Market forces May 22,
The Market appears to have finished topping and the summer doldrums are approaching. Even Jim Cramer has begun telling investors to take stock profits and get out and into real estate now. The real estate market will have to recover first. That is not an option it is a requirement. The toxic waste of the mortgage industry must be eliminated before the economy can improve. Therefore by definition the real estate market will recover before the stock market or the economy. And money flowing from stocks into real estate will probably cause a retest of the stock market lows.
How many years will it take to recover from the raving socialist and their global warming idiots who just destroyed our automotive industry and gave it to the unions that demanded 90% pensions with retirement at age 55. Now they want the most invasive forms of socialism that the world has ever seen. These lunatic socialists who are chasing windmills are also putting American veterans and American thinkers on their potential terrorist lists. They asked Britain to put an obscure San Francisco talk show host on Britain's banned-from-Britain list. These raving Obama socialists want the news media to give equal talk show time to bone head socialists who no one listens to so that the radio industry will go bankrupt like the socialist newspapers and lose their audience like government subsidized socialist Pravda propaganda stations. No one wants to have to listen to these lunatic socialist and global warming idiots so they insist big government subsidize them by taxing productive and intelligent Americans.
The raving socialist and idiot supporters have only begun to destroy and nationalize the American economy. When destroying industries they first claim they saved them and then fill the ranks of management with their socialist political hacks, union bosses, ACORN thugs, and tax cheats.
Market Outlook
NBC/GE/Pravda's socialist raving power drunk lunatics are lying as much now as they did during the DOT COM bubble when every announcement suspiciously seemed to match Pravda's exact expectations. One broght up the analogy of the Planet of the Apes. That describes them perfectly.
Today they try to arbitrarily lower every stock and economic expectation to beat them. What wonderful surprises they continually give us. Let's face it NBC/GE/Pravda sold its soul a long time ago. They are a collection of broken clocks and change their minds often so that they can always lie and claim they got the market top and bottoms correctly. Yesterday Jim Cramer said he had predicted that Obama was one of five potential stock market hazards and we should all take our profits before this weekend. Well his broken clock seems it may have the right time on it today.
We estimate that America is about half way to a housing turn around with about a year to go to pass this recession bottom. And after that we will enter uncharted territory where we can only hope that the creative destruction resulting from future American innovations can offset the lunatic socialist governmental quagmire the Democrat-Socialists are creating with their domination of the three branches of American government.
Japan now says the worst of their Socialist full employment job-for-a-lifetime experiment is over and their socialist depression has finally bottomed after only 19 years. Just think we could still have 18 more years of Democrat-socialist Obama type carnage if voters re-elect them.
We are on the sidelines now until the market re-tests its lows. NBC/GE/Pravda /Jim Cramer said sell stocks and get into real estate. But he changes his advice every other day.
Last night Asian markets were down again. China down -0.5%, Hong Kong down - 0.8%, and Japan's down -0.4%.
European markets are up in the range of 0.9% to 1% mid way through their day after closing down almost 3% yesterday.
US futures indicate the markets will start out flat today.
