STOCK MARKET WATCH, Monday October 11

[ozymandius]

Source: du

STOCK MARKET WATCH, Monday October 11, 2010

AT THE CLOSING BELL ON October 8, 2010

Dow 11,006.48 +57.90 (+0.53%)
Nasdaq 2,401.91 +18.24 (+0.76%)
S&P 500 1,165.15 +7.09 (+0.61%)
10-Yr Bond... 2.38 -0.01 (-0.29%)
30-Year Bond 3.70 -0.02 (-0.40%)

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Market Conditions During Trading Hours

Euro, Yen, Loonie, Silver and Gold

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Handy Links - Market Data and News:Economic Calendar    Marketwatch Data    Bloomberg Economic News    Yahoo! Finance    Google Finance    Bank Tracker    
Credit Union Tracker    Daily Job Cuts

Handy Links - Economic Blogs:
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Brad DeLong      Bonddad    Atrios    goldmansachs666    The Stand-Up Economist

Handy Links - Government Issues:
LegitGov    Open Government    Earmark Database    USA spending.gov

Handy Links - Videos:
The Coming Collapse of the Middle Class    Charlie Rose talks with Roubini    Charlie Rose talks with Krugman
    William Black: This Economic Disaster    Bill Moyers with Kevin Drum and David Corn

Bush Administration Officials Convicted = 2
Names: David Safavian, James Fondren

Bush Administration Officials Charged = 1
Name(s): Richard Lopez Razo

Financial Sector Officials Convicted since 1/20/09 = 11

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This thread contains opinions and observations. Individuals may post their experiences, inferences and opinions on this thread. However, it should not be construed as advice. It is unethical (and probably illegal) for financial recommendations to be given here.

Read more: du

[ozymandius]

1. no goobermental reports today n/t

[ozymandius]

2. Oil rises near $83 as investors look to Fed moves

SINGAPORE – Oil prices rose to near $83 a barrel Monday in Asia as investors bet the U.S. central bank will soon take action to bolster a weak economic recovery.

Investors are anticipating that September's weak employment report will push the Federal Reserve at a meeting next month to buy Treasury bonds and take other measures known as quantitative easing to lower long-term interest rates and spur lending.

Private employers added 64,000 workers last month, short of the 75,000 economists expected, the government said Friday. Overall, 95,000 jobs were slashed as governments laid off temporary workers, and the unemployment rate held steady at 9.6 percent.

In other Nymex trading in November contracts, heating oil rose 0.27 cent to $2.285 a gallon and gasoline gained 0.76 cent to $2.159 a gallon. Natural gas dropped 3.9 cents to $3.612 per 1,000 cubic feet.

http://news.yahoo.com/s/ap/oil_prices

[ozymandius]

3. Scenarios: How the world can tackle skewed

WASHINGTON (Reuters) – Finance leaders are trying to reconcile their differences over deep imbalances in the global economy and reduce the risk of a currency war.

Talks at the International Monetary Fund this weekend will be taken up again in South Korea later this month by top finance officials from the Group of 20 advanced and developing economies and by G20 leaders in November.

The IMF's 187-member countries have agreed that urgent action is needed to give the IMF a more assertive role in highlighting the economic policies of countries that could cause currency problems, and that toughened scrutiny of rich countries is a priority.

Recently the backlash over the budget deficits is leading to fiscal retrenchment and retreat to national solutions, particularly in Europe. The risk is that taking fiscal policy off the table when monetary policy is near exhaustion and growth still fragile will feed uneven growth, heightening currency misalignments and spill over into FX and trade wars.

http://news.yahoo.com/s/nm/20101011/ts_nm/us_imf_forex_scenarios

[ozymandius]

5. IMF told to toughen scrutiny of rich powers

WASHINGTON (Reuters) – Emerging powers won a battle on Saturday for heightened IMF scrutiny of rich countries' economic policies as world financial leaders sought to defuse mounting tensions over currencies.

The International Monetary Fund's 187 member countries gave voice to long-running frustrations of emerging economies, which say the Fund has traditionally not been tough enough on its biggest shareholders, led by the United States.

The statement reflected the arguments of developing countries that weak finances and sluggish growth in the United States are a fundamental cause of imbalances in the global economy, with U.S. policies fueling the dollar weakness that is causing strains for many emerging market currencies.

http://news.yahoo.com/s/nm/20101010/ts_nm/us_imf

[Demeter]

52. That's Really Funny

So, it's the US economy, not the massive bankster frauds, that's responsible for the imbalances in the global economy?

