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.