Leftist carbon registry is run by international crime organizations more powerful than the leftists are.

Leftist carbon registry is run by international crime organizations more powerful than the leftists are.

Judge Roger Vinson, in Pensacola, Fla., ruled that as a result of the unconstitutionality of the "individual mandate" that requires people to buy insurance, the entire law must be declared void. "I must reluctantly conclude that Congress exceeded the bounds of its authority in passing the act with the individual mandate."

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:
 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.

Last Friday
Nonfarm Private Payrolls Jan 36K jobs created down from last month's 113K and we need about 400K
Nonfarm Payrolls Jan 50k which means Obama hired 14K government union slackers last month
Unemployment Rate Jan 9.0% vs. 9.4% last month shows such a ridiculous drop that it must be Obamaslacker incompetence.
Average Workweek Jan 34.2 down from 34.3 meaning fewer hours as well as fewer people working. Very bad
Hourly Earnings Jan up 0.4% vs. 0.1% last month. Excessive increase at 4.8% per year with a 2.5% inflation goal.

Today
Feb 7 3:00 PM Consumer Credit Dec

This week
Feb 9 7:00 AM MBA Mortgage Purchase Index 02/04
Feb 9 10:30 AM Crude Inventories 02/05
Feb 10 8:30 AM Initial Claims 02/05
Feb 10 8:30 AM Continuing Claims 01/29
Feb 10 10:00 AM Wholesale Inventories Dec -
Feb 10 2:00 PM Treasury Budget
Feb 11 9:55 AM Mich Sentiment Feb


Market Outlook Feb 7, 2011
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.

It is clear that the small investor has almost no affect on today's market. The small investor volume is down about 70% from 2006. The stock market is now a big game and game theory is what is driving the market higher. Essentially it is now like it was in 1880 when the big manipulators controlled prices and freight in America. That was when the term "corner the market" came into being. The idea was and still is to buy up resources when they are cheap and then shut them down to create a scarcity like we see in "rare earths" and distilled petroleum products. It could take years for competitors to bring new "rare earths" mining on line but that is fiction as well. The people who have cornered that market are now selling stocks in the mines they say they will bring on line. They have long-term excuses already and they will never bring the new mines on line because the world already has enough mines. The problem is that the self same people who cornered the "rare earths" market have been shutting down mines to make a shortage so they can double prices and increase profits tenfold. Then they reopen the mines in two years and all those fictitious new mining investments go broke taking their big bonuses and leaving the small stockholders broke. That is what they did to oil distilling and natural gas three years ago to get oil prices to increase from $40/ barrel to $102/ barrel yesterday. The little investor is once again the sucker.

Precious metals, oil, and "rare earths" are just the beginning. Obama and his socialists are in the ozone and are clueless to what is going on. Obama fell for the "big oil ploy" and has shut down all offshore oil and all natural gas production. Obama socialists are so stupid they actually believes his socialist theoreticians who are telling him that these high prices will get American to buy electric cars. They are destroying the world economy by causing shortages that drive up prices. Jimmy Carter did the same stupid thing and Ronald Reagan turned the economy around on a dime when he introduced supply side stimulation. Instead Obama is giving us supply side strangulation.


World Markets
Many agencies are reporting the last index changes whish were last week. That is misleading because many exchanges are closed for Chinese New Year holidays.

Asian markets were down last night. China's holiday, Hong Kong down -1.5%, India closed, Jakarta down -0.3% and Japan up 0.5%,

European markets are up this morning in a range of about 0.5% to 1.1% half way through their day.

US pre-market futures are flat about 0.3 % at 7:00 AM EST.