Another Mr. Stupid was on MSNBC last night but did not fair as well.

Market forces September 18

Another Mr. Stupid on GE/MSNBC/Pravda last night said that $3 trillion would enter the stock market now because people will be taking everything out of the Money Market (MM) and putting it into the stock market. All of these Mr. MSNBC Stupids are unaware that people have money in Treasuries, the money market, and bonds because they are trying to preserve their capital not because they want aggressive growth. Jim Cramer last night advised that people wishing to preserve capital should get out of Treasuries now and go into the Money Market because the Treasuries are going to take a big hit as interest rates rise because China and others will be buying less USA debt. Today happens to be when the FEDs money market guarantee expires so MM rates should become better. That MM guarantee was given during the meltdown a year ago. We think a stock market correction is now due.

Market Outlook

A falling dollar and a China trade war now loom in the early stages. President Obama introduced tariffs on tires that are from an industry Japan already dominates in America. Billions of taxpayer dollars are already going to stimulate the trade unions rather than American jobs. This is another example where the unions and even Japan are put ahead of the American taxpayers. Most of Obama's election contributions were just under the amount that requires the disclosure of the contributor so we do not know where most of the money came from. It was an obscene amount contributed that way according to Clinton people.

Asian markets were down sharply last night; China down -3.2%, Hong Kong down -0.7%, Japan down -0.7%, and India up 0.2%.

European markets are cautious and down slightly from 0.1% to -0.5% this morning about half way through their day.

US market futures are cautiously flat again at 7:00 AM EST before the opening.

The current market bubble is about to pop. The market PE is now higher than last year before the steep decline because stock prices have been recovering even as earnings have been declining all year. Our indicators say the market has topped again. It means it is time to diversify out of stocks or to exit fast unless you can wait a few months to recover.

Tax and spend socialists now run Congress and will likely bankrupt America for the first time in our history. Debt is unrelenting but the process of bankrupting a nation still takes several years. In the end inflation will raise the interest rate on the growing (ultimately $15 trillion) US debt and bankrupt America the way increasing variable rate mortgages caught up with and bankrupted homeowners.

Under socialism, democracy is first a license to steal and eventually a license to murder. Once the thieves have a majority… tyranny takes over. Until now America has been the world's peace keeper. Yesterday President Obama took another step backward from that roll and took away the missile defense system that would have protected Europe from lunatics launching missiles from Iran. Last week he turned the 911 anniversary into a day of remembrance and service to the government. If America becomes a socialist tyranny the western world will collapse into the socialist chaos that has dominated most of the world outside the sphere of American influence.

The worker/producers then become the slaves of the socialist tyrants. If you protest your enslavement you go to the Gulag or concentration camp to die. Hitler, Lenin, Stalin, Robert Mugabe, and Sadam Hussein were all famous democratically elected socialist dictators. Sadam Hussein claimed a 99% majority in his last Iraqi election after gassing his countrymen. Democracy only works in a free society and a free society has free enterprise not redistribution of wealth to an increasingly indigent/corrupt/maniacal majority. Socialism grows by taking from a few to give to the masses. The tipping point occurs when the masses of the corrupt, indigent, and lunatic left become the voting majority and the socialist dictator gets elected on his promises to change things. Hitler's Nationalist Socialists and Lenin's Communists did indeed change things and millions of Germans and Russians were murdered because they opposed the changes. Sadam Hussein loved to throw his protestors off rooftops and to throw his enemies into vats of acid. Sadam did not trust the military and created a "new army," his own Personal Guard with power over the Iraqi military. Obama is the name of the flying beast that the Koran says brought Mohammed to Jerusalem when Mohammed died. Hussein Obama, Jimmy Carter, the DNC, and the ELCA now seem intent on turning Israel over to the Hamas organization.

Very few socialist tyrants were ever overthrown without outside help. So when the USA is itself socialist and out of the police keeping picture as Obama wants, and when this last free enterprise Republic elects a socialist tyranny, the whole world will fall into the equal state of poverty, ignorance, superstition, starvation, genocide, and perpetual war.

The purpose of this very negative scenario is to awaken people so that they vote out the people who are turning America into a bankrupt socialist state. Americans are strong enough to take responsibility for their own health and welfare and still do not need a government to dictate to them how to live, what to eat, what cars to buy, and what to do.