Crude oil in New York falls; Brent oil extends decline in London, Precious metals drop below 4-month low.
New York Attorney General Eric Schneiderman said he is creating a unit to target multi-state corporate tax fraud schemes, corrupt contractors and firms that rip off public pension funds.
The dollar strengthens and gold falls in price as the world discovers the best inflation adjusted returns are found in the USA. The Net long-term TIC Flows for November show a sharp trend reversal as the world buys US dollars and treasuries for a safe higher rate of return like the USA banks have enjoyed at 0.25% cost for the last two years.
With a 0.25% cost and a guaranteed 1.88% return banks make money. While investors are forcing European governments from Greece to Ireland to cut spending as governments prepare to sell $1.1 trillion of bonds this year, demand at Treasury auctions has been the highest on record. The precious metals trend line is now down steeply
Chrysler Group LLC, the U.S. automaker operated by Fiat SpA , reported a $199 million fourth- quarter net loss that was its largest of the year as the company shipped fewer vehicles while introducing new models.
World Markets:
As politicians, executives and financiers networked at parties and panels last week in Davos, Switzerland, Barrie Wilkinson was in a nearby hotel, warning that a 2015 financial catastrophe may be looming.
The number of Britons who expect house prices to rise this year decreased in the last three months as concerns about the economy mounted,
Irish Central Bank Cuts 2011 Growth Forecast on Fiscal Squeeze
Egypt's Military Leaders Tighten Six-Decade Government Grip Amid Protests
Chinese have massive illegalities like Hutchison Whampoa Ltd.’s sale. The Asian criminals are essentially selling their Brooklyn Bridge.
Red China engages in practices that are illegal in the Free World. Remember China illegally imprisoned two Americans for doing diligent economic research for fear the Americans would expose Red China's economic corruption. Their Nobel Peace Prizewinner was thrown in jail because he accepted the peace prize. China should free the two Americans and let their Nobel Prize winner leave China.
Business trends
Last Friday
GDP-Adv. Q4 was 3.2% but the FED predicted 3.8% causing the stock market rally after the third quarter was 2.6%
Chain Deflator-Adv. Q4 was 0.3% or 1.2% per year but the FED target is twice that, 2.5%/yr, and this is after the last quarter which was at 8.8% per year. The 8.8% triggered the surge in precious metals three months ago because it was viewed as inflationary. Now the economy is facing potential deflation again.
Employment Cost Index Q4 rose 0.4% again indicating that more people are working overtime and possibly even extra unpaid hours to keep their jobs. There is pent-up saving in hiring people provided the leftists back off and stop throwing private sector profits down the government leftist hack worker payola toilet.
Michigan Sentiment - Final Jan 74.2 rose from 72.7 last month confirming the earlier monthly survey.
Today
Jan 31 8:30 AM Personal Income Dec
Jan 31 8:30 AM Personal Spending Dec
Jan 31 8:30 AM PCE Prices - Core Dec
Jan 31 9:45 AM Chicago PMI Jan
This week
Feb 1 10:00 AM Construction Spending Dec
Feb 1 10:00 AM ISM Index Jan
Feb 1 3:00 PM Auto Sales Feb
Feb 1 3:00 PM Truck Sales Feb
Feb 2 7:00 AM MBA Mortgage Purchase Index 01/28
Feb 2 7:30 AM Challenger Job Cuts Jan
Feb 2 8:15 AM ADP Employment Change Jan
Feb 2 10:30 AM Crude Inventories 01/29
Feb 3 8:30 AM Productivity-Prel Q4
Feb 3 8:30 AM Unit Labor Costs Q4
Feb 3 8:30 AM Initial Claims 01/29
Feb 3 8:30 AM Continuing Claims 01/29
Feb 3 10:00 AM Factory Orders Dec
Feb 3 10:00 AM ISM Services Jan
Feb 4 8:30 AM Nonfarm Payrolls Jan
Feb 4 8:30 AM Nonfarm Private Payrolls Jan
Feb 4 8:30 AM Unemployment Rate Jan
Feb 4 8:30 AM Average Workweek Jan
Feb 4 8:30 AM Hourly Earnings Jan
Market Outlook Jan 31, 2011
Hedge fund stock dump accelerated on increasing volume. This is much more severe than Egyptians and other Islamists rioting.
While earnings and economic reports have been poor these past three weeks the market has ignored the news.
Hedge fund manipulators still control the American stock market. This is not an environment for individual investors. The next drop will not be pretty. Economies around the world face a slowdown as government pretends to create useful jobs as good people in private industry are let go because private businesses cannot produce clear profits.
World Markets
Asian markets were down last night. China's market was up 1.4%, Hong Kong down -0.7%, India closed, Jakarta down -2.3%and Japan down -1.2%,
European markets are down this morning in a range of about -0.1% to -0.7% half way through their day.
US pre-market futures are flat about 0.1 % at 8:00 AM EST.
Monday, January 31, 2011
Friday, January 28, 2011
Gold is having spasms in London as it drops to 4-month low. Hedge fund dump accelerates.
Gold is having spasms in London as it drops to 4-month low. Hedge fund dump accelerates.
New York Attorney General Eric Schneiderman said he is creating a unit to target multi-state corporate tax fraud schemes, corrupt contractors and firms that rip off public pension funds.
Former AIG chairman, Golub said, "AIG shouldn’t exist," today on Bloomberg Television’s “In the Loop with Betty Liu.” The New York-based company should be split, making independent firms of property-casualty unit and their life insurer.
A rush of fourth-quarter earnings reports from Dow components and data showing declining home prices (down 30% nationwide) weighed on the market. The underlying theme is that there are problems bubbling below the surface from an economic standpoint and those problems simply can't be ignored. As the market has climbed, companies have faced mounting pressure to cook the books in order to impress hedge funds that almost entirely have moved from the short side to the long side.
General Motors said on Thursday that it was withdrawing its application to borrow $14.4 billion from a pool of federal money intended to help automakers. The request had been pending with the Department of Energy for 15 months, said the decision to withdraw was based on the fact that it gave the appearance that they still were on the taxpayer dole and would be perceived to be a great Obama failure.
Ford stock drops but early reported earnings make little sense with revenues up but earnings did not meet expectations in 4th quarter.
United and Continental merged on Oct. 1, 2010 and the company suffered $325 million net loss during the fourth quarter, their first quarter of merger from writing down good will and worthless assets.
Abbott Laboratories' (ABT) said it would lay off 1,900 of its work force in response to U.S. policies, and the health-products maker reported a 6.4% drop in fourth-quarter earnings. The elimination of about 1,900 jobs will be primarily in Abbott's U.S. operations. Abbott attributed the cuts to a need to cut costs in the face of changes in U.S. health care and the regulatory environment.
Boeing Co. gave a 2011 income outlook 15% below analyst estimates on Wednesday, reflecting an unprecedented seven delays in its 787 program and new delays in its 747-8 program and less revenue from the U.S. military.
3M's fourth-quarter profit fell 0.7% as margins declined.
Bank of America was also weak after CNBC reported the bank has stopped issuing initial foreclosure notices to homeowners in states that don't require a judge to sign off on foreclosures. The U.S. SEC Commission also charged Merrill Lynch, now owned by Bank of America, with securities fraud for misusing customer order information. Merrill agreed to pay a $10 million penalty.
Health-care giant Johnson & Johnson reported a 12% decline in fourth-quarter earnings and fell short of Wall Street expectations as the company grapples with product recalls and a slowdown in health-care markets.
Travelers' fourth-quarter profit fell 30%.
Verizon Communications added fewer smartphone customers in the fourth quarter and missed analysts' expectations.
The dollar strengthens and gold falls in price as the world discovers the best inflation adjusted returns are found in the USA. The Net long-term TIC Flows for November show a sharp trend reversal as the world buys US dollars and treasuries for a safe higher rate of return like the USA banks have enjoyed at 0.25% cost for the last two years.
With a 0.25% cost and a guaranteed 1.88% return banks make money. While investors are forcing European governments from Greece to Ireland to cut spending as governments prepare to sell $1.1 trillion of bonds this year, demand at Treasury auctions has been the highest on record. The precious metals trend line is now down steeply
World Markets:
The Islamic terrorist group Hezbollah is likely to become the next Lebanese government and exterminate Christians and Jews.
Obama has not brought peace to the Islamic terrorist states they are expanding under him. Mass violent protests erupt among Islamic allies of Obama regime. Obama allies are falling to more extreme anti-Western groups.
Britain’s economy unexpectedly shrank the most in more than a year in the fourth quarter as gross domestic product fell 0.5 percent after increasing 0.7 percent in the previous quarter, the Office for National Statistics said in London today.
The USA lost over $300 Billion in trade with China and that is not counting the theft of our technology. Even Apple Corp profits all go to Chinese workers and hurt America's balance of payments.
Chinese have massive illegalities and sucker sales like Hutchison Whampoa Ltd.’s sale. The Asian criminals are essentially selling their Brooklyn Bridge. Red China engages in practices that are illegal in the Free World. China is creating monopolies and cornering the market in Rare Earth's the way criminal organizations did a century ago. China thus is causing shortages and driving up prices all around the world and they are causing unemployment in manufacturing nations in the Asian ring. Remember China illegally imprisoned two Americans for doing diligent economic research for fear the Americans would expose Red China's economic corruption. Their Nobel Peace Prizewinner was thrown in jail because he accepted the peace prize. China should free the two Americans and let their Nobel Prize winner leave China.
Business trends
This week:
Case-Shiller 20-city Index Nov The Standard & Poor's/Case-Shiller composite index of 20 metropolitan areas declined 0.5 percent in November from October on a seasonally adjusted basis. The closely watched survey showed Single-family home prices fell for a fifth straight month in November and could plumb new lows soon. "A double-dip could be confirmed before Spring," said David Blitzer, chairman of the index committee at S&P. Blitzer defined a double-dip as both the 10 and 20-city composite indices setting new post-peak lows.
Consumer Confidence Jan rose to 60.6 from 53.3 in December
FHFA Housing Price Index Nov showed no improvement after improving 0.7% last month
MBA Mortgage Purchase Index 01/21 fell -12.9% after rising +5% last Month
New Home Sales Dec was manipulated to 329K by dropping the sales number from last month of 290K
Crude Inventories 01/22 rose to 4.84M from 2.62M last week
FOMC Rate Decision Jan TBD
Initial Claims 01/22 454K new claims up from 403K last week and the highest in 8 months.
Continuing Claims 01/22 3991K up from 3861K
Durable Orders Dec down -2.5% after being down only -0.1% last month.
Durable Orders ex Transportation Dec up 0.5% after being up 4.5% last month.
Pending Home Sales Nov up 2.0% after being up 3.5% last month
Today
Jan 28 8:30 AM GDP-Adv. Q4
Jan 28 8:30 AM Chain Deflator-Adv. Q4
Jan 28 8:30 AM Employment Cost Index Q4
Jan 28 9:55 AM Michigan Sentiment - Final Jan
Market Outlook Jan 28, 2011
Dow retreated from 12000 target.
While earnings and economic reports have been poor these past two weeks the market has ignored the news.
Hedge fund manipulators still control the American stock market. This is not an environment for individual investors. The next drop will not be pretty. Economies around the world face a slowdown as government pretends to create useful jobs as good people in private industry are let go because private businesses cannot produce clear profits.
World Markets
Asian markets were down last night. China's market was up 0.1%, Hong Kong down -0.7%, India closed, Jakarta down -0.8%and Japan down -0.3%,
European markets are down this morning in a range of about 0.2% to -0.8% half way through their day.
US pre-market futures are flat about 0.0 % at 9:00 AM EST.
New York Attorney General Eric Schneiderman said he is creating a unit to target multi-state corporate tax fraud schemes, corrupt contractors and firms that rip off public pension funds.
Former AIG chairman, Golub said, "AIG shouldn’t exist," today on Bloomberg Television’s “In the Loop with Betty Liu.” The New York-based company should be split, making independent firms of property-casualty unit and their life insurer.
A rush of fourth-quarter earnings reports from Dow components and data showing declining home prices (down 30% nationwide) weighed on the market. The underlying theme is that there are problems bubbling below the surface from an economic standpoint and those problems simply can't be ignored. As the market has climbed, companies have faced mounting pressure to cook the books in order to impress hedge funds that almost entirely have moved from the short side to the long side.
General Motors said on Thursday that it was withdrawing its application to borrow $14.4 billion from a pool of federal money intended to help automakers. The request had been pending with the Department of Energy for 15 months, said the decision to withdraw was based on the fact that it gave the appearance that they still were on the taxpayer dole and would be perceived to be a great Obama failure.
Ford stock drops but early reported earnings make little sense with revenues up but earnings did not meet expectations in 4th quarter.
United and Continental merged on Oct. 1, 2010 and the company suffered $325 million net loss during the fourth quarter, their first quarter of merger from writing down good will and worthless assets.
Abbott Laboratories' (ABT) said it would lay off 1,900 of its work force in response to U.S. policies, and the health-products maker reported a 6.4% drop in fourth-quarter earnings. The elimination of about 1,900 jobs will be primarily in Abbott's U.S. operations. Abbott attributed the cuts to a need to cut costs in the face of changes in U.S. health care and the regulatory environment.
Boeing Co. gave a 2011 income outlook 15% below analyst estimates on Wednesday, reflecting an unprecedented seven delays in its 787 program and new delays in its 747-8 program and less revenue from the U.S. military.
3M's fourth-quarter profit fell 0.7% as margins declined.
Bank of America was also weak after CNBC reported the bank has stopped issuing initial foreclosure notices to homeowners in states that don't require a judge to sign off on foreclosures. The U.S. SEC Commission also charged Merrill Lynch, now owned by Bank of America, with securities fraud for misusing customer order information. Merrill agreed to pay a $10 million penalty.
Health-care giant Johnson & Johnson reported a 12% decline in fourth-quarter earnings and fell short of Wall Street expectations as the company grapples with product recalls and a slowdown in health-care markets.
Travelers' fourth-quarter profit fell 30%.
Verizon Communications added fewer smartphone customers in the fourth quarter and missed analysts' expectations.
The dollar strengthens and gold falls in price as the world discovers the best inflation adjusted returns are found in the USA. The Net long-term TIC Flows for November show a sharp trend reversal as the world buys US dollars and treasuries for a safe higher rate of return like the USA banks have enjoyed at 0.25% cost for the last two years.
With a 0.25% cost and a guaranteed 1.88% return banks make money. While investors are forcing European governments from Greece to Ireland to cut spending as governments prepare to sell $1.1 trillion of bonds this year, demand at Treasury auctions has been the highest on record. The precious metals trend line is now down steeply
World Markets:
The Islamic terrorist group Hezbollah is likely to become the next Lebanese government and exterminate Christians and Jews.
Obama has not brought peace to the Islamic terrorist states they are expanding under him. Mass violent protests erupt among Islamic allies of Obama regime. Obama allies are falling to more extreme anti-Western groups.
Britain’s economy unexpectedly shrank the most in more than a year in the fourth quarter as gross domestic product fell 0.5 percent after increasing 0.7 percent in the previous quarter, the Office for National Statistics said in London today.
The USA lost over $300 Billion in trade with China and that is not counting the theft of our technology. Even Apple Corp profits all go to Chinese workers and hurt America's balance of payments.
Chinese have massive illegalities and sucker sales like Hutchison Whampoa Ltd.’s sale. The Asian criminals are essentially selling their Brooklyn Bridge. Red China engages in practices that are illegal in the Free World. China is creating monopolies and cornering the market in Rare Earth's the way criminal organizations did a century ago. China thus is causing shortages and driving up prices all around the world and they are causing unemployment in manufacturing nations in the Asian ring. Remember China illegally imprisoned two Americans for doing diligent economic research for fear the Americans would expose Red China's economic corruption. Their Nobel Peace Prizewinner was thrown in jail because he accepted the peace prize. China should free the two Americans and let their Nobel Prize winner leave China.
Business trends
This week:
Case-Shiller 20-city Index Nov The Standard & Poor's/Case-Shiller composite index of 20 metropolitan areas declined 0.5 percent in November from October on a seasonally adjusted basis. The closely watched survey showed Single-family home prices fell for a fifth straight month in November and could plumb new lows soon. "A double-dip could be confirmed before Spring," said David Blitzer, chairman of the index committee at S&P. Blitzer defined a double-dip as both the 10 and 20-city composite indices setting new post-peak lows.
Consumer Confidence Jan rose to 60.6 from 53.3 in December
FHFA Housing Price Index Nov showed no improvement after improving 0.7% last month
MBA Mortgage Purchase Index 01/21 fell -12.9% after rising +5% last Month
New Home Sales Dec was manipulated to 329K by dropping the sales number from last month of 290K
Crude Inventories 01/22 rose to 4.84M from 2.62M last week
FOMC Rate Decision Jan TBD
Initial Claims 01/22 454K new claims up from 403K last week and the highest in 8 months.
Continuing Claims 01/22 3991K up from 3861K
Durable Orders Dec down -2.5% after being down only -0.1% last month.
Durable Orders ex Transportation Dec up 0.5% after being up 4.5% last month.
Pending Home Sales Nov up 2.0% after being up 3.5% last month
Today
Jan 28 8:30 AM GDP-Adv. Q4
Jan 28 8:30 AM Chain Deflator-Adv. Q4
Jan 28 8:30 AM Employment Cost Index Q4
Jan 28 9:55 AM Michigan Sentiment - Final Jan
Market Outlook Jan 28, 2011
Dow retreated from 12000 target.
While earnings and economic reports have been poor these past two weeks the market has ignored the news.
Hedge fund manipulators still control the American stock market. This is not an environment for individual investors. The next drop will not be pretty. Economies around the world face a slowdown as government pretends to create useful jobs as good people in private industry are let go because private businesses cannot produce clear profits.
World Markets
Asian markets were down last night. China's market was up 0.1%, Hong Kong down -0.7%, India closed, Jakarta down -0.8%and Japan down -0.3%,
European markets are down this morning in a range of about 0.2% to -0.8% half way through their day.
US pre-market futures are flat about 0.0 % at 9:00 AM EST.
Thursday, January 27, 2011
The weather this quarter is taking a toll with floods and blizzards everywhere.
The weather this quarter is taking a great toll with floods and blizzards everywhere.
A rush of fourth-quarter earnings reports from Dow components and data showing declining home prices (down 30% nationwide) weighed on the market. The underlying theme is that there are problems bubbling below the surface from an economic standpoint and those problems simply can't be ignored. As the market has climbed, companies have faced mounting pressure to cook the books in order to impress hedge funds who almost entirely have moved from the short side to the long side.
United and Continental merged on Oct. 1, 2010 and the company suffered $325 million net loss during the fourth quarter, their first quarter of merger from writing down good will and worthless assets.
Abbott Laboratories' (ABT) said it would lay off 1,900 of its work force in response to U.S. policies, and the health-products maker reported a 6.4% drop in fourth-quarter earnings. The elimination of about 1,900 jobs will be primarily in Abbott's U.S. operations. Abbott attributed the cuts to a need to cut costs in the face of changes in U.S. health care and the regulatory environment.
Boeing Co. gave a 2011 income outlook 15% below analyst estimates on Wednesday, reflecting an unprecedented seven delays in its 787 program and new delays in its 747-8 program and less revenue from the U.S. military.
3M's fourth-quarter profit fell 0.7% as margins declined.
Bank of America was also weak after CNBC reported the bank has stopped issuing initial foreclosure notices to homeowners in states that don't require a judge to sign off on foreclosures. The U.S. SEC Commission also charged Merrill Lynch, now owned by Bank of America, with securities fraud for misusing customer order information. Merrill agreed to pay a $10 million penalty.
Health-care giant Johnson & Johnson reported a 12% decline in fourth-quarter earnings and fell short of Wall Street expectations as the company grapples with product recalls and a slowdown in health-care markets.
Travelers' fourth-quarter profit fell 30%.
Verizon Communications added fewer smartphone customers in the fourth quarter and missed analysts' expectations.
The dollar strengthens and gold falls in price as the world discovers the best inflation adjusted returns are found in the USA. The Net long-term TIC Flows for November show a sharp trend reversal as the world buys US dollars and treasuries for a safe higher rate of return like the USA banks have enjoyed at 0.25% cost for the last two years.
With a 0.25% cost and a guaranteed 1.88% return banks make money. While investors are forcing European governments from Greece to Ireland to cut spending as governments prepare to sell $1.1 trillion of bonds this year, demand at Treasury auctions has been the highest on record. The precious metals trend line is now down steeply
World Markets:
The Islamic terrorist group Hezbollah is likely to become the next Lebanese government and exterminate Christians and Jews.
Islamists kill again at Moscow's busiest airport.
Chancellor Angela Merkel’s coalition rejected an appeal by the European Union’s top economic official, Rehn, to back more crisis-fighting measures, underlining the risks to EU efforts to calm the euro-area debt turmoil. The precious metals trend line is now down steeply
Britain’s economy unexpectedly shrank the most in more than a year in the fourth quarter as gross domestic product fell 0.5 percent after increasing 0.7 percent in the previous quarter, the Office for National Statistics said in London today.
The USA lost over $300 Billion in trade with China and that is not counting the theft of our technology. Even Apple Corp profits all go to Chinese workers and hurt America's balance of payments.
Chinese have massive illegalities and sucker sales like Hutchison Whampoa Ltd.’s sale. The Asian criminals are essentially selling their Brooklyn Bridge. Red China engages in practices that are illegal in the Free World. China is creating monopolies and cornering the market in Rare Earth's the way criminal organizations did a century ago. China thus is causing shortages and driving up prices all around the world and they are causing unemployment in manufacturing nations in the Asian ring. Remember they illegally imprisoned two Americans for doing diligent economic research for fear the Americans would expose Red China's economic corruption. Their Nobel Peace Prizewinner was thrown in jail because he accepted the peace prize. China should free the two Americans and let their Nobel Prize winner leave China.
