Bad press, including major mockery of the play by comedian Jon Stewart, led to President Obama abandoning his proposal to require veterans carry private health insurance to cover the estimated $540 billion annual cost of treatment for injuries they received fighting enemies of Liberty. The President admitted that he was puzzled by the magnitude of the opposition to his proposal.
"Look, it's an all volunteer force," Obama complained. "Nobody made these guys go to war. They had to have known and accepted the risks. Now they whine about bearing the costs of their choice? It doesn't compute.." "I thought these were people who were proud to sacrifice for their country, "Obama continued "I wasn't asking for blood, just money. With the country facing the worst financial crisis in its history, I'd have thought that the patriotic thing to do would be to try to help reduce the nation's deficit. I guess I underestimated the selfishness of some of my fellow Americans."
Please pass this on to every one you know. How in the world could a person with this mindset become a leader in Nigeria or Indonesia much less America?
A previously unseen Obama birth certificate was produced when Donald Trump and other doubters revealed that Barack Obama was using an unsigned facsimile claiming it was the real birth certificate. We pointed that out a long, long time ago. The new “real” birth certificate looks real but is it accurate? The picture of Obama with his mother who was an ex-patriot on a trip passing through Hawaii to have the baby looks like Obama was at least 3 yrs old when he was “born” in America. Maybe he was mature for his age and did well in school because he was able to stand and walk when he was “born” in Hawaii just two years after it became a state. In Kenya they don’t keep records but some claim they can run the day they are born.
It is no wonder that Obama was not invited to the wedding of Prince William and Kate today.
World Markets:
It is time for the USA to leave the IMF. The IMF has been giving away America’s future and the BRICS (emerging countries) are totally ungrateful. It is time for America to hunker down and stop support socialist governments around the world and get back to balancing the budget.
The outlook on Japan’s local-currency debt rating, at AA-, the fourth-highest grade, was lowered from “stable,” to negative S&P announced. The company had reduced the rating by one step in January in the first cut since 2002. Moody’s Investors Service said last month the disaster might bring forward the “tipping point” for the country’s bond market.
The yen fell versus all of its major counterparts on speculation the Bank of Japan will signal this week it will maintain monetary stimulus QE policy.
US Market Highlights
Leading Indicators Mar fell to 0.4% from 0.8% last month.
FHFA Housing Price Index Feb fell -1.6% after declining -0.3% last month.
New Home Sales Mar rose to 300K from 270K last month but prices fell again.
Case-Sheller 20-city Index Feb down -3.33% after being down -3.10% last month
Consumer Confidence Apr rose to 65.4 from 63.8 last month. It is about half what it was in 2008.
MBA Mortgage Index 04/22 fell to -5.6 from 5.3 last month
Durable Orders Mar rose 2.5% after declining -0.6% last month
Durable Orders -ex Transportation Mar rose 1.3% after declining -0.3% last month
Crude Inventories 04/23 rose a record 6.156M after declining -2.322M last week.
FOMC Rate Decision Apr unchanged at 0.25%
Yesterday
GDP-Adv. Q1 1.8% down from 3.1% the 4th quarter
GDP Deflator Q1 1.9% says all the Q1 GDP growth was inflation while the last time only 0.4% was inflation
Initial Claims 04/23 429K rose sharply from last week 403K
Continuing Claims 04/16 3641K once again it doesn't compute vs. last weeks 3695K
Pending Home Sales Mar higher 5.1% but prices are still dropping. Better than the last time 2.1%
This week
Apr 29 8:30 AM Personal Income Mar
Apr 29 8:30 AM Personal Spending Mar
Apr 29 8:30 AM PCE Prices - Core Mar
Apr 29 8:30 AM Employment Cost Index Q1
Apr 29 9:45 AM Chicago PMI Apr
Apr 29 9:55 AM Michigan Sentiment - Final Apr
Market Outlook April 29, 2011
Market volume back to normal while testing tops again. The VIX bottomed complacently low, a very bearish sign of overconfidence.
The stock market is continuing to test its head and shoulders. When adjust for the cash flow the market has topped out.
http:// http://finance.yahoo.com/q/bc?s=^VIX&t=1y&l=on&z=m&q=l&c=
World Markets
International trade shows that the world economy has only revived about 25% not the 60% shown by the stock and commodities markets. QE2 is creating the stock market and commodity. That means more than half of the stock market rise from the 2009 lows is unsupportable and could evaporate. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Asian markets were flat last night. China up 1.3%, Hong Kong down –0.9%, India down -0.8%, and Seoul down –0.7%.
European markets are flat this morning in a range of about –0.2% to +0.4% half way through their day.
US pre-market futures are flat today in a range of about –0.0-2% to 0.1 % at 8:00 AM EST.
Friday, April 29, 2011
Thursday, April 28, 2011
Bernacke on Prozac exudes confidence and promises more inflation but 12 million to remain jobless and losing what little skills they had before.
Bernacke on Prozac exudes confidence and promises more inflation but 12 million to remain jobless and losing what little skills they had before. At least QE2 will die.
A previously unseen Obama birth certificate was produced when Donald Trump and other doubters revealed that Barack Obama was using an unsigned facsimile claiming it was the real birth certificate. We pointed that out a long, long time ago. The new “real” birth certificate now looks real but the picture of Obama with his mother who was passing through Hawaii to have the baby looks like Obama was at least 3 yrs old when he was “born” in America. Maybe he was maturer for his age and did well in school because he was able to stand and walk when he was “born” in America. In Kenya they don’t keep records but some claim they can run the day they are born.
Science must be kept uncorrupted by the lunatic left who invented “junk science”. The National Socialists created a genetic junk science under their socialist leader Adolf Hitler. Teach the NASA junk scientists a lesson. Fire all the NASA employees and start a new NASA in three years after the leftists are removed from office. That will help balance the budget now. NASA’s fate was signed more than 15 years ago when it began distorting analysis to support the man-created-global-warming fraud. No scientists ever suggested that global warming had not followed the last ten ice ages. But the salient knowledge is that first of ten ice ages only started occurring about 1 million years ago because the earth was hot and has been cooling down for the last 500 million years… not warming. Before one million years ago there was no global warming (ice cap melting) because earth was so warm glaciers did not occur so there never was any significant ice to melt. Whereas 10,000 idiot-leftist scientists signed a petition supporting man-made global warming, so far 31487 competent scientists signed a petition saying it is a farce. The father of atomic power, Edward Teller is one of the many scientists who outnumber the incompetent lunatic left scientists by 3.1 to 1. NASA no longer has any credibility when it comes to the scientific method. See:
http://www.petitionproject.org/
The outlook on Japan’s local-currency debt rating, at AA-, the fourth-highest grade, was lowered from “stable,” to negative S&P announced. The company had reduced the rating by one step in January in the first cut since 2002. Moody’s Investors Service said last month the disaster might bring forward the “tipping point” for the country’s bond market.
Amazon posted first-quarter net income that came in well below Wall Street’s expectations
Hackers stole personal info from playstation network. Sony has shut down the network and engaged an outside security firm to try and figure out what happened. 77 million PlayStation Network and Qriocity online service customers that their credit-card data, billing addresses and other personal information been stolen.
The problem with electric cars is not low weight but small size so passengers are de-capitated when they slide under conventional trucks and cars. Crashing electric cars into walls is not the same as crashing low heavy vehicles into high truck chassis. When an electric car crashes what happens to the chemicals within the broken batteries? Can the contents blind and disfigure people and is it not an environmental hazard? Don’t heavy batteries make the cars heavier and therefore require more energy to accelerate? While the car uses electricity not gasoline, isn’t most of the electricity that is used to charge the car coming from utility plants that burn coal? Isn’t converting coal (3 conversions) to AC electricity then to DC electricity and then to car power less efficient than converting gasoline directly to car power (1 conversion)? Are the leftist lunatics and leftist environmentalists so stupid they think requiring 2 additional conversions is better efficiency? And just how much energy is being wasted in building the batteries, the charging stations, and the infrastructure. And does anyone believe that the batteries will really last 20 years as the lunatic left claims? Not only is Obama destroying the American economy he is creating the biggest environmental hazard in the world. Is GE/MSNBC/Pravda designing batteries with the same care and intelligence they used to design the 6 Japanese reactors on the coast of Japan on an earthquake fault line, with the partially consumed fissionable nuclear waste stored on top of the reactors?
World Markets:
It is time for the USA to leave the IMF. The IMF has been giving away America’s future and the BRICS (emerging countries) are totally ungrateful. It is time for America to hunker down and stop support socialist governments around the world and get back to balancing the budget.
Mexican bond investors are paring inflation bets from a 14-month high after consumer prices rose less than forecast over the past two months.
Xinjiang Goldwind Science and Technology Co. won two orders for its wind turbines in the U.S., helping the Chinese manufacturer expand into the world’s second-biggest energy market.
The yen fell versus all of its major counterparts on speculation the Bank of Japan will signal this week it will maintain monetary stimulus QE policy.
US Market Highlights
Leading Indicators Mar fell to 0.4% from 0.8% last month.
FHFA Housing Price Index Feb fell -1.6% after declining -0.3% last month.
New Home Sales Mar rose to 300K from 270K last month but prices fell again.
Case-Sheller 20-city Index Feb down -3.33% after being down -3.10% last month
Consumer Confidence Apr rose to 65.4 from 63.8 last month. It is about half what it was in 2008.
Yesterday
MBA Mortgage Index 04/22 fell to -5.6 from 5.3 last month
Durable Orders Mar rose 2.5% after declining -0.6% last month
Durable Orders -ex Transportation Mar rose 1.3% after declining -0.3% last month
Crude Inventories 04/23 rose a record 6.156M after declining -2.322M last week.
FOMC Rate Decision Apr unchanged at 0.25%
This week
Apr 28 8:30 AM GDP-Adv. Q1
Apr 28 8:30 AM GDP Deflator Q1
Apr 28 8:30 AM Initial Claims 04/23
Apr 28 8:30 AM Continuing Claims 04/16
Apr 28 10:00 AM Pending Home Sales Mar
Apr 29 8:30 AM Personal Income Mar
Apr 29 8:30 AM Personal Spending Mar -
Apr 29 8:30 AM PCE Prices - Core Mar
Apr 29 8:30 AM Employment Cost Index Q1
Apr 29 9:45 AM Chicago PMI Apr
Apr 29 9:55 AM Michigan Sentiment - Final Apr
Market Outlook April 28, 2011
Market volume increased Wednesday while testing tops again. The VIX bottomed complacently low, a very bearish sign of overconfidence.
http://finance.yahoo.com/q/bc?s=^VIX&t=6m&l=on&z=m&q=l&c=
The stock market is continuing to test its head and shoulders. When adjust for the cash flow the market has topped out.
http://finance.yahoo.com/q/ta?s=%5EGSPC&t=1y&l=on&z=m&q=l&p=m50&a=m26-12-9&c=
World Markets
International trade shows that the world economy has only revived about 25% not the 60% shown by the stock and commodities markets. QE2 is creating the stock market and commodity. That means more than half of the stock market rise from the 2009 lows is unsupportable and could evaporate. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Asian markets were down last night. China down –1.3%, Hong Kong down –0.4%, India down -0.8%, and Japan up 1.6%.
European markets are spread this morning in a range of about –0.9% to +0.5% half way through their day.
US pre-market futures are flat today in a range of about 0% to 0.2 % at 6:30 AM EST.
A previously unseen Obama birth certificate was produced when Donald Trump and other doubters revealed that Barack Obama was using an unsigned facsimile claiming it was the real birth certificate. We pointed that out a long, long time ago. The new “real” birth certificate now looks real but the picture of Obama with his mother who was passing through Hawaii to have the baby looks like Obama was at least 3 yrs old when he was “born” in America. Maybe he was maturer for his age and did well in school because he was able to stand and walk when he was “born” in America. In Kenya they don’t keep records but some claim they can run the day they are born.
Science must be kept uncorrupted by the lunatic left who invented “junk science”. The National Socialists created a genetic junk science under their socialist leader Adolf Hitler. Teach the NASA junk scientists a lesson. Fire all the NASA employees and start a new NASA in three years after the leftists are removed from office. That will help balance the budget now. NASA’s fate was signed more than 15 years ago when it began distorting analysis to support the man-created-global-warming fraud. No scientists ever suggested that global warming had not followed the last ten ice ages. But the salient knowledge is that first of ten ice ages only started occurring about 1 million years ago because the earth was hot and has been cooling down for the last 500 million years… not warming. Before one million years ago there was no global warming (ice cap melting) because earth was so warm glaciers did not occur so there never was any significant ice to melt. Whereas 10,000 idiot-leftist scientists signed a petition supporting man-made global warming, so far 31487 competent scientists signed a petition saying it is a farce. The father of atomic power, Edward Teller is one of the many scientists who outnumber the incompetent lunatic left scientists by 3.1 to 1. NASA no longer has any credibility when it comes to the scientific method. See:
http://www.petitionproject.org/
The outlook on Japan’s local-currency debt rating, at AA-, the fourth-highest grade, was lowered from “stable,” to negative S&P announced. The company had reduced the rating by one step in January in the first cut since 2002. Moody’s Investors Service said last month the disaster might bring forward the “tipping point” for the country’s bond market.
Amazon posted first-quarter net income that came in well below Wall Street’s expectations
Hackers stole personal info from playstation network. Sony has shut down the network and engaged an outside security firm to try and figure out what happened. 77 million PlayStation Network and Qriocity online service customers that their credit-card data, billing addresses and other personal information been stolen.
The problem with electric cars is not low weight but small size so passengers are de-capitated when they slide under conventional trucks and cars. Crashing electric cars into walls is not the same as crashing low heavy vehicles into high truck chassis. When an electric car crashes what happens to the chemicals within the broken batteries? Can the contents blind and disfigure people and is it not an environmental hazard? Don’t heavy batteries make the cars heavier and therefore require more energy to accelerate? While the car uses electricity not gasoline, isn’t most of the electricity that is used to charge the car coming from utility plants that burn coal? Isn’t converting coal (3 conversions) to AC electricity then to DC electricity and then to car power less efficient than converting gasoline directly to car power (1 conversion)? Are the leftist lunatics and leftist environmentalists so stupid they think requiring 2 additional conversions is better efficiency? And just how much energy is being wasted in building the batteries, the charging stations, and the infrastructure. And does anyone believe that the batteries will really last 20 years as the lunatic left claims? Not only is Obama destroying the American economy he is creating the biggest environmental hazard in the world. Is GE/MSNBC/Pravda designing batteries with the same care and intelligence they used to design the 6 Japanese reactors on the coast of Japan on an earthquake fault line, with the partially consumed fissionable nuclear waste stored on top of the reactors?
World Markets:
It is time for the USA to leave the IMF. The IMF has been giving away America’s future and the BRICS (emerging countries) are totally ungrateful. It is time for America to hunker down and stop support socialist governments around the world and get back to balancing the budget.
Mexican bond investors are paring inflation bets from a 14-month high after consumer prices rose less than forecast over the past two months.
Xinjiang Goldwind Science and Technology Co. won two orders for its wind turbines in the U.S., helping the Chinese manufacturer expand into the world’s second-biggest energy market.
The yen fell versus all of its major counterparts on speculation the Bank of Japan will signal this week it will maintain monetary stimulus QE policy.
US Market Highlights
Leading Indicators Mar fell to 0.4% from 0.8% last month.
FHFA Housing Price Index Feb fell -1.6% after declining -0.3% last month.
New Home Sales Mar rose to 300K from 270K last month but prices fell again.
Case-Sheller 20-city Index Feb down -3.33% after being down -3.10% last month
Consumer Confidence Apr rose to 65.4 from 63.8 last month. It is about half what it was in 2008.
Yesterday
MBA Mortgage Index 04/22 fell to -5.6 from 5.3 last month
Durable Orders Mar rose 2.5% after declining -0.6% last month
Durable Orders -ex Transportation Mar rose 1.3% after declining -0.3% last month
Crude Inventories 04/23 rose a record 6.156M after declining -2.322M last week.
FOMC Rate Decision Apr unchanged at 0.25%
This week
Apr 28 8:30 AM GDP-Adv. Q1
Apr 28 8:30 AM GDP Deflator Q1
Apr 28 8:30 AM Initial Claims 04/23
Apr 28 8:30 AM Continuing Claims 04/16
Apr 28 10:00 AM Pending Home Sales Mar
Apr 29 8:30 AM Personal Income Mar
Apr 29 8:30 AM Personal Spending Mar -
Apr 29 8:30 AM PCE Prices - Core Mar
Apr 29 8:30 AM Employment Cost Index Q1
Apr 29 9:45 AM Chicago PMI Apr
Apr 29 9:55 AM Michigan Sentiment - Final Apr
Market Outlook April 28, 2011
Market volume increased Wednesday while testing tops again. The VIX bottomed complacently low, a very bearish sign of overconfidence.
http://finance.yahoo.com/q/bc?s=^VIX&t=6m&l=on&z=m&q=l&c=
The stock market is continuing to test its head and shoulders. When adjust for the cash flow the market has topped out.
http://finance.yahoo.com/q/ta?s=%5EGSPC&t=1y&l=on&z=m&q=l&p=m50&a=m26-12-9&c=
World Markets
International trade shows that the world economy has only revived about 25% not the 60% shown by the stock and commodities markets. QE2 is creating the stock market and commodity. That means more than half of the stock market rise from the 2009 lows is unsupportable and could evaporate. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Asian markets were down last night. China down –1.3%, Hong Kong down –0.4%, India down -0.8%, and Japan up 1.6%.
European markets are spread this morning in a range of about –0.9% to +0.5% half way through their day.
US pre-market futures are flat today in a range of about 0% to 0.2 % at 6:30 AM EST.
Wednesday, April 27, 2011
NASA’s fate was signed more than 15 years ago when it began distorting analysis to support the man-created-global-warming fraud.
NASA’s fate was signed more than 15 years ago when it began distorting analysis to support the man-created-global-warming fraud. No scientists ever questioned that global warming followed the last ten ice ages. But the salient knowledge is that ice ages only started occurring about 1 million years ago because the earth has been cooling down for the last 500 million years… not warming. Before one million years ago there was no global warming (glaciers melting) because earth was so warm ices ages did not occur. Although the earth was cooling the earth was much warmer than today so there never was any glaciers to melt. Whereas 10,000 idiot-leftist scientists signed a petition supporting man-made global warming but so far 31487 competent scientists signed a petition saying it is a farce. The father of atomic power, Edward Teller is one of the many scientists who outnumber the incompetent lunatic left scientists by 3.1 to 1. NASA no longer has any credibility when it comes to the scientific method.
http://www.petitionproject.org/
The outlook on Japan’s local-currency debt rating, at AA-, the fourth-highest grade, was lowered from “stable,” to negative S&P announced. The company had reduced the rating by one step in January in the first cut since 2002. Moody’s Investors Service said last month the disaster might bring forward the “tipping point” for the country’s bond market.
Amazon posted first-quarter net income that came in well below Wall Street’s expectations.
Hackers stole personal info from playstation network. Sony has shut down the network and engaged an outside security firm to try and figure out what happened. 77 million PlayStation Network and Qriocity online service customers that their credit-card data, billing addresses and other personal information been stolen.
The problem with electric cars is not low weight but small size so passengers are de-capitated when they slide under conventional trucks and cars. Crashing electric cars into walls is not the same as crashing low heavy vehicles into high truck chassis. When an electric car crashes what happens to the chemicals within the broken batteries? Can the contents blind and disfigure people and is it not an environmental hazard? Don’t heavy batteries make the cars heavier and therefore require more energy to accelerate? While the car uses electricity not gasoline, isn’t most of the electricity that is used to charge the car coming from utility plants that burn coal? Isn’t converting coal (3 conversions) to AC electricity then to DC electricity and then to car power less efficient than converting gasoline directly to car power (1 conversion)? Are the leftist lunatics and leftist environmentalists so stupid they think requiring 2 additional conversions is better efficiency? And just how much energy is being wasted in building the batteries, the charging stations, and the infrastructure. And does anyone believe that the batteries will really last 20 years as the lunatic left claims? Not only is Obama destroying the American economy he is creating the biggest environmental hazard in the world. Is GE/MSNBC/Pravda designing batteries with the same care and intelligence they used to design the 6 Japanese reactors on the coast of Japan on an earthquake fault line, with the partially consumed fissionable nuclear waste stored on top of the reactors?
World Markets:
It is time for the USA to leave the IMF. The IMF has been giving away America’s future and the BRICS (emerging countries) are totally ungrateful. It is time for America to hunker down and stop support socialist governments around the world and get back to balancing the budget.
