World Outlook
Greece continues down the path of insolvency, as creditors demand higher and higher interest rates because Greek politicians ignorantly continue high deficit spending. It is the same policy the Obama socialist administration is following only we have had much smarter presidents and economic advisors in the past so we are about five years behind Greece but on the same path. However Americans will likely make major political changes this year and in three years. Hopefully Obama will get his wish being a famously notorious first socialist president of the United States and serve just one term. If not we can look forward to at least ten years of economic depression.
Market Week Reports:
Existing Home Sales were down a record 17% but the average existing home price rose 1% indicating deflation may be over.
Home prices and consumer confidence in the U.S. climbed indicating the economy is headed toward recovery and credit tightening could begin any time.
The S&P/Case-Shiller overall national home-price index increased 0.2 percent in November, the sixth consecutive gain. Home values since May have regained about one 10th of the record 32 percent plunge over the past three years and have much ground to make up.
The Conference Board’s confidence gauge rose this month to the highest level in more than a year 55.9% from 53.9% last month. It was over 140% when Bush took office and 110% when Obama was elected. It dropped to 885 after the 911 attack.
.
New Home Sales: Ending for the worst year for housing since World War II, sales of new U.S. homes fell 6.5% in December to a seasonally adjusted annual rate of 342,000 after falling 9.3% in November to 370,000 the Commerce Department said Wednesday. It was the lowest seasonally adjusted new home sales pace since March.
FOMC: The FED decided to hold interest rates near zero for another six weeks when they meet again. However one member disagreed this time and wanted to raise rates.
Yesterday
470,000 more Americans filed for initial unemployment insurance in the week ended Jan. 23, after an enormous revised 478,000 filed the previous week according to the Labor Department. The 4-week moving average of initial claims was 456,250, up 9,500 from the previous week's revised average of 446,750. This is seven times higher than the highest rates seen when the Obama political campaign machine ignorantly proclaimed that Bush had put us in a depression and about six months before Senator Dodd began destabilizing our banks by leaking confidential Senate Banking Committee reports on troubled banks. The cause of the bank failures was due to Senators Rangle and Dodd forcing banks to give loans to indigents with no income under the Senate Banking Committee threat of being accused of redlining and thereby being restricted from offering FHA loans.
US durable goods orders rose slightly in December (0.3 percent) after two consecutive months of declines, the Commerce Department reported.
Friday, Jan. 29:
GDP
Chicago PM Index
Consumer Sentiment
Market forces January 28, 2010
We remain 75% out of the market but are setting price targets for buying. Jim Cramer was visibly panicky last night as he recommended put off purchasing stocks. The NYSE is within 3% of breaking through the neck of a head and shoulders sell signal. When adjusting for low volume on market advances and higher volume on declines we are within 0.4% of that market breakdown.
The longer the FED waits to take action to slow inflation the more difficult it will be to control and the longer and more severe the FED contraction will ultimately be.
Investors are now moving out of American equities that depend heavily on China for much of their revenues. All stocks dependent on China will likely be much more adversely affected by China's cooling off period than China itself will be effected. But yesterday the market began discounting Jim Cramer type technical stock hype and tech stocks fell precipitously.
Asian markets were up over night; Shanghai down -0.2%, Hong Kong down -1.2%, India up 0.3%, and Japan down -2.1%.
European markets are up slightly with the average in a range from 0.1% to 0.3% this morning about half way through their day.
US pre-market futures are up again about 0.7% today at 9:00 AM EST.
American morning futures and European markets are not reliable predictors when market volume is so low. But they do tell which way speculators are leaning.
Friday, January 29, 2010
Monday, January 25, 2010
Americans are united and against oink-oink bonuses for profits that were the direct result of the infusing of taxpayers cash.
American taxpayers say give back our money you self deluded bank executives. You lost your money and we want ours back now! We gave you that money by loaning you your reserves and then paying you more interest on it than you paid back. Every dime you made was taxpayer largess you ingrates! You did not earn any bonus this past year you self serving banker pigs.
Goldman Sachs Group Inc., Morgan Stanley and JPMorgan Chase & Co.’s investment bank just now reduced their compensation in the fourth quarter, responding to political pressure that will probably persist as details of bonuses for their top executives emerge.
World Outlook
The likelihood of a surge in new mortgage losses and credit difficulties is high. Few reforms have been enacted that would make a second wave of difficulties any different from the first wave. China continues to put the brakes on their economy having a depressing effect on world commodities. That also means they have less cash to buy US treasuries and rates can be expected to begin to rise in the free world as well. Higher rates cause without recovery is stagflation and the Jimmy Carter type malaise and inflation of the late 1970's.
Market Week Reports:
Monday, Jan. 25
Existing Home Sales 10am
Tuesday, Jan. 26
Home Price Index.
Consumer Confidence
Wednesday, Jan. 27
New Home Sales
FOMC
Thursday, Jan. 28
Unemployment Claims
Durable Goods Orders
Friday, Jan. 29:
GDP
Chicago PM Index
Consumer Sentiment
Market forces January 25, 2010
Bank of Japan policy makers are prepared to expand an emergency-loan program for banks and increasing purchases of government debt should the recovery falter, people with knowledge of the matter said. FDR's leftist policies also failed and spun America into the Great Depression after what first looked like a stock market recovery. The stock market dropped then to a new low and FDR then dropped his leftist advisors. At the time of the Great Depression communism was on the rise abroad and in American universities so we can excuse FDR for his early leftist failures. But today communism has been proven a complete failure and a pox on human civilization so Obama has no excuse for his failing socialist economic policies. China is doing well at the moment because for the first time they are allowing their people economic freedoms that Americans have enjoyed for 275 years. If China ends those freedoms China will likely have a very bloody revolution that will end their totalitarian regime.
If Trim Tabs was correct in their evidence that the Obama administration may have floated the stock market to stabilize world markets, then an angry Obama has the power to cut off that money if Wall Street refuses to continue to accede to his demands. But the billions of Wall Street dollars that floated the lunatic left into office in 2008 turned to a trickle in Massachusetts this week and swept Senator Brown into office. Obama could drive the markets to their old lows again. After all the Washington leftist lunatics tried and almost succeeded in causing a Great Depression again in 2008, Obama may now succeed in 2010.
First Senator Rangle and Dodd destabilized the mortgage industry in 2005 by calling banks racist if they refused to give home mortgages to people who cannot afford them.
Second the Obama campaign called the recession a Great Depression in 2008 when it most certainly was only a mild recession to start a panic and make the Bush administration look inept.
Then Senator Dodd in mid 2008 leaked the names of a few banks that had gone insolvent due to people with 125% mortgages walking away with the 25% cash they got and caused the first runs on American banks.
We remain 90% out of the market. January’s rally in Treasuries appears fleeting, as options traders bet on more volatility in bonds and waning volatility in stocks. That is a harbinger of higher FED interest rates and higher inflation. Stagflation caused stocks to move sideways under Jimmy Carter.
Asian markets were down again over night; Shanghai down -1.1%, Hong Kong down -0.6%, India down -0.5%, and Japan down -0.7%.
European markets are down again with the average in a range from -0.2% to-0.5% this morning about half way through their day.
US pre-market futures are up at about 0.7% today at 7:30 AM EST. American morning futures are not too reliable.
Goldman Sachs Group Inc., Morgan Stanley and JPMorgan Chase & Co.’s investment bank just now reduced their compensation in the fourth quarter, responding to political pressure that will probably persist as details of bonuses for their top executives emerge.
World Outlook
The likelihood of a surge in new mortgage losses and credit difficulties is high. Few reforms have been enacted that would make a second wave of difficulties any different from the first wave. China continues to put the brakes on their economy having a depressing effect on world commodities. That also means they have less cash to buy US treasuries and rates can be expected to begin to rise in the free world as well. Higher rates cause without recovery is stagflation and the Jimmy Carter type malaise and inflation of the late 1970's.
Market Week Reports:
Monday, Jan. 25
Existing Home Sales 10am
Tuesday, Jan. 26
Home Price Index.
Consumer Confidence
Wednesday, Jan. 27
New Home Sales
FOMC
Thursday, Jan. 28
Unemployment Claims
Durable Goods Orders
Friday, Jan. 29:
GDP
Chicago PM Index
Consumer Sentiment
Market forces January 25, 2010
Bank of Japan policy makers are prepared to expand an emergency-loan program for banks and increasing purchases of government debt should the recovery falter, people with knowledge of the matter said. FDR's leftist policies also failed and spun America into the Great Depression after what first looked like a stock market recovery. The stock market dropped then to a new low and FDR then dropped his leftist advisors. At the time of the Great Depression communism was on the rise abroad and in American universities so we can excuse FDR for his early leftist failures. But today communism has been proven a complete failure and a pox on human civilization so Obama has no excuse for his failing socialist economic policies. China is doing well at the moment because for the first time they are allowing their people economic freedoms that Americans have enjoyed for 275 years. If China ends those freedoms China will likely have a very bloody revolution that will end their totalitarian regime.
If Trim Tabs was correct in their evidence that the Obama administration may have floated the stock market to stabilize world markets, then an angry Obama has the power to cut off that money if Wall Street refuses to continue to accede to his demands. But the billions of Wall Street dollars that floated the lunatic left into office in 2008 turned to a trickle in Massachusetts this week and swept Senator Brown into office. Obama could drive the markets to their old lows again. After all the Washington leftist lunatics tried and almost succeeded in causing a Great Depression again in 2008, Obama may now succeed in 2010.
First Senator Rangle and Dodd destabilized the mortgage industry in 2005 by calling banks racist if they refused to give home mortgages to people who cannot afford them.
Second the Obama campaign called the recession a Great Depression in 2008 when it most certainly was only a mild recession to start a panic and make the Bush administration look inept.
Then Senator Dodd in mid 2008 leaked the names of a few banks that had gone insolvent due to people with 125% mortgages walking away with the 25% cash they got and caused the first runs on American banks.
We remain 90% out of the market. January’s rally in Treasuries appears fleeting, as options traders bet on more volatility in bonds and waning volatility in stocks. That is a harbinger of higher FED interest rates and higher inflation. Stagflation caused stocks to move sideways under Jimmy Carter.
Asian markets were down again over night; Shanghai down -1.1%, Hong Kong down -0.6%, India down -0.5%, and Japan down -0.7%.
European markets are down again with the average in a range from -0.2% to-0.5% this morning about half way through their day.
US pre-market futures are up at about 0.7% today at 7:30 AM EST. American morning futures are not too reliable.
Friday, January 22, 2010
Socialist and communist and other lunatic leftists of the world are united.
Goldman Sachs Group said Thursday it earned $4.79 billion in the fourth quarter — a windfall that came in part from slashing its obscene bonus package in response to American public pressure over their Marie Antoinette cake obsession. The Obama administration thinks Goldman's profits in 2008 and 2009 were analogous to Goldman selling poison to children in aspirin bottles and then taking life insurance out on the children. The insurance is what paid off handsomely. The poison sent the American economy to the hospital
The Obama administration threatens to use a lead pipe on Goldman and the rest of the financial system if necessary to break it up. The socialists in London said on the BBC that they love that idea and wish they thought of it first. They say being in a socialist government is like being in an orchestra. They all have to be in tune and follow the leader or it sounds terrible. Among the issues causing a cacophony in Europe is health care. But it isn't the Obama administration at fault. No the BBC thinks Obama is right and the American people are just country bumpkins. No the BBC today is attacking Ms. Merkle, the leader in Germany who is not behaving like a good national socialist and is looking for ways to help the taxpayers… you know the ones who still bring home the bacon that keeps the socialist parasites and communist maggots alive.
The BBC showed today that Hilary Clinton, the American Secretary of State, does not sing on tune either with communist maggots. The Chinese Communists think she has a lot of nerve saying that China will be cut off from freedom and prosperity if they continue to hack in like criminals to steal information from competitors and get information on dissidents so that they can legally shoot their dissidents according to the law of the jungle which they call their solemn communist obligation. It is apparently ok for communists and other National socialists (Nazi's) to tell their big lies about success as long as other sovereign states do not criticize their lunatic leftist leaders. Criticism of communist arrogance and stupidity and insanity and instability, and insecurity, and oppression ist verbotten!
American liberty is far better than socialism, or communism, or the other lunatic asylums and rehabs that wealthy airheads adore and think are what government is for.
World Outlook
China continues to react to 20% real estate inflation in industrial cities by putting the brakes on their economy. That means they will have less cash to buy US treasuries and rates may begin to rise in the free world as well.
Market Week Reports:
Housing Market Index: Builder confidence in the market for newly built, single-family homes declined another point to 15 in January on continuing concerns about the poor job market and large number of foreclosed homes for sale, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI).
Citigroup Inc. posted a $7.6 billion net loss in the fourth quarter as its investment bank missed out on the deluge of virtually free money the socialists have been throwing away.
The euro hit five-month lows against both the dollar and sterling on Wednesday as the European currency broke decisively below a key support level.
New Housing Starts fell in December, government data showed Wednesday, to an annual rate of 557,000 during the month, down 4% from the downward revised November rate of 580,000, the Commerce Department said.
The Producer Price Index for Finished Goods moved up 0.2 percent in December, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This rise followed a 1.8-percent advance in November and a 0.3-percent increase in October. Prices for finished goods advanced 4.4 percent in 2009, after falling 0.9 percent in 2008. For the last quarter of 2009 prices increased 2.3% or at an annual rate of 9.2%.
Yesterday
The number of Americans filing first-time claims for unemployment insurance surged to a 2-month high last week. There were 482,000 initial job claims filed in the week ended Jan. 16, up 36,000 from an upward revised 446,000 the previous week, the Labor Department said in its weekly report.
The Conference Board Leading Economic Index™ (LEI) for the U.S. increased 1.1 percent in December, following a 1.0 percent gain in November, and a 0.3 percent rise in October. The stock market correlates with this.
The unemployment rate correlates with the Conference Board Lagging Economic Index™ (LAG) which declined 0.2 percent in December, following a 0.5 percent decline in November, and a 0.2 percent decline in October.
Friday, Jan. 22:
No reports today
Market forces January 22, 2010
If Trim Tabs was correct in their evidence that the Obama administration may have floated the stock market to stabilize world markets, then an angry Obama has the power to cut off that money if Wall Street refuses to continue to accede to his demands. But the billions of Wall Street dollars that floated the lunatic left into office in 2008 turned to a trickle in Massachusetts this week and instead swept Senator Brown into office on Tuesday past. That is a dicey game to play and Obama could drive the markets to their old lows again. After all the Washington leftist lunatics tried and almost succeeded in causing a Great Depression in 2008 in order to take power.
