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	<title>The Wall Street Examiner</title>
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	<link>http://wallstreetexaminer.com</link>
	<description>Be prepared. Stay ahead of the herd.</description>
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		<title>Blue sky,unicorns and rainbows</title>
		<link>http://www.capitalstool.com/forums/index.php?showtopic=11452</link>
		<comments>http://www.capitalstool.com/forums/index.php?showtopic=11452#comments</comments>
		<pubDate>Fri, 03 Feb 2012 21:00:17 +0000</pubDate>
		<dc:creator>The Daily Stool</dc:creator>
				<category><![CDATA[Best of Capitalstool.com]]></category>
		<category><![CDATA[Day Trading]]></category>
		<category><![CDATA[Technical Analysis]]></category>
		<category><![CDATA[Today's Markets]]></category>
		<category><![CDATA[Trading and Technical Analysis]]></category>
		<category><![CDATA[Blue Sky]]></category>
		<category><![CDATA[Rainbows]]></category>
		<category><![CDATA[Unicorns]]></category>

		<guid isPermaLink="false">http://www.capitalstool.com/forums/index.php?showtopic=11452</guid>
		<description><![CDATA[Relentless meltup forever]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Deconstructing The &#8220;Massive Beat&#8221; in Employment Data- Corrected</title>
		<link>http://wallstreetexaminer.com/2012/02/03/deconstructing-the-massive-beat-in-employment-data/</link>
		<comments>http://wallstreetexaminer.com/2012/02/03/deconstructing-the-massive-beat-in-employment-data/#comments</comments>
		<pubDate>Fri, 03 Feb 2012 18:48:27 +0000</pubDate>
		<dc:creator>Lee Adler</dc:creator>
				<category><![CDATA[Economic and Financial]]></category>
		<category><![CDATA[Email Bulletins Archive]]></category>
		<category><![CDATA[Top Stories]]></category>
		<category><![CDATA[Conclusions]]></category>
		<category><![CDATA[Employment Data]]></category>
		<category><![CDATA[Employment Numbers]]></category>
		<category><![CDATA[Federal Withholding Tax]]></category>
		<category><![CDATA[Fudge]]></category>
		<category><![CDATA[Full Time]]></category>
		<category><![CDATA[Head Scratcher]]></category>
		<category><![CDATA[Headlines]]></category>
		<category><![CDATA[Massive Surge]]></category>
		<category><![CDATA[Mystery]]></category>
		<category><![CDATA[Real Time]]></category>
		<category><![CDATA[Red Line]]></category>
		<category><![CDATA[Seasonal Adjustment]]></category>
		<category><![CDATA[Spreadsheet]]></category>
		<category><![CDATA[Strange]]></category>
		<category><![CDATA[Survey Data]]></category>
		<category><![CDATA[Survey Numbers]]></category>
		<category><![CDATA[T News]]></category>
		<category><![CDATA[T Square]]></category>
		<category><![CDATA[Tax Collections]]></category>
		<category><![CDATA[Time Employment]]></category>
		<category><![CDATA[Treasury]]></category>
		<category><![CDATA[Withholding Taxes]]></category>

		<guid isPermaLink="false">http://wallstreetexaminer.com/?p=71925</guid>
		<description><![CDATA[Editor&#8217;s Note: The earlier version of this article included unadjusted numbers derived from a spreadsheet error. The error resulted in the not seasonally adjusted month to month employment declines being understated. The data has been corrected. The analysis and conclusions are unaffected. Thanks to rdkyote for bringing this to my attention! The headlines are blaring of a massive surge in January employment that blew away analysts expectations. Frankly, I find it hard to believe that any analysts would not have expected this &#8220;news.&#8221; The real time Federal Withholding Tax daily data for January, which I dutifully cover each week in the Treasury updates, showed a massive surge beginning in late December. Since everybody didn&#8217;t get a 10% raise, the analysts might have inferred that more people were working. Whether that&#8217;s a sustainable trend or not is another question, but for January at least, there should have been no mystery. I like to look behind the headlines at the real unadjusted, unmassaged, unmanipulated numbers to get some idea of what&#8217;s really going on. Here&#8217;s where things get strange. Total reported employment and full time employment plunged in January, as is normal for that month. So the Gummit survey data doesn&#8217;t square [...]]]></description>
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		<slash:comments>6</slash:comments>
		</item>
		<item>
		<title>Bernanke An Arsonist Lecturing On Fire Prevention</title>
		<link>http://wallstreetexaminer.com/2012/02/03/bernanke-an-arsonist-lecturing-on-fire-prevention/</link>
		<comments>http://wallstreetexaminer.com/2012/02/03/bernanke-an-arsonist-lecturing-on-fire-prevention/#comments</comments>
		<pubDate>Fri, 03 Feb 2012 16:00:42 +0000</pubDate>
		<dc:creator>Lee Adler</dc:creator>
				<category><![CDATA[Economic and Financial]]></category>
		<category><![CDATA[Arsonist]]></category>
		<category><![CDATA[Choice Words]]></category>
		<category><![CDATA[Congress]]></category>
		<category><![CDATA[David Stockman]]></category>
		<category><![CDATA[Fire Prevention]]></category>
		<category><![CDATA[Yahoo]]></category>

