• This morning appears to have picked up where last night left off.  Equities, gold and oil all up.
• Bonds could be under pressure despite this week’s excellent treasuries auction .  China’s Premier, in his annual press conference wagged his finger at the US.  He expressed concern for his country’s trillion-plus dollar investment in our nation’s bonds.  Don’t know what took him so long, except that he speaks on the record only once a year.  Obama meets with China’s President, prior to the G-20 meeting and am sure the topic will come up.
• Ecuador defaults for the second time.  Interest will not be paid for the quarter.
• BMW, like all auto companies lost over $1 billion last quarter.  Their BMW line of cars showed a decline of 7.6% but, interestingly, their Rolls-Royce brand was up 37.7%.  More than 1400 Rolls’ were produced.  The rich staying rich?
• It looks as if GE could go through $10/share this morning.  Odd that $10 could be a milestone for a company such as GE.  It says volumes about our current market.
• I bought some Bank America yesterday as well as Citibank (small) and am holding my breath.  At the moment these are speculative momentum plays; I have no idea what either company may be worth.  Nor does their managements.
• Also added to my GE and Perrigo (PRGO) positions.  New names purchased are Dow Chemical (DOW), Arch Coal (ACI), General Mills (GIS) and Buffalo Wild Wings (BWLD).  The latter is really a Peter Lynch-principle purchase; buy what you know and can see.   When I drive past the local restaurant the overflowing parking lot puts cars in the road.  Am already down 2% in this turkey, er chicken.
• Should I feel the market weakening I will add an inverse ETF, probably TMN, to protect my long positions.

It is Friday!  Weekend coming!  Enjoy your day,  that’s an order.