It appears the shorts miscalculated and are starting to cover themselves as corporations see this rare opportunity to buy back their stock at a substantial discount.
Corporate purchases could wipe out short sellers. Uncovered short sellers could face 500% losses to unlimited losses. Warren Buffett said he would/will buy $5Billion in Bank of America yesterday and the stock rose 10% on thenews. What happens when he actually does buy the BAC stock? The multiplier effect could be 20.
This video clearly shows that George Bush warned Congress starting in 2001, that this economic crisis was coming, if something was not done. But liberals and socialists refused to listen, along with the arrogant Congressman, Barney Frank.
Under the Obama National Socialists there is no longer freedom of the press. The truth can no longer be shown in America when it shows the Nationalist Socialists in Congress were corrupting Freddie and Fannie and turned on the spicket to ACORN and other corrupt welfare state organizations. This video says it all. The National Socialist media propaganda machine reportedly did not want this video on You Tube; it was taken off, a violation of our Constitutional right to freedom of the press. This link is of the same video, but is routed through Canada.
Everyone in America needs to see this before it is yanked off the Internet again! Let's see how far we can spread it before it's pulled off the Canadian site.
http://www.youtube.com/watch_popup?v=cMnSp4qEXNM&NR=1
Short positions are at a record high right now and as soon as volume declines again they will get whipped out in the rally. When that happens the covering of short positions will become a significant boost to buying volume. Many companies are likely to buy back their shares at a time when price-to-earnings ratios are low, providing a trigger for a rally of 10% or half the recent 20% decline. We plan to sell when we get a sell signal. It is entirely possible that the rally could reach the recent highs depending on how fast U.S. companies buy back shares since they have high cash ratios and buy backs enormously increase the rise in earnings per share. Warren Buffet said he would invest $5Billion in Bank of America. We are just seeing the corporate money ready to flow into the market and wipe out all the short sellers thus starting another rally. As prices fall it becomes more possible for corporations to take their firms private. Then short sellers could go –500% in the hole.
While the U.S. rate of expansion has slowed slightly, the Chicago Fed’s index of 85 economic indicators improved in July for a third month on gains in production.
Obama is barking at the banks hard now for them to act on all the “liar loan” mortgages he made them accept from his “chosen people.” He forced Bank of America to buy Merrill Lynch and Country Wide and then destroyed Ken Lewis for living to talk about it. Obama knows that Fannie and Freddie were bankrupted by his “liar loans” but instead of admitting his (and Barney Franks) biggest ever shakedown of American taxpayers Obama instead prolongs their dissolution causing bank stagnation and an inability to fund a recovery. As Obama’s “chosen people” continue to strip the vacant homes of their copper plumbing and wiring essentially gutting the houses so they become condemned and worthless. Obama is not letting the housing crisis get resolved because the "liar loan" losses show just how stupid his socialist ideas are and have been. Barking Obama’s socialism is government of the lazy, stupid, and pot heads, by the lazy, stupid, and pot heads, for the lazy, stupid, and pot heads.
We need to stop the handouts to Obama’s chosen people because when all the stupid and lazy people in Greece, America, and the rest of the world are forced to work for a living, we can get out of the debt crisis because the welfare state is the debt crisis.
World Markets:
Japan to invest $2Billion in consolidation of display technology manufacturing in Japan.
Memory manufacturers are seeing a price collapse across the world.
Containers slump to 50-year low as ships from China slow further. China is now facing its first sharp contraction.
The cost of insuring against default on European sovereign and corporate debt fell for a second day on speculation the Federal Reserve will again stimulate growth in the world.
Socialist and economists from Pacific Investment Management to the communists at Harvard say ensuring the euro’s existence may require members to leave the 17-nation currency region. So far the rescue bill includes $524 billion in official loans to Greece, Portugal and Ireland, the creation of a 440-billion euro rescue fund and 96 billion euros in bond buying by the European Central Bank.
World markets may have set lows for now and in some cases they set double bottoms.
China
http://finance.yahoo.com/echarts?s=000001.SS+Interactive#chart2:symbol=000001.ss;range=2y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
Germany
http://finance.yahoo.com/echarts?s=%5EGDAXI+Interactive#chart1:symbol=^gdaxi;range=1m;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
The Swiss government and central bank talks about a possible target for the Swiss franc to halt its gains has failed and the Swiss franc is rising again. The Swiss market has not yet double bottomed and has a way to go.
http://finance.yahoo.com/echarts?s=^SSMI+Interactive#chart2:symbol=^ssmi;range=1m;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
Emerging markets also will fall further before they double bottom.
http://finance.yahoo.com/echarts?s=^BVSP+Interactive#symbol=%5EBVSP;range=
http://finance.yahoo.com/echarts?s=000001.SS+Interactive#chart1:symbol=000001.ss;range=1m;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
American Economy-
Last week
Leading Indicators Jul 0.5% up from 0.3%. very good
Durable Orders Jul up 4.0% after bad news -1.9% in June.
Durable Orders -ex Transportation Jul up 0.7% on top of a good up 0.4% last month
FHFA Housing Price Index Jun up 0.9% after increasing 0.4% last month…great news for housing stocks.
GDP - Second Estimate Q2 1.0% down from 1.3%, the first estimate
GDP Deflator - Second Estimate Q2 2.4% up from 2.3%, the first estimate. GDP deflators measure the change in prices in total GDP.
Therefore the inflation adjusted GDP of the Second Estimate second quarter is - Q2 -1.30% down from -1.0%, in the first estimate. That is right the real GDP shrunk another -1.3% in the second quarter.
Michigan Sentiment - Final Aug 55.7 up from 54.9 last month
This week
Personal Income Jul up 0.3% better than last months 0.1%
Personal Spending Jul up 0.8% much better than last months -0.2%
PCE Prices - Core Jul 0.2% not deflationary like last months 0.1%
Pending Home Sales Jun -1.3% not good last months 2.4%
Yesterday
Case-Shiller 20-city Index Jun -4.52% like last months -4.51%
Consumer Confidence Aug 44.5 far down from 59.5 (an outlier or cross-over??)
http://www.martincapital.com/index.php?page=graph&view=consumer_confidence
FED minutes support continued easing.
This Week
Aug 31 7:00 AM MBA Mortgage Index 08/27
Aug 31 7:30 AM Challenger Job Cuts Aug
Aug 31 8:15 AM ADP Employment Change Aug
Aug 31 9:45 AM Chicago PMI Aug
Aug 31 10:00 AM Factory Orders Jul
Aug 31 10:30 AM Crude Inventories 08/27
Sep 1 8:30 AM Initial Claims 08/27
Sep 1 8:30 AM Continuing Claims 08/20
Sep 1 8:30 AM Productivity-Rev. Q2
Sep 1 8:30 AM Unit Labor Costs - Rev. Q2
Sep 1 10:00 AM ISM Index Aug
Sep 1 10:00 AM Construction Spending Jul
Sep 1 3:00 PM Auto Sales Sep - NA NA 3.93M
Sep 1 3:00 PM Truck Sales Sep - NA NA 5.56M -
Sep 2 8:30 AM Nonfarm Payrolls Aug - 75K 73K 117K -
Sep 2 8:30 AM Nonfarm Private Payrolls Aug - 100K 110K 154K -
Sep 2 8:30 AM Unemployment Rate Aug - 9.2% 9.1% 9.1% -
Sep 2 8:30 AM Hourly Earnings Aug - 0.2% 0.2% 0.4% -
Sep 2 8:30 AM Average Workweek Aug
Market Outlook August 31 2011
Short sellers are in a panic and are trying to create fear so that they can make a profit. But some are beginning to cover themselves and that plus stock buy-backs are underlying the economy.
Structural issues have stalled world growth. A welfare dependent voting block now elects socialists and communists across the free world. Governments became too large in order to manage welfare, social programs, and government worker unions. Social Security has been diverted to welfare. Government investment in business investment has been diverted to welfare via affirmative action. Government in Freddie and Fannie has transferred $Trillions via affirmative action to people with no visible work ethic or means of personal support. We are an Obama welfare state and he will suggest more government hiring. The only program of government jobs that does work in the short run is to put long term unemployed and welfare recipients into to work programs sweeping streets, cutting grass, cleaning rivers and forests, shoveling snow etc as was done under Clinton for welfare reform.
The market rally should be somewhere between 50% and 90% of the way to the recent spring highs. There may be some consolidation today after Bernacke speaks. We expect a short squeeze to begin as investor volume dries up and corporations find buying their own stock or even other corporations is too good to pass up. The short squeeze will start on it own and then others will jump in so as not to miss the opportunity.
We expect the VIX to continue to decline as the panic of smaller investors subsides similar to after the flash crash of May 6, 2010
http://finance.yahoo.com/q/bc?s=^VIX&t=5y&l=on&z=m&q=l&c=
We expect a normal advance now of up to at least 50% of the total decline. See:
http://finance.yahoo.com/q/ta?s=^NYA&t=6m&l=on&z=l&q=l&p=e50%2Ce100&a=&c=
Economic recovery the past two years was one of Obama’s big lies as he continued to divide Americans, destroyed the American economy with socialism and corruption, and barked at Congress and the increasing numbers of disappointed voters. But could the bulk shipments finally be getting ready to break out? See 3yr and 5yr charts at:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stocks were up last night. China down 0.1%, Hong Kong up 1.6%, India closed, Straits up 3.6%, and Japan up 0%.
European markets are up today 0.8% to 1.6% half way through their day.
American markets futures are up about 0.8% at 7 AM EST
We expect the stock market run-up could be fast now with corporations buying back their own stock at least 50% of the way, possibly to 90% of the recent highs. Corporations have over $500 billion in cash to invest and it does not look like they will invest in jobs as long as stupid barking Obama’s socialized medicine and new stupid barking Obama new taxes loom. Remember if the money multiplier effect is 20:1(the money changes hands 20 times) that $500billion becomes $10Trillion so it would only take 10% of the corporations to buy back and to put $1trillion into the stock market
Wednesday, August 31, 2011
Tuesday, August 30, 2011
As soon as he began blaming everyone but himself, voters knew he was an irresponsible jerk.
As soon as he began blaming everyone but himself, voters knew he was an irresponsible jerk. Who is he? Everyone knows without mentioning his name.
Hurricane Irene shut us down for a day and the market took off on relatively low volume. It appears the shorts are starting to cover themselves.
Corporate purchases could wipe out short sellers. Uncovered short sellers could face 500% losses to unlimited losses. Warren Buffett said he would/will buy $5Billion in Bank of America yesterday and the stock rose 10% on thenews. What happens when he actually does buy the BAC stock? The multiplier effect could be 20.
This video clearly shows that George Bush warned Congress starting in 2001, that this economic crisis was coming, if something was not done. But liberals and socialists refused to listen, along with the arrogant Congressman, Barney Frank.
This video says it all. The liberal media reportedly did not want this video on You Tube; it was taken off, a violation of our Constitutional right to freedom of the press. This link is of the same video, but is routed through Canada.
Everyone in America needs to see this before it is yanked off the Internet again! Let's see how far we can spread it before it's pulled off the Canadian site.
http://www.youtube.com/watch_popup?v=cMnSp4qEXNM&NR=1
Short positions are at a record high right now and as soon as volume declines again they will get whipped out in the rally. When that happens the covering of short positions will become a significant boost to buying volume. Many companies are likely to buy back their shares at a time when price-to-earnings ratios are low, providing a trigger for a rally of 10% or half the recent 20% decline. We plan to sell when we get a sell signal. It is entirely possible that the rally could reach the recent highs depending on how fast U.S. companies buy back shares since they have high cash ratios and buy backs enormously increase the rise in earnings per share. Warren Buffet said he would invest $5Billion in Bank of America. We are just seeing the corporate money ready to flow into the market and wipe out all the short sellers thus starting another rally. As prices fall it becomes more possible for corporations to take their firms private. Then short sellers could go –500% in the hole.
While the U.S. rate of expansion has slowed slightly, the Chicago Fed’s index of 85 economic indicators improved in July for a third month on gains in production.
Obama is barking at the banks hard now for them to act on all the “liar loan” mortgages he made them accept from his “chosen people.” He forced Bank of America to buy Merrill Lynch and Country Wide and then destroyed Ken Lewis for living to talk about it. Obama knows that Fannie and Freddie were bankrupted by his “liar loans” but instead of admitting his (and Barney Franks) biggest ever shakedown of American taxpayers Obama instead prolongs their dissolution causing bank stagnation and an inability to fund a recovery. As Obama’s “chosen people” continue to strip the vacant homes of their copper plumbing and wiring essentially gutting the houses so they become condemned and worthless. Obama is not letting the housing crisis get resolved because the "liar loan" losses show just how stupid his socialist ideas are and have been. Barking Obama’s socialism is government of the lazy, stupid, and pot heads, by the lazy, stupid, and pot heads, for the lazy, stupid, and pot heads.
We need to stop the handouts to Obama’s chosen people because when all the stupid and lazy people in Greece, America, and the rest of the world are forced to work for a living, we can get out of the debt crisis because the welfare state is the debt crisis.
World Markets:
Gold dropped almost 6% yesterday alone. Silver currently is about 80% overpriced. Bonds, especially higher rate bonds your brokers have been pushing people into during the past year are plunging in value faster than seen since Lehman failed.
http://www.goldprice.org/gold-price.html
Socialist and economists from Pacific Investment Management to the communists at Harvard say ensuring the euro’s existence may require members to leave the 17-nation currency region. So far the rescue bill includes $524 billion in official loans to Greece, Portugal and Ireland, the creation of a 440-billion euro rescue fund and 96 billion euros in bond buying by the European Central Bank.
World markets may have set lows for now and in some cases they set double bottoms.
China
http://finance.yahoo.com/echarts?s=000001.SS+Interactive#chart2:symbol=000001.ss;range=2y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
Germany
http://finance.yahoo.com/echarts?s=%5EGDAXI+Interactive#chart1:symbol=^gdaxi;range=1m;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
The Swiss government and central bank talks about a possible target for the Swiss franc to halt its gains has failed and the Swiss franc is rising again. The Swiss market has not yet double bottomed and has a way to go.
http://finance.yahoo.com/echarts?s=^SSMI+Interactive#chart2:symbol=^ssmi;range=1m;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
Emerging markets also will fall further before they double bottom.
http://finance.yahoo.com/echarts?s=^BVSP+Interactive#symbol=%5EBVSP;range=
http://finance.yahoo.com/echarts?s=000001.SS+Interactive#chart1:symbol=000001.ss;range=1m;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
American Economy-
Last week
Leading Indicators Jul 0.5% up from 0.3%. very good
Durable Orders Jul up 4.0% after bad news -1.9% in June.
Durable Orders -ex Transportation Jul up 0.7% on top of a good up 0.4% last month
FHFA Housing Price Index Jun up 0.9% after increasing 0.4% last month…great news for housing stocks.
GDP - Second Estimate Q2 1.0% down from 1.3%, the first estimate
GDP Deflator - Second Estimate Q2 2.4% up from 2.3%, the first estimate. GDP deflators measure the change in prices in total GDP.
Therefore the inflation adjusted GDP of the Second Estimate second quarter is - Q2 -1.30% down from -1.0%, in the first estimate. That is right the real GDP shrunk another -1.3% in the second quarter.
Michigan Sentiment - Final Aug 55.7 up from 54.9 last month
Monday
Personal Income Jul up 0.3% better than last months 0.1%
Personal Spending Jul up 0.8% much better than last months -0.2%
PCE Prices - Core Jul 0.2% not deflationary like last months 0.1%
Pending Home Sales Jun -1.3% not good last months 2.4%
This Week
Aug 30 9:00 AM Case-Shiller 20-city Index Jun
Aug 30 10:00 AM Consumer Confidence Aug
Aug 30 2:00 PM FOMC Minutes Aug. 9
Aug 31 7:00 AM MBA Mortgage Index 08/27
Aug 31 7:30 AM Challenger Job Cuts Aug
Aug 31 8:15 AM ADP Employment Change Aug
Aug 31 9:45 AM Chicago PMI Aug
Aug 31 10:00 AM Factory Orders Jul
Aug 31 10:30 AM Crude Inventories 08/27
Sep 1 8:30 AM Initial Claims 08/27
Sep 1 8:30 AM Continuing Claims 08/20
Sep 1 8:30 AM Productivity-Rev. Q2
Sep 1 8:30 AM Unit Labor Costs - Rev. Q2
Sep 1 10:00 AM ISM Index Aug
Sep 1 10:00 AM Construction Spending Jul
Sep 1 3:00 PM Auto Sales Sep - NA NA 3.93M
Sep 1 3:00 PM Truck Sales Sep - NA NA 5.56M -
Sep 2 8:30 AM Nonfarm Payrolls Aug - 75K 73K 117K -
Sep 2 8:30 AM Nonfarm Private Payrolls Aug - 100K 110K 154K -
Sep 2 8:30 AM Unemployment Rate Aug - 9.2% 9.1% 9.1% -
Sep 2 8:30 AM Hourly Earnings Aug - 0.2% 0.2% 0.4% -
Sep 2 8:30 AM Average Workweek Aug
Market Outlook August 29 & 30 2011
The market rally should be somewhere between 50% and 90% of the way to the recent spring highs. There may be some consolidation today after Bernacke speaks. We expect a short squeeze to begin as investor volume dries up and corporations find buying their own stock or even other corporations is too good to pass up. The short squeeze will start on it own and then others will jump in so as not to miss the opportunity.