I don't think so. The days of Uncle Sugar riding to the rescue are over. The TBTF have stolen the white horse and the armor and the lance, and poor old Uncle Quixote is getting beaten up by the windmills...

[saigon68]

4. First rec--- Morning Ozy

[ozymandius]

6. G'morning, saigon68.

:donut: :donut: :donut: Thanks!

[ozymandius]

7. Bond markets are closed today for the fabricated Columbus Day holiday.

Stock markets are open, though.

[Demeter]

39. My bank is open today. I was just there.

It's open every day. Even Xmas, I think. It's bizarre, but I go anyway if I have checks to deposit....I don't like putting deposits in an ATM.

[AnneD]

45. It is ....

a day of morning around my family circle. Last time we ever open the door for strangers. :evilgrin:

[Demeter]

53. Say What?

I must have missed a previous post.

[hamerfan]

54. Columbus Day

Demeter.....
I wouldn't open my door again if I were Anne either.

[Demeter]

55. Sometimes I'm Really Slow. Thanks for the Clue

It was taking 3 days off that did it. I asked my client when we were going back to Cleveland today. I have decided that running away is infinitely preferable to returning home....I've been exhausted since coming back, and it's not getting any better...

AnneD, my family didn't get here until it was all over---around 1910 at the earliest. Sorry. Will try to make up for it.

[AnneD]

57. I consider...

Italian Cuisine and wine enough of an apology but considering the Native American metabolism and tendency toward Diabetes and Alcoholism-it is a mixed blessing so we will enjoy the art instead.

[Demeter]

58. Pierogi and Kapusta then

and polka. Bring on the accordions!!!

[AnneD]

59. Now there is a thought....

accordians at a PowWow! I am supprised it didn't catch on.

[ozymandius]

8. Stock index futures signal higher opening

NEW YORK (Reuters) – U.S. stock index futures pointed to a slightly higher opening on Wall Street on Monday, with futures for the S&P 500 up 0.28 percent, Dow Jones futures up 0.19 percent and Nasdaq 100 futures up 0.1 percent at 4:47 a.m. ET, helped by mounting expectations of further action from the Federal Reserve to support the economy.

• The dollar fell to a 15-year low of 81.40 yen on Monday but later clawed higher and stabilized, with the chances of a short-term bounce growing, despite expectations the Federal Reserve will have to print money to support the economy.

• The dollar was affected by discord in international currency policies after the IMF's member countries failed to agree on a concrete plan to tackle global imbalances at multilateral meetings over the weekend.

• Oil rose for a second straight session on Monday to top $83, lifted by the dollar's slide that bolstered the appeal of commodities as an alternative investment.

http://news.yahoo.com/s/nm/20101011/bs_nm/us_markets_stocks

[Dr.Phool]

9. Fur-faced shark spotted in Gulf of Mexico!

[Joe Chi Minh]

10. Must be a kind of basking shark, though a little on the small side. And the plankton, too

big. But eyes very benign for a killer shark. Not beady at all.

Well spotted, Doc. It could be a new, hitherto unknown species.

[ozymandius]

12. Land Shark!

Don't answer the door!

[Roland99]

24. "Who is it?" .... "Plumber."

http://video.aol.ca/video-detail/saturday-night-live-season-1-land-shark/1415496980

[Demeter]

40. Good to have a hobby--can turn into a second job!

Hire Sara out for fishing...

[AnneD]

46. She looked like ...

she could open up her on cat wash, from the photo the other day. My cat has a double coat, but I would pay extra. I am sure the fluffing would be complimentary (on my cat's part).

[ozymandius]

11. World stocks higher amid hopes of Fed action

"Hope" appears to be the "plan." - ozy

European shares advanced modestly in early trading. London's FTSE 100 index was up 0.2 percent to 5,668.10. Germany's DAX index gained 0.2 percent to 6,301.51 and France's CAC-40 index added 0.4 percent to 3,776.21.

Those gains followed a jump higher in most major markets in Asia, where Hong Kong's Hang Seng index closed up 1.2 percent to 23,207.31. Australia's S&P/ASX 200 rose 0.3 percent to close at 4,697.50, the index's highest close since May 5.

