Stock buying dried up yesterday

Market forces June 4,

The optimistic spin MSNB/GE/Pravda puts on all news seems to be done to help the conglomerate influence government contracts. It creates an aura that President Obama’s socialist policies are good for the economy. It is part of the increase in influence peddling being seen with the sharp increase in government power and spending. However the spin is wearing thin and stock market buying volume was quite low yesterday. So far General Electric is still doing very well with its military industrial complex which was thought to be one of the areas where the socialists would be spending less money. But so far the socialists are only thinking about growing government and increasing spending so that has been good for General Electric and George Soros who seem very happy so far with President Obama. MSNB/GE/Pravda and George Soros appear to be succeeding in becoming an integral part of the informal US government news and social re-education media machine.

General Motors seems destined to be the greatest black hole in the American economy. The socialists now own it and Americans will no longer buy the cars without hefty incentives from the socialists. The failure of GM will drive the socialists to throw more money at it. It will grow to be one of the greatest and most visible failures of the Democrat-Socialists within two years. It will highlight the stupidity of the dangerous polluting cars the socialists produce because we lack clean nuclear energy to provide the electricity needed. Americans will be polluting more to generate electricity with hydrocarbons. The energy waste of multiple energy conversions, storage and transmission will increase pollution far more than the internal combustion engine because clean nuclear electrical energy is not being developed due to the stupid leftist socialists and their misguided environmental religion.

Market Outlook

Yesterday market volume fell even further below its moving average indicating the sense of fear of market vulnerability and a withdrawal of buyers rather than a growth in selling pressure.

Last night Asian markets were lower. China’s was down -0.4% Hong Kong down -0.4%, India up 1%, and Japan down -0.8 %.

European markets are up slightly today in the range of 0.2% to 1% mid way through their day.

US futures indicate the markets will be starting in slightly positive territory today. A sell-off of up to 15% is becoming more probable now.