Without an extension of unemployment benefits the unemployed are no longer listed as unemployed. A senate vote on extension of unemployment insurance was required over a week ago. People laid off a year ago continue to be told they must wait for the beneficent democrat-socialists to act. The socialists find it acceptable to attach socialist political amendments to the bill to get moderate Republican fingerprints on the bill. Reid wants an Amendment that makes this new bill "TARP on steroids" giving socialists the power to politically target more FED funds for contributors to their political campaigns. Government corruption under the socialists continues to grow. In communist countries you had to wave your little flag at the communists rallies or you lost your job and health benefits. If you spoke out against socialist corruption the socialists in communist countries sent you to die in a labor camp unless you happened to be a well known nuclear physicist national hero in which case you lost your income and were a burden on family and friends for food and shelter until you could escape to America. If we have American socialist tyranny there will be no place for Americans to go to have our current liberty. The world will descend into the perpetual economic depression they had without liberty or free enterprise. China is growing rapidly today only because they are experimenting with the individualism of free enterprise that is a complete contradiction of communism. If the Chinese return to political communism they will descend again into economic depression just as Russia has done.
US economy snaps the worst recession since Jimmy Carter
As we said we expected last week, the U.S. economy expanded in the third quarter after shrinking for four consecutive quarters, marking an apparent end to the worst recession since Jimmy Carter. Gross domestic product (GDP) has not been positive since the second quarter of 2008. It was the best quarter of the last two years. We had noted that shopping at malls was more frantic than during the last Xmas season. But still companies continue to lay off workers and credit remains tight wringing the excesses of the last liquidity bubble out of the American economy.
Gross domestic product expanded at a 3.5% seasonally adjusted annual rate in the quarter ended in September. Christina Romer, president of the White House Council of Economic Advisers said, "Without stimulus programs such as cash for clunkers and a first-time homebuyer's credit, real GDP would have risen little, if at all, this past quarter."
The economy's performance sent stocks soaring close to the 10,000 level. The Dow Jones Industrial Average closed up 199.89 points, or 2.05%, to 9962.58, its biggest one-day point gain since July 15, 2009. We advised yesterday, " Profit taking continues to be advisable on advances and purchases should be made on declines as we bottom. This bottom may be a deeper if we are entering a slower growth phase."
We have no indication that the bull market was over and the market decline already is in line with the last two corrections.
New reports coming out today Oct. 30, AM:
Consumer income & spending
Chicago Purchase Manager Index
Consumer Sentiment
Market forces October 30
Profit taking continues to be advisable on advances and purchases should be made on declines each time we bottom. This last bottom was a little deeper and we appear to be entering a slower growth phase. The market appreciation rate this year could not be sustained. The new rate possibly will allow the bull market to last a little longer.
.
Asian markets were up sharply last night; China up 1.2%, Hong Kong up 2.3%, India down -1%, Japan up 1.5%, and Seoul down -0.3%.
European markets are flat in a range from 0.2% to -0.3% this morning about half way through their day.
US pre-market futures are down -0.3% today at 7:30 AM EST with perhaps another buying opportunity.
Friday, October 30, 2009
Thursday, October 29, 2009
Growth is now slower but at a more sustainable pace.
Durable goods orders in September rose by 1.0% the Commerce Department reported. Durable goods have now risen in four of the last six months. But the news caused the dollar to strengthen which caused commodities like oil to decline which disappointed investors. New Home Sales fell slightly as the tax incentive faded and that also disappointed investors. The market plunged yesterday on higher volume.
Three months ago China broke down through its 50 day moving average just as we started to do yesterday. Since then China and most Asian markets have a slower more sustainable slope to their growth. Only Japan, Korea, and India are showing evidence that they have a head-and-shoulders sell signal forming. The USA and Europe have no head-and-shoulders formation yet. But if the last cycle low is broken in the next few days we must become concerned.
Thursday, Oct. 29 am:
Unemployment Claims
GDP (3rd Q)
Friday, Oct. 30 am:
Consumer income & spending
Chicago Purchase Manager Index
Consumer Sentiment
Market forces October 29
Profit taking continues to be advisable on advances and purchases should be made on declines as we now bottom. This bottom may be a little deeper if we are entering a slower growth phase. The market appreciation rate this year could not be sustained. The new rate possibly will allow the bull market to last a little longer.
Asian markets were down again last night; China down -2.3%, Hong Kong down -2.3%, India down -1.4%, Japan down -1.8%, and Seoul down -1.5%.
European markets are down in a range from -0.2% to -0.4% this morning about half way through their day.
US pre-market futures are up 0.3% today at 8:30 AM EST, better than they were before yesterdays 2% sell-off.
Three months ago China broke down through its 50 day moving average just as we started to do yesterday. Since then China and most Asian markets have a slower more sustainable slope to their growth. Only Japan, Korea, and India are showing evidence that they have a head-and-shoulders sell signal forming. The USA and Europe have no head-and-shoulders formation yet. But if the last cycle low is broken in the next few days we must become concerned.
Thursday, Oct. 29 am:
Unemployment Claims
GDP (3rd Q)
Friday, Oct. 30 am:
Consumer income & spending
Chicago Purchase Manager Index
Consumer Sentiment
Market forces October 29
Profit taking continues to be advisable on advances and purchases should be made on declines as we now bottom. This bottom may be a little deeper if we are entering a slower growth phase. The market appreciation rate this year could not be sustained. The new rate possibly will allow the bull market to last a little longer.
Asian markets were down again last night; China down -2.3%, Hong Kong down -2.3%, India down -1.4%, Japan down -1.8%, and Seoul down -1.5%.
European markets are down in a range from -0.2% to -0.4% this morning about half way through their day.
US pre-market futures are up 0.3% today at 8:30 AM EST, better than they were before yesterdays 2% sell-off.
Wednesday, October 28, 2009
Obama fiddles while allied troops in Afghanistan have their worst month in history.
Obama needs more time to decide whether to support American troops or use federal funds instead to buy more votes with taxpayer handouts.
The WSJ today reports that Ford unions seemingly seek to destroy Ford, the last free American carmaker, from the inside. Meanwhile the biggest nationalized carmaker union is supporting another massive taxpayer bailout. Ford had been doing well because it was not nationalized but the Obama supported unions may destroy Ford since Obama will give the unions anything they want for their vote for his socialist policies. The WSJ reports that the unions and activists were demonstrating in Chicago Tuesday asking more bailouts for Barney Frank's supporters who cannot afford to pay for a house. So they are demanding yet another democrat-socialist personalized Barney Frank bailout.
This week we are hearing relatively good economic news but the hedge funds are selling. Volume dropped slightly yesterday as the market showed little direction.
The Conference Board's consumer confidence index slipped to 47.7 in October from 53.4 in September. It is better than before summer but has been flat for four months.
Previously it was considered good news when home sales rose a little as prices fell. But now for the first time the home Price Index also rose as sales improved. This is good news as it is a sign of stabilization in housing. On the other hand WSJ advertising of commercial real estate that has gone on sale has surged as malls have been stressed. However based on recent shopper turn-out we predict both consumer sentiment and commercial real estate will also be showing signs of improvement in next months reports.
Wednesday, Oct. 28 am:
Durable Goods Orders
New Home Sales
Thursday, Oct. 29 am:
Unemployment Claims
GDP (3rd Q)
Friday, Oct. 30 am:
Consumer income & spending
Chicago Purchase Manager Index
Consumer Sentiment
Market forces October 28
Previously we reported that the very good economic news last week was spun negatively while corporate insiders have been selling their holdings by a ratio running 40 to 1 since September 1st. Now we have mixed news spun more negatively by the media and even Jim Cramer. That tells us both corporate insiders and Wall Street insiders do not think this rally has much further to go. Profit taking continues to be advisable.
Asian markets were down again last night; China up 0.3%, Hong Kong down -1.8%, India down -0.4%, Japan down -1.4%, and Seoul down -2.4%.
European markets are down sharply in a range from -1.6% to -1.7% this morning about half way through their day. They tend to follow American futures that are up slightly at this time.
US pre-market futures are down 0.6% today at 8:00 AM EST worse than they were before the Friday, Monday, and Tuesday sell-offs.
The WSJ today reports that Ford unions seemingly seek to destroy Ford, the last free American carmaker, from the inside. Meanwhile the biggest nationalized carmaker union is supporting another massive taxpayer bailout. Ford had been doing well because it was not nationalized but the Obama supported unions may destroy Ford since Obama will give the unions anything they want for their vote for his socialist policies. The WSJ reports that the unions and activists were demonstrating in Chicago Tuesday asking more bailouts for Barney Frank's supporters who cannot afford to pay for a house. So they are demanding yet another democrat-socialist personalized Barney Frank bailout.
This week we are hearing relatively good economic news but the hedge funds are selling. Volume dropped slightly yesterday as the market showed little direction.
The Conference Board's consumer confidence index slipped to 47.7 in October from 53.4 in September. It is better than before summer but has been flat for four months.
Previously it was considered good news when home sales rose a little as prices fell. But now for the first time the home Price Index also rose as sales improved. This is good news as it is a sign of stabilization in housing. On the other hand WSJ advertising of commercial real estate that has gone on sale has surged as malls have been stressed. However based on recent shopper turn-out we predict both consumer sentiment and commercial real estate will also be showing signs of improvement in next months reports.
Wednesday, Oct. 28 am:
Durable Goods Orders
New Home Sales
Thursday, Oct. 29 am:
Unemployment Claims
GDP (3rd Q)
Friday, Oct. 30 am:
Consumer income & spending
Chicago Purchase Manager Index
Consumer Sentiment
Market forces October 28
Previously we reported that the very good economic news last week was spun negatively while corporate insiders have been selling their holdings by a ratio running 40 to 1 since September 1st. Now we have mixed news spun more negatively by the media and even Jim Cramer. That tells us both corporate insiders and Wall Street insiders do not think this rally has much further to go. Profit taking continues to be advisable.
Asian markets were down again last night; China up 0.3%, Hong Kong down -1.8%, India down -0.4%, Japan down -1.4%, and Seoul down -2.4%.
European markets are down sharply in a range from -1.6% to -1.7% this morning about half way through their day. They tend to follow American futures that are up slightly at this time.
US pre-market futures are down 0.6% today at 8:00 AM EST worse than they were before the Friday, Monday, and Tuesday sell-offs.
Tuesday, October 27, 2009
We probably have seen the market's top for a while.
The market is giving the appearance of churning as government hostility toward Wall Street and bankers in particular reaches a new peak. The democrat-socialists are using this opportunity to set up more programs to redistribute wealth for votes.
This week we are hearing relatively good economic news but the hedge funds are selling. Volume rose over 50% yesterday as the market suddenly plunged. That indicates there was a large outflow of funds from the stock market.
Tuesday, Oct. 27 am:
Home Price Index
Consumer Confidence index.
Wednesday, Oct. 28 am:
Durable Goods Orders
New Home Sales
Thursday, Oct. 29 am:
Unemployment Claims
GDP (3rd Q)
Friday, Oct. 30 am:
Consumer income & spending
Chicago Purchase Manager Index
Consumer Sentiment
Today, Oct. 27`
Projections by economists show that Obama's socialism will more than double American per-capita debt in just his first term. It could then equal the annual GDP of America. Who is getting that money, you? No the socialists are taking your money and redistributing it to get more votes to take even more of your money the next time. This is what happens when the indolent, the petty crooks, and socialists become the voting majority. It is the wave of the future as America does what the Romans did and put all the Vandals on welfare.
Market forces October 27
The very good economic news last week went largely unreported while corporate insiders have been selling their holdings by a ratio running 40 to 1 since September 1st. That tells us the corporate insiders do not think this rally has much further to go. Profit taking continues to be advisable.
Asian markets were down sharply last night; China down -2.8%, Hong Kong down -1.9%, India down -2.3%, Japan down -1.5%, and Seoul down -0.5%.
European markets are up slightly in a range from 0.4% to 0.5% this morning about half way through their day. They tend to follow American futures that are up slightly at this time.
US pre-market futures are up 0.25% today at 8:00 AM EST similar to before Friday's and yesterday's sell-offs.
This week we are hearing relatively good economic news but the hedge funds are selling. Volume rose over 50% yesterday as the market suddenly plunged. That indicates there was a large outflow of funds from the stock market.
Tuesday, Oct. 27 am:
Home Price Index
Consumer Confidence index.
Wednesday, Oct. 28 am:
Durable Goods Orders
New Home Sales
Thursday, Oct. 29 am:
Unemployment Claims
GDP (3rd Q)
Friday, Oct. 30 am:
Consumer income & spending
Chicago Purchase Manager Index
Consumer Sentiment
Today, Oct. 27`
Projections by economists show that Obama's socialism will more than double American per-capita debt in just his first term. It could then equal the annual GDP of America. Who is getting that money, you? No the socialists are taking your money and redistributing it to get more votes to take even more of your money the next time. This is what happens when the indolent, the petty crooks, and socialists become the voting majority. It is the wave of the future as America does what the Romans did and put all the Vandals on welfare.
Market forces October 27
The very good economic news last week went largely unreported while corporate insiders have been selling their holdings by a ratio running 40 to 1 since September 1st. That tells us the corporate insiders do not think this rally has much further to go. Profit taking continues to be advisable.
Asian markets were down sharply last night; China down -2.8%, Hong Kong down -1.9%, India down -2.3%, Japan down -1.5%, and Seoul down -0.5%.
European markets are up slightly in a range from 0.4% to 0.5% this morning about half way through their day. They tend to follow American futures that are up slightly at this time.
US pre-market futures are up 0.25% today at 8:00 AM EST similar to before Friday's and yesterday's sell-offs.
Monday, October 26, 2009
Corrupt Washington politicians want more corrupt government programs for wealth redistribution to inner city criminals.
Virtually all Government programs are mismanaged. That is why socialized government-managed healthcare would be another criminal mistake.
Medicare, the only US health plan currently run by the government now rakes in more illicit cash than crack and heroin combined. The Medicare crime is very similar to Barney Frank's inner city mortgage scam. NBC's 60 Minutes TV show explored the Medicare inner city fraud last night. The drug dealers now can make more money setting up new Medicaid supply companies where they use stolen Medicare information to bilk the stupidly managed government Medicare system. There is virtually no risk. Our incompetent government managers do not require that the companies that bill the government actually exist much less be vetted. They pay the crooks first and don't even investigate when fraud is reported.
Furthermore in an interview with FOX Business Network’s Neil Cavuto, J. Russell George, the inspector general for tax administration at Treasury, said there are now 53 corruption cases involving IRS employees stealing from the government program and that number could rise. George said he expects that the final number for this new government program will be much larger than just 53 corrupt government employees.
Russell testified before Congress last week that there are over 74,000 individuals who are trying to scam the new government managed mortgage tax credit program who do not qualify for it. It stands to cost taxpayers billions of dollars. The most egregious examples, George said, includes a 4-year-old who claimed the credit – one of more than 582 taxpayers under the legal age of 18 to claim about $millions using the credit.
Just say "NO" to government-managed crime like government Medicare and government mortgage bailout scams. The socialists are making America a banana republic.
This week we can expect relatively good economic news again. This weekend New England had more shoppers in the big malls than during the Xmas rush of 2008. It looks like consumers are now spending again. That should show up in the numbers next month but we should be seeing some improvement already.
Tuesday, Oct. 27 am:
Home Price Index
Consumer Confidence index.
Wednesday, Oct. 28 am:
Durable Goods Orders
New Home Sales
Thursday, Oct. 29 am:
Unemployment Claims
GDP (3rd Q)
Friday, Oct. 30 am:
Consumer income & spending
Chicago Purchase Manager Index
Consumer Sentiment
Today, Oct. 26
This week Uncle Sam plans to sell $123 billion worth of Treasuries. That will bring the country's debt level very close to the $12.1 trillion debt ceiling. The dollar is declining again, which generally causes commodities to rise in price and tends to please investors in US stocks. However the declining US dollar also makes emerging market stocks a hedge against inflation and that tends to hurt US investment.
Market forces October 26
The very good economic news last week went largely unreported while corporate insiders have been selling their holdings by a ratio running 40 to 1 since September 1st. That tells us the corporate insiders do not think this rally has much further to go. Profit taking continues to be advisable.
.
Asian markets were up last night; China up 0.1%, Hong Kong holiday, India down -0.4%, Japan up 0.8%, and Seoul up 1%.
European markets are up slightly in a range from 0.2% to 0.4% this morning about half way through their day.
US pre-market futures are up 0.1% today at 8:30 AM EST similar to before Friday's selloff.
Medicare, the only US health plan currently run by the government now rakes in more illicit cash than crack and heroin combined. The Medicare crime is very similar to Barney Frank's inner city mortgage scam. NBC's 60 Minutes TV show explored the Medicare inner city fraud last night. The drug dealers now can make more money setting up new Medicaid supply companies where they use stolen Medicare information to bilk the stupidly managed government Medicare system. There is virtually no risk. Our incompetent government managers do not require that the companies that bill the government actually exist much less be vetted. They pay the crooks first and don't even investigate when fraud is reported.
