International Socialist, Obama, continues to support the Islamist terrorist group called the "Brotherhood" and criticizes the Egyptian Government.

International Socialist, Obama, continues to support the Islamist terrorist group called the "Brotherhood" and criticizes the Egyptian Government. Timothy Snyder, author of “Bloodlands: Europe Between Hitler and Stalin,” discusses Eastern Europe's transition from National Socialism of Hitler to the International Socialism which Obama favors for America and the world.

The book discusses how it was 1933 in Soviet Ukraine, and the widespread famine was the result of forced socialist collectivization. Even as his people died from hunger, Stalin exported grain, and he regarded the starving peasants as conservatives and saboteurs of his socialist economy. Young Ukrainian communists were trained to see freedom loving people as enemy propagandists, “who risked their lives to spoil our optimism.” It was when Hitler and Stalin agreed to divide Poland between them and to conquer the world together for socialism. When the Kharkiv orphanage, filled with starving, moaning orphans, suddenly went silent, caregivers rushed in to find the children eating Petrus, the smallest of them. Some tore off bits of the boy’s flesh and devoured them, while others sucked blood from his wounds.

It’s likely that 3.3 million people died of deliberate starvation in the Soviet Ukraine during the years 1932-33. This was but the opening salvo in a period of unprecedented mass violence in Eastern Europe, where Stalin and Hitler between them killed 14 million noncombatants, mainly women, children in a mere 12 years. WWII was about to begin and Hitler would kill 60 million people mostly in the war and Stalin would kill 80 million people mostly in genocide as he created the USSR and the Eastern European Communist block.

Yes, Hitler and Stalin gave old people social security and then killed them to save socialism. Stalin gave his people housing in unheated mansions where they could starve to death. Socialist leaders like Obama have no work ethic and never held a real private sector job so that means it is up to you to be their slaves so they can rule you and have the best pensions and health care you cannot afford when they retire. Obama goes from crisis holiday to crises holiday on Airforce 1. He needs those holidays because he thinks he is as brilliant as Castro, Ortega, Hitler, and Stalin and does not understand why Americans don't appreciate how he is taking the American economy down a socialist dream/drain and why conservatives want to "spoil his optimism.”


World Markets this week:
 Euro weakens as German factory orders fall more than economists estimated business trends
 The Austrian carbon registry said allowances illegally transferred from the country have been frozen in accounts in Sweden and Liechtenstein and there is no risk they will be traded on the market.
 Recently independent Southern Sudan's rural development minister, Jimmy Milla, assassinated.
 China leaves deposit rate below inflation pace meaning they will have more inflation yet China's Yuan reached a 17-Year high due to trade balance surplus.
 Obama escalates Egypt’s political crisis throwing Hosni Mubarak’s government into disarray in favor of the Islamist terrorist Brotherhood. Metals fell the most in two weeks on concern that higher interest rates will crimp growth and slow commodity demand in China, the world’s biggest metals consumer.
 Vietnam devalued the dong by about 7 percent, the most since at least 1993, to fight deflation, to curb the nation’s trade deficit, and to narrow the gap between official and black-market exchange rates.
 China should reduce Fannie and Freddie investment to avoid huge losses says economist Zhengwei.
 International Socialist, Obama, continues to support the Islamist terrorist group called the "Brotherhood" and criticizes the Egyptian Government.
 The ICE is requiring bigger ‘haircuts’ against CO2 permits after thefts.


US Economy
This week past
Consumer Credit Dec shot up $6.1B from a seasonally adjusted $1.3B increase the previous month.
MBA Mortgage Purchase Index 02/04 plunged -5.5% after rising 11.3% in January.
Crude Inventories 02/05-- Oil declined in New York Wednesday after an Energy Department report showed that U.S. crude stockpiles rose for a fourth week and fuel inventories climbed again by almost 2M barrels.

Yesterday
Initial Claims 02/05 a high 383K after a much higher 415K last week. Phony Obama factoids.
Continuing Claims 01/29 now 3888K down from 3925K last week. Phony Obama.
Wholesale Inventories Dec increased 1.0% after improving slightly last week. Not good.
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.

Today
Feb 11 9:55 AM Mich Sentiment Feb

Market Outlook Feb 11, 2011

Yes, the highs have not been this high since 2008 but the average volume is only 40% of what we saw in 2008. The market is illiquid considering that QE2 is flooding the stock market hedge funds. It is unlikely the FED will have a QE3 and QE2 ends in three months just when state and Federal layoffs rise.

Once again, on a cash flow basis this top is no higher than the 2010 top and is not yet a buy signal. All the cash that flowed out since the May 2010 Flash Crash has now gone back into the market yet the market is up 9% since then due to market price pumping and hedge funds no longer on the short side. That is why we would wait for a substantial correction. The hedge funds will likely start shorting the market soon and all that money could be removed very quickly.

We would be prepared to buy stocks on the next significant dip. Flow into mutual funds from individual investors was down for twenty weeks following the flash crash last May 2010. For the past three weeks of January small investors got in right back in at the highs of the current rally. This means the end of each month probably will see an increase fund flow as 401 plans put money back into the market.

The hedge funds will sell precious metals and commodities all at once and within a week of the peak they will be completely out and the little investors will lose everything. MSNBC/Pravda's Jim Cramer told his listeners to sell after the Flash Crash and all the way down to the bottom and half way back up. He said that there were five reasons not to buy stocks when they were at the low. Then as small investors sold out his hedge fund buddies bought in at the low. Then when the market was half way up he told investors to buy stocks again. After twenty weeks of selling, small investors got back in about five weeks ago. The market began to top and all he does is lie and he says how foolishly bearish the pundits are when this period has in fact been the most bullish period of pundit advice in the last two years. MSNBC/Pravda's Jim Cramer is obviously in some kind of kickback fraud scheme with some hedge funds. We will see if the hedge funds now bail out. Every day they report unbalanced good news when the hedge funds are invested and bad news when the hedge funds are shorting the market. They are still long so yesterday Jim Cramer ignored:

ViiV Healthcare fell over 25% when it was announced that the U.S. Food and Drug Administration (FDA) has placed a hold on the development of a non-nucleoside reverse transcriptase inhibitor (NNRTI) that it was studying, a drug it had licensed from Idenix Pharmaceuticals in 2009. And Jim Cramer said Cisco was already bad for three quarters (who would have known that with all the optimism) and can be ignored.

Shares of Cisco Systems Inc. plunged by over 14 percent in trading Thursday, as investors became nervous about the networking equipment company's flagging competitive outlook and shrinking profit margins.
Akamai shares crushed 15% following disappointing q1 guidance


World Markets
Asian markets were mixed last night. China's holiday up 0.3%, Hong Kong up 0.2%, India up 1.5%, Seoul down -1.5%, and Japan down -0.1%,

European markets are down this morning in a range of about -0.2% to -0.9% half way through their day.

US pre-market futures are down about -0.4 % at 8:00 AM EST.