The Shanghai Composite Index jumped 2.5 percent to 2,806.94 while South Korea's Kospi shed 0.4 percent to 1,889.91. Markets in India and Singapore also rose while Taiwan, Indonesia and Malaysia lost ground.

The Fed will likely buy billions more in government debt to further drive down rates on mortgages, corporate loans and other debt. The idea is that even cheaper loans might get Americans to increase spending and boost the economy. By continuing to push long-term interest rates lower, the Fed's actions will encourage investors to put money into assets like stocks and commodities.

http://news.yahoo.com/s/ap/20101011/ap_on_bi_ge/world_markets

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I am still waiting on some cogent stream of thought that will explain how buying debt in the aforementioned categories will lead to consumers having more money in their pockets to buy said stocks and commodities. This really is the epitome of one popular definition of insanity: "The definition of insanity is doing the same thing over and over again and expecting different results." Popular attribution goes to Albert Einstein. That is debatable as many historically significant figures have paraphrased this adage - before and during Einstein's day.

But no matter. I digress

How many times have we seen the Fed do the same thing (i.e. buy debt) and each time the reasons given for these actions have been the same: sopping up debt will boost employment and, therefore, spending at the consumer level. It has not worked in the past. So why should we expect it to work this time?

[wordpix]

37. geesh, how low can rates go? Real problem is high price of homes, cars, wi-fi/cell, utilities, etc

I just did a little research into getting monthly wireless service for a new laptop and it was about $55/mo range. Add that to my $85/mo cell + land line service + cable service of $70/mo, and it's really adding up.

Add to that about $1000 + tax for a mid-level laptop + MS Office Suite and it's lots of money. Then add the cost of new health care insurance I need ($200-800 per mo, depending on what I buy).

So I am probably going to keep my old desktop and not buy the new laptop or wi-fi service for awhile. That decision has nothing to do with lower interest rates because I don't buy anything unless I can afford it---I just don't go into for anything but a mortgage. The high cost of goods and services is the issue, not to mention that people don't have jobs, many are getting older and could lose their jobs, and other job-related factors.

[Po_d Mainiac]

43. Huh?

Does it really matter if QE2 saves jobs on Wall St. or Main St?

A job saved is a job saved, period.
:hide:

[Dr.Phool]

13. 60 Minutes lead story last night on HFT.

It confirmed everything that has been common knowledge around here for over a year. Wall Street is nothing more than a casino, with absolutely no relationship to the economy, or the companies trading on it. Just computers sniffing out what might go up or down.

And the feds really have no idea how to fix it.

But, that's just us crazy conspiracy theorists talking. If, we'd only just believe.

[ozymandius]

14. I'm glad it received airtime. I'll catch the web re-run.

Was that part of the story: the Feds have no idea how to fix it?

Not surprising, really. I have a few ideas. The easiest one is to flip the power switch to the 'off' position on the HFT boxes on the other side of the trading floor walls. Another is legislation - but that would require guts and brains to mitigate a swift economic collapse.

[Dr.Phool]

15. The logical solution isn't going to happen.

The exchanges are in the process of building new trading centers, full of super-computers, which will be leased to certain brokers to facilitate their trades.

Like the other old axiom that Einstein didn't say, "Money talks".

[skoalyman]

50. super computers wallstreet

so this is how it ends lol:tinfoilhat:

[DemReadingDU]

16. 60 Minutes - link to HFT segment

10/10/10 How Speed Traders Are Changing Wall Street
Steve Kroft Gets A Rare Look Inside the Secretive World of "High-Frequency Trading"

http://www.cbsnews.com/stories/2010/10/07/60minutes/main6936075.shtml

[hamerfan]

20. Great toon today, Ozy!

And thanks to DRDU for posting the 60 Minutes link to the HFT segment.

[Papa Boule]

29. This won't end well.

[Hugin]

33. If it's totally on the up-and-up why the Secrecy?

Oh, I get it... It's to keep people from thinking it's "front-running". Also, to keep out the riff-raff. You know, the common man. Must keep the skimming to a minimum. There isn't enough there for everyone, only enough to keep that select few living the lives to which they feel entitled to live.

We were all created equal, but, some piggies are more equal that the others. Just ask George Orwell.

It's as legit as a Mortgage Servicer! Solid as an Alcatraz Rock! Bulletproof as a Flash Foreclosure!
Never touched by Human Hands! :eyes:

[DemReadingDU]

17. and the super-fast computers

Someone even said on the show that the super-fast computers are able to peek ahead of what is trading to move prices of stocks up or down, usually a penny or so, at a time, but this enables the traders to make Billions per year.

