Today could be an important day to keep tabs. In America you are free to be socialists and stupid.

Today could be an important day to keep tabs on the market. In America you are free to be socialists and stupid. Obama did not know what a PE ratio was and thought the DJI was just an economic indicator and not the valuation of the top corporations of the USA. Later, without his teleprompters and ear phone advisors he thought the Marines were a corpse not a corps. He is so stupid he can not give a speech without a teleprompter telling him what to say. One former Republican VP candidate is so stupid she thinks Paul Revere rang a little bell as he rode warning of the British and another Republican woman presidential candidate said the shot heard round the world was fired in New Hampshire not Boston. Now socialist democrat Governor Brown signed a law forcing California schools to have a social studies section on gays and lesbians and what they do, and San Francisco voted to make circumcision illegal and to release all illegals caught driving stolen cars because it would be too intelligent to stop terrorism as the Israelis do using profiling. Profiling is smart. If Moslems are the one's killing people 90% of the time you search Moslems for weapons and don't feel up blond bombshells and nuns. Are the American schoolteachers that bad and are current politicians and university professors just so stupid?

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.

A 50 percent likelihood that the U.S. will lose its top credit rating from Standard & Poor’s even if Congress reaches agreement on raising the debt ceiling left markets little changed. That is because Obama and the socialist democrats in Congress are no better than the socialist democrats in Greece are.


World Markets:
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.

Many European banks failed tests based on too much government debt and private debt is even at higher risk levels.
Italian and Spanish government rates rise on speculation of defaults.

Gold and silver back to new highs as socialist and communist politicians continue to loot their countries treasure.

US Economic Highlights
Past Week
MBA Mortgage Index 07/09 declined another -5.1%
MBA Mortgage Purchase Index 07/09 - delayed
Export Prices ex-ag. Jun 0.0% flat
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%

Friday
CPI Jun -0.2% fell with energy prices from 0.2%
Core CPI Jun 0.3% was constant at 0.3% or 3.6% with a FED goal of only 2.5%
Empire Manufacturing Jul -3.76 fell again after falling -7.79 last month
Industrial Production Jun 0.2% up slightly from 0.1%
Capacity Utilization Jun 76.7% flat at 76.7%
Mich Sentiment Jul 63.8 fell sharply from 71.5

This week
Jul 18 9:00 AM Net Long-Term TIC Flows May
Jul 18 10:00 AM NAHB Housing Market Index Jul
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 18, 2011

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 before the dust clears.

Normally when the VIX peaks above 25 that would be the time to consider investing in stocks and shorting gold and silver. 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 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/echarts?s=%5ENYA+Interactive#symbol=%5ENYA;range=

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. He was not stupid as 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. 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
http://finance.yahoo.com/q/bc?s=%5EVIX&t=2y&l=on&z=m&q=l&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 last night. China down -0.1%, Hong Kong down -0.1%, India down –0.3%, Korea down –0.7%, Malaysia down –0.9% and Japan closed.

European markets are down this morning in a range of about –1.1% to –2.1% half way through their day.

American markets are down -1% this morning at 7:30 AM