When the Leninists took over Russia they looted the banking system and with it the wealth and power of the intelligencia who could see he was a petty but deadly dictator. You know they are maniacal tyrants from how they encourage their own cults of personality.
http://www.washingtontimes.com/news/2008/dec/28/bolshevik-finance-soviet-secrets/
http://video.google.com/videosearch?hl=en&q=obama%20cults&um=1&ie=UTF-8&sa=N&tab=wv
In the socialist mind, pensions are a perk of the rich. Most Americans only get government social security. Obama is destroying America's banks and equities market and with it jeopardizing the investments, which back up federal, state and private pension programs. It is another way to redistribute wealth so that we are no longer unequally rich but all become equally poor.
Market Outlook
The Obama market rally fizzled. Here was our most recent timing
Cherry pick buying into equities Nov 6-Dec 5, 2008
Cherry-pick selling out Jan 20-Feb27 2009
The tremendous cash flow out on Monday was about twice that of the Friday cash flow exit that was about eight times the Thursday cash flow exit.
We do not recommend shorting the market at these low prices because any good news could quickly wipe out the short sellers. But to date the Obama administration has been bad news for the economy from when he first started calling it a great depression to get elected.
Asian markets were mixed last night but down about 1% on average.
Currently European markets are mixed and down about 0.5% on average
American market futures are currently up fractionally two hours before the markets open.
There is no way to estimate a bottom for this Obama market. We will monitor the technical indicators to estimate when the bottom is being laid down again. We expect the bad news to begin to moderate when the Obama administration has gotten what it wants.
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