Selling to the greatest fool is the last stage of a bull market. The flight to quality and the DOW is also part of it. The direction of the market is based on six months in the future not the earnings report of today. QE2 showed up on the corporate balance sheet as low cost credit and improved earnings by improving operating margins. The end of QE2, rising energy costs, and the return to sane federal budgets will pop the QE2 bubble. But worst of all the labor market, the housing market has not improved, and the credit and health of the US Treasury is weakening with the dollar falling and China not buying American Junk debt. In fact all three are getting worse.
Mar 29 Case-Shiller 20-city Index Jan fell 3.1%. US single family home prices fell for the seventh straight month bringing prices down to the April 2009 lows.
Mar 30 ADP Employment Change Mar 201K dropped 7K to 16K from last month which over 9K forward by revising last month down to 208K from the original 217K Quote. Either way the new job creation shrunk at least 7K to 16K
Mar 28 Treasuries fell as the government sold $35 billion of two-year securities at the highest yields in almost a year on concern the Federal Reserve will lose control of interest rates as soon as QE2 ends because other countries do not want to fund the Obama $trillions in deficits. The dollar tumbles to a new low.
This is the time when GE/MSNBC/Pravda and Jimmy Cramer get the greatest fools to buy stocks to help their leaders like GE-Soros-Obama look good. This is the time to take profits. Today the reports from the labor market will determine if the sell-off resumes or not.
Treasuries fell as the government sold $35 billion of two-year securities at the highest yields in almost a year on concern the Federal Reserve will lose control of interest rates as soon as QE2 ends because other countries do not want to fund the Obama $trillions in deficits. The cost of borrowing to support Obama spending on ACORN, Rev. Wright, and Black Panther type objectives is increasing.
World Markets:
Poland’s public debt rose to 53 percent of economic output last year yet still did not trigger any austerity measures, according to the Deputy Finance Minister. After all Japan has been over 100% for a decade.
European confidence in the economic outlook worsened in March but not nearly as much as reported in America on Tuesday. Surging energy costs, nuclear radiation, and Japan’s earthquake threatens global growth. The index of executive and consumer sentiment in the 17- nation euro region slipped to 107.3 from a revised 107.9 in February.
China's stock market prices are in a triangle formation going nowhere and will breakout probably within a month. At this point we believe the breakout will be down because most of the world is tightening belts now and letting interest rats rise to slow demand for debt. Higher rates will put extreme pressure on countries like the "PIIGS", Portugal, Ireland, Iceland, Greece, and Spain. Spain will be the next to fall and beg for a bailout because socialist unions will riot if they don't. The contagion is spreading in the EU. China fell both today and yesterday while most of Asia rose. This is evidence of a breakout of their market beginning on the downside.
US Market Highlights
Latest reports out
Personal Income rate for Feb dropped to 0.3% from 1.2% last month.
Personal Spending increased in Feb by 0.7from 0.3% last month.
PCE Prices - Core inflation in Feb was 0.2%/mo (2.4%/yr) up from 0.1%/mo or 1.2% last month.
Pending Home Sales Feb rose 2.1% offsetting most of the decline of -2.8% last month
Mar 29 Case-Shiller 20-city Index Jan fell 3.1%. US single family home prices fell for the seventh straight month bringing prices down to the April 2009 lows.
Consumer Confidence Mar plummeted steeply to 63.4 from 70.4 last month, a new three-month low.
Mar 30
MBA Mortgage Index 03/25 fell -7.5% after being up +2.7% last week
Challenger Job Cuts Mar down -38.6% canceling more than the 20% increase last month.
ADP Employment Change Mar 201K dropped 7K to 16K from last month which over 9K forward by revising last month down to 208K from the original 217K Quote. Either way the new job creation shrunk at least 7K to 16K depending on how fraudulent the Obama team chose to be.
Crude Inventories 03/26 up slightly to 2.945M from 2.131M
This week's upcoming reports
Mar 31 8:30
Initial Claims 03/26
Continuing Claims 03/19
Chicago PMI Mar
Factory Orders Feb
Apr 1 8:30 AM Nonfarm Payrolls Mar
Nonfarm Private Payrolls Mar -
Unemployment Rate Mar
Hourly Earnings Mar
Average Workweek Mar
ISM Index Mar
Construction Spending Feb
Auto Sales Apr
PM Truck Sales Apr
Market Outlook March 31, 2011
China fell both today and yesterday while most of Asia rose. This is evidence of a breakout of the triangle formation beginning on the downside.
The rise in the DOW is the indication that the there is a flight to safety going on as the DOW came within 2% of its previous high. The DOW could match the previous high but all the other indicators show a head-and-shoulders sell formation is still under way.
Wednesday buying volume was almost average. The VIX trend fell back to normal but began to increase at the end of the day.
The 50dma broke both ways, which frequently happen at the beginning of a decline before the upper resistance level firms up confirming at least an intermediate range decline.
World Markets
International trade shows that the world economy has only revived about 25% not the 60% shown by the stock and commodities markets. That means 60% of the stock market rise from the 2009 lows could evaporate as the initial rise evaporated under Jimmy Carter. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Except for China, Asian markets were up last night. China down -0.9%, Hong Kong up 0.3%, India up 0.8%, and Japan up 0.4%.
European markets are down this morning in a range of about -0.1% to -1% half way through their day.
US pre-market futures are flat at about 0.1 % at 7:30 AM EST.
Thursday, March 31, 2011
Wednesday, March 30, 2011
Obama attacks Moslem Holy soils in three countries. Such a broad attack has not been launched since WWII.
Obama attacks Moslem Holy soils in three countries. Such a broad attack has not been launched since WWII.
Despite reports of Obama's air-strikes, troops loyal to Gaddafi close in on opposition fighters holding the oil port of Ras Lanouf, forcing rebels and civilians to retreat. Obama now has America at war within three Moslem nations. You can be sure Special Forces are at work on the ground even in hostile nations that America is not already at war with.
Treasuries fell as the government sold $35 billion of two-year securities at the highest yields in almost a year on concern the Federal Reserve will lose control of interest rates as soon as QE2 ends because other countries do not want to fund the Obama $trillions in deficits. The cost of borrowing to support Obama spending on ACORN, Rev. Wright, and Black Panther type objectives is increasing.
World Markets:
Poland’s public debt rose to 53 percent of economic output last year yet still did not trigger any austerity measures, according to the Deputy Finance Minister. After all Japan has been over 100% for a decade.
European confidence in the economic outlook worsened in March but not nearly as much as reported in America on Tuesday. Surging energy costs, nuclear radiation, and Japan’s earthquake threatens global growth. The index of executive and consumer sentiment in the 17- nation euro region slipped to 107.3 from a revised 107.9 in February.
China's stock market prices are in a triangle formation going nowhere and will breakout probably within a month. At this point we believe the breakout will be down because most of the world is tightening belts now and letting interest rats rise to slow demand for debt. Higher rates will put extreme pressure on countries like the "PIIGS", Portugal, Ireland, Iceland, Greece, and Spain. Spain will be the next to fall and beg for a bailout because socialist unions will riot if they don't. The contagion is spreading in the EU.
US Market Highlights
Latest reports out
Personal Income rate for Feb dropped to 0.3% from 1.2% last month.
Personal Spending increased in Feb by 0.7from 0.3% last month.
PCE Prices - Core inflation in Feb was 0.2%/mo (2.4%/yr) up from 0.1%/mo or 1.2% last month.
Pending Home Sales Feb rose 2.1% offsetting most of the decline of -2.8% last month
Mar 29 Case-Shiller 20-city Index Jan fell 3.1%. US single family home prices fell for the seventh straight month bringing prices down to the April 2009 lows.
Consumer Confidence Mar plummeted steeply to 63.4 from 70.4 last month, a new three-month low.
This week's upcoming reports
Mar 30 7:00 AM MBA Mortgage Index 03/25
Challenger Job Cuts Mar
ADP Employment Change Mar
Crude Inventories 03/26
Mar 31 8:30 AM Initial Claims 03/26
Continuing Claims 03/19
Chicago PMI Mar
Factory Orders Feb
Apr 1 8:30 AM Nonfarm Payrolls Mar
Nonfarm Private Payrolls Mar -
Unemployment Rate Mar
Hourly Earnings Mar
Average Workweek Mar
ISM Index Mar
Construction Spending Feb
Auto Sales Apr
PM Truck Sales Apr
Market Outlook March 30, 2011
Tuesday buying volume was low but rose 8% from Monday as buyers tricked back. The VIX trend indicates the second leg of the decline may have just begun. http://finance.yahoo.com/q/bc?s=%5EVIX&t=5d&l=on&z=m&q=l&c=
GE/MSNBC/Pravda lied as usual and said the 50dma held but we told you the truth that it broke down and became the upper resistance level confirming at least an intermediate range decline.
The high prices we are seeing are not due to high prosperity causing demand. The high prices are due to QE2 (easy credit) which is about to end and the artificial interruption of energy supplies by the socialists in the oval office. We need to warn you now to liquidate gold and silver as this could be like the market in 73 or 78 when the markets rose and then hit old bottoms. Under Jimmy Carter's malaise he cut energy supplies just as Obama is doing. The current move is in anticipation of a repeat of 1981. That was a one-time occurrence because the USA went off the gold standard in 1970 under President Nixon. The success or President Ronald Reagan was due to his selection of intelligent advisors not socialists and gold fell rapidly from $800/oz to $200/ox and stayed very low for almost 20 years. President Reagan was a supply-side advocate and ended the artificial shortages that president Jimmy caused in everything from toilet paper to gold. So far Barrack Hussein Obama has at least caused no run on toilet paper. It should also be pointed out that under President Jimmy many seniors began eating pet food because President Jimmy did not raise their payment either. The difference now is that president Barrack Hussein Obama has so much corruption he has half of Puerto Rico and Harlem retiring by age 50 on social security disability while American Workers who retire at 66 get no adjustment for inflation in food and heating costs.
The markets all previously broke below their 50 point moving averages and now appear to be topping out at that level last week. MSNBC lies and says the market did not break through the 50dma. You be the judge. To us it looks like the 47dma is no longer a support level but instead has become the resistance level.
S&P
http://finance.yahoo.com/q/ta?s=%5EGSPC&t=1y&l=on&z=m&q=l&p=m50&a=m26-12-9&c=
We think the next stock market support level will be down at Nov 4, 2010 levels about another 7% lower. But actually the main support starts about 17% lower than yesterday's close.
World Markets
International trade shows that the world economy has only revived about 25% not the 60% shown by the stock and commodities markets. That means 60% of the stock market rise from the 2009 lows could evaporate as the initial rise evaporated under Jimmy Carter. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Asian markets were up last night. China down -0.1%, Hong Kong up 1.7%, India up 0.9%, and Japan up 2.6%.
European markets are up this morning in a range of about 0.4% to 1.5% half way through their day.
US pre-market futures are up slightly at about 0.4 % at 7:30 AM EST.
Despite reports of Obama's air-strikes, troops loyal to Gaddafi close in on opposition fighters holding the oil port of Ras Lanouf, forcing rebels and civilians to retreat. Obama now has America at war within three Moslem nations. You can be sure Special Forces are at work on the ground even in hostile nations that America is not already at war with.
Treasuries fell as the government sold $35 billion of two-year securities at the highest yields in almost a year on concern the Federal Reserve will lose control of interest rates as soon as QE2 ends because other countries do not want to fund the Obama $trillions in deficits. The cost of borrowing to support Obama spending on ACORN, Rev. Wright, and Black Panther type objectives is increasing.
World Markets:
Poland’s public debt rose to 53 percent of economic output last year yet still did not trigger any austerity measures, according to the Deputy Finance Minister. After all Japan has been over 100% for a decade.
European confidence in the economic outlook worsened in March but not nearly as much as reported in America on Tuesday. Surging energy costs, nuclear radiation, and Japan’s earthquake threatens global growth. The index of executive and consumer sentiment in the 17- nation euro region slipped to 107.3 from a revised 107.9 in February.
China's stock market prices are in a triangle formation going nowhere and will breakout probably within a month. At this point we believe the breakout will be down because most of the world is tightening belts now and letting interest rats rise to slow demand for debt. Higher rates will put extreme pressure on countries like the "PIIGS", Portugal, Ireland, Iceland, Greece, and Spain. Spain will be the next to fall and beg for a bailout because socialist unions will riot if they don't. The contagion is spreading in the EU.
US Market Highlights
Latest reports out
Personal Income rate for Feb dropped to 0.3% from 1.2% last month.
Personal Spending increased in Feb by 0.7from 0.3% last month.
PCE Prices - Core inflation in Feb was 0.2%/mo (2.4%/yr) up from 0.1%/mo or 1.2% last month.
Pending Home Sales Feb rose 2.1% offsetting most of the decline of -2.8% last month
Mar 29 Case-Shiller 20-city Index Jan fell 3.1%. US single family home prices fell for the seventh straight month bringing prices down to the April 2009 lows.
Consumer Confidence Mar plummeted steeply to 63.4 from 70.4 last month, a new three-month low.
This week's upcoming reports
Mar 30 7:00 AM MBA Mortgage Index 03/25
Challenger Job Cuts Mar
ADP Employment Change Mar
Crude Inventories 03/26
Mar 31 8:30 AM Initial Claims 03/26
Continuing Claims 03/19
Chicago PMI Mar
Factory Orders Feb
Apr 1 8:30 AM Nonfarm Payrolls Mar
Nonfarm Private Payrolls Mar -
Unemployment Rate Mar
Hourly Earnings Mar
Average Workweek Mar
ISM Index Mar
Construction Spending Feb
Auto Sales Apr
PM Truck Sales Apr
Market Outlook March 30, 2011
Tuesday buying volume was low but rose 8% from Monday as buyers tricked back. The VIX trend indicates the second leg of the decline may have just begun. http://finance.yahoo.com/q/bc?s=%5EVIX&t=5d&l=on&z=m&q=l&c=
GE/MSNBC/Pravda lied as usual and said the 50dma held but we told you the truth that it broke down and became the upper resistance level confirming at least an intermediate range decline.
The high prices we are seeing are not due to high prosperity causing demand. The high prices are due to QE2 (easy credit) which is about to end and the artificial interruption of energy supplies by the socialists in the oval office. We need to warn you now to liquidate gold and silver as this could be like the market in 73 or 78 when the markets rose and then hit old bottoms. Under Jimmy Carter's malaise he cut energy supplies just as Obama is doing. The current move is in anticipation of a repeat of 1981. That was a one-time occurrence because the USA went off the gold standard in 1970 under President Nixon. The success or President Ronald Reagan was due to his selection of intelligent advisors not socialists and gold fell rapidly from $800/oz to $200/ox and stayed very low for almost 20 years. President Reagan was a supply-side advocate and ended the artificial shortages that president Jimmy caused in everything from toilet paper to gold. So far Barrack Hussein Obama has at least caused no run on toilet paper. It should also be pointed out that under President Jimmy many seniors began eating pet food because President Jimmy did not raise their payment either. The difference now is that president Barrack Hussein Obama has so much corruption he has half of Puerto Rico and Harlem retiring by age 50 on social security disability while American Workers who retire at 66 get no adjustment for inflation in food and heating costs.
The markets all previously broke below their 50 point moving averages and now appear to be topping out at that level last week. MSNBC lies and says the market did not break through the 50dma. You be the judge. To us it looks like the 47dma is no longer a support level but instead has become the resistance level.
S&P
http://finance.yahoo.com/q/ta?s=%5EGSPC&t=1y&l=on&z=m&q=l&p=m50&a=m26-12-9&c=
We think the next stock market support level will be down at Nov 4, 2010 levels about another 7% lower. But actually the main support starts about 17% lower than yesterday's close.
World Markets
International trade shows that the world economy has only revived about 25% not the 60% shown by the stock and commodities markets. That means 60% of the stock market rise from the 2009 lows could evaporate as the initial rise evaporated under Jimmy Carter. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Asian markets were up last night. China down -0.1%, Hong Kong up 1.7%, India up 0.9%, and Japan up 2.6%.
European markets are up this morning in a range of about 0.4% to 1.5% half way through their day.
US pre-market futures are up slightly at about 0.4 % at 7:30 AM EST.
Tuesday, March 29, 2011
Obama shoots for fuel oil and gasoline prices over $8 /gallon as it is now in most of Europe.
Obama shoots for fuel oil and gasoline prices over $8 /gallon as it is now in most of Europe.
The Obama leftists want to model America after socialist Europe. Having no original thoughts they want to adopt Europe's welfare society, health care, and tiny car/high gas price combination. In France they even tax your color TV, and they put a duty on any gift packages that you get from America. Most Americans in France write home to tell them that the French charged them more for American gifts than they cost in France. Those leftist policies are tariffs that allow Europeans to cheat Americans without violating the many European protective trade laws. High foreign energy prices for US consumers are leaving little left for consumer spending on US products. Obama has strangled US energy production. Spending increased more than expected in February, but data out shows savings rates fell, as Americans used more of their disposable income to pay for basic goods such as heating fuel, electricity gasoline and food.
Caterpillar is considering moving its headquarters from Illinois amid concerns about the state's socialist business policies.
Schlumberger, the world's largest oilfield servicing company, says tumult in the Middle East and Africa will shave down its first-quarter earnings.
Dong Energy A/S, the world’s largest owner of offshore wind parks, will dispose of stakes in additional projects after selling half of its Anholt farm, CEO Anders Eldrup said. Wind energy will not be economically feasible until Obama gets fuel oil and gasoline over $8 /gallon as it is in most of Europe.
Treasuries fell as the government sold $35 billion of two-year securities at the highest yields in almost a year on concern the Federal Reserve will lose control of interest rates as soon as QE2 ends because other countries do not want to fund the Obama $trillions in deficits. The cost of borrowing to support Obama spending on ACORN, Rev. Wright, and Black Panther type objectives is increasing.
World Markets:
Shortages from the socialist's nuclear meltdown in Japan will begin hitting in April. So far Communist USSR and Socialist Japan have had the only accidents that have required evacuations off its people. When Russia's Chernobyl exploded the Black Sea resort had to close down due to radiation in a 200-mile radius. Japan plans to nationalize their nuclear industry so that they can be in the same league as USSR nuclear safety. Socialists are such fools.
China's market prices are in a triangle formation going nowhere and will breakout probably within a month. At this point we believe the breakout will be down because most of the world is tightening belts now and letting interest rats rise to slow demand for debt. Higher rates will put extreme pressure on countries like the "PIIGS", Portugal, Ireland, Iceland, Greece, and Spain. Spain will be the next to fall and beg for a bailout because socialist unions will riot if they don't. The contagion is spreading in the EU.
US Market Highlights
Latest reports out
Personal Income rate for Feb dropped to 0.3% from 1.2% last month.
Personal Spending increased in Feb by 0.7from 0.3% last month.
PCE Prices - Core inflation in Feb was 0.2%/mo (2.4%/yr) up from 0.1%/mo or 1.2% last month.
Pending Home Sales Feb rose 2.1% offsetting most of the decline of -2.8% last month
This week's reports
Mar 29 Case-Shiller 20-city Index Jan fell 3.1%. US single family home prices fell for the seventh straight month bringing prices down to the April 2009 lows.
Consumer Confidence Mar plummeted to 63.4 from 70.4 last month
Mar 30 7:00 AM MBA Mortgage Index 03/25
Challenger Job Cuts Mar
ADP Employment Change Mar
Crude Inventories 03/26
Mar 31 8:30 AM Initial Claims 03/26
Continuing Claims 03/19
Chicago PMI Mar
Factory Orders Feb
Apr 1 8:30 AM Nonfarm Payrolls Mar
Nonfarm Private Payrolls Mar -
Unemployment Rate Mar
Hourly Earnings Mar
Average Workweek Mar
ISM Index Mar
Construction Spending Feb
Auto Sales Apr
PM Truck Sales Apr
Market Outlook March 29, 2011
Monday the early buying volume was extremely low but rose sharply when selling set in and the sellers overwhelmed the buyers. Had not the market closed it could have been a very steep decline. It looks like the second leg of the decline is beginning. There likely will be three legs to the decline.
