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16Nov2015 Market Close: Markets Close Up Sharply With Little Positive News

Written by Gary

Sea Container counts in contraction. New York Manufacturing in contraction. Terror in Paris. All is well as the markets rose sharply over 1% at close.

Todays S&P 500 Chart

The Market in Perspective

Here are the headlines moving the markets.

U.S. regulators invite applications from would-be Takata monitors

WASHINGTON (Reuters) - U.S. auto safety regulators on Monday invited outside companies and individuals to apply for the job of independent monitor for the massive recall of Takata Corp air bag inflators.

Wall Street jumps 1 percent, looks beyond Paris attacks

(Reuters) - Wall Street surged over 1 percent on Monday as investors bet Friday's deadly attacks in Paris would have little long-term effect on the U.S. economy and corporate earnings.

Dassault says delayed 5X jet schedule should be clear in early 2016

LAS VEGAS (Reuters) - Dassault Aviation said on Monday it expects to announce a new testing and production schedule early next year for its Falcon 5X business jet, which has been delayed by problems with engines supplied by Snecma.

Marriott to buy Starwood to create world's biggest hotel chain

(Reuters) - Marriott International Inc will buy Starwood Hotels & Resorts Worldwide Inc for $12.2 billion to create the world's largest hotel chain with top brands including Sheraton, Ritz Carlton and the Autograph Collection.

Detroit's Big Three accelerate plans to build more small cars in Mexico

DETROIT (Reuters) - Detroit's Big Three automakers are accelerating plans to produce more small cars for the North American market in Mexico as they seek to reduce labor costs, while using higher-paid U.S. workers to build their very profitable trucks, sport utility vehicles and luxury cars.

VW says CO2 cheats affect more petrol engines than previously disclosed

Volkswagen manipulated the carbon dioxide (CO2) emission levels of more petrol-powered vehicles than previously disclosed, a spokesman for the carmaker said on Monday.

How Pfizer has shifted U.S. profits overseas for years

Drugmaker Pfizer's plans to take over Allergan have faced a political backlash in the United States over fears a deal would lead to the company shifting its headquarters and taxable profits to Ireland.

Taco Bell to switch to cage-free eggs after 2016, ahead of rivals

Taco Bell said on Monday its more than 6,000 U.S. fast-food restaurants would stop using eggs laid by caged hens by Jan. 1, 2017, years ahead of the deadlines set by its bigger rivals.

Buffett's Berkshire cuts crisis-era Goldman stake

Warren Buffett's Berkshire Hathaway Inc on Monday said it reduced its stake in Goldman Sachs Group Inc by 13 percent during the third quarter, paring a successful investment it made during the height of the global financial crisis.

Meanwhile, In Chicago

With a person shot every 3 hours and murdered every 17 hours, perhaps - just perhaps - there is more than just climate change to worry about in Chicago...

There's this...

And then there's this...

Source: HeyJackass.com

There Are No Safe Spaces

Submitted by Howard Kunstler via Kunstler.com,

I'm not persuaded that world opinion will ever "make sense" of the Paris attacks. The non-linear rules the day. So-called Fourth Generation Warfare works because there are so many small arms loose in the world and any band of maniacs with a few machine guns and a pound of Semtex plastic explosive can create the equivalent of a war zone in a given locality.

As for the French military, the obvious first move was to bomb the ISIS "stronghold" of Raqqa. But haven't the US and Russian air forces been doing exactly that for some time now? Either they've already bombed the place and everything in it to gravel, or air power is not what it's cracked up to be — and we have plenty of reason to believe the latter after a decade of selectively pounding jihadists from Afgahnistan to Libya with nothing to show for it except a refugee crisis.

One thing seems assured: hard-line governments are coming soon. Politically, the West had boundary problems that go way beyond the question of national borders to the core psychology of modern liberalism. When is enough of anything enough? And then, what are you really willing to do about it? The answer lately among the Western societies is to do little and do it slowly.

The behavior of college administrators and faculties in the USA these days is emblematic of this cowardly dithering. Intellectual despotism reigns on campus and the university presidents roll over like possums. They don't have the moral strength to defend free speech as the campus witch-hunts ramp up. The result will be firs ...

Obama Says 10,000 "Carefully Vetted" Syrian Refugees Still Headed To The US

As reported earlier Texas, and five other states, including Louisiana, Alabama, Arkansas, Indiana, and Michigan announced that in the aftermath of the Paris attack, they have rescinded their invitations to Syrian refugees. Some of the excerpts:

"Michigan is a welcoming state and we are proud of our rich history of immigration," Michigan governor Rick Snyder said, according to the Detroit Free Press. "But our first priority is protecting the safety of our residents."

“The acts of terror committed over the weekend are a tragic reminder to the world that evil exists and takes the form of terrorists who seek to destroy the basic freedoms we will always fight to preserve," Alabama Gov. Robert Bentley said in his statement. "I will not place Alabamians at even the slightest, possible risk of an attack on our people," he added.

"As Governor I will oppose Syrian refugees being relocated to Arkansas," Arkansas Gov. Asa Hutchinson tweeted.

"Indiana has a long tradition of opening our arms and homes to refugees from around the world but, as governor, my first responsibility is to ensure the safety and security of all Hoosiers," Indiana Governor Mike Pence wrote in a statement. "Unless and until the state of Indiana receives assurances that proper security measures are in place, this policy will remain in full force and effect.â€

But while these states profess to putting the safety of their citizens first and foremost, then perhaps the Federal government is looking for... more explosions? At least that is the initial take on the statement by the State Department spokesman Mark Toner who said that the United States "still plans to try to admit 10,000 Syrian refugees int ...

VIX Again - That Is All

Presented with little comment aside to ask WTF?

VIX must be crushed to levitate stocks because the terrorists can't be allowed to win...

U.S. Stocks Advance

Energy shares led U.S. stocks higher, while investors and analysts noted that terrorist attacks in recent years have typically prompted knee-jerk reactions but little lasting impact on markets.

Oil Prices Rebound

U.S. oil prices rose Monday, erasing earlier losses, after nearing the psychologically key $40-a-barrel level.

Big African Debt Burdens, Written Off, Are Back Again

Rock stars helped convince the international community to write off more than $100 billion of African government borrowings a decade ago. Now the big debts are back, and it’s getting tougher for countries to pay them off, thanks to a borrowing spree that has collided with the commodities collapse.

October 2015 Sea Container Counts Continue to Show Trade Recession Continues

Written by Steven Hansen

The data for this series continues to be in contraction. The year-to-date volumes are contracting for both exports and imports. The trade sector remains in a recession.

The Margin: 6 wild uses for drones that aren’t just photography

5 cool uses for drones that aren’t just photography, from stopping rhino poachers to creating nighttime shows at Disneyland.

The Wall Street Journal: Sotheby's to offer voluntary buyouts to cut costs

Sotheby's say it will offer voluntary buyouts to most employees in jurisdictions where it is practical, in an effort to cut compensation costs.

Market Snapshot: Stocks poised to snap 3-session losing streak as gains accelerate

U.S. stocks are poised to break their three-session losing streak Monday as investors shook off pessimism following the Paris terror attacks while gold and the U.S. dollarâ€"assets perceived as havensâ€"got a boost.

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To contact me with questions, comments or constructive criticism is always encouraged and appreciated:

gary@econintersect.com

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