We remain 90% out of the market. It is time to begin researching new bargains.
Asian markets were down sharply again over night; Shanghai down -1%, Hong Kong down -0.7%, India down -1.1%, and Japan down -2.6%.
European markets are down again with the average in a range from -0.9% to-1.2% this morning about half way through their day.
US pre-market futures are down at about -0.3% today at 8:30 AM EST. American morning futures are not too reliable.
The Obama administration threatens to use a lead pipe on Goldman and the rest of the financial system if necessary to break it up. The socialists in London said on the BBC that they love that idea and wish they thought of it first. They say being in a socialist government is like being in an orchestra. They all have to be in tune and follow the leader or it sounds terrible. Among the issues causing a cacophony in Europe is health care. But it isn't the Obama administration at fault. No the BBC thinks Obama is right and the American people are just country bumpkins. No the BBC today is attacking Ms. Merkle, the leader in Germany who is not behaving like a good national socialist and is looking for ways to help the taxpayers… you know the ones who still bring home the bacon that keeps the socialist parasites and communist maggots alive.
The BBC showed today that Hilary Clinton, the American Secretary of State, does not sing on tune either with communist maggots. The Chinese Communists think she has a lot of nerve saying that China will be cut off from freedom and prosperity if they continue to hack in like criminals to steal information from competitors and get information on dissidents so that they can legally shoot their dissidents according to the law of the jungle which they call their solemn communist obligation. It is apparently ok for communists and other National socialists (Nazi's) to tell their big lies about success as long as other sovereign states do not criticize their lunatic leftist leaders. Criticism of communist arrogance and stupidity and insanity and instability, and insecurity, and oppression ist verbotten!
American liberty is far better than socialism, or communism, or the other lunatic asylums and rehabs that wealthy airheads adore and think are what government is for.
World Outlook
China continues to react to 20% real estate inflation in industrial cities by putting the brakes on their economy. That means they will have less cash to buy US treasuries and rates may begin to rise in the free world as well.
Market Week Reports:
Housing Market Index: Builder confidence in the market for newly built, single-family homes declined another point to 15 in January on continuing concerns about the poor job market and large number of foreclosed homes for sale, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI).
Citigroup Inc. posted a $7.6 billion net loss in the fourth quarter as its investment bank missed out on the deluge of virtually free money the socialists have been throwing away.
The euro hit five-month lows against both the dollar and sterling on Wednesday as the European currency broke decisively below a key support level.
New Housing Starts fell in December, government data showed Wednesday, to an annual rate of 557,000 during the month, down 4% from the downward revised November rate of 580,000, the Commerce Department said.
The Producer Price Index for Finished Goods moved up 0.2 percent in December, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This rise followed a 1.8-percent advance in November and a 0.3-percent increase in October. Prices for finished goods advanced 4.4 percent in 2009, after falling 0.9 percent in 2008. For the last quarter of 2009 prices increased 2.3% or at an annual rate of 9.2%.
Yesterday
The number of Americans filing first-time claims for unemployment insurance surged to a 2-month high last week. There were 482,000 initial job claims filed in the week ended Jan. 16, up 36,000 from an upward revised 446,000 the previous week, the Labor Department said in its weekly report.
The Conference Board Leading Economic Index™ (LEI) for the U.S. increased 1.1 percent in December, following a 1.0 percent gain in November, and a 0.3 percent rise in October. The stock market correlates with this.
The unemployment rate correlates with the Conference Board Lagging Economic Index™ (LAG) which declined 0.2 percent in December, following a 0.5 percent decline in November, and a 0.2 percent decline in October.
Friday, Jan. 22:
No reports today
Market forces January 22, 2010
If Trim Tabs was correct in their evidence that the Obama administration may have floated the stock market to stabilize world markets, then an angry Obama has the power to cut off that money if Wall Street refuses to continue to accede to his demands. But the billions of Wall Street dollars that floated the lunatic left into office in 2008 turned to a trickle in Massachusetts this week and instead swept Senator Brown into office on Tuesday past. That is a dicey game to play and Obama could drive the markets to their old lows again. After all the Washington leftist lunatics tried and almost succeeded in causing a Great Depression in 2008 in order to take power.
We remain 90% out of the market. It is time to begin researching new bargains.
Asian markets were down sharply again over night; Shanghai down -1%, Hong Kong down -0.7%, India down -1.1%, and Japan down -2.6%.
European markets are down again with the average in a range from -0.9% to-1.2% this morning about half way through their day.
US pre-market futures are down at about -0.3% today at 8:30 AM EST. American morning futures are not too reliable.
Thursday, January 21, 2010
Emerging Stocks Fall, Erasing 2010 Gains, as Asset Bubble Concern Grows.
We said the Emerging market in Asia was peaking last August and was flat the rest of the year. Only now do the news media report that investors were returning to American stocks just as the American markets begin to decline. The news remains 50% wrong in calling turning points, which is the equivalent of flipping a coin.
For the last quarter of 2009 prices increased 2.3% or at an annual rate of 9.2%.
World Outlook
Brazil’s Finance Ministry joins China in considering anti-inflationary measures O Estado de S. Paulo reported, citing unnamed government officials. China's real estate prices were rising at 20% per year in recent reports. That resembles the Japanese bubble in 1990 just as Japan's bubble burst.
Market Week Reports:
Housing Market Index: Builder confidence in the market for newly built, single-family homes declined another point to 15 in January on continuing concerns about the poor job market and large number of foreclosed homes for sale, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI).
Citigroup Inc. posted a $7.6 billion net loss in the fourth quarter as its investment bank missed out on the deluge of virtually free money the socialists have been throwing away.
The euro hit five-month lows against both the dollar and sterling on Wednesday as the European currency broke decisively below a key support level.
Yesterday
New Housing Starts fell in December, government data showed Wednesday, to an annual rate of 557,000 during the month, down 4% from the downward revised November rate of 580,000, the Commerce Department said.
The Producer Price Index for Finished Goods moved up 0.2 percent in December, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This rise followed a 1.8-percent advance in November and a 0.3-percent increase in October. Prices for finished goods advanced 4.4 percent in 2009, after falling 0.9 percent in 2008. For the last quarter of 2009 prices increased 2.3% or at an annual rate of 9.2%.
Thursday, Jan. 21:
The number of Americans filing first-time claims for unemployment insurance surged to a 2-month high last week. There were 482,000 initial job claims filed in the week ended Jan. 16, up 36,000 from an upward revised 446,000 the previous week, the Labor Department said in its weekly report.
Leading Economic Indicators
Friday, Jan. 22:
No reports
Market forces January 21, 2010
We remain 90% out of the market.
Asian markets were down sharply again over night; Shanghai down -2%, Hong Kong down -2%, India down -2.4%, and Japan up 1.2%.
European markets are flat with the average in a range from 0.3% to-0.6% this morning about half way through their day.
US pre-market futures are up at about 0.3% today at 9:00 AM EST. American morning futures are not too reliable.
For the last quarter of 2009 prices increased 2.3% or at an annual rate of 9.2%.
World Outlook
Brazil’s Finance Ministry joins China in considering anti-inflationary measures O Estado de S. Paulo reported, citing unnamed government officials. China's real estate prices were rising at 20% per year in recent reports. That resembles the Japanese bubble in 1990 just as Japan's bubble burst.
Market Week Reports:
Housing Market Index: Builder confidence in the market for newly built, single-family homes declined another point to 15 in January on continuing concerns about the poor job market and large number of foreclosed homes for sale, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI).
Citigroup Inc. posted a $7.6 billion net loss in the fourth quarter as its investment bank missed out on the deluge of virtually free money the socialists have been throwing away.
The euro hit five-month lows against both the dollar and sterling on Wednesday as the European currency broke decisively below a key support level.
Yesterday
New Housing Starts fell in December, government data showed Wednesday, to an annual rate of 557,000 during the month, down 4% from the downward revised November rate of 580,000, the Commerce Department said.
The Producer Price Index for Finished Goods moved up 0.2 percent in December, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This rise followed a 1.8-percent advance in November and a 0.3-percent increase in October. Prices for finished goods advanced 4.4 percent in 2009, after falling 0.9 percent in 2008. For the last quarter of 2009 prices increased 2.3% or at an annual rate of 9.2%.
Thursday, Jan. 21:
The number of Americans filing first-time claims for unemployment insurance surged to a 2-month high last week. There were 482,000 initial job claims filed in the week ended Jan. 16, up 36,000 from an upward revised 446,000 the previous week, the Labor Department said in its weekly report.
Leading Economic Indicators
Friday, Jan. 22:
No reports
Market forces January 21, 2010
We remain 90% out of the market.
Asian markets were down sharply again over night; Shanghai down -2%, Hong Kong down -2%, India down -2.4%, and Japan up 1.2%.
European markets are flat with the average in a range from 0.3% to-0.6% this morning about half way through their day.
US pre-market futures are up at about 0.3% today at 9:00 AM EST. American morning futures are not too reliable.
Wednesday, January 20, 2010
Scott Brown defeats the Obama socialist Martha Coakley.
Scott Brown won the open Massachusetts Senate seat.
Jim Cramer was elated again yesterday in anticipation that the Obama leftists would be handed a resounding defeat. The market, which rises in anticipation of good news usually declines on the announcement of the good news. The old adage is to buy on rumor and sell on the news.
Hypocrite Obama said last year that those who seek to silence dissent had been defeated but then he immediately tried to silence Americans who disdain communist and socialist demagogues. He proved that the repressors of dissent had in fact just been elected to the executive branch of the American government. He showed now he is deaf to all but the socialist parasites and communist maggots of the left. It took the sight of those maggots for Americans to realize that the Obama's critics had assessed him correctly from the very beginning. He wants to profane American democracy by building a voting plurality from people with no work ethic and potheads in coalition of affluent leftist airheads. Together with Obama they can legally steal from the Americans who still support American liberties, the American work ethic, and English as America's national language.
Even the EU has chosen English as the common language of an integrated Europe. Most of the world has chosen English as the language of Business. But in America the leftist air heads that hated their parents but love their inherited wealth do not have enough smarts to realize that not knowing English is a handicap almost anywhere in the world not just in America. But the leftists who exploit these groups know very well that not knowing English in a business world that speaks English is a major handicap… almost as bad as being a rich air head.
Stalinist and Nationalist Socialist democracies that can deliver the plurality at the voting booth have been a pox on human civilization. Hitler and Stalin won every election and murdered millions of innocents as a result. Husein's last election in Iraq won him 98% of the vote even though our soldiers discovered that he was quietly dissolved his live enemies in vats of acid. Barack Hussein Obama still does not even think or talk like a true American. That is why so many people still think he is an illegal Indonesian Muslim resident.
World Outlook
Two key executives of Baidu, China's corporate version of Google, resigned indicating that Chinese communists were behind the cyber attacks on Google and 30 other major corporations. If the Chinese government had not been behind the attacks the Chinese government would have just put bullets in the heads of the Chinese executives that organized the attacks.
Market Week Reports:
Yesterday
Housing Market Index: Builder confidence in the market for newly built, single-family homes declined another point to 15 in January on continuing concerns about the poor job market and large number of foreclosed homes for sale, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI).
Citigroup Inc. posted a $7.6 billion net loss in the fourth quarter as its investment bank missed out on the deluge of virtually free money the socialists have been throwing away.
The euro hit five-month lows against both the dollar and sterling on Wednesday as the European currency broke decisively below a key support level.
Wednesday, Jan. 20:
New Housing Starts
Producer Price Index
Thursday, Jan. 21:
Unemployment Claims
Leading Economic Indicators
Friday, Jan. 22:
No reports
Market forces January 20, 2010
Americans are very concerned that Obama and Congress continue to throw money at ACORN, labor unions, state and federal employees, welfare and unemployed while increasing taxes on every organization capable of creating jobs and value. It is time to up the pressure on people finding jobs. It is time to lower the minimum wage. The 60-Minutes show reported on Sunday that the American island of Samoa just lost a critical cannery and may lose it's last cannery due to the minimum wage law. In some places the cost of living is a lot lower and it makes no sense to impose in Samoa the minimum wage required in Boston or Hollywood. But that is what the leftist airheads think is best for Samoa. Americans are concerned the Obama administration incompetence is doing serious damage to the infrastructure of the American Economy by taxing the American work ethic and expanding welfare and unionization featherbedding and favoritism.
Asian markets were down over night; Shanghai down 3%, Hong Kong down 1.8%, India down -0.1%, and Japan down -0.3%.
European markets are down with the average in a range from -0.4% to -0.7% this morning about half way through their day.
US pre-market futures are down at about -0.4% today at 8:00 AM EST. Of course yesterday it was down -0.2% at the start and up 1.2% at the end. American morning futures are not too reliable.
Jim Cramer was elated again yesterday in anticipation that the Obama leftists would be handed a resounding defeat. The market, which rises in anticipation of good news usually declines on the announcement of the good news. The old adage is to buy on rumor and sell on the news.
Hypocrite Obama said last year that those who seek to silence dissent had been defeated but then he immediately tried to silence Americans who disdain communist and socialist demagogues. He proved that the repressors of dissent had in fact just been elected to the executive branch of the American government. He showed now he is deaf to all but the socialist parasites and communist maggots of the left. It took the sight of those maggots for Americans to realize that the Obama's critics had assessed him correctly from the very beginning. He wants to profane American democracy by building a voting plurality from people with no work ethic and potheads in coalition of affluent leftist airheads. Together with Obama they can legally steal from the Americans who still support American liberties, the American work ethic, and English as America's national language.
Even the EU has chosen English as the common language of an integrated Europe. Most of the world has chosen English as the language of Business. But in America the leftist air heads that hated their parents but love their inherited wealth do not have enough smarts to realize that not knowing English is a handicap almost anywhere in the world not just in America. But the leftists who exploit these groups know very well that not knowing English in a business world that speaks English is a major handicap… almost as bad as being a rich air head.
Stalinist and Nationalist Socialist democracies that can deliver the plurality at the voting booth have been a pox on human civilization. Hitler and Stalin won every election and murdered millions of innocents as a result. Husein's last election in Iraq won him 98% of the vote even though our soldiers discovered that he was quietly dissolved his live enemies in vats of acid. Barack Hussein Obama still does not even think or talk like a true American. That is why so many people still think he is an illegal Indonesian Muslim resident.
World Outlook
Two key executives of Baidu, China's corporate version of Google, resigned indicating that Chinese communists were behind the cyber attacks on Google and 30 other major corporations. If the Chinese government had not been behind the attacks the Chinese government would have just put bullets in the heads of the Chinese executives that organized the attacks.