Look at the 5-day VIX and notice how sharply it rose as the market began to collapse. It means the PUTS will cost a lot more as sellers swing from bullish to bearish. Notice the trend has changed and the second leg of the decline has just begun. Here is the VIX. Look at the last week and the last 3 months to see the turn:
http://finance.yahoo.com/q/bc?s=%5EVIX&t=5d&l=on&z=m&q=l&c=
http://finance.yahoo.com/q/bc?s=%5EVIX&t=3m&l=on&z=m&q=l&c=
GE/MSNBC/Pravda lied as usual and said the 50dma held but we told you the truth that it broke down and became the upper resistance level confirming at least an intermediate range decline.
We need to warn you now to liquidate gold and silver as this could be like the market in 73 or 78 when the markets rose and then hit old bottoms. Under Jimmy Carter's malaise he cut energy supplies just as Obama is doing. The success or President Ronald Reagan was due to his selection of intelligent advisors not socialists. President Reagan was a supply-side advocate not an idiot socialist president who got a Socialist Peace prize like Carter and Obama or like super-idiot Gore. Socialists love the Special Olympics and Carter, Gore, and Obama won the Special Olympics for socialist which is the Nobel Peace Prize.
The markets all previously broke below their 50 point moving averages and now appear to be topping out at that level last week. MSNBC lies and says the market did not break through the 50dma. You be the judge. To us it looks like the 47dma is no longer a support level but instead has become the resistance level.
QQQ
http://finance.yahoo.com/q/ta?t=1y&l=on&z=m&q=l&p=e50&a=m26-12-9&c=&s=qqq
S&P
http://finance.yahoo.com/q/ta?s=%5EGSPC&t=1y&l=on&z=m&q=l&p=m50&a=m26-12-9&c=
We expect a crisis of confidence in Obama to begin soon. There are now even reports on U-tube that Obama uses NLP and other covert hypnotic suggestion techniques on his supporters and in his speeches. They are mind control techniques more advanced than Hitler used to mesmerize Nazi Germany. For instance see:
http://www.youtube.com/watch?v=z4iDwV7hCmw
We think the next stock market support level will be down at Nov 4, 2010 levels about another 7% lower. But actually the main support starts about 17% lower than yesterday's close.
World Markets
GE/MSNBC/Pravda lies continuously. International trade shows that the world economy has only revived about 25% not the 60% shown by the stock and commodities markets. That means 60% of the rise from the 2009 lows could evaporate as the initial rise evaporated under Jimmy Carter. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Asian markets fell last night. China down 0.9%, Hong Kong down -0.1%, India up 0.9%, and Japan down -0.2%.
European markets are falling this morning in a range of about -0.3% to -0.9% half way through their day.
US pre-market futures are flat at about 0.2 % at 7:30 AM EST.
The Obama leftists want to model America after socialist Europe. Having no original thoughts they want to adopt Europe's welfare society, health care, and tiny car/high gas price combination. In France they even tax your color TV, and they put a duty on any gift packages that you get from America. Most Americans in France write home to tell them that the French charged them more for American gifts than they cost in France. Those leftist policies are tariffs that allow Europeans to cheat Americans without violating the many European protective trade laws. High foreign energy prices for US consumers are leaving little left for consumer spending on US products. Obama has strangled US energy production. Spending increased more than expected in February, but data out shows savings rates fell, as Americans used more of their disposable income to pay for basic goods such as heating fuel, electricity gasoline and food.
Caterpillar is considering moving its headquarters from Illinois amid concerns about the state's socialist business policies.
Schlumberger, the world's largest oilfield servicing company, says tumult in the Middle East and Africa will shave down its first-quarter earnings.
Dong Energy A/S, the world’s largest owner of offshore wind parks, will dispose of stakes in additional projects after selling half of its Anholt farm, CEO Anders Eldrup said. Wind energy will not be economically feasible until Obama gets fuel oil and gasoline over $8 /gallon as it is in most of Europe.
Treasuries fell as the government sold $35 billion of two-year securities at the highest yields in almost a year on concern the Federal Reserve will lose control of interest rates as soon as QE2 ends because other countries do not want to fund the Obama $trillions in deficits. The cost of borrowing to support Obama spending on ACORN, Rev. Wright, and Black Panther type objectives is increasing.
World Markets:
Shortages from the socialist's nuclear meltdown in Japan will begin hitting in April. So far Communist USSR and Socialist Japan have had the only accidents that have required evacuations off its people. When Russia's Chernobyl exploded the Black Sea resort had to close down due to radiation in a 200-mile radius. Japan plans to nationalize their nuclear industry so that they can be in the same league as USSR nuclear safety. Socialists are such fools.
China's market prices are in a triangle formation going nowhere and will breakout probably within a month. At this point we believe the breakout will be down because most of the world is tightening belts now and letting interest rats rise to slow demand for debt. Higher rates will put extreme pressure on countries like the "PIIGS", Portugal, Ireland, Iceland, Greece, and Spain. Spain will be the next to fall and beg for a bailout because socialist unions will riot if they don't. The contagion is spreading in the EU.
US Market Highlights
Latest reports out
Personal Income rate for Feb dropped to 0.3% from 1.2% last month.
Personal Spending increased in Feb by 0.7from 0.3% last month.
PCE Prices - Core inflation in Feb was 0.2%/mo (2.4%/yr) up from 0.1%/mo or 1.2% last month.
Pending Home Sales Feb rose 2.1% offsetting most of the decline of -2.8% last month
This week's reports
Mar 29 Case-Shiller 20-city Index Jan fell 3.1%. US single family home prices fell for the seventh straight month bringing prices down to the April 2009 lows.
Consumer Confidence Mar plummeted to 63.4 from 70.4 last month
Mar 30 7:00 AM MBA Mortgage Index 03/25
Challenger Job Cuts Mar
ADP Employment Change Mar
Crude Inventories 03/26
Mar 31 8:30 AM Initial Claims 03/26
Continuing Claims 03/19
Chicago PMI Mar
Factory Orders Feb
Apr 1 8:30 AM Nonfarm Payrolls Mar
Nonfarm Private Payrolls Mar -
Unemployment Rate Mar
Hourly Earnings Mar
Average Workweek Mar
ISM Index Mar
Construction Spending Feb
Auto Sales Apr
PM Truck Sales Apr
Market Outlook March 29, 2011
Monday the early buying volume was extremely low but rose sharply when selling set in and the sellers overwhelmed the buyers. Had not the market closed it could have been a very steep decline. It looks like the second leg of the decline is beginning. There likely will be three legs to the decline.
Look at the 5-day VIX and notice how sharply it rose as the market began to collapse. It means the PUTS will cost a lot more as sellers swing from bullish to bearish. Notice the trend has changed and the second leg of the decline has just begun. Here is the VIX. Look at the last week and the last 3 months to see the turn:
http://finance.yahoo.com/q/bc?s=%5EVIX&t=5d&l=on&z=m&q=l&c=
http://finance.yahoo.com/q/bc?s=%5EVIX&t=3m&l=on&z=m&q=l&c=
GE/MSNBC/Pravda lied as usual and said the 50dma held but we told you the truth that it broke down and became the upper resistance level confirming at least an intermediate range decline.
We need to warn you now to liquidate gold and silver as this could be like the market in 73 or 78 when the markets rose and then hit old bottoms. Under Jimmy Carter's malaise he cut energy supplies just as Obama is doing. The success or President Ronald Reagan was due to his selection of intelligent advisors not socialists. President Reagan was a supply-side advocate not an idiot socialist president who got a Socialist Peace prize like Carter and Obama or like super-idiot Gore. Socialists love the Special Olympics and Carter, Gore, and Obama won the Special Olympics for socialist which is the Nobel Peace Prize.
The markets all previously broke below their 50 point moving averages and now appear to be topping out at that level last week. MSNBC lies and says the market did not break through the 50dma. You be the judge. To us it looks like the 47dma is no longer a support level but instead has become the resistance level.
QQQ
http://finance.yahoo.com/q/ta?t=1y&l=on&z=m&q=l&p=e50&a=m26-12-9&c=&s=qqq
S&P
http://finance.yahoo.com/q/ta?s=%5EGSPC&t=1y&l=on&z=m&q=l&p=m50&a=m26-12-9&c=
We expect a crisis of confidence in Obama to begin soon. There are now even reports on U-tube that Obama uses NLP and other covert hypnotic suggestion techniques on his supporters and in his speeches. They are mind control techniques more advanced than Hitler used to mesmerize Nazi Germany. For instance see:
http://www.youtube.com/watch?v=z4iDwV7hCmw
We think the next stock market support level will be down at Nov 4, 2010 levels about another 7% lower. But actually the main support starts about 17% lower than yesterday's close.
World Markets
GE/MSNBC/Pravda lies continuously. International trade shows that the world economy has only revived about 25% not the 60% shown by the stock and commodities markets. That means 60% of the rise from the 2009 lows could evaporate as the initial rise evaporated under Jimmy Carter. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Asian markets fell last night. China down 0.9%, Hong Kong down -0.1%, India up 0.9%, and Japan down -0.2%.
European markets are falling this morning in a range of about -0.3% to -0.9% half way through their day.
US pre-market futures are flat at about 0.2 % at 7:30 AM EST.
Monday, March 28, 2011
GE/MSNBC/Pravda only pays 3.6% in US taxes.
GE/MSNBC/Pravda only pays 3.6% in US taxes. Yet they are a major defense contractor and the builder of defective nuclear power plants now slowly poisoning Japanese citizens. Sunday it was reported on the first segment of 60-Minutes TV program that GE/MSNBC/Pravda has moved so much work and jobs overseas that it only pays 3.6% in US taxes. Normally taxes are 35% of income so this means that since they only pay one-eighth normal USA taxes they have moved 88% of their work overseas. They should now be considered a foreign corporation and MSMBC should have to register as a foreign propaganda agency. The GE reactor designs used in Japan are so inept that they literally kept partially spent fuel rods in water tanks on the reactor roofs right over the reactors. When the reactor hydrogen explosions occurred the dirty nuclear waste fell onto the reactors. Japan now has tons of nuclear fissionable materials at risk.
The recent report on the investigation of the banks prior to Obama's election shows that many bankers were engaged in outright fraud. What the socialist bankers did was divide the mortgages into slices (tranches in French) with all the known worthless mortgages in one bottom trance which no one would pay one cent for. However the banks made a lot of money selling the better mortgages derivatives. To hide the fact that the bottom tranch was worthless the corrupt bankers traded them back and forth with each other at their full value so that they could use the worthless paper at full value and leverage themselves by using the worthless tranches as collateral for getting valuable low interest loans from the FED. So they even made a profit on the bad loans that way. But the more mortgage derivatives they sold the more worthless tranches they accumulated until the banks were essentially worthless although to the accountants they had a lot of collateral. Then Goldman Sucks and the other worthless banks concealed the fact that the bank assets were worthless and started buying insurance against the worthless derivatives so the insurance companies would have to pay them cash for the derivatives as they failed. Goldman Sucks made a fortune on their insider knowledge and none of the Ponzi scheme bank executives were investigated or ever returned a dime that they made on the multimillion dollar bonuses they got for keeping their mouths shut while they participated in the Ponzi Scheme. They had about ten tomes the hidden losses that the insurance companies had available to cover the losses. So the system froze up instantly because there was not enough money even in the US treasury to bail the banks and insurance companies out. Obama let them all off the hook! Why??? Because all the corrupt socialist bankers running the Ponzi scheme got Obama elected because they clearly assumed he was naïve and could be manipulated. The president of Goldman Sucks, when the Ponzi scheme was at a high point was Paulson. He was the kingpin for the corruption and he was then chosen to run the whole bailout for Obama. Yes, instead of going to jail all the socialist funding Ponzi Bank operators bought Obama and now Obama can only hide the evidence because Obama comes out looking a lot dumber than he said even Bush was.
The Wall Street Journal reported Saturday that of the hundreds of US social security districts, little Puerto Rico has 9 of the 10 highest number of disability payments being paid monthly, an obvious fraud. The other is a district that has a relatively low percentage of WASPs and Native North Americans. We do not want racist inequality in the USA. There should be no significant variation (over any 10-yr. period) for any state, protectorate, racial or ethnic group. WASPs, blacks, Hispanics, Hawaiians, and Native North Americans all should get statistically equal government handouts for education, subsidies, grants, welfare, government disability and etc. Otherwise it is proof of institutionalized racism. Likewise no race/ethnic group should have to pay a higher percentage of total local, state, and federal income. That does not appear to be the case in the USA. There is growing evidence of discrimination in the USA against WASPs and Native North Americans. And there is growing evidence that the Socialist-democrats are becoming the party by the racists and institutionalized racism against the two ethnic groups who created the USA. And since Socialist-democrats are clearly a racist run party they should be denounced and fined heavily to make reparations for what they have unjustly taken. The Native North Americans and the WASPs who created the original freedoms, the American system for economic prosperity, and the greatness of the USA are now minority groups. The usurpers of their wealth need to have an educational system that teaches good character traits such as being more responsible, hard-working, conscientious, honest, dependable, prudent, respectful, considerate, fair, diligent, confident, reliable, responsive, trustworthy, and decisive like the Puritan Protestants and Native North Americans. Be-happy freeloaders came for American welfare and for the corruption and fraudulent disability payments.
Obama is gutting the American economy shutting down our hydrocarbon energy resources and lying to the American people. They do not include the cost of energy in the core inflation number. Energy has already jumped 50% in cost under Obama. The high cost of energy makes American products cost more and our trade deficit worse. It will likely end the feeble recovery we had started.
Also there is now major socialist manipulation of American economic and labor statistics. What the socialists cannot do for the economy they make up with fake economic statistics the way the Russians did before their International Socialism went bankrupt and the USSR collapsed. Obama systematically moves bad economic news backward to the previous report period to make the latest report look better. It is as foolish and corrupt as moving corporate debt off the books to protect the chief executive's derrière while the enterprise is being gutted.
World Markets last week:
Last week highlights
Obama is now systematically moving bad news backward from the present reporting period into the previous report (an adjustment few people look at) to make the latest report look much better. First of all it makes the past look worse and the present improves by twice the amount he moves back in time. Say last week you made $500 and this week you made $495 or 1% less. Obama goes back and changes what he had for two weeks ago to say that you only made $490 not $500 last week and that makes two weeks ago look 2% worse. So he can change last week and report -2% there. But this week relative to last week you are now up 1%. He shows you swung a full 2% from a -1% trend to a +1% trend and he can do the same thing over and over. All they do is make the previous report worse by issuing an update when this week's report comes out and looks better. What Obama does is as foolish and just as corrupt as moving corporate debt off the books to protect the chief executive's derriere while the enterprise is being gutted and the president gets a bigger bonus.
Initial Claims 03/19 before Obama manipulation were 385K the same as last week. Obama however moved 2K from this week to last week to pretend things got 3K better.
Continuing Claims 03/12 before Obama manipulation were 3738K up from 3706K last week. Obama however moved 17K from this week to last week to pretend things got 2K better.
U.S. Durable goods orders unexpectedly fell in February. Orders for goods meant to last at least three years dropped 0.9 percent after a gain of 3.2% reported the prior month that was exaggerated.
The Commerce Department said that durable goods orders excluding transportation equipment fell for a second month including demand for business equipment declined -0.6% in Feb.
GDP - Third Estimate Q4 3.1% second estimate 2.8% first estimate 3.3%
GDP Deflator - Third Estimate Q4 0.4% same as last time 0.4%
Michigan Sentiment - Final Mar was 67.5 down steeply from 68.2.
This week's reports
Mar 28 8:30 AM Personal Income Feb
Personal Spending Feb
PCE Prices - Core Feb
Pending Home Sales Jan
Mar 29 9:00 AM Case-Shiller 20-city Index Jan
Consumer Confidence Mar
Mar 30 7:00 AM MBA Mortgage Index 03/25
Challenger Job Cuts Mar
ADP Employment Change Mar
Crude Inventories 03/26
Mar 31 8:30 AM Initial Claims 03/26
Continuing Claims 03/19
Chicago PMI Mar
Factory Orders Feb
Apr 1 8:30 AM Nonfarm Payrolls Mar
Nonfarm Private Payrolls Mar -
Unemployment Rate Mar
Hourly Earnings Mar
Average Workweek Mar
ISM Index Mar
Construction Spending Feb
Auto Sales Apr
PM Truck Sales Apr
Market Outlook March 28, 2011
Friday buying volume was very low again and sellers let buyers get on the hook once more. But the VIX reversed Friday at around noontime and started increasing indicating that the big money is now betting on resumption this week of the decline. Here is the VIX. Look at the last 3 months and last five days to see the turn:
http://finance.yahoo.com/q/bc?s=%5EVIX&t=3m&l=on&z=m&q=l&c=
http://finance.yahoo.com/q/bc?s=%5EVIX&t=5d&l=on&z=m&q=l&c=
The markets all previously broke below their 50 point moving averages and now appear to be topping out at that level last week. MSNBC lies and says the market did not break through the 50dma. You be the judge. To us it looks like the 47dma is no longer a support level but instead has become the resistance level.
QQQ
http://finance.yahoo.com/q/ta?t=1y&l=on&z=m&q=l&p=e50&a=m26-12-9&c=&s=qqq
S&P
http://finance.yahoo.com/q/ta?s=%5EGSPC&t=1y&l=on&z=m&q=l&p=m50&a=m26-12-9&c=
Never in Since WWII has the American economy been in so much chronic trouble because Obama has been introducing socialism and racism, while abandoning middle class housing at the same time. He does not care about housing because most of his voting block, like his ACORN brown shirt thugs and the Black Panther poll worker intimidators, are renters. So he is letting the American middle class go bankrupt in their houses instead of requiring the banks clean up the mortgage mess they created.
We expect a crisis of confidence in Obama to begin soon. There are now even reports on U-tube that Obama uses NLP and other covert hypnotic suggestion techniques on his supporters and in his speeches. They are mind control techniques more advanced than Hitler used to mesmerize Nazi Germany. For instance see:
http://www.youtube.com/watch?v=z4iDwV7hCmw
We think the next stock market support level will be down at Nov 4, 2010 levels about another 7% lower. But actually the main support starts about 17% lower than yesterday's close.
World Markets
International trade shows that the world economy has only revived about 25% not the 60% shown by the stock and commodities markets. Look at the last five years of world trade and the last year and you can see the world has not recovered the way Obama and GE/MSNBC/Pravda socialists are telling Americans. In fact world trade based on actual shipments is now one third what it was last September. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Asian markets were mixed again last night. China up 0.2%, Hong Kong down -0.4%, Taiwan down -0.7%, India up 0.7%, and Japan down -0.6%.
European markets are mixed this morning up in a range of about -0.2% to 0.4% half way through their day.
US pre-market futures are flat at about 0.1 % at 7:00 AM EST.
The recent report on the investigation of the banks prior to Obama's election shows that many bankers were engaged in outright fraud. What the socialist bankers did was divide the mortgages into slices (tranches in French) with all the known worthless mortgages in one bottom trance which no one would pay one cent for. However the banks made a lot of money selling the better mortgages derivatives. To hide the fact that the bottom tranch was worthless the corrupt bankers traded them back and forth with each other at their full value so that they could use the worthless paper at full value and leverage themselves by using the worthless tranches as collateral for getting valuable low interest loans from the FED. So they even made a profit on the bad loans that way. But the more mortgage derivatives they sold the more worthless tranches they accumulated until the banks were essentially worthless although to the accountants they had a lot of collateral. Then Goldman Sucks and the other worthless banks concealed the fact that the bank assets were worthless and started buying insurance against the worthless derivatives so the insurance companies would have to pay them cash for the derivatives as they failed. Goldman Sucks made a fortune on their insider knowledge and none of the Ponzi scheme bank executives were investigated or ever returned a dime that they made on the multimillion dollar bonuses they got for keeping their mouths shut while they participated in the Ponzi Scheme. They had about ten tomes the hidden losses that the insurance companies had available to cover the losses. So the system froze up instantly because there was not enough money even in the US treasury to bail the banks and insurance companies out. Obama let them all off the hook! Why??? Because all the corrupt socialist bankers running the Ponzi scheme got Obama elected because they clearly assumed he was naïve and could be manipulated. The president of Goldman Sucks, when the Ponzi scheme was at a high point was Paulson. He was the kingpin for the corruption and he was then chosen to run the whole bailout for Obama. Yes, instead of going to jail all the socialist funding Ponzi Bank operators bought Obama and now Obama can only hide the evidence because Obama comes out looking a lot dumber than he said even Bush was.
