Traders suggested they liked those PPI numbers off the top, and the same may be true today, but as you know the mid-afternoon (after London closes, ie, when American traders have the carnival grounds to themselves) is the most important time of the day.

For a half hour into the close yesterday, traders turfed their stocks. The Dow 30 index dropped about -240 points in a heart-beat. The closing results show all the major US indexes down: DJIA (-83.2), S&P 500 (-10.7), and Nasdaq Composite (-29.3)

Consumer Discretionary (XLY -1.75 pct) was weakest, following the soft Retail Sales report.

On the earnings front, Macy's (M) swung to a 3Q profit of +$33 million vs a year-earlier net loss of $3 million. HSBC Holdings (HBC) took a -$3.4 billion 3Q write-down due to dubious values of SIV holdings.

On the deal front, McCormick & Co. (MKC) will acquire assets of Lawry's from Unilever (UL UN) for $605 million cash.

Wachovia downgraded Exelon (EXC) The US mortgage market is still roiled. Countrywide (CFC) dropped -2.55 pct yesterday to 13.37. Fannie (-2.80 pct) and Freddie (-0.83 pct) were also down.

There is a pull-back occurring in the oil market with the December e-miNY’s priced at 93.925. The StockCharts data for $WTIC (EOD continuous contracts) show a close of 90.35, down -5.97 (-6.20 pct), although I’m not so sure that’s accurate.

$GOLD futures jumped to a closing price of 811.73, up from 802.52. The hi-low was 815.82-800.84.

Spot gold this morning (8:00am ET) is at 802.53, down about -6 from yesterday at this time, and down from the midnight opening of 815.55.

Goldminer shares dropped a lot yesterday, falling -8.26 (-4.42 pct) to 178.47 for the Philly goldminer index ($XAU). That is quite a drop from the 195.50 cycle high just five days earlier.

The $USD index is trading now at 75.883, which has gained strength from yesterday noon. Yesterday, the close was 75.83.

The US Treasury market was quiet as traders are waiting for this morning’s CPI result for October.

The European bourses are down over -1.0 pct this morning, as were most of the exchange indexes in the Asia-Pacific markets. There is a nervous tone.

All quiet on the Western Front.

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Comments & Outlook

Yesterday, the US Bureau of Labor statistics reported that domestic producers, without food and energy factored in, ie, the core rate, received zero increase in prices in October for (i) finished goods, (ii) intermediate supplies, materials and components, and (iii) crude materials that need further processing. And, BLS says, the overall rate of increase was a piddling +0.1 pct, whereas the Wall St. consensus of economic experts (LOL) was a lofty +0.4 pct M/M. Interesting scenario: one liar to another.

What is happening to America? First the Liar Loans, and now the Liar Economy. The BLS ought to drop the “L” and just be known as b.s.

BLS says their methodology and sources are a secret, never to be compromised. I say it’s voodoo economics at best.

For a while yesterday, the stock and bond markets lied as well. Prices lifted. But, if you want to see how the Dow 30 can drop -1,000 points in a day just look at that 30 minutes of trading leading up to the close. No voodoo there; just stock bids disappearing.

Today is the US Consumer Price Inflation. The reported numbers (today’s CPI data) are also indicating that inflation is absent in the US, so you can expect more from the Liar Economy spin today. The Bulls will say that Prof. Bernanke is now free to drop rates once again.

We know that, of course, so we have to watch how the story is received by traders.

Regardless, it appears to me that the $USD is ready to rally back through the 76 level soon, and then through 77 next week. The Canadian Loonie, British Pound and Japanese Yen have been falling for five, four and three trading days respectively. The Euro at 146.69 at the close yesterday has only been held up close to its all-time record high of 147.19 because of the widespread enthusiasm for Gold, which is about to abate, significantly. So watch for the Euro to drop like the other non $USD currencies here, as the $USD. Since the Euro comprises almost half the $USD weighting, watch the $USD sling-shot higher.

What impact that has on stock prices is yet to be determined; however, I’m prepared to say that the Bulls will scream they are the recipients of the sword. They will soon be demanding a Fed rate of 4.25 pct to ease their pain.

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Links & Charts

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International Economics Review

US Economic Calendar

US PPI Report

US Retail Sales Report

The US economy hinges on the consumer. Spending by “John & Jane Public” amounts to two-thirds of the GDP. When they stop spending, it means trouble. Yesterday the data was soft and soon afterwards the talk of recession started up again.

Today is CPI Day in America.

US CPI Report to come at 8:30am ET and be reported here by Econoday an hour or two later.

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Cara 100 Daily RSI-7 Charts

RSI > 70 (4)

RSI < 30 (6)

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International Equity Markets Review

Europe

Here is the latest session data for the bourses of Europe.

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Here is the latest session data for the London stock exchange FTSE.

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Here is the latest session data for the German DAX.

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Here is the latest session data for the French CAC 40.

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Here is the latest session data for the Milan Italy stock exchange MIBTEL.

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Here is the latest session data for the Swiss market index.

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Asia-Pacific

Here is the latest session data for the Asia-Pacific stock exchanges.

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Here is the latest chart for the Japanese Nikkei 225 index.

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Here is the latest chart for the Singapore index .

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Here is the latest chart for the Shanghai Composite index .

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Here is the latest chart for the Hong Kong Hang Seng index .

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Here is the latest chart for the India BSE 30 index .

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Here is the latest chart for the Australian All Ordinaries index .

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US Equity Markets Review

DJIA (interactive) chart

NASDAQ Composite (interactive) chart

Table: Dow 30 List

Sorted by 1-Week Price Performance

Symbol	Close	1Day Change	1Day %Change	1W %Change	2W %Change	4W %Change	YTD %Change	3M %Change	6M %Change	12M %Change
C	36.35	0.45	1.25%	8.80%	-13.25%	-18.61%	-34.21%	-20.39%	-31.23%	-28.37%
JPM	45.15	0.10	0.22%	6.89%	-3.94%	-2.63%	-6.07%	4.27%	-12.89%	-5.45%
AXP	59.10	-0.06	-0.10%	6.74%	-3.04%	-1.63%	-2.09%	3.14%	-5.32%	-0.40%
WMT	46.51	0.54	1.17%	5.87%	2.88%	1.13%	-2.19%	6.14%	-2.78%	-2.41%
MRK	57.30	-0.19	-0.33%	5.72%	-1.65%	7.26%	30.17%	14.76%	10.02%	30.55%
JNJ	66.89	-0.42	-0.62%	4.66%	2.64%	3.15%	0.74%	9.42%	6.84%	0.50%
PG	71.54	-0.03	-0.04%	3.05%	2.91%	1.35%	10.85%	12.27%	15.91%	13.20%
AIG	59.43	0.25	0.42%	2.64%	-5.85%	-9.68%	-17.63%	-6.31%	-17.99%	-16.58%
KO	61.36	0.32	0.52%	2.33%	-0.65%	3.84%	26.31%	13.34%	16.65%	31.82%
T	39.34	-0.51	-1.28%	1.76%	-5.86%	-6.18%	12.56%	2.82%	-1.72%	19.36%
PFE	23.61	0.06	0.25%	1.24%	-4.06%	-3.83%	-10.19%	0.13%	-13.29%	-10.06%
VZ	43.52	-0.06	-0.14%	0.97%	-5.54%	-3.84%	15.07%	6.25%	4.62%	19.59%
UTX	74.92	-0.41	-0.54%	0.62%	-2.18%	-2.45%	19.28%	2.94%	9.77%	14.19%
MO	72.22	-0.63	-0.86%	0.33%	-0.97%	1.75%	11.24%	8.08%	4.93%	18.61%
GE	39.01	-0.20	-0.51%	-0.18%	-5.22%	-4.85%	2.74%	3.53%	6.58%	9.61%
HON	58.52	0.38	0.65%	-0.88%	-3.13%	-3.59%	29.76%	3.81%	-0.31%	36.22%
XOM	86.31	-0.57	-0.66%	-1.02%	-6.17%	-8.96%	16.46%	3.83%	6.23%	15.93%
HD	29.03	-0.09	-0.31%	-1.06%	-7.87%	-8.65%	-29.32%	-13.39%	-25.58%	-23.52%
AA	36.86	0.23	0.63%	-1.44%	-6.90%	-2.92%	25.67%	5.74%	-3.89%	29.74%
DD	45.91	-0.19	-0.41%	-2.63%	-7.27%	-4.97%	-6.38%	-2.65%	-9.02%	-2.69%
MCD	56.70	-0.40	-0.70%	-2.88%	-5.10%	-0.46%	29.25%	18.13%	11.99%	37.39%
MMM	80.21	-1.02	-1.26%	-3.67%	-7.12%	-14.91%	2.49%	-6.47%	-5.45%	0.15%
INTC	25.85	-0.29	-1.11%	-3.90%	-3.90%	-3.26%	27.03%	8.61%	16.86%	18.14%
BA	92.79	-0.91	-0.97%	-4.23%	-5.88%	-2.93%	4.06%	-4.96%	-0.82%	8.22%
MSFT	33.93	-0.53	-1.54%	-4.48%	-7.82%	9.17%	13.63%	20.02%	9.56%	16.12%
CAT	70.03	-1.04	-1.46%	-4.85%	-6.14%	-9.21%	14.50%	-8.78%	-8.22%	16.02%
DIS	31.86	-1.15	-3.48%	-4.90%	-8.00%	-9.95%	-6.84%	-1.55%	-11.45%	-2.06%
HPQ	49.07	-0.43	-0.87%	-5.34%	-5.05%	-6.60%	17.90%	3.79%	9.00%	20.65%
IBM	103.44	-1.83	-1.74%	-6.88%	-10.92%	-10.66%	6.34%	-7.68%	-2.02%	10.88%
GM	31.20	-0.42	-1.33%	-8.10%	-20.39%	-19.34%	5.94%	-6.36%	1.89%	-12.14%

You can do this table yourself by entering the following string into the Summaries window at www.billcara2.com and then clicking on the link for Performance.

AA AIG AXP BA C CAT DD DIS GE GM HD HON HPQ IBM INTC JNJ JPM KO MCD MMM MO MRK MSFT PFE PG T UTX VZ WMT XOM

Here are the links to interactive Dow charts from Billcara2.com that I broke into groups of ten, which you can add technical indicators for as well. (list one) (list two) (list three)

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The Americas

Here is the latest session data for the exchanges of the Americas.

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Here is the latest chart for the Brazilian Bovespa stock exchange in Sao Paulo.

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Here is the latest session data for the Toronto Stock Exchange composite index.

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Sector ETF Summary for the US equity market

The tables I show in this section 2007_11_14 are for ten (GICS) Sector Index Funds (ETF’s) only, but they cover the full spectrum of the US equity market.

Table 1: Cara ETF List is sorted by price performance Week over Week (W/W), i.e. 1W%N.

Sorted by 1-Week Price Performance

Symbol	Close	1Day Change	1Day %Change	1W %Change	2W %Change	4W %Change	YTD %Change	3M %Change	6M %Change	12M %Change
XLF	31.74	0.14	0.44%	5.59%	-5.70%	-6.78%	-14.03%	-2.34%	-15.52%	-11.76%
XLP	28.46	0.03	0.11%	1.82%	0.42%	1.43%	8.30%	7.19%	5.02%	11.43%
IYH	70.83	0.02	0.03%	1.66%	-1.64%	-0.62%	6.58%	5.45%	-1.02%	8.74%
XLU	41.57	0.02	0.05%	0.29%	-2.07%	1.89%	12.90%	8.40%	-1.89%	15.50%
XLI	39.35	-0.16	-0.40%	-0.88%	-2.96%	-3.86%	11.69%	2.88%	3.50%	12.82%
XLY	34.26	-0.61	-1.75%	-1.55%	-6.75%	-7.61%	-11.06%	-3.85%	-12.82%	-9.34%
IYZ	29.64	0.12	0.41%	-1.66%	-8.29%	-10.83%	-0.07%	-6.65%	-9.96%	4.37%
XLB	41.14	0.32	0.78%	-2.05%	-6.01%	-2.65%	18.87%	8.41%	3.47%	20.93%
XLE	73.00	-0.20	-0.27%	-2.08%	-4.64%	-5.87%	29.02%	8.49%	11.91%	26.54%
SMH	32.91	-0.29	-0.87%	-2.20%	-4.94%	-10.57%	-1.97%	-11.01%	-13.53%	-6.69%

You can do this table yourself by entering the following string into the Summary window at Billcara2.com and then clicking on the link for Performance. XLE XLB XLI XLY XLP IYH XLF SMH IYZ XLU . You can also add more ETF’s – up to 30 in total.

