Governor Christie Not Running for President

Shawshank, VA 10/4/2011 (PennyPayDay) – New Jersey Gov. Chris Christie will not run for president, according to a source with direct knowledge of the governor’s thinking.

By deciding not to run Christie is refusing the pleas of many establishment Republicans who have been urging him — even pleading with him to jump into the race. Dozens of high-level GOP donors have been paying visits to Christie since this spring in the hopes of changing his mind.

But the governor spent months saying the same thing in myriad ways: “no.”
Earlier this year in an interview with ABC News’ Diane Sawyer, Christie said he was categorically not running for president.

“You don’t make a decision to run for president of the United States based on impulse. I don’t feel ready in my heart to be president,” he told Sawyer in April. “Unless I do, I don’t have any right offering myself to the people of this country. It’s much too big a job. And so you have to first feel in your heart that you’re ready and that you want it more than anything else.”

And just a few months earlier, during a speech in Washington, DC, Christie put an even finer point on it.

“What do I have to do short of suicide to convince people I’m not running?” he asked. “You have to believe in your heart soul and mind that you’re ready. And I don’t believe that in myself right now.”

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Tuesday's Promo Stocks: (OTC:LOGL) and (OTC:BHRT)

Shawshank, VA 10/4/2011 (PennyPayDay) – Tuesday’s smallcap stocks under e-mail promotion campaigns are as follows: Legend Oil and Gas (OTC:LOGL) and Bioheart, Inc. (OTC:BHRT).

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Markets Down on Greece Fears

Nokomis, WI 10/4/2011 (PennyPayDay) – Stock index futures fell on Tuesday, a day after equities hit 13-month lows, on increased worries about a major banking crisis in Europe and expectations Greece would default soon.

* Wall Street has fallen for the past two sessions and the broad S&P 500 index was on the verge of entering bear market territory.

* The STOXX Europe 600 Banking Index (^SX7P - News) sank 4 percent on Tuesday while Franco-Belgian bank Dexia (Brussels:DEXI.BR - News) plummeted 17 percent to a record low because of its Greek exposure. European shares tumbled 2.6 percent. (^EU - News)

* U.S. banks were likely to remain in focus and continue to be pressured by the same issue. On Monday, Morgan Stanley (NYSE:MS - News) closed at its lowest since December 2008.

* European finance ministers were considering making banks take bigger losses on Greek debt and delayed a vital aid payment to Athens until mid-November, setting up a crunch point in the region's sovereign debt crisis.

* S&P 500 futures fell 6.4 points and were below fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures sank 81 points, and Nasdaq 100 futures lost 11.5 points.

* The benchmark S&P is down 19.4 percent and near bear market territory, which would be a 20 percent decline from its recent high set on April 29.

* Later Tuesday, U.S. Federal Reserve Chairman Ben Bernanke will testify before the Joint Economic Committee in Washington on the economic outlook.

* Data on durable goods and factory orders, both for August, will also be released at 10 a.m. EDT.

* Fast food chain operator Yum! Brands Inc (NYSE:YUM - News) is on tap to report quarterly results.

* Apple Inc (NasdaqGS:AAPL - News) is expected to unveil a new version of its popular iPhone, hoping to fend off hard-charging rivals running Google Inc's (NasdaqGS:GOOG - News) Android system.

* The Dow and S&P dropped more than 2 percent on Monday, slumping to 13-month lows in heavy volume on fears Greece's debt woes could spark a full-blown banking crisis in Europe. The Nasdaq fell more than 3 percent.

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3 Things to Consider While Trading Today

Nokomis, WI 10/4/2011 (PennyPayDay) – THE DAY AHEAD

October 4

*Stocks were generally lower in Asian trade. The Hang Seng was among the worst with a decline of 3.4%, the Nikkei lost one percent and Australia fell two thirds of a percent; Shanghai was closed for a holiday. European indexes are under pressure this morning, with the Dax off by about three and three quarters percent and the Footsie is down by more than three percent. US stock futures are down about two percent from the cash market close, as I write.

