 Welcome folks, this is Tom O'Brien of TFNN. We have five days a week, we go 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 so everyone's having a great day, safe day, make a great night folks. Cultivate wisdom. You don't need to accumulate knowledge to become wise. Anyone can become wise. When you become wise, you respect your body, you respect your mind, and you respect your soul. When you become wise, your life is controlled by your heart, not your head. Mockin' wise, let's take a look at it out here. We have the Dow Industries up 65, Nasdaq up three, S&P's down one and a half. Gold contract up $6.50 straight at 16.79 an ounce. We have Silver down 49 cents, $18.99 an ounce. Light Sweet Crude off $2.17, $87.19 a barrel, notes and bonds. A 10-year note, up 8 ticks, trade in 111.12, the 30-year up 10, at 124.31, and King Dollar. King Dollar's up 87 ticks, trade in 113.03. The Euro is at 96, the Yen is at 146, and the British Pound is at 110 to 1 US Dollar. iPhone numbers 877, 9276648, give us a call folks. We'll know what's goin' on in y'all world, and the world of the S&P's, let's take a look at them. Well, let's take a look at the futures first. You've been in a consolidation all day long, each time it tries to get up to higher price, it's sold down, and you can see it's been a tight consolidation. We haven't been in a consolidation like this for a while. Bottom line that overnight you had a high out there is $36.35, but since the market's been open, it's really like $36.20 down to approximately $36.92. That's still 30 points, but it's interesting, it's 30 points, but it feels like it's like a small consolidation compared to where we're in. That's how this is shakin' out. That's in your E-mini. So if we take a look at the NQs, same type of setup inside the NQs, inside the NQs out here, you can see this consolidation, they kinda get it down, but guess what, it's not goin' up either. So the top of this consolidation has been approximately the 10,925 into that load out there of the 10,805. Now, if we, that being said, okay, the bottom line is that you get tremendously light volume here, okay, so the real question's gonna be, are you gonna find buyers? A buyer's gonna come into this and try to jack it up. It doesn't look to me like that's gonna happen today, you know, we're goin' to the gold contract, we take a look at the gold contract, gold contract down 650. Now you had another contraction of volume, so it went lower today, it rejected 16,68. The low of yesterday, let's see what this was. So yesterday we did 172,000 contracts, lower 16,67. Today, 124, lower 16,68. You know, so that's saying gold won't end, by the way, both of those are going against 215,000. So, you know, now let's go to the spy. This is still saying the market wants to bounce. The real question's gonna be, are there gonna be any buyers that come in? And the Fed, so the Fed minutes come out, folks. And when you take a look at these Fed minutes, it looks to me that, but the bottom line is that, they commit, okay, the Federal Reserve committed to raising rates to a restricted level in the interim, holding them there for curb inflation. Several participants noted, particularly in the highly uncertain global economic and financial environment, it would be important to calibrate the pace of further tightening with the aim of mitigating the risk of significant adverse effects on the economic outlook. So, during the meeting, US Central Bank has agreed to boost benchmark lending, 75 basis points for the third time, lifting the target rate to 3.25, and bottom line is that what they're gonna try to do here with 3.25, and they want this thing close to, there it is right there, they want this at 4.4 by the end of the year. So, and when you do the numbers on that, if you get, let's say we take the top end of it, that really is saying that, okay, 75 basis points comes in at the November, I think it's November 2nd meeting, and then on the December meeting, let's say, meetings, calendar. So, you have, yeah, November 2nd, bottom line probably 75 basis, December 14th, 50 basis, that gets you where they wanna go. And the bottom line is that restrictive wise, and the squeeze, what they're saying in those notes do not correspond to what's going on in the markets nor in what basically the rate structure of the dollar is basically doing to not only our economy, our economy's everywhere, that will throw many people out of jobs, that's the bottom line. So, that's where they're gonna have to balance this thing, we'll find out whether they wanna balance it or not, or they're just gonna go for the whole chicken caboodle. So, you know, and I think a lot of this right now is gonna continge on the aspect of you and I, and the market in general, as to how we perceive how they are gonna continue to go forward, that's what it really comes down to. And, of course, not continue to go over, that's not a fundamental basis, on a reality basis it's gonna come down to the point, you know, the faster the rate structure goes up, the more folks that they're gonna be in trouble. And it's not gonna be, what happens with all of these folks, it's not really you and I, it's always large funds, sovereigns, pension funds that get in trouble. And, you know, like you had the theory like the Reagan economics, everything comes down, well, the bottom line is that when you have these huge events, the bottom line, it hits everyone and it hits everyone really quick. So, you know, we'll see where the whole thing shakes out. What's gonna be intriguing, of course, if we go over to London, is that, you know, that Bailey, he's claiming that by Friday, they're gonna clean up their balance sheets. Well, we'll see what happens there and we'll see exactly what that brings on to the marketplace. Dow industry is up 69 right now and as it's up six, S&P's a flat, stay right there folks, I'm right back.