Markets opened lower and after a feeble attempt to move higher. The averages melted lower, traded sideways on low volume and have sea-sawed for the last several hours looking weaker going into the afternoon session.
If oil falls below 45.35, look for continuing losses in the averages this afternoon.
Here is the current market situation from CNN Money
North and South American markets are sharply lower today with shares in Brazil off the most. The Bovespa is down 2.49% while U.S.'s S&P 500 is off 1.80% and Mexico's IPC is lower by 1.18%.
$NYA200R chart below is the percentage of stocks above the 200 DMA and is always a good statistic to follow. It can depict a trend of declining equities which is always troubling, especially when it drops below 60% - 55%. Dropping below 40%-35% signals serious continuing weakness and falling averages.
BEIJING/BOSTON (Reuters) - A senior Apple Inc executive on Tuesday said the company would make it easier for Chinese app developers to download its tools for building mobile apps in a bid to prevent further attacks on its App Store.
Submitted by Eric Zuesse, investigative historian Eric Zuesse is the author, most recently, of They're Not Even Close: The Democratic vs. Republican Economic Records, 1910-2010, and of CHRIST'S VENTRILOQUISTS: The Event that Created Christianity.
U.S. Will Station New Nuclear Weapons in Germany Against Russia
Germany's ZDF public television network headlines on Tuesday September 22nd, "New U.S. Atomic Weapons to Be Stationed in Germany," and reports that the U.S. will bring into Germany 20 new nuclear bombs, each being four times the destructive power of the one that was used on Hiroshima. Hans Kristensen, the Director of the Nuclear Information Project at the Federation of American Scientists, says, "With the new bombs the boundaries blur between tactical and strategic nuclear weapons."
German Tornado pilots regularly practice with dummies of American atomic bombs. (Source: ZDF)
A former Parliamentary State Secretary in Germany's Defense Ministry, Willy Wimmer, of Chancellor Merkel's own conservative party, the Christian Democratic Union, ...
NEW YORK (Reuters) - Bond fund giant Pacific Investment Management Co said on Tuesday the pace of Federal Reserve interest-rate increases is likely to be even more gradual than the firm expected in March and that the U.S. central bank may find it impossible to escape the effective lower bound of policy rates.
(Reuters) - Lloyd Blankfein, the chairman and chief executive officer of Goldman Sachs Group Inc, said on Tuesday he had a "highly curable" form of cancer and would be able to work "substantially" as normal during treatment.
Submitted by Charles Hugh-Smith of OfTwoMinds blog,
The shackles of this new serfdom are invisible, but no less destructive for being invisible.
One of the more remarkable characteristics of American life is our passive acceptance of systems that are so obviously completely insane. Yes, I refer to our healthcare system, a.k.a. sickcare because in America sickness is profitable and health is not, and healthcare profiteering that would be the envy of pirates and warlords everywhere is the norm.
What warlord wouldn't jump on the opportunity to jack up the cost of a medication from $13.50 a tablet to $750 overnight, or as the article highlights, jack up the cost of an off-patent med from $1 a pill to $750 a pill in a few years?
This piratical pillaging is not an outlier--it's the norm in America's parasitic pharmaceutical industry:
Cycloserine, a drug used to treat dangerous multidrug-resistant tuberculosis, was just increased in price to $10,800 for 30 pills from $500 after its acquisition by Rodelis Therapeutics.
Imagine getting to jack your weekly wage from $500/week to $10,800/week while issuing a laughably lame excuse.
These profiteering prices are not the shackle of serfdom, at least not directly; few pay these prices in cash--insurers pay. And when prices rise, insurers jack their rates up accordingly (plus a bit to cover their costly political lobbying and the profit margins expected of quasi-monopolies).
Healthcare insurance is the new shackle of serfdom: Americans are forced to cling to wha ...
LOS ANGELES (Reuters) - Starbucks Corp on Tuesday said its sales-boosting Mobile Order & Pay service is now available in all of its nearly 7,500 U.S. company-operated shops, a nationwide roll-out completed about three months ahead of schedule.
BOSTON/NEW YORK (Reuters) - Bank of America Corp shareholders voted to allow Chief Executive Brian Moynihan to remain chairman, handing a victory to a CEO that has been slowly turning his bank around since the financial crisis.
BERLIN (Reuters) - Martin Winterkorn's days as head of Volkswagen AG appeared numbered on Tuesday after the German carmaker said a scandal over falsified vehicle emission tests in the United States could affect 11 million of its cars worldwide.
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