Imagine that! Today the SEC will admit they currently have no order audit trail to catch the socialist George Soros type manipulators who grow rich ma

Imagine that! Today the SEC will admit they currently have no order audit trail to catch the socialist George Soros type manipulators who grow rich manipulating the free markets that they seek to destroy.

In Wisconsin government unionized workers demonstrate and have shut down their schools for five days. The 50 states ran up more than a $170 billion deficit last year and are on course to run about a $140billion loss this year unless there are serious cutbacks. Major cities have greater deficits that even their states have. This is occurring on top of years of hiding deficits by playing Goldman Sucks games and hiding IOU's for future state pensions by moving debts off the books just as it has been revealed that Goldman Sucks had showed Greece how to do it too. Several states and US cities are already insolvent and never before has a state declared bankruptcy. Government will have to make sharp cuts in June and July just when QE2 comes to an end. What Goldman Sucks, George Soros, and MSNBC/Pravda and other well-known socialist contributors to the Obama campaign call good socialist business, the Tea Party would call socialist fraud.

This is the problem we have been talking about that will reach a peak of concern in July of this year. Enormous state and city cut backs are needed to avoid bankruptcy. Fortunately, unlike Greece, there are still more taxpayers in the USA than there are state and federal government union thugs like the ones now demonstrating.

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.


Current market manipulation could aid socialist efforts to kill free enterprise and American freedoms. Perhaps George Soros and the communists are involved too. No honest American of good character would discredit America's economic freedom by manipulating financial markets. Only socialists and communists believe in controlling and manipulating markets.
http://finance.yahoo.com/echarts?s=%5ENYA+Interactive#chart2:symbol=^nya;range=1y;indicator=ema(50,20)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined

On February 14 even MSNBC/Pravda's Jim Crammer pointed out and 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.

This is a bubble and a crash could be 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.

With a socialist government, manipulation of the stock market is also a possible explanation of manipulation when the government buys into private firms to control them. Socialists are like economic terrorists. They are willing to destroy an industry (look at American nuclear, oil, and natural gas exploration) let alone a company that does not obey them even when they have only one member on a corporation's board of directors. Yesterday the WSJ said some people think Obama is a terrorist willing to destroy America to have his vision of American government.


World Markets this week:
The world wide socialist "be happy" stimulation package has rewarded only the world's "be happy" people and an economic depression threat is growing again. We must stop throwing money down the "be happy" toilet bowl. 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 resign.

A stock market crash is immanent.

The past week
MBA Mortgage Purchase Index 02/04 plunged -5.5% after rising 11.3% in January.
Treasury Budget deficits pending rate increased to -$49.8B each week to -42.6B this week. Money down the bowl to ACORN, permanent lazy "just be happy" socialists, government workers and unions.
Mich Sentiment Feb 75.1 up from 74.2 last month.
Retail Sales Jan 0.3% half 0.6%. That is on top of the normal seasonal decline in January and serious.
Retail Sales ex-auto Jan 0.3 down 40% from the seasonally adjusted increase December of 0.5%
Export Prices ex-ag. Jan 0.9% rose from 0.6% last month and could hurt exports.
Import Prices ex-oil Jan 0.8% rose from 0.3% which is inflationary.
Net Long-Term TIC Flows Dec $65.dropped from $85.1B which means the deficit growth is slowing
Business Inventories Dec 0.8% up from 0.2% which is dangerous because it says we are manufacturing more than we can sell already.
Empire Manufacturing Feb 15.43 increased from 11.92 indicating manufacturing increased further.
NAHB Housing Market Index Feb 16 flat at 16 but at least it is not plunging like last month.
Housing Starts Jan improved to 596K from 529K indicates more houses were finished
Building Permits Jan declined to 562K from 635K indicates fewer houses will be built
PPI Jan decreased to 0.8% or 9.6% annually from 1.1% or 13% annually, both very high
Core PPI Jan increased to 0.5% (6% annual) from 0.2% (2.4% annual). ^% says the FED may lose control with QE2 because the inflation goal is only 2.5%. The fed has to halt QE2.
Industrial Production Jan slowed to 0.6% growth from 0.8%
Capacity Utilization Jan increased slightly to 76.2% from % 76.0%
Mortgage Purchase Index 02/11 -9.5% plunging further than last month -5.5%
AM Crude Inventories 02/12 declined to 0.9M from 1.9M barrels this week.
PM Fed Minutes

Yesterday
 CPI Jan 0.4% down from 0.5% and includes energy which is now double the low and 66% to its last high
 Core CPI Jan 0.2% up from 0.1% last month and at the Fed target 2.4% per year
 Initial Claims 02/12 410K terribly high and worse than last weeks 383K
 Continuing Claims 02/05 3911K rose again from 3888K even after many are no longer being listed after their 99 weeks unemployment are up.
 Leading Indicators Jan 0.1% 0.2% 0.3% 0.8% 1.0%
 Philadelphia Fed Feb 35.9 up from last months 19.3. this number must be manipulated or PA should be hiring a lot of people
 The FED minutes said QE2 would continue. The Congress may cut those FED powers after the 2012 elections.


Market Outlook Feb 18, 2011
Today the SEC will announce 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 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.

Watch out, volume dropped a record that exceeds 40% Wednesday and dropped to a new recession low yesterday as the market inched upward again. Everything will collapse including precious metals and even commodities may take half the market hit. It could be big and bad, perhaps 2000 points in the DOW. Until yesterday, the NYSE was the only exchange that reported real stock market volume statistics. Yesterday the NYSE did not report the low NYSE volume. As of this morning they are reporting the volume for Wednesday for both Wednesday and Thursday. That should tell you something about how serious this current market manipulation has become. Check it out quickly before they fabricate another NYSE volume number. What does it tell you when some one is afraid to correctly report simple market information?

http://finance.yahoo.com/q/hp?s=%5ENYA+Historical+Prices

The stock market stands now only approximately a 1 to 2% decline away from triggering a panic as big as 1987's. It would last at least a whole day and orders would be delayed several minutes as they were on May 6, 2010 or for hours as they were much of the first day of the 1987 panic. Look at the 20 and 50 day moving averages through the NYSE data and see the risk. About half the losses would be in the first two days. Then there we expect a bull trap rally the recovers half the losses over a few days. Then there we expect the full decline could take a few more weeks.

We are prepared to buy stocks on the next significant dip.

World Markets
Asian markets were flat last night. China down -1.9%, Hong Kong up 1.2%, and Japan up 0.06%,

European markets are down this morning in a range of about -0.1% to -0.9% half way through their day.

US pre-market futures are down about 0.1 % at 8:00 AM EST.