Buyers have exhausted themselves. Investors take profits and permanently get out of stocks.

Market forces May 1, May Day
Yesterday the Bulls exhausted themselves and volume picked up as investors took profits. Lightly capitalized Cramer junk stocks continued to have short squeezes as sentiment turns against short selling. But even Jim Cramer can't predict which will double next and continues to rail against the high dividend and stable stocks he recommended just a month ago when Jim said we were in a depression. Last week Jim said we are in a recession and this week he thinks it is almost over. People who follow his advice have been jerked around relentlessly and suffer great losses. He is part of MSNBC/GE Pravda.

President Obama criticized Chrysler bondholders for not giving up their rights in favor of the unions that drove the American auto industry bankrupt with their high wages, high pensions, and strikes.

Small GM bondholders have objected to having the FED and the GM union confiscate their lifetime savings last week without due process. They plan to take their case to court too.

President Obama this week succeeded in destroying one of America's greatest banks, Bank of America, with socialist rhetoric, rumor, and community action group coercion. ACORN and American unions, communists, and democrat-socialists are ecstatic.

We are being destroyed by a danger that has sprung up from within. President Obama said he liked President Lincoln and President Lincoln in his Lyceum speech said that America's liberty and values could only be destroyed Obama's way… from within.

President Lincoln said,
"We find ourselves under the government of a system of political institutions, conducing more essentially to the ends of civil and religious liberty, than any of which the history of former times tells us. We found ourselves the legal inheritors of these fundamental blessings. We toiled not in the acquirement or establishment of them--they are a legacy bequeathed us, by a once hardy, brave, and patriotic, but now lamented and departed race of ancestors. Theirs was the task (and nobly they performed it) to possess themselves, and through themselves, us, of this goodly land; and to uprear upon its hills and its valleys, a political edifice of liberty and equal rights;

" 'tis ours only, to transmit these, unprofaned by the foot of an invader, undecayed by the lapse of time and untorn by usurpation, to the latest generation that fate shall permit the world to know. This task of gratitude to our fathers, justice to ourselves, duty to posterity, and love for our species in general, all imperatively require us faithfully to perform.

"At what point then is the approach of danger to be expected? I answer, if it ever reach us, it must spring up amongst us. It cannot come from abroad. If destruction be our lot, we must ourselves be its author and finisher. As a nation of freemen, we must live through all time, or die by suicide.

"They were the pillars of the temple of liberty; and now, that they have crumbled away, that temple must fall, unless we, their descendants, supply their places with other pillars, hewn from the solid quarry of sober reason. Reason, cold, calculating, unimpassioned reason, must furnish all the materials for our future support and defense.-- Let those materials be molded into general intelligence, sound morality, and in particular, a reverence for the constitution and laws: and, that we improved to the last; that we remained free to the last; that we revered his name to the last; that, during his long sleep, we permitted no hostile foot to pass over or desecrate his resting place; (til) the last trump(et) shall awaken our WASHINGTON."


Market Outlook

MSNBC, a subsidiary of GE, continues to misinform and distort the news. They continue to mention the positive market events and set expectations so low that even negative market events are presented as positive. That misinformation is bad for average American's and their 401 plans. It makes it easier for Obama, Pelosi, the communists, and socialists to point out the irrationality of capitalism and the need for bigger government to run American banks and corporations. The higher the market goes the more investors will pull money out and cancel out any buying.

MSNBC/GE/Pravda are doing an excellent job destroying American's confidence in free speech, liberty, and the right to pursue happiness as they glorify socialism, homosexuality, narcissism, atheism, the corrupt U.S. Congress, pot heads or worse, unions, illegal aliens on the dole, community organizer thugs and of course their messiah Obama.

The argument that stocks appear to be “once in a lifetime bargains” ignores the reality that under socialism or communism stock investments are worthless. Look at what Obama has already done to the American banks, and the automobile industry while MSNBC/GE/Pravda claims we only have had a recession and it is almost over!

Many Americans will continue to take money out of the stock markets even with 401 plan penalties because it is better to invest in real estate outside the cities so they can plant gardens and not starve especially when Obama's hyperinflation wipes out the value of everyone's 401 plans and the food stores are empty like in Cuba and Zimbabwe. Obama is sending trade delegations to Africa next month. His delegations said we recently learned a lot from Cuba and have more to learn in Africa. This year Zimbabwe hit 231 million per cent inflation. Yes, we all need to study up on hyperinflation.

Today, Asian markets were mostly closed with Japan up 1.7%. May Day is when all the socialists and communists of the world have their big celebration.

European markets are mostly closed too with the London flat mid way through their day today.

US futures indicate the DOW will start the day flat lined… dead.

As the administration MSNBC/GE/Pravda deception becomes obvious then investment enthusiasm turns to disillusion and complete withdrawal from the market. The downturn could then set a new stock market low. Under socialism, even FDR's socialism experiment stock market low is once again achievable.