Tea parties grow

If it is true that the bear market is over for equities and the economy is about to turn around then President Bush must get the credit for the recovery because Obama’s only role was his irresponsible verbal trashing of the economy to set us up for his desired socialist state. The fact is that only the Bush TARP funds have played the significant role so far. It has essentially tripled the American fiscal deficit for the first quarter. So if we have a real bull market bubble, Bush gets the credit for the recovery currently under way. Obama hyper spending has not started yet.

As for President Obama, his policy must therefore be misguided because he continues to spend $trillions more just as we are going into the bull market bubble thereby burdening the economy with even more debt when the next recession occurs. The Obama debt is projected to be greater than the entire debt acquired by America since 1783 and will go to Obama’s Acorn thugs and socialist supporters such as George Soros who can’t wait to feed on a dead carcass like American Capitalism!

But are we in a bull market… or are Jim Cramer and the MSNBC staff just completely full of bull? We think we are still in a bear market and that the rally has just about run its course. Therefore Jim Cramer is full of Bull and just another socialist sell out willing to support any misguided policies that can create another market bubble for him to play with.

Obama is encouraging more debt which got us into the problem in the first place. The U.S. Treasury's plan leverages public funds 6-to-1 in order to defend the mismanaged financials that took excessive leverage. At the same time, the Treasury plans protect their hand-picked “managers” from personal risk while encouraging them to overpay at taxpayer expense. This is a recipe for the insolvency of the FDIC. These are the failed policies of the arrogant and selfish Senate Banking Committee members like Rangel and Dodd who turned home ownership into a welfare program for con artists, thugs and every criminal willing to vote for their largess and give them mortgage, rental property, and any other real estate bribes. They are like the fat Roman Senate scum of another age that sold out their empire for personal profit. These are the political dregs which the Tea Parties seek to throw out of office along with the Republicans who sold out by not supporting term limits after Americans gave them control of Congress in 1994. There will be more tea parties across America on April 15. They want to throw all the corrupt and socialist bums out of office in 2010.



Market forces

The market Thursday rose on very, very low volume indicating the rally is out of steam.

Investors now fear that the trillions of dollars the government will print to finance the stimulation package will have great negative currency and inflation repercussions starting in six months. The socialist ignore the reality that FDR made the same mistakes during the Great Depression. Corruption and political machines grew under FDR, not the economy. It was after WWII that the stock market fully recovered.

Market Outlook

All the signs are saying it is time to cherry pick into a positive market position as the market retests its lows. All shorts should already be covered and profit taking should be done into any future advance. Now it is time to look for the new bargains when the market falls back about 10%. The stock index’s record one-month gain is sending danger signals to investors who remember how similar rallies in U.S. stocks came to an end.

Asian shares were up last night with Shanghai (China) up 1.4%, India up 1.5%, Japan down -.5% and Hong Kong up 3%.

European markets are currently up in the range of 1.5% to 3% mid way through their day today. .

US futures indicate the American markets will start the day flat again. All the American equities markets remain extremely over bought. The FED indicated that the recession is here at least to the end of this year and they will revise their prediction of the eventual bottom of the economy in another six weeks. The US market decline will present select opportunities to astute investors seeking value by catching individual stocks that are forced down into higher value ranges.