The Wall Street Journal reported Saturday that of the hundreds of US social security districts, little Puerto Rico has 9 of the 10 highest number of disability payments being paid monthly, an obvious fraud. The other is a district that has a relatively low percentage of WASPs and Native North Americans. We do not want racist inequality in the USA. There should be no significant variation (over any 10-yr. period) for any state, protectorate, racial or ethnic group. WASPs, blacks, Hispanics, Hawaiians, and Native North Americans all should get statistically equal government handouts for education, subsidies, grants, welfare, government disability and etc. Otherwise it is proof of institutionalized racism. Likewise no race/ethnic group should have to pay a higher percentage of total local, state, and federal income. That does not appear to be the case in the USA. There is growing evidence of discrimination in the USA against WASPs and Native North Americans. And there is growing evidence that the Socialist-democrats are becoming the party by the racists and institutionalized racism against the two ethnic groups who created the USA. And since Socialist-democrats are clearly a racist run party they should be denounced and fined heavily to make reparations for what they have unjustly taken. The Native North Americans and the WASPs who created the original freedoms, the American system for economic prosperity, and the greatness of the USA are now minority groups. The usurpers of their wealth need to have an educational system that teaches good character traits such as being more responsible, hard-working, conscientious, honest, dependable, prudent, respectful, considerate, fair, diligent, confident, reliable, responsive, trustworthy, and decisive like the Puritan Protestants and Native North Americans. Be-happy freeloaders came for American welfare and for the corruption and fraudulent disability payments.
Obama is gutting the American economy shutting down our hydrocarbon energy resources and lying to the American people. They do not include the cost of energy in the core inflation number. Energy has already jumped 50% in cost under Obama. The high cost of energy makes American products cost more and our trade deficit worse. It will likely end the feeble recovery we had started.
Also there is now major socialist manipulation of American economic and labor statistics. What the socialists cannot do for the economy they make up with fake economic statistics the way the Russians did before their International Socialism went bankrupt and the USSR collapsed. Obama systematically moves bad economic news backward to the previous report period to make the latest report look better. It is as foolish and corrupt as moving corporate debt off the books to protect the chief executive's derrière while the enterprise is being gutted.
World Markets last week:
Last week highlights
Obama is now systematically moving bad news backward from the present reporting period into the previous report (an adjustment few people look at) to make the latest report look much better. First of all it makes the past look worse and the present improves by twice the amount he moves back in time. Say last week you made $500 and this week you made $495 or 1% less. Obama goes back and changes what he had for two weeks ago to say that you only made $490 not $500 last week and that makes two weeks ago look 2% worse. So he can change last week and report -2% there. But this week relative to last week you are now up 1%. He shows you swung a full 2% from a -1% trend to a +1% trend and he can do the same thing over and over. All they do is make the previous report worse by issuing an update when this week's report comes out and looks better. What Obama does is as foolish and just as corrupt as moving corporate debt off the books to protect the chief executive's derriere while the enterprise is being gutted and the president gets a bigger bonus.
Initial Claims 03/19 before Obama manipulation were 385K the same as last week. Obama however moved 2K from this week to last week to pretend things got 3K better.
Continuing Claims 03/12 before Obama manipulation were 3738K up from 3706K last week. Obama however moved 17K from this week to last week to pretend things got 2K better.
U.S. Durable goods orders unexpectedly fell in February. Orders for goods meant to last at least three years dropped 0.9 percent after a gain of 3.2% reported the prior month that was exaggerated.
The Commerce Department said that durable goods orders excluding transportation equipment fell for a second month including demand for business equipment declined -0.6% in Feb.
GDP - Third Estimate Q4 3.1% second estimate 2.8% first estimate 3.3%
GDP Deflator - Third Estimate Q4 0.4% same as last time 0.4%
Michigan Sentiment - Final Mar was 67.5 down steeply from 68.2.
This week's reports
Mar 28 8:30 AM Personal Income Feb
Personal Spending Feb
PCE Prices - Core Feb
Pending Home Sales Jan
Mar 29 9:00 AM Case-Shiller 20-city Index Jan
Consumer Confidence Mar
Mar 30 7:00 AM MBA Mortgage Index 03/25
Challenger Job Cuts Mar
ADP Employment Change Mar
Crude Inventories 03/26
Mar 31 8:30 AM Initial Claims 03/26
Continuing Claims 03/19
Chicago PMI Mar
Factory Orders Feb
Apr 1 8:30 AM Nonfarm Payrolls Mar
Nonfarm Private Payrolls Mar -
Unemployment Rate Mar
Hourly Earnings Mar
Average Workweek Mar
ISM Index Mar
Construction Spending Feb
Auto Sales Apr
PM Truck Sales Apr
Market Outlook March 28, 2011
Friday buying volume was very low again and sellers let buyers get on the hook once more. But the VIX reversed Friday at around noontime and started increasing indicating that the big money is now betting on resumption this week of the decline. Here is the VIX. Look at the last 3 months and last five days to see the turn:
http://finance.yahoo.com/q/bc?s=%5EVIX&t=3m&l=on&z=m&q=l&c=
http://finance.yahoo.com/q/bc?s=%5EVIX&t=5d&l=on&z=m&q=l&c=
The markets all previously broke below their 50 point moving averages and now appear to be topping out at that level last week. MSNBC lies and says the market did not break through the 50dma. You be the judge. To us it looks like the 47dma is no longer a support level but instead has become the resistance level.
QQQ
http://finance.yahoo.com/q/ta?t=1y&l=on&z=m&q=l&p=e50&a=m26-12-9&c=&s=qqq
S&P
http://finance.yahoo.com/q/ta?s=%5EGSPC&t=1y&l=on&z=m&q=l&p=m50&a=m26-12-9&c=
Never in Since WWII has the American economy been in so much chronic trouble because Obama has been introducing socialism and racism, while abandoning middle class housing at the same time. He does not care about housing because most of his voting block, like his ACORN brown shirt thugs and the Black Panther poll worker intimidators, are renters. So he is letting the American middle class go bankrupt in their houses instead of requiring the banks clean up the mortgage mess they created.
We expect a crisis of confidence in Obama to begin soon. There are now even reports on U-tube that Obama uses NLP and other covert hypnotic suggestion techniques on his supporters and in his speeches. They are mind control techniques more advanced than Hitler used to mesmerize Nazi Germany. For instance see:
http://www.youtube.com/watch?v=z4iDwV7hCmw
We think the next stock market support level will be down at Nov 4, 2010 levels about another 7% lower. But actually the main support starts about 17% lower than yesterday's close.
World Markets
International trade shows that the world economy has only revived about 25% not the 60% shown by the stock and commodities markets. Look at the last five years of world trade and the last year and you can see the world has not recovered the way Obama and GE/MSNBC/Pravda socialists are telling Americans. In fact world trade based on actual shipments is now one third what it was last September. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Asian markets were mixed again last night. China up 0.2%, Hong Kong down -0.4%, Taiwan down -0.7%, India up 0.7%, and Japan down -0.6%.
European markets are mixed this morning up in a range of about -0.2% to 0.4% half way through their day.
US pre-market futures are flat at about 0.1 % at 7:00 AM EST.
Thursday, March 24, 2011
It has been suggested that Obama's ignorance or apathy in dealing with Muslim terrorism could result in Yemen becoming a worse terrorist breeding grou
It has been suggested that Obama's ignorance or apathy in dealing with Muslim terrorism could result in Yemen becoming a worse terrorist breeding ground than Afghanistan.
Half an hour after yesterday's close it was announced that Portugal's parliament is expected to reject government austerity measures on Wednesday, setting the stage for the possible collapse of the minority Socialist administration a day before a European summit. Portuguese Prime Minister Jose Socrates said on Wednesday that he has submitted his resignation. He has said its rejection is forcing the debt-laden country to follow Greece and Ireland and seek an international bailout, which he opposes.
From The London Daily Telegraph Editor on Foreign Relations, Alex Singleton
Quote: "Let me be clear: I'm not normally in favor of boycotts, and I love the American people. I holiday in their country regularly, and hate the tedious snobby sneers against the United States. But the American people chose to elect an idiot who seems hell bent on insulting their allies, and something must be done to stop Obama's reckless foreign policy, before he does the dirty on his allies on every issue."
One of the most poorly kept secrets in Washington is President Obama's animosity toward Great Britain, presumably because of what he regards as its sins while ruling Kenya (1895-1963).
One of Barack Hussein Obama's first acts as president was to return to Britain a bust of Winston Churchill that had graced the Oval Office since 9/11. He followed this up by denying Prime Minister Gordon Brown, on his first state visit, the usual joint press conference with flags.
The president was "too tired" to grant the leader of America 's closest ally a proper welcome, his aides told British journalists.
Mr. Obama followed this up with cheesy gifts for Mr. Brown and the Queen. Columnist Ian Martin described his behaviour as "rudeness personified." There was more rudeness in store for Mr. Brown at the opening session of the United Nations in September. "The prime minister was forced to dash through the kitchens of the UN in New York to secure five minutes of face time with President Obama after five requests for a sit down meeting were rejected by the White House," said London Telegraph columnist David Hughes. Mr. Obama's "churlishness is unforgivable," Mr. Hughes said.
"It is truly shocking that Barack Obama has decided to disregard our shared history," wrote Telegraph columnist Toby Young. "Does Britain 's friendship really mean so little to him?" One could ask, does the friendship of anyone in the entire world mean anything to him?
"I recently asked several senior administration officials, separately, to name a foreign leader with whom Barack Obama has forged a strong personal relationship during his first year in office," wrote Jackson Diehl, deputy editorial page editor of the Washington Post, on Monday. "A lot of hemming and hawing ensued." One official named French President Nicolas Sarkozy, but his contempt for Mr. Obama is an open secret. Another named German Chancellor Angela Merkel. But, said Mr. Diehl, "Merkel too has been conspicuously cool toward Obama."
And the Chinese make little effort to disguise their contempt for him.
For the first time in a long time, the President of the United States is actually distrusted by its allies and not in the least feared by its adversaries. Nor is Mr. Obama now respected by the majority of Americans. Understandably focused on the dismal economy and Mr. Obama's relentless efforts to nationalize and socialize health care, Americans apparently have yet to notice his dismal performance and lack of respect in the world community. They soon will. --London Daily Telegraph editor -- Alex Singleton
Democrat-Socialist Michael Moore suggested that Obama should return the Nobel Peace Prize he won in 2009. The Russians agree and have now asked that it be taken away from Obama.
World Markets this week:
Obama lacks a plan for dealing with chaos in Yemen despite dire warnings. Yemen is the main Al Qaeda breeding ground for Muslim terrorism on the Arabian Peninsula. The group, along with its operational planner, the American Anwar al-Awlaki, are now considered a greater threat than Usama bin Laden's and his network in Pakistan. It has been suggested that Obama's ignorance or apathy in dealing with Muslim terrorists in Yemen could result in a worse terrorist breeding ground than Afghanistan.
The greatest nuclear risk of catastrophe in Japan is the storage of used fuel rods at nuclear facilities because environmentalists and bureaucrats will not allow a solution. In France they reprocess the spent rods and reduce the nuclear threat by 98%. The environmentalist object to that because the recycled fuel actually contains material that could be used for bombs but is not refined to that level of potency. Also the environmentalists do not approve of the final resting-place which is to put the waste back in the ground where it came from. That could be done if uranium mining companies were contracted to seal the waste in old exhausted uranium mines.
US Economy
Sales of existing homes fell slightly in February after three straight monthly increases. Homes sold at an annual rate of 4.88 million in February, down 9.6% from January and 2.8% lower than February 2010 sales. The report was worse than the 5.05 million economists had predicted. At the same time, the median home price declined 5.2% from last year t to $156,100 due to the high percentage of foreclosures and short sales.
FHFA Housing Price Index Jan dropped again -0.3% the same as the adjusted drop last month -0.3%. Had Obama not manipulated this statistic the drop this moth would be 0.5% because the actual original reported drop last month was only -0.1%.
Yesterday
MBA Mortgage Index 03/18 +2.7% vs. last week. -0.7
New Home Sales Feb 250K down 16% from last months 301K, the third monthly decline in a row saying Obama is still living in the Ozone and ignoring this middle class disaster because sensible people will never vote for Obama again…for sure.
Crude Inventories 03/19 2.131M increasing from 1.745M
Mar 24 08:30 Initial Claims 03/19
Mar 24 08:30 Continuing Claims 03/19
Mar 24 08:30 Durable Orders Feb
Mar 24 08:30 Durable Orders ex Transportation Feb
Mar 25 08:30 GDP - Third Estimate Q4
Mar 25 08:30 GDP Deflator - Third Estimate Q4
Mar 25 09:55 Michigan Sentiment - Final Mar 69.0 68.0 68.2
Market Outlook March 24, 2011
Yesterday buying volume was low again and sellers let buyers get on the hook again.
Never in Since WWII has the American economy been in so much chronic trouble because Obama has been introducing socialism, racism, while abandoning housing at the same time. He does not care about housing because most of his voting block, like ACORN, is renters. So he is letting the American lower middle class go bankrupt in their houses instead of requiring the banks clean up the mess they started.
We expect a crisis of confidence in Obama to begin soon. The world is beginning to laugh at Obama's profound economic ignorance.
We think the next stock market support level will be down at Nov 4, 2010 levels about another 6% lower. But actually the real support starts about 16% lower than yesterdays close.
World Markets
International trade shows that the world economy has only revived about 25% not the 60% shown by the stock and commodities markets. Look at the last five years of world trade and the last year and you can see the world has not recovered the way Obama and GE/MSNBC/Pravda socialists are telling Americans. In fact world trade based on actual shipments is now one third what it was last September.
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Asian markets mixed last night. China down -0.1%, Hong Kong up 0.4%, India up 0.7%, and Japan down -0.2%.
European markets are up this morning up in a range of about 0.5% to 1.5% half way through their day.
US pre-market futures are flat at about 0.6% at 8:00 AM EST.
Half an hour after yesterday's close it was announced that Portugal's parliament is expected to reject government austerity measures on Wednesday, setting the stage for the possible collapse of the minority Socialist administration a day before a European summit. Portuguese Prime Minister Jose Socrates said on Wednesday that he has submitted his resignation. He has said its rejection is forcing the debt-laden country to follow Greece and Ireland and seek an international bailout, which he opposes.
From The London Daily Telegraph Editor on Foreign Relations, Alex Singleton
Quote: "Let me be clear: I'm not normally in favor of boycotts, and I love the American people. I holiday in their country regularly, and hate the tedious snobby sneers against the United States. But the American people chose to elect an idiot who seems hell bent on insulting their allies, and something must be done to stop Obama's reckless foreign policy, before he does the dirty on his allies on every issue."
One of the most poorly kept secrets in Washington is President Obama's animosity toward Great Britain, presumably because of what he regards as its sins while ruling Kenya (1895-1963).
One of Barack Hussein Obama's first acts as president was to return to Britain a bust of Winston Churchill that had graced the Oval Office since 9/11. He followed this up by denying Prime Minister Gordon Brown, on his first state visit, the usual joint press conference with flags.
The president was "too tired" to grant the leader of America 's closest ally a proper welcome, his aides told British journalists.
Mr. Obama followed this up with cheesy gifts for Mr. Brown and the Queen. Columnist Ian Martin described his behaviour as "rudeness personified." There was more rudeness in store for Mr. Brown at the opening session of the United Nations in September. "The prime minister was forced to dash through the kitchens of the UN in New York to secure five minutes of face time with President Obama after five requests for a sit down meeting were rejected by the White House," said London Telegraph columnist David Hughes. Mr. Obama's "churlishness is unforgivable," Mr. Hughes said.
"It is truly shocking that Barack Obama has decided to disregard our shared history," wrote Telegraph columnist Toby Young. "Does Britain 's friendship really mean so little to him?" One could ask, does the friendship of anyone in the entire world mean anything to him?
"I recently asked several senior administration officials, separately, to name a foreign leader with whom Barack Obama has forged a strong personal relationship during his first year in office," wrote Jackson Diehl, deputy editorial page editor of the Washington Post, on Monday. "A lot of hemming and hawing ensued." One official named French President Nicolas Sarkozy, but his contempt for Mr. Obama is an open secret. Another named German Chancellor Angela Merkel. But, said Mr. Diehl, "Merkel too has been conspicuously cool toward Obama."
And the Chinese make little effort to disguise their contempt for him.
For the first time in a long time, the President of the United States is actually distrusted by its allies and not in the least feared by its adversaries. Nor is Mr. Obama now respected by the majority of Americans. Understandably focused on the dismal economy and Mr. Obama's relentless efforts to nationalize and socialize health care, Americans apparently have yet to notice his dismal performance and lack of respect in the world community. They soon will. --London Daily Telegraph editor -- Alex Singleton
Democrat-Socialist Michael Moore suggested that Obama should return the Nobel Peace Prize he won in 2009. The Russians agree and have now asked that it be taken away from Obama.
World Markets this week:
Obama lacks a plan for dealing with chaos in Yemen despite dire warnings. Yemen is the main Al Qaeda breeding ground for Muslim terrorism on the Arabian Peninsula. The group, along with its operational planner, the American Anwar al-Awlaki, are now considered a greater threat than Usama bin Laden's and his network in Pakistan. It has been suggested that Obama's ignorance or apathy in dealing with Muslim terrorists in Yemen could result in a worse terrorist breeding ground than Afghanistan.
The greatest nuclear risk of catastrophe in Japan is the storage of used fuel rods at nuclear facilities because environmentalists and bureaucrats will not allow a solution. In France they reprocess the spent rods and reduce the nuclear threat by 98%. The environmentalist object to that because the recycled fuel actually contains material that could be used for bombs but is not refined to that level of potency. Also the environmentalists do not approve of the final resting-place which is to put the waste back in the ground where it came from. That could be done if uranium mining companies were contracted to seal the waste in old exhausted uranium mines.
US Economy
Sales of existing homes fell slightly in February after three straight monthly increases. Homes sold at an annual rate of 4.88 million in February, down 9.6% from January and 2.8% lower than February 2010 sales. The report was worse than the 5.05 million economists had predicted. At the same time, the median home price declined 5.2% from last year t to $156,100 due to the high percentage of foreclosures and short sales.
FHFA Housing Price Index Jan dropped again -0.3% the same as the adjusted drop last month -0.3%. Had Obama not manipulated this statistic the drop this moth would be 0.5% because the actual original reported drop last month was only -0.1%.
Yesterday
MBA Mortgage Index 03/18 +2.7% vs. last week. -0.7
New Home Sales Feb 250K down 16% from last months 301K, the third monthly decline in a row saying Obama is still living in the Ozone and ignoring this middle class disaster because sensible people will never vote for Obama again…for sure.
Crude Inventories 03/19 2.131M increasing from 1.745M
Mar 24 08:30 Initial Claims 03/19
Mar 24 08:30 Continuing Claims 03/19
Mar 24 08:30 Durable Orders Feb
Mar 24 08:30 Durable Orders ex Transportation Feb
Mar 25 08:30 GDP - Third Estimate Q4
Mar 25 08:30 GDP Deflator - Third Estimate Q4
Mar 25 09:55 Michigan Sentiment - Final Mar 69.0 68.0 68.2
Market Outlook March 24, 2011
Yesterday buying volume was low again and sellers let buyers get on the hook again.
