STOCK MARKET WATCH, Friday November 26

[ozymandius]

Source: du

STOCK MARKET WATCH, Friday November 26, 2010

AT THE CLOSING BELL ON November 24, 2010

Dow 11,187.28 +150.91 (+1.35%)
Nasdaq 2,543.12 +48.17 (+1.89%)
S&P 500 1,198.35 +17.62 (+1.47%)
10-Yr Bond... 2.87 -0.04 (-1.44%)
30-Year Bond 4.24 -0.04 (-1.03%)

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Market Conditions During Trading Hours

Euro, Yen, Loonie, Silver and Gold

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    William Black: This Economic Disaster    Bill Moyers with Kevin Drum and David Corn

Bush Administration Officials Convicted = 2
Names: David Safavian, James Fondren
Dishonorable Mention: former House majority leader, Tom DeLay

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 hovers below $84 as traders eye China economy

SINGAPORE – Oil prices hovered below $84 a barrel Friday in Asia as traders mulled how much economic growth in China may slow next year and drag down demand for crude.

China's energy consumption has led growth in global oil demand this year, but investors are worried that recent measures aimed at containing inflation will undermine its economic expansion.

In other Nymex trading in December contracts, heating oil fell 0.7 cent to $2.32 a gallon and gasoline added 0.1 cent at $2.16 a gallon. Natural gas rose 1.1 cents to $4.40 per 1,000 cubic feet.

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

[hamerfan]

3. Good morning, Ozy!

Here's hoping everyone had a happy and safe Thanksgiving!
:donut:

[ozymandius]

5. Good morning.

:donut: :donut: :donut: It was quiet. My child was sick but fully recovered now and wife had to work. So it was a quiet day. The boy and I did manage to get out - went to Ted's Montana Grill for some bison fare. The traditional turkey and fixings will happen today.

I do hope your holiday was a pleasant one.

[ozymandius]

4. European stocks mixed on debt fears, strong US data

LONDON (AFP) – European stocks were mixed on Thursday as concerns over the eurozone debt crisis offset positive US economic data, traders said.

In morning deals, London's FTSE 100 index rose 0.17 percent to 5,666.26 points and Frankfurt's DAX 30 gained 0.10 percent to 6,830.50 points but the Paris CAC 40 fell 0.46 percent to 3,730.26.

Meanwhile, the head of the European Union's multi-billion-euro bailout fund sought to allay fears the money could run out if the Irish debt crisis spreads to other eurozone nations.

more

Spain is the new major concern. The Bank of Spain requires that banks write down the devalued worth of property they hold in their portfolios. Spain's economy is also double that of Greece and Ireland's. So could the money run out if Spain is forced into a similar circumstance as Ireland? May banks be forced to take a shearing on the desired worth of foreclosed properties on their books? The answer is very probably 'yes' to each.

[ozymandius]

9. Banks lead Europe shares down on euro zone crisis (today)

LONDON, Nov 26 (Reuters) - European shares fell early on Friday with banks lower as euro zone sovereign debt worries intensified after a report that Portugal had come under pressure to accept a bailout. At 1000 GMT, the FTSEurofirst 300 .FTEU3 index of top European shares was down 1 percent at 1,081.47 points.

Spanish banking heavyweights Banco Santander (SAN.MC) and BBVA (BBVA.MC) fell 3.1 and 3 percent respectively, and have both fallen about 20 percent in the last month, as euro zone sovereign debt worries have resurfaced.

Analysts say concerns that Portugal might be next for a bailout have weighed even more heavily on Spanish banks than the Irish crisis. Spanish banks had more than $100 billion exposure to Portugal at the end of the fourth quarter 2009, according to June 2010 BIS Quarterly Review.

more

Portugal is under pressure to accept a bailout to protect Spain's "premium investors" that hold government bonds. This pressure comes from EU member states and the EU Central Bank.

[ozymandius]

11. Update: Portugal Says EU Can’t Force Governments to Accept Rescue Aid

This clouds the issues circulating around Portugal, Spain and the EU Central Bank.

