Wednesday, February 23, 2011

If it is not Obama administration economic stupidity then it is just outright corruption of government figures.

If it is not Obama administration economic stupidity then it is just outright corruption of government figures. This is the second time in two months of phony socialist Obama baloney because they are quoting up the UM (University of Michigan) confidence for this month and the completely different CB (Conference Board) for last month.

Oil over $100 a barrel today has the same economic impact as oil over $140 was in 2008 according to Ministers of Finance. Libyan oil helps Europe avoid dependency on Russian ex-USSR gangster governments.

The Islamists are rioting everywhere and overthrowing all the moderate corrupt (but not suicidal killer regimes) governments. Obama is making the international situation far worse than when he took office.

Imagine that…last week the SEC admitted they currently have no order audit trail to catch the socialist George Soros type equity market manipulators who grow rich buying, inflating, selling, and then imploding the free markets that they seek to destroy.

How to balance the USA budget:
1. NASA should be cut sharply so they learn to get out of politics and go back to real science. NASA has been taken over by the hysterical environmentalists and the junk science product of our be-happy schools were 40% of the Obama be-happy kids drop out.
2. State, city, teachers, and security workers should not be allowed to have unions just as they did not have unions until the beatniks of the late 1960's. The USA had an excellent school system before 1970 and had no immigration problem from be-happy banana republics until the 1960-70 drug culture took over US education.
3. Lay off 20% of state and federal workers this year and another 20% next year.

Current market manipulation could aid American left wing efforts to kill free enterprise and American freedoms. No honest American of good character would discredit America's economic freedom by corruptly manipulating financial markets. Only socialists and communists believe in corrupting and manipulating free markets.

On February 14 MSNBC/Pravda's Jim Crammer officially pointed out and explicitly warned investors on at the start of the show that current evaluations have no basis in real economics. He said they are now based on imagination, the dreams of what could be. He admitted the economic and corporate news has been banal and disappointing. That was one week ago and then he ignore his own honest statement and continued tell people to buy. When the market plunges he will now lie and say he warned people a week in advance when in fact he did tat just one of the last 100 days of his show.

This is a bubble and a crash could is immanent. Flash crashes are caused by fund managers using collected investor data to exploit the buy and stop limits people have set. If they are about to pop a stock bubble they first buy the stock and trigger all near-by small-investor limit buy orders. That causes many stop limit sell orders to be reset higher. Then in rapid succession the manipulators begin massive selling of all the holdings of the target stock triggering a flash crash. Then later they slowly buy near the lows and up until the stock is almost fairly valued. Then they can repeat the process or they can find another stock to manipulate.

World Markets this week:
The world wide socialist "be happy" stimulation package has rewarded only the world's "be happy" people and a world wide economic depression threat is growing again. We must stop throwing money down the "be happy" toilet bowl. Unionized teachers in Wisconsin are an American disgrace just as bad as the Greek union gangsters and should all be fired the way Reagan fired striking air traffic controllers who shut down airports. We need to stop making "tax slaves" out of people who have a work ethic. Government does not create real jobs it creates "pretend jobs" to pay off "be happy" people who come out at demonstrations.

US Economy
Obama needs to stop meddling. He can't lead and he won't follow. Obama should just help America and get out of the way. Obama should let the new Republicans restore confidence to America by resigning now. The people who have work ethics are overtaxed. The lazy government workers all joined the union to steal from the citizens. The union bosses in turn steal from the union funds so the members then demand more from the taxpayers. Wisconsin will begin laying off teachers this Friday unless the unions take a big cut this year.

This week:
Feb 22 9:00 AM Case-Shiller 20-city Index Dec home prices declined -2.38% after declining last month-1.59%

Feb 22 10:00 AM Consumer Confidence Feb jumped to 70.4 from 65.6 last month. This is phony socialist Obama baloney because they are mining up the UM University of Michigan confidence which is always higher than the CB Conference Board. See the truth at this site.
http://www.martincapital.com/chart-pgs/Pg_conco.htm

The Baltic Dry index says the recovery has not begun. Select 3yrs to see how far trade has declined.
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND

Feb 23 7:00 AM MBA Mortgage Index 02/18
Feb 23 7:00 AM MBA Mortgage Purchase Index 02/18 -
Feb 23 10:00 AM Existing Home Sales Jan
Feb 24 8:30 AM Initial Claims 02/19
Feb 24 8:30 AM Continuing Claims 02/12
Feb 24 8:30 AM Durable Orders Jan
Feb 24 8:30 AM Durable Orders ex Transportation Jan
Feb 24 10:00 AM FHFA Housing Price Index Dec
Feb 24 10:00 AM New Home Sales Jan
Feb 24 11:00 AM Crude Inventories 02/19
Feb 25 8:30 AM GDP - Second Estimate Q4 -
Feb 25 8:30 AM GDP Deflator - Second Estimate Q4
Feb 25 9:55 AM Michigan Sentiment - Final Feb

Market Outlook Feb 23, 2011
As stocks plunged 2% yesterday volume soared up 183%. The market hit the resistance line yesterday but we need to watch for follow through.

Last Friday the SEC announced plans to prevent another flash crash (plan to use daily limit up and down moves like the futures market). This will not go into effect for a while. Currently even naked trading is allowed with no audit trails. They propose that at some future time they will also have audit trails. Imagine that…today the SEC will admit they currently have no audit trail to catch the socialist George Soros type manipulators who grow rich manipulating the free markets they seek to destroy.

http://finance.yahoo.com/echarts?s=%5ENYA+Interactive#chart2:symbo yel=^nya;range=1y;indicator=ema(50,20)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined


We are prepared to buy stocks on a significant decline.

World Markets
Asian markets were down again last night. China up 0.2%, Hong Kong down -0.4%, Taiwan down -1.7%, and Japan down -0.8%,

European markets are down sharply this morning in a range of about -0.1% to -1.5% half way through their day.

US pre-market futures are up about 0.4 % at 8 AM EST.

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