Mexican bond investors are paring inflation bets from a 14-month high after consumer prices rose less than forecast over the past two months.
Xinjiang Goldwind Science and Technology Co. won two orders for its wind turbines in the U.S., helping the Chinese manufacturer expand into the world’s second-biggest energy market.
The yen fell versus all of its major counterparts on speculation the Bank of Japan will signal this week it will maintain monetary stimulus QE policy.
US Market Highlights
Leading Indicators Mar fell to 0.4% from 0.8% last month.
FHFA Housing Price Index Feb fell -1.6% after declining -0.3% last month.
New Home Sales Mar rose to 300K from 270K last month but prices fell again.
Yesterday
Case-Sheller 20-city Index Feb down -3.33% after being down -3.10% last month
Consumer Confidence Apr rose to 65.4 from 63.8 last month. It is about half what it was in 2008.
This week
Apr 27 7:00 AM MBA Mortgage Index 04/22
Apr 27 8:30 AM Durable Orders Mar
Apr 27 8:30 AM Durable Orders -ex Transportation Mar
Apr 27 10:30 AM Crude Inventories 04/23
Apr 27 12:30 PM FOMC Rate Decision Apr -
Apr 27 2:15 PM FOMC Rate Decision Apr
Apr 28 8:30 AM GDP-Adv. Q1
Apr 28 8:30 AM GDP Deflator Q1
Apr 28 8:30 AM Initial Claims 04/23
Apr 28 8:30 AM Continuing Claims 04/16
Apr 28 10:00 AM Pending Home Sales Mar
Apr 29 8:30 AM Personal Income Mar
Apr 29 8:30 AM Personal Spending Mar -
Apr 29 8:30 AM PCE Prices - Core Mar
Apr 29 8:30 AM Employment Cost Index Q1
Apr 29 9:45 AM Chicago PMI Apr
Apr 29 9:55 AM Michigan Sentiment - Final Apr
Market Outlook April 27, 2011
Market volume increased Tuesday testing topping again. The VIX bottomed complacently low, a very bearish sign of overconfidence reversing.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=3m&l=on&z=m&q=l&c=
The stock market is continuing to test its head and shoulders. When adjust for the cash flow the market has topped out. http://finance.yahoo.com/q/ta?s=%5EGSPC&t=1y&l=on&z=m&q=l&p=m50&a=m26-12-9&c=
World Markets
International trade shows that the world economy has only revived about 25% not the 60% shown by the stock and commodities markets. QE2 is creating the stock market and commodity. That means more than half of the stock market rise from the 2009 lows is unsupportable and could evaporate. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Asian markets were mixed last night. China down –0.5%, Hong Kong down –0.5%, India down -0.5%, and Japan up 1.4%.
European markets are up slightly this morning in a range of about –0.1% to 0.5% half way through their day.
US pre-market futures are up today in a range of about 0.2% to 0.4 % at 6:30 AM EST.
http://www.petitionproject.org/
The outlook on Japan’s local-currency debt rating, at AA-, the fourth-highest grade, was lowered from “stable,” to negative S&P announced. The company had reduced the rating by one step in January in the first cut since 2002. Moody’s Investors Service said last month the disaster might bring forward the “tipping point” for the country’s bond market.
Amazon posted first-quarter net income that came in well below Wall Street’s expectations.
Hackers stole personal info from playstation network. Sony has shut down the network and engaged an outside security firm to try and figure out what happened. 77 million PlayStation Network and Qriocity online service customers that their credit-card data, billing addresses and other personal information been stolen.
The problem with electric cars is not low weight but small size so passengers are de-capitated when they slide under conventional trucks and cars. Crashing electric cars into walls is not the same as crashing low heavy vehicles into high truck chassis. When an electric car crashes what happens to the chemicals within the broken batteries? Can the contents blind and disfigure people and is it not an environmental hazard? Don’t heavy batteries make the cars heavier and therefore require more energy to accelerate? While the car uses electricity not gasoline, isn’t most of the electricity that is used to charge the car coming from utility plants that burn coal? Isn’t converting coal (3 conversions) to AC electricity then to DC electricity and then to car power less efficient than converting gasoline directly to car power (1 conversion)? Are the leftist lunatics and leftist environmentalists so stupid they think requiring 2 additional conversions is better efficiency? And just how much energy is being wasted in building the batteries, the charging stations, and the infrastructure. And does anyone believe that the batteries will really last 20 years as the lunatic left claims? Not only is Obama destroying the American economy he is creating the biggest environmental hazard in the world. Is GE/MSNBC/Pravda designing batteries with the same care and intelligence they used to design the 6 Japanese reactors on the coast of Japan on an earthquake fault line, with the partially consumed fissionable nuclear waste stored on top of the reactors?
World Markets:
It is time for the USA to leave the IMF. The IMF has been giving away America’s future and the BRICS (emerging countries) are totally ungrateful. It is time for America to hunker down and stop support socialist governments around the world and get back to balancing the budget.
Mexican bond investors are paring inflation bets from a 14-month high after consumer prices rose less than forecast over the past two months.
Xinjiang Goldwind Science and Technology Co. won two orders for its wind turbines in the U.S., helping the Chinese manufacturer expand into the world’s second-biggest energy market.
The yen fell versus all of its major counterparts on speculation the Bank of Japan will signal this week it will maintain monetary stimulus QE policy.
US Market Highlights
Leading Indicators Mar fell to 0.4% from 0.8% last month.
FHFA Housing Price Index Feb fell -1.6% after declining -0.3% last month.
New Home Sales Mar rose to 300K from 270K last month but prices fell again.
Yesterday
Case-Sheller 20-city Index Feb down -3.33% after being down -3.10% last month
Consumer Confidence Apr rose to 65.4 from 63.8 last month. It is about half what it was in 2008.
This week
Apr 27 7:00 AM MBA Mortgage Index 04/22
Apr 27 8:30 AM Durable Orders Mar
Apr 27 8:30 AM Durable Orders -ex Transportation Mar
Apr 27 10:30 AM Crude Inventories 04/23
Apr 27 12:30 PM FOMC Rate Decision Apr -
Apr 27 2:15 PM FOMC Rate Decision Apr
Apr 28 8:30 AM GDP-Adv. Q1
Apr 28 8:30 AM GDP Deflator Q1
Apr 28 8:30 AM Initial Claims 04/23
Apr 28 8:30 AM Continuing Claims 04/16
Apr 28 10:00 AM Pending Home Sales Mar
Apr 29 8:30 AM Personal Income Mar
Apr 29 8:30 AM Personal Spending Mar -
Apr 29 8:30 AM PCE Prices - Core Mar
Apr 29 8:30 AM Employment Cost Index Q1
Apr 29 9:45 AM Chicago PMI Apr
Apr 29 9:55 AM Michigan Sentiment - Final Apr
Market Outlook April 27, 2011
Market volume increased Tuesday testing topping again. The VIX bottomed complacently low, a very bearish sign of overconfidence reversing.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=3m&l=on&z=m&q=l&c=
The stock market is continuing to test its head and shoulders. When adjust for the cash flow the market has topped out. http://finance.yahoo.com/q/ta?s=%5EGSPC&t=1y&l=on&z=m&q=l&p=m50&a=m26-12-9&c=
World Markets
International trade shows that the world economy has only revived about 25% not the 60% shown by the stock and commodities markets. QE2 is creating the stock market and commodity. That means more than half of the stock market rise from the 2009 lows is unsupportable and could evaporate. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Asian markets were mixed last night. China down –0.5%, Hong Kong down –0.5%, India down -0.5%, and Japan up 1.4%.
European markets are up slightly this morning in a range of about –0.1% to 0.5% half way through their day.
US pre-market futures are up today in a range of about 0.2% to 0.4 % at 6:30 AM EST.
Tuesday, April 26, 2011
Obama now claims that illegal's who sneak across the Rio Grande River on the border with Mexico are no different than our forefathers.
Obama now claims that illegal's who sneak across the Rio Grande River on the border with Mexico are no different than our forefathers. The Mexican Special Forces that the CIA trained to help Mexico end the drug cartel have sold out to the drug cartel and are now create the worst violence in Mexico. There is a criminal lack of character being taught in the Mexican educational system and in many other violent areas of the world.
http://www.glennbeck.com/2011/04/25/obama-claims-those-who-came-to-america-by-illegally-crossing-rio-grande-same-as-those-who-came-to-ellis-island/
It has been reported that China, the largest foreign holder of U.S. debt, was lightening up on its holdings in U.S. treasury bonds. That could make it impossible for the FED to unwind QE2. If they start QE3 that will mean America is now addicted to QE and then Obama and George Soros will have succeeded in destroying the American economy and in creating the Obama-American Banana Republic. FED continued easing is no longer effective and is now causing inflation.
Bond-king Bill Gross, founder and manager of the giant PIMCO Total Return Fund said he was so concerned about U.S. debt that his fund had been selling U.S. treasuries from its holdings, and as of February was holding none.
When an electric car crashes what happens to the chemicals within the broken batteries? Can the contents blind and disfigure people and is it not an environmental hazard? Don’t heavy batteries make the cars heavier and therefore require more energy to accelerate? While the car uses electricity not gasoline, isn’t most of the electricity that is used to charge the car coming from utility plants that burn coal? Isn’t converting coal (3 conversions) to AC electricity then to DC electricity and then to car power less efficient than converting gasoline directly to car power (1 conversion)? Are the leftist lunatics and leftist environmentalists so stupid they think requiring 2 additional conversions is better efficiency? And just how much energy is being wasted in building the batteries, the charging stations, and the infrastructure. And does anyone believe that the batteries will really last 20 years as the lunatic left claims? Not only is Obama destroying the American economy he is creating the biggest environmental hazard in the world. Is GE/MSNBC/Pravda designing batteries with the same care and intelligence they used to design the 6 Japanese reactors on the coast of Japan on an earthquake fault line, with the partially consumed fissionable nuclear waste stored on top of the reactors?
It is time for the USA to leave the IMF. The IMF has been giving away America’s future and the BRICS (emerging countries) are totally ungrateful. It is time for America to hunker down and stop support socialist governments around the world and get back to balancing the budget.
World Markets:
Mexican bond investors are paring inflation bets from a 14-month high after consumer prices rose less than forecast over the past two months.
Xinjiang Goldwind Science and Technology Co. won two orders for its wind turbines in the U.S., helping the Chinese manufacturer expand into the world’s second-biggest energy market.
The yen fell versus all of its major counterparts on speculation the Bank of Japan will signal this week it will maintain monetary stimulus QE policy.
US Market Highlights
Leading Indicators Mar fell to 0.4% from 0.8% last month.
FHFA Housing Price Index Feb fell -1.6% after declining -0.3% last month.
Yesterday
New Home Sales Mar rose to 300K from 270K last month.
This week
Apr 26 9:00 AM Case-Shiller 20-city Index Feb
Apr 26 10:00 AM Consumer Confidence Apr
Apr 27 7:00 AM MBA Mortgage Index 04/22
Apr 27 8:30 AM Durable Orders Mar
Apr 27 8:30 AM Durable Orders -ex Transportation Mar
Apr 27 10:30 AM Crude Inventories 04/23
Apr 27 12:30 PM FOMC Rate Decision Apr -
Apr 27 2:15 PM FOMC Rate Decision Apr
Apr 28 8:30 AM GDP-Adv. Q1
Apr 28 8:30 AM GDP Deflator Q1
Apr 28 8:30 AM Initial Claims 04/23
Apr 28 8:30 AM Continuing Claims 04/16
Apr 28 10:00 AM Pending Home Sales Mar
Apr 29 8:30 AM Personal Income Mar
Apr 29 8:30 AM Personal Spending Mar -
Apr 29 8:30 AM PCE Prices - Core Mar
Apr 29 8:30 AM Employment Cost Index Q1
Apr 29 9:45 AM Chicago PMI Apr
Apr 29 9:55 AM Michigan Sentiment - Final Apr
Market Outlook April 26, 2011
Market volume declined another 20% Monday further indicating topping out is occurring. The VIX bottomed complacently low, a very bearish sign of overconfidence reversing.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=6m&l=on&z=m&q=l&c=
The stock market is continuing to test its head and shoulders now. The last time it bounced encouraging the buyers to jump in. Now the test is of the previous highs had so far failed. The fact that the DOW has led the market this year is a bearish sign because safety is the last refuge before a bear market. That is why gold is rising. People only buy gold when they think a disaster is around the corner.
http://finance.yahoo.com/q/ta?s=%5EGSPC&t=1y&l=on&z=m&q=l&p=m50&a=m26-12-9&c=
World Markets
International trade shows that the world economy has only revived about 25% not the 60% shown by the stock and commodities markets. QE2 is creating the stock market and commodity. That means more than half of the stock market rise from the 2009 lows is unsupportable and could evaporate. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Asian markets were down again last night. China down –0.9%, Hong Kong down –0.6%, India down -0.2%, and Japan down –1.2%.
European markets are up slightly this morning in a range of about –0.2% to 0.4% half way through their day.
US pre-market futures are up today in a range of about 0.2% to 0.4 % at 6:30 AM EST.
http://www.glennbeck.com/2011/04/25/obama-claims-those-who-came-to-america-by-illegally-crossing-rio-grande-same-as-those-who-came-to-ellis-island/
It has been reported that China, the largest foreign holder of U.S. debt, was lightening up on its holdings in U.S. treasury bonds. That could make it impossible for the FED to unwind QE2. If they start QE3 that will mean America is now addicted to QE and then Obama and George Soros will have succeeded in destroying the American economy and in creating the Obama-American Banana Republic. FED continued easing is no longer effective and is now causing inflation.
Bond-king Bill Gross, founder and manager of the giant PIMCO Total Return Fund said he was so concerned about U.S. debt that his fund had been selling U.S. treasuries from its holdings, and as of February was holding none.
When an electric car crashes what happens to the chemicals within the broken batteries? Can the contents blind and disfigure people and is it not an environmental hazard? Don’t heavy batteries make the cars heavier and therefore require more energy to accelerate? While the car uses electricity not gasoline, isn’t most of the electricity that is used to charge the car coming from utility plants that burn coal? Isn’t converting coal (3 conversions) to AC electricity then to DC electricity and then to car power less efficient than converting gasoline directly to car power (1 conversion)? Are the leftist lunatics and leftist environmentalists so stupid they think requiring 2 additional conversions is better efficiency? And just how much energy is being wasted in building the batteries, the charging stations, and the infrastructure. And does anyone believe that the batteries will really last 20 years as the lunatic left claims? Not only is Obama destroying the American economy he is creating the biggest environmental hazard in the world. Is GE/MSNBC/Pravda designing batteries with the same care and intelligence they used to design the 6 Japanese reactors on the coast of Japan on an earthquake fault line, with the partially consumed fissionable nuclear waste stored on top of the reactors?
It is time for the USA to leave the IMF. The IMF has been giving away America’s future and the BRICS (emerging countries) are totally ungrateful. It is time for America to hunker down and stop support socialist governments around the world and get back to balancing the budget.
World Markets:
Mexican bond investors are paring inflation bets from a 14-month high after consumer prices rose less than forecast over the past two months.
Xinjiang Goldwind Science and Technology Co. won two orders for its wind turbines in the U.S., helping the Chinese manufacturer expand into the world’s second-biggest energy market.
The yen fell versus all of its major counterparts on speculation the Bank of Japan will signal this week it will maintain monetary stimulus QE policy.
US Market Highlights
Leading Indicators Mar fell to 0.4% from 0.8% last month.
FHFA Housing Price Index Feb fell -1.6% after declining -0.3% last month.
Yesterday
New Home Sales Mar rose to 300K from 270K last month.
This week
Apr 26 9:00 AM Case-Shiller 20-city Index Feb
Apr 26 10:00 AM Consumer Confidence Apr
Apr 27 7:00 AM MBA Mortgage Index 04/22
Apr 27 8:30 AM Durable Orders Mar
Apr 27 8:30 AM Durable Orders -ex Transportation Mar
Apr 27 10:30 AM Crude Inventories 04/23
Apr 27 12:30 PM FOMC Rate Decision Apr -
Apr 27 2:15 PM FOMC Rate Decision Apr
Apr 28 8:30 AM GDP-Adv. Q1
Apr 28 8:30 AM GDP Deflator Q1
Apr 28 8:30 AM Initial Claims 04/23
Apr 28 8:30 AM Continuing Claims 04/16
Apr 28 10:00 AM Pending Home Sales Mar
Apr 29 8:30 AM Personal Income Mar
Apr 29 8:30 AM Personal Spending Mar -
Apr 29 8:30 AM PCE Prices - Core Mar
Apr 29 8:30 AM Employment Cost Index Q1
Apr 29 9:45 AM Chicago PMI Apr
Apr 29 9:55 AM Michigan Sentiment - Final Apr
Market Outlook April 26, 2011
Market volume declined another 20% Monday further indicating topping out is occurring. The VIX bottomed complacently low, a very bearish sign of overconfidence reversing.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=6m&l=on&z=m&q=l&c=
The stock market is continuing to test its head and shoulders now. The last time it bounced encouraging the buyers to jump in. Now the test is of the previous highs had so far failed. The fact that the DOW has led the market this year is a bearish sign because safety is the last refuge before a bear market. That is why gold is rising. People only buy gold when they think a disaster is around the corner.
http://finance.yahoo.com/q/ta?s=%5EGSPC&t=1y&l=on&z=m&q=l&p=m50&a=m26-12-9&c=
World Markets
International trade shows that the world economy has only revived about 25% not the 60% shown by the stock and commodities markets. QE2 is creating the stock market and commodity. That means more than half of the stock market rise from the 2009 lows is unsupportable and could evaporate. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Asian markets were down again last night. China down –0.9%, Hong Kong down –0.6%, India down -0.2%, and Japan down –1.2%.
European markets are up slightly this morning in a range of about –0.2% to 0.4% half way through their day.
US pre-market futures are up today in a range of about 0.2% to 0.4 % at 6:30 AM EST.
Monday, April 25, 2011
OBAMA QE2 is a disaster. Obama lied and said Japan never recovered because Japan never had Quantitative Easing.
Japan called Obama a liar and said they have had Quantitative Easing for the 20 years of their continuing recession. Only Japan apparently did not create inflation because Japan borrowed from their own people to fund QE so Japan’s debt is owed to itself. Obama is borrowing from China and Japan to provide welfare checks to the people who voted in the Obama socialists and that is just an insane Obama policy needed for Obama to get re-elected.
It’s been reported that China, the largest foreign holder of U.S. debt, was lightening up on its holdings in U.S. treasury bonds. That could make it impossible for the FED to unwind QE2.
Bond-king Bill Gross, founder and manager of the giant PIMCO Total Return Fund said he was so concerned about U.S. debt that his fund had been selling U.S. treasuries from its holdings, and as of February was holding none.
It is time for the USA to leave the IMF. The IMF has been giving away America’s future and the BRICS (emerging countries) are totally ungrateful.
World Markets:
China’s truckers went on strike over rising prices and wage pressure is now beginning.
Xinjiang Goldwind Science and Technology Co. won two orders for its wind turbines in the U.S., helping the Chinese manufacturer expand into the world’s second-biggest energy market.
The yen fell versus all of its major counterparts on speculation the Bank of Japan will signal this week it will maintain Japan's monetary stimulus QE policy.
US Market Highlights
Initial Claims 04/16 403K down slightly from last weeks 412K
Continuing Claims 04/09 were up again to 3695K from 3680K
Philadelphia Fed Apr fell to 18.5 from 43.4 indicating an economic slowdown.
Shipments and new orders fell. The new orders index took the hardest hit, declining from 40.3 in March to 18.8 in April. The shipments index fell from 34.9 in March to 29.1 in April while the unfilled backlogged orders index declined from 14.9 to 12.9. The economy is slowing while inflation is picking up. The odds are high that the shipments index will decelerate further next month. But while stagnating it is unlikely the economy will go negative next month.
Leading Indicators Mar fell to 0.4% from 0.8% last month.
FHFA Housing Price Index Feb fell -1.6% after declining -0.3% last month.