Nov. 26 (Bloomberg) -- Portuguese Finance Minister Fernando Teixeira dos Santos said European Union governments can’t impose a bailout on his country even as speculation mounts that Portugal will eventually have to ask for one.

Portuguese bonds have dropped as the government struggles to convince investors it can avoid the fate of Ireland and Greece, which have asked for EU bailouts this year. A majority of euro region governments and the European Central Bank are putting pressure on Portugal to accept a bailout to stop contagion spreading to Spain, the Financial Times Deutschland said today.

more

Portugal's office of the Prime Minister says that it is under no pressure to receive a EUCB bailout. The nature of this plot seems centered on politics and personalities, rather than economic circumstances.

[Warpy]

26. Yeah, look at that buck climb

Dollar up, market down as a general rule, since people holding Euros tend to take the profits they made when the dollar was low. They might start to hold US investments now that the Euro seems to be taking blows every other month, or so, and Italy, Spain and Portugal are yet to crash.

Still, nobody there is thinking about tapping the sainted rich for the money they stole, just like it's unthinkable here.

[xchrom]

6. Recommend

[ozymandius]

7. Ireland austerity plan draws skepticism

DUBLIN (Reuters) – Ireland revealed an austerity plan to secure an international bailout, and officials gave mixed messages on whether its debt crisis could spread to other euro zone members or even endanger the common currency.

Irish Prime Minister Brian Cowen, whose government is close to collapse, unveiled a 15 billion-euro ($20 billion) four-year austerity plan that immediately drew accusations of overconfidence in assuming the crippled Irish economy can grow.

The plan includes thousands of public sector job cuts, phased-in increases in Ireland's value-added tax (VAT) rate from 2013 and social welfare savings of 2.8 billion euros by 2014, but does not touch the country's ultra-low corporate tax rate.

more

The plan is regressive as hell. It also reveals the IMF's bias, preferring to defer to the banks and their bondholders. Populations in countries that have been subjected to IMF standards of "reform" seem wise to the pattern: protect the banks and their investors; impose draconian conditions that will guarantee widespread suffering for those who were not involved in the recklessness that led to current circumstances.

In the case of Ireland: Fianna Fail is doomed. The austerity measures offer a 99% certainty that the economy will shrink. I posted some about this over here. There are some glimmers of hope that the responsible parties will be held to account. Angela Merkel, for one, has said that investors must share the risk of future crises.

[ozymandius]

8. Good News: Black Friday Opening Saw No People Killed at Wal-Mart

Last year's stampede for Black Friday deals was trample-free. But I seem to recall shoppers engaged in mortal combat over cheap merchandise. You can read about shopper non-idiocy here.

[Systematic Chaos]

10. Anyone dumb enough to buy these products deserves a trampling.

This Thanksgiving, the doors were open all day at the Valley Stream store, even though the most popular deals didn't start until midnight. Also, rows of metal barricades were set up outside to corral shoppers into organized lines, instead of a zombie-like mob.

Not everybody was happy about it, though.

"Yo, this is just like Rikers," said a young man to his girlfriend, referring to New York City's island jail, as they filed through the metal gates. "I'm gonna puke."

They were among hundreds of shoppers who poured into Wal-Mart before midnight, when Black Friday officially began. That's when certain discounted items became available, such as the 32-inch Emerson flatscreen TV and the eMachines laptop that each sold for $198. Shoppers queued up for those products hours in advance, holding tickets that guaranteed their purchase of the coveted electronics.



Bottom of the barrel products from bottom of the barrel brands. And people trample each other for it. Sad.

[DemReadingDU]

12. We were driving home in the rain last night

and needed gas. Happened to get off the interstate near a Best Buy. This was appx 7pm

People actually were standing in line with umbrellas getting soaking wet. There were a few tents too, so some people were kept dryer. However, this morning, the temperature had dropped to mid 30's. Brrrr


and welcome to Stock Market Watch!
:hi:

[ozymandius]

13. Oh dear.

That's just sad. My condolences to their pride.

[Dr.Phool]

14. They had a couple on TV that have been camped out in front of Best Buy for a week.

Down in St. Pete.

