Monday, November 9, 2009

New Week, New Bill of Health

Feeling much better at LCT HQ after a horrible illness last week. Suppose the lack of sleep from talking to clients and reporters really took its toll. Thanks for all the well wishes and the get well basket from our friends in lower Manhattan. And, yes, the chocolate covered pretzels were the first to go. :)

And, how fitting to fell better after the House passed the future bankruptcy bill of America. No wonder the AARP backed it--the entire bill promises better Medicare benefits, while cutting Medicare to pay for the crappy bill. Awesome this is coming out because I need a little more Walt Disney FantasyLand in my life!!

No economic indicators this week until Thursday, and the bond market is closed Wednesday for Veterans Day (banks are closed as well). Equity markets are open, though.

The three big releases this week are 1) jobless claims (word is this figure will break below 500,000 for the first time since January.) 2) U of Michigan Confidence on Friday. 3) Fed's Senior Loan Officer Survey (not really a scheduled released indicator, but it will give us a lot to consider when it comes to personal and commercial credit. Survey shows supply and demand for credit. This report will be dismal.)

Overseas Boxscore:

Hang Seng: +1.73%

Straits Times: +1.32%

Shanghai: +0.36%

Kospi: +0.28%

Nikkei: +0.20%

Talk to you,

Todd M. Schoenberger
Managing Director
LandColt Trading, LLC

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