Obama is an inspiration socialist nazi style dictatorships, El Salvador, Honduras…Venezuela.

Obama is an inspiration socialist nazi style dictatorships, El Salvador, Honduras…Venezuela.

Where Obama goes the axis of evil grows!

Is it a coincidence that the socialist Nazis type groups are growing in power now that Obama has power? It is further proof that the extremes of socialism are Nazi right wing and Communist left wing. In the American republic our extremes of "The Republic" are Jefferson on the left and Hamilton in the right wing. Why does Obama want to change the Constitution to destroy the Republic and make America a socialist tyranny like his Nigerian and Indonesian homelands?

Why is it that Obama has no legal American Birth Certificate that he can publicly produce? Did his mother lose it or is it because he fraudulently obtained one as hundreds of others do each year on the streets of almost every American city? If he will not publicly produce proof that he was born in one of the 50 American states his presidency is illegal and he should be thrown out and imprisoned not impeached. An impostor has no presidential standing. In America just being a citizen does not qualify you to run for office. To be president you must actually be born on the ground in one if the 50 states. Being born in an airplane flying over Hawaiian airspace does not qualify.

The stock Market remains at a record overbought level as $trillions of taxpayer money is squandered by the socialists who plan to put a neo-communist woman on the Supreme Court.

World Outlook

Crude oil is at the highest inventory level since September 1990. They rose by another 3.9 million barrels, or 1.1 percent, to 370.6 million barrels, which is 17.2 percent above year-ago levels, the Energy Department’s Energy Information Administration said in its weekly report. Yet the price of gasoline is near $3 per gallon. Oil investments therefore are likely to decline as inventories continue to climb.


Week's Economic Calendar
Monday, April 26:
Treasury bill auction

Tuesday, April 27:
Housing 20 city Price Index
Consumer Confidence

Wednesday, April 28:
FOMC announcement
Crude inventories

Thursday, April 29
Unemployment claims

Friday, April 30:
GDP
Mich. Consumer Sentiment


Market Outlook April 26

The volume corrected NYSE index continues to be a few percent below the high that was first set in September of 2009. There is no valid transaction volume reported for the other indexes. Why does the SEC allow fictitious transaction volumes to be reported? We have computers today and truth can be easily published instead of Wall Street fabrications?

World Markets
Asian markets were up last night; Shanghai down -0.5%, Hong Kong up 1.6%, India up 0.3%, and Japan up 2.3%.

European markets are currently up in the range from 0.5% to 1.2 % this morning about half way through their day.

Today US pre-market futures are up 0.8% to 1% at 8:30 AM EST.

John P. Hussman, Ph.D. this week says:

"As of last week, our most comprehensive measure of market valuation reached a price-to-normalized earnings multiple of 19.1, exceeding the peaks of August 1987 (18.6) and December 1973 (18.3). Outside of the valuations achieved during the late 1990's bubble and the approach to the 2007 market peak, the only other historical observation exceeding the current level of valuation was the extreme of 20.1 reached just prior to the 1929 crash. The corollary to this level of rich valuation is that our projection for 10-year total returns for the S&P 500 is now just 5.3% annually. "

This week Sy Harding asks, "Are Major Financial Firms Manipulating the U.S. Market?"