It's 70 degrees right now. I'm sitting on the lanai, barefoot next to the pool, having coffee. The dogs were chasing squirrels, but now Rosco is running through the house with a rug. I might even jump in the pool later.

Now, get out there and stimulate the economy, and buy me some presents!

[DemReadingDU]

16. I hibernate today

No shopping for me, this has got to be the craziest day of the year.
:crazy:

[Dr.Phool]

18. I may opt-in for blackout Friday.

Go over to Captain Jack's in Tarpon Springs, on the Anclote River, about 5 minutes from the house, sit out on the tiki bar, with the dogs, and get shit-faced. The wife can drive.

[PJPhreak]

19. Freakin Silly Sheeple...

[Ghost Dog]

30. Right on. Thought control. n/t

:hi: :)

[MaineDem]

17. But there was this: Car crashes into Brunswick Walmart

BRUNSWICK – A Colorado woman was transported by ambulance to Maine Medical Center in Portland this afternoon after the Nissan Versa she was driving crashed into the Walmart on Tibbetts Drive, police said in a written news release.

http://www.pressherald.com/news/Car-crashes-into-Brunswick-Walmart.html

So it wasn't entirely Walmart-incident free. But, you're right, no deaths.

[StarburstClock]

34. I feel sorry for the shoppers in the D.C. area, it's people who have 1 shot in their lifetime

to get a crappy laptop or some other item they feel they'll never get another chance to purchase. Putting it bluntly, it's a lot of really really poor people. It looks like 1930s food lines. It shows how poor the U.S. really is, not how stupid.

[Tansy_Gold]

15. G'mornin' Ozy, hamerfan, DRDU!

A big SMW welcome to Systematic Chaos! :hi: Nice sig line; you'll fit right in. :evilgrin:

I haven't done Black Friday for over 25 years. Now I don't even shop. Everyone gets either hand-made gifts or cash in some form or other. Shipping costs are outrageous, sometimes more than the gifts.

Better to do it all year 'round anyway, instead of insanity for a few weeks.

That said, I am off to the studio to work on inventory for this week-end's shows.



TG, NTY

[Hugin]

27. Good morning, Tansy_Gold.

:hangover:

I've opted-in to Dr.Phool's "Blackout Friday" as well... As I have my "Tub", there is little else I require. ;)

[Tansy_Gold]

29. Good afternoon, Hugin

You have your tub, I have my dogs. All's right with the world!

:hi:

[hamerfan]

37. Hi Tansy!

:hi:
Best of luck to you with your shows this weekend!
hamerfan

[Demeter]

20. I was out at 6 AM at Value World

which is a big indoors yard sale, along with a lot of other people, but it was orderly. My neighbor from California got winter coats and pants and wore them home....It's bitter cold today. Windchill of 11, snowflakes drifting by on occasion, black ice all over, and all the doors on the car frozen shut from the total rain yesterday. I don't like the 30-40 degree drops in a day we've been having.

Now after a little breakfast, I'm off again....see you tonight.

[Dr.Phool]

21. The only ice around here is in my Bloody Mary.

:evilgrin: :beer: :evilgrin:

[Ghost Dog]

33. Buying useful stuff at a good price of course makes sense.

And especially, why not, if the quality and condition is good, second hand.

Whatever the date. :dead straight, grim face:

[Demeter]

35. Well, It Was 50% less from 6 AM to Noon

Which means Eddie Bauer winter coat for $7, leather pants, wool, lined pants, etc. And the Kid had her annual Christmas treat, all the dolls and videos she could find (fortunately, not too many dolls...)

I hung drapes for a lady today, the reduction in the drafts and the increased warmth was noticeable...Monday have to do another, if we can figure out how to get a 9 foot long rod....

