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.