Business trends
Friday
Crude Inventories 01/15 Jumped over 2M after declining by similar amounts in past weeks. Red China is behind the higher commodity prices around the world, not because they are doing well but because they bought up much of the world's natural resources in every continent and are raising prices to squeeze the free world.
This week:
Case-Shiller 20-city Index Nov The Standard & Poor's/Case-Shiller composite index of 20 metropolitan areas declined 0.5 percent in November from October on a seasonally adjusted basis. The closely watched survey showed Single-family home prices fell for a fifth straight month in November and could plumb new lows soon. "A double-dip could be confirmed before Spring," said David Blitzer, chairman of the index committee at S&P. Blitzer defined a double-dip as both the 10 and 20-city composite indices setting new post-peak lows.
Consumer Confidence Jan rose to 60.6 from 53.3 in December
FHFA Housing Price Index Nov showed no improvement after improving 0.7% last month
MBA Mortgage Purchase Index 01/21 fell -12.9% after rising +5% last Month
New Home Sales Dec was manipulated to 329K by dropping the sales number from last month of 290K
Crude Inventories 01/22 rose to 4.84M from 2.62M last week
FOMC Rate Decision Jan TBD
Today
Jan 27 8:30 AM Initial Claims 01/22
Jan 27 8:30 AM Continuing Claims 01/22
Jan 27 8:30 AM Durable Orders Dec
Jan 27 8:30 AM Durable Orders ex Transportation Dec
Jan 27 10:00 AM Pending Home Sales Nov
Jan 28 8:30 AM GDP-Adv. Q4
Jan 28 8:30 AM Chain Deflator-Adv. Q4
Jan 28 8:30 AM Employment Cost Index Q4
Jan 28 9:55 AM Michigan Sentiment - Final Jan
Market Outlook Jan 27, 2011
Hedge fund manipulators still control the American stock market. This is not an environment for individual investors. The next drop will not be pretty. Economies around the world face a slowdown as government pretends to create useful jobs as good people in private industry are let go because private businesses cannot produce clear profits.
The socialists have turned the American safety net into a hammock. The billions that went into banks and business must be paid back but the billion Obama spent on APORN and other activist projects went into hammocks for idled.
World Markets
Asian markets were mixed last night. China's market was up 1.4%, Hong Kong down -0.3%, India closed, and Japan up 0.7%,
European markets are up this morning in a range of about 0.1% to 0.4% half way through their day.
US pre-market futures are flat about 0.1 % at 9:00 AM EST.
A rush of fourth-quarter earnings reports from Dow components and data showing declining home prices (down 30% nationwide) weighed on the market. The underlying theme is that there are problems bubbling below the surface from an economic standpoint and those problems simply can't be ignored. As the market has climbed, companies have faced mounting pressure to cook the books in order to impress hedge funds who almost entirely have moved from the short side to the long side.
United and Continental merged on Oct. 1, 2010 and the company suffered $325 million net loss during the fourth quarter, their first quarter of merger from writing down good will and worthless assets.
Abbott Laboratories' (ABT) said it would lay off 1,900 of its work force in response to U.S. policies, and the health-products maker reported a 6.4% drop in fourth-quarter earnings. The elimination of about 1,900 jobs will be primarily in Abbott's U.S. operations. Abbott attributed the cuts to a need to cut costs in the face of changes in U.S. health care and the regulatory environment.
Boeing Co. gave a 2011 income outlook 15% below analyst estimates on Wednesday, reflecting an unprecedented seven delays in its 787 program and new delays in its 747-8 program and less revenue from the U.S. military.
3M's fourth-quarter profit fell 0.7% as margins declined.
Bank of America was also weak after CNBC reported the bank has stopped issuing initial foreclosure notices to homeowners in states that don't require a judge to sign off on foreclosures. The U.S. SEC Commission also charged Merrill Lynch, now owned by Bank of America, with securities fraud for misusing customer order information. Merrill agreed to pay a $10 million penalty.
Health-care giant Johnson & Johnson reported a 12% decline in fourth-quarter earnings and fell short of Wall Street expectations as the company grapples with product recalls and a slowdown in health-care markets.
Travelers' fourth-quarter profit fell 30%.
Verizon Communications added fewer smartphone customers in the fourth quarter and missed analysts' expectations.
The dollar strengthens and gold falls in price as the world discovers the best inflation adjusted returns are found in the USA. The Net long-term TIC Flows for November show a sharp trend reversal as the world buys US dollars and treasuries for a safe higher rate of return like the USA banks have enjoyed at 0.25% cost for the last two years.
With a 0.25% cost and a guaranteed 1.88% return banks make money. While investors are forcing European governments from Greece to Ireland to cut spending as governments prepare to sell $1.1 trillion of bonds this year, demand at Treasury auctions has been the highest on record. The precious metals trend line is now down steeply
World Markets:
The Islamic terrorist group Hezbollah is likely to become the next Lebanese government and exterminate Christians and Jews.
Islamists kill again at Moscow's busiest airport.
Chancellor Angela Merkel’s coalition rejected an appeal by the European Union’s top economic official, Rehn, to back more crisis-fighting measures, underlining the risks to EU efforts to calm the euro-area debt turmoil. The precious metals trend line is now down steeply
Britain’s economy unexpectedly shrank the most in more than a year in the fourth quarter as gross domestic product fell 0.5 percent after increasing 0.7 percent in the previous quarter, the Office for National Statistics said in London today.
The USA lost over $300 Billion in trade with China and that is not counting the theft of our technology. Even Apple Corp profits all go to Chinese workers and hurt America's balance of payments.
Chinese have massive illegalities and sucker sales like Hutchison Whampoa Ltd.’s sale. The Asian criminals are essentially selling their Brooklyn Bridge. Red China engages in practices that are illegal in the Free World. China is creating monopolies and cornering the market in Rare Earth's the way criminal organizations did a century ago. China thus is causing shortages and driving up prices all around the world and they are causing unemployment in manufacturing nations in the Asian ring. Remember they illegally imprisoned two Americans for doing diligent economic research for fear the Americans would expose Red China's economic corruption. Their Nobel Peace Prizewinner was thrown in jail because he accepted the peace prize. China should free the two Americans and let their Nobel Prize winner leave China.
Business trends
Friday
Crude Inventories 01/15 Jumped over 2M after declining by similar amounts in past weeks. Red China is behind the higher commodity prices around the world, not because they are doing well but because they bought up much of the world's natural resources in every continent and are raising prices to squeeze the free world.
This week:
Case-Shiller 20-city Index Nov The Standard & Poor's/Case-Shiller composite index of 20 metropolitan areas declined 0.5 percent in November from October on a seasonally adjusted basis. The closely watched survey showed Single-family home prices fell for a fifth straight month in November and could plumb new lows soon. "A double-dip could be confirmed before Spring," said David Blitzer, chairman of the index committee at S&P. Blitzer defined a double-dip as both the 10 and 20-city composite indices setting new post-peak lows.
Consumer Confidence Jan rose to 60.6 from 53.3 in December
FHFA Housing Price Index Nov showed no improvement after improving 0.7% last month
MBA Mortgage Purchase Index 01/21 fell -12.9% after rising +5% last Month
New Home Sales Dec was manipulated to 329K by dropping the sales number from last month of 290K
Crude Inventories 01/22 rose to 4.84M from 2.62M last week
FOMC Rate Decision Jan TBD
Today
Jan 27 8:30 AM Initial Claims 01/22
Jan 27 8:30 AM Continuing Claims 01/22
Jan 27 8:30 AM Durable Orders Dec
Jan 27 8:30 AM Durable Orders ex Transportation Dec
Jan 27 10:00 AM Pending Home Sales Nov
Jan 28 8:30 AM GDP-Adv. Q4
Jan 28 8:30 AM Chain Deflator-Adv. Q4
Jan 28 8:30 AM Employment Cost Index Q4
Jan 28 9:55 AM Michigan Sentiment - Final Jan
Market Outlook Jan 27, 2011
Hedge fund manipulators still control the American stock market. This is not an environment for individual investors. The next drop will not be pretty. Economies around the world face a slowdown as government pretends to create useful jobs as good people in private industry are let go because private businesses cannot produce clear profits.
The socialists have turned the American safety net into a hammock. The billions that went into banks and business must be paid back but the billion Obama spent on APORN and other activist projects went into hammocks for idled.
World Markets
Asian markets were mixed last night. China's market was up 1.4%, Hong Kong down -0.3%, India closed, and Japan up 0.7%,
European markets are up this morning in a range of about 0.1% to 0.4% half way through their day.
US pre-market futures are flat about 0.1 % at 9:00 AM EST.
Wednesday, January 26, 2011
President promises Democrats will stall health care reform by reading the bill this time. The last time Democrats ram-rodded down America's throat
President promises Democrats will stall health care reform by reading the bill this time. The last time Democrats ram-rodded it down America's throat with no democrats reading the bill. Remember when Pelosi said they could read it after it is passed and find out then what is in the bill? Will they also discuss the heath care section on a domestic guard for the president modeled after Fidel Castro's and Chavez's?
Investors are trading cautiously as the Federal Reserve's policy committee kicked off a two-day meeting.
A rush of fourth-quarter earnings reports from Dow components and data showing declining home prices (down 30% nationwide) weighed on the market. The underlying theme is that there are problems bubbling below the surface from an economic standpoint and those problems simply can't be ignored. As the market has climbed, companies have faced mounting pressure to cook the books in order to impress investors.
3M's fourth-quarter profit fell 0.7% as margins declined.
Bank of America was also weak after CNBC reported the bank has stopped issuing initial foreclosure notices to homeowners in states that don't require a judge to sign off on foreclosures. The U.S. SEC Commission also charged Merrill Lynch, now owned by Bank of America, with securities fraud for misusing customer order information. Merrill agreed to pay a $10 million penalty.
Health-care giant Johnson & Johnson reported a 12% decline in fourth-quarter earnings and fell short of Wall Street expectations as the company grapples with product recalls and a slowdown in health-care markets.
Travelers' fourth-quarter profit fell 30%.
Verizon Communications added fewer smartphone customers in the fourth quarter and missed analysts' expectations.
The dollar strengthens and gold falls in price as the world discovers the best inflation adjusted returns are found in the USA. The Net long-term TIC Flows for November show a sharp trend reversal as the world buys US dollars and treasuries for a safe higher rate of return like the USA banks have enjoyed at 0.25% cost for the last two years.
With a 0.25% cost and a guaranteed 1.88% return banks make money. While investors are forcing European governments from Greece to Ireland to cut spending as governments prepare to sell $1.1 trillion of bonds this year, demand at Treasury auctions has been the highest on record. The precious metals trend line is now down steeply
World Markets:
The Islamic terrorist group Hezbollah is likely to become the next Lebanese government and exterminate Christians and Jews.
Islamists kill again at Moscow's busiest airport.
Chancellor Angela Merkel’s coalition rejected an appeal by the European Union’s top economic official, Rehn, to back more crisis-fighting measures, underlining the risks to EU efforts to calm the euro-area debt turmoil. The precious metals trend line is now down steeply
Britain’s economy unexpectedly shrank the most in more than a year in the fourth quarter as gross domestic product fell 0.5 percent after increasing 0.7 percent in the previous quarter, the Office for National Statistics said in London today.
The USA lost over $300 Billion in trade with China and that is not counting the theft of our technology. Even Apple Corp profits all go to Chinese workers and hurt America's balance of payments.
Chinese have massive illegalities and sucker sales like Hutchison Whampoa Ltd.’s sale. The Asian criminals are essentially selling their Brooklyn Bridge. Red China engages in practices that are illegal in the Free World. China is creating monopolies and cornering the market in Rare Earth's the way criminal organizations did a century ago. China thus is causing shortages and driving up prices all around the world and they are causing unemployment in manufacturing nations in the Asian ring. Remember they illegally imprisoned two Americans for doing diligent economic research for fear the Americans would expose Red China's economic corruption. Their Nobel Peace Prizewinner was thrown in jail because he accepted the peace prize. China should free the two Americans and let their Nobel Prize winner leave China.
Business trends
Friday
Crude Inventories 01/15 Jumped over 2M after declining by similar amounts in past weeks. Red China is behind the higher commodity prices around the world, not because they are doing well but because they bought up much of the world's natural resources in every continent and are raising prices to squeeze the free world.
This week:
Case-Shiller 20-city Index Nov The Standard & Poor's/Case-Shiller composite index of 20 metropolitan areas declined 0.5 percent in November from October on a seasonally adjusted basis. The closely watched survey showed Single-family home prices fell for a fifth straight month in November and could plumb new lows soon. "A double-dip could be confirmed before Spring," said David Blitzer, chairman of the index committee at S&P. Blitzer defined a double-dip as both the 10 and 20-city composite indices setting new post-peak lows.
Consumer Confidence Jan rose to 60.6 from 53.3 in December
FHFA Housing Price Index Nov showed no improvement after improving 0.7% last month
Today
Jan 26 7:00 AM MBA Mortgage Purchase Index 01/21
Jan 26 10:00 AM New Home Sales Dec
Jan 26 10:30 AM Crude Inventories 01/22
Jan 26 2:15 PM FOMC Rate Decision Jan
Jan 27 8:30 AM Initial Claims 01/22
Jan 27 8:30 AM Continuing Claims 01/22
Jan 27 8:30 AM Durable Orders Dec
Jan 27 8:30 AM Durable Orders ex Transportation Dec
Jan 27 10:00 AM Pending Home Sales Nov
Jan 28 8:30 AM GDP-Adv. Q4
Jan 28 8:30 AM Chain Deflator-Adv. Q4
Jan 28 8:30 AM Employment Cost Index Q4
Jan 28 9:55 AM Michigan Sentiment - Final Jan
Market Outlook Jan 26, 2011
GE socialists/ MSNBC/Pravda CEO is now Obama's chief economic advisor. The business community calls it socialism with capitalist cronies the way National Socialists like to do it as opposed to international Communism the way Obama's staff liked it last year. American hedge funds first shorted private education corporations last year and then they went to Obama and slammed the corporations and had Obama load the firms up with new regulations. The hedge funds then made a killing as Obama's regulators drove the education companies into the ground. That is Obama's education policy. It is pure criminal Nationalist Socialist style hedge fund crony capitalism. Individual investors beware.
Market manipulators still control the American stock market. This is not an environment for individual investors.
Currently American hedge funds remain at historic levels of optimism while the economy continues to slow from the 2.5% rate Obama reported last year and then continued to revise downward. Most are already fully invested. Short Selling Against S&P 500 Companies is at a one-year low, lower than before the May Flash Crash. American technology stocks are overpriced because General Electric socialists/ MSNBC/Pravda are selling out other American companies by giving away American technology to curry favor with the communists of China.
Rep. Paul Ryan and House Republicans embark today on an effort to significantly slash federal spending, including one prominent congressman promising to engineer 'the largest series of spending cuts in the history of Congress.'
By mid year we expect state and federal worker layoffs because the socialists have not put their government houses in order and the Tea Party wants smaller government. Raising taxes would allow states go even deeper in the hole with union contracts and tip into default. Many predict a major sell off at mid year when several individual states also are in budget crisis. But typically the stock market is six months ahead of economy. QE2 ends mid year but that is likely to be extended.
World Markets
Asian markets were mixed last night. China's market was up, 1.2%, Hong Kong up 0.2%, India closed, and Japan down 0.6%,
European markets are up this morning in a range of about 0.1% to 1.2% half way through their day.
US pre-market futures are flat about 0.4 % at 7:00 AM EST.
Investors are trading cautiously as the Federal Reserve's policy committee kicked off a two-day meeting.
A rush of fourth-quarter earnings reports from Dow components and data showing declining home prices (down 30% nationwide) weighed on the market. The underlying theme is that there are problems bubbling below the surface from an economic standpoint and those problems simply can't be ignored. As the market has climbed, companies have faced mounting pressure to cook the books in order to impress investors.
3M's fourth-quarter profit fell 0.7% as margins declined.
Bank of America was also weak after CNBC reported the bank has stopped issuing initial foreclosure notices to homeowners in states that don't require a judge to sign off on foreclosures. The U.S. SEC Commission also charged Merrill Lynch, now owned by Bank of America, with securities fraud for misusing customer order information. Merrill agreed to pay a $10 million penalty.
Health-care giant Johnson & Johnson reported a 12% decline in fourth-quarter earnings and fell short of Wall Street expectations as the company grapples with product recalls and a slowdown in health-care markets.
Travelers' fourth-quarter profit fell 30%.
Verizon Communications added fewer smartphone customers in the fourth quarter and missed analysts' expectations.
The dollar strengthens and gold falls in price as the world discovers the best inflation adjusted returns are found in the USA. The Net long-term TIC Flows for November show a sharp trend reversal as the world buys US dollars and treasuries for a safe higher rate of return like the USA banks have enjoyed at 0.25% cost for the last two years.
With a 0.25% cost and a guaranteed 1.88% return banks make money. While investors are forcing European governments from Greece to Ireland to cut spending as governments prepare to sell $1.1 trillion of bonds this year, demand at Treasury auctions has been the highest on record. The precious metals trend line is now down steeply
World Markets:
The Islamic terrorist group Hezbollah is likely to become the next Lebanese government and exterminate Christians and Jews.
Islamists kill again at Moscow's busiest airport.
Chancellor Angela Merkel’s coalition rejected an appeal by the European Union’s top economic official, Rehn, to back more crisis-fighting measures, underlining the risks to EU efforts to calm the euro-area debt turmoil. The precious metals trend line is now down steeply
Britain’s economy unexpectedly shrank the most in more than a year in the fourth quarter as gross domestic product fell 0.5 percent after increasing 0.7 percent in the previous quarter, the Office for National Statistics said in London today.
The USA lost over $300 Billion in trade with China and that is not counting the theft of our technology. Even Apple Corp profits all go to Chinese workers and hurt America's balance of payments.
Chinese have massive illegalities and sucker sales like Hutchison Whampoa Ltd.’s sale. The Asian criminals are essentially selling their Brooklyn Bridge. Red China engages in practices that are illegal in the Free World. China is creating monopolies and cornering the market in Rare Earth's the way criminal organizations did a century ago. China thus is causing shortages and driving up prices all around the world and they are causing unemployment in manufacturing nations in the Asian ring. Remember they illegally imprisoned two Americans for doing diligent economic research for fear the Americans would expose Red China's economic corruption. Their Nobel Peace Prizewinner was thrown in jail because he accepted the peace prize. China should free the two Americans and let their Nobel Prize winner leave China.
Business trends
Friday
Crude Inventories 01/15 Jumped over 2M after declining by similar amounts in past weeks. Red China is behind the higher commodity prices around the world, not because they are doing well but because they bought up much of the world's natural resources in every continent and are raising prices to squeeze the free world.
This week:
Case-Shiller 20-city Index Nov The Standard & Poor's/Case-Shiller composite index of 20 metropolitan areas declined 0.5 percent in November from October on a seasonally adjusted basis. The closely watched survey showed Single-family home prices fell for a fifth straight month in November and could plumb new lows soon. "A double-dip could be confirmed before Spring," said David Blitzer, chairman of the index committee at S&P. Blitzer defined a double-dip as both the 10 and 20-city composite indices setting new post-peak lows.
Consumer Confidence Jan rose to 60.6 from 53.3 in December
FHFA Housing Price Index Nov showed no improvement after improving 0.7% last month
Today
Jan 26 7:00 AM MBA Mortgage Purchase Index 01/21
Jan 26 10:00 AM New Home Sales Dec
Jan 26 10:30 AM Crude Inventories 01/22
Jan 26 2:15 PM FOMC Rate Decision Jan
Jan 27 8:30 AM Initial Claims 01/22
Jan 27 8:30 AM Continuing Claims 01/22
Jan 27 8:30 AM Durable Orders Dec
Jan 27 8:30 AM Durable Orders ex Transportation Dec
Jan 27 10:00 AM Pending Home Sales Nov
Jan 28 8:30 AM GDP-Adv. Q4
Jan 28 8:30 AM Chain Deflator-Adv. Q4
Jan 28 8:30 AM Employment Cost Index Q4
Jan 28 9:55 AM Michigan Sentiment - Final Jan
Market Outlook Jan 26, 2011
GE socialists/ MSNBC/Pravda CEO is now Obama's chief economic advisor. The business community calls it socialism with capitalist cronies the way National Socialists like to do it as opposed to international Communism the way Obama's staff liked it last year. American hedge funds first shorted private education corporations last year and then they went to Obama and slammed the corporations and had Obama load the firms up with new regulations. The hedge funds then made a killing as Obama's regulators drove the education companies into the ground. That is Obama's education policy. It is pure criminal Nationalist Socialist style hedge fund crony capitalism. Individual investors beware.
Market manipulators still control the American stock market. This is not an environment for individual investors.
Currently American hedge funds remain at historic levels of optimism while the economy continues to slow from the 2.5% rate Obama reported last year and then continued to revise downward. Most are already fully invested. Short Selling Against S&P 500 Companies is at a one-year low, lower than before the May Flash Crash. American technology stocks are overpriced because General Electric socialists/ MSNBC/Pravda are selling out other American companies by giving away American technology to curry favor with the communists of China.
Rep. Paul Ryan and House Republicans embark today on an effort to significantly slash federal spending, including one prominent congressman promising to engineer 'the largest series of spending cuts in the history of Congress.'
By mid year we expect state and federal worker layoffs because the socialists have not put their government houses in order and the Tea Party wants smaller government. Raising taxes would allow states go even deeper in the hole with union contracts and tip into default. Many predict a major sell off at mid year when several individual states also are in budget crisis. But typically the stock market is six months ahead of economy. QE2 ends mid year but that is likely to be extended.
World Markets
Asian markets were mixed last night. China's market was up, 1.2%, Hong Kong up 0.2%, India closed, and Japan down 0.6%,
European markets are up this morning in a range of about 0.1% to 1.2% half way through their day.
US pre-market futures are flat about 0.4 % at 7:00 AM EST.
Tuesday, January 25, 2011
Bloomberg says we are now on top of the biggest equity rally in more than five decades while the US double dip continues.
Bloomberg says we are now on top of the biggest equity rally in more than five decades while the US double dip continues.
Optimism continues without bounds atop the biggest equity rally in more than five decades has lifted the S&P 500 above its level when Lehman Brothers Holdings Inc. collapsed in September 2008. USA leading Indicators Dec were up only 1%, which is lower than the 1.1% before Christmas, and much lower than the 2.5% rate earlier in 2010. The current stock market bubble is the only thing keeping the US Leading indicators up.
The dollar strengthens and gold falls in price as the world discovers the best inflation adjusted returns are found in the USA. The Net long-term TIC Flows for November show a sharp trend reversal as the world buys US dollars and treasuries for a safe higher rate of return like the USA banks have enjoyed at 0.25% cost for the last two years.
With a 0.25% cost and a guaranteed 1.88% return banks make money. While investors are forcing European governments from Greece to Ireland to cut spending as governments prepare to sell $1.1 trillion of bonds this year, demand at Treasury auctions has been the highest on record.
The precious metals trend line is now down
Islamists kill again at Moscow's busiest airport.
World Markets:
The Islamic terrorist group Hezbollah likely to become the next Lebanese government.
Britain’s economy unexpectedly shrank the most in more than a year in the fourth quarter as gross domestic product fell 0.5 percent after increasing 0.7 percent in the previous quarter, the Office for National Statistics said in London today. The median forecast in a Bloomberg News survey of 33 economists was for an increase of 0.5 percent. USA leading Indicators Dec were up only 1%, which is lower than the 1.1% before Christmas, and much lower than the 2.5% rate earlier in 2010. The current stock market bubble is the only thing keeping the US Leading indicators up.
World liquidity is shrinking because the USA is seen now as such a safe investment compared with massive illegalities and sucker sales like Hutchison Whampoa Ltd.’s sale. The Asian criminals are essentially selling their Brooklyn Bridge.
Red China engages in practices that are illegal in the Free World where trade must be fair. China is creating monopolies and cornering the market in Rare Earth's the way criminal organizations did a century ago. China thus is causing shortages and driving up prices all around the world and they are causing unemployment in manufacturing nations in the Asian ring. Remember they illegally imprisoned two Americans for doing diligent economic research for fear the Americans would expose Red China's economic corruption. Their Nobel Peace Prizewinner was thrown in jail because he accepted the peace prize. China should free the two Americans and let their Nobel Prize winner leave China.
Business trends
Friday
Crude Inventories 01/15 Jumped over 2M after declining by similar amounts in past weeks. Red China is behind the higher commodity prices around the world, not because they are doing well but because they bought up much of the world's natural resources in every continent and are raising prices to squeeze the free world.
This week:
Jan 25 9:00 AM Case-Shiller 20-city Index Nov
Jan 25 10:00 AM Consumer Confidence Jan
Jan 25 10:00 AM FHFA Housing Price Index Nov
Jan 26 7:00 AM MBA Mortgage Purchase Index 01/21
Jan 26 10:00 AM New Home Sales Dec
Jan 26 10:30 AM Crude Inventories 01/22
Jan 26 2:15 PM FOMC Rate Decision Jan
Jan 27 8:30 AM Initial Claims 01/22
Jan 27 8:30 AM Continuing Claims 01/22
Jan 27 8:30 AM Durable Orders Dec
Jan 27 8:30 AM Durable Orders ex Transportation Dec
Jan 27 10:00 AM Pending Home Sales Nov
Jan 28 8:30 AM GDP-Adv. Q4
Jan 28 8:30 AM Chain Deflator-Adv. Q4
Jan 28 8:30 AM Employment Cost Index Q4
Jan 28 9:55 AM Michigan Sentiment - Final Jan
Market Outlook Jan 25, 2011
GE socialists/ MSNBC/Pravda CEO is now Obama's chief economic advisor.
The stock market volume plummeted 21% yesterday as stocks advance close to recent highs. Will it crash tomorrow after Obama's speech like it did when he was elected and when he gave his first speech?
Currently American investors remain at historic levels of optimism while the economy continues to slow from the 2.5% rate Obama reported last year and then continued to revise downward. Most are already fully invested. Short Selling Against S&P 500 Companies is at a one-year low, lower than before the May Flash Crash. American technology stocks are overpriced because General Electric socialists/ MSNBC/Pravda are selling out other American companies by giving away American technology to curry favor with the communists of China.
Rep. Paul Ryan and House Republicans embark today on an effort to significantly slash federal spending, including one prominent congressman promising to engineer 'the largest series of spending cuts in the history of Congress.'
By mid year we expect state and federal worker layoffs because the socialists have not put their government houses in order and the Tea Party wants smaller government. Raising taxes would allow states go even deeper in the hole with union contracts and tip into default. Many predict a major sell off at mid year when several individual states also are in budget crisis. But typically the stock market is six months ahead of economy. QE2 ends mid year but that is likely to be extended.
World Markets
Asian markets were down last night. China's market was down, -0.7%, Hong Kong down -0.1%, India up 0%, and Japan up 1.1%,
European markets are down this morning in a range of about -0.1% to -0.5% half way through their day.
US pre-market futures are flat about 0.5 % at 8:00 AM EST.
Optimism continues without bounds atop the biggest equity rally in more than five decades has lifted the S&P 500 above its level when Lehman Brothers Holdings Inc. collapsed in September 2008. USA leading Indicators Dec were up only 1%, which is lower than the 1.1% before Christmas, and much lower than the 2.5% rate earlier in 2010. The current stock market bubble is the only thing keeping the US Leading indicators up.
The dollar strengthens and gold falls in price as the world discovers the best inflation adjusted returns are found in the USA. The Net long-term TIC Flows for November show a sharp trend reversal as the world buys US dollars and treasuries for a safe higher rate of return like the USA banks have enjoyed at 0.25% cost for the last two years.
With a 0.25% cost and a guaranteed 1.88% return banks make money. While investors are forcing European governments from Greece to Ireland to cut spending as governments prepare to sell $1.1 trillion of bonds this year, demand at Treasury auctions has been the highest on record.
The precious metals trend line is now down
Islamists kill again at Moscow's busiest airport.
World Markets:
The Islamic terrorist group Hezbollah likely to become the next Lebanese government.
Britain’s economy unexpectedly shrank the most in more than a year in the fourth quarter as gross domestic product fell 0.5 percent after increasing 0.7 percent in the previous quarter, the Office for National Statistics said in London today. The median forecast in a Bloomberg News survey of 33 economists was for an increase of 0.5 percent. USA leading Indicators Dec were up only 1%, which is lower than the 1.1% before Christmas, and much lower than the 2.5% rate earlier in 2010. The current stock market bubble is the only thing keeping the US Leading indicators up.
World liquidity is shrinking because the USA is seen now as such a safe investment compared with massive illegalities and sucker sales like Hutchison Whampoa Ltd.’s sale. The Asian criminals are essentially selling their Brooklyn Bridge.
Red China engages in practices that are illegal in the Free World where trade must be fair. China is creating monopolies and cornering the market in Rare Earth's the way criminal organizations did a century ago. China thus is causing shortages and driving up prices all around the world and they are causing unemployment in manufacturing nations in the Asian ring. Remember they illegally imprisoned two Americans for doing diligent economic research for fear the Americans would expose Red China's economic corruption. Their Nobel Peace Prizewinner was thrown in jail because he accepted the peace prize. China should free the two Americans and let their Nobel Prize winner leave China.
Business trends
Friday
Crude Inventories 01/15 Jumped over 2M after declining by similar amounts in past weeks. Red China is behind the higher commodity prices around the world, not because they are doing well but because they bought up much of the world's natural resources in every continent and are raising prices to squeeze the free world.
This week:
Jan 25 9:00 AM Case-Shiller 20-city Index Nov
Jan 25 10:00 AM Consumer Confidence Jan
Jan 25 10:00 AM FHFA Housing Price Index Nov
Jan 26 7:00 AM MBA Mortgage Purchase Index 01/21
Jan 26 10:00 AM New Home Sales Dec
Jan 26 10:30 AM Crude Inventories 01/22
Jan 26 2:15 PM FOMC Rate Decision Jan
Jan 27 8:30 AM Initial Claims 01/22
Jan 27 8:30 AM Continuing Claims 01/22
Jan 27 8:30 AM Durable Orders Dec
Jan 27 8:30 AM Durable Orders ex Transportation Dec
Jan 27 10:00 AM Pending Home Sales Nov
Jan 28 8:30 AM GDP-Adv. Q4
Jan 28 8:30 AM Chain Deflator-Adv. Q4
Jan 28 8:30 AM Employment Cost Index Q4
Jan 28 9:55 AM Michigan Sentiment - Final Jan
Market Outlook Jan 25, 2011
GE socialists/ MSNBC/Pravda CEO is now Obama's chief economic advisor.
The stock market volume plummeted 21% yesterday as stocks advance close to recent highs. Will it crash tomorrow after Obama's speech like it did when he was elected and when he gave his first speech?
Currently American investors remain at historic levels of optimism while the economy continues to slow from the 2.5% rate Obama reported last year and then continued to revise downward. Most are already fully invested. Short Selling Against S&P 500 Companies is at a one-year low, lower than before the May Flash Crash. American technology stocks are overpriced because General Electric socialists/ MSNBC/Pravda are selling out other American companies by giving away American technology to curry favor with the communists of China.
Rep. Paul Ryan and House Republicans embark today on an effort to significantly slash federal spending, including one prominent congressman promising to engineer 'the largest series of spending cuts in the history of Congress.'
By mid year we expect state and federal worker layoffs because the socialists have not put their government houses in order and the Tea Party wants smaller government. Raising taxes would allow states go even deeper in the hole with union contracts and tip into default. Many predict a major sell off at mid year when several individual states also are in budget crisis. But typically the stock market is six months ahead of economy. QE2 ends mid year but that is likely to be extended.
World Markets
Asian markets were down last night. China's market was down, -0.7%, Hong Kong down -0.1%, India up 0%, and Japan up 1.1%,
European markets are down this morning in a range of about -0.1% to -0.5% half way through their day.
US pre-market futures are flat about 0.5 % at 8:00 AM EST.
Monday, January 24, 2011
Dollar Strengthens From Two-Month Low Versus Euro
Dollar Strengthens From Two-Month Low Versus Euro
The dollar strengthens and gold falls in price as the world discovers the best inflation adjusted returns are found in the USA. The Net long-term TIC Flows for November show a sharp trend reversal as the world buys US dollars and treasuries for a safe higher rate of return like the USA banks have enjoyed at 0.25% cost for the last two years.
With a 0.25% cost and a guaranteed 1.88% return banks make money. While investors are forcing European governments from Greece to Ireland to cut spending as governments prepare to sell $1.1 trillion of bonds this year, demand at Treasury auctions has been the highest on record.
The precious metals trend line is now down
Carbon thieves force European Union to improve security, close spot market. The EU estimates permits worth 29 million Euros ($39 million) may be missing. The European Union, whose decision to suspend registries halted the region’s spot carbon-emissions market following the theft of permits, said it won’t lift restrictions until member states step up identification checks.
World Markets:
World liquidity is shrinking because the USA is seen now as such a safe investment compared with massive illegalities and sucker sales like Hutchison Whampoa Ltd.’s sale. The Asian criminals are essentially selling their Brooklyn Bridge.
Red China engages in practices that are illegal in the Free World where trade must be fair. China is creating monopolies and cornering the market in Rare Earth's the way criminal organizations did a century ago. China thus is causing shortages and driving up prices all around the world and they are causing unemployment in manufacturing nations in the Asian ring. Remember they illegally imprisoned two Americans for doing diligent economic research for fear the Americans would expose Red China's economic corruption. Their Nobel Peace Prizewinner was thrown in jail because he accepted the peace prize. China should free the two Americans and let their Nobel Prize winner leave China.
Business trends
Friday
Leading Indicators Dec were up 1%, which is lower than the 1.1% before Christmas. The current stock market bubble is the only thing keeping the Leading indicators up. This is the opposite of the GE/MSNBC/Proved hype that Americans understood to be just socialist propaganda last November. The declining American unemployment rate by Communist standards is now quoted at half of what the real rate is, but is not yet up to where the FDR socialists put it (25%) during the FDR socialists Great Depression.
Philadelphia Fed Jan was 19.3 significantly poorer that the 24.3 last month. Again it was all GE/MSNBC/Pravada lies to help socialist retain power.
Crude Inventories 01/15 Jumped over 2M after declining by similar amounts in past weeks. Red China is behind the higher commodity prices around the world, not because they are doing well but because they bought up much of the world's natural resources in every continent and are raising prices to squeeze the free world.
This week:
Jan 25 9:00 AM Case-Shiller 20-city Index Nov
Jan 25 10:00 AM Consumer Confidence Jan
Jan 25 10:00 AM FHFA Housing Price Index Nov
Jan 26 7:00 AM MBA Mortgage Purchase Index 01/21
Jan 26 10:00 AM New Home Sales Dec
Jan 26 10:30 AM Crude Inventories 01/22
Jan 26 2:15 PM FOMC Rate Decision Jan
Jan 27 8:30 AM Initial Claims 01/22
Jan 27 8:30 AM Continuing Claims 01/22
Jan 27 8:30 AM Durable Orders Dec
Jan 27 8:30 AM Durable Orders ex Transportation Dec
Jan 27 10:00 AM Pending Home Sales Nov
Jan 28 8:30 AM GDP-Adv. Q4
Jan 28 8:30 AM Chain Deflator-Adv. Q4
Jan 28 8:30 AM Employment Cost Index Q4
Jan 28 9:55 AM Michigan Sentiment - Final Jan
Market Outlook Jan 24, 2011
Cracks are beginning to appear in the American stock market bubble in commodities, gold, energy, and other financial instruments depending on Asia's bubble which is beginning to show incredible amounts of ignorant speculation and corruption getting ready to be exploded. Honesty and trust, not Karl Mark, is what is lacking in Asian expansion.
Currently American investors remain at historic levels of optimism, although there were very few to be found actually investing in recent weeks. Most are already fully invested. Short Selling Against S&P 500 Companies is at a one-year low, lower than before the May Flash Crash. We are seeing evidence that Americans question that Apple and Google could really be worth more than Japan in market cap. American technology stocks are overpriced because General Electric socialists/ MSNBC/Pravda are selling out other American companies by giving away American technology to curry favor with the communists of China.
Rep. Paul Ryan and House Republicans embark today on an effort to significantly slash federal spending, including one prominent congressman promising to engineer 'the largest series of spending cuts in the history of Congress.'
By mid year we expect state and federal worker layoffs because the socialists have not put their government houses in order and the Tea Party wants smaller government. Raising taxes would allow states go even deeper in the hole with union contracts and tip into default. Many predict a major sell off at mid year when several individual states also are in budget crisis. But typically the stock market is six months ahead of economy. QE2 ends mid year but that is likely to be extended.
World Markets
Asian markets were down last night. China's market was down, -0.7%, Hong Kong down -0.3%, India down -0.2%, Jakarta down -1%, and Japan up 0.7%,
European markets are down this morning in a range of about 0.1% to -0.8% half way through their day.
US pre-market futures are flat about 0.0 % at 7:00 AM EST.
The dollar strengthens and gold falls in price as the world discovers the best inflation adjusted returns are found in the USA. The Net long-term TIC Flows for November show a sharp trend reversal as the world buys US dollars and treasuries for a safe higher rate of return like the USA banks have enjoyed at 0.25% cost for the last two years.
With a 0.25% cost and a guaranteed 1.88% return banks make money. While investors are forcing European governments from Greece to Ireland to cut spending as governments prepare to sell $1.1 trillion of bonds this year, demand at Treasury auctions has been the highest on record.
The precious metals trend line is now down
Carbon thieves force European Union to improve security, close spot market. The EU estimates permits worth 29 million Euros ($39 million) may be missing. The European Union, whose decision to suspend registries halted the region’s spot carbon-emissions market following the theft of permits, said it won’t lift restrictions until member states step up identification checks.
World Markets:
World liquidity is shrinking because the USA is seen now as such a safe investment compared with massive illegalities and sucker sales like Hutchison Whampoa Ltd.’s sale. The Asian criminals are essentially selling their Brooklyn Bridge.
Red China engages in practices that are illegal in the Free World where trade must be fair. China is creating monopolies and cornering the market in Rare Earth's the way criminal organizations did a century ago. China thus is causing shortages and driving up prices all around the world and they are causing unemployment in manufacturing nations in the Asian ring. Remember they illegally imprisoned two Americans for doing diligent economic research for fear the Americans would expose Red China's economic corruption. Their Nobel Peace Prizewinner was thrown in jail because he accepted the peace prize. China should free the two Americans and let their Nobel Prize winner leave China.
Business trends
Friday
Leading Indicators Dec were up 1%, which is lower than the 1.1% before Christmas. The current stock market bubble is the only thing keeping the Leading indicators up. This is the opposite of the GE/MSNBC/Proved hype that Americans understood to be just socialist propaganda last November. The declining American unemployment rate by Communist standards is now quoted at half of what the real rate is, but is not yet up to where the FDR socialists put it (25%) during the FDR socialists Great Depression.
Philadelphia Fed Jan was 19.3 significantly poorer that the 24.3 last month. Again it was all GE/MSNBC/Pravada lies to help socialist retain power.
Crude Inventories 01/15 Jumped over 2M after declining by similar amounts in past weeks. Red China is behind the higher commodity prices around the world, not because they are doing well but because they bought up much of the world's natural resources in every continent and are raising prices to squeeze the free world.
This week:
Jan 25 9:00 AM Case-Shiller 20-city Index Nov
Jan 25 10:00 AM Consumer Confidence Jan
Jan 25 10:00 AM FHFA Housing Price Index Nov
Jan 26 7:00 AM MBA Mortgage Purchase Index 01/21
Jan 26 10:00 AM New Home Sales Dec
Jan 26 10:30 AM Crude Inventories 01/22
Jan 26 2:15 PM FOMC Rate Decision Jan
Jan 27 8:30 AM Initial Claims 01/22
Jan 27 8:30 AM Continuing Claims 01/22
Jan 27 8:30 AM Durable Orders Dec
Jan 27 8:30 AM Durable Orders ex Transportation Dec
Jan 27 10:00 AM Pending Home Sales Nov
Jan 28 8:30 AM GDP-Adv. Q4
Jan 28 8:30 AM Chain Deflator-Adv. Q4
Jan 28 8:30 AM Employment Cost Index Q4
Jan 28 9:55 AM Michigan Sentiment - Final Jan
Market Outlook Jan 24, 2011
Cracks are beginning to appear in the American stock market bubble in commodities, gold, energy, and other financial instruments depending on Asia's bubble which is beginning to show incredible amounts of ignorant speculation and corruption getting ready to be exploded. Honesty and trust, not Karl Mark, is what is lacking in Asian expansion.
Currently American investors remain at historic levels of optimism, although there were very few to be found actually investing in recent weeks. Most are already fully invested. Short Selling Against S&P 500 Companies is at a one-year low, lower than before the May Flash Crash. We are seeing evidence that Americans question that Apple and Google could really be worth more than Japan in market cap. American technology stocks are overpriced because General Electric socialists/ MSNBC/Pravda are selling out other American companies by giving away American technology to curry favor with the communists of China.
Rep. Paul Ryan and House Republicans embark today on an effort to significantly slash federal spending, including one prominent congressman promising to engineer 'the largest series of spending cuts in the history of Congress.'
By mid year we expect state and federal worker layoffs because the socialists have not put their government houses in order and the Tea Party wants smaller government. Raising taxes would allow states go even deeper in the hole with union contracts and tip into default. Many predict a major sell off at mid year when several individual states also are in budget crisis. But typically the stock market is six months ahead of economy. QE2 ends mid year but that is likely to be extended.
World Markets
Asian markets were down last night. China's market was down, -0.7%, Hong Kong down -0.3%, India down -0.2%, Jakarta down -1%, and Japan up 0.7%,
European markets are down this morning in a range of about 0.1% to -0.8% half way through their day.
US pre-market futures are flat about 0.0 % at 7:00 AM EST.
Friday, January 21, 2011
Red China engages in practices that are illegal in the Free World where trade must be fair.
Red China engages in practices that are illegal in the Free World where trade must be fair. China is creating monopolies and cornering the market in Rare Earth's the way criminal organizations did a century ago. China thus is causing shortages and driving up prices all around the world and they causing unemployment in manufacturing nations in the Asian ring. Remember they illegally imprisoned two Americans for doing diligent economic research for fear the Americans would expose Red China's economic corruption. Their Nobel Peace Prizewinner was thrown in jail because he accepted the peace prize. China should free the two Americans and let their Nobel Prize winner leave China.
The dollar strengthens and gold falls in price as the world discovers the best inflation adjusted returns are found in the USA. The Net long-term TIC Flows for November show a sharp trend reversal as the world buys US dollars and treasuries for a safe higher rate of return like the USA banks have enjoyed at 0.25% cost for the last two years.
Treasury 10-year notes pay 1.88 percent after subtracting consumer price increases, compared with 1.41 percent for German bunds and 1.13 percent for Japanese government bonds. Gilts yield four basis points less than the U.K.’s inflation rate. America's QE2 is NOT INFLATIONARY! It is designed to prevent the deflation that has been destroying the Japanese economy for twenty Years. 2.5% inflation is historically a very low money supply expansion rate needed to allow for population increase and for the East to catch up with the West.
With a 0.25% cost and a guaranteed 1.88% return banks make money. While investors are forcing European governments from Greece to Ireland to cut spending as governments prepare to sell $1.1 trillion of bonds this year, demand at Treasury auctions has been the highest on record.
The precious metals trend line is now down
World Markets:
China is in America to accelerate the rate at with American technology is pirated via joint ventures. GE has already sold out the aviation industry giving China everything they need to build a Dreamliner.
There was a saying in America one hundred years ago, "Would you like to buy the Brooklyn Bridge? Hutchison Whampoa said it was listing the new Red Chinese port company in Singapore because Red China's Hong Kong Exchange regulations don’t allow such trusts. Hutchison's executives may eventually be hunted down, tried and executed by the Red Chinese and all the Chinese assets they are trying to illegally sell could be confiscated from the investors. Does Hutchison Whampoa think it owns Red China? Are we to believe the Red Chinese government is not behind this swindle of Western investors? You would be better off buying the Brooklyn Bridge. This shows the extent to which the Asian bubble has grown and the brazen criminal activities caused by the communists' complete lack of understanding that honesty and trust are the underpinnings of free enterprise. Such a brazen degree of Red Chinese corruption is a sign of impending economic collapse of their bubble. Disclosing criminal Red Chinese activities is the reason they imprison innocent Americans and Nobel Prize winners in Red China.
Asian markets show caution. China's markets declined -3% Monday and -2.9% Wednesday in a sharp selloff. European stimulation puts cash into the stock markets to try to improve asset values and make reserves appear larger than they otherwise would be. The USA has avoided that. World liquidity is shrinking because the USA is seen now as such a safe investment compared with massive illegalities and sucker sales like Hutchison Whampoa Ltd.’s sale. The Asian criminals are essentially selling their Brooklyn Bridge.
Business trends
Empire Manufacturing Jan rose to 11.9 from 10.6 reported last month. Small improvement
Net long-term TIC Flows Nov: US Treasury reported that in November Net Long-term TIC Flows increased to $85.1B from 27.6B. This indicates that the dollar will likely strengthen significantly. See:
http://nowandfutures.com/key_stats.html#tic
NAHB Housing Market Index Jan remained unchanged. No improvement.
MBA Mortgage Purchase Index 01/14 +5% improved from +2.2% last month.
Housing Starts Dec 529K down from 555K. Which is good because there is a glut of unoccupied housing.
Jan 19 8:30 AM Building Permits Dec 635K up from 555K. Which is bad because there is a glut of unoccupied housing.
Yesterday
Initial Claims 01/15 - the number of new people seeking benefits fell by 37,000 to a seasonally adjusted 404,000 for the week ended Jan. 15. That's not much higher than the 391,000 level reached last month, the lowest in more than two years. The decline suggested that an unexpected rise in applications a week earlier was the result of seasonal factors. Applications often rise in early January after retailers lay off temporary holiday workers.
Continuing Claims 01/08 the number of people continuing to receive unemployment benefits fell to 3.9 million in the week ending Jan. 8, its lowest level since October 2008. But that means many people have exhausted state benefits and doesn't include millions of long-term unemployed who are receiving extended benefits from the federal government under the emergency program set up during the recession.
Existing Home Sales Dec resales increased by 12.3% from a month earlier to a seasonally adjusted annual rate of 5.28 million. Despite the monthly jump, the housing market remains a weak spot for the economy, which is slowly coming out of a severe recession. For all of 2010, about 4.9 million homes were sold, the worst year since 1997 and down 4.8% from 2009. But last month was back to the 2009 level and it is expected to improve during all of 2011.
Jan 20 10:00 AM Leading Indicators Dec were up 1% which is low than the 1.1% before Christmas. The current stock market bubble is the only thing keeping the Leading indicators up. This is the opposite of the GE/MSNBC/Proved hype that Americans understood to be just socialist propaganda last November. The declining American unemployment rate by Communist standards is now quoted at half of what the real rate is, but is not yet up to where the FDR socialists put it (25%) during the FDR socialists Great Depression.
Jan 20 10:00 AM Philadelphia Fed Jan was 19.3 significantly poorer that the 24.3 last month. Again it was all GE/MSNBC/Pravada lies to help socialist retain power.
Jan 20 11:00 AM Crude Inventories 01/15 Jumped over 2M after declining by similar amounts in past weeks. Red China is behind the higher commodity prices around the world, not because they are doing well but because they bought up much of the world's natural resources in every continent and are raising prices to squeeze the free world.
Market Outlook Jan 20, 2011
Cracks are beginning to appear in the American stock market bubble in commodities, gold, energy, and other financial instruments depending on Asia's bubble which is beginning to show incredible amounts of ignorant speculation and corruption getting ready to be exploded. Honesty and trust, not Karl Mark, is what is lacking in Asian expansion.
Currently American investors remain at historic levels of optimism, although there were very few to be found actually investing in recent weeks. Most are already fully invested. Short Selling Against S&P 500 Companies is at a one-year low, lower than before the May Flash Crash. We are seeing evidence that Americans question that Apple and Google could really be worth more than Japan in market cap. American technology stocks are overpriced because General Electric socialists/ MSNBC/Pravda are selling out other American companies by giving away American technology to curry favor with the communists of China.
By mid year we expect state and federal worker layoffs because the socialists have not put their government houses in order and the Tea Party wants smaller government. Raising taxes would allow states go even deeper in the hole with union contracts and tip into default. Many predict a major sell off at mid year when several individual states also are in budget crisis. But typically the stock market is six months ahead of economy. QE2 ends mid year but that is likely to be extended.
Foreclosures to push American home prices down another 5% in 2011according to RealtyTrac
World Markets
Asian markets were down last night. China's market was up 1.4%, Hong Kong down -0.5%, India down -0.2%, and Japan down -1.6%,
European markets are up this morning in a range of about 0.3% to 1.4% half way through their day.
US pre-market futures are up about 0.3 % at 9:00 AM EST.
The dollar strengthens and gold falls in price as the world discovers the best inflation adjusted returns are found in the USA. The Net long-term TIC Flows for November show a sharp trend reversal as the world buys US dollars and treasuries for a safe higher rate of return like the USA banks have enjoyed at 0.25% cost for the last two years.
Treasury 10-year notes pay 1.88 percent after subtracting consumer price increases, compared with 1.41 percent for German bunds and 1.13 percent for Japanese government bonds. Gilts yield four basis points less than the U.K.’s inflation rate. America's QE2 is NOT INFLATIONARY! It is designed to prevent the deflation that has been destroying the Japanese economy for twenty Years. 2.5% inflation is historically a very low money supply expansion rate needed to allow for population increase and for the East to catch up with the West.
With a 0.25% cost and a guaranteed 1.88% return banks make money. While investors are forcing European governments from Greece to Ireland to cut spending as governments prepare to sell $1.1 trillion of bonds this year, demand at Treasury auctions has been the highest on record.
The precious metals trend line is now down
World Markets:
China is in America to accelerate the rate at with American technology is pirated via joint ventures. GE has already sold out the aviation industry giving China everything they need to build a Dreamliner.
There was a saying in America one hundred years ago, "Would you like to buy the Brooklyn Bridge? Hutchison Whampoa said it was listing the new Red Chinese port company in Singapore because Red China's Hong Kong Exchange regulations don’t allow such trusts. Hutchison's executives may eventually be hunted down, tried and executed by the Red Chinese and all the Chinese assets they are trying to illegally sell could be confiscated from the investors. Does Hutchison Whampoa think it owns Red China? Are we to believe the Red Chinese government is not behind this swindle of Western investors? You would be better off buying the Brooklyn Bridge. This shows the extent to which the Asian bubble has grown and the brazen criminal activities caused by the communists' complete lack of understanding that honesty and trust are the underpinnings of free enterprise. Such a brazen degree of Red Chinese corruption is a sign of impending economic collapse of their bubble. Disclosing criminal Red Chinese activities is the reason they imprison innocent Americans and Nobel Prize winners in Red China.
Asian markets show caution. China's markets declined -3% Monday and -2.9% Wednesday in a sharp selloff. European stimulation puts cash into the stock markets to try to improve asset values and make reserves appear larger than they otherwise would be. The USA has avoided that. World liquidity is shrinking because the USA is seen now as such a safe investment compared with massive illegalities and sucker sales like Hutchison Whampoa Ltd.’s sale. The Asian criminals are essentially selling their Brooklyn Bridge.
Business trends
Empire Manufacturing Jan rose to 11.9 from 10.6 reported last month. Small improvement
Net long-term TIC Flows Nov: US Treasury reported that in November Net Long-term TIC Flows increased to $85.1B from 27.6B. This indicates that the dollar will likely strengthen significantly. See:
http://nowandfutures.com/key_stats.html#tic
NAHB Housing Market Index Jan remained unchanged. No improvement.
MBA Mortgage Purchase Index 01/14 +5% improved from +2.2% last month.
Housing Starts Dec 529K down from 555K. Which is good because there is a glut of unoccupied housing.
Jan 19 8:30 AM Building Permits Dec 635K up from 555K. Which is bad because there is a glut of unoccupied housing.
Yesterday
Initial Claims 01/15 - the number of new people seeking benefits fell by 37,000 to a seasonally adjusted 404,000 for the week ended Jan. 15. That's not much higher than the 391,000 level reached last month, the lowest in more than two years. The decline suggested that an unexpected rise in applications a week earlier was the result of seasonal factors. Applications often rise in early January after retailers lay off temporary holiday workers.
Continuing Claims 01/08 the number of people continuing to receive unemployment benefits fell to 3.9 million in the week ending Jan. 8, its lowest level since October 2008. But that means many people have exhausted state benefits and doesn't include millions of long-term unemployed who are receiving extended benefits from the federal government under the emergency program set up during the recession.
Existing Home Sales Dec resales increased by 12.3% from a month earlier to a seasonally adjusted annual rate of 5.28 million. Despite the monthly jump, the housing market remains a weak spot for the economy, which is slowly coming out of a severe recession. For all of 2010, about 4.9 million homes were sold, the worst year since 1997 and down 4.8% from 2009. But last month was back to the 2009 level and it is expected to improve during all of 2011.
Jan 20 10:00 AM Leading Indicators Dec were up 1% which is low than the 1.1% before Christmas. The current stock market bubble is the only thing keeping the Leading indicators up. This is the opposite of the GE/MSNBC/Proved hype that Americans understood to be just socialist propaganda last November. The declining American unemployment rate by Communist standards is now quoted at half of what the real rate is, but is not yet up to where the FDR socialists put it (25%) during the FDR socialists Great Depression.
Jan 20 10:00 AM Philadelphia Fed Jan was 19.3 significantly poorer that the 24.3 last month. Again it was all GE/MSNBC/Pravada lies to help socialist retain power.
Jan 20 11:00 AM Crude Inventories 01/15 Jumped over 2M after declining by similar amounts in past weeks. Red China is behind the higher commodity prices around the world, not because they are doing well but because they bought up much of the world's natural resources in every continent and are raising prices to squeeze the free world.
Market Outlook Jan 20, 2011
Cracks are beginning to appear in the American stock market bubble in commodities, gold, energy, and other financial instruments depending on Asia's bubble which is beginning to show incredible amounts of ignorant speculation and corruption getting ready to be exploded. Honesty and trust, not Karl Mark, is what is lacking in Asian expansion.
Currently American investors remain at historic levels of optimism, although there were very few to be found actually investing in recent weeks. Most are already fully invested. Short Selling Against S&P 500 Companies is at a one-year low, lower than before the May Flash Crash. We are seeing evidence that Americans question that Apple and Google could really be worth more than Japan in market cap. American technology stocks are overpriced because General Electric socialists/ MSNBC/Pravda are selling out other American companies by giving away American technology to curry favor with the communists of China.
By mid year we expect state and federal worker layoffs because the socialists have not put their government houses in order and the Tea Party wants smaller government. Raising taxes would allow states go even deeper in the hole with union contracts and tip into default. Many predict a major sell off at mid year when several individual states also are in budget crisis. But typically the stock market is six months ahead of economy. QE2 ends mid year but that is likely to be extended.
Foreclosures to push American home prices down another 5% in 2011according to RealtyTrac
World Markets
Asian markets were down last night. China's market was up 1.4%, Hong Kong down -0.5%, India down -0.2%, and Japan down -1.6%,
European markets are up this morning in a range of about 0.3% to 1.4% half way through their day.
US pre-market futures are up about 0.3 % at 9:00 AM EST.
Thursday, January 20, 2011
Hutchison's executives may eventually be hunted down, tried and shot by the Red Chinese who run Hong Kong
Hutchison's executives may eventually be hunted down, tried and shot by the Red Chinese who run Hong Kong and all the Chinese assets they are trying to illegally sell could be confiscated by the state.
Remember they illegally imprisoned two Americans for doing diligent economic research for fear the Americans would expose Red China's economic corruption.
The was a saying in America one hundred years ago, "Would you like to buy the Brooklyn Bridge? Hutchison Whampoa Ltd.’s sale of Chinese port assets may raise more than Singapore’s combined 31 initial public offerings last year, boosting the city’s bubble just as it is about to burst. If that were not bad enough, Hutchison said it was listing the new Hong Kong port company in Singapore because Red China's Hong Kong Exchange regulations don’t allow such trusts. Hutchison's executives may eventually be hunted down, tried and executed by the Red Chinese who run Hong Kong and all the Chinese assets they are trying to illegally sell could be confiscated from the investors. Does Hutchison Whampoa think it owns China? You would be better off buying the Brooklyn Bridge. This shows the extent to which the Asian bubble has grown and the brazen criminal activities caused by the communists' complete lack of understanding that honesty and trust are the underpinnings of free enterprise. Such a brazen degree of Red Chinese corruption is a sign of impending economic collapse of their bubble.
The dollar strengthens as the world discovers the best inflation adjusted returns are found in the USA.
The Net Long-Term TIC Flows for November show a sharp trend reversal as the world buys US dollars and treasuries for a safe higher rate of return like the USA banks have enjoyed at 0.25% cost for the last two years.
Treasury 10-year notes pay 1.88 percent after subtracting consumer price increases, compared with 1.41 percent for German bunds and 1.13 percent for Japanese government bonds. Gilts yield four basis points less than the U.K.’s inflation rate. America's QE2 is NOT INFLATIONARY! It is designed to prevent the deflation that has been destroying the Japanese economy for twenty Years. 2.5% inflation is historically a very low money supply expansion rate needed to allow for population increase and for the East to catch up with the West.
With a 0.25% cost and a guaranteed 1.88% return banks make $15.3 Billion for every $Trillion of USA debt they carry. While investors are forcing European governments from Greece to Ireland to cut spending as governments prepare to sell $1.1 trillion of bonds this year, demand at Treasury auctions has been the highest on record.
The precious metals trend line is now down
World Markets:
China is in America to accelerate the rate at with American technology is pirated via joint ventures. GE has already sold out the aviation industry giving China everything they need to build a Dreamliner.
Asian markets show caution. China's markets declined -3% Monday and -2.9% last night in a sharp selloff. European stimulation puts cash into the stock markets to try to improve asset values and make reserves appear larger than they otherwise would be. World liquidity is shrinking because the USA is seen now as such a safe investment compared with massive illegalities and sucker sales like Hutchison Whampoa Ltd.’s sale. The Asian criminals are essentially selling their Brooklyn Bridge.
Business trends
Empire Manufacturing Jan rose to 11.9 from 10.6 reported last month. Small improvement
Net long-term TIC Flows Nov: US Treasury reported that in November Net Long-term TIC Flows increased to $85.1B from 27.6B. This indicates that the dollar will likely strengthen significantly. See:
http://nowandfutures.com/key_stats.html#tic
NAHB Housing Market Index Jan remained unchanged. No improvement.
Yesterday
Jan 19 7:00 AM MBA Mortgage Purchase Index 01/14 +5% improved from +2.2% last month.
Jan 19 8:30 AM Housing Starts Dec 529K down from 555K. Which is good because there is a glut of unoccupied housing.
Jan 19 8:30 AM Building Permits Dec 635K up from 555K. Which is bad because there is a glut of unoccupied housing.
Today
Jan 20 8:30 AM Initial Claims 01/15 -
Jan 20 8:30 AM Continuing Claims 01/08
Jan 20 10:00 AM Existing Home Sales Dec
Jan 20 10:00 AM Leading Indicators Dec
Jan 20 10:00 AM Philadelphia Fed Jan
Jan 20 11:00 AM Crude Inventories 01/15
Market Outlook Jan 20, 2011
Cracks are beginning to appear in the American stock market bubble in commodities, gold, energy, and other financial instruments depending on Asia's bubble which is beginning to show incredible amounts of ignorant speculation and corruption getting ready to be exploded. Honesty and trust, not Karl Mark, is what is lacking in Asian expansion.
Currently American investors remain at historic levels of optimism, although there were very few to be found actually investing in recent weeks. Most are already fully invested. Short Selling Against S&P 500 Companies is at a one-year low, lower than before the May Flash Crash. We are seeing evidence that Americans question that Apple and Google could really be worth more than Japan in market cap. American technology stocks are overpriced because General Electric socialists/ MSNBC/Pravda are selling out other American companies by giving away American technology to curry favor with the communists of China.
By mid year we expect state and federal worker layoffs because the socialists have not put their government houses in order and the Tea Party wants smaller government. Raising taxes would allow states go even deeper in the hole with union contracts and tip into default. Many predict a major sell off at mid year when several individual states also are in budget crisis. But typically the stock market is six months ahead of economy. QE2 ends mid year but that is likely to be extended.
Foreclosures to push American home prices down another 5% in 2011according to RealtyTrac
World Markets
Asian markets were down last night. China's market was down -2.9%, Hong Kong up 1.1%, India up 0.3%, and Japan down -1.2%,
European markets are down this morning in a range of about -0.3% to -1.5% half way through their day.
US pre-market futures are down about -0.2 % at 7:00 AM EST.
Remember they illegally imprisoned two Americans for doing diligent economic research for fear the Americans would expose Red China's economic corruption.
The was a saying in America one hundred years ago, "Would you like to buy the Brooklyn Bridge? Hutchison Whampoa Ltd.’s sale of Chinese port assets may raise more than Singapore’s combined 31 initial public offerings last year, boosting the city’s bubble just as it is about to burst. If that were not bad enough, Hutchison said it was listing the new Hong Kong port company in Singapore because Red China's Hong Kong Exchange regulations don’t allow such trusts. Hutchison's executives may eventually be hunted down, tried and executed by the Red Chinese who run Hong Kong and all the Chinese assets they are trying to illegally sell could be confiscated from the investors. Does Hutchison Whampoa think it owns China? You would be better off buying the Brooklyn Bridge. This shows the extent to which the Asian bubble has grown and the brazen criminal activities caused by the communists' complete lack of understanding that honesty and trust are the underpinnings of free enterprise. Such a brazen degree of Red Chinese corruption is a sign of impending economic collapse of their bubble.
The dollar strengthens as the world discovers the best inflation adjusted returns are found in the USA.
The Net Long-Term TIC Flows for November show a sharp trend reversal as the world buys US dollars and treasuries for a safe higher rate of return like the USA banks have enjoyed at 0.25% cost for the last two years.
Treasury 10-year notes pay 1.88 percent after subtracting consumer price increases, compared with 1.41 percent for German bunds and 1.13 percent for Japanese government bonds. Gilts yield four basis points less than the U.K.’s inflation rate. America's QE2 is NOT INFLATIONARY! It is designed to prevent the deflation that has been destroying the Japanese economy for twenty Years. 2.5% inflation is historically a very low money supply expansion rate needed to allow for population increase and for the East to catch up with the West.
With a 0.25% cost and a guaranteed 1.88% return banks make $15.3 Billion for every $Trillion of USA debt they carry. While investors are forcing European governments from Greece to Ireland to cut spending as governments prepare to sell $1.1 trillion of bonds this year, demand at Treasury auctions has been the highest on record.
The precious metals trend line is now down
World Markets:
China is in America to accelerate the rate at with American technology is pirated via joint ventures. GE has already sold out the aviation industry giving China everything they need to build a Dreamliner.
Asian markets show caution. China's markets declined -3% Monday and -2.9% last night in a sharp selloff. European stimulation puts cash into the stock markets to try to improve asset values and make reserves appear larger than they otherwise would be. World liquidity is shrinking because the USA is seen now as such a safe investment compared with massive illegalities and sucker sales like Hutchison Whampoa Ltd.’s sale. The Asian criminals are essentially selling their Brooklyn Bridge.
Business trends
Empire Manufacturing Jan rose to 11.9 from 10.6 reported last month. Small improvement
Net long-term TIC Flows Nov: US Treasury reported that in November Net Long-term TIC Flows increased to $85.1B from 27.6B. This indicates that the dollar will likely strengthen significantly. See:
http://nowandfutures.com/key_stats.html#tic
NAHB Housing Market Index Jan remained unchanged. No improvement.
Yesterday
Jan 19 7:00 AM MBA Mortgage Purchase Index 01/14 +5% improved from +2.2% last month.
Jan 19 8:30 AM Housing Starts Dec 529K down from 555K. Which is good because there is a glut of unoccupied housing.
Jan 19 8:30 AM Building Permits Dec 635K up from 555K. Which is bad because there is a glut of unoccupied housing.
Today
Jan 20 8:30 AM Initial Claims 01/15 -
Jan 20 8:30 AM Continuing Claims 01/08
Jan 20 10:00 AM Existing Home Sales Dec
Jan 20 10:00 AM Leading Indicators Dec
Jan 20 10:00 AM Philadelphia Fed Jan
Jan 20 11:00 AM Crude Inventories 01/15
Market Outlook Jan 20, 2011
Cracks are beginning to appear in the American stock market bubble in commodities, gold, energy, and other financial instruments depending on Asia's bubble which is beginning to show incredible amounts of ignorant speculation and corruption getting ready to be exploded. Honesty and trust, not Karl Mark, is what is lacking in Asian expansion.
Currently American investors remain at historic levels of optimism, although there were very few to be found actually investing in recent weeks. Most are already fully invested. Short Selling Against S&P 500 Companies is at a one-year low, lower than before the May Flash Crash. We are seeing evidence that Americans question that Apple and Google could really be worth more than Japan in market cap. American technology stocks are overpriced because General Electric socialists/ MSNBC/Pravda are selling out other American companies by giving away American technology to curry favor with the communists of China.
By mid year we expect state and federal worker layoffs because the socialists have not put their government houses in order and the Tea Party wants smaller government. Raising taxes would allow states go even deeper in the hole with union contracts and tip into default. Many predict a major sell off at mid year when several individual states also are in budget crisis. But typically the stock market is six months ahead of economy. QE2 ends mid year but that is likely to be extended.
Foreclosures to push American home prices down another 5% in 2011according to RealtyTrac
World Markets
Asian markets were down last night. China's market was down -2.9%, Hong Kong up 1.1%, India up 0.3%, and Japan down -1.2%,
European markets are down this morning in a range of about -0.3% to -1.5% half way through their day.
US pre-market futures are down about -0.2 % at 7:00 AM EST.
Wednesday, January 19, 2011
China is in town to accelerate the rate at with American technology is pirated via joint ventures.
China is in town to accelerate the rate at with American technology is pirated via joint ventures. GE has already sold out the aviation industry giving China everything they need to build a Dreamliner.
GE/MSNBC/Pravda has gotten the Obama OK to sell MSNBC/Pravda to Comcast, which will soon become Comcast/MSNBC/Pravda. But there are rumors Comcast will fire the MSNBC socialists and try to compete with FOX News.
The dollar strengthens as the world discovers the best inflation adjusted returns are found in the USA.
The Net Long-Term TIC Flows for November show a sharp trend reversal as the world buys US dollars and treasuries for a safe higher rate of return like the USA banks have enjoyed at 0.25% cost for the last two years.
Treasury 10-year notes pay 1.88 percent after subtracting consumer price increases, compared with 1.41 percent for German bunds and 1.13 percent for Japanese government bonds. Gilts yield four basis points less than the U.K.’s inflation rate.
With a 0.25% cost and a guaranteed 1.88% return banks make $15.3 Billion for every $Trillion of USA debt they carry.
While investors are forcing European governments from Greece to Ireland to cut spending as governments prepare to sell $1.1 trillion of bonds this year, demand at Treasury auctions has been the highest on record.
The precious metals trend line is now down
World Markets:
Asian markets show caution. China's markets declined 3% Monday in a sharp selloff. European stimulation puts cash into the stock markets to try to improve asset values and make reserves appear larger than they otherwise would be.
Business trends
Yesterday
Empire Manufacturing Jan rose to 11.9 from 10.6 reported last month. Small improvement
Net long-term TIC Flows Nov: US Treasury reported that in November Net Long-term TIC Flows increased to $85.1B from 27.6B. This indicates that the dollar will likely strengthen significantly. See:
http://nowandfutures.com/key_stats.html#tic
NAHB Housing Market Index Jan remained unchanged. No improvement.
Today
Jan 19 7:00 AM MBA Mortgage Purchase Index 01/14
Jan 19 8:30 AM Housing Starts Dec
Jan 19 8:30 AM Building Permits Dec
This Week:
Jan 20 8:30 AM Initial Claims 01/15 -
Jan 20 8:30 AM Continuing Claims 01/08
Jan 20 10:00 AM Existing Home Sales Dec
Jan 20 10:00 AM Leading Indicators Dec
Jan 20 10:00 AM Philadelphia Fed Jan
Jan 20 11:00 AM Crude Inventories 01/15
Market Outlook Jan 19, 2011
Currently investors remain at historic levels of optimism, although there were very few to be found actually investing in recent weeks. Most are already fully invested. Short Selling Against S&P 500 Companies is at a one-year low, lower than before the May Flash Crash.
By mid year we expect state and federal worker layoffs because the socialists have not put their government houses in order and the Tea Party wants smaller government. Raising taxes would allow states go even deeper in the hole with union contracts and tip into default. Many predict a major sell off at mid year when several individual states also are in budget crisis. But typically the stock market is six months ahead of economy. QE2 ends mid year but that is likely to be extended.
Foreclosures to Push Home Prices Down another 5% in 2011 according to RealtyTrac
World Markets
Asian markets were up last night. China's market was up 1.8%, Hong Kong up 1.1%, India down -0.6%, and Japan up 0.4%,
European markets are down this morning in a range of about 0.3% to 0.5% half way through their day.
US pre-market futures are down about -0.1 % at 7:00 AM EST.
GE/MSNBC/Pravda has gotten the Obama OK to sell MSNBC/Pravda to Comcast, which will soon become Comcast/MSNBC/Pravda. But there are rumors Comcast will fire the MSNBC socialists and try to compete with FOX News.
The dollar strengthens as the world discovers the best inflation adjusted returns are found in the USA.
The Net Long-Term TIC Flows for November show a sharp trend reversal as the world buys US dollars and treasuries for a safe higher rate of return like the USA banks have enjoyed at 0.25% cost for the last two years.
Treasury 10-year notes pay 1.88 percent after subtracting consumer price increases, compared with 1.41 percent for German bunds and 1.13 percent for Japanese government bonds. Gilts yield four basis points less than the U.K.’s inflation rate.
With a 0.25% cost and a guaranteed 1.88% return banks make $15.3 Billion for every $Trillion of USA debt they carry.
While investors are forcing European governments from Greece to Ireland to cut spending as governments prepare to sell $1.1 trillion of bonds this year, demand at Treasury auctions has been the highest on record.
The precious metals trend line is now down
World Markets:
Asian markets show caution. China's markets declined 3% Monday in a sharp selloff. European stimulation puts cash into the stock markets to try to improve asset values and make reserves appear larger than they otherwise would be.
Business trends
Yesterday
Empire Manufacturing Jan rose to 11.9 from 10.6 reported last month. Small improvement
Net long-term TIC Flows Nov: US Treasury reported that in November Net Long-term TIC Flows increased to $85.1B from 27.6B. This indicates that the dollar will likely strengthen significantly. See:
http://nowandfutures.com/key_stats.html#tic
NAHB Housing Market Index Jan remained unchanged. No improvement.
Today
Jan 19 7:00 AM MBA Mortgage Purchase Index 01/14
Jan 19 8:30 AM Housing Starts Dec
Jan 19 8:30 AM Building Permits Dec
This Week:
Jan 20 8:30 AM Initial Claims 01/15 -
Jan 20 8:30 AM Continuing Claims 01/08
Jan 20 10:00 AM Existing Home Sales Dec
Jan 20 10:00 AM Leading Indicators Dec
Jan 20 10:00 AM Philadelphia Fed Jan
Jan 20 11:00 AM Crude Inventories 01/15
Market Outlook Jan 19, 2011
Currently investors remain at historic levels of optimism, although there were very few to be found actually investing in recent weeks. Most are already fully invested. Short Selling Against S&P 500 Companies is at a one-year low, lower than before the May Flash Crash.
By mid year we expect state and federal worker layoffs because the socialists have not put their government houses in order and the Tea Party wants smaller government. Raising taxes would allow states go even deeper in the hole with union contracts and tip into default. Many predict a major sell off at mid year when several individual states also are in budget crisis. But typically the stock market is six months ahead of economy. QE2 ends mid year but that is likely to be extended.
Foreclosures to Push Home Prices Down another 5% in 2011 according to RealtyTrac
World Markets
Asian markets were up last night. China's market was up 1.8%, Hong Kong up 1.1%, India down -0.6%, and Japan up 0.4%,
European markets are down this morning in a range of about 0.3% to 0.5% half way through their day.
US pre-market futures are down about -0.1 % at 7:00 AM EST.
Tuesday, January 18, 2011
JP Morgan bankers to share $10bn bonus pot after profits leap with free FED money.
JP Morgan bankers to share $10bn bonus pot after profits leap with free FED money.
Claw back excessive profits which are nothing but a handout from investing free taxpayer money at zero risk.
Sarah Palin needs to stop talking about herself because it shows she is stupid and insensitive. A congresswoman has had a bullet shot through her head and no one at this moment cares if leftists offended Sarah.
World Markets:
Asian markets show caution. China's markets declined 3% Monday in a sharp selloff. European stimulation puts cash into the stock markets to try to improve asset values and make reserves appear larger than they otherwise would be.
Business trends
Last Friday
CPI Dec increased at 6%/yr rate after a 1.2% rate last year
Core CPI Dec steady at up 0.1%
Retail Sales Dec up only 0.6% after a 0.8% gain the previous month, or half what was predicted.
Retail Sales ex-auto Dec up 0.5% down from 1.2% last month. Also disappointing.
Industrial Production Dec improved to 0.8% from 0.4% last month
Capacity Utilization Dec at 76% up from 75.2% last month
Mich Sentiment Jan down significantly to 72.7 from 75.2 last month.
Business Inventories Nov down to 0.2% from a 0,7% increase the last month.
Today
Jan 18 8:30 AM Empire Manufacturing Jan
Jan 18 9:00 AM Net Long-Term TIC Flows Nov
Jan 18 10:00 AM NAHB Housing Market Index Jan
This Week:
Jan 19 7:00 AM MBA Mortgage Purchase Index 01/14
Jan 19 8:30 AM Housing Starts Dec
Jan 19 8:30 AM Building Permits Dec
Jan 20 8:30 AM Initial Claims 01/15 -
Jan 20 8:30 AM Continuing Claims 01/08
Jan 20 10:00 AM Existing Home Sales Dec
Jan 20 10:00 AM Leading Indicators Dec
Jan 20 10:00 AM Philadelphia Fed Jan
Jan 20 11:00 AM Crude Inventories 01/15
Market Outlook Jan 18, 2011
Currently investors remain at historic levels of optimism, although there were very few to be found actually investing in recent weeks. Most are already fully invested. Short Selling Against S&P 500 Companies is at a one-year low, lower than before the May Flash Crash.
By mid year we expect state and federal worker layoffs because the socialists have not put their government houses in order and the Tea Party wants smaller government. Raising taxes would allow states go even deeper in the hole with union contracts and tip into default. Many predict a major sell off at mid year when several individual states also are in budget crisis. But typically the stock market is six months ahead of economy. QE2 ends mid year but that is likely to be extended.
Foreclosures to Push Home Prices Down another 5% in 2011according to RealtyTrac
World Markets
Asian markets were flat last night. China's market was up 0.1%, Hong Kong down -0.1%, India up 1.1%, and Japan up 0.2%,
European markets are up this morning in a range of about 0.4% to 1.1% half way through their day.
US pre-market futures are down about -0.1 % at 9:30 AM EST.
Claw back excessive profits which are nothing but a handout from investing free taxpayer money at zero risk.
Sarah Palin needs to stop talking about herself because it shows she is stupid and insensitive. A congresswoman has had a bullet shot through her head and no one at this moment cares if leftists offended Sarah.
World Markets:
Asian markets show caution. China's markets declined 3% Monday in a sharp selloff. European stimulation puts cash into the stock markets to try to improve asset values and make reserves appear larger than they otherwise would be.
Business trends
Last Friday
CPI Dec increased at 6%/yr rate after a 1.2% rate last year
Core CPI Dec steady at up 0.1%
Retail Sales Dec up only 0.6% after a 0.8% gain the previous month, or half what was predicted.
Retail Sales ex-auto Dec up 0.5% down from 1.2% last month. Also disappointing.
Industrial Production Dec improved to 0.8% from 0.4% last month
Capacity Utilization Dec at 76% up from 75.2% last month
Mich Sentiment Jan down significantly to 72.7 from 75.2 last month.
Business Inventories Nov down to 0.2% from a 0,7% increase the last month.
Today
Jan 18 8:30 AM Empire Manufacturing Jan
Jan 18 9:00 AM Net Long-Term TIC Flows Nov
Jan 18 10:00 AM NAHB Housing Market Index Jan
This Week:
Jan 19 7:00 AM MBA Mortgage Purchase Index 01/14
Jan 19 8:30 AM Housing Starts Dec
Jan 19 8:30 AM Building Permits Dec
Jan 20 8:30 AM Initial Claims 01/15 -
Jan 20 8:30 AM Continuing Claims 01/08
Jan 20 10:00 AM Existing Home Sales Dec
Jan 20 10:00 AM Leading Indicators Dec
Jan 20 10:00 AM Philadelphia Fed Jan
Jan 20 11:00 AM Crude Inventories 01/15
Market Outlook Jan 18, 2011
Currently investors remain at historic levels of optimism, although there were very few to be found actually investing in recent weeks. Most are already fully invested. Short Selling Against S&P 500 Companies is at a one-year low, lower than before the May Flash Crash.
By mid year we expect state and federal worker layoffs because the socialists have not put their government houses in order and the Tea Party wants smaller government. Raising taxes would allow states go even deeper in the hole with union contracts and tip into default. Many predict a major sell off at mid year when several individual states also are in budget crisis. But typically the stock market is six months ahead of economy. QE2 ends mid year but that is likely to be extended.
Foreclosures to Push Home Prices Down another 5% in 2011according to RealtyTrac
World Markets
Asian markets were flat last night. China's market was up 0.1%, Hong Kong down -0.1%, India up 1.1%, and Japan up 0.2%,
European markets are up this morning in a range of about 0.4% to 1.1% half way through their day.
US pre-market futures are down about -0.1 % at 9:30 AM EST.
Friday, January 14, 2011
Are Red Chinese and N. Korean leaders insane or just stupid? Perhaps it is time for free China and Japan to arm themselves.
Are Red Chinese and N. Korean leaders insane or just stupid? Perhaps it is time for free China and Japan to arm themselves.
Countries like Red China and N.Korea are still throwing their intellectual capital and profits down their toilet bowls making more weapons for mass destruction. Are the Red Chinese and N. Korean leaders insane or just stupid? Do they think they can become great by imitating Hitler, Stalin and other insane and infamous leaders? Is it time for the free world to break off intellectual and economic cooperation with Red China? They seem to want to be known as aggressive Red hoards again instead of China. Even Russia would fight against more Red hoards. Red China could join N. Korea and be in abject poverty once more if they wish to be strong and stupid instead of strong and great. It is their choice.
American consumers in 2000 were in debt up to 70% of their annual income. In 2008 when the bubble burst their personal debt was at a record 130% of their annual income. Today the USA consumer is still at 120%. This is not a good harbinger for the world economy because the American consumer cannot bail out the American cities much less the worldwide recession. China cannot either. The pace of American home foreclosures has slowed since revelations that thousands of foreclosure documents may have been improperly prepared, but for all 2010, almost 2.9 million U.S. properties received foreclosure filings, a record high, and up 2% from 2009. The paperwork hurdle is clearing now putting new pressure on housing. But when it is finally over housing can begin to rise once more.
Rabbi Boteach defended Sarah Palin's use of the term "Blood Libel" to describe the leftist lunatics who blamed the murders last Saturday on conservatives and radio hosts. He said, "Indeed, the belief that the concept of blood libel applies only to the Jews is itself a form of reverse discrimination and should be dismissed. " "as the Hebrew Boble condemns accusations of collective guilt against Jew and non Jew alike." By the leftist liberals pretending to embrace civil political discourse and by "simultaneously violating it and engaging in blood libel against innocent parties is both irresponsible and immoral." Unfortunately Sarah Palin did not understand what she was talking about when she opened her mouth and inserted her foot. Had she presented an intelligent case in writing as this article in the Wall Street Journal today did, instead of going on another rant, it might have shown she is capable of thought and leadership. Good leaders do not surround themselves with incompetent advisors and writers the way Sarah does.
World Markets:
China is prepared to participate in any future euro zone stabilization measures, seeing the euro as a key pillar of a multi-currency global financial system, deputy central bank governor Yi Gang said on Wednesday. Speaking at a briefing in London by the People's Bank of China (PBOC) and Chinese government officials, Yi also said Beijing would take into "positive consideration" the question of investing in the euro zone's emergency fund for member states. "China indeed supports the series of stabilization measures adopted by the European Union, the ECB (European Central Bank) and the IMF (International Monetary Fund)," Yi said. "China is a stable and continued long-term investor in European financial markets and I'm sure if there's need of the European emergency fund or the stabilization mechanism, we would like to actively participate in these mechanisms -- of course with your permission."
Business trends
Wholesale Inventories Nov were down -0.2 with XMASS sales from being up 1.7% in November.
MBA Mortgage Purchase Index 01/07 up 2.2 % after improving 2.3% last month
Export Prices ex-ag. Dec up 0.8% after being up 0.8% last month. That is almost three times the rate of the FED inflation target.
Import Prices ex-oil Dec up 0.6% after being up 0.8% last month. That is twice the rate of the FED inflation target.
Crude Inventories 01/08 decline 2.2M after declining 4,2M barrels last month.
Treasury Budget Dec was $80Billion last month or about $1trillion per year. That is three times higher than President Bush's highest deficit. That is more than the accumulated Bush deficit from eight years of office. And most of This Obama waste is thrown away on indigents, unions, and ACORN type organizations that do not create jobs.
Fed's Beige Book Jan reports from the twelve Federal Reserve Districts suggest that economic activity continued to expand moderately from November through December. Residential real estate markets remained weak across all Districts. Commercial construction was described as subdued or slow. Most District reports cited comments by both retailers and manufacturers that costs were rising, but indicated that competitive pressures had led to only modest pass-through into final prices. The labor market may have stopped declining.
Yesterday
Initial Claims 01/08 rose to 445K from 409K last month. Not good.
Continuing Claims 01/01 declined to 3879K from 4103K as more Americans lost their coverage.
PPI Dec rose 1.1% after rising 0.9% last month. That is now at more than a 13% inflation rate and too much. Core PPI Dec rose 0.2% or 2.4%/yr which is what the FED wants but food and energy were ignored.
The USA Trade Balance Nov held at about 38.3B down slightly from 38.7B
Today
Jan 14 8:30 AM CPI Dec
Jan 14 8:30 AM Core CPI Dec
Jan 14 8:30 AM Retail Sales Dec
Jan 14 8:30 AM Retail Sales ex-auto Dec
Jan 14 9:15 AM Industrial Production Dec
Jan 14 9:15 AM Capacity Utilization Dec
Jan 14 9:55 AM Mich Sentiment Jan
Jan 14 10:00 AM Business Inventories Nov
Market Outlook Jan 14, 2011
Foreclosures to Push Home Prices Down another 5% in 2011according to RealtyTrac
Currently investors remain at historic levels of optimism, although there were very few to be found actually investing in recent weeks. Most are already fully invested. Short Selling Against S&P 500 Companies is at a one-year low, lower than before the May Flash Crash.
Commodity carriers, already reeling from the biggest slump in freight rates in more than two years are poised to plunge another 32% due to the glut off ships of flooded Australia. Should the flooding persist in Australia the Baltic Dry Index may drop as much as 31 percent in the coming months.
By mid year we expect state and federal worker layoffs because the socialists have not put their government houses in order and the Tea Party wants smaller government. Raising taxes would allow states go even deeper in the hole with union contracts and tip into default. Many predict a major sell off at mid year when several individual states also are in budget crisis. But typically the stock market is six months ahead of economy. QE2 ends mid year but that is likely to be extended.
World Markets
Asian markets were down sharply last night. China's market was down -1.3%, Hong Kong up 0.2%, India down -1.7%, and Japan down -0.9%,
European markets are down this morning in a range of about -0.4% to -1.1% half way through their day.
US pre-market futures are down about -0.1 % at 7:30 AM EST.
Countries like Red China and N.Korea are still throwing their intellectual capital and profits down their toilet bowls making more weapons for mass destruction. Are the Red Chinese and N. Korean leaders insane or just stupid? Do they think they can become great by imitating Hitler, Stalin and other insane and infamous leaders? Is it time for the free world to break off intellectual and economic cooperation with Red China? They seem to want to be known as aggressive Red hoards again instead of China. Even Russia would fight against more Red hoards. Red China could join N. Korea and be in abject poverty once more if they wish to be strong and stupid instead of strong and great. It is their choice.
American consumers in 2000 were in debt up to 70% of their annual income. In 2008 when the bubble burst their personal debt was at a record 130% of their annual income. Today the USA consumer is still at 120%. This is not a good harbinger for the world economy because the American consumer cannot bail out the American cities much less the worldwide recession. China cannot either. The pace of American home foreclosures has slowed since revelations that thousands of foreclosure documents may have been improperly prepared, but for all 2010, almost 2.9 million U.S. properties received foreclosure filings, a record high, and up 2% from 2009. The paperwork hurdle is clearing now putting new pressure on housing. But when it is finally over housing can begin to rise once more.
Rabbi Boteach defended Sarah Palin's use of the term "Blood Libel" to describe the leftist lunatics who blamed the murders last Saturday on conservatives and radio hosts. He said, "Indeed, the belief that the concept of blood libel applies only to the Jews is itself a form of reverse discrimination and should be dismissed. " "as the Hebrew Boble condemns accusations of collective guilt against Jew and non Jew alike." By the leftist liberals pretending to embrace civil political discourse and by "simultaneously violating it and engaging in blood libel against innocent parties is both irresponsible and immoral." Unfortunately Sarah Palin did not understand what she was talking about when she opened her mouth and inserted her foot. Had she presented an intelligent case in writing as this article in the Wall Street Journal today did, instead of going on another rant, it might have shown she is capable of thought and leadership. Good leaders do not surround themselves with incompetent advisors and writers the way Sarah does.
World Markets:
China is prepared to participate in any future euro zone stabilization measures, seeing the euro as a key pillar of a multi-currency global financial system, deputy central bank governor Yi Gang said on Wednesday. Speaking at a briefing in London by the People's Bank of China (PBOC) and Chinese government officials, Yi also said Beijing would take into "positive consideration" the question of investing in the euro zone's emergency fund for member states. "China indeed supports the series of stabilization measures adopted by the European Union, the ECB (European Central Bank) and the IMF (International Monetary Fund)," Yi said. "China is a stable and continued long-term investor in European financial markets and I'm sure if there's need of the European emergency fund or the stabilization mechanism, we would like to actively participate in these mechanisms -- of course with your permission."
Business trends
Wholesale Inventories Nov were down -0.2 with XMASS sales from being up 1.7% in November.
MBA Mortgage Purchase Index 01/07 up 2.2 % after improving 2.3% last month
Export Prices ex-ag. Dec up 0.8% after being up 0.8% last month. That is almost three times the rate of the FED inflation target.
Import Prices ex-oil Dec up 0.6% after being up 0.8% last month. That is twice the rate of the FED inflation target.
Crude Inventories 01/08 decline 2.2M after declining 4,2M barrels last month.
Treasury Budget Dec was $80Billion last month or about $1trillion per year. That is three times higher than President Bush's highest deficit. That is more than the accumulated Bush deficit from eight years of office. And most of This Obama waste is thrown away on indigents, unions, and ACORN type organizations that do not create jobs.
Fed's Beige Book Jan reports from the twelve Federal Reserve Districts suggest that economic activity continued to expand moderately from November through December. Residential real estate markets remained weak across all Districts. Commercial construction was described as subdued or slow. Most District reports cited comments by both retailers and manufacturers that costs were rising, but indicated that competitive pressures had led to only modest pass-through into final prices. The labor market may have stopped declining.
Yesterday
Initial Claims 01/08 rose to 445K from 409K last month. Not good.
Continuing Claims 01/01 declined to 3879K from 4103K as more Americans lost their coverage.
PPI Dec rose 1.1% after rising 0.9% last month. That is now at more than a 13% inflation rate and too much. Core PPI Dec rose 0.2% or 2.4%/yr which is what the FED wants but food and energy were ignored.
The USA Trade Balance Nov held at about 38.3B down slightly from 38.7B
Today
Jan 14 8:30 AM CPI Dec
Jan 14 8:30 AM Core CPI Dec
Jan 14 8:30 AM Retail Sales Dec
Jan 14 8:30 AM Retail Sales ex-auto Dec
Jan 14 9:15 AM Industrial Production Dec
Jan 14 9:15 AM Capacity Utilization Dec
Jan 14 9:55 AM Mich Sentiment Jan
Jan 14 10:00 AM Business Inventories Nov
Market Outlook Jan 14, 2011
Foreclosures to Push Home Prices Down another 5% in 2011according to RealtyTrac
Currently investors remain at historic levels of optimism, although there were very few to be found actually investing in recent weeks. Most are already fully invested. Short Selling Against S&P 500 Companies is at a one-year low, lower than before the May Flash Crash.
Commodity carriers, already reeling from the biggest slump in freight rates in more than two years are poised to plunge another 32% due to the glut off ships of flooded Australia. Should the flooding persist in Australia the Baltic Dry Index may drop as much as 31 percent in the coming months.
By mid year we expect state and federal worker layoffs because the socialists have not put their government houses in order and the Tea Party wants smaller government. Raising taxes would allow states go even deeper in the hole with union contracts and tip into default. Many predict a major sell off at mid year when several individual states also are in budget crisis. But typically the stock market is six months ahead of economy. QE2 ends mid year but that is likely to be extended.
World Markets
Asian markets were down sharply last night. China's market was down -1.3%, Hong Kong up 0.2%, India down -1.7%, and Japan down -0.9%,
European markets are down this morning in a range of about -0.4% to -1.1% half way through their day.
US pre-market futures are down about -0.1 % at 7:30 AM EST.
Thursday, January 13, 2011
Leftist GE/MSNBC journalists now incite hatred after Arizona shooting Wed, 12 Jan 2011
Leftist GE/MSNBC journalists now incite hatred after Arizona shooting Wed, 12 Jan 2011. Leftists seek to limit free speech against leftists trying to destroy America's Constitutional government.
It has now been revealed that Sheriff Dupnik’s department had prior interaction with shooting suspect Jared Loughner. It has now confirmed that deputies made multiple visits to the Loughner home in recent years and at least five visits to the university where leftist shooter, Jared Loughner terrorized students. One student said he always sat near the classroom door so he could be the first to run out. It is clear that Loughner was evidently spiraling downward over the past two years and frightening friends, neighbors and classmates with his leftist rhetoric and views. A shooting buddy told the New York Times that Loughner had become a nihilist like the "letter bomber."
The shooter Jared Lee Loughner was a fan of Representative Giffords and he spouted the similar incoherent leftist anti technology gibberish as the mentally defective 'Letter Bomber" did. You have to be more than just a little loony to be a leftist. Jared Lee Loughner was a devoted democrat and was questioned by police once at home and five times at college where his bizarre leftist outcries frightened other students. The killer of John Lennon was also a fan of John Lennon and such fan killings by the mentally unstable are not unusual.
Leftist Pima County Democrat Sheriff Clarence Dupnik got the attention he craved when he said Rush Limbaugh, conservatives, and newly elected "opponents to the progress being sought by his fellow leftist Democrats" were responsible for the assassination attempt on Rep. Gabrielle Giffords, D-Ariz.
Tucson bloggers have reported that Loughner’s past outbursts and anti-American behavior had prompted multiple calls to Dupnik’s department. But the leftist sheriff Dupnik is not answering questions. If Dupnik’s department had reason to believe that Loughner was a troubled soul and did not initiate mental health proceedings against him, it would go beyond ethical obligation and into legal culpability. Reporters are now waiting for the reports on the calls to Loughners’ home to be released.
The leftists love Sarah Palin and know they still have a chance as long as Sarah Palin is out there sticking her foot in her mouth. Sarah needs to get an education because she is far too ignorant to lead America. She is the Tea Party's greatest liability and even worse than John McCain who she helped re-elect in Arizona. Blood libel? Palin calls the leftist rhetoric blood libel? Sounds like Sarah Palin is lost somewhere in the Dark Ages. It is a grotesque exaggeration.
It may be true that the Obama leftists want to put a gag on American's constitutional freedom of speech but Palin's perpetual ignorance only helps the leftists.
World Markets:
China is prepared to participate in any future euro zone stabilization measures, seeing the euro as a key pillar of a multi-currency global financial system, deputy central bank governor Yi Gang said on Wednesday. Speaking at a briefing in London by the People's Bank of China (PBOC) and Chinese government officials, Yi also said Beijing would take into "positive consideration" the question of investing in the euro zone's emergency fund for member states. "China indeed supports the series of stabilization measures adopted by the European Union, the ECB (European Central Bank) and the IMF (International Monetary Fund)," Yi said. "China is a stable and continued long-term investor in European financial markets and I'm sure if there's need of the European emergency fund or the stabilization mechanism, we would like to actively participate in these mechanisms -- of course with your permission."
Economic Indicators
Jan 11 10:00 AM Wholesale Inventories Nov were down -0.2 with XMASS sales from being up 1.7% in November.
Yesterday
Jan 12 7:00 AM MBA Mortgage Purchase Index 01/07 up 2.2 % after improving 2.3% last month
Jan 12 8:30 AM Export Prices ex-ag. Dec up 0.8% after being up 0.8% last month. That is almost three times the rate of the FED inflation target.
Jan 12 8:30 AM Import Prices ex-oil Dec up 0.6% after being up 0.8% last month. That is twice the rate of the FED inflation target.
Jan 12 10:30 AM Crude Inventories 01/08 decline 2.2M after declining 4,2M barrels last month.
Jan 12 2:00 PM Treasury Budget Dec was $80Billion last month or about $1trillion per year. That is three times higher than President Bush's highest deficit. That is more than the accumulated Bush deficit from eight years of office. And most of This Obama waste is thrown away on indigents, unions, and ACORN type organizations that do not create jobs.
Jan 12 2:00 PM Fed's Beige Book Jan reports from the twelve Federal Reserve Districts suggest that economic activity continued to expand moderately from November through December. Residential real estate markets remained weak across all Districts. Commercial construction was described as subdued or slow. Most District reports cited comments by both retailers and manufacturers that costs were rising, but indicated that competitive pressures had led to only modest pass-through into final prices. The labor market may have stopped declining.
Today
Jan 13 8:30 AM Initial Claims 01/08
Jan 13 8:30 AM Continuing Claims 01/01
Jan 13 8:30 AM PPI Dec
Jan 13 8:30 AM Core PPI Dec
Jan 13 8:30 AM Trade Balance Nov
Jan 14 8:30 AM CPI Dec
Jan 14 8:30 AM Core CPI Dec
Jan 14 8:30 AM Retail Sales Dec
Jan 14 8:30 AM Retail Sales ex-auto Dec
Jan 14 9:15 AM Industrial Production Dec
Jan 14 9:15 AM Capacity Utilization Dec
Jan 14 9:55 AM Mich Sentiment Jan
Jan 14 10:00 AM Business Inventories Nov
Market Outlook Jan 13, 2011
Currently investors remain at historic levels of optimism, although there were very few to be found actually investing in recent weeks. Most are already fully invested. Short Selling Against S&P 500 Companies is at a one-year low, lower than before the May Flash Crash.
Commodity carriers, already reeling from the biggest slump in freight rates in more than two years are poised to plunge another 32% due to the glut off ships of flooded Australia, according to a Bloomberg survey. There are 132 vessels floating off the Australian State, which accounts for about 50 percent of the global seaborn supply of coal used in steelmaking. While congestion would normally boost freight rates by tying up vessels, flooded mines could spur shippers to order carriers to leave and compete for new orders, said an analyst at Barclays Capital. Should the flooding persist, the Baltic Dry Index may drop as much as 31 percent in the coming months. It slid 1.8 percent yesterday.
More than 123 companies have registered with the SEC for IPO’s, with more than half coming from companies owned by private-equity firms. In 2010, private-equity firms accounted for only 15% of the total. Caution these IPOs will carry much more debt than normal and are already highly leveraged.
By mid year we expect state and federal worker layoffs because the socialists have not put their government houses in order and the Tea Party wants smaller government. Many predict a major sell off at mid year when several individual states also are in budget crisis. But typically the stock market is six months ahead of economy. QE2 ends mid year but that is likely to be extended.
World Markets
Asian markets were up last night. China's market was up 0.2%, Hong Kong up 0.5%, India down -1.8%, and Japan up 0.7%,
European markets are volatile this morning in a range of about -0.3% to +0.5% half way through their day.
US pre-market futures are flat about 0 % at 8 AM EST.
It has now been revealed that Sheriff Dupnik’s department had prior interaction with shooting suspect Jared Loughner. It has now confirmed that deputies made multiple visits to the Loughner home in recent years and at least five visits to the university where leftist shooter, Jared Loughner terrorized students. One student said he always sat near the classroom door so he could be the first to run out. It is clear that Loughner was evidently spiraling downward over the past two years and frightening friends, neighbors and classmates with his leftist rhetoric and views. A shooting buddy told the New York Times that Loughner had become a nihilist like the "letter bomber."
The shooter Jared Lee Loughner was a fan of Representative Giffords and he spouted the similar incoherent leftist anti technology gibberish as the mentally defective 'Letter Bomber" did. You have to be more than just a little loony to be a leftist. Jared Lee Loughner was a devoted democrat and was questioned by police once at home and five times at college where his bizarre leftist outcries frightened other students. The killer of John Lennon was also a fan of John Lennon and such fan killings by the mentally unstable are not unusual.
Leftist Pima County Democrat Sheriff Clarence Dupnik got the attention he craved when he said Rush Limbaugh, conservatives, and newly elected "opponents to the progress being sought by his fellow leftist Democrats" were responsible for the assassination attempt on Rep. Gabrielle Giffords, D-Ariz.
Tucson bloggers have reported that Loughner’s past outbursts and anti-American behavior had prompted multiple calls to Dupnik’s department. But the leftist sheriff Dupnik is not answering questions. If Dupnik’s department had reason to believe that Loughner was a troubled soul and did not initiate mental health proceedings against him, it would go beyond ethical obligation and into legal culpability. Reporters are now waiting for the reports on the calls to Loughners’ home to be released.
The leftists love Sarah Palin and know they still have a chance as long as Sarah Palin is out there sticking her foot in her mouth. Sarah needs to get an education because she is far too ignorant to lead America. She is the Tea Party's greatest liability and even worse than John McCain who she helped re-elect in Arizona. Blood libel? Palin calls the leftist rhetoric blood libel? Sounds like Sarah Palin is lost somewhere in the Dark Ages. It is a grotesque exaggeration.
It may be true that the Obama leftists want to put a gag on American's constitutional freedom of speech but Palin's perpetual ignorance only helps the leftists.
World Markets:
China is prepared to participate in any future euro zone stabilization measures, seeing the euro as a key pillar of a multi-currency global financial system, deputy central bank governor Yi Gang said on Wednesday. Speaking at a briefing in London by the People's Bank of China (PBOC) and Chinese government officials, Yi also said Beijing would take into "positive consideration" the question of investing in the euro zone's emergency fund for member states. "China indeed supports the series of stabilization measures adopted by the European Union, the ECB (European Central Bank) and the IMF (International Monetary Fund)," Yi said. "China is a stable and continued long-term investor in European financial markets and I'm sure if there's need of the European emergency fund or the stabilization mechanism, we would like to actively participate in these mechanisms -- of course with your permission."
Economic Indicators
Jan 11 10:00 AM Wholesale Inventories Nov were down -0.2 with XMASS sales from being up 1.7% in November.
Yesterday
Jan 12 7:00 AM MBA Mortgage Purchase Index 01/07 up 2.2 % after improving 2.3% last month
Jan 12 8:30 AM Export Prices ex-ag. Dec up 0.8% after being up 0.8% last month. That is almost three times the rate of the FED inflation target.
Jan 12 8:30 AM Import Prices ex-oil Dec up 0.6% after being up 0.8% last month. That is twice the rate of the FED inflation target.
Jan 12 10:30 AM Crude Inventories 01/08 decline 2.2M after declining 4,2M barrels last month.
Jan 12 2:00 PM Treasury Budget Dec was $80Billion last month or about $1trillion per year. That is three times higher than President Bush's highest deficit. That is more than the accumulated Bush deficit from eight years of office. And most of This Obama waste is thrown away on indigents, unions, and ACORN type organizations that do not create jobs.
Jan 12 2:00 PM Fed's Beige Book Jan reports from the twelve Federal Reserve Districts suggest that economic activity continued to expand moderately from November through December. Residential real estate markets remained weak across all Districts. Commercial construction was described as subdued or slow. Most District reports cited comments by both retailers and manufacturers that costs were rising, but indicated that competitive pressures had led to only modest pass-through into final prices. The labor market may have stopped declining.
Today
Jan 13 8:30 AM Initial Claims 01/08
Jan 13 8:30 AM Continuing Claims 01/01
Jan 13 8:30 AM PPI Dec
Jan 13 8:30 AM Core PPI Dec
Jan 13 8:30 AM Trade Balance Nov
Jan 14 8:30 AM CPI Dec
Jan 14 8:30 AM Core CPI Dec
Jan 14 8:30 AM Retail Sales Dec
Jan 14 8:30 AM Retail Sales ex-auto Dec
Jan 14 9:15 AM Industrial Production Dec
Jan 14 9:15 AM Capacity Utilization Dec
Jan 14 9:55 AM Mich Sentiment Jan
Jan 14 10:00 AM Business Inventories Nov
Market Outlook Jan 13, 2011
Currently investors remain at historic levels of optimism, although there were very few to be found actually investing in recent weeks. Most are already fully invested. Short Selling Against S&P 500 Companies is at a one-year low, lower than before the May Flash Crash.
Commodity carriers, already reeling from the biggest slump in freight rates in more than two years are poised to plunge another 32% due to the glut off ships of flooded Australia, according to a Bloomberg survey. There are 132 vessels floating off the Australian State, which accounts for about 50 percent of the global seaborn supply of coal used in steelmaking. While congestion would normally boost freight rates by tying up vessels, flooded mines could spur shippers to order carriers to leave and compete for new orders, said an analyst at Barclays Capital. Should the flooding persist, the Baltic Dry Index may drop as much as 31 percent in the coming months. It slid 1.8 percent yesterday.
More than 123 companies have registered with the SEC for IPO’s, with more than half coming from companies owned by private-equity firms. In 2010, private-equity firms accounted for only 15% of the total. Caution these IPOs will carry much more debt than normal and are already highly leveraged.
By mid year we expect state and federal worker layoffs because the socialists have not put their government houses in order and the Tea Party wants smaller government. Many predict a major sell off at mid year when several individual states also are in budget crisis. But typically the stock market is six months ahead of economy. QE2 ends mid year but that is likely to be extended.
World Markets
Asian markets were up last night. China's market was up 0.2%, Hong Kong up 0.5%, India down -1.8%, and Japan up 0.7%,
European markets are volatile this morning in a range of about -0.3% to +0.5% half way through their day.
US pre-market futures are flat about 0 % at 8 AM EST.
Wednesday, January 12, 2011
Americans will be able to take back the government, but not until 2012.
Americans will be able to take back the government, but not until 2012.
The President of the US Chamber of Commerce, Donohue, had to put up with four simultaneous ongoing Federal investigations because the chamber last year decided to support Tea Party candidates because the Obama administration and congress were so leftist that they were destroying the economy. You may recall all the false charges Obama, Pelosi, and Reed were throwing at the COC at that time. It was pure Obama's Gestapo/Stazzi tactics and Nigerian/Indonesian "hack them to death" intimidation and harassment. Yet Donohue’s present comments are American friendly support the White House's new more American civil climate. It came during a speech and press conference about the state of US business, which he said "is improving." The chamber is predicting economic growth of 3.2 percent in 2011 and is “cautiously optimistic that the recovery will continue and pick up steam," he said. Donohue cautioned that it would still leave unemployment in the 8.5 to 9 percent range by year’s end. Nigerian Sharia type relations of the Obama White House and the business community have “never been personal with us,” Donohue said. “It has always been arguments about what we thought about labor or environmental law or health-care law.” “We still face a number of risks that could send us in the wrong direction, and our recovery is fragile and uneven,” Donohue said. "When it comes to jobs, we have a steep hill to climb.”
He added, "There may have been some people over there that got sort of excited about trying to represent their interests." The "over there" possibly refers to the fact the chamber's headquarters sit just across Lafayette Park from the White House. "Over there, over there" is also a WWII song where we send Americans to fight the Nationalist Socialists, the Nazis, "over there" in socialist Europe.
Relations with the business community began improving after the midterm elections, in which Democrats were thrown out 2/1 of the House and Senate. Unfortunately there were not enough Senate socialist up for vote for Americans to take back the Senate as well as the House. Shortly thereafter, Obama agreed to a compromise with Republicans to extend Bush-era tax cuts, and he then reshaped his White House team. Both moves appealed to business groups.
At one point earlier in his administration, Mr. Obama told "60 Minutes" that he "did not run for office to be helping out a bunch of fat cat bankers.” Of course that is not true. George Soros and other fat socialist bankers are the ones who stuffed his coffers and Obama was the one who wanted $1 billion for ACORN, the Chicago activism and prostitution management non-profit corporation. But at a meeting with American business executives last year, Barack Hussein Obama again railed against them again in White House. Obama was and may still be living in his own personal socialist state somewhere in the ozone.
Foreclosure-fraud class action lawsuits have been mounting in Mass. against major US banks across the country, threatening billions more in losses for the industry. There are also several investigations into the matter, including one by involving all 50 state attorneys general. Worst-case stories have featured homeowners who had to fight foreclosure despite not having mortgages at all. GE/MSNBC/Pravda's Jim Cramer says buy the banks now.
World Markets:
Asian markets tumbled yesterday but were flat last night. The big question is how will China deal with their corporate corruption and incompetence. Do communist understand the term, "Crazy like a fox" which describes how massive skimming of profits is hidden by what appears outwardly to be innocent incompetence. It should become obvious when Chinese currency begins to be smuggled out of China. China seems to turn a blind eye toward shell corporations siphoning off capital from foreign investors. Many Chinese stocks that were worth dollars and pounds are now worth pennies.
Yesterday
Jan 11 10:00 AM Wholesale Inventories Nov were down -0.2 with XMASS sales from being up 1.7% in November.
Today
Jan 12 7:00 AM MBA Mortgage Purchase Index 01/07
Jan 12 8:30 AM Export Prices ex-ag. Dec
Jan 12 8:30 AM Import Prices ex-oil Dec
Jan 12 10:30 AM Crude Inventories 01/08
Jan 12 2:00 PM Treasury Budget Dec
Jan 12 2:00 PM Fed's Beige Book Jan
Jan 13 8:30 AM Initial Claims 01/08
Jan 13 8:30 AM Continuing Claims 01/01
Jan 13 8:30 AM PPI Dec
Jan 13 8:30 AM Core PPI Dec
Jan 13 8:30 AM Trade Balance Nov
Jan 14 8:30 AM CPI Dec
Jan 14 8:30 AM Core CPI Dec
Jan 14 8:30 AM Retail Sales Dec
Jan 14 8:30 AM Retail Sales ex-auto Dec
Jan 14 9:15 AM Industrial Production Dec
Jan 14 9:15 AM Capacity Utilization Dec
Jan 14 9:55 AM Mich Sentiment Jan
Jan 14 10:00 AM Business Inventories Nov
Market Outlook Jan 12, 2011
Currently investors remain at historic levels of optimism, although there were very few to be found actually investing again yesterday.
More than 123 companies have registered with the SEC for IPO’s, with more than half coming from companies owned by private-equity firms. In 2010, private-equity firms accounted for only 15% of the total. There will be enormous profits made if stock prices stay at this lofty level. Caution, these IPOs will carry much more debt than normal and are already highly leveraged.
By mid year we expect state and federal worker layoffs because the socialists have not put their government houses in order and the Tea Party wants smaller government. Many predict a major sell off at mid year when several individual states also are in budget crisis. But typically the stock market is six months ahead of economy. QE2 ends mid year but that is likely to be extended.
World Markets
Asian markets were up last night. China's market was up 0.7%, Hong Kong up 1.5%, India up 1.8%, and Japan up 0.02%,
European markets are up this morning in a range of about 0.3% to 1.5% half way through their day.
US pre-market futures are up about 0.55 % at 9:30 AM EST.
The President of the US Chamber of Commerce, Donohue, had to put up with four simultaneous ongoing Federal investigations because the chamber last year decided to support Tea Party candidates because the Obama administration and congress were so leftist that they were destroying the economy. You may recall all the false charges Obama, Pelosi, and Reed were throwing at the COC at that time. It was pure Obama's Gestapo/Stazzi tactics and Nigerian/Indonesian "hack them to death" intimidation and harassment. Yet Donohue’s present comments are American friendly support the White House's new more American civil climate. It came during a speech and press conference about the state of US business, which he said "is improving." The chamber is predicting economic growth of 3.2 percent in 2011 and is “cautiously optimistic that the recovery will continue and pick up steam," he said. Donohue cautioned that it would still leave unemployment in the 8.5 to 9 percent range by year’s end. Nigerian Sharia type relations of the Obama White House and the business community have “never been personal with us,” Donohue said. “It has always been arguments about what we thought about labor or environmental law or health-care law.” “We still face a number of risks that could send us in the wrong direction, and our recovery is fragile and uneven,” Donohue said. "When it comes to jobs, we have a steep hill to climb.”
He added, "There may have been some people over there that got sort of excited about trying to represent their interests." The "over there" possibly refers to the fact the chamber's headquarters sit just across Lafayette Park from the White House. "Over there, over there" is also a WWII song where we send Americans to fight the Nationalist Socialists, the Nazis, "over there" in socialist Europe.
Relations with the business community began improving after the midterm elections, in which Democrats were thrown out 2/1 of the House and Senate. Unfortunately there were not enough Senate socialist up for vote for Americans to take back the Senate as well as the House. Shortly thereafter, Obama agreed to a compromise with Republicans to extend Bush-era tax cuts, and he then reshaped his White House team. Both moves appealed to business groups.
At one point earlier in his administration, Mr. Obama told "60 Minutes" that he "did not run for office to be helping out a bunch of fat cat bankers.” Of course that is not true. George Soros and other fat socialist bankers are the ones who stuffed his coffers and Obama was the one who wanted $1 billion for ACORN, the Chicago activism and prostitution management non-profit corporation. But at a meeting with American business executives last year, Barack Hussein Obama again railed against them again in White House. Obama was and may still be living in his own personal socialist state somewhere in the ozone.
Foreclosure-fraud class action lawsuits have been mounting in Mass. against major US banks across the country, threatening billions more in losses for the industry. There are also several investigations into the matter, including one by involving all 50 state attorneys general. Worst-case stories have featured homeowners who had to fight foreclosure despite not having mortgages at all. GE/MSNBC/Pravda's Jim Cramer says buy the banks now.
World Markets:
Asian markets tumbled yesterday but were flat last night. The big question is how will China deal with their corporate corruption and incompetence. Do communist understand the term, "Crazy like a fox" which describes how massive skimming of profits is hidden by what appears outwardly to be innocent incompetence. It should become obvious when Chinese currency begins to be smuggled out of China. China seems to turn a blind eye toward shell corporations siphoning off capital from foreign investors. Many Chinese stocks that were worth dollars and pounds are now worth pennies.
Yesterday
Jan 11 10:00 AM Wholesale Inventories Nov were down -0.2 with XMASS sales from being up 1.7% in November.
Today
Jan 12 7:00 AM MBA Mortgage Purchase Index 01/07
Jan 12 8:30 AM Export Prices ex-ag. Dec
Jan 12 8:30 AM Import Prices ex-oil Dec
Jan 12 10:30 AM Crude Inventories 01/08
Jan 12 2:00 PM Treasury Budget Dec
Jan 12 2:00 PM Fed's Beige Book Jan
Jan 13 8:30 AM Initial Claims 01/08
Jan 13 8:30 AM Continuing Claims 01/01
Jan 13 8:30 AM PPI Dec
Jan 13 8:30 AM Core PPI Dec
Jan 13 8:30 AM Trade Balance Nov
Jan 14 8:30 AM CPI Dec
Jan 14 8:30 AM Core CPI Dec
Jan 14 8:30 AM Retail Sales Dec
Jan 14 8:30 AM Retail Sales ex-auto Dec
Jan 14 9:15 AM Industrial Production Dec
Jan 14 9:15 AM Capacity Utilization Dec
Jan 14 9:55 AM Mich Sentiment Jan
Jan 14 10:00 AM Business Inventories Nov
Market Outlook Jan 12, 2011
Currently investors remain at historic levels of optimism, although there were very few to be found actually investing again yesterday.
More than 123 companies have registered with the SEC for IPO’s, with more than half coming from companies owned by private-equity firms. In 2010, private-equity firms accounted for only 15% of the total. There will be enormous profits made if stock prices stay at this lofty level. Caution, these IPOs will carry much more debt than normal and are already highly leveraged.
By mid year we expect state and federal worker layoffs because the socialists have not put their government houses in order and the Tea Party wants smaller government. Many predict a major sell off at mid year when several individual states also are in budget crisis. But typically the stock market is six months ahead of economy. QE2 ends mid year but that is likely to be extended.
World Markets
Asian markets were up last night. China's market was up 0.7%, Hong Kong up 1.5%, India up 1.8%, and Japan up 0.02%,
European markets are up this morning in a range of about 0.3% to 1.5% half way through their day.
US pre-market futures are up about 0.55 % at 9:30 AM EST.
Tuesday, January 11, 2011
N. Korea may be willing to unify with South Korea now. South Korea should offer N. Korea that opportunity.
N. Korea may be willing to unify with South Korea now. South Korea should offer N. Korea that opportunity.
China may be willing to have a unified N. Korea now that China no longer fears free enterprise or Christianity.
Christianity certainly beats the holy haters in China who were rioting last year and killing other Chinese by using hypodermic needles and injecting their neighbors with poisons. Who would believe the hate-faith could be so weird?
Foreclosure-fraud class action lawsuits have been mounting against major banks across the country, threatening billions more in losses for the industry. There are also several investigations into the matter, including one by involving all 50 state attorneys general. Worst-case stories have featured homeowners who had to fight foreclosure despite not having mortgages at all. GE/MSNBC/Pravda's Jim Cramer says buy the banks now.
World Markets:
Asian markets tumbled yesterday but were flat last night. The big question is how will China deal with their corporate corruption and incompetence. Do communist understand the term, "Crazy like a fox" which describes how massive skimming of profits is hidden by what appears outwardly to be innocent incompetence. It should become obvious when Chinese currency begins to be smuggled out of China. China seems to turn a blind eye toward shell corporations siphoning off capital from foreign investors. Many Chinese stocks that were worth dollars and pounds are now worth pennies.
Today
Jan 11 10:00 AM Wholesale Inventories Nov
Jan 12 7:00 AM MBA Mortgage Purchase Index 01/07
Jan 12 8:30 AM Export Prices ex-ag. Dec
Jan 12 8:30 AM Import Prices ex-oil Dec
Jan 12 10:30 AM Crude Inventories 01/08
Jan 12 2:00 PM Treasury Budget Dec
Jan 12 2:00 PM Fed's Beige Book Jan
Jan 13 8:30 AM Initial Claims 01/08
Jan 13 8:30 AM Continuing Claims 01/01
Jan 13 8:30 AM PPI Dec
Jan 13 8:30 AM Core PPI Dec
Jan 13 8:30 AM Trade Balance Nov
Jan 14 8:30 AM CPI Dec
Jan 14 8:30 AM Core CPI Dec
Jan 14 8:30 AM Retail Sales Dec
Jan 14 8:30 AM Retail Sales ex-auto Dec
Jan 14 9:15 AM Industrial Production Dec
Jan 14 9:15 AM Capacity Utilization Dec
Jan 14 9:55 AM Mich Sentiment Jan
Jan 14 10:00 AM Business Inventories Nov
Market Outlook Jan 11, 2011
World markets are flat today, but tumbled yesterday after holding a flat first week of the year. Last year Wall Street emphasized earnings while revenues shrunk. This year revenues are being hawked because earnings are dwindling. We will see if investors are that blind.
2009 Earn +6%, Rev-6%
2010 Earn + 0, Rev +6%
Net two-year change, earnings up 3% per year, no revenue change.
Currently investors are at historic levels of optimism, although there were very few to be found investing yesterday. Volume is shrinking, down another 17% yesterday.
By mid year we expect state and federal worker layoffs because the socialists have not put their government houses in order and the Tea Party wants smaller government. Many predict a major sell off at mid year when the individual states also are in budget crisis. But typically the stock market is six months ahead of economy. QE2 ends mid year but that is likely to be extended. Today the FED started saying they are saving jobs just like Obama said he did last year.
World Markets
Asian markets were flat last night. China's market was up 0.5%, Hong Kong up 1%, India down -0.2%, and Japan down 0.3%, Jakarta down -0.7%.
European markets are up this morning in a range of about 0.3% to 1.3% half way through their day.
US pre-market futures are up about 0.5 % at 7:30 AM EST.
China may be willing to have a unified N. Korea now that China no longer fears free enterprise or Christianity.
Christianity certainly beats the holy haters in China who were rioting last year and killing other Chinese by using hypodermic needles and injecting their neighbors with poisons. Who would believe the hate-faith could be so weird?
Foreclosure-fraud class action lawsuits have been mounting against major banks across the country, threatening billions more in losses for the industry. There are also several investigations into the matter, including one by involving all 50 state attorneys general. Worst-case stories have featured homeowners who had to fight foreclosure despite not having mortgages at all. GE/MSNBC/Pravda's Jim Cramer says buy the banks now.
World Markets:
Asian markets tumbled yesterday but were flat last night. The big question is how will China deal with their corporate corruption and incompetence. Do communist understand the term, "Crazy like a fox" which describes how massive skimming of profits is hidden by what appears outwardly to be innocent incompetence. It should become obvious when Chinese currency begins to be smuggled out of China. China seems to turn a blind eye toward shell corporations siphoning off capital from foreign investors. Many Chinese stocks that were worth dollars and pounds are now worth pennies.
Today
Jan 11 10:00 AM Wholesale Inventories Nov
Jan 12 7:00 AM MBA Mortgage Purchase Index 01/07
Jan 12 8:30 AM Export Prices ex-ag. Dec
Jan 12 8:30 AM Import Prices ex-oil Dec
Jan 12 10:30 AM Crude Inventories 01/08
Jan 12 2:00 PM Treasury Budget Dec
Jan 12 2:00 PM Fed's Beige Book Jan
Jan 13 8:30 AM Initial Claims 01/08
Jan 13 8:30 AM Continuing Claims 01/01
Jan 13 8:30 AM PPI Dec
Jan 13 8:30 AM Core PPI Dec
Jan 13 8:30 AM Trade Balance Nov
Jan 14 8:30 AM CPI Dec
Jan 14 8:30 AM Core CPI Dec
Jan 14 8:30 AM Retail Sales Dec
Jan 14 8:30 AM Retail Sales ex-auto Dec
Jan 14 9:15 AM Industrial Production Dec
Jan 14 9:15 AM Capacity Utilization Dec
Jan 14 9:55 AM Mich Sentiment Jan
Jan 14 10:00 AM Business Inventories Nov
Market Outlook Jan 11, 2011
World markets are flat today, but tumbled yesterday after holding a flat first week of the year. Last year Wall Street emphasized earnings while revenues shrunk. This year revenues are being hawked because earnings are dwindling. We will see if investors are that blind.
2009 Earn +6%, Rev-6%
2010 Earn + 0, Rev +6%
Net two-year change, earnings up 3% per year, no revenue change.
Currently investors are at historic levels of optimism, although there were very few to be found investing yesterday. Volume is shrinking, down another 17% yesterday.
By mid year we expect state and federal worker layoffs because the socialists have not put their government houses in order and the Tea Party wants smaller government. Many predict a major sell off at mid year when the individual states also are in budget crisis. But typically the stock market is six months ahead of economy. QE2 ends mid year but that is likely to be extended. Today the FED started saying they are saving jobs just like Obama said he did last year.
World Markets
Asian markets were flat last night. China's market was up 0.5%, Hong Kong up 1%, India down -0.2%, and Japan down 0.3%, Jakarta down -0.7%.
European markets are up this morning in a range of about 0.3% to 1.3% half way through their day.
US pre-market futures are up about 0.5 % at 7:30 AM EST.
Monday, January 10, 2011
The market is ready to tumble. We cannot believe the socialists.
N. Korea may be willing to unify with South Korea now. South Korea should offer N. Korea that opportunity. China may be willing to have a unified N. Korea now that China no longer fears free enterprise or Christianity. Christianity certainly is preferred to the holy haters in China who were rioting last year and killing other Chinese by using hypodermic needles and injecting their neighbors with poisons. Who would believe the hate-faith could be that mentally ill?
Snopes says the chairman of Progressive Insurance is Peter Lewis, one of the major backers of leftist causes in America. See:
http://www.snopes.com/politics/business/peterlewis.asp
Foreclosure-fraud class action lawsuits have been mounting against major banks across the country, threatening billions more in losses for the industry. There are also several investigations into the matter, including one by involving all 50 state attorneys general. Worst-case stories have featured homeowners who had to fight foreclosure despite not having any mortgages at all. GE/MSNBC/Pravda's Jim Cramer is in the ozone and says buy the banks now.
World Markets:
China appears to be behind the sudden decline in N Korean hate speech. That is good news. Perhaps China realizes that N. Korea's criminally insane suicidal hate is not a good indication of how China influences its friends and neighbors. We define ourselves by the kinds of friends we have and by how we handle the bullies and haters. This is good but reliability is also an important quality in a friend. Can we count on China as a reliable partner in world peace? How will China deal with the holly haters?
Last week Gold suffered its greatest single day decline in 11 months. Silver prices plummeted. Both are still about 25% overvalued. High energy prices fund the left and the of hate faiths and they buy gold not free world currencies.
Economic reports:
Last week the economic news was better than in recent past.
Factory Orders Nov were up 0.7% after being down 0.7% the previous month.
Auto Sales Jan US auto sales rose 13% in December, making up the entire increase for the year.
FOMC Minutes -Nothing new
Truck Sales Jan up 11% for the year.
MBA Mortgage Purchase Index 12/31 improved 2.3% after being down 18.7% when the FED first froze bankruptcy processing
Challenger Job Cuts Dec -29% after being just down -3% last month means fewer layoffs predicted
ADP Employment Change Dec added 297 jobs vs 93 last week
ISM Services Dec Institute for Supply Management’s non-factory index, which covers about 90 percent of the economy, rose to 57.1 from 55 in November. A reading greater than 50 signals growth.
Crude Inventories 01/01 -4.2M vs -1.3M last week
Initial Claims 01/01 rose to 409K vs 388K as layoffs apparently overwhelmed the first good month of new hiring.
Continuing Claims 12/25 was manipulated by shifting 22K from this week to last week. It was essentially unchanged.
Nonfarm Payrolls Dec increase 103K after last months 39K increase. Still not enough
Nonfarm Private Payrolls Dec 113K after last months 79K increase. Still not enough
Unemployment Rate Dec manipulated down to 9.4% after reporting 9.8% last month just by not counting anyone now unemployed after 99 weeks. They only count you if you collect benefits like the perpetual "be happy" Obama folk before they go on welfare. Welfare people don't want jobs so they are also not counted as unemployed. Eventually when they get 50% doing nothing they can democratically terminate America and have a big party. Obama's administration is either dishonest or incompetent to put out unemployment numbers that drop 0.4% in one month with no net job growth. The Christian Science Monitor puts the actual American unemployment rate at 16.7% who wish to work, not the indolent. When we hear European rates of 20% that is quoted the way Obama quotes it no the Christian Science Monitor way.
Hourly Earnings Dec up 0.1$ with a FED target closer to 0.25% for inflation.
Average Workweek Dec remained at 34.1 hours with all the temporary workers. Many of the temporary workers hold down two jobs.
Consumer Credit Nov was at 1.3B down from 7B that had been revised up from 3.4B. Communists do not understand economics so what they say often does not make any sense.
Today
Jan 11 10:00 AM Wholesale Inventories Nov
Jan 12 7:00 AM MBA Mortgage Purchase Index 01/07
Jan 12 8:30 AM Export Prices ex-ag. Dec
Jan 12 8:30 AM Import Prices ex-oil Dec
Jan 12 10:30 AM Crude Inventories 01/08
Jan 12 2:00 PM Treasury Budget Dec
Jan 12 2:00 PM Fed's Beige Book Jan
Jan 13 8:30 AM Initial Claims 01/08
Jan 13 8:30 AM Continuing Claims 01/01
Jan 13 8:30 AM PPI Dec
Jan 13 8:30 AM Core PPI Dec
Jan 13 8:30 AM Trade Balance Nov
Jan 14 8:30 AM CPI Dec
Jan 14 8:30 AM Core CPI Dec
Jan 14 8:30 AM Retail Sales Dec
Jan 14 8:30 AM Retail Sales ex-auto Dec
Jan 14 9:15 AM Industrial Production Dec
Jan 14 9:15 AM Capacity Utilization Dec
Jan 14 9:55 AM Mich Sentiment Jan
Jan 14 10:00 AM Business Inventories Nov
Market Outlook Jan 10, 2011
World markets are tumbling today after holding a flat first week of the year.
Last week Jim Cramer of GE/MSNBC/Pravda said Bank of America would rise quickly and gave a bald faced lie stating it has a high level of short selling and the shorts are going to be squeezed. That was a bald faced lie. BAC has very little short interest. See:
http://www.dailyfinance.com/company/bank-of-america-corporation/bac/nys/short-interest
Friday MSNMC had socialist guest saying unemployment will now come down with Obama's new "seasonal" adjustments and will not hit 10%. He had it right. Indeed Obama then fabricated a 9.4% number the fastest decline since unemployment statistics were published. Communists prefer to make up their numbers because they do not understand economics but they do understand propaganda and how to exploit working people. You now need to be a communist or a socialist politician who never had any business experience to hold a good government job under Obama.
The Bill of Rights which includes the right to bear arms was written to protect Americans from the tyranny of the majority and the vicious and idle as socialism/communism slowly destroys former free world economies. James Madison in the Federalist Papers, Feb 5, 1788 wrote to the Massachusetts Convention, "but as a just government protects all alike, it is necessary that the sober and industrious part of the community should be defended from the rapacity and violence of the vicious and idle. A bill of rights, therefore, ought to set forth the purposes for which the compact is made, and serves to secure the minority against the usurpation and tyranny of the majority."
Usurp means to seize, grab, appropriate, take, or commandeer.
By mid year we expect state and federal worker layoffs because the socialists have not put their government houses in order and the Tea Party wants smaller government. Many predict a major sell off at mid year when the individual states also are in budget crisis. But typically the stock market is six months ahead of economy. QE2 ends mid year but that is likely to be extended. Today the FED started saying they are saving jobs just like Obama said he did last year.
World Markets
Asian markets were down sharply last night. China's market was down -1.6%, Hong Kong down -0.7%, India down -3.4%, and Japan was closed, Jakarta down -4.2%.
European markets are down sharply this morning in a range of about -0.4% to -1.7% half way through their day.
US pre-market futures are down about -0.5 % at 7:30 AM EST.
Snopes says the chairman of Progressive Insurance is Peter Lewis, one of the major backers of leftist causes in America. See:
http://www.snopes.com/politics/business/peterlewis.asp
Foreclosure-fraud class action lawsuits have been mounting against major banks across the country, threatening billions more in losses for the industry. There are also several investigations into the matter, including one by involving all 50 state attorneys general. Worst-case stories have featured homeowners who had to fight foreclosure despite not having any mortgages at all. GE/MSNBC/Pravda's Jim Cramer is in the ozone and says buy the banks now.
World Markets:
China appears to be behind the sudden decline in N Korean hate speech. That is good news. Perhaps China realizes that N. Korea's criminally insane suicidal hate is not a good indication of how China influences its friends and neighbors. We define ourselves by the kinds of friends we have and by how we handle the bullies and haters. This is good but reliability is also an important quality in a friend. Can we count on China as a reliable partner in world peace? How will China deal with the holly haters?
Last week Gold suffered its greatest single day decline in 11 months. Silver prices plummeted. Both are still about 25% overvalued. High energy prices fund the left and the of hate faiths and they buy gold not free world currencies.
Economic reports:
Last week the economic news was better than in recent past.
Factory Orders Nov were up 0.7% after being down 0.7% the previous month.
Auto Sales Jan US auto sales rose 13% in December, making up the entire increase for the year.
FOMC Minutes -Nothing new
Truck Sales Jan up 11% for the year.
MBA Mortgage Purchase Index 12/31 improved 2.3% after being down 18.7% when the FED first froze bankruptcy processing
Challenger Job Cuts Dec -29% after being just down -3% last month means fewer layoffs predicted
ADP Employment Change Dec added 297 jobs vs 93 last week
ISM Services Dec Institute for Supply Management’s non-factory index, which covers about 90 percent of the economy, rose to 57.1 from 55 in November. A reading greater than 50 signals growth.
Crude Inventories 01/01 -4.2M vs -1.3M last week
Initial Claims 01/01 rose to 409K vs 388K as layoffs apparently overwhelmed the first good month of new hiring.
Continuing Claims 12/25 was manipulated by shifting 22K from this week to last week. It was essentially unchanged.
Nonfarm Payrolls Dec increase 103K after last months 39K increase. Still not enough
Nonfarm Private Payrolls Dec 113K after last months 79K increase. Still not enough
Unemployment Rate Dec manipulated down to 9.4% after reporting 9.8% last month just by not counting anyone now unemployed after 99 weeks. They only count you if you collect benefits like the perpetual "be happy" Obama folk before they go on welfare. Welfare people don't want jobs so they are also not counted as unemployed. Eventually when they get 50% doing nothing they can democratically terminate America and have a big party. Obama's administration is either dishonest or incompetent to put out unemployment numbers that drop 0.4% in one month with no net job growth. The Christian Science Monitor puts the actual American unemployment rate at 16.7% who wish to work, not the indolent. When we hear European rates of 20% that is quoted the way Obama quotes it no the Christian Science Monitor way.
