Obama administration is destroying the American Constitution with doomsday healthcare bomb.

Obama administration is destroying the American Constitution with doomsday healthcare bomb.

Obama and Chavez each have a lot in common. Both are closet Communists, both hate and circumvent their Constitutions. But fortunately Americans seem quite a bit smarter and more informed than their left leaning Venezuela counterparts. Chavez had his Constitution changed so that he can be dictator for life. Obama invented the new cabinet position called "Czars" so he can avoid subjecting his Communists and the other stupid leftists he appoints to public scrutiny. That is right Obama bypasses congressional review. That is why he had to ask some of them to leave. He did not want it disclosed just how stupid and communist their leanings were. Idiot-leftist science is replacing real science in America at a rapid pace, as Federal stimulation research and science funds are for idiot-leftists only.

Obama's doomsday healthcare bomb is set to explode in 1013 after he and his loony Congress are re-elected. Only the free-lunch parts of the bill start before the elections so they have a better chance of re-election. The high taxes then detonate and the second Great Depression kick in with interest rates on the national debt soaring before Obama declares America is bankrupt, morally, socially, intellectually, and economically.

That is the scenario unless leftists are removed. But we must also throw out the right wing lunatics as well because they are no better. We need people who back the constitution and the accumulated thoughts of Washington, Adams, Jefferson, Monroe, and Hamilton.


World Outlook

Last Week of Market Reports:
Treasury bill auctions are feeling the pressure of China's absence at auctions. That means the treasury will need to actually inflate the US currency.
Existing Home Sales fell 0.7% from a year ago. That looks like a statistical blip not a trend.

Markets last week
Durable Goods Orders rose in February for a third month, while inventories and backlogs climbed by the most in more than a year indicating the economy had perhaps finished with its first dip. New Home Sales fell to the lowest level (308,000 annually) since this statistic has been recorded. This is after the previous month was corrected downward as well from 315 to 309 adding 6000 to the current figure.
The yield on 10-year Treasuries, which determines borrowing costs for homeowners, companies and other governments around the world, climbed 0.03 percentage point to 3.88 percent after jumping 0.17 point Tuesday. The yield touched the highest level since June when it reached 4 percent. This could be the end of the FED's ability to keep interest rates low because such a spread stimulates inflation.
Unemployment Claims dropped to 442K from 456k last week.
Q4 GDP The Commerce Department said this morning that the economy grew at a rate of 5.6 percent during the last three months of the year, the government's final revision of the number. It was slightly less than the first two estimates, but still the highest rate in six years.
Amid signs that the labor market is approaching a bottom, the consumer sentiment index declined to 72.5 in March from 73.6 in February. The stock market had expected an improvement.


Markets this week
Monday, March 29:
Personal Income & Spending
Tuesday, March 30:
Housing Price Index
Consumer Confidence

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 29
Former Federal Reserve Chairman Alan Greenspan’s warning that rising yields on government debt will drive up American borrowing costs is resonating with the world’s biggest bond traders, who say this month’s losses in the market for U.S. Treasuries are just the beginning.
The market sold off yesterday when long term Treasury auctions continued to be weak indicating that China and Japan are too smart to fund Obama's socialism and Obama's extravagant wasteful deficit spending. 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. We said we sold heavily into this. The NYSE price action when corrected for volume of shares traded has this current high lower than the last high and the previous low lower than the previous low. Currently the NYSE is the only one that provides accurate price and volume information. If you look carefully you will see that all the other reported volumes track the NYSE. That fraud has been going on since January of 2005. Our only major holding now is precious metals that are up over 15% from where we bought in.
If you look back you will see we were buying when people had sold off the market and we were selling near the peak. Our private sell signal corrects the market price data with volume data to make the data speak the truth. So we can already see the head and shoulder sell signal is forming even though the current markets are at slightly new highs for 2010.
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 up over night; Shanghai up 2.1%, Hong Kong up 1.9%, India up 0.4%, and Japan down -0.1%.

European markets are currently up in the range from 0 to 0.6 % this morning about half way through their day.

Today US pre-market futures are up in a range 0.3% to 0.6% at 8:30 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).