We expect the VIX to continue to decline as the panic of smaller investors subsides similar to after the flash crash of May 6, 2010
http://finance.yahoo.com/q/bc?s=^VIX&t=3m&l=on&z=m&q=l&c=
We expect a normal advance now of up to at least 50% of the total decline. See:
http://finance.yahoo.com/q/ta?s=^NYA&t=6m&l=on&z=l&q=l&p=e50%2Ce100&a=&c=
Economic recovery the past two years was one of Obama’s big lies as he continued to divide Americans, destroyed the American economy with socialism and corruption, and barked at Congress and the increasing numbers of disappointed voters. But could the bulk shipments finally be getting ready to break out? See 3yr and 5yr charts at:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Yesterday
Asian Stocks were down last night. China down –1.4%, Hong Kong up 1.4%, India up 3.6%, and Japan up 0.6%.
European markets are up today by about 0% to 2% half way through their day.
American markets futures are up about 1% at 9 AM EST
Today
Asian Stocks were down last night. China down –0.4%, Hong Kong up 1.7%, India up 1.6%, and Japan up 1.2%.
European markets are mixed today -0.6% to 2.2% half way through their day.
American markets futures are down about -0.4% at 9 AM EST
We expect the stock market run-up could be fast now with corporations buying back their own stock at least 50% of the way, possibly to 90% of the recent highs. Corporations have over $500 billion in cash to invest and it does not look like they will invest in jobs as long as stupid barking Obama’s socialized medicine and new stupid barking Obama new taxes loom. Remember if the money multiplier effect is 20:1(the money changes hands 20 times) that $500billion becomes $10Trillion so it would only take 10% of the corporations to buy back and to put $1trillion into the stock market
Hurricane Irene shut us down for a day and the market took off on relatively low volume. It appears the shorts are starting to cover themselves.
Corporate purchases could wipe out short sellers. Uncovered short sellers could face 500% losses to unlimited losses. Warren Buffett said he would/will buy $5Billion in Bank of America yesterday and the stock rose 10% on thenews. What happens when he actually does buy the BAC stock? The multiplier effect could be 20.
This video clearly shows that George Bush warned Congress starting in 2001, that this economic crisis was coming, if something was not done. But liberals and socialists refused to listen, along with the arrogant Congressman, Barney Frank.
This video says it all. The liberal media reportedly did not want this video on You Tube; it was taken off, a violation of our Constitutional right to freedom of the press. This link is of the same video, but is routed through Canada.
Everyone in America needs to see this before it is yanked off the Internet again! Let's see how far we can spread it before it's pulled off the Canadian site.
http://www.youtube.com/watch_popup?v=cMnSp4qEXNM&NR=1
Short positions are at a record high right now and as soon as volume declines again they will get whipped out in the rally. When that happens the covering of short positions will become a significant boost to buying volume. Many companies are likely to buy back their shares at a time when price-to-earnings ratios are low, providing a trigger for a rally of 10% or half the recent 20% decline. We plan to sell when we get a sell signal. It is entirely possible that the rally could reach the recent highs depending on how fast U.S. companies buy back shares since they have high cash ratios and buy backs enormously increase the rise in earnings per share. Warren Buffet said he would invest $5Billion in Bank of America. We are just seeing the corporate money ready to flow into the market and wipe out all the short sellers thus starting another rally. As prices fall it becomes more possible for corporations to take their firms private. Then short sellers could go –500% in the hole.
While the U.S. rate of expansion has slowed slightly, the Chicago Fed’s index of 85 economic indicators improved in July for a third month on gains in production.
Obama is barking at the banks hard now for them to act on all the “liar loan” mortgages he made them accept from his “chosen people.” He forced Bank of America to buy Merrill Lynch and Country Wide and then destroyed Ken Lewis for living to talk about it. Obama knows that Fannie and Freddie were bankrupted by his “liar loans” but instead of admitting his (and Barney Franks) biggest ever shakedown of American taxpayers Obama instead prolongs their dissolution causing bank stagnation and an inability to fund a recovery. As Obama’s “chosen people” continue to strip the vacant homes of their copper plumbing and wiring essentially gutting the houses so they become condemned and worthless. Obama is not letting the housing crisis get resolved because the "liar loan" losses show just how stupid his socialist ideas are and have been. Barking Obama’s socialism is government of the lazy, stupid, and pot heads, by the lazy, stupid, and pot heads, for the lazy, stupid, and pot heads.
We need to stop the handouts to Obama’s chosen people because when all the stupid and lazy people in Greece, America, and the rest of the world are forced to work for a living, we can get out of the debt crisis because the welfare state is the debt crisis.
World Markets:
Gold dropped almost 6% yesterday alone. Silver currently is about 80% overpriced. Bonds, especially higher rate bonds your brokers have been pushing people into during the past year are plunging in value faster than seen since Lehman failed.
http://www.goldprice.org/gold-price.html
Socialist and economists from Pacific Investment Management to the communists at Harvard say ensuring the euro’s existence may require members to leave the 17-nation currency region. So far the rescue bill includes $524 billion in official loans to Greece, Portugal and Ireland, the creation of a 440-billion euro rescue fund and 96 billion euros in bond buying by the European Central Bank.
World markets may have set lows for now and in some cases they set double bottoms.
China
http://finance.yahoo.com/echarts?s=000001.SS+Interactive#chart2:symbol=000001.ss;range=2y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
Germany
http://finance.yahoo.com/echarts?s=%5EGDAXI+Interactive#chart1:symbol=^gdaxi;range=1m;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
The Swiss government and central bank talks about a possible target for the Swiss franc to halt its gains has failed and the Swiss franc is rising again. The Swiss market has not yet double bottomed and has a way to go.
http://finance.yahoo.com/echarts?s=^SSMI+Interactive#chart2:symbol=^ssmi;range=1m;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
Emerging markets also will fall further before they double bottom.
http://finance.yahoo.com/echarts?s=^BVSP+Interactive#symbol=%5EBVSP;range=
http://finance.yahoo.com/echarts?s=000001.SS+Interactive#chart1:symbol=000001.ss;range=1m;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
American Economy-
Last week
Leading Indicators Jul 0.5% up from 0.3%. very good
Durable Orders Jul up 4.0% after bad news -1.9% in June.
Durable Orders -ex Transportation Jul up 0.7% on top of a good up 0.4% last month
FHFA Housing Price Index Jun up 0.9% after increasing 0.4% last month…great news for housing stocks.
GDP - Second Estimate Q2 1.0% down from 1.3%, the first estimate
GDP Deflator - Second Estimate Q2 2.4% up from 2.3%, the first estimate. GDP deflators measure the change in prices in total GDP.
Therefore the inflation adjusted GDP of the Second Estimate second quarter is - Q2 -1.30% down from -1.0%, in the first estimate. That is right the real GDP shrunk another -1.3% in the second quarter.
Michigan Sentiment - Final Aug 55.7 up from 54.9 last month
Monday
Personal Income Jul up 0.3% better than last months 0.1%
Personal Spending Jul up 0.8% much better than last months -0.2%
PCE Prices - Core Jul 0.2% not deflationary like last months 0.1%
Pending Home Sales Jun -1.3% not good last months 2.4%
This Week
Aug 30 9:00 AM Case-Shiller 20-city Index Jun
Aug 30 10:00 AM Consumer Confidence Aug
Aug 30 2:00 PM FOMC Minutes Aug. 9
Aug 31 7:00 AM MBA Mortgage Index 08/27
Aug 31 7:30 AM Challenger Job Cuts Aug
Aug 31 8:15 AM ADP Employment Change Aug
Aug 31 9:45 AM Chicago PMI Aug
Aug 31 10:00 AM Factory Orders Jul
Aug 31 10:30 AM Crude Inventories 08/27
Sep 1 8:30 AM Initial Claims 08/27
Sep 1 8:30 AM Continuing Claims 08/20
Sep 1 8:30 AM Productivity-Rev. Q2
Sep 1 8:30 AM Unit Labor Costs - Rev. Q2
Sep 1 10:00 AM ISM Index Aug
Sep 1 10:00 AM Construction Spending Jul
Sep 1 3:00 PM Auto Sales Sep - NA NA 3.93M
Sep 1 3:00 PM Truck Sales Sep - NA NA 5.56M -
Sep 2 8:30 AM Nonfarm Payrolls Aug - 75K 73K 117K -
Sep 2 8:30 AM Nonfarm Private Payrolls Aug - 100K 110K 154K -
Sep 2 8:30 AM Unemployment Rate Aug - 9.2% 9.1% 9.1% -
Sep 2 8:30 AM Hourly Earnings Aug - 0.2% 0.2% 0.4% -
Sep 2 8:30 AM Average Workweek Aug
Market Outlook August 29 & 30 2011
The market rally should be somewhere between 50% and 90% of the way to the recent spring highs. There may be some consolidation today after Bernacke speaks. We expect a short squeeze to begin as investor volume dries up and corporations find buying their own stock or even other corporations is too good to pass up. The short squeeze will start on it own and then others will jump in so as not to miss the opportunity.
We expect the VIX to continue to decline as the panic of smaller investors subsides similar to after the flash crash of May 6, 2010
http://finance.yahoo.com/q/bc?s=^VIX&t=3m&l=on&z=m&q=l&c=
We expect a normal advance now of up to at least 50% of the total decline. See:
http://finance.yahoo.com/q/ta?s=^NYA&t=6m&l=on&z=l&q=l&p=e50%2Ce100&a=&c=
Economic recovery the past two years was one of Obama’s big lies as he continued to divide Americans, destroyed the American economy with socialism and corruption, and barked at Congress and the increasing numbers of disappointed voters. But could the bulk shipments finally be getting ready to break out? See 3yr and 5yr charts at:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Yesterday
Asian Stocks were down last night. China down –1.4%, Hong Kong up 1.4%, India up 3.6%, and Japan up 0.6%.
European markets are up today by about 0% to 2% half way through their day.
American markets futures are up about 1% at 9 AM EST
Today
Asian Stocks were down last night. China down –0.4%, Hong Kong up 1.7%, India up 1.6%, and Japan up 1.2%.
European markets are mixed today -0.6% to 2.2% half way through their day.
American markets futures are down about -0.4% at 9 AM EST
We expect the stock market run-up could be fast now with corporations buying back their own stock at least 50% of the way, possibly to 90% of the recent highs. Corporations have over $500 billion in cash to invest and it does not look like they will invest in jobs as long as stupid barking Obama’s socialized medicine and new stupid barking Obama new taxes loom. Remember if the money multiplier effect is 20:1(the money changes hands 20 times) that $500billion becomes $10Trillion so it would only take 10% of the corporations to buy back and to put $1trillion into the stock market
Friday, August 26, 2011
Corporate purchases could wipe out short sellers. Uncovered short sellers could face 500% losses to unlimited losses.
Corporate purchases could wipe out short sellers. Uncovered short sellers could face 500% losses to unlimited losses. Warren Buffett said he would/will buy $5Billion in Bank of America yesterday and the stock rose 10% on thenews. What happens when he actually does buy the BAC stock? The multiplier effect could be 20.
http://www.ibtimes.com/articles/204321/20110826/warren-buffett-berkshire-hathaway-bank-of-america-goldman-sachs-preferred-stock-bac-morgan-stanley.htm
Many companies are likely to buy back their shares at a time when price-to-earnings ratios are low, providing a trigger for a rally of 10% or half the recent 20% decline. We plan to sell when we get a sell signal. It is entirely possible that the rally could reach the recent highs depending on how fast U.S. companies buy back shares since they have high cash ratios and buy backs enormously increase the rise in earnings per share. Warren Buffet said he would invest $5Billion in Bank of America yesterday. We are just seeing the corporate money ready to flow into the market and wipe out all the short sellers thus starting another rally. As prices fall it becomes more possible for corporations to take their firms private. Then short sellers could go –500% in the hole.
While the U.S. rate of expansion has slowed slightly, the Chicago Fed’s index of 85 economic indicators improved in July for a third month on gains in production.
Obama is barking at the banks hard now for them to act on all the “liar loan” mortgages he made them accept from his “chosen people.” He forced Bank of America to buy Merrill Lynch and Country Wide and then destroyed Ken Lewis for living to talk about it. Obama knows that Fannie and Freddie were bankrupted by his “liar loans” but instead of admitting his (and Barney Franks) biggest ever shakedown of American taxpayers Obama instead prolongs their dissolution causing bank stagnation and an inability to fund a recovery. As Obama’s “chosen people” continue to strip the vacant homes of their copper plumbing and wiring essentially gutting the houses so they become condemned and worthless. Obama is not letting the housing crisis get resolved because the "liar loan" losses show just how stupid his socialist ideas are and have been. Barking Obama’s socialism is government of the lazy, stupid, and pot heads, by the lazy, stupid, and pot heads, for the lazy, stupid, and pot heads.
We need to stop the handouts to Obama’s chosen people because when all the stupid, and lazy people in Greece, America, and the rest of the world are forced to work for a living, we can get out of the debt crisis because the welfare state is the debt crisis.
World Markets:
Gold plunged below $1800; a dramatic reversal from a record-setting run that bred complacency about the yellow metal's risks. Gold dropped almost 6% yesterday alone. Silver currently is about 80% overpriced. Bonds, especially higher rate bonds your brokers have been pushing people into during the past year are plunging in value faster than seen since Lehman failed.
http://www.goldprice.org/gold-price.html
Socialist and economists from Pacific Investment Management to the communists at Harvard say ensuring the euro’s existence may require members to leave the 17-nation currency region. So far the rescue bill includes $524 billion in official loans to Greece, Portugal and Ireland, the creation of a 440-billion euro rescue fund and 96 billion euros in bond buying by the European Central Bank.
World markets may have set lows for now and in some cases they set double bottoms.
China
http://finance.yahoo.com/echarts?s=000001.SS+Interactive#chart2:symbol=000001.ss;range=2y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
Germany
http://finance.yahoo.com/echarts?s=%5EGDAXI+Interactive#chart1:symbol=^gdaxi;range=1m;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
The Swiss government and central bank talks about a possible target for the Swiss franc to halt its gains has failed and the Swiss franc is rising again. The Swiss market has not yet double bottomed and has a way to go.
http://finance.yahoo.com/echarts?s=^SSMI+Interactive#chart2:symbol=^ssmi;range=1m;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
Emerging markets also will fall further before they double bottom.
http://finance.yahoo.com/echarts?s=^BVSP+Interactive#symbol=%5EBVSP;range=
http://finance.yahoo.com/echarts?s=000001.SS+Interactive#chart1:symbol=000001.ss;range=1m;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
American Economy-
Last week
Leading Indicators Jul 0.5% up from 0.3%. very good
This week:
New Home Sales Jul 298K down from 312K reported in June
MBA Mortgage application Index 08/20 -2.4% after jumping +4.1% last month.
Durable Orders Jul up 4.0% after bad news -1.9% in June.
Durable Orders -ex Transportation Jul up 0.7% on top of a good up 0.4% last month
FHFA Housing Price Index Jun up 0.9% after increasing 0.4% last month…great news for housing stocks.
Crude Inventories 08/20 dropped -2.213M which means demand is high.
Initial Claims 08/20 up at 417K from 408K last week
Continuing Claims 08/13 3641K down from 3702K last week.
This Week
Aug 26 8:30 AM GDP - Second Estimate Q2
Aug 26 8:30 AM GDP Deflator - Second Estimate Q2
Aug 26 9:55 AM Michigan Sentiment - Final
Market Outlook August 26, 2011
The market rally should be somewhere between 50% and 90% of the way to the recent spring highs. There may be some consolidation today after Bernacke speaks.
We expect the VIX to continue to decline as the panic of smaller investors subsides similar to after the flash crash of May 6, 2010
http://finance.yahoo.com/q/bc?s=^VIX&t=3m&l=on&z=m&q=l&c=
We expect a normal advance now of up to at least 50% of the total decline. See:
http://finance.yahoo.com/q/ta?s=^NYA&t=6m&l=on&z=l&q=l&p=e50%2Ce100&a=&c=
Economic recovery the past two years was one of Obama’s big lies as he continued to divide Americans, destroyed the American economy with socialism and corruption, and barked at Congress and the increasing numbers of disappointed voters. But could the bulk shipments finally be getting ready to break out? See 3yr and 5yr charts at:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stocks were down last night. China down –0.1%, Hong Kong down –0.9%, S. Korea up 0.8%, India down –1.8%, and Japan up 0.3%.
European markets are down today by about –0.4% to –2% half way through their day.
American markets futures are flat at about 0.1% at 7:30 AM EST
We expect the stock market run-up could be fast now with corporations buying back their own stock at least 50% of the way, possibly to 90% of the recent highs. Corporations have over $500 billion in cash to invest and it does not look like they will invest in jobs as long as stupid barking Obama’s socialized medicine and new stupid barking Obama new taxes loom. Remember if the money multiplier effect is 20:1(the money changes hands 20 times) that $500billion becomes $10Trillion so it would only take 10% of the corporations to buy back and to put $1trillion into the stock market. If you do not know what the multiplier is it is the velocity of money when there are no reserve requirements as is the case for investors (20 to 30) and it is 1/R for banks where R is the fraction the banks must keep in reserves.
http://en.wikipedia.org/wiki/Money_multiplier
http://www.mymoneyflow.com/secure/velocity.shtml
http://www.ibtimes.com/articles/204321/20110826/warren-buffett-berkshire-hathaway-bank-of-america-goldman-sachs-preferred-stock-bac-morgan-stanley.htm
Many companies are likely to buy back their shares at a time when price-to-earnings ratios are low, providing a trigger for a rally of 10% or half the recent 20% decline. We plan to sell when we get a sell signal. It is entirely possible that the rally could reach the recent highs depending on how fast U.S. companies buy back shares since they have high cash ratios and buy backs enormously increase the rise in earnings per share. Warren Buffet said he would invest $5Billion in Bank of America yesterday. We are just seeing the corporate money ready to flow into the market and wipe out all the short sellers thus starting another rally. As prices fall it becomes more possible for corporations to take their firms private. Then short sellers could go –500% in the hole.