This week
Apr 25 10:00 AM New Home Sales Mar
Apr 26 9:00 AM Case-Shiller 20-city Index Feb
Apr 26 10:00 AM Consumer Confidence Apr
Apr 27 7:00 AM MBA Mortgage Index 04/22
Apr 27 8:30 AM Durable Orders Mar
Apr 27 8:30 AM Durable Orders -ex Transportation Mar
Apr 27 10:30 AM Crude Inventories 04/23
Apr 27 12:30 PM FOMC Rate Decision Apr -
Apr 27 2:15 PM FOMC Rate Decision Apr
Apr 28 8:30 AM GDP-Adv. Q1
Apr 28 8:30 AM GDP Deflator Q1
Apr 28 8:30 AM Initial Claims 04/23
Apr 28 8:30 AM Continuing Claims 04/16
Apr 28 10:00 AM Pending Home Sales Mar
Apr 29 8:30 AM Personal Income Mar
Apr 29 8:30 AM Personal Spending Mar -
Apr 29 8:30 AM PCE Prices - Core Mar
Apr 29 8:30 AM Employment Cost Index Q1
Apr 29 9:45 AM Chicago PMI Apr
Apr 29 9:55 AM Michigan Sentiment - Final Apr
Market Outlook April 25, 2011
Market volume declines 18% in Friday’s advance indicating another topping out is occurring. The VIX bottomed complacently low, a very bearish sign of overconfidence reversing.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=6m&l=on&z=m&q=l&c=
The stock market is continuing to test its head and shoulders now. This time it bounced encouraging the buyers to jump in. Now the test is of the previous highs. The fact that the DOW has led the market this year is a bearish sign because safety is the last refuge before a bear market. That is why gold is rising. People only buy gold when they think a disaster is around the corner.
http://finance.yahoo.com/q/ta?s=%5EGSPC&t=1y&l=on&z=m&q=l&p=m50&a=m26-12-9&c=
World Markets
International trade shows that the world economy has only revived about 25% not the 60% shown by the stock and commodities markets. QE2 is creating the stock market and commodity. That means more than half of the stock market rise from the 2009 lows is unsupportable and could evaporate. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Asian markets were down last night. China down –1.5%, Hong Kong up 1%, India down -0.1%, and Japan down -0.1%.
European markets are up slightly this morning in a range of about –0.2% to 0.4% half way through their day.
US pre-market futures are up today in a range of about 0.2% to 0.3 % at 6:30 AM EST.
Japan called Obama a liar and said they have had Quantitative Easing for the 20 years of their continuing recession. Only Japan apparently did not create inflation because Japan borrowed from their own people to fund QE so Japan’s debt is owed to itself. Obama is borrowing from China and Japan to provide welfare checks to the people who voted in the Obama socialists and that is just an insane Obama policy needed for Obama to get re-elected.
It’s been reported that China, the largest foreign holder of U.S. debt, was lightening up on its holdings in U.S. treasury bonds. That could make it impossible for the FED to unwind QE2.
Bond-king Bill Gross, founder and manager of the giant PIMCO Total Return Fund said he was so concerned about U.S. debt that his fund had been selling U.S. treasuries from its holdings, and as of February was holding none.
It is time for the USA to leave the IMF. The IMF has been giving away America’s future and the BRICS (emerging countries) are totally ungrateful.
World Markets:
China’s truckers went on strike over rising prices and wage pressure is now beginning.
Xinjiang Goldwind Science and Technology Co. won two orders for its wind turbines in the U.S., helping the Chinese manufacturer expand into the world’s second-biggest energy market.
The yen fell versus all of its major counterparts on speculation the Bank of Japan will signal this week it will maintain Japan's monetary stimulus QE policy.
US Market Highlights
Initial Claims 04/16 403K down slightly from last weeks 412K
Continuing Claims 04/09 were up again to 3695K from 3680K
Philadelphia Fed Apr fell to 18.5 from 43.4 indicating an economic slowdown.
Shipments and new orders fell. The new orders index took the hardest hit, declining from 40.3 in March to 18.8 in April. The shipments index fell from 34.9 in March to 29.1 in April while the unfilled backlogged orders index declined from 14.9 to 12.9. The economy is slowing while inflation is picking up. The odds are high that the shipments index will decelerate further next month. But while stagnating it is unlikely the economy will go negative next month.
Leading Indicators Mar fell to 0.4% from 0.8% last month.
FHFA Housing Price Index Feb fell -1.6% after declining -0.3% last month.
This week
Apr 25 10:00 AM New Home Sales Mar
Apr 26 9:00 AM Case-Shiller 20-city Index Feb
Apr 26 10:00 AM Consumer Confidence Apr
Apr 27 7:00 AM MBA Mortgage Index 04/22
Apr 27 8:30 AM Durable Orders Mar
Apr 27 8:30 AM Durable Orders -ex Transportation Mar
Apr 27 10:30 AM Crude Inventories 04/23
Apr 27 12:30 PM FOMC Rate Decision Apr -
Apr 27 2:15 PM FOMC Rate Decision Apr
Apr 28 8:30 AM GDP-Adv. Q1
Apr 28 8:30 AM GDP Deflator Q1
Apr 28 8:30 AM Initial Claims 04/23
Apr 28 8:30 AM Continuing Claims 04/16
Apr 28 10:00 AM Pending Home Sales Mar
Apr 29 8:30 AM Personal Income Mar
Apr 29 8:30 AM Personal Spending Mar -
Apr 29 8:30 AM PCE Prices - Core Mar
Apr 29 8:30 AM Employment Cost Index Q1
Apr 29 9:45 AM Chicago PMI Apr
Apr 29 9:55 AM Michigan Sentiment - Final Apr
Market Outlook April 25, 2011
Market volume declines 18% in Friday’s advance indicating another topping out is occurring. The VIX bottomed complacently low, a very bearish sign of overconfidence reversing.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=6m&l=on&z=m&q=l&c=
The stock market is continuing to test its head and shoulders now. This time it bounced encouraging the buyers to jump in. Now the test is of the previous highs. The fact that the DOW has led the market this year is a bearish sign because safety is the last refuge before a bear market. That is why gold is rising. People only buy gold when they think a disaster is around the corner.
http://finance.yahoo.com/q/ta?s=%5EGSPC&t=1y&l=on&z=m&q=l&p=m50&a=m26-12-9&c=
World Markets
International trade shows that the world economy has only revived about 25% not the 60% shown by the stock and commodities markets. QE2 is creating the stock market and commodity. That means more than half of the stock market rise from the 2009 lows is unsupportable and could evaporate. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Asian markets were down last night. China down –1.5%, Hong Kong up 1%, India down -0.1%, and Japan down -0.1%.
European markets are up slightly this morning in a range of about –0.2% to 0.4% half way through their day.
US pre-market futures are up today in a range of about 0.2% to 0.3 % at 6:30 AM EST.
Thursday, April 21, 2011
GE provides Americans with Placebo defense and security products.
GE provides Americans with Placebo defense and security products.
GE/MSNBC/Pravda has stopped covering the Obama deficit spending as homage to Obama efforts to make America a socialist nation. George Soros longs to make $Billions betting against America’s currency and GE is helping him.
GE only pays 3% in American taxes and 10% to 20% in foreign taxes. It was recently disclosed by “60 Minutes” that GE has moved many offices oversees and is hiring oversees and not in America. Of course GE is now a foreign socialist shill corporation set up to take American military contracts away from American corporations. Check out GE’s “Protect America” home security product that doesn’t work. I searched on “GE protect America complaints 2011” and got 51000 hits. Some of the complaints appear to be put out by GE to make Americans sound stupid. Those particular complaints make Americans sound like immigrants who don’t know English but people who have home security usually are well off and educated wit personal property they want to protect. Of course GE’s products do not work but they collect $29/mo on them anyway because no one discovers they do not work until their house is robbed or the system wakes them up every night for no reason.
GE sells Americans fake placebo products and we certainly do not want defective jet engines, security systems, and military equipment. GE provides Americans a Placebo defense system.
The FED is flooding the world with American dollars by printing dollars instead of borrowing the money from world creditors. What the fed is doing is competing with China and Japan to keep the competition for treasuries high so that the interest rates are low. It is beginning to appear as though most of the buying is now the USA and very soon none of the treasuries will be bought by foreign governments at these rates. If that happens then there would likely be hyperinflation and the silver and gold speculators will be made right. Since these dollars are flowing into the USA they show up a profits as long as labor costs stay low. Essentially the borrowed money is spent by people with no work ethic and goes to the bottom line of corporate profits creating a feeling that things are getting better when in fact the debt burden is getting precarious. This is no different from how people spent themselves into debt and lived lavishly until they went bankrupt.
The problem is that this cash has created a stock market bubble and a commodities bubble. In spite of high oil prices Saudi Arabia's oil minister said on Sunday the kingdom has slashed output by 800,000 barrels per day in March. Speculators are taking commodities off the market now to making fortunes on the mark-ups.
.Johnson & Johnson was the top performer on the Dow, with shares rising more than 3.5%, after the company reported better-than-expected sales and earnings. Goldman Sucks profit was down 21% from reported a year ago after paying a $1.64 billion preferred dividend to Warren Buffett’s Berkshire Hathaway Inc for his loan that rescued them. Market-making revenue fell 30%. Revenue from commodities, currency and fixed-income trading fell 28%. Goldman also took a $220 million hit related to its assets at Litton Loan Servicing.
Standard & Poors lowered the outlook on the United States' credit to "negative. The United States kept its AAA rating, but the downgrade means that S&P analysts believe there is at least a 33% chance that the agency will have to lower its credit rating on U.S. debt in the next two years. The report released Monday morning says that the United States has a large debt and deficit compared with other highly rated nations, and unlike with those other nations the path to addressing the debt and deficit is absent.
World Markets:
China’s truckers went on strike over rising prices and wage pressure is now beginning.
China’s Foreign Ministry spokesman Hong Lei said Tuesday. "U.S. government debt is a reflection of the U.S. government's credit, and is an important investment product for institutional investors in the U.S. and internationally," he said. "We hope the U.S. government earnestly adopts responsible policies and measures to protect the interests of investors."
European shares hit a three-week closing low on Monday.
Spain sold 12- and 18-month Treasury bills today, while Belgium auctioned bonds due in 2013, 2021 and 2041. German bonds gained on demand for safety.
European shares dropped to a three-week low in morning trade on Monday on lingering worries about indebted Euro zone countries. Finland’s election adds another leader opposed to bailouts. It is expected the market will have a long period of rangebound trade.
Greek two- and 10-year government bonds slumped, driving yields to the highest since before the introduction of the Euro amid concern the nation won’t be able to avoid defaulting on its debt.
US Market Highlights
Initial Claims 04/09 rose dramatically to 415K this week from 382K (corrected for Obama manipulation of 3K)
Continuing Claims 04/02 3695K almost unchanged from 3723K (corrected for Obama manipulation of 15K
NAHB Housing Market Index Apr declined again from 17 to now 16. Most of the 45% who pay no taxes live in subsidized housing so Obama doesn’t care if all that have a work ethic are stuck and cannot move because you can’t afford to sell your house at current depressed prices.
Housing Starts Mar 549K up from 512K
Building Permits Mar 594K up from 534K
Yesterday
MBA Mortgage Purchase Index 04/15 rose +5.3% after declining -6.7% last month
Existing Home Sales Mar were 5.10M up from 4.88M reported last month. But where?
Crude Inventories 04/16 are down -2.322M after being up 1.627M barrels last week. Saudis is cutting supplies as revolutions disrupt most of the mid-east.
This week
Apr 21 8:30 AM Initial Claims 04/16
Apr 21 8:30 AM Continuing Claims 04/16
Apr 21 10:00 AM Philadelphia Fed Apr
Apr 21 10:00 AM Leading Indicators Mar
Apr 21 10:00 AM FHFA Housing Price Index Feb
Market Outlook April 20, 2011
Market volume held in yesterday’s advance and the VIX remained complacently low, a bearish sign of overconfidence.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=5d&l=on&z=m&q=l&c=
The stock market is continuing to test its head and shoulders now. This time it bounced encouraging the buyers to jump in. Now the test is of the previous highs. The fact that the DOW has led the market this year is a bearish sign because safety is the last refuge before a bear market. That is why gold is rising. People only buy gold when they think a disaster is around the corner.
http://finance.yahoo.com/q/ta?s=%5EGSPC&t=1y&l=on&z=m&q=l&p=m50&a=m26-12-9&c=
World Markets
International trade shows that the world economy has only revived about 25% not the 60% shown by the stock and commodities markets. QE@ is creating the stock market and commodity bubbles and this time will take Bernacke by surprise because much of this inflation will be permanent. That means more than half of the stock market rise from the 2009 lows is unsupportable and could evaporate. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Asian markets were up last night. China up 0.7%, Hong Kong up 1.06%, India up 0.7%, and Japan up 0.8%.
European markets are up this morning in a range of about 0% to 1% half way through their day.
US pre-market futures are up today in a range of about 0.5% to 1.1 % at 7:00 AM EST.
GE/MSNBC/Pravda has stopped covering the Obama deficit spending as homage to Obama efforts to make America a socialist nation. George Soros longs to make $Billions betting against America’s currency and GE is helping him.
GE only pays 3% in American taxes and 10% to 20% in foreign taxes. It was recently disclosed by “60 Minutes” that GE has moved many offices oversees and is hiring oversees and not in America. Of course GE is now a foreign socialist shill corporation set up to take American military contracts away from American corporations. Check out GE’s “Protect America” home security product that doesn’t work. I searched on “GE protect America complaints 2011” and got 51000 hits. Some of the complaints appear to be put out by GE to make Americans sound stupid. Those particular complaints make Americans sound like immigrants who don’t know English but people who have home security usually are well off and educated wit personal property they want to protect. Of course GE’s products do not work but they collect $29/mo on them anyway because no one discovers they do not work until their house is robbed or the system wakes them up every night for no reason.
GE sells Americans fake placebo products and we certainly do not want defective jet engines, security systems, and military equipment. GE provides Americans a Placebo defense system.
The FED is flooding the world with American dollars by printing dollars instead of borrowing the money from world creditors. What the fed is doing is competing with China and Japan to keep the competition for treasuries high so that the interest rates are low. It is beginning to appear as though most of the buying is now the USA and very soon none of the treasuries will be bought by foreign governments at these rates. If that happens then there would likely be hyperinflation and the silver and gold speculators will be made right. Since these dollars are flowing into the USA they show up a profits as long as labor costs stay low. Essentially the borrowed money is spent by people with no work ethic and goes to the bottom line of corporate profits creating a feeling that things are getting better when in fact the debt burden is getting precarious. This is no different from how people spent themselves into debt and lived lavishly until they went bankrupt.
The problem is that this cash has created a stock market bubble and a commodities bubble. In spite of high oil prices Saudi Arabia's oil minister said on Sunday the kingdom has slashed output by 800,000 barrels per day in March. Speculators are taking commodities off the market now to making fortunes on the mark-ups.
.Johnson & Johnson was the top performer on the Dow, with shares rising more than 3.5%, after the company reported better-than-expected sales and earnings. Goldman Sucks profit was down 21% from reported a year ago after paying a $1.64 billion preferred dividend to Warren Buffett’s Berkshire Hathaway Inc for his loan that rescued them. Market-making revenue fell 30%. Revenue from commodities, currency and fixed-income trading fell 28%. Goldman also took a $220 million hit related to its assets at Litton Loan Servicing.
Standard & Poors lowered the outlook on the United States' credit to "negative. The United States kept its AAA rating, but the downgrade means that S&P analysts believe there is at least a 33% chance that the agency will have to lower its credit rating on U.S. debt in the next two years. The report released Monday morning says that the United States has a large debt and deficit compared with other highly rated nations, and unlike with those other nations the path to addressing the debt and deficit is absent.
World Markets:
China’s truckers went on strike over rising prices and wage pressure is now beginning.
China’s Foreign Ministry spokesman Hong Lei said Tuesday. "U.S. government debt is a reflection of the U.S. government's credit, and is an important investment product for institutional investors in the U.S. and internationally," he said. "We hope the U.S. government earnestly adopts responsible policies and measures to protect the interests of investors."
European shares hit a three-week closing low on Monday.
Spain sold 12- and 18-month Treasury bills today, while Belgium auctioned bonds due in 2013, 2021 and 2041. German bonds gained on demand for safety.
European shares dropped to a three-week low in morning trade on Monday on lingering worries about indebted Euro zone countries. Finland’s election adds another leader opposed to bailouts. It is expected the market will have a long period of rangebound trade.
Greek two- and 10-year government bonds slumped, driving yields to the highest since before the introduction of the Euro amid concern the nation won’t be able to avoid defaulting on its debt.
US Market Highlights
Initial Claims 04/09 rose dramatically to 415K this week from 382K (corrected for Obama manipulation of 3K)
Continuing Claims 04/02 3695K almost unchanged from 3723K (corrected for Obama manipulation of 15K
NAHB Housing Market Index Apr declined again from 17 to now 16. Most of the 45% who pay no taxes live in subsidized housing so Obama doesn’t care if all that have a work ethic are stuck and cannot move because you can’t afford to sell your house at current depressed prices.
Housing Starts Mar 549K up from 512K
Building Permits Mar 594K up from 534K
Yesterday
MBA Mortgage Purchase Index 04/15 rose +5.3% after declining -6.7% last month
Existing Home Sales Mar were 5.10M up from 4.88M reported last month. But where?
Crude Inventories 04/16 are down -2.322M after being up 1.627M barrels last week. Saudis is cutting supplies as revolutions disrupt most of the mid-east.
This week
Apr 21 8:30 AM Initial Claims 04/16
Apr 21 8:30 AM Continuing Claims 04/16
Apr 21 10:00 AM Philadelphia Fed Apr
Apr 21 10:00 AM Leading Indicators Mar
Apr 21 10:00 AM FHFA Housing Price Index Feb
Market Outlook April 20, 2011
Market volume held in yesterday’s advance and the VIX remained complacently low, a bearish sign of overconfidence.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=5d&l=on&z=m&q=l&c=
The stock market is continuing to test its head and shoulders now. This time it bounced encouraging the buyers to jump in. Now the test is of the previous highs. The fact that the DOW has led the market this year is a bearish sign because safety is the last refuge before a bear market. That is why gold is rising. People only buy gold when they think a disaster is around the corner.
http://finance.yahoo.com/q/ta?s=%5EGSPC&t=1y&l=on&z=m&q=l&p=m50&a=m26-12-9&c=
World Markets
International trade shows that the world economy has only revived about 25% not the 60% shown by the stock and commodities markets. QE@ is creating the stock market and commodity bubbles and this time will take Bernacke by surprise because much of this inflation will be permanent. That means more than half of the stock market rise from the 2009 lows is unsupportable and could evaporate. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Asian markets were up last night. China up 0.7%, Hong Kong up 1.06%, India up 0.7%, and Japan up 0.8%.
European markets are up this morning in a range of about 0% to 1% half way through their day.
US pre-market futures are up today in a range of about 0.5% to 1.1 % at 7:00 AM EST.
Wednesday, April 20, 2011
GM is now selling 10% below its IPO price and is a loss for the US Treasury
GM is now selling 10% below its IPO price and is a loss for the US Treasury
The FED is flooding the world with American dollars by printing dollars instead of borrowing the money from world creditors. What the fed is doing is competing with China and Japan to keep the competition for treasuries high so that the interest rates are low. It is beginning to appear as though most of the buying is now the USA and very soon none of the treasuries will be bought by foreign governments at these rates. If that happens then there would likely be hyperinflation and the silver and gold speculators will be made right. Since these dollars are flowing into the USA they show up a profits as long as labor costs stay low. Essentially the borrowed money is spent by people with no work ethic and goes to the bottom line of corporate profits creating a feeling that things are getting better when in fact the debt burden is getting precarious. This is no different from how people spent themselves into debt and lived lavishly until they went bankrupt.
The problem is that this cash has created a stock market bubble and a commodities bubble. In spite of high oil prices Saudi Arabia's oil minister said on Sunday the kingdom has slashed output by 800,000 barrels per day in March. Speculators are taking commodities off the market now to making fortunes on the mark-ups.
.Johnson & Johnson was the top performer on the Dow, with shares rising more than 3.5%, after the company reported better-than-expected sales and earnings. Goldman Sucks profit was down 21% from reported a year ago after paying a $1.64 billion preferred dividend to Warren Buffett’s Berkshire Hathaway Inc for his loan that rescued them. Market-making revenue fell 30%. Revenue from commodities, currency and fixed-income trading fell 28%. Goldman also took a $220 million hit related to its assets at Litton Loan Servicing.
The FED continues to buy treasuries to keep interest rates low by printing money to cover deficit spending. This hides the cost of debt until such time as the EU settles its deficit problem and then the focus of the creditors turns to the USA.
Standard & Poors lowered the outlook on the United States' credit to "negative. The United States kept its AAA rating, but the downgrade means that S&P analysts believe there is at least a 33% chance that the agency will have to lower its credit rating on U.S. debt in the next two years. The report released Monday morning says that the United States has a large debt and deficit compared with other highly rated nations, and unlike with those other nations the path to addressing the debt and deficit is absent.
