Market updates 08/24/07

[Biggs]

Just prior to US open (9.25 EST)

Hang Seng closed down 45

Nikkei closed down 67

FTSE 100 up 8 points (2.30pm local)

Dax down 18

US durable goods numbers showed a surprisingly positive 5.9% increase, however, these numbers are for July and predate the credit worries of August.

Important housing numbers due out 10am EST

Futures show a flat open on the Dow with Nasdaq 0.3% down

[Biggs]

NEW HOME SALES - up 2.3% in July, but this still represents a 20.9% year over year decline

DJIA moved upwards after news, currently at up 25

[Kregener]

And WHO supplies the numbers?

If the Dow was down 519%, would you know if they said it was up 3%?

[Biggs]

I am well aware the numbers are manipulated, most especially the inflation numbers (hedonic pricing etc) and the jobs numbers, which are all utter trash. And the markets are manipulated big time, without manipulation I would expect very large falls in the indexes. Indeed eventually the market forces will over power the manipulation, it is just a matter of time. But to be fair they have a lot of secret funds and have been keeping the market alive for at least 6 months heavily every day, and in reality much longer using funds whenever a crash looks to develop.

[Biggs]

UPDATE 12.45 PM EST

DJIA up 68
S&P up 7
NASDAQ up 15

FTSE 100 up 23
Dax down 5

[Biggs]

UPDATE 2.50PM EST

DJIA up 91
S&P up 10
NASDAQ up 27

so looks like a strong finish to the week, to be fair it is holiday season, expect worse come September.

[Biggs]

closing bell

DJIA up 142

NASDAQ up 35

S&P up 17

a strong finish to the week, but do not pile back into the market just yet, or you will get burned.

[Kepler]

Look I will vote for Ron Paul and I am a Democrat. There are good people on both sides. Not many but there are some.

Larouche is worth a look. He is an economist who has been predicting the bubble crash for a long time. And he wants to stop the fed and knows about 911 and all that.

Please give him a read. Go Paul. Go Larouche.

http://www.larouchepac.com/

[Biggs]

thank you for the link