While the U.S. rate of expansion has slowed slightly, the Chicago Fed’s index of 85 economic indicators improved in July for a third month on gains in production.
Obama is barking at the banks hard now for them to act on all the “liar loan” mortgages he made them accept from his “chosen people.” He forced Bank of America to buy Merrill Lynch and Country Wide and then destroyed Ken Lewis for living to talk about it. Obama knows that Fannie and Freddie were bankrupted by his “liar loans” but instead of admitting his (and Barney Franks) biggest ever shakedown of American taxpayers Obama instead prolongs their dissolution causing bank stagnation and an inability to fund a recovery. As Obama’s “chosen people” continue to strip the vacant homes of their copper plumbing and wiring essentially gutting the houses so they become condemned and worthless. Obama is not letting the housing crisis get resolved because the "liar loan" losses show just how stupid his socialist ideas are and have been. Barking Obama’s socialism is government of the lazy, stupid, and pot heads, by the lazy, stupid, and pot heads, for the lazy, stupid, and pot heads.
We need to stop the handouts to Obama’s chosen people because when all the stupid, and lazy people in Greece, America, and the rest of the world are forced to work for a living, we can get out of the debt crisis because the welfare state is the debt crisis.
World Markets:
Gold plunged below $1800; a dramatic reversal from a record-setting run that bred complacency about the yellow metal's risks. Gold dropped almost 6% yesterday alone. Silver currently is about 80% overpriced. Bonds, especially higher rate bonds your brokers have been pushing people into during the past year are plunging in value faster than seen since Lehman failed.
http://www.goldprice.org/gold-price.html
Socialist and economists from Pacific Investment Management to the communists at Harvard say ensuring the euro’s existence may require members to leave the 17-nation currency region. So far the rescue bill includes $524 billion in official loans to Greece, Portugal and Ireland, the creation of a 440-billion euro rescue fund and 96 billion euros in bond buying by the European Central Bank.
World markets may have set lows for now and in some cases they set double bottoms.
China
http://finance.yahoo.com/echarts?s=000001.SS+Interactive#chart2:symbol=000001.ss;range=2y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
Germany
http://finance.yahoo.com/echarts?s=%5EGDAXI+Interactive#chart1:symbol=^gdaxi;range=1m;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
The Swiss government and central bank talks about a possible target for the Swiss franc to halt its gains has failed and the Swiss franc is rising again. The Swiss market has not yet double bottomed and has a way to go.
http://finance.yahoo.com/echarts?s=^SSMI+Interactive#chart2:symbol=^ssmi;range=1m;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
Emerging markets also will fall further before they double bottom.
http://finance.yahoo.com/echarts?s=^BVSP+Interactive#symbol=%5EBVSP;range=
http://finance.yahoo.com/echarts?s=000001.SS+Interactive#chart1:symbol=000001.ss;range=1m;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
American Economy-
Last week
Leading Indicators Jul 0.5% up from 0.3%. very good
This week:
New Home Sales Jul 298K down from 312K reported in June
MBA Mortgage application Index 08/20 -2.4% after jumping +4.1% last month.
Durable Orders Jul up 4.0% after bad news -1.9% in June.
Durable Orders -ex Transportation Jul up 0.7% on top of a good up 0.4% last month
FHFA Housing Price Index Jun up 0.9% after increasing 0.4% last month…great news for housing stocks.
Crude Inventories 08/20 dropped -2.213M which means demand is high.
Initial Claims 08/20 up at 417K from 408K last week
Continuing Claims 08/13 3641K down from 3702K last week.
This Week
Aug 26 8:30 AM GDP - Second Estimate Q2
Aug 26 8:30 AM GDP Deflator - Second Estimate Q2
Aug 26 9:55 AM Michigan Sentiment - Final
Market Outlook August 26, 2011
The market rally should be somewhere between 50% and 90% of the way to the recent spring highs. There may be some consolidation today after Bernacke speaks.
We expect the VIX to continue to decline as the panic of smaller investors subsides similar to after the flash crash of May 6, 2010
http://finance.yahoo.com/q/bc?s=^VIX&t=3m&l=on&z=m&q=l&c=
We expect a normal advance now of up to at least 50% of the total decline. See:
http://finance.yahoo.com/q/ta?s=^NYA&t=6m&l=on&z=l&q=l&p=e50%2Ce100&a=&c=
Economic recovery the past two years was one of Obama’s big lies as he continued to divide Americans, destroyed the American economy with socialism and corruption, and barked at Congress and the increasing numbers of disappointed voters. But could the bulk shipments finally be getting ready to break out? See 3yr and 5yr charts at:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stocks were down last night. China down –0.1%, Hong Kong down –0.9%, S. Korea up 0.8%, India down –1.8%, and Japan up 0.3%.
European markets are down today by about –0.4% to –2% half way through their day.
American markets futures are flat at about 0.1% at 7:30 AM EST
We expect the stock market run-up could be fast now with corporations buying back their own stock at least 50% of the way, possibly to 90% of the recent highs. Corporations have over $500 billion in cash to invest and it does not look like they will invest in jobs as long as stupid barking Obama’s socialized medicine and new stupid barking Obama new taxes loom. Remember if the money multiplier effect is 20:1(the money changes hands 20 times) that $500billion becomes $10Trillion so it would only take 10% of the corporations to buy back and to put $1trillion into the stock market. If you do not know what the multiplier is it is the velocity of money when there are no reserve requirements as is the case for investors (20 to 30) and it is 1/R for banks where R is the fraction the banks must keep in reserves.
http://en.wikipedia.org/wiki/Money_multiplier
http://www.mymoneyflow.com/secure/velocity.shtml
Thursday, August 25, 2011
Barking Obama’s socialism is government of the lazy and stupid, by the lazy and stupid, for the lazy and stupid.
While the U.S. expansion has slowed, the Chicago Fed’s index of 85 economic indicators improved in July for a third month on gains in production. That means there are no signs of a recession brewing. Federal Reserve Chairman Ben S. Bernanke tomorrow has little choice but to disappoint stock investors betting on a commitment to step up stimulus. Consumer prices are rising and the U.S. economy is still growing. The threat of deflation has subsided, with the Labor Department’s consumer price index, minus food and energy, rising 1.8 percent for the 12 months ending July. The greatest support for the stock market is all the corporate cash on the sidelines that corporations plan to use to purchase their own stock at current bargain prices. Businesses have more confidence in the stock market than they have in stupid barking Obama’s chance of stimulating job creation. Even before the recent market plunge, Lowe’s Cos., the second-largest U.S. home-improvement retailer, said it planned to buy back $5 billion of its own stock over the next two-to-three years. They should hurry up and then overtake Home Depot.
Steve Jobs resigned from Apple due to health reasons. That will have a long-term negative impact on Apple, which is valued more than about 25% of the world.
Jimmy Cramer said stocks were undervalued 12% before they fell 12% to 25% depending what you owned. Once again the people who just cannot stay cool and calm are being slaughtered.
Wan Gang is the current minister of science and technology in China. Wan Gang is the first minister who is no a member of Communist Party of China. He is also the chairman of China Zhi Gong Party (Public Interest Party). There are eight parties that generally follow the Communist party but are not usually given much authority. This party has many former American members who returned to China. The party was formed in San Francisco to originally support democratic Nationalist China
Obama is barking at the banks hard now for all the “liar loan” mortgages he made them accept from his “chosen people.” He forced Bank of America to buy Merrill Lynch and Country Wide and then destroyed Ken Lewis for living to talk about it. Obama knows that Fannie and Freddie were bankrupted by his “liar loans” but instead of admitting his (and Barney Franks) biggest ever shakedown of American taxpayers Obama instead prolongs Fannie and Freddie's dissolution causing bank stagnation and an inability to fund a recovery. As Obama waits... his “chosen people” continue to strip the vacant homes of their copper plumbing and wiring essentially gutting the houses so they become condemned and worthless. Obama is not letting the housing crisis get resolved because the "liar loan" losses show just how stupid his socialist ideas are and have been. Barking Obama’s socialism is government of the lazy, stupid, and pot heads, by the lazy, stupid, and pot heads, for the lazy, stupid, and pot heads.
Obama had the Secret Service buy two new $1.1 million Canadian buses just for his three-day slumming trip to see the little people. Obama flew and his buses flew between city stops and then he toured in his bus to prove he uses mass transit like Joe the plumber and saves taxpayer money. Obama is so full of crap. But those buses are so heavy they have to be loaded up on one or more C-17s. Then they are flown to the destination ahead of AirForce-1 and this is repeated for every campaign stop. Obama went to the Midwest to lecture the 'little people' on how they need to live within their means and cutback! Remember when very recently Obama told that family man to GO BUY A $60,000 HYBRID VAN when he said he couldn’t afford to fill up his truck??? Obama's 'carbon footprint' must be about as large as Chicago’s by now. After all that slumming with Americans Obama and his wife then took separate airplanes to his resort at Martha’s Vineyard where it takes 50 secret service cars to follow him around. Eisenhower had four cars in his motorcade. Eisenhower did not worry because he was a popular president.
http://www.snopes.com/politics/obama/bus.asp
Many companies are likely to buy back shares at a time when price-to-earnings ratios are low, providing a trigger for a rally of 10% or half the recent 20% decline. We plan to sell when we get a sell signal. It is entirely possible that the rally could reach the recent highs depending on how fast U.S. companies buy back shares since they have high cash ratios and buy backs enormously increase the rise in earnings per share.
World Markets:
Gold plunged below $1800; a dramatic reversal from a record-setting run that bred complacency about the yellow metal's risks. Gold dropped almost 6% yesterday alone. Silver currently is about 80% overpriced. Bonds, especially higher rate bonds your brokers have been pushing people into during the past year are plunging in value faster than seen since Lehman failed.
Asian Stocks Climb as Exports Rise
Socialist and economists from Pacific Investment Management to the communists at Harvard say ensuring the euro’s existence may require members to leave the 17-nation currency region. So far the rescue bill includes $524 billion in official loans to Greece, Portugal and Ireland, the creation of a 440-billion euro rescue fund and 96 billion euros in bond buying by the European Central Bank.
World markets may have set lows for now and in some cases they set double bottoms.
China
http://finance.yahoo.com/echarts?s=000001.SS+Interactive#chart2:symbol=000001.ss;range=2y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
Germany
http://finance.yahoo.com/echarts?s=%5EGDAXI+Interactive#chart1:symbol=^gdaxi;range=1m;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
The Swiss government and central bank talks about a possible target for the Swiss franc to halt its gains has failed and the Swiss franc is rising again. The Swiss market has not yet double bottomed and has a way to go.
http://finance.yahoo.com/echarts?s=^SSMI+Interactive#chart2:symbol=^ssmi;range=1m;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
Emerging markets also will fall further before they double bottom.
http://finance.yahoo.com/echarts?s=^BVSP+Interactive#symbol=%5EBVSP;range=
http://finance.yahoo.com/echarts?s=000001.SS+Interactive#chart1:symbol=000001.ss;range=1m;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
American Economy-
Last week
Existing Home Sales Jul 4.67M flat from 4.77M. bottomed out
Leading Indicators Jul 0.5% up from 0.3%. very good
This week:
New Home Sales Jul 298K down from 312K reported in June
Today
MBA Mortgage application Index 08/20 -2.4% after jumping +4.1% last month.
Durable Orders Jul up 4.0% after bad news -1.9% in June.
Durable Orders -ex Transportation Jul up 0.7% on top of a good up 0.4% last month
FHFA Housing Price Index Jun up 0.9% after increasing 0.4% last month…great news for housing stocks.
Crude Inventories 08/20 dropped -2.213M which means demand is high.
This Week
Aug 25 8:30 AM Initial Claims 08/20
Aug 25 8:30 AM Continuing Claims 08/13
Aug 26 8:30 AM GDP - Second Estimate Q2
Aug 26 8:30 AM GDP Deflator - Second Estimate Q2
Aug 26 9:55 AM Michigan Sentiment - Final
Market Outlook August 25, 2011
The market rally should be somewhere between 50% and 90% of the way to the recent spring highs. After the run-up for two days there may be some consolidation today, but don’t bet on it.
We expect the VIX to continue to decline as the panic of smaller investors subsides similar to after the flash crash of May 6, 2010
. http://finance.yahoo.com/q/bc?s=^VIX&t=2y&l=on&z=m&q=l&c=
We expect a normal advance now of up to at least 50% of the total decline. See:
http://finance.yahoo.com/q/ta?s=^NYA&t=6m&l=on&z=l&q=l&p=e50%2Ce100&a=&c=
Economic recovery the past two years was one of Obama’s big lies as he continued to divide Americans, destroyed the American economy with socialism and corruption, and barked at Congress and the increasing numbers of disappointed voters. But could the bulk shipments finally be getting ready to break out? See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stocks were up last night. China up 2.9%, Hong Kong up 1.5%, India down 0.9%, and Japan up 1.5%.
European markets are up today by about 0% to Italy’s 3.2% half way through their day.
American markets futures are flat at about -0.1% at 7:30 AM EST
We expect the stock market run-up could be fast now with corporation buying back their own stock at least 50% of the way, possibly to 90% of the recent highs. Corporations have over $500 billion in cash to invest and it does not look like they will invest in jobs as long as stupid barking Obama’s socialized medicine and new stupid barking Obama taxes loom.
Steve Jobs resigned from Apple due to health reasons. That will have a long-term negative impact on Apple, which is valued more than about 25% of the world.
Jimmy Cramer said stocks were undervalued 12% before they fell 12% to 25% depending what you owned. Once again the people who just cannot stay cool and calm are being slaughtered.
Wan Gang is the current minister of science and technology in China. Wan Gang is the first minister who is no a member of Communist Party of China. He is also the chairman of China Zhi Gong Party (Public Interest Party). There are eight parties that generally follow the Communist party but are not usually given much authority. This party has many former American members who returned to China. The party was formed in San Francisco to originally support democratic Nationalist China
Obama is barking at the banks hard now for all the “liar loan” mortgages he made them accept from his “chosen people.” He forced Bank of America to buy Merrill Lynch and Country Wide and then destroyed Ken Lewis for living to talk about it. Obama knows that Fannie and Freddie were bankrupted by his “liar loans” but instead of admitting his (and Barney Franks) biggest ever shakedown of American taxpayers Obama instead prolongs Fannie and Freddie's dissolution causing bank stagnation and an inability to fund a recovery. As Obama waits... his “chosen people” continue to strip the vacant homes of their copper plumbing and wiring essentially gutting the houses so they become condemned and worthless. Obama is not letting the housing crisis get resolved because the "liar loan" losses show just how stupid his socialist ideas are and have been. Barking Obama’s socialism is government of the lazy, stupid, and pot heads, by the lazy, stupid, and pot heads, for the lazy, stupid, and pot heads.
Obama had the Secret Service buy two new $1.1 million Canadian buses just for his three-day slumming trip to see the little people. Obama flew and his buses flew between city stops and then he toured in his bus to prove he uses mass transit like Joe the plumber and saves taxpayer money. Obama is so full of crap. But those buses are so heavy they have to be loaded up on one or more C-17s. Then they are flown to the destination ahead of AirForce-1 and this is repeated for every campaign stop. Obama went to the Midwest to lecture the 'little people' on how they need to live within their means and cutback! Remember when very recently Obama told that family man to GO BUY A $60,000 HYBRID VAN when he said he couldn’t afford to fill up his truck??? Obama's 'carbon footprint' must be about as large as Chicago’s by now. After all that slumming with Americans Obama and his wife then took separate airplanes to his resort at Martha’s Vineyard where it takes 50 secret service cars to follow him around. Eisenhower had four cars in his motorcade. Eisenhower did not worry because he was a popular president.
http://www.snopes.com/politics/obama/bus.asp
Many companies are likely to buy back shares at a time when price-to-earnings ratios are low, providing a trigger for a rally of 10% or half the recent 20% decline. We plan to sell when we get a sell signal. It is entirely possible that the rally could reach the recent highs depending on how fast U.S. companies buy back shares since they have high cash ratios and buy backs enormously increase the rise in earnings per share.
World Markets:
Gold plunged below $1800; a dramatic reversal from a record-setting run that bred complacency about the yellow metal's risks. Gold dropped almost 6% yesterday alone. Silver currently is about 80% overpriced. Bonds, especially higher rate bonds your brokers have been pushing people into during the past year are plunging in value faster than seen since Lehman failed.
Asian Stocks Climb as Exports Rise
Socialist and economists from Pacific Investment Management to the communists at Harvard say ensuring the euro’s existence may require members to leave the 17-nation currency region. So far the rescue bill includes $524 billion in official loans to Greece, Portugal and Ireland, the creation of a 440-billion euro rescue fund and 96 billion euros in bond buying by the European Central Bank.
World markets may have set lows for now and in some cases they set double bottoms.
China
http://finance.yahoo.com/echarts?s=000001.SS+Interactive#chart2:symbol=000001.ss;range=2y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
Germany
http://finance.yahoo.com/echarts?s=%5EGDAXI+Interactive#chart1:symbol=^gdaxi;range=1m;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
The Swiss government and central bank talks about a possible target for the Swiss franc to halt its gains has failed and the Swiss franc is rising again. The Swiss market has not yet double bottomed and has a way to go.
http://finance.yahoo.com/echarts?s=^SSMI+Interactive#chart2:symbol=^ssmi;range=1m;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
Emerging markets also will fall further before they double bottom.
http://finance.yahoo.com/echarts?s=^BVSP+Interactive#symbol=%5EBVSP;range=
http://finance.yahoo.com/echarts?s=000001.SS+Interactive#chart1:symbol=000001.ss;range=1m;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
American Economy-
Last week
Existing Home Sales Jul 4.67M flat from 4.77M. bottomed out
Leading Indicators Jul 0.5% up from 0.3%. very good
This week:
New Home Sales Jul 298K down from 312K reported in June
Today
MBA Mortgage application Index 08/20 -2.4% after jumping +4.1% last month.