Citigroup Earnings Fell 32%
Moody's Investors Service revised its outlook of Sears Holdings Corp downward from positive to stable citing the retailer's stagnant revenue and narrowing profit margins.
World Markets:
China’s Foreign Ministry spokesman Hong Lei said Tuesday. "U.S. government debt is a reflection of the U.S. government's credit, and is an important investment product for institutional investors in the U.S. and internationally," he said. "We hope the U.S. government earnestly adopts responsible policies and measures to protect the interests of investors." Immediately GE/MSNBC/Pravda stopped covering the Obama deficit spending. GE only pays 3% in American taxes and 10% to 20% in foreign taxes. It was recently disclosed by “60 Minutes” that GE has moved many offices oversees and is hiring oversees and not in America. Of course GE is now a foreign socialist shill corporation set up to take American military contracts away from American corporations. Check out GE’s “Protect America” home security product that doesn’t work. I searched on “GE protect America complaints 2011” and got 51000 hits. Some of the complaints appear to be put out by GE to make Americans sound stupid. This GE product does not work but they collect $29/mo on them anyway because no one discovers they do not work until their house is robbed or the system keeps going off every night for no reason. GE sells Americans fake placebo products and we certainly do not want defective jet engines, security systems, and military equipment.
European shares hit a three-week closing low on Monday.
Spain sold 12- and 18-month Treasury bills today, while Belgium auctioned bonds due in 2013, 2021 and 2041. German bonds gained on demand for safety.
European shares dropped to a three-week low in morning trade on Monday on lingering worries about indebted Euro zone countries. Finland’s election adds another leader opposed to bailouts. It is expected the market will have a long period of rangebound trade.
Greek two- and 10-year government bonds slumped, driving yields to the highest since before the introduction of the Euro amid concern the nation won’t be able to avoid defaulting on its debt.
US Market Highlights
Initial Claims 04/09 rose dramatically to 415K this week from 382K (corrected for Obama manipulation of 3K)
Continuing Claims 04/02 3695K almost unchanged from 3723K (corrected for Obama manipulation of 15K
NAHB Housing Market Index Apr declined again from 17 to now 16. Most of the 45% who pay no taxes live in subsidized housing so Obama doesn’t care if all that have a work ethic are stuck and cannot move because you can’t afford to sell your house at current depressed prices.
Housing Starts Mar 549K up from 512K
Building Permits Mar 594K up from 534K
Today
Apr 20 7:00 AM MBA Mortgage Purchase Index 04/15
Apr 20 10:00 AM Existing Home Sales Mar
Apr 20 10:30 AM Crude Inventories 04/16
This week
Apr 21 8:30 AM Initial Claims 04/16
Apr 21 8:30 AM Continuing Claims 04/16
Apr 21 10:00 AM Philadelphia Fed Apr
Apr 21 10:00 AM Leading Indicators Mar
Apr 21 10:00 AM FHFA Housing Price Index Feb
Market Outlook April 19, 2011
Market volume rose 15% with yesterday’s decline and the VIX rose initially and recovered half way.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=5d&l=on&z=m&q=l&c=
Structural imbalances continue in the economy.
The third economic dip is beginning but likely will only slow growth and not go negative.
The job market and housing problems are growing again. Oil prices are rising again.
The Obama tax code changes reduce the incentive for people to donate to the arts. Socialists want that to happen because that causes people to then want the federal government to fund the arts. That way the socialists and communists control the arts because capitalists cut FED funding.
The stock market is continuing to test its head and shoulders now. The markets all appear to be topping out.
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=
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 more than half of the stock market rise from the 2009 lows is unsupportable and could evaporate. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Asian markets were up last night. China up 0.3%, Hong Kong up 1.6%, India up 1.8%, and Japan up 1.8%.
European markets are up this morning in a range of about 1% to 2.4% half way through their day.
US pre-market futures are up about 1.1 % at 7:00 AM EST.
The FED is flooding the world with American dollars by printing dollars instead of borrowing the money from world creditors. What the fed is doing is competing with China and Japan to keep the competition for treasuries high so that the interest rates are low. It is beginning to appear as though most of the buying is now the USA and very soon none of the treasuries will be bought by foreign governments at these rates. If that happens then there would likely be hyperinflation and the silver and gold speculators will be made right. Since these dollars are flowing into the USA they show up a profits as long as labor costs stay low. Essentially the borrowed money is spent by people with no work ethic and goes to the bottom line of corporate profits creating a feeling that things are getting better when in fact the debt burden is getting precarious. This is no different from how people spent themselves into debt and lived lavishly until they went bankrupt.
The problem is that this cash has created a stock market bubble and a commodities bubble. In spite of high oil prices Saudi Arabia's oil minister said on Sunday the kingdom has slashed output by 800,000 barrels per day in March. Speculators are taking commodities off the market now to making fortunes on the mark-ups.
.Johnson & Johnson was the top performer on the Dow, with shares rising more than 3.5%, after the company reported better-than-expected sales and earnings. Goldman Sucks profit was down 21% from reported a year ago after paying a $1.64 billion preferred dividend to Warren Buffett’s Berkshire Hathaway Inc for his loan that rescued them. Market-making revenue fell 30%. Revenue from commodities, currency and fixed-income trading fell 28%. Goldman also took a $220 million hit related to its assets at Litton Loan Servicing.
The FED continues to buy treasuries to keep interest rates low by printing money to cover deficit spending. This hides the cost of debt until such time as the EU settles its deficit problem and then the focus of the creditors turns to the USA.
Standard & Poors lowered the outlook on the United States' credit to "negative. The United States kept its AAA rating, but the downgrade means that S&P analysts believe there is at least a 33% chance that the agency will have to lower its credit rating on U.S. debt in the next two years. The report released Monday morning says that the United States has a large debt and deficit compared with other highly rated nations, and unlike with those other nations the path to addressing the debt and deficit is absent.
Citigroup Earnings Fell 32%
Moody's Investors Service revised its outlook of Sears Holdings Corp downward from positive to stable citing the retailer's stagnant revenue and narrowing profit margins.
World Markets:
China’s Foreign Ministry spokesman Hong Lei said Tuesday. "U.S. government debt is a reflection of the U.S. government's credit, and is an important investment product for institutional investors in the U.S. and internationally," he said. "We hope the U.S. government earnestly adopts responsible policies and measures to protect the interests of investors." Immediately GE/MSNBC/Pravda stopped covering the Obama deficit spending. GE only pays 3% in American taxes and 10% to 20% in foreign taxes. It was recently disclosed by “60 Minutes” that GE has moved many offices oversees and is hiring oversees and not in America. Of course GE is now a foreign socialist shill corporation set up to take American military contracts away from American corporations. Check out GE’s “Protect America” home security product that doesn’t work. I searched on “GE protect America complaints 2011” and got 51000 hits. Some of the complaints appear to be put out by GE to make Americans sound stupid. This GE product does not work but they collect $29/mo on them anyway because no one discovers they do not work until their house is robbed or the system keeps going off every night for no reason. GE sells Americans fake placebo products and we certainly do not want defective jet engines, security systems, and military equipment.
European shares hit a three-week closing low on Monday.
Spain sold 12- and 18-month Treasury bills today, while Belgium auctioned bonds due in 2013, 2021 and 2041. German bonds gained on demand for safety.
European shares dropped to a three-week low in morning trade on Monday on lingering worries about indebted Euro zone countries. Finland’s election adds another leader opposed to bailouts. It is expected the market will have a long period of rangebound trade.
Greek two- and 10-year government bonds slumped, driving yields to the highest since before the introduction of the Euro amid concern the nation won’t be able to avoid defaulting on its debt.
US Market Highlights
Initial Claims 04/09 rose dramatically to 415K this week from 382K (corrected for Obama manipulation of 3K)
Continuing Claims 04/02 3695K almost unchanged from 3723K (corrected for Obama manipulation of 15K
NAHB Housing Market Index Apr declined again from 17 to now 16. Most of the 45% who pay no taxes live in subsidized housing so Obama doesn’t care if all that have a work ethic are stuck and cannot move because you can’t afford to sell your house at current depressed prices.
Housing Starts Mar 549K up from 512K
Building Permits Mar 594K up from 534K
Today
Apr 20 7:00 AM MBA Mortgage Purchase Index 04/15
Apr 20 10:00 AM Existing Home Sales Mar
Apr 20 10:30 AM Crude Inventories 04/16
This week
Apr 21 8:30 AM Initial Claims 04/16
Apr 21 8:30 AM Continuing Claims 04/16
Apr 21 10:00 AM Philadelphia Fed Apr
Apr 21 10:00 AM Leading Indicators Mar
Apr 21 10:00 AM FHFA Housing Price Index Feb
Market Outlook April 19, 2011
Market volume rose 15% with yesterday’s decline and the VIX rose initially and recovered half way.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=5d&l=on&z=m&q=l&c=
Structural imbalances continue in the economy.
The third economic dip is beginning but likely will only slow growth and not go negative.
The job market and housing problems are growing again. Oil prices are rising again.
The Obama tax code changes reduce the incentive for people to donate to the arts. Socialists want that to happen because that causes people to then want the federal government to fund the arts. That way the socialists and communists control the arts because capitalists cut FED funding.
The stock market is continuing to test its head and shoulders now. The markets all appear to be topping out.
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=
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 more than half of the stock market rise from the 2009 lows is unsupportable and could evaporate. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Asian markets were up last night. China up 0.3%, Hong Kong up 1.6%, India up 1.8%, and Japan up 1.8%.
European markets are up this morning in a range of about 1% to 2.4% half way through their day.
US pre-market futures are up about 1.1 % at 7:00 AM EST.
Tuesday, April 19, 2011
The fastest way to make hard working Americans incensed is to remind them that nearly half of U.S. households end up owing no federal income tax when
The fastest way to make hard working Americans incensed is to remind them that nearly half of U.S. households end up owing no federal income tax when all is said and done and most of them voted for Obama because he actually gave many of them a negative tax rate- a kickback for voting for him. When America was born you had to owne property and pay taxes if you wanted to vote. After that he gave them tax money in Chicago and Atlanta and other welfare cities to help pay their rent.
The FED continues to buy treasuries to keep interest rates low by printing money to cover deficit spending.
Standard & poor's lowered the outlook on the United States' credit to "negative. The United States kept its AAA rating, but the downgrade means that S&P analysts believe there is at least a 33% chance that the agency will have to lower its credit rating on U.S. debt in the next two years. The report released Monday morning says that the United States has a large debt and deficit compared with other highly rated nations, and unlike with those other nations the path to addressing the debt and deficit is absent.
Citigroup Earnings Fell 32%
Moody's Investors Service revised its outlook of Sears Holdings Corp. (SHLD) downward from positive to stable citing the retailer's stagnant revenue and narrowing profit margins.
In spite of high oil prices Saudi Arabia's oil minister said on Sunday the kingdom has slashed output by 800,000 barrels per day in March.
World Markets:
European shares hit a three-week closing low on Monday.
Spain sold 12- and 18-month Treasury bills today, while Belgium auctioned bonds due in 2013, 2021 and 2041. German bunds gained on demand for safety.
European shares dropped to a three-week low in morning trade on Monday on lingering worries about indebted euro zone countries. Finland’s election adds another leader opposed to bailouts. It is expected the market will have a long period of rangebound trade.
Greek two- and 10-year government bonds slumped, driving yields to the highest since before the introduction of the euro amid concern the nation won’t be able to avoid defaulting on its debt.
US Market Highlights
Initial Claims 04/09 rose dramatically to 415K this week from 382K (corrected for Obama manipulation of 3K)
Continuing Claims 04/02 3695K almost unchanged from 3723K (corrected for Obama manipulation of 15K
NAHB Housing Market Index Apr declined again from 17 to now 16. Most of the 45% who pay no taxes live in subsidized housing so Obama doesn’t care if all that have a work ethic are stuck and cannot move because you can’t afford to sell your house at current depressed prices.
Today
Apr 19 8:30 AM Housing Starts Mar
Apr 19 8:30 AM Building Permits Mar
This week
Apr 20 7:00 AM MBA Mortgage Purchase Index 04/15
Apr 20 10:00 AM Existing Home Sales Mar
Apr 20 10:30 AM Crude Inventories 04/16
Apr 21 8:30 AM Initial Claims 04/16
Apr 21 8:30 AM Continuing Claims 04/16
Apr 21 10:00 AM Philadelphia Fed Apr
Apr 21 10:00 AM Leading Indicators Mar
Apr 21 10:00 AM FHFA Housing Price Index Feb
Market Outlook April 19, 2011
GM is now selling 10% below its IPO price and is a loss for the US Treasury
Market volume rose 15% with yesterday’s decline and the VIX rose initially and recovered half way.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=5d&l=on&z=m&q=l&c=
Structural imbalances continue in the economy.
The third economic dip is beginning but likely will only slow growth and not go negative.
The job market and housing problems are growing again. Oil prices are rising again.
The Obama tax code changes reduce the incentive for people to donate to the arts. Socialists want that to happen because that causes people to then want the federal government to fund the arts. That way the socialists and communists control the arts because capitalists cut FED funding.
The stock market is continuing to test its head and shoulders now. The markets all appear to be topping out.
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=
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 more than half of the stock market rise from the 2009 lows is unsupportable and could evaporate. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Asian markets were down last night. China down –1.9%, Hong Kong down –1.3%, India up 0.16%, and Japan down -1.2%.
European markets are down sharply yesterday, France -2.4%, Germany –2.1%Swiss –2.4%, and Britain –2.1%.
European markets are up this morning in a range of about 0% to 1% half way through their day.
US pre-market futures are flat about -0.1 % at 6:30 AM EST.
The FED continues to buy treasuries to keep interest rates low by printing money to cover deficit spending.
Standard & poor's lowered the outlook on the United States' credit to "negative. The United States kept its AAA rating, but the downgrade means that S&P analysts believe there is at least a 33% chance that the agency will have to lower its credit rating on U.S. debt in the next two years. The report released Monday morning says that the United States has a large debt and deficit compared with other highly rated nations, and unlike with those other nations the path to addressing the debt and deficit is absent.
Citigroup Earnings Fell 32%
Moody's Investors Service revised its outlook of Sears Holdings Corp. (SHLD) downward from positive to stable citing the retailer's stagnant revenue and narrowing profit margins.
In spite of high oil prices Saudi Arabia's oil minister said on Sunday the kingdom has slashed output by 800,000 barrels per day in March.
World Markets:
European shares hit a three-week closing low on Monday.
Spain sold 12- and 18-month Treasury bills today, while Belgium auctioned bonds due in 2013, 2021 and 2041. German bunds gained on demand for safety.
European shares dropped to a three-week low in morning trade on Monday on lingering worries about indebted euro zone countries. Finland’s election adds another leader opposed to bailouts. It is expected the market will have a long period of rangebound trade.
Greek two- and 10-year government bonds slumped, driving yields to the highest since before the introduction of the euro amid concern the nation won’t be able to avoid defaulting on its debt.
US Market Highlights
Initial Claims 04/09 rose dramatically to 415K this week from 382K (corrected for Obama manipulation of 3K)
Continuing Claims 04/02 3695K almost unchanged from 3723K (corrected for Obama manipulation of 15K
NAHB Housing Market Index Apr declined again from 17 to now 16. Most of the 45% who pay no taxes live in subsidized housing so Obama doesn’t care if all that have a work ethic are stuck and cannot move because you can’t afford to sell your house at current depressed prices.
Today
Apr 19 8:30 AM Housing Starts Mar
Apr 19 8:30 AM Building Permits Mar
This week
Apr 20 7:00 AM MBA Mortgage Purchase Index 04/15
Apr 20 10:00 AM Existing Home Sales Mar
Apr 20 10:30 AM Crude Inventories 04/16
Apr 21 8:30 AM Initial Claims 04/16
Apr 21 8:30 AM Continuing Claims 04/16
Apr 21 10:00 AM Philadelphia Fed Apr
Apr 21 10:00 AM Leading Indicators Mar
Apr 21 10:00 AM FHFA Housing Price Index Feb
Market Outlook April 19, 2011
GM is now selling 10% below its IPO price and is a loss for the US Treasury
Market volume rose 15% with yesterday’s decline and the VIX rose initially and recovered half way.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=5d&l=on&z=m&q=l&c=
Structural imbalances continue in the economy.
The third economic dip is beginning but likely will only slow growth and not go negative.
The job market and housing problems are growing again. Oil prices are rising again.
The Obama tax code changes reduce the incentive for people to donate to the arts. Socialists want that to happen because that causes people to then want the federal government to fund the arts. That way the socialists and communists control the arts because capitalists cut FED funding.
The stock market is continuing to test its head and shoulders now. The markets all appear to be topping out.
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=
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 more than half of the stock market rise from the 2009 lows is unsupportable and could evaporate. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Asian markets were down last night. China down –1.9%, Hong Kong down –1.3%, India up 0.16%, and Japan down -1.2%.
European markets are down sharply yesterday, France -2.4%, Germany –2.1%Swiss –2.4%, and Britain –2.1%.
European markets are up this morning in a range of about 0% to 1% half way through their day.
US pre-market futures are flat about -0.1 % at 6:30 AM EST.
Monday, April 18, 2011
Finland’s euro-skeptic bloc won elections in Sunday’s election, as voters used the poll to protest against funding euro-region bailouts.
Finland’s euro-skeptic bloc won elections in Sunday’s election, as voters used the poll to protest against funding euro-region bailouts.
Crude oil for May up at $108.47 a barrel in electronic trading on the New York Mercantile Exchange. The more actively traded to $109.13.
World Markets:
Spain sold 12- and 18-month Treasury bills today, while Belgium auctioned bonds due in 2013, 2021 and 2041. German bunds gained on demand for safety.
European shares dropped to a three-week low in morning trade on Monday on lingering worries about indebted euro zone countries. Finland’s election adds another leader opposed to bailouts. It is expected the market will have a long period of rangebound trade.
Greek two- and 10-year government bonds slumped, driving yields to the highest since before the introduction of the euro amid concern the nation won’t be able to avoid defaulting on its debt.
Portuguese two- and 10-year yields reached new records again, even after Greek officials said restructuring isn’t being discussed.
US Market Highlights
Last Week
Initial Claims 04/09 rose dramatically to 415K this week from 382K (corrected for Obama manipulation of 3K)
Continuing Claims 04/02 3695K almost unchanged from 3723K (corrected for Obama manipulation of 15K
ProducerPriceIndex Mar rose 0.7% not as inflationary as last month’s 1.6%
Core PPI Mar rose 0.3% on target and similar to last month’s 0.2%
ConsumerPriceI March rose 0.5% again or at 6% per yr
Core CPI Mar rose 0.1% down from 0.2% last month, inflation only 1.2%?? who believes that?? Obama and Bernacke?
Empire Manufacturing Apr rose to 19.2% vs. 17.5 last month removing a 2.5 “Obama distortion.”
Net long-term TIC Flows Feb were 26.9 vs 51.5 last month. The TIC flows are one of the major events in the market, as most participants as the Government resource for offsetting the current Trade Deficit see it. A high reading is positive (or bullish) for the USD, while a low reading is negative (or bearish). It declines so it is bearish for the dollar that already has fallen to a ten-year record low.
Industrial Production Mar 0.8% up from 0.1% last month
Capacity Utilization Mar 77.3% up slightly from 77.0% with “Obama distortion”removed.
Mich Sentiment Apr 69.6 improved after falling to 67.5 last month.
Today
NAHB Housing Market Index Apr
This week
Apr 19 8:30 AM Housing Starts Mar
Apr 19 8:30 AM Building Permits Mar
Apr 20 7:00 AM MBA Mortgage Purchase Index 04/15
Apr 20 10:00 AM Existing Home Sales Mar
Apr 20 10:30 AM Crude Inventories 04/16
Apr 21 8:30 AM Initial Claims 04/16
Apr 21 8:30 AM Continuing Claims 04/16
Apr 21 10:00 AM Philadelphia Fed Apr
Apr 21 10:00 AM Leading Indicators Mar
Apr 21 10:00 AM FHFA Housing Price Index Feb
Market Outlook April 18, 2011
Market volume remained low in Friday’s slight advance but there was still little change in the VIX.
Structural imbalances continue in the economy.
The third economic dip is beginning but likely will only slow growth and not go negative.
The job market and housing problems are growing again. Oil prices are rising again.
The Obama tax code changes reduce the incentive for people to donate to the arts. Socialists want that to happen because that cause people to then want the federal government to fund the arts. That way the socialists and communists control the arts because capitalists cut FED funding.
