MarketWatch.com - Pre-Market Indications

Friday, June 6, 2008

Marines to begin martial law training in Indianapolis | Daily Newscaster





Under the guise of urban warfare training the 26th Expeditionary Unit an elite group of U.S. Marines will conduct a martial law training exercise at 26 “surrendered” locations in central Indiana from June 4th thru the 17th. While state officials and media are doing their best to assure the public that this military takeover of civilian property is somehow a good thing, ignoring the Posse Comitatus Act which fundamentally prohibits these types of exercises. These two weeks of training are also a contradiction of military tradition against deployments among the civilian population dating back to the end of the Civil War. Why then are the citizens of Indianapolis and six other Indiana towns being made to take part in two weeks of patrols and ambushes?

Local news station WTHR 6 reports, “That in the interest of national security the sights and sounds of war will be brought to Indianapolis.” Why do residents of Indianapolis need to learn the sights and sounds of war? Could it be a conditioning process? Considering that numerous urban training environments which exist within military bases in the U. S. and around the globe the explanation of “a need to train in realistic urban zones” is doubtful. More likely the real purpose is to condition the civilian population and military personnel to living under martial law. Too many this hypotheses may sound farfetched, that is until you realize the plans for martial law and the detention of U.S. citizens have already been made. (Sect. 1042 of the 2007 National Defense Authorization Act (NDAA), “Use of the Armed Forces in Major Public Emergencies,” gives the executive the power to invoke martial law.)

Most Americans are completely unaware of the Continuity of Government Commission created in the fall of 2002 to study and make recommendations for the continuity of government institutions after a catastrophic attack. This commission is made up primarily of professional lobbyists. The plans approved from this commission advocates a constitutional amendment calling for the appointment of individuals to the House of Representatives to fill the seats of dead or incapacitated members, a first in American history. I will say that again: our representative government will cease to exist as individuals to the House of Representatives will be appointed and not elected. An examination of the proposal reveals that it is both unnecessary and dangerous.

Out of the COGC came the National Security Presidential Directive NSPD 51. This directive establishes a comprehensive national policy on the continuity of federal government structures and operations and a single National Continuity Coordinator responsible for coordinating the development and implementation of federal continuity policies. This policy establishes “National Essential Functions,” prescribes continuity requirements for all executive departments and agencies, and provides guidance for state, local, territorial, and tribal governments, and private sector organizations in order to ensure a comprehensive and integrated national continuity program that will enhance the credibility of our national security posture and enable a more rapid and effective response to and recovery from a national emergency.

Therefore it is not much of a leap to conclude that the true purpose of these exercises is to prepare and condition the population and the military to the prospects of martial law. In a San Francisco Chronicle article published this February former U.S. Congressman Dan Hamburg revealed that beginning in 1999, the government had entered into a series of single-bid contracts with Haliburton subsidiary Kellogg, Brown and Root (KBR) to build detention camps at undisclosed locations within the United States. The government has also contracted with several companies to build thousands of railcars; some reportedly equipped with shackles, ostensibly to transport detainees.

Rep. Henry Waxman (R-CA) has complained about these contracts, saying that more taxpayer dollars should not go to taxpayer-gouging Halliburton. “What kind of “new programs” requires the construction and refurbishment of detention facilities in nearly every state of the union with the capacity to house perhaps millions of people?” ask Lewis Seiler and Dan Hamburg.

Disturbingly since 9/11, and seemingly without the notice of most Americans, the federal government has assumed the authority to institute martial law, suspended Habeas Corpus, arrest anyone labeled a dissident (citizen and non-citizen alike), and detain people without legal or constitutional recourse.

It saddens this U.S. Army veteran to see our Armed Forces misused by those who have no respect for our nation’s laws or traditions.

Marines to begin martial law training in Indianapolis | Daily Newscaster

Yesterday's post if you have not seen it:

http://st0ckman.blogspot.com/2008/06/martial-law-around-c0rner.html

NYSE Arca Morning Update - Pre Market Trading

Stock
Thursday's Close Current Price Pct Chng Current NYSE Arca Vol
ISPH

$3.85

$6.71

74%

530,073

NWK

$4.97

$3.71

( 25%)

4,405

10 Most Active stocks on NYSE Arca as of 08:30:00 ET

Based on Dollar Volume: Based on Share Volume:
Stock
Dollar Volume
SPY
$178,775,108
QQQQ
$46,651,577
USO
$17,102,632
IWM
$10,854,010
GLD
$8,007,857
AAPL
$7,971,055
TSL
$6,279,086
TOT
$5,660,645
AZN
$4,931,200
ISPH
$3,724,297
Stock
Share Volume
SPY
1,268,053
QQQQ
921,636
ISPH
530,073
USO
161,715
IWM
141,978
TSL
132,374
AZN
115,000
TMWD
100,096
GLD
91,709
CRBC
89,000


NYSE Arca Morning Update

Opening View: National Semiconductor and Take-Two Interactive Report Earnings

Turning to equities, the banking sector is under fire once again, as The Wall Street Journal reported that National City (NCC: View sentiment for NCCsentiment, chart, options) will be more heavily scrutinized by federal regulators. NCC's banking division has entered a memorandum of understanding with federal regulators, which effectively puts the bank on probation, according to the Journal. The terms of the agreement with the Office of the Comptroller of the Currency are confidential.