Furthermore in an interview with FOX Business Network’s Neil Cavuto, J. Russell George, the inspector general for tax administration at Treasury, said there are now 53 corruption cases involving IRS employees stealing from the government program and that number could rise. George said he expects that the final number for this new government program will be much larger than just 53 corrupt government employees.
Russell testified before Congress last week that there are over 74,000 individuals who are trying to scam the new government managed mortgage tax credit program who do not qualify for it. It stands to cost taxpayers billions of dollars. The most egregious examples, George said, includes a 4-year-old who claimed the credit – one of more than 582 taxpayers under the legal age of 18 to claim about $millions using the credit.
Just say "NO" to government-managed crime like government Medicare and government mortgage bailout scams. The socialists are making America a banana republic.
This week we can expect relatively good economic news again. This weekend New England had more shoppers in the big malls than during the Xmas rush of 2008. It looks like consumers are now spending again. That should show up in the numbers next month but we should be seeing some improvement already.
Tuesday, Oct. 27 am:
Home Price Index
Consumer Confidence index.
Wednesday, Oct. 28 am:
Durable Goods Orders
New Home Sales
Thursday, Oct. 29 am:
Unemployment Claims
GDP (3rd Q)
Friday, Oct. 30 am:
Consumer income & spending
Chicago Purchase Manager Index
Consumer Sentiment
Today, Oct. 26
This week Uncle Sam plans to sell $123 billion worth of Treasuries. That will bring the country's debt level very close to the $12.1 trillion debt ceiling. The dollar is declining again, which generally causes commodities to rise in price and tends to please investors in US stocks. However the declining US dollar also makes emerging market stocks a hedge against inflation and that tends to hurt US investment.
Market forces October 26
The very good economic news last week went largely unreported while corporate insiders have been selling their holdings by a ratio running 40 to 1 since September 1st. That tells us the corporate insiders do not think this rally has much further to go. Profit taking continues to be advisable.
.
Asian markets were up last night; China up 0.1%, Hong Kong holiday, India down -0.4%, Japan up 0.8%, and Seoul up 1%.
European markets are up slightly in a range from 0.2% to 0.4% this morning about half way through their day.
US pre-market futures are up 0.1% today at 8:30 AM EST similar to before Friday's selloff.
Friday, October 23, 2009
Obama is doing the right thing with his clawbacks of obscene Wall Street thief salaries.
But Obama is treating just one symptom of Wall Street corruption not any of the causes of this systematic pilfering of public trust by Wall Street aristocrat-management.
For at least twenty years the world's corporate stockholders have been looted by management who rule just as the filthy rich and corrupt rulers of France when France was forced to apply the guillotine to solve their excessive top ececutive pay problem. Today corporate managers are able to loot because the boards of directors have become rubber stamps of pay raises because the board members lose their posh jobs if they do not approve. It is the same reason Moodys and S&P failed to honestly to report the true risks of the derivatives that brought down the banks. Moodys and S&P lied because they liked their easy jobs and knew they would lose their work contracts if they did not play along and report favorably. Wall Street is corrupt because like the old European Aristocracy everyone must play along and be dishonest to collect their income from the Emperor who today is usually the CEO.
Wall Street is rotten to the core right now because there are no checks and balances just as Obama's government is rotten because the Obama administration currently has the power to override opponents, abandon allies and even abandon our own troops in Afghanistan. When Lafayette was a General his personal income was 60,000 time what the average French Soldier was paid. Therefore General George Washington required that Lafayette personally pay for the food, transportation, clothing and housing of all the American troops Lafayette commanded.
The symptom of obscene pay is the result of widespread Wall Street intellectual corruption. The solution is independent checks and balances which requires that Wall Street lose its power to rubber stamp executives by stuffing the ballots as they do in Afghanistan. In addition the FED with the help of the FBI should have the power to claw back the money that was corruptly taken by executives. They must freeze corrupt executive thief's accounts just as America would freeze the accounts of a corrupt banana republic dictator thief. Clawbacks should go on all the time.
Market Outlook
US leading economic indicators rise again
The latest U.S. economic data suggest the American economy will grow next year despite continued high unemployment. The consensus view among economists is that the U.S. economy is expanding at a 3 percent annual rate in the final months of the year, marking the end of a recession that began in late 2007.
The New York-based Conference Board's index of leading economic indicators rose 1 percent last month, following a 0.4 percent gain in August. The index, which takes into account factors ranging from manufacturing hours worked to orders for goods to interest rates, is seen as a reliable indicator of where the U.S. economy is headed. "The six-month rise in the leading economic indicators really tells us that this recession looks to be done," said economist Joel Naroff.
October 22, 2009 U.S. Bureau of Labor Statistics releases
Manufacturing labor productivity decreased in 12 of 17 world economies compared in 2008. The Republic of Korea and the United States had the largest productivity increases (1.2 percent each) among the five economies where productivity increased.
In September, employers took 2,561 mass layoff actions involving 248,006 workers. Mass layoff events decreased by 129 and associated initial claims by 11,301 from August. Year-to-date events and initial claims are now 23,745 and 2,410,208, respectively.
Today, Oct. 23 AM
Existing home sales may actually increase due to foreclosures and the coming expiration of the first time buyer's tax credit of $9000.
Relative to the declines seen last year (i.e. seasonally adjusted) this will be a week of positive reporting. But relative to last month's reports this week will likely show several economic sectors remain in decline.
Market forces October 23
The very good economic news yesterday went largely unreported due to absurd sympathy shown for CEOs who are being forced to take pay cuts after nearly bankrupting not just their own firms but the entire world. At least Obama did not suggest the Guillotine for them.
Asian markets were up sharply last night; China up 1.8%, Hong Kong up 1.7%, India up 0.1%, Japan up 0.2, and Seoul up 0.6%.
European markets are up sharply in a range from 1% to 1.5% this morning about half way through their day.
US pre-market futures are up 0.1% today and rising at 8:30 AM EST.
For at least twenty years the world's corporate stockholders have been looted by management who rule just as the filthy rich and corrupt rulers of France when France was forced to apply the guillotine to solve their excessive top ececutive pay problem. Today corporate managers are able to loot because the boards of directors have become rubber stamps of pay raises because the board members lose their posh jobs if they do not approve. It is the same reason Moodys and S&P failed to honestly to report the true risks of the derivatives that brought down the banks. Moodys and S&P lied because they liked their easy jobs and knew they would lose their work contracts if they did not play along and report favorably. Wall Street is corrupt because like the old European Aristocracy everyone must play along and be dishonest to collect their income from the Emperor who today is usually the CEO.
Wall Street is rotten to the core right now because there are no checks and balances just as Obama's government is rotten because the Obama administration currently has the power to override opponents, abandon allies and even abandon our own troops in Afghanistan. When Lafayette was a General his personal income was 60,000 time what the average French Soldier was paid. Therefore General George Washington required that Lafayette personally pay for the food, transportation, clothing and housing of all the American troops Lafayette commanded.
The symptom of obscene pay is the result of widespread Wall Street intellectual corruption. The solution is independent checks and balances which requires that Wall Street lose its power to rubber stamp executives by stuffing the ballots as they do in Afghanistan. In addition the FED with the help of the FBI should have the power to claw back the money that was corruptly taken by executives. They must freeze corrupt executive thief's accounts just as America would freeze the accounts of a corrupt banana republic dictator thief. Clawbacks should go on all the time.
Market Outlook
US leading economic indicators rise again
The latest U.S. economic data suggest the American economy will grow next year despite continued high unemployment. The consensus view among economists is that the U.S. economy is expanding at a 3 percent annual rate in the final months of the year, marking the end of a recession that began in late 2007.
The New York-based Conference Board's index of leading economic indicators rose 1 percent last month, following a 0.4 percent gain in August. The index, which takes into account factors ranging from manufacturing hours worked to orders for goods to interest rates, is seen as a reliable indicator of where the U.S. economy is headed. "The six-month rise in the leading economic indicators really tells us that this recession looks to be done," said economist Joel Naroff.
October 22, 2009 U.S. Bureau of Labor Statistics releases
Manufacturing labor productivity decreased in 12 of 17 world economies compared in 2008. The Republic of Korea and the United States had the largest productivity increases (1.2 percent each) among the five economies where productivity increased.
In September, employers took 2,561 mass layoff actions involving 248,006 workers. Mass layoff events decreased by 129 and associated initial claims by 11,301 from August. Year-to-date events and initial claims are now 23,745 and 2,410,208, respectively.
Today, Oct. 23 AM
Existing home sales may actually increase due to foreclosures and the coming expiration of the first time buyer's tax credit of $9000.
Relative to the declines seen last year (i.e. seasonally adjusted) this will be a week of positive reporting. But relative to last month's reports this week will likely show several economic sectors remain in decline.
Market forces October 23
The very good economic news yesterday went largely unreported due to absurd sympathy shown for CEOs who are being forced to take pay cuts after nearly bankrupting not just their own firms but the entire world. At least Obama did not suggest the Guillotine for them.
Asian markets were up sharply last night; China up 1.8%, Hong Kong up 1.7%, India up 0.1%, Japan up 0.2, and Seoul up 0.6%.
European markets are up sharply in a range from 1% to 1.5% this morning about half way through their day.
US pre-market futures are up 0.1% today and rising at 8:30 AM EST.
Thursday, October 22, 2009
Obama Voodoo economics consists of robbing productive people to buy the votes of the growing welfare class the socialists are creating.
Market Outlook
Investment advisor Sy Harding announced yesterday that this year is not the statistical average year and the market has gone up and down just the opposite of the statistical average year. Therefore he is not predicting the normal end of year rally this year.
Jim Cramer and others indicate they would like to see a good 10% correction now. Just as they talked up the market for several months they now talk down the stocks they don't own. They would like a 20% decline in the junk cyclical stocks that still do not show positive earnings. They now only favor stocks with continuously advancing earnings power such as Apple. The net decline they describe would be 3% to 10% with a 20% hit in what they call the junk stocks. Consequently the funds appear to be hypersensitive and skewed negative at this time causing sudden declines like the 1.5% decline in the last hour yesterday when the market went from up 0.5% to down 1% for the day.
The Senate will decide soon whether to extend unemployment benefits or let 7000 people each day lose their unemployment benefits. Ending benefits would therefore cost the Senate 7000 additional election votes every day. Can you guess what the Senate will do?
Yesterday the FED's released their Beige Book minutes of September's meeting. Here is exactly what they said.
" Office of the Secretary memorandum, September 18, 2009.
Subject to review and determination by the Board of Governors, the directors of the Federal Reserve Banks of Boston, Cleveland, St. Louis, Dallas, and San Francisco had voted on September 10, 2009, and the directors of the Federal Reserve Banks of New York, Philadelphia, Richmond, Atlanta, Chicago, Minneapolis, and Kansas City had voted on September 17 to reestablish the existing rate for discounts and advances (1/2 percent) under the primary credit program (primary credit rate).
Federal Reserve Bank directors cited signs of an increase in economic activity and commented that prospects for growth during the second half of this year had improved. Some directors also noted that home prices appeared to be stabilizing. Nevertheless, directors generally regarded overall economic conditions as weak and financial markets, particularly the banking sector, as still strained. Household spending remained damped, constrained in part by job losses and consumer caution. However, some directors noted that businesses' inventories were now better aligned with sales. Inflation was generally seen as subdued and likely to remain so for some time because of considerable resource slack and modest inflation expectations. In these circumstances, directors agreed that the current accommodative stance of monetary policy remained appropriate."
The days ahead:
Today, Oct. 22 AM
Unemployment Claims are expected to be leveling off but with statistical ups and downs.
Leading Economic Indicators are expected to continue to say recovery is under way.
Friday, Oct. 23 AM
Existing home sales may actually increase due to foreclosures and the coming expiration of the first time buyer's tax credit of $9000.
Relative to the declines seen last year (i.e. seasonally adjusted) this will be a week of positive reporting. But relative to last month's reports this week will likely show several economic sectors remain in decline.
Market forces October 22
Hedge funds are shorting the market now in hopes of causing another correction in their out-of-favor-stocks that have taken a ride up with their favorites. They could succeed soon in toppling the market. For sure the market will react negatively the first time the FED raises their rates. We recommend taking profits.
How can anyone be truly optimistic that the socialists won't put America into another 1930's type depression until the Voodoo leftists are democratically voted out of office in 2010? Obama's money printing presses are roaring and he is giving out checks now to his supporters to buy votes just as every banana republic dictator does. In Detroit they were recently went to pick up their Obama checks. Obama Voodoo socialists say welfare is an economic stimulant but not tax reductions that stimulated the economy in the past! How confused these leftist lunatics are! They know they are giving the checks to buy votes to stay in power.
Asian markets were down last night; China down -0.6%, Hong Kong down -0.5%, India down -1.3%, Japan down -0.6, and Seoul down -1.4%.
European markets are down in a range from -0.7% to -1.1% this morning about half way through their day.
US pre-market futures are down today but rising towards positive territory at 7:30 AM EST.
Investment advisor Sy Harding announced yesterday that this year is not the statistical average year and the market has gone up and down just the opposite of the statistical average year. Therefore he is not predicting the normal end of year rally this year.
Jim Cramer and others indicate they would like to see a good 10% correction now. Just as they talked up the market for several months they now talk down the stocks they don't own. They would like a 20% decline in the junk cyclical stocks that still do not show positive earnings. They now only favor stocks with continuously advancing earnings power such as Apple. The net decline they describe would be 3% to 10% with a 20% hit in what they call the junk stocks. Consequently the funds appear to be hypersensitive and skewed negative at this time causing sudden declines like the 1.5% decline in the last hour yesterday when the market went from up 0.5% to down 1% for the day.
The Senate will decide soon whether to extend unemployment benefits or let 7000 people each day lose their unemployment benefits. Ending benefits would therefore cost the Senate 7000 additional election votes every day. Can you guess what the Senate will do?
Yesterday the FED's released their Beige Book minutes of September's meeting. Here is exactly what they said.
" Office of the Secretary memorandum, September 18, 2009.
Subject to review and determination by the Board of Governors, the directors of the Federal Reserve Banks of Boston, Cleveland, St. Louis, Dallas, and San Francisco had voted on September 10, 2009, and the directors of the Federal Reserve Banks of New York, Philadelphia, Richmond, Atlanta, Chicago, Minneapolis, and Kansas City had voted on September 17 to reestablish the existing rate for discounts and advances (1/2 percent) under the primary credit program (primary credit rate).
Federal Reserve Bank directors cited signs of an increase in economic activity and commented that prospects for growth during the second half of this year had improved. Some directors also noted that home prices appeared to be stabilizing. Nevertheless, directors generally regarded overall economic conditions as weak and financial markets, particularly the banking sector, as still strained. Household spending remained damped, constrained in part by job losses and consumer caution. However, some directors noted that businesses' inventories were now better aligned with sales. Inflation was generally seen as subdued and likely to remain so for some time because of considerable resource slack and modest inflation expectations. In these circumstances, directors agreed that the current accommodative stance of monetary policy remained appropriate."
The days ahead:
Today, Oct. 22 AM
Unemployment Claims are expected to be leveling off but with statistical ups and downs.
Leading Economic Indicators are expected to continue to say recovery is under way.
Friday, Oct. 23 AM
Existing home sales may actually increase due to foreclosures and the coming expiration of the first time buyer's tax credit of $9000.
Relative to the declines seen last year (i.e. seasonally adjusted) this will be a week of positive reporting. But relative to last month's reports this week will likely show several economic sectors remain in decline.
Market forces October 22
Hedge funds are shorting the market now in hopes of causing another correction in their out-of-favor-stocks that have taken a ride up with their favorites. They could succeed soon in toppling the market. For sure the market will react negatively the first time the FED raises their rates. We recommend taking profits.
How can anyone be truly optimistic that the socialists won't put America into another 1930's type depression until the Voodoo leftists are democratically voted out of office in 2010? Obama's money printing presses are roaring and he is giving out checks now to his supporters to buy votes just as every banana republic dictator does. In Detroit they were recently went to pick up their Obama checks. Obama Voodoo socialists say welfare is an economic stimulant but not tax reductions that stimulated the economy in the past! How confused these leftist lunatics are! They know they are giving the checks to buy votes to stay in power.
Asian markets were down last night; China down -0.6%, Hong Kong down -0.5%, India down -1.3%, Japan down -0.6, and Seoul down -1.4%.
European markets are down in a range from -0.7% to -1.1% this morning about half way through their day.
US pre-market futures are down today but rising towards positive territory at 7:30 AM EST.