The stock market is continuing to test its head and shoulders now. The markets all appear to be topping out.
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=
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 more than half of the stock market rise from the 2009 lows is unsupportable and could evaporate. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Asian markets were down last night. China up 0.2%, Hong Kong down –0.7%, India down –1.5%, and Japan down -0.4%.
European markets are down sharply this morning in a range of about –1% to -1.8% half way through their day.
US pre-market futures are down about -0.7 % at 7:30 AM EST.
Crude oil for May up at $108.47 a barrel in electronic trading on the New York Mercantile Exchange. The more actively traded to $109.13.
World Markets:
Spain sold 12- and 18-month Treasury bills today, while Belgium auctioned bonds due in 2013, 2021 and 2041. German bunds gained on demand for safety.
European shares dropped to a three-week low in morning trade on Monday on lingering worries about indebted euro zone countries. Finland’s election adds another leader opposed to bailouts. It is expected the market will have a long period of rangebound trade.
Greek two- and 10-year government bonds slumped, driving yields to the highest since before the introduction of the euro amid concern the nation won’t be able to avoid defaulting on its debt.
Portuguese two- and 10-year yields reached new records again, even after Greek officials said restructuring isn’t being discussed.
US Market Highlights
Last Week
Initial Claims 04/09 rose dramatically to 415K this week from 382K (corrected for Obama manipulation of 3K)
Continuing Claims 04/02 3695K almost unchanged from 3723K (corrected for Obama manipulation of 15K
ProducerPriceIndex Mar rose 0.7% not as inflationary as last month’s 1.6%
Core PPI Mar rose 0.3% on target and similar to last month’s 0.2%
ConsumerPriceI March rose 0.5% again or at 6% per yr
Core CPI Mar rose 0.1% down from 0.2% last month, inflation only 1.2%?? who believes that?? Obama and Bernacke?
Empire Manufacturing Apr rose to 19.2% vs. 17.5 last month removing a 2.5 “Obama distortion.”
Net long-term TIC Flows Feb were 26.9 vs 51.5 last month. The TIC flows are one of the major events in the market, as most participants as the Government resource for offsetting the current Trade Deficit see it. A high reading is positive (or bullish) for the USD, while a low reading is negative (or bearish). It declines so it is bearish for the dollar that already has fallen to a ten-year record low.
Industrial Production Mar 0.8% up from 0.1% last month
Capacity Utilization Mar 77.3% up slightly from 77.0% with “Obama distortion”removed.
Mich Sentiment Apr 69.6 improved after falling to 67.5 last month.
Today
NAHB Housing Market Index Apr
This week
Apr 19 8:30 AM Housing Starts Mar
Apr 19 8:30 AM Building Permits Mar
Apr 20 7:00 AM MBA Mortgage Purchase Index 04/15
Apr 20 10:00 AM Existing Home Sales Mar
Apr 20 10:30 AM Crude Inventories 04/16
Apr 21 8:30 AM Initial Claims 04/16
Apr 21 8:30 AM Continuing Claims 04/16
Apr 21 10:00 AM Philadelphia Fed Apr
Apr 21 10:00 AM Leading Indicators Mar
Apr 21 10:00 AM FHFA Housing Price Index Feb
Market Outlook April 18, 2011
Market volume remained low in Friday’s slight advance but there was still little change in the VIX.
Structural imbalances continue in the economy.
The third economic dip is beginning but likely will only slow growth and not go negative.
The job market and housing problems are growing again. Oil prices are rising again.
The Obama tax code changes reduce the incentive for people to donate to the arts. Socialists want that to happen because that cause people to then want the federal government to fund the arts. That way the socialists and communists control the arts because capitalists cut FED funding.
The stock market is continuing to test its head and shoulders now. The markets all appear to be topping out.
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=
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 more than half of the stock market rise from the 2009 lows is unsupportable and could evaporate. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Asian markets were down last night. China up 0.2%, Hong Kong down –0.7%, India down –1.5%, and Japan down -0.4%.
European markets are down sharply this morning in a range of about –1% to -1.8% half way through their day.
US pre-market futures are down about -0.7 % at 7:30 AM EST.
Friday, April 15, 2011
Who is John Galt? America apparently is being destroyed with leftist propaganda in universities.
Who is John Galt? America apparently is being destroyed with leftist propaganda in universities. Atlas Shrugged opens at theaters.
http://www.youtube.com/watch?v=s1RxKW-P5V8&feature=related
http://www.youtube.com/watch?v=oTf6NK0wsiA&NR=1
http://www.youtube.com/watch?v=2uHSv1asFvU&NR=1
http://www.youtube.com/watch?v=e7CjdJ1QyxI&feature=related
http://www.youtube.com/watch?v=3tNheAEHprI&feature=related
http://www.atlasshruggedpart1.com/atlas-shrugged-movie-scene-dagny-confronts-union
http://www.atlasshruggedpart1.com/?gclid=CMy-kfPDnKgCFUff4AodBROUHg
QE1/2 temporarily improved the corporate balance sheets and by raising stock prices created a wealth effect by raising values of bank and individual investment portfolio’s. It ended the deflationary spiral and temporarily stimulated the economy but a continuation will accelerate temporary inflation as it already has started to do. The USA could not absorb all the money QE2 created and the USA is starting to cause temporary worldwide inflation via the temporary stockpiling of gold and commodities. QE2 will phase out soon. It is now highly likely that the Obama’s communist style fraudulent moving of bad news backwards is likely to result in a surprise that will shock the stock market. The FED will have to announce that the 4% improvement they predicted for the first quarter is now lower than the last 4th quarter and it could be as low as 2%. Recently they have dropped the 4th quarter numbers so they can quickly inflate the 1st quarter numbers. Again Obama deceives the world pretending today’s bad news happened in the past and thus thing look better now. We are entering a triple dip now primarily because Obama has ignored the housing sector because to him anyone who makes $50K/yr and owns a home is wealthy compared to his homelands of Nigeria and Indonesia. Obama is psychologically an illegal immigrant. He knows he is not a real American and that is why he sides with Ortega and other socialist tyrants who criticize America.
The House passed legislation 260-167 on Thursday to finance the federal government through the end of the fiscal year in September. The deal calls for $38 billion in spending cuts over the next 5 months. The next fiscal year begins in October.
World Markets:
The world needs to make room for China if China is going to be able to continue to grow. That will cause stresses in other world economies. China and Japan re-liquefy their banking systems on the backs of their people. Highly intelligent poor people have enormous savings rates. In the USA the Chinese immigrants rose rapidly because the USA gave them the market interest rates. But China is following the Japanese technique of keeping internal interest rates low and exploiting the high savings rate of their people to finance new projects.
Fitch Ratings lowered its outlook on China’s AA- long-term local-currency rating to “negative” from “stable,” citing a “high likelihood of a significant deterioration” in banks’ asset quality within three years. Bad loans could rise to 15 percent to 30 percent of the total, with concern at the quality of lending compounded by growth in off-balance-sheet credit, Fitch said. Chinese banks extended 7.95 trillion yuan ($1.2 trillion) of new loans last year, while the government claimed they were tightening credit.
The yen weakened against all 16 of its major peers, while China’s yuan climbed to a 17-year high versus the dollar. The interest the US pays in on the five-year Treasury debt jumped three basis points.
Lisbon asks $116 Billion Portuguese Bailout.
Under Jimmy Carter, gold rose to over $800/oz. But by 1999 gold fell back below $290/oz again. Now it is about $1470/oz. We need to warn you now to liquidate gold and silver when it has run up, not after it drops quickly back to about $400 and $8 respectively. Ending QE2 will deflate all metals prices.
.
Canadian job hiring took a pause.
Ireland's ratings were lowered again. Inflation in China and India is not yet in control.
Inflation in India and China is getting out of limits. Gasoline and fuel oil prices doubled under Obama but he and Bernacke say inflation is less than 2.5%. Only morons still believe that.
US Market Highlights
Latest reports
Trade Balance Feb -$45.8B relative holding from last months -$46.3
Export Prices ex-ag. Mar rose 1.3% up from last month’s 0.9%
Import Prices ex-oil Mar inflation doubled to 0.6 from last month’s 0.3% rise.
Treasury Budget Mar -$188.2B triple the Obama deficit growth rate from -$65.4B last month
MBA Mortgage Index 04/08 fell -6.7% three times as bad as last week.
Retail Sales Mar were up 0.1% compared to 1.0% last month because gas prices ate up 0.3%.
Retail Sales ex-auto Mar up 0.5% compared to 0.7% last month correcting for gasoline prices.
Business Inventories Feb increased another 0.5% on last months increase of % 0.9%.
Crude Inventories 04/09 were at 1.627M down slightly from 1.952M last week.
Fed's Beige Book Apr indicates QE2 will slowly be phased out.
Yesterday
Initial Claims 04/09 rose dramatically to 415K this week from 382K (corrected for Obama manipulation of 3K)
Continuing Claims 04/02 3695K almost unchanged from 3723K (corrected for Obama manipulation of 15K
ProducerPriceIndex Mar rose 0.7% not as inflationary as last month’s 1.6%
Core PPI Mar rose 0.3% on target and similar to last month’s 0.2%
This week
Apr 15 8:30 AM CPI Mar
Apr 15 8:30 AM Core CPI Mar
Apr 15 8:30 AM Empire Manufacturing Apr
Apr 15 9:00 AM Net Long-Term TIC Flows Feb
Apr 15 9:15 AM Industrial Production Mar
Apr 15 9:15 AM Capacity Utilization Mar
Apr 15 9:55 AM Mich Sentiment Apr
Market Outlook April 15, 2011
Market volume dropped on yesterday’s slight advance but there was still little change in the VIX.
Structural imbalances continue in the economy. The third economic dip is beginning but likely will only slow growth and not go negative.
The job market and housing problems are growing again. Oil prices are rising again.
QE2 is destroying the incentive for Americans to save and should be ended now before we have 20-30 years of Japanese style stagnation.
The stock market is continuing to test its head and shoulders now. The markets all appear to be topping out. To us it looks like the 47dma is no longer a support level but instead has become the resistance level for a topping trend (head and shoulders) line. A drop now below 1305 (-0.4%) will be a sell signal for traders to sell.
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.
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 more than half of the stock market rise from the 2009 lows is unsupportable and could evaporate. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Asian markets were down last night. China up -0.3%, India down –1.6%, Taiwan down -1%, and Japan down -0.7%.
European markets are flat this morning in a range of about –0.3% to +0.5% half way through their day.
US pre-market futures are down about -0.2 % at 6:30 AM EST.
http://www.youtube.com/watch?v=s1RxKW-P5V8&feature=related
http://www.youtube.com/watch?v=oTf6NK0wsiA&NR=1
http://www.youtube.com/watch?v=2uHSv1asFvU&NR=1
http://www.youtube.com/watch?v=e7CjdJ1QyxI&feature=related
http://www.youtube.com/watch?v=3tNheAEHprI&feature=related
http://www.atlasshruggedpart1.com/atlas-shrugged-movie-scene-dagny-confronts-union
http://www.atlasshruggedpart1.com/?gclid=CMy-kfPDnKgCFUff4AodBROUHg
QE1/2 temporarily improved the corporate balance sheets and by raising stock prices created a wealth effect by raising values of bank and individual investment portfolio’s. It ended the deflationary spiral and temporarily stimulated the economy but a continuation will accelerate temporary inflation as it already has started to do. The USA could not absorb all the money QE2 created and the USA is starting to cause temporary worldwide inflation via the temporary stockpiling of gold and commodities. QE2 will phase out soon. It is now highly likely that the Obama’s communist style fraudulent moving of bad news backwards is likely to result in a surprise that will shock the stock market. The FED will have to announce that the 4% improvement they predicted for the first quarter is now lower than the last 4th quarter and it could be as low as 2%. Recently they have dropped the 4th quarter numbers so they can quickly inflate the 1st quarter numbers. Again Obama deceives the world pretending today’s bad news happened in the past and thus thing look better now. We are entering a triple dip now primarily because Obama has ignored the housing sector because to him anyone who makes $50K/yr and owns a home is wealthy compared to his homelands of Nigeria and Indonesia. Obama is psychologically an illegal immigrant. He knows he is not a real American and that is why he sides with Ortega and other socialist tyrants who criticize America.
The House passed legislation 260-167 on Thursday to finance the federal government through the end of the fiscal year in September. The deal calls for $38 billion in spending cuts over the next 5 months. The next fiscal year begins in October.
World Markets:
The world needs to make room for China if China is going to be able to continue to grow. That will cause stresses in other world economies. China and Japan re-liquefy their banking systems on the backs of their people. Highly intelligent poor people have enormous savings rates. In the USA the Chinese immigrants rose rapidly because the USA gave them the market interest rates. But China is following the Japanese technique of keeping internal interest rates low and exploiting the high savings rate of their people to finance new projects.
Fitch Ratings lowered its outlook on China’s AA- long-term local-currency rating to “negative” from “stable,” citing a “high likelihood of a significant deterioration” in banks’ asset quality within three years. Bad loans could rise to 15 percent to 30 percent of the total, with concern at the quality of lending compounded by growth in off-balance-sheet credit, Fitch said. Chinese banks extended 7.95 trillion yuan ($1.2 trillion) of new loans last year, while the government claimed they were tightening credit.
The yen weakened against all 16 of its major peers, while China’s yuan climbed to a 17-year high versus the dollar. The interest the US pays in on the five-year Treasury debt jumped three basis points.
Lisbon asks $116 Billion Portuguese Bailout.
Under Jimmy Carter, gold rose to over $800/oz. But by 1999 gold fell back below $290/oz again. Now it is about $1470/oz. We need to warn you now to liquidate gold and silver when it has run up, not after it drops quickly back to about $400 and $8 respectively. Ending QE2 will deflate all metals prices.
.
Canadian job hiring took a pause.
Ireland's ratings were lowered again. Inflation in China and India is not yet in control.
Inflation in India and China is getting out of limits. Gasoline and fuel oil prices doubled under Obama but he and Bernacke say inflation is less than 2.5%. Only morons still believe that.
US Market Highlights
Latest reports
Trade Balance Feb -$45.8B relative holding from last months -$46.3
Export Prices ex-ag. Mar rose 1.3% up from last month’s 0.9%
Import Prices ex-oil Mar inflation doubled to 0.6 from last month’s 0.3% rise.
Treasury Budget Mar -$188.2B triple the Obama deficit growth rate from -$65.4B last month
MBA Mortgage Index 04/08 fell -6.7% three times as bad as last week.
Retail Sales Mar were up 0.1% compared to 1.0% last month because gas prices ate up 0.3%.
Retail Sales ex-auto Mar up 0.5% compared to 0.7% last month correcting for gasoline prices.
Business Inventories Feb increased another 0.5% on last months increase of % 0.9%.
Crude Inventories 04/09 were at 1.627M down slightly from 1.952M last week.
Fed's Beige Book Apr indicates QE2 will slowly be phased out.
Yesterday
Initial Claims 04/09 rose dramatically to 415K this week from 382K (corrected for Obama manipulation of 3K)
Continuing Claims 04/02 3695K almost unchanged from 3723K (corrected for Obama manipulation of 15K
ProducerPriceIndex Mar rose 0.7% not as inflationary as last month’s 1.6%
Core PPI Mar rose 0.3% on target and similar to last month’s 0.2%
This week
Apr 15 8:30 AM CPI Mar
Apr 15 8:30 AM Core CPI Mar
Apr 15 8:30 AM Empire Manufacturing Apr
Apr 15 9:00 AM Net Long-Term TIC Flows Feb
Apr 15 9:15 AM Industrial Production Mar
Apr 15 9:15 AM Capacity Utilization Mar
Apr 15 9:55 AM Mich Sentiment Apr
Market Outlook April 15, 2011
Market volume dropped on yesterday’s slight advance but there was still little change in the VIX.
Structural imbalances continue in the economy. The third economic dip is beginning but likely will only slow growth and not go negative.
The job market and housing problems are growing again. Oil prices are rising again.
QE2 is destroying the incentive for Americans to save and should be ended now before we have 20-30 years of Japanese style stagnation.
The stock market is continuing to test its head and shoulders now. The markets all appear to be topping out. To us it looks like the 47dma is no longer a support level but instead has become the resistance level for a topping trend (head and shoulders) line. A drop now below 1305 (-0.4%) will be a sell signal for traders to sell.
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.
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 more than half of the stock market rise from the 2009 lows is unsupportable and could evaporate. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Asian markets were down last night. China up -0.3%, India down –1.6%, Taiwan down -1%, and Japan down -0.7%.
European markets are flat this morning in a range of about –0.3% to +0.5% half way through their day.
US pre-market futures are down about -0.2 % at 6:30 AM EST.
Thursday, April 14, 2011
The world needs to make room for China if China is going to be able to continue to grow.
The world needs to make room for China if China is going to be able to continue to grow. That will cause stresses in other world economies. China and Japan re-liquefy their banking systems on the backs of their people. Highly intelligent poor people have enormous savings rates. In the USA the Chinese immigrants rose rapidly because the USA gave them the market interest rates. But China is following the Japanese technique of keeping internal interest rates low and exploiting the high savings rate of their people to finance new projects. Eventually China will have to relax on private property. Perhaps there is a solution to that. Perhaps if they tie property to single individuals and the property reverts to the state when the individual expires would be a solution. That is effectively what happens in free economies with estate inheritance taxes that return part of the value of the property back to the state. In reality, the benefit of the right to own property exists only during our lifetime and more often than not the next generation squanders all the value. China should consider private ownership limited to the life of the owner as at least a starting point. This is a second way to raise capital by selling property and then recovering the property upon death. It would essentially be a lifetime rental agreement and then the state takes back the property. But then it is likely that the private owners would allow the property to depreciate. Using the private owner’s money to restore the property before the children inherit anything could stop that.
It is now highly likely that the Obama’s communist style fraudulent moving of bad news backwards is likely to result in a surprise that will shock the stock market. The FED will have to announce that the 4% improvement they predicted for the first quarter is now lower than the last 4th quarter and it could be as low as 2%. Recently they have dropped the 4th quarter numbers so they can quickly inflate the 1st quarter numbers. Again Obama deceives the world pretending today’s bad news happened in the past. We are entering a triple dip now primarily because Obama has ignored the housing sector because to him anyone who makes $50K/yr is wealthy compared to his homelands of Nigeria and Indonesia. Obama is psychologically an illegal immigrant. He knows he is not a real American and that is why he sides with Ortega and other socialist tyrants who criticize America.
Egypt’s public prosecutor ordered the detention of former President Hosni Mubarak for 15 days while he is being investigated as part of a corruption probe.
Obama voted against raising the debt limit while he was in the senate, the deficit was under control and a Republican asked for it. Now Obama’s deficit is out of control due to flooding his welfare-voting constituency with money. 6% of Americans now pay all the cost of government for the 50% of Obama voters who pay no taxes. The next 44% of Americans pay for themselves. The Obama 50% are the cause of the national deficit. Education does not seem to help Obama’s constituency. It that continues there will be another American Revolution and Obama’s voting constituency will have no voting rights. When America was created you had to work and contribute to American prosperity to have a right to vote. Lazy people and criminals had not right to vote. Women worked for their family not in the national work force so they did not vote either. America may have to take away the voting rights of criminals and lazy people again so incompetent presidents, judges, and legislators can be removed from office.
World Markets:
Today Squawk Box was kidding around and saying China may be the 51st state ahead of Puerto Rico. The USA is a Republic so China would have only two votes in the Senate but a majority in the House of Representatives.
Fitch Ratings lowered its outlook on China’s AA- long-term local-currency rating to “negative” from “stable,” citing a “high likelihood of a significant deterioration” in banks’ asset quality within three years. Bad loans could rise to 15 percent to 30 percent of the total, with concern at the quality of lending compounded by growth in off-balance-sheet credit, Fitch said. Chinese banks extended 7.95 trillion yuan ($1.2 trillion) of new loans last year, while the government claimed they were tightening credit.
The yen weakened against all 16 of its major peers, while China’s yuan climbed to a 17-year high versus the dollar. The interest the US pays in on the five-year Treasury debt jumped three basis points.
Lisbon asks $116 Billion Portuguese Bailout.
Japan’s Nuclear and Industrial Safety Agency lifted the rating level to 7 from 5 on the global scale, the same as the 1979 partial reactor meltdown at Three Mile Island in Pennsylvania. Japan’s nuclear crisis may be raised to the highest level of severity, matching Chernobyl’s rating, as increasing radiation prompts the government to widen the evacuation zone.