[DemReadingDU]

22. Quiz: Match the Matt Taibbi Insult to the Public Figure

11/19/10 Match the Matt Taibbi Insult to the Public Figure

Rolling Stone's Matt Taibbi is very good at some things, like ending interviews with flair and explaining credit default swaps to dudes who live in their mom’s basements. But what he is perhaps best known for is his willingness to say Bad Things about Important People in a Colorful Way. This talent is on copious display in his new book, Griftopia: Bubble Machines, Vampire Squids, and the Long Con That Is Breaking America, which is ostensibly about how America is becoming "a vast ghetto in which all of us ... are being bled dry by a relatively tiny oligarchy of extremely clever financial criminals and their castrato henchmen in government" but mostly serves as a 252-page delivery mechanism for ad hominem insults. Below, we've put together a quiz using some of his most vivid descriptions of public figures. See how many you can figure out!

http://nymag.com/daily/intel/2010/11/tktk_insults_quiz.html


Something to do while eating turkey sandwiches, and drinking bloody mary's

[xchrom]

23. thank you for that! nt

[DemReadingDU]

24. Some of those insults

could apply to any, sometimes all, of the people, LOL

[Dr.Phool]

25. Lotta turkeys in there.

[Hugin]

28. Ooo... "castrato" used in a sentence.

"a vast ghetto in which all of us ... are being bled dry by a relatively tiny oligarchy of extremely clever financial criminals and their castrato henchmen in government."

Nice!

Taibbi does have a way with words...

[tclambert]

31. Ooh, a word that makes women giggle and men wince.

[bread_and_roses]

36. yes, i loved it!

it was a word i'd forgotten all about, and is so, so perfect - i plan to appropriate it and use frequently.

[InkAddict]

32. I only got 50% correct...

However, I think I've used insult #10 for each of them at least once...LOL.

[Ghost Dog]

38. Last Minute After Hours Dump

Last Minute After Hours Dump Leaves Investors On Edge Ahead Of "Dual POMO Bail Out Monday"

Earlier we pointed out that today was trending to be one of the lowest volume days in history. A volume surge accompanying a panic dump into the close managed to pull the daily volume just barely higher than last Xmas eve (though still about 60% of last Black Friday). What is more relevant is that just after the market closed, the bottom fell out. ES closed at the lows of the day (contrary to amusing flashing and epilepsy-inducing CNBC "breaking news" propaganda stating just how much better compared to the day's low the S&P was trading at EOD) as the entire world woke up just after 1 pm realizing that Monday has that very deja vu-ish September 15, 2008 aftertaste. Not surprisingly, VIX exploded to the week's highs, well past the Korean war threats, and a 14% move in one day. And, yes, that old backstop gold, pulled a VIX. What is most relevant, is that something big is happening just behind the scenes: ZB volume explodes to 608K, while the CME Ultra Treasury volume of 349K surpasses the prior record of 237k. Monday may just be a very interesting day as faith in the bailout machinery no longer works, and the Fed's two POMOs will mark the point where Brian Sack officially jumps the shark.

/... http://www.zerohedge.com/article/last-minute-after-hours-dump-leaves-investors-edge-ahead-dual-pomo-bail-out-monday

[Festivito]

39. Debt: 11/23/2010 13,797,004,450,927.68 (UP 2,358,707,333.10) (Tue)

(Down a little. Good day.)
Clean up cleaned up.
(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)
= 9,205,377,401,824.96 + 4,591,627,049,102.72
DOWN 22,584,331.05 + UP 2,381,291,664.15

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 311-Million person America.
If every American, man, woman and child puts in $3.22 THAT'S 1B$, and $3,217.84 makes 1T$.
A family of three: Mom, Dad, Child: $9.65, ABOUT TEN BUCKS for a 1B$ 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 310,767,392 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 $44,396.56.
A family of three owes $133,189.69. (And that is IN ADDITION to their mortgage.)