Wednesday, October 21, 2009
Obama Voodoo energy policy has hunter-gathers overseeing the wasting the planet's natural gas by burning it off and polluting the atmosphere
Market Outlook
Natural gas futures prices are rising as new facilities draw off inventories. But still, most natural gas is being burned off into the atmosphere as a waste product from oil drilling. Militant socialist hunter gathers in Nigeria want a larger share of the profits from oil production and get attention by blowing up the Nigerian facilities. They claim they are the Robin Hoods of Africa scavenging from the rich oil consumers to provide welfare for the indigents. It beats having to have a steady job and fits very well with the culture of the hunter-gatherer. Natural gas is kept liquid by keeping it under pressure. That makes natural gas more vulnerable to socialist terrorism. Hunter-gatherers are socialists and do not believe in work. They religiously believe everyone has a right to the fruits of the earth freely given by mother earth. They scavenge by tapping into oil pipelines and every so often we hear of accidents where hundreds of socialists are killed when one of them lights up a cigarette.
The pre-conscious hunter-gatherer socialists are a pre-civilization culture. Civilization arose when people chose to work by the sweat of their brow and stay in one place and grow their own food. That required them to store food not just for the winter but also to store the best seed for the next year's planting. Free enterprise civilization became the immediate target of the socialist hunter-gathers that found civilized people to be easy pickings. That led to the need for a military to protect the free-enterprise producing civilizations from the lazy socialist scavengers. But unfortunately civilized people allowed the socialist scavengers to settle in the areas of civilization. Democracy worked well at a tribal level where the tribes were homogeneous civilized peoples but the scavengers loved their hunter-gather cultures and refused to integrate into the previously homogeneous free enterprise producer civilization. Each time the socialists refused to integrate and contribute to the civilization the civilization collapsed. The socialists believed their hunter-gatherer scavenging culture was less stressful and they chose to further insulate themselves from having to work by the sweat of their brows by refusing to learn the language of the civilized peoples. They felt their culture was superior and relaxed like living in the Garden of Eden and picking the fruit while the inferior civilized people had stress of planting, harvesting, investing in seed and worse still were un-cool nerdy cold hearted people who had to sweat to live. And to them sweating (work) is definitely uncool.
The fall of Rome is the classic example of what happens when hunter-gatherer-scavenging socialists migrate illegally into a civilized society and steal from the hard working culture to feed the scavenging socialist culture. The Goth invading hunter-gatherer tribes refused to learn the Latin language that was the language of western civilization. They also refused to work and contribute to national defense. However a few did join the Roman army to learn how to destroy Rome. They first went on the welfare rolls and began the bankruptcy of Rome. But ultimately welfare was not enough for them. The ransacked Rome and stole everything while raping and pillaging. The net result was several hundred years of a Great Depression that is known as the Dark Ages. These hunter-gatherers were of the tribe known as the Vandals. Hence that is the origin of the term vandalism. But if they had called themselves the tribe of Socialists perhaps their danger to American liberty and free enterprise would not be so great today.
Walt Disney portrayed them well with his animated story of the hard working ants and the scavenging grasshoppers. Today we have the socialist Voodoo science of "Climate Change." We are seeing Voodoo medicine with the H1N1 vaccine going into mass production with a 70% statistical confidence that it is effective in 26% of the injected instead of our old free-enterprise science that required 90% confidence that any vaccine be effective at with at least 70% of the injected. But the risk of fatal side effects of Voodoo Obama science is as high as ever. And today we have the socialist Voodoo economics of redistributing wealth from the workers to the people on welfare as Obama's way to end a recession. When FDR and Rome tried Obama's socialist Voodoo economics in the past it led to a depression. FDR reversed his socialism due to the threat of the Nationalist Socialists of Germany known as the Nazis. Only when FDR returned America to liberty and free enterprise did America recover.
The week ahead:
Housing Starts showed housing is beginning to rebound but it was spun negatively. The starts were flat when normally they decline as winter is approached. The hedge funds are apparently shorting the market now so they apparently don't want the seasonally adjusted numbers announced at this time. When the market drops 3% then it will be ok to tell the truth with no spin.
Today this PM, the FED's Beige Book sentiment expected to indicate the FED still believes deflation is the greater risk and the bubble continues to expand. To spin this negatively the shorted hedge funds will want to say… "But the FED may soon have to raise rates to strengthen the dollar."
Thursday, Oct. 22 AM
Unemployment Claims are expected to be leveling off but with statistical ups and downs.
Leading Economic Indicators are expected to continue to say recovery is under way.
Friday, Oct. 23 AM
Existing home sales may actually increase due to foreclosures.
Relative to the declines seen last year (i.e. seasonally adjusted) this will be a week of positive reporting. But relative to last month's reports this week will likely show several economic sectors remain in decline.
Market forces October 21
Hedge funds are shorting the market now in hopes of causing another correction and hence and profiting. They could succeed soon. We recommend taking profits.
How can anyone be truly optimistic that the socialists won't put us into another 1930's type depression until the Voodoo leftists are democratically voted out of office in 2010? Obama's money printing presses are roaring and he his giving out checks now to his supporters just as every banana republic dictator does. In Detroit they were recently told where to go to pick up their Obama checks. Obama Voodoo socialists say welfare is an economic stimulant, not tax reductions! How confused these leftist lunatics are! In truth they know they are giving the checks to buy votes to stay in power.
Asian markets were down last night; China down -0.5%, Hong Kong down -0.3%, India down -1.2%, Japan flat, and Seoul down -0.3%.
European markets are down in a range from -0.7% to -1.1% this morning about half way through their day.
US pre-market futures are down today by about 0.4% at 9:00 AM EST.
Natural gas futures prices are rising as new facilities draw off inventories. But still, most natural gas is being burned off into the atmosphere as a waste product from oil drilling. Militant socialist hunter gathers in Nigeria want a larger share of the profits from oil production and get attention by blowing up the Nigerian facilities. They claim they are the Robin Hoods of Africa scavenging from the rich oil consumers to provide welfare for the indigents. It beats having to have a steady job and fits very well with the culture of the hunter-gatherer. Natural gas is kept liquid by keeping it under pressure. That makes natural gas more vulnerable to socialist terrorism. Hunter-gatherers are socialists and do not believe in work. They religiously believe everyone has a right to the fruits of the earth freely given by mother earth. They scavenge by tapping into oil pipelines and every so often we hear of accidents where hundreds of socialists are killed when one of them lights up a cigarette.
The pre-conscious hunter-gatherer socialists are a pre-civilization culture. Civilization arose when people chose to work by the sweat of their brow and stay in one place and grow their own food. That required them to store food not just for the winter but also to store the best seed for the next year's planting. Free enterprise civilization became the immediate target of the socialist hunter-gathers that found civilized people to be easy pickings. That led to the need for a military to protect the free-enterprise producing civilizations from the lazy socialist scavengers. But unfortunately civilized people allowed the socialist scavengers to settle in the areas of civilization. Democracy worked well at a tribal level where the tribes were homogeneous civilized peoples but the scavengers loved their hunter-gather cultures and refused to integrate into the previously homogeneous free enterprise producer civilization. Each time the socialists refused to integrate and contribute to the civilization the civilization collapsed. The socialists believed their hunter-gatherer scavenging culture was less stressful and they chose to further insulate themselves from having to work by the sweat of their brows by refusing to learn the language of the civilized peoples. They felt their culture was superior and relaxed like living in the Garden of Eden and picking the fruit while the inferior civilized people had stress of planting, harvesting, investing in seed and worse still were un-cool nerdy cold hearted people who had to sweat to live. And to them sweating (work) is definitely uncool.
The fall of Rome is the classic example of what happens when hunter-gatherer-scavenging socialists migrate illegally into a civilized society and steal from the hard working culture to feed the scavenging socialist culture. The Goth invading hunter-gatherer tribes refused to learn the Latin language that was the language of western civilization. They also refused to work and contribute to national defense. However a few did join the Roman army to learn how to destroy Rome. They first went on the welfare rolls and began the bankruptcy of Rome. But ultimately welfare was not enough for them. The ransacked Rome and stole everything while raping and pillaging. The net result was several hundred years of a Great Depression that is known as the Dark Ages. These hunter-gatherers were of the tribe known as the Vandals. Hence that is the origin of the term vandalism. But if they had called themselves the tribe of Socialists perhaps their danger to American liberty and free enterprise would not be so great today.
Walt Disney portrayed them well with his animated story of the hard working ants and the scavenging grasshoppers. Today we have the socialist Voodoo science of "Climate Change." We are seeing Voodoo medicine with the H1N1 vaccine going into mass production with a 70% statistical confidence that it is effective in 26% of the injected instead of our old free-enterprise science that required 90% confidence that any vaccine be effective at with at least 70% of the injected. But the risk of fatal side effects of Voodoo Obama science is as high as ever. And today we have the socialist Voodoo economics of redistributing wealth from the workers to the people on welfare as Obama's way to end a recession. When FDR and Rome tried Obama's socialist Voodoo economics in the past it led to a depression. FDR reversed his socialism due to the threat of the Nationalist Socialists of Germany known as the Nazis. Only when FDR returned America to liberty and free enterprise did America recover.
The week ahead:
Housing Starts showed housing is beginning to rebound but it was spun negatively. The starts were flat when normally they decline as winter is approached. The hedge funds are apparently shorting the market now so they apparently don't want the seasonally adjusted numbers announced at this time. When the market drops 3% then it will be ok to tell the truth with no spin.
Today this PM, the FED's Beige Book sentiment expected to indicate the FED still believes deflation is the greater risk and the bubble continues to expand. To spin this negatively the shorted hedge funds will want to say… "But the FED may soon have to raise rates to strengthen the dollar."
Thursday, Oct. 22 AM
Unemployment Claims are expected to be leveling off but with statistical ups and downs.
Leading Economic Indicators are expected to continue to say recovery is under way.
Friday, Oct. 23 AM
Existing home sales may actually increase due to foreclosures.
Relative to the declines seen last year (i.e. seasonally adjusted) this will be a week of positive reporting. But relative to last month's reports this week will likely show several economic sectors remain in decline.
Market forces October 21
Hedge funds are shorting the market now in hopes of causing another correction and hence and profiting. They could succeed soon. We recommend taking profits.
How can anyone be truly optimistic that the socialists won't put us into another 1930's type depression until the Voodoo leftists are democratically voted out of office in 2010? Obama's money printing presses are roaring and he his giving out checks now to his supporters just as every banana republic dictator does. In Detroit they were recently told where to go to pick up their Obama checks. Obama Voodoo socialists say welfare is an economic stimulant, not tax reductions! How confused these leftist lunatics are! In truth they know they are giving the checks to buy votes to stay in power.
Asian markets were down last night; China down -0.5%, Hong Kong down -0.3%, India down -1.2%, Japan flat, and Seoul down -0.3%.
European markets are down in a range from -0.7% to -1.1% this morning about half way through their day.
US pre-market futures are down today by about 0.4% at 9:00 AM EST.
Tuesday, October 20, 2009
BKS, the largest bookseller unveils new electronic book-reader today
Market Outlook
Barnes and Nobel enters the electronic book age today seeking market share with a competitive electronic book with immediate access to over 1000 electronic books. Google and Microsoft have been electronically capturing books, art, and even satellite pictures for almost a decade creating a public knowledge base to which BKS provides a new key to unlock the national treasure.
Galleon Group’s analysts, portfolio managers and traders are preparing to leave after the arrest of Raj Rajaratnam, the hedge-fund firm’s founder, led to a flood of fund redemption requests. It is expected that the fund will be sold off quickly. The degree of insider trading is enormous as we pointed out before from the "coincident" rise in stock prices before Jim Cramer and others announce their stock recommendations.
The Obama tyranny grows as they label FOX NEWS a political enemy. Obama takes the glorious socialist path of the Iranian High Council in attacking and controlling national media. Obama campaign staff also recently bragged that they won the election by controlling the news dissemination. Obama now joins Nixon as the second US president to have an enemies list. Isolationism is where the democrat socialists are taking America now as we venture into the hallucinogenic state of imagined human caused climate change, and rock music therapy for world hunger. Obama leftist lunatics, corrupt community activists, and socialists in Congress are now spending money fast enough to destroy America. Hopefully America will wake up in 1010 and throw the Democrat and Republican socialists out en masse.
The week ahead:
We expect positive reports all week.
Tuesday, Oct. 20 AM:
Housing Starts are expected to indicate housing is beginning to rebound.
Wednesday, Oct. 21 PM
FED's Beige Book sentiment expected to indicate the FED still believes deflation is the greater risk and the bubble continues to expand.
Thursday, Oct. 22 AM
Unemployment Claims are expected to be leveling off but with statistical ups and downs.
Leading Economic Indicators are expected to continue to say recovery is under way.
Friday, Oct. 23 AM
Existing home sales may actually increase due to foreclosures.
Relative to the declines seen last year this will be a week of positive reporting. But relative to last month's reports this week will likely show several economic sectors remain in decline.
Market forces October 20
Apple led the tech stocks and the market to new 52-week highs yesterday and into the night.
The question is, "When will this market bubble go *pop*." Basically one needs to always be out before or early in the next decline because the next decline could possibly be when the bubble pops. Traders get out every day before the close. Investors of late have about a month in each rally.
How can anyone be truly optimistic that the socialists won't put us into another 1930's type depression until the leftists are democratically voted out of office in 2010? Obama's money printing presses are roaring and he his giving out checks now to his supporters just as every banana republic dictator does. In Detroit they were recently told where to go to pick up their Obama checks. Obama socialists say welfare is an economic stimulant, not tax reductions! How confused these leftist lunatics are! In truth they know they are giving the checks to buy votes and stay in power.
Asian markets were up last night; China up 1.5%, Hong Kong up 0.8%, India adjusts from holiday, Japan up 1%, and Seoul up 0.5%.
European markets are up in a range from 0.1% to 0.4% this morning about half way through their day.
US pre-market futures are higher today by about 0.3% at 8:00 AM EST.
Market Outlook
Barnes and Nobel enters the electronic book age today seeking market share with a competitive electronic book with immediate access to over 1000 electronic books. Google and Microsoft have been electronically capturing books, art, and even satellite pictures for almost a decade creating a public knowledge base to which BKS provides a new key to unlock the national treasure.
Galleon Group’s analysts, portfolio managers and traders are preparing to leave after the arrest of Raj Rajaratnam, the hedge-fund firm’s founder, led to a flood of fund redemption requests. It is expected that the fund will be sold off quickly. The degree of insider trading is enormous as we pointed out before from the "coincident" rise in stock prices before Jim Cramer and others announce their stock recommendations.
The Obama tyranny grows as they label FOX NEWS a political enemy. Obama takes the glorious socialist path of the Iranian High Council in attacking and controlling national media. Obama campaign staff also recently bragged that they won the election by controlling the news dissemination. Obama now joins Nixon as the second US president to have an enemies list. Isolationism is where the democrat socialists are taking America now as we venture into the hallucinogenic state of imagined human caused climate change, and rock music therapy for world hunger. Obama leftist lunatics, corrupt community activists, and socialists in Congress are now spending money fast enough to destroy America. Hopefully America will wake up in 1010 and throw the Democrat and Republican socialists out en masse.
The week ahead:
We expect positive reports all week.
Tuesday, Oct. 20 AM:
Housing Starts are expected to indicate housing is beginning to rebound.
Wednesday, Oct. 21 PM
FED's Beige Book sentiment expected to indicate the FED still believes deflation is the greater risk and the bubble continues to expand.
Thursday, Oct. 22 AM
Unemployment Claims are expected to be leveling off but with statistical ups and downs.
Leading Economic Indicators are expected to continue to say recovery is under way.
Friday, Oct. 23 AM
Existing home sales may actually increase due to foreclosures.
Relative to the declines seen last year this will be a week of positive reporting. But relative to last month's reports this week will likely show several economic sectors remain in decline.
Market forces October 20
Apple led the tech stocks and the market to new 52-week highs yesterday and into the night.
The question is, "When will this market bubble go *pop*." Basically one needs to always be out before or early in the next decline because the next decline could possibly be when the bubble pops. Traders get out every day before the close. Investors of late have about a month in each rally.
How can anyone be truly optimistic that the socialists won't put us into another 1930's type depression until the leftists are democratically voted out of office in 2010? Obama's money printing presses are roaring and he his giving out checks now to his supporters just as every banana republic dictator does. In Detroit they were recently told where to go to pick up their Obama checks. Obama socialists say welfare is an economic stimulant, not tax reductions! How confused these leftist lunatics are! In truth they know they are giving the checks to buy votes and stay in power.
Asian markets were up last night; China up 1.5%, Hong Kong up 0.8%, India adjusts from holiday, Japan up 1%, and Seoul up 0.5%.
European markets are up in a range from 0.1% to 0.4% this morning about half way through their day.
US pre-market futures are higher today by about 0.3% at 8:00 AM EST.
Monday, October 19, 2009
The Dollar and Yen are both taking the hit now as the Asian currencies rise. Yet they cannot get enough of the declining dollar.
Market Outlook
The currency markets are beginning to behave erratically as well as irrationally. Asia continues to pile up sales and refuses to try to balance world trade. Yet, it is a viscous cycle for China and India to maintain. If they do not buy the dollar America then has no money to buy their products and then they slip into a severe recession and their own currencies will crumble as the have done in the past. So selling debt is the crack cocaine of the Democrat-socialists and buying American debt is the crack cocaine of the Asian manufacturers. Now one might think that at some point the Asians would use their cash to buy crumbling American commercial real estate. But Japan tried that in the early 90's and they still have not recovered from those investment losses.
