Weekly Watch List

ULTA (11/13/11, -6.65%)
ALXN (7/24/11, +8.71%)
MA (9/24/11, +6.94%)
DLTR (9/4/11, +6.67%)
RGLD (10/30/11, +5.35%)
HANS (10/16/11, -3.56%)
NUS (8/28/11, +22.02%)
DG (9/4/11, +10.12%)
CXO (10/30/11, -4.61%)

Additions:
None

Subtractions:
None

Last week, the major indexes took a dive. The Dow lost 2.1%, the S&P 500 gave up 3.8%, the NYSE composite fell 3.9%, and the Nasdaq dropped 4%. The mounting downward pressure culminated on Thursday to break the uptrend’s back and roll the IBD outlook over to “market in correction”. Don’t make new purchases, consider taking profits on any winners, don’t let profits turn into losses, and never take a loss of more than 7-8% on any stock. Between Europe and the worthless “Super Committee”, the probability of more bad news is high. Hunker down and wait for the next uptrend.

With the market in correction, none of the watch list stocks can be considered as buy candidates.

/as usual, your mileage may vary, always do your own homework

It’s The Jihad, Stupid

Oh look, it’s yet another Muslim spreading Islam’s message of peace and tolerance.

NYC Arrests Terror Suspect Accused of Plotting to Bomb Police Cars

An al-Qaida sympathizer who plotted to bomb NYPD patrol cars and postal facilities and envisioned targeting U.S. soldiers returning home from overseas has been arrested, officials said.

Mayor Bloomberg, Police Commissioner Ray Kelly and Manhattan District Attorney Cyrus Vance Jr. announced the arrest of Jose Pimentel, 27, Sunday evening at City Hall.

Bloomberg said Pimentel, of Washington Heights, was “inspired by al-Qaida propaganda” but not part of any larger group and was not believed to be working with others. He was also “motivated by his own resentment of the presence of American troops in Iraq and Afghanistan,” Bloomberg said.

. . .

Pimentel, also known as Muhammad Yusuf, was denied bail and remained in custody.

See also:
Latino al-Qaida Sympathizer Accused of NYC Bomb Plot
Bloomberg: NYPD thwarts al Qaeda-inspired terror plot
The Charges Against Jose Pimentel, and Details from the Investigation
N.Y. Man Charged in Terror Plot After FBI Said to Decline Case
NYC terror suspect was building test bomb
Mayor Bloomberg On Foiled NYC Terror Plot: “Sick People” Want To Take Others’ Freedoms
Jose Pimentel’s Arrest a Timely Reminder That Terror Threat Is Still Very Real
Awlaki killing was trigger for NYC plot suspect
Terror plot shows al-Awlaki’s influence lives on after death
New York City bomb plot suspect a ‘total lone wolf’
Mother of Bomb Plot Suspect Apologizes to NYers
‘I apologise to the city of New York’: Catholic mother says sorry for Muslim convert son ‘who was one hour from finishing DIY bomb’
NYC Bomb Plot
Jose Pimentel: Terror Suspect Arrested

It’s amazing how the authorities keep foiling these jihadi plots and that there hasn’t been a successful mass casualty terrorist attack on American soil since 9/11. It’s not like there aren’t plenty of disgruntled Muslims willing to give it a try.

/are we good or just lucky?

A Preview Of Coming Attractions

So much for Homeland Security. From Russia, without love, hitting us where it really hurts.

Foreign hackers targeted U.S. water plant in apparent malicious cyber attack, expert says

Foreign hackers caused a pump at an Illinois water plant to fail last week, according to a preliminary state report. Experts said the cyber-attack, if confirmed, would be the first known to have damaged one of the systems that supply Americans with water, electricity and other essentials of modern life.

Companies and government agencies that rely on the Internet have for years been routine targets of hackers, but most incidents have resulted from attempts to steal information or interrupt the functioning of Web sites. The incident in Springfield, Ill., would mark a departure because it apparently caused physical destruction.