ANALYSIS:
There were 22 reports in the last 30 to 32 days.
The average for the last 22 reports is 5,880,884,487.12.
The average for the last 30 days would be 4,312,648,623.89.
The average for the last 32 days would be 4,043,108,084.90.
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$/day.
There were 251 reports in 365 days of FY2010 averaging 6.58B$ per report, 4.53B$/day.
There were 37 reports in 54 days of FY2011 averaging 6.36B$ per report, 4.36B$/day.
Above line should be okay

PROJECTION:
There are 789 days remaining in this Obama 1st term.
By that time the debt could be between 14.9 and 17.9T$.
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)
11/23/2010 13,797,004,450,927.68 BHO (UP 3,170,127,402,014.60 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 +0,235,381,420,035.90 ------------* * * * * BHO
Endof11 +1,591,004,042,835.25 ------------* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * BHO

LAST FIFTEEN REPORTS OF ADDITIONS TO PUBLIC DEBT(NOT FICA):
11/02/2010 +000,562,237,098.37 ------------********
11/03/2010 -000,042,244,820.71 ----
11/04/2010 +002,136,844,217.63 ------------*********
11/05/2010 -000,209,791,147.70 ---
11/08/2010 -000,059,969,255.93 ---- Mon
11/09/2010 -000,005,858,868.46 -----
11/10/2010 +001,354,516,168.52 ------------*********
11/12/2010 +001,236,686,699.48 ------------*********
11/15/2010 +065,794,144,300.11 ------------********** Mon
11/16/2010 +000,750,562,513.87 ------------********
11/17/2010 +000,670,859,874.97 ------------********
11/18/2010 -002,271,166,541.35 --
11/19/2010 +002,392,756,046.31 ------------*********
11/22/2010 +000,068,056,529.55 ------------******* Mon
11/23/2010 -000,022,584,331.05 ----

72,355,048,483.61 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=4627239&mesg_id=4627283

[Festivito]

40. Debt: 11/24/2010 13,788,289,275,079.99 (DOWN 8,715,175,847.69) (Wed)

(Up a little. Good day.)
I'm in late hours for late hours.
(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)
= 9,205,659,465,052.82 + 4,582,629,810,027.17
UP 282,063,227.86 + DOWN 8,997,239,075.55

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 311-Million person America.
If every American, man, woman and child puts in $3.22 THAT'S 1B$, and $3,217.77 makes 1T$.
A family of three: Mom, Dad, Child: $9.65, ABOUT TEN BUCKS for a 1B$ 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 310,774,592 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 $44,367.49.
A family of three owes $133,102.48. (And that is IN ADDITION to their mortgage.)

ANALYSIS:
There were 23 reports in the last 30 to 33 days.
The average for the last 23 reports is 5,246,273,168.22.
The average for the last 30 days would be 4,022,142,762.30.
The average for the last 33 days would be 3,656,493,420.27.
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$/day.
There were 251 reports in 365 days of FY2010 averaging 6.58B$ per report, 4.53B$/day.
There were 38 reports in 55 days of FY2011 averaging 5.96B$ per report, 4.12B$/day.
Above line should be okay

PROJECTION:
There are 788 days remaining in this Obama 1st term.
By that time the debt could be between 14.9 and 17.9T$.
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)
11/24/2010 13,788,289,275,079.99 BHO (UP 3,161,412,226,166.91 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 +0,226,666,244,188.20 ------------* * * * * BHO
Endof11 +1,504,239,620,521.70 ------------* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * BHO

LAST FIFTEEN REPORTS OF ADDITIONS TO PUBLIC DEBT(NOT FICA):
11/03/2010 -000,042,244,820.71 ----
11/04/2010 +002,136,844,217.63 ------------*********
11/05/2010 -000,209,791,147.70 ---
11/08/2010 -000,059,969,255.93 ---- Mon
11/09/2010 -000,005,858,868.46 -----
11/10/2010 +001,354,516,168.52 ------------*********
11/12/2010 +001,236,686,699.48 ------------*********
11/15/2010 +065,794,144,300.11 ------------********** Mon
11/16/2010 +000,750,562,513.87 ------------********
11/17/2010 +000,670,859,874.97 ------------********
11/18/2010 -002,271,166,541.35 --
11/19/2010 +002,392,756,046.31 ------------*********
11/22/2010 +000,068,056,529.55 ------------******* Mon
11/23/2010 -000,022,584,331.05 ----
11/24/2010 +000,282,063,227.86 ------------********

72,074,874,613.10 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=4629402&mesg_id=4633118