		<guid isPermaLink="false">http://wallstreetexaminer.com/?p=71911</guid>
		<description><![CDATA[David Stockman was interviewed on Yahoo&#8217;s Daily Ticker this morning, and as usual, he had some choice words for Congress and Bernanke.]]></description>
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		</item>
		<item>
		<title>Quelle Surprise! Not.</title>
		<link>http://wallstreetexaminer.com/2012/02/03/quelle-surprise-not/</link>
		<comments>http://wallstreetexaminer.com/2012/02/03/quelle-surprise-not/#comments</comments>
		<pubDate>Fri, 03 Feb 2012 14:43:44 +0000</pubDate>
		<dc:creator>Lee Adler</dc:creator>
				<category><![CDATA[Day Trading]]></category>
		<category><![CDATA[Today's Markets]]></category>
		<category><![CDATA[Top Stories]]></category>
		<category><![CDATA[Trading and Technical Analysis]]></category>
		<category><![CDATA[Amp]]></category>
		<category><![CDATA[Bump]]></category>
		<category><![CDATA[Convergence]]></category>
		<category><![CDATA[Cycle Indicators]]></category>
		<category><![CDATA[Federal Withholding Taxes]]></category>
		<category><![CDATA[Massive Surge]]></category>
		<category><![CDATA[Oscillator]]></category>
		<category><![CDATA[Professional Edition]]></category>
		<category><![CDATA[Quelle]]></category>
		<category><![CDATA[Rally]]></category>
		<category><![CDATA[Random Noise]]></category>
		<category><![CDATA[Resistance]]></category>
		<category><![CDATA[Significant Impact]]></category>
		<category><![CDATA[Sp Futures]]></category>
		<category><![CDATA[Spx]]></category>
		<category><![CDATA[Target]]></category>
		<category><![CDATA[Time Stamp]]></category>
		<category><![CDATA[Treasury]]></category>
		<category><![CDATA[Vaults]]></category>
		<category><![CDATA[Wall Street]]></category>

		<guid isPermaLink="false">http://wallstreetexaminer.com/?p=71898</guid>
		<description><![CDATA[And they&#8217;re off! Anyone following the Wall Street Examiner Professional Edition Treasury updates showing the massive surge in Federal withholding taxes in January would not have been surprised by today&#8217;s jobs report, but most other traders apparently were, as the SPX vaults a dozen points on opening, following a similar surge in the futures at 8:30 when the jobs data was released. As a result of this move the 2 day cycle projection is now around 1345. The 5 day cycle projection is 1351, but first things first, let&#8217;s see if they hit the 2 day cycle target. Channel resistance shows up right here at 1338, and then 1341. They would become support if cleared. On the slight chance that the rally stalls here and gives the finger, the first support would be at the 5 day cycle center line now at 1331. Here&#8217;s the cash SPX chart (time stamp in lower right corner). The SP futures (or ES electronic mini S&#38;P) broke out at 8:30 AM NY time after trading in a narrow range since yesterday after the NY close. Europe gave it a slight bump, but that then fizzled until the payrolls data release. 2 and 5 day [...]]]></description>
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		</item>
		<item>
		<title>Precious Metals Update 2/3/12</title>
		<link>http://wallstreetexaminer.com/2012/02/03/precious-metals-update-2312/</link>
		<comments>http://wallstreetexaminer.com/2012/02/03/precious-metals-update-2312/#comments</comments>
		<pubDate>Fri, 03 Feb 2012 14:20:39 +0000</pubDate>
		<dc:creator>Lee Adler</dc:creator>
				<category><![CDATA[Precious Metals]]></category>
		<category><![CDATA[Professional Edition]]></category>
		<category><![CDATA[Daily Updates]]></category>
		<category><![CDATA[Gold Metals]]></category>
		<category><![CDATA[Gold Stock]]></category>
		<category><![CDATA[Gold Stocks]]></category>
		<category><![CDATA[Risk Free]]></category>
		<category><![CDATA[Stock Screens]]></category>
		<category><![CDATA[Subscribers]]></category>
		<category><![CDATA[Swing Trades]]></category>
		<category><![CDATA[Thirty Days]]></category>
		<category><![CDATA[Wall Street]]></category>