Those who read the SMW most likely already knew that, but to have this discussed on TV. just wow!

[Po_d Mainiac]

25. NPR was there first

http://www.npr.org/templates/story/story.php?storyId=127747626

but no one listens to NPR anymore

[DemReadingDU]

18. Foreclosure fraud parody

This Hitler movie clip has been used in other parodies. Now being used to highlight the seriousness of the foreclosure crisis.

http://www.youtube.com/watch?v=9kPCYcBm-C8

[DemReadingDU]

19. Jon Stewart Daily Show: Foreclosure Crisis

10/7/10 Jon Stewart gives a summary about the foreclosure crisis in the 1st segment. The 2nd segment is about the huge Mortgage Bankers Association (MBA) defaulting on their $79 million mortgage on their headquarters in Washington, D.C.. The 3rd segment is with Naomi Watts (She portrays spy Valerie Plame Wilson in the movie "Fair Game"). The show is appx 22 minutes total.

http://www.thedailyshow.com/full-episodes/thu-october-7-2010-naomi-watts

[SarahB]

21. This is fascinating - President Obama Falls Victim to Chase Robo-Signer

Lots of evidence presented at the link - too much to go into here. Bottom line below.

http://4closurefraud.org/2010/10/10/4closurefraud-exclusive-president-obama-falls-victim-to-chase-robo-signer/



Now for the fireworks…

First we will start with a screen shot of one of Obama’s Release of Mortgage…

Marshe Craine of Chase signed off on their release of mortgage.

Now you ask, so what is wrong with that?

Nothing on it’s face, but you know how I roll…

With all that is going on with the robosigning, forgeries, fabrications and LIES, we decided to dig into this to see if something was there to help educate the masses on the issues that all of us as Americans face…

Guess what we found…

President Obama is a victim of the robosigning phenomenon that has taken the financial industry by storm…

How else would you explain this?

Check it out…

Whoa, is that the same Marshe Craine “Vice President” of Chase that signed off, and was notarized I might add BY THE SAME NOTARY, on the Presidents Satisfaction of Mortgage?

Let’s compare…

[Po_d Mainiac]

23. + Thousands wow! n/t

[Tansy_Gold]

27. I'm no handwriting expert either, but. . . . . .

The M and the r and other letters appear to be the same, just slanted differently. I do the same thing all the time -- switch handwriting "direction" based on mood. My official signature, however, for documents such as contracts, checks, etc., is always the same.

Marshe Craine may not be so particular about her official signature, but personally I think it's very possible and indeed very likely that the same person wrote both signatures.


TG, NTY

[Tansy_Gold]

28. Edited to add

Even the initialled documents with little more than a "C" still have a resemblance to both of the full signatures.

I'm not saying all these are legitimate legal lawful signatures by a notary, but I think too many people are jumping to a conclusion that may not be warranted.

Just saying.


Tansy Gold, the always :rofl: cautious

[Robbien]

35. There is the story of mortgage broker Taylor Bean

It was closed for fraud July 2009. For most of 2008 and 2009, Taylor was the only real player out there as an FHA mortgage broker. Problem was, Taylor was making mortgages but never issuing the corresponding notes.

There was about two billion dollars worth of mortgages for which notes were never found.

A couple of days ago on October 17, the head of Taylor Bean has been indicted.

So in this case, two billion dollars worth of mortgages do not and can not have clear titles.

[Tansy_Gold]

48. "A couple of days ago on October 17" -- today is Oct 11th. ??

Any links?

[Hugin]

34. Interesting site.

Maybe Ozy should consider it for inclusion in the links on the SMW-OP.

[wordpix]

36. hmmm, suggest Pres. & Mrs. O look into these incongruent signatures

[DemReadingDU]

51. Have these documents been verified?

I've been gone all day, but was wondering if there has been anyone from the White House who has spoken about the truthiness of these apparently robo-signed documents for Obama?

[Roland99]

22. Futures - all warm and fuzzy today

S&P 500 1,164 +2.90 +0.25%
DOW 10,969 +22.00 +0.20%
NASDAQ 2,025 +4.00 +0.20%

[fasttense]

26. I'm thinking this is a pump and dump.

The banks/Wall Street/Insurance firms have got to know how illegal and full of fraud their paperwork is. So, why is the market going up?

