Morning Audibles 10.5.09

Wondering why... You got out of bed? 

Crude Oil Rises on Port Closures, Speculation of Growth in U.S.

http://www.bloomberg.com/news/2010-10-05/crude-oil-pares-losses-to-trade-near-an-eight-week-high-as-dollar-weakens.html

Hear that people? GROWTH! (And you won't mind paying $10 a gallon for it... Will you?... Even though you're still out of a job, with no prospects, you don't mind paying TRIPLE prices for gas and food, just so Bernanke & Obama can claim victory that they conquered the Depression)...

Excerpt: "Oil rose to trade near an eight-week high after the U.S. Federal Reserve Chairman said the central bank’s asset sales have boosted the economy, while disruptions at France’s biggest oil port continued."


Fed Chairman Ben S. Bernanke said yesterday the central bank’s first round of large-scale asset purchases improved the economy and that further buying is likely to help more."


In similar news... CV would like (all you ladies) to know that I am the GREATEST LOVER since Tristain...

Further, I am the GREATEST WARRIOR since Hector & Achilles...

When they elect me President, I'll be the GREATEST POTUS since, since, since... (FOTO withheld - technical difficulties - Head too big to fit in frame)... Question: Does "better than Bush" count?

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I am the greatest "negotiator" since Rodney King! (nah! I'll leave that one to other "bloggetteers slash authors")...

Anyway - I just KNOW there must be growth out there when I read this...

Recession "Over" As Consumer Bankruptcies On Track To Hit 1.6 Million Total For 2010

http://www.zerohedge.com/article/recession-over-consumer-bankruptcies-track-hit-16-million-total-2010

Excerpt: "Overall, YTD bankruptcies of 1,046,449 are 11% higher than compared to the same period last year, as America revels in its newly found post-recession reality by going straight to bankruptcy go and not passing go."

See that people? As soon as all you laggards out there file for your damn bankruptcies, and strategically default on your mortgages, this problem will be solved... Then you can get on a blog and tell everyone how it's done!

Of course, there are some UN-ANOINTED types who believe "the economy" isn't just what asset prices, (especially equity indices) happen to be doing on the last 5 ticks of the daily tape...

Learn How Out-of-the-Money Butterflies Create Profits Trading SPX

http://www.zerohedge.com/article/guest-post-learn-how-out-money-butterflies-create-profits-trading-spx

Excerpt: "If the S&P 500 breaks out over the 1150 area with strong volume we could move higher to test recent highs; however, if the 1040 area were to give way to the bears the bullish parade would end. At this point in time, it is too early to tell which side is going to win this battle. The monthly chart of SPX tells the entire story."

So who's right? This guy?

He's the greatest...

Or these things over here (Who convince weak minds that somehow it's all for real)...

In any case, you'd better get your HUSTLE on, and find out... Because nobody in Washington or on Wall St. misses a day without giving you a new song and dance...