The Traderszone Network

After sending robots into the Fukushima nuclear reactor (and seeing them mysteriously die), perhaps this is the reason why Japanese officials have decided to re-start the building of a huge ice-wall for ‘containment’.

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Despite reporting good phase 1b data, shares fall hard. Does the drop represent a good buying opportunity?

The big news from China was the added easing announced late Friday:
PBOC cuts 1 year rate by 25bps and cuts RRR by 50bps
Behind the scenes, the yuan is edging ever closer to reserve currency status, with China and the IMF working assiduously to include the currency in the fund’s Special Drawing Rights (SDR)

A note for the diary, Federal Reserve chair Janet Yellen will appear before the US Congress’ Joint Economic Committee on the morning of December 3.
– She will likely address topics such as the inflation outlook, the labor market, monetary policy and whatever comes along that happens to be the fear du jour
Of course, on Tuesday and Wednesday coming (October 27 and 28) the FOMC meets also. If you’re sick of hearing about the Federal Reserve, next week might be a good time for a holiday.

The United Auto Workers union set a Sunday night deadline for General Motors Co (GM.N) to agree to a new four-year contract, setting up a possible strike of GM’s U.S. operations. The union could tell its 52,700 GM members to walk off their jobs at that time. GM and the union have been in talks since July and have for the last several days intensified negotiations to reach a deal.

Submitted by Doug Noland via The Credit Bubble Bulletin,

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The Halloween Indicator is about to flash a strong buy signal, writes Mark Hulbert.
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