Never in Since WWII has the American economy been in so much chronic trouble because Obama has been introducing socialism, racism, while abandoning housing at the same time. He does not care about housing because most of his voting block, like ACORN, is renters. So he is letting the American lower middle class go bankrupt in their houses instead of requiring the banks clean up the mess they started.
We expect a crisis of confidence in Obama to begin soon. The world is beginning to laugh at Obama's profound economic ignorance.
We think the next stock market support level will be down at Nov 4, 2010 levels about another 6% lower. But actually the real support starts about 16% lower than yesterdays close.
World Markets
International trade shows that the world economy has only revived about 25% not the 60% shown by the stock and commodities markets. Look at the last five years of world trade and the last year and you can see the world has not recovered the way Obama and GE/MSNBC/Pravda socialists are telling Americans. In fact world trade based on actual shipments is now one third what it was last September.
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Asian markets mixed last night. China down -0.1%, Hong Kong up 0.4%, India up 0.7%, and Japan down -0.2%.
European markets are up this morning up in a range of about 0.5% to 1.5% half way through their day.
US pre-market futures are flat at about 0.6% at 8:00 AM EST.
Wednesday, March 23, 2011
Obama won't be going to the Royal wedding. America's allies think he is a churlish fool.
Obama won't be going to the Royal wedding. America's allies think he is a churlish fool.
From The London Daily Telegraph Editor on Foreign Relations, Alex Singleton
Quote: "Let me be clear: I'm not normally in favor of boycotts, and I love the American people. I holiday in their country regularly, and hate the tedious snobby sneers against the United States. But the American people chose to elect an idiot who seems hell bent on insulting their allies, and something must be done to stop Obama's reckless foreign policy, before he does the dirty on his allies on every issue."
One of the most poorly kept secrets in Washington is President Obama's animosity toward Great Britain, presumably because of what he regards as its sins while ruling Kenya (1895-1963).
One of Barack Hussein Obama's first acts as president was to return to Britain a bust of Winston Churchill that had graced the Oval Office since 9/11. He followed this up by denying Prime Minister Gordon Brown, on his first state visit, the usual joint press conference with flags.
The president was "too tired" to grant the leader of America 's closest ally a proper welcome, his aides told British journalists.
Mr. Obama followed this up with cheesy gifts for Mr. Brown and the Queen. Columnist Ian Martin described his behaviour as "rudeness personified." There was more rudeness in store for Mr. Brown at the opening session of the United Nations in September. "The prime minister was forced to dash through the kitchens of the UN in New York to secure five minutes of face time with President Obama after five requests for a sit down meeting were rejected by the White House," said London Telegraph columnist David Hughes. Mr. Obama's "churlishness is unforgivable," Mr. Hughes said.
"It is truly shocking that Barack Obama has decided to disregard our shared history," wrote Telegraph columnist Toby Young. "Does Britain 's friendship really mean so little to him?" One could ask, does the friendship of anyone in the entire world mean anything to him?
"I recently asked several senior administration officials, separately, to name a foreign leader with whom Barack Obama has forged a strong personal relationship during his first year in office," wrote Jackson Diehl, deputy editorial page editor of the Washington Post, on Monday. "A lot of hemming and hawing ensued." One official named French President Nicolas Sarkozy, but his contempt for Mr. Obama is an open secret. Another named German Chancellor Angela Merkel. But, said Mr. Diehl, "Merkel too has been conspicuously cool toward Obama."
And the Chinese make little effort to disguise their contempt for him.
For the first time in a long time, the President of the United States is actually distrusted by its allies and not in the least feared by its adversaries. Nor is Mr. Obama now respected by the majority of Americans. Understandably focused on the dismal economy and Mr. Obama's relentless efforts to nationalize and socialize health care, Americans apparently have yet to notice his dismal performance and lack of respect in the world community. They soon will. --London Daily Telegraph editor -- Alex Singleton
Democrat-Socialist Michael Moore Rips President Obama
Moore suggested that Obama should return the Nobel Peace Prize he won in 2009. The Russians agree and have now asked that it be taken away from Obama.
It appears the U.K. was right on target when it raised rates and began to start cutting government spending. Inflation there accelerated faster than economists forecast in February to the fastest pace in more than two years. That is adding pressure on the Bank of England to again increase its benchmark interest rate.
GE/MSNBC/Pravda should be banned from the American nuclear and defense industries after their exhibition of incompetence and irresponsibility in Japan. How can a company run by people filled with hate for free enterprise be depended upon to defend and keep America safe?
World Markets this week:
The greatest nuclear risk of catastrophe in Japan is the storage of used fuel rods at nuclear facilities because environmentalists and bureaucrats will not allow a solution. In France they reprocess the spent rods and reduce the nuclear threat by 98%. The environmentalist object to that because the recycled fuel actually contains material that could be used for bombs but is not refined to that level of potency. Also the environmentalists do not approve of the final resting-place which is to put the waste back in the ground where it came from. That could be done if uranium mining companies were contracted to seal the waste in old exhausted uranium mines.
US Economy
Sales of existing homes fell slightly in February after three straight monthly increases. Homes sold at an annual rate of 4.88 million in February, down 9.6% from January and 2.8% lower than February 2010 sales. The report was worse than the 5.05 million economists had predicted. At the same time, the median home price declined 5.2% from last year t to $156,100 due to the high percentage of foreclosures and short sales.
FHFA Housing Price Index Jan dropped again -0.3% the same as the adjusted drop last month -0.3%. Had Obama not manipulated this statistic the drop this moth would be 0.5% because the actual original reported drop last month was only -0.1%.
Yesterday
MBA Mortgage Index 03/18 +2.7% vs. last week. -0.7
New Home Sales Feb 250K down 16% from last months 301K, the third monthly decline in a row saying Obama is still living in the Ozone and ignoring this middle class disaster because sensible people will never vote for Obama again…for sure.
Crude Inventories 03/19 2.131M increasing from 1.745M
Mar 24 08:30 Initial Claims 03/19
Mar 24 08:30 Continuing Claims 03/19
Mar 24 08:30 Durable Orders Feb
Mar 24 08:30 Durable Orders ex Transportation Feb
Mar 25 08:30 GDP - Third Estimate Q4
Mar 25 08:30 GDP Deflator - Third Estimate Q4
Mar 25 09:55 Michigan Sentiment - Final Mar 69.0 68.0 68.2
Market Outlook March 23, 2011
Yesterday buying volume fell and sellers tried to prevent too much of a decline to keep buyers on the hook. Never in Since WWII has the American economy been in so much trouble because of Obama who is bringing in socialism, racism, and abandoning housing at the same time. He does not care about housing because his people in ACORN are renters. So he is letting the American lower middle class go bankrupt in their houses instead of requiring the banks clean up the mess they started.
We expect a bounce to bring buyers to continue on and off so those funds can sell out at a profit. What we are seeing now is called a redistribution of stocks from the strongest to the weakest investors. We see the large investors still lightening up by the pick-up in volume on declines and then they sit on the side and watch the money dribble in and raise the price so they can sell another big block.
We think the next stock market support level will be down at Nov 4, 2010 levels about another 9% lower. But actually the real support starts about 16% lower than yesterdays close. All of this year's gains are already gone.
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
World Markets
International trade shows that the world economy has only revived about 25% not the 6% shown by the stock and commodities markets. Look at the last five years of world trade and the last year and you can see the world has not recovered the way Obama and GE/MSNBC/Pravda socialists are telling Americans. In fact world trade based on actual shipments is now one third what it was last September.
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Asian markets mixed last night. China up 1%, Hong Kong down 0.2%, India up 1.1%, and Japan down 1.7%.
European markets are up this morning up in a range of about 0.1% to 0.5% half way through their day.
US pre-market futures are flat at about 0.15% at 7:30 AM EST.
From The London Daily Telegraph Editor on Foreign Relations, Alex Singleton
Quote: "Let me be clear: I'm not normally in favor of boycotts, and I love the American people. I holiday in their country regularly, and hate the tedious snobby sneers against the United States. But the American people chose to elect an idiot who seems hell bent on insulting their allies, and something must be done to stop Obama's reckless foreign policy, before he does the dirty on his allies on every issue."
One of the most poorly kept secrets in Washington is President Obama's animosity toward Great Britain, presumably because of what he regards as its sins while ruling Kenya (1895-1963).
One of Barack Hussein Obama's first acts as president was to return to Britain a bust of Winston Churchill that had graced the Oval Office since 9/11. He followed this up by denying Prime Minister Gordon Brown, on his first state visit, the usual joint press conference with flags.
The president was "too tired" to grant the leader of America 's closest ally a proper welcome, his aides told British journalists.
Mr. Obama followed this up with cheesy gifts for Mr. Brown and the Queen. Columnist Ian Martin described his behaviour as "rudeness personified." There was more rudeness in store for Mr. Brown at the opening session of the United Nations in September. "The prime minister was forced to dash through the kitchens of the UN in New York to secure five minutes of face time with President Obama after five requests for a sit down meeting were rejected by the White House," said London Telegraph columnist David Hughes. Mr. Obama's "churlishness is unforgivable," Mr. Hughes said.
"It is truly shocking that Barack Obama has decided to disregard our shared history," wrote Telegraph columnist Toby Young. "Does Britain 's friendship really mean so little to him?" One could ask, does the friendship of anyone in the entire world mean anything to him?
"I recently asked several senior administration officials, separately, to name a foreign leader with whom Barack Obama has forged a strong personal relationship during his first year in office," wrote Jackson Diehl, deputy editorial page editor of the Washington Post, on Monday. "A lot of hemming and hawing ensued." One official named French President Nicolas Sarkozy, but his contempt for Mr. Obama is an open secret. Another named German Chancellor Angela Merkel. But, said Mr. Diehl, "Merkel too has been conspicuously cool toward Obama."
And the Chinese make little effort to disguise their contempt for him.
For the first time in a long time, the President of the United States is actually distrusted by its allies and not in the least feared by its adversaries. Nor is Mr. Obama now respected by the majority of Americans. Understandably focused on the dismal economy and Mr. Obama's relentless efforts to nationalize and socialize health care, Americans apparently have yet to notice his dismal performance and lack of respect in the world community. They soon will. --London Daily Telegraph editor -- Alex Singleton
Democrat-Socialist Michael Moore Rips President Obama
Moore suggested that Obama should return the Nobel Peace Prize he won in 2009. The Russians agree and have now asked that it be taken away from Obama.
It appears the U.K. was right on target when it raised rates and began to start cutting government spending. Inflation there accelerated faster than economists forecast in February to the fastest pace in more than two years. That is adding pressure on the Bank of England to again increase its benchmark interest rate.
GE/MSNBC/Pravda should be banned from the American nuclear and defense industries after their exhibition of incompetence and irresponsibility in Japan. How can a company run by people filled with hate for free enterprise be depended upon to defend and keep America safe?
World Markets this week:
The greatest nuclear risk of catastrophe in Japan is the storage of used fuel rods at nuclear facilities because environmentalists and bureaucrats will not allow a solution. In France they reprocess the spent rods and reduce the nuclear threat by 98%. The environmentalist object to that because the recycled fuel actually contains material that could be used for bombs but is not refined to that level of potency. Also the environmentalists do not approve of the final resting-place which is to put the waste back in the ground where it came from. That could be done if uranium mining companies were contracted to seal the waste in old exhausted uranium mines.
US Economy
Sales of existing homes fell slightly in February after three straight monthly increases. Homes sold at an annual rate of 4.88 million in February, down 9.6% from January and 2.8% lower than February 2010 sales. The report was worse than the 5.05 million economists had predicted. At the same time, the median home price declined 5.2% from last year t to $156,100 due to the high percentage of foreclosures and short sales.
FHFA Housing Price Index Jan dropped again -0.3% the same as the adjusted drop last month -0.3%. Had Obama not manipulated this statistic the drop this moth would be 0.5% because the actual original reported drop last month was only -0.1%.
Yesterday
MBA Mortgage Index 03/18 +2.7% vs. last week. -0.7
New Home Sales Feb 250K down 16% from last months 301K, the third monthly decline in a row saying Obama is still living in the Ozone and ignoring this middle class disaster because sensible people will never vote for Obama again…for sure.
Crude Inventories 03/19 2.131M increasing from 1.745M
Mar 24 08:30 Initial Claims 03/19
Mar 24 08:30 Continuing Claims 03/19
Mar 24 08:30 Durable Orders Feb
Mar 24 08:30 Durable Orders ex Transportation Feb
Mar 25 08:30 GDP - Third Estimate Q4
Mar 25 08:30 GDP Deflator - Third Estimate Q4
Mar 25 09:55 Michigan Sentiment - Final Mar 69.0 68.0 68.2
Market Outlook March 23, 2011
Yesterday buying volume fell and sellers tried to prevent too much of a decline to keep buyers on the hook. Never in Since WWII has the American economy been in so much trouble because of Obama who is bringing in socialism, racism, and abandoning housing at the same time. He does not care about housing because his people in ACORN are renters. So he is letting the American lower middle class go bankrupt in their houses instead of requiring the banks clean up the mess they started.
We expect a bounce to bring buyers to continue on and off so those funds can sell out at a profit. What we are seeing now is called a redistribution of stocks from the strongest to the weakest investors. We see the large investors still lightening up by the pick-up in volume on declines and then they sit on the side and watch the money dribble in and raise the price so they can sell another big block.
We think the next stock market support level will be down at Nov 4, 2010 levels about another 9% lower. But actually the real support starts about 16% lower than yesterdays close. All of this year's gains are already gone.
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
World Markets
International trade shows that the world economy has only revived about 25% not the 6% shown by the stock and commodities markets. Look at the last five years of world trade and the last year and you can see the world has not recovered the way Obama and GE/MSNBC/Pravda socialists are telling Americans. In fact world trade based on actual shipments is now one third what it was last September.
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Asian markets mixed last night. China up 1%, Hong Kong down 0.2%, India up 1.1%, and Japan down 1.7%.
European markets are up this morning up in a range of about 0.1% to 0.5% half way through their day.
US pre-market futures are flat at about 0.15% at 7:30 AM EST.
Tuesday, March 22, 2011
The stock markets are already forming new bubbles.
The stock markets are already forming a new bubble.
A bubble as an advance in an asset's price to levels that are "detached from fundamentals". Instead it is based on the rate of appreciation of the market and to the rate of appreciation in our PE estimate of value. When the market is up we gradually raise our fundamental PE expectations from 10 to about 30.
So a market bubble is comparable to feedback in a sound amplification system. The recording system picks up the noise from the loud speakers and amplifies it. That amplified noise is picked up and amplified over and over again. The market goes up for no fundamental reason but just because it is claimed an important index has gone up 7% each year for the last 50 years. The real gain is 0.5% but because they continually add winners to the index and quickly remove losers, the index is not an average index it is a winners index. You can see the effect by looking at Value Line where they track three indices of their own with all being different degrees of winner indices. That contributes half the inflation of the bubble. The second half of the inflation is that we continually degrade our investment criteria as the bubble expands by dropping the requirement by raising the acceptable PE and PEG ratios. An average PE of 30 is said to be fine during the bubble whereas when the market is deflated the sound PE is more like 10 or less.
So the market goes up because it went up before and that feeds back into the system and the feedback continues until in the case of sound feedback, the amplifier blows up.
Each year not only is the market more overpriced but the overpricing accelerates until the market destroys itself like feedback to a sound system. This always happens when stock advisors like GE/MSNBC/Pravda's Crammer point out that you had better get in the market soon because it gained 100% and you missed that. Well obviously the fundamental value of the stocks did not go up more than their income so about 20% of the two-year gain is based on fundamentals. So a bubble is forming. It is not an 80% bubble now though until it pops. It seems more like a 30% bubble now because we have already degraded our investment criteria by raising our PE fundamental expectations.
It appears the U.K. was on target when it raised rates and began to start cutting government spending. Inflation there accelerated faster than economists forecast in February to the fastest pace in more than two years. That is adding pressure on the Bank of England to again increase its benchmark interest rate.
GE/MSNBC/Pravda should be banned from the American nuclear and defense industries after their exhibition of incompetence and irresponsibility in Japan. How can a company run by people filled with hate for free enterprise be depended upon to defend and keep America safe?
World Markets this week:
The greatest nuclear risk of catastrophe in Japan is the storage of used fuel rods at nuclear facilities because environmentalists and bureaucrats will not allow a solution. If France they reprocess the spent rods and reduce the nuclear threat by 98%. The environmentalist object to that because the recycled fuel actually contains material that could be used for bombs but is not refined to that level of potency. Also the environmentalists do not approve of the final resting-place which is to put the waste back in the ground where it came from. That could be done if uranium mining companies were contracted to seal the waste in old exhausted uranium mines.
US Economy
Sales of existing homes fell slightly in February after three straight monthly increases. Homes sold at an annual rate of 4.88 million in February, down 9.6% from January and 2.8% lower than February 2010 sales. The report was worse than the 5.05 million economists had predicted. At the same time, the median home price declined 5.2% from last year t to $156,100 due to the high percentage of foreclosures and short sales.
Mar 22 10:00 FHFA Housing Price Index Jan
Mar 23 07:00 MBA Mortgage Index 03/18
Mar 23 10:00 New Home Sales Feb
Mar 23 10:30 Crude Inventories 03/19
Mar 24 08:30 Initial Claims 03/19
Mar 24 08:30 Continuing Claims 03/19
Mar 24 08:30 Durable Orders Feb
Mar 24 08:30 Durable Orders ex Transportation Feb
Mar 25 08:30 GDP - Third Estimate Q4
Mar 25 08:30 GDP Deflator - Third Estimate Q4
Mar 25 09:55 Michigan Sentiment - Final Mar 69.0 68.0 68.2
Market Outlook March 22, 2011
We expect a bounce to bring buyers in so those funds can sell out at a profit. What we are seeing now is called a redistribution of stocks from the strongest to the weakest investors. We see the large investors still lightening up by the pick-up in volume on declines and then they sit on the side and watch the money dribble in and raise the price so they can sell another big block.
We think the next stock market support level will be down at Nov 4, 2010 levels about another 9% lower. But actually the real support starts about 16% lower than yesterdays close. All of this year's gains are already gone.
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
World Markets
International trade shows that the world economy has only revived about 25% not the 6% shown by the stock and commodities markets. Look at the last five years of world trade and the last year and you can see the world has not recovered the way Obama and GE/MSNBC/Pravda socialists are telling Americans. In fact world trade based on actual shipments is now one third what it was last September.
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Asian markets up again last night. China up 0.3%, Hong Kong up 0.8%, India up 0.8%, and Japan up 4.4%.
European markets are down this morning up in a range of about 1% to -0.6% half way through their day.
US pre-market futures are flat at about 1% at 8:30 AM EST.
A bubble as an advance in an asset's price to levels that are "detached from fundamentals". Instead it is based on the rate of appreciation of the market and to the rate of appreciation in our PE estimate of value. When the market is up we gradually raise our fundamental PE expectations from 10 to about 30.
So a market bubble is comparable to feedback in a sound amplification system. The recording system picks up the noise from the loud speakers and amplifies it. That amplified noise is picked up and amplified over and over again. The market goes up for no fundamental reason but just because it is claimed an important index has gone up 7% each year for the last 50 years. The real gain is 0.5% but because they continually add winners to the index and quickly remove losers, the index is not an average index it is a winners index. You can see the effect by looking at Value Line where they track three indices of their own with all being different degrees of winner indices. That contributes half the inflation of the bubble. The second half of the inflation is that we continually degrade our investment criteria as the bubble expands by dropping the requirement by raising the acceptable PE and PEG ratios. An average PE of 30 is said to be fine during the bubble whereas when the market is deflated the sound PE is more like 10 or less.
So the market goes up because it went up before and that feeds back into the system and the feedback continues until in the case of sound feedback, the amplifier blows up.