Hourly Earnings Dec up 0.1$ with a FED target closer to 0.25% for inflation.
Average Workweek Dec remained at 34.1 hours with all the temporary workers. Many of the temporary workers hold down two jobs.
Consumer Credit Nov was at 1.3B down from 7B that had been revised up from 3.4B. Communists do not understand economics so what they say often does not make any sense.
Today
Jan 11 10:00 AM Wholesale Inventories Nov
Jan 12 7:00 AM MBA Mortgage Purchase Index 01/07
Jan 12 8:30 AM Export Prices ex-ag. Dec
Jan 12 8:30 AM Import Prices ex-oil Dec
Jan 12 10:30 AM Crude Inventories 01/08
Jan 12 2:00 PM Treasury Budget Dec
Jan 12 2:00 PM Fed's Beige Book Jan
Jan 13 8:30 AM Initial Claims 01/08
Jan 13 8:30 AM Continuing Claims 01/01
Jan 13 8:30 AM PPI Dec
Jan 13 8:30 AM Core PPI Dec
Jan 13 8:30 AM Trade Balance Nov
Jan 14 8:30 AM CPI Dec
Jan 14 8:30 AM Core CPI Dec
Jan 14 8:30 AM Retail Sales Dec
Jan 14 8:30 AM Retail Sales ex-auto Dec
Jan 14 9:15 AM Industrial Production Dec
Jan 14 9:15 AM Capacity Utilization Dec
Jan 14 9:55 AM Mich Sentiment Jan
Jan 14 10:00 AM Business Inventories Nov
Market Outlook Jan 10, 2011
World markets are tumbling today after holding a flat first week of the year.
Last week Jim Cramer of GE/MSNBC/Pravda said Bank of America would rise quickly and gave a bald faced lie stating it has a high level of short selling and the shorts are going to be squeezed. That was a bald faced lie. BAC has very little short interest. See:
http://www.dailyfinance.com/company/bank-of-america-corporation/bac/nys/short-interest
Friday MSNMC had socialist guest saying unemployment will now come down with Obama's new "seasonal" adjustments and will not hit 10%. He had it right. Indeed Obama then fabricated a 9.4% number the fastest decline since unemployment statistics were published. Communists prefer to make up their numbers because they do not understand economics but they do understand propaganda and how to exploit working people. You now need to be a communist or a socialist politician who never had any business experience to hold a good government job under Obama.
The Bill of Rights which includes the right to bear arms was written to protect Americans from the tyranny of the majority and the vicious and idle as socialism/communism slowly destroys former free world economies. James Madison in the Federalist Papers, Feb 5, 1788 wrote to the Massachusetts Convention, "but as a just government protects all alike, it is necessary that the sober and industrious part of the community should be defended from the rapacity and violence of the vicious and idle. A bill of rights, therefore, ought to set forth the purposes for which the compact is made, and serves to secure the minority against the usurpation and tyranny of the majority."
Usurp means to seize, grab, appropriate, take, or commandeer.
By mid year we expect state and federal worker layoffs because the socialists have not put their government houses in order and the Tea Party wants smaller government. Many predict a major sell off at mid year when the individual states also are in budget crisis. But typically the stock market is six months ahead of economy. QE2 ends mid year but that is likely to be extended. Today the FED started saying they are saving jobs just like Obama said he did last year.
World Markets
Asian markets were down sharply last night. China's market was down -1.6%, Hong Kong down -0.7%, India down -3.4%, and Japan was closed, Jakarta down -4.2%.
European markets are down sharply this morning in a range of about -0.4% to -1.7% half way through their day.
US pre-market futures are down about -0.5 % at 7:30 AM EST.
Friday, January 7, 2011
China is sending teams to study why socialism leads to bankruptcy even in free European democracies.
China is sending teams to study why socialism leads to bankruptcy even in free European democracies. China is experiencing wealth now by allowing free enterprise and they want to understand why redistribution of wealth starts innocently but in the end destroys the nation's work ethic. Socialism is doomed to a government that pretends to meet quotas and a government work force that pretends to work. Socialism plus freedom leads to tribal subsistence. Socialism plus tyranny leads to mass starvation, war, and disease (N. Korea, NAZI, and Imperial Japan). A free market with workers (like Warren Buffet and Steven Jobs) entitled to invest or give away their personal wealth leads to national prosperity. The leaders of China are discovering that socialist leaders rule no differently than the former Chinese dynasties which were benevolent dictatorships. Communism starts as a benevolent dictatorship but then runs out of wealth to redistribute. Then it collapses. Socialism is just a less violent form of communism.
They have a death penalty law in Iran for anyone who causes someone to leave their hate faith. So the Iranians have rounded up all new Christian converts to torture them to get evidence to execute all the Christians they associated with. In the holy hate government of Iran, the persecution of people with Christian ideas of freedoms and work ethic continues with their ruling cult of holy haters. I cult of holy haters is a growing socialist state that keeps its people poor, ignorant, and violent for terrorist fodder. The holy hater of Iraq returned yesterday from Iran to Iraq.
Notice how GE/MSNBC/Pravda stopped covering that welfare woman with two children who got taxpayer money for fertility treatments and had six more children all eight plus her now on welfare. She gets over $80,000 a year of American taxpayer money and she is a hate faith immigrant. The hate faith plans to conquer the world that way, with high birth rates and by murdering Christians and others of faiths of love and peace. Poverty is not the cause of their hatred as Obama claims. Rich educated holly haters from rich American immigrant families and other western nations love to hate and murder too. Terrorism is clearly the result of holly haters of the worlds hate faiths. And they have several sects of hate faiths in competition over who controls the world's oil resources. Obama aids them by shutting down American oil exploration and by trying to bankrupt BP and other free world oil producers.
Obamacare will give 15 million illegal immigrants and 25 million indigents better health care than American workers can afford for themselves. Oh yes, and do you remember when Obama took office and he said American wounded soldiers should pay for their own medical insurance because they volunteered and they knew the risks they were taking? Don't you just love him? The leftists think he is brilliant!
Obama wants gasoline at $4.50 per gallon by this summer according to GE/MSNBC/Pravda (Jan 3). Obama has cut US exploration and international supply with moratoriums. $140 /barrel oil is coming but will the economy crash before or after that! Leftists want high energy prices to fight global warming and to redistribute wealth to Hamas, Iran, George Soros and their other holy hater friends. High energy prices will make energy sector companies recover but it is a tax on the American economy. High energy costs will raise the costs of business and travel. Airlines will suffer badly. It will work to defeat economic and job recovery but would help sell a few electric cars. Only the terrorists benefit because the oil kingdoms fund the world terrorists and have been trying to buy nuclear bombs to attack Israel, Europe, and America.
World Markets:
China appears to be behind the sudden decline in N Korean hate speech. That is good news. Perhaps China realizes that N. Korea's criminally insane suicidal hate is not a good indication of how China influences its friends and neighbors. We define ourselves by the kinds of friends we have and by how we handle the bullies and haters. This is good but reliability is also an important quality in a friend. Can we count on China as a reliable partner in world peace? How will China deal with the holly haters?
Yes, some emerging markets were booming recently but their economies rise twice as fast as the USA but they then fall even faster. Look at how fast Mexico grew when Clinton gave them our manufacturing business! At first the American job losses, inferior Mexican products, and the American deaths from Mexican human feces left on lettuce and tomatoes took a heavy toll on the American worker. But now Mexico has become a major drug producing nation with Mexican trucking rights to go anywhere in America thanks to Obama considering trucking their free trade right. Duhh--That is Clinton's great Mexican trade deal. Mexico is falling deep into poverty as drug lords cause mayhem and murder.
This week Gold suffered its greatest single day decline in 11 months. Silver prices plummeted. Both are still about 25% overvalued. High energy prices fund the left and the of hate faiths and they buy gold not free world currencies.
Economic reports:
This week the news has been better than in recent past.
Construction Spending Nov 2010 subsided to 0.4% from 0.7% improvement the previous month but down 6% from 2009.
http://www.martincapital.com/chart-pgs/Pg_hous.htm
ISM Index Dec shows management optimism is at 57, up slightly from 56.6 last month and back to where we were in 2002. http://www.martincapital.com/chart-pgs/Pg_ism.htm
Factory Orders Nov were up 0.7% after being down 0.7% the previous month.
Auto Sales Jan US auto sales rose 13% in December, making up the entire increase for the year.
FOMC Minutes -Nothing new
Truck Sales Jan up 11% for the year.
MBA Mortgage Purchase Index 12/31 improved 2.3% after being down 18.7% when the FED first froze bankruptcy processing
Challenger Job Cuts Dec -29% after being just down -3% last month means fewer layoffs predicted
ADP Employment Change Dec added 297 jobs vs 93 last week
ISM Services Dec Institute for Supply Management’s non-factory index, which covers about 90 percent of the economy, rose to 57.1 from 55 in November. A reading greater than 50 signals growth.
Crude Inventories 01/01 -4.2M vs -1.3M last week
Initial Claims 01/01 rose to 409K vs 388K as layoffs apparently overwhelmed the first good month of new hiring.
Continuing Claims 12/25 was manipulated by shifting 22K from this week to last week. It was essentially unchanged.
Today
Jan 7 8:30 AM Nonfarm Payrolls Dec
Jan 7 8:30 AM Nonfarm Private Payrolls Dec
Jan 7 8:30 AM Unemployment Rate Dec
Jan 7 8:30 AM Hourly Earnings Dec
Jan 7 8:30 AM Average Workweek Dec
Jan 7 3:00 PM Consumer Credit Nov
Market Outlook Jan 7, 2011
Jim Cramer of GE/MSNBC/Pravda lied last night and said Bank of America would rise quickly because it has a high level of short selling and the shorts are going to be squeezed. That is a bald faced lie. It has very little short interest. See:
http://www.dailyfinance.com/company/bank-of-america-corporation/bac/nys/short-interest
Today MSNMC had extremely bullish socialist guests saying unemployment will now come down with Obama's new "seasonal" adjustments and will not hit 10%. However, they ignore the problem of declining housing prices that are down over 30% the biggest decline in national housing values since the Revolutionary War.
Funds are fully invested. Trading volume has not picked up. There is no evidence the current market level is due to frightened workers returning to the stock markets. There is very little shorting going on, in fact this entire run-up seems to have been caused by shorts covering their positions. If that is true then the public's participation in this run-up is zilch, nada, nothing. The GE/MSNBC farce has run its course. There are record low levels of cash being held by mutual fund managers now. The AAII poll of individual investors is record optimistic, and the low VIX (fear) Index is at record levels of complacent optimism.
Market volume indicates that investors have not returned to stocks. Perhaps they bought gold and silver instead because those commodities went through the roof and beginning a major correction. There was some evidence investors were returning to stocks three months ago but that faded in December. Perhaps investors are buying real estate? Real estate is a much better investment than stocks if you have a reliable source of income but prices fell again this winter. But so many Americans have seen their credit ratings fall and cannot buy a house now.
Waves of military cutbacks are expected this year. For instance 6000 navy desk jobs will be eliminated and the people will be sent out to sea. These are older military personnel with families that Obama wants to get rid of without having to compensate them fairly. So he will make their lives in the service of America as miserable as possible. The Obama strategy is to take from the people who do not support socialism and redistribute their wealth to indolent people with no education, smarts, or work ethic who will vote for a socialist government to house and feed them so they can stay home and watch reality shows and games. That is why American workers do not trust socialist Obamacare. Americans know that people of Obama's profile have a disproportionate number of government jobs and are about 70% of the welfare/title 19 workforce in the leftist run northern states. That is why the white protestant minorities with a work ethic have to get lawyers to protect their parents from being bankrupted by the government and must pay twice as much for their parent's senior care and convalescent homes, than the indigents who vote for socialism pay. That is the way it was in the USSR and East Germany and is becoming in socialist Greece where government employs close to 90% of the Greek indolent population and pays them higher salaries than the people who actually work for a living. In socialist countries, anyone who doesn't "work the system" is considered stupid. Now the socialists' immigration wave is flooding America from Haiti and Mexico because we have so much that they want to take for nothing. And when you get things for nothing you feel entitled and you don't appreciate it because it is free. That is when the idle become viscous. In America you now need to be a communist or a socialist who never had any business experience to hold a good government job under Obama.
James Madison in the Federalist Papers, Feb 5, 1788 wrote to the Massachusetts Convention, "but as a just government protects all alike, it is necessary that the sober and industrious part of the community should be defended from the rapacity and violence of the vicious and idle. A bill of rights, therefore, ought to set forth the purposes for which the compact is made, and serves to secure the minority against the usurpation and tyranny of the majority."
By mid year we expect state and federal worker layoffs because the socialists have not put their government houses in order and the Tea Party wants smaller government. Many predict a major sell off at mid year when the individual states also are in budget crisis. But typically the stock market is six months ahead of economy. QE2 ends mid year but that is likely to be extended.
World Markets
Asian markets were down last night. China's market was up 0.5%, Hong Kong down -0.4%, India down -2.4%, and Japan was up 0.1%, Jakarta down -2.8%.
European markets are up this morning in a range of about 0% to 0.3% half way through their day.
US pre-market futures are up about 0.3 % at 8:00 AM EST.
They have a death penalty law in Iran for anyone who causes someone to leave their hate faith. So the Iranians have rounded up all new Christian converts to torture them to get evidence to execute all the Christians they associated with. In the holy hate government of Iran, the persecution of people with Christian ideas of freedoms and work ethic continues with their ruling cult of holy haters. I cult of holy haters is a growing socialist state that keeps its people poor, ignorant, and violent for terrorist fodder. The holy hater of Iraq returned yesterday from Iran to Iraq.
Notice how GE/MSNBC/Pravda stopped covering that welfare woman with two children who got taxpayer money for fertility treatments and had six more children all eight plus her now on welfare. She gets over $80,000 a year of American taxpayer money and she is a hate faith immigrant. The hate faith plans to conquer the world that way, with high birth rates and by murdering Christians and others of faiths of love and peace. Poverty is not the cause of their hatred as Obama claims. Rich educated holly haters from rich American immigrant families and other western nations love to hate and murder too. Terrorism is clearly the result of holly haters of the worlds hate faiths. And they have several sects of hate faiths in competition over who controls the world's oil resources. Obama aids them by shutting down American oil exploration and by trying to bankrupt BP and other free world oil producers.
Obamacare will give 15 million illegal immigrants and 25 million indigents better health care than American workers can afford for themselves. Oh yes, and do you remember when Obama took office and he said American wounded soldiers should pay for their own medical insurance because they volunteered and they knew the risks they were taking? Don't you just love him? The leftists think he is brilliant!
Obama wants gasoline at $4.50 per gallon by this summer according to GE/MSNBC/Pravda (Jan 3). Obama has cut US exploration and international supply with moratoriums. $140 /barrel oil is coming but will the economy crash before or after that! Leftists want high energy prices to fight global warming and to redistribute wealth to Hamas, Iran, George Soros and their other holy hater friends. High energy prices will make energy sector companies recover but it is a tax on the American economy. High energy costs will raise the costs of business and travel. Airlines will suffer badly. It will work to defeat economic and job recovery but would help sell a few electric cars. Only the terrorists benefit because the oil kingdoms fund the world terrorists and have been trying to buy nuclear bombs to attack Israel, Europe, and America.
World Markets:
China appears to be behind the sudden decline in N Korean hate speech. That is good news. Perhaps China realizes that N. Korea's criminally insane suicidal hate is not a good indication of how China influences its friends and neighbors. We define ourselves by the kinds of friends we have and by how we handle the bullies and haters. This is good but reliability is also an important quality in a friend. Can we count on China as a reliable partner in world peace? How will China deal with the holly haters?
Yes, some emerging markets were booming recently but their economies rise twice as fast as the USA but they then fall even faster. Look at how fast Mexico grew when Clinton gave them our manufacturing business! At first the American job losses, inferior Mexican products, and the American deaths from Mexican human feces left on lettuce and tomatoes took a heavy toll on the American worker. But now Mexico has become a major drug producing nation with Mexican trucking rights to go anywhere in America thanks to Obama considering trucking their free trade right. Duhh--That is Clinton's great Mexican trade deal. Mexico is falling deep into poverty as drug lords cause mayhem and murder.
This week Gold suffered its greatest single day decline in 11 months. Silver prices plummeted. Both are still about 25% overvalued. High energy prices fund the left and the of hate faiths and they buy gold not free world currencies.
Economic reports:
This week the news has been better than in recent past.
Construction Spending Nov 2010 subsided to 0.4% from 0.7% improvement the previous month but down 6% from 2009.
http://www.martincapital.com/chart-pgs/Pg_hous.htm
ISM Index Dec shows management optimism is at 57, up slightly from 56.6 last month and back to where we were in 2002. http://www.martincapital.com/chart-pgs/Pg_ism.htm
Factory Orders Nov were up 0.7% after being down 0.7% the previous month.
Auto Sales Jan US auto sales rose 13% in December, making up the entire increase for the year.
FOMC Minutes -Nothing new
Truck Sales Jan up 11% for the year.
MBA Mortgage Purchase Index 12/31 improved 2.3% after being down 18.7% when the FED first froze bankruptcy processing
Challenger Job Cuts Dec -29% after being just down -3% last month means fewer layoffs predicted
ADP Employment Change Dec added 297 jobs vs 93 last week
ISM Services Dec Institute for Supply Management’s non-factory index, which covers about 90 percent of the economy, rose to 57.1 from 55 in November. A reading greater than 50 signals growth.
Crude Inventories 01/01 -4.2M vs -1.3M last week
Initial Claims 01/01 rose to 409K vs 388K as layoffs apparently overwhelmed the first good month of new hiring.
Continuing Claims 12/25 was manipulated by shifting 22K from this week to last week. It was essentially unchanged.
Today
Jan 7 8:30 AM Nonfarm Payrolls Dec
Jan 7 8:30 AM Nonfarm Private Payrolls Dec
Jan 7 8:30 AM Unemployment Rate Dec
Jan 7 8:30 AM Hourly Earnings Dec
Jan 7 8:30 AM Average Workweek Dec
Jan 7 3:00 PM Consumer Credit Nov
Market Outlook Jan 7, 2011
Jim Cramer of GE/MSNBC/Pravda lied last night and said Bank of America would rise quickly because it has a high level of short selling and the shorts are going to be squeezed. That is a bald faced lie. It has very little short interest. See:
http://www.dailyfinance.com/company/bank-of-america-corporation/bac/nys/short-interest
Today MSNMC had extremely bullish socialist guests saying unemployment will now come down with Obama's new "seasonal" adjustments and will not hit 10%. However, they ignore the problem of declining housing prices that are down over 30% the biggest decline in national housing values since the Revolutionary War.
Funds are fully invested. Trading volume has not picked up. There is no evidence the current market level is due to frightened workers returning to the stock markets. There is very little shorting going on, in fact this entire run-up seems to have been caused by shorts covering their positions. If that is true then the public's participation in this run-up is zilch, nada, nothing. The GE/MSNBC farce has run its course. There are record low levels of cash being held by mutual fund managers now. The AAII poll of individual investors is record optimistic, and the low VIX (fear) Index is at record levels of complacent optimism.
Market volume indicates that investors have not returned to stocks. Perhaps they bought gold and silver instead because those commodities went through the roof and beginning a major correction. There was some evidence investors were returning to stocks three months ago but that faded in December. Perhaps investors are buying real estate? Real estate is a much better investment than stocks if you have a reliable source of income but prices fell again this winter. But so many Americans have seen their credit ratings fall and cannot buy a house now.
Waves of military cutbacks are expected this year. For instance 6000 navy desk jobs will be eliminated and the people will be sent out to sea. These are older military personnel with families that Obama wants to get rid of without having to compensate them fairly. So he will make their lives in the service of America as miserable as possible. The Obama strategy is to take from the people who do not support socialism and redistribute their wealth to indolent people with no education, smarts, or work ethic who will vote for a socialist government to house and feed them so they can stay home and watch reality shows and games. That is why American workers do not trust socialist Obamacare. Americans know that people of Obama's profile have a disproportionate number of government jobs and are about 70% of the welfare/title 19 workforce in the leftist run northern states. That is why the white protestant minorities with a work ethic have to get lawyers to protect their parents from being bankrupted by the government and must pay twice as much for their parent's senior care and convalescent homes, than the indigents who vote for socialism pay. That is the way it was in the USSR and East Germany and is becoming in socialist Greece where government employs close to 90% of the Greek indolent population and pays them higher salaries than the people who actually work for a living. In socialist countries, anyone who doesn't "work the system" is considered stupid. Now the socialists' immigration wave is flooding America from Haiti and Mexico because we have so much that they want to take for nothing. And when you get things for nothing you feel entitled and you don't appreciate it because it is free. That is when the idle become viscous. In America you now need to be a communist or a socialist who never had any business experience to hold a good government job under Obama.
James Madison in the Federalist Papers, Feb 5, 1788 wrote to the Massachusetts Convention, "but as a just government protects all alike, it is necessary that the sober and industrious part of the community should be defended from the rapacity and violence of the vicious and idle. A bill of rights, therefore, ought to set forth the purposes for which the compact is made, and serves to secure the minority against the usurpation and tyranny of the majority."
By mid year we expect state and federal worker layoffs because the socialists have not put their government houses in order and the Tea Party wants smaller government. Many predict a major sell off at mid year when the individual states also are in budget crisis. But typically the stock market is six months ahead of economy. QE2 ends mid year but that is likely to be extended.
World Markets
Asian markets were down last night. China's market was up 0.5%, Hong Kong down -0.4%, India down -2.4%, and Japan was up 0.1%, Jakarta down -2.8%.
European markets are up this morning in a range of about 0% to 0.3% half way through their day.
US pre-market futures are up about 0.3 % at 8:00 AM EST.
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