		<guid isPermaLink="false">http://wallstreetexaminer.com/?p=71894</guid>
		<description><![CDATA[Here are today&#8217;s gold stock screens and data, along with cycle conditions and projections for gold and HUI index, and Chart of the Day picks for swing trades. Indispensable daily information for gold and precious metals stocks traders.Click here to download complete report in pdf format (Professional Edition Subscribers). See the current full sized chart with a complete explanation and analysis and get daily updates on the 4 week, 6-7 week, 13 week, 6 month, 9-12 month and long term cycle projections in the Wall Street Examiner Professional Edition Daily Market Update.Try the Professional Edition, including this Precious Metals update risk free for thirty days. If, within that time you don&#8217;t find the information useful, I will give you a full refund. It&#8217;s that simple. Click here for more information.]]></description>
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		</item>
		<item>
		<title>SPX Update: Slight Shift in View After Thursday&#8217;s Action</title>
		<link>http://wallstreetexaminer.com/2012/02/03/spx-update-slight-shift-in-view-after-thursdays-action/</link>
		<comments>http://wallstreetexaminer.com/2012/02/03/spx-update-slight-shift-in-view-after-thursdays-action/#comments</comments>
		<pubDate>Fri, 03 Feb 2012 10:38:00 +0000</pubDate>
		<dc:creator>Pretzel Logic</dc:creator>
				<category><![CDATA[Pretzel Logic E Wave Analysis and Market Commentary]]></category>
		<category><![CDATA[Today's Markets]]></category>
		<category><![CDATA[Trading and Technical Analysis]]></category>
		<category><![CDATA[Amp]]></category>
		<category><![CDATA[Bears]]></category>
		<category><![CDATA[Conclusion]]></category>
		<category><![CDATA[Confidence]]></category>
		<category><![CDATA[Fifth Wave]]></category>
		<category><![CDATA[Nbsp]]></category>
		<category><![CDATA[Nfp]]></category>
		<category><![CDATA[Objective]]></category>
		<category><![CDATA[Original Article]]></category>
		<category><![CDATA[Payroll]]></category>
		<category><![CDATA[Preferred Target]]></category>
		<category><![CDATA[Rally]]></category>
		<category><![CDATA[Slight Shift]]></category>
		<category><![CDATA[Spx]]></category>
		<category><![CDATA[Trendline]]></category>
		<category><![CDATA[Waves]]></category>