Durable Orders Jul up 4.0% after bad news -1.9% in June.
Durable Orders -ex Transportation Jul up 0.7% on top of a good up 0.4% last month
FHFA Housing Price Index Jun up 0.9% after increasing 0.4% last month…great news for housing stocks.
Crude Inventories 08/20 dropped -2.213M which means demand is high.
This Week
Aug 25 8:30 AM Initial Claims 08/20
Aug 25 8:30 AM Continuing Claims 08/13
Aug 26 8:30 AM GDP - Second Estimate Q2
Aug 26 8:30 AM GDP Deflator - Second Estimate Q2
Aug 26 9:55 AM Michigan Sentiment - Final
Market Outlook August 25, 2011
The market rally should be somewhere between 50% and 90% of the way to the recent spring highs. After the run-up for two days there may be some consolidation today, but don’t bet on it.
We expect the VIX to continue to decline as the panic of smaller investors subsides similar to after the flash crash of May 6, 2010
. http://finance.yahoo.com/q/bc?s=^VIX&t=2y&l=on&z=m&q=l&c=
We expect a normal advance now of up to at least 50% of the total decline. See:
http://finance.yahoo.com/q/ta?s=^NYA&t=6m&l=on&z=l&q=l&p=e50%2Ce100&a=&c=
Economic recovery the past two years was one of Obama’s big lies as he continued to divide Americans, destroyed the American economy with socialism and corruption, and barked at Congress and the increasing numbers of disappointed voters. But could the bulk shipments finally be getting ready to break out? See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stocks were up last night. China up 2.9%, Hong Kong up 1.5%, India down 0.9%, and Japan up 1.5%.
European markets are up today by about 0% to Italy’s 3.2% half way through their day.
American markets futures are flat at about -0.1% at 7:30 AM EST
We expect the stock market run-up could be fast now with corporation buying back their own stock at least 50% of the way, possibly to 90% of the recent highs. Corporations have over $500 billion in cash to invest and it does not look like they will invest in jobs as long as stupid barking Obama’s socialized medicine and new stupid barking Obama taxes loom.
Wednesday, August 24, 2011
Obama is not letting the housing crisis get resolved because the "liar loan" losses show just how stupid his socialist ideas are.
Obama is barking at the banks hard now for all the “liar loan” mortgages he made them accept from his “chosen people.” He forced Bank of America to buy Merrill Lynch and Country Wide and then destroyed Ken Lewis for living to talk about it. Obama knows that Fannie and Freddie were bankrupted by his “liar loans” but instead of admitting his (and Barney Franks) biggest ever shakedown of American taxpayers Obama instead prolongs their dissolution causing bank stagnation and an inability to fund a recovery. As Obama waits his “chosen people” continue to strip the vacant homes of their copper plumbing and wiring essentially gutting the houses so they become condemned and worthless. Obama is not letting the housing crisis get resolved because the "liar loan" losses show just how stupid his socialist ideas are and have been.
Obama had the Secret Service buy two new $1.1 million Canadian buses just for his three-day slumming trip to see the little people. Obama flew and his buses flew between city stops and then he toured in his bus to prove he uses mass transit like Joe the plumber and saves taxpayer money. Obama is so full of crap. But those buses are so heavy they have to be loaded up on one or more C-17s. Then they are flown to the destination ahead of AirForce-1 and this is repeated for every campaign stop. Obama went to the Midwest to lecture the 'little people' on how they need to live within their means and cutback! Remember when very recently Obama told that family man to GO BUY A $60,000 HYBRID VAN when he said he couldn’t afford to fill up his truck??? Obama's 'carbon footprint' must be about as large as Chicago’s by now. After all that slumming with Americans Obama and his wife then took separate airplanes to his resort at Martha’s Vineyard where it takes 50 secret service cars to follow him around. Eisenhower had four cars in his motorcade. Eisenhower did not worry because he was a popular president.
http://www.snopes.com/politics/obama/bus.asp
The greatest support for the stock market is all the corporate cash on the sidelines that corporations plan to use to purchase their own stock at current bargain prices. Businesses have more confidence in the stock market than they have in Obama stimulating job creation. Lowe’s Cos., the second-largest U.S. home-improvement retailer, said it plans to buy back $5 billion of its own stock over the next two-to-three years.
Many companies are likely to buy back shares at a time when price-to-earnings ratios are low, providing a trigger for a rally of 10% or half the recent 20% decline. We plan to sell when we get a sell signal. It is entirely possible that the rally could reach the recent highs depending on how fast U.S. companies buy back shares since they have high cash ratios and buy backs enormously increase the rise in earnings per share.
World Markets:
Asian Stocks Climb as Exports Rise
Benchmark indexes in Germany, Brazil and Hong Kong have fallen more than 20 percent from their highs, the common definition of a bear market.
Socialist economists from Pacific Investment Management to Harvard say ensuring the euro’s existence may require members to leave the 17-nation currency region. So far the rescue bill includes $524 billion in official loans to Greece, Portugal and Ireland, the creation of a 440-billion euro rescue fund and 96 billion euros in bond buying by the European Central Bank.
World markets may have set lows for now and in some cases they set double bottoms.
China
http://finance.yahoo.com/echarts?s=000001.SS+Interactive#chart2:symbol=000001.ss;range=2y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
Germany
http://finance.yahoo.com/echarts?s=%5EGDAXI+Interactive#chart1:symbol=^gdaxi;range=1m;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
The Swiss government and central bank talks about a possible target for the Swiss franc to halt its gains has failed and the Swiss franc is rising again. The Swiss market has not yet double bottomed and has a way to go.
http://finance.yahoo.com/echarts?s=^SSMI+Interactive#chart2:symbol=^ssmi;range=1m;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
Emerging markets also will fall further before they double bottom.
http://finance.yahoo.com/echarts?s=^BVSP+Interactive#symbol=%5EBVSP;range=
http://finance.yahoo.com/echarts?s=000001.SS+Interactive#chart1:symbol=000001.ss;range=1m;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
American Economy-
Last week
Existing Home Sales Jul 4.67M flat from 4.77M. bottomed out
Leading Indicators Jul 0.5% up from 0.3%. very good
This week:
New Home Sales Jul 298K down from 312K reported in June
Today
Aug 24 7:00 AM MBA Mortgage Index 08/20
Aug 24 8:30 AM Durable Orders Jul
Aug 24 8:30 AM Durable Orders -ex Transportation Jul
Aug 24 10:00 AM FHFA Housing Price Index Jun
Aug 24 10:30 AM Crude Inventories 08/20
This Week
Aug 25 8:30 AM Initial Claims 08/20
Aug 25 8:30 AM Continuing Claims 08/13
Aug 26 8:30 AM GDP - Second Estimate Q2
Aug 26 8:30 AM GDP Deflator - Second Estimate Q2
Aug 26 9:55 AM Michigan Sentiment - Final
Market Outlook August 24, 2011
The market rally should be somewhere between 50% and 90% of the way to the recent spring highs. After the run-up yesterday there may be consolidation today.
We expect the VIX to continue to decline as the panic of smaller investors subsides similar to after the flash crash of May 6, 2010
. http://finance.yahoo.com/q/bc?s=^VIX&t=2y&l=on&z=m&q=l&c=
We expect a normal advance now of up to at least 50% of the total decline. See:
http://finance.yahoo.com/q/ta?s=^NYA&t=6m&l=on&z=l&q=l&p=e50%2Ce100&a=&c=
Economic recovery the past two years was one of Obama’s big lies as he continued to divide Americans, destroyed the American economy with socialism and corruption, and barked at Congress and the increasing numbers of disappointed voters. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stocks were down last night. China down -0.5%, Hong Kong down –2.1%, India down –1.3%, and Japan down -1.1%.
European markets are up today by about 0% to 0.8% half way through their day.
American markets futures are down about -0.9% at 7:30 AM EST
We expect the stock market run-up could be fast now with corporation buying back their own stock at least 50% of the way, possibly to 90% of the recent highs. Corporations have over $500 billion in cash to invest and it does not look like they will invest in jobs as long as Obama socialized medicine and new Obama taxes loom.
Tuesday, August 23, 2011
The attack on S&P is an attack on every American’s duty to expose government morons like Obama
Obama destroys business leaders who expose him as an idiot and a petty creep tyrant. Standard & Poor's President Deven Sharma is now leaving the credit-rating firm at the end of this year. He is being driven out because Obama’s investigation would drive S&P bankrupt with all the attorney fees. He has to resign because he showed that Obama was destroying the US economy by running up the deficit. Just last week cranky Obama announced a Federal investigation of Standard & Poor's to pressure them to raise the US rating again and fire their president. Bank of America CEO Kenneth Lewis also was forced to resign when Obama took office because he revealed that Obama’s stupid socialist goons ordered him to buy Countrywide and Merrill Lynch. All the democrat-socialist brownshirt state treasurers voted their millions of shares against Lewis and then began to pull pension funds out of Bank of America. That shows just what a creep Obama is and how he is violating the constitution by using his power to harass Americans who think his economic policies are not just stupid but dangerous as well. Obama should be put on trial for harassing and violating the constitutional rights of free speech. The attack on S&P is an attack on every American’s duty to expose government morons like Obama and American’s Constitutional right to show that cranky Obama shows he is an idiot every time he does something mean and stupid like investigate S&P.
U.S. stock futures rose, signaling a rebound from its biggest four-week drop since 2009, amid speculation the Federal Reserve will this week unveil further measures to support the economy. The greatest support for the stock market is all the corporate cash on the sidelines that corporations plan to use to purchase their own stock at current bargain prices. Businesses have more confidence in the stock market than they have in Obama stimulating job creation. Lowe’s Cos., the second-largest U.S. home-improvement retailer, said it plans to buy back $5 billion of its own stock over the next two-to-three years.
Many companies are likely to buy back shares at a time when price-to-earnings ratios are low, providing a trigger for a rally of 10% or half the recent 20% decline. We plan to sell when we get a sell signal. It is entirely possible that the rally could reach the recent highs depending on how fast U.S. companies buy back shares since they have high cash ratios and buy backs enormously increase the rise in earnings per share.
Steve Bridges would be a better president than Obama.
http://www.stevebridges.com/obamavideos-promo-july2010-lg.html
World Markets:
Asian Stocks Climb as Exports Rise
Benchmark indexes in Germany, Brazil and Hong Kong have fallen more than 20 percent from their highs, the common definition of a bear market.
Socialist economists from Pacific Investment Management to Harvard say ensuring the euro’s existence may require members to leave the 17-nation currency region. So far the rescue bill includes $524 billion in official loans to Greece, Portugal and Ireland, the creation of a 440-billion euro rescue fund and 96 billion euros in bond buying by the European Central Bank.
World markets may have set lows for now and in some cases they set double bottoms.
Germany
http://finance.yahoo.com/echarts?s=%5EGDAXI+Interactive#chart1:symbol=^gdaxi;range=1m;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
The Swiss government and central bank talks about a possible target for the Swiss franc to halt its gains has failed and the Swiss franc is rising again. The Swiss market has not yet double bottomed and has a way to go.
http://finance.yahoo.com/echarts?s=^SSMI+Interactive#chart2:symbol=^ssmi;range=1m;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
Emerging markets also will fall further before they double bottom.
http://finance.yahoo.com/echarts?s=^BVSP+Interactive#symbol=%5EBVSP;range=
http://finance.yahoo.com/echarts?s=000001.SS+Interactive#chart1:symbol=000001.ss;range=1m;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
American Economy-
Last week
Initial Claims 08/13 up again to 408K from 395K last week. Over 400 is bad
Continuing Claims 08/6 up to 3702K from 3688K last week.
Existing Home Sales Jul 4.67M flat from 4.77M. bottomed out
Leading Indicators Jul 0.5% up from 0.3%. very good
This week:
Aug 23 10:00 AM New Home Sales Jul
Aug 24 7:00 AM MBA Mortgage Index 08/20
Aug 24 8:30 AM Durable Orders Jul
Aug 24 8:30 AM Durable Orders -ex Transportation Jul
Aug 24 10:00 AM FHFA Housing Price Index Jun
Aug 24 10:30 AM Crude Inventories 08/20
Aug 25 8:30 AM Initial Claims 08/20
Aug 25 8:30 AM Continuing Claims 08/13
Aug 26 8:30 AM GDP - Second Estimate Q2
Aug 26 8:30 AM GDP Deflator - Second Estimate Q2
Aug 26 9:55 AM Michigan Sentiment - Final
Market Outlook August 23, 2011
The lows are holding on the stock exchanges. The coming market rally should be somewhere between 50% and 90% of the way to the recent spring highs.
Bloomberg reported that Wall Street firms pushed up estimates for Standard & Poor’s 500 Index earnings for a 10th straight quarter, forecasting a 17 percent gain in 2011. That’s 9.9 times more than economists say gross domestic product will grow. The average ratio since 1954 is 5.4 times, the data show. People are discounting the chances of a recession and what that could mean for earnings while analysts are making pie in the sky estimates.
Relatively speaking housing is beginning to look better. It is good for new construction to decline until the overburden of foreclosed ‘Obama liar loans” houses is depleted. We expect housing stocks will actually begin to do well since the banks are finally dealing with Obama and Barney Frank’s “liar loans”.
We expect the VIX to decline today as the panic of smaller investors now subsides. http://finance.yahoo.com/q/bc?s=^VIX&t=5d&l=on&z=m&q=l&c=
We expect a normal advance now of up to at least 50% of the total decline. See:
http://finance.yahoo.com/q/ta?s=^NYA&t=6m&l=on&z=l&q=l&p=e50%2Ce100&a=&c=
Economic recovery the past two years was one of Obama’s big lies as he continued to divide Americans, destroyed the American economy with socialism and corruption, and barked at Congress and the increasing numbers of disappointed voters. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stocks were mixed last night. China +1.5%, Hong Kong up 2%, India up 1%, and Japan up 1.2%.
European markets are up today by about 1.1% to 2.4% half way through their day.
American markets futures are up about 0.5% at 6:00 AM EST
We expect the stock market run-up could be fast now with corporation buying back their own stock at least 50% of the way, possibly to 90% of the recent highs. Corporations have over $500 billion in cash to invest and it does not look like they will invest in jobs as long as Obama socialized medicine and new Obama taxes loom.
U.S. stock futures rose, signaling a rebound from its biggest four-week drop since 2009, amid speculation the Federal Reserve will this week unveil further measures to support the economy. The greatest support for the stock market is all the corporate cash on the sidelines that corporations plan to use to purchase their own stock at current bargain prices. Businesses have more confidence in the stock market than they have in Obama stimulating job creation. Lowe’s Cos., the second-largest U.S. home-improvement retailer, said it plans to buy back $5 billion of its own stock over the next two-to-three years.
Many companies are likely to buy back shares at a time when price-to-earnings ratios are low, providing a trigger for a rally of 10% or half the recent 20% decline. We plan to sell when we get a sell signal. It is entirely possible that the rally could reach the recent highs depending on how fast U.S. companies buy back shares since they have high cash ratios and buy backs enormously increase the rise in earnings per share.
Steve Bridges would be a better president than Obama.
http://www.stevebridges.com/obamavideos-promo-july2010-lg.html
World Markets:
Asian Stocks Climb as Exports Rise
Benchmark indexes in Germany, Brazil and Hong Kong have fallen more than 20 percent from their highs, the common definition of a bear market.
Socialist economists from Pacific Investment Management to Harvard say ensuring the euro’s existence may require members to leave the 17-nation currency region. So far the rescue bill includes $524 billion in official loans to Greece, Portugal and Ireland, the creation of a 440-billion euro rescue fund and 96 billion euros in bond buying by the European Central Bank.
World markets may have set lows for now and in some cases they set double bottoms.
Germany
http://finance.yahoo.com/echarts?s=%5EGDAXI+Interactive#chart1:symbol=^gdaxi;range=1m;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
The Swiss government and central bank talks about a possible target for the Swiss franc to halt its gains has failed and the Swiss franc is rising again. The Swiss market has not yet double bottomed and has a way to go.
http://finance.yahoo.com/echarts?s=^SSMI+Interactive#chart2:symbol=^ssmi;range=1m;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
Emerging markets also will fall further before they double bottom.
http://finance.yahoo.com/echarts?s=^BVSP+Interactive#symbol=%5EBVSP;range=
http://finance.yahoo.com/echarts?s=000001.SS+Interactive#chart1:symbol=000001.ss;range=1m;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
American Economy-
Last week
Initial Claims 08/13 up again to 408K from 395K last week. Over 400 is bad
Continuing Claims 08/6 up to 3702K from 3688K last week.
Existing Home Sales Jul 4.67M flat from 4.77M. bottomed out
Leading Indicators Jul 0.5% up from 0.3%. very good
This week:
Aug 23 10:00 AM New Home Sales Jul
Aug 24 7:00 AM MBA Mortgage Index 08/20
Aug 24 8:30 AM Durable Orders Jul
Aug 24 8:30 AM Durable Orders -ex Transportation Jul
Aug 24 10:00 AM FHFA Housing Price Index Jun
Aug 24 10:30 AM Crude Inventories 08/20
Aug 25 8:30 AM Initial Claims 08/20
Aug 25 8:30 AM Continuing Claims 08/13
Aug 26 8:30 AM GDP - Second Estimate Q2
Aug 26 8:30 AM GDP Deflator - Second Estimate Q2
Aug 26 9:55 AM Michigan Sentiment - Final
Market Outlook August 23, 2011
The lows are holding on the stock exchanges. The coming market rally should be somewhere between 50% and 90% of the way to the recent spring highs.