*The Reserve Bank of Australia left their key cash rate target unchanged at 4.75%, as expected, and left the door open for a rate cut in the near future.

*The meeting of European FinMins in Luxembourg ended without a decision on delivering the next tranche of aid to Greece. The ministers were complimentary to the efforts that Greece was making and Finland seems to have struck a deal on its demand for collateral, but since Greece has the money to fund itself until the second week of November they didn’t see a need to come to a decision on the aid package.

*The weekly report on chain store sales from ICSC showed an increase of 0.1% on a week on week basis for the week ended October 1, but sales were up 3.7% from the comparable week a year ago. The Johnson Redbook report on the same thing is due out at 7:55am CDT.

*The August reading of Factory Orders is due out at 9:00am CDT, it is expected to be unchanged from the month before.

*Fed chairman Bernanke is set to testify before the Joint Economic Committee at 9:00am CDT.

*The Fed is scheduled to buy Treasuries today that are due to mature between 11/15/19 and 8/15/21; the results of the operation will be announced just after 10:00am CDT.

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StrikeForce Tech (OTC:SFOR) CEO Interviewed by Internet Stock Review

Oxford, MS 10/4/2011 (PennyPayDay) – StrikeForce Technologies' (OTC:SFOR) CEO, Mark Kay, interviewed by the Internet Security Stock Review, discusses the company's revenue model, new business pipeline and discusses some recent business successes.

Internet Security Stock Review's chief analyst, Roland Rick Perry, has previously issued a report on StrikeForce Technologies which lays out the business environment in which online security companies are operating, and details the tremendous opportunity for those companies in their sector. In this interview he discusses the progress that StrikeForce has recently made in bringing on new clients, and details the size and scope of the revenue possibilities from these new clients.

"StrikeForce Technologies has made tremendous progress in recent weeks, developing new clients and developing a high quality revenue stream for the company," commented Mr. Perry.

Mark Kay, StrikeForce Technologies CEO, said, "In this interview we were able to lay out how our software design allows us to book both immediate and recurring revenue, especially from financial and healthcare institutions whose regulatory environment is compelling them to use our Out-of-Band Authentication product -- ProtectID® and who are also prudently incorporating our GuardedID® encryption product into their solutions."

StrikeForce Technologies helps to prevent online identity theft and data security breaches for consumers, corporations, and government agencies. It provides powerful two-factor, 'Out-of-Band' authentication and keystroke encryption solutions.

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Oil Down to Near $76 a Barrel

Oxford, MS 10/4/2011 (PennyPayDay) – Oil fell to near $76 a barrel Tuesday in Asia as fears intensified that Greece may not be able to crawl out from beneath a mountain of debt without defaulting.

Benchmark crude for November delivery was down $1.54 to $76.08 per barrel at late afternoon Bangkok time in electronic trading on the New York Mercantile Exchange -- its lowest since late September 2010. Benchmark crude fell $1.59, or 2 percent, to close at $77.61 per barrel in New York on Monday.

In London, Brent crude fell $1.05 to $100.64 on the ICE Futures Exchange.

Investor concerns about Greece were heightened when the debt-strapped country said over the weekend it will miss its lower budget deficit targets even after severe cost-cutting. Despite the shortcoming, Europe pledged to loan Greece money to help pay its upcoming bills, but that failed to reassure stock and commodity markets.

Without more financial aid, Greece says it will start running out of money in two weeks. A Greek default could spread to nearby countries and possibly trigger widespread banking problems. That would hamper world energy demand as lending slows and businesses cut spending.

"We have been mired in Greece since the second or third week of July and it has been a topic of conversation in every week or every other week since then," analysts at Cameron Hanover said in a report.

"Germany's parliament last week ratified an aid package agreed upon in July, but prices weakened as the week wore on as investors realized that last week's vote was just the beginning."

Oil fell along with broad declines on global stock markets. On Wall Street, the Dow Jones industrial average, the S&P 500 and the Nasdaq composite were each down about 2 percent. In Asia, benchmarks in Japan, Hong Kong and South Korea were also sharply down.

