As IBM reported fantastic results, IBM insiders sold 52.3% of their IBM holdings in the last six months. The institutions were net sellers as well. But they told the public the stocks they are selling are a good buy??? Something is very wrong there! See:
http://finance.yahoo.com/q/it?s=IBM+Insider+Transactions
For the last six months, institutions and insiders have been selling DTV, Apple, Google, MS, Goldman, Mellon MOS, Disk and 92.3% of their exchange insider stocks taking their profits while MSNBC/Pravda/Crammer has been telling small investors to buy!buy!buy! Go do some checking on your stocks and don’t be surprised if institutions dumped 5% to 25% of their holdings in your stocks this year while getting on TV and telling you to buy and hold and not try to time your investments. Where are Obama’s regulators when the investment advisors are lying to the public and betting against their own recommendations? Isn’t that what Goldman Sucks was doing too with other banks fleecing charitable institutions, universities and even little fishing villages. Does Obama Murdock Madoff run the MSNBC/Pravda lying news empire?
QE2 did nothing fundamentally good for American corporations it just made corporation heavy debt look less bad on the balance sheet bottom line and cost the corporations higher taxes with paper profits. Most capital gains are little more than the effect of inflation, as every homeowner knows. You buy a house and it deteriorates but still the price doubles in ten years so they tax you for a 50% gain, which forces you to buy another house to push off the tax collector. Houses have had advantages but Obama thinks they are loopholes and that governments should create more inflation and tax you for the inflation. After all, Obama thinks if you have a home you must be the filthy rich.
The federal government helped fund a study that examined the effect a gay man's penis size has on his sex life. The study was among several encouraged by Obama’s appointee to the National Institutes of Health that have enraged taxpayers as examples of Obama wasting valuable tax dollars at a time when the country debt is getting out of control. This particular research resulted in a 2009 report titled, "The Association Between Penis Size and Sexual Health Among Men Who Have Sex with Men" which you can Google.
It is only leftist executives who don’t like America that move American businesses and jobs to leftist countries. Any good communist /Moslem/socialist would do the same. Think about it, is there one American capitalist who is moving American jobs to socialist countries? No. It is only being done by people who do not think America is still the land of opportunity and think that socialism and big government are better than American traditional freedoms.
Any Tea Party candidate who does not know about the American Revolution is indeed extremely stupid, possibly a disguised socialist, and therefore is as dangerous as any socialist candidate.
World Markets:
Israel is reported very near to launching pre-emptive strikes on Iran’s atomic bomb and missile facilities. Israel may have to annihilate the Iranian air force as well. The Moslem world is to busy killing one another right now to launch any ground strike.
Greek unions continue to strike and to destroy the economy of Greece that depends heavily on tourism. This time the taxis were abandoned blocking all the streets they possibly could block. The socialists destroy their economies and then blame the taxpayers. Pretty soon there are no taxpayers and that is when the socialists become dictators and use force to steal and squander the remaining national wealth. To socialists wealth is all relative. They don’t think they are impoverished as long as you have less wealth than they do.
India’s government sees growth imperiled with rising Italian-Greek-like tax evasion. The Indian hidden economy has grown based on cash transactions that fall below the government radar screen.
The ZEW Center for European Economic Research in Mannheim said its highly regarded index of Germany’s investor and analyst expectations, which aims to predict developments six months in advance, fell to minus 15.1 from minus 9 in June. That’s the lowest since January 2009.
Contagion grows in Europe as the debt of the private sector rivals the government debt. In the mean time Obama is growing the US debt contagion as fast as he can to help his “ethnic people” as much as possible before he is thrown out of office.
The EU bank test was a sham and yet many European banks still failed the tests based on too much government debt and private debt all at higher risk levels.
Italian and Spanish government rates continue to rise on speculation of defaults. High debt does not begin to really bite until the interest rates double then quadruple and finally reach 20% and force complete default.
US Economic Highlights
Past Week
MBA Mortgage Index 07/09 declined another -5.1%
Continuing Claims 07/02 3727K worse than last weeks 3681K
Retail Sales ex-auto Jun stagnated at 0.0%, 0.3% worse than last week.