Each year not only is the market more overpriced but the overpricing accelerates until the market destroys itself like feedback to a sound system. This always happens when stock advisors like GE/MSNBC/Pravda's Crammer point out that you had better get in the market soon because it gained 100% and you missed that. Well obviously the fundamental value of the stocks did not go up more than their income so about 20% of the two-year gain is based on fundamentals. So a bubble is forming. It is not an 80% bubble now though until it pops. It seems more like a 30% bubble now because we have already degraded our investment criteria by raising our PE fundamental expectations.
It appears the U.K. was on target when it raised rates and began to start cutting government spending. Inflation there accelerated faster than economists forecast in February to the fastest pace in more than two years. That is adding pressure on the Bank of England to again increase its benchmark interest rate.
GE/MSNBC/Pravda should be banned from the American nuclear and defense industries after their exhibition of incompetence and irresponsibility in Japan. How can a company run by people filled with hate for free enterprise be depended upon to defend and keep America safe?
World Markets this week:
The greatest nuclear risk of catastrophe in Japan is the storage of used fuel rods at nuclear facilities because environmentalists and bureaucrats will not allow a solution. If France they reprocess the spent rods and reduce the nuclear threat by 98%. The environmentalist object to that because the recycled fuel actually contains material that could be used for bombs but is not refined to that level of potency. Also the environmentalists do not approve of the final resting-place which is to put the waste back in the ground where it came from. That could be done if uranium mining companies were contracted to seal the waste in old exhausted uranium mines.
US Economy
Sales of existing homes fell slightly in February after three straight monthly increases. Homes sold at an annual rate of 4.88 million in February, down 9.6% from January and 2.8% lower than February 2010 sales. The report was worse than the 5.05 million economists had predicted. At the same time, the median home price declined 5.2% from last year t to $156,100 due to the high percentage of foreclosures and short sales.
Mar 22 10:00 FHFA Housing Price Index Jan
Mar 23 07:00 MBA Mortgage Index 03/18
Mar 23 10:00 New Home Sales Feb
Mar 23 10:30 Crude Inventories 03/19
Mar 24 08:30 Initial Claims 03/19
Mar 24 08:30 Continuing Claims 03/19
Mar 24 08:30 Durable Orders Feb
Mar 24 08:30 Durable Orders ex Transportation Feb
Mar 25 08:30 GDP - Third Estimate Q4
Mar 25 08:30 GDP Deflator - Third Estimate Q4
Mar 25 09:55 Michigan Sentiment - Final Mar 69.0 68.0 68.2
Market Outlook March 22, 2011
We expect a bounce to bring buyers in so those funds can sell out at a profit. What we are seeing now is called a redistribution of stocks from the strongest to the weakest investors. We see the large investors still lightening up by the pick-up in volume on declines and then they sit on the side and watch the money dribble in and raise the price so they can sell another big block.
We think the next stock market support level will be down at Nov 4, 2010 levels about another 9% lower. But actually the real support starts about 16% lower than yesterdays close. All of this year's gains are already gone.
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
World Markets
International trade shows that the world economy has only revived about 25% not the 6% shown by the stock and commodities markets. Look at the last five years of world trade and the last year and you can see the world has not recovered the way Obama and GE/MSNBC/Pravda socialists are telling Americans. In fact world trade based on actual shipments is now one third what it was last September.
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Asian markets up again last night. China up 0.3%, Hong Kong up 0.8%, India up 0.8%, and Japan up 4.4%.
European markets are down this morning up in a range of about 1% to -0.6% half way through their day.
US pre-market futures are flat at about 1% at 8:30 AM EST.
Monday, March 21, 2011
The court is forcing the Fed to reveal the names of banks that borrowed heavily from taxpayers.
The court is forcing the Fed to reveal the names of banks that borrowed heavily from taxpayers.
Justices today left intact a court order that gives the Fed five days to release the records sought by Bloomberg. The Clearing House Association LLC, a group of the nation’s largest commercial banks tried to stop the order. The order marks the first time a court has forced the Fed to reveal the names of banks that borrowed from its oldest lending program, the 98-year-old discount window.
GE/MSNBC/Pravda should be banned from the American nuclear and defense industries after their exhibition of incompetence and irresponsibility in Japan. How can a company run by people filled with hate for free enterprise be depended upon to defend and keep America safe?
World Markets this week:
A bounce is expected after the 7% drop.
US Economy
Mar 21 10:00 Existing Home Sales Feb
Sales of existing homes fell in February after three straight monthly increases. Homes sold at an annual rate of 4.88 million in February, down 9.6% from January and 2.8% lower than February 2010 sales. The report was worse than the 5.05 million economists had predicted. At the same time, the median home price declined 5.2% from last year t to $156,100.
Mar 22 10:00 FHFA Housing Price Index Jan
Mar 23 07:00 MBA Mortgage Index 03/18
Mar 23 10:00 New Home Sales Feb
Mar 23 10:30 Crude Inventories 03/19
Mar 24 08:30 Initial Claims 03/19
Mar 24 08:30 Continuing Claims 03/19
Mar 24 08:30 Durable Orders Feb
Mar 24 08:30 Durable Orders ex Transportation Feb
Mar 25 08:30 GDP - Third Estimate Q4
Mar 25 08:30 GDP Deflator - Third Estimate Q4
Mar 25 09:55 Michigan Sentiment - Final Mar 69.0 68.0 68.2
Market Outlook March 21, 2011
Our analysis indicates that all the smart money invested since the November high has been taken out and we are still some ways above that high.
We expect a bounce to bring buyers in so that funds can sell out at a profit. What we are seeing now is called a redistribution of stocks from the strongest to the weakest investors. We see the large investors still lightening up by the pick-up in volume on declines and then they sit on the side and watch the money dribble in and raise the price so they can sell another big block.
We think the next stock market support level will be down at Nov 4, 2010 levels about another 9% lower. But actually the real support starts about 16% lower than yesterdays close. All of this year's gains are already gone.
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
World Markets
The phenomena of this decline in all world equities and precious metals are because all markets are about 35% overvalued right now. International trade shows that the world economy has only revived about 25%. Look at the last five years of world trade and the last year and you can see the world has not recovered the way Obama and GE/MSNBC/Pravda socialists are telling Americans. In fact world trade based on actual shipments is now one third what it was last September.
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Asian markets up last night. China up 0.1%, Hong Kong up 1.7%, India down -0.2%, and Japan closed
European markets are up this morning up in a range of about 1% to 2% half way through their day.
US pre-market futures are up about 1% at 9:00 AM EST.
The court is forcing the Fed to reveal the names of banks that borrowed heavily from taxpayers.
Justices today left intact a court order that gives the Fed five days to release the records sought by Bloomberg. The Clearing House Association LLC, a group of the nation’s largest commercial banks tried to stop the order. The order marks the first time a court has forced the Fed to reveal the names of banks that borrowed from its oldest lending program, the 98-year-old discount window.
GE/MSNBC/Pravda should be banned from the American nuclear and defense industries after their exhibition of incompetence and irresponsibility in Japan. How can a company run by people filled with hate for free enterprise be depended upon to defend and keep America safe?
World Markets this week:
A bounce is expected after the 7% drop.
US Economy
Mar 21 10:00 Existing Home Sales Feb
Sales of existing homes fell in February after three straight monthly increases. Homes sold at an annual rate of 4.88 million in February, down 9.6% from January and 2.8% lower than February 2010 sales. The report was worse than the 5.05 million economists had predicted. At the same time, the median home price declined 5.2% from last year t to $156,100.
Mar 22 10:00 FHFA Housing Price Index Jan
Mar 23 07:00 MBA Mortgage Index 03/18
Mar 23 10:00 New Home Sales Feb
Mar 23 10:30 Crude Inventories 03/19
Mar 24 08:30 Initial Claims 03/19
Mar 24 08:30 Continuing Claims 03/19
Mar 24 08:30 Durable Orders Feb
Mar 24 08:30 Durable Orders ex Transportation Feb
Mar 25 08:30 GDP - Third Estimate Q4
Mar 25 08:30 GDP Deflator - Third Estimate Q4
Mar 25 09:55 Michigan Sentiment - Final Mar 69.0 68.0 68.2
Market Outlook March 21, 2011
Our analysis indicates that all the smart money invested since the November high has been taken out and we are still some ways above that high.
We expect a bounce to bring buyers in so that funds can sell out at a profit. What we are seeing now is called a redistribution of stocks from the strongest to the weakest investors. We see the large investors still lightening up by the pick-up in volume on declines and then they sit on the side and watch the money dribble in and raise the price so they can sell another big block.
We think the next stock market support level will be down at Nov 4, 2010 levels about another 9% lower. But actually the real support starts about 16% lower than yesterdays close. All of this year's gains are already gone.
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
World Markets
The phenomena of this decline in all world equities and precious metals are because all markets are about 35% overvalued right now. International trade shows that the world economy has only revived about 25%. Look at the last five years of world trade and the last year and you can see the world has not recovered the way Obama and GE/MSNBC/Pravda socialists are telling Americans. In fact world trade based on actual shipments is now one third what it was last September.
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Asian markets up last night. China up 0.1%, Hong Kong up 1.7%, India down -0.2%, and Japan closed
European markets are up this morning up in a range of about 1% to 2% half way through their day.
US pre-market futures are up about 1% at 9:00 AM EST.
Justices today left intact a court order that gives the Fed five days to release the records sought by Bloomberg. The Clearing House Association LLC, a group of the nation’s largest commercial banks tried to stop the order. The order marks the first time a court has forced the Fed to reveal the names of banks that borrowed from its oldest lending program, the 98-year-old discount window.
GE/MSNBC/Pravda should be banned from the American nuclear and defense industries after their exhibition of incompetence and irresponsibility in Japan. How can a company run by people filled with hate for free enterprise be depended upon to defend and keep America safe?
World Markets this week:
A bounce is expected after the 7% drop.
US Economy
Mar 21 10:00 Existing Home Sales Feb
Sales of existing homes fell in February after three straight monthly increases. Homes sold at an annual rate of 4.88 million in February, down 9.6% from January and 2.8% lower than February 2010 sales. The report was worse than the 5.05 million economists had predicted. At the same time, the median home price declined 5.2% from last year t to $156,100.
Mar 22 10:00 FHFA Housing Price Index Jan
Mar 23 07:00 MBA Mortgage Index 03/18
Mar 23 10:00 New Home Sales Feb
Mar 23 10:30 Crude Inventories 03/19
Mar 24 08:30 Initial Claims 03/19
Mar 24 08:30 Continuing Claims 03/19
Mar 24 08:30 Durable Orders Feb
Mar 24 08:30 Durable Orders ex Transportation Feb
Mar 25 08:30 GDP - Third Estimate Q4
Mar 25 08:30 GDP Deflator - Third Estimate Q4
Mar 25 09:55 Michigan Sentiment - Final Mar 69.0 68.0 68.2
Market Outlook March 21, 2011
Our analysis indicates that all the smart money invested since the November high has been taken out and we are still some ways above that high.
We expect a bounce to bring buyers in so that funds can sell out at a profit. What we are seeing now is called a redistribution of stocks from the strongest to the weakest investors. We see the large investors still lightening up by the pick-up in volume on declines and then they sit on the side and watch the money dribble in and raise the price so they can sell another big block.
We think the next stock market support level will be down at Nov 4, 2010 levels about another 9% lower. But actually the real support starts about 16% lower than yesterdays close. All of this year's gains are already gone.
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
World Markets
The phenomena of this decline in all world equities and precious metals are because all markets are about 35% overvalued right now. International trade shows that the world economy has only revived about 25%. Look at the last five years of world trade and the last year and you can see the world has not recovered the way Obama and GE/MSNBC/Pravda socialists are telling Americans. In fact world trade based on actual shipments is now one third what it was last September.
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Asian markets up last night. China up 0.1%, Hong Kong up 1.7%, India down -0.2%, and Japan closed
European markets are up this morning up in a range of about 1% to 2% half way through their day.
US pre-market futures are up about 1% at 9:00 AM EST.
The court is forcing the Fed to reveal the names of banks that borrowed heavily from taxpayers.
Justices today left intact a court order that gives the Fed five days to release the records sought by Bloomberg. The Clearing House Association LLC, a group of the nation’s largest commercial banks tried to stop the order. The order marks the first time a court has forced the Fed to reveal the names of banks that borrowed from its oldest lending program, the 98-year-old discount window.
GE/MSNBC/Pravda should be banned from the American nuclear and defense industries after their exhibition of incompetence and irresponsibility in Japan. How can a company run by people filled with hate for free enterprise be depended upon to defend and keep America safe?
World Markets this week:
A bounce is expected after the 7% drop.
US Economy
Mar 21 10:00 Existing Home Sales Feb
Sales of existing homes fell in February after three straight monthly increases. Homes sold at an annual rate of 4.88 million in February, down 9.6% from January and 2.8% lower than February 2010 sales. The report was worse than the 5.05 million economists had predicted. At the same time, the median home price declined 5.2% from last year t to $156,100.
Mar 22 10:00 FHFA Housing Price Index Jan
Mar 23 07:00 MBA Mortgage Index 03/18
Mar 23 10:00 New Home Sales Feb
Mar 23 10:30 Crude Inventories 03/19
Mar 24 08:30 Initial Claims 03/19
Mar 24 08:30 Continuing Claims 03/19
Mar 24 08:30 Durable Orders Feb
Mar 24 08:30 Durable Orders ex Transportation Feb
Mar 25 08:30 GDP - Third Estimate Q4
Mar 25 08:30 GDP Deflator - Third Estimate Q4
Mar 25 09:55 Michigan Sentiment - Final Mar 69.0 68.0 68.2
Market Outlook March 21, 2011
Our analysis indicates that all the smart money invested since the November high has been taken out and we are still some ways above that high.
We expect a bounce to bring buyers in so that funds can sell out at a profit. What we are seeing now is called a redistribution of stocks from the strongest to the weakest investors. We see the large investors still lightening up by the pick-up in volume on declines and then they sit on the side and watch the money dribble in and raise the price so they can sell another big block.
We think the next stock market support level will be down at Nov 4, 2010 levels about another 9% lower. But actually the real support starts about 16% lower than yesterdays close. All of this year's gains are already gone.
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
World Markets
The phenomena of this decline in all world equities and precious metals are because all markets are about 35% overvalued right now. International trade shows that the world economy has only revived about 25%. Look at the last five years of world trade and the last year and you can see the world has not recovered the way Obama and GE/MSNBC/Pravda socialists are telling Americans. In fact world trade based on actual shipments is now one third what it was last September.
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Asian markets up last night. China up 0.1%, Hong Kong up 1.7%, India down -0.2%, and Japan closed
European markets are up this morning up in a range of about 1% to 2% half way through their day.
US pre-market futures are up about 1% at 9:00 AM EST.
Friday, March 18, 2011
Japanese engineers are compelled to fake safety reports while proletariat laborers can shut down production lines for esthetic defects.
Japanese engineers are compelled to fake safety reports while proletariat laborers can shut down production lines for esthetic defects. Leftist thinking is the root cause of the problem. In Russia when they collapsed we discovered that the majority of the engineers in the aircraft industry were women because the men preferred to be proletariat laborers because laborers in aircraft factories were paid more than engineers. We are seeing the leftist unions doing the same thing now here in America. City bus drivers get paid more than engineers and retire early with 90% of their pay.
Will Gadaffi continue to make American energy policy or will someone in America show some leadership?
Inept American energy policy (a vacuum of intelligent thought) is what has abruptly put an end to economic recovery and jobs. It looks like France's President Sarcozy and the Arab League will step in. Maybe Italy's Silvio Berlusconi can help Obama make a few decisions. Sooner or later Obama has to decide if he wants to be thrown out because he is an incompetent leftist or because he is just incompetent.
George Soros may have caused the Yen to rise because it has his fingerprints all over it. First it is a stupid move and it was done while America was sleeping. Initially stupid novice currency traders who drive city busses during the day got in so the Yen picked up strength but now the Yen currency manipulation has been foiled. The strategy George Soros uses is to destabilize in one direction that makes very little sense so he attracts the fools. Then he goes all the way in the opposite direction to fleece the fools. Well this time he must be losing money because today the yen is being stabilized by the G7. Repatriation of the yen does not make sense for Japan because that only destroys their balance of trade just when they are facing a shock. Perhaps Soros intended to try to destroy Japan's economy? Perhaps he was testing his organization to eventually take out the American economy. Why did he support leftist fools in America's last few elections if he does not want to undermine America? Soros helped the leftists in Japan too in their last election. Perhaps Soros is not a leftist after all. Perhaps George Soros only helps elect ignorant leftist elitists to destabilize economies.
GE/MSNBC/Pravda should be banned from the American nuclear and defense industries after their exhibition of incompetence and irresponsibility in Japan. How can a company run by people filled with hate for free enterprise be depended upon to defend and keep America safe?
World Markets this week:
I can confirm that the following report is true of an endemic problem in Japan's culture. In the 1980s I witnessed the same problem with falsified test results so that they could keep aircraft flying until safety was an issue. We proved it to them and then they corrected that problem. The problem with their culture is that engineers in Japan are under such pressure to keep product lines running with serious safety issues while the common laborers are encouraged to shut production down when they see esthetic defects. The unfolding disaster at the Fukushima nuclear plant follows decades of falsified safety reports, fatal accidents and underestimated earthquake risk in Japan’s atomic power industry. The destruction caused by last week’s 9.0 earthquake and tsunami comes less than four years after a 6.8 quake shut the world’s biggest atomic plant, also run by Tokyo Electric Power Co. In 2002 and 2007, revelations the utility had faked repair records forced the resignation of the company’s chairman and president, and a three-week shutdown of all 17 of its reactors. With almost no oil or gas reserves of its own, nuclear power has been a national priority for Japan since the end of World War II. Japan has 54 operating nuclear reactors -- more than any other country except the U.S. and France pitting economic demands against safety concerns in the world’s most earthquake-prone country. Nuclear engineers and academics who have worked in Japan’s atomic power industry spoke in interviews of a history of accidents, faked reports and inaction by a succession of Liberal Democratic Party governments that ran Japan for nearly all of the postwar period. Katsuhiko Ishibashi, a seismology professor at Kobe University, resigned in 2006 from a government panel on reactor safety, saying the review process was rigged and “unscientific.”
China is still a bright spot. Their leaders are again openly talking about political reforms. They should try freedom on the local level first. They should have local communist leaders divide into two groups and create two political parties in each town. One party should have the goal of personal freedoms for industry and especially individuals. The other party could be a milder form of communism such as socialism. Hence both parties would move in the direction of political freedom. If they sponsor these two parties across all of China when it would be stable and less likely to split into many factions. They could even model the two parties on the two major parties in Taiwan. Then initially the Chinese government would change but most of the first new leaders would be the same. They would be competing for leadership and gradually new leaders would come forward. Japan, Germany, Taiwan, and much of the world went through that process when WWII ended.
US Economy
Home construction in US slumps, and producer prices rise and become a recovery hurdle
http://www.youtube.com/watch?v=ELDHaeEsNF0
Export Prices ex-ag. Feb rose 0.9% the same as last month 0.9%, or a 10% inflation rate
Import Prices ex-oil Feb 0.3% not as bad as last months 0.8%
Net long-term TIC Flows Jan $51.5 poorer than last month's $65.9B
NAHB Housing Market Index Mar 17 hardly improving from last month's 16
FOMC Rate Decision Mar 0.25% not changed and not helping. Raising the rate would stimulate investing in jobs instead of keeping money under corporate mattresses.
MBA Mortgage Index 03/11 -0.7 falling dramatically from +15.5%
Housing Starts Feb 479K down substantially from 596K
Building Permits Feb 517K down substantially from 562K
Producer Price Index Feb 1.6% up sharply from 0.8%, or 15% energy inflation
Core PPI Feb 0.2% down from 0.5% exactly what the FED wants.
Current Account Balance Q4 -$113.3B deficit contracted slightly from -$123.2B
Crude Inventories 03/12 1.745M down slightly from 2.52M
Yesterday
Initial Claims 03/12 385K still up from two weeks ago but a slight decline from last week's 397K
Continuing Claims 03/05 3706K drops as 99 week of unemployment runs out to 3771K
CPI Feb 0.5% got worse and is twice the FED goal. Was 0.4% last week.
Core CPI Feb 0.2% constant and acceptable 0.2%
Industrial Production Feb -0.1% Dropped again this month -0.1% Not good
Capacity Utilization Feb 76.3% still many idle factories 76.1%
Leading Indicators Feb 0.8% up due to stock market 0.1% Now stocks are declining and they are a leading indicator too.
Philadelphia Fed Mar 43.4 Philly is reviving from 35.9
On balance the economy is again flat. Housing is the biggest Obama disaster area and will hurt the economy far more than unemployment. And it won't be any better next year if Obama doesn't wake up.
Market Outlook March 18, 2011
The market rose yesterday as volume fell 25% from when share prices were dropping. Finally a bounce occurred. We are seeing funds unloading stocks on people who listen to GE/MSNBC/Pravda advice.
We think the next stock market support level will be down at Nov 4, 2010 levels about another 9% lower. But actually the real support starts about 16% lower than yesterdays close. All of this year's gains are already gone.
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
World Markets
The phenomena of this decline in all world equities and precious metals are because all markets are about 35% overvalued right now. International trade shows that the world economy has only revived about 25%. Look at the last five years of world trade and the last year and you can see the world has not recovered the way Obama and GE/MSNBC/Pravda socialists are telling Americans. In fact world trade based on actual shipments is now one third what it was last September.
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
What we are seeing now is called a redistribution of stocks from the strongest and smartest investors to the greediest and most foolish investors. This happens at every market high and the symptoms are that the smart investors sell early and sharply but then stop abruptly so that the foolish will think there are bargains and drive the market back up reducing the daily loss. The smart investors do that day after day because the sellers do not want to drive down the prices until all the greedy foolish investors have exhausted all their cash and margin.
At that point the foolish are vulnerable because they are on or close to their margin limits and have borrowed half of what they have invested. At this point the smart investors know the game is over and they sell out 90% and the market plummets forcing all the foolish investors who are on margin virtually out of the market forever. They are burned so badly that most cannot even recall how bad their experience was because it is blocked out within their subconscious and they will never invest again until about twenty years later when they have totally forgotten. Then these same fools will be attracted back into the market by their ignorance and greed and they will buy gold and other "secure safe-havens" at their peak again and then lose 75% of the retirement savings. When Glen Beck has paying advertisers hawking Gold on the radio that is a sure sign the common fools are getting on board. Gold was over $800/oz thirty years ago and then fell to almost $200/oz where the radio show buyers were down 75%. Do not be a fool. $1400 for gold is no time to buy gold. It is up 600% from the lows in the 90's. 600% is already an adequate run-up for gold. It has now become "fools gold" for the greedy. Gold and silver teeth are no longer in style. You can tell who has bad teeth today when you see gold and silver. Good teeth are generally white. Only some of the people in India still eat gold and silver. They think it makes them smarter and better than the untouchables. But even that custom of the elitists is slowly going out of style. In 2006 we used a 101 blog to warn people that that the housing bubble was about to burst.
Asian markets bounced up last night. China up 0.4%, Hong Kong up 0.1%, India down -1.5 %, and Japan up 2.7%,
European markets are leveling off this morning up in a range of about 0.3% to 1.5% half way through their day.
US pre-market futures are up about 0.7% at 9:00 AM EST.
The rallies are the opportunities for the wise to sell to the foolish. When we run out of foolish buying, the market drops seriously as many people lose everything and their accounts are closed. Free markets punish the foolish. So be prepared to buy when the panic subsides.
Will Gadaffi continue to make American energy policy or will someone in America show some leadership?
Inept American energy policy (a vacuum of intelligent thought) is what has abruptly put an end to economic recovery and jobs. It looks like France's President Sarcozy and the Arab League will step in. Maybe Italy's Silvio Berlusconi can help Obama make a few decisions. Sooner or later Obama has to decide if he wants to be thrown out because he is an incompetent leftist or because he is just incompetent.
George Soros may have caused the Yen to rise because it has his fingerprints all over it. First it is a stupid move and it was done while America was sleeping. Initially stupid novice currency traders who drive city busses during the day got in so the Yen picked up strength but now the Yen currency manipulation has been foiled. The strategy George Soros uses is to destabilize in one direction that makes very little sense so he attracts the fools. Then he goes all the way in the opposite direction to fleece the fools. Well this time he must be losing money because today the yen is being stabilized by the G7. Repatriation of the yen does not make sense for Japan because that only destroys their balance of trade just when they are facing a shock. Perhaps Soros intended to try to destroy Japan's economy? Perhaps he was testing his organization to eventually take out the American economy. Why did he support leftist fools in America's last few elections if he does not want to undermine America? Soros helped the leftists in Japan too in their last election. Perhaps Soros is not a leftist after all. Perhaps George Soros only helps elect ignorant leftist elitists to destabilize economies.
GE/MSNBC/Pravda should be banned from the American nuclear and defense industries after their exhibition of incompetence and irresponsibility in Japan. How can a company run by people filled with hate for free enterprise be depended upon to defend and keep America safe?
World Markets this week:
I can confirm that the following report is true of an endemic problem in Japan's culture. In the 1980s I witnessed the same problem with falsified test results so that they could keep aircraft flying until safety was an issue. We proved it to them and then they corrected that problem. The problem with their culture is that engineers in Japan are under such pressure to keep product lines running with serious safety issues while the common laborers are encouraged to shut production down when they see esthetic defects. The unfolding disaster at the Fukushima nuclear plant follows decades of falsified safety reports, fatal accidents and underestimated earthquake risk in Japan’s atomic power industry. The destruction caused by last week’s 9.0 earthquake and tsunami comes less than four years after a 6.8 quake shut the world’s biggest atomic plant, also run by Tokyo Electric Power Co. In 2002 and 2007, revelations the utility had faked repair records forced the resignation of the company’s chairman and president, and a three-week shutdown of all 17 of its reactors. With almost no oil or gas reserves of its own, nuclear power has been a national priority for Japan since the end of World War II. Japan has 54 operating nuclear reactors -- more than any other country except the U.S. and France pitting economic demands against safety concerns in the world’s most earthquake-prone country. Nuclear engineers and academics who have worked in Japan’s atomic power industry spoke in interviews of a history of accidents, faked reports and inaction by a succession of Liberal Democratic Party governments that ran Japan for nearly all of the postwar period. Katsuhiko Ishibashi, a seismology professor at Kobe University, resigned in 2006 from a government panel on reactor safety, saying the review process was rigged and “unscientific.”
China is still a bright spot. Their leaders are again openly talking about political reforms. They should try freedom on the local level first. They should have local communist leaders divide into two groups and create two political parties in each town. One party should have the goal of personal freedoms for industry and especially individuals. The other party could be a milder form of communism such as socialism. Hence both parties would move in the direction of political freedom. If they sponsor these two parties across all of China when it would be stable and less likely to split into many factions. They could even model the two parties on the two major parties in Taiwan. Then initially the Chinese government would change but most of the first new leaders would be the same. They would be competing for leadership and gradually new leaders would come forward. Japan, Germany, Taiwan, and much of the world went through that process when WWII ended.
US Economy
Home construction in US slumps, and producer prices rise and become a recovery hurdle
http://www.youtube.com/watch?v=ELDHaeEsNF0
Export Prices ex-ag. Feb rose 0.9% the same as last month 0.9%, or a 10% inflation rate
Import Prices ex-oil Feb 0.3% not as bad as last months 0.8%
Net long-term TIC Flows Jan $51.5 poorer than last month's $65.9B
NAHB Housing Market Index Mar 17 hardly improving from last month's 16
FOMC Rate Decision Mar 0.25% not changed and not helping. Raising the rate would stimulate investing in jobs instead of keeping money under corporate mattresses.
MBA Mortgage Index 03/11 -0.7 falling dramatically from +15.5%
Housing Starts Feb 479K down substantially from 596K
Building Permits Feb 517K down substantially from 562K
Producer Price Index Feb 1.6% up sharply from 0.8%, or 15% energy inflation
Core PPI Feb 0.2% down from 0.5% exactly what the FED wants.
Current Account Balance Q4 -$113.3B deficit contracted slightly from -$123.2B
Crude Inventories 03/12 1.745M down slightly from 2.52M
Yesterday
Initial Claims 03/12 385K still up from two weeks ago but a slight decline from last week's 397K
Continuing Claims 03/05 3706K drops as 99 week of unemployment runs out to 3771K
CPI Feb 0.5% got worse and is twice the FED goal. Was 0.4% last week.
Core CPI Feb 0.2% constant and acceptable 0.2%
Industrial Production Feb -0.1% Dropped again this month -0.1% Not good
Capacity Utilization Feb 76.3% still many idle factories 76.1%
Leading Indicators Feb 0.8% up due to stock market 0.1% Now stocks are declining and they are a leading indicator too.
Philadelphia Fed Mar 43.4 Philly is reviving from 35.9
On balance the economy is again flat. Housing is the biggest Obama disaster area and will hurt the economy far more than unemployment. And it won't be any better next year if Obama doesn't wake up.
Market Outlook March 18, 2011
The market rose yesterday as volume fell 25% from when share prices were dropping. Finally a bounce occurred. We are seeing funds unloading stocks on people who listen to GE/MSNBC/Pravda advice.
We think the next stock market support level will be down at Nov 4, 2010 levels about another 9% lower. But actually the real support starts about 16% lower than yesterdays close. All of this year's gains are already gone.
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
World Markets
The phenomena of this decline in all world equities and precious metals are because all markets are about 35% overvalued right now. International trade shows that the world economy has only revived about 25%. Look at the last five years of world trade and the last year and you can see the world has not recovered the way Obama and GE/MSNBC/Pravda socialists are telling Americans. In fact world trade based on actual shipments is now one third what it was last September.
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
What we are seeing now is called a redistribution of stocks from the strongest and smartest investors to the greediest and most foolish investors. This happens at every market high and the symptoms are that the smart investors sell early and sharply but then stop abruptly so that the foolish will think there are bargains and drive the market back up reducing the daily loss. The smart investors do that day after day because the sellers do not want to drive down the prices until all the greedy foolish investors have exhausted all their cash and margin.
At that point the foolish are vulnerable because they are on or close to their margin limits and have borrowed half of what they have invested. At this point the smart investors know the game is over and they sell out 90% and the market plummets forcing all the foolish investors who are on margin virtually out of the market forever. They are burned so badly that most cannot even recall how bad their experience was because it is blocked out within their subconscious and they will never invest again until about twenty years later when they have totally forgotten. Then these same fools will be attracted back into the market by their ignorance and greed and they will buy gold and other "secure safe-havens" at their peak again and then lose 75% of the retirement savings. When Glen Beck has paying advertisers hawking Gold on the radio that is a sure sign the common fools are getting on board. Gold was over $800/oz thirty years ago and then fell to almost $200/oz where the radio show buyers were down 75%. Do not be a fool. $1400 for gold is no time to buy gold. It is up 600% from the lows in the 90's. 600% is already an adequate run-up for gold. It has now become "fools gold" for the greedy. Gold and silver teeth are no longer in style. You can tell who has bad teeth today when you see gold and silver. Good teeth are generally white. Only some of the people in India still eat gold and silver. They think it makes them smarter and better than the untouchables. But even that custom of the elitists is slowly going out of style. In 2006 we used a 101 blog to warn people that that the housing bubble was about to burst.
Asian markets bounced up last night. China up 0.4%, Hong Kong up 0.1%, India down -1.5 %, and Japan up 2.7%,
European markets are leveling off this morning up in a range of about 0.3% to 1.5% half way through their day.
US pre-market futures are up about 0.7% at 9:00 AM EST.
The rallies are the opportunities for the wise to sell to the foolish. When we run out of foolish buying, the market drops seriously as many people lose everything and their accounts are closed. Free markets punish the foolish. So be prepared to buy when the panic subsides.
Thursday, March 17, 2011
GE/MSNBC/Pravda is nauseating to listen to. Cash could be king again! Walking dead men.
GE/MSNBC/Pravda is nauseating to listen to. Cash could be king again! Walking dead men.
GE does not take responsibility for the fact that they built nuclear facilities and then fired or let go all the people they once had who were competent and responsible for nuclear safety. The socialist GE/Pravda idiots now say this is a lesson learned for them! They obviously are brainless if they think such socialist rhetoric is not going to bite them good. They built a facility on a tectonic fault line next to the ocean and now their current socialist employees say they did not consider that an earthquake could knock out their cooling system and did not know that Japan has Tsunamis that strike that coastline and could actually kill all the facility employees. Most of the employees at that GE facility are probably already walking dead men. All the people at the facility could have been killed in the first hour and they had no automatic safe rapid shutdown capability for any GE nuclear facility. A nuclear fire is so explosively hot that even steel, sand, and dirt are vaporized and carried high into the atmosphere where it cools and falls back to the earth where any particles that get into the skin, the lungs or the blood can cause cancer. The land that becomes contaminated may be unusable for 1000 years or more unless the radioactive deposits are excavated and buried somewhere. This is a disaster anyone but an incompetently run socialist organization would find unforgivable. If a capitalist firm had done what GE did, all the socialists would be outside chanting and waving red flags right now. That is how we know GE should be banned from American defense industry contracts. They are as dangerous to America as they would be with Castro or Ortega as GE's chief executive.
It is evident that socialist GE did not train the Japanese properly because the green people at GE hate the nuclear industry and they hate American free enterprise. And now the GE idiots are telling us the Japanese disaster is going to be a boon to the world economy. That is right, GE/MSNBC/Pravda says it is profitable to destroy Japan's economy because then they will have to rebuild and that will help the USA and other countries that supply Japan. But who in the world would be insane enough to buy anything from a country where socialist corporations such as GE that hate everything America stands for are building things that self-destruct. GE should be put on a list of socialist run companies that cannot be trusted for safety or security. They should not be allowed to provide anything for the American defense or infrastructure.
World Markets this week:
Asian stocks fell, leading a regional benchmark index lower for the third time this week, on renewed concern that a worsening nuclear crisis in Japan may cripple the world’s third-largest economy.
Oil fell from a two-day high in New York as concern that damage from Japan’s earthquake will curb demand for crude outweighed speculation unrest in the Middle East may lead to supply disruptions. A silver and gold plunge as the specter of the worldwide economic relapse worries investors who now seek a haven in liquid currencies. Depressions are bad for precious metals and this is no time to have them. Australia’s currency and stocks sank on concern an earthquake-triggered nuclear catastrophe in Japan, its second-largest trading partner, will slow the economy and prompt an interest-rate cut.
China is still a bright spot. Their leaders are again openly talking about political reforms.
US Economy
Home construction in US slumps, and producer prices rise and become a recovery hurdle
http://www.youtube.com/watch?v=ELDHaeEsNF0
Empire Manufacturing Mar 17.5 improved from 15.43
Export Prices ex-ag. Feb rose 0.9% the same as last month 0.9%, or a 10% inflation rate
Import Prices ex-oil Feb 0.3% not as bad as last months 0.8%
Net long-term TIC Flows Jan $51.5 poorer than last month's $65.9B
NAHB Housing Market Index Mar 17 hardly improving from last month's 16
FOMC Rate Decision Mar 0.25% not changed and not helping. Raising the rate would stimulate investing in jobs instead of keeping money under corporate mattresses.
Yesterday:
MBA Mortgage Index 03/11 -0.7 falling dramatically from +15.5%
Housing Starts Feb 479K down substantially from 596K
Building Permits Feb 517K down substantially from 562K
Producer Price Index Feb 1.6% up sharply from 0.8%, or 15% energy inflation
Core PPI Feb 0.2% down from 0.5% exactly what the FED wants.
Current Account Balance Q4 -$113.3B deficit contracted slightly from -$123.2B
Crude Inventories 03/12 1.745M down slightly from 2.52M
This week:
Mar 17 8:30 AM Initial Claims 03/12
Mar 17 8:30 AM Continuing Claims 03/05
Mar 17 8:30 AM CPI Feb
Mar 17 8:30 AM Core CPI Feb
Mar 17 9:15 AM Industrial Production Feb
Mar 17 9:15 AM Capacity Utilization Feb
Mar 17 10:00 AM Leading Indicators Feb
Mar 17 10:00 AM Philadelphia Fed Mar
Market Outlook March 17, 2011
Housing is the biggest Obama disaster area and will hurt the economy far more than unemployment.
The market selloff accelerated as volume surged 33% from when share prices were rising. Still no bounce yet as the plunge continues in all securities markets. We are seeing funds unloading stocks on people who listen to GE/MSNBC/Pravda advice.
We think the next stock market support level will be down at Nov 4, 2010 levels about another 8% lower. But actually the real support starts about 15% lower than yesterdays close. All of this year's gains are now gone.
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
World Markets
The phenomena of this decline in all world equities and precious metals is because all markets are about 35% overvalued right now because all have more than doubled since their lows and based on the low level of international trade as seen by the dry shipments… the world economy's have only revived about 25%. You might then think the drop should really be about 70% if it is up 100% and the economy is only up 25%. But no… the initial low in equities was also too low compared to the economic impact of the financial crisis. It was an overshoot in a downward correction. Look at the last five years of world trade and the last year and you can see the world has not recovered the way Obama and GE/MSNBC/Pravda socialists are telling Americans.
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
So what we are seeing now is called a redistribution of stocks from the strongest and smartest investors to the greediest and most foolish investors. This happens at every market high and the symptoms are that the smart investors sell early and sharply but then stop abruptly so that the foolish will think there are bargains and drive the market back up reducing the daily loss. The smart investors sell day after day in that manner until all the greedy foolish investors have exhausted all their cash and margin. At that point the foolish are vulnerable because they are on or close to their margin limits and have borrowed half of what they have invested. At this point the smart investors know the game is over and they sell out 90% and the market plummets forcing all the foolish investors who are on margin virtually out of the market forever. They are burned so badly that most cannot even recall how bad their experience was because it is blocked out within their subconscious and they will never invest again until in twenty years later when they have totally forgotten. Then these same fools will be attracted back into the market by their ignorance and greed and they will buy gold and other "secure safe-havens" at their peak again and then lose 75% of the retirement savings.
The world is now headed toward a fiscal crisis where cash will be king. It will be much worse than the secular financial crisis triggered by Dodd and Barney Frank by them giving away America's wealth in the form of thousands of beautiful houses to people who were on welfare or close to it. We even saw California even give a welfare woman who had two children… free fertility treatments and she had six more children for a total of eight Moslem welfare children on California welfare. She collects $1500/ month for each one for about $150,000 income doing nothing but raising eight Moslems in California. That is how foolish California's socialist politicians are and why we need to keep America's wealth out of the hands of government officials who are often the unemployable dregs of the private economy. Government jobs are designed for people who are unemployable in the private sector. More QE2s will only inflate the fiscal crisis and Japan is going to do QE2s in a big way. When it occurs, gold and silver will be virtually worthless and shunned by governments. Much, perhaps 95% of the world credit is just invisible plastic credit… not cash. When credit crashes during the coming fiscal crisis 95% of the purchasing power will then disappear overnight because we printed so little of it since WWII. Cash will then be king!
Cash will be king until enough is printed because no one will accept your credit card when the credit crash occurs. All the plastic credit will be worthless. Banks could take weeks to clear checks because people will have so little cash!
Asian markets were down again last night. China down -1.1%, Hong Kong down -1.8%, India down -1.1 %, and Japan down -1.5%,
European markets are up this morning in a range of about 1% to 1.9% half way through their day.
US pre-market futures are up 0.9% to 1.2% at 9:00 AM EST.
The rallies are the opportunities for the wise to sell to the foolish. When we run out of fools, the market drops seriously as many people lose everything and their accounts are closed. Free markets punish the foolish. So be prepared to buy when the panic subsides.
GE does not take responsibility for the fact that they built nuclear facilities and then fired or let go all the people they once had who were competent and responsible for nuclear safety. The socialist GE/Pravda idiots now say this is a lesson learned for them! They obviously are brainless if they think such socialist rhetoric is not going to bite them good. They built a facility on a tectonic fault line next to the ocean and now their current socialist employees say they did not consider that an earthquake could knock out their cooling system and did not know that Japan has Tsunamis that strike that coastline and could actually kill all the facility employees. Most of the employees at that GE facility are probably already walking dead men. All the people at the facility could have been killed in the first hour and they had no automatic safe rapid shutdown capability for any GE nuclear facility. A nuclear fire is so explosively hot that even steel, sand, and dirt are vaporized and carried high into the atmosphere where it cools and falls back to the earth where any particles that get into the skin, the lungs or the blood can cause cancer. The land that becomes contaminated may be unusable for 1000 years or more unless the radioactive deposits are excavated and buried somewhere. This is a disaster anyone but an incompetently run socialist organization would find unforgivable. If a capitalist firm had done what GE did, all the socialists would be outside chanting and waving red flags right now. That is how we know GE should be banned from American defense industry contracts. They are as dangerous to America as they would be with Castro or Ortega as GE's chief executive.
It is evident that socialist GE did not train the Japanese properly because the green people at GE hate the nuclear industry and they hate American free enterprise. And now the GE idiots are telling us the Japanese disaster is going to be a boon to the world economy. That is right, GE/MSNBC/Pravda says it is profitable to destroy Japan's economy because then they will have to rebuild and that will help the USA and other countries that supply Japan. But who in the world would be insane enough to buy anything from a country where socialist corporations such as GE that hate everything America stands for are building things that self-destruct. GE should be put on a list of socialist run companies that cannot be trusted for safety or security. They should not be allowed to provide anything for the American defense or infrastructure.
World Markets this week:
Asian stocks fell, leading a regional benchmark index lower for the third time this week, on renewed concern that a worsening nuclear crisis in Japan may cripple the world’s third-largest economy.
Oil fell from a two-day high in New York as concern that damage from Japan’s earthquake will curb demand for crude outweighed speculation unrest in the Middle East may lead to supply disruptions. A silver and gold plunge as the specter of the worldwide economic relapse worries investors who now seek a haven in liquid currencies. Depressions are bad for precious metals and this is no time to have them. Australia’s currency and stocks sank on concern an earthquake-triggered nuclear catastrophe in Japan, its second-largest trading partner, will slow the economy and prompt an interest-rate cut.
China is still a bright spot. Their leaders are again openly talking about political reforms.
US Economy
Home construction in US slumps, and producer prices rise and become a recovery hurdle
http://www.youtube.com/watch?v=ELDHaeEsNF0
Empire Manufacturing Mar 17.5 improved from 15.43
Export Prices ex-ag. Feb rose 0.9% the same as last month 0.9%, or a 10% inflation rate
Import Prices ex-oil Feb 0.3% not as bad as last months 0.8%
Net long-term TIC Flows Jan $51.5 poorer than last month's $65.9B
NAHB Housing Market Index Mar 17 hardly improving from last month's 16
FOMC Rate Decision Mar 0.25% not changed and not helping. Raising the rate would stimulate investing in jobs instead of keeping money under corporate mattresses.
Yesterday:
MBA Mortgage Index 03/11 -0.7 falling dramatically from +15.5%
Housing Starts Feb 479K down substantially from 596K
Building Permits Feb 517K down substantially from 562K
Producer Price Index Feb 1.6% up sharply from 0.8%, or 15% energy inflation
Core PPI Feb 0.2% down from 0.5% exactly what the FED wants.
Current Account Balance Q4 -$113.3B deficit contracted slightly from -$123.2B
Crude Inventories 03/12 1.745M down slightly from 2.52M
This week:
Mar 17 8:30 AM Initial Claims 03/12
Mar 17 8:30 AM Continuing Claims 03/05
Mar 17 8:30 AM CPI Feb
Mar 17 8:30 AM Core CPI Feb
Mar 17 9:15 AM Industrial Production Feb
Mar 17 9:15 AM Capacity Utilization Feb
Mar 17 10:00 AM Leading Indicators Feb
Mar 17 10:00 AM Philadelphia Fed Mar
Market Outlook March 17, 2011
Housing is the biggest Obama disaster area and will hurt the economy far more than unemployment.
The market selloff accelerated as volume surged 33% from when share prices were rising. Still no bounce yet as the plunge continues in all securities markets. We are seeing funds unloading stocks on people who listen to GE/MSNBC/Pravda advice.
We think the next stock market support level will be down at Nov 4, 2010 levels about another 8% lower. But actually the real support starts about 15% lower than yesterdays close. All of this year's gains are now gone.
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
World Markets
The phenomena of this decline in all world equities and precious metals is because all markets are about 35% overvalued right now because all have more than doubled since their lows and based on the low level of international trade as seen by the dry shipments… the world economy's have only revived about 25%. You might then think the drop should really be about 70% if it is up 100% and the economy is only up 25%. But no… the initial low in equities was also too low compared to the economic impact of the financial crisis. It was an overshoot in a downward correction. Look at the last five years of world trade and the last year and you can see the world has not recovered the way Obama and GE/MSNBC/Pravda socialists are telling Americans.
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
So what we are seeing now is called a redistribution of stocks from the strongest and smartest investors to the greediest and most foolish investors. This happens at every market high and the symptoms are that the smart investors sell early and sharply but then stop abruptly so that the foolish will think there are bargains and drive the market back up reducing the daily loss. The smart investors sell day after day in that manner until all the greedy foolish investors have exhausted all their cash and margin. At that point the foolish are vulnerable because they are on or close to their margin limits and have borrowed half of what they have invested. At this point the smart investors know the game is over and they sell out 90% and the market plummets forcing all the foolish investors who are on margin virtually out of the market forever. They are burned so badly that most cannot even recall how bad their experience was because it is blocked out within their subconscious and they will never invest again until in twenty years later when they have totally forgotten. Then these same fools will be attracted back into the market by their ignorance and greed and they will buy gold and other "secure safe-havens" at their peak again and then lose 75% of the retirement savings.
The world is now headed toward a fiscal crisis where cash will be king. It will be much worse than the secular financial crisis triggered by Dodd and Barney Frank by them giving away America's wealth in the form of thousands of beautiful houses to people who were on welfare or close to it. We even saw California even give a welfare woman who had two children… free fertility treatments and she had six more children for a total of eight Moslem welfare children on California welfare. She collects $1500/ month for each one for about $150,000 income doing nothing but raising eight Moslems in California. That is how foolish California's socialist politicians are and why we need to keep America's wealth out of the hands of government officials who are often the unemployable dregs of the private economy. Government jobs are designed for people who are unemployable in the private sector. More QE2s will only inflate the fiscal crisis and Japan is going to do QE2s in a big way. When it occurs, gold and silver will be virtually worthless and shunned by governments. Much, perhaps 95% of the world credit is just invisible plastic credit… not cash. When credit crashes during the coming fiscal crisis 95% of the purchasing power will then disappear overnight because we printed so little of it since WWII. Cash will then be king!
Cash will be king until enough is printed because no one will accept your credit card when the credit crash occurs. All the plastic credit will be worthless. Banks could take weeks to clear checks because people will have so little cash!
Asian markets were down again last night. China down -1.1%, Hong Kong down -1.8%, India down -1.1 %, and Japan down -1.5%,
European markets are up this morning in a range of about 1% to 1.9% half way through their day.
US pre-market futures are up 0.9% to 1.2% at 9:00 AM EST.
The rallies are the opportunities for the wise to sell to the foolish. When we run out of fools, the market drops seriously as many people lose everything and their accounts are closed. Free markets punish the foolish. So be prepared to buy when the panic subsides.
Tuesday, March 15, 2011
GE/MSNBC/Pravda's stocks plummeted yesterday due to the anti-nuclear leftists who took over management of GE.
GE/MSNBC/Pravda's stocks plummeted yesterday due to the anti-nuclear leftists who took over management of GE.
Isn't that insane, to have leftists who hate the USA, who hate the energy industry and hate science and technology (like the uni-bomber)running defense industry giants like GE, building our weapons of mass destruction and allowing them to destruct on our allies due to incompetence and democrat-socialist stupidity at the highest levels of NASA, the NSF, the EPA and all federal government agencies.
It turns out that Japan is now on QE28 as Obama finishes QE2 and thinks that throwing money down a toilet bowl like ACORN is better than letting taxpayers invest it themselves. Yes QEn+1 helped the Japanese economy stagnate for 20 years and they now have a debt burden that is twice their GDP. Obama and the dem-socialists continue to destroy free enterprise nations by making them rotten from the core.
When the socialist took over GE/MSNBC/Pravda that was the time to get out of GE and GE stocks.
You don't want people like those in Al Quaeda, who hate America, running an American defense industry. So why would you own stock in a company like GE that is also run by people that hate free enterprise, who hate the energy industry and who are a hippie drug culture product of the 1960's who infiltrated the so called "American Military Industrial Complex". GE built the nuclear reactors that are leaking in Japan. Was GE always incompetent? Probably not but it is obvious that they are no longer run by people who have the American values of dependability, honesty, and love of Constitutionally protected American freedoms. GE retired or fired all their competent people when the socialists took them over. None of the GE products are safe if they are not maintained and run by competent people. Think how stupid it is that GE still runs their reactors on the "ring of fire" tectonic plate system" without training in the use of the emergency back-up water cooling system and without rapid shutdown training. We should not allow GE to be involved in our defense industry. They with their MSNBC/Pravda show they hate American culture and they think they are a superior elite who should be running our socialist Obama government. And they are running it! Obama has GE running the Obama socialist-business council with George Soros Obama's biggest benefactor. MSNBC lies built the image of the Nigerian of Indonesian heritage who is now president. George Soros can hardly wait to try to destroy the American dollar before Obama is thrown out of office.
Jack Welch (the last pro-American GE executive) said the Wisconsin Democrats who fled their state to avoid laying off unionized teachers are "clueless and irresponsible" (those were his words). 70% off Wisconsin high school students do not meet minimum national educational goals. The Unionized teachers have been on the radio talk shows claiming it is because Wisconsin guardians (democrat-socialists call parents, guardians now) think the government and schools are responsible for raising their children.
How to balance the USA budget:
1. Throw out every single Democrat-socialist politician: Federal, State, and Locally.
2. NASA should be cut sharply so they learn to get out of socialist politics and go back to real science. NASA is now the socialist junk science poster child of our be-happy schools were 40% of the Obama be-happy kids drop out and a work ethic and personal character are considered passe dinosaurs.
3. State, city, teachers, and security/safety workers should not be allowed to have unions just as they did not have unions until the beatnik drug era 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. Next the union and Obama wana-be-dictators will want to use the gays in the army as an excuse to unionize the army like the Red Chinese army that takes its orders from the supreme communist dictator.
4. Lay off 20% of state and federal workers (all in the unions to start) this year and another 20% next year so we don't become like China.
5. Break up Goldman Sucks and AIG and return the cash to the American treasury.
6. Withdraw Obamacare China style legislation and stop FED quantitative expansion (printing money to buy our own debt).
7. Send all the ignorant/criminal be-happy illegal immigrants' back to their socialist banana republic drug cartels where they come from. They don't want to work, they want to sell Mexican drugs and take over Texas and California. Thousands come to Texas every year just to have their children born in America so they can claim the child as an American citizen and appeal to the lunatic democrat-socialists for their own citizenship plus grants so they can pretend to study but actually drop out and get into the US welfare system. Change American citizenship so that it is not enough anymore to be smuggled into America to become an American. They come to America to go on welfare and sell drugs not to be an America. The derelicts that have already destroyed Mexico and Haiti that way want a crack at America now.
8. Make it illegal for corporate officers and employee unions to influence their corporation salary decisions other that through proven economic performance for the taxpayers and other investors. No more free stock for them.
9. Since the Federal Energy department and the Education department were created the Federal Socialist Commissars have destroyed American Energy exploration and Education. Eliminate these two federal bureaucracies.
10. Fire all the Obama Czars and FED commissars and government employees involved in housing, Freddie, and Fannie. Dismantle the Barney-Frank-Dodd bill.
11. Cut all unfunded Social Security Payments given to be-happy immigrants and their dependents that have not paid a cent into social security. That means remove from Social Security all people who did not pay in for at least five years (they're not vested). That would be the entire deficit in the program because socialist politicians have bought the votes of the American hating illegal subculture with Social Security for anyone who votes for socialists. That includes even illegal immigrants and felons who prey on Americans and are beginning to shoot our police on our streets. Take away the voting rights of all people ever convicted of a felony like it was in America before the rise of the leftist 1960's drug culture.
World Markets this week:
China is still a bright spot. Their leaders are again openly talking about political reforms.
US Economy
Mich Sentiment Mar 68.2 down sharply from last months 77.5
Business Inventories Jan increase 0.9%, worst than last month's 0.8%
Americans begin to hunker down. Socialists throwing money at ACORN apparently is not working to stimulate the economy. Maybe returning involuntary taxes taken from working people and productive small businesses would stimulate intelligent spending more than giving it to the lazy people who vote for Dem-socialists.
Yesterday:
Empire Manufacturing Mar 17.5 improved from 15.43
Export Prices ex-ag. Feb rose 0.9% the same as last month 0.9% , or a 10% inflation rate
Import Prices ex-oil Feb 0.3% not as bad as last months 0.8%
Net Long-Term TIC Flows Jan $51.5 poorer than last month's $65.9B
NAHB Housing Market Index Mar 17 hardly improving from last month's 16
FOMC Rate Decision Mar 0.25% not changed and not helping. Raising the rate would stimulate investing in jobs instead of keeping money under corporate mattresses.
This week:
Mar 16 7:00 AM MBA Mortgage Index 03/11
Mar 16 8:30 AM Housing Starts Feb
Mar 16 8:30 AM Building Permits Feb
Mar 16 8:30 AM PPI Feb
Mar 16 8:30 AM Core PPI Feb
Mar 16 8:30 AM Current Account Balance Q4
Mar 16 10:30 AM Crude Inventories 03/12
Mar 17 8:30 AM Initial Claims 03/12
Mar 17 8:30 AM Continuing Claims 03/05
Mar 17 8:30 AM CPI Feb
Mar 17 8:30 AM Core CPI Feb
Mar 17 9:15 AM Industrial Production Feb
Mar 17 9:15 AM Capacity Utilization Feb
Mar 17 10:00 AM Leading Indicators Feb
Mar 17 10:00 AM Philadelphia Fed Mar
Market Outlook March 16, 2011
The selloff accelerated as volume surged 24%! A bounce now would seem more likely before the plunge continues in all securities markets. We are seeing funds unloading stocks on people who listen to GE/MSNBC/Pravda advice.
We think the next stock market support level will be down at Nov 4, 2010 levels about another 9% lower. But actually the real support starts about 17% lower than yesterdays close.
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
The extent of this collapse all depends on the Obama socialists who are actively destroying our system of free enterprise with organized union and bussed in welfare/ACORN demonstrations doing every irresponsible thing they can to prevent taxpayers from getting our economy back to normal. Obama is planting the seeds of riots that turn into North African type insurgencies where the demonstrations riot, sack museums, and then the socialist demand Obama have emergency powers to suspend the American Constitution and give all Americans free food, universal pay checks, medicine, and retirement so we can live like they do in other banana republics such as Cuba, Venezuela, Haiti and as they did in East Germany under communism. Of course that is the same as abject poverty where everyone is equal.
We are all equal in poverty and death. And that is what the democrat-socialist, Nazi (national socialists), and Communists (international socialists) have to offer the world.
Isn't that insane, to have leftists who hate the USA, who hate the energy industry and hate science and technology (like the uni-bomber)running defense industry giants like GE, building our weapons of mass destruction and allowing them to destruct on our allies due to incompetence and democrat-socialist stupidity at the highest levels of NASA, the NSF, the EPA and all federal government agencies.
It turns out that Japan is now on QE28 as Obama finishes QE2 and thinks that throwing money down a toilet bowl like ACORN is better than letting taxpayers invest it themselves. Yes QEn+1 helped the Japanese economy stagnate for 20 years and they now have a debt burden that is twice their GDP. Obama and the dem-socialists continue to destroy free enterprise nations by making them rotten from the core.
When the socialist took over GE/MSNBC/Pravda that was the time to get out of GE and GE stocks.
You don't want people like those in Al Quaeda, who hate America, running an American defense industry. So why would you own stock in a company like GE that is also run by people that hate free enterprise, who hate the energy industry and who are a hippie drug culture product of the 1960's who infiltrated the so called "American Military Industrial Complex". GE built the nuclear reactors that are leaking in Japan. Was GE always incompetent? Probably not but it is obvious that they are no longer run by people who have the American values of dependability, honesty, and love of Constitutionally protected American freedoms. GE retired or fired all their competent people when the socialists took them over. None of the GE products are safe if they are not maintained and run by competent people. Think how stupid it is that GE still runs their reactors on the "ring of fire" tectonic plate system" without training in the use of the emergency back-up water cooling system and without rapid shutdown training. We should not allow GE to be involved in our defense industry. They with their MSNBC/Pravda show they hate American culture and they think they are a superior elite who should be running our socialist Obama government. And they are running it! Obama has GE running the Obama socialist-business council with George Soros Obama's biggest benefactor. MSNBC lies built the image of the Nigerian of Indonesian heritage who is now president. George Soros can hardly wait to try to destroy the American dollar before Obama is thrown out of office.
Jack Welch (the last pro-American GE executive) said the Wisconsin Democrats who fled their state to avoid laying off unionized teachers are "clueless and irresponsible" (those were his words). 70% off Wisconsin high school students do not meet minimum national educational goals. The Unionized teachers have been on the radio talk shows claiming it is because Wisconsin guardians (democrat-socialists call parents, guardians now) think the government and schools are responsible for raising their children.
How to balance the USA budget:
1. Throw out every single Democrat-socialist politician: Federal, State, and Locally.
2. NASA should be cut sharply so they learn to get out of socialist politics and go back to real science. NASA is now the socialist junk science poster child of our be-happy schools were 40% of the Obama be-happy kids drop out and a work ethic and personal character are considered passe dinosaurs.
3. State, city, teachers, and security/safety workers should not be allowed to have unions just as they did not have unions until the beatnik drug era 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. Next the union and Obama wana-be-dictators will want to use the gays in the army as an excuse to unionize the army like the Red Chinese army that takes its orders from the supreme communist dictator.
4. Lay off 20% of state and federal workers (all in the unions to start) this year and another 20% next year so we don't become like China.
5. Break up Goldman Sucks and AIG and return the cash to the American treasury.
6. Withdraw Obamacare China style legislation and stop FED quantitative expansion (printing money to buy our own debt).
7. Send all the ignorant/criminal be-happy illegal immigrants' back to their socialist banana republic drug cartels where they come from. They don't want to work, they want to sell Mexican drugs and take over Texas and California. Thousands come to Texas every year just to have their children born in America so they can claim the child as an American citizen and appeal to the lunatic democrat-socialists for their own citizenship plus grants so they can pretend to study but actually drop out and get into the US welfare system. Change American citizenship so that it is not enough anymore to be smuggled into America to become an American. They come to America to go on welfare and sell drugs not to be an America. The derelicts that have already destroyed Mexico and Haiti that way want a crack at America now.
8. Make it illegal for corporate officers and employee unions to influence their corporation salary decisions other that through proven economic performance for the taxpayers and other investors. No more free stock for them.
9. Since the Federal Energy department and the Education department were created the Federal Socialist Commissars have destroyed American Energy exploration and Education. Eliminate these two federal bureaucracies.
10. Fire all the Obama Czars and FED commissars and government employees involved in housing, Freddie, and Fannie. Dismantle the Barney-Frank-Dodd bill.
11. Cut all unfunded Social Security Payments given to be-happy immigrants and their dependents that have not paid a cent into social security. That means remove from Social Security all people who did not pay in for at least five years (they're not vested). That would be the entire deficit in the program because socialist politicians have bought the votes of the American hating illegal subculture with Social Security for anyone who votes for socialists. That includes even illegal immigrants and felons who prey on Americans and are beginning to shoot our police on our streets. Take away the voting rights of all people ever convicted of a felony like it was in America before the rise of the leftist 1960's drug culture.
World Markets this week:
China is still a bright spot. Their leaders are again openly talking about political reforms.
US Economy
Mich Sentiment Mar 68.2 down sharply from last months 77.5
Business Inventories Jan increase 0.9%, worst than last month's 0.8%
Americans begin to hunker down. Socialists throwing money at ACORN apparently is not working to stimulate the economy. Maybe returning involuntary taxes taken from working people and productive small businesses would stimulate intelligent spending more than giving it to the lazy people who vote for Dem-socialists.
Yesterday:
Empire Manufacturing Mar 17.5 improved from 15.43
Export Prices ex-ag. Feb rose 0.9% the same as last month 0.9% , or a 10% inflation rate
Import Prices ex-oil Feb 0.3% not as bad as last months 0.8%
Net Long-Term TIC Flows Jan $51.5 poorer than last month's $65.9B
NAHB Housing Market Index Mar 17 hardly improving from last month's 16
FOMC Rate Decision Mar 0.25% not changed and not helping. Raising the rate would stimulate investing in jobs instead of keeping money under corporate mattresses.
This week:
Mar 16 7:00 AM MBA Mortgage Index 03/11
Mar 16 8:30 AM Housing Starts Feb
Mar 16 8:30 AM Building Permits Feb
Mar 16 8:30 AM PPI Feb
Mar 16 8:30 AM Core PPI Feb
Mar 16 8:30 AM Current Account Balance Q4
Mar 16 10:30 AM Crude Inventories 03/12
Mar 17 8:30 AM Initial Claims 03/12
Mar 17 8:30 AM Continuing Claims 03/05
Mar 17 8:30 AM CPI Feb
Mar 17 8:30 AM Core CPI Feb
Mar 17 9:15 AM Industrial Production Feb
Mar 17 9:15 AM Capacity Utilization Feb
Mar 17 10:00 AM Leading Indicators Feb
Mar 17 10:00 AM Philadelphia Fed Mar
Market Outlook March 16, 2011
The selloff accelerated as volume surged 24%! A bounce now would seem more likely before the plunge continues in all securities markets. We are seeing funds unloading stocks on people who listen to GE/MSNBC/Pravda advice.
We think the next stock market support level will be down at Nov 4, 2010 levels about another 9% lower. But actually the real support starts about 17% lower than yesterdays close.
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
The extent of this collapse all depends on the Obama socialists who are actively destroying our system of free enterprise with organized union and bussed in welfare/ACORN demonstrations doing every irresponsible thing they can to prevent taxpayers from getting our economy back to normal. Obama is planting the seeds of riots that turn into North African type insurgencies where the demonstrations riot, sack museums, and then the socialist demand Obama have emergency powers to suspend the American Constitution and give all Americans free food, universal pay checks, medicine, and retirement so we can live like they do in other banana republics such as Cuba, Venezuela, Haiti and as they did in East Germany under communism. Of course that is the same as abject poverty where everyone is equal.
We are all equal in poverty and death. And that is what the democrat-socialist, Nazi (national socialists), and Communists (international socialists) have to offer the world.
Monday, March 14, 2011
When a tsunami hit Japan socialist supporting Goldman bought stocks.
When a tsunami hit Japan socialist supporting Goldman bought stocks.
Jack Welch (the last pro-American GE executive) said the Wisconsin Democrats who fled their state to avoid laying off unionized teachers are clueless and irresponsible (those were his words). 70% off Wisconsin high school students do not meet minimum national educational goals. The Unionized teachers have been on the radio talk shows claiming it is because Wisconsin guardians (democrat-socialists call parents, guardians now) think the government and schools are responsible for raising their children.
2010 Wisconsin Teacher Actual Wages
AVERAGE WAGE AND BENEFITS for about 9 months of work:
Milwaukee $86,297
Elmbrook $91,065
Germantown $83,818
Hartland Arrwhd $90,285 (highest teacher was $122,952-
lowest was $64,942)
Men Falls $81,099
West Bend $82,153
Waukesha $92,902
Sussex $82,956
Mequon $95,297
Kettle Mor $87,676
Muskego $91,341STAFF:
Arrowhead – Bus Mng- Kopecky- $169,525
Arrowhead – School Principal- Wieczorek- $152,519
Grmtwn- Asst Princ- Dave Towers – $123,222
Elmbrk-Burliegh Elementary-Principal Zahn $142,315
Madison – Asst Principal – McGrath – $127,835
MILWAUKEE CITY BUS DRIVERS (salary only):
136 Drivers made more than $70,000
54 Drivers made more than $80,000
18 Drivers made more than $90,000
8 Drivers made more than $100,000
Top Driver made $117,000
Wisconsin Republicans bypassed Socialist-Dems and, approved a law limiting government union collective bargaining. The Senate Republicans in Wisconsin passed a bill that strips the state’s public employees of much of their corrupt collective-bargaining power. It does not affect public security such as police and firemen. Democrat-Socialists are for having a gay and unionized national defense force too. That would make their desired overthrow of America's constitutional government easier. They do not like the fact that the American Constitution limits the power of the Federal Government.
How to balance the USA budget:
1. Throw out every single Democrat-socialist politician: Federal, State, and Locally.
2. NASA should be cut sharply so they learn to get out of socialist politics and go back to real science. NASA is now the socialist junk science poster child of our be-happy schools were 40% of the Obama be-happy kids drop out and a work ethic and personal character are considered passe dinosaurs.
3. State, city, teachers, and security/safety workers should not be allowed to have unions just as they did not have unions until the beatnik drug era 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. Next the union and Obama wana-be-dictators will want to use the gays in the army as an excuse to unionize the army like the Red Chinese army that takes its orders from the supreme communist dictator.
4. Lay off 20% of state and federal workers (all in the unions to start) this year and another 20% next year so we don't become like China.
5. Break up Goldman Sucks and AIG and return the cash to the American treasury.
6. Withdraw Obamacare China style legislation and stop FED quantitative expansion (printing money to buy our own debt).
7. Send all the ignorant/criminal be-happy illegal immigrants' back to their socialist banana republic drug cartels where they come from. They don't want to work, they want to sell Mexican drugs and take over Texas and California. Thousands come to Texas every year just to have their children born in America so they can claim the child as an American citizen and appeal to the lunatic democrat-socialists for their own citizenship plus grants so they can pretend to study but actually drop out and get into the US welfare system. Change American citizenship so that it is not enough anymore to be smuggled into America to become an American. They come to America to go on welfare and sell drugs not to be an America. The derelicts that have already destroyed Mexico and Haiti that way want a crack at America now.
8. Make it illegal for corporate officers and employee unions to influence their corporation salary decisions other that through proven economic performance for the taxpayers and other investors. No more free stock for them.
9. Since the Federal Energy department and the Education department were created the Federal Socialist Commissars have destroyed American Energy exploration and Education. Eliminate these two federal bureaucracies.
10. Fire all the Obama Czars and FED commissars and government employees involved in housing, Freddie, and Fannie. Dismantle the Barney-Frank-Dodd bill.
11. Cut all unfunded Social Security Payments to be-happy immigrants and their dependents who have not paid into social security for at least five years. That means remove from Social Security all people who did not pay in for at least five years. That would be the entire deficit in the program because socialist politicians have bought the votes of the American hating illegal subculture with Social Security for anyone who votes for socialists. That includes even illegal immigrants and felons who prey on Americans and are beginning to shoot our police on our streets. Take away the voting rights of all people ever convicted of a felony like it was in America before the rise of the leftist 1960's drug culture.
World Markets this week:
The most significant question from last week is why Japanese nuclear facilities do not have a way to quickly withdraw fuel rods and shut down? GE of GE/MSNBC/Pravda apparently built those defective reactors. That explains the nuclear problem. The leftists want to shut down the American nuclear industry. GE should not be allowed in any industry that they seek to destroy such as the defense industry too!
The losses of investments in China will be very great unless the people of China have the courage to overthrow their dictatorship. The people know that they can become a free people because they know freedom works well in Hong Kong and in Taiwan. It is now time for the good Chinese people to end 60 years of cruel oppression in China.
The real world economic problem is profligate socialist spending here and abroad. In America the current budget crisis will only grow until the city and state fiscal budget cuts are approved by this summer. We think the next stock market support level will be down at Nov 4, 2010 levels.
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
US Economy
Mich Sentiment Mar 68.2 down sharply from last months 77.5
Business Inventories Jan increase 0.9%, worst than last month's 0.8%
Americans begin to hunker down. Socialists throwing money at ACORN apparently is not working to stimulate the economy. Maybe returning involuntary taxes taken from working people and productive small businesses would stimulate intelligent spending more than giving it to the lazy people who vote for Dem-socialists.
This week:
Mar 15 8:30 AM Empire Manufacturing Mar
Mar 15 8:30 AM Export Prices ex-ag. Feb
Mar 15 8:30 AM Import Prices ex-oil Feb
Mar 15 9:00 AM Net Long-Term TIC Flows Jan
Mar 15 10:00 AM NAHB Housing Market Index Mar
Mar 15 2:15 PM FOMC Rate Decision Mar
Mar 16 7:00 AM MBA Mortgage Index 03/11
Mar 16 8:30 AM Housing Starts Feb
Mar 16 8:30 AM Building Permits Feb
Mar 16 8:30 AM PPI Feb
Mar 16 8:30 AM Core PPI Feb
Mar 16 8:30 AM Current Account Balance Q4
Mar 16 10:30 AM Crude Inventories 03/12
Mar 17 8:30 AM Initial Claims 03/12
Mar 17 8:30 AM Continuing Claims 03/05
Mar 17 8:30 AM CPI Feb
Mar 17 8:30 AM Core CPI Feb
Mar 17 9:15 AM Industrial Production Feb
Mar 17 9:15 AM Capacity Utilization Feb
Mar 17 10:00 AM Leading Indicators Feb
Mar 17 10:00 AM Philadelphia Fed Mar
Market Outlook March 14, 2011
We have been warning that this market run-up was a FED QE2 tsunami that would end in state and city fiscal crisis by July. Last week selling volume rose 27% as the stock market broke down through the 50dma. When a real tsunami hit Japan the blood-sucking socialist Goldman-sucks and other Obama contributors started buying infrastructure stocks to profit on Japan's catastrophe. They pushed the stock market up because that is how they are! Volume though dropped 21% as normal people recoiled and though instead of aiding Japan. In Japan the markets plunged.
If this is a double dip recession, which it may very well be, then the 15% addition drop is entirely possible by mid summer. This all depends on the Obama socialists who are actively destroying our system of free enterprise with organized union and bussed in welfare/ACORN demonstrations doing every irresponsible thing they can to prevent taxpayers from getting our economy back to normal.
GE/MSNBC/Pravda's stupid national socialists Nazis think the bigger the lies they tell the more believable they become. Their Nazi Brown shirt unions are urinating on our state capitals calling for higher taxes. Jim Cramer lied again and said that international trade as seen with the dry freight index had recovered long ago. Go to the following link and look at the last five years and see for your self that international trade is down more than 80% from the highs of 2008 and is currently declining.
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
We are prepared to buy individual stocks on significant declines. Some stocks are already buying opportunities and worth taking.
World Markets
Asian markets were down slightly last night. China up 0.1%, Hong Kong up 0.66%, India up 1.4 %, Taiwan down -0.6%, and Japan down -6.2%,
European markets are down this morning in a range of about -0.37% to -0.9% half way through their day.
US pre-market futures are down -0.6% at 8:00 AM EST.
Jack Welch (the last pro-American GE executive) said the Wisconsin Democrats who fled their state to avoid laying off unionized teachers are clueless and irresponsible (those were his words). 70% off Wisconsin high school students do not meet minimum national educational goals. The Unionized teachers have been on the radio talk shows claiming it is because Wisconsin guardians (democrat-socialists call parents, guardians now) think the government and schools are responsible for raising their children.
2010 Wisconsin Teacher Actual Wages
AVERAGE WAGE AND BENEFITS for about 9 months of work:
Milwaukee $86,297
Elmbrook $91,065
Germantown $83,818
Hartland Arrwhd $90,285 (highest teacher was $122,952-
lowest was $64,942)
Men Falls $81,099
West Bend $82,153
Waukesha $92,902
Sussex $82,956
Mequon $95,297
Kettle Mor $87,676
Muskego $91,341STAFF:
Arrowhead – Bus Mng- Kopecky- $169,525
Arrowhead – School Principal- Wieczorek- $152,519
Grmtwn- Asst Princ- Dave Towers – $123,222
Elmbrk-Burliegh Elementary-Principal Zahn $142,315
Madison – Asst Principal – McGrath – $127,835
MILWAUKEE CITY BUS DRIVERS (salary only):
136 Drivers made more than $70,000
54 Drivers made more than $80,000
18 Drivers made more than $90,000
8 Drivers made more than $100,000
Top Driver made $117,000
Wisconsin Republicans bypassed Socialist-Dems and, approved a law limiting government union collective bargaining. The Senate Republicans in Wisconsin passed a bill that strips the state’s public employees of much of their corrupt collective-bargaining power. It does not affect public security such as police and firemen. Democrat-Socialists are for having a gay and unionized national defense force too. That would make their desired overthrow of America's constitutional government easier. They do not like the fact that the American Constitution limits the power of the Federal Government.
How to balance the USA budget:
1. Throw out every single Democrat-socialist politician: Federal, State, and Locally.
2. NASA should be cut sharply so they learn to get out of socialist politics and go back to real science. NASA is now the socialist junk science poster child of our be-happy schools were 40% of the Obama be-happy kids drop out and a work ethic and personal character are considered passe dinosaurs.
3. State, city, teachers, and security/safety workers should not be allowed to have unions just as they did not have unions until the beatnik drug era 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. Next the union and Obama wana-be-dictators will want to use the gays in the army as an excuse to unionize the army like the Red Chinese army that takes its orders from the supreme communist dictator.
4. Lay off 20% of state and federal workers (all in the unions to start) this year and another 20% next year so we don't become like China.
5. Break up Goldman Sucks and AIG and return the cash to the American treasury.
6. Withdraw Obamacare China style legislation and stop FED quantitative expansion (printing money to buy our own debt).
7. Send all the ignorant/criminal be-happy illegal immigrants' back to their socialist banana republic drug cartels where they come from. They don't want to work, they want to sell Mexican drugs and take over Texas and California. Thousands come to Texas every year just to have their children born in America so they can claim the child as an American citizen and appeal to the lunatic democrat-socialists for their own citizenship plus grants so they can pretend to study but actually drop out and get into the US welfare system. Change American citizenship so that it is not enough anymore to be smuggled into America to become an American. They come to America to go on welfare and sell drugs not to be an America. The derelicts that have already destroyed Mexico and Haiti that way want a crack at America now.
8. Make it illegal for corporate officers and employee unions to influence their corporation salary decisions other that through proven economic performance for the taxpayers and other investors. No more free stock for them.
9. Since the Federal Energy department and the Education department were created the Federal Socialist Commissars have destroyed American Energy exploration and Education. Eliminate these two federal bureaucracies.
10. Fire all the Obama Czars and FED commissars and government employees involved in housing, Freddie, and Fannie. Dismantle the Barney-Frank-Dodd bill.
11. Cut all unfunded Social Security Payments to be-happy immigrants and their dependents who have not paid into social security for at least five years. That means remove from Social Security all people who did not pay in for at least five years. That would be the entire deficit in the program because socialist politicians have bought the votes of the American hating illegal subculture with Social Security for anyone who votes for socialists. That includes even illegal immigrants and felons who prey on Americans and are beginning to shoot our police on our streets. Take away the voting rights of all people ever convicted of a felony like it was in America before the rise of the leftist 1960's drug culture.
World Markets this week:
The most significant question from last week is why Japanese nuclear facilities do not have a way to quickly withdraw fuel rods and shut down? GE of GE/MSNBC/Pravda apparently built those defective reactors. That explains the nuclear problem. The leftists want to shut down the American nuclear industry. GE should not be allowed in any industry that they seek to destroy such as the defense industry too!
The losses of investments in China will be very great unless the people of China have the courage to overthrow their dictatorship. The people know that they can become a free people because they know freedom works well in Hong Kong and in Taiwan. It is now time for the good Chinese people to end 60 years of cruel oppression in China.
The real world economic problem is profligate socialist spending here and abroad. In America the current budget crisis will only grow until the city and state fiscal budget cuts are approved by this summer. We think the next stock market support level will be down at Nov 4, 2010 levels.
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
US Economy
Mich Sentiment Mar 68.2 down sharply from last months 77.5
Business Inventories Jan increase 0.9%, worst than last month's 0.8%
Americans begin to hunker down. Socialists throwing money at ACORN apparently is not working to stimulate the economy. Maybe returning involuntary taxes taken from working people and productive small businesses would stimulate intelligent spending more than giving it to the lazy people who vote for Dem-socialists.
This week:
Mar 15 8:30 AM Empire Manufacturing Mar
Mar 15 8:30 AM Export Prices ex-ag. Feb
Mar 15 8:30 AM Import Prices ex-oil Feb
Mar 15 9:00 AM Net Long-Term TIC Flows Jan
Mar 15 10:00 AM NAHB Housing Market Index Mar
Mar 15 2:15 PM FOMC Rate Decision Mar
Mar 16 7:00 AM MBA Mortgage Index 03/11
Mar 16 8:30 AM Housing Starts Feb
Mar 16 8:30 AM Building Permits Feb
Mar 16 8:30 AM PPI Feb
Mar 16 8:30 AM Core PPI Feb
Mar 16 8:30 AM Current Account Balance Q4
Mar 16 10:30 AM Crude Inventories 03/12
Mar 17 8:30 AM Initial Claims 03/12
Mar 17 8:30 AM Continuing Claims 03/05
Mar 17 8:30 AM CPI Feb
Mar 17 8:30 AM Core CPI Feb
Mar 17 9:15 AM Industrial Production Feb
Mar 17 9:15 AM Capacity Utilization Feb
Mar 17 10:00 AM Leading Indicators Feb
Mar 17 10:00 AM Philadelphia Fed Mar
Market Outlook March 14, 2011
We have been warning that this market run-up was a FED QE2 tsunami that would end in state and city fiscal crisis by July. Last week selling volume rose 27% as the stock market broke down through the 50dma. When a real tsunami hit Japan the blood-sucking socialist Goldman-sucks and other Obama contributors started buying infrastructure stocks to profit on Japan's catastrophe. They pushed the stock market up because that is how they are! Volume though dropped 21% as normal people recoiled and though instead of aiding Japan. In Japan the markets plunged.
If this is a double dip recession, which it may very well be, then the 15% addition drop is entirely possible by mid summer. This all depends on the Obama socialists who are actively destroying our system of free enterprise with organized union and bussed in welfare/ACORN demonstrations doing every irresponsible thing they can to prevent taxpayers from getting our economy back to normal.
GE/MSNBC/Pravda's stupid national socialists Nazis think the bigger the lies they tell the more believable they become. Their Nazi Brown shirt unions are urinating on our state capitals calling for higher taxes. Jim Cramer lied again and said that international trade as seen with the dry freight index had recovered long ago. Go to the following link and look at the last five years and see for your self that international trade is down more than 80% from the highs of 2008 and is currently declining.
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
We are prepared to buy individual stocks on significant declines. Some stocks are already buying opportunities and worth taking.
World Markets
Asian markets were down slightly last night. China up 0.1%, Hong Kong up 0.66%, India up 1.4 %, Taiwan down -0.6%, and Japan down -6.2%,
European markets are down this morning in a range of about -0.37% to -0.9% half way through their day.
US pre-market futures are down -0.6% at 8:00 AM EST.
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