Under Jimmy Carter, gold rose to over $800/oz. But by 1999 gold fell back below $290/oz again. Now it is about $1470/oz. We need to warn you now to liquidate gold and silver when it has run up, not after it drops quickly back to about $400 and $8 respectively. Ending QE2 will deflate all metals prices.
Canadian job hiring took a pause.
Ireland's ratings were lowered again. Inflation in China and India is not yet in control.
Inflation in India and China is getting out of limits. Gasoline and fuel oil prices doubled under Obama but he and Bernacke say inflation is less than 2.5%. Only morons still believe that.
US Market Highlights
Latest reports
Trade Balance Feb -$45.8B relative holding from last months -$46.3
Export Prices ex-ag. Mar rose 1.3% up from last month’s 0.9%
Import Prices ex-oil Mar inflation doubled to 0.6 from last month’s 0.3% rise.
Treasury Budget Mar -$188.2B triple the Obama deficit growth rate from -$65.4B last month
Yesterday
MBA Mortgage Index 04/08 fell -6.7% three times as bad as last week.
Retail Sales Mar were up 0.1% compared to 1.0% last month because gas prices ate up 0.3%.
Retail Sales ex-auto Mar up 0.5% compared to 0.7% last month correcting for gasoline prices.
Business Inventories Feb increased another 0.5% on last months increase of % 0.9%.
Crude Inventories 04/09 were at 1.627M down slightly from 1.952M last week.
Fed's Beige Book Apr indicates QE2 will slowly be phased out.
This week
Read more: http://www.briefing.com/Investor/Public/Calendars/EconomicCalendar.htm#ixzz1JRQ2uZfF
Apr 14 8:30 AM Initial Claims 04/09
Apr 14 8:30 AM Continuing Claims 04/02
Apr 14 8:30 AM PPI Mar
Apr 14 8:30 AM Core PPI Mar
Apr 15 8:30 AM CPI Mar
Apr 15 8:30 AM Core CPI Mar
Apr 15 8:30 AM Empire Manufacturing Apr
Apr 15 9:00 AM Net Long-Term TIC Flows Feb
Apr 15 9:15 AM Industrial Production Mar
Apr 15 9:15 AM Capacity Utilization Mar
Apr 15 9:55 AM Mich Sentiment Apr
Market Outlook April 14, 2011
Market volume dropped on yesterday’s advance but there was still little change in the VIX.
Structural imbalances continue in the economy. The third economic dip is beginning but likely will only slow growth and not go negative.
QE2 is destroying the incentive for Americans to save and should be ended now before we have 20 years of Japanese style stagnation.
The stock market is continuing to test its head and shoulders now. The markets all appear to be topping out. To us it looks like the 47dma is no longer a support level but instead has become the resistance level for a topping trend (head and shoulders) line.
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.
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 more than half of the stock market rise from the 2009 lows is unsupportable and could evaporate. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Asian markets were mixed last night. China down -0.2%, Hong Kong down -0.5%, Jakarta down -0.7%, and Japan up 0.1%.
European markets are down this morning in a range of about –0.7% to –1.7% half way through their day.
US pre-market futures are down about -0.6 % at 8:30 AM EST.
It is now highly likely that the Obama’s communist style fraudulent moving of bad news backwards is likely to result in a surprise that will shock the stock market. The FED will have to announce that the 4% improvement they predicted for the first quarter is now lower than the last 4th quarter and it could be as low as 2%. Recently they have dropped the 4th quarter numbers so they can quickly inflate the 1st quarter numbers. Again Obama deceives the world pretending today’s bad news happened in the past. We are entering a triple dip now primarily because Obama has ignored the housing sector because to him anyone who makes $50K/yr is wealthy compared to his homelands of Nigeria and Indonesia. Obama is psychologically an illegal immigrant. He knows he is not a real American and that is why he sides with Ortega and other socialist tyrants who criticize America.
Egypt’s public prosecutor ordered the detention of former President Hosni Mubarak for 15 days while he is being investigated as part of a corruption probe.
Obama voted against raising the debt limit while he was in the senate, the deficit was under control and a Republican asked for it. Now Obama’s deficit is out of control due to flooding his welfare-voting constituency with money. 6% of Americans now pay all the cost of government for the 50% of Obama voters who pay no taxes. The next 44% of Americans pay for themselves. The Obama 50% are the cause of the national deficit. Education does not seem to help Obama’s constituency. It that continues there will be another American Revolution and Obama’s voting constituency will have no voting rights. When America was created you had to work and contribute to American prosperity to have a right to vote. Lazy people and criminals had not right to vote. Women worked for their family not in the national work force so they did not vote either. America may have to take away the voting rights of criminals and lazy people again so incompetent presidents, judges, and legislators can be removed from office.
World Markets:
Today Squawk Box was kidding around and saying China may be the 51st state ahead of Puerto Rico. The USA is a Republic so China would have only two votes in the Senate but a majority in the House of Representatives.
Fitch Ratings lowered its outlook on China’s AA- long-term local-currency rating to “negative” from “stable,” citing a “high likelihood of a significant deterioration” in banks’ asset quality within three years. Bad loans could rise to 15 percent to 30 percent of the total, with concern at the quality of lending compounded by growth in off-balance-sheet credit, Fitch said. Chinese banks extended 7.95 trillion yuan ($1.2 trillion) of new loans last year, while the government claimed they were tightening credit.
The yen weakened against all 16 of its major peers, while China’s yuan climbed to a 17-year high versus the dollar. The interest the US pays in on the five-year Treasury debt jumped three basis points.
Lisbon asks $116 Billion Portuguese Bailout.
Japan’s Nuclear and Industrial Safety Agency lifted the rating level to 7 from 5 on the global scale, the same as the 1979 partial reactor meltdown at Three Mile Island in Pennsylvania. Japan’s nuclear crisis may be raised to the highest level of severity, matching Chernobyl’s rating, as increasing radiation prompts the government to widen the evacuation zone.
Under Jimmy Carter, gold rose to over $800/oz. But by 1999 gold fell back below $290/oz again. Now it is about $1470/oz. We need to warn you now to liquidate gold and silver when it has run up, not after it drops quickly back to about $400 and $8 respectively. Ending QE2 will deflate all metals prices.
Canadian job hiring took a pause.
Ireland's ratings were lowered again. Inflation in China and India is not yet in control.
Inflation in India and China is getting out of limits. Gasoline and fuel oil prices doubled under Obama but he and Bernacke say inflation is less than 2.5%. Only morons still believe that.
US Market Highlights
Latest reports
Trade Balance Feb -$45.8B relative holding from last months -$46.3
Export Prices ex-ag. Mar rose 1.3% up from last month’s 0.9%
Import Prices ex-oil Mar inflation doubled to 0.6 from last month’s 0.3% rise.
Treasury Budget Mar -$188.2B triple the Obama deficit growth rate from -$65.4B last month
Yesterday
MBA Mortgage Index 04/08 fell -6.7% three times as bad as last week.
Retail Sales Mar were up 0.1% compared to 1.0% last month because gas prices ate up 0.3%.
Retail Sales ex-auto Mar up 0.5% compared to 0.7% last month correcting for gasoline prices.
Business Inventories Feb increased another 0.5% on last months increase of % 0.9%.
Crude Inventories 04/09 were at 1.627M down slightly from 1.952M last week.
Fed's Beige Book Apr indicates QE2 will slowly be phased out.
This week
Read more: http://www.briefing.com/Investor/Public/Calendars/EconomicCalendar.htm#ixzz1JRQ2uZfF
Apr 14 8:30 AM Initial Claims 04/09
Apr 14 8:30 AM Continuing Claims 04/02
Apr 14 8:30 AM PPI Mar
Apr 14 8:30 AM Core PPI Mar
Apr 15 8:30 AM CPI Mar
Apr 15 8:30 AM Core CPI Mar
Apr 15 8:30 AM Empire Manufacturing Apr
Apr 15 9:00 AM Net Long-Term TIC Flows Feb
Apr 15 9:15 AM Industrial Production Mar
Apr 15 9:15 AM Capacity Utilization Mar
Apr 15 9:55 AM Mich Sentiment Apr
Market Outlook April 14, 2011
Market volume dropped on yesterday’s advance but there was still little change in the VIX.
Structural imbalances continue in the economy. The third economic dip is beginning but likely will only slow growth and not go negative.
QE2 is destroying the incentive for Americans to save and should be ended now before we have 20 years of Japanese style stagnation.
The stock market is continuing to test its head and shoulders now. The markets all appear to be topping out. To us it looks like the 47dma is no longer a support level but instead has become the resistance level for a topping trend (head and shoulders) line.
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.
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 more than half of the stock market rise from the 2009 lows is unsupportable and could evaporate. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Asian markets were mixed last night. China down -0.2%, Hong Kong down -0.5%, Jakarta down -0.7%, and Japan up 0.1%.
European markets are down this morning in a range of about –0.7% to –1.7% half way through their day.
US pre-market futures are down about -0.6 % at 8:30 AM EST.
Wednesday, April 13, 2011
Obama’s deficit growth rate tripled in the latest month from –65.4B a month last month to –188.2B per month.
Obama’s deficit growth rate tripled in the latest month from –65.4B a month last month to –188.2B per month.
Egypt’s public prosecutor ordered the detention of former President Hosni Mubarak for 15 days while he is being investigated as part of a corruption probe.
Obama voted against raising the debt limit while he was in the senate, the deficit was under control and a Republican asked for it. Now Obama’s deficit is out of control due to flooding his welfare-voting constituency with money. 6% of Americans now pay the cost of government for the Obama voters who pay no taxes. The next 44% of Americans pay for themselves. The Obama 50% are the cause of the national deficit.
World Markets:
Fitch Ratings lowered its outlook on China’s AA- long-term local-currency rating to “negative” from “stable,” citing a “high likelihood of a significant deterioration” in banks’ asset quality within three years. Bad loans could rise to 15 percent to 30 percent of the total, with concern at the quality of lending compounded by growth in off-balance-sheet credit, Fitch said. Chinese banks extended 7.95 trillion yuan ($1.2 trillion) of new loans last year, while the government claimed they were tightening credit.
The yen weakened against all 16 of its major peers, while China’s yuan climbed to a 17-year high versus the dollar. The interest the US pays in on the five-year Treasury debt jumped three basis points.
Lisbon asks $116 Billion Portuguese Bailout.
Japan’s Nuclear and Industrial Safety Agency lifted the rating level to 7 from 5 on the global scale, the same as the 1979 partial reactor meltdown at Three Mile Island in Pennsylvania. Japan’s nuclear crisis may be raised to the highest level of severity, matching Chernobyl’s rating, as increasing radiation prompts the government to widen the evacuation zone.
Under Jimmy Carter, gold rose to over $800/oz. But by 1999 gold fell back below $290/oz again. Now it is about $1470/oz. We need to warn you now to liquidate gold and silver when it has run up, not after it drops quickly back to about $400 and $8 respectively.
.
Canadian job hiring took a pause.
Ireland's ratings were lowered again. Inflation in China and India is not yet in control.
Inflation in India and China is getting out of limits. Gasoline and fuel oil prices doubled under Obama but he and Bernacke say inflation is less than 2.5%. Only morons still believe that.
US Market Highlights
Latest reports
Wholesale Inventories increased again this month by 1% meaning that if sales do not pick up then production will be cut and jobs will be lost.
Yesterday
Trade Balance Feb -$45.8B relative holding from last months -$46.3
Export Prices ex-ag. Mar rose 1.3% up from last month’s 0.9%
Import Prices ex-oil Mar inflation doubled to 0.6 from last month’s 0.3% rise.
Treasury Budget Mar -$188.2B triple the Obama deficit growth rate from -$65.4B last month
This week
Apr 13 7:00 AM MBA Mortgage Index
Apr 13 8:30 AM Retail Sales Mar
Apr 13 8:30 AM Retail Sales ex-auto Mar
Apr 13 10:00 AM Business Inventories Feb
Apr 13 10:30 AM Crude Inventories 04/09 -
Apr 13 2:00 PM Fed's Beige Book Apr
Apr 14 8:30 AM Initial Claims 04/09
Apr 14 8:30 AM Continuing Claims 04/02
Apr 14 8:30 AM PPI Mar
Apr 14 8:30 AM Core PPI Mar
Apr 15 8:30 AM CPI Mar
Apr 15 8:30 AM Core CPI Mar
Apr 15 8:30 AM Empire Manufacturing Apr
Apr 15 9:00 AM Net Long-Term TIC Flows Feb
Apr 15 9:15 AM Industrial Production Mar
Apr 15 9:15 AM Capacity Utilization Mar
Apr 15 9:55 AM Mich Sentiment Apr
Market Outlook April 13, 2011
Market volume shot up 21 % on yesterday’s decline but there was little change in the VIX.
Structural imbalances continue in the economy.
Jim Cramer still said the market is topping now as said most other MSNBC market advisors last night. Does that mean it is time to buy? No, because occasionally Cramer guesses right. His advice is not consistent.
QE2 is destroying the incentive for Americans to save and should be ended now before we have 20 years of stagnation.
The stock market is continuing to test its head and shoulders now. The markets all appear to be topping out. To us it looks like the 47dma is no longer a support level but instead has become the resistance level for a topping trend (head and shoulders) line.
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.
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 more than half of the stock market rise from the 2009 lows is unsupportable and could evaporate. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Asian markets were up last night. China up 0.9%, Hong Kong up 0.6%, India up 2.2%, and Japan up 0.9%.
European markets are down this morning in a range of about 0.3% to 0.9% half way through their day.
US pre-market futures are up about 0.4 % at 6:15 AM EST.
Egypt’s public prosecutor ordered the detention of former President Hosni Mubarak for 15 days while he is being investigated as part of a corruption probe.
Obama voted against raising the debt limit while he was in the senate, the deficit was under control and a Republican asked for it. Now Obama’s deficit is out of control due to flooding his welfare-voting constituency with money. 6% of Americans now pay the cost of government for the Obama voters who pay no taxes. The next 44% of Americans pay for themselves. The Obama 50% are the cause of the national deficit.
World Markets:
Fitch Ratings lowered its outlook on China’s AA- long-term local-currency rating to “negative” from “stable,” citing a “high likelihood of a significant deterioration” in banks’ asset quality within three years. Bad loans could rise to 15 percent to 30 percent of the total, with concern at the quality of lending compounded by growth in off-balance-sheet credit, Fitch said. Chinese banks extended 7.95 trillion yuan ($1.2 trillion) of new loans last year, while the government claimed they were tightening credit.
The yen weakened against all 16 of its major peers, while China’s yuan climbed to a 17-year high versus the dollar. The interest the US pays in on the five-year Treasury debt jumped three basis points.
Lisbon asks $116 Billion Portuguese Bailout.
Japan’s Nuclear and Industrial Safety Agency lifted the rating level to 7 from 5 on the global scale, the same as the 1979 partial reactor meltdown at Three Mile Island in Pennsylvania. Japan’s nuclear crisis may be raised to the highest level of severity, matching Chernobyl’s rating, as increasing radiation prompts the government to widen the evacuation zone.
Under Jimmy Carter, gold rose to over $800/oz. But by 1999 gold fell back below $290/oz again. Now it is about $1470/oz. We need to warn you now to liquidate gold and silver when it has run up, not after it drops quickly back to about $400 and $8 respectively.
.
Canadian job hiring took a pause.
Ireland's ratings were lowered again. Inflation in China and India is not yet in control.
Inflation in India and China is getting out of limits. Gasoline and fuel oil prices doubled under Obama but he and Bernacke say inflation is less than 2.5%. Only morons still believe that.
US Market Highlights
Latest reports
Wholesale Inventories increased again this month by 1% meaning that if sales do not pick up then production will be cut and jobs will be lost.
Yesterday
Trade Balance Feb -$45.8B relative holding from last months -$46.3
Export Prices ex-ag. Mar rose 1.3% up from last month’s 0.9%
Import Prices ex-oil Mar inflation doubled to 0.6 from last month’s 0.3% rise.
Treasury Budget Mar -$188.2B triple the Obama deficit growth rate from -$65.4B last month
This week
Apr 13 7:00 AM MBA Mortgage Index
Apr 13 8:30 AM Retail Sales Mar
Apr 13 8:30 AM Retail Sales ex-auto Mar
Apr 13 10:00 AM Business Inventories Feb
Apr 13 10:30 AM Crude Inventories 04/09 -
Apr 13 2:00 PM Fed's Beige Book Apr
Apr 14 8:30 AM Initial Claims 04/09
Apr 14 8:30 AM Continuing Claims 04/02
Apr 14 8:30 AM PPI Mar
Apr 14 8:30 AM Core PPI Mar
Apr 15 8:30 AM CPI Mar
Apr 15 8:30 AM Core CPI Mar
Apr 15 8:30 AM Empire Manufacturing Apr
Apr 15 9:00 AM Net Long-Term TIC Flows Feb
Apr 15 9:15 AM Industrial Production Mar
Apr 15 9:15 AM Capacity Utilization Mar
Apr 15 9:55 AM Mich Sentiment Apr
Market Outlook April 13, 2011
Market volume shot up 21 % on yesterday’s decline but there was little change in the VIX.
Structural imbalances continue in the economy.
Jim Cramer still said the market is topping now as said most other MSNBC market advisors last night. Does that mean it is time to buy? No, because occasionally Cramer guesses right. His advice is not consistent.
QE2 is destroying the incentive for Americans to save and should be ended now before we have 20 years of stagnation.
The stock market is continuing to test its head and shoulders now. The markets all appear to be topping out. To us it looks like the 47dma is no longer a support level but instead has become the resistance level for a topping trend (head and shoulders) line.
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.
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 more than half of the stock market rise from the 2009 lows is unsupportable and could evaporate. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Asian markets were up last night. China up 0.9%, Hong Kong up 0.6%, India up 2.2%, and Japan up 0.9%.
European markets are down this morning in a range of about 0.3% to 0.9% half way through their day.
US pre-market futures are up about 0.4 % at 6:15 AM EST.
Tuesday, April 12, 2011
Futures tumbled from a 30-month high yesterday as the IMF said in its World Economic Outlook that the U.S. economy will expand at a slower pace than i
Futures tumbled from a 30-month high yesterday as the IMF said in its World Economic Outlook that the U.S. economy will expand at a slower pace than in 2010 amid an unemployment rate above 8 percent and a drop in consumer confidence. Japans estimate also was reduced.
World Markets:
Lisbon asks $116 Billion Portuguese Bailout.
Japan’s Nuclear and Industrial Safety Agency lifted the rating level to 7 from 5 on the global scale, the same as the 1979 partial reactor meltdown at Three Mile Island in Pennsylvania. Japan’s nuclear crisis may be raised to the highest level of severity, matching Chernobyl’s rating, as increasing radiation prompts the government to widen the evacuation zone.
Under Jimmy Carter, gold rose to over $800/oz. But by 1999 gold fell back below $290/oz again. Now it is about $1470/oz. We need to warn you now to liquidate gold and silver when it has run up, not after it drops quickly back to about $400 and $8 respectively.
.
Canadian job hiring took a pause.
Ireland's ratings were lowered again. Inflation in China and India is not yet in control.
Inflation in India and China is getting out of limits. Gasoline and fuel oil prices doubled under Obama but he and Bernacke say inflation is less than 2.5%. Only morons still believe that.
US Market Highlights
Latest reports
Continuing Claims 03/26 at 3741K up from last weeks 3714K 0.5% socialist manipulation removed
Consumer Credit Feb $7.1B up from $5.0B, 7% socialist manipulation removed
Wholesale inventories increased again this month by 1% meaning that if sales do not pick up then production will be cut and jobs will be lost.
This week
Apr 12 8:30 AM Trade Balance Feb
Apr 12 8:30 AM Export Prices ex-ag. Mar
Apr 12 8:30 AM Import Prices ex-oil Mar
Apr 12 2:00 PM Treasury Budget Mar
Apr 13 7:00 AM MBA Mortgage Index
Apr 13 8:30 AM Retail Sales Mar
Apr 13 8:30 AM Retail Sales ex-auto Mar
Apr 13 10:00 AM Business Inventories Feb
Apr 13 10:30 AM Crude Inventories 04/09 -
Apr 13 2:00 PM Fed's Beige Book Apr
Apr 14 8:30 AM Initial Claims 04/09
Apr 14 8:30 AM Continuing Claims 04/02
Apr 14 8:30 AM PPI Mar
Apr 14 8:30 AM Core PPI Mar
Apr 15 8:30 AM CPI Mar
Apr 15 8:30 AM Core CPI Mar
Apr 15 8:30 AM Empire Manufacturing Apr
Apr 15 9:00 AM Net Long-Term TIC Flows Feb
Apr 15 9:15 AM Industrial Production Mar
Apr 15 9:15 AM Capacity Utilization Mar
Apr 15 9:55 AM Mich Sentiment Apr
Market Outlook April 12, 2011
Structural imbalances continue in the economy. Even Jim Cramer said the market is topping now as said most other MSNBC market advisors last night. QE2 is destroying the incentive for Americans to save and should be ended now before we have 20 years of stagnation.