Bloomberg reported that Wall Street firms pushed up estimates for Standard & Poor’s 500 Index earnings for a 10th straight quarter, forecasting a 17 percent gain in 2011. That’s 9.9 times more than economists say gross domestic product will grow. The average ratio since 1954 is 5.4 times, the data show. People are discounting the chances of a recession and what that could mean for earnings while analysts are making pie in the sky estimates.
Relatively speaking housing is beginning to look better. It is good for new construction to decline until the overburden of foreclosed ‘Obama liar loans” houses is depleted. We expect housing stocks will actually begin to do well since the banks are finally dealing with Obama and Barney Frank’s “liar loans”.
We expect the VIX to decline today as the panic of smaller investors now subsides. http://finance.yahoo.com/q/bc?s=^VIX&t=5d&l=on&z=m&q=l&c=
We expect a normal advance now of up to at least 50% of the total decline. See:
http://finance.yahoo.com/q/ta?s=^NYA&t=6m&l=on&z=l&q=l&p=e50%2Ce100&a=&c=
Economic recovery the past two years was one of Obama’s big lies as he continued to divide Americans, destroyed the American economy with socialism and corruption, and barked at Congress and the increasing numbers of disappointed voters. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stocks were mixed last night. China +1.5%, Hong Kong up 2%, India up 1%, and Japan up 1.2%.
European markets are up today by about 1.1% to 2.4% half way through their day.
American markets futures are up about 0.5% at 6:00 AM EST
We expect the stock market run-up could be fast now with corporation buying back their own stock at least 50% of the way, possibly to 90% of the recent highs. Corporations have over $500 billion in cash to invest and it does not look like they will invest in jobs as long as Obama socialized medicine and new Obama taxes loom.
Monday, August 22, 2011
U.S. stock futures rose, signaling a rebound from its biggest four-week drop since 2009.
U.S. stock futures rose, signaling a rebound from its biggest four-week drop since 2009, amid speculation the Federal Reserve will this week unveil further measures to support the economy. The greatest support for the stock market is all the corporate cash on the sidelines that corporations plan to use to purchase their own stock at current bargain prices. Businesses have more confidence in the stock market than they have in Obama stimulating job creation. Lowe’s Cos., the second-largest U.S. home-improvement retailer, said it plans to buy back $5 billion of its own stock over the next two-to-three years.
Oil prices fell as much as 3% as investors bet that Libyan production will recover quickly after rebels entered the capital city of Tripoli and captured Muammar Qaddafi’s two sons.
A one-atom-thick layer of carbon may one-day help the U.S. military build smaller and more precise chips, radar and computers that operate at near the speed of light.
Obama required two airplanes to go on vacation at Martha’s Vineyard, the playground of the Kennedy family because Obama wouldn’t fly with his wife and girls. Even the burden of Obama’s family problems is cast on American taxpayers. Apparently Obama now even barks too much at his wife.
Governor Perry to lame duck President Obama: Actions speak louder than Teleprompters. Perry said, “The president said I needed to watch what I say,” “I just want to respond back, if I may: Mr. President, actions speak louder than words. And my actions as governor are helping create jobs in this country. The president’s actions are killing jobs in this country.”
World Markets:
Socialist economists from Pacific Investment Management to Harvard say ensuring the euro’s existence may require members to leave the 17-nation currency region. So far the rescue bill includes $524 billion in official loans to Greece, Portugal and Ireland, the creation of a 440-billion euro rescue fund and 96 billion euros in bond buying by the European Central Bank.
China's national broadcast network, which will be launched in September, is now in America recording a TV documentary on money…
http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20110815000092&cid=1102
World markets may have set lows for now and in some cases they set double bottoms.
Germany
http://finance.yahoo.com/echarts?s=%5EGDAXI+Interactive#chart1:symbol=^gdaxi;range=1m;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
The Swiss government and central bank talks about a possible target for the Swiss franc to halt its gains has failed and the Swiss franc is rising again. The Swiss market has not yet double bottomed and has a way to go.
http://finance.yahoo.com/echarts?s=^SSMI+Interactive#chart2:symbol=^ssmi;range=1m;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
Emerging markets also will fall further before they double bottom.
http://finance.yahoo.com/echarts?s=^BVSP+Interactive#symbol=%5EBVSP;range=
http://finance.yahoo.com/echarts?s=000001.SS+Interactive#chart1:symbol=000001.ss;range=1m;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
American Economy-
Last week
Initial Claims 08/13 up again to 408K from 395K last week. Over 400 is bad
Continuing Claims 08/6 up to 3702K from 3688K last week.
Existing Home Sales Jul 4.67M flat from 4.77M. bottomed out
Leading Indicators Jul 0.5% up from 0.3%. very good
This week:
Aug 23 10:00 AM New Home Sales Jul
Aug 24 7:00 AM MBA Mortgage Index 08/20
Aug 24 8:30 AM Durable Orders Jul
Aug 24 8:30 AM Durable Orders -ex Transportation Jul
Aug 24 10:00 AM FHFA Housing Price Index Jun
Aug 24 10:30 AM Crude Inventories 08/20
Aug 25 8:30 AM Initial Claims 08/20
Aug 25 8:30 AM Continuing Claims 08/13
Aug 26 8:30 AM GDP - Second Estimate Q2
Aug 26 8:30 AM GDP Deflator - Second Estimate Q2
Aug 26 9:55 AM Michigan Sentiment - Final
Market Outlook August 22, 2011
Last week USA markets held the triple low we have hit, first in the low for the day and then at the close later in the week. Both the intra day and the closing lows held for the American markets. But Europe, Asia, and SA have several percent to fall to a double bottom.
US junk bonds (high yield) taking the hit now at a $4.6Billion/month rate of investor withdrawals.
The difference between yields on 10-year notes and Treasury Inflation Protected Securities again hit a new low. That narrowing gap indicates a flat risk, which says the threat of inflation, is very low. When it inverts (long-term drops below short term) that says we are in a deflationary period. Gold buyers are going to be taken to the cleaners when investors face the reality that Japan type deflation has arrived, not inflation. Socialist banks always buy gold high and sell as gold plummets.
Relatively speaking housing is beginning to look better. It is good for new construction to decline until the overburden of foreclosed ‘Obama liar loan” houses is depleted. We expect housing stocks will actually begin to do well since the banks are finally dealing with Obama and Barney Frank’s “liar loans”.
We expect the VIX to decline today as the panic of smaller investors now subsides. http://finance.yahoo.com/q/bc?s=^VIX&t=5d&l=on&z=m&q=l&c=
We expect a normal advance now of at least 50%+ of the total decline. See:
http://finance.yahoo.com/q/ta?s=^NYA&t=6m&l=on&z=l&q=l&p=e50%2Ce100&a=&c=
Economic recovery the past two years was one of Obama’s big lies as he continued to divide Americans, destroyed the American economy with socialism and corruption, and barked at Congress and the increasing numbers of disappointed voters. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stocks were mixed last night. China down –0.7%, Hong Kong up 0.5%, India up 1.2, and Japan down –1%. Seoul hit a new low dropping 6.2%.
European markets are up today by about 1.5% half way through their day.
American markets futures are up about 1% to 1.5% at 7:30 AM EST
We expect the stock market run-up could be fast now with corporation buying back their own stock at least 50% of the way, possibly to 90% of the recent highs. Corporations have over $500 billion in cash to invest and it does not look like they will invest in jobs as long as Obama socialized medicine and new Obama taxes loom.
Oil prices fell as much as 3% as investors bet that Libyan production will recover quickly after rebels entered the capital city of Tripoli and captured Muammar Qaddafi’s two sons.
A one-atom-thick layer of carbon may one-day help the U.S. military build smaller and more precise chips, radar and computers that operate at near the speed of light.
Obama required two airplanes to go on vacation at Martha’s Vineyard, the playground of the Kennedy family because Obama wouldn’t fly with his wife and girls. Even the burden of Obama’s family problems is cast on American taxpayers. Apparently Obama now even barks too much at his wife.
Governor Perry to lame duck President Obama: Actions speak louder than Teleprompters. Perry said, “The president said I needed to watch what I say,” “I just want to respond back, if I may: Mr. President, actions speak louder than words. And my actions as governor are helping create jobs in this country. The president’s actions are killing jobs in this country.”
World Markets:
Socialist economists from Pacific Investment Management to Harvard say ensuring the euro’s existence may require members to leave the 17-nation currency region. So far the rescue bill includes $524 billion in official loans to Greece, Portugal and Ireland, the creation of a 440-billion euro rescue fund and 96 billion euros in bond buying by the European Central Bank.
China's national broadcast network, which will be launched in September, is now in America recording a TV documentary on money…
http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20110815000092&cid=1102
World markets may have set lows for now and in some cases they set double bottoms.
Germany
http://finance.yahoo.com/echarts?s=%5EGDAXI+Interactive#chart1:symbol=^gdaxi;range=1m;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
The Swiss government and central bank talks about a possible target for the Swiss franc to halt its gains has failed and the Swiss franc is rising again. The Swiss market has not yet double bottomed and has a way to go.
http://finance.yahoo.com/echarts?s=^SSMI+Interactive#chart2:symbol=^ssmi;range=1m;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
Emerging markets also will fall further before they double bottom.
http://finance.yahoo.com/echarts?s=^BVSP+Interactive#symbol=%5EBVSP;range=
http://finance.yahoo.com/echarts?s=000001.SS+Interactive#chart1:symbol=000001.ss;range=1m;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
American Economy-
Last week
Initial Claims 08/13 up again to 408K from 395K last week. Over 400 is bad
Continuing Claims 08/6 up to 3702K from 3688K last week.
Existing Home Sales Jul 4.67M flat from 4.77M. bottomed out
Leading Indicators Jul 0.5% up from 0.3%. very good
This week:
Aug 23 10:00 AM New Home Sales Jul
Aug 24 7:00 AM MBA Mortgage Index 08/20
Aug 24 8:30 AM Durable Orders Jul
Aug 24 8:30 AM Durable Orders -ex Transportation Jul
Aug 24 10:00 AM FHFA Housing Price Index Jun
Aug 24 10:30 AM Crude Inventories 08/20
Aug 25 8:30 AM Initial Claims 08/20
Aug 25 8:30 AM Continuing Claims 08/13
Aug 26 8:30 AM GDP - Second Estimate Q2
Aug 26 8:30 AM GDP Deflator - Second Estimate Q2
Aug 26 9:55 AM Michigan Sentiment - Final
Market Outlook August 22, 2011
Last week USA markets held the triple low we have hit, first in the low for the day and then at the close later in the week. Both the intra day and the closing lows held for the American markets. But Europe, Asia, and SA have several percent to fall to a double bottom.
US junk bonds (high yield) taking the hit now at a $4.6Billion/month rate of investor withdrawals.
The difference between yields on 10-year notes and Treasury Inflation Protected Securities again hit a new low. That narrowing gap indicates a flat risk, which says the threat of inflation, is very low. When it inverts (long-term drops below short term) that says we are in a deflationary period. Gold buyers are going to be taken to the cleaners when investors face the reality that Japan type deflation has arrived, not inflation. Socialist banks always buy gold high and sell as gold plummets.
Relatively speaking housing is beginning to look better. It is good for new construction to decline until the overburden of foreclosed ‘Obama liar loan” houses is depleted. We expect housing stocks will actually begin to do well since the banks are finally dealing with Obama and Barney Frank’s “liar loans”.
We expect the VIX to decline today as the panic of smaller investors now subsides. http://finance.yahoo.com/q/bc?s=^VIX&t=5d&l=on&z=m&q=l&c=
We expect a normal advance now of at least 50%+ of the total decline. See:
http://finance.yahoo.com/q/ta?s=^NYA&t=6m&l=on&z=l&q=l&p=e50%2Ce100&a=&c=
Economic recovery the past two years was one of Obama’s big lies as he continued to divide Americans, destroyed the American economy with socialism and corruption, and barked at Congress and the increasing numbers of disappointed voters. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stocks were mixed last night. China down –0.7%, Hong Kong up 0.5%, India up 1.2, and Japan down –1%. Seoul hit a new low dropping 6.2%.
European markets are up today by about 1.5% half way through their day.
American markets futures are up about 1% to 1.5% at 7:30 AM EST
We expect the stock market run-up could be fast now with corporation buying back their own stock at least 50% of the way, possibly to 90% of the recent highs. Corporations have over $500 billion in cash to invest and it does not look like they will invest in jobs as long as Obama socialized medicine and new Obama taxes loom.
Friday, August 19, 2011
Governor Perry to lame duck President Obama, Actions speak louder than Teleprompters.
Governor Perry to lame duck President Obama, Actions speak louder than Teleprompters. Perry said, “The president said I needed to watch what I say,” “I just want to respond back, if I may: Mr. President, actions speak louder than words. And my actions as governor are helping create jobs in this country. The president’s actions are killing jobs in this country.”
Obama said he would allow most illegal immigrants that are in deportation proceeding to stay so that he can regain the support of Hispanics. This will cause a new flood of illegal immigration and an enormous welfare burden just when unemployment is expected to rise.
The USA stock market drop yesterday was not cause by an investor sell off. It was orchestrated by hedge funds causing a triple bottom.
The DJI low was just 91 above the lowest recent sell off.
S&P low was just 14 above the lowest recent sell off.
He NASDAC low was just 5 above the lowest recent sell off.
This is scary that someone is dialing in the requirement that low for several markets not to break the previous lows in those markets. Is a mass exodus from equities forcing this? Not much is going into gold since there is very little gold (two full swimming pools worth) being bid up by a few dealers. The world’s fear is caused by European socialists. The sooner they cut Greece out of the EURO and then the common market, the better. That would send a message that being a part of Europe requires some responsibility. Europe, Asia, and SA have a way to fall before they double bottom. Look back to mid July when we warned this would happen soon.
The Philadelphia news was a seasonal hot weather, market turmoil, and vacation related slowdown not a recession indicator. The higher inflation was a bounce off of a low outlier the last time.
Obama’s “idle and vicious” are erupting on the streets of America. This happened before the recent “idle and vicious” eruptions in Great Britain. The video, shot in May, shows a woman being attacked in broad daylight as she is walking outside Philadelphia City Hall. A pack of teenage girls attacks her from behind and slams her into the ground, kicking and beating her. Obama is cutting US national defense and federal civil defense funds for police and fire protection jobs while hiring his “chosen people,” to be the federal pat down people at airports. Some call this Obama style racism. During the French “Reign of Terror” the leftists created jobs for the “idle and vicious” by first killing current employees to create vacancies and then filling the vacancies with the new leftists. Obama is just selectively eliminating the jobs of existing employees and then hiring his “chosen people.” It is simple but effective leftist style redistribution of wealth.
http://www.foxnews.com/us/2011/08/17/new-video-surfaces-showing-unprovoked-attack-by-philadelphia-teens/
World Markets:
The world’s fear is caused by European socialists. The sooner they cut Greece out of the EURO and then the common market, the better. That would send a message that being a part of Europe requires some responsibility. If they are not thrown out the European socialists will not get the message.
China’s local governments are struggling to repay their debt and the real-estate bubble bursting may leave banks bankrupt. While valuations on Chinese banks have dropped to the lowest levels since October 2008, Vontobel Asset Management Inc.’s Rajiv Jain said the shares would fall further because the Chinese banking system leverage is still too high and earnings are disappointing.
46% of Spanish youth are now unemployed. Leftist gays to engage in kissing that is synchronized with the Pope’s car as he passes through Madrid when he visits. Of course that will only lead to more hatred of gays by people around the world who respect the Vatican’s policies. The leftist gays infiltrate political and church groups to undermine and assume control. The Republican Log Cabin group is socialist stronghold and a farce. They often succeed as they convert ELCA and other left wing oriented groups to a socialist Obama type agenda. The ELCA has since been losing hundreds of congregations who do not support the gay-socialist agenda over the Bible.
Indian stocks dropped to the lowest in more than 14 months led by banks and software services companies. Rioting is occurring in the streets of India over the corruption in the system of socialism where the politicians require Indian people buy their government jobs and supplement their low government pay with bribes.
It appears James Murdoch and all of his executives knew when the papers were engaged in illegal hacking. Does Murdoch blackmail members of Parliament too? The U.K.’s Guardian destroyed Britain’s best-selling Sunday newspaper by exposing that the Rupert Murdochs tabloid hacked a murder victim’s voicemail and other things.
Germany’s annual growth rate has slowed to 0.5% now. Germany and France cannot afford to bail out Greece, Portugal, Italy, and Spain. We hope they will force the troubled countries off the Euro until they meet the original limited deficit spending requirements that were in place when the EURO was established. Remember Germany was the first to violate the GDP debt limit requirement because they were bailing out East Germany. France was next and then the EU discipline broke down completely. It appears the German market may double bottom today.
http://finance.yahoo.com/echarts?s=%5EGDAXI+Interactive#chart1:symbol=^gdaxi;range=1m;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
The Swiss government and central bank talks about a possible target for the Swiss franc to halt its gains has failed and the Swiss franc is rising again. The Swiss market has not yet double bottomed and has a way to go.
http://finance.yahoo.com/echarts?s=^SSMI+Interactive#chart2:symbol=^ssmi;range=1m;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
Emerging markets also will fall further before they double bottom.
http://finance.yahoo.com/echarts?s=^BVSP+Interactive#symbol=%5EBVSP;range=
http://finance.yahoo.com/echarts?s=000001.SS+Interactive#chart1:symbol=000001.ss;range=1m;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
American Economy-
Last week
MBA Mortgage Index 08/06 rose +21.7% from +7.1% last month. Excellent
Wholesale Inventories Jun increased 0.6% down from 1.8% last month. Improved
Treasury Budget deficit in Jul -$129.4B less than last month -$165.0B. Great reduction in deficit spending
Initial Claims 08/06 395K down from 400K ..very good
Continuing Claims 7/30 3688K down from 3730K ..very good
Trade Balance Jun -$53.1B up from -$50.2B ..we continue to keep the world humming
Retail Sales up in Jul 0.5% from a 0.1% increase in June.