The failure of the banking regulators to follow up on the 2006 advisory, that banks avoid letting commercial real-estate holdings exceed 300 percent their capital, has emerged as the reason at least 20 out of 23 banks later collapsed, reported the agency’s watchdog. Commercial real estate failures continue to grow even as the second wave of home mortgage failures grows. The second wave is due to the loss of jobs of people with mortgages and we still have no confirmation that the peak in layoffs is behind us.
This decay of the west is nothing new. It preceded and resulted in WWI and WWII each time when America beacon of liberty was snuffed out by socialists and the nation receded into isolationism. Socialism and communism got their names in the late 1800's but the use of democracy by the lazy, the corrupt, and the criminal to steal from honest hard working people has been around since Athenian democracy. While democracy is an important component of American success, it is American liberty, free enterprise and rational self interest in the thousands of lights of support of kindness towards one another that has made America not just the beacon of liberty but the world powerhouse of innovation. As American socialists become more powerful and steal more from our innovators and workers via taxes, the light of liberty and the energy of innovation are extinguished.
Isolationism is where the democrat socialists are taking America now as we venture into the hallucinogenic state of imagined human caused climate change, and rock music therapy for world hunger. Obama leftist lunatics, corrupt community activists, and socialists in Congress are now spending money fast enough to destroy America. Hopefully America will wake up in 1010 and throw the Democrat and Republican socialists out en masse.
The week ahead:
We expect positive reports all week but the powers that be are beginning to spin the news negatively indicating that hedge funds are shorting again and may be the ones investing heavily in December Puts.
Monday, Oct. 19 PM:
Housing Market Index
Tuesday, Oct. 20 AM:
Housing Starts
Wednesday, Oct. 21 PM
FED's Beige Book sentiment
Thursday, Oct. 22 AM
Unemployment Claims
Leading Economic Indicators
Friday, Oct. 23 AM
Existing home sales
Relative to the declines seen last year this will be a week of positive reporting. But relative to last month's reports this week will likely show several economic sectors remain in decline.
Market forces October 19
The question is, "When will this market bubble go *pop*."
Basically one needs to always be out before or early in the next decline because the next decline could always be when the bubble pops. Traders get out every day before the close. Investors have about a month in each rally of late.
How can anyone be truly optimistic that the socialists won't put us into another 1930's type depression until the leftists are democratically voted out of office in 2010? Obama's money printing presses are roaring and he his giving out checks now to his supporters just as every banana republic dictator does. In Detroit they were recently told where to go to pick up their Obama checks. Obama socialists say welfare is an economic stimulant, not tax reductions! How confused these leftist lunatics are! In truth they know they are giving the checks to buy votes and stay in power.
Asian markets were up last night; China up 2.1%, Hong Kong up 1.2%, India closed, Japan down -0.2%, and Seoul up 0.5%.
European markets are up in a range from 1.3% to 1.5% this morning about half way through their day.
US pre-market futures are higher today by about 0.5% at 9:00 AM.
The currency markets are beginning to behave erratically as well as irrationally. Asia continues to pile up sales and refuses to try to balance world trade. Yet, it is a viscous cycle for China and India to maintain. If they do not buy the dollar America then has no money to buy their products and then they slip into a severe recession and their own currencies will crumble as the have done in the past. So selling debt is the crack cocaine of the Democrat-socialists and buying American debt is the crack cocaine of the Asian manufacturers. Now one might think that at some point the Asians would use their cash to buy crumbling American commercial real estate. But Japan tried that in the early 90's and they still have not recovered from those investment losses.
The failure of the banking regulators to follow up on the 2006 advisory, that banks avoid letting commercial real-estate holdings exceed 300 percent their capital, has emerged as the reason at least 20 out of 23 banks later collapsed, reported the agency’s watchdog. Commercial real estate failures continue to grow even as the second wave of home mortgage failures grows. The second wave is due to the loss of jobs of people with mortgages and we still have no confirmation that the peak in layoffs is behind us.
This decay of the west is nothing new. It preceded and resulted in WWI and WWII each time when America beacon of liberty was snuffed out by socialists and the nation receded into isolationism. Socialism and communism got their names in the late 1800's but the use of democracy by the lazy, the corrupt, and the criminal to steal from honest hard working people has been around since Athenian democracy. While democracy is an important component of American success, it is American liberty, free enterprise and rational self interest in the thousands of lights of support of kindness towards one another that has made America not just the beacon of liberty but the world powerhouse of innovation. As American socialists become more powerful and steal more from our innovators and workers via taxes, the light of liberty and the energy of innovation are extinguished.
Isolationism is where the democrat socialists are taking America now as we venture into the hallucinogenic state of imagined human caused climate change, and rock music therapy for world hunger. Obama leftist lunatics, corrupt community activists, and socialists in Congress are now spending money fast enough to destroy America. Hopefully America will wake up in 1010 and throw the Democrat and Republican socialists out en masse.
The week ahead:
We expect positive reports all week but the powers that be are beginning to spin the news negatively indicating that hedge funds are shorting again and may be the ones investing heavily in December Puts.
Monday, Oct. 19 PM:
Housing Market Index
Tuesday, Oct. 20 AM:
Housing Starts
Wednesday, Oct. 21 PM
FED's Beige Book sentiment
Thursday, Oct. 22 AM
Unemployment Claims
Leading Economic Indicators
Friday, Oct. 23 AM
Existing home sales
Relative to the declines seen last year this will be a week of positive reporting. But relative to last month's reports this week will likely show several economic sectors remain in decline.
Market forces October 19
The question is, "When will this market bubble go *pop*."
Basically one needs to always be out before or early in the next decline because the next decline could always be when the bubble pops. Traders get out every day before the close. Investors have about a month in each rally of late.
How can anyone be truly optimistic that the socialists won't put us into another 1930's type depression until the leftists are democratically voted out of office in 2010? Obama's money printing presses are roaring and he his giving out checks now to his supporters just as every banana republic dictator does. In Detroit they were recently told where to go to pick up their Obama checks. Obama socialists say welfare is an economic stimulant, not tax reductions! How confused these leftist lunatics are! In truth they know they are giving the checks to buy votes and stay in power.
Asian markets were up last night; China up 2.1%, Hong Kong up 1.2%, India closed, Japan down -0.2%, and Seoul up 0.5%.
European markets are up in a range from 1.3% to 1.5% this morning about half way through their day.
US pre-market futures are higher today by about 0.5% at 9:00 AM.
Friday, October 16, 2009
The stock market in China has hit a resistance level starting in July.
Market Outlook
We are taking profits as fast as possible while they last. When stocks rise 9% or 11% in one day we know that is not a high probable result so we take such gains before the market close because we know that by the next morning investors will be lining up to sell.
The turnaround for the economy is now real but fragile. But the real problem is the moral decay of socialism; the decadence of the west as Daniel Henninger described in the WSJ yesterday. The peace prizes for Al Gore and Obama bring home this point. The decadent old Europe which Obama wants to emulate with socialism has only five nations left that can muster more than 2% of their national budget for their own defense much less to help nations being overrun by evil neighbors and sick social/theocratic ideologies. The preoccupation with Europe's decadent belief in the hoax called human caused climate change shows how silly and capricious the decadence has become. Next it will be peace prizes for the latest diet or vitamin regime. The decadent west cannot face the hard decisions any more like the Pershing missile defense system Europe deployed in 1983 aimed at the Soviet Union. Today there is no backbone left due to creeping socialism.
This decay of the west is nothing new. It preceded and resulted in WWI and WWII each time when America receded into isolationism. Socialism and communisim were invented in the 1800's. Isolationism is where the democrat socialists are taking America now as we venture into the hallucinogenic state of imagined human caused climate change, and music therapy for world hunger. Hopefully America will wake up in 1010 and throw the Democrat and Republican socialists out en masse.
Only the private sector can create jobs that create value and wealth that can then be used to pay taxes and make government sustainable. Communist/socialist government jobs require taxes on productive people and productive industries and create a dependent majority of freeloaders, political hacks, with make work jobs for unemployable hunter-gatherers, and union jobs with freeloading featherbeds, corruption and strikes. In socialist France even the doctors go on strike. In communist East Germany the people had a saying, "Government pretends to pay the people and the people pretend to work. Government printing money to pay people to do nothing does not work and never has worked. We need to also remember that Obama has two tax cheats to oversee the American economy and originally hired an avowed communist for nationalizing the American auto manufacturers. Today Ford is the only American auto manufacturer and all the rest are run by socialist or communist manufactures.
Unfortunately socialists like Obama historically cause depressions. Those depressions always had an intermediate economic turn around before the government "stimulation effort" failed and the "Great Depression" began. We need a congress that supports free enterprise elected in 2010 or else this socialist depression can go on for 10 to 50 years before the government is thrown out or destroyed by wars. The soviet empire endured 50 years of what we would classify as the misery of a great depression. National Socialism brought Germany to smoldering bombed out ruins.
Economic news today, Friday, Oct. 16,will focus on
---Industrial Production/Capacity Utilization - Sep
---Consumer Sentiment
Market forces October 15
Bank of America's lost $1 Billion in the third Quarter due to Barney Frank's mortgage related defaults at this biggest U.S. lender.
GE's profit toped estimates on industrial-unit cost cuts but analysts are spinning it negative today. It is unreasonable to expect sales growth under socialist repression of productive people.
At Dow 10000 we are back to where we were in October of 2008 and in 2004 and April of 1999 before that. But today we have a radical left socialist government in power capable of bringing down America with their parasitic socialism… decaying from the inside. Ayn Rand escaped Soviet despotism and spent her whole life fighting what she called the parasites of socialism that work like worms in the brains of leftists. Economist Alan Greenspan is perhaps the best known of today's followers of Ayn Rand. While we are not Ayn Rand devotees her works are nevertheless well worth reading as socialism poisons and attempts to kill liberty and free enterprise with welfare for the indigent and government hacks paid for with taxes on the working Americans. This attack by tyranny on American liberty and free enterprise is as old as America.
We are optimistic again, ha, ha. How can anyone be truly optimistic until the leftists are democratically voted out of office? The market has to rise 40% just to get to its 2007 levels without the inflation of Obama's printing presses. There is quite a bit of upward potential left but we are entering a potential horizontal consolidating market value range and Obama socialism can still cause another Great Depression.
Asian markets entered a consolidating range in July and were flat last night; China down -0.1%, Hong Kong down -0.3%, India up 0.7%, Japan up 0.2%, and Seoul down -1.1%.
European markets are down in a range from -0.4% to -0.7% this morning about half way through their day.
US pre-market are lower today by about -0.3% at 8:00 AM EST as analysts create a negative spin to see if this rally really has legs. Yesterday was an up day even though it started near -0.5%.
We are taking profits as fast as possible while they last. When stocks rise 9% or 11% in one day we know that is not a high probable result so we take such gains before the market close because we know that by the next morning investors will be lining up to sell.
The turnaround for the economy is now real but fragile. But the real problem is the moral decay of socialism; the decadence of the west as Daniel Henninger described in the WSJ yesterday. The peace prizes for Al Gore and Obama bring home this point. The decadent old Europe which Obama wants to emulate with socialism has only five nations left that can muster more than 2% of their national budget for their own defense much less to help nations being overrun by evil neighbors and sick social/theocratic ideologies. The preoccupation with Europe's decadent belief in the hoax called human caused climate change shows how silly and capricious the decadence has become. Next it will be peace prizes for the latest diet or vitamin regime. The decadent west cannot face the hard decisions any more like the Pershing missile defense system Europe deployed in 1983 aimed at the Soviet Union. Today there is no backbone left due to creeping socialism.
This decay of the west is nothing new. It preceded and resulted in WWI and WWII each time when America receded into isolationism. Socialism and communisim were invented in the 1800's. Isolationism is where the democrat socialists are taking America now as we venture into the hallucinogenic state of imagined human caused climate change, and music therapy for world hunger. Hopefully America will wake up in 1010 and throw the Democrat and Republican socialists out en masse.
Only the private sector can create jobs that create value and wealth that can then be used to pay taxes and make government sustainable. Communist/socialist government jobs require taxes on productive people and productive industries and create a dependent majority of freeloaders, political hacks, with make work jobs for unemployable hunter-gatherers, and union jobs with freeloading featherbeds, corruption and strikes. In socialist France even the doctors go on strike. In communist East Germany the people had a saying, "Government pretends to pay the people and the people pretend to work. Government printing money to pay people to do nothing does not work and never has worked. We need to also remember that Obama has two tax cheats to oversee the American economy and originally hired an avowed communist for nationalizing the American auto manufacturers. Today Ford is the only American auto manufacturer and all the rest are run by socialist or communist manufactures.
Unfortunately socialists like Obama historically cause depressions. Those depressions always had an intermediate economic turn around before the government "stimulation effort" failed and the "Great Depression" began. We need a congress that supports free enterprise elected in 2010 or else this socialist depression can go on for 10 to 50 years before the government is thrown out or destroyed by wars. The soviet empire endured 50 years of what we would classify as the misery of a great depression. National Socialism brought Germany to smoldering bombed out ruins.
Economic news today, Friday, Oct. 16,will focus on
---Industrial Production/Capacity Utilization - Sep
---Consumer Sentiment
Market forces October 15
Bank of America's lost $1 Billion in the third Quarter due to Barney Frank's mortgage related defaults at this biggest U.S. lender.
GE's profit toped estimates on industrial-unit cost cuts but analysts are spinning it negative today. It is unreasonable to expect sales growth under socialist repression of productive people.
At Dow 10000 we are back to where we were in October of 2008 and in 2004 and April of 1999 before that. But today we have a radical left socialist government in power capable of bringing down America with their parasitic socialism… decaying from the inside. Ayn Rand escaped Soviet despotism and spent her whole life fighting what she called the parasites of socialism that work like worms in the brains of leftists. Economist Alan Greenspan is perhaps the best known of today's followers of Ayn Rand. While we are not Ayn Rand devotees her works are nevertheless well worth reading as socialism poisons and attempts to kill liberty and free enterprise with welfare for the indigent and government hacks paid for with taxes on the working Americans. This attack by tyranny on American liberty and free enterprise is as old as America.
We are optimistic again, ha, ha. How can anyone be truly optimistic until the leftists are democratically voted out of office? The market has to rise 40% just to get to its 2007 levels without the inflation of Obama's printing presses. There is quite a bit of upward potential left but we are entering a potential horizontal consolidating market value range and Obama socialism can still cause another Great Depression.
Asian markets entered a consolidating range in July and were flat last night; China down -0.1%, Hong Kong down -0.3%, India up 0.7%, Japan up 0.2%, and Seoul down -1.1%.
European markets are down in a range from -0.4% to -0.7% this morning about half way through their day.
US pre-market are lower today by about -0.3% at 8:00 AM EST as analysts create a negative spin to see if this rally really has legs. Yesterday was an up day even though it started near -0.5%.
Thursday, October 15, 2009
The breakout occurred. A 20% rally could easily occur this time.
Market Outlook
We are ~99% invested at this point. The turnaround for the economy is now real but fragile. Only the private sector can create jobs that create value and wealth that can be used to pay taxes and make government sustainable. Government jobs require taxes and create dependency, political hacks, make work jobs for unemployable hunter-gatherers, and union jobs with freeloading featherbeders, corruption and strikes. In socialist France even the doctors go on strike. In communist East Germany the people had a saying, "Government pretends to pay the people and the people pretend to work." Government printing money to pay people to do nothing does not work and never has worked long before.
In Africa under socialist Sharia law the saying is "Kill the farmers, kill the Christians, and rape the unfaithful women and take what they have and have a good life, and 90 virgins in death." All forms of socialism and communism are rule by the majority for the mentally ill governing elite. When the socialist majority thinks they have a mandate their first task is always to criminalize and crush their opposition. Criticism of the government becomes a crime and the children are asked in school to report their parent's crimes against socialism. This is the direction America is heading with the current democrat-socialist congress and their socialized medicine and nationalization of auto and banking sectors. When America ceases to be the world's anchor of free enterprise and liberty the whole world will be adrift again as when American withdrew to isolationism before the two world wars. For America to avoid a depression and a world nuclear war the socialist American congress needs to be thrown out of office in 2010. Nationalist socialism, religious socialism, and communist socialism are all forms of sick obsessed elitism where the elitists think their beliefs are superior and they should make all the decisions and should plan our lives for us. Whether it was an inquisition, Hitler's Nationalist Socialism, Stalin's Gulag, Mao's one bullet to the head, or the Mullahs slow sawing off of screaming heads… they all eventually accrued majority power and created tyrannies that slaughtered everyone who disagreed with their government policies.
This week we have important reports that we believe will support the conclusion that a turn around actually began just this past month. Unfortunately socialist cause depressions that always have an intermediate turn around before the government "stimulation effort" fails and the "Great Depression" begins in a fury. We need a congress that supports free enterprise elected in 2010 or else a socialist depression can go on for 10 to 50 years before the government is thrown out or destroyed by war.
The peak foreclosure rate is now a thing of the past. The third quarter foreclosure rate was up 23% from a year earlier and at the peak rate for this recession. The peak occurred in August, and September foreclosures began to drop. The foreclosure rate dropped 4% in September from the record level in August and September was only the third highest level of this recession. The real estate market has begun to turn around but as businesses continue to cut costs to remain solvent they continue to lay off workers. Too many home mortgage owners continue to lose their jobs.
However cost cutting is allowing banks and many businesses to turn profits again and soon hiring can begin as business expands and creates wealth.
Thursday, Oct. 15am:
--- Unemployment Claims
---Consumer Price Index
---NY State Mfg. Index
---Philly Fed Index
Friday, Oct. 16 am:
---Industrial Production
Capacity Utilization - Sep
---Consumer Sentiment
Market forces October 14
At Dow 10000 we are back to where we were in October of 2008, and in october 2004 and in April of 1999 before that. So in essence we have 2009 values priced as they were in 1999. Therefore the market's hidden value in our economy is enormous right now. Even if we had not added value in the last ten years the price of the market should have gone up due to inflation alone. And of course were have actually added tremendouse value since 1999.
We are optimistic and virtually fully invested again. The market has to rise 40% just to get to its 2007 levels without the inflation of Obama's printing presses. There is quite a bit of upward potential left.
Asian markets were up last night; China up 0.3%, Hong Kong up 0.5%, India down -0.2%, Japan up 1.8%, and Seoul up 0.6%.
European markets are down in a range from -0.2% to -0.5% this morning about half way through their day.
US pre-market are lower today by about -0.4% at 8:30 AM EST
We are ~99% invested at this point. The turnaround for the economy is now real but fragile. Only the private sector can create jobs that create value and wealth that can be used to pay taxes and make government sustainable. Government jobs require taxes and create dependency, political hacks, make work jobs for unemployable hunter-gatherers, and union jobs with freeloading featherbeders, corruption and strikes. In socialist France even the doctors go on strike. In communist East Germany the people had a saying, "Government pretends to pay the people and the people pretend to work." Government printing money to pay people to do nothing does not work and never has worked long before.
In Africa under socialist Sharia law the saying is "Kill the farmers, kill the Christians, and rape the unfaithful women and take what they have and have a good life, and 90 virgins in death." All forms of socialism and communism are rule by the majority for the mentally ill governing elite. When the socialist majority thinks they have a mandate their first task is always to criminalize and crush their opposition. Criticism of the government becomes a crime and the children are asked in school to report their parent's crimes against socialism. This is the direction America is heading with the current democrat-socialist congress and their socialized medicine and nationalization of auto and banking sectors. When America ceases to be the world's anchor of free enterprise and liberty the whole world will be adrift again as when American withdrew to isolationism before the two world wars. For America to avoid a depression and a world nuclear war the socialist American congress needs to be thrown out of office in 2010. Nationalist socialism, religious socialism, and communist socialism are all forms of sick obsessed elitism where the elitists think their beliefs are superior and they should make all the decisions and should plan our lives for us. Whether it was an inquisition, Hitler's Nationalist Socialism, Stalin's Gulag, Mao's one bullet to the head, or the Mullahs slow sawing off of screaming heads… they all eventually accrued majority power and created tyrannies that slaughtered everyone who disagreed with their government policies.
This week we have important reports that we believe will support the conclusion that a turn around actually began just this past month. Unfortunately socialist cause depressions that always have an intermediate turn around before the government "stimulation effort" fails and the "Great Depression" begins in a fury. We need a congress that supports free enterprise elected in 2010 or else a socialist depression can go on for 10 to 50 years before the government is thrown out or destroyed by war.
The peak foreclosure rate is now a thing of the past. The third quarter foreclosure rate was up 23% from a year earlier and at the peak rate for this recession. The peak occurred in August, and September foreclosures began to drop. The foreclosure rate dropped 4% in September from the record level in August and September was only the third highest level of this recession. The real estate market has begun to turn around but as businesses continue to cut costs to remain solvent they continue to lay off workers. Too many home mortgage owners continue to lose their jobs.
However cost cutting is allowing banks and many businesses to turn profits again and soon hiring can begin as business expands and creates wealth.
Thursday, Oct. 15am:
--- Unemployment Claims
---Consumer Price Index
---NY State Mfg. Index
---Philly Fed Index
Friday, Oct. 16 am:
---Industrial Production
Capacity Utilization - Sep
---Consumer Sentiment
Market forces October 14
At Dow 10000 we are back to where we were in October of 2008, and in october 2004 and in April of 1999 before that. So in essence we have 2009 values priced as they were in 1999. Therefore the market's hidden value in our economy is enormous right now. Even if we had not added value in the last ten years the price of the market should have gone up due to inflation alone. And of course were have actually added tremendouse value since 1999.
We are optimistic and virtually fully invested again. The market has to rise 40% just to get to its 2007 levels without the inflation of Obama's printing presses. There is quite a bit of upward potential left.
Asian markets were up last night; China up 0.3%, Hong Kong up 0.5%, India down -0.2%, Japan up 1.8%, and Seoul up 0.6%.
European markets are down in a range from -0.2% to -0.5% this morning about half way through their day.
US pre-market are lower today by about -0.4% at 8:30 AM EST
Wednesday, October 14, 2009
Breakout looks probable. If it breaks out it could rise 20% this time.
Market Outlook
We are about 90% invested at this point. The turnaround for the economy is now real and no longer just pep talk and BS as when Jim Cramer said the real estate market turn around was three months ago. Too many mortgage owners continue to lose their jobs. The real estate market still has not turned around and it cannot until unemployment begins to peak.
This week we have important reports that we believe will support the conclusion that the turn around actually began just this past month.
Wednesday, Oct. 14:
---Retail Sales am
--- FOMC minutes pm
Thursday, Oct. 15am:
--- Unemployment Claims
---Consumer Price Index
---NY State Mfg. Index
---Philly Fed Index
Friday, Oct. 16 am:
---Industrial Production
Capacity Utilization - Sep
---Consumer Sentiment
Market forces October 14
We are at a critical juncture. Failure to break out within the next two weeks could result in a significant correction. We are optimistic though and virtually fully invested again. The market has to rise 40% just to get to its 2007 levels. There is quite a bit of upward potential left.
Asian markets were up last night; China up 1.2%, Hong Kong up 2%, India closed, Japan down - 0.2%, and Seoul up 1.2%.
European markets are up sharply in a range from 1.8% to 2.4% this morning about half way through their day.
US pre-market are higher today by about 1% at 9:00 AM EST
We are about 90% invested at this point. The turnaround for the economy is now real and no longer just pep talk and BS as when Jim Cramer said the real estate market turn around was three months ago. Too many mortgage owners continue to lose their jobs. The real estate market still has not turned around and it cannot until unemployment begins to peak.
This week we have important reports that we believe will support the conclusion that the turn around actually began just this past month.
Wednesday, Oct. 14:
---Retail Sales am
--- FOMC minutes pm
Thursday, Oct. 15am:
--- Unemployment Claims
---Consumer Price Index
---NY State Mfg. Index
---Philly Fed Index
Friday, Oct. 16 am:
---Industrial Production
Capacity Utilization - Sep
---Consumer Sentiment
Market forces October 14
We are at a critical juncture. Failure to break out within the next two weeks could result in a significant correction. We are optimistic though and virtually fully invested again. The market has to rise 40% just to get to its 2007 levels. There is quite a bit of upward potential left.
Asian markets were up last night; China up 1.2%, Hong Kong up 2%, India closed, Japan down - 0.2%, and Seoul up 1.2%.
European markets are up sharply in a range from 1.8% to 2.4% this morning about half way through their day.
US pre-market are higher today by about 1% at 9:00 AM EST
Tuesday, October 13, 2009
The stock market is at a critical resistance level. If it breaks out it could rise 20% this time.
Market Outlook
The real turnaround is just beginning as we showed yesterday. This week we have important reports that we believe will support the conclusion that the turn around actually began this past month. If the resistance is not broken, the market could go down even on good news. Here is the news on tap this week.
Wednesday, Oct. 14:
---Retail Sales am
--- FOMC minutes pm
Thursday, Oct. 15am:
--- Unemployment Claims
---Consumer Price Index
---NY State Mfg. Index
---Philly Fed Index
Friday, Oct. 16 am:
---Industrial Production
Capacity Utilization - Sep
---Consumer Sentiment
Market forces October 13
We are at a critical juncture. Failure to break out within the next two weeks could result in a significant correction. We are optimistic. The market has to rise 40% just to get to its 2007 levels. There is quite a bit of upward potential left.
Asian markets were up last night; China up 1.4%, Hong Kong up 0.8%, India closed, Japan up 0.6%, and Seoul up 0.6%.
European markets are down in a range from 0.2% to 0.7% this morning about half way through their day.
US pre-market are slightly lower today by about 0.1% at 9:30 AM EST
The real turnaround is just beginning as we showed yesterday. This week we have important reports that we believe will support the conclusion that the turn around actually began this past month. If the resistance is not broken, the market could go down even on good news. Here is the news on tap this week.
Wednesday, Oct. 14:
---Retail Sales am
--- FOMC minutes pm
Thursday, Oct. 15am:
--- Unemployment Claims
---Consumer Price Index
---NY State Mfg. Index
---Philly Fed Index
Friday, Oct. 16 am:
---Industrial Production
Capacity Utilization - Sep
---Consumer Sentiment
Market forces October 13
We are at a critical juncture. Failure to break out within the next two weeks could result in a significant correction. We are optimistic. The market has to rise 40% just to get to its 2007 levels. There is quite a bit of upward potential left.
Asian markets were up last night; China up 1.4%, Hong Kong up 0.8%, India closed, Japan up 0.6%, and Seoul up 0.6%.
European markets are down in a range from 0.2% to 0.7% this morning about half way through their day.
US pre-market are slightly lower today by about 0.1% at 9:30 AM EST
Monday, October 12, 2009
The real turnaround is just beginning.
Market Outlook
For many months Jim Cramer has said China was driving the world economy. He said the Baltic Dry index was strong and investors should buy is favorite dry cargo and copper mining stocks. He was wrong but finally he is right. The Baltic Dry index has finally turned upward. As they say Jim did not know what he was talking about but it did not matter because the stock market rallied and once again is a six month leading indicator and lead the Baltic Dry index by six months.
http://www.bloomberg.com/apps/cbuilder?ticker1=BDIY%3AIND
For many months Jim Cramer has been advocating Natural Gas stocks. But NG stocks went nowhere. He was off again but natural gas prices have finally begun to increase so perhaps NG stock prices will also begin to rise.
http://www.tfc-charts.w2d.com/chart/QG/W
The USA balance of trade has begun recovering. That is a benefit of the recent decline in the dollar. Foreighn central banks flush with record reserves are increasingly selling $Dollars in favor of the Euro and Yen, further pressuring the greenback after its biggest rout in almost two decades. But investors outside the U.S. are purchasing companies in the Standard & Poor’s 500 Index at the cheapest valuations on record, their buying power boosted by a seven-month decline in the dollar.
http://www.martincapital.com/chart-pgs/Pg_baltr.htm
Retail sales are finally recovering
http://www.martincapital.com/chart-pgs/Pg_sales.htm
There stands to be a lot of good news coming out now and even unemployment should begin to level out. However banks are only beginning to see the problems in the housing and commercial real estate markets. With the exception of banking the economy appears to be on the road to recovery. We don't expect the Treasury or the FED to allow another serious banking crisis but the banks still look overvalued at this point and may consolidate while other stocks catch up before the banks resume their recovery.
The only thing we have to fear are the corrupt socialists who hijacked the American government and hold working people and pensioners hostage.
Market forces October 12
American government is declining with wholesale socialist corruption of American economics and foreign policy and now the tyrannical attacks on the free speech of financial and political dissidents. We have growing world chaos similar to what preceded WWII. The Obama administration is seemingly creating the second Great Depression before our eyes and setting America up for another Pearl Harbor type sneak attack by terrorists.
Still this is no time to hide money under the bed or in bonds, the money market, or treasuries. Rising inflation will initially crush bonds and devalue currency. The time to go into bonds and money markets is when inflation peaks and the FED is still raising rates. That may not even start to happen in the next year and the peak inflation rate could be as late as ten years away. We continue to invest in sector stocks that are down but rotating back into favor and then take profits on their short run-ups that sometimes only last a week before they tumble again. It is better to take 8% every month than 20% over a year. While this year is an exception, 10% a year is on average about the best buy-and-hold can achieve.
Asian markets were mixed last night; China declined -0.6%, Hong Kong declined -0.9%, India up 2.3%, Japan closed, and Taiwan up 0.4%.
European markets are down in a range from 1.1% to 1.4% this morning about half way through their day.
US pre-market futures are up today by about 0.5% at 9:00 AM EST
Advances in science and the 2010 election will be necessary to pull America out of this administration's corrupting socialist quick sand.
For many months Jim Cramer has said China was driving the world economy. He said the Baltic Dry index was strong and investors should buy is favorite dry cargo and copper mining stocks. He was wrong but finally he is right. The Baltic Dry index has finally turned upward. As they say Jim did not know what he was talking about but it did not matter because the stock market rallied and once again is a six month leading indicator and lead the Baltic Dry index by six months.
http://www.bloomberg.com/apps/cbuilder?ticker1=BDIY%3AIND
For many months Jim Cramer has been advocating Natural Gas stocks. But NG stocks went nowhere. He was off again but natural gas prices have finally begun to increase so perhaps NG stock prices will also begin to rise.
http://www.tfc-charts.w2d.com/chart/QG/W
The USA balance of trade has begun recovering. That is a benefit of the recent decline in the dollar. Foreighn central banks flush with record reserves are increasingly selling $Dollars in favor of the Euro and Yen, further pressuring the greenback after its biggest rout in almost two decades. But investors outside the U.S. are purchasing companies in the Standard & Poor’s 500 Index at the cheapest valuations on record, their buying power boosted by a seven-month decline in the dollar.
http://www.martincapital.com/chart-pgs/Pg_baltr.htm
Retail sales are finally recovering
http://www.martincapital.com/chart-pgs/Pg_sales.htm
There stands to be a lot of good news coming out now and even unemployment should begin to level out. However banks are only beginning to see the problems in the housing and commercial real estate markets. With the exception of banking the economy appears to be on the road to recovery. We don't expect the Treasury or the FED to allow another serious banking crisis but the banks still look overvalued at this point and may consolidate while other stocks catch up before the banks resume their recovery.
The only thing we have to fear are the corrupt socialists who hijacked the American government and hold working people and pensioners hostage.
Market forces October 12
American government is declining with wholesale socialist corruption of American economics and foreign policy and now the tyrannical attacks on the free speech of financial and political dissidents. We have growing world chaos similar to what preceded WWII. The Obama administration is seemingly creating the second Great Depression before our eyes and setting America up for another Pearl Harbor type sneak attack by terrorists.
Still this is no time to hide money under the bed or in bonds, the money market, or treasuries. Rising inflation will initially crush bonds and devalue currency. The time to go into bonds and money markets is when inflation peaks and the FED is still raising rates. That may not even start to happen in the next year and the peak inflation rate could be as late as ten years away. We continue to invest in sector stocks that are down but rotating back into favor and then take profits on their short run-ups that sometimes only last a week before they tumble again. It is better to take 8% every month than 20% over a year. While this year is an exception, 10% a year is on average about the best buy-and-hold can achieve.
Asian markets were mixed last night; China declined -0.6%, Hong Kong declined -0.9%, India up 2.3%, Japan closed, and Taiwan up 0.4%.
European markets are down in a range from 1.1% to 1.4% this morning about half way through their day.
US pre-market futures are up today by about 0.5% at 9:00 AM EST
Advances in science and the 2010 election will be necessary to pull America out of this administration's corrupting socialist quick sand.
Friday, October 9, 2009
Socialism is the economics of the hunter-gatherer cultures.
The FED pretends to but does not actually control interest rates on the down side. It absolutely can raise interest rates but on the downside it runs out of control as FED rates approach zero. That is why Federal Reserve chairman Ben Bernanke said yesterday that the central bank will be prepared to tighten monetary policy only when the outlook for the economy “has improved sufficiently.” If the economy does not improve when rates are zero that means hyperinflation is at hand. Hyperinflation is caused when the government must run a continuous stimulation package to keep out of an economic depression. A continuous stimulation package inevitably fails especially when it is given to the indigent hunters and gatherers rather than reducing taxes on the people who have a work ethic and need a motive for working. The work ethic fails when others democratically vote to steal the fruits of labor.