The world markets are now holding their breath waiting to see if the markets plunge. If the Republicans back down on their miniscule government cuts the world thinks it is doomed to perpetual socialist self indulgent stupidity like we see in the Greek union riots.
The stock market is continuing to test its head and shoulders now. The markets all appear to be topping out. To us it looks like the 47dma is no longer a support level but instead has become the resistance level for a topping trend (head and shoulders) line.
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.
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 more than half of the stock market rise from the 2009 lows is unsupportable and could evaporate. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Asian markets were down last night. China down -0%, Hong Kong down –1.3%, India closed, and Japan down –1.7%.
European markets are down this morning in a range of about –0.8% to –1.5% half way through their day.
US pre-market futures are down about -0.4 % at 7:15 AM EST.
World Markets:
Lisbon asks $116 Billion Portuguese Bailout.
Japan’s Nuclear and Industrial Safety Agency lifted the rating level to 7 from 5 on the global scale, the same as the 1979 partial reactor meltdown at Three Mile Island in Pennsylvania. Japan’s nuclear crisis may be raised to the highest level of severity, matching Chernobyl’s rating, as increasing radiation prompts the government to widen the evacuation zone.
Under Jimmy Carter, gold rose to over $800/oz. But by 1999 gold fell back below $290/oz again. Now it is about $1470/oz. We need to warn you now to liquidate gold and silver when it has run up, not after it drops quickly back to about $400 and $8 respectively.
.
Canadian job hiring took a pause.
Ireland's ratings were lowered again. Inflation in China and India is not yet in control.
Inflation in India and China is getting out of limits. Gasoline and fuel oil prices doubled under Obama but he and Bernacke say inflation is less than 2.5%. Only morons still believe that.
US Market Highlights
Latest reports
Continuing Claims 03/26 at 3741K up from last weeks 3714K 0.5% socialist manipulation removed
Consumer Credit Feb $7.1B up from $5.0B, 7% socialist manipulation removed
Wholesale inventories increased again this month by 1% meaning that if sales do not pick up then production will be cut and jobs will be lost.
This week
Apr 12 8:30 AM Trade Balance Feb
Apr 12 8:30 AM Export Prices ex-ag. Mar
Apr 12 8:30 AM Import Prices ex-oil Mar
Apr 12 2:00 PM Treasury Budget Mar
Apr 13 7:00 AM MBA Mortgage Index
Apr 13 8:30 AM Retail Sales Mar
Apr 13 8:30 AM Retail Sales ex-auto Mar
Apr 13 10:00 AM Business Inventories Feb
Apr 13 10:30 AM Crude Inventories 04/09 -
Apr 13 2:00 PM Fed's Beige Book Apr
Apr 14 8:30 AM Initial Claims 04/09
Apr 14 8:30 AM Continuing Claims 04/02
Apr 14 8:30 AM PPI Mar
Apr 14 8:30 AM Core PPI Mar
Apr 15 8:30 AM CPI Mar
Apr 15 8:30 AM Core CPI Mar
Apr 15 8:30 AM Empire Manufacturing Apr
Apr 15 9:00 AM Net Long-Term TIC Flows Feb
Apr 15 9:15 AM Industrial Production Mar
Apr 15 9:15 AM Capacity Utilization Mar
Apr 15 9:55 AM Mich Sentiment Apr
Market Outlook April 12, 2011
Structural imbalances continue in the economy. Even Jim Cramer said the market is topping now as said most other MSNBC market advisors last night. QE2 is destroying the incentive for Americans to save and should be ended now before we have 20 years of stagnation.
The world markets are now holding their breath waiting to see if the markets plunge. If the Republicans back down on their miniscule government cuts the world thinks it is doomed to perpetual socialist self indulgent stupidity like we see in the Greek union riots.
The stock market is continuing to test its head and shoulders now. The markets all appear to be topping out. To us it looks like the 47dma is no longer a support level but instead has become the resistance level for a topping trend (head and shoulders) line.
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.
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 more than half of the stock market rise from the 2009 lows is unsupportable and could evaporate. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Asian markets were down last night. China down -0%, Hong Kong down –1.3%, India closed, and Japan down –1.7%.
European markets are down this morning in a range of about –0.8% to –1.5% half way through their day.
US pre-market futures are down about -0.4 % at 7:15 AM EST.
Monday, April 11, 2011
It seems both the Jihadists and Lunatic Left do not like the Tea Party.
Central banks of Asia and South America have raised their FED rates aggressively for a number of months. India has done it 8 times in the last 12 months. Brazil has already hiked it to 11%. China has also been hiking its rates for more than a year. The People's Bank of China said raised its one-year lending rate to 6.31% from 6.06%, effective last Wednesday the fourth time in six months. In the pas, six months of rising rates would have triggered a bear stock market. In the past it was said that you cannot fight the FED and when rates go up for two quarters that is the sign that the stock market will contract. In the past the stock market reacted 6 months in advance to the economy so that profits were peaking when the market was starting to decline and the market bottomed in 2009 before the economy turned around. If the stock market remains a leading indicator then we would expect good earnings reports now if the market was peaking. They also say do not fight the tape and react too soon.
German bonds fell for a third week as the European Central Bank raised interest rates to avoid inflation. Portuguese and Greek yields rose as and bond values fell as Portugal seeks a bailout from the European Union. Portugal failed to stem a surge in borrowing costs, even as it followed Greece and Ireland in asking the EU for a financial assistance package estimated at $115 billion. Inflation is quite low at less than the desired 2.5%. Silver is up 500% in the last 10 years. But if there were the FED goal of 2.5% inflation per year it would take 65 years for inflation to catch up. So clearly the people buying silver and gold now are expecting hyperinflation that Germany had before WWII. Japan has had about 1% inflation for 30 years and that is a greater risk than inflation getting to 5% per year. That would require 33 years or about six business cycles for people who buy silver now to get their money back if silver is now peaking. 30 to 65 years wait implies it is extremely advisable to liquidate silver, gold, and other inflation hedges before the FED rate hikes start in the USA. You know that if there is any inflation over 2.5% they plan to raise rates at we are at about there now.
Germany’s 10-year yield increased to 3.48 percent the most since Aug. 2009. Yields on two-year notes rose to 1.92% percent, the highest since December 2008. That will put more pressure on Germany to stop any further bailouts of the PIIGS.
The ECB's key interest rate charged banks is now 1.25%, up from 1% previously. In contrast, at the FED’s meeting, the target range for the federal funds rate was kept at between 0 percent to 0.25 percent and the discount rate was kept at 0.75 percent. The FED is still tipping towards a continuation of the $600 billion bond buying program through the end of June and a holding pattern on interest rates although Americans are becoming worried that Obama’s infatuation with the Greek health care system and their size of government is beginning to worry even the federal reserve. We believe that when the fed announces the end to QE2 they will say it was fait acompli…. already done so the economy will not react to it. That means QE2 should be phased out before this June.
The new members of congress want Americans to bite the bullet and get the adjustments behind us and to shrink that part of government that has become a “pretend job” mill for people who do not believe in a work ethic. They recently gave over $18Billion to Obama’s be-happy supporters for bogus discrimination in not getting a fair share of government farm handouts in the past. Many Americans have never taken a handout and wonder how Obama be-happy supporters could possibly think they have not ripped off America enough, when they are the only people in America who regularly get handouts.
CNN/Pravda has too Obama supporters as spokespersons. It seems all the Obama thinkers come from the Mid-East, India, and Indonesia now. Those areas of the world have the king of government Obama likes. They work together there and have such a good standard of living and so little violence according to Obama. Here is a portion of their CNN discussion from Saturday. “
Amar C. Bakshi: Does this potential shutdown prove our government is broken? If so, what should be done to fix it? Fareed Zakaria: I think it proves that our political system is broken - the political parties are broken. You can see that most vividly on the Tea Party. The Tea Party’s constituency, or its base, clearly seems to be more interested in them not actually doing a deal than in them doing a deal. But they are one segment of the country. Unless they believe that they should have the ability to - by some kind of dictatorial fiat - impose their will on the rest of the country, then they’re going to have to give and that’s the part that seems to be lost here.” It seems both the Jihadists and Lunatic Left do not like the Tea Party.
When Obama had both houses of Congress he used his dictatorship to force unaffordable Obamacare down the throats of working Americans so that his “be-happy” don’t have to work and can have the best health care in the world while they live off the people who pay taxes. Note that most Obama appointees cheated on their taxes. So half the socialists do not believe in work and the other half cheat on their taxes so they don’t mind paying taxes. In 2006 Obama opposed raising the debt limit but now he says that is irresponsible.
World Markets:
Under Jimmy Carter, gold rose to over $800/oz. But by 1999 gold fell back below $290/oz again. Now it is about $1470/oz. We need to warn you now to liquidate gold and silver when it has run up, not after it drops quickly back to about $400 and $8 respectively.
Canadian job hiring took a pause.
Ireland's ratings were lowered again. Inflation in China and India is not yet in control. Yet Japan and the USA are able to keep
Inflation in India and China is getting out of limits. Gasoline and fuel oil prices doubled under Obama but he and Bernacke say inflation is less than 2.5%. Only morons still believe that.
US Market Highlights
Latest reports
Data is adjusted for Obama’s obvious manipulation of data but not possible outright falsification like the socialists did in the USSR
Initial new unemployment Claims 04/02 were 386K virtually unchanged from 388K last week and twice as bad as job creation. , 1-% socialist manipulation removed.
Continuing Claims 03/26 at 3741K up from last weeks 3714K 0.5% socialist manipulation removed
Consumer Credit Feb $7.1B up from $5.0B, 7% socialist manipulation removed
Wholesale increased again this month by 1% meaning that if sales do not pick up then production will be cut and jobs will be lost.
This week
Apr 12 8:30 AM Trade Balance Feb
Apr 12 8:30 AM Export Prices ex-ag. Mar
Apr 12 8:30 AM Import Prices ex-oil Mar
Apr 12 2:00 PM Treasury Budget Mar
Apr 13 7:00 AM MBA Mortgage Index
Apr 13 8:30 AM Retail Sales Mar
Apr 13 8:30 AM Retail Sales ex-auto Mar
Apr 13 10:00 AM Business Inventories Feb
Apr 13 10:30 AM Crude Inventories 04/09 -
Apr 13 2:00 PM Fed's Beige Book Apr
Apr 14 8:30 AM Initial Claims 04/09
Apr 14 8:30 AM Continuing Claims 04/02
Apr 14 8:30 AM PPI Mar
Apr 14 8:30 AM Core PPI Mar
Apr 15 8:30 AM CPI Mar
Apr 15 8:30 AM Core CPI Mar
Apr 15 8:30 AM Empire Manufacturing Apr
Apr 15 9:00 AM Net Long-Term TIC Flows Feb
Apr 15 9:15 AM Industrial Production Mar
Apr 15 9:15 AM Capacity Utilization Mar
Apr 15 9:55 AM Mich Sentiment Apr
Market Outlook April 11, 2011
The world markets are now holding their breath waiting to see if the markets plunge. If the Republicans back down on their miniscule government cuts the world thinks it is doomed to perpetual socialist self indulgent stupidity like we see in the Greek union riots.
The stock market is continuing to test its head and shoulders now. The markets all appear to be topping out. To us it looks like the 47dma is no longer a support level but instead has become the resistance level for a topping trend (head and shoulders) line.
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.
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 more than half of the stock market rise from the 2009 lows is unsupportable and could evaporate. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Asian markets were down last night. China down -0.3%, Hong Kong down -0.4%, India down –1%, and Japan down -0.5%.
European markets are down this morning in a range of about 0% to -0.5% half way through their day.
US pre-market futures are up at about 0.3 % at 7:30 AM EST.
German bonds fell for a third week as the European Central Bank raised interest rates to avoid inflation. Portuguese and Greek yields rose as and bond values fell as Portugal seeks a bailout from the European Union. Portugal failed to stem a surge in borrowing costs, even as it followed Greece and Ireland in asking the EU for a financial assistance package estimated at $115 billion. Inflation is quite low at less than the desired 2.5%. Silver is up 500% in the last 10 years. But if there were the FED goal of 2.5% inflation per year it would take 65 years for inflation to catch up. So clearly the people buying silver and gold now are expecting hyperinflation that Germany had before WWII. Japan has had about 1% inflation for 30 years and that is a greater risk than inflation getting to 5% per year. That would require 33 years or about six business cycles for people who buy silver now to get their money back if silver is now peaking. 30 to 65 years wait implies it is extremely advisable to liquidate silver, gold, and other inflation hedges before the FED rate hikes start in the USA. You know that if there is any inflation over 2.5% they plan to raise rates at we are at about there now.
Germany’s 10-year yield increased to 3.48 percent the most since Aug. 2009. Yields on two-year notes rose to 1.92% percent, the highest since December 2008. That will put more pressure on Germany to stop any further bailouts of the PIIGS.
The ECB's key interest rate charged banks is now 1.25%, up from 1% previously. In contrast, at the FED’s meeting, the target range for the federal funds rate was kept at between 0 percent to 0.25 percent and the discount rate was kept at 0.75 percent. The FED is still tipping towards a continuation of the $600 billion bond buying program through the end of June and a holding pattern on interest rates although Americans are becoming worried that Obama’s infatuation with the Greek health care system and their size of government is beginning to worry even the federal reserve. We believe that when the fed announces the end to QE2 they will say it was fait acompli…. already done so the economy will not react to it. That means QE2 should be phased out before this June.
The new members of congress want Americans to bite the bullet and get the adjustments behind us and to shrink that part of government that has become a “pretend job” mill for people who do not believe in a work ethic. They recently gave over $18Billion to Obama’s be-happy supporters for bogus discrimination in not getting a fair share of government farm handouts in the past. Many Americans have never taken a handout and wonder how Obama be-happy supporters could possibly think they have not ripped off America enough, when they are the only people in America who regularly get handouts.
CNN/Pravda has too Obama supporters as spokespersons. It seems all the Obama thinkers come from the Mid-East, India, and Indonesia now. Those areas of the world have the king of government Obama likes. They work together there and have such a good standard of living and so little violence according to Obama. Here is a portion of their CNN discussion from Saturday. “
Amar C. Bakshi: Does this potential shutdown prove our government is broken? If so, what should be done to fix it? Fareed Zakaria: I think it proves that our political system is broken - the political parties are broken. You can see that most vividly on the Tea Party. The Tea Party’s constituency, or its base, clearly seems to be more interested in them not actually doing a deal than in them doing a deal. But they are one segment of the country. Unless they believe that they should have the ability to - by some kind of dictatorial fiat - impose their will on the rest of the country, then they’re going to have to give and that’s the part that seems to be lost here.” It seems both the Jihadists and Lunatic Left do not like the Tea Party.
When Obama had both houses of Congress he used his dictatorship to force unaffordable Obamacare down the throats of working Americans so that his “be-happy” don’t have to work and can have the best health care in the world while they live off the people who pay taxes. Note that most Obama appointees cheated on their taxes. So half the socialists do not believe in work and the other half cheat on their taxes so they don’t mind paying taxes. In 2006 Obama opposed raising the debt limit but now he says that is irresponsible.
World Markets:
Under Jimmy Carter, gold rose to over $800/oz. But by 1999 gold fell back below $290/oz again. Now it is about $1470/oz. We need to warn you now to liquidate gold and silver when it has run up, not after it drops quickly back to about $400 and $8 respectively.
Canadian job hiring took a pause.
Ireland's ratings were lowered again. Inflation in China and India is not yet in control. Yet Japan and the USA are able to keep
Inflation in India and China is getting out of limits. Gasoline and fuel oil prices doubled under Obama but he and Bernacke say inflation is less than 2.5%. Only morons still believe that.
US Market Highlights
Latest reports
Data is adjusted for Obama’s obvious manipulation of data but not possible outright falsification like the socialists did in the USSR
Initial new unemployment Claims 04/02 were 386K virtually unchanged from 388K last week and twice as bad as job creation. , 1-% socialist manipulation removed.
Continuing Claims 03/26 at 3741K up from last weeks 3714K 0.5% socialist manipulation removed
Consumer Credit Feb $7.1B up from $5.0B, 7% socialist manipulation removed
Wholesale increased again this month by 1% meaning that if sales do not pick up then production will be cut and jobs will be lost.
This week
Apr 12 8:30 AM Trade Balance Feb
Apr 12 8:30 AM Export Prices ex-ag. Mar
Apr 12 8:30 AM Import Prices ex-oil Mar
Apr 12 2:00 PM Treasury Budget Mar
Apr 13 7:00 AM MBA Mortgage Index
Apr 13 8:30 AM Retail Sales Mar
Apr 13 8:30 AM Retail Sales ex-auto Mar
Apr 13 10:00 AM Business Inventories Feb
Apr 13 10:30 AM Crude Inventories 04/09 -
Apr 13 2:00 PM Fed's Beige Book Apr
Apr 14 8:30 AM Initial Claims 04/09
Apr 14 8:30 AM Continuing Claims 04/02
Apr 14 8:30 AM PPI Mar
Apr 14 8:30 AM Core PPI Mar
Apr 15 8:30 AM CPI Mar
Apr 15 8:30 AM Core CPI Mar
Apr 15 8:30 AM Empire Manufacturing Apr
Apr 15 9:00 AM Net Long-Term TIC Flows Feb
Apr 15 9:15 AM Industrial Production Mar
Apr 15 9:15 AM Capacity Utilization Mar
Apr 15 9:55 AM Mich Sentiment Apr
Market Outlook April 11, 2011
The world markets are now holding their breath waiting to see if the markets plunge. If the Republicans back down on their miniscule government cuts the world thinks it is doomed to perpetual socialist self indulgent stupidity like we see in the Greek union riots.
The stock market is continuing to test its head and shoulders now. The markets all appear to be topping out. To us it looks like the 47dma is no longer a support level but instead has become the resistance level for a topping trend (head and shoulders) line.
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.
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 more than half of the stock market rise from the 2009 lows is unsupportable and could evaporate. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Asian markets were down last night. China down -0.3%, Hong Kong down -0.4%, India down –1%, and Japan down -0.5%.
European markets are down this morning in a range of about 0% to -0.5% half way through their day.
US pre-market futures are up at about 0.3 % at 7:30 AM EST.
Friday, April 8, 2011
The government shutdown now hangs on Socialist-democrats insisting that the government abortions of black babies be funded.
The government shutdown now hangs on Socialist-democrats insisting that the government abortions of black babies be funded. By the end of 2011 Obama will have the US national debt exceeding the GDP just like they have in Greece, Ireland, and Portugal. Government funding of abortion is a form of racial cleansing. But to many it is worth it to have jihadist funding NPR and government funding the abortion of black babies. Many people believe the government is complicit in murdering babies. This blog does not condone the US government being involved in people’s private maters by subsidizing abortions of primarily living black babies or supporting jihadist who want to kill all Americans regardless of race or national origin.
Government parties have lost ground in negotiations that lasted through early Friday morning. Arriving at the Capitol, Reid said he was disappointed that a deal that seemed within reach remains elusive, and seemed confounded as to the Republicans' ultimate goal. He believes National Public Radio should be funded even though they were caught on camera ready to accept funding from the jihadist Moslem Brotherhood and were an unofficial arm of the democrat-socialist party. Reid also thinks government funding of abortions was good because it eliminates unwanted children. The fact is that most of the government funding is for abortions of black babies and the legislation to fund those abortions was not approved until after research showed most already were black babies and funding it would increase that percentage. So that is why racist gave the socialist democrats the support for it.
If Japan’s interest rate rises just 0.2% on their national debt then 70% of their national income would go just to paying the interest on their national debt.
Portuguese bonds fell and the cost of insuring the nation’s debt rose to a record and the Euro weakened after Moody’s Investors Service said a bailout is inevitable. The interest Portugal pays on 10-year bonds climbed to 8.76%.
US Auto & Lt Truck Salesfor March are a week overdue as rumors of a slowdown loom due to Japanese parts shortages. Obama does not want to release the disappointing numbers.
A US government shutdown is looming.
Oil is at a 30-Month High.
World Markets:
Under Jimmy Carter, gold rose to over $800/oz. But by 1999 gold fell back below $290/oz again. Now it is about $1470/oz.
