Walmart and China

This is one of three ships that Walmart uses to transports it goods from China. They are going to be ordering two additional vessels to make a fleet of five. Each ship can transport 15,000 containers, yes containers. Just imagine how much goods are on these ships. A container (40ft) is what is attached to the 18 wheelers on the highway so this ship can take 15,000 of these at once.
To say the least Walmart is the biggest importer of Chinese goods into the United States but is no different from any other consumer orientated retailer in the US. Over the weekend I actually visited many stores in an attempt to complete some research. I visited over 10 stores and just one didn't have over 90% of goods marked made in China.
I was actually amazed as even simple items that I am sure could be made in any country especially the US, was marked made in China. The question in my mind now is are companies in retail just solely looking to China for their supplies?, if so China may have a greater influence on the US economy that just a major owner of US Treasuries. This will lead only to two possibilities and both I am afraid are bad in my eyes.
I guess we will see soon enough.

Don't believe china is the next superpower?

http://news.yahoo.com/s/afp/20101028/tc_afp/chinatechnologyitworld

Fastest train, fastest computer, biggest highway. US is loosing it competitive edge in every barometer to China. Well they are all the US dollars there to do anything

Next resistance

Next resistance on the S&P IS THE 200ema, which is 1195.5.

Should be the magnet point.
Boring market not much to talk about we are just drifting here day to day

Shiller on Housing

Nothing interesting

The market still moving around that 78.6 retracement. Only two outcomes either we are carving out a top here or we are basing to attack the 100% retracement.

Volume is still a huge issue

Update

Though the Nasdaq is powering higher on GOOG move the general market is still not proving much on the updates chart posted. We still need to get through that Fibonacci number with some volume to see higher prices. Volume was been low for this rally.

Bingo! now Failure???

So bingo on the chart posted about the resistance. Now that we have hit it do we fail especially with all this foreclosure news with banks and the lower value of the Dollar (15 yr low against the Yen). The debt, the corrupt financial system the dollar just can't get any legs to stand on.

Much weakness to come in my opinion, we will see.

My sentiments also. Been saying this since 2008

The financial crisis has left behind a "slow disease" that is eating into financial markets, and this is obvious in stock prices and currencies, but less so in bonds for the moment, Mohamed El-Erian, CEO and co-chief investment officer of Pimco, told CNBC Tuesday.

"The standing of our financial markets is getting eroded every day, volume gets thinner. It's like a slow disease," El-Erian said.

The same thing is obvious in currency markets and in commodities, while "the bond market is pricing in the impact of someone with a printing press being a buyer," he added.

Minutes of the latest Federal Open Market Committee meeting will be released later Tuesday and investors will get a chance to see how close the Federal Reserve is to launching a second round of asset-buying, or quantitative easing.

The minutes will show if the Fed has revised its growth projections lower for the US economy, and by how much, and the minutes will also indicate where the central bank is on its path to more money printing, according to El-Erian.

"I suspect that, on the whole, the FOMC is ready is move on with (more quantitative easing) in November," he said.

But investors should look for the details of quantitative easing as well, such as whether the Fed will extend the class of assets it buys or whether it will proceed in small steps, El-Erian said.

Last week, St. Louis Fed president James Bullard told CNBC that the next FOMC meeting on whether to launch the second round of quantitative easing will be a "tough call."

"I think it's a reflection that people know that QE2 will not be fully effective," El-Erian said, adding that "in a perfect world the Fed wouldn't be doing all the heavy lifting by itself."

The International Monetary Fund meeting at the weekend, which ended without any clear resolution regarding the race to devalue currencies across the world, shows that there is no will to solve the problem, he said.

"What this weekend told us is that the only response is to kick the can down the road," El-Erian said.

"I worry more about the global standing of the dollar ... you can't beat up a reserve currency forever," he added.

A dollar demise could lead to a fragmentation of asset allocation by world investors and "a more fragmented system works less well globally," El-Erian said.

SPY-Feel like a top here soon

$1349

Gold just barely touched the target $1350. I will take it as a hit though

Interesting video

Gold

Will be shorting Gold in a few just watching the chart carefully

BAC

Today's news BAC announced they will no longer we offering loans through third party brokers. I think this is another sign that housing will be stuck in the mud for awhile. More foreclosures, more layoffs, nothing in the near future to help housing not even a $15000 tax break would do much.

Gold

Next stop looks like $1350

Really NOW!

All on tv is talk about best September in years. Lets look at this! the DOW started the year @ 10583 and now we are @10820 have we really gone anywhere??????????? That's just 2% higher. Really the media needs to stop feeding the regular guy CRAP. I am here to tell you GS is buying up the world in short positions through the SPY as they are telling their biggest clients that they are forecasting the S&P to end 2011 around 725!!!!!!