		<guid isPermaLink="false">http://wallstreetexaminer.com/?guid=58067108253f81050c027df1b45884cd</guid>
		<description><![CDATA[There is&#160;very little&#160;to add to the overall&#160;picture after yesterday's action.&#160; The market came within 16 cents of adding confidence to the bear count, but did not.&#160; The action yesterday now&#160;forces me to give a slight edge t...]]></description>
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		</item>
		<item>
		<title>Federal Reserve’s Portfolio: the Short of a Lifetime</title>
		<link>http://www.wallstreetexaminer.com/blogs/winter/?p=4465</link>
		<comments>http://www.wallstreetexaminer.com/blogs/winter/?p=4465#comments</comments>
		<pubDate>Fri, 03 Feb 2012 05:05:12 +0000</pubDate>
		<dc:creator>Russ Winter</dc:creator>
				<category><![CDATA[Contributors- Economic and Financial]]></category>
		<category><![CDATA[Economic and Financial]]></category>
		<category><![CDATA[Top Stories]]></category>
		<category><![CDATA[Winter Watch - Russ Winter's Actionable]]></category>
		<category><![CDATA[Basis Point Increase]]></category>
		<category><![CDATA[Ben Bernanke]]></category>
		<category><![CDATA[Binge]]></category>
		<category><![CDATA[Defense Secretary]]></category>
		<category><![CDATA[Federal Reserve]]></category>
		<category><![CDATA[Fiscal Policy]]></category>
		<category><![CDATA[Largest Conventional Bomb]]></category>
		<category><![CDATA[Legend In His Own Mind]]></category>
		<category><![CDATA[Lending Money]]></category>
		<category><![CDATA[Leon Panetta]]></category>
		<category><![CDATA[Mortgage Portfolio]]></category>
		<category><![CDATA[Mortgage Refi]]></category>
		<category><![CDATA[Portfolio Risk]]></category>
		<category><![CDATA[Reuters Article]]></category>
		<category><![CDATA[Rudiger Dornbusch]]></category>
		<category><![CDATA[Russ's Blog]]></category>
		<category><![CDATA[Underground Facilities]]></category>
		<category><![CDATA[Uptick]]></category>
		<category><![CDATA[Us Treasury]]></category>
		<category><![CDATA[War Planners]]></category>
		<category><![CDATA[Wsj]]></category>

		<guid isPermaLink="false">http://www.wallstreetexaminer.com/blogs/winter/?p=4465</guid>
		<description><![CDATA[&#8220;In economics, things take longer to happen than you think they will, and then they happen faster than you thought they could.&#8221; &#8211; Rudiger Dornbusch Ben Bernanke made some surprisingly frank confessions in his House testimony about Fed portfolio risk. When asked what the effects of a mortgage refi program would be on his trillion mortgage portfolio, Ben responded that the Fed would suffer losses. He then said he couldn&#8217;t really quantify how much. In another sly legend in his own mind statement Ben warned that if &#8220;investors lost confidence&#8221; in US fiscal policy (but certainly not his policy), there would be nothing the Fed could do about arresting higher rates. He should have added that marked to market and given the duration of its holdings, that the Fed will lose $2 billion on every basis point increase in rates.  That&#8217;s $200 billion for a modest one percent uptick in rates. I would add that the minute the Fed slows down on its US Treasury debt buying binge, that rates will rise. He failed to mention that the Fed is the dominant buyer of 58% all Treasury issuance since Twist began, and even higher in long dated paper. He also failed [...]]]></description>
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		</item>
		<item>
		<title>Professional Edition Market Update, Update</title>
		<link>http://wallstreetexaminer.com/2012/02/02/professional-edition-market-update-update/</link>
		<comments>http://wallstreetexaminer.com/2012/02/02/professional-edition-market-update-update/#comments</comments>
		<pubDate>Fri, 03 Feb 2012 03:02:23 +0000</pubDate>
		<dc:creator>Lee Adler</dc:creator>
				<category><![CDATA[Professional Edition]]></category>
		<category><![CDATA[Today's Markets Professional Edition]]></category>
		<category><![CDATA[Excuse]]></category>
		<category><![CDATA[Free Trial]]></category>
		<category><![CDATA[Hell]]></category>
		<category><![CDATA[Precious Metals]]></category>
		<category><![CDATA[Rest Of The Night]]></category>
		<category><![CDATA[Stock Charts]]></category>
		<category><![CDATA[Stock Market Indicators]]></category>
		<category><![CDATA[Thanks For Your Support]]></category>
		<category><![CDATA[Tomorrow Morning]]></category>
		<category><![CDATA[Treasury]]></category>