See also:
Was U.S. water utility hacked last week?
Foreign cyber attack hits US infrastructure: expert
Illinois Water Utility Pump Destroyed After Hack
H(ackers)2O: Attack on City Water Station Destroys Pump
Cyberattack investigation centers on Curran-Gardner water pump
Feds investigating whether Illinois “pump failure” was cyber attack
Broken water pump in Illinois caused by cyber-attack from Russia, claims expert, but DOH denies terrorism
Cyberattack on Illinois water utility may confirm Stuxnet warnings
Water utility hackers destroy pump, expert says
UPDATE 3-U.S. probes cyber attack on water system

The SCADA vulnerabilities to a remote attack have been known for years. The solution is real simple, DON’T CONNECT YOUR CRITICAL INFRASTRUCTURE TO THE INTERNET!

/how hard is that, is it going to take a disaster for us to learn this basic lesson?

Delivering Death In 30 Minutes Or Less

Unlike the disastrous HTV-2 program, it looks like DoD got this one right.

US tests hypersonic weapon which can hit any target on earth in 30 mins

The US military successfully conducted the first test flight of the Advanced Hypersonic Weapon (AHW) concept.

In a statement issued by the US Department of Defence, the AHW is a first-of-its-kind glide vehicle, designed to fly long range within the earth’s atmosphere at hypersonic speed.

The hypersonic flying missile travels five times the speed of sound and is rumoured to gain up to mach 20 speeds. More impressively, it can strike a target in any location on Earth in just 30 minutes.

See also:
U.S. Army tests hypersonic weapon that travels five times the speed of sound… and can hit ANY target on earth in 30mins
America tests new hypersonic missile
Hypersonic bomb: One-hour delivery?
U.S. missile hits its target 2,300 miles away at 5 times the speed of sound
Hypersonic weapon flies 2,400 miles at Mach 8 without crashing
US army test flies advanced hypersonic weapon
Space and Missile Defense Command tests hypersonic glider for possible use as conventional weapon
Army Successfully Tests Hypersonic Missile
Hypersonic weapon tested by US Army
When you absolutely have to get there fast (and bomb something)
Matt Gurney: Even when broke, America can find cool ways to kill you
Advanced Hypersonic Weapon (AHW)

The problem with a lot of high value targets (HVTs) is the time gap between pinpointing their location and the ability to bring ordinance to bear. Hypersonic, kinetic kill vehicles would narrow that gap considerably, minimizing the chances that the target could move and escape before it can be hit.

/fewer lost opportunities, more dead evil doers

Fifteen Trillion In The Hole And Counting

Everybody knew we were going to have to increase our debt, you can’t solve a problem this big overnight or turn around this much government spending on a dime. However, the inexplicable and incredibly shameful reality is, the Washington criminal enterprise gang that is Congress and Obama still haven’t cut anything yet. In fact, they’re still increasing spending.

Debt Clock Strikes $15 Trillion

With the deadline on the Super Committee looming, the Treasury Department said on Wednesday the U.S. national debt crept over the $15 trillion threshold this week, providing a fresh reminder of the unsustainable amount of borrowing on the government’s bloated balance sheet.

See also:
Federal debt tops $15 trillion
National debt crosses $15 trillion mark
U.S. debt passes $15 trillion milestone… and it just keeps getting worse
National Debt Hits $15 Trillion Mark as Super Committee Flounders
US debt hits £15 trillion as cut-off looms
The $15 Trillion Super Circus
Deficit committee locked in budget stalemate
At $15 trillion in debt
GOP pounces as national debt tops $15 trillion
IN HIS OWN WORDS: Republicans SLAM Obama For Allowing The National Debt To Break $15 Trillion
U.S. National Debt Clock

Th primary obstacle to getting our fiscal house in order is that Democrats flatly refuse to cut anything. They’re bizarre notion of “cutting spending” is to cut the rate of future spending increases. How insane is that? It’s a grim milestone and if Democrats don’t accept the obvious financial reality, and soon, our creditors and the markets will force draconian austerity on all of us. This isn’t Greece, is this Greece?

/vote Republican in 2012, adult swim, get the Democrat children out of the pool

Fifteen Tons Of Fun

Gee, I wonder what these might be for.

B-2 Bomber Gets Boeing’s New 30,000-Pound Bunker-Buster Bomb

The U.S. Air Force has taken delivery of a new 30,000-pound bomb from Boeing Co. (BA) that’s capable of penetrating deeply buried enemy targets.

The huge bunker buster, dubbed the Massive Ordnance Penetrator, is built to fit the B-2 stealth bomber. The Air Force Global Strike Command started receiving the bombs in September, Air Force spokesman Lieutenant Colonel Jack Miller said in a short statement to Bloomberg News.

