Obama Voodoo compassion and Obamacare

While Greek socialists are taking their country down the drain fast, Obama's Arab, Haitian, and African friends epitomize Obama's concept of equality in healthcare. Those countries solve healthcare by praying, Voodoo or by coming to America for treatment. Americans have always set up clinics in cities where doctors work for free all day helping people who cannot find specialized help in emergency rooms. Americans also use hospital ships and show compassion going around the world helping children with cleft pallets and crippling deformities. Obama's compassion is voodoo compassion based on socialist ignorance, superstition,and envy of people who are self sufficient.

Obamacare is incompatible with first world healthcare. If it is defeated this week we will see an economic recovery as the world and especially Americans breathe a sigh of relief. If Obamacare passes it is a debt burden that will likely bring on the world's second Great Depression. It adds an entitlement to 30 million indigents who do nt like the American work ethic, Anglos, or the English language. The whole world is watching and waiting to see if the last bastion of liberty, equality with justice for all will sink into the government tyranny of socialism. Deeming that OBAMACARE passes without even a vote call would certainly make any Stalinist, Nazi, or Ayatollah very happy.

World Outlook
Brazil’s central bank may raise interest rates for the first time in 18 months as the rapid recovery of Latin America’s biggest economy has pushed inflation above its 4.5 percent target.
Federal Open Market Committee Meeting and reports that China is selling US debt not buying put a damper on the market.

This Week of Market Reports:
The Federal Reserve said industrial production increased for the eighth consecutive month, edging up .1% in February, even though the figure's manufacturing component fell .2%. Separately, the Empire State Manufacturing Survey, an indicator of economic conditions in one of the most populous states, came in at a smaller-than-expected drop.
Housing Starts were down 5% last month allowing more foreclosed property to clear than might otherwise. FOMC announced it would continue to hold interest rates low.

Yesterday
Product Price Index dropped 0.6% but the core PPI increased 0.1%. It indicates that the sharp 1,4% increase last month was a statistical outlier and inflation is not serious.

Market Reports:
Thursday, March 18:
Unemploy Claims
Consumer Price Index

Friday, March 19:
Quadruple-witching expirations.


Market Outlook March 18
Stocks rose, sending the Dow Jones Industrial Average to a 17-month high, and commodities rallied as a drop in U.S. producer prices underscored the Federal Reserve’s assessment that inflation is not a threat to low interest rates. The new high is only 0.3% higher than the past high. When we account for the fact that volume on advances has been lower than volume on declines the markets would have to rise 2.7% more to be a true breakout. That could happen if Obamacare is defeated this week. But that will be a false breakout if as with voodoo, Obama believes his bill can keep rising from the dead. If it fails this week he may ask his walking dead Democrat party to raise it from the dead again on Easter. Passage of Obamacare would be a disaster for American liberty and world peace and prosperity.


At this time we are taking profits and reducing holdings as we get more into cash. We still see the averages possibly rising 2.8% more in the next few months. Some stocks have run up and it is time to rotate out of them and into more promising stocks. We expect FED tightening to be required before elections but not soon. The market cash flow is telling us the S&P advance since Obama took office may reach 46%. We have recovered less than half the loss of this recession. With Obamacare and Obama immigration policy America is at risk of another Great Depression beginning in about a year. The lunatic left must be voted out of office. If they are voted out and Obamacare is aborted then the market could end this year with a healthy advance.

One reason some stocks such as PALM is at such a low is the short pressure that has recently reached 74.6% of outstanding stock. That seems to now be reversing and a short squeeze is possible. The stock could double but it would take about a month. Google and Apple are getting into legal difficulties. Google may soon take the place of PALM on the short lists. Palm with 74.6% of its shares already shorted is likely near its low for this year.

Palm's short interest has peaked as shown here.
http://www.dailyfinance.com/company/palm...

A stock buy back by PALM could trigger a short squeeze. Currently Motorola could acquire PALM for less than $1Billion. This is near the bottom of the channel for trending.
PALM has been a survivor. Insiders and institutions are now net buyers of PALM.

Insider Purchases - Last 6 Months =2,276,920
Total Insider Shares Held =13.66M
% Net Shares Purchased by insiders =18.7%

Net Institutional Purchases - Prior Qtr to Latest Qtr = 704,614
% Change in Institutional Shares Held +0.4%

World Markets
Asian markets were down slightly over night; Shanghai down -0.1%, Hong Kong down -0.3%, India up 0.2%, and Japan down -1%.

European markets are currently up in the narrow range from 0.1% to 0.3 % this morning about half way through their day.

Today US pre-market futures are up in a range 0% to 0.3% at 8:30 AM EST.
PALM is ready for a short squeeze