Morning Journal Out of Control Deficits

Economics
This Week’s Data

The International Council of Shopping Centers reported weekly sales of major retailers down 2.3% versus the prior week but up 3.8% versus the comparable period a year ago--the poor weekly number is related to seasonal (Black Friday) factors; Redbook Research reported month to date retail chain store sales were up 3.2% on a year over year basis.

In the week following Thanksgiving, weekly mortgage applications bounced back, up 12.8% while purchase applications rose 8.3%.

@AllAmerInvest Stock Cheats, Boeing Deal, Buffett Oil to China, Housing Muddle

All American Investor

Congress Trading Stock on Inside Information? (Video, Transcript)
Steve Kroft reports that members of Congress can legally trade stock based on non-public information from Capitol Hill.

Boeing's (BA) $18 billion deal is biggest ever
Boeing and Emirates Airlines have signed an $18 billion deal -- the largest deal in the aircraft manufacturer's history -- to supply the airline with 50 aircraft, with options to expand the deal even further.

CNBC Portfolio Challenge Bonus Bucks Answers for Monday, November 14, 2011

The Morning Call (8-22)

By Steve Cook
All American Investor

Monday Morning Chartology

The S&P is in a critical position. If it bounces off the 1101 level and recovers above 1172, the Market will simply have endured a significant test. Breaking 1101
suggests more downside (1041, 1009).

You can clearly see the magnitude of GLD’s extension above its long term up trend.

Here is another technical opinion:
http://advisorperspectives.com/dshort/charts/large.html?guest/110819-Gold.gif

The VIX is high but not rising versus the prior week.