Finally the Obama administration realizes, "It’s the free market stupid."

Market forces

The volume of trading in this rally has remained about 20% lower than during the first rally before Obama was inaugurated. But finally Obama has realized that all his doom and gloom and administration flailing and denial of ownership could in itself be causing the economic crisis. Lets see if the market improves now that the administration seems to be changing its tone.

There is still no technical evidence that another bottom has formed. There is extreme optimism and positive political distortion of stock market facts now that the administration knows it has an effect. For instance we did not see a double bottom as many democrat-socialists now profess, it was a new 12-year low. But now at least they know that their tone matters.



Market Outlook

Asian stocks were up last night with Shanghai up 1.2%, India up about 2.1%, Japan up 1.8% and Hong Kong up about 3.6% following the American advance Friday.

European markets are up in the range between 2.3% to 2.8% mid way through their day following the American advance yesterday.

American market futures are currently up about 1%, two hours before the market opens.