For a list of components to any ETF, go to the AMEX.com web site, and click on ETF’s.

10 (energy: XLE)

15 (basic materials: XLB)

20 (industrial: XLI)

25 (consumer discretionary: XLY)

30 (consumer staples: XLP)

35 (healthcare: IYH)

40 (financial: XLF)

45 (technology, semiconductor: SMH)

50 (telecom: IYZ)

55 (utilities: XLU)

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International Equity Market USD-denominated ETF Review

Table 13: International equities via the USD-denominated ETF perspective

Sorted by 1-Week Price Performance

Symbol	Close	1Day Change	1Day %Change	1W %Change	2W %Change	4W %Change	YTD %Change	3M %Change	6M %Change	12M %Change
IFN	59.35	0.90	1.54%	2.47%	-8.34%	6.88%	30.90%	33.37%	45.11%	18.46%
EWZ	83.85	1.21	1.46%	2.42%	-1.95%	6.67%	79.55%	47.94%	51.87%	91.74%
SPY	147.67	-0.41	-0.28%	-0.16%	-4.51%	-4.28%	4.46%	3.21%	-1.90%	5.77%
EWU	25.60	-0.32	-1.23%	-0.51%	-6.19%	-3.51%	8.70%	7.79%	1.95%	10.58%
IEV	120.00	-0.42	-0.35%	-0.52%	-3.69%	-1.29%	13.64%	9.99%	3.94%	16.81%
FXI	187.68	5.57	3.06%	-0.59%	-14.19%	-14.10%	61.24%	46.80%	63.94%	104.56%
EWJ	13.68	0.04	0.29%	-0.87%	-4.67%	-3.05%	-3.66%	-1.58%	-5.66%	-0.07%
TRF	69.28	-0.72	-1.03%	-1.32%	-7.49%	-2.15%	-21.76%	10.30%	2.64%	-4.12%
QQQQ	50.09	-0.65	-1.28%	-6.11%	-8.98%	-6.46%	15.84%	7.05%	7.81%	14.02%
EWC	33.26	-0.20	-0.60%	-6.44%	-7.82%	-1.60%	34.66%	16.50%	15.77%	32.99%

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Japanese equity market ETF: EWJ

Here is the Japanese (EWJ) equity market ETF Daily data charts:

Interactive EWJ Daily data:

Interactive EWJ Weekly data:

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U.K. equity market ETF

Here is the United Kingdom (EWU) equity market ETF Daily data charts:

Interactive EWU Daily data:

EWU Daily data:

Interactive EWU Weekly data:

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Canada’s equity market

Here is the Canadian (EWC) equity market ETF Daily data charts:

Interactive EWC Daily data:

Interactive EWC Weekly data:

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Bonds & Yields Review

Table 10: US Treasury Yields

US Treasury Bonds

Maturity	Yield	Yesterday	Last Week	Last Month
3 Month	3.27	3.34	3.29	4.13
6 Month	3.52	3.58	3.58	4.19
2 Year	3.50	3.54	3.55	4.21
3 Year	3.45	3.48	3.52	4.22
5 Year	3.82	3.84	3.88	4.40
10 Year	4.25	4.27	4.31	4.68
30 Year	4.60	4.61	4.65	4.91

Municipal Bonds

Maturity	Yield	Yesterday	Last Week	Last Month
2yr AA	3.31	3.31	3.32	3.44
2yr AAA	3.31	3.31	3.30	3.44
2yr A	3.43	3.43	3.32	3.45
5yr AAA	3.44	3.43	3.42	3.55
5yr AA	3.41	3.41	3.43	3.54
5yr A	3.54	3.54	3.53	3.76
10yr AAA	3.86	3.86	3.85	3.85
10yr AA	3.90	3.90	3.76	3.80
10yr A	4.09	4.09	4.08	3.98
20yr AAA	4.46	4.42	4.45	4.45
20yr AA	4.65	4.61	4.65	4.65
20yr A	4.99	5.06	4.46	4.46

