FINANCIALS
The December Treasury Bonds and December Treasury Notes should continue to weaken as the new banking plan is expected to cause interest rates to rise. In order to attract investors to buy the bonds to finance the new banking plan, investors will be asking for asking for higher rates. This was reflected in last week’s sell off. There may be a short covering rally, but this rally should be treated as a shorting opportunity.

EQUITIES
Global equity traders are trading tentatively this morning. Parts of the financial community do not like the new trading rules so trading may be volatile and choppy because of thin conditions. The inability to short the financial stocks has created an artificial rally. This rally is likely to continue until at least October 2 when the shorting ban expires, but subject to wild swings. Trading could be dangerous on both side of the market today.

CURRENCIES
The Dollar should get punished as the banking bailout and the flooding of the system with cash is not bullish activity. The uncertainty about the Fed’s plan to rescue the banking system is still an issue. Traders are favouring all currencies but the U.S. for safety reasons. Uncertainty and instability combined with the huge amount of shorts in the futures contracts should help rally the currencies today.

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DISCLAIMER: Futures and options trading involves substantial risk of loss and is not suitable for every investor. The valuation of futures and options may fluctuate, and, as a result, clients may lose more than their original investment. The impact of seasonal and geopolitical events is already factored into market prices. Prices in the underlying cash or physical markets do not necessarily move in tandem with futures and options prices. In no event should the content of this correspondence be construed as an express or implied promise, guarantee or implication by or from Brewer Futures Group, LLC, Brewer Investment Group, LLC, or their subsidiaries and affiliates that you will profit or that losses can or will be limited in any manner whatsoever. Loss-limiting strategies such as stop loss orders may not be effective because market conditions may make it impossible to execute such orders. Likewise, strategies using combinations of options and/or futures positions such as "spread" or "straddle" trades may be just as risky as simple long and short positions. Past results are no indication of future performance.

Information provided in this correspondence is intended solely for informational purposes and is obtained from sources believed to be reliable. Information is in no way guaranteed. No guarantee of any kind is implied or possible where projections of future conditions are attempted.