Ireland's ratings were lowered again. Inflation in China and India is not yet in control. Yet Japan and the USA are able to keep
Inflation in India and China is getting out of limits. Gasoline and fuel oil prices doubled under Obama but he and Bernacke say inflation is less than 2.5%. Only morons still believe that.
US Market Highlights
Latest reports
IS Manufacturing Index Mar dropped to 61.2.from 61.4
Construction Spending Feb fell -1.4% or -2.5% depending on whether last -0.7% or the manipulated -1.8% is correct. When the numbers look bad and they take spending numbers they receive and move them backward that is corruption because in another week they will have to adjust the present numbers as well. Either always compare final numbers a week later or compare them at the end of the month. They do but not and could have a 5-wk interval last month and a 3 or 4 week interval this month.
Auto and truck sales still not being reported.
ISM Services industry index fell to 57.3 from 59.7
Fed Minutes indicate the FED is continuing down the path Japan took to perpetual socialist style perpetual economic depression.
MBA Mortgage Index 04/01 fell again -2.0% after falling -7.5% last month as housing is in a full double downturn.
Crude Inventories 04/02 rose 1.952M after rising last month in spite of the highest April gasoline prices in the history of America. The last time that happened the economy was in a state of free-fall by the end of the year.
Yesterday
Data is adjusted for Obama’s obvious manipulation of data but not possible outright falsification like the socialists did in the USSR
Initial new unemployment Claims 04/02 were 386K virtually unchanged from 388K last week and twice as bad as job creation. , 1-% socialist manipulation removed.
Continuing Claims 03/26 at 3741K up from last weeks 3714K 0.5% socialist manipulation removed
Consumer Credit Feb $7.1B up from $5.0B, 7% socialist manipulation removed
Today.
Apr 08 10:00 Wholesale
Market Outlook April 8, 2011
The world markets are now holding their breath waiting to see if the markets plunge as the Obama socialists follow the Japanese socialist plan which is government spending into a PIIGS type oblivion while Germany and Britain are belt tightening their governments and raising interest rates so that money has some value. If the Republicans back down on their miniscule government cut the world thinks it is doomed to perpetual socialist self indulgent stupidity like we see in the Greek union riots.
The stock market is continuing to test its head and shoulders now. The markets all appear to be topping out. To us it looks like the 47dma is no longer a support level but instead has become the resistance level for a topping trend (head and shoulders) line.
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.
We need to warn you now to liquidate gold and silver when it has run up, not after it drops quickly back to about $400 and $8 respectively.
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 more than half of the stock market rise from the 2009 lows is unsupportable and could evaporate. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Asian markets were up last night. China up 0.7%, Hong Kong up 0.4%, India down –0.7%, and Japan up 1.8%.
European markets are up this morning in a range of about 0.2% to 0.8% half way through their day.
US pre-market futures are up at about 0.3 % at 6:00 AM EST.
Government parties have lost ground in negotiations that lasted through early Friday morning. Arriving at the Capitol, Reid said he was disappointed that a deal that seemed within reach remains elusive, and seemed confounded as to the Republicans' ultimate goal. He believes National Public Radio should be funded even though they were caught on camera ready to accept funding from the jihadist Moslem Brotherhood and were an unofficial arm of the democrat-socialist party. Reid also thinks government funding of abortions was good because it eliminates unwanted children. The fact is that most of the government funding is for abortions of black babies and the legislation to fund those abortions was not approved until after research showed most already were black babies and funding it would increase that percentage. So that is why racist gave the socialist democrats the support for it.
If Japan’s interest rate rises just 0.2% on their national debt then 70% of their national income would go just to paying the interest on their national debt.
Portuguese bonds fell and the cost of insuring the nation’s debt rose to a record and the Euro weakened after Moody’s Investors Service said a bailout is inevitable. The interest Portugal pays on 10-year bonds climbed to 8.76%.
US Auto & Lt Truck Salesfor March are a week overdue as rumors of a slowdown loom due to Japanese parts shortages. Obama does not want to release the disappointing numbers.
A US government shutdown is looming.
Oil is at a 30-Month High.
World Markets:
Under Jimmy Carter, gold rose to over $800/oz. But by 1999 gold fell back below $290/oz again. Now it is about $1470/oz.
Ireland's ratings were lowered again. Inflation in China and India is not yet in control. Yet Japan and the USA are able to keep
Inflation in India and China is getting out of limits. Gasoline and fuel oil prices doubled under Obama but he and Bernacke say inflation is less than 2.5%. Only morons still believe that.
US Market Highlights
Latest reports
IS Manufacturing Index Mar dropped to 61.2.from 61.4
Construction Spending Feb fell -1.4% or -2.5% depending on whether last -0.7% or the manipulated -1.8% is correct. When the numbers look bad and they take spending numbers they receive and move them backward that is corruption because in another week they will have to adjust the present numbers as well. Either always compare final numbers a week later or compare them at the end of the month. They do but not and could have a 5-wk interval last month and a 3 or 4 week interval this month.
Auto and truck sales still not being reported.
ISM Services industry index fell to 57.3 from 59.7
Fed Minutes indicate the FED is continuing down the path Japan took to perpetual socialist style perpetual economic depression.
MBA Mortgage Index 04/01 fell again -2.0% after falling -7.5% last month as housing is in a full double downturn.
Crude Inventories 04/02 rose 1.952M after rising last month in spite of the highest April gasoline prices in the history of America. The last time that happened the economy was in a state of free-fall by the end of the year.
Yesterday
Data is adjusted for Obama’s obvious manipulation of data but not possible outright falsification like the socialists did in the USSR
Initial new unemployment Claims 04/02 were 386K virtually unchanged from 388K last week and twice as bad as job creation. , 1-% socialist manipulation removed.
Continuing Claims 03/26 at 3741K up from last weeks 3714K 0.5% socialist manipulation removed
Consumer Credit Feb $7.1B up from $5.0B, 7% socialist manipulation removed
Today.
Apr 08 10:00 Wholesale
Market Outlook April 8, 2011
The world markets are now holding their breath waiting to see if the markets plunge as the Obama socialists follow the Japanese socialist plan which is government spending into a PIIGS type oblivion while Germany and Britain are belt tightening their governments and raising interest rates so that money has some value. If the Republicans back down on their miniscule government cut the world thinks it is doomed to perpetual socialist self indulgent stupidity like we see in the Greek union riots.
The stock market is continuing to test its head and shoulders now. The markets all appear to be topping out. To us it looks like the 47dma is no longer a support level but instead has become the resistance level for a topping trend (head and shoulders) line.
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.
We need to warn you now to liquidate gold and silver when it has run up, not after it drops quickly back to about $400 and $8 respectively.
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 more than half of the stock market rise from the 2009 lows is unsupportable and could evaporate. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Asian markets were up last night. China up 0.7%, Hong Kong up 0.4%, India down –0.7%, and Japan up 1.8%.
European markets are up this morning in a range of about 0.2% to 0.8% half way through their day.
US pre-market futures are up at about 0.3 % at 6:00 AM EST.
Thursday, April 7, 2011
Bernacke/Obama want America to walk into the Japanese low interest trap of perpetual recession and economic stupidity.
AM Radio Stations will be forced out of business by high levels of interference mostly from power lines but also new sources. We are filling our world with microwaves so children can spend their money on game applications and other cool stuff that is creating a school system of dunces taught by the dunces of the last generation. Apple’s stock is now valued higher that the rest of the world’s stocks, (put together) outside of the stocks traded in America. And apple is rich primarily due to the addictions of novelty and games. Having an Apple product has become a status symbol among young and old dependents in the ever-growing world of dunces who will need the government to take care of them.
Character and values are no longer taught in our schools. A child’s character is 90% determined before they enter high school and by the 6th grade for the best and brightest students. Good character traits (virtues) were behaviors like being responsible, hard-working, conscientious, honest, dependable, prudent, respectful, considerate, fair, diligent, confident, reliable, responsive, trustworthy, and decisive. Developing a student with personal character, people skills, and leadership skills (virtues) was thought to be teaching students to take care of themselves. The education of the Founding Fathers focused on the highest human traits and with those traits the student could do anything and each one could educate his or herself. Today High School students must know more than their teachers because most teachers are such open minded leftists, their brains fell out long ago.
NASDAQ 100 Undertakes ‘rare’ rebalancing. This is called fraudulent market appreciation 101, the way all long term stock indices are doctored to deceive investors into thinking stocks do much better than is the actual case. When a stock has a big run-up the index is very high but is at a high risk of losing that gain when that over inflated stock goes back down. So what they do is they add rising stocks and remove stagnating companies before they decline. Apple is so high and still rising and they do not want the risk of seeing the index go back down.
What do they do? The WSJ says that the Nasdaq is reducing the weighting of Apple in a “rare rebalancing” of the Nasdaq 100 Index. To do that they effectively raise all the other stock values with a multiplier while cutting the apple share weighting multiplier. Yes, they rebalance by raising the values of the weak (using the weighting to hide it) so when apple drops in percent of the index, the index does not decline. It is indeed outright fraud and the SEC has been letting them do it. Later they will claim a 7% annual market gain since 1945 when without the legal fraud it would be about 4%. It is false advertising and investors need to be aware that the stock market is no more truthful than a used car dealership.
Bernacke/Obama want America to walk into the Japanese low interest trap of perpetual recession and economic stupidity.
It starts by spending the nation’s way into debt until as in Japan the debt exceeds the national income and it is impossible to pay down without national pain.
That spending spree is only possible by keeping the interest rate close to zero as they do in Japan where the people’s savings are taken by their government and the people get paid next to nothing in interest.
Eventually the debt is so large the government is trapped and has to avoid higher interest rates because it cannot afford that annual cost of the interest.
This makes an extremely unstable situation and if the Japanese were to stop saving and buy assets instead, the interest rate would soar and the value of the yen would plummet.
Obama socialists must be ejected along with the other socialists before the socialists give us perpetual economic recession as the communist Eastern Block had before they went bankrupt. The Japanese socialists have had a recession for 30 years now.
The Treasury Department predicts the U.S. will hit its $14.294 trillion debt limit no later than May 16. Government could already begin to shut down this weekend.
If Japan’s interest rate rises just 0.2% on their national debt then 70% of their national income would go just to paying the interest on their national debt.
A shortage of parts from disaster-ridden Japan is very likely to force Toyota to shut down its North American factories and impact roughly 25,000 workers. It’s not clear how long Toyota will be forced to close its facilities.
Warren Buffet is depicted was having become irrational and mentally unstable on GE/MSNBC/Pravda.
Portuguese bonds fell and the cost of insuring the nation’s debt rose to a record and the Euro weakened after Moody’s Investors Service said a bailout is inevitable. The interest Portugal pays on 10-year bonds climbed to 8.76%. Moody’s cut its rating on Portugal’s debt for the second time in three weeks, saying another downgrade may follow and the winner of elections in June will probably tap Europe’s bailout fund with “urgency.” The downgrade “is further evidence of the sovereign decay in the area. The European Central Bank will probably raise interest rates this week to contain inflation.
US Auto & Lt Truck Salesfor March are a week overdue as rumors of a slowdown loom due to Japanese parts shortages. Obama does not want to release the disappointing numbers.
A US government shutdown is looming.
Oil just hit a 30-Month High.
World Markets:
Ireland's ratings were lowered again.
China's stock market prices are in a triangle formation and will breakout probably within a week. 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 that have done little to balance their budgets. Spain will be the next to fall and socialist unions may riot. The contagion is spreading in the EU. Japan is now a walking debt ridden economic zombie because they took the communist position that everyone should be given a job for life. Unfortunately that leads to nuclear reactors and aircraft problems that kill people because there is no incentive to do a good job when the job is guaranteed.
US Market Highlights
Latest reports
IS Manufacturing Index Mar dropped to 61.2.from 61.4
Construction Spending Feb fell -1.4% or -2.5% depending on whether last -0.7% or the manipulated -1.8% is correct. When the numbers look bad and they take spending numbers they receive and move them backward that is corruption because in another week they will have to adjust the present numbers as well. Either always compare final numbers a week later or compare them at the end of the month. They do but not and could have a 5-wk interval last month and a 3 or 4 week interval this month.
Auto and truck sales still not being reported.
Yesterday
ISM Services industry index fell to 57.3 from 59.7
Fed Minutes indicate the FED is continuing down the path Japan took to perpetual socialist style perpetual economic depression.
MBA Mortgage Index 04/01 fell again -2.0% after falling -7.5% last month as housing is in a full double downturn.
Crude Inventories 04/02 rose 1.952M after rising last month in spite of the highest April gasoline prices in the history of America. The last time that happened the economy was in a state of free-fall by the end of the year.
This week
Apr 07 08:30 Initial Claims
Apr 07 08:30 Continuing Claims
Apr 07 15:00 Consumer Credit
Apr 08 10:00 Wholesale
Market Outlook April 7, 2011
The world markets are now holding their breath waiting to see if the markets plunge as the Obama socialists follow the Japanese socialist plan which is government spending into a PIIGS type oblivion while Germany and Britain are belt tightening their governments and raising interest rates so that money has some value. If the Republicans back down on their miniscule government cut the world thinks it is doomed to perpetual socialist self indulgent stupidity like we see in the Greek union riots.
The stock market is continuing to test its head and shoulders now. The markets all appear to be topping out. To us it looks like the 47dma is no longer a support level but instead has become the resistance level for a topping trend (head and shoulders) line.
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.
We need to warn you now to liquidate gold and silver when it has run up, not after it drops quickly back to about $400 and $8 respectively.
The success of 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. Silver fell back then to $3/oz. President Reagan was a supply-side advocate and ended the artificial shortages that president Jimmy caused in everything from toilet paper, gasoline, silver, and gold.
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 more than half of the stock market rise from the 2009 lows is unsupportable and could evaporate. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Asia seems to be waiting to see if the market breaks up or breaks down at this resistance point.
Asian markets were flat last night. China up 0.1%, Hong Kong down -0.1%, India down –0.1%, and Japan up 0.1%.
European markets are flat this morning in a range of about -0.2% to 0.2% half way through their day.
US pre-market futures are flat at about -0.1 % at 7:00 AM EST.
Character and values are no longer taught in our schools. A child’s character is 90% determined before they enter high school and by the 6th grade for the best and brightest students. Good character traits (virtues) were behaviors like being responsible, hard-working, conscientious, honest, dependable, prudent, respectful, considerate, fair, diligent, confident, reliable, responsive, trustworthy, and decisive. Developing a student with personal character, people skills, and leadership skills (virtues) was thought to be teaching students to take care of themselves. The education of the Founding Fathers focused on the highest human traits and with those traits the student could do anything and each one could educate his or herself. Today High School students must know more than their teachers because most teachers are such open minded leftists, their brains fell out long ago.
NASDAQ 100 Undertakes ‘rare’ rebalancing. This is called fraudulent market appreciation 101, the way all long term stock indices are doctored to deceive investors into thinking stocks do much better than is the actual case. When a stock has a big run-up the index is very high but is at a high risk of losing that gain when that over inflated stock goes back down. So what they do is they add rising stocks and remove stagnating companies before they decline. Apple is so high and still rising and they do not want the risk of seeing the index go back down.
What do they do? The WSJ says that the Nasdaq is reducing the weighting of Apple in a “rare rebalancing” of the Nasdaq 100 Index. To do that they effectively raise all the other stock values with a multiplier while cutting the apple share weighting multiplier. Yes, they rebalance by raising the values of the weak (using the weighting to hide it) so when apple drops in percent of the index, the index does not decline. It is indeed outright fraud and the SEC has been letting them do it. Later they will claim a 7% annual market gain since 1945 when without the legal fraud it would be about 4%. It is false advertising and investors need to be aware that the stock market is no more truthful than a used car dealership.
Bernacke/Obama want America to walk into the Japanese low interest trap of perpetual recession and economic stupidity.
It starts by spending the nation’s way into debt until as in Japan the debt exceeds the national income and it is impossible to pay down without national pain.
That spending spree is only possible by keeping the interest rate close to zero as they do in Japan where the people’s savings are taken by their government and the people get paid next to nothing in interest.
Eventually the debt is so large the government is trapped and has to avoid higher interest rates because it cannot afford that annual cost of the interest.
This makes an extremely unstable situation and if the Japanese were to stop saving and buy assets instead, the interest rate would soar and the value of the yen would plummet.
Obama socialists must be ejected along with the other socialists before the socialists give us perpetual economic recession as the communist Eastern Block had before they went bankrupt. The Japanese socialists have had a recession for 30 years now.
The Treasury Department predicts the U.S. will hit its $14.294 trillion debt limit no later than May 16. Government could already begin to shut down this weekend.
If Japan’s interest rate rises just 0.2% on their national debt then 70% of their national income would go just to paying the interest on their national debt.
A shortage of parts from disaster-ridden Japan is very likely to force Toyota to shut down its North American factories and impact roughly 25,000 workers. It’s not clear how long Toyota will be forced to close its facilities.
Warren Buffet is depicted was having become irrational and mentally unstable on GE/MSNBC/Pravda.
Portuguese bonds fell and the cost of insuring the nation’s debt rose to a record and the Euro weakened after Moody’s Investors Service said a bailout is inevitable. The interest Portugal pays on 10-year bonds climbed to 8.76%. Moody’s cut its rating on Portugal’s debt for the second time in three weeks, saying another downgrade may follow and the winner of elections in June will probably tap Europe’s bailout fund with “urgency.” The downgrade “is further evidence of the sovereign decay in the area. The European Central Bank will probably raise interest rates this week to contain inflation.
US Auto & Lt Truck Salesfor March are a week overdue as rumors of a slowdown loom due to Japanese parts shortages. Obama does not want to release the disappointing numbers.
A US government shutdown is looming.
Oil just hit a 30-Month High.
World Markets:
Ireland's ratings were lowered again.
China's stock market prices are in a triangle formation and will breakout probably within a week. 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 that have done little to balance their budgets. Spain will be the next to fall and socialist unions may riot. The contagion is spreading in the EU. Japan is now a walking debt ridden economic zombie because they took the communist position that everyone should be given a job for life. Unfortunately that leads to nuclear reactors and aircraft problems that kill people because there is no incentive to do a good job when the job is guaranteed.
US Market Highlights
Latest reports
IS Manufacturing Index Mar dropped to 61.2.from 61.4
Construction Spending Feb fell -1.4% or -2.5% depending on whether last -0.7% or the manipulated -1.8% is correct. When the numbers look bad and they take spending numbers they receive and move them backward that is corruption because in another week they will have to adjust the present numbers as well. Either always compare final numbers a week later or compare them at the end of the month. They do but not and could have a 5-wk interval last month and a 3 or 4 week interval this month.
Auto and truck sales still not being reported.
Yesterday
ISM Services industry index fell to 57.3 from 59.7
Fed Minutes indicate the FED is continuing down the path Japan took to perpetual socialist style perpetual economic depression.
MBA Mortgage Index 04/01 fell again -2.0% after falling -7.5% last month as housing is in a full double downturn.
Crude Inventories 04/02 rose 1.952M after rising last month in spite of the highest April gasoline prices in the history of America. The last time that happened the economy was in a state of free-fall by the end of the year.
This week
Apr 07 08:30 Initial Claims
Apr 07 08:30 Continuing Claims
Apr 07 15:00 Consumer Credit
Apr 08 10:00 Wholesale
Market Outlook April 7, 2011
The world markets are now holding their breath waiting to see if the markets plunge as the Obama socialists follow the Japanese socialist plan which is government spending into a PIIGS type oblivion while Germany and Britain are belt tightening their governments and raising interest rates so that money has some value. If the Republicans back down on their miniscule government cut the world thinks it is doomed to perpetual socialist self indulgent stupidity like we see in the Greek union riots.
The stock market is continuing to test its head and shoulders now. The markets all appear to be topping out. To us it looks like the 47dma is no longer a support level but instead has become the resistance level for a topping trend (head and shoulders) line.
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.
We need to warn you now to liquidate gold and silver when it has run up, not after it drops quickly back to about $400 and $8 respectively.
The success of 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. Silver fell back then to $3/oz. President Reagan was a supply-side advocate and ended the artificial shortages that president Jimmy caused in everything from toilet paper, gasoline, silver, and gold.
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 more than half of the stock market rise from the 2009 lows is unsupportable and could evaporate. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Asia seems to be waiting to see if the market breaks up or breaks down at this resistance point.
Asian markets were flat last night. China up 0.1%, Hong Kong down -0.1%, India down –0.1%, and Japan up 0.1%.
European markets are flat this morning in a range of about -0.2% to 0.2% half way through their day.
US pre-market futures are flat at about -0.1 % at 7:00 AM EST.
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