Representative Charlie Rangle's corruption disgusts Americans. He said it was just an honest accidental $600,000 omission of income in one investment alone while he was a Congressman. Senator Dodd agreed not to run for office the moment his corruption investigation began. When will Obama go on trial? It cost Americans $2Million to get his legal clerk wife a salary of $375000 per year. Legal clerks usually get about $37500 per year but they gave her a big title.
We should take away Representative Charlie Rangle's American citizenship for being so disgusting in elected office.
Markets continue testing for possible breakout. Some consolidation is likely first,
Rotation going on from technology to more stable consumer staples seems to have stopped. Germany's unemployment rate fell for the first time in this recession. They are probably 6 months ahead of the USA.
China's markets recovered 11% thus far from June lows.
World Markets:
China markets stock recovered 11% thus far from June lows.
Corporations have cash but are also bulking up by selling corporate bonds to replace older more expensive debt at record low rates… allowing them to reduce the cost of their debt load. This will cause their income to rise substantially.
Corporate spending of their massive accumulated cash reserves is beginning to surge. That will come in two forms. Corporations that think they are undervalued will buy some corporate stock back. Secondly, corporations will upgrade their data processing to improve employee productivity. That will improve hiring and inject a lot of cash into the economy. Corporations had been sinks for cash all last year but will soon be a source of cash for economic expansion. That will more than make up for flat consumer spending and will in fact trickle down into consumer spending.
Good quarterly earnings reports came out and better reports will come. But fear of Obama National Socialism has people buying treasuries and not stocks. Socialist Obama and his socialist in Congress are feared to be attempting to make the Federal Government bigger than the private sector. It already employs more people than the top 500 corporations combined.
Economic Calendar
Last week
The world markets all rose handily last week.
Building Permits Jun rose to 586K from 574K. This is great! "GeneralElectric/MSNBC/Pravda lied again and said housing was disappointing! Nonsense, it was a 4% increase. Housing permits rose 4% in one month so future housing starts will be rising too at a similar rate!
Crude Inventories 07/17 dropped from 5M to 0.4M this week. Failed leftist Obama/Chavez energy policies are driving up energy costs to make loony left energy solutions look doable. All socialist spending on those Obama projects are pure corruption, as they will fail and no one will check latter to see how many of Obama's supporters and relatives took the money.
Leading Indicators in June declined because the socialists are killing the free markets with their indifference and incompetence. Does the new SEC chairman know what a PE ratio is. Obama didn't. Once the markets go up the index will go up because the stock market is part of the index.
This week:
New Home Sales Jun rose to 330K from 267K, up about 20% but still rising as summer gets under way. We don't need more new homes though even though it makes the economy look better.
Case-Shiller 20-city Index May improved 4.1% from 3.8%
Consumer Confidence Jul flat at 50.2 from 52.9
Durable Orders Jun declined 1% on top of 0.8% last month due to airplane sales decline
Durable Orders ex Transportation Jun declined 0.6%
Crude Inventories 07/24 jumped back to 7M…looks like manipulation of data going on
was not optimistic therefore rates stay low… i.e. good for economy
Yesterday
Initial Claims 07/24 dropped from 468K to 457K, still high.
Continuing Claims 07/17 Continuing claims rose to 4565K, they need to stop extending unemployment. It is now up to about 115 weeks.
Today
Jul 30 8:30 AM Chain Deflator-Adv. Q2
Jul 30 8:30 AM GDP-Adv. Q2
Jul 30 8:30 AM Chain Deflator-Adv. Q2
Jul 30 8:30 AM Employment Cost Index Q2
Jul 30 9:45 AM Chicago PMI Jul
Jul 30 9:55 AM U Michigan Sentiment - Final Jul
Market Outlook July 29, 2010
Testing on up side continues. A retraction of a few percent followed by a breakout next week is now more probable than a breakout this week.
The stock markets are approaching the 100-day moving average line where it needs to decide if it starts the next stage up or consolidates again. Recently each advance has shown improvement and each retraction has been weaker so upward momentum is building.
Fed Chairman Bernanke is pretty down when it comes to the economy. But we calibrated him and there is about an 85% chance that things get better when he is down on the economy.
Market volume has been uniformly very low since around the time Obama was elected. It could be that most investors are still disappointed and stunned by the speed at which Americans are losing freedoms with laws that are planned to go into effect after the socialists are thrown out so that the disaster will happen on the next watch when the taxes and redistribution of wealth go into effect. Then they will once again blame others for the problems they create. But the new Congress needs to show the socialists that their deceit will not work by first replacing the heads of the new social welfare offices and eliminating their support staff.
The cash infusion from corporations will soon let loose a bull market and a fresh expansion of the economy.
We expect a bigger rally to also follow if the corrupt socialists are voted out of office in November. Then Obama socialism can be stopped in its tracks. The imperatives are no new taxes, no new federal programs like Obamacare, and cut state and federal do-nothing jobs.
World Markets
Asian markets were down last night. Shanghai down -0.4%, Hong Kong down -0.3%, India down -0.7%, and Japan down -1.6%.
European markets are down in a range of about -0.4% to -0.6% this morning about half way through their day.
US pre-market futures are up at about 0.4% this morning.
Friday, July 30, 2010
Thursday, July 29, 2010
Obama did nothing to even try to plug the gushing security leaks of his administration.
Obama did nothing to even try to plug the gushing security leaks of his administration. He apparently seeks to destroy America from within.
Barney Frank, Christopher Dodd, and Obama are the most corrupt politicians this decade and they caused this recession. The first two forced banks to loan to people who had no means to repay their loans and that destroyed the derivatives market based on mortgages. Obama started the financial market panic by calling it a Great Depression during his campaign. These three people created the world's economic panic.
Obama administration incompetence continues to plaque the economy. Obama's socialist dream is for the USA to be more like Greece.
Markets are testing for possible breakout. Some consolidation is likely first,
Rotation going on from technology to more stable consumer staples does not bode well. But it could be what they call in basketball… a head fake to panic some investors.
Extremely low downside NYSE volume yesterday is a good sign. China's markets recovered 11% thus far from June lows.
World Markets:
China markets stock recovered 11% thus far from June lows.
Corporate spending of their massive accumulated cash reserves is beginning to surge. That will come in two forms. Corporations that think they are undervalued will buy some corporate stock back. Secondly, corporations will upgrade their data processing to improve employee productivity. That will improve hiring and inject a lot of cash into the economy. Corporations had been sinks for cash all last year but will soon be a source of cash for economic expansion. That will more than make up for flat consumer spending and will in fact trickle down into consumer spending.
Good quarterly earnings reports came out and better reports will come. But fear of Obama National Socialism has people buying treasuries and not stocks. Socialist Obama and his socialist in Congress are feared to be attempting to make the Federal Government bigger than the private sector. It already employs more people than the top 500 corporations combined.
Economic Calendar
Last week
The world markets all rose handily last week.
Building Permits Jun rose to 586K from 574K. This is great! "GeneralElectric/MSNBC/Pravda lied again and said housing was disappointing! Nonsense, it was a 4% increase. Housing permits rose 4% in one month so future housing starts will be rising too at a similar rate!
Crude Inventories 07/17 dropped from 5M to 0.4M this week. Failed leftist Obama/Chavez energy policies are driving up energy costs to make loony left energy solutions look doable. All socialist spending on those Obama projects are pure corruption, as they will fail and no one will check latter to see how many of Obama's supporters and relatives took the money.
Leading Indicators in June declined because the socialists are killing the free markets with their indifference and incompetence. Does the new SEC chairman know what a PE ratio is. Obama didn't. Once the markets go up the index will go up because the stock market is part of the index.
This week:
New Home Sales Jun rose to 330K from 267K, up about 20% but still rising as summer gets under way. We don't need more new homes though even though it makes the economy look better.
Case-Shiller 20-city Index May improved 4.1% from 3.8%
Consumer Confidence Jul flat at 50.2 from 52.9
Yesterday
Durable Orders Jun declined 1% on top of 0.8% last month due to airplane sales decline
Durable Orders ex Transportation Jun declined 0.6%
Crude Inventories 07/24 jumped back to 7M…looks like manipulation of data going on
was not optimistic therefore rates stay low… i.e. good for economy
Today
Jul 29 8:30 AM Initial Claims 07/24
Jul 29 8:30 AM Continuing Claims 07/17
Jul 29 2:00 PM FED's Beige Book Jul
Friday
Jul 30 8:30 AM Chain Deflator-Adv. Q2
Jul 30 8:30 AM GDP-Adv. Q2
Jul 30 8:30 AM Chain Deflator-Adv. Q2
Jul 30 8:30 AM Employment Cost Index Q2
Jul 30 9:45 AM Chicago PMI Jul
Jul 30 9:55 AM U Michigan Sentiment - Final Jul
Market Outlook July 29, 2010
Testing on up side continues. A retraction of a few percent followed by a breakout next week is now more probable than a breakout this week.
The stock markets are approaching the 100-day moving average line where it needs to decide if it starts the next stage up or consolidates again. Recently each advance has shown improvement and each retraction has been weaker so upward momentum is building.
Fed Chairman Bernanke is pretty down when it comes to the economy. But we calibrated him and there is about an 85% chance that things get better when he is down on the economy.
Market volume has been uniformly very low since around the time Obama was elected. It could be that most investors are still disappointed and stunned by the speed at which Americans are losing freedoms with laws that are planned to go into effect after the socialists are thrown out so that the disaster will happen on the next watch when the taxes and redistribution of wealth go into effect. Then they will once again blame others for the problems they create. But the new Congress needs to show the socialists that their deceit will not work by first replacing the heads of the new social welfare offices and eliminating their support staff.
The BP and the Asian market news continues positive except N. Korea said it might use a nuclear bomb blow up the naval war games the US and S Korea are doing.
The cash infusion from corporations will soon let loose a bull market and a fresh expansion of the economy.
We expect a bigger rally to also follow if the corrupt socialists are voted out of office in November. Then Obama socialism can be stopped in its tracks. The imperatives are no new taxes, no new federal programs like Obamacare, and cut state and federal do-nothing jobs.
World Markets
Asian markets were flat last night. Shanghai up 0.6%, Hong Kong up 0.1%, India up 0.2%, and Japan down -0.6%.
European markets are up in a range of about 0.4% to 0.7% this morning about half way through their day.
US pre-market futures are up at about 0.4% this morning.
Barney Frank, Christopher Dodd, and Obama are the most corrupt politicians this decade and they caused this recession. The first two forced banks to loan to people who had no means to repay their loans and that destroyed the derivatives market based on mortgages. Obama started the financial market panic by calling it a Great Depression during his campaign. These three people created the world's economic panic.
Obama administration incompetence continues to plaque the economy. Obama's socialist dream is for the USA to be more like Greece.
Markets are testing for possible breakout. Some consolidation is likely first,
Rotation going on from technology to more stable consumer staples does not bode well. But it could be what they call in basketball… a head fake to panic some investors.
Extremely low downside NYSE volume yesterday is a good sign. China's markets recovered 11% thus far from June lows.
World Markets:
China markets stock recovered 11% thus far from June lows.
Corporate spending of their massive accumulated cash reserves is beginning to surge. That will come in two forms. Corporations that think they are undervalued will buy some corporate stock back. Secondly, corporations will upgrade their data processing to improve employee productivity. That will improve hiring and inject a lot of cash into the economy. Corporations had been sinks for cash all last year but will soon be a source of cash for economic expansion. That will more than make up for flat consumer spending and will in fact trickle down into consumer spending.
Good quarterly earnings reports came out and better reports will come. But fear of Obama National Socialism has people buying treasuries and not stocks. Socialist Obama and his socialist in Congress are feared to be attempting to make the Federal Government bigger than the private sector. It already employs more people than the top 500 corporations combined.
Economic Calendar
Last week
The world markets all rose handily last week.
Building Permits Jun rose to 586K from 574K. This is great! "GeneralElectric/MSNBC/Pravda lied again and said housing was disappointing! Nonsense, it was a 4% increase. Housing permits rose 4% in one month so future housing starts will be rising too at a similar rate!
