“GE/MSNBC/Pravda’s socialist CEO Immelt must go for tax cheating” say the leftists.

“GE/MSNBC/Pravda’s socialist CEO Immelt must go for tax cheating” say the leftists.
Every leftist economic appointee of the Obama administration has been a tax cheater. GE paid only 3% taxes in recent years. An American worker pays about 10% but GE being a socialist company thinks 3% is too much. Socialists only like to spend OPM. (Other people’s money).
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Obama to Focus on Clean Energy, Daring Republicans to Call It 'Froufrou'. 'Froufrou' ? 'Froufrou'? Obama is such a leftist snob. 'Froufrou' ? 'Froufrou'? Give America a break Obama. They don’t even speak like that in Obama's homeland.

Qaddafi may seek exile in Venezuela.

World Markets:
Poland’s public debt rose to 53 percent of economic output last year yet still did not trigger any austerity measures, according to the Deputy Finance Minister. After all Japan has been over 100% for a decade.

European confidence in the economic outlook worsened in March but not nearly as much as reported in America on Tuesday. Surging energy costs, nuclear radiation, and Japan’s earthquake threatens global growth. The index of executive and consumer sentiment in the 17- nation euro region slipped to 107.3 from a revised 107.9 in February.

China's stock market prices are in a triangle formation going nowhere and will breakout probably within a month. At this point we believe the breakout will be down because most of the world is tightening belts now and letting interest rats rise to slow demand for debt. Higher rates will put extreme pressure on countries like the "PIIGS", Portugal, Ireland, Iceland, Greece, and Spain. Spain will be the next to fall and beg for a bailout because socialist unions will riot if they don't. The contagion is spreading in the EU.

US Market Highlights
Latest reports out
Personal Income rate for Feb dropped to 0.3% from 1.2% last month.
Personal Spending increased in Feb by 0.7from 0.3% last month.
PCE Prices - Core inflation in Feb was 0.2%/mo (2.4%/yr) up from 0.1%/mo or 1.2% last month.
Pending Home Sales Feb rose 2.1% offsetting most of the decline of -2.8% last month
Mar 29 Case-Shiller 20-city Index Jan fell 3.1%. US single family home prices fell for the seventh straight month bringing prices down to the April 2009 lows.
Consumer Confidence Mar plummeted steeply to 63.4 from 70.4 last month, a new three-month low.

MBA Mortgage Index 03/25 fell -7.5% after being up +2.7% last week
Challenger Job Cuts Mar down -38.6% canceling more than the 20% increase last month.
ADP Employment Change Mar 201K dropped 7K to 16K from last month which mover 9K forward by revising last month down to 208K from the original 217K Quote. Either way the new job creation shrunk at least 7K to 16K depending on how fraudulent the Obama team chose to be.
Crude Inventories 03/26 up slightly to 2.945M from 2.131M

Mar 31
Initial Claims 03/26 rose to either 388K or 400K depending on the degree of Obama manipulation from the 382K reported last week. This is more evidence of a double dip beginning in spite of lavish spending of America’s wealth.

Continuing Claims 03/19 is 3714K to 3755K because Obama moved 41K back so that last week’s report was raised to 3765K from its original reported 3721K which looked pretty good. Notice Obama always likes the current report to look better than the last and this time it took a transfer of 41K or an error of 1.5%.

Chicago PMI Mar showed that manufacturing got worse and stands at 70.6 down from 71.2 last month.

Factory Orders in Feb fell -0.1% after increasing 3.3% last month another sign of a slowdown.



Apr 1
Nonfarm Payrolls Mar rose to 216K from 192K
http://www.briefing.com/Investor/Public/Calendars/Econon micReleases/employ.htm

Nonfarm Private Payrolls rate Mar dropped to 230K from 240K
Unemployment Rate Mar dropped to 8.8% from 8.9%
Hourly Earnings Mar did not change for two months
Average Workweek Mar 34.3 did not change for two months
IS Manufacturing Index Mar dropped to 61.2 59.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.

Read more: http://www.briefing.com/Investor/Public/Calendars/EconomicCalendar.htm#ixzz1IHxoqzti
Auto Sales Apr
PM Truck Sales Apr

Market Outlook April 1, 2011
Treasury two- and five-year notes extended their second consecutive weekly loss on bets the world’s biggest economy withstands Tea Party efforts to reduce the deficit. The dollar and the cost of debt will cause Americans to suffer as long as Obama spends OPM to keep his ACORN welfare state alive.

The markets all previously broke below their 50 point moving averages and now appear to be topping out at that level last week. MSNBC lies and says the market did not break through the 50dma. You be the judge. To us it looks like the 47dma is no longer a support level but instead has become the resistance level or 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 about another 7% lower. But actually the main support starts about 17% lower than yesterday's close.

The high prices we are seeing are not due to high prosperity causing demand. The high prices are due to QE2 (easy credit) which is about to end and the artificial interruption of energy supplies by the socialists in the oval office. We need to warn you now to liquidate gold and silver as this could be like the market in 73 or 78 when the markets rose and then hit old bottoms. Under Jimmy Carter's malaise he cut energy supplies just as Obama is doing. The current move is in anticipation of a repeat of 1981. That was a one-time occurrence because the USA went off the gold standard in 1970 under President Nixon. The success or President Ronald Reagan was due to his selection of intelligent advisors not socialists and gold fell rapidly from $800/oz to $200/ox and stayed very low for almost 20 years. President Reagan was a supply-side advocate and ended the artificial shortages that president Jimmy caused in everything from toilet paper to gold.


World Markets
International trade shows that the world economy has only revived about 25% not the 60% shown by the stock and commodities markets. That means 60% of the stock market rise from the 2009 lows could evaporate as the initial rise evaporated under Jimmy Carter. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND

Asian markets were mixed last night. China up 1.3%, Hong Kong up 1.2%, India down -0.2%, and Japan down -0.5%.

European markets are up this morning in a range of about 0.1% to 1.1% half way through their day.

US pre-market futures are up slightly at about 0.3 % at 7:30 AM EST.