TRES FAUX MORNING REPORT 7/23/12

Vital Statistics:
Last Change Percent
S&P Futures 1344.96
-236.73
-1.85%
Eurostoxx Index
2,171.87
-65.46
-2.93%
Oil (WTI) 88.35 -3.48 -3.79%
LIBOR – 3 mo 0.46 0.000 0.00%
US Dollar Index (DXY) 83.972 0.494 0.59%
10 Year Govt Bond Yield 1.41% -.044%
Penn State $60M to child abuse prevention  

strip PSU of all wins

from ’98-

2012

 

 

reduce     schollies;    no  bowls for 4  yrs

Penn State did not get DP.  NCAA violated its procedural rules, wildly, to do this, so the penalties are largely unprecedented.  NCAA will probably get away with this and Penn State will probably not appeal.  That is because if the sanctions are reversed on procedural grounds, as they would surely be, the NCAA would come back with a “duly processed” Death Penalty as the next step.

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