Crude Inventories 07/17 dropped from 5M to 0.4M this week. Failed leftist Obama/Chavez energy policies are driving up energy costs to make loony left energy solutions look doable. All socialist spending on those Obama projects are pure corruption, as they will fail and no one will check latter to see how many of Obama's supporters and relatives took the money.
Leading Indicators in June declined because the socialists are killing the free markets with their indifference and incompetence. Does the new SEC chairman know what a PE ratio is. Obama didn't. Once the markets go up the index will go up because the stock market is part of the index.
This week:
New Home Sales Jun rose to 330K from 267K, up about 20% but still rising as summer gets under way. We don't need more new homes though even though it makes the economy look better.
Case-Shiller 20-city Index May improved 4.1% from 3.8%
Consumer Confidence Jul flat at 50.2 from 52.9
Yesterday
Durable Orders Jun declined 1% on top of 0.8% last month due to airplane sales decline
Durable Orders ex Transportation Jun declined 0.6%
Crude Inventories 07/24 jumped back to 7M…looks like manipulation of data going on
was not optimistic therefore rates stay low… i.e. good for economy
Today
Jul 29 8:30 AM Initial Claims 07/24
Jul 29 8:30 AM Continuing Claims 07/17
Jul 29 2:00 PM FED's Beige Book Jul
Friday
Jul 30 8:30 AM Chain Deflator-Adv. Q2
Jul 30 8:30 AM GDP-Adv. Q2
Jul 30 8:30 AM Chain Deflator-Adv. Q2
Jul 30 8:30 AM Employment Cost Index Q2
Jul 30 9:45 AM Chicago PMI Jul
Jul 30 9:55 AM U Michigan Sentiment - Final Jul
Market Outlook July 29, 2010
Testing on up side continues. A retraction of a few percent followed by a breakout next week is now more probable than a breakout this week.
The stock markets are approaching the 100-day moving average line where it needs to decide if it starts the next stage up or consolidates again. Recently each advance has shown improvement and each retraction has been weaker so upward momentum is building.
Fed Chairman Bernanke is pretty down when it comes to the economy. But we calibrated him and there is about an 85% chance that things get better when he is down on the economy.
Market volume has been uniformly very low since around the time Obama was elected. It could be that most investors are still disappointed and stunned by the speed at which Americans are losing freedoms with laws that are planned to go into effect after the socialists are thrown out so that the disaster will happen on the next watch when the taxes and redistribution of wealth go into effect. Then they will once again blame others for the problems they create. But the new Congress needs to show the socialists that their deceit will not work by first replacing the heads of the new social welfare offices and eliminating their support staff.
The BP and the Asian market news continues positive except N. Korea said it might use a nuclear bomb blow up the naval war games the US and S Korea are doing.
The cash infusion from corporations will soon let loose a bull market and a fresh expansion of the economy.
We expect a bigger rally to also follow if the corrupt socialists are voted out of office in November. Then Obama socialism can be stopped in its tracks. The imperatives are no new taxes, no new federal programs like Obamacare, and cut state and federal do-nothing jobs.
World Markets
Asian markets were flat last night. Shanghai up 0.6%, Hong Kong up 0.1%, India up 0.2%, and Japan down -0.6%.
European markets are up in a range of about 0.4% to 0.7% this morning about half way through their day.
US pre-market futures are up at about 0.4% this morning.
Tuesday, July 27, 2010
Today Oklahoma begins to take control away from the Mexican drug cartel's invasion of America that the socialists support.
Today Oklahoma begins to take control away from the Mexican drug cartel's invasion of America that the socialists support.
Under socialist governments cartel drugs are legal. The leftists make a fortune selling marijuana in California and what it legalized across America. It was legal and very destructive until outlawed in 1914 in America. The Chinese threw out the British particularly because the British were selling drugs in China until the Boxer Rebellion. The whole world and we tried legalized drugs for 2000yrs and it did not work so it was mad illegal in most of the civilized world 100 years ago.
World Markets:
Corporate spending of their massive accumulated cash reserves is beginning to surge. That will come in two forms. Corporations that think they are undervalued will buy some corporate stock back. Secondly, corporations will upgrade their data processing to improve employee productivity. That will improve hiring and inject a lot of cash into the economy. Corporations had been sinks for cash all last year but will soon be a source of cash for economic expansion. That will more than make up for flat consumer spending and will in fact trickle down into consumer spending.
Good quarterly earnings reports came out and better reports will come. But fear of Obama National Socialism has people buying treasuries and not stocks. Socialist Obama and his socialist in Congress are feared to be attempting to make the Federal Government bigger than the private sector. It already employs more people than the top 500 corporations combined.
Economic Calendar
Last week
The world markets all rose handily last week.
Building Permits Jun rose to 586K from 574K. This is great! "GeneralElectric/MSNBC/Pravda lied again and said housing was disappointing! Nonsense, it was a 4% increase. Housing permits rose 4% in one month so future housing starts will be rising too at a similar rate!
Crude Inventories 07/17 dropped from 5M to 0.4M this week. Failed leftist Obama/Chavez energy policies are driving up energy costs to make loony left energy solutions look doable. All socialist spending on those Obama projects are pure corruption, as they will fail and no one will check latter to see how many of Obama's supporters and relatives took the money.
Continuing Unemployment Claims went down because the extension of benefits was delayed by Democrats who have the votes to do whatever Obama wants.
Leading Indicators in June declined because the socialists are killing the free markets with their indifference and incompetence. Does the new SEC chairman know what a PE ratio is. Obama didn't. Once the markets go up the index will go up because the stock market is part of the index.
New Home Sales Jun rose to 330K from 267K, up about 20% but still rising as summer gets under way. We don't need more new homes though even though it makes the economy look better.
This week:
Jul 27 9:00 AM Case-Shiller 20-city Index May
Jul 27 10:00 AM Consumer Confidence Jul
Jul 28 8:30 AM Durable Orders Jun
Jul 28 8:30 AM Durable Orders ex Transportation Jun
Jul 28 10:30 AM Crude Inventories 07/24
Jul 28 2:00 PM FED's Beige Book Jul
Jul 29 8:30 AM Initial Claims 07/24
Jul 29 8:30 AM Continuing Claims 07/17
Jul 29 2:00 PM FED's Beige Book Jul
Jul 30 8:30 AM Chain Deflator-Adv. Q2
Jul 30 8:30 AM GDP-Adv. Q2
Jul 30 8:30 AM Chain Deflator-Adv. Q2
Jul 30 8:30 AM Employment Cost Index Q2
Jul 30 9:45 AM Chicago PMI Jul
Jul 30 9:55 AM U Michigan Sentiment - Final Jul
Market Outlook July 27, 2010
The stock markets are approaching the 100-day moving average line where it needs to decide if it starts the next stage up or consolidates again. Recently each advance has shown improvement and each retraction has been weaker so upward momentum is building.
Fed Chairman Bernanke is pretty down when it comes to the economy. But we calibrated him and there is about a 85% chance that things get better when he is down on the economy.
Market volume has been uniformly very low since around the time Obama was elected. It could be that most investors are still disappointed and stunned by the speed at which Americans are losing freedoms with laws that are planned to go into effect after the socialists are thrown out so that the disaster will happen on the next watch when the taxes and redistribution of wealth go into effect. Then they will once again blame others for the problems they create. But the new Congress needs to show the socialists that their deceit will not work by first replacing the heads of the new social welfare offices and eliminating their support staff.
The BP and the Asian market news continues positive except N. Korea said it might use a nuclear bomb blow up the naval war games the US and S Korea are doing.
Congressional socialists are beginning to talk like they will campaign against Obama's new taxes in hopes Americans are gullible. Congressional democrats are beginning to and investors already realize that the Obama taxes that kick in January 2011 will cause an Obama Great Depression. Bernacke knows it and Congress is beginning to realize how smart Reagan and Bush were. The real problem is that government is much too big. They could start solving the problem by firing all the racist and class conscious government workers and then all the incompetent and surly ones who think we owe them a living.
Next they can cut the unemployment benefits so all the currently unemployable state and federal workers take minimum wage jobs… or as the first Pilgrims and Mao said, "If you don't work you don't eat."
That then solves the illegal immigrant problem because now all the leftist incompetent former government employees will take the jobs back from the Illegal immigrants so that the illegal immigrants can go back home.
Today the illegals come in, claim they work real hard for a year, get amnesty and go on welfare or get a government job just as if they were living in Portugal, Iceland, Greece, or Spain (PIGS). That is where the term PIGS originates.
Obama used his control of Congress to force socialism down the throats of Congress and the American people. Americans would have rioted if he had made the legislation effective immediately. But he obviously thinks Americans are too stupid to notice that the socialism kicks in a few months after the November elections. He knows his centrist national socialist bandwagon type propaganda deceived the electorate and got him elected and he thinks he can fool Americans again. But intelligent Americans know, "Fool me once, you're bad. Fool me twice, I'm stupid."
The cash infusion from corporations will soon let loose a bull market and a fresh expansion of the economy.
We expect a bigger rally to also follow if the corrupt socialists are voted out of office in November. Then Obama socialism can be stopped in its tracks. The imperatives are no new taxes, no new federal programs like Obamacare, and cut state and federal do-nothing jobs.
World Markets
Asian markets were flat last night. Shanghai down -0.5%, Hong Kong up 0.6%, India up-0.3%, and Japan down -0.1%.
European markets are up in a range of about 2% to 0.5% this morning about half way through their day.
US pre-market futures are up at about 0.4% this morning.
Under socialist governments cartel drugs are legal. The leftists make a fortune selling marijuana in California and what it legalized across America. It was legal and very destructive until outlawed in 1914 in America. The Chinese threw out the British particularly because the British were selling drugs in China until the Boxer Rebellion. The whole world and we tried legalized drugs for 2000yrs and it did not work so it was mad illegal in most of the civilized world 100 years ago.
World Markets:
Corporate spending of their massive accumulated cash reserves is beginning to surge. That will come in two forms. Corporations that think they are undervalued will buy some corporate stock back. Secondly, corporations will upgrade their data processing to improve employee productivity. That will improve hiring and inject a lot of cash into the economy. Corporations had been sinks for cash all last year but will soon be a source of cash for economic expansion. That will more than make up for flat consumer spending and will in fact trickle down into consumer spending.
Good quarterly earnings reports came out and better reports will come. But fear of Obama National Socialism has people buying treasuries and not stocks. Socialist Obama and his socialist in Congress are feared to be attempting to make the Federal Government bigger than the private sector. It already employs more people than the top 500 corporations combined.
Economic Calendar
Last week
The world markets all rose handily last week.
Building Permits Jun rose to 586K from 574K. This is great! "GeneralElectric/MSNBC/Pravda lied again and said housing was disappointing! Nonsense, it was a 4% increase. Housing permits rose 4% in one month so future housing starts will be rising too at a similar rate!
Crude Inventories 07/17 dropped from 5M to 0.4M this week. Failed leftist Obama/Chavez energy policies are driving up energy costs to make loony left energy solutions look doable. All socialist spending on those Obama projects are pure corruption, as they will fail and no one will check latter to see how many of Obama's supporters and relatives took the money.
Continuing Unemployment Claims went down because the extension of benefits was delayed by Democrats who have the votes to do whatever Obama wants.
Leading Indicators in June declined because the socialists are killing the free markets with their indifference and incompetence. Does the new SEC chairman know what a PE ratio is. Obama didn't. Once the markets go up the index will go up because the stock market is part of the index.
New Home Sales Jun rose to 330K from 267K, up about 20% but still rising as summer gets under way. We don't need more new homes though even though it makes the economy look better.