Corporate Bonds

Maturity	Yield	Yesterday	Last Week	Last Month
2yr AA	4.47	4.48	4.53	4.87
2yr A	4.69	4.75	4.72	4.99
5yr AAA	4.67	4.67	4.77	4.99
5yr AA	5.09	5.13	5.11	5.27
5yr A	4.95	4.97	5.04	5.32
10yr AAA	5.18	5.34	5.34	5.43
10yr AA	5.76	5.76	5.80	5.69
10yr A	5.74	5.92	5.92	5.79
20yr AAA	5.62	5.63	5.10	5.89
20yr AA	5.87	5.92	6.07	6.08
20yr A	6.08	6.09	6.13	6.23

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Here is the $USB 30-year Treasury Bond chart.

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US Bond Funds -- Interactive Daily Data Charts

SHY Daily data series chart:

IEF Daily data series chart:

TLT Daily data series chart:

AGG Daily data series chart:

LQD Daily data series chart:

TIP Daily data series chart:

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Table 11: Interest-sensitive securities

Sorted by 1-Week Price Performance.

Symbol	Close	1Day Change	1Day %Change	1W %Change	2W %Change	4W %Change	YTD %Change	3M %Change	6M %Change	12M %Change
TLT	91.42	0.10	0.11%	0.77%	1.60%	3.14%	2.64%	5.57%	3.93%	1.36%
IEF	85.62	0.06	0.07%	0.55%	1.36%	2.07%	3.56%	3.77%	3.53%	2.87%
TIP	104.69	0.01	0.01%	0.55%	1.83%	2.84%	5.50%	4.75%	4.34%	4.22%
AGG	100.63	-0.04	-0.04%	0.31%	0.02%	0.65%	0.72%	2.06%	0.70%	0.29%
SHY	81.72	0.04	0.05%	0.17%	0.45%	0.75%	2.10%	1.40%	2.06%	1.98%
CFC	13.37	-0.35	-2.55%	-1.91%	-13.85%	-22.94%	-68.25%	-45.34%	-66.47%	-66.68%
FRE	44.19	-0.37	-0.83%	-2.08%	-15.39%	-21.40%	-34.91%	-25.62%	-33.11%	-35.76%
FNM	47.82	-1.38	-2.80%	-3.96%	-16.16%	-23.11%	-20.11%	-23.95%	-23.11%	-19.22%

Consumer Finance -USA -- Interactive Daily Data Charts

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Commodities Review

$CRB Index

Open Futures Contracts

Interactive Chart of Daily CRB Commodities Index:

Interactive Chart of Weekly CRB Commodities Index:

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Oil Review

Here is the e-miNY Dec-07 Crude Oil chart.

Interactive Chart of Daily Crude Oil:

Interactive Chart of Weekly Crude Oil:

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Gold & Precious Metals Review

Spot gold chart for the week

Interactive Chart of Daily Gold EOD Continuous Contract Index:

Interactive Chart of Weekly Gold EOD Continuous Contract Index:

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Spot silver chart for the week

Interactive daily data

Interactive Chart of Daily Silver EOD Continuous Contract Index:

Interactive chart of the Silver Bullion index.

Interactive Chart of Weekly Silver EOD Continuous Contract Index:

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Spot platinum chart for the past three days

Interactive Chart of Daily Platinum EOD Continuous Contract Index:

Interactive Chart of Weekly Platinum EOD Continuous Contract Index:

Interactive chart of the Platinum metal index.

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Spot palladium chart for the week

Interactive Chart of Daily Palladium EOD Continuous Contract Index:

Interactive Chart of Weekly Palladium EOD Continuous Contract Index:

Interactive chart of the Palladium metal index.

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Interactive Chart of Weekly Copper EOD Continuous Contract Index:

Interactive Chart of Daily Copper EOD Continuous Contract Index:

Interactive chart of the Copper metal index.

