Wednesday, March 31, 2010

The fact that George Soros funded the Obama campaign and still likes what Obama is doing should be enough cause for every American to vote out the Oba

The fact that George Soros funded the Obama campaign and still likes what Obama is doing should be enough cause for every American to vote out the Obama regime.

World Outlook
The Baltic Dry index measures the health of world trade. It has shown a serious decline in the last few months and that no doubt is why Jim Cramer has been ignoring it of late. It means world trade is slowing,
http://www.bloomberg.com/apps/cbuilder?ticker1=BDIY%3AIND

Markets
Personal Income did not increase in February but Spending was up 0.3%. Both were not as good as expected. Core deflation was zero. We need some inflation to stay out of a Great Depression.

The Conference Board’s confidence index rose to 52.5 from 46.4 in February but taken together looks flat and not improving at all.
http://www.martincapital.com/chart-pgs/Pg_conco.htm

On the bright side, retail sales have returned to normal and while car sales and new home sales are pathetic, that means that auto and housing stocks can still go a lot higher but retail stocks probably had their run.
http://www.martincapital.com/chart-pgs/Pg_sales.htm

Housing Price Index of 20 U.S. cities rose 0.3 percent in January after a similar gain in December. That is eight consecutive months of gains but there still is along way to go.

Markets this week
As manufacturing now begins to level off it is not a bad sign because it means we have recovered in that sector and manufacturing is beginning to approach capacity so they could begin hiring again very soon.
http://www.martincapital.com/chart-pgs/Pg_mnord.htm

Wednesday, March 31:
ADP Jobs report
Chicago PM Index
Factory Orders

Thursday, April 1:
Unemployment Claims
Layoff Report
ISM Manufacturing Index
Construction Spend

Market Outlook March 30
The Wilburforce of Boston report:
The Obama debt will be relentless unless we reverse the programs of that spending fool. That is why so many Obama supporters in real life can't rub two nickels together. They are over their heads in debt and since their mama is broke and da papa hasta pimp, they need to rob da rich folk who saved and don't drive dem BMW's or hafta sell drugs and pimp for a livin. ACORN been da federal PIMP agency Obama and da lunatic fringe support. Obama done said yesterday dat da patriots been da real fringe group. Is Obama cool an all there in da head? You gotta vote for da man.

The opposing view:
But rising yields on government debt will drive up American borrowing costs making the worlds largest bond traders drool over the coming collapse. They say this month’s losses in the market for U.S. Treasuries are just the beginning. Obamacare will make America a welfare state by putting the entire nation on welfare. And all the way down George Soros will be making another fortune betting against America. That is why all Americans need to vote out the lunatic socialist left ASAP. Obama's nationalization program that can only end with a world wide Great Depression like FDR caused when he was enamored with the Russian Revolution.

The storm is almost upon us. Obama and the democrat-socialists are setting the stage for short sellers of every breed to sweep in soon and attack American markets and currencies. The fact that George Soros funded the Obama campaign should have been enough cause for every American to vote against the Obama regime.

World Markets
Asian markets were down over night; Shanghai down -0.6%, Hong Kong down -0.6%, India down -0.4%, and Japan down -0.1%.

European markets are currently flat in the range from -0.1 to 0.2 % this morning about half way through their day.

Today US pre-market futures are up in a range 0.2% to 0.3% at 8:00 AM EST.

We have noticed that the greatest impediment to stock market profits is a portfolio under $100,000. Beyond $100,000 the investor costs go down and diversification begins to work. Below $6000 it is almost impossible for an investor to make money other than in an index fund (at best) and that has performed close to a net zero for the last ten years (even ignoring trading commissions).

No comments: