Bailing Out The Kabulbank

....Yet U.S. officials worry at the same that its woes and the government-financed bailout, brought on by allegations of corruption and insider dealing, will set back faltering Western efforts to restore confidence in President Karzai's administration, a pillar of the allied strategy for defeating the Taliban.

full report:

http://online.wsj.com/article/SB10001424052748704095704575473650615414666.html?mod=WSJ_hps_LEFTTopStories

60' SPY & Sentiment Indicators

The chart below plots the 60’ price structure of the S&P 500 ETF SPY. After having gapped up above resistance, following a better than expected U.S. jobs report, it managed to close at the days high, despite the negative divergence in place. The next resistance is located at around 112.3, where the August Gap would be closed. Despite the strong advances of the past week, bearish sentiment remains relatively high. This could be a positive event for equity markets in the beginning of the week.

Last Weeks AAII Investors Sentiment Readings:

Bullish: 30.8 % Bearish: 42.2 % Neutral: 27.0 %