Market volume remained high and the market turned negative

Market forces

The Obama administration sided with the socialist unions suing and trying to destroy Wall-Mart which has become a symbol of a sensitive capitalist company that has no need for Unions. The trumped up charges are discrimination based on competency instead of politically correct gender quotas. The Obama socialists are urging a federal appeals court to let the current and former workers sue as a group and proceed with the biggest sex-bias case in U.S. history in order to weaken and if possible destroy Wall-Mart as an example to all companies that think they can avoid socialist slowdowns and strikes by treating workers fairly. The difference between socialism and communions is that socialists use unions to bring industry to its knees. Once capitalism is destroyed the unions become the KGB within the industries to report on the workers because strikes and slow downs are forbidden under communism because strikes under communism are anti-proletariat.

The Wall-Mart stocks may become worthless in Obama's new proletariat dictatorial executive-congressional majority actively persecuting companies that try to ignore proletariat-socialists. The U.S. Equal Employment Opportunity Commission is weighing in on the lawsuit for the first time since the union activists filed in 2001.

The dollar continues to weaken sharply. Wasteful and ignorant American dictatorial democrat-socialist government spending on political groups, thugs, and hacks spreads waste and corruption and undermines the US currency. It will raise the relative cost of foreign goods just as a US tariff on imports would. That will likely lead to the type of tariff retaliation seen in the Great Depression helping to further undermine American industrialism and surrender "cowboy" America to European international socialist courts and rule under international socialism.

For example ACORN is a political group that specializes in voter registration fraud and census fraud. The political thugs are the big bad boys who were arrested for standing at the doors intimidating poll workers who under democracies ask voters questions to prevent voter fraud. The political hacks are the folks who have the job of asking socialists easy questions and who are paid with political jobs to ridicule and heckle the opposition while pretending to be just regular people. They are required to show up at socialist May Day parades and wave red flags or they lose their political-hack benefits, which is usually a political job where they do nothing useful for society.

Natural resource stocks will rise in value as socialist spending causes more inflation. Americans are now being actively lied to by the Obama government and better get used to it. Under socialism and communism Americans will be told what they must believe. We first must believe that the proletariat dictatorship is not just always right but it always does what is in our best interest even if sometimes it may be there is no food in the stores, the Gulag for us or the gas chamber for our neighbors. Eventually the stock market will cease to exist because you will be told that freethinking ignorant socialists know much more than educated and experienced industrialists, and innovators.


Market Outlook

Asian shares had a mixed session last night with Shanghai up 0.7%, India down about 0.4%, Japan down 0.3% and Hong Kong down about 2.3% following the increased American selling yesterday.

European markets are generally mixed in the range of down 0.4% to up 0.5% mid way through their day.

American market futures are choppy but recently rising again today before the market opens. However another sell-off is expected. As the ideas of Obama democrat socialism sink in people will see there is no benefit under socialism for owning stocks because the stock market is used to generate capital for capitalists. Under socialism, taxes are used to generate the money for government of everything.