Meanwhile, manufacturing surveys out of China pointed to muted activity in September as prices for raw materials rose. One survey suggested manufacturing was stagnant, while another showed slight improvement. Both were disappointments for oil analysts and traders, since China is the second largest oil consumer in the world behind the U.S.

"The deterioration in global manufacturing ... supports our view that underlying demand for commodities is weakening," researchers at Capital Economics said. "We expect the prices of oil and industrial metals in particular to fall a lot further."

In other Nymex trading Tuesday, heating oil fell 1.5 cents to $2.74 per gallon. Gasoline futures fell 1.2 cents to $2.50 a gallon. Natural gas was down 0.4 cent at $3.61 per 1,000 cubic feet.

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New iPhone Expected Today from Apple

Tomahawk, WI 10/4/2011 (PennyPayDay) – Apple Inc. is unveiling a new, more powerful version of its wildly popular smartphone -- more than a year after it launched the iPhone 4.

Last week, Apple Inc. e-mailed invitations to a media event at its headquarters in Cupertino on Tuesday morning. The invite says "let's talk iPhone," implying the secretive company intends to show off the latest version of the device.

The first iPhone came out in 2007, and the phone's signature slick looks, high-resolution screen and intuitive software has gained millions of fans over the years. There were 39 million iPhones sold just between January and the end of June.

Beyond the iPhone itself, the Tuesday event is anticipated as Apple's first major product unveiling in years that won't be led by Steve Jobs, who resigned from the CEO post in August after being out on indefinite medical leave since January. The Apple co-founder is now its executive chairman. And though Jobs did emerge from medical leave twice this year to present Apple's innovations -- most recently in June to show off its new mobile software and iCloud content storage service -- his successor, Tim Cook, is expected to take the lead this time.

Though not nearly as recognizable as Jobs, Cook, formerly Apple's chief operating officer, has been running Apple since January. For years, he has been in charge of Apple's day-to-day operations, and he has long been seen as the natural successor. He also served as Apple's leader for two months in 2004 while Jobs battled cancer and again for five-and-a-half months in 2009 when Jobs received a liver transplant.

Perhaps more important to Apple fans than who is presenting is what the company will reveal on Tuesday. A new iPhone is expected to have a number of changes, the biggest of which will likely be under the hood: the inclusion of Apple's latest iOS mobile software, iOS 5, which has been slated for release this fall.

IOS 5 will include things such as wireless device setup and content syncing, and beefed-up camera, email and Web-browsing apps. A new service called iMessage will allow iOS 5 users to send text messages to each other over Wi-Fi or wireless carriers' data networks, while a folder called Newsstand will corral newspaper and magazine app subscriptions in one place to make it easier to find them. When it comes out, the software will also be available for Apple's iPad, iPhone 4 and 3GS and the two most recent generations of the iPod Touch.

A new iPhone is also expected to include Apple's forthcoming iCloud service, which will store content such as music, documents, apps and photos on Apple's servers and let you access them wirelessly on numerous devices.

As for hardware, a new iPhone isn't expected to look that much different from the iPhone 4, though it could be thinner and have a bigger screen. The existing iPhone is 0.37 inches thick and has a display measuring 3.5 inches at the diagonal.

An improved rear camera is anticipated, too. The existing iPhone has a 5-megapixel camera on its rear. A number of recently released smartphones have moved to 8-megapixel cameras.

One of the most notable hardware changes many industry watchers are predicting is the inclusion of a more powerful chip: Apple's dual-core A5 processor, which is the same chip it uses in its current iPad. The iPhone 4 runs on Apple's older A4 chip, and the move to a more capable chip should improve things such as multitasking, opening apps and gaming.

Analysts also believe Apple could also use the event to trot out new iPods and updates to its iTunes music software, which it usually does in the fall anyway. Last September, Apple announced updates to iTunes and a line of revamped iPods, which included a version of the iPod Nano with a touch screen.

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