World markets are predicting another world wide recession beginning within six months. Stock markets are about to drop to recession lows.

World markets are predicting another world wide recession beginning within six months. The 200 and 100 day moving averages have crossed many places 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.

Obama’s ‘Wet Blanket’ policies are killing American businesses and jobs said entrepreneur Wynn yesterday.
In a separate interview aired today on Bloomberg Television Wynn said, “The governmental policies in the United States of America are a damper, a wet blanket. They retard investment, they retard job formation, they retard the creation of a better life for the citizens in spite of the rhetoric of the president.”

Goldman Sucks reported profit of $1.05 billion on Tuesday, a weak showing that reflected the firm’s move to reduce risky holdings and cut back predatory trading activities. The second-quarter profit of $1.85 a share fell 26% short of analysts’ expectations of $2.27 a share. The performance of the investment bank, which has largely shed the legacy of betting against its clients during the financial meltdown, points to the new reality on Wall Street. Amid regulatory and economic uncertainty, Goldman has to struggle now to make an honest and ethical profit. Both GS employees and institutional investors were net sellers of GS stock during the last six months.

As IBM reported fantastic results, yet IBM insiders sold 52.3% of their IBM holdings in the last six months. The institutions were net sellers of IBM as well. But they told the public the stocks they are selling are a good buy??? Something is very wrong there! Why would IBM insiders sell 53% of their IBM stock so far this year?? 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?

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

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.

World Markets:
World markets 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.

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
Japan http://finance.yahoo.com/q/ta?t=5y&l=on&z=l&q=l&p=e100%2Ce200&a=&c=&s=^N225
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
French http://finance.yahoo.com/q/ta?t=5y&l=on&z=l&q=l&p=e100%2Ce200&a=&c=&s=^FCHI

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 too busy killing one another right now to launch any ground strike against Israel.

US Economic Highlights
Past Week
MBA Mortgage Index 07/09 declined another -5.1%
Mich Sentiment Jul 63.8 fell sharply from 71.5
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

Tuesday
Housing Starts Jun up to 629K from last month’s reported 560K good
Building Permits Jun up to 624K from last month’s reported 612K good

This week
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 20, 2011
Yesterday there was good news on housing. Demand is increasing even if many people are under water and in default. It could be that finally banks are beginning to take some losses so that they can get from under the overburden of default losses.

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. If insiders and institutions have been bailing out these past six months as trading records show, and if American small investors were not the buyers then it could be foreign buying that has propped up the American stock market. That would be all the more reason for a May 6, 2010 type event. 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. 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=

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 up slightly last night. China down -0.1%, Hong Kong up 0.5%, India down -0.8%,
and Japan up 1.2%.

European markets are up again this morning in a range of about 0.4% to 1.5% half way through their day.

American markets are up 0.5 to 1% this morning at 7:30 AM