West Virginia Golf:The Greenbrier Classic

At The Greenbrier Classic in White Sulphur Springs,West Virginia,Matt Every holds the top position on the leader board with his second round nine under par 67.Every,29,has made 10 cuts out of 21 tournaments played this season.The Floridian has placed in the top 10 twice and is 95th on the money list.
Phil Mickelson failed to make the cut and is headed for Scotland to play in the Scottish Open next weekend,and then The Open Championship after that.Tom Watson,63,shot a three under par 69,tying for 35th place,while Kenny Perry,52,fired off a five under par 67 to tie for 17th.
The tournament is held at The Greenbrier Resort,a popular summer retreat in the Allegheny Mountains for generations.It's a favourite with the PGA players and their families for the comprehensive recreational package,and amenities such as evening concerts by name performers,including Kenny Chesney and Aerosmith.
The top 10 are as follows:
  Matt Every(USA) -9
  Russell Henley(USA) -8
  Johnson Wagner(USA) -8
  Daniel Summerhays(USA) -8
  Bill Lunde(USA) -8
  Steven Bowditch(AUS) -8
  Tommy Gainey(USA) -7
  Jonas Blixt(SWE) -7
  Ben Curtis(USA) -7
  Greg Owen(ENG) -7

Inventory Trade Lifts Earnings

The majority of listed firms are reporting good results for Q2,but consumers remain cautious,holding back the final demand which ultimately creates jobs.As the inventory trade and government stimulus wind down,it will be harder to post such results in the second half,which doesn't bode well for the market,in the view of many.Gross Domestic Product rose a faint 2.4% for Q2,way down from Q1's revised 3.7%.
The market closed flat on the week,but rose around 7% for July-the best monthly gain in a year.Volume remained light,however,and the 10 year bond's yield was less than 3%,indicating an uncertainty underlying the good cheer on the surface.
There was little good cheer to greet new acquisition pitcher Roy Oswalt at Nationals Park as Washington creamed Philadelphia 8-1,ending the Phillies' eight-game winning streak.At the Greenbrier Classic PGA Tour event a few hours away in West Virginia,Jeff Overton topped the leaderboard,shooting a second round 62 for a -14.Boo Weekley was second at -10,while last week's Canadian Open champion Carl Petterson of Sweden was still in contention,having scored a second round 64 for a -5.
Stock futures looked optimistically to next week,with the S&P up 1.30,the Dow gaining 8.0,and the NASDAQ booking a 5.0 gain.Bond futures declined.

Industrials Power Rally

A number of industrial firms reported successful Q2s,spurring the market to a rally this week.United Technologies,Honeywell,Caterpillar and Ford all beat Wall Street estimates,reassuring investors that business is still possible in the post-Lehman world.Microsoft,Coca-Cola and UPS also beat the Street.
In baseball,Philadelphia was beating Colorado 5-0 before the 85th consecutive sellout crowd in Philly,and Baltimore brushed past Minnesota 3-2.An obscure American golfer,Brent Delahoussaye,28,led the Canadian Open in Otobicoke,Ontario,along with compatriot Steve Wheatcroft,at 9 under par.The top Canadian on the Order of Merit of the Canadian Tour,Adam Hadwin,22,shot a 66 for a -6.The PGA Tour moves to West Virginia next week for the Greenbrier Classic.Update:American Dean Wilson and South African Tim Clark surged to the top of the leaderboard with a 10 under par.
Strong storms shook the New York City area tonight,with tornado warnings blanketing the metro environs.Morris County,New Jersey reported downed trees and wires,and circulation was detected by radar,but no tornadoes were seen.
The S&P futures were continuing the rally this evening,up 12.90,while the Dow futures rose another 119.0 and the NASDAQ clocked a +21.0,with bond futures also gaining.
United Technologies(UTX),Honeywell(HON),Caterpillar(CAT),Ford(F),Microsoft(MSFT),Coca-Cola(KO),United Parcel Service(UPS)