-PMI China manufacturing data better off worst expectation last Thursday; -US jobs data last Friday was talking about 'unchanged growth of employment on non-farm payroll', and not indicated level of firing/terminating employment in which recession would required a massive nationwide job termination, not just a stalled jobs growth;
-Friday, September 02, US market lowered with low trading volume, limited downturn to -2,5% while market volatility in early August could bring the indices lower to -4-5%; market fear gauge (VIX) just jumped 6% to 33,92, far below its record high above 40 in early August; -US market closed for Labor's day September 05, to further cool off and condition market in anticipation of Obama & the Fed action plan. Risk on ahead, market is ready to jump start; -Obama will address speech on jobs action plan this Thursday (or Indo's Friday market impact); -The US Fed will detail fighting plan on monetary approach to latest situation (September 21-22). Meanwhile, below is Indonesian coal price dynamics as it was being traded during Indonesia local long holiday through Friday, September 02. *Chart 1*: ICE FOB-Indo Coal [image: Indo Coal Price @ ICE FOB.gif] '+'
<<Indo Coal Price @ ICE FOB.gif>>