Business Inventories May 1.0% rose again, from a not good 0.8%
Empire Manufacturing Jul -3.76 fell again after falling -7.79 last month
Mich Sentiment Jul 63.8 fell sharply from 71.5
Monday
Net Long-Term TIC Flows into the USA in May declined to $23.6B from $30.6B – not good
NAHB Housing Market Index Jul 15 rose to 14 from 13 –good
This week
Jul 19 8:30 AM Housing Starts Jun
Jul 19 8:30 AM Building Permits Jun
Jul 20 7:00 AM MBA Mortgage Purchase Index 07/16
Jul 20 10:00 AM Existing Home Sales Jun
Jul 20 10:30 AM Crude Inventories 07/16
Jul 21 8:30 AM Initial Claims 07/16
Jul 21 8:30 AM Continuing Claims 07/9
Jul 21 10:00 AM Philadelphia Fed Jul
Jul 21 10:00 AM Leading Indicators Jun
Jul 21 10:00 AM FHFA Housing Price Index May
Market Outlook July 19, 2011
In addition to the uncertainty about the U.S. economy, there can only be negativity if the U.S. Government’s functionality becomes paralyzed. In Europe, the stress tests are being seen as too soft, and it’s just postponing the day of reckoning.
Sy Harding's Street Smart Report Online financial website Asset Management Research ran this headline, “Why The Rosy Forecasts For The Current Quarter Are Garbage!” See: http://www.streetsmartpost.com/
We need to start thinking about buying opportunities. It could happen any day now and it could be a manipulated sell off as we had May 6, 2010. Be prepared for other special acquisition opportunities as well. Barnes and Nobel was thought to be going out of business when it was made an offer. Look at it now! It is hard to pick such candidates but some companies were best of breed and will survive just based on the value of their patents and customer base.
The long awaited market correction has started but the VIX possibly has become the latest indicator to be manipulated. Gamblers know how to “move the line” (change the odds) before taking their position. Then they secretly and quickly take a huge position in the opposite direction. For instance they could be selectively buying cheap futures on margin while selling stock and then quickly dump their futures and cause a panic sell off like May 6, of 2010. Then the VIX peaks quickly and investors are caught in the downdraft. While that is a real risk we need to think about the buying opportunities it presents for us before the dust clears.
http://finance.yahoo.com/q/bc?s=^VIX&t=1y&l=on&z=m&q=l&c=
Normally when the VIX peaks above 25 that would be the time to consider investing in stocks and shorting gold and silver. Gold has had its longest rising period in ninety years. But we now need to consider if Goldman Sucks and other large broker operations are also manipulating the VIX. We still have had no FBI investigation in how the brokers created the May 6 2010 total market collapse. The last rally still looks like the second shoulder of a classic head-and-shoulders sell signal. If that is the case there could be a sharp sell off. Perhaps it already occurred and the prices are suspended using futures. If that is the case a very sharp intra-day self-off could occur again and we need to be ready this time just as the Goldman Sucks brokers were when they scooped up manipulated deals the last time. See:
http://finance.yahoo.com/q/ta?s=%5ENYA&t=6m&l=on&z=m&q=l&p=e50%2Ce100&a=m26-12-9&c=
http://finance.yahoo.com/q/ta?s=%5ENYA&t=3m&l=on&z=m&q=l&p=e50%2Ce100&a=m26-12-9&c=
http://finance.yahoo.com/q/ta?s=^NYA&t=1y&l=on&z=l&q=l&p=e50%2Ce100&a=&c=
We can look forward to the removal of Obama from office and hope for a reincarnation of a Ronald Reagan type President who does not hate everything America stands for. Reagan was not stupid like some presidential candidates when it comes to knowledge of what the founding fathers did and how the American free enterprise system is supposed to work. Any Tea Party candidate who does not know about the American Revolution is indeed extremely stupid, or possibly a disguised socialist, and therefore is as dangerous as any socialist. Obama must go because he is a socialist ignoramus and a loser. A nation lead by an ignoramus loser becomes a loser. An army of sheep led by a lion would defeat an army of lions led by a sheep…. Arab Proverb
Recovery is one of Obama’s big lies. Click on the 5yr chart and see full effect of the slowdown in world dry shipments. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Asian Stocks were mixed last night. China down -0.7%, Hong Kong up 0.5%, India up 0.8%, Korea down –0.1%, Malaysia down –0.2% and Japan down –0.9%.
European markets are bouncing off a seven-month low and are up this morning in a range of about 0% to 1.4% half way through their day.
American markets are up 1% this morning at 7:00 AM
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment