Lack of confidence in Obama and other world leaders is shaking the world.

World Outlook
U.S. stock-index futures slump. Bank of America declines and U.S. stock futures plunged, indicating the US market will join a global slump, as Dubai’s attempt to reschedule its debt rattled investors and drove banks lower. How could an oil rich Muslim society be bankrupt? Maybe they spend too much money on terrorism? Maybe they behead the wrong people? How could Muslim theocratic socialism be a failure even with all their oil?

Market Outlook:
Solar and alternative energy is a good idea even if nature and not man is the cause of global warming because Muslim theocratic socialism and terrorism makes oil a very dirty business.

This week:
Existing Home Sales were up over 10%.
The government revised its estimate of third quarter GDP to 2.8% growth from its initial 3.5% figure. The Conference Board's November consumer confidence index was up slightly but not as much as investors hoped. The final November figure of the Reuters-University of Michigan consumer confidence index was improved. Home Price Index in 20 U.S. cities indicated it probably has bottomed.
Spending by U.S. consumers rebounded in October and new U.S. Initial Jobless Claims fell to by 30,000 to the lowest since September 2008.
Orders for goods meant to last several years unexpectedly fell in October, restrained by a drop in demand for defense equipment and a reminder the economic recovery will be slow to gain speed.
New Home Sales were up!!

Today, Friday, Nov 27, the Muslim theocratic socialists and terrorists of the world can't manage their wealth and could endanger world oil supplies. This new Muslim economic terror of pending default may just raise oil and gas prices for them.

Market forces November 27
We estimate the NYSE must still rise 2.2% from Wednesday's close to be interpreted as a continuing rally not a declining head and shoulder sell signal. That reflects both the price change and volume of shares being traded. The Dubai surprise may precipitate a new worldwide economic crisis. In any event after a possible Santa-Claus rally a normal -3% to -5% downward correction would be due… so it is still wise to take profits were possible. If the head and shoulders sell signal occurs the correction could be closer to -10% to -15%. Asian markets appear to have entered into a limited price range period and America may soon do the same. Corruption and leftist loony incompetence is driving the popularity of the Obama administration lower by the day. Having the socialists and loony left in power in America is a constant threat to American freedoms, scientific integrity, free enterprise, and world stability.

Asian markets were down sharply due to Dubai last night; China down -2.4%, Hong Kong down -4.8%, India down -1.3%, Japan down -3.2%, Seoul down -4.7%and Taiwan down -3.2%.

European markets were down more than 3% Thursday but are recovering today with the average in a range from 0.3% to 0.4% this morning about half way through their day.

US pre-market futures are down about -2%% today at 9:00 AM EST.

It is important to be able to take stock profits before January if the broader market of the NYSE does not set a new high at least 2.2% above Wednesday's closing price and on above average volume. The DOW is up but the DOW is where money goes when the market is shaky. That disparity itself is a concern. We would even consider getting retirement investments on the sidelines under those conditions. Will the Muslim world be forced to sell gold now or will uncertainty drive gold prices higher still? It is more likely gold prices will continue to rise.