The deliveries “will meet requirements for the current operational need,” he said.

See also:
Air Force gets super bombs to attack Iran?
Weighing in at 30,000 pounds, a new bomb for US
Pentagon’s New Bunker Busters Not for Iran or ‘Any One Country’
Pentagon Receives Massive Bunker-Busting Bombs, Denies Targeting Iran
Pentagon denies bunker-busting bomb is intended for IranPentagon: Bunker buster not intended for Iran
New bunker-busting bomb not targeted at Iran : Pentagon
B-2 Bomber Gets Boeing’s New 30,000-Pound Bunker-Buster Bomb
US reveals its new bunker-buster bombs
US stealth bombers finally get nuke-nobbling super bomb
The Solution to the Iranian Threat – Bunker Busting Bomb

If the MOP isn’t intended for Iran, what could it possibly be intended for?

/*wink wink, nudge nudge*

Duqu Shoots, It Scores!

Duqu goes in where Stuxnet has been . . .

Iran claims defence computer systems hit by another ‘supervirus’

Anti-virus experts last month identified a virus called “Duqu” that they said shared properties with the now famous “Stuxnet” worm, which spread across the world but is thought to have been successfully targeted at the nuclear programme’s centrifuges, the devices that enrich uranium to create nuclear fuel.

It was not clear on Monday from the Iranian statement whether Duqu had also struck nuclear facilities, but it was the first admission of damage.

“We are in the initial phase of fighting the Duqu virus,” Gholamreza Jalali, the head of Iran’s civil defence programme, said. “The final report which says which organisations the virus has spread to and what its impacts are has not been completed yet.

See also:
Iran Working to Control Duqu Virus Attack
Iran detects Duqu virus in system
Duqu Virus Detected in Iran
Iran says has detected Duqu computer virus
Iran finds Duqu-infected systems
Duqu infiltrates Iranian networks
Iran admits Duqu attack; denies report its nukes are for war, not power
Iran detects Duqu infections
Iran wrestles Duqu malware infestation
Security researcher says Iran to blame for its own Duqu infections
Iran claims Duqu virus aimed at sabotaging its nuclear sites
‘Duqu virus aiming at Iran’s nuclear sites’
Iranians say nuke project hit by new computer virus
Iran produces antivirus software against new worm
Iran Develops Software to Thwart Duqu Virus Attack
‘Iran can thwart Duqu spyware’
Iran says Duqu malware under ‘control’
Iran says it has ‘controlled’ Duqu malware attack
Beyond Stuxnet

Duqu is the, arguably more sophisticated, follow on to Stuxnet, which took control of Iranian uranium enrichment centrifuges and spun them at speeds well beyond their design capability until they failed. Stuxnet was an offensive weapon. Unlike Stuxnet, Duqu is, at least so far, strictly a reconnaissance tool, gathering and reporting back information on systems related to Iran’s nuclear program, preparing the battlespace as a prelude to a future attack if you will. Whether the next attack will be another
Stuxnet like cyberstrike or physically digging in the Iranian dirt is a layman’s guess. One thing’s for sure, the next attack on Iran’s nuclear program is coming and Iran won’t be able to stop it.

Iran claims to have thwarted Duqu but, then again, they said the same thing about Stuxnet and Stuxnet blew out their centrifuges. Anyway, if Iran is just now admitting that they’ve been infected by Duqu, Duqu may have already accomplished its reconnaissance mission and gone dormant. Whatever information Iran releases publicly is pretty much a lie, propaganda, you can safely assume that whenever they acknowledge their nuclear program has been compromised, the damage is much worse than they’re letting on.

And remember, whether it’s another cyberattack or airstrikes against Iranian nuclear facilities, all it does is buy us time. Stuxnet set the Iranians back, but it didn’t deter them. Destroying some of their nuclear facilities won’t deter them either, in fact, it’ll probably make them even more defiant. The only endgame that will bring closure is regime change. And think about it, if we do that, we’ve just resolved 70+% of the world’s instability problems.

/my vote is for a comprehensive, all hands on deck, leave no stone unturned, decapitation campaign, Mullahs and the Republican Guard gots to live and work somewhere and I bet we have the GPS coordinates