The Wall Street Journal had a picture yesterday of a crowd of blacks getting Obama stimulation checks and practically tearing down the doors trying to get their free money. Obama has concluded that the best way to stimulate the economy is to give it to people on welfare and people whom Barney Franks gave mortgages to who do not have regular jobs or skills and cannot afford mortgages. Obama and Barney Franks do not think that requiring people to work is fair in America, the second richest country in the world. Barney Franks and Obama believe that everyone in America who wants to own a home should be able to have one whether they can afford to or not.
But even with the FED rate as low as it can go, interest rates are rising because what Obama and Barney think and do does not work and never has worked anywhere in the world. You cannot make a nation wealthy by taking money from working people and give it to people who culturally do not believe in a work ethic. The oldest culture of humans is the culture of the "hunter gatherer." It is as old as man himself and it is a culture that believes nature provides everything and people just have to know where to go to pick the free fruit. That was what the people in the WSJ photo were doing, picking the fruit ($checks) Obama and Barney were distributing. Sometimes hunter-gatherers have to lie a little and say they are disabled and cannot work, sometimes they get a loan and open a bank account with it so they can pretend it is their savings to prove they can afford mortgage payments, and sometimes good old Obama and Barney just hand them money which comes from American workers who actually do work and do not scam and mug other Americans. Taking from workers and giving it to "hunter-gatherers" did not work anywhere it has been tried. In general, hunters-gatherers are socialists who believe the majority has the democratic right to rob from any stupid minority group that has a stupid work ethic. The work ethic evolved when tribes gave up the hunt and began farming. Most recently they tried hunter-gatherer socialism in Africa in several countries including Rwanda and they started by looting and killing the white farmers. Now there is starvation wherever there is hunter-gatherer socialism. Now the African Muslims rape, rob and murder the Christians.
Socialism only looks civilized when everyone looks and behaves identically. In Sweden everyone on welfare looks the same and everyone likes the free stuff and everyone is satisfied giving out Nobel prizes because the Swedish themselves have contributed relatively little to world science, economics and culture. Socialists love to give things away, not their things but certainly rich people's money.
California raised yields and scaled back its bond sale to $4.1 billion this week because money is losing value as California flirts with hunter-gatherer socialism. Monkeys stealing from other monkeys is the democracy practiced in the jungle. Today it is politically correct to call it socialism. California social welfare is causing the surge in fixed-rate municipal issuance that drove benchmark rates higher by the fastest rate in four months.
Yesterday the TARP Oversight Panel criticized administration's mortgage-modification program. Basically it is a failure and only postpones the inevitable. The real problem was Senator Barney Frank and the Senate Banking Commission that gave mortgages to hunter-gatherers who had no capacity to pay back debts.
Market forces October 9
American government is declining with wholesale democrat-socialist corruption of American economics and foreign policy and now the tyrannical attacks on the free speech of financial and political dissidents. We have growing world chaos similar to what preceded WWII. The Obama administration is seemingly creating the second Great Depression before our eyes and setting America up for another Pearl Harbor type sneak attack by terrorists.
Still this is no time to hide money under the bed or in bonds, the money market, or treasuries. Rising inflation will initially crush bonds and devalue currency. The time to go into bonds and money markets is when inflation peaks and the FED is still raising rates. That may not even start to happen in the next year and the peak inflation rate could be as late as ten years away. We continue to invest in sector stocks that are down but rotating back into favor and then take profits on their short run-ups that sometimes only last a week before they tumble again. It is better to take 8% every month than 20% over a year. While this year is an exception, 10% a year is on average about the best buy-and-hold can achieve.
Asian markets were generally up again last night; China surged 4.7%, Hong Kong up 0.0%, India down -1.2%, Japan up 1.9%, and Taiwan up 0.9%.
European markets are down in a range from -0.5% to -0.8% this morning about half way through their day.
US pre-market futures are down today by about -0.2% to -0.4% at 9:00 AM EST after a flat Thursday buying opportunity.
Advances in science and the 2010 election will be necessary to pull America out of this administration's corrupting socialist quick sand. The polls say that Americans find incumbent Republicans, Democrats, and Independents equally culpable for the chaos on capital hill. Americans want to throw them all out and have term limits to end Senator Rangel's type of institutionalized arrogant corruption.
The Wall Street Journal had a picture yesterday of a crowd of blacks getting Obama stimulation checks and practically tearing down the doors trying to get their free money. Obama has concluded that the best way to stimulate the economy is to give it to people on welfare and people whom Barney Franks gave mortgages to who do not have regular jobs or skills and cannot afford mortgages. Obama and Barney Franks do not think that requiring people to work is fair in America, the second richest country in the world. Barney Franks and Obama believe that everyone in America who wants to own a home should be able to have one whether they can afford to or not.
But even with the FED rate as low as it can go, interest rates are rising because what Obama and Barney think and do does not work and never has worked anywhere in the world. You cannot make a nation wealthy by taking money from working people and give it to people who culturally do not believe in a work ethic. The oldest culture of humans is the culture of the "hunter gatherer." It is as old as man himself and it is a culture that believes nature provides everything and people just have to know where to go to pick the free fruit. That was what the people in the WSJ photo were doing, picking the fruit ($checks) Obama and Barney were distributing. Sometimes hunter-gatherers have to lie a little and say they are disabled and cannot work, sometimes they get a loan and open a bank account with it so they can pretend it is their savings to prove they can afford mortgage payments, and sometimes good old Obama and Barney just hand them money which comes from American workers who actually do work and do not scam and mug other Americans. Taking from workers and giving it to "hunter-gatherers" did not work anywhere it has been tried. In general, hunters-gatherers are socialists who believe the majority has the democratic right to rob from any stupid minority group that has a stupid work ethic. The work ethic evolved when tribes gave up the hunt and began farming. Most recently they tried hunter-gatherer socialism in Africa in several countries including Rwanda and they started by looting and killing the white farmers. Now there is starvation wherever there is hunter-gatherer socialism. Now the African Muslims rape, rob and murder the Christians.
Socialism only looks civilized when everyone looks and behaves identically. In Sweden everyone on welfare looks the same and everyone likes the free stuff and everyone is satisfied giving out Nobel prizes because the Swedish themselves have contributed relatively little to world science, economics and culture. Socialists love to give things away, not their things but certainly rich people's money.
California raised yields and scaled back its bond sale to $4.1 billion this week because money is losing value as California flirts with hunter-gatherer socialism. Monkeys stealing from other monkeys is the democracy practiced in the jungle. Today it is politically correct to call it socialism. California social welfare is causing the surge in fixed-rate municipal issuance that drove benchmark rates higher by the fastest rate in four months.
Yesterday the TARP Oversight Panel criticized administration's mortgage-modification program. Basically it is a failure and only postpones the inevitable. The real problem was Senator Barney Frank and the Senate Banking Commission that gave mortgages to hunter-gatherers who had no capacity to pay back debts.
Market forces October 9
American government is declining with wholesale democrat-socialist corruption of American economics and foreign policy and now the tyrannical attacks on the free speech of financial and political dissidents. We have growing world chaos similar to what preceded WWII. The Obama administration is seemingly creating the second Great Depression before our eyes and setting America up for another Pearl Harbor type sneak attack by terrorists.
Still this is no time to hide money under the bed or in bonds, the money market, or treasuries. Rising inflation will initially crush bonds and devalue currency. The time to go into bonds and money markets is when inflation peaks and the FED is still raising rates. That may not even start to happen in the next year and the peak inflation rate could be as late as ten years away. We continue to invest in sector stocks that are down but rotating back into favor and then take profits on their short run-ups that sometimes only last a week before they tumble again. It is better to take 8% every month than 20% over a year. While this year is an exception, 10% a year is on average about the best buy-and-hold can achieve.
Asian markets were generally up again last night; China surged 4.7%, Hong Kong up 0.0%, India down -1.2%, Japan up 1.9%, and Taiwan up 0.9%.
European markets are down in a range from -0.5% to -0.8% this morning about half way through their day.
US pre-market futures are down today by about -0.2% to -0.4% at 9:00 AM EST after a flat Thursday buying opportunity.
Advances in science and the 2010 election will be necessary to pull America out of this administration's corrupting socialist quick sand. The polls say that Americans find incumbent Republicans, Democrats, and Independents equally culpable for the chaos on capital hill. Americans want to throw them all out and have term limits to end Senator Rangel's type of institutionalized arrogant corruption.
Thursday, October 8, 2009
Gold soars to new record of $1043/oz. as Obama administration continues to destabilize the world.
The leftist in the Obama regime want to abandon Afghanistan and Pakistan to the Taliban and use predator drones to fight terrorists by flying over sovereign airspace without approval. Afghanistan is between Iran and Pakistan so by fleeing Afghanistan Obama would leave Iran with a free hand to develop thermonuclear bombs and would leave terrorists with at least 50 nuclear bombs if they decide to overthrow the already destabilized Pakistani government. Obama's failing leftist foreign policies are pushing his leftist advisors towards national isolationism.
The U.S. government congressional budget office reported the Obama administration ended its 2009 fiscal year with a deficit of $1.4 trillion, the highest since 1945 the last year of WWII. It is almost three times as high as President Bush's highest deficit in his eight years. The deficit included the funds needed to bail out unions by nationalizing half the American auto industry, funds needed to keep ACORN corruption flourishing across the inner cities of America, funds for the bonuses of the finance crooks who used Senator Barney Frank's free mortgage housing scam to create and sell the toxic financial derivatives that brought down the banks.
It was not the poor who corrupted the banks, it was Barney Frank and the other corrupt Senate Banking Committee members so stop blaming the poor. The financial derivatives would have worked if mortgage defaults could have been kept to less than 3% but with Barney Frank handing out free lunches to 6% he and the other democrat-socialist senators brought down the entire world economy.
But that is not enough. The democrat-socialists want to further destroy the American economy by passing: 1) creeping socialism in a medical system,
2) crippling cap and trade wealth redistribution from the US to the third world.
3) defeatist/isolationist national policy in the face of advancing world terrorism.
Market forces October 8
Market analysts have followed Jim Cramer's advice. They no longer try to give accurate forecasts because when corporations meet accurate forecasts the stock price doesn't increase. Instead market analysts deceive investors by giving low-ball earnings estimates so that even continually declining earnings look outstanding because a forecasted loss lie was averted. So we have a stock market bubble financed with commingled bank liquidity provided by almost 1$trillion in TARP plus declining earnings puffed up as an improvement in earnings versus the analysts loss-lie prediction.
Add to this wholesale democrat-socialist corruption of American economics and foreign policy the administration also attacks on the free speech of financial and political dissidents. We have growing world chaos similar to what preceded WWII. The Obama administration is seemingly creating the second Great Depression before our eyes and setting America up for another Pearl Harbor sneak attack by terrorists.
Still this is no time to hide money under the bed or in bonds, the money market, or treasuries. Rising inflation will initially crush bonds and devalue currency. The time to go into bonds and money markets is when inflation peaks and the FED is still raising rates. That may not even start to happen in the next year and the peak inflation rate could be as late as ten years away. We continue to invest in sector stocks that are down but rotating back into favor and then take profits on their short run-ups that sometimes only last a week before they tumble again. It is better to take 8% every month than 20% over a year. While this year is an exception, 10% a year is on average about the best buy-and-hold can achieve.
Asian markets were generally up last night; China up 0.9%, Hong Kong up 1.2%, India up 0.2%, Japan up 0.3%, and Taiwan down -1.4%.
European markets are up in a range from 0.6% to 1.3% this morning about half way through their day.
US pre-market futures are up today thanks to low-ball earnings predictions, by about 0.7% to 0.9% at 9:00 AM EST after a flat Wednesday buying opportunity.
On the positive side, natural gas prices may be stabilizing and that is a good sign for clean energy to begin to actually start to supply America. The Obama administration has been ignoring natural gas and nuclear energy that are plentiful, cheap, and clean. If Nevada elects a new senator next year, America will have a safe repository for the infinitesimal amount of nuclear waste generated with the new French nuclear waste reprocessing methods that turn waste into new fuel.
Advances in science and the 2010 election will be necessary to pull America out of this administration's corrupting socialist quick sand. The polls say that Americans find incumbent Republicans, Democrats, and Independents equally culpable for the chaos on capital hill. Americans want to throw them all out and have term limits so that the corruption isn't always institutionalized like what Senator Rangel represents to banking.
The U.S. government congressional budget office reported the Obama administration ended its 2009 fiscal year with a deficit of $1.4 trillion, the highest since 1945 the last year of WWII. It is almost three times as high as President Bush's highest deficit in his eight years. The deficit included the funds needed to bail out unions by nationalizing half the American auto industry, funds needed to keep ACORN corruption flourishing across the inner cities of America, funds for the bonuses of the finance crooks who used Senator Barney Frank's free mortgage housing scam to create and sell the toxic financial derivatives that brought down the banks.
It was not the poor who corrupted the banks, it was Barney Frank and the other corrupt Senate Banking Committee members so stop blaming the poor. The financial derivatives would have worked if mortgage defaults could have been kept to less than 3% but with Barney Frank handing out free lunches to 6% he and the other democrat-socialist senators brought down the entire world economy.
But that is not enough. The democrat-socialists want to further destroy the American economy by passing: 1) creeping socialism in a medical system,
2) crippling cap and trade wealth redistribution from the US to the third world.
3) defeatist/isolationist national policy in the face of advancing world terrorism.
Market forces October 8
Market analysts have followed Jim Cramer's advice. They no longer try to give accurate forecasts because when corporations meet accurate forecasts the stock price doesn't increase. Instead market analysts deceive investors by giving low-ball earnings estimates so that even continually declining earnings look outstanding because a forecasted loss lie was averted. So we have a stock market bubble financed with commingled bank liquidity provided by almost 1$trillion in TARP plus declining earnings puffed up as an improvement in earnings versus the analysts loss-lie prediction.
Add to this wholesale democrat-socialist corruption of American economics and foreign policy the administration also attacks on the free speech of financial and political dissidents. We have growing world chaos similar to what preceded WWII. The Obama administration is seemingly creating the second Great Depression before our eyes and setting America up for another Pearl Harbor sneak attack by terrorists.
Still this is no time to hide money under the bed or in bonds, the money market, or treasuries. Rising inflation will initially crush bonds and devalue currency. The time to go into bonds and money markets is when inflation peaks and the FED is still raising rates. That may not even start to happen in the next year and the peak inflation rate could be as late as ten years away. We continue to invest in sector stocks that are down but rotating back into favor and then take profits on their short run-ups that sometimes only last a week before they tumble again. It is better to take 8% every month than 20% over a year. While this year is an exception, 10% a year is on average about the best buy-and-hold can achieve.
Asian markets were generally up last night; China up 0.9%, Hong Kong up 1.2%, India up 0.2%, Japan up 0.3%, and Taiwan down -1.4%.
European markets are up in a range from 0.6% to 1.3% this morning about half way through their day.
US pre-market futures are up today thanks to low-ball earnings predictions, by about 0.7% to 0.9% at 9:00 AM EST after a flat Wednesday buying opportunity.
On the positive side, natural gas prices may be stabilizing and that is a good sign for clean energy to begin to actually start to supply America. The Obama administration has been ignoring natural gas and nuclear energy that are plentiful, cheap, and clean. If Nevada elects a new senator next year, America will have a safe repository for the infinitesimal amount of nuclear waste generated with the new French nuclear waste reprocessing methods that turn waste into new fuel.
Advances in science and the 2010 election will be necessary to pull America out of this administration's corrupting socialist quick sand. The polls say that Americans find incumbent Republicans, Democrats, and Independents equally culpable for the chaos on capital hill. Americans want to throw them all out and have term limits so that the corruption isn't always institutionalized like what Senator Rangel represents to banking.
Wednesday, October 7, 2009
Wall Street now appears to be pumping gold to dump it on small investors.
The US Dollar is not the reason for gold making new records. The dollar is still stronger than it was in July 2008 yet gold just set a new record at ~1040$/oz. That would be consistent with the anticipation of inflation in addition to the value of the dollar. But there is no evidence yet of inflation.
http://www.tfc-charts.w2d.com/chart/ZG/W
http://www.tfc-charts.w2d.com/chart/E6/W
http://www.tfc-charts.w2d.com/chart/A6/W
http://www.tfc-charts.w2d.com/chart/J6/W
Farmers are being destroyed by low commodity prices. And why are farmers in Europe dumping milk and raw eggs in the streets if there is inflation?
http://www.tfc-charts.w2d.com/chart/ZM/W
http://www.tfc-charts.w2d.com/chart/ZW/W
http://www.tfc-charts.w2d.com/chart/ZC/W
And ranchers are feeling the pain too.
http://www.tfc-charts.w2d.com/chart/GF/W
And fuel, heating oil, and other energy is cheap.
http://www.tfc-charts.w2d.com/chart/HO_/W\
http://www.tfc-charts.w2d.com/chart/CL_/W
http://www.tfc-charts.w2d.com/chart/UX/W
And all that noise about record coffee prices is nonsense as well.
http://www.tfc-charts.w2d.com/chart/CF/W
And if there is a recovery why is industrial copper so low. And why are the other metals not following gold? Could it be that gold is rising only because Wall Street wants to dump their shares on small investors?
http://www.tfc-charts.w2d.com/chart/QC/W
http://www.tfc-charts.w2d.com/chart/PA_/W
The GE/MSNBC/Pravda media is not reporting the facts… it pumps up what the funds want pumped so that they can dump the junk on small investors at high prices. Deflation not inflation is still the world problem.
