Wall Street close watch

There is no sure thing...
As proven fact, market does continue to surprise us all, a brake above 8600 is goint to be interesting..

Did not today, the low volatility is surprising, any ideas what to expect next?

The volatility seems to be dropping through the floor, traders and investors are waiting to see what happens next. And so am I. The fundamentals do not match the price and everybody knows it.

DOW, S&P with 4hr H&S.

Six Arrested in Wall Street Fraud Case Topics:Wall Street | Stock Market By: CNBC.com and Wires | 08 Jul 2009 | 10:06 AM ET Six individuals including Ross Mandell, an executive with Sky Capital, surrendered to the FBI this morning for their alleged role in a securities fraud case involving a Wall Street brokerage firm, CNBC has learned. Charges will be unsealed later today. Those arrested are expected to appear Wednesday in federal court in Manhattan. The case involves an alleged $140 million scheme that spanned a decade.

Inflation Remains Tame at 0.7%, Even as Gas Prices Rise





By: Reuters, economy, inflation, CPI, consumer price index, core CPI | 15 Jul 2009 | 09:22 AM ET http://media.cnbc.com/i/CNBC/CNBC_Im...text_minus.gifhttp://media.cnbc.com/i/CNBC/CNBC_Im..._text_plus.gif

U.S. consumer prices rose at a slightly faster-than-expected 0.7 percent pace in June, but the bulk of the increase was due to soaring gasoline prices and the core measure of inflation remained relatively tame, government data on Wednesday showed.
http://media.cnbc.com/i/CNBC/Section...NCE/wallet.jpg
The Labor Department said the rise in the Consumer Price Index was the largest since July 2008. Wall Street analysts polled by Reuters had forecast a 0.6 percent increase, compared with the 0.1 percent gain reported in May.
Gasoline prices jumped 17.3 percent last month, the largest increase since September 2005, and explained the bulk of the increase in the headline index, the Labor Department said.




http://www.cnbc.com//id/31919975

Inflation in check........for now

Factories Begining to Recover, While Inflation Remains Tame

By: Reuters, Factories Begining to Recover, While Inflation Remains Tame economy, inflation, CPI, consumer price index, core CPI | 15 Jul 2009 | 09:46 AM ET
The improvement in factory sentiment was boosted by a big jump in the new orders index to 5.89 from June's minus 8.15, reaching its highest since December 2007.
The improvement came as the inventories index fell to minus 36.46 -- a record low, according to the New York Fed. In June, it was at negative 25.29.
Economists have expected plummeting inventories to lead to a rebound in production and possibly help pull the U.S. economy out of the worst recession in decades.
"It's still a tentative sign, but consistent with other reports showing that the recession may be near an end," said Gary Thayer, senior economist at Wells Fargo Advisors in St. Louis.
A separate report from the Federal Reserve showed industrial output fell by a smaller-than-expected 0.4 percent in June, reinforcing hopes that the pace of recession had slowed in the second quarter.
Economists polled by Reuters had expected a 0.6 percent decline in industrial production.
For the second quarter as a whole, output fell at an annual rate of 11.6 percent, a more moderate contraction than in the first quarter when production fell at a 19.1 percent rate.




DOW currently up 188 points

Will we see the September sell off this year?
Bulls still in charge.

If everybody knew it then prices wouldn't be this high to begin with.