[SarahB]

30. I think the markets are anticipating a lower dollar and QE2 pumping trillions into the market.

I'm expecting the markets to go up for a little while longer (a couple of months?) before the whole thing finally comes crashing down.

[Roland99]

31. Last gasp profit-making before the big crash?

I called, what, 11,500 or 11,800 before we see the big correction down?

Glad I'm not buying up right now, to be honest.

[Po_d Mainiac]

38. it's all about currency now

One of the primary tools used to price indexes (by investors) is comparing dividend yields to the benchmark 10'sT. In that regard, the Dow and S&P are at the top of the trading range, but not off the charts.

That the combined yield for the Dow 30 is South of 3%...is truly pathetic. Especially since this isn't even a guaranteed return on your investment. You could say this is rigged by the FED muttering QE every 12 seconds. I wouldn't argue otherwise. What's fucked up is the yield on the 10. The day the window interest rate climbs will have a profound effect on the numbers at 4pm. (No doubt GS will have 5-7 days advance notice) Until then, the indexes will continue to creep up opposite the dollar slide.

It's pretty easy to see where 700-1100 points could be taken off the Dow total with just the 4 financials and HD. U'd think the stories over the weekend Re the foreclosure document fiasco would whack BoA'holes and JyPm-organ real fast. But it looks like the markets figure a quick note from the bench will settle the issue for them.

{BTW $1 move in the price of a Dow component changes the figure for the index by 7.5 (=/-) }

At first blush, HD has an inflated balance sheet from their RE valuations.

Hard to see how Travelers is going to have a banner year. If the mortgage payment is late, the insurance bill is later.

AmerEx: They are fussier than Crapitall, BoA'holes, etc but the credit industry isn't what I'd consider safe in the here and now.

So my totally unproven and unscientific manipulation of the numbers puts the DOWn at 9900-10300...but then add the 13% to cover the drop in the U$D and guess what the numbers are? ....11K-11.5K..

There will be plenty of warning if the bottom is about to fall out. The bond markets will look like a Saturn V on lift-off at least 3 nanoseconds before the sell-off
YMMV

[Roland99]

32. Dollar Trades Near 8-Month Low on Prospects of More Fed Easing

http://www.bloomberg.com/news/2010-10-11/dollar-trades-near-8-month-low-on-prospects-of-more-federal-reserve-easing.html

The dollar traded near an eight- month low against the euro on speculation that Federal Reserve policy makers will this week signal their willingness to buy more government debt to support economic growth.

The dollar touched a 15-year low versus the yen before tomorrow’s release of minutes from the Fed’s Sept. 21 policy meeting. The euro pared gains against the U.S. currency after authorities failed to narrow differences over exchange-rate policies at the International Monetary Fund’s annual meeting.

“Given there was little suggestion of coordination or cooperation at the IMF meeting, the fact that the euro hasn’t continued to go higher on the back of that suggests caution,” said Ian Stannard, a senior currency strategist at BNP Paribas SA in London. “The euro may be a little overextended and we may see a little bit of a correction set in from these levels.”

The U.S. currency was unchanged from Oct. 8 at $1.3939 per euro as of 8:30 a.m. in New York. It fell to $1.4012 earlier today and reached $1.4029 on Oct. 7, the weakest since Jan. 28. The dollar traded at 81.89 yen, from 81.93 yen last week, after earlier reaching 81.39 yen, the lowest level since April 1995. The euro was little changed against yen at 114.16, from 114.19 yen. Financial markets in Japan and bond markets in the U.S. are closed for public holidays today.

[Demeter]

41. I REally Liked This Toon and Thought You All Might, too.

[Demeter]

42. GoolsbeeGate: The GOP's Latest Obama "Scandal"

http://motherjones.com/politics/2010/10/goolsbee-koch-industries-irs-scandal

...The issue: Did White House economic aide Austan Goolsbee nefariously gain access to the confidential tax records of Koch Industries, a megafirm privately owned by the billionaire Koch brothers, who have funded much anti-Obama political activity? The short answer: Probably not. But that hasn't stopped the scandalmakers, while the White House response has provided them running room....

[Demeter]

44. To Counter Currency Manipulation: Rally Some Allies

http://blogs.alternet.org/speakeasy/2010/10/10/to-counter-currency-manipulation-rally-some-allies/

Japan, no economic small fry, challenged China last month. The conclusion of the dispute is a cautionary tale for countries confronting China about currency manipulation.

