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.