 Welcome folks, this is Tom O'Brien of TFNN. We got five days a week, we got seven hours a day, we go 24 hours a day on the internet at TFNN.com. Always remember folks, whatever you think about, you bring about whatever. You focus on growth, hope everyone's having a great day, safe day, let's make it a great night folks. Except others the way they are. You cannot change other people, just trying to change them to fit what you want them to be is like trying to change a dog into a cat, a cat into a horse. They are what they are and you are what you are. Not good wise, let's take a look at it out here. We have the Dow Industrial's up 104, Nasdaq's up 149, SAP's up 34. Gold, Gold contract down $6.40, trading at 19.10 an ounce. We have Silver up 3 cents, $21.95 an ounce. Light Sweet Crew down $3.82 cents, $70.97 a barrel. Notes and bonds, a 10-year note. Down 26 ticks, trading 113.26, the 30-year, full point plus 26 at 129.29 and $king dollar. King dollar's up 25 ticks, trading 103.618. The Euro's at 107, the Yen's at 134 and the British pound is at 121 to one US dollar. iPhone numbers 877, 927.6648, give us a call folks. Want to know what's going on in your world and the world of ESMPs, let's take a look at them. We'll get into the futures because the futures want to go after this high volume swing low that we just got 30 minutes ago, 40 minutes ago and it's going to be intriguing because if you break it, it's going to go all the way down to the bottom of it. So right now, we had a high in the ESMPs out here today folks of 39.72, so we've already just given up 50 points, 50 ESMP points. That being said, bottom line, you can give it all up. What is going after right now is going to be this 39.11. If you get volume on 39.11, then see you don't want to be or you can go right down to the very end. So let's see what we're at here. You got, so we're going to start another bar in one minute and this bar here, the bar that we're going to go into has 44,000 contracts coming up here. We are at 29 right now, but as I said, this is where this always gets dangerous, man. If you go right, if we're going to start this bar right at it, well, look at it. It's going right after it right now, man. Okay, hold it. There it is. Hey, you love baggas, man. This is crazy. Okay, so we just banged it. We just hit it. Now the question's going to be, there's no way that it's going to do that many volume. Well, no, hold it one second. Let's see, what do we got? 34, oh my God, that was quick. Hey, we'll find out. You got, I don't have a second clock on this. So we'll see how this shakes out, man. But now, if you close, so right now, what is that number? That's 39, 13. We just hit it, and okay, so it's not another one. Okay, it's not another one of 14. You start going south here, folks, then it's, see, you don't want to be here. Because then what you could do, you could go all the way down, and this would be a total mindblower. We could go down to 38, 85, which was the low of today. Yeah, that's what happens in bear markets. That's the bottom line. NQs, we go over to the NQ. We take a look at the NQ out here. There she is, okay. So we take a look at the NQ. It's going to be the same setup. Pull this back, okay. So what the NQ just did, NQ just broke it. That number there on the NQ was 12,192. You're 10 points below it now. You had the expansion of volume. You're into the 12,203. Hey, this thing can go all the way down to the bottom now. Pretty amazing. Get a love bear markets, man. I mean, they're just so wild. It's unbelievable. Gold, we go into the gold contract. We take a look at the gold contract. What do we have with the gold contract? It's holding up well. Back, really sideways move with light volume. Yesterday, I think we did 300 and something thousand contracts. Let's see what we have here. So yesterday, 452,000 contracts. And today, we only got 245 on the back down. And if we go to King Dala, we take a look at King Dala. You have sideways move with King Dala out here today. It's up 16 ticks, but it's really not holding price. So we'll see where this whole thing shakes out. Now check this out. This is, I don't know if it's an epiphany last night, folks, but you know the bailout? I don't think the bailout, here, check this out. This is my take on this bailout. About 9.30 last night, you're doing mental calisthenics, and if you're in this business, you do that all the time. And I stopped figuring it out. And here, this is my take on it. OK. So Silicon Bank, we know that they had a bad trade. So the bad trade is the treasuries. So they bought the treasuries. Bank buys the treasuries. The treasuries turn negative for the bank in a monster way. The bank goes bankrupt, right? OK. The Fed says the treasuries are worth 100 cents on the Dala. When we know that the Fed treasuries are not worth 100 cents on the Dala, the treasuries, at that particular point, the 80 cents on the Dala, right? The Fed comes in and says, OK, even though you have 80 cents on the Dala, we're going to lend you 100 cents on the Dala. My take on this, folks, is that the Fed was actually not saving the bank. The Fed is saving the treasury market. So picture this. Picture how many banks have the treasuries on their books that are in losses for billions and billions of dollars. We know we're in the fiat system. And the fiat system basically is like a, you know, it's not a fake system, because it's a system. But basically, it's a system that the Fed could do wherever they want to do. And this is a typical example of something being worth X. And the Fed's saying, well, in the market that's X, but we're going to make it worth X plus Fed. And I think that is the bigger issue. I think that's the bigger issue. And when you put it together, it's telling me that I bet they were shaking in their boots beyond belief, because the deal would be all these banks that have treasuries, you know, and of course, we know that because we've had so much debt, it's like if some people stop buying our debt, OK, what do you do? So the regulation itself is a regulation to keep our treasury market up, because the regulation itself, OK, is saying it's like me and you. Can you imagine? You trade something, and it's worth 80 cents, but then, you know, they'll say, oh, you have 100 cents on it. It's not even it's not even real. So that's where we're at. And it's it's amazing, man. Dow, Dow, and it just gave it up. This whole, this market's going to pull all the way back. It'll probably go red before I'm off the air. Dow industrials right now, up three. Nasdaq's now up 104. S&P's are up 19. Stay right there. We'll come right back.