Market Week Reports:
Yesterday
Housing Market Index: Builder confidence in the market for newly built, single-family homes declined another point to 15 in January on continuing concerns about the poor job market and large number of foreclosed homes for sale, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI).
Citigroup Inc. posted a $7.6 billion net loss in the fourth quarter as its investment bank missed out on the deluge of virtually free money the socialists have been throwing away.
The euro hit five-month lows against both the dollar and sterling on Wednesday as the European currency broke decisively below a key support level.
Wednesday, Jan. 20:
New Housing Starts
Producer Price Index
Thursday, Jan. 21:
Unemployment Claims
Leading Economic Indicators
Friday, Jan. 22:
No reports
Market forces January 20, 2010
Americans are very concerned that Obama and Congress continue to throw money at ACORN, labor unions, state and federal employees, welfare and unemployed while increasing taxes on every organization capable of creating jobs and value. It is time to up the pressure on people finding jobs. It is time to lower the minimum wage. The 60-Minutes show reported on Sunday that the American island of Samoa just lost a critical cannery and may lose it's last cannery due to the minimum wage law. In some places the cost of living is a lot lower and it makes no sense to impose in Samoa the minimum wage required in Boston or Hollywood. But that is what the leftist airheads think is best for Samoa. Americans are concerned the Obama administration incompetence is doing serious damage to the infrastructure of the American Economy by taxing the American work ethic and expanding welfare and unionization featherbedding and favoritism.
Asian markets were down over night; Shanghai down 3%, Hong Kong down 1.8%, India down -0.1%, and Japan down -0.3%.
European markets are down with the average in a range from -0.4% to -0.7% this morning about half way through their day.
US pre-market futures are down at about -0.4% today at 8:00 AM EST. Of course yesterday it was down -0.2% at the start and up 1.2% at the end. American morning futures are not too reliable.
Tuesday, January 19, 2010
Jim Cramer predicts a Wall Street rally tomorrow if Martha Coakley is defeated today.
On Friday, Jim Cramer said the Obama administration was taking America to the left of Communist China more towards the old Soviet Union. He said the defeat of Martha Coakley's Senate bid in Massachusetts would help unwind all the damage to the American free enterprise economy that that Obama is inflicting.
But we think that rally will be short lived because the leftists will then strive to destroy the economy from within while they still have a chance. A sharp increase in rates would send the market down until the House of Congress is replaced… the Republicans who are secretly Democrats as well as Democrats who are secretly National Socialists or the Worker's Family Party communists.
World Outlook
The central banks of China and Taiwan tightened policy again today to drain money from the banking system, intensifying efforts in Asia to head off inflation and cool any asset bubbles. Only a week after raising bank reserve ratio requirements for the first time since June 2008, the People's Bank of China (PBOC) lifted the auction yield on one-year bills in its regular open market operation for a second week in a row, and by more than expected. Asia is becoming more capitalist and hence more successful than the leftist Obama administration.
Under Mao Communism the slogan has been, "No Work then no eat."
Under Obama-Acorn style Communism the slogan is, "No work ethic, no English, no citizenship necessary… cause you get entitlements if you keep us in power!"
Market Week Reports:
Tuesday, Jan. 19:
Housing Market Index
Citicorp report
Wednesday, Jan. 20:
New Housing Starts
Producer Price Index
Thursday, Jan. 21:
Unemployment Claims
Leading Economic Indicators
Friday, Jan. 22:
No reports
Market forces January 19, 2010
Google will withhold their latest Android technology from China in response to Chinese persecution of people who yearn for Reagan type American freedom just as most Americans do.
In the wake of the steepest drop in their tax receipts in half a century, leftist American governors and legislators are wrestling with slashing hiking taxes in order to close an estimated $21.9 billion collective budget gap. Most states have until the end of June to come up with a balanced spending plan -- since unlike the federal government, states can't run deficits. But under socialism, Obama may chose to bail all the free-spending leftist led state governments out.
Asian markets were mixed over night; Shanghai up 0.3%, Hong Kong up 1%, India down -0.9%, and Japan down 0.8%.
European markets are down with the average in a range from -0.8% to -0.9% this morning about half way through their day.
US pre-market futures are flat at about -0.2% today at 8:00 AM EST.
But we think that rally will be short lived because the leftists will then strive to destroy the economy from within while they still have a chance. A sharp increase in rates would send the market down until the House of Congress is replaced… the Republicans who are secretly Democrats as well as Democrats who are secretly National Socialists or the Worker's Family Party communists.
World Outlook
The central banks of China and Taiwan tightened policy again today to drain money from the banking system, intensifying efforts in Asia to head off inflation and cool any asset bubbles. Only a week after raising bank reserve ratio requirements for the first time since June 2008, the People's Bank of China (PBOC) lifted the auction yield on one-year bills in its regular open market operation for a second week in a row, and by more than expected. Asia is becoming more capitalist and hence more successful than the leftist Obama administration.
Under Mao Communism the slogan has been, "No Work then no eat."
Under Obama-Acorn style Communism the slogan is, "No work ethic, no English, no citizenship necessary… cause you get entitlements if you keep us in power!"
Market Week Reports:
Tuesday, Jan. 19:
Housing Market Index
Citicorp report
Wednesday, Jan. 20:
New Housing Starts
Producer Price Index
Thursday, Jan. 21:
Unemployment Claims
Leading Economic Indicators
Friday, Jan. 22:
No reports
Market forces January 19, 2010
Google will withhold their latest Android technology from China in response to Chinese persecution of people who yearn for Reagan type American freedom just as most Americans do.
In the wake of the steepest drop in their tax receipts in half a century, leftist American governors and legislators are wrestling with slashing hiking taxes in order to close an estimated $21.9 billion collective budget gap. Most states have until the end of June to come up with a balanced spending plan -- since unlike the federal government, states can't run deficits. But under socialism, Obama may chose to bail all the free-spending leftist led state governments out.
Asian markets were mixed over night; Shanghai up 0.3%, Hong Kong up 1%, India down -0.9%, and Japan down 0.8%.
European markets are down with the average in a range from -0.8% to -0.9% this morning about half way through their day.
US pre-market futures are flat at about -0.2% today at 8:00 AM EST.
Saturday, January 16, 2010
When leftist witches ran recent witch-hunts in Massachusetts, innocent families were destroyed.
The Wall Street Journal had an editorial Friday January 15 reminding us that the persecuting witch, Martha Coakley is running for Ted Kennedy's Senate seat and wants to continue her leftist reign of terror. The author of the article is Ms. Rabinowitz, a member of the WSJ editorial board and wrote a book about Martha Coakley's witch hunts entitled, No Crueler Tyrannies: Accusations, False Witness and Other Terrors of Our Times.
Last week Martha Coakley said that Catholic doctors should not be allowed to practice if they are unwilling to perform abortions. But the WSJ article focussed on her past when as a prosecutor she led the bizarre if not insane persecution of families that ran day care centers. The Amirault family members served jail time because the prosecuting Massachusetts witch, Martha Coakley pressured children to give false witness and to claim among other things that they were raped with large butcher knives and tied to trees in the front yard of the house where neighbors could see them.
Martha Coakley's demented insanity frightened people for many years until the Massachusetts parole board said the charges were absurd, there was no evidence at all, and released the accused. Persecutor Martha Coakley evidently put all the sick ideas in the minds of the children through her interrogation techniques.
I remember the case… but at the time it never occurred to me that these insane persecutors were leftists seeking to spread their self-loathing ideas to gain political power and mindlessly destroy the principles of America's founding fathers. I remember others also threw suspicion on the fundamentalist Christians and shut down at least one fundamentalist church claiming they did bizarre sexual acts at the altar as part of church services. Anyone who stood up to the persecutor's insane lies were arrested and accused of being part of it. That is how they silenced the accused. All the other church members scattered and fearfully said they had nothing to do with the church.
In any event if Martha Coakley is elected Senator of Massachusetts this coming Tuesday, people all over America will suffer the consequences. Government institutionalized false witness and other terrors are associated with more than just Iran, N. Korea, the former Soviet Union and with the WWII Nationalist Socialists (NAZI). We have our own internationally funded leftist lunatic, Martha Coakley, who wants to be in our Senate and be a ruler of America.
World Outlook
European shares turned negative by midday on Friday, reversing a three-session gaining run, pressured by weakness in banks as investor's sentiment soured after U.S. bank JPMorgan (JPM.N) reported earnings.
Market Week News:
So far this week: A survey by Bloomberg shows investors are the most bearish on Treasuries in more than two years as the reliance on government debt and taxes to revive economic growth weighs on sovereign issues.
Confidence among small businesses declined in December to the lowest level in five months as the outlook for sales remained dim, according to the National Federation of Independent Business optimism index. It declined to 88 in December from 88.3 in November.
The trade deficit in the U.S. widened in November more than anticipated as the gap expanded 9.7 percent to $36.4 billion, the highest level since January 2009, from a revised $33.2 billion in October, Commerce Department data showed today in Washington. Imports increased 2.6 percent, reflecting a jump in oil prices, while exports rose to the highest level in a year.
FED's Beige book outlook. The Federal Reserve's latest economic snapshot suggests conditions are better, but still soft. Commercial vacancy rates were increasing and rents declining in most districts. Several districts reported “landlords were focused on tenant retention and that slack demand was allowing tenants to negotiate lease extensions at low rents and with favorable allowances.”
December Retail Sales unexpectedly fell 0.3% in highlighting that the largest part of the economy will be slow to recover.
The Labor Department said workers filing initial unemployment claims rose by 11,000 the previous week to 444,000. Economists had been expecting a modest increase of 3,000.
Despite the higher-than-expected increase in new claims, the number of people continuing to file for unemployment benefits fell to 4.6 million from 4.8 million the previous week. That means about 190,000 workers are no longer listed as unemployed and cannot continue to get benefits.
The University of Michigan's preliminary consumer sentiment report for January. The index rose to 72.8 but economists had forecasted 73.9. On the heels of a worse-than-expected retail sales report, the latest consumer data weighed on consumer discretionary stocks.
Also on the economic front, the Labor Department said consumer prices rose just 0.1% in December, matching estimates and suggesting the slowly recovering economy has kept inflation at bay. Excluding food and energy prices, core inflation also rose 0.1%.
The New York Fed’s manufacturing index kicked off the New Year on a bullish note, rising to 15.9.
The commodity markets fell modestly as the U.S. dollar rose against the euro. Crude, which had its four-week winning streak snapped, fell $1.39 a barrel, or 1.75%, to $78 a barrel -- its lowest close since Dec. 23.
Market forces January 16, 2010
U.S. stocks on Friday finished sharply lower on 22% higher volume after J.P. Morgan Chase & Co. reported a loss at its retail bank, triggering a sell-off in the financial sector. Fixed-income trading revenue in the fourth quarter declined from the previous three months and the firm said it was “cautious” about the outlook for consumer loan defaults. The Dow Jones Industrial Average fell 100.9 points, or 0.9%, to 10,609.65. The S&P 500 Index shed 12.43 points, or 1.1%, down 0.8% for the week. The NASDAQ Composite Index declined 28.75 points, off 1.3% for the week.
Volume on previous market advances has been very low. Trim Tabs said it must be the Obama administration supporting the stock market because no one else is.
Last week Martha Coakley said that Catholic doctors should not be allowed to practice if they are unwilling to perform abortions. But the WSJ article focussed on her past when as a prosecutor she led the bizarre if not insane persecution of families that ran day care centers. The Amirault family members served jail time because the prosecuting Massachusetts witch, Martha Coakley pressured children to give false witness and to claim among other things that they were raped with large butcher knives and tied to trees in the front yard of the house where neighbors could see them.
Martha Coakley's demented insanity frightened people for many years until the Massachusetts parole board said the charges were absurd, there was no evidence at all, and released the accused. Persecutor Martha Coakley evidently put all the sick ideas in the minds of the children through her interrogation techniques.
I remember the case… but at the time it never occurred to me that these insane persecutors were leftists seeking to spread their self-loathing ideas to gain political power and mindlessly destroy the principles of America's founding fathers. I remember others also threw suspicion on the fundamentalist Christians and shut down at least one fundamentalist church claiming they did bizarre sexual acts at the altar as part of church services. Anyone who stood up to the persecutor's insane lies were arrested and accused of being part of it. That is how they silenced the accused. All the other church members scattered and fearfully said they had nothing to do with the church.
In any event if Martha Coakley is elected Senator of Massachusetts this coming Tuesday, people all over America will suffer the consequences. Government institutionalized false witness and other terrors are associated with more than just Iran, N. Korea, the former Soviet Union and with the WWII Nationalist Socialists (NAZI). We have our own internationally funded leftist lunatic, Martha Coakley, who wants to be in our Senate and be a ruler of America.
World Outlook
European shares turned negative by midday on Friday, reversing a three-session gaining run, pressured by weakness in banks as investor's sentiment soured after U.S. bank JPMorgan (JPM.N) reported earnings.
Market Week News:
So far this week: A survey by Bloomberg shows investors are the most bearish on Treasuries in more than two years as the reliance on government debt and taxes to revive economic growth weighs on sovereign issues.
Confidence among small businesses declined in December to the lowest level in five months as the outlook for sales remained dim, according to the National Federation of Independent Business optimism index. It declined to 88 in December from 88.3 in November.
The trade deficit in the U.S. widened in November more than anticipated as the gap expanded 9.7 percent to $36.4 billion, the highest level since January 2009, from a revised $33.2 billion in October, Commerce Department data showed today in Washington. Imports increased 2.6 percent, reflecting a jump in oil prices, while exports rose to the highest level in a year.
FED's Beige book outlook. The Federal Reserve's latest economic snapshot suggests conditions are better, but still soft. Commercial vacancy rates were increasing and rents declining in most districts. Several districts reported “landlords were focused on tenant retention and that slack demand was allowing tenants to negotiate lease extensions at low rents and with favorable allowances.”
December Retail Sales unexpectedly fell 0.3% in highlighting that the largest part of the economy will be slow to recover.
The Labor Department said workers filing initial unemployment claims rose by 11,000 the previous week to 444,000. Economists had been expecting a modest increase of 3,000.
Despite the higher-than-expected increase in new claims, the number of people continuing to file for unemployment benefits fell to 4.6 million from 4.8 million the previous week. That means about 190,000 workers are no longer listed as unemployed and cannot continue to get benefits.
