Good morning. It is 45 degrees and sunny here in Upstate NY. It is the first complete day of Fall although Fall officially began on Sunday at 4:44 p.m. It's crisp out there, but the light and clarity during Fall is beautiful. What a weekend, my personal website was hacked by I suspect some Russian porn hackers. Every page on my site would redirect to a stripper and porn site ad. They had embedded code on every single page including pages with Buddhist prayers of all things. Such is our modern world. I have deleted all of it and now will start over with a much more modest goal in mind so that I can monitor the code every day. The web is crawling with these types of hackers, this site and all blogs get many hits all day long from hackers many if not most from Russia and former USSR places all trying to scam people onto their pornography. Where the hell are the internet police?
At 8:30 a.m. ET futures are slightly higher and the price of oil per barrel is slightly up. The market is poised to open in the flat to slightly higher area.
After Friday's meltdown the day is beginning on a fair note. It is still Fed monetary policy that is the main concern. QE3 can't go on forever yet the economy continues to limp along with stagnant job growth, crumby poor jobs too, and a GOP bent on eviscerating all social programs thus damning huge segments of the population to endless poverty.
CNN:
Stocks: Steady start on tap
...new data from HSBC showing China's manufacturing sector expanded at the fastest pace in six months.
...Hong Kong was closed in the morning because of Typhoon Usagi.
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