Market forces October 7
Conway a senior real estate analyst at the Federal Reserve Bank of Atlanta is quoted in the WSJ. The Journal said a Fed official had confirmed the authenticity of the Conway document, but added it did not represent the central bank's formal opinion.
Conway's report predicted that commercial real-estate losses would reach roughly 45% next year. The report said that the most "toxic" loans on bank books were interest-only loans, which get no benefit from amortization, since it requires borrowers to repay interest but no principal. The Journal said the report also stated that banks have been slow to absorb the losses on their loans, partly due to "capital preservation" concerns.
Nothing has changed since 1929! The Obama administration is creating the second Great Depression before our eyes. They persecute BOA dissident Ken Lewis and starve American industry of liquidity while TARP funds the stock market speculators and ACORN corruption continues to get democrat-socialist funding at taxpayer expense. They now attack dissident Rush Limbaugh with offensive material calling him a Nazi among much grosser things. See: http://video.google.com/videosearch?hl=en&q=rush%20limbaugh%20songs&um=1&ie=UTF-8&sa=N&tab=wv#
Apparently the lack of investment standards that result even in the co-mingling of funds allows the current stock market bubble to inflate as banks divert money from reviving businesses to lucrative stock speculation.
Asian markets were generally mixed last night; Hong Kong up 2.1%, India down -0.9%, Japan up 1.1%, and S Korea down -0.1%. Several Asian markets were closed or did not report on time.
European markets were firs up moderately but are declining fast and down slightly in the range from -0.2% to -1.1% this morning about half way through their day.
US pre-market futures are flat today have been sinking and are now down in a range of about -0.1% to -0.3% at 9:00 AM EST after Tuesday's advance.
On the positive side, natural gas prices may be stabilizing and that is a good sign for clean energy to begin to actually start to supply America. The Obama administration has been ignoring natural gas and nuclear energy that are plentiful cheap and clean. If Nevada elects a new senator next year America will have a safe repository for the infinitesimal amount of nuclear waste generated with new French waste reprocessing methods.
http://www.tfc-charts.w2d.com/chart/ZG/W
http://www.tfc-charts.w2d.com/chart/E6/W
http://www.tfc-charts.w2d.com/chart/A6/W
http://www.tfc-charts.w2d.com/chart/J6/W
Farmers are being destroyed by low commodity prices. And why are farmers in Europe dumping milk and raw eggs in the streets if there is inflation?
http://www.tfc-charts.w2d.com/chart/ZM/W
http://www.tfc-charts.w2d.com/chart/ZW/W
http://www.tfc-charts.w2d.com/chart/ZC/W
And ranchers are feeling the pain too.
http://www.tfc-charts.w2d.com/chart/GF/W
And fuel, heating oil, and other energy is cheap.
http://www.tfc-charts.w2d.com/chart/HO_/W\
http://www.tfc-charts.w2d.com/chart/CL_/W
http://www.tfc-charts.w2d.com/chart/UX/W
And all that noise about record coffee prices is nonsense as well.
http://www.tfc-charts.w2d.com/chart/CF/W
And if there is a recovery why is industrial copper so low. And why are the other metals not following gold? Could it be that gold is rising only because Wall Street wants to dump their shares on small investors?
http://www.tfc-charts.w2d.com/chart/QC/W
http://www.tfc-charts.w2d.com/chart/PA_/W
The GE/MSNBC/Pravda media is not reporting the facts… it pumps up what the funds want pumped so that they can dump the junk on small investors at high prices. Deflation not inflation is still the world problem.
Market forces October 7
Conway a senior real estate analyst at the Federal Reserve Bank of Atlanta is quoted in the WSJ. The Journal said a Fed official had confirmed the authenticity of the Conway document, but added it did not represent the central bank's formal opinion.
Conway's report predicted that commercial real-estate losses would reach roughly 45% next year. The report said that the most "toxic" loans on bank books were interest-only loans, which get no benefit from amortization, since it requires borrowers to repay interest but no principal. The Journal said the report also stated that banks have been slow to absorb the losses on their loans, partly due to "capital preservation" concerns.
Nothing has changed since 1929! The Obama administration is creating the second Great Depression before our eyes. They persecute BOA dissident Ken Lewis and starve American industry of liquidity while TARP funds the stock market speculators and ACORN corruption continues to get democrat-socialist funding at taxpayer expense. They now attack dissident Rush Limbaugh with offensive material calling him a Nazi among much grosser things. See: http://video.google.com/videosearch?hl=en&q=rush%20limbaugh%20songs&um=1&ie=UTF-8&sa=N&tab=wv#
Apparently the lack of investment standards that result even in the co-mingling of funds allows the current stock market bubble to inflate as banks divert money from reviving businesses to lucrative stock speculation.
Asian markets were generally mixed last night; Hong Kong up 2.1%, India down -0.9%, Japan up 1.1%, and S Korea down -0.1%. Several Asian markets were closed or did not report on time.
European markets were firs up moderately but are declining fast and down slightly in the range from -0.2% to -1.1% this morning about half way through their day.
US pre-market futures are flat today have been sinking and are now down in a range of about -0.1% to -0.3% at 9:00 AM EST after Tuesday's advance.
On the positive side, natural gas prices may be stabilizing and that is a good sign for clean energy to begin to actually start to supply America. The Obama administration has been ignoring natural gas and nuclear energy that are plentiful cheap and clean. If Nevada elects a new senator next year America will have a safe repository for the infinitesimal amount of nuclear waste generated with new French waste reprocessing methods.
Tuesday, October 6, 2009
Volume contracted 23% Monday as the market rallied
Volume contraction in any market is an indication that the market direction has a small following. A 23% volume contraction of the NYSE yesterday indicates that the recent correction may have further to go.
Oil prices are sliding lower with each price cycle as shown in the trading charts. It is indicating that deflation not inflation is still the American concern. See:
http://futures.tradingcharts.com/chart/CO/79
The dollar stopped falling indicating that deflation not inflation is still the world concern. See:
http://www.tfc-charts.w2d.com/chart/E6/C9
Market forces October 6
Nothing has changed since 1929! Obama is creating the second Great Depression before our eyes. They persecute dissident Ken Lewis and American industry is starved of liquidity while TARP funds the stock market speculators and ACORN corruption continues to get democrat-socialist congressional funds at taxpayer expense.
Rush Limbaugh is under attack by the Obama Administration and is gaining status in the world as another American dissident. The administration is offensive and calls Rush a Nazi among other things. See:
http://video.google.com/videosearch?hl=en&q=rush%20limbaugh%20songs&um=1&ie=UTF-8&sa=N&tab=wv#
Apparently the Obama administration now also has children singing Maoist type songs of praise to their leader Obama and singing "hang John Brown" type songs about Rush Limbaugh.
The latest Obama administration attack is now against American military commanders. Today they are being accused by the MSNBC/Pravda of leaking troop strengths. It is so ridiculous because everyone in the world knows our troop strength in Iraq and Afghanistan because Congress holds public hearings on them all the time. It is clear that the administration is trying to smear the military now so the Islamic Taliban terrorists can have Afghanistan back and persecute and kill Christians and educated women as they did before the UN intervened.
Asian markets were generally up last night; Hong Kong up 1.9%, India up 0.5%, Japan up 0.2%, and S Korea down -0.5%. Several Asian markets were closed or did not report on time.
European markets are up in the range from 1.3% to 1.6% this morning about half way through their day. They were down close to 2% yesterday.
US pre-market futures are up slightly again in a range of about 5% to +0.8% at 7:30 AM EST after Monday's advance.
Oil prices are sliding lower with each price cycle as shown in the trading charts. It is indicating that deflation not inflation is still the American concern. See:
http://futures.tradingcharts.com/chart/CO/79
The dollar stopped falling indicating that deflation not inflation is still the world concern. See:
http://www.tfc-charts.w2d.com/chart/E6/C9
Market forces October 6
Nothing has changed since 1929! Obama is creating the second Great Depression before our eyes. They persecute dissident Ken Lewis and American industry is starved of liquidity while TARP funds the stock market speculators and ACORN corruption continues to get democrat-socialist congressional funds at taxpayer expense.
Rush Limbaugh is under attack by the Obama Administration and is gaining status in the world as another American dissident. The administration is offensive and calls Rush a Nazi among other things. See:
http://video.google.com/videosearch?hl=en&q=rush%20limbaugh%20songs&um=1&ie=UTF-8&sa=N&tab=wv#
Apparently the Obama administration now also has children singing Maoist type songs of praise to their leader Obama and singing "hang John Brown" type songs about Rush Limbaugh.
The latest Obama administration attack is now against American military commanders. Today they are being accused by the MSNBC/Pravda of leaking troop strengths. It is so ridiculous because everyone in the world knows our troop strength in Iraq and Afghanistan because Congress holds public hearings on them all the time. It is clear that the administration is trying to smear the military now so the Islamic Taliban terrorists can have Afghanistan back and persecute and kill Christians and educated women as they did before the UN intervened.
Asian markets were generally up last night; Hong Kong up 1.9%, India up 0.5%, Japan up 0.2%, and S Korea down -0.5%. Several Asian markets were closed or did not report on time.
European markets are up in the range from 1.3% to 1.6% this morning about half way through their day. They were down close to 2% yesterday.
US pre-market futures are up slightly again in a range of about 5% to +0.8% at 7:30 AM EST after Monday's advance.
Monday, October 5, 2009
The recent decline of the Dow Jones Industrial Average indicates that the continuing weak economic numbers are no longer enough.
New York University Professor Nouriel Roubini, who accurately predicted the financial crisis, said stock and commodity markets drop as the slow pace of the economic recovery disappoints investors. The mortgage contagion has now even hit state-run investment pools that handle $200 billion in funds for schools and cities.
IMF Managing Director Dominique Strauss-Kahn said the world's worst economic crisis in decades could be over within another year or two. He linked its end to the drop in jobless rates, which are still rising in the US and Europe. Strauss-Kahn said he believed unemployment would begin falling in 10-12 months, at which time 'the crisis will be behind us.'
Governments have invested trillions in their economies over the past year in an effort to head off the worst global recession since World War II. How long those measures should remain in place has been a key question for policymakers. Finance ministers said the IMF would begin to create 'exit strategies' at its next meeting in April 2010.
Former Federal Reserve Chairman Alan Greenspan said on ABC, "The federal government should not consider a new stimulus package, even with U.S. unemployment likely “to penetrate the 10 percent barrier and stay there for quite a while. The focus has got to be on trying to get the economy going, but you also have to be careful that in trying to do too much you can actually be counterproductive.”
U.K. Treasury minister Paul Myners is pressing more banks to adopt the curbs on obscene bonus payments at institutions including Goldman Sachs Group Inc. and Morgan Stanley. The curbs are recommended by the Group of 20 nations.
The dollar continues to fall against the euro even after Group of Seven finance chiefs refrained from calling for measures to stop the U.S. currency’s decline. The greenback also declined against 14 of its 16 major counterparts on speculation Federal Reserve officials will keep interest rates at a record low.
Glen Beck said on MSNBC that the bail-out of GM was an example of administration corruption, a flagrant payoff to the unions for their political support knowing full well that GM couldn't survive on its own even in the recent past good times.
BOA is looking for a new executive to replace political dissident Ken Lewis who tried to resist government bullying last fall and came under immediate attack by Obama socialists across the country. The Democrat-Socialists used their elected positions to improperly use taxpayer and state employee funds invested in BOA to politically attack Lewis at shareholder meetings. Dissident Lewis and his team were forced to quietly toe the Treasury/FED's socialist nationalization line until Congress investigated. Then dissident Lewis told the world about how all the financial executives were forced to sign up and shut up or the socialists would remove them (illegally). The socialist won by harassing Ken Lewis who only continued to work because he had loved his job until the socialist took over the government.
While Obama, last spring, eventually gave up on his sick plan intended to force soldiers to pay their own insurance premiums covering war injuries, his administration is now ignoring the general's request to quell the Taliban/Al Queda terrorists. The Obama administration has begun a defeatist campaign saying that the USA cannot stop terrorism and should negotiate with the Taliban.
Market forces October 5
Nothing has changed since 1929! Obama is creating the second Great Depression before our eyes. They persecute dissident Ken Lewis as Chicago thieves and ACORN run the country amuck. American industry is starved of liquidity while TARP funds the stock market speculators.
When the administration gets caught allowing speculation of Bank/stockbrokers with TARP funds there likely will be another freeze up of the entire economy as the TARP plug is pulled. US stocks will plummet and the recent speculative TARP profits of the financial sector will turn into staggering losses again.
U.S. stocks fell again Friday. The normal expected first week of the month flow of funds into the market did not occur last week.
Co-mingling of funds at brokerage houses that are now classified as banks allows the same kind of bubble seen in 1929 when banks also were also allowed to speculated in stocks. The Obama administration will likely go down as the most corrupt and inept government in the history of the U.S.A. if it does not get its act together soon.
Asian markets were down last night; Hong Kong up 0.3%, India down -1.6%, Japan down -0.6%, and S Korea down -2.3%. Several Asian markets were closed or did not report on time.
European markets are down in the range from -0.8% to -1.5% this morning about half way through their day. They were down close to 2% yesterday.
US pre-market futures are flat up slightly again in a range of about 0% to +0.4% at 8:00 AM EST after Friday's decline.
IMF Managing Director Dominique Strauss-Kahn said the world's worst economic crisis in decades could be over within another year or two. He linked its end to the drop in jobless rates, which are still rising in the US and Europe. Strauss-Kahn said he believed unemployment would begin falling in 10-12 months, at which time 'the crisis will be behind us.'
Governments have invested trillions in their economies over the past year in an effort to head off the worst global recession since World War II. How long those measures should remain in place has been a key question for policymakers. Finance ministers said the IMF would begin to create 'exit strategies' at its next meeting in April 2010.
Former Federal Reserve Chairman Alan Greenspan said on ABC, "The federal government should not consider a new stimulus package, even with U.S. unemployment likely “to penetrate the 10 percent barrier and stay there for quite a while. The focus has got to be on trying to get the economy going, but you also have to be careful that in trying to do too much you can actually be counterproductive.”
U.K. Treasury minister Paul Myners is pressing more banks to adopt the curbs on obscene bonus payments at institutions including Goldman Sachs Group Inc. and Morgan Stanley. The curbs are recommended by the Group of 20 nations.
The dollar continues to fall against the euro even after Group of Seven finance chiefs refrained from calling for measures to stop the U.S. currency’s decline. The greenback also declined against 14 of its 16 major counterparts on speculation Federal Reserve officials will keep interest rates at a record low.
Glen Beck said on MSNBC that the bail-out of GM was an example of administration corruption, a flagrant payoff to the unions for their political support knowing full well that GM couldn't survive on its own even in the recent past good times.
BOA is looking for a new executive to replace political dissident Ken Lewis who tried to resist government bullying last fall and came under immediate attack by Obama socialists across the country. The Democrat-Socialists used their elected positions to improperly use taxpayer and state employee funds invested in BOA to politically attack Lewis at shareholder meetings. Dissident Lewis and his team were forced to quietly toe the Treasury/FED's socialist nationalization line until Congress investigated. Then dissident Lewis told the world about how all the financial executives were forced to sign up and shut up or the socialists would remove them (illegally). The socialist won by harassing Ken Lewis who only continued to work because he had loved his job until the socialist took over the government.
While Obama, last spring, eventually gave up on his sick plan intended to force soldiers to pay their own insurance premiums covering war injuries, his administration is now ignoring the general's request to quell the Taliban/Al Queda terrorists. The Obama administration has begun a defeatist campaign saying that the USA cannot stop terrorism and should negotiate with the Taliban.
Market forces October 5
Nothing has changed since 1929! Obama is creating the second Great Depression before our eyes. They persecute dissident Ken Lewis as Chicago thieves and ACORN run the country amuck. American industry is starved of liquidity while TARP funds the stock market speculators.
When the administration gets caught allowing speculation of Bank/stockbrokers with TARP funds there likely will be another freeze up of the entire economy as the TARP plug is pulled. US stocks will plummet and the recent speculative TARP profits of the financial sector will turn into staggering losses again.
U.S. stocks fell again Friday. The normal expected first week of the month flow of funds into the market did not occur last week.
Co-mingling of funds at brokerage houses that are now classified as banks allows the same kind of bubble seen in 1929 when banks also were also allowed to speculated in stocks. The Obama administration will likely go down as the most corrupt and inept government in the history of the U.S.A. if it does not get its act together soon.
Asian markets were down last night; Hong Kong up 0.3%, India down -1.6%, Japan down -0.6%, and S Korea down -2.3%. Several Asian markets were closed or did not report on time.