The University of Michigan's preliminary consumer sentiment report for January. The index rose to 72.8 but economists had forecasted 73.9. On the heels of a worse-than-expected retail sales report, the latest consumer data weighed on consumer discretionary stocks.
Also on the economic front, the Labor Department said consumer prices rose just 0.1% in December, matching estimates and suggesting the slowly recovering economy has kept inflation at bay. Excluding food and energy prices, core inflation also rose 0.1%.
The New York Fed’s manufacturing index kicked off the New Year on a bullish note, rising to 15.9.
The commodity markets fell modestly as the U.S. dollar rose against the euro. Crude, which had its four-week winning streak snapped, fell $1.39 a barrel, or 1.75%, to $78 a barrel -- its lowest close since Dec. 23.
Market forces January 16, 2010
U.S. stocks on Friday finished sharply lower on 22% higher volume after J.P. Morgan Chase & Co. reported a loss at its retail bank, triggering a sell-off in the financial sector. Fixed-income trading revenue in the fourth quarter declined from the previous three months and the firm said it was “cautious” about the outlook for consumer loan defaults. The Dow Jones Industrial Average fell 100.9 points, or 0.9%, to 10,609.65. The S&P 500 Index shed 12.43 points, or 1.1%, down 0.8% for the week. The NASDAQ Composite Index declined 28.75 points, off 1.3% for the week.
Volume on previous market advances has been very low. Trim Tabs said it must be the Obama administration supporting the stock market because no one else is.
Friday, January 15, 2010
Executive bonuses rise 18% to a new record under Obama administration
President Obama plans to called for taxing about 50 banks
and major financial institutions for at least the next decade to recoup all
taxpayer losses from the bailout of Wall Street. The Wall Street Journal reported that
executive bonuses however will rise 18% to a new record under Obama
administration.
World Outlook
European shares turned negative by midday on Friday, reversing a three-session gaining run, pressured by weakness in banks as investor's sentiment soured after U.S. bank JPMorgan (JPM.N) reported earnings.
Market Week News:
So far this week: A survey by Bloomberg shows investors are the most bearish on Treasuries in more than two years as the reliance on government debt and taxes to revive economic growth weighs on sovereign issues.
Confidence among small businesses declined in December to the lowest level in five months as the outlook for sales remained dim, according to the National Federation of Independent Business optimism index. It declined to 88 in December from 88.3 in November.
The trade deficit in the U.S. widened in November more than anticipated as the gap expanded 9.7 percent to $36.4 billion, the highest level since January 2009, from a revised $33.2 billion in October, Commerce Department data showed today in Washington. Imports increased 2.6 percent, reflecting a jump in oil prices, while exports rose to the highest level in a year.
FED's Beige book outlook. The Federal Reserve's latest economic snapshot suggests conditions are better, but still soft. Commercial vacancy rates were increasing and rents declining in most districts. Several districts reported “landlords were focused on tenant retention and that slack demand was allowing tenants to negotiate lease extensions at low rents and with favorable allowances.”
Yesterday:
December Retail Sales unexpectedly fell 0.3% in highlighting that the largest part of the economy will be slow to recover.
The Labor Department said workers filing initial unemployment claims rose by 11,000 last week to 444,000. Economists had been expecting a modest increase of 3,000.
Despite the higher-than-expected increase in new claims, the number of people continuing to file for unemployment benefits fell to 4.6 million from 4.8 million the previous week. That means about 190,000 workers are no longer listed as unemployed and cannot continue to get benefits.
Friday, Jan. 15:
Consumer Price Index
NY Manufacturing Index
Industrial Production
Consumer Sentiment
Market forces January 15, 2010
Intel reported increased profits from sales to China resulting in yesterday's rally.
Volume on market advances has been very low. Trim Tabs said it must be the Obama administration supporting the stock market because no one else is.
Asian markets were flat over night; Shanghai up 0.3%, Hong Kong down -0.3%, India down -0.3%, and Japan up 0.7%.
European markets are down with the average in a range from -0.1% to -0.8% this morning about half way through their day.
US pre-market futures are lower at about -0.3% today at 9:00 AM EST.
Thursday, January 14, 2010
China is on attack stealing information potentially capable of bringing down any system they penetrate.
Percentages of recent past president's cabinets who had worked in the private enterprise sector prior to their appointment to the cabinet.
T. Roosevelt........ 38%
Taft...................... 40%
Wilson ................. 52%
Harding................ 49%
Coolidge.............. 48%
Hoover................ 42%
F. Roosevelt....... 50%
Truman............... 50%
Eisenhower......... 57%
Kennedy............. 30%
Johnson.............. 47%
Nixon.................. 53%
Ford.................... 42%
Carter................. 32%
Reagan............... 56%
G.H. Bush........... 51%
Clinton ............... 39%
G.W. Bush.......... 55%
Obama................ 8% !!!
Obama has chosen only eight percent of his cabinet with any free enterprise experience and Obama himself admits his experience is in community activism, as is the experience of most leftist radicals. A sign of a great president is one who surrounds himself with the best available experienced people. The common trait of socialists is that aside from their ignorance, they still think they know best how to run everyone's lives. Their ignorance and conceit is why they want to gang up and run everyone's lives and force their way with laws and penalties. They are virtual dictatorships at best and murderous gangs at worst.
Under socialist the majority wants a free lunch so they gang up and vote to tax the productive minority. The socialist gang government first tries to suppress dissents by excluding any dissident criticism reporting in the news. Then the dissidents are quietly excluded from jobs and end up as burdens on their families.
But it gradually gets much worse. This week in Iran a dissident nuclear physicist was killed with a bomb at his office. Death is the "final solution" for all whom oppose the gangs of national socialism. Socialism is nothing but gang sanctioned theft of wealth and intellectual property under the guise of democracy. It is rule by the gangs.
World Outlook
Today after Google announced yesterday that it would quit China unless the nation's censors eased their grip, the Chinese government offered an indirect but unambiguous response, "Companies that do business in China must follow the laws."
What law in China gives it the right to hack into private corporate computers of other nations to pirate technology and develop the technology to shut down power grids and the air space of the free world? Those things are possible when a totalitarian socialist gang thinks it has the right not just to steal from their own people but to steal the wealth and intellectual property of free peoples in other countries. That is what China's hacking is all about and why we imprison our own hackers before they have the power to bring corporations and banks to their knees. Hackers can do as much damage to an enterprise as a bomb. In China the government has institutionalized hacking to steal from and to repress enemies. Anyone who opposes socialist gang stealing and repression is an enemy of the state and a potential target even if it is you living in America. American power grids and air space control are presently capable of penetration. Once an enemy has our software it is possible for an enemy to figure out how to change it so that commercial aircraft fly into one another and power grids short out and self-destruct when instructed to do so. And the enemy does not have to reveal that they have this information until they make a surprise attack. Whenever we detect a hack attack it is potentially an enemy probing our defenses for an entry point. When we cannot detect such hacking it is already too late.
Market Week News:
So far this week: A survey by Bloomberg shows investors are the most bearish on Treasuries in more than two years as the reliance on government debt and taxes to revive economic growth weighs on sovereign issues.
Confidence among small businesses declined in December to the lowest level in five months as the outlook for sales remained dim, according to the National Federation of Independent Business optimism index. It declined to 88 in December from 88.3 in November.
The trade deficit in the U.S. widened in November more than anticipated as the gap expanded 9.7 percent to $36.4 billion, the highest level since January 2009, from a revised $33.2 billion in October, Commerce Department data showed today in Washington. Imports increased 2.6 percent, reflecting a jump in oil prices, while exports rose to the highest level in a year.
Yesterday:
FED's Beige book outlook. The Federal Reserve's latest economic snapshot suggests conditions are better, but still soft. Commercial vacancy rates were increasing and rents declining in most districts. Several districts reported “landlords were focused on tenant retention and that slack demand was allowing tenants to negotiate lease extensions at low rents and with favorable allowances.”
Thursday, Jan. 14:
Continuing claims
Unemployment initial claims
December Retail Sales
Friday, Jan. 15:
Consumer Price Index
NY Manufacturing Index
Industrial Production
Consumer Sentiment
Market forces January 14, 2010
President Obama plans to call today for taxing about 50 banks and major financial institutions for at least the next decade to recoup all taxpayer losses from the bailout of Wall Street. The tax on banks, insurance companies and brokerages with more than $50 billion in assets would start after June 30 and seek to collect $90 billion over 10 years, according to a senior administration. But the levy but would remain in force longer if all losses to the bailout fund, the Troubled Asset Relief Program, are not recovered after a decade. Administration officials estimate that the losses from the $700 billion loan program created in October 2008 are likely to be about $117 billion.
Asian markets were up over night; Shanghai up 1.4%, Hong Kong down -0.2%, India up 0.4%, and Japan up 1.6%.
European markets are flat with the average in a range from -0.1% to +0.1% this morning about half way through their day.
US pre-market futures are slightly lower at about -0.2% today at 9:00 AM EST.
T. Roosevelt........ 38%
Taft...................... 40%
Wilson ................. 52%
Harding................ 49%
Coolidge.............. 48%
Hoover................ 42%
F. Roosevelt....... 50%
Truman............... 50%
Eisenhower......... 57%
Kennedy............. 30%
Johnson.............. 47%
Nixon.................. 53%
Ford.................... 42%
Carter................. 32%
Reagan............... 56%
G.H. Bush........... 51%
Clinton ............... 39%
G.W. Bush.......... 55%
Obama................ 8% !!!
Obama has chosen only eight percent of his cabinet with any free enterprise experience and Obama himself admits his experience is in community activism, as is the experience of most leftist radicals. A sign of a great president is one who surrounds himself with the best available experienced people. The common trait of socialists is that aside from their ignorance, they still think they know best how to run everyone's lives. Their ignorance and conceit is why they want to gang up and run everyone's lives and force their way with laws and penalties. They are virtual dictatorships at best and murderous gangs at worst.
Under socialist the majority wants a free lunch so they gang up and vote to tax the productive minority. The socialist gang government first tries to suppress dissents by excluding any dissident criticism reporting in the news. Then the dissidents are quietly excluded from jobs and end up as burdens on their families.
But it gradually gets much worse. This week in Iran a dissident nuclear physicist was killed with a bomb at his office. Death is the "final solution" for all whom oppose the gangs of national socialism. Socialism is nothing but gang sanctioned theft of wealth and intellectual property under the guise of democracy. It is rule by the gangs.
World Outlook
Today after Google announced yesterday that it would quit China unless the nation's censors eased their grip, the Chinese government offered an indirect but unambiguous response, "Companies that do business in China must follow the laws."
What law in China gives it the right to hack into private corporate computers of other nations to pirate technology and develop the technology to shut down power grids and the air space of the free world? Those things are possible when a totalitarian socialist gang thinks it has the right not just to steal from their own people but to steal the wealth and intellectual property of free peoples in other countries. That is what China's hacking is all about and why we imprison our own hackers before they have the power to bring corporations and banks to their knees. Hackers can do as much damage to an enterprise as a bomb. In China the government has institutionalized hacking to steal from and to repress enemies. Anyone who opposes socialist gang stealing and repression is an enemy of the state and a potential target even if it is you living in America. American power grids and air space control are presently capable of penetration. Once an enemy has our software it is possible for an enemy to figure out how to change it so that commercial aircraft fly into one another and power grids short out and self-destruct when instructed to do so. And the enemy does not have to reveal that they have this information until they make a surprise attack. Whenever we detect a hack attack it is potentially an enemy probing our defenses for an entry point. When we cannot detect such hacking it is already too late.
Market Week News:
So far this week: A survey by Bloomberg shows investors are the most bearish on Treasuries in more than two years as the reliance on government debt and taxes to revive economic growth weighs on sovereign issues.
Confidence among small businesses declined in December to the lowest level in five months as the outlook for sales remained dim, according to the National Federation of Independent Business optimism index. It declined to 88 in December from 88.3 in November.
The trade deficit in the U.S. widened in November more than anticipated as the gap expanded 9.7 percent to $36.4 billion, the highest level since January 2009, from a revised $33.2 billion in October, Commerce Department data showed today in Washington. Imports increased 2.6 percent, reflecting a jump in oil prices, while exports rose to the highest level in a year.
Yesterday:
FED's Beige book outlook. The Federal Reserve's latest economic snapshot suggests conditions are better, but still soft. Commercial vacancy rates were increasing and rents declining in most districts. Several districts reported “landlords were focused on tenant retention and that slack demand was allowing tenants to negotiate lease extensions at low rents and with favorable allowances.”
Thursday, Jan. 14:
Continuing claims
Unemployment initial claims
December Retail Sales
Friday, Jan. 15:
Consumer Price Index
NY Manufacturing Index
Industrial Production
Consumer Sentiment
Market forces January 14, 2010
President Obama plans to call today for taxing about 50 banks and major financial institutions for at least the next decade to recoup all taxpayer losses from the bailout of Wall Street. The tax on banks, insurance companies and brokerages with more than $50 billion in assets would start after June 30 and seek to collect $90 billion over 10 years, according to a senior administration. But the levy but would remain in force longer if all losses to the bailout fund, the Troubled Asset Relief Program, are not recovered after a decade. Administration officials estimate that the losses from the $700 billion loan program created in October 2008 are likely to be about $117 billion.
Asian markets were up over night; Shanghai up 1.4%, Hong Kong down -0.2%, India up 0.4%, and Japan up 1.6%.
European markets are flat with the average in a range from -0.1% to +0.1% this morning about half way through their day.
US pre-market futures are slightly lower at about -0.2% today at 9:00 AM EST.
Wednesday, January 13, 2010
China apparently shows disdain for the rights of citizens of the world and behaves like a common criminal.
Google considering shutting its Chinese Web site and offices after discovering a “highly sophisticated” attack last month aimed at gaining access to e-mail accounts of human-rights activists and at least 34 corporations.
The Fed to be subpoenaed by House's Towns in probe of AIG `Backdoor Bailout' and compelled to hand over documents related to American International Group Inc.’s government bailout after the chairman of a House oversight committee said he will issue a subpoena.
15 FHA mortgage lenders with high default rates subpoenaed by U.S. Housing and Urban Development Department to seek out possible fraud in an effort to stem losses on loans insured by the Federal Housing Administration.
World Outlook
Brazil's overvalued stocks began price implosion as the second leg of the recession takes hold as the stimulus package runs dry.
Growth in Germany, Europe’s economic powerhouse, slowed in the fourth quarter of 2009 as exports plummeted and businesses invested less, according to government figures released Wednesday. The numbers showed that Germany is still struggling to emerge from its worst recession since World War II. Output plunged 5 percent in 2009, the Federal Statistical Office said, fueled by a 14.7 percent drop in exports.