Retail Sales ex-auto Jul up 0.5% 0.from no improvement in June.
Mich Sentiment Aug 54.9 way down from a low 63.7 in July
Empire NY Manufacturing Aug -7.70 vs -3.76 last month. Getting almost twice as bad
Net Long-Term TIC Flows Jun $3.7B a decline from $23.6B last month showing foreign investment dropping.
NAHB Housing Market Index Aug 15 stabilized at last at 15 Some good housing news for a change.
Housing Starts Jul declined to 604K from 629K.. Very good, there are too many already
Building Permits Jul declined to 597K from 624K.. Very good, same reason
Export Prices ex-ag. Jul increased 0.2% from nothing last month. Demand is up, that’s good
Import Prices ex-oil Jul up 0.2% after declining -0.1% last month. Imports cost more then we buy less
Industrial Production Jul up 0.9% from 0.2% last month. Excellent.
Capacity Utilization Jul 77.5% up from 76.7% last month is consistent with more industrial production i.e. good
MBA Mortgage Index 08/13 improved again by+4.1% after improving +21.7% last month.
Producer Price Index Jul was up a normal 0.2% after deflating -0.4% last month
Core PPI Jul remained a normal 0.4% the same as last month
Crude Inventories 08/13 rose 4.233M after falling -5.225M last week.
Yesterday
Initial Claims 08/13 up again to 408K from 395K last week. Over 400 is bad
Continuing Claims 08/6 up to 3702K from 3688K last week.
CPI Jul 0.5% up from -0.2% last month. Just an outlier oil surge
Core CPI Jul 0.2% down from 0.3% last week. Just fine
Existing Home Sales Jul 4.67M flat from 4.77M. bottomed out
Philadelphia Fed Aug -30.7 from 3.20 This is an outlier or an Obama screw-up report
Leading Indicators Jul 0.5% up from 0.3% . very good
Market Outlook August 19, 2011
Have no fear if USA markets hold this triple low we have hit. But this is precarious because Europe, Asia, and SA have several percent to fall just to double bottom. The foreign markets could but should not spook Americans when the world double bottoms and it would not be good for Americans to get spooked right now.
The overhang of Obama liar loans to his chosen people is the greatest danger to the American economy. The overhang of European debt combined with Obama liar loans to his chosen people is the greatest threat to world stability at this time. Together they could cause another liquidity meltdown. As things get worse Obama’s vicious and idle socialists in America and vicious and idle socialists in Europe are likely to riot and destroy the property of the sober and industrious workers who are now virtual slaves bearing the entire weight of government taxation.
The difference between yields on 10- year notes and Treasury Inflation Protected Securities again hit a new low. That narrowing gap indicates the threat of inflation is getting very low. When it inverts (long-term drops below short term) that says we are in a deflationary period. Gold buyers are going to be taken to the cleaners when investors face the reality that Japan type deflation has arrived, not inflation. Of course many socialist central banks just bought gold. Socialist banks always make that mistake and will sell as gold plummets.
Relatively speaking housing is beginning to look better. It is good for new construction to decline until the overburden of foreclosed ‘Obama liar loan” houses is depleted. We expect housing stocks will actually begin to do well since the banks are finally dealing with Obama and Barney Frank’s “liar loans”. Banks like BAC are bull dozing away some of the houses Obama’s “chosen people” got with their Obama “liar loans” and gutted plumbing, wiring and fixtures before abandoning them in foreclosure. Obama liars will costs some banks many $billions.
You can see the VIX confirmed the capitulation of a third bounce yesterday. http://finance.yahoo.com/q/bc?s=^VIX&t=3m&l=on&z=m&q=l&c=
We expect a normal advance now of up to 50% of the recent decline. See:
http://finance.yahoo.com/q/ta?s=^NYA&t=6m&l=on&z=l&q=l&p=e50%2Ce100&a=&c=
Recovery the past two years was one of Obama’s big lies as he continued to divide Americans and destroy the American economy with socialism and corruption. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stocks were down last night. China down –1%, Hong Kong down –3.1%, India down –2, and Japan down –2.5%. Seoul hit a new low dropping 6.2%.
European markets are down today by about –0.61% to –3.6% half way through their day.
American markets futures are down about –1.4 to –2% at 7:30 AM EST
We expect US market will test yesterday’s lows and advance. If a new low is hit today there could be a world panic and many state and municipal bankruptcies caused by a liquidity freeze of enormous scale this time after Obama flushed the American treasury down the toilet bowls of his political constituency with his failed trickle up communist theory.
We expect little net recovery or stock market gain this year and next year unless free Obamacare for Obama’s leisure class is declared unconstitutional and his Banking regulations are cut way back closer to the Glass-Steagall Banking Act of 1933. Obama thinks welfare is much better for the “Obama leisure class” than Texas jobs in the fast food industry where there is nothing to rip off and no fringe benefits like copper and fixtures to remove.
Obama said he would allow most illegal immigrants that are in deportation proceeding to stay so that he can regain the support of Hispanics. This will cause a new flood of illegal immigration and an enormous welfare burden just when unemployment is expected to rise.
The USA stock market drop yesterday was not cause by an investor sell off. It was orchestrated by hedge funds causing a triple bottom.
The DJI low was just 91 above the lowest recent sell off.
S&P low was just 14 above the lowest recent sell off.
He NASDAC low was just 5 above the lowest recent sell off.
This is scary that someone is dialing in the requirement that low for several markets not to break the previous lows in those markets. Is a mass exodus from equities forcing this? Not much is going into gold since there is very little gold (two full swimming pools worth) being bid up by a few dealers. The world’s fear is caused by European socialists. The sooner they cut Greece out of the EURO and then the common market, the better. That would send a message that being a part of Europe requires some responsibility. Europe, Asia, and SA have a way to fall before they double bottom. Look back to mid July when we warned this would happen soon.
The Philadelphia news was a seasonal hot weather, market turmoil, and vacation related slowdown not a recession indicator. The higher inflation was a bounce off of a low outlier the last time.
Obama’s “idle and vicious” are erupting on the streets of America. This happened before the recent “idle and vicious” eruptions in Great Britain. The video, shot in May, shows a woman being attacked in broad daylight as she is walking outside Philadelphia City Hall. A pack of teenage girls attacks her from behind and slams her into the ground, kicking and beating her. Obama is cutting US national defense and federal civil defense funds for police and fire protection jobs while hiring his “chosen people,” to be the federal pat down people at airports. Some call this Obama style racism. During the French “Reign of Terror” the leftists created jobs for the “idle and vicious” by first killing current employees to create vacancies and then filling the vacancies with the new leftists. Obama is just selectively eliminating the jobs of existing employees and then hiring his “chosen people.” It is simple but effective leftist style redistribution of wealth.
http://www.foxnews.com/us/2011/08/17/new-video-surfaces-showing-unprovoked-attack-by-philadelphia-teens/
World Markets:
The world’s fear is caused by European socialists. The sooner they cut Greece out of the EURO and then the common market, the better. That would send a message that being a part of Europe requires some responsibility. If they are not thrown out the European socialists will not get the message.
China’s local governments are struggling to repay their debt and the real-estate bubble bursting may leave banks bankrupt. While valuations on Chinese banks have dropped to the lowest levels since October 2008, Vontobel Asset Management Inc.’s Rajiv Jain said the shares would fall further because the Chinese banking system leverage is still too high and earnings are disappointing.
46% of Spanish youth are now unemployed. Leftist gays to engage in kissing that is synchronized with the Pope’s car as he passes through Madrid when he visits. Of course that will only lead to more hatred of gays by people around the world who respect the Vatican’s policies. The leftist gays infiltrate political and church groups to undermine and assume control. The Republican Log Cabin group is socialist stronghold and a farce. They often succeed as they convert ELCA and other left wing oriented groups to a socialist Obama type agenda. The ELCA has since been losing hundreds of congregations who do not support the gay-socialist agenda over the Bible.
Indian stocks dropped to the lowest in more than 14 months led by banks and software services companies. Rioting is occurring in the streets of India over the corruption in the system of socialism where the politicians require Indian people buy their government jobs and supplement their low government pay with bribes.
It appears James Murdoch and all of his executives knew when the papers were engaged in illegal hacking. Does Murdoch blackmail members of Parliament too? The U.K.’s Guardian destroyed Britain’s best-selling Sunday newspaper by exposing that the Rupert Murdochs tabloid hacked a murder victim’s voicemail and other things.
Germany’s annual growth rate has slowed to 0.5% now. Germany and France cannot afford to bail out Greece, Portugal, Italy, and Spain. We hope they will force the troubled countries off the Euro until they meet the original limited deficit spending requirements that were in place when the EURO was established. Remember Germany was the first to violate the GDP debt limit requirement because they were bailing out East Germany. France was next and then the EU discipline broke down completely. It appears the German market may double bottom today.
http://finance.yahoo.com/echarts?s=%5EGDAXI+Interactive#chart1:symbol=^gdaxi;range=1m;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
The Swiss government and central bank talks about a possible target for the Swiss franc to halt its gains has failed and the Swiss franc is rising again. The Swiss market has not yet double bottomed and has a way to go.
http://finance.yahoo.com/echarts?s=^SSMI+Interactive#chart2:symbol=^ssmi;range=1m;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
Emerging markets also will fall further before they double bottom.
http://finance.yahoo.com/echarts?s=^BVSP+Interactive#symbol=%5EBVSP;range=
http://finance.yahoo.com/echarts?s=000001.SS+Interactive#chart1:symbol=000001.ss;range=1m;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
American Economy-
Last week
MBA Mortgage Index 08/06 rose +21.7% from +7.1% last month. Excellent
Wholesale Inventories Jun increased 0.6% down from 1.8% last month. Improved
Treasury Budget deficit in Jul -$129.4B less than last month -$165.0B. Great reduction in deficit spending
Initial Claims 08/06 395K down from 400K ..very good
Continuing Claims 7/30 3688K down from 3730K ..very good
Trade Balance Jun -$53.1B up from -$50.2B ..we continue to keep the world humming
Retail Sales up in Jul 0.5% from a 0.1% increase in June.
Retail Sales ex-auto Jul up 0.5% 0.from no improvement in June.
Mich Sentiment Aug 54.9 way down from a low 63.7 in July
Empire NY Manufacturing Aug -7.70 vs -3.76 last month. Getting almost twice as bad
Net Long-Term TIC Flows Jun $3.7B a decline from $23.6B last month showing foreign investment dropping.
NAHB Housing Market Index Aug 15 stabilized at last at 15 Some good housing news for a change.
Housing Starts Jul declined to 604K from 629K.. Very good, there are too many already
Building Permits Jul declined to 597K from 624K.. Very good, same reason
Export Prices ex-ag. Jul increased 0.2% from nothing last month. Demand is up, that’s good
Import Prices ex-oil Jul up 0.2% after declining -0.1% last month. Imports cost more then we buy less
Industrial Production Jul up 0.9% from 0.2% last month. Excellent.
Capacity Utilization Jul 77.5% up from 76.7% last month is consistent with more industrial production i.e. good
MBA Mortgage Index 08/13 improved again by+4.1% after improving +21.7% last month.
Producer Price Index Jul was up a normal 0.2% after deflating -0.4% last month
Core PPI Jul remained a normal 0.4% the same as last month
Crude Inventories 08/13 rose 4.233M after falling -5.225M last week.
Yesterday
Initial Claims 08/13 up again to 408K from 395K last week. Over 400 is bad
Continuing Claims 08/6 up to 3702K from 3688K last week.
CPI Jul 0.5% up from -0.2% last month. Just an outlier oil surge
Core CPI Jul 0.2% down from 0.3% last week. Just fine
Existing Home Sales Jul 4.67M flat from 4.77M. bottomed out
Philadelphia Fed Aug -30.7 from 3.20 This is an outlier or an Obama screw-up report
Leading Indicators Jul 0.5% up from 0.3% . very good
Market Outlook August 19, 2011
Have no fear if USA markets hold this triple low we have hit. But this is precarious because Europe, Asia, and SA have several percent to fall just to double bottom. The foreign markets could but should not spook Americans when the world double bottoms and it would not be good for Americans to get spooked right now.
The overhang of Obama liar loans to his chosen people is the greatest danger to the American economy. The overhang of European debt combined with Obama liar loans to his chosen people is the greatest threat to world stability at this time. Together they could cause another liquidity meltdown. As things get worse Obama’s vicious and idle socialists in America and vicious and idle socialists in Europe are likely to riot and destroy the property of the sober and industrious workers who are now virtual slaves bearing the entire weight of government taxation.
The difference between yields on 10- year notes and Treasury Inflation Protected Securities again hit a new low. That narrowing gap indicates the threat of inflation is getting very low. When it inverts (long-term drops below short term) that says we are in a deflationary period. Gold buyers are going to be taken to the cleaners when investors face the reality that Japan type deflation has arrived, not inflation. Of course many socialist central banks just bought gold. Socialist banks always make that mistake and will sell as gold plummets.
Relatively speaking housing is beginning to look better. It is good for new construction to decline until the overburden of foreclosed ‘Obama liar loan” houses is depleted. We expect housing stocks will actually begin to do well since the banks are finally dealing with Obama and Barney Frank’s “liar loans”. Banks like BAC are bull dozing away some of the houses Obama’s “chosen people” got with their Obama “liar loans” and gutted plumbing, wiring and fixtures before abandoning them in foreclosure. Obama liars will costs some banks many $billions.
You can see the VIX confirmed the capitulation of a third bounce yesterday. http://finance.yahoo.com/q/bc?s=^VIX&t=3m&l=on&z=m&q=l&c=
We expect a normal advance now of up to 50% of the recent decline. See:
http://finance.yahoo.com/q/ta?s=^NYA&t=6m&l=on&z=l&q=l&p=e50%2Ce100&a=&c=
Recovery the past two years was one of Obama’s big lies as he continued to divide Americans and destroy the American economy with socialism and corruption. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stocks were down last night. China down –1%, Hong Kong down –3.1%, India down –2, and Japan down –2.5%. Seoul hit a new low dropping 6.2%.
European markets are down today by about –0.61% to –3.6% half way through their day.
American markets futures are down about –1.4 to –2% at 7:30 AM EST
We expect US market will test yesterday’s lows and advance. If a new low is hit today there could be a world panic and many state and municipal bankruptcies caused by a liquidity freeze of enormous scale this time after Obama flushed the American treasury down the toilet bowls of his political constituency with his failed trickle up communist theory.
We expect little net recovery or stock market gain this year and next year unless free Obamacare for Obama’s leisure class is declared unconstitutional and his Banking regulations are cut way back closer to the Glass-Steagall Banking Act of 1933. Obama thinks welfare is much better for the “Obama leisure class” than Texas jobs in the fast food industry where there is nothing to rip off and no fringe benefits like copper and fixtures to remove.
Thursday, August 18, 2011
Obama’s “idle and vicious” are erupting on the streets of America.
Obama’s “idle and vicious” are erupting on the streets of America. This happened before the recent “idle and vicious” eruptions in Great Britain. The video, shot in May, shows a woman being attacked in broad daylight as she is walking outside Philadelphia City Hall. A pack of teenage girls attacks her from behind and slams her into the ground, kicking and beating her. Obama is cutting US national defense and federal civil defense funds for police and fire protection jobs while hiring his “chosen people,” to be the federal pat down people at airports. Some call this Obama style racism. During the French “Reign of Terror” the leftists created jobs for the “idle and vicious” by first killing current employees to create vacancies and then filling the vacancies with the new leftists. Obama is just selectively eliminating the jobs of existing employees and then hiring his “chosen people.” It is simple but effective leftist style redistribution of wealth.
http://www.foxnews.com/us/2011/08/17/new-video-surfaces-showing-unprovoked-attack-by-philadelphia-teens/
World Markets:
China’s local governments are struggling to repay their debt and the real-estate bubble bursting may leave banks bankrupt. While valuations on Chinese banks have dropped to the lowest levels since October 2008, Vontobel Asset Management Inc.’s Rajiv Jain said the shares would fall further because the Chinese banking system leverage is still too high and earnings are disappointing.
46% of Spanish youth are now unemployed. Leftist gays to engage in kissing that is synchronized with the Pope’s car as he passes through Madrid when he visits. Of course that will only lead to more hatred of gays by people around the world who respect the Vatican’s policies. The leftist gays infiltrate political and church groups to undermine and assume control. The Republican Log Cabin group is socialist stronghold and a farce. They often succeed as they convert ELCA and other left wing oriented groups to a socialist Obama type agenda. The ELCA has since been losing hundreds of congregations who do not support the gay-socialist agenda over the Bible.
Indian stocks dropped to the lowest in more than 14 months led by banks and software services companies. Rioting is occurring in the streets of India over the corruption in the system of socialism where the politicians require Indian people buy their government jobs and supplement their low government pay with bribes.
