Okay, I'll get it started for this week. I'm expecting another fantastic week, as far as action.

In case you don't read anything I post in here as far as articles, and have some crazy notion we are 'recovering' on the jobs front.

http://www.zerohedge.com/news/2013-08-02/obamacare-full-frontal-953000-jobs-created-2013-77-or-731000-are-part-time

Nah, I don't find this behavior strange at all...





Chart created on, and courtesy of, Sierra Chart

A little quicky overview. I'm just posting this for this info mostly:

"Financials are the single biggest contributors for earnings growth in the S&P 500. These earnings are entirely fiction based on accounting gimmicks, not real money being made. Ex-financials, the S&P 500’s earnings for the second quarter are DOWN 2.3%."

Most say that even though it may be a bit unfair that the incredible earnings come from the Fed, they are genuine earnings nonetheless. But, if this info is correct (and I've seen it from many other reputable sources), earnings are down outside the robber barons...

What could go wrong...

http://www.zerohedge.com/contributed/2013-08-02/trader-games-are-ending