This week:
Jul 27 9:00 AM Case-Shiller 20-city Index May
Jul 27 10:00 AM Consumer Confidence Jul
Jul 28 8:30 AM Durable Orders Jun
Jul 28 8:30 AM Durable Orders ex Transportation Jun
Jul 28 10:30 AM Crude Inventories 07/24
Jul 28 2:00 PM FED's Beige Book Jul
Jul 29 8:30 AM Initial Claims 07/24
Jul 29 8:30 AM Continuing Claims 07/17
Jul 29 2:00 PM FED's Beige Book Jul
Jul 30 8:30 AM Chain Deflator-Adv. Q2
Jul 30 8:30 AM GDP-Adv. Q2
Jul 30 8:30 AM Chain Deflator-Adv. Q2
Jul 30 8:30 AM Employment Cost Index Q2
Jul 30 9:45 AM Chicago PMI Jul
Jul 30 9:55 AM U Michigan Sentiment - Final Jul
Market Outlook July 27, 2010
The stock markets are approaching the 100-day moving average line where it needs to decide if it starts the next stage up or consolidates again. Recently each advance has shown improvement and each retraction has been weaker so upward momentum is building.
Fed Chairman Bernanke is pretty down when it comes to the economy. But we calibrated him and there is about a 85% chance that things get better when he is down on the economy.
Market volume has been uniformly very low since around the time Obama was elected. It could be that most investors are still disappointed and stunned by the speed at which Americans are losing freedoms with laws that are planned to go into effect after the socialists are thrown out so that the disaster will happen on the next watch when the taxes and redistribution of wealth go into effect. Then they will once again blame others for the problems they create. But the new Congress needs to show the socialists that their deceit will not work by first replacing the heads of the new social welfare offices and eliminating their support staff.
The BP and the Asian market news continues positive except N. Korea said it might use a nuclear bomb blow up the naval war games the US and S Korea are doing.
Congressional socialists are beginning to talk like they will campaign against Obama's new taxes in hopes Americans are gullible. Congressional democrats are beginning to and investors already realize that the Obama taxes that kick in January 2011 will cause an Obama Great Depression. Bernacke knows it and Congress is beginning to realize how smart Reagan and Bush were. The real problem is that government is much too big. They could start solving the problem by firing all the racist and class conscious government workers and then all the incompetent and surly ones who think we owe them a living.
Next they can cut the unemployment benefits so all the currently unemployable state and federal workers take minimum wage jobs… or as the first Pilgrims and Mao said, "If you don't work you don't eat."
That then solves the illegal immigrant problem because now all the leftist incompetent former government employees will take the jobs back from the Illegal immigrants so that the illegal immigrants can go back home.
Today the illegals come in, claim they work real hard for a year, get amnesty and go on welfare or get a government job just as if they were living in Portugal, Iceland, Greece, or Spain (PIGS). That is where the term PIGS originates.
Obama used his control of Congress to force socialism down the throats of Congress and the American people. Americans would have rioted if he had made the legislation effective immediately. But he obviously thinks Americans are too stupid to notice that the socialism kicks in a few months after the November elections. He knows his centrist national socialist bandwagon type propaganda deceived the electorate and got him elected and he thinks he can fool Americans again. But intelligent Americans know, "Fool me once, you're bad. Fool me twice, I'm stupid."
The cash infusion from corporations will soon let loose a bull market and a fresh expansion of the economy.
We expect a bigger rally to also follow if the corrupt socialists are voted out of office in November. Then Obama socialism can be stopped in its tracks. The imperatives are no new taxes, no new federal programs like Obamacare, and cut state and federal do-nothing jobs.
World Markets
Asian markets were flat last night. Shanghai down -0.5%, Hong Kong up 0.6%, India up-0.3%, and Japan down -0.1%.
European markets are up in a range of about 2% to 0.5% this morning about half way through their day.
US pre-market futures are up at about 0.4% this morning.
Monday, July 26, 2010
It is said that Obama now refuses to go to Arizona…because they now require proof of citizenship.
It is said that Obama now refuses to go to Arizona…
because they now require proof of citizenship.
Rangle is still refusing to step down like Senator Dodd did for accepting gifts from those their corrupt Senate Banking Commission regulated. That happened back when they were forcing banks to "not ask questions" so that people could get no-money-down mortgages for beautiful California homes now boarded up and gutted by the owners who needed cash.
World Markets:
Corporate spending of their massive accumulated cash reserves is beginning to surge. That will come in two forms. Corporations that think they are undervalued will buy some corporate stock back. Secondly, corporations will upgrade their data processing to improve employee productivity. That will improve hiring and inject a lot of cash into the economy. Corporations had been sinks for cash all last year but will soon be a source of cash for economic expansion. That will more than make up for flat consumer spending and will in fact trickle down into consumer spending.
Good quarterly earnings reports came out and better reports will come. But fear of Obama National Socialism has people buying treasuries and not stocks. Socialist Obama and his socialist in Congress are feared to be attempting to make the Federal Government bigger than the private sector. It already employs more people than the top 500 corporations combined.
Economic Calendar
Last week
The world markets all rose handily last week.
Building Permits Jun rose to 586K from 574K. This is great! "GeneralElectric/MSNBC/Pravda lied again and said housing was disappointing! Nonsense, it was a 4% increase. Housing permits rose 4% in one month so future housing starts will be rising too at a similar rate!
Crude Inventories 07/17 dropped from 5M to 0.4M this week. Failed leftist Obama/Chavez energy policies are driving up energy costs to make loony left energy solutions look doable. All socialist spending on those Obama projects are pure corruption, as they will fail and no one will check latter to see how many of Obama's supporters and relatives took the money.
Continuing Unemployment Claims went down because the extension of benefits was delayed by Democrats who have the votes to do whatever Obama wants.
Leading Indicators in June declined because the socialists are killing the free markets with their indifference and incompetence. Does the new SEC chairman know what a PE ratio is. Obama didn't. Once the markets go up the index will go up because the stock market is part of the index.
This week:
Jul 26 10:00 AM New Home Sales Jun
Jul 27 9:00 AM Case-Shiller 20-city Index May
Jul 27 10:00 AM Consumer Confidence Jul
Jul 28 8:30 AM Durable Orders Jun
Jul 28 8:30 AM Durable Orders ex Transportation Jun
Jul 28 10:30 AM Crude Inventories 07/24
Jul 28 2:00 PM FED's Beige Book Jul
Jul 29 8:30 AM Initial Claims 07/24
Jul 29 8:30 AM Continuing Claims 07/17
Jul 29 2:00 PM FED's Beige Book Jul
Jul 30 8:30 AM Chain Deflator-Adv. Q2
Jul 30 8:30 AM GDP-Adv. Q2
Jul 30 8:30 AM Chain Deflator-Adv. Q2
Jul 30 8:30 AM Employment Cost Index Q2
Jul 30 9:45 AM Chicago PMI Jul
Jul 30 9:55 AM U Michigan Sentiment - Final Jul
Market Outlook July 26, 2010
The BP and the Asian market news continues positive except N. Korea said it might use a nuclear bomb blow up the naval war games the US and S Korea are doing.
The cash infusion from corporations will soon let loose a bull market and a fresh expansion of the economy.
World Markets
Asian markets were up again last night. Shanghai up 0.7%, Hong Kong up 0.1%, India down -0.6%, and Japan up 0.8%.
European markets are flat in a range of about 0% to 0.3% this morning about half way through their day.
US pre-market futures are flat at about -0.2% this morning.
because they now require proof of citizenship.
Rangle is still refusing to step down like Senator Dodd did for accepting gifts from those their corrupt Senate Banking Commission regulated. That happened back when they were forcing banks to "not ask questions" so that people could get no-money-down mortgages for beautiful California homes now boarded up and gutted by the owners who needed cash.
World Markets:
Corporate spending of their massive accumulated cash reserves is beginning to surge. That will come in two forms. Corporations that think they are undervalued will buy some corporate stock back. Secondly, corporations will upgrade their data processing to improve employee productivity. That will improve hiring and inject a lot of cash into the economy. Corporations had been sinks for cash all last year but will soon be a source of cash for economic expansion. That will more than make up for flat consumer spending and will in fact trickle down into consumer spending.
Good quarterly earnings reports came out and better reports will come. But fear of Obama National Socialism has people buying treasuries and not stocks. Socialist Obama and his socialist in Congress are feared to be attempting to make the Federal Government bigger than the private sector. It already employs more people than the top 500 corporations combined.
Economic Calendar
Last week
The world markets all rose handily last week.
Building Permits Jun rose to 586K from 574K. This is great! "GeneralElectric/MSNBC/Pravda lied again and said housing was disappointing! Nonsense, it was a 4% increase. Housing permits rose 4% in one month so future housing starts will be rising too at a similar rate!
Crude Inventories 07/17 dropped from 5M to 0.4M this week. Failed leftist Obama/Chavez energy policies are driving up energy costs to make loony left energy solutions look doable. All socialist spending on those Obama projects are pure corruption, as they will fail and no one will check latter to see how many of Obama's supporters and relatives took the money.
Continuing Unemployment Claims went down because the extension of benefits was delayed by Democrats who have the votes to do whatever Obama wants.
Leading Indicators in June declined because the socialists are killing the free markets with their indifference and incompetence. Does the new SEC chairman know what a PE ratio is. Obama didn't. Once the markets go up the index will go up because the stock market is part of the index.
This week:
Jul 26 10:00 AM New Home Sales Jun
Jul 27 9:00 AM Case-Shiller 20-city Index May
Jul 27 10:00 AM Consumer Confidence Jul
Jul 28 8:30 AM Durable Orders Jun
Jul 28 8:30 AM Durable Orders ex Transportation Jun
Jul 28 10:30 AM Crude Inventories 07/24
Jul 28 2:00 PM FED's Beige Book Jul
Jul 29 8:30 AM Initial Claims 07/24
Jul 29 8:30 AM Continuing Claims 07/17
Jul 29 2:00 PM FED's Beige Book Jul
Jul 30 8:30 AM Chain Deflator-Adv. Q2
Jul 30 8:30 AM GDP-Adv. Q2
Jul 30 8:30 AM Chain Deflator-Adv. Q2
Jul 30 8:30 AM Employment Cost Index Q2
Jul 30 9:45 AM Chicago PMI Jul
Jul 30 9:55 AM U Michigan Sentiment - Final Jul
Market Outlook July 26, 2010
The BP and the Asian market news continues positive except N. Korea said it might use a nuclear bomb blow up the naval war games the US and S Korea are doing.
The cash infusion from corporations will soon let loose a bull market and a fresh expansion of the economy.
World Markets
Asian markets were up again last night. Shanghai up 0.7%, Hong Kong up 0.1%, India down -0.6%, and Japan up 0.8%.
European markets are flat in a range of about 0% to 0.3% this morning about half way through their day.
US pre-market futures are flat at about -0.2% this morning.
Friday, July 16, 2010
Obama deficit already eclipsed Bush's eight year two term deficit.
Obama deficit already eclipsed Bush's eight year two term deficit. But Obama continues blame others.
Obama complained about the Bush deficit needed to end the Clinton DotCom implosion-recession of year 2000. After whining for three years Obama is running a "sovereign Debt" deficit four times higher the Bush's highest deficit and ten time higher than Bush's average deficit. Obama deficit already eclipsed Bush's eight year two term deficit.
Good quarterly earnings reports are expected now.
World Markets:
The reports do not indicate a declining economy but rather a slower growth rate.
Economic Calendar
Last week
The US markets bounced about 6% and world markets rose about 4.5%. It was a good week and did you notice that Jim Cramer was on vacation. Let's hope he takes off this week too.
Even "GE/MSNBC/Pravda/Mein-Kampf" seems to be starting to distance itself from Obama lately. Americans need to vote all the bums out.
This week
Trade Balance May exports rose 2.4 per cent to 152.3-billion (U.S.). Imports rose even more, pushing the trade deficit to $42.3-billion – the largest gap in nearly two years. The U.S. hasn’t run a trade surplus on an annual basis since the 1970s, partly due to a dependence on foreign oil imports. The China surplus indicates China can let the dollar depreciate further because China is strong and Better worldwide trade would help world recovery and future Chinese growth.
Treasury Budget Jun: The U.S. government ran a budget deficit of $68 billion in June, the Treasury Department reported Tuesday, and said that the deficit was a little more than $1 trillion for the first nine months of fiscal year 2010.
Income was $251 billion in June, the Treasury said, about $36 billion higher than receipts in June 2009, due largely to a 39% increase in corporate tax receipts. Spending was $319 billion in June, versus $309 billion a year ago.
The monthly deficit is the 21st consecutive budget shortfall but is well below the year-ago figure of $94 billion.
As many as 2.5 million workers will have been cut off by the end of this week as a result of inaction by Congress, according to the National Employment Law Project.
Retail Sales declined -0.5% after declining at a -2% rate last month. Good, not as deflationary.
Retail Sales ex-auto Jun declined -0.1 % also good, not as deflationary.
Export Prices ex-ag. Jun declined -0.2% after increasing 0.5% last month. Good, more competitive
Import Prices ex-oil Jun decreased -0.6%. Not good, both non-competitive and deflationary.
Business Inventories for May increased 0.1% vs 0.4% last month. Good, inventory build-up slowed.
Crude Inventories 07/10 Declined another 5M this week. Oil prices will rise as Americans travel more at home.
Minutes of FOMC Meeting. Rates are being held as inflation has not ignited. This is getting dangerous and unstable. The FED must soon raise rates and ignite some inflation to begin consuming the dangerous deficit Obama is running.
Initial Claims 07/10declined to 429K from 458K. Good, layoffs are declining.
Continuing Claims 07/03 increased to 4681K from 4413K. Bad, Obama stimulus is not creating any jobs yet and probably never will. Dump Obama socialists!
PPI Jun - declined 0.5% on top of the decline 0f 0.3% last month. Probably due to low energy prices this past month.
Core PPI Jun increased 0.1% after a 0.2% increase last month. A little more inflation is good at this point.
NY Fed - Empire Manufacturing Index July- slowed to 5.08 from 19.57 indicating slower expansion in manufacturing as inventories get back to normal. This is normal recovery.
Industrial Production Jun slowed to 0.1% from 1.3% and again normal as inventory builds.
Capacity Utilization Jun held constant at 74.1% confirming stabilization as inventories approach normal levels again.
Philadelphia Fed Jul 5.1 down from 8 further confirmation of production stabilized.
Today to come:
Jul 16 8:30 AM Core CPI Jun
Jul 16 8:30 AM CPI Jun -
Jul 16 9:00 AM Net long-term TIC Flows Apr -
Jul 16 9:55 AM Mich. Sentiment Jul
Market Outlook July 16, 2010
The Chinese have been reading this blog for some time and I have figured out how to translate so of what they have said in their comments. It was positive and reads like Confucius' sayings.
As you know two months ago we predicted the market would top about now. The market topped shortly after our prediction instead of waiting as we expected. The top was early and mistaken because it was an incorrect double-dip conclusion that has not materialized. But we predicted a top about now because the Obama tax increase begins in January and that is in six months.
If the market is going to advance this year it needs to break out on the upside soon. But summer is always slow and this year Americans are driving more and exploring America. More vacations than normal are occurring in summer this year.
World Markets
Asian markets were cautious last night. Shanghai flat -0%, Hong Kong flat -0%, India up 0.3%, and Japan down -2.9%.
European markets are up in a range of about 0.2% to 1% this morning about half way through their day.
US pre-market futures are flat this morning again.
Obama complained about the Bush deficit needed to end the Clinton DotCom implosion-recession of year 2000. After whining for three years Obama is running a "sovereign Debt" deficit four times higher the Bush's highest deficit and ten time higher than Bush's average deficit. Obama deficit already eclipsed Bush's eight year two term deficit.
Good quarterly earnings reports are expected now.
World Markets:
The reports do not indicate a declining economy but rather a slower growth rate.
Economic Calendar
Last week
The US markets bounced about 6% and world markets rose about 4.5%. It was a good week and did you notice that Jim Cramer was on vacation. Let's hope he takes off this week too.
Even "GE/MSNBC/Pravda/Mein-Kampf" seems to be starting to distance itself from Obama lately. Americans need to vote all the bums out.
This week
Trade Balance May exports rose 2.4 per cent to 152.3-billion (U.S.). Imports rose even more, pushing the trade deficit to $42.3-billion – the largest gap in nearly two years. The U.S. hasn’t run a trade surplus on an annual basis since the 1970s, partly due to a dependence on foreign oil imports. The China surplus indicates China can let the dollar depreciate further because China is strong and Better worldwide trade would help world recovery and future Chinese growth.
Treasury Budget Jun: The U.S. government ran a budget deficit of $68 billion in June, the Treasury Department reported Tuesday, and said that the deficit was a little more than $1 trillion for the first nine months of fiscal year 2010.
Income was $251 billion in June, the Treasury said, about $36 billion higher than receipts in June 2009, due largely to a 39% increase in corporate tax receipts. Spending was $319 billion in June, versus $309 billion a year ago.
The monthly deficit is the 21st consecutive budget shortfall but is well below the year-ago figure of $94 billion.
As many as 2.5 million workers will have been cut off by the end of this week as a result of inaction by Congress, according to the National Employment Law Project.
Retail Sales declined -0.5% after declining at a -2% rate last month. Good, not as deflationary.
Retail Sales ex-auto Jun declined -0.1 % also good, not as deflationary.
Export Prices ex-ag. Jun declined -0.2% after increasing 0.5% last month. Good, more competitive
Import Prices ex-oil Jun decreased -0.6%. Not good, both non-competitive and deflationary.
Business Inventories for May increased 0.1% vs 0.4% last month. Good, inventory build-up slowed.
Crude Inventories 07/10 Declined another 5M this week. Oil prices will rise as Americans travel more at home.
Minutes of FOMC Meeting. Rates are being held as inflation has not ignited. This is getting dangerous and unstable. The FED must soon raise rates and ignite some inflation to begin consuming the dangerous deficit Obama is running.
Initial Claims 07/10declined to 429K from 458K. Good, layoffs are declining.
Continuing Claims 07/03 increased to 4681K from 4413K. Bad, Obama stimulus is not creating any jobs yet and probably never will. Dump Obama socialists!
PPI Jun - declined 0.5% on top of the decline 0f 0.3% last month. Probably due to low energy prices this past month.
Core PPI Jun increased 0.1% after a 0.2% increase last month. A little more inflation is good at this point.
NY Fed - Empire Manufacturing Index July- slowed to 5.08 from 19.57 indicating slower expansion in manufacturing as inventories get back to normal. This is normal recovery.
Industrial Production Jun slowed to 0.1% from 1.3% and again normal as inventory builds.
Capacity Utilization Jun held constant at 74.1% confirming stabilization as inventories approach normal levels again.
Philadelphia Fed Jul 5.1 down from 8 further confirmation of production stabilized.
Today to come:
Jul 16 8:30 AM Core CPI Jun
Jul 16 8:30 AM CPI Jun -
Jul 16 9:00 AM Net long-term TIC Flows Apr -
Jul 16 9:55 AM Mich. Sentiment Jul
Market Outlook July 16, 2010
The Chinese have been reading this blog for some time and I have figured out how to translate so of what they have said in their comments. It was positive and reads like Confucius' sayings.
As you know two months ago we predicted the market would top about now. The market topped shortly after our prediction instead of waiting as we expected. The top was early and mistaken because it was an incorrect double-dip conclusion that has not materialized. But we predicted a top about now because the Obama tax increase begins in January and that is in six months.
If the market is going to advance this year it needs to break out on the upside soon. But summer is always slow and this year Americans are driving more and exploring America. More vacations than normal are occurring in summer this year.
World Markets
Asian markets were cautious last night. Shanghai flat -0%, Hong Kong flat -0%, India up 0.3%, and Japan down -2.9%.
European markets are up in a range of about 0.2% to 1% this morning about half way through their day.
US pre-market futures are flat this morning again.
Tuesday, July 13, 2010
US Corporate tax receipts rose 39% in June
US Corporate tax receipts rose 39% in June
Good quarterly earnings reports are expected now.
World Markets:
Got in two days so far this week.
We expect generally a good week for the world equities markets. The reports do not indicate a declining economy but rather a slower growth rate.
Economic Calendar
Last week
The US markets bounced about 6% and world markets rose about 4.5%. It was a good week and did you notice that Jim Cramer was on vacation. Let's hope he takes off this week too.
Wholesale Inventories May up 0.1%… virtually unchanged… good
This week
Trade Balance MayExports rose 2.4 per cent to 152.3-billion (U.S.). Imports rose even more, pushing the trade deficit to $42.3-billion – the largest gap in nearly two years. The U.S. hasn’t run a trade surplus on an annual basis since the 1970s, partly due to a dependence on foreign oil imports. The China surplus indicates China can let the dollar depreciate further because China is strong and Better world wide trade would help world recovery and future Chinese growth.
Treasury Budget Jun: The U.S. government ran a budget deficit of $68 billion in June, the Treasury Department reported Tuesday, and said that the deficit was a little more than $1 trillion for the first nine months of fiscal year 2010.
Income was $251 billion in June, the Treasury said, about $36 billion higher than receipts in June 2009, due largely to a 39% increase in corporate tax receipts. Spending was $319 billion in June, versus $309 billion a year ago.
The monthly deficit is the 21st consecutive budget shortfall but is well below the year-ago figure of $94 billion.
As many as 2.5 million workers will have been cut off by the end of this week as a result of inaction by Congress, according to the National Employment Law Project.
Jul 14 8:30 AM Retail Sales
Jul 14 8:30 AM Retail Sales ex-auto Jun
Jul 14 8:30 AM Export Prices ex-ag. Jun
Jul 14 8:30 AM Import Prices ex-oil Jun
Jul 14 10:00 AM Business Inventories May
Jul 14 10:30 AM Crude Inventories 07/10
Jul 14 2:00 PM Minutes of FOMC Meeting
Jul 15 8:30 AM Initial Claims 07/10
Jul 15 8:30 AM Continuing Claims 07/03
Jul 15 8:30 AM PPI Jun -
Jul 15 8:30 AM Core PPI Jun
Jul 15 8:30 AM NY Fed - Empire Manufacturing Index July-
Jul 15 9:15 AM Industrial Production Jun
Jul 15 9:15 AM Capacity Utilization Jun - -
Jul 15 10:00 AM Philadelphia Fed Jul
Jul 16 8:30 AM Core CPI Jun
Jul 16 8:30 AM CPI Jun -
Jul 16 9:00 AM Net Long-Term TIC Flows Apr -
Jul 16 9:55 AM Mich Sentiment Jul
Market Outlook July 14, 2010
The advance continued on Tuesday. We expect markets to continue strengthening this week.
Sorry, I just discovered that the Chinese have been reading this blog for some time. Now I have to figure out how to translate what they have said in their comments.
Be back Friday
Good quarterly earnings reports are expected now.
World Markets:
Got in two days so far this week.
We expect generally a good week for the world equities markets. The reports do not indicate a declining economy but rather a slower growth rate.
Economic Calendar
Last week
The US markets bounced about 6% and world markets rose about 4.5%. It was a good week and did you notice that Jim Cramer was on vacation. Let's hope he takes off this week too.
Wholesale Inventories May up 0.1%… virtually unchanged… good
This week
Trade Balance MayExports rose 2.4 per cent to 152.3-billion (U.S.). Imports rose even more, pushing the trade deficit to $42.3-billion – the largest gap in nearly two years. The U.S. hasn’t run a trade surplus on an annual basis since the 1970s, partly due to a dependence on foreign oil imports. The China surplus indicates China can let the dollar depreciate further because China is strong and Better world wide trade would help world recovery and future Chinese growth.
Treasury Budget Jun: The U.S. government ran a budget deficit of $68 billion in June, the Treasury Department reported Tuesday, and said that the deficit was a little more than $1 trillion for the first nine months of fiscal year 2010.
Income was $251 billion in June, the Treasury said, about $36 billion higher than receipts in June 2009, due largely to a 39% increase in corporate tax receipts. Spending was $319 billion in June, versus $309 billion a year ago.
The monthly deficit is the 21st consecutive budget shortfall but is well below the year-ago figure of $94 billion.
As many as 2.5 million workers will have been cut off by the end of this week as a result of inaction by Congress, according to the National Employment Law Project.