It appears James Murdoch and all of his executives knew when the papers were engaged in illegal hacking. Does Murdoch blackmail members of Parliament too? The U.K.’s Guardian destroyed Britain’s best-selling Sunday newspaper by exposing that the Rupert Murdochs tabloid hacked a murder victim’s voicemail and other things.
Germany’s annual growth rate has slowed to 0.5% now. Germany and France cannot afford to bail out Greece, Portugal, Italy, and Spain. Perhaps they will force the troubled countries off the Euro until they meet the original limited deficit spending requirements that were in place when the EURO was established. Remember Germany was the first to violate the GDP debt limit requirement because they were bailing out East Germany. France was next and then the EU discipline broke down completely, “A transfer union where Germany pays for the debt of other countries, but has no access to their tax revenues, would probably be the worst outcome for Germany’s rating,” said a Munich.
The Swiss government and central bank talks about a possible target for the Swiss franc to halt its gains has failed and the Swiss franc is rising again.
American Economy-
Last week
MBA Mortgage Index 08/06 rose +21.7% from +7.1% last month. Excellent
Wholesale Inventories Jun increased 0.6% down from 1.8% last month. Improved
Treasury Budget deficit in Jul -$129.4B less than last month -$165.0B. Great reduction in deficit spending
Initial Claims 08/06 395K down from 400K ..very good
Continuing Claims 7/30 3688K down from 3730K ..very good
Trade Balance Jun -$53.1B up from -$50.2B ..we continue to keep the world humming
Retail Sales up in Jul 0.5% from a 0.1% increase in June.
Retail Sales ex-auto Jul up 0.5% 0.from no improvement in June.
Mich Sentiment Aug 54.9 way down from a low 63.7 in July
Empire NY Manufacturing Aug -7.70 vs -3.76 last month. Getting almost twice as bad
Net Long-Term TIC Flows Jun $3.7B a decline from $23.6B last month showing foreign investment dropping.
NAHB Housing Market Index Aug 15 stabilized at last at 15 Some good housing news for a change.
Housing Starts Jul declined to 604K from 629K.. Very good, there are too many already
Building Permits Jul declined to 597K from 624K.. Very good, same reason
Export Prices ex-ag. Jul increased 0.2% from nothing last month. Demand is up, that’s good
Import Prices ex-oil Jul up 0.2% after declining -0.1% last month. Imports cost more then we buy less
Industrial Production Jul up 0.9% from 0.2% last month. Excellent.
Capacity Utilization Jul 77.5% up from 76.7% last month is consistent with more industrial production i.e. good
Today
Yesterday
MBA Mortgage Index 08/13 improved again by+4.1% after improving +21.7% last month.
Producer Price Index Jul was up a normal 0.2% after deflating -0.4% last month
Core PPI Jul remained a normal 0.4% the same as last month
Crude Inventories 08/13 rose 4.233M after falling -5.225M last week.
Today
Aug 18 8:30 AM Initial Claims 08/13
Aug 18 8:30 AM Continuing Claims 08/6
Aug 18 8:30 AM CPI Jul
Aug 18 8:30 AM Core CPI Jul
Aug 18 10:00 AM Existing Home Sales Jul
Aug 18 10:00 AM Philadelphia Fed Aug
Aug 18 10:00 AM Leading Indicators Jul
Market Outlook August 18, 2011
Oil futures declined 1.8 percent as slowing world economies begin to curb oil demand and deflation becomes a greater threat. The difference between yields on 10- year notes and Treasury Inflation Protected Securities reached a low. That narrowing gap indicates the threat of inflation is getting very low. When it inverts (long-term drops below short term) that says we are in a deflationary period. Gold buyers are going to be taken to the cleaners when investors face the reality that Japan type deflation has arrived, not inflation. Of course many socialist central banks just bought gold. Socialist banks always make that mistake and will sell as gold plummets.
Relatively speaking housing is beginning to look better. It is good for new construction to decline until the overburden of foreclosed ‘Obama liar loan” houses is depleted. We expect housing stocks will actually begin to do well since the banks are finally dealing with Obama’s and Barney Frank’s “liar loans”.
You can see the VIX confirmed the capitulation and smaller second bounce and is now subsiding. Volume has also fallen to pre panic levels
http://finance.yahoo.com/q/bc?s=^VIX&t=1y&l=on&z=m&q=l&c=
We expect a normal advance now of up to 50% of the recent decline. See:
http://finance.yahoo.com/q/ta?s=^NYA&t=5y&l=on&z=l&q=l&p=e50%2Ce100&a=&c=
Recovery the past two years was one of Obama’s big lies as he continued to divide Americans and destroy the American economy with socialism and corruption. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stocks were down last night. China down –1.6%, Hong Kong down –1.3%, India down –2.2, Seoul down -1.7%, and Japan down –1.3%.
European markets are down today by about –2.1% to –3.6% half way through their day.
American markets futures are down about –1.4 to –2.15% at 7:30 AM EST
We expect little net recovery or stock market gain this year and next year unless free Obamacare for Obama’s leisure class is declared unconstitutional and his Banking regulations are cut way back closer to the Glass-Steagall Banking Act of 1933. Obama thinks welfare is much better for the “Obama leisure class” than Texas jobs in the fast food industry where there is nothing to rip off and no fringe benefits like copper to remove.
http://www.foxnews.com/us/2011/08/17/new-video-surfaces-showing-unprovoked-attack-by-philadelphia-teens/
World Markets:
China’s local governments are struggling to repay their debt and the real-estate bubble bursting may leave banks bankrupt. While valuations on Chinese banks have dropped to the lowest levels since October 2008, Vontobel Asset Management Inc.’s Rajiv Jain said the shares would fall further because the Chinese banking system leverage is still too high and earnings are disappointing.
46% of Spanish youth are now unemployed. Leftist gays to engage in kissing that is synchronized with the Pope’s car as he passes through Madrid when he visits. Of course that will only lead to more hatred of gays by people around the world who respect the Vatican’s policies. The leftist gays infiltrate political and church groups to undermine and assume control. The Republican Log Cabin group is socialist stronghold and a farce. They often succeed as they convert ELCA and other left wing oriented groups to a socialist Obama type agenda. The ELCA has since been losing hundreds of congregations who do not support the gay-socialist agenda over the Bible.
Indian stocks dropped to the lowest in more than 14 months led by banks and software services companies. Rioting is occurring in the streets of India over the corruption in the system of socialism where the politicians require Indian people buy their government jobs and supplement their low government pay with bribes.
It appears James Murdoch and all of his executives knew when the papers were engaged in illegal hacking. Does Murdoch blackmail members of Parliament too? The U.K.’s Guardian destroyed Britain’s best-selling Sunday newspaper by exposing that the Rupert Murdochs tabloid hacked a murder victim’s voicemail and other things.
Germany’s annual growth rate has slowed to 0.5% now. Germany and France cannot afford to bail out Greece, Portugal, Italy, and Spain. Perhaps they will force the troubled countries off the Euro until they meet the original limited deficit spending requirements that were in place when the EURO was established. Remember Germany was the first to violate the GDP debt limit requirement because they were bailing out East Germany. France was next and then the EU discipline broke down completely, “A transfer union where Germany pays for the debt of other countries, but has no access to their tax revenues, would probably be the worst outcome for Germany’s rating,” said a Munich.
The Swiss government and central bank talks about a possible target for the Swiss franc to halt its gains has failed and the Swiss franc is rising again.
American Economy-
Last week
MBA Mortgage Index 08/06 rose +21.7% from +7.1% last month. Excellent
Wholesale Inventories Jun increased 0.6% down from 1.8% last month. Improved
Treasury Budget deficit in Jul -$129.4B less than last month -$165.0B. Great reduction in deficit spending
Initial Claims 08/06 395K down from 400K ..very good
Continuing Claims 7/30 3688K down from 3730K ..very good
Trade Balance Jun -$53.1B up from -$50.2B ..we continue to keep the world humming
Retail Sales up in Jul 0.5% from a 0.1% increase in June.
Retail Sales ex-auto Jul up 0.5% 0.from no improvement in June.
Mich Sentiment Aug 54.9 way down from a low 63.7 in July
Empire NY Manufacturing Aug -7.70 vs -3.76 last month. Getting almost twice as bad
Net Long-Term TIC Flows Jun $3.7B a decline from $23.6B last month showing foreign investment dropping.
NAHB Housing Market Index Aug 15 stabilized at last at 15 Some good housing news for a change.
Housing Starts Jul declined to 604K from 629K.. Very good, there are too many already
Building Permits Jul declined to 597K from 624K.. Very good, same reason
Export Prices ex-ag. Jul increased 0.2% from nothing last month. Demand is up, that’s good
Import Prices ex-oil Jul up 0.2% after declining -0.1% last month. Imports cost more then we buy less
Industrial Production Jul up 0.9% from 0.2% last month. Excellent.
Capacity Utilization Jul 77.5% up from 76.7% last month is consistent with more industrial production i.e. good
Today
Yesterday
MBA Mortgage Index 08/13 improved again by+4.1% after improving +21.7% last month.
Producer Price Index Jul was up a normal 0.2% after deflating -0.4% last month
Core PPI Jul remained a normal 0.4% the same as last month
Crude Inventories 08/13 rose 4.233M after falling -5.225M last week.
Today
Aug 18 8:30 AM Initial Claims 08/13
Aug 18 8:30 AM Continuing Claims 08/6
Aug 18 8:30 AM CPI Jul
Aug 18 8:30 AM Core CPI Jul
Aug 18 10:00 AM Existing Home Sales Jul
Aug 18 10:00 AM Philadelphia Fed Aug
Aug 18 10:00 AM Leading Indicators Jul
Market Outlook August 18, 2011
Oil futures declined 1.8 percent as slowing world economies begin to curb oil demand and deflation becomes a greater threat. The difference between yields on 10- year notes and Treasury Inflation Protected Securities reached a low. That narrowing gap indicates the threat of inflation is getting very low. When it inverts (long-term drops below short term) that says we are in a deflationary period. Gold buyers are going to be taken to the cleaners when investors face the reality that Japan type deflation has arrived, not inflation. Of course many socialist central banks just bought gold. Socialist banks always make that mistake and will sell as gold plummets.
Relatively speaking housing is beginning to look better. It is good for new construction to decline until the overburden of foreclosed ‘Obama liar loan” houses is depleted. We expect housing stocks will actually begin to do well since the banks are finally dealing with Obama’s and Barney Frank’s “liar loans”.
You can see the VIX confirmed the capitulation and smaller second bounce and is now subsiding. Volume has also fallen to pre panic levels
http://finance.yahoo.com/q/bc?s=^VIX&t=1y&l=on&z=m&q=l&c=
We expect a normal advance now of up to 50% of the recent decline. See:
http://finance.yahoo.com/q/ta?s=^NYA&t=5y&l=on&z=l&q=l&p=e50%2Ce100&a=&c=
Recovery the past two years was one of Obama’s big lies as he continued to divide Americans and destroy the American economy with socialism and corruption. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stocks were down last night. China down –1.6%, Hong Kong down –1.3%, India down –2.2, Seoul down -1.7%, and Japan down –1.3%.
European markets are down today by about –2.1% to –3.6% half way through their day.
American markets futures are down about –1.4 to –2.15% at 7:30 AM EST
We expect little net recovery or stock market gain this year and next year unless free Obamacare for Obama’s leisure class is declared unconstitutional and his Banking regulations are cut way back closer to the Glass-Steagall Banking Act of 1933. Obama thinks welfare is much better for the “Obama leisure class” than Texas jobs in the fast food industry where there is nothing to rip off and no fringe benefits like copper to remove.
Wednesday, August 17, 2011
President Barrack Obama plans to flood the economy with new money and turn the SBA into another liar loan outlet for his “chosen people”
President Barrack Obama plans to flood the economy with new money and turn the Small Business Administration into another liar loan outlet for his “chosen people” after succeeding so well in using liar loans to transfer wealth from the housing and banking industry to his “chosen people”. His “chosen people” will be able to get “business loans” insured and without questions asked. President Barrack Obama told an audience in rural Iowa that the U.S. economy will be “stronger than before” as he sought to regain the initiative on the economic debate that likely will dominate the 2012 campaign. “It is going to be driven by folks here in Iowa.”
But Texas Governor Perry obviously questions whether the warm feeling we get from Obama peeing his ignorant homilies on the legs of hard working Americans has any economic benefit.
“The president of the United States has conducted an experiment on the American economy for almost the last three years, and it has gone tragically wrong,” Perry said yesterday in Cedar Rapids, Iowa. Perry said any move by Federal Reserve Chairman Ben S. Bernanke to act on stimulus measures before the 2012 election would be “almost treasonous.”
President Obama’s spokesmen immediately struck back and criticized Governor Perry and said all the job creation in Texas was in “Mac Donald’s” type jobs which are beneath the dignity of Obama and his “chosen people.”
The daily Gallup poll that tracks presidential approval ratings showed Monday that President Obama's fell to 39 percent. Democratic pollster Doug Schoen said on Monday's Power Play Live that at 39 percent, "He's unelectable." Last week Obama threaten to withhold the salary of American warriors before he cuts the benefits to his vicious and idle “chosen people.”
Government figures show that global demand for U.S. stocks, bonds and other financial assets weakened in June from a month earlier when Obama vetoed the first of six plans Congress put forth for raising the debt limit. There were 3 bipartisan and 3 “Republican only supported” proposals that Obama rejected. In other words Republicans supported six plans, democrats in Congress supported three bi-partisan plans but Obama rejected them because he was concerned about their impact on his campaign in 2012. The consequence of Obama’s narcissism and selfishness was the cut in America’s S&P rating.
Obama is a curse not just on America. He is a curse on the entire planet. After Obama throws billions to the vicious and idle ACORN in America, other nasty, vicious, and idle community activists in Britain who like Obama and who already have wealth redistributed under socialism went rioting in Britain giving welfare societies around the world a black eye.
The economic crisis is the result of the contagion of socialism that corrupts all economic and social institutions in favor of the vicious and idle who form the leisure class of socialist societies. When the viicous and idle leisure class becomes a 51% majority, that is when the government breaks down and tyrants rise up to rule demanding changes to the Constitution so that they have no term limits and dictatorial powers like Obama’s hero in Venezuela did. Americans have watched the violence of the vicious and idle in Greece and Britain and are beginning to see the future consequences of Obama’s policies. Obama is undermining American liberties while destroying the American economy by replacing free enterprise with ignorant-socialist-Obama-Czars. Obama's stumbling bumbling policies will soon be wrecking the environment too with high maintenance windmills and toxic worn out car batteries.
World Markets:
Sensex India’s benchmark stock index advanced for the first time in four days as some investors judged recent declines excessive. Rioting is occurring in the streets of India over the corruption in the system of socialism where the politicians require Indian people buy their government jobs and supplement their low government pay with bribes.
It appears James Murdoch and all of his executives knew when the papers were engaged in illegal hacking. Does Murdoch blackmail members of Parliament too?
Germany’s annual growth rate has slowed to 0.5% now. Germany and France cannot afford to bail out Greece, Portugal, Italy, and Spain. Perhaps they will force the troubled countries off the Euro until they meet the original limited deficit spending requirements that were in place when the EURO was established. Remember Germany was the first to violate the GDP debt limit requirement because they were bailing out East Germany. France was next and then the EU discipline broke down completely, “A transfer union where Germany pays for the debt of other countries, but has no access to their tax revenues, would probably be the worst outcome for Germany’s rating,” said a Munich.
The Swiss government and central bank talks about a possible target for the Swiss franc to halt its gains has failed and the Swiss franc is rising again.
American Economy-
Last week
MBA Mortgage Index 08/06 rose +21.7% from +7.1% last month. Excellent
Wholesale Inventories Jun increased 0.6% down from 1.8% last month. Improved
Treasury Budget deficit in Jul -$129.4B less than last month -$165.0B. Great reduction in deficit spending
Initial Claims 08/06 395K down from 400K ..very good
Continuing Claims 7/30 3688K down from 3730K ..very good
Trade Balance Jun -$53.1B up from -$50.2B ..we continue to keep the world humming
Retail Sales up in Jul 0.5% from a 0.1% increase in June.
Retail Sales ex-auto Jul up 0.5% 0.from no improvement in June.
Mich Sentiment Aug 54.9 way down from a low 63.7 in July
Monday
Empire NY Manufacturing Aug -7.70 vs -3.76 last month. Getting almost twice as bad
Net Long-Term TIC Flows Jun $3.7B a decline from $23.6B last month showing foreign investment dropping.
NAHB Housing Market Index Aug 15 stabilized at last at 15 Some good housing news for a change.
Today
Housing Starts Jul declined to 604K from 629K.. Very good, there are too many already
Building Permits Jul declined to 597K from 624K.. Very good, same reason
Export Prices ex-ag. Jul increased 0.2% from nothing last month. Demand is up, that’s good
Import Prices ex-oil Jul up 0.2% after declining -0.1% last month. Imports cost more then we buy less
Industrial Production Jul up 0.9% from 0.2% last month. Excellent.
Capacity Utilization Jul 77.5% up from 76.7% last month is consistent with more industrial production i.e. good
This week
Aug 17 7:00 AM MBA Mortgage Index 08/13
Aug 17 8:30 AM PPI Jul
Aug 17 8:30 AM Core PPI Jul
Aug 17 10:30 AM Crude Inventories 08/13
Aug 18 8:30 AM Initial Claims 08/13
Aug 18 8:30 AM Continuing Claims 08/6
Aug 18 8:30 AM CPI Jul
Aug 18 8:30 AM Core CPI Jul
Aug 18 10:00 AM Existing Home Sales Jul
Aug 18 10:00 AM Philadelphia Fed Aug
Aug 18 10:00 AM Leading Indicators Jul
Market Outlook August 17, 2011
The difference between yields on 10- year notes and Treasury Inflation Protected Securities reached a one-week low before government reports today and tomorrow that economists said will show inflation in check. That gap indicates the threat of inflation is very low. When it inverts (long-term drops below short term) that says we are in a deflationary period. Gold buyers are going to be taken to the cleaners.
