Friday Market Report-09/09/16

Well,today we see my early week analysis is correct on what the end of this week is going to be on the market indexes. So,let's get out our microscope so that critique can begin putting into perspective at 4:55pm on Friday. Which hatchet should I use first on my analysis tables?? HMmm.. I think I will start will the favorite target the Fed Central Bank with their rate hike tremors. Look at at my analysis on what I said Monday-Tuesday of this week as a recap. I said the markets are going to have shock factor running heavily through them as we get closer to to Friday this week. Now let's zoom forward here its Friday and the markets are closed on Wall Street but global some markets continue to be open due to different time zones change. Ok. Like my wife HM Pam L (Porter) Norton says" Cut the Bullshit and Get Busy" sounds good to me,I love how my wife is soooo direct in her motivation. Ok. So here it is filled with the good news of today with a punch drunk pound of sour apples. The market news is enough to rot your socks right off your feet with the Dow Jones benchmark down 346.52 and Standards & Poors down 56.42 on today's trading. All the rest of the markets the Russell 500,1000 etc all going heavy red negative below the belt. Canadian markets going wild with a huge selling frenzy on heavy trading. Global markets everywhere going in the toilet down average 100 points with one exception the Hesang market which posted the reverse gained 186.90 approximated on heavy volume. Global market reached a high pitched voices on new Fed Bankers talking again interest rate hike sending global shock waves through all the business community and markets today. While another huge hit came from the European Central Bank rate hike that just increased global markets selling frenzy,people yelled ouch that hurts. People in Europe cried foul today when the ECB decided to preempt the US Fed Bank and add their own set of drama to the global financial mess. European markets quickly reacted to the new rate hike by massive selling binge trying to hedge their risk margin on certain parts of their portfolios while bailing out on the rest before they floundered completely. Fed Central Bankers decided to add to the growing fury by announcing they are considering a larger rate hike than originally talked about by Fed Chair Janet Yellen. Some other Fed Bankers trying to cool the global jangle nerves of investors,business said maybe things won't be so bad. Fed Chair Janet Yellen cautioned " that the idea circling of the Fed Bank tightening it's belt she said probably isn't realistic" that just made investors pause saying HuH What OH No she Switched it!! Time to Sell or I am getting buried by the Avalanche going hit me. So,that is what investors did today bailout of the markets while a tidal wave global and Wall Street felt the pain. By the time Wall Street figured out what was happening today it was too late for most to get out. The tidal waves hit Wall Street and then Main Street got clubbed next with a bad ulcer. Some people however smart that they are said to themselves it's get rich quick time and made a huge haul on everyone ulcers sickness. This week certainly seen its share of fame and famine on business side of things included with Apple reaching for it's throat gagging on the EU court decision which penalized Apple billions for violating consumer and patent laws. Then German industry Mercedes and BMW both announced a huge cut in their work force to add to Europe overall sentiment that the economy is stuck in degrade zone. With all this happened at the same time Wall Street just took the approach of trying to minimize the damage while jumping off the tidal wave ASAP. So, you ask where we going from here when Monday bell rings to open trading? Good question. .Well, given what we seen so far its really concludes that Monday will start the new week with increased skepticism about the Fed Bank tinkering with the interest rates. Some good news from the housing and real estate market sector will breathe temporary new life into a already lackluster markets. Other important data will continue to feed optimum that a Bull market is just around the corner somewhere with investors feeling more increasingly to buying short on the market but still hedging their long term risks. Then about Wednesday you will see the effects of the Consumer Prices index Report and Gold Report come out which will fuel mixed reviews with both institutional and regular investors. Look for a binge sell signals and global sell off on Thursday going possible into Friday when the next big thing hits. This ones a whopper of a hit the Treasury announcement of another debt ceiling increase or default on public debt,so a monster shock included when Congress decides to approve it in a all you can eat pork barrel spending bill. This is how I think next week is going to shape the financial markets with business and investors with underpinning analysis included.

Everyone Have a Great Weekend,
God Bless ..

HM Scotland John Norton
The Hon. UN Secretary General (elected)