Jul 14 8:30 AM Retail Sales
Jul 14 8:30 AM Retail Sales ex-auto Jun
Jul 14 8:30 AM Export Prices ex-ag. Jun
Jul 14 8:30 AM Import Prices ex-oil Jun
Jul 14 10:00 AM Business Inventories May
Jul 14 10:30 AM Crude Inventories 07/10
Jul 14 2:00 PM Minutes of FOMC Meeting
Jul 15 8:30 AM Initial Claims 07/10
Jul 15 8:30 AM Continuing Claims 07/03
Jul 15 8:30 AM PPI Jun -
Jul 15 8:30 AM Core PPI Jun
Jul 15 8:30 AM NY Fed - Empire Manufacturing Index July-
Jul 15 9:15 AM Industrial Production Jun
Jul 15 9:15 AM Capacity Utilization Jun - -
Jul 15 10:00 AM Philadelphia Fed Jul
Jul 16 8:30 AM Core CPI Jun
Jul 16 8:30 AM CPI Jun -
Jul 16 9:00 AM Net Long-Term TIC Flows Apr -
Jul 16 9:55 AM Mich Sentiment Jul
Market Outlook July 14, 2010
The advance continued on Tuesday. We expect markets to continue strengthening this week.
Sorry, I just discovered that the Chinese have been reading this blog for some time. Now I have to figure out how to translate what they have said in their comments.
Be back Friday
Saturday, July 10, 2010
Obama, "I guess I underestimated the selfishness of some of my fellow Americans."
Obama, "I guess I underestimated the selfishness of some of my fellow Americans."
Obama said, "Look, it's an all volunteer force," Obama complained. "Nobody made these guys go to war. They had to have known and accepted the risks. Now they whine about bearing the costs of their choice? It doesn't compute.." "I thought these were people who were proud to sacrifice for their country, "Obama continued "I wasn't asking for blood, just money. With the country facing the worst financial crisis in its history, I'd have thought that the patriotic thing to do would be to try to help reduce the nation's deficit. I guess I underestimated the selfishness of some of my fellow Americans."
After bad press, including major mockery of the plan by comedian Jon Stewart, led to President Obama abandoning his proposal to require veterans carry private health insurance to cover the estimated $540 million annual cost to the federal government of treatment for injuries to military personnel received during their tours on active duty. The President admitted that he was puzzled by the magnitude of the opposition to his proposal. After all these funds were needed to cover ACORN activism, GM union pensions, all those welfare kids required so welfare mothers can have plasma TVs and eat steak while… oh yes, the active soldiers get food stamps because they can't afford to live on their pay. If that is Obama's definition of selfishness then Obama is one sick puppy!
World Markets:
This week we will take off a few days. We expect generally a good week for the equities markets. The indicators should not indicate a declining economy but rather a slower growth rate.
Economic Calendar
Last week
The US markets bounced about 6% and world markets rose about 4.5%. It was a good week and did you notice that Jim Cramer was on vacation. Let's hope he takes off this week too.
Even "GE/MSNBC/Pravda/Mein-Kampf" seems to be starting to distance itself from Obama lately. Americans need to vote all the bums out.
Wholesale Inventories May up 0.1%… virtually unchanged… good
This week
Jul 13 8:30 AM Trade Balance May
Jul 13 2:00 PM Treasury Budget Jun
Jul 14 8:30 AM Retail Sales
Jul 14 8:30 AM Retail Sales ex-auto Jun
Jul 14 8:30 AM Export Prices ex-ag. Jun
Jul 14 8:30 AM Import Prices ex-oil Jun
Jul 14 10:00 AM Business Inventories May
Jul 14 10:30 AM Crude Inventories 07/10
Jul 14 2:00 PM Minutes of FOMC Meeting
Jul 15 8:30 AM Initial Claims 07/10
Jul 15 8:30 AM Continuing Claims 07/03
Jul 15 8:30 AM PPI Jun -
Jul 15 8:30 AM Core PPI Jun
Jul 15 8:30 AM NY Fed - Empire Manufacturing Index July-
Jul 15 9:15 AM Industrial Production Jun
Jul 15 9:15 AM Capacity Utilization Jun - -
Jul 15 10:00 AM Philadelphia Fed Jul
Jul 16 8:30 AM Core CPI Jun
Jul 16 8:30 AM CPI Jun -
Jul 16 9:00 AM Net Long-Term TIC Flows Apr -
Jul 16 9:55 AM Mich Sentiment Jul
Market Outlook July 12, 2010
The market bounced about 6%. The market could go 6% more before stiff resistance but volume is low and only a few big operators are making the market. A few could also stop the advance.
Back Friday
Obama said, "Look, it's an all volunteer force," Obama complained. "Nobody made these guys go to war. They had to have known and accepted the risks. Now they whine about bearing the costs of their choice? It doesn't compute.." "I thought these were people who were proud to sacrifice for their country, "Obama continued "I wasn't asking for blood, just money. With the country facing the worst financial crisis in its history, I'd have thought that the patriotic thing to do would be to try to help reduce the nation's deficit. I guess I underestimated the selfishness of some of my fellow Americans."
After bad press, including major mockery of the plan by comedian Jon Stewart, led to President Obama abandoning his proposal to require veterans carry private health insurance to cover the estimated $540 million annual cost to the federal government of treatment for injuries to military personnel received during their tours on active duty. The President admitted that he was puzzled by the magnitude of the opposition to his proposal. After all these funds were needed to cover ACORN activism, GM union pensions, all those welfare kids required so welfare mothers can have plasma TVs and eat steak while… oh yes, the active soldiers get food stamps because they can't afford to live on their pay. If that is Obama's definition of selfishness then Obama is one sick puppy!
World Markets:
This week we will take off a few days. We expect generally a good week for the equities markets. The indicators should not indicate a declining economy but rather a slower growth rate.
Economic Calendar
Last week
The US markets bounced about 6% and world markets rose about 4.5%. It was a good week and did you notice that Jim Cramer was on vacation. Let's hope he takes off this week too.
Even "GE/MSNBC/Pravda/Mein-Kampf" seems to be starting to distance itself from Obama lately. Americans need to vote all the bums out.
Wholesale Inventories May up 0.1%… virtually unchanged… good
This week
Jul 13 8:30 AM Trade Balance May
Jul 13 2:00 PM Treasury Budget Jun
Jul 14 8:30 AM Retail Sales
Jul 14 8:30 AM Retail Sales ex-auto Jun
Jul 14 8:30 AM Export Prices ex-ag. Jun
Jul 14 8:30 AM Import Prices ex-oil Jun
Jul 14 10:00 AM Business Inventories May
Jul 14 10:30 AM Crude Inventories 07/10
Jul 14 2:00 PM Minutes of FOMC Meeting
Jul 15 8:30 AM Initial Claims 07/10
Jul 15 8:30 AM Continuing Claims 07/03
Jul 15 8:30 AM PPI Jun -
Jul 15 8:30 AM Core PPI Jun
Jul 15 8:30 AM NY Fed - Empire Manufacturing Index July-
Jul 15 9:15 AM Industrial Production Jun
Jul 15 9:15 AM Capacity Utilization Jun - -
Jul 15 10:00 AM Philadelphia Fed Jul
Jul 16 8:30 AM Core CPI Jun
Jul 16 8:30 AM CPI Jun -
Jul 16 9:00 AM Net Long-Term TIC Flows Apr -
Jul 16 9:55 AM Mich Sentiment Jul
Market Outlook July 12, 2010
The market bounced about 6%. The market could go 6% more before stiff resistance but volume is low and only a few big operators are making the market. A few could also stop the advance.
Back Friday
Friday, July 9, 2010
The new Obama administration policy. .. If it's good, the buck stops here. If it is bad, it was the prerogative of a federal agency and I was only b
The new Obama administration policy. .. If it's good, the buck stops here. If it is bad, it was the prerogative of a federal agency and I was only briefed.
We need to make real capital by stimulating business. Obama type consumer debt stimulation (Barney Frank) got us into the problem and Obama giving cash to ACORN and welfare folks is money thrown away because it can cause a sovereign debt problem and the next world crisis.
Obama fixing potholes is not infrastructure spending! Shovel ready projects are not infrastructure it is just maintenance of existing systems. Obama is doing nothing to benefit US infrastructure.
Keynes said spend, spend, and spend, not tax, tax, and tax more! Keynes did not say to raise taxes for more government jobs he said spend more by contracting private companies to do actual infrastructure work. Keynes did not recommend hiring more lazy government union and activist fools to regulate and restrict private sector job growth.
World Markets:
Follow the credit market not treasuries or stocks. The credit markets are saying there is no double dip going on in the economy. Asian markets surging too.
Economic Calendar
Last week
The jobless rate fell to 9.5 percent from 9.7 percent -good, the unemployable (those who cannot be depended upon) are no longer getting unemployment checks and are going back to the underground economy.
This week
ISM Services index for June declined slightly from 55.4 to 53.8 still expanding with normal variation.
Continuing Claims 06/26 fell by the largest amount, 24K this year
Initial Claims 07/03 reported dropped 21K this past week
Crude Inventories 07/03 dropped by the largest amount this year, -5M vs. -2M last time
Consumer Credit in May declined $9B indicating consumers are still unwinding debt.
Jul 9 10:00 AM Wholesale Inventories May
Market Outlook July 9, 2010
We got the start of the bounce again but on relatively low volume.
Credit may be cheap and available but people are borrowing a lot less. That is because the banks are trying to screw borrowers with large initiating fees that bring profit immediately to the Bank bottom line while saddling the borrower with higher debt than he wants. So in reality the low rates are not real there are fees attached that the mortgagee does not see until he pays the bank fee. Banks have a thriving business just collecting these mortgage initiation fees.
Retailers advanced as the International Council of Shopping Centers said sales were growing at the fastest pace since 2006, easing concern that a slump in consumer confidence will undermine the economic recovery. People with knowledge said European stress tests will pass and Europe may pay off the Greek bond loss which is now predicted to be half the original estimate of JPMorgan.
World Markets
Asian markets were up last night. Shanghai up 2.3%, Hong Kong up 1.6%, India up 1%, and Japan up 0.5%.
European markets are up in a range of about 0.3% to 0.6% this morning about half way through their day.
US pre-market futures are flat this morning.
We need to make real capital by stimulating business. Obama type consumer debt stimulation (Barney Frank) got us into the problem and Obama giving cash to ACORN and welfare folks is money thrown away because it can cause a sovereign debt problem and the next world crisis.
Obama fixing potholes is not infrastructure spending! Shovel ready projects are not infrastructure it is just maintenance of existing systems. Obama is doing nothing to benefit US infrastructure.
Keynes said spend, spend, and spend, not tax, tax, and tax more! Keynes did not say to raise taxes for more government jobs he said spend more by contracting private companies to do actual infrastructure work. Keynes did not recommend hiring more lazy government union and activist fools to regulate and restrict private sector job growth.
World Markets:
Follow the credit market not treasuries or stocks. The credit markets are saying there is no double dip going on in the economy. Asian markets surging too.
Economic Calendar
Last week
The jobless rate fell to 9.5 percent from 9.7 percent -good, the unemployable (those who cannot be depended upon) are no longer getting unemployment checks and are going back to the underground economy.
This week
ISM Services index for June declined slightly from 55.4 to 53.8 still expanding with normal variation.
Continuing Claims 06/26 fell by the largest amount, 24K this year
Initial Claims 07/03 reported dropped 21K this past week
Crude Inventories 07/03 dropped by the largest amount this year, -5M vs. -2M last time
Consumer Credit in May declined $9B indicating consumers are still unwinding debt.
Jul 9 10:00 AM Wholesale Inventories May
Market Outlook July 9, 2010
We got the start of the bounce again but on relatively low volume.
Credit may be cheap and available but people are borrowing a lot less. That is because the banks are trying to screw borrowers with large initiating fees that bring profit immediately to the Bank bottom line while saddling the borrower with higher debt than he wants. So in reality the low rates are not real there are fees attached that the mortgagee does not see until he pays the bank fee. Banks have a thriving business just collecting these mortgage initiation fees.