Market Week News:
A survey by Bloomberg shows investors are the most bearish on Treasuries in more than two years as the reliance on government debt and taxes to revive economic growth weighs on sovereign issues.
Confidence among small businesses declined in December to the lowest level in five months as the outlook for sales remained dim, according to the National Federation of Independent Business optimism index. It declined to 88 in December from 88.3 in November.
Yesterday Jan. 12:
The trade deficit in the U.S. widened in November more than anticipated as the gap expanded 9.7 percent to $36.4 billion, the highest level since January 2009, from a revised $33.2 billion in October, Commerce Department data showed today in Washington. Imports increased 2.6 percent, reflecting a jump in oil prices, while exports rose to the highest level in a year.
Wednesday, Jan. 13:
FED's Beige book outlook
Thursday, Jan. 14:
Continuing claims
Unemployment initial claims
December Retail Sales
Friday, Jan. 15:
Consumer Price Index
NY Manufacturing Index
Industrial Production
Consumer Sentiment
Market forces January 13, 2010
Shares of health insurance company Aetna (AET) slid more than 5% on yesterday after the company warned that 2010 earnings would be lower than 2009. In the filing just before an investor conference, Aetna said that 2010 full-year earnings would be below its forecast of $2.76 a share. Analysts, on average, had been looking for Aetna to earn $3.09 a share. Aetna said the reason for the earnings decrease is because companies will be cutting back on plan benefits and Medicare-plan reimbursements are expected to be lower, hitting company margins. Alcoa also plummeted on news of poor earnings. The selling extended sharply into the financial and technology sectors.
The US market slid yesterday and joined the Asian markets that have declined since August.
Asian markets were down sharply over night; Shanghai down -3.1%, Hong Kong down -2.6%, India up 0.5%, Seoul down -1.6%, Taiwan down -1.3%, and Japan down -1.4%.
European markets are flat with the average in a range from -0.2% to +0.4% this morning about half way through their day.
US pre-market futures flat at about 0.1% today at 8:00 AM EST.
The Fed to be subpoenaed by House's Towns in probe of AIG `Backdoor Bailout' and compelled to hand over documents related to American International Group Inc.’s government bailout after the chairman of a House oversight committee said he will issue a subpoena.
15 FHA mortgage lenders with high default rates subpoenaed by U.S. Housing and Urban Development Department to seek out possible fraud in an effort to stem losses on loans insured by the Federal Housing Administration.
World Outlook
Brazil's overvalued stocks began price implosion as the second leg of the recession takes hold as the stimulus package runs dry.
Growth in Germany, Europe’s economic powerhouse, slowed in the fourth quarter of 2009 as exports plummeted and businesses invested less, according to government figures released Wednesday. The numbers showed that Germany is still struggling to emerge from its worst recession since World War II. Output plunged 5 percent in 2009, the Federal Statistical Office said, fueled by a 14.7 percent drop in exports.
Market Week News:
A survey by Bloomberg shows investors are the most bearish on Treasuries in more than two years as the reliance on government debt and taxes to revive economic growth weighs on sovereign issues.
Confidence among small businesses declined in December to the lowest level in five months as the outlook for sales remained dim, according to the National Federation of Independent Business optimism index. It declined to 88 in December from 88.3 in November.
Yesterday Jan. 12:
The trade deficit in the U.S. widened in November more than anticipated as the gap expanded 9.7 percent to $36.4 billion, the highest level since January 2009, from a revised $33.2 billion in October, Commerce Department data showed today in Washington. Imports increased 2.6 percent, reflecting a jump in oil prices, while exports rose to the highest level in a year.
Wednesday, Jan. 13:
FED's Beige book outlook
Thursday, Jan. 14:
Continuing claims
Unemployment initial claims
December Retail Sales
Friday, Jan. 15:
Consumer Price Index
NY Manufacturing Index
Industrial Production
Consumer Sentiment
Market forces January 13, 2010
Shares of health insurance company Aetna (AET) slid more than 5% on yesterday after the company warned that 2010 earnings would be lower than 2009. In the filing just before an investor conference, Aetna said that 2010 full-year earnings would be below its forecast of $2.76 a share. Analysts, on average, had been looking for Aetna to earn $3.09 a share. Aetna said the reason for the earnings decrease is because companies will be cutting back on plan benefits and Medicare-plan reimbursements are expected to be lower, hitting company margins. Alcoa also plummeted on news of poor earnings. The selling extended sharply into the financial and technology sectors.
The US market slid yesterday and joined the Asian markets that have declined since August.
Asian markets were down sharply over night; Shanghai down -3.1%, Hong Kong down -2.6%, India up 0.5%, Seoul down -1.6%, Taiwan down -1.3%, and Japan down -1.4%.
European markets are flat with the average in a range from -0.2% to +0.4% this morning about half way through their day.
US pre-market futures flat at about 0.1% today at 8:00 AM EST.
Tuesday, January 12, 2010
Ignorant and piggish bank derivative investment executives deserve being fired not rewarded.
The Federal Reserve asked a U.S. appeals court to block a ruling that for the first time would force the central bank to reveal secret identities and the special favors to financial firms that might have collapsed without the largest government bailout in U.S. history. Likewise they do not want Americans to know how the administration blackballed BOA with regard to their resistance to the FED forced Merrill merger.
Bernacki's approval is now on hold by four Senators, and Geithner is seen as an arrogant dishonest fool on capital hill. But unemployment continues to rise as the favored administration banking criminals take bonuses instead of jail sentences for selling worthless derivatives to trusting investors. Ignorance of what they were selling is no excuse and certainly nothing to be rewarded with a bonus.
Alcoa Inc., the largest U.S. aluminum producer, reported fourth-quarter loss that topped analysts’ estimates by a factor of six. The net loss of $277 million, or 28 cents a share however narrowed from the loss of $1.19 billion, or $1.49, a year earlier before major layoffs. Sales fell another 4.5 percent in 2009 to $5.43 billion. Higher energy prices and the dollar's decline hurt profits. John Stephenson, who helps manage at First Asset Investment Management said, “This quarter was disappointing, especially with the energy costs, and having to buy primary aluminum on the open market,” The miss on earnings was “significant,” he said.
Electronic Arts Inc., the world’s second-largest video-game publisher, reported preliminary third- quarter earnings and revenue that fell short of analysts’ estimates after poor holiday sales.
World Outlook
China's exports increased for the first time in over a year. European share indices shed 1.2 percent by their midday as commodity issues and banks dropped sharply on news China has raised its banks' reserve requirements, in a tighter monetary policy. Mines led the blue chip retreat as metal prices fell further following the move by China, with the sector already under pressure after disappointing fourth-quarter results overnight from U.S. Alcoa
Market Week News:
Treasury bill auctions show rising rates. Yield on the benchmark 91-day paper, the rate used as reference by banks for their short-term loans, rose to 3.914 percent from 3.887 percent in the December auction. The 182-day bill rose to 4.129 percent from 4.095 percent and the 364-day paper increased to 4.582 percent from 4.562 percent. Excess liquidity in the financial system capped the rise despite forecast of increasing inflation and a wider budget deficit. Total tenders for the 8.5 billion offering, which was awarded in full, reached 23.39 billion.
Confidence among small businesses declined in December to the lowest level in five months as the outlook for sales remained dim, according to the National Federation of Independent Business optimism index. It declined to 88 in December from 88.3 in November.
Tuesday, Jan. 12:
U.S. Trade deficit
Wednesday, Jan. 13:
FED's Beige book outlook
Thursday, Jan. 14:
Continuing claims
Unemployment initial claims
December Retail Sales
Friday, Jan. 15:
Consumer Price Index
NY Manufacturing Index
Industrial Production
Consumer Sentiment
Market forces January 12, 2010
The US market continues relatively flat for six weeks while Asian markets have declined since August.
Trim Tabs Research, a firm that keeps track of liquidity flows into and out of the market implies the government has been investing in American stocks and artificially caused the recent rally to create the illusion of a recovery. Biderman said, “We cannot identify the source of new money that pushed stock prices up so far so fast." He says the money didn’t come from companies, retail investors, foreign investors, hedge funds, or pension funds. It is similar to when Alan Greenspan flooded the market in 1986 to stop the October stock panic. The more government props up unhealthy institutions with clearly ignorant and piggish bank derivative investment executives the greater the moral hazard grows.
Asian markets were mixed over night; Shanghai up 1.9%, Hong Kong down -0.4%, India down -0.6%, and Japan up 0.8%.
European markets are down sharply with the average in a range from -1% to -1.5% this morning about half way through their day.
US pre-market futures down about 0.6% today at 8:00 AM EST.
Bernacki's approval is now on hold by four Senators, and Geithner is seen as an arrogant dishonest fool on capital hill. But unemployment continues to rise as the favored administration banking criminals take bonuses instead of jail sentences for selling worthless derivatives to trusting investors. Ignorance of what they were selling is no excuse and certainly nothing to be rewarded with a bonus.
Alcoa Inc., the largest U.S. aluminum producer, reported fourth-quarter loss that topped analysts’ estimates by a factor of six. The net loss of $277 million, or 28 cents a share however narrowed from the loss of $1.19 billion, or $1.49, a year earlier before major layoffs. Sales fell another 4.5 percent in 2009 to $5.43 billion. Higher energy prices and the dollar's decline hurt profits. John Stephenson, who helps manage at First Asset Investment Management said, “This quarter was disappointing, especially with the energy costs, and having to buy primary aluminum on the open market,” The miss on earnings was “significant,” he said.
Electronic Arts Inc., the world’s second-largest video-game publisher, reported preliminary third- quarter earnings and revenue that fell short of analysts’ estimates after poor holiday sales.
World Outlook
China's exports increased for the first time in over a year. European share indices shed 1.2 percent by their midday as commodity issues and banks dropped sharply on news China has raised its banks' reserve requirements, in a tighter monetary policy. Mines led the blue chip retreat as metal prices fell further following the move by China, with the sector already under pressure after disappointing fourth-quarter results overnight from U.S. Alcoa
Market Week News:
Treasury bill auctions show rising rates. Yield on the benchmark 91-day paper, the rate used as reference by banks for their short-term loans, rose to 3.914 percent from 3.887 percent in the December auction. The 182-day bill rose to 4.129 percent from 4.095 percent and the 364-day paper increased to 4.582 percent from 4.562 percent. Excess liquidity in the financial system capped the rise despite forecast of increasing inflation and a wider budget deficit. Total tenders for the 8.5 billion offering, which was awarded in full, reached 23.39 billion.
Confidence among small businesses declined in December to the lowest level in five months as the outlook for sales remained dim, according to the National Federation of Independent Business optimism index. It declined to 88 in December from 88.3 in November.
Tuesday, Jan. 12:
U.S. Trade deficit
Wednesday, Jan. 13:
FED's Beige book outlook
Thursday, Jan. 14:
Continuing claims
Unemployment initial claims
December Retail Sales
Friday, Jan. 15:
Consumer Price Index
NY Manufacturing Index
Industrial Production
Consumer Sentiment
Market forces January 12, 2010
The US market continues relatively flat for six weeks while Asian markets have declined since August.
Trim Tabs Research, a firm that keeps track of liquidity flows into and out of the market implies the government has been investing in American stocks and artificially caused the recent rally to create the illusion of a recovery. Biderman said, “We cannot identify the source of new money that pushed stock prices up so far so fast." He says the money didn’t come from companies, retail investors, foreign investors, hedge funds, or pension funds. It is similar to when Alan Greenspan flooded the market in 1986 to stop the October stock panic. The more government props up unhealthy institutions with clearly ignorant and piggish bank derivative investment executives the greater the moral hazard grows.
Asian markets were mixed over night; Shanghai up 1.9%, Hong Kong down -0.4%, India down -0.6%, and Japan up 0.8%.
European markets are down sharply with the average in a range from -1% to -1.5% this morning about half way through their day.
US pre-market futures down about 0.6% today at 8:00 AM EST.
Monday, January 11, 2010
Socialist gravy train infusion is coming to an end.
Treasury bonds, not the US dollar, were the biggest losers of the year. The greenback was off a modest 4% on the year while Barclays 20+ Year Treasury Bond Index lost 21.4%. But the end of the liquidity gravy train will likely be the main driver in coming weeks, with the fear of swelling supply for sale as the second. And with sentiment polls showing bullishness at levels similar to those late 2007 it is a high perch from which to fall. The change in market tone from joy to fear can easily flip-flop stocks and Treasury bonds, again.
All commodities as measured by the Reuters-CRB index of 17 commodities futures prices were up over 30% in 2009. This index is the original formulation of the CRB index and has a heavier agricultural commodity component. Having it up by as much as it was tells us that it was more that just the two big guns—gold and oil—that rallied.
The Obama leftists are not going to be happy when they find out they are propping up Wall Street. Wall Street is toasting leftist economic incompetence with new bonuses for the Obama secret windfall stock profits that Trim Tab thinks identified as likely from the government.
World Outlook
China's exports increased for the first time in over a year.
Market Week News:
Monday, Jan. 11
Treasury bill auctions
Tuesday, Jan. 12:
U.S. Trade deficit
Wednesday, Jan. 13:
FED's Beige book outlook
Thursday, Jan. 14:
Unemployment Claims
December Retail Sales
Friday, Jan. 15:
Consumer Price Index
NY Manufacturing Index
Industrial Production
Consumer Sentiment
Market forces January 11, 2010
The US market has been relatively flat for six weeks while Asian markets have declined since August. Charles Biderman, founder of Trim Tabs Research, a firm that keeps track of liquidity flows into and out of the market implies the government has been investing in American stocks and artificially caused the recent rally to create the illusion of a recovery. Biderman said, “We cannot identify the source of new money that pushed stock prices up so far so fast." He says the money didn’t come from companies, retail investors, foreign investors, hedge funds, or pension funds.
Asian markets were up over night; Hong Kong up 0.5%, India down -0.1%, South Korea down -0.1%, Taiwan up 0.5%, and Japan up 1.1%.
European markets are up with the average in a range from 0.5% to 0.6% this morning about half way through their day.
US pre-market futures up about 0.25% today at 8:30 AM EST.
All commodities as measured by the Reuters-CRB index of 17 commodities futures prices were up over 30% in 2009. This index is the original formulation of the CRB index and has a heavier agricultural commodity component. Having it up by as much as it was tells us that it was more that just the two big guns—gold and oil—that rallied.