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Table 12: Senior gold equities

Sorted by 1-Week Price Performance

Symbol	Close	1Day Change	1Day %Change	1W %Change	2W %Change	4W %Change	YTD %Change	3M %Change	6M %Change	12M %Change
GFI	18.38	0.24	1.32%	1.55%	1.72%	2.80%	0.27%	25.98%	8.24%	4.49%
NEM	51.20	0.28	0.55%	-5.55%	0.59%	12.95%	15.84%	26.42%	26.42%	14.21%
BVN	57.27	0.74	1.31%	-5.96%	-0.24%	11.42%	107.42%	51.11%	72.14%	110.01%
ABX	42.62	0.24	0.57%	-7.83%	-3.42%	4.69%	42.88%	30.06%	43.45%	46.01%
MDG	37.18	0.96	2.65%	-7.86%	-9.23%	-1.77%	41.42%	41.10%	47.95%	34.13%
GG	33.25	-0.17	-0.51%	-8.30%	-5.35%	4.69%	21.62%	37.23%	41.07%	19.65%
AUY	13.42	0.17	1.28%	-8.40%	-10.65%	-2.12%	8.84%	29.41%	-1.90%	20.14%
AEM	51.22	1.05	2.09%	-9.15%	-9.97%	-4.81%	31.60%	20.29%	46.18%	34.15%
KGC	17.80	0.05	0.28%	-11.04%	-9.55%	9.67%	55.87%	46.38%	34.24%	48.21%

To watch the moves in precious metal miners, you will have to monitor the individual stock charts, preferably in real-time, as follows:

NEM ABX AU GFI GG HMY AUY KGC BVN
Interactive Daily data
Interactive Weekly data

MDG LIHRY AEM BGO IAG EGO RGLD GOLD CDE GRS
Interactive Daily data
Interactive Weekly data

CBJ SSRI SIL NG KRY UXG GRZ TSE_HRG TSE_GUY TSE_AGI
Interactive Daily data
Interactive Weekly data

NXG GSS MNG DROOY MFN RNO RANGY MRB CLG
Interactive Daily data
Interactive Weekly data

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Here are the key Silver miners and the SLV ETF:

SLV SIL CDE HL PAAS SSRI SLW MGN

Interactive Daily data
Interactive Weekly data

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Here are the Weekly and Daily Data charts of the indexes:

Interactive Chart of Daily U.S. Goldminers Index:

Weekly U.S. Goldminers Index:

Interactive Chart of Weekly U.S. Goldminers Index:

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The U.S. goldminer share trust ETF trades under the ticker symbol GDX.

Here are the U.S. Goldminer ETF (GDX) index Weekly and Daily data charts:

GDX Daily data:

GDX Weekly data:

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The Toronto Exchange-listed goldminer iUnits S&P/TSX Capped Gold Index ETF trades under the ticker symbol TSE:XGD. Yes, just like GDX on the AMEX, you can trade XGD on Toronto.

Here are the Weekly and Daily data charts for the TSX Goldshares (XGD) index:

Interactive Chart of XGD Daily data:

Interactive Chart of XGD Weekly data:

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Forex Review

Here is the chart of the week’s trading in the $USD.

Interactive Chart of Daily U.S. Dollar Index:

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Interactive Chart of Daily Euro Dollar Index, priced in USD:

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Daily British Pound Index:

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Daily Japanese Yen Index:

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Daily Canadian Dollar Index:

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Wrap up:

I now have Charles, Chris, David and Doug who have come from the community to co-ordinate further changes in the website/blog presentation. Feel free to use the Discourse in the Community Chat blog to list the improvements you would like to see, and the techie team will be all over it.

As I feel that natural evolution is the best approach, I’m leaving things in your hands. By March, we should have a good sense of where things stand. At that point, I plan to invest some serious money into the Cara Starship Enterprise.

My favorite story from business school 40 years ago was how the builder of a new campus, built the buildings and left the landscaping untouched. After the residents tramped down walking paths and meeting places, the builder returned to finish the job.

Life works out best when the consumer speaks and people listen. Today, regretfully, the US Administration is continuing to tell the consumer a different story (about inflation) than they want to hear.

If US politicians and bureaucrats would just be grounded to the realities facing the People, it would be a better life for all.

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