This is only “The Lull Before The Storm.”: Dow refreshes closing high ahead of major economic data

Greetings,

   As homelessness grows and hunger in America explodes…and while unemployment has set-in on more than 1/3 of the American population….and while more than 50million Americans are in need of government assistance to feed themselves and their families…they want us to believe that America’s economy is rebounding.

  This is a trick. Look at how private investors are jumping ship. Look how Nations are secretly dumping the dollar, selling off treasuries, and leaving the US investment markets. Yet the market is up and wallstreet continues .

  Remember prophecy…” The false show of a glorious future that the wicked is putting on is at hand. We must remember Daniel’s prophecy, that “at the end of the war desolations are determined.” But before this happens Allah (God) will bless the people with a good time, as He did the people of the past, who wronged themselves and who did not pay attention to the prophet’s warning among them. Allah (God) destroyed them. They thought that they were fooling Allah (God) but Allah (God) surprised them!

  He made the people rejoice for a short time, with a show of great prosperity and at the height of their great prosperity suddenly, He destroyed them. This is the merciful law that Allah has put in nature.

  Allah (God) lets a dying person rally before the end. America is going to do the same. America will rally and people will think that she is going to have a great future, and then the end will come in that kind of time.

  America’s end will not come while she is going around with her head hanging down and with heart aching and failing because of the things that are coming on her nation. No, she will be made to enjoy good times.

  The stock market, going up, and lots of shares being sold — this makes any man think that everything is all right. But, this is only “The Lull Before The Storm.”–pg.203(tfoa)

  Dow refreshes closing high ahead of major economic data

  U.S. stocks ended mixed Wednesday, with the Dow Jones Industrial Average refreshing its all-time closing high, as investors look to a pair of important data due out later this week.

The Dow Jones Industrial Average rallied 128.66 points, or 0.82 percent, to 15,746.88 points. The Standard & Poor’s 500-stock Index rose 7.52 points, or 0.43 percent, to 1,770.49 points. The Nasdaq Composite Index fell 7.91 points, or 0.20 percent, to 3,931. 95 points.

The blue-chip Dow and the broader S&P 500 shot up to record positive territories shortly after Wednesday’s opening bell. The Dow also set a new record intraday high of 15,750.29 points in the morning, but the S&P 500 moderated its early gains to close below its record high level.

Investors are closely watching two important U.S. data to try to look for clues as to when the Federal Reserve may start tapering its bond purchases program.

The U.S. Commerce Department will release the third-quarter gross domestic product statistics Thursday, while the Labor Department will publish nonfarm payrolls report for October Friday.

The market sentiment was underpinned by dovish comments from a pair of Federal Reserve officials. Cleveland Fed President Sandra Pianalto said Wednesday that she hopes the economic recovery will accelerate so that the Fed will gain the reassurance it needs to begin winding down its asset purchases program.

San Francisco Fed President John Williams said late Tuesday that the Fed should wait for stronger evidence of growth momentum before scaling back its bond purchases.

The tech-heavy Nasdaq underperformed the other two major indices, weighed down by slumping shares of Tesla Motors.

Tesla shares plunged 14.51 percent to 151.16 U.S. dollars apiece Wednesday, a day after the electric car maker reported the third-quarter earnings. Tesla’s third-quarter results beat market estimates, but deliveries of its Model S vehicles missed analysts’ expectation.

On the economic front, the Conference Board Leading Economic Index for the United States increased 0.7 percent in September to 97.1, suggesting the U.S. economy was expanding modestly and possibly gaining momentum before the government shutdown, according to a report released by the Conference Board Wednesday.

Investors are also keeping an eye on social media giant Twitter, which is expected to price its initial public offering late Wednesday and make its debut on the New York Stock Exchange Thursday.

On other markets, U.S. Oil price moved up from the lowest level in five months Wednesday as the official report showed a smaller- than-expected increase of U.S. crude supplies.

Light, sweet crude for December delivery went up 1.43 dollars to settle at 94.8 dollars a barrel on the New York Mercantile Exchange, while Brent crude for December delivery lost 9 cents to close at 105.24 dollars a barrel.

The U.S. dollar slipped against most major currencies and it weakened against the euro as the European Central Bank is expected to refrain from cutting its benchmark interest rate further.

In late New York trading, the euro rose to 1.3521 dollars from 1.3474 dollars of the previous session, and the British pound increased to 1.6083 dollars from 1.6074 dollars.

Gold futures on the COMEX division of the New York Mercantile Exchange rebounded from a three-week low as a weak dollar boosted demand for the precious metal.

The most active gold contract for December delivery rose 9.7 dollars, or 0.74 percent, to settle at 1,317.8 dollars per ounce.

  Source: Xinhua

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