In September, Japan seized a Chinese trawler captain after his boat collided with two Japanese Coast Guard ships near some East China Sea islands claimed by both countries.

Immediately afterward, China “coincidentally” detained four Japanese employees of Fujita Corp., charging them with filming in a restricted military area. When Japan proposed a prisoner swap, China upped the ante instead — halting shipments of rare earth minerals to Japan. China controls 93 percent of the world’s rare earths, which are minerals essential for manufacturing high-tech and energy-efficient products, from cell phones to wind turbines.

Japan caved, releasing the Chinese captain unconditionally. Suddenly, China rescinded its restriction on rare earth exports to Japan and released three of the four imprisoned Japanese nationals, ending the dispute one captive ahead of Japan.

This incident confirmed China as a burly international tyrant. The caution for countries attempting to negotiate with China is to avoid Japan’s mistake, which was single-handedly contesting the giant. For America, that means seeking an end to China’s currency manipulation by simultaneously pursuing every option the United States has, including formally naming China a currency manipulator, imposing tariffs on imports from countries that undervalue currency and creating a community of allies to campaign together to combat the illegal trade practice....MORE

[bread_and_roses]

47. Fascinating interview with John LeCarre about banks, $ laundering, what's "criminal"

only caught part of it - on Democracy Now, Amy Goodman - usually have rough transcript up by now - I have a crazy day but thought lots here would find it as fascinating as I thought the part I heard was

[hamerfan]

49. DOW at 11,010!

Ponies for everyone!
Good times are here!
The recovery is complete!









Oh, wait......
Something is very fishy here, methinks.

[Festivito]

56. Debt: 10/07/2010 13,615,674,949,267.91 (DOWN 9,003,247,167.16) (Thu)

Debt: 10/07/2010 13,615,674,949,267.91 (DOWN 9,003,247,167.16) (Thu)
(Down some. Good day.)
Cedar Point and new brakes and sway bar link -- yeah for me.
(Debt under Obama seems to jump up big then drop slowly maybe up a little and down a little for days--repeat.)
= Held by the Public + Intragovernmental(FICA)
= 9,007,701,456,838.87 + 4,607,973,492,429.04
DOWN 10,581,200,428.89 + UP 1,577,953,261.73

Source: Debt to the penny:
http://www.treasurydirect.gov/NP/BPDLogin?application=np

THINKING IN BILLIONS: Think 3 or 4 dollars per billion in a 310-Million person America.
If every American, man, woman and child puts in $3.22 THAT'S 1B$, and $3,221.35 makes 1T$.
A family of three: Mom, Dad, Child: $9.66, ABOUT TEN BUCKS for a 1B$ federal program.
I hope that is clear. However, I'd suggest using $3 per 1B$ to underestimate it.
Use $4 per 1B$ to overestimate the cost when thinking: Is the federal program worth it?
Aid to Dependant Children: 2B$/yr =$8/yr(a movie a year) Family of 3: $24/yr(an hour of bowling)

PERSONALIZED DEBT:
Every 12 seconds we net gain another American, so at the end of the workday of the report, there should be 310,428,992 people in America.
http://www.census.gov/population/www/popclockus.html ON 10/04/2010 04:37 -> 310,403,677
Currently, each of these Americans owe $43,860.84.
A family of three owes $131,582.51. (And that is IN ADDITION to their mortgage.)

ANALYSIS:
There were 23 reports in the last 30 days.
The average for the last 23 reports is 7,691,481,314.66.
The average for the last 30 days would be 5,896,802,341.24.

There were 252 reports in 365 days of FY2007 averaging 1.99B$ per report, 1.37B$/day.
There were 253 reports in 366 days of FY2008 averaging 4.02B$ per report, 2.78B$/day.
There were 75 reports in 112 days of GWB's part of FY2009 averaging 8.03B$ per report, 5.38B$/day.
There were 174 reports in 253 days of Obama's part of FY2009 averaging 7.33B$ per report, 5.07B$/day so far.
There were 249 reports in 365 days of FY2009 averaging 7.57B$ per report, 5.16B$/day.
There were 256 reports in 372 days of FY2011 averaging 6.66B$ per report, 4.59B$/day.
Above line should be okay

PROJECTION:
There are 836 days remaining in this Obama 1st term.
By that time the debt could be between 14.8 and 18.5T$.
It could be higher. It could be lower.

HISTORICAL:
President's term begins and ends on Jan 20.
(Guess who might want to hide the Reagan Bush years. Jan 20 data is missing before 1993.)
01/20/1993 _4,188,092,107,183.60 WJC Inaugural
01/22/2001 _5,728,195,796,181.57 WJC (UP 1,540,103,688,997.97)
01/20/2009 10,626,877,048,913.08 GWB (UP 4,898,681,252,731.43)
10/07/2010 13,615,674,949,267.91 BHO (UP 2,988,797,900,354.83 so far since Obama took office.)

FISCAL YEAR DEBT CHANGE, Sep 30 prior year to Sep 30 named year:
(One "* " for each 40B$ reached)
FY1994 +0,281,261,026,873.94 ------------* * * * * * * WJC
FY1995 +0,281,232,990,696.07 ------------* * * * * * * WJC
FY1996 +0,250,828,038,426.34 ------------* * * * * * WJC
FY1997 +0,188,335,072,261.61 ------------* * * * WJC
FY1998 +0,113,046,997,500.28 ------------* * WJC
FY1999 +0,130,077,892,735.81 ------------* * * WJC
FY2000 +0,017,907,308,253.43 ------------WJC
FY2001 +0,133,285,202,313.20 ------------* * * C&B
01-WJC +0,053,598,528,417.78 ------------* WJC 31% of FY, 40% of FY-Debt
01-GWB +0,079,686,673,895.42 ------------* GWB 69% of FY, 60% of FY-Debt
FY2002 +0,420,772,553,397.10 ------------* * * * * * * * * * GWB
FY2003 +0,554,995,097,146.46 ------------* * * * * * * * * * * * * GWB
FY2004 +0,595,821,633,586.70 ------------* * * * * * * * * * * * * * GWB
FY2005 +0,553,656,965,393.18 ------------* * * * * * * * * * * * * GWB
FY2006 +0,574,264,237,491.73 ------------* * * * * * * * * * * * * * GWB
FY2007 +0,500,679,473,047.25 ------------* * * * * * * * * * * * GWB
FY2008 +1,017,071,524,649.92 ------------* * * * * * * * * * * * * * * * * * * * * * * * * GWB
FY2009 +1,885,104,106,599.30 ------------* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * B&O
09GWB +0,602,152,152,000.60 ------------* * * * * * * * * * * * * * * GWB 31% of FY, 32% of FY-Debt
09-BHO +1,282,951,954,598.70 ------------* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * BHO 69% of FY, 68% of FY-Debt
FY2010 +1,651,794,027,380.00 ------------* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * BHO
FY2011 +0,054,051,918,376.20 ------------* BHO
Endof11 +86,129,259,999,100.00 ------------* * That's still too many *s * *

LAST FIFTEEN REPORTS OF ADDITIONS TO PUBLIC DEBT(NOT FICA):
09/17/2010 -000,203,034,896.34 ---
09/20/2010 +000,019,446,813.89 ------------******* Mon
09/21/2010 +000,509,875,602.04 ------------********
09/22/2010 -000,022,020,658.96 ----
09/23/2010 -008,701,405,875.05 --
09/24/2010 +000,034,117,767.19 ------------*******
09/27/2010 -000,066,407,812.28 ---- Mon
09/28/2010 +001,463,391,855.14 ------------*********
09/29/2010 +000,391,315,850.35 ------------********
09/30/2010 +058,907,978,013.89 ------------**********
10/01/2010 -005,585,417,177.51 --
10/04/2010 +000,259,208,393.70 ------------******** Mon
10/05/2010 +000,697,809,032.26 ------------********
10/06/2010 +000,102,633,566.23 ------------********
10/07/2010 -010,581,200,428.89 -

37,226,290,045.66 Total of 15 above reports.

Heavy borrowing seems to start after 09/18/2008 while Bush was in power JUST BEFORE fiscal year end.
Bush admin borrowed $962,245,245,654.01 in those last 124 days in office crossing two fiscal years.
$360,093,093,653.42 in last 12 days of FY2008, and $602,152,152,000.59 in subsequent 112 days before leaving office.

For a prettier and more explanatory view of our nation's debt:
http://www.brillig.com/debt_clock
http://www.usdebtclock.org/
DUer primer on National debt

(Debt to the penny keeps changing. Stuff is missing. Best to keep our own history.) LAST REPORT:
http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=102&topic_id=4568655&mesg_id=4568659