"The Constitution gives the president the power celine cabas of clemency to be used when he deems it to be warranted. It is my judgment that a commutation of the prison term in Mr. Libby's case is an appropriate exercise of this power." GWB

I'm going to refrain from commenting on the above as it's a short day and celine micro luggage I don't want to get into it and it was very clever of the President to do this when Jon Stewart was on vacation!

We're also off on vacation today and the premarkets make it look like we'll be off to a rockin' start as Asia and Europe kicked off the morning in high gear. The Hang Seng jumped 378 points, closing at a record 22,151 led by 4.5% gains in CEO and PTR with brent crude at $72.50 a barrel in European trading. The Nikkei was somewhat less excited but finished the day up 3 points despite concerns of high oil prices (how silly!) and a selloff in exporters who are concerned that a near worthless dollar will eventually stop US celine trio bag for sale consumers from borrowing money to buy stuff (also silly!).

Speaking of silly, those Greenpeace guys are at it again. This time they're protesting the Chinese plan celine mini tie to build a road up Mount Everest, which is being done more as a way for China to mark their territory in Tibet than under the guise of preparing for the Olympics. Aside from the obvious environmental impact that a 67 mile road would have in one of the most remote regions of the earth, imagine how you would feel heading up the mountain, loaded with supplies, led by your trusty sherpa only to be passed by a bunch of drunken frat boys who toss beer cans at you as they cruise along to base camp in their SUV, where they will go to the gift shop and get one of those tshirts that says "My brother climbed Mount Everest and all I got was this lousy tshirt." Ah, progress!

Europe is making too much progress in unemployment as their rate has dropped to what they consider an unhealthy 7%, an alltime low. This is down sharply from 7.9% last year and is seen as a major inflationary pressure and is very likely to force the ECB to raise rates on Thursday, which will pressure rates over here as well. At the celine trapeze terror probe continues with 3 more arrests, the European markets are getting back on track with the DAX up a full point this morning, joined by the London FTSE, up .6%.

Our markets should be able to reestablish http://www.celinehandbagse.com/ themselves at higher levels and if oil behaves itself and rates behave themselves we should go into the holiday on a very positive note.

We have made some amazing progress on the chart this week. I'd feel better if it wasn't all coming in just 2 day's worth of movement as we flipped from extreme concern to extreme jubilation overnight but we'll take what we can get if celine mini belt tote bag it's enough to break out the S the Russell and the Transports.

The reversals were truly spectacular and we do have the Nasdaq leadership we always wanted but I'm not as happy as I should be because the rally is based on a falling dollar and low treasury rates. In yesterday's wrapup I cited a flight to quality as a reason for this odd bond market behavior and David Fry has an excellent theory celine phantom bag about this:

Treasury yields dropped despite a betterthanexpected ISM number which should have had the opposite effect. Bullish equity investors appear to be misreading why bond yields fell. There was plenty celine mini bag of chatter "again" about the low "core inflation rate" as a cause for lower yields, and even another trial balloon that the Fed will cut rates.