The Obama leftists are not going to be happy when they find out they are propping up Wall Street. Wall Street is toasting leftist economic incompetence with new bonuses for the Obama secret windfall stock profits that Trim Tab thinks identified as likely from the government.
World Outlook
China's exports increased for the first time in over a year.
Market Week News:
Monday, Jan. 11
Treasury bill auctions
Tuesday, Jan. 12:
U.S. Trade deficit
Wednesday, Jan. 13:
FED's Beige book outlook
Thursday, Jan. 14:
Unemployment Claims
December Retail Sales
Friday, Jan. 15:
Consumer Price Index
NY Manufacturing Index
Industrial Production
Consumer Sentiment
Market forces January 11, 2010
The US market has been relatively flat for six weeks while Asian markets have declined since August. Charles Biderman, founder of Trim Tabs Research, a firm that keeps track of liquidity flows into and out of the market implies the government has been investing in American stocks and artificially caused the recent rally to create the illusion of a recovery. Biderman said, “We cannot identify the source of new money that pushed stock prices up so far so fast." He says the money didn’t come from companies, retail investors, foreign investors, hedge funds, or pension funds.
Asian markets were up over night; Hong Kong up 0.5%, India down -0.1%, South Korea down -0.1%, Taiwan up 0.5%, and Japan up 1.1%.
European markets are up with the average in a range from 0.5% to 0.6% this morning about half way through their day.
US pre-market futures up about 0.25% today at 8:30 AM EST.
Friday, January 8, 2010
Obama Government supporting miracle stock market rally with taxpayer money?
It is becoming clear that the FED is not disclosing to the Congress much of the government's manipulation of the economy. Democrat Cummings says treasury secretary Timothy Geithner should testify before Congress about efforts by the Federal Reserve Bank of New York to limit American International Group Inc.’s disclosures of payments to banks. That is correct… that the FED has been doing secret payments that could explain the markets.
All the money seems have been leaving the US stock market and going into the bond and foreign markets. So where has the money come from to sustain the 50% rally in US stocks? Did the FED buy into the US stock market?
Facts:
1.OUTFLOWS from U.S. stock funds occurred all 0f 2009
2.RECORD AMOUNT ($311 billion) of new stock offerings (includes IPOs, secondaries, and converts, but particularly a large offering of secondaries in the second half of the year);
3.Announced cash Mergers &Acquisitions, as well as corporate stock buybacks, AT THE LOWEST LEVELS FOR ANY YEAR THIS DECADE.
And
1.U.S. stock funds: $32 billion Outflows
2.U.S. ETFs: $18 billion OUTFLOWS
3.International stock funds: $26 billion INFLOWS
4.International ETFs: $35 billion INFLOWS
5.U.S. bond funds: $370 billion INFLOWS
6.U.S. bond ETFs: $39 billion INFLOWS See:
http://www.forexhound.com/article/Stocks/Stocks/Charles_Biderman_of_TrimTabs_Claims_US_Government_Supporting_Stock_Market/174316
Trim Tab thinks the US government could be buying US index funds to prop up the balance sheets of the banks. Banks with greater than 20:1 leverage can be completely wiped out by a 5% loss. The average US stock lost 50% to 75% by March 2009 before the miracle rally on wall street that occurred while the private sector sold US stocks to but treasuries, Foreign stocks, and corporate bonds.
See Warning: http://www.youtube.com/watch?v=ucZBrQVCzBc
The Obama leftists are not going to be happy if they find out they are propping up Wall Street and Wall Street is toasting leftist economic incompetence with new bonuses for the Obama secret windfall stock profits.
World Outlook
China raised their central bank interest rate to try to stem rampant inflation of domestic prices as China shifts towards more of a consumer society. Asian economies seem to be stagnating. If the malaise continues a sharp market correction is anticipated.
The FED issued a warning yesterday to banks telling them to prepare now for higher interest rates. Higher long-term rates are outside FED control because they depend on the market. And the FED also warned that short-term rates would rise when they begin draining the cash out of the economy. This has an immediate negative effect for the stock market. Banks are going to be reluctant to give housing and other longer-term loans. This will dry up mortgage loans and refinancing very rapidly.
Market Outlook:
Monster Worldwide, an online careers and recruiting firm, said its employment index fell in December to the lowest level in five months. The index was 119 in November and 115 in December and is 12% below the 131 mark a year ago. The Monster figures came a day after the ADP National Employment Report that showed an 84,000 loss of private sector jobs in December.
Since November, commodity prices have risen even while the dollar has appreciated in value indicating that price inflation is beginning to kick in. The difference between two-year and 10-year Treasury yields widened to within 4 basis points, the most in at least 20 years as the Federal Reserve signaled it will hold its target interest rate at a record low. The much higher future rate indicates future inflation risk is higher than perceived future deflation risk. But there is a long way to go before inflation kicks in. For that reason precious metals and commodity prices will bounce upwards and fall back many times before the climax is hit and the FED tightens down rigorously similar to when they popped the bubble in 2000.
The Institute for Supply Management’s factory index rose to 55.9. 50% means as many $orders rose as declined. Anything less than 50% is a contraction in manufacturing. The Christmas season accounts for almost 50% of annual non-commercial sales.
Spending on construction projects dropped 0.6 percent in November, to the lowest level in more than six years, the Commerce Department said today in Washington.
The National Association of Realtors' index for pending sales of previously owned homes - a forecasting gauge of housing-market activity - slid 16% in November. That represents the first decline in the index in 10 month, and more than triple the size of the drop analysts had expected.
Service related employment declined again in December. FOMC minutes of last month debated increasing and extending asset purchases anticipating a weakening economy as stimulus ends and new taxes begin..
Yesterday:
New unemployment claims filed last week increased to 434,000.
Friday, Jan.8:
December unemployment report: The overall jobless rate held at 10 percent. The report was that 85,000 jobs were lost in December, considerably worse than expected. However the number of workers who have been unemployed longer than 6 months rose by 229,000 to 6.13 million.
Market forces January 8, 2010
The NYSE just reached its previous high but did not establish a new high and still can be interpreted as a head and shoulder sell signal if the neck resistance level (of the head and shoulders formation) breaks down. That reflects both the price change and volume of shares being traded. The modified MACD indicator still has a sell signal. The US market has been relatively flat for six weeks.
Charles Biderman, founder of Trim Tabs Research, a firm that keeps track of liquidity flows into and out of the market says the government has been investing in American stocks and artificially caused the recent rally to create the illusion of a recovery. Biderman said, “We cannot identify the source of new money that pushed stock prices up so far so fast." He says the money didn’t come from companies, retail investors, foreign investors, hedge funds, or pension funds. Socialists are known for taking ownership to get the changes they demand. It is likely the US government would buy the market index funds so as not to distort individual stock prices. It means the stock market recovery will be capped until the US government sells what they have bought. By draining money out of the economy the government may be planning to take the 50% profit from the stock market rally beginning very soon. If it were done rapidly the stock market would collapse. So instead we should expect a general long-term cap on the markets.
Asian markets were up over night; Hong Kong up 0.1%, India down -0.4%, South Korea up 0.7%, Taiwan up 0.5%, and Japan up 1.1%.
European markets are mixed with the average in a range from 0.6% to -0.5% this morning about half way through their day.
US pre-market futures down about -0.2% today at 9:00 AM EST.
All the money seems have been leaving the US stock market and going into the bond and foreign markets. So where has the money come from to sustain the 50% rally in US stocks? Did the FED buy into the US stock market?
Facts:
1.OUTFLOWS from U.S. stock funds occurred all 0f 2009
2.RECORD AMOUNT ($311 billion) of new stock offerings (includes IPOs, secondaries, and converts, but particularly a large offering of secondaries in the second half of the year);
3.Announced cash Mergers &Acquisitions, as well as corporate stock buybacks, AT THE LOWEST LEVELS FOR ANY YEAR THIS DECADE.
And
1.U.S. stock funds: $32 billion Outflows
2.U.S. ETFs: $18 billion OUTFLOWS
3.International stock funds: $26 billion INFLOWS
4.International ETFs: $35 billion INFLOWS
5.U.S. bond funds: $370 billion INFLOWS
6.U.S. bond ETFs: $39 billion INFLOWS See:
http://www.forexhound.com/article/Stocks/Stocks/Charles_Biderman_of_TrimTabs_Claims_US_Government_Supporting_Stock_Market/174316
Trim Tab thinks the US government could be buying US index funds to prop up the balance sheets of the banks. Banks with greater than 20:1 leverage can be completely wiped out by a 5% loss. The average US stock lost 50% to 75% by March 2009 before the miracle rally on wall street that occurred while the private sector sold US stocks to but treasuries, Foreign stocks, and corporate bonds.
See Warning: http://www.youtube.com/watch?v=ucZBrQVCzBc
The Obama leftists are not going to be happy if they find out they are propping up Wall Street and Wall Street is toasting leftist economic incompetence with new bonuses for the Obama secret windfall stock profits.
World Outlook
China raised their central bank interest rate to try to stem rampant inflation of domestic prices as China shifts towards more of a consumer society. Asian economies seem to be stagnating. If the malaise continues a sharp market correction is anticipated.
The FED issued a warning yesterday to banks telling them to prepare now for higher interest rates. Higher long-term rates are outside FED control because they depend on the market. And the FED also warned that short-term rates would rise when they begin draining the cash out of the economy. This has an immediate negative effect for the stock market. Banks are going to be reluctant to give housing and other longer-term loans. This will dry up mortgage loans and refinancing very rapidly.
Market Outlook:
Monster Worldwide, an online careers and recruiting firm, said its employment index fell in December to the lowest level in five months. The index was 119 in November and 115 in December and is 12% below the 131 mark a year ago. The Monster figures came a day after the ADP National Employment Report that showed an 84,000 loss of private sector jobs in December.
Since November, commodity prices have risen even while the dollar has appreciated in value indicating that price inflation is beginning to kick in. The difference between two-year and 10-year Treasury yields widened to within 4 basis points, the most in at least 20 years as the Federal Reserve signaled it will hold its target interest rate at a record low. The much higher future rate indicates future inflation risk is higher than perceived future deflation risk. But there is a long way to go before inflation kicks in. For that reason precious metals and commodity prices will bounce upwards and fall back many times before the climax is hit and the FED tightens down rigorously similar to when they popped the bubble in 2000.
The Institute for Supply Management’s factory index rose to 55.9. 50% means as many $orders rose as declined. Anything less than 50% is a contraction in manufacturing. The Christmas season accounts for almost 50% of annual non-commercial sales.
Spending on construction projects dropped 0.6 percent in November, to the lowest level in more than six years, the Commerce Department said today in Washington.
The National Association of Realtors' index for pending sales of previously owned homes - a forecasting gauge of housing-market activity - slid 16% in November. That represents the first decline in the index in 10 month, and more than triple the size of the drop analysts had expected.
Service related employment declined again in December. FOMC minutes of last month debated increasing and extending asset purchases anticipating a weakening economy as stimulus ends and new taxes begin..
Yesterday:
New unemployment claims filed last week increased to 434,000.
Friday, Jan.8:
December unemployment report: The overall jobless rate held at 10 percent. The report was that 85,000 jobs were lost in December, considerably worse than expected. However the number of workers who have been unemployed longer than 6 months rose by 229,000 to 6.13 million.
Market forces January 8, 2010
The NYSE just reached its previous high but did not establish a new high and still can be interpreted as a head and shoulder sell signal if the neck resistance level (of the head and shoulders formation) breaks down. That reflects both the price change and volume of shares being traded. The modified MACD indicator still has a sell signal. The US market has been relatively flat for six weeks.
Charles Biderman, founder of Trim Tabs Research, a firm that keeps track of liquidity flows into and out of the market says the government has been investing in American stocks and artificially caused the recent rally to create the illusion of a recovery. Biderman said, “We cannot identify the source of new money that pushed stock prices up so far so fast." He says the money didn’t come from companies, retail investors, foreign investors, hedge funds, or pension funds. Socialists are known for taking ownership to get the changes they demand. It is likely the US government would buy the market index funds so as not to distort individual stock prices. It means the stock market recovery will be capped until the US government sells what they have bought. By draining money out of the economy the government may be planning to take the 50% profit from the stock market rally beginning very soon. If it were done rapidly the stock market would collapse. So instead we should expect a general long-term cap on the markets.
Asian markets were up over night; Hong Kong up 0.1%, India down -0.4%, South Korea up 0.7%, Taiwan up 0.5%, and Japan up 1.1%.
European markets are mixed with the average in a range from 0.6% to -0.5% this morning about half way through their day.
US pre-market futures down about -0.2% today at 9:00 AM EST.
Thursday, January 7, 2010
Socialists in congress flee their sinking ship like
World Outlook
Asian economies seem to stagnating. If the Asian malaise continues a sharp market correction is anticipated.
Good news… Senator Dodd and others will be bailing out and there is still a good chance the damage the socialists plan to inflict after the 2010 and 2012 elections will be safely defused by throwing them out of office. That is good news for the world because free enterprise and creativity would get a new lease on life.
Market Outlook:
Zale Corp., the Texas-based jewelry chain, said December sales at stores open at least a year fell 9.2 percent. But Macys is raising their profit estimates 2%.
Since November, commodity prices have risen even while the dollar has appreciated in value indicating that price inflation is beginning to kick in. The difference between two-year and 10-year Treasury yields widened to almost 4 percent, the most in at least 20 years as the Federal Reserve signaled it will hold its target interest rate at a record low. The much higher future rate indicates future inflation risk is higher than perceived future deflation risk. But there is a long way to go before inflation kicks in. For that reason precious metals and commodity prices will bounce upwards and fall back many times before the climax is hit and the FED tightens down rigorously similar to when they popped the bubble in 2000.
The Institute for Supply Management’s factory index rose to 55.9, the highest level since April 2006, according to the Tempe, Arizona-based group.
Spending on construction projects dropped 0.6 percent in November, to the lowest level in more than six years, the Commerce Department said today in Washington.
Factory Orders showed 1.1% growing demand in November for a wide range of U.S. factory products, signaling the potential for stronger-than-expected fourth-quarter gross domestic product. Demand beat forecasts.
The National Association of Realtors' index for pending sales of previously owned homes - a forecasting gauge of housing-market activity - slid 16% in November. That represents the first decline in the index in 10 month, and more than triple the size of the drop analysts had expected.
Yesterday:
The decline in December service related employment was the smallest since March of 2008. Employment losses are now diminishing and, if recent trends continue, service related employment could begin rising within the next few months. FOMC minutes of last month debated increasing and extending asset purchases anticipating a weakening economy as stimulus ends and new taxes begin..
