Impeach Obama. He is violating the United States Constitution. Only the American Congress, not NATO has the right to engage the USA in a war.

Impeach Obama. He is violating the United States Constitution. Only the American Congress, not NATO has the right to engage the USA in a war. Obama said NATO authorized the US involvement in Libya not Congress.

The wise feel personal responsibility for what they do while the fools know ahead of time exactly who to blame for everything they lifted, lost, wasted, or abused. Clearly Obama is the fool since he still blames Bush and Republicans for every Obama mess he created.

Obama is also clearly is a simple-minded dictator at heart. For two years he dictated to his controlled Socialist-Democrat congress that passed all his rubbish legislation without anyone even reading it. Now Obama refuses to compromise on anything important. Obama thinks a government shutdown will be just the thing to make him look as smart as Bill Clinton. Obama is just stupid enough not to realize that he would become the first and only president to damage the US credit rating. What’s wrong with America! It seems this is the country of Obama and that is why we are going into debt so fast. Obama will not cut government because his voting base of sycophants knows how to rip off big government. This next link shows what Obama thinks is the definition of an entrepreneur.
http://www.sodahead.com/united-states/whats-wrong-with-america/question-1922429/

The U.S. could lose our AAA rating even with a debt deal, BlackRock’s Templeton said because Obama is so ignorant of financial matters. Obama is so ignorant he said this week that individual personal American credit ratings would go down if Obama destroys the American AAA rating. And it wasn’t just Obama it was also his ignorant staff saying that. Obama doesn’t even know that his stupidity reflects only on the American Government not the American people who are getting ready to throw all the socialist sycophants out in 2012. Currently, Jeffrey R. Immelt, GE president and Obama’s chief business advisor keeps GE’s American income taxes down to 3% while Obama keeps the business income tax rate at 35% for American companies that keep their jobs in America. General Electric Co.’s health care unit, the world’s biggest maker of medical imaging machines, is now moving the headquarters of its 115-year-old X-ray business to Beijing. Top managers will move to the Chinese capital and there won’t be any job cuts, said Anne LeGrand, general manager of X-ray for GE Healthcare because GE already moved all the other jobs there. The headquarters will move from Wisconsin amid a broader plan to invest about $2 billion across China, including opening six “customer innovation’’ and development centers. By moving the headquarters GE can avoid paying American taxes altogether on the business. Is Obama really so stupid or does he just hate American free enterprise?

World Markets:
Moody’s Profit Advanced 56% as soaring European debt issuance spurs ratings demand and Obama default looms.

Chinese bullet train suppliers, who helped build the world’s largest bullet-train network in less than a decade, could now struggle to sell equipment overseas after two locomotives collided, killing at least 39 people in China and all China’s trains are now running like snails.

China ordered two of their five fake Apple stores to close. Knockoffs and pirated technology are rampant in China. Stealing and plundering will never allow China to become great because as they become wealthy they will be sued in World Court for their thievery and violations of laws.

World markets continue to worsen and are predicting another world wide recession beginning within six months. The 200 and 100 day moving averages have crossed saying the stock markets are about to drop to recession lows. The USA markets are also getting close to a confirmation of the recession the world is now anticipating. All have head-and shoulder sell formations as well.

Emerging markets ready to plummet. Brazil http://finance.yahoo.com/q/ta?s=%5EBVSP&t=5y&l=on&z=l&q=l&p=e100%2Ce200&a=&c=

Asian markets ready to plummet. China
http://finance.yahoo.com/q/ta?t=5y&l=on&z=l&q=l&p=e100%2Ce200&a=&c=&s=^SSEC
India
http://finance.yahoo.com/q/ta?t=5y&l=on&z=l&q=l&p=e100%2Ce200&a=&c=&s=^BSESN

Europe’s markets ready to plummet. Swiss
http://finance.yahoo.com/q/ta?t=5y&l=on&z=l&q=l&p=e100%2Ce200&a=&c=&s=^SSMI

