Bad data pushes investors into US treasuries…  Barclay’s says the euro will rally…  SNB surprises with a rate cut…  Iceland gets their bailout… And Now… Today’s Pfennig!

MSCI world equity index up 0.9 percent at 192.09, Hopes for interest rate cuts cushion economic gloom, Government bonds rally; oil rises from 3-1/2 year low

Trading Theme returns…  Automakers’ bailout vote today…  Not using all your arrows…  Housing Starts go back to 1959! And Now… Today’s Pfennig!

G20 largely a non-event…  Pound moves up…  Brazil falls on sell off of emerging markets…  Japan enters recession… And Now… Today’s Pfennig!

Japan’s stock market has been in a long, secular bear market for two decades. But that has been punctuated by fierce rallies. Martin Hutchinson says another spike could be on the cards next year as the Nikkei tests its 2003 low. He picks three Japanese stocks with a strong bounce potential in a market recovery.

Job losses begin to accelerate…  Currencies inch higher…  News of the weird…  China announces a stimulus plan!

Since July, the US dollar has converted into one of the world’s strongest currencies. Eric Roseman says the greenback could continue to rally if stock markets decline again. But this upswing should not be confused with fundamental strength in the US economy. The buck has been a “liquidity haven” as credit dries up, but the government’s spending blitz will eventually take its toll on this fiat currency.

Mixed bag o’ data…  Trading theme in place…  Election tomorrow…  Consumer Spending collapses! And Now… Today’s Pfennig!

SO the SPOT GOLD PRICE sank in October, dropping right back to 13-month lows at $683 an ounce. After failing to breach $930, this collapse marked the third step lower from March’s all-time high of $1,032. And from a technical perspective, the Gold Chart looks horrible - recording lower lows and lower highs for the last six months and more.

U.S. stocks soar!  Currencies rally!  Consumer Confidence at an all-time low!  Getting off the bench! And Now… Today’s Pfennig!