Thursday, Jan. 7:
Unemployment Claims
Friday, Jan.8:
December unemployment report
Market forces January 7, 2010
We estimate the NYSE must still rise 0.2% from yesterday's close to just equal the previous high and not be interpreted as a declining head and shoulder sell signal. That reflects both the price change and volume of shares being traded. The market has been flat for six weeks and it appears the rally is over. The next sell confirmation will be if the neck resistance level (of the head and shoulders formation) breaks down on the volume adjusted NYSE market cash flow index. The modified MACD indicator gave a sell signal.
Charles Biderman, founder of Trim Tabs Research, a firm that keeps track of liquidity flows into and out of the market says the government has been investing in American stocks and caused the recent rally to create the illusion of a recovery. Biderman said, “We cannot identify the source of new money that pushed stock prices up so far so fast." He says the money didn’t come from companies, retail investors, foreign investors, hedge funds, or pension funds. Socialists are known for taking ownership to get the changes they demand.
Asian markets were down over night; China holiday, Hong Kong down -0.7%, India down -0.5%, South Korea down -1.3%, Taiwan down -1.1%, and Japan down -0.5%.
European markets are down with the average in a range from 0% to -0.6% this morning about half way through their day.
US pre-market futures down about -0.3% today at 8:00 AM EST.
Asian economies seem to stagnating. If the Asian malaise continues a sharp market correction is anticipated.
Good news… Senator Dodd and others will be bailing out and there is still a good chance the damage the socialists plan to inflict after the 2010 and 2012 elections will be safely defused by throwing them out of office. That is good news for the world because free enterprise and creativity would get a new lease on life.
Market Outlook:
Zale Corp., the Texas-based jewelry chain, said December sales at stores open at least a year fell 9.2 percent. But Macys is raising their profit estimates 2%.
Since November, commodity prices have risen even while the dollar has appreciated in value indicating that price inflation is beginning to kick in. The difference between two-year and 10-year Treasury yields widened to almost 4 percent, the most in at least 20 years as the Federal Reserve signaled it will hold its target interest rate at a record low. The much higher future rate indicates future inflation risk is higher than perceived future deflation risk. But there is a long way to go before inflation kicks in. For that reason precious metals and commodity prices will bounce upwards and fall back many times before the climax is hit and the FED tightens down rigorously similar to when they popped the bubble in 2000.
The Institute for Supply Management’s factory index rose to 55.9, the highest level since April 2006, according to the Tempe, Arizona-based group.
Spending on construction projects dropped 0.6 percent in November, to the lowest level in more than six years, the Commerce Department said today in Washington.
Factory Orders showed 1.1% growing demand in November for a wide range of U.S. factory products, signaling the potential for stronger-than-expected fourth-quarter gross domestic product. Demand beat forecasts.
The National Association of Realtors' index for pending sales of previously owned homes - a forecasting gauge of housing-market activity - slid 16% in November. That represents the first decline in the index in 10 month, and more than triple the size of the drop analysts had expected.
Yesterday:
The decline in December service related employment was the smallest since March of 2008. Employment losses are now diminishing and, if recent trends continue, service related employment could begin rising within the next few months. FOMC minutes of last month debated increasing and extending asset purchases anticipating a weakening economy as stimulus ends and new taxes begin..
Thursday, Jan. 7:
Unemployment Claims
Friday, Jan.8:
December unemployment report
Market forces January 7, 2010
We estimate the NYSE must still rise 0.2% from yesterday's close to just equal the previous high and not be interpreted as a declining head and shoulder sell signal. That reflects both the price change and volume of shares being traded. The market has been flat for six weeks and it appears the rally is over. The next sell confirmation will be if the neck resistance level (of the head and shoulders formation) breaks down on the volume adjusted NYSE market cash flow index. The modified MACD indicator gave a sell signal.
Charles Biderman, founder of Trim Tabs Research, a firm that keeps track of liquidity flows into and out of the market says the government has been investing in American stocks and caused the recent rally to create the illusion of a recovery. Biderman said, “We cannot identify the source of new money that pushed stock prices up so far so fast." He says the money didn’t come from companies, retail investors, foreign investors, hedge funds, or pension funds. Socialists are known for taking ownership to get the changes they demand.
Asian markets were down over night; China holiday, Hong Kong down -0.7%, India down -0.5%, South Korea down -1.3%, Taiwan down -1.1%, and Japan down -0.5%.
European markets are down with the average in a range from 0% to -0.6% this morning about half way through their day.
US pre-market futures down about -0.3% today at 8:00 AM EST.
Wednesday, January 6, 2010
Market in Asia stagnated and now is breaking new lows.
Just a reminder, I was quite bullish on Obama as were most Americans when he was elected because he was well spoken and the Republicans could not find qualified candidates to run against him. But by the end of his first month in office he showed us his communist advisors and demonstrated his complete ignorance of economics. Remember Obama did not even know the function of the stock market or what a PE ratio was. By the end of February I lost all faith in the Obama administration. Now most Americans wonder why they ever thought he any good.
World Outlook
China was going flat since August but the most recent low was lower that the previous low and the current high is also lower than the previous high indicating the market rally is about over. Asian markets have recently led the Western markets upward and will likely lead us flat and back down.
http://finance.yahoo.com/q/ta?s=000001.SS&t=6m&l=on&z=m&q=l&p=&a=&c=
Good news… Dodd plans to announce he will not run for senate this year. It would be wonderful if Rankle (or is his name rancor) would resign this year too so we would be rid of the two on the Senate Banking Committee that enabled liars and cheats to get government backed home mortgages that subsequently brought down the entire world economy. It was reported that 60% of public pension plans lost so much due to Senate condoned home mortgage fraud that they have a huge shortfall of funds needed to meet future pension requirements of public employees including teachers, firemen, local and state government employees. No the Terminator wants a private sector taxpayer bail out.
Market Outlook:
This current stock market rise off the March 2009 low still has the look of a bear market rally comparable it to the bear market rally and subsequent collapse of 1930. The recovery did not come in 1930, in fact the Great Depression had barely started, and the stock market suffered losses of another 85 percent measured from the interim bear rally high of 1930 (where we are by analogy today). The current recovery appears to be far less than expected for the trillions of dollars the Obama socialists have squandered on ACORN criminals and the socialist welfare class they hope to cultivate to control American elections in the future. Obama was the first to achieve critical mass of indigents and self-loathing Americans who truly relish living the good "don't worry" life of third world citizens. America, the last bastion of "true liberty" creativity, scientific research, advanced medicines, and free enterprise traded "nationalist socialism/world communism" for a brief moment of about six months before the "Tea Parties" showed that most Americans have already had their fill of totalitarianism. Socialist totalitarianism exploits crises to build a voter base of indigents and then buys off the indigent to maintain a voting block. For every government job created for an incompetent political hack the private sector loses 1.6 private sector jobs. The people in make-work government jobs are not counted as unemployed. So in countries like France there is usually at over 20% unemployment when you include the unproductive patronage jobs and the short work-week that people who pretend to work prefer.
In 1990 the Japanese mocked American free enterprise by calling it "cowboy economics" because American growth requires creative destruction of the outmoded jobs to motivate workers to learn new needed skills. Japan's dream of permanent jobs has resulted in 20+ years so far of deflation and recession.
The final numbers are in. The Obama ‘cash for clunkers’ program last summer resulted in the sale of 320,000 Japanese vehicles in the U.S.
The Institute for Supply Management’s factory index rose to 55.9, the highest level since April 2006, according to the Tempe, Arizona-based group.
Spending on construction projects dropped 0.6 percent in November, to the lowest level in more than six years, the Commerce Department said today in Washington.
Yesterday:
Factory Orders showed 1.1% growing demand in November for a wide range of U.S. factory products, signaling the potential for stronger-than-expected fourth-quarter gross domestic product. Demand beat forecasts.
The National Association of Realtors' index for pending sales of previously owned homes - a forecasting gauge of housing-market activity - slid 16% in November. That represents the first decline in the index in 10 month, and more than triple the size of the drop analysts had expected.
Wednesday, Jan. 6:
ADP Jobs Report
FOMC minutes
Thursday, Jan. 7:
Unemployment Claims
Friday, Jan.8:
December unemployment report
Market forces January 6, 2010
We estimate the NYSE must rise 0.6% from yesterday'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. At this point it appears the rally is over. The next sell confirmation will be if the neck resistance level (of the head and shoulders formation) breaks down on the volume adjusted NYSE market cash flow index. The modified MACD indicator gave a sell signal.
Asian markets were up slightly over night; China holiday, Hong Kong up 0.6%, India up 0.1%, and Japan up 0.5%.
European markets are down with the average in a range from 0% to -0.4% this morning about half way through their day.
US pre-market futures down about -0.3% today at 8:00 AM EST.
History then tells us that the current stock market rally is not sufficient to suggest that the worst is over. We have inefficient nationalized medicine on the plate with 50 million new entitlements for illegals and indigents who do not share the American work ethic, and $trillions of debt burden to give Acorn and other indigent socialist supporters pretend jobs that pay them with real taxpayer's money to vote for socialists. In former socialist countries and many current socialist countries (even Iran) if you do not support the regime you cannot have an education or a decent job. Control of government jobs is how dictators stay in power. That is why intelligent people flee socialism. That is why so many British, Canadians, Europeans, and Indians try to become American citizens. They used to call America the land of opportunity and we call the immigrants the world brain drain to America. With Obama socialism that era will rapidly come to an end.
We are now preparing for a possible market decline in early 2010 that could take prices down to at least the old high where stocks were at the end of May seven months ago. The last two Januarys have been quite ugly although in 2009 the market surged more than 2% on the first January market day.
World Outlook
China was going flat since August but the most recent low was lower that the previous low and the current high is also lower than the previous high indicating the market rally is about over. Asian markets have recently led the Western markets upward and will likely lead us flat and back down.
http://finance.yahoo.com/q/ta?s=000001.SS&t=6m&l=on&z=m&q=l&p=&a=&c=
Good news… Dodd plans to announce he will not run for senate this year. It would be wonderful if Rankle (or is his name rancor) would resign this year too so we would be rid of the two on the Senate Banking Committee that enabled liars and cheats to get government backed home mortgages that subsequently brought down the entire world economy. It was reported that 60% of public pension plans lost so much due to Senate condoned home mortgage fraud that they have a huge shortfall of funds needed to meet future pension requirements of public employees including teachers, firemen, local and state government employees. No the Terminator wants a private sector taxpayer bail out.
Market Outlook:
This current stock market rise off the March 2009 low still has the look of a bear market rally comparable it to the bear market rally and subsequent collapse of 1930. The recovery did not come in 1930, in fact the Great Depression had barely started, and the stock market suffered losses of another 85 percent measured from the interim bear rally high of 1930 (where we are by analogy today). The current recovery appears to be far less than expected for the trillions of dollars the Obama socialists have squandered on ACORN criminals and the socialist welfare class they hope to cultivate to control American elections in the future. Obama was the first to achieve critical mass of indigents and self-loathing Americans who truly relish living the good "don't worry" life of third world citizens. America, the last bastion of "true liberty" creativity, scientific research, advanced medicines, and free enterprise traded "nationalist socialism/world communism" for a brief moment of about six months before the "Tea Parties" showed that most Americans have already had their fill of totalitarianism. Socialist totalitarianism exploits crises to build a voter base of indigents and then buys off the indigent to maintain a voting block. For every government job created for an incompetent political hack the private sector loses 1.6 private sector jobs. The people in make-work government jobs are not counted as unemployed. So in countries like France there is usually at over 20% unemployment when you include the unproductive patronage jobs and the short work-week that people who pretend to work prefer.
In 1990 the Japanese mocked American free enterprise by calling it "cowboy economics" because American growth requires creative destruction of the outmoded jobs to motivate workers to learn new needed skills. Japan's dream of permanent jobs has resulted in 20+ years so far of deflation and recession.
The final numbers are in. The Obama ‘cash for clunkers’ program last summer resulted in the sale of 320,000 Japanese vehicles in the U.S.
The Institute for Supply Management’s factory index rose to 55.9, the highest level since April 2006, according to the Tempe, Arizona-based group.
Spending on construction projects dropped 0.6 percent in November, to the lowest level in more than six years, the Commerce Department said today in Washington.
Yesterday:
Factory Orders showed 1.1% growing demand in November for a wide range of U.S. factory products, signaling the potential for stronger-than-expected fourth-quarter gross domestic product. Demand beat forecasts.
The National Association of Realtors' index for pending sales of previously owned homes - a forecasting gauge of housing-market activity - slid 16% in November. That represents the first decline in the index in 10 month, and more than triple the size of the drop analysts had expected.
Wednesday, Jan. 6:
ADP Jobs Report
FOMC minutes
Thursday, Jan. 7:
Unemployment Claims
Friday, Jan.8:
December unemployment report
Market forces January 6, 2010
We estimate the NYSE must rise 0.6% from yesterday'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. At this point it appears the rally is over. The next sell confirmation will be if the neck resistance level (of the head and shoulders formation) breaks down on the volume adjusted NYSE market cash flow index. The modified MACD indicator gave a sell signal.
Asian markets were up slightly over night; China holiday, Hong Kong up 0.6%, India up 0.1%, and Japan up 0.5%.
European markets are down with the average in a range from 0% to -0.4% this morning about half way through their day.
US pre-market futures down about -0.3% today at 8:00 AM EST.
History then tells us that the current stock market rally is not sufficient to suggest that the worst is over. We have inefficient nationalized medicine on the plate with 50 million new entitlements for illegals and indigents who do not share the American work ethic, and $trillions of debt burden to give Acorn and other indigent socialist supporters pretend jobs that pay them with real taxpayer's money to vote for socialists. In former socialist countries and many current socialist countries (even Iran) if you do not support the regime you cannot have an education or a decent job. Control of government jobs is how dictators stay in power. That is why intelligent people flee socialism. That is why so many British, Canadians, Europeans, and Indians try to become American citizens. They used to call America the land of opportunity and we call the immigrants the world brain drain to America. With Obama socialism that era will rapidly come to an end.
We are now preparing for a possible market decline in early 2010 that could take prices down to at least the old high where stocks were at the end of May seven months ago. The last two Januarys have been quite ugly although in 2009 the market surged more than 2% on the first January market day.