Obama job creation highlights:
 Obama health law to shrink US workforce by 800000 as it is phased in - J. Lester Feder
 Cisco Systems plans to cut 15 % or 11,500 of its staff and sell a set-top box factory.
 Hewlett-Packard plans to cut 9000 jobs.
 Micron to cut workforce by 15 % and slash flash output.
 SGI announced layoff of up to 10 % of its workforce.
 Maine company that refurbishes military vehicles may lay off nearly 50%its workers.
 Three people were struck by a car and two others were arrested after a fight broke out at a McDonald's during their National Day of Hiring

Past Week
Initial Unemployment Claims 07/16 418K up from 405K last week
Continuing Claims 07/9 3.698K down slightly from 3727K
Leading Indicators Jun 0.3% down from 0.8% no sign of recession

Yesterday
Case-Shiller 20-city housing price Index May fell -4.51% after falling -3.96% last month
Consumer Confidence Jul rose slightly to 59.5 from 58.5 last month
New Home Sales Jun were 312K but down from 319K in May. That is unusually bad for sales.

Today
Jul 27 7:00 AM MBA Mortgage Purchase Index 07/23
Jul 27 8:30 AM Durable Orders Jun
Jul 27 8:30 AM Durable Orders -ex Transporation Jun
Jul 27 10:30 AM Crude Inventories 07/23
Jul 27 2:00 PM Fed's Beige Book Jul

This week
Jul 28 8:30 AM Continuing Claims 07/16
Jul 28 8:30 AM Initial Claims 07/23
Jul 28 8:30 AM Continuing Claims 07/16
Jul 28 10:00 AM Pending Home Sales June
Jul 29 8:30 AM GDP-Adv. Q2
Jul 29 8:30 AM GDP Deflator Q2
Jul 29 8:30 AM Employment Cost Index Q2
Jul 29 9:45 AM Chicago PMI Jul
Jul 29 9:55 AM Michigan Sentiment - Final

Market Outlook July 27, 2011
Layoffs and unemployment are on the rise again but Obama still blames Bush. Mortgages are still being given to unqualified people as gifts from Obama for people of his ethnic heritage. With Obama’s spreading of taxpayer wealth to his socialist voting block 51% now pay no federal income taxes. Obama’s support base is made up of the derelicts and tycoons and other sycophants who know how to defraud big unmanageable government and how to avoid paying taxes. He appoints tax cheaters for advisors. The working people of America are being destroyed because that is what socialism does. The cheaters, psychopaths, sycophants and dictators love socialism in all its forms because they want power to rule and inevitably they must destroy and kill the productive and thinking people in order to rule. Look at the past Nazi, USSR and the Cambodian slaughterhouses.

“Buy stocks when blood is running on the streets,” is still good advice. Some great technologies are beaten down at such times. The collapse of prices normally rotates through the market and then the recoveries rotate in behind them. So it is recommended we do not buy any high flyers as the market bubble pops.

This could be the week when stock market volatility goes wild as Obama socialists refuse to stop pay-offs to government employee unions and other sycophants that are bleeding the economic life out of America. It shows American socialists are no different from Greek socialists or Russian socialists. American socialists are international socialists. While market complacency is now a very real risk we need to take advantage of the buying opportunities it presents. You can see the VIX beginning to rise. It usually is up to 30 or 40 before a crisis is normally over.
http://finance.yahoo.com/q/bc?s=^VIX&t=1y&l=on&z=m&q=l&c=


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. 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=^NYA&t=1y&l=on&z=l&q=l&p=e50%2Ce100&a=&c=

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 down slightly last night. China up 0.8%, Hong Kong down –0.1%, India down –0.4%, and Japan down –0.5%.

European markets are down this morning in a range of about -0.1% to –1.2% half way through their day.

American markets futures are down today in a range of about -0.1% to -0.3% this morning at 8:30 AM EST