Retailers advanced as the International Council of Shopping Centers said sales were growing at the fastest pace since 2006, easing concern that a slump in consumer confidence will undermine the economic recovery. People with knowledge said European stress tests will pass and Europe may pay off the Greek bond loss which is now predicted to be half the original estimate of JPMorgan.
World Markets
Asian markets were up last night. Shanghai up 2.3%, Hong Kong up 1.6%, India up 1%, and Japan up 0.5%.
European markets are up in a range of about 0.3% to 0.6% this morning about half way through their day.
US pre-market futures are flat this morning.
Thursday, July 8, 2010
BP got the Lockerbie killer released to get oil drilling rights from Muammar Qaddafi of Libya.
BP got the Lockerbie killer released to get oil drilling rights from Muammar Qaddafi of Libya.
The Lockerbie killer was not really dying within three months when he was released. It was a big BP lie. BP got deep sea drilling rights off of Libya for lobbying behind the scenes for the Lockerbie killer who planted the bomb on an airplane that took 150 American lives over Lockerbie. The killer, Abdelbaset al-Megrahi, is now living in luxury as a Libyan hero. Muammar Qaddafi will spare no expense for him. This and the sloppy handling of the BP oil spill happened on Obama's watch.
We need to make real capital by stimulating business. Consumer debt stimulation got us into the problem and Obama giving cash to ACORN and welfare folks is money thrown away and just plain dumb because it causes a sovereign debt problem and the next world crisis.
Fixing potholes is not infrastructure spending! Shovel ready projects are not infrastructure it is just maintenance of existing systems. Obama is doing nothing to benefit US infrastructure.
Setting the US economy up for failure and a socialist or communist Obama takeover is not brilliant revolutionary Obama strategy. It shows Obama is not intelligent he is plainly stupid for thinking Americans will be duped into the most archaic tribal economic system Marx could come up with. Communism is better known as the opiate of the asses.
Keynes was only half as stupid as the Obama socialists make him out to be. Raising taxes to pay for socialist Keynesian spending is not Keynesian it is just doubly stupid. It creates bigger government and waste. Keynes said spend more not tax more.
World Markets:
Follow the credit market not treasuries or stocks. The credit markets are saying there is no double dip going on in the economy. Asian markets surging too.
Economic Calendar
Last week
The jobless rate fell to 9.5 percent from 9.7 percent -good, the unemployable (those who cannot be depended upon) are no longer getting unemployment checks and are going back to the underground economy.
This week
Jul 6 10:00 AM ISM Services index for June declined slightly from 55.4 to 53.8 still expanding with normal variation.
Jul 8 8:30 AM Continuing Claims 06/26
Jul 8 8:30 AM Initial Claims 07/03
Jul 8 11:00 AM Crude Inventories 07/03
Jul 8 3:00 PM Consumer Credit May
Jul 9 10:00 AM Wholesale Inventories May
Market Outlook July 8, 2010
We got the start of the bounce.
Retailers advanced as the International Council of Shopping Centers said sales were growing at the fastest pace since 2006, easing concern that a slump in consumer confidence will undermine the economic recovery. Banks led the rally as State Street Corp. reported a profit and people with knowledge of the talks said European stress tests will pass and Europe may pay off the Greek bond loss which is now predicted to be half the original estimate of JPMorgan.
World Markets
Asian markets were up with underlying stability last night. Shanghai down -0.2%, Hong Kong up 1%, India up 1%, and Japan up 2.8%.
European markets are up in a range of about 0.5% to 1.5% this morning about half way through their day.
US pre-market futures are down in the range of -0.2%% this morning.
The Lockerbie killer was not really dying within three months when he was released. It was a big BP lie. BP got deep sea drilling rights off of Libya for lobbying behind the scenes for the Lockerbie killer who planted the bomb on an airplane that took 150 American lives over Lockerbie. The killer, Abdelbaset al-Megrahi, is now living in luxury as a Libyan hero. Muammar Qaddafi will spare no expense for him. This and the sloppy handling of the BP oil spill happened on Obama's watch.
We need to make real capital by stimulating business. Consumer debt stimulation got us into the problem and Obama giving cash to ACORN and welfare folks is money thrown away and just plain dumb because it causes a sovereign debt problem and the next world crisis.
Fixing potholes is not infrastructure spending! Shovel ready projects are not infrastructure it is just maintenance of existing systems. Obama is doing nothing to benefit US infrastructure.
Setting the US economy up for failure and a socialist or communist Obama takeover is not brilliant revolutionary Obama strategy. It shows Obama is not intelligent he is plainly stupid for thinking Americans will be duped into the most archaic tribal economic system Marx could come up with. Communism is better known as the opiate of the asses.
Keynes was only half as stupid as the Obama socialists make him out to be. Raising taxes to pay for socialist Keynesian spending is not Keynesian it is just doubly stupid. It creates bigger government and waste. Keynes said spend more not tax more.
World Markets:
Follow the credit market not treasuries or stocks. The credit markets are saying there is no double dip going on in the economy. Asian markets surging too.
Economic Calendar
Last week
The jobless rate fell to 9.5 percent from 9.7 percent -good, the unemployable (those who cannot be depended upon) are no longer getting unemployment checks and are going back to the underground economy.
This week
Jul 6 10:00 AM ISM Services index for June declined slightly from 55.4 to 53.8 still expanding with normal variation.
Jul 8 8:30 AM Continuing Claims 06/26
Jul 8 8:30 AM Initial Claims 07/03
Jul 8 11:00 AM Crude Inventories 07/03
Jul 8 3:00 PM Consumer Credit May
Jul 9 10:00 AM Wholesale Inventories May
Market Outlook July 8, 2010
We got the start of the bounce.
Retailers advanced as the International Council of Shopping Centers said sales were growing at the fastest pace since 2006, easing concern that a slump in consumer confidence will undermine the economic recovery. Banks led the rally as State Street Corp. reported a profit and people with knowledge of the talks said European stress tests will pass and Europe may pay off the Greek bond loss which is now predicted to be half the original estimate of JPMorgan.
World Markets
Asian markets were up with underlying stability last night. Shanghai down -0.2%, Hong Kong up 1%, India up 1%, and Japan up 2.8%.
European markets are up in a range of about 0.5% to 1.5% this morning about half way through their day.
US pre-market futures are down in the range of -0.2%% this morning.
Wednesday, July 7, 2010
Socialist must be removed this November and massive government non-defense job reductions are overdue.
Gold has been dipping below $1200 again.
Socialist must be removed this November and massive government non-defense job reductions are overdue.
The Baltic Dry Index has fallen for the 29th consecutive session. The Baltic dry index never increased after it rose from its lows in early 2009 even though Jim Cramer said it did by removing higher earlier data from his charts. That is why we gave you the index to see for yourself. Now Jim Cramer says he does not believe the dry index. He says trade is sill increasing. Jim is often contradictory.
Franklin D Roosevelt (FDR) created the first Great Depression with his socialist experiment back in the 1930's when liberals thought Communism was the way of the future. Only WWII saved us from Communism because FDR had to call on Capitalists to fight Hitler. Communists at first liked Hitler because Hitler and Stalin were initially allies and planned to acquire all the countries between them.
Obama's socialism could cause the world's second "Great Depression" if we do not throw them out of office this November.
The risk of hyperinflation remains low.
World Markets:
Asian markets surging.
Economic Calendar
Last week
The jobless rate fell to 9.5 percent from 9.7 percent -good, the unemployable (those who cannot be depended upon) are no longer getting unemployment checks and are going back to the underground economy.
This week
Jul 6 10:00 AM ISM Services index for June declined slightly from 55.4 to 53.8 still expanding with normal variation.
Jul 7 10:30 AM Crude Inventories 07/03
Jul 8 8:30 AM Continuing Claims 06/26
Jul 8 8:30 AM Initial Claims 07/03
Jul 8 3:00 PM Consumer Credit May
Jul 9 10:00 AM Wholesale Inventories May
Market Outlook July 7, 2010
We are waiting for the bounce.
World Markets
Asian markets were up with underlying stability last night. Shanghai up 0.5%, Hong Kong down 1.1%, India down 0.8%, and Japan down 0.8%.
European markets are down in a range of about 1% to 1.2% this morning about half way through their day.
US pre-market futures are down in the range of -0.4% to -0.6% this morning.
Socialist must be removed this November and massive government non-defense job reductions are overdue.
The Baltic Dry Index has fallen for the 29th consecutive session. The Baltic dry index never increased after it rose from its lows in early 2009 even though Jim Cramer said it did by removing higher earlier data from his charts. That is why we gave you the index to see for yourself. Now Jim Cramer says he does not believe the dry index. He says trade is sill increasing. Jim is often contradictory.
Franklin D Roosevelt (FDR) created the first Great Depression with his socialist experiment back in the 1930's when liberals thought Communism was the way of the future. Only WWII saved us from Communism because FDR had to call on Capitalists to fight Hitler. Communists at first liked Hitler because Hitler and Stalin were initially allies and planned to acquire all the countries between them.
Obama's socialism could cause the world's second "Great Depression" if we do not throw them out of office this November.
The risk of hyperinflation remains low.
World Markets:
Asian markets surging.
Economic Calendar
Last week
The jobless rate fell to 9.5 percent from 9.7 percent -good, the unemployable (those who cannot be depended upon) are no longer getting unemployment checks and are going back to the underground economy.
This week
Jul 6 10:00 AM ISM Services index for June declined slightly from 55.4 to 53.8 still expanding with normal variation.
Jul 7 10:30 AM Crude Inventories 07/03
Jul 8 8:30 AM Continuing Claims 06/26
Jul 8 8:30 AM Initial Claims 07/03
Jul 8 3:00 PM Consumer Credit May
Jul 9 10:00 AM Wholesale Inventories May
Market Outlook July 7, 2010
We are waiting for the bounce.
World Markets
Asian markets were up with underlying stability last night. Shanghai up 0.5%, Hong Kong down 1.1%, India down 0.8%, and Japan down 0.8%.
European markets are down in a range of about 1% to 1.2% this morning about half way through their day.
US pre-market futures are down in the range of -0.4% to -0.6% this morning.
Tuesday, July 6, 2010
Gold has been dipping below $1200 again.
Gold has been dipping below $1200 again.
Unemployment drops to 9.5%
The Baltic dry index remains quite low indicating the recovery remains slow although profits have doubled since last year. Employment always lags economic recovery.
The truth is the recovery has been about half as fast as Obama and GE/MSNBC/Pravda/Jim Cramer had been lying about all last year. Now Cramer corrects his over-optimistic previous lies by lying negatively and saying we are in a double dip recession. The truth is that this is a very slow recovery because instead of cutting taxes for corporate and individual investment Obama socialists are borrowing from the future to subsidize ACORN, socialist/communist unions, and to create government jobs for unemployable liberals who think they are too talented to do real work. Liberals want those jobs that Pelosi/ACORN have promised… where they can stay home and get a government check for professional acting (conservatives call it by the old name prostitution).
Franklin D Roosevelt (FDR) created the first Great Depression with his socialist experiment back in the 1930's when liberals thought Communism was the way of the future. Only WWII saved us from Communism because FDR had to call on Capitalists to fight Hitler. Communists at first liked Hitler because Hitler and Stalin were initially allies.
Obama's socialism could cause the world's second "Great Depression" if we do not throw them out of office this November.
The risk of hyperinflation remains low.
World Markets:
Asian markets surging.
Economic Calendar
Last week
The jobless rate fell to 9.5 percent from 9.7 percent -good, the unemployable (those who cannot be depended upon) are no longer getting unemployment checks and are going back to the underground economy.
Hourly Earnings Jun fell -0.1 from a +0.2% last month- not good
Average Workweek Jun dropped to 34.1 hours from 34.2 last month. - not good
Factory Orders May declined 1.4% after increasing 1% last month- not good
This week
Jul 6 10:00 AM ISM Services Jun
Jul 7 10:30 AM Crude Inventories 07/03
Jul 8 8:30 AM Continuing Claims 06/26
Jul 8 8:30 AM Initial Claims 07/03
Jul 8 3:00 PM Consumer Credit May
Jul 9 10:00 AM Wholesale Inventories May
Market Outlook July 6, 2010
We are still waiting for the bounce.