European markets are down in the range from -0.8% to -1.5% this morning about half way through their day. They were down close to 2% yesterday.
US pre-market futures are flat up slightly again in a range of about 0% to +0.4% at 8:00 AM EST after Friday's decline.
Friday, October 2, 2009
The attack on dissident Ken Lewis is pure Obama/Cuomo underhanded political persecution of a great American leader.
Bank of America CEO Ken Lewis’s ends his eight-year tenure amidst disgusting socialist persecution led by Obama and Cuomo’s offices. Ken Lewis leaves behind a strong legacy as a free enterprise entrepreneur, increasing his bank’s deposit base to more than $1 out of every $10 of America's deposits. He is one of those written up in business cases at Harvard as a roll model for what great executives should do.
Dissident Ken Lewis who tried to resist government bullying last fall came under immediate attack by Obama socialists across the country that improperly used taxpayer and state employee funds invested in BOA to politically attack Lewis at shareholder meetings. Dissident Lewis and his team were forced to quietly toe the Treasury/FED's socialist nationalization line until Congress investigated. Then dissident Lewis told the world about how all the financial executives were forced to sign up and shut up or the socialists would illegally replace them. Yes it is true that the Treasury/FED has no right to politically replace freely elected corporate executives just because they are honest, competent, and resist socialism. But that is exactly what the Obama administration did in forcing several other executives to resign so that they could nationalize the auto industry. The attack on dissident Ken Lewis is pure Obama/Cuomo underhanded political persecution/prosecution of a great American leader.
The case against dissident Ken Lewis is entirely fabricated and is a mock trial akin to the standard set by socialists like Stalin to prosecute/persecute the best and brightest of Russia and ultimately attempt to kill all Soviet dissenters. The power and tyranny of the socialists requires these types of staged phony investigations and trials to grow in number. The people who support these types of socialist persecutions have in the past been shown to be either insane or idiots.
Obama also has killed the Raptor, the best fighter plane the world has ever seen, and he weakens America's ability to withstand socialist/communist repression abroad. The Taliban and other theocracies of terrorism are all based on socialist principles that sacrifice the individual to the state. They take pride in filming beheadings of dissidents and running trucks over the arms of child pickpockets. Their theocratic police have authority to quietly stab you in the back the way they did it to that woman bystander who we all watched dying in Iran a few weeks ago. These lunatics are the people Obama chooses as American allies instead of the Israelis!
Market forces October 2
Where is all the stock market speculation money coming from? People had lost 50% or more of their assets and have been fleeing to Treasuries. The banks are broke except for the TARP funds that are supposed to provide liquidity for municipalities and corporations… so who is diverting the Tarp funds to speculate in stocks? What new carnage will this latest stock market bubble leave behind? The Obama administrations banking risk management regulations are apparently a joke perpetuated on Americans. Nothing has changed since 1929! Obama is creating the second Great Depression before our eyes. They persecute dissident Ken Lewis as Chicago thieves run the country amuck. American industry is starved of liquidity while stock market speculators have more money than they can handle.
When the administration gets caught allowing speculation with TARP funds there likely will be another freeze up of the entire economy as the TARP plug is pulled. US stocks will plummet and the recent speculative TARP profits of the financial sector will turn into staggering losses again.
U.S. stocks fell Thursday with the employment component of the ISM manufacturing index showing still no bottom. The Dow Jones Industrial Average slumped 203 points, the S&P 500 fell 27 points and the NASDAQ Composite lost 64 points. It was the worst performance on the opening day of a quarter since January 2001, when the S&P 500 dropped 2.8%.
Yesterday, the weekly jobless claims report from the Labor Department showed that claims have risen from in the previous week. National manufacturing confirmed the trend Chicago report the previous day that showed the economy was still contracting.
TARP money appears to now be corrupting the financial system. Co-mingling of funds at brokerage houses that are now classified as banks may have run amuck as they did in 1929. The desire to show banking profits is creating the same kind of bubble last seen in 1929 when banks co-mingled investments.
Asian markets were down sharply last night; Hong Kong down -2.8%, Japan down -2.5%, and Taiwan down -1.8%. Several Asian markets were closed or did not report in time.
European markets are down in the range from -0.8% to -1.5% this morning about half way through their day. They were down close to 2% yesterday.
US pre-market futures are down about -0.4% at 8:30 AM EST after yesterday's steep decline.
So far it does not appear that manipulators have enough resources to stratify the current market. In a manipulated market where obviously the corrupt manipulators seek to maximize their own profits, small investors could be cut out completely. Illegal stock market manipulation, the kind that RICO racketeering law applies to… could create a split, two tier, market where certain stocks are pumped up to create absurd profits while the small investors would naturally gravitate to the undervalued stocks that the manipulators would ignore. The manipulated stocks would soar while the small investors would see very little of the gains. The manipulators would call their pumped up stocks, "the best of breed." When Jim Cramer declares his charitable trust recommendations are "best of breed" careful examination usually shows that most of his picks have better competitors. "Best of breed" is usually only in the mind of those trying to get you to buy their own portfolio selections so they can profit. We do our own homework on competitors of the companies in businesses we like.
Dissident Ken Lewis who tried to resist government bullying last fall came under immediate attack by Obama socialists across the country that improperly used taxpayer and state employee funds invested in BOA to politically attack Lewis at shareholder meetings. Dissident Lewis and his team were forced to quietly toe the Treasury/FED's socialist nationalization line until Congress investigated. Then dissident Lewis told the world about how all the financial executives were forced to sign up and shut up or the socialists would illegally replace them. Yes it is true that the Treasury/FED has no right to politically replace freely elected corporate executives just because they are honest, competent, and resist socialism. But that is exactly what the Obama administration did in forcing several other executives to resign so that they could nationalize the auto industry. The attack on dissident Ken Lewis is pure Obama/Cuomo underhanded political persecution/prosecution of a great American leader.
The case against dissident Ken Lewis is entirely fabricated and is a mock trial akin to the standard set by socialists like Stalin to prosecute/persecute the best and brightest of Russia and ultimately attempt to kill all Soviet dissenters. The power and tyranny of the socialists requires these types of staged phony investigations and trials to grow in number. The people who support these types of socialist persecutions have in the past been shown to be either insane or idiots.
Obama also has killed the Raptor, the best fighter plane the world has ever seen, and he weakens America's ability to withstand socialist/communist repression abroad. The Taliban and other theocracies of terrorism are all based on socialist principles that sacrifice the individual to the state. They take pride in filming beheadings of dissidents and running trucks over the arms of child pickpockets. Their theocratic police have authority to quietly stab you in the back the way they did it to that woman bystander who we all watched dying in Iran a few weeks ago. These lunatics are the people Obama chooses as American allies instead of the Israelis!
Market forces October 2
Where is all the stock market speculation money coming from? People had lost 50% or more of their assets and have been fleeing to Treasuries. The banks are broke except for the TARP funds that are supposed to provide liquidity for municipalities and corporations… so who is diverting the Tarp funds to speculate in stocks? What new carnage will this latest stock market bubble leave behind? The Obama administrations banking risk management regulations are apparently a joke perpetuated on Americans. Nothing has changed since 1929! Obama is creating the second Great Depression before our eyes. They persecute dissident Ken Lewis as Chicago thieves run the country amuck. American industry is starved of liquidity while stock market speculators have more money than they can handle.
When the administration gets caught allowing speculation with TARP funds there likely will be another freeze up of the entire economy as the TARP plug is pulled. US stocks will plummet and the recent speculative TARP profits of the financial sector will turn into staggering losses again.
U.S. stocks fell Thursday with the employment component of the ISM manufacturing index showing still no bottom. The Dow Jones Industrial Average slumped 203 points, the S&P 500 fell 27 points and the NASDAQ Composite lost 64 points. It was the worst performance on the opening day of a quarter since January 2001, when the S&P 500 dropped 2.8%.
Yesterday, the weekly jobless claims report from the Labor Department showed that claims have risen from in the previous week. National manufacturing confirmed the trend Chicago report the previous day that showed the economy was still contracting.
TARP money appears to now be corrupting the financial system. Co-mingling of funds at brokerage houses that are now classified as banks may have run amuck as they did in 1929. The desire to show banking profits is creating the same kind of bubble last seen in 1929 when banks co-mingled investments.
Asian markets were down sharply last night; Hong Kong down -2.8%, Japan down -2.5%, and Taiwan down -1.8%. Several Asian markets were closed or did not report in time.
European markets are down in the range from -0.8% to -1.5% this morning about half way through their day. They were down close to 2% yesterday.
US pre-market futures are down about -0.4% at 8:30 AM EST after yesterday's steep decline.
So far it does not appear that manipulators have enough resources to stratify the current market. In a manipulated market where obviously the corrupt manipulators seek to maximize their own profits, small investors could be cut out completely. Illegal stock market manipulation, the kind that RICO racketeering law applies to… could create a split, two tier, market where certain stocks are pumped up to create absurd profits while the small investors would naturally gravitate to the undervalued stocks that the manipulators would ignore. The manipulated stocks would soar while the small investors would see very little of the gains. The manipulators would call their pumped up stocks, "the best of breed." When Jim Cramer declares his charitable trust recommendations are "best of breed" careful examination usually shows that most of his picks have better competitors. "Best of breed" is usually only in the mind of those trying to get you to buy their own portfolio selections so they can profit. We do our own homework on competitors of the companies in businesses we like.
Thursday, October 1, 2009
Why/how is TARP money being illegally diverted into this speculative stock market bubble?
Where is all the stock market money coming from? People had lost 50% or more of their assets and have been fleeing to Treasurys. The banks are broke except for the TARP funds that are supposed to provide liquidity to municipalities and corporations… so who is diverting funds to speculate in stocks? What new carnage will this latest stock market bubble leave behind? The Obama administrations banking risk management regulations are apparently a joke perpetuated on Americans. Nothing has changed since 1929!
Yesterday while mortgage rates for 15- and 30-year mortgages dropped and the deadline for the first-time homebuyer tax credit for sale closings is coming on November 30, the weekly demand for new and refinanced loans fell during the week ended Sept. 25, according to the Mortgage Bankers Association.
Then yesterday a market reversal took hold after the Chicago Purchasing Managers Index for September registered 46.1; a fall back to levels indicating contraction after the index hit 50.0 in August. Any reading below 50 indicates economic contraction. The weak report drained buyers from economically sensitive market sectors like energy, industrial and consumer discretionary shares and back into Treasurys.
The Chicago report followed a GDP report from the Commerce Department that showed the economy was still contracting at a 0.7% rate in the second quarter, better than the 5.4% it shrank in the fourth quarter of 2008 and the 6.4% it shrank in the first quarter of 2009.
Today, the weekly jobless claims report from the Labor Department is expected to show that claims have risen to 535,000 from 530,000 in the previous week. Continuing claims, a measure of Americans who have been out of work for a week or more, are expected to have risen to 6.178 million from 6.138 million last week. The August pending home sales index is expected to have shrunk to 1% after rising 3.2% in July. Construction spending is expected to have fallen 0.2% in August after dipping by the same amount in July. Federal Reserve Chairman Ben Bernanke will testify at the House Financial Services hearing, starting around 9 a.m. ET.
Market forces October 1
The stock marker yesterday could not sustain a rally after starting with futures higher again. The volume of trading yesterday rose another 30% from as the market declined slightly for a second day. Yesterdays volume was higher than average. But close manipulation is evident when we see a precise 1% decline then normal bubble upward pressure causing a slow advance that is finally capped of with a manipulated decline to leave a small loss.
It appears TARP funds are responsible for this bubble and that the market is being manipulated to disguise the powerful upward price pressure being exerted. We could see a surge in stock prices but then the illegal activity would become obvious and the TARP funds would rapidly disappear as fast as they entered the market and stock prices would collapse.
Comcast wants a Stake GE/NBC/ Pravda, the largest U.S. cable network. It is, according to Bloomberg news, in talks with General Electric Co. to buy a stake. GE can use its Pravda influence to take the government cash left on the table when it gets corrupt government officials to scrap the big military competitor products like the F119 Raptor, the worlds best fighter plane. Controlling the media allows GE/Pravda to pump up corrupt political candidates and to disparage the honest candidates. That is why America politicians are getting the new image of a Chicago mob. That is why the American public is becoming so concerned about corruption, socialism, and loss of American freedoms.
TARP money appears to now be corrupting the financial system. Co-mingling of funds at brokerage houses that are now classified as banks may have run amuck as they did in 1929. The desire to show banking profits is creating the same kind of bubble last seen in 1929 when banks co-mingled investments. The Obama administration will likely go down as the most corrupt government in the history of the U.S.A. if it does not get its government act together soon.
Asian markets were down last night; China/Hong Kong had a holiday, Japan down -1.5%, India up 0.1%, and S. Korea down -1.7%.
European markets are down in the range from -0.3% to -0.7% this morning about half way through their day.
US pre-market futures are down about -0.5% at 7:30 AM EST after yesterday's decline.
In a manipulated market where obviously the corrupt manipulators seek to maximize their own profits, small investors could be cut out completely. Illegal stock market manipulation, the kind that RICO racketeering law applies to… could create a split, two tier, market where certain stocks are pumped up to create absurd profits while the small investors would naturally gravitate to the undervalued stocks that the manipulators would ignore. The manipulated stocks would soar while the small investors would see very little of the illicit gains. The manipulators would call their pumped up stocks, "the best of breed."
Yesterday while mortgage rates for 15- and 30-year mortgages dropped and the deadline for the first-time homebuyer tax credit for sale closings is coming on November 30, the weekly demand for new and refinanced loans fell during the week ended Sept. 25, according to the Mortgage Bankers Association.
Then yesterday a market reversal took hold after the Chicago Purchasing Managers Index for September registered 46.1; a fall back to levels indicating contraction after the index hit 50.0 in August. Any reading below 50 indicates economic contraction. The weak report drained buyers from economically sensitive market sectors like energy, industrial and consumer discretionary shares and back into Treasurys.
The Chicago report followed a GDP report from the Commerce Department that showed the economy was still contracting at a 0.7% rate in the second quarter, better than the 5.4% it shrank in the fourth quarter of 2008 and the 6.4% it shrank in the first quarter of 2009.
Today, the weekly jobless claims report from the Labor Department is expected to show that claims have risen to 535,000 from 530,000 in the previous week. Continuing claims, a measure of Americans who have been out of work for a week or more, are expected to have risen to 6.178 million from 6.138 million last week. The August pending home sales index is expected to have shrunk to 1% after rising 3.2% in July. Construction spending is expected to have fallen 0.2% in August after dipping by the same amount in July. Federal Reserve Chairman Ben Bernanke will testify at the House Financial Services hearing, starting around 9 a.m. ET.
Market forces October 1
The stock marker yesterday could not sustain a rally after starting with futures higher again. The volume of trading yesterday rose another 30% from as the market declined slightly for a second day. Yesterdays volume was higher than average. But close manipulation is evident when we see a precise 1% decline then normal bubble upward pressure causing a slow advance that is finally capped of with a manipulated decline to leave a small loss.
It appears TARP funds are responsible for this bubble and that the market is being manipulated to disguise the powerful upward price pressure being exerted. We could see a surge in stock prices but then the illegal activity would become obvious and the TARP funds would rapidly disappear as fast as they entered the market and stock prices would collapse.
Comcast wants a Stake GE/NBC/ Pravda, the largest U.S. cable network. It is, according to Bloomberg news, in talks with General Electric Co. to buy a stake. GE can use its Pravda influence to take the government cash left on the table when it gets corrupt government officials to scrap the big military competitor products like the F119 Raptor, the worlds best fighter plane. Controlling the media allows GE/Pravda to pump up corrupt political candidates and to disparage the honest candidates. That is why America politicians are getting the new image of a Chicago mob. That is why the American public is becoming so concerned about corruption, socialism, and loss of American freedoms.
TARP money appears to now be corrupting the financial system. Co-mingling of funds at brokerage houses that are now classified as banks may have run amuck as they did in 1929. The desire to show banking profits is creating the same kind of bubble last seen in 1929 when banks co-mingled investments. The Obama administration will likely go down as the most corrupt government in the history of the U.S.A. if it does not get its government act together soon.
Asian markets were down last night; China/Hong Kong had a holiday, Japan down -1.5%, India up 0.1%, and S. Korea down -1.7%.
European markets are down in the range from -0.3% to -0.7% this morning about half way through their day.
US pre-market futures are down about -0.5% at 7:30 AM EST after yesterday's decline.
In a manipulated market where obviously the corrupt manipulators seek to maximize their own profits, small investors could be cut out completely. Illegal stock market manipulation, the kind that RICO racketeering law applies to… could create a split, two tier, market where certain stocks are pumped up to create absurd profits while the small investors would naturally gravitate to the undervalued stocks that the manipulators would ignore. The manipulated stocks would soar while the small investors would see very little of the illicit gains. The manipulators would call their pumped up stocks, "the best of breed."
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