		<guid isPermaLink="false">http://wallstreetexaminer.com/?p=71844</guid>
		<description><![CDATA[OK, so I know you&#8217;re sick and tired of reading the same thing night in and night out, and I&#8217;m just as sick of writing it. That and the fact that I&#8217;ve just given those of you who also get the Fed and Treasury reports enough reading for tonight gives me a reasonably good excuse to take the rest of the night off. I&#8217;ll see you over the weekend with the market update, hopefully with something new and interesting, a big fat juicy sell signal perhaps. As always, thanks for your support! I&#8217;ll see you tomorrow morning with the Precious Metals update, and will give you a heads up if there&#8217;s anything in the stock market indicators and charts that you need to know about. And to the rest of you, what the hell are you waiting for? Take that risk free trial now, BEFORE something bad happens!]]></description>
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		<title>Bulls In Clover While TBAC Is Smoking Dope As Usual</title>
		<link>http://wallstreetexaminer.com/2012/02/02/bulls-in-clover-while-tbac-is-smoking-dope-as-usual/</link>
		<comments>http://wallstreetexaminer.com/2012/02/02/bulls-in-clover-while-tbac-is-smoking-dope-as-usual/#comments</comments>
		<pubDate>Fri, 03 Feb 2012 02:47:17 +0000</pubDate>
		<dc:creator>Lee Adler</dc:creator>
				<category><![CDATA[Money and The Fed]]></category>
		<category><![CDATA[Professional Edition]]></category>
		<category><![CDATA[Top Stories]]></category>
		<category><![CDATA[3 Month]]></category>
		<category><![CDATA[Bedlam]]></category>
		<category><![CDATA[Bond Fund]]></category>
		<category><![CDATA[Central Banks]]></category>
		<category><![CDATA[Cough Cough]]></category>
		<category><![CDATA[Edge Analysis]]></category>
		<category><![CDATA[Last Tuesday]]></category>
		<category><![CDATA[Liquidity]]></category>
		<category><![CDATA[Lows]]></category>
		<category><![CDATA[Machinations]]></category>
		<category><![CDATA[Market Panic]]></category>
		<category><![CDATA[Sheer Panic]]></category>
		<category><![CDATA[Skids]]></category>
		<category><![CDATA[Slow Motion]]></category>
		<category><![CDATA[Tbac]]></category>
		<category><![CDATA[Thirty Days]]></category>
		<category><![CDATA[Treasury Market]]></category>
		<category><![CDATA[Us Housing Market]]></category>
		<category><![CDATA[Wad]]></category>

		<guid isPermaLink="false">http://wallstreetexaminer.com/?p=71840</guid>
		<description><![CDATA[The Treasury market panic continued this week, with yields heading for new lows, thanks partly to a return of central banks to the table at a modest level, but mostly due to a ratcheting up of public buying. Bond fund inflows hit a record last week. It’s sheer panic. Bedlam. The panic atmosphere has been helped along by reduced supply. Once last Tuesday’s big settlement (but less than originally forecast) was out of the way, the market just idled as the paper was digested. Supply settling next week will be extremely low, in fact, there should be a minor paydown. Then the mid month settlement will be well below the norm for note and bond settlements. Considering that the Fed usually settles a big wad of its forward MBS purchases at mid month, the skids will be greased and supply will be reduced. There will be more than enough cash to go around. That will be a recipe for more buying of those “fortress balance sheet equities” (cough, cough), so the slow motion meltup will be spurred on, probably for most of February. Click here to download complete report in pdf format (Professional Edition Subscribers) including 21 pages of charts [...]]]></description>
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		</item>
		<item>
		<title>Vacillating vanguard</title>
		<link>http://www.capitalstool.com/forums/index.php?showtopic=11451</link>
		<comments>http://www.capitalstool.com/forums/index.php?showtopic=11451#comments</comments>
		<pubDate>Fri, 03 Feb 2012 01:39:53 +0000</pubDate>
		<dc:creator>The Daily Stool</dc:creator>
				<category><![CDATA[Best of Capitalstool.com]]></category>
		<category><![CDATA[Day Trading]]></category>
		<category><![CDATA[Technical Analysis]]></category>
		<category><![CDATA[Today's Markets]]></category>
		<category><![CDATA[Trading and Technical Analysis]]></category>
		<category><![CDATA[Fri]]></category>
		<category><![CDATA[Gold]]></category>
		<category><![CDATA[Korea]]></category>
		<category><![CDATA[Lustre]]></category>
		<category><![CDATA[Sectors]]></category>
		<category><![CDATA[Sth]]></category>
		<category><![CDATA[Typical Lack]]></category>
		<category><![CDATA[Vacillating]]></category>
		<category><![CDATA[Vanguard]]></category>

		<guid isPermaLink="false">http://www.capitalstool.com/forums/index.php?showtopic=11451</guid>
		<description><![CDATA[A typical lack-lustre Fri for the early openers: Kiwis +0.3%, Aussies -0.2%, Nikkers -0.1% and Sth Korea -0.6%.

Minor movements in Aussie sectors: Gold +1.1% is the upside lead with Utilities -0.9% at the other end.





]]></description>
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