The time for people and corporations to take profits is this year before the hefty Obama tax increase goes into effect. Therefore we expect to see a rise in profits as December approaches and then a drop in profits and actual tax payments next year. Socialists show their abject stupidity in not knowing that productive people can legally delay or accelerate when they report income just by when they close transactions. Socialist prefer to be tax cheats or steal from others rather than defer taxes. Real estate investing at current low prices is just one way to invest and defer profits until later when the socialists are thrown out of office.
World Markets
Asian markets were up with underlying stability last night. Shanghai up 1.9%, Hong Kong up 1.2%, India up 1%, Taiwan up 1.5%, and Japan up 0.8%.
European markets are up sharply in a range of about 2% to 3% this morning about half way through their day.
US pre-market futures are up in the range of +1% to +1.5% this morning.
Unemployment drops to 9.5%
The Baltic dry index remains quite low indicating the recovery remains slow although profits have doubled since last year. Employment always lags economic recovery.
The truth is the recovery has been about half as fast as Obama and GE/MSNBC/Pravda/Jim Cramer had been lying about all last year. Now Cramer corrects his over-optimistic previous lies by lying negatively and saying we are in a double dip recession. The truth is that this is a very slow recovery because instead of cutting taxes for corporate and individual investment Obama socialists are borrowing from the future to subsidize ACORN, socialist/communist unions, and to create government jobs for unemployable liberals who think they are too talented to do real work. Liberals want those jobs that Pelosi/ACORN have promised… where they can stay home and get a government check for professional acting (conservatives call it by the old name prostitution).
Franklin D Roosevelt (FDR) created the first Great Depression with his socialist experiment back in the 1930's when liberals thought Communism was the way of the future. Only WWII saved us from Communism because FDR had to call on Capitalists to fight Hitler. Communists at first liked Hitler because Hitler and Stalin were initially allies.
Obama's socialism could cause the world's second "Great Depression" if we do not throw them out of office this November.
The risk of hyperinflation remains low.
World Markets:
Asian markets surging.
Economic Calendar
Last week
The jobless rate fell to 9.5 percent from 9.7 percent -good, the unemployable (those who cannot be depended upon) are no longer getting unemployment checks and are going back to the underground economy.
Hourly Earnings Jun fell -0.1 from a +0.2% last month- not good
Average Workweek Jun dropped to 34.1 hours from 34.2 last month. - not good
Factory Orders May declined 1.4% after increasing 1% last month- not good
This week
Jul 6 10:00 AM ISM Services Jun
Jul 7 10:30 AM Crude Inventories 07/03
Jul 8 8:30 AM Continuing Claims 06/26
Jul 8 8:30 AM Initial Claims 07/03
Jul 8 3:00 PM Consumer Credit May
Jul 9 10:00 AM Wholesale Inventories May
Market Outlook July 6, 2010
We are still waiting for the bounce.
The time for people and corporations to take profits is this year before the hefty Obama tax increase goes into effect. Therefore we expect to see a rise in profits as December approaches and then a drop in profits and actual tax payments next year. Socialists show their abject stupidity in not knowing that productive people can legally delay or accelerate when they report income just by when they close transactions. Socialist prefer to be tax cheats or steal from others rather than defer taxes. Real estate investing at current low prices is just one way to invest and defer profits until later when the socialists are thrown out of office.
World Markets
Asian markets were up with underlying stability last night. Shanghai up 1.9%, Hong Kong up 1.2%, India up 1%, Taiwan up 1.5%, and Japan up 0.8%.
European markets are up sharply in a range of about 2% to 3% this morning about half way through their day.
US pre-market futures are up in the range of +1% to +1.5% this morning.
Friday, July 2, 2010
Gold plummets $31 and unemployment drops to 9.5%
Gold plummets $31 and unemployment drops to 9.5%
As soon as GE/MSNBC/Pravda/Jim Cramer said "hyperinflation" could explain the current market forecast, gold plummeted and killed that theory.
The Dow Jones Industrials, DJI, is down 10% from the high… the definition of a correction.
http://finance.yahoo.com/q/ta?s=%5EDJI&t=1y&l=on&z=m&q=l&p=b&a=m26-12-9,v&c=
World Markets:
China recovery is being accelerated by domestic consumption as wages rise and China westernizes.
Economic Calendar
Personal Income in May rose 0.4% the same as initially reported last month. -Good news
Personal Spending May up 0.2% better than the 0% reported last month. - Good news
PCE prices up 0.2% or 2.4% per year- good and not inflationary or deflationary
Case-Shiller 20-city Index Apr rose 3.8% vs. 2.35% last month - Good News
Consumer Confidence Jun declined to 52.9% from 63.3% initially reported last month - Good news since it is showing a lack of confidence in Democrat-socialists so we can vote them out with only two years of Obama damage. If people were confident with this socialist government we would be in deep trouble.
ADP Employment Change June: Was a net 13K improvement after the temporary increase in census workers last month who are slowly being let go as the census nears completion. Net hiring has increased every month since April.
Chicago PMI Jun : At 59, 1 down slightly (within statistical variation) from 59.7 last month. Anything over 50 is good.
Crude Inventories 06/26 last wee declined 2M removing the 2M increase the prior week implying oil prices are stable and slowly rising.
Yesterday
Jul 1 8:30 AM Continuing Claims 06/19 were up 4616K from 4573K to be expected as graduates flood labor force. It means most graduates of college and high school are getting jobs.
Jul 1 8:30 AM Initial Claims 06/26 were 472K up from 459K to be expected as graduates flood labor force. This is not corrected for seasonal effects.
Jul 1 10:00 AM Construction Spending May dropped -0.2% from a 2.3% increase last month.
Jul 1 10:00 AM ISM Index Jun dropped slightly to 56.2 from 59.7 last month still very good manufacturing expansion.
Jul 1 10:00 AM pending Home Sales May declined 30% after declining -10.5% last month.
Jul 1 2:00 PM Auto Sales saw a drop in June vs., May, Although overall sales are still stronger than they were a year ago, Ford and GM reported sales below expectations. Ford reported sales were down 13% from May, but were still up 15% from a year ago. Analysts were looking for sales to be up 17% from last year. Still this is good considering it is not seasonally adjusted.
Jul 1 2:00 PM Truck Sales Jun was similar to car sales
Today
Nonfarm Payrolls Jun
Employment fell in June for the first time this year, reflecting a drop in federal census workers and a smaller-than- forecast gain in private hiring. Unemployment Rate Jun Employment at private companies (where we need it) rose 83,000.
The jobless rate fell to 9.5 percent from 9.7 percent
Jul 2 8:30 AM Hourly Earnings Jun fell -0.1 from a +0.2% last month
Jul 2 8:30 AM Average Workweek Jun dropped to 34.1 hours from 34.2 last month.
Jul 2 10:00 AM Factory Orders May
Market Outlook July 2, 2010
We are waiting for the bounce. The time for people and corporations to take profits is this year before the hefty tax increase goes into effect. Therefore we expect to see a rise in profits as December approaches and then a drop in profits and actual tax payments next year. Socialists show their abject stupidity in not knowing that productive people can legally delay or accelerate when they report income just by when they close transactions. Real estate investing at current low prices is just one way to invest and not have to take profits until later when the socialists are thrown out of office. The more the socialist try to hurt productive people the more rapidly the country descends into poverty. Communists take about 50 years to deplete the accumulated wealth of centuries. And all the that time they truly believe they are doing something good by spending the national wealth good and decent people accumulated and freely left for the nation. Bill Gates has added hundreds of billions to the US national wealth and is now giving away all his own money because he knows that too much inherited wealth can destroy a person's life.
Next year Obama begins his plan to attack the wealth of America's richest 2%. When Hitler did that he discovered they were mostly Jewish people. Obama also seems ready to pull the plug on Israel's economic support to please his socialist Moslem jihadist brotherhood. But no one on the left thinks they themselves are anti-Semitic. The Evangelical Lutheran Church in America (ELCA) are a good German church that now uses the Obama DNC political platform for guidance instead of the Bible or the Lutheran Catechism. Israel now restricts entry of known anti-Semitic ELCA members. It is well known now that American conservatives support the existence of the nation of Israel and liberals are the new anti-Semites.
World Markets
Asian markets were up with underlying stability last night. Shanghai up 0.4%, Hong Kong down -1.1%, India down -0.3%, Taiwan up 1.1%, and Japan up 0.1%.
European markets are up in a range of about 0.3% to 0.8% this morning about half way through their day.
US pre-market futures are flat this morning.
As soon as GE/MSNBC/Pravda/Jim Cramer said "hyperinflation" could explain the current market forecast, gold plummeted and killed that theory.
The Dow Jones Industrials, DJI, is down 10% from the high… the definition of a correction.
http://finance.yahoo.com/q/ta?s=%5EDJI&t=1y&l=on&z=m&q=l&p=b&a=m26-12-9,v&c=
World Markets:
China recovery is being accelerated by domestic consumption as wages rise and China westernizes.
Economic Calendar
Personal Income in May rose 0.4% the same as initially reported last month. -Good news
Personal Spending May up 0.2% better than the 0% reported last month. - Good news
PCE prices up 0.2% or 2.4% per year- good and not inflationary or deflationary
Case-Shiller 20-city Index Apr rose 3.8% vs. 2.35% last month - Good News
Consumer Confidence Jun declined to 52.9% from 63.3% initially reported last month - Good news since it is showing a lack of confidence in Democrat-socialists so we can vote them out with only two years of Obama damage. If people were confident with this socialist government we would be in deep trouble.
ADP Employment Change June: Was a net 13K improvement after the temporary increase in census workers last month who are slowly being let go as the census nears completion. Net hiring has increased every month since April.
Chicago PMI Jun : At 59, 1 down slightly (within statistical variation) from 59.7 last month. Anything over 50 is good.
Crude Inventories 06/26 last wee declined 2M removing the 2M increase the prior week implying oil prices are stable and slowly rising.
Yesterday
Jul 1 8:30 AM Continuing Claims 06/19 were up 4616K from 4573K to be expected as graduates flood labor force. It means most graduates of college and high school are getting jobs.
Jul 1 8:30 AM Initial Claims 06/26 were 472K up from 459K to be expected as graduates flood labor force. This is not corrected for seasonal effects.
Jul 1 10:00 AM Construction Spending May dropped -0.2% from a 2.3% increase last month.
Jul 1 10:00 AM ISM Index Jun dropped slightly to 56.2 from 59.7 last month still very good manufacturing expansion.
Jul 1 10:00 AM pending Home Sales May declined 30% after declining -10.5% last month.
Jul 1 2:00 PM Auto Sales saw a drop in June vs., May, Although overall sales are still stronger than they were a year ago, Ford and GM reported sales below expectations. Ford reported sales were down 13% from May, but were still up 15% from a year ago. Analysts were looking for sales to be up 17% from last year. Still this is good considering it is not seasonally adjusted.
Jul 1 2:00 PM Truck Sales Jun was similar to car sales
Today
Nonfarm Payrolls Jun
Employment fell in June for the first time this year, reflecting a drop in federal census workers and a smaller-than- forecast gain in private hiring. Unemployment Rate Jun Employment at private companies (where we need it) rose 83,000.
The jobless rate fell to 9.5 percent from 9.7 percent
Jul 2 8:30 AM Hourly Earnings Jun fell -0.1 from a +0.2% last month
Jul 2 8:30 AM Average Workweek Jun dropped to 34.1 hours from 34.2 last month.
Jul 2 10:00 AM Factory Orders May
Market Outlook July 2, 2010
We are waiting for the bounce. The time for people and corporations to take profits is this year before the hefty tax increase goes into effect. Therefore we expect to see a rise in profits as December approaches and then a drop in profits and actual tax payments next year. Socialists show their abject stupidity in not knowing that productive people can legally delay or accelerate when they report income just by when they close transactions. Real estate investing at current low prices is just one way to invest and not have to take profits until later when the socialists are thrown out of office. The more the socialist try to hurt productive people the more rapidly the country descends into poverty. Communists take about 50 years to deplete the accumulated wealth of centuries. And all the that time they truly believe they are doing something good by spending the national wealth good and decent people accumulated and freely left for the nation. Bill Gates has added hundreds of billions to the US national wealth and is now giving away all his own money because he knows that too much inherited wealth can destroy a person's life.