Elsewhere in financials, UBS (UBS: View sentiment for UBSsentiment, chart, options) and Credit Suisse (CS: View sentiment for CSsentiment, chart, options) moved lower after Societe Generale downgraded the Swiss banks to "sell" from "hold," saying it expects "hard times" for the banking industry. SocGen said investment banking revenues are likely to fall toward their 2005 level and invested assets in wealth management will be flat through the end of 2009.

In the semiconductor sector, ASM International (ASMI: View sentiment for ASMIsentiment, chart, options) announced that Applied Materials (AMAT: View sentiment for AMATsentiment, chart, options) has made an unsolicited offer of $400 million to $500 million for 2 of the company's units. ASM International's management board and supervisory board will review the proposal.

Turning to earnings, National Semiconductor (NSM: View sentiment for NSMsentiment, chart, options) reported a fourth-quarter net income of $83.2 million, or 34 cents per share, compared with $90.1 million, or 28 cents per share, last year. Revenue was $462 million, up 1% from $455.9 million. Analysts were looking for a profit of 26 cents per share on revenue of $449.7 million.

Finally, controversial video-game manufacturer Take-Two Interactive Software (TTWO: View sentiment for TTWOsentiment, chart, options) reported second-quarter earnings of $98.2 million, or $1.29 per share, compared to a loss of $51.2 million, or 71 cents per share, last year. Excluding charges, the company would have earned $115.4 million, or $1.52 per share. Sales for the period rose 160% to $539.8 million. Analysts were expecting earnings of $1.13 per share on revenue of $499.1 million. Take-Two attributed the gain to the 8.5 million Grand Theft Auto IV units sold through to consumers as of May 31.

Opening View: National Semiconductor and Take-Two Interactive Report Earnings

Pre Market Trading Gaps

Gapping up:

TMWD +46.9%, PARL +17.6%, SORC +9.8%, NSM +8.9%, XJT +7.2%, AGX +4.4%, BUCY +3.0%, TAP +1.3%...

Gapping down:

GENT -25.7%, BE -11.5%, FMCN -9.6%, RYAAY -7.3%, RBS -3.8%, LYG -3.0%, WIN -2.0%, ZQK -1.7%.

Pre Market Trading Gap News

National Semiconductor (NYSE:NSM) is up about 9% on strong earnings.

ExpressJet (NYSE:XJT) is up almost 7% on news that it has extended a contract with Continental (NYSE:CAL).

Bearingpoint (NYSE:BE) is down over 11% after the departure of its CFO.

Focus Media (NASDAQ:FMCN) is off 10% on a weak outlook from management.


Posts from the Before The Bell Category at BloggingStocks

Pre-Market Trading Most Active Stocks - NASDAQ Premarket

NASDAQ - Pre-Market Ten Most Advanced

Active Share Volume Declined

Symbol

Company Name

Market
Close
Last Sale (Pre-Market) % Change
(Pre-Market)
Share
Volume

(Pre-Market)

Inspire Pharmaceuticals, Inc.
$3.85 $7.05 83.12% 48,191

Tumbleweed Communications Corp.
$1.77 $2.62 48.02% 43,725

A-Power Energy Generation Systems, Ltd.
$23.19 $24.92 7.46% 9,840

Palm, Inc.
$7.26 $7.36 1.38% 5,000

Global Industries, Ltd.
$17.30 $17.50 1.16% 5,000

TXCO Resources Inc.
$11.44 $11.54 0.87% 3,500

Intel Corporation
$23.87 $24.07 0.84% 11,585

JA Solar Holdings, Co., Ltd.
$21.48 $21.65 0.79% 3,760

Evergreen Solar, Inc.
$9.90 $9.95 0.51% 7,750

Apple Inc.
$189.43 $190.01 0.31% 56,510

As of 6/6/2008 8:09:53 AM

NASDAQ - Pre-Market Ten Most Declined

Active Share Volume Advanced

Symbol

Company Name

Market
Close
Last Sale (Pre-Market) % Change
(Pre-Market)
Share
Volume

(Pre-Market)

Focus Media Holding Limited
$36.79 $33.25 9.62% 14,789

VCG Holding Corporation
$4.59 $4.18 8.93% 3,100

Ryanair Holdings plc
$31.83 $29.50 7.32% 3,988

Quantum Fuel Systems Technologies Worldwide, Inc.
$2.91 $2.75 5.50% 6,200

Citizens Republic Bancorp, Inc.
$4.39 $4.30 2.05% 49,400

PrivateBancorp, Inc.
$35.21 $34.53 1.93% 7,700

Randgold Resources Limited
$43.39 $42.59 1.84% 27,700

Solarfun Power Holdings Co., Ltd.
$22.16 $22.01 0.68% 16,220

ASML Holding N.V.
$29.20 $29.01 0.65% 14,000

Research in Motion Limited
$135.59 $134.80 0.58% 14,592

As of 6/6/2008 8:09:34 AM



isph : Inspire Pharma meets primary endpoint in phase 3 trial with denufosol for cystic fibrosis - Quick Facts

tmwd : Sopra Group to acquire all outstanding Tumbleweed (TMWD) stock in cash at $2.70 per share

Pre-Market Most Active Stocks - NASDAQ Premarket



Pre Market Movers - Futures Trading - Nasdaq - NYSE

Subscribe to "The $t0ckman" via email

Enter your email address:

Delivered by FeedBurner