Markets at peak once again, not very wise to be buying now.

Yesterday the funds rolled through the industrials sector making it impossible for small investors to get in before 3% to 6% spikes in individual sector stock gains that in turn drove the market as a whole up about 0.5%. All our indicators finally say sell.. to take profits and stop buying now.

We may be censored and taken off this blog any time for our anti socialist/ fascist /communist and pro liberty and free enterprise leanings. Then again maybe they won't carry out their threats.


Market forces September 10

Everything the press says about the economy is positive… even golden. GE/MSNBC/PRAVDA/Sycophants are happy as larks saying all is well in the Obama free-lunch society. Big Brother Obama loaned us his credit card and we are all having a great time now running up the charges. Let the money presses roll and lets grove and have a party now. Big brother Obama says its fine; someone else will come along and pick up the tab. We have killed the last elephant and we need to feast now before the carcass of our free economy rots. We are all socialist hunter gathers now. We don't need to work. Nature provides everything and we just need to pick the fruits of the last nation on earth that was known to stand for liberty, work ethic, freedom from tyranny, and free enterprise with the market rewarding the most productive.

Now we will have big brother like the Nationalist Socialist Stazzi, or the Communist KGB looking closely over our shoulders making sure that workers don't hold back any of their honestly earned income from the government hacks, sycophants, and religious and environmental zealots. They want to purge the world of the dangerous ideas of Thomas Jefferson and the others that created a free America. The Saudi and the rest of the Moslem world are welfare states where young people have no hope and so they turn to terrorism and suicide attacks against the last nation, America, which until now chose not to be a welfare state.

If big brother Obama succeeds with socialism we will indeed have the Second Great Depression because his profligate spending will redistribute the nation's wealth from the producers to the government, the political sycophants, the illegal aliens, and all those whose culture is that of the early hunter gatherer… don't work, be happy, take the fruits of others and don't worry about it. The first Great Depression did not end until the FDR socialist government stopped trying to run the economy and gave America back to the producers.

The Census Bureau’s annual report on incomes, poverty and health insurance is due for release around 10 a.m. in Washington. It is expected to say American poverty has deepened. Foreclosure filings in the U.S. exceeded 300,000 for the sixth straight month as job losses that boosted the unemployment rate to a 26-year high left many homeowners unable to keep up with their mortgage payments.

Market Outlook
The Standard & Poor’s 500 Index is now valued more expensively than it has in five years.

The low interest rates we enjoy now under free enterprise will make it worse later because it is spoiling the political sycophants today. American debt will become unrelenting because as it gets worse, America's credit rating declines and therefore the interest rate on American debt increases. When the interest rate rises from 0.3% to 0.9% the debt burden triples. When it rises from 0.3% to 6% the debt burden is twenty times as great. That is when hyperinflation comes into play and wipes out the value of everything. In Germany that is when a few people bought control of the economy and socialism turned into National Socialist tyranny killing 20 million of their own citizens who disagreed with the socialists (not counting the WWII dead). In Russia, that is when the Communists took over the banks and killed 80 million of their own citizens who disagreed with the socialists.

Socialism by definition is corruption. When one person steals from another it is a crime. When two people vote to steal the honestly gained wealth of a third person it is called socialism. Under socialism a consensus is all that is needed to commit any crime. That is the socialist's definition of democracy. Even the US constitutional liberties could be retracted by a socialist majority voting to steal from hard workers to redistribute honestly gained wealth as corrupt patronage payoffs for political support of corrupt socialists. Look at all the ignorant spendthrift Socialists in Congress who started with nothing and became millionaires over night. Even Obama's wife got more than a 100% pay raise when he got in the senate and he himself became a millionaire in one term.

Asian markets were up last night, China down - 0.7%, Hong Kong up 1%, Japan up 2%, and India up 0.2%.

European markets are currently down in a narrow range from 0.1% to -0.6% this morning about half way through their day.

US market futures are slightly lower by about -0.2% at 7:30 AM EST before the opening today.

The current market optimism is a dangerous sign. Our indicators say the market has topped again. Tax and spend socialists now run Congress and will likely bankrupt America for the first time in our history.

GE/MSNBC/Pravda considers Red Chinese stocks to be the leading indicator for the economic recovery in the world. We warned that corruption and fraud could be expected to run rampant with the Communist Chinese socialist experiment unleashing free enterprise. Socialism pays the indolent and incompetent well while heavily taxing the people who create honest value. A sharp decline is now possible because many leveraged funds are fully invested, have hair-trigger stop sell orders in at about -3%. Our strategy now is to continue to take recent profits and wait for future buying opportunities.

Remember:
Under socialism, democracy is just a license to steal. Once the thieves have a majority tyranny takes control.