Encouraging Americans to save.

President Obama on Saturday announced changes that the IRS plans to make to encourage workers to save more of their paychecks,a proposal to promote retirement savings.

Americans have not been good savers in recent decades.
"Even before this recession hit, the savings rate was essentially zero, while borrowing had risen and credit card debt had increased," Obama said in his weekly radio and Internet address. "More broadly, tens of millions of families have been, for a variety of reasons, unable to put away enough money for a secure retirement. ... We cannot continue on this course."

Changes will take effect immediately:-

1) Auto enrollment in retirement plans.

2) Saving tax refunds via U.S. savings bonds.

3) Employers to convert (or allow workers to convert) unused vacation and sick leave pay into 401(k) contributions.

Treasury Secretary Tim Geithner in a prepared statement said that "Working Americans should be able to retire with dignity and security, but nearly half of the nation's workforce has little or nothing beyond Social Security benefits to get by on in old age."

September First Week of Dow.

(10 markets day to Witching Day)
September candlestick till todate is like a hangman,given another few more laps will be transformed into a dragonfly doji.

Given Friday's closing having pierced through the MAV resistance line,the bullish phenomenon is still promising.

Trading volume has been low, as is typical of late summer when many market pros on the sidelines.