Next year Obama begins his plan to attack the wealth of America's richest 2%. When Hitler did that he discovered they were mostly Jewish people. Obama also seems ready to pull the plug on Israel's economic support to please his socialist Moslem jihadist brotherhood. But no one on the left thinks they themselves are anti-Semitic. The Evangelical Lutheran Church in America (ELCA) are a good German church that now uses the Obama DNC political platform for guidance instead of the Bible or the Lutheran Catechism. Israel now restricts entry of known anti-Semitic ELCA members. It is well known now that American conservatives support the existence of the nation of Israel and liberals are the new anti-Semites.
World Markets
Asian markets were up with underlying stability last night. Shanghai up 0.4%, Hong Kong down -1.1%, India down -0.3%, Taiwan up 1.1%, and Japan up 0.1%.
European markets are up in a range of about 0.3% to 0.8% this morning about half way through their day.
US pre-market futures are flat this morning.
Thursday, July 1, 2010
China recovery is being accelerated by domestic consumption as wages rise.
China recovery is being accelerated by domestic consumption as wages rise.
Stocks are ready to bounce. It is not the end of the world until Obama says high taxes go into effect.
The Dow Jones Industrials, DJI, is down 10% from the high… the definition of a correction.
http://finance.yahoo.com/q/ta?t=6m&l=on&z=m&q=l&p=b&a=m26-12-9%2Cv&c=&s=%5Edji
World Markets:
China recovery is being accelerated by domestic consumption as wages rise and China westernizes.
Economic Calendar
Last week:
GDP Deflator Third Estimate Q1 another downwardly revision to first quarter GDP growth (2.7 percent vs. 3.0 percent), with a large reduction in first quarter final sales growth to 0.8 percent from 1.4 percent. This is Obama's socialist state fraud in fabricating the high initial numbers so his liberals, socialists, and communists could claim an robust 3+% recovery and then switching gears and lower the first quarter numbers so that the second quarter do not show a serious double dip. That is the way communist countries have always operated. They are pretend societies where people pretend to have real work and show lavish living on TV and pretend not to be starving. The hungry people then think either they are personal failures and everyone else is doing well under socialism or they know it is a fraud and they thing western capitalism is perpetuating the same fraud on their lavish TV shows. Socialist governments hire 200 people to do the work of 50 people just to pretend the economy is robust and give everyone a job.
U Michigan Sentiment - Final June rose to 76% from 75.5%. - Good news
Personal Income in May rose 0.4% the same as initially reported last month. -Good news
Personal Spending May up 0.2% better than the 0% reported last month. - Good news
PCE prices up 0.2% or 2.4% per year- good and not inflationary or deflationary
Yesterday
Case-Shiller 20-city Index Apr rose 3.8% vs. 2.35% last month - Good News
Consumer Confidence Jun declined to 52.9% from 63.3% initially reported last month - Good news since it is showing a lack of confidence in Democrat-socialists so we can vote them out with only two years of Obama damage. If people were confident with this socialist government we would be in deep trouble.
ADP Employment Change June: Was a net 13K improvement after the temporary increase in census workers last month who are slowly being let go as the census nears completion. Net hiring has increased every month since April.
Chicago PMI Jun : At 59, 1 down slightly (within statistical variation) from 59.7 last month. Anything over 50 is good.
Crude Inventories 06/26 last wee declined 2M removing the 2M increase the prior week implying oil prices are stable and slowly rising.
Today
Jul 1 8:30 AM Continuing Claims 06/19
Jul 1 8:30 AM Initial Claims 06/26
Jul 1 10:00 AM Construction Spending May
Jul 1 10:00 AM ISM Index Jun
Jul 1 10:00 AM Pending Home Sales May
Jul 1 2:00 PM Auto Sales Jun
Jul 1 2:00 PM Truck Sales Jun
The Week Ahead
Jul 2 8:30 AM Nonfarm Payrolls Jun
Jul 2 8:30 AM Unemployment Rate Jun
Jul 2 8:30 AM Hourly Earnings Jun
Jul 2 8:30 AM Average Workweek Jun
Jul 2 10:00 AM Factory Orders May
Market Outlook July 1, 2010
We are waiting for the bounce. The time for people and corporations to take profits is this year before the hefty tax increase goes into effect. Therefore we expect to see a rise in profits as December approaches and then a drop in profits and actual tax payments next year. Socialists show their abject stupidity in not knowing that productive people can legally delay or accelerate when they report income just by when they close transactions. Real estate investing at current low prices is just one way to invest and not have to take profits until the socialists are thrown out of office.
GE/MSNBC/Pravda/Jim Cramer cannot get any more negative than he was last night. He said the economic indicators, including gold, all make sense if we are entering a German Weimar Republic type depression followed by hyperinflation. After that happened 110 years ago the Germans elected National Socialist Adolf Hitler and he attacked and expropriated the wealth from the richest 2%, the bankers, who happened to be mostly Jewish. That is what Obama said he would do if elected. Next year Obama reiterated they plan to attack the wealth of America's richest 2% too. Obama also seems ready to pull the plug on Israel's economic support to please his socialist Moslem jihadist brotherhood. In the mean time the Germans are trying to get rid of the lazy, the ignorant, the incompetent, the illegals, and the criminals who happen to be predominantly Moslem Turks living in Germany. The French have made it illegal for women to be humiliated by being forced to follow the Moslem dress code or be beaten to death by other Moslems if they do not profusely claim they love and voluntarily follow the code. It is not discriminatory to prohibit the dress code because German men can't force their women to wear iron chastity belts either. In most European countries they even frown on Moslems using trucks to cripple their children who steal to avoid starvation under socialist Moslem rule. That is why so many Moslems become suicide killers… they have nothing to loose under the Moslem belief system.
World Markets
Asian markets were down with underlying stability last night. Shanghai down -1.0%, Hong Kong closed, India down -1.1%, and Japan down -2%.
European markets are down in a range of about -0.7% to -1.4% this morning about half way through their day.
US pre-market futures are flat this morning. We believe the market will soon bounce higher as people realized the largely faked Obama socialists recovery is not fading, it just was not as good as the lying Obama socialists would have American's believe. The real worry is a double dip next year as the idiotic Obama socialist tax and throwaway spending begins. They plan to tax the productive people and give it to the tyranny of leftist pigs; the lazy, the ignorant, the incompetent, the illegal, the criminals, and the perverts. Even the European socialists refuse to be as irresponsible as the Obama Administration. The Europeans say they are going to cut government jobs now to reduce debt and wasted manpower.
Stocks are ready to bounce. It is not the end of the world until Obama says high taxes go into effect.
The Dow Jones Industrials, DJI, is down 10% from the high… the definition of a correction.
http://finance.yahoo.com/q/ta?t=6m&l=on&z=m&q=l&p=b&a=m26-12-9%2Cv&c=&s=%5Edji
World Markets:
China recovery is being accelerated by domestic consumption as wages rise and China westernizes.
Economic Calendar
Last week:
GDP Deflator Third Estimate Q1 another downwardly revision to first quarter GDP growth (2.7 percent vs. 3.0 percent), with a large reduction in first quarter final sales growth to 0.8 percent from 1.4 percent. This is Obama's socialist state fraud in fabricating the high initial numbers so his liberals, socialists, and communists could claim an robust 3+% recovery and then switching gears and lower the first quarter numbers so that the second quarter do not show a serious double dip. That is the way communist countries have always operated. They are pretend societies where people pretend to have real work and show lavish living on TV and pretend not to be starving. The hungry people then think either they are personal failures and everyone else is doing well under socialism or they know it is a fraud and they thing western capitalism is perpetuating the same fraud on their lavish TV shows. Socialist governments hire 200 people to do the work of 50 people just to pretend the economy is robust and give everyone a job.
U Michigan Sentiment - Final June rose to 76% from 75.5%. - Good news
Personal Income in May rose 0.4% the same as initially reported last month. -Good news
Personal Spending May up 0.2% better than the 0% reported last month. - Good news
PCE prices up 0.2% or 2.4% per year- good and not inflationary or deflationary
Yesterday
Case-Shiller 20-city Index Apr rose 3.8% vs. 2.35% last month - Good News
Consumer Confidence Jun declined to 52.9% from 63.3% initially reported last month - Good news since it is showing a lack of confidence in Democrat-socialists so we can vote them out with only two years of Obama damage. If people were confident with this socialist government we would be in deep trouble.
ADP Employment Change June: Was a net 13K improvement after the temporary increase in census workers last month who are slowly being let go as the census nears completion. Net hiring has increased every month since April.
Chicago PMI Jun : At 59, 1 down slightly (within statistical variation) from 59.7 last month. Anything over 50 is good.
Crude Inventories 06/26 last wee declined 2M removing the 2M increase the prior week implying oil prices are stable and slowly rising.
Today
Jul 1 8:30 AM Continuing Claims 06/19
Jul 1 8:30 AM Initial Claims 06/26
Jul 1 10:00 AM Construction Spending May
Jul 1 10:00 AM ISM Index Jun
Jul 1 10:00 AM Pending Home Sales May
Jul 1 2:00 PM Auto Sales Jun
Jul 1 2:00 PM Truck Sales Jun
The Week Ahead
Jul 2 8:30 AM Nonfarm Payrolls Jun
Jul 2 8:30 AM Unemployment Rate Jun
Jul 2 8:30 AM Hourly Earnings Jun
Jul 2 8:30 AM Average Workweek Jun
Jul 2 10:00 AM Factory Orders May
Market Outlook July 1, 2010
We are waiting for the bounce. The time for people and corporations to take profits is this year before the hefty tax increase goes into effect. Therefore we expect to see a rise in profits as December approaches and then a drop in profits and actual tax payments next year. Socialists show their abject stupidity in not knowing that productive people can legally delay or accelerate when they report income just by when they close transactions. Real estate investing at current low prices is just one way to invest and not have to take profits until the socialists are thrown out of office.
GE/MSNBC/Pravda/Jim Cramer cannot get any more negative than he was last night. He said the economic indicators, including gold, all make sense if we are entering a German Weimar Republic type depression followed by hyperinflation. After that happened 110 years ago the Germans elected National Socialist Adolf Hitler and he attacked and expropriated the wealth from the richest 2%, the bankers, who happened to be mostly Jewish. That is what Obama said he would do if elected. Next year Obama reiterated they plan to attack the wealth of America's richest 2% too. Obama also seems ready to pull the plug on Israel's economic support to please his socialist Moslem jihadist brotherhood. In the mean time the Germans are trying to get rid of the lazy, the ignorant, the incompetent, the illegals, and the criminals who happen to be predominantly Moslem Turks living in Germany. The French have made it illegal for women to be humiliated by being forced to follow the Moslem dress code or be beaten to death by other Moslems if they do not profusely claim they love and voluntarily follow the code. It is not discriminatory to prohibit the dress code because German men can't force their women to wear iron chastity belts either. In most European countries they even frown on Moslems using trucks to cripple their children who steal to avoid starvation under socialist Moslem rule. That is why so many Moslems become suicide killers… they have nothing to loose under the Moslem belief system.
World Markets
Asian markets were down with underlying stability last night. Shanghai down -1.0%, Hong Kong closed, India down -1.1%, and Japan down -2%.
European markets are down in a range of about -0.7% to -1.4% this morning about half way through their day.
US pre-market futures are flat this morning. We believe the market will soon bounce higher as people realized the largely faked Obama socialists recovery is not fading, it just was not as good as the lying Obama socialists would have American's believe. The real worry is a double dip next year as the idiotic Obama socialist tax and throwaway spending begins. They plan to tax the productive people and give it to the tyranny of leftist pigs; the lazy, the ignorant, the incompetent, the illegal, the criminals, and the perverts. Even the European socialists refuse to be as irresponsible as the Obama Administration. The Europeans say they are going to cut government jobs now to reduce debt and wasted manpower.
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