Tuesday, January 5, 2010
Stocks Rally as Dollar Falls, Manufacturing Grows, home sales decline, and Oil Climbs Above $80
World Outlook
Starting December 2008 shortly after Obama told workers in Peoria that Caterpillar would be hiring soon, Caterpillar cut about 18,700 full-time jobs and about the same number of temporary workers as the global recession reduced demand. The Peoria, Illinois-based company predicts 2010 sales will increase as much as 10 percent. Most of the Caterpillar sales business is overseas in Asia.
Market Outlook:
This current stock market rise off the March 2009 low has the look of a bear market rally comparable it to the bear market rally and subsequent collapse of 1930. The recovery did not come in 1930, in fact the Great Depression had barely started, and the stock market suffered losses of another 85 percent measured from the interim bear rally high of 1930 (where we are by analogy today).
The final numbers are in. The Obama ‘cash for clunkers’ program last summer resulted in the sale of 320,000 Japanese vehicles in the U.S.
The Institute for Supply Management’s factory index rose to 55.9, the highest level since April 2006, according to the Tempe, Arizona-based group.
Spending on construction projects dropped 0.6 percent in November, to the lowest level in more than six years, the Commerce Department said today in Washington.
Tuesday, Jan.5:
Factory Orders
Pending Home Sales
Wednesday, Jan. 6:
ADP Jobs Report
FOMC minutes
Thursday, Jan. 7:
Unemployment Claims
Friday, Jan.8:
December unemployment report
Market forces January 5, 2010
We estimate the NYSE must rise 1.1% from yesterday's close to be interpreted as a real rally not a declining head and shoulder sell signal. That reflects both the price change and volume of shares being traded. At this point it appears the rally is over. The next sell confirmation will be if the neck resistance level (of the head and shoulders formation) breaks down on the volume adjusted NYSE market cash flow index. The modified MACD indicator gave a sell signal.
Asian markets were up slightly over night; China holiday, Hong Kong up 2.1%, India up 0.7%, Seoul down -0.3%, and Japan up 0.3%.
European markets are up with the average in a range from 0% to 0.4% this morning about half way through their day.
US pre-market futures flat at about -0.2% today at 6:30 AM EST.
There is a similarity between the 1930 rally and 2009's rally. From the March low the S&P 500 has soared 69 percent in nine months. In doing so it recovered a bit more than 50 percent of its former losses. But it's still 27 percent below its all time high of October 2007. Yes, the market rallied strongly in 2009. But it did the same thing in 1930. History then tells us that the current stock market rally is not sufficient to believe that the worst is over. We have inefficient nationalized medicine on the plate with 50 million new entitlements for indigents and illegals who do not share the American work ethic, and $trillions of debt burden to give Acorn and other indigent socialist supporters pretend jobs that pay them with real taxpayer's money to vote for socialists. In former socialist countries and many current socialist countries (even Iran) if you do not support the regime you cannot have a university education or a decent job. Government jobs are how dictators stay in power. That is why intelligent people flee socialism. That is why so many British, Canadians, Europeans, and Indians try to become American citizens. They used to call America the land of opportunity.
We are now preparing for a possible market decline in early 2010 that could take prices down to at least the old high where stocks were at the end of May seven months ago. The last two Januarys have been quite ugly although in 2009 the market surged more than 2% on the first January market day.
Starting December 2008 shortly after Obama told workers in Peoria that Caterpillar would be hiring soon, Caterpillar cut about 18,700 full-time jobs and about the same number of temporary workers as the global recession reduced demand. The Peoria, Illinois-based company predicts 2010 sales will increase as much as 10 percent. Most of the Caterpillar sales business is overseas in Asia.
Market Outlook:
This current stock market rise off the March 2009 low has the look of a bear market rally comparable it to the bear market rally and subsequent collapse of 1930. The recovery did not come in 1930, in fact the Great Depression had barely started, and the stock market suffered losses of another 85 percent measured from the interim bear rally high of 1930 (where we are by analogy today).
The final numbers are in. The Obama ‘cash for clunkers’ program last summer resulted in the sale of 320,000 Japanese vehicles in the U.S.
The Institute for Supply Management’s factory index rose to 55.9, the highest level since April 2006, according to the Tempe, Arizona-based group.
Spending on construction projects dropped 0.6 percent in November, to the lowest level in more than six years, the Commerce Department said today in Washington.
Tuesday, Jan.5:
Factory Orders
Pending Home Sales
Wednesday, Jan. 6:
ADP Jobs Report
FOMC minutes
Thursday, Jan. 7:
Unemployment Claims
Friday, Jan.8:
December unemployment report
Market forces January 5, 2010
We estimate the NYSE must rise 1.1% from yesterday's close to be interpreted as a real rally not a declining head and shoulder sell signal. That reflects both the price change and volume of shares being traded. At this point it appears the rally is over. The next sell confirmation will be if the neck resistance level (of the head and shoulders formation) breaks down on the volume adjusted NYSE market cash flow index. The modified MACD indicator gave a sell signal.
Asian markets were up slightly over night; China holiday, Hong Kong up 2.1%, India up 0.7%, Seoul down -0.3%, and Japan up 0.3%.
European markets are up with the average in a range from 0% to 0.4% this morning about half way through their day.
US pre-market futures flat at about -0.2% today at 6:30 AM EST.
There is a similarity between the 1930 rally and 2009's rally. From the March low the S&P 500 has soared 69 percent in nine months. In doing so it recovered a bit more than 50 percent of its former losses. But it's still 27 percent below its all time high of October 2007. Yes, the market rallied strongly in 2009. But it did the same thing in 1930. History then tells us that the current stock market rally is not sufficient to believe that the worst is over. We have inefficient nationalized medicine on the plate with 50 million new entitlements for indigents and illegals who do not share the American work ethic, and $trillions of debt burden to give Acorn and other indigent socialist supporters pretend jobs that pay them with real taxpayer's money to vote for socialists. In former socialist countries and many current socialist countries (even Iran) if you do not support the regime you cannot have a university education or a decent job. Government jobs are how dictators stay in power. That is why intelligent people flee socialism. That is why so many British, Canadians, Europeans, and Indians try to become American citizens. They used to call America the land of opportunity.
We are now preparing for a possible market decline in early 2010 that could take prices down to at least the old high where stocks were at the end of May seven months ago. The last two Januarys have been quite ugly although in 2009 the market surged more than 2% on the first January market day.
Monday, January 4, 2010
Obama administration’s first response was “the system worked really smoothly.”
World Outlook
Janet Napolitano, the secretary of homeland security defended her comments that passengers who risked their lives to extinguished the fire in the Nigerian’s explosive under pants during his attempt to blow up a Detroit-bound airliner on Christmas Day showed that Obama's security “system worked really smoothly.”
President Barack Obama's top counterterrorism adviser Brennan said Sunday "There was no single piece of intelligence that said, 'this guy is going to get on a plane." It is not fair to single out African Islamic Arabs trained in Yemen just because their relatives turn them in. That is not due process and we must give terrorists our American rights. Obama believes there are no terrorists any more, just underprivileged people who still hate Bush. He inherited the problem so it is not his fault! Blame Bush. Obama then closed embassy in Yemen where the African Islamic Arab came from. This weekend his spokesman said we shouldn't focus on Islamic Arab terrorists because who knows… they could hold grandchildren hostage to force white American grandma to carry explosives on board. Obama's security advisers are obviously simple minded to think white American grandma is more dangerous than Islamic Arabs from Africa and the Middle East.
Iranian socialist Islamic terrorist state continues to gun down student protestors and Obama administration continues to watch and offer no support to the victims of Iranian Islamic terrorism. American hikers in disputed Iraq-Iran border continue to be held hostage in Iran. Iran steps up their nuclear weapon's program for world nuclear terrorism.
Market Outlook:
One of the most basic technical rules says that sustainable stock market rallies are accompanied by high volume on advances and declining volume on declines. By contrast, bear market rallies are characterized by low and falling activity on advances. Our market cash flow index says this rally is no longer sound. The problem got more pronounced during December. In 2009 the market rose roughly 50 percent from its March low. In 1930, the market rose roughly 50 percent from its 1929 crash low. This current monster rally led many economists, politicians and financial market experts to declare that the worst was over and the recovery had begun. The 1930 rally caused many in universities to claim that communism works better than socialism and that capitalism was a failure.
This current stock market rise off the March 2009 low has the look of a bear market rally comparable it to the frightening bear market rally and subsequent collapse of 1930. The recovery did not come in 1930, in fact the Great Depression had barely started, and the stock market suffered losses of another 85 percent measured from the interim bear rally high of 1930 (where we are by analogy today).
The final numbers are in. The Obama ‘cash for clunkers’ program last summer resulted in the sale of 320,000 Japanese vehicles in the U.S.
This Weeks business reports:
Monday, Jan. 4:
ISM Mfg Index
Construction Spending
Tuesday, Jan.5:
Factory Orders
Pending Home Sales
Wednesday, Jan. 6:
ADP Jobs Report
FOMC minutes
Thursday, Jan. 7:
Unemployment Claims
Friday, Jan.8:
December unemployment report
Market forces January 4, 2010
We estimate the NYSE must rise 3.5% from last Thursday's close to be interpreted as a real rally not a declining head and shoulder sell signal. That reflects both the price change and volume of shares being traded. The Spiral (Parabolic SAR) indicator just joined the technical sell signals. At this point it appears the rally is over. The next sell confirmation will be if the neck resistance level (of the head and shoulders formation) breaks down on the volume adjusted NYSE market cash flow index. The MACD indicator is also poised to give a sell signal.
Asian markets were up slightly over night; China holiday, Hong Kong down -0.2%, India up 0.5%, and Japan up 1%.
European markets are up with the average in a range from 0.7% to 1% this morning about half way through their day.
US pre-market futures flat at about 0.5% today at 7:00 AM EST.
There is a similarity between the 1930 rally and 2009's rally. From the March low the S&P 500 has soared 69 percent in nine months. In doing so it recovered a bit more than 50 percent of its former losses. But it's still 27 percent below its all time high of October 2007. Yes, the market rallied strongly in 2009. But it did the same thing in 1930. History then tells us that the current stock market rally is not sufficient enough to reason that the worst is over. We have inefficient nationalized medicine on the plate with 50 million entitlements for indigents who do not share the American work ethic, and $trillions of debt burden to give Acorn and other indigent socialist supporters pretend jobs that pay them with real taxpayer's money.
We are now preparing for a possible market decline in early 2010 that could take prices down to at least the old high where stocks were at the end of May seven months ago. The last two Januarys have been quite ugly although in 2009 the market surged more than 2% on the first January market day.
Janet Napolitano, the secretary of homeland security defended her comments that passengers who risked their lives to extinguished the fire in the Nigerian’s explosive under pants during his attempt to blow up a Detroit-bound airliner on Christmas Day showed that Obama's security “system worked really smoothly.”
President Barack Obama's top counterterrorism adviser Brennan said Sunday "There was no single piece of intelligence that said, 'this guy is going to get on a plane." It is not fair to single out African Islamic Arabs trained in Yemen just because their relatives turn them in. That is not due process and we must give terrorists our American rights. Obama believes there are no terrorists any more, just underprivileged people who still hate Bush. He inherited the problem so it is not his fault! Blame Bush. Obama then closed embassy in Yemen where the African Islamic Arab came from. This weekend his spokesman said we shouldn't focus on Islamic Arab terrorists because who knows… they could hold grandchildren hostage to force white American grandma to carry explosives on board. Obama's security advisers are obviously simple minded to think white American grandma is more dangerous than Islamic Arabs from Africa and the Middle East.
Iranian socialist Islamic terrorist state continues to gun down student protestors and Obama administration continues to watch and offer no support to the victims of Iranian Islamic terrorism. American hikers in disputed Iraq-Iran border continue to be held hostage in Iran. Iran steps up their nuclear weapon's program for world nuclear terrorism.
Market Outlook:
One of the most basic technical rules says that sustainable stock market rallies are accompanied by high volume on advances and declining volume on declines. By contrast, bear market rallies are characterized by low and falling activity on advances. Our market cash flow index says this rally is no longer sound. The problem got more pronounced during December. In 2009 the market rose roughly 50 percent from its March low. In 1930, the market rose roughly 50 percent from its 1929 crash low. This current monster rally led many economists, politicians and financial market experts to declare that the worst was over and the recovery had begun. The 1930 rally caused many in universities to claim that communism works better than socialism and that capitalism was a failure.
This current stock market rise off the March 2009 low has the look of a bear market rally comparable it to the frightening bear market rally and subsequent collapse of 1930. The recovery did not come in 1930, in fact the Great Depression had barely started, and the stock market suffered losses of another 85 percent measured from the interim bear rally high of 1930 (where we are by analogy today).
The final numbers are in. The Obama ‘cash for clunkers’ program last summer resulted in the sale of 320,000 Japanese vehicles in the U.S.
This Weeks business reports:
Monday, Jan. 4:
ISM Mfg Index
Construction Spending
Tuesday, Jan.5:
Factory Orders
Pending Home Sales
Wednesday, Jan. 6:
ADP Jobs Report
FOMC minutes
Thursday, Jan. 7:
Unemployment Claims
Friday, Jan.8:
December unemployment report
Market forces January 4, 2010
We estimate the NYSE must rise 3.5% from last Thursday's close to be interpreted as a real rally not a declining head and shoulder sell signal. That reflects both the price change and volume of shares being traded. The Spiral (Parabolic SAR) indicator just joined the technical sell signals. At this point it appears the rally is over. The next sell confirmation will be if the neck resistance level (of the head and shoulders formation) breaks down on the volume adjusted NYSE market cash flow index. The MACD indicator is also poised to give a sell signal.
Asian markets were up slightly over night; China holiday, Hong Kong down -0.2%, India up 0.5%, and Japan up 1%.
European markets are up with the average in a range from 0.7% to 1% this morning about half way through their day.
US pre-market futures flat at about 0.5% today at 7:00 AM EST.
There is a similarity between the 1930 rally and 2009's rally. From the March low the S&P 500 has soared 69 percent in nine months. In doing so it recovered a bit more than 50 percent of its former losses. But it's still 27 percent below its all time high of October 2007. Yes, the market rallied strongly in 2009. But it did the same thing in 1930. History then tells us that the current stock market rally is not sufficient enough to reason that the worst is over. We have inefficient nationalized medicine on the plate with 50 million entitlements for indigents who do not share the American work ethic, and $trillions of debt burden to give Acorn and other indigent socialist supporters pretend jobs that pay them with real taxpayer's money.
We are now preparing for a possible market decline in early 2010 that could take prices down to at least the old high where stocks were at the end of May seven months ago. The last two Januarys have been quite ugly although in 2009 the market surged more than 2% on the first January market day.
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