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.