposal of $94 per share in cash provides present value in excess of what Ralcorp can achieve on its own, including through its announced spin-off plans. If ConAgra Foods and Ralcorp are not engaged in a constructive dialogue satisfactory to ConAgra Foods by 5:00pm Eastern time on September 19, 2011, ConAgra Foods will withdraw its proposal

A federal judge in Pennsylvania said the insurance-buying mandate in President Barack Obama’s health care overhaul in unconstitutional, the latest ruling over an issue likely to be taken up by the Supreme Court.

District Judge Christopher Conner in Harrisburg on Tuesday said the Commerce Clause of the Constitution did not grant Congress the power to include a provision requiring nearly all Americans to have health insurance. The provision is scheduled to take effect in 2014.

“The nation undoubtedly faces a health care crisis,” Conner wrote. “The federal government, however, is one of limited enumerated powers, and Congress’s efforts to remedy the ailing health care and health insurancemarkets must fit squarely within the boundaries of those powers.”

Tracy Schmaler, a spokeswoman for the Justice Department, said: “We believe, as other federal appeals courts have held, that the law is constitutional.”

(Reporting by Jonathan Stempel in New York and James Vicini in Washington, editing by John Wallace)

SOURCE

DOW up 75 bones (0.66%)

S&P up 13.46 bones (1.14%)

NASDAQ up 39 bones (1.60%)

I might venture into TZA on a close below 1175 S&P. Seems like this may be a short term resistance level.

“Superflys over here baby”

What a crazy notion from market watch writer Brett Arends

Would it work ?

Let’s hope this writer is far off base

Some say just the top 5%

Interesting correlation as most banks and institutions tout diversification. Gold and silver have been the best diversification lately.

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No pain..no gain

“Tiger Global’s Chase Coleman has added to what could turn out to be his best year ever.”

This is unconfirmed rumor, but the market seems to gravitate toward these story lines…

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Hurray let’s put another problem on our plate.

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Come on America….let’s get in gear.

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Another perspective on the data