Relatively speaking housing is beginning to look better. It is good for new construction to decline until the overburden of foreclosed ‘Obama liar loan” houses is depleted. Unfortunately Obama’s chosen people don’t just default, their homes often mysteriously get gutted of copper plumbing and copper wire making the homes worthless. Obama thinks it must be some coincidence and revealing this problem shows a lack of diversity training in the media. We expect housing stocks will actually begin to do well as the banks are finally dealing with Obama’s and Barney Frank’s “liar loans” that freed up housing for Obama’s “chosen people” to wreck.
An America without liar-Obama would be well into recovery. But even with Obama… things will appear to improve because Obama screwed things up extremely bad last year with continued liar-mortgages to his chosen few. The end to the home-buyer tax break hurt things badly a year ago. Therefore relatively speaking things will look much better in housing for a few months. The auto industry will look a lot worse though because liar-Obama last year threw money at that industry to fool people into thinking his socialism helped the auto industry when all he really did was bail out the unions that backed his election campaign.
You can see the VIX confirmed the capitulation and smaller second bounce and is now subsiding. http://finance.yahoo.com/q/bc?s=^VIX&t=6m&l=on&z=m&q=l&c=
We expect a normal advance now of up to 50% of the recent decline. Last fall the market almost doubled what it lost in the May 2010 panic. See:
http://finance.yahoo.com/q/ta?s=^NYA&t=5d&l=on&z=l&q=l&p=e50%2Ce100&a=&c=
Recovery the past two years was one of Obama’s big lies as he continued to divide Americans and destroy the American economy. Click on the 5yr chart and see full effect of the slowdown in world dry shipments which shows Obama did nothing at all but destroy hope by forcing Obamacare for his indigent leisure class down the throats of working Americans. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stocks were mixed last night. China down –0.3%, Hong Kong up 0.4%, India up 0.7, Seoul up 0.7%, and Japan down -0.6%.
European markets are down today by about -1.2% to +0.5% half way through their day.
American markets futures are mixed about +0.1% at 6:00 AM EST
Still we expect little net gain this year and next year unless free Obamacare for Obama’s leisure class is declared unconstitutional and his Banking regulations are cut way back closer to the Glass-Steagall Banking Act of 1933. Obama thinks welfare is much better for the “Obama leisure class” than Texas jobs in the fast food industry where there is nothing to rip off and no fringe benefits like copper to remove.
But Texas Governor Perry obviously questions whether the warm feeling we get from Obama peeing his ignorant homilies on the legs of hard working Americans has any economic benefit.
“The president of the United States has conducted an experiment on the American economy for almost the last three years, and it has gone tragically wrong,” Perry said yesterday in Cedar Rapids, Iowa. Perry said any move by Federal Reserve Chairman Ben S. Bernanke to act on stimulus measures before the 2012 election would be “almost treasonous.”
President Obama’s spokesmen immediately struck back and criticized Governor Perry and said all the job creation in Texas was in “Mac Donald’s” type jobs which are beneath the dignity of Obama and his “chosen people.”
The daily Gallup poll that tracks presidential approval ratings showed Monday that President Obama's fell to 39 percent. Democratic pollster Doug Schoen said on Monday's Power Play Live that at 39 percent, "He's unelectable." Last week Obama threaten to withhold the salary of American warriors before he cuts the benefits to his vicious and idle “chosen people.”
Government figures show that global demand for U.S. stocks, bonds and other financial assets weakened in June from a month earlier when Obama vetoed the first of six plans Congress put forth for raising the debt limit. There were 3 bipartisan and 3 “Republican only supported” proposals that Obama rejected. In other words Republicans supported six plans, democrats in Congress supported three bi-partisan plans but Obama rejected them because he was concerned about their impact on his campaign in 2012. The consequence of Obama’s narcissism and selfishness was the cut in America’s S&P rating.
Obama is a curse not just on America. He is a curse on the entire planet. After Obama throws billions to the vicious and idle ACORN in America, other nasty, vicious, and idle community activists in Britain who like Obama and who already have wealth redistributed under socialism went rioting in Britain giving welfare societies around the world a black eye.
The economic crisis is the result of the contagion of socialism that corrupts all economic and social institutions in favor of the vicious and idle who form the leisure class of socialist societies. When the viicous and idle leisure class becomes a 51% majority, that is when the government breaks down and tyrants rise up to rule demanding changes to the Constitution so that they have no term limits and dictatorial powers like Obama’s hero in Venezuela did. Americans have watched the violence of the vicious and idle in Greece and Britain and are beginning to see the future consequences of Obama’s policies. Obama is undermining American liberties while destroying the American economy by replacing free enterprise with ignorant-socialist-Obama-Czars. Obama's stumbling bumbling policies will soon be wrecking the environment too with high maintenance windmills and toxic worn out car batteries.
World Markets:
Sensex India’s benchmark stock index advanced for the first time in four days as some investors judged recent declines excessive. Rioting is occurring in the streets of India over the corruption in the system of socialism where the politicians require Indian people buy their government jobs and supplement their low government pay with bribes.
It appears James Murdoch and all of his executives knew when the papers were engaged in illegal hacking. Does Murdoch blackmail members of Parliament too?
Germany’s annual growth rate has slowed to 0.5% now. Germany and France cannot afford to bail out Greece, Portugal, Italy, and Spain. Perhaps they will force the troubled countries off the Euro until they meet the original limited deficit spending requirements that were in place when the EURO was established. Remember Germany was the first to violate the GDP debt limit requirement because they were bailing out East Germany. France was next and then the EU discipline broke down completely, “A transfer union where Germany pays for the debt of other countries, but has no access to their tax revenues, would probably be the worst outcome for Germany’s rating,” said a Munich.
The Swiss government and central bank talks about a possible target for the Swiss franc to halt its gains has failed and the Swiss franc is rising again.
American Economy-
Last week
MBA Mortgage Index 08/06 rose +21.7% from +7.1% last month. Excellent
Wholesale Inventories Jun increased 0.6% down from 1.8% last month. Improved
Treasury Budget deficit in Jul -$129.4B less than last month -$165.0B. Great reduction in deficit spending
Initial Claims 08/06 395K down from 400K ..very good
Continuing Claims 7/30 3688K down from 3730K ..very good
Trade Balance Jun -$53.1B up from -$50.2B ..we continue to keep the world humming
Retail Sales up in Jul 0.5% from a 0.1% increase in June.
Retail Sales ex-auto Jul up 0.5% 0.from no improvement in June.
Mich Sentiment Aug 54.9 way down from a low 63.7 in July
Monday
Empire NY Manufacturing Aug -7.70 vs -3.76 last month. Getting almost twice as bad
Net Long-Term TIC Flows Jun $3.7B a decline from $23.6B last month showing foreign investment dropping.
NAHB Housing Market Index Aug 15 stabilized at last at 15 Some good housing news for a change.
Today
Housing Starts Jul declined to 604K from 629K.. Very good, there are too many already
Building Permits Jul declined to 597K from 624K.. Very good, same reason
Export Prices ex-ag. Jul increased 0.2% from nothing last month. Demand is up, that’s good
Import Prices ex-oil Jul up 0.2% after declining -0.1% last month. Imports cost more then we buy less
Industrial Production Jul up 0.9% from 0.2% last month. Excellent.
Capacity Utilization Jul 77.5% up from 76.7% last month is consistent with more industrial production i.e. good
This week
Aug 17 7:00 AM MBA Mortgage Index 08/13
Aug 17 8:30 AM PPI Jul
Aug 17 8:30 AM Core PPI Jul
Aug 17 10:30 AM Crude Inventories 08/13
Aug 18 8:30 AM Initial Claims 08/13
Aug 18 8:30 AM Continuing Claims 08/6
Aug 18 8:30 AM CPI Jul
Aug 18 8:30 AM Core CPI Jul
Aug 18 10:00 AM Existing Home Sales Jul
Aug 18 10:00 AM Philadelphia Fed Aug
Aug 18 10:00 AM Leading Indicators Jul
Market Outlook August 17, 2011
The difference between yields on 10- year notes and Treasury Inflation Protected Securities reached a one-week low before government reports today and tomorrow that economists said will show inflation in check. That gap indicates the threat of inflation is very low. When it inverts (long-term drops below short term) that says we are in a deflationary period. Gold buyers are going to be taken to the cleaners.
Relatively speaking housing is beginning to look better. It is good for new construction to decline until the overburden of foreclosed ‘Obama liar loan” houses is depleted. Unfortunately Obama’s chosen people don’t just default, their homes often mysteriously get gutted of copper plumbing and copper wire making the homes worthless. Obama thinks it must be some coincidence and revealing this problem shows a lack of diversity training in the media. We expect housing stocks will actually begin to do well as the banks are finally dealing with Obama’s and Barney Frank’s “liar loans” that freed up housing for Obama’s “chosen people” to wreck.
An America without liar-Obama would be well into recovery. But even with Obama… things will appear to improve because Obama screwed things up extremely bad last year with continued liar-mortgages to his chosen few. The end to the home-buyer tax break hurt things badly a year ago. Therefore relatively speaking things will look much better in housing for a few months. The auto industry will look a lot worse though because liar-Obama last year threw money at that industry to fool people into thinking his socialism helped the auto industry when all he really did was bail out the unions that backed his election campaign.
You can see the VIX confirmed the capitulation and smaller second bounce and is now subsiding. http://finance.yahoo.com/q/bc?s=^VIX&t=6m&l=on&z=m&q=l&c=
We expect a normal advance now of up to 50% of the recent decline. Last fall the market almost doubled what it lost in the May 2010 panic. See:
http://finance.yahoo.com/q/ta?s=^NYA&t=5d&l=on&z=l&q=l&p=e50%2Ce100&a=&c=
Recovery the past two years was one of Obama’s big lies as he continued to divide Americans and destroy the American economy. Click on the 5yr chart and see full effect of the slowdown in world dry shipments which shows Obama did nothing at all but destroy hope by forcing Obamacare for his indigent leisure class down the throats of working Americans. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stocks were mixed last night. China down –0.3%, Hong Kong up 0.4%, India up 0.7, Seoul up 0.7%, and Japan down -0.6%.
European markets are down today by about -1.2% to +0.5% half way through their day.
American markets futures are mixed about +0.1% at 6:00 AM EST
Still we expect little net gain this year and next year unless free Obamacare for Obama’s leisure class is declared unconstitutional and his Banking regulations are cut way back closer to the Glass-Steagall Banking Act of 1933. Obama thinks welfare is much better for the “Obama leisure class” than Texas jobs in the fast food industry where there is nothing to rip off and no fringe benefits like copper to remove.
Tuesday, August 16, 2011
President Barrack Obama admitted Monday that his standoff in Washington over the debt ceiling damaged the economy by creating more uncertainty
President Barrack Obama admitted Monday that his standoff in Washington over the debt ceiling damaged the economy by creating more uncertainty about the nation’s direction. There were three workable bi-partisan and three additional Republican proposals, none of which he would consider because they could come up again during the Obama election campaign. Obama destroyed America’s credit rating to make his campaign easier.
The daily Gallup poll that tracks presidential approval ratings showed Monday that President Obama's fell to 39 percent. Democratic pollster Doug Schoen said on Monday's Power Play Live that at 39 percent, "He's unelectable."
Google Inc., the biggest maker of smartphone software, agreed to buy Motorola Mobility Holdings Inc. for $12.5 billion in its largest acquisition, gaining mobile patents and expanding in the hardware business.
Time Warner Cable Inc., the second-largest U.S. cable- television operator, agreed to buy Carlyle Group’s Insight Communications Co. for $3 billion in cash. Provimi SA said Cargill Inc. offered to buy the company for an enterprise value of 1.5 billion euros.
Government figures show that global demand for U.S. stocks, bonds and other financial assets weakened in June from a month earlier when Obama vetoed the first of six plans Congress put forth for raising the debt limit. There were 3 bipartisan and 3 Republican only proposals Obama rejected. Obama caused a week delay because Obama objected to having another debt ceiling hit before the 2012 election.
Obama is a curse not just on America. He is a curse on the entire planet. As soon as he approved offshore drilling America had the worst offshore well disaster in history. As soon as he approved a restart of America’s nuclear industry Japan had the second worst meltdown in history. As soon as he started the green battery automobile plan with an absurd moronic goal of a 50% improvement in efficiency in three years… the liar-leftist, socialists, and communists of the world started to go broke on all their green dreams. After Obama throws billions to the vicious and idle ACORN in America, other nasty, vicious, and idle community activists in Britain who like Obama and who already are the beneficiaries of socialism went rioting in Britain giving welfare societies around the world a black eye. Thanks to Obama threatening to veto the three bi-partisan congressional agreements on the debt ceiling days before the deadline, the USA now has a lower credit rating than France does. The world can hardly wait until Obama quits and goes back home to Nigeria where his luck is normal and he can be to be a community activist again. The Nigerians can tell that Obama will return soon as their luck is already beginning to turn sour.
David Cameron made a speech in Witney Oxfordshire, August 15, 2011, about the riots that hit England last week. "On schools, welfare, families, parenting, addiction, communities; on the cultural, legal, bureaucratic problems in our society, too, from the twisting and misrepresenting of human rights that has undermined personal responsibility, to the obsession with health and safety that has eroded people's willingness to act according to common sense – and consider whether our plans and programmes are big enough and bold enough to deliver the change that I feel this country now wants to see."
"Irresponsibility. Selfishness. Behaving as if your choices have no consequences. Children without fathers. Schools without discipline. Reward without effort. Crime without punishment. Rights without responsibilities. Communities without control. Some of the worst aspects of human nature tolerated, indulged – sometimes even incentivised – by a state and its agencies that in parts have become literally de-moralised,"
America may face riots like in Greece and Britain. Fortunately Obama is just stupid enough to threaten to withhold the salary of American warriors before he cuts the benefits to his vicious and idle chosen people. Fortunately Obama is stupid enough to release American warriors into the Obama Depression unemployment lines when he scales back the Armed Forces and American unemployment spikes upward. Fortunately most Americans will stomp out Obama’s viscous and idle chosen people if they rise up to subvert or even attempt to corrupt America’s Constitution as they have corrupted everything else.
Economic stupidity is recognized when liar-leftists try to control development by raising the cost of production of things that liar-leftists don’t like such as gasoline, heating oil, natural gas, highways, wealth creation, and research and development of energy related technology. Liar-leftists are “unibombers” at heart fighting against free enterprise that generates the advances of science and technology that are what is needed to keep America humming.
The economic crisis is the result of the contagion of socialism that corrupts all economic and social institutions in favor of the vicious and idle who form the leisure class of socialist societies. When the vicious and idle leisure class becomes a 51% majority, that is when the government breaks down and tyrants rise up to rule demanding changes to the Constitution so that they have no term limits and dictatorial powers like Obama’s hero in Venezuela did. Americans have watched the violence of the vicious and idle in Greece and Britain and are beginning to see the future consequences of Obama’s policies. Obama is undermining American liberties while destroying the American economy by replacing free enterprise with ignorant-socialist-Obama-Czars. Obama's stumbling bumbling policies will soon be wrecking the environment too with high maintenance windmills and toxic worn out car batteries.
World Markets:
Germany and France cannot afford to bail out Greece, Portugal, Italy, and Spain. Perhaps they will force the troubled countries off the Euro until they meet the original limited deficit spending requirements that were in place when the EURO was established. Remember Germany was the first to violate the GDP debt limit requirement because they were bailing out East Germany. France was next and then the EU discipline broke down completely
The Swiss government and central bank are in talks about a possible target for the Swiss franc to halt its gains.
We believe that for now we have seen the worst of last weeks panic that the hedge funds created shorting stocks worldwide. But now the hedge funds know how to do it in a controlled way and we expect to see it happen again within a year. This market panic was not an economic factor. This market panic was planned using computers to carry it out. The socialist countries have now temporarily banned shorting.
We expect a rebound but higher than normal volatility for a while. We would take advantage of any 20+% percent type upward stock price spikes in individual stocks due to volatility. Things will only continually get worse for the world economies while liar-leftist Obama is in power.
American Economy-
Last week
MBA Mortgage Index 08/06 rose +21.7% from +7.1% last month. Excellent
Wholesale Inventories Jun increased 0.6% down from 1.8% last month. Improved
Treasury Budget deficit in Jul -$129.4B less than last month -$165.0B. Great reduction in deficit spending
Initial Claims 08/06 395K down from 400K ..very good
Continuing Claims 7/30 3688K down from 3730K ..very good
Trade Balance Jun -$53.1B up from -$50.2B ..we continue to keep the world humming
Retail Sales up in Jul 0.5% from a 0.1% increase in June.
Retail Sales ex-auto Jul up 0.5% 0.from no improvement in June.
Mich Sentiment Aug 54.9 way down from a low 63.7 in July
Monday
Empire NY Manufacturing Aug -7.70 vs -3.76 last month. Getting almost twice as bad
Net Long-Term TIC Flows Jun $3.7B a decline from $23.6B last month showing foreign investment dropping.
NAHB Housing Market Index Aug 15 stabilized at last at 15 Some good housing news for a change.
Today
Aug 16 8:30 AM Housing Starts Jul
Aug 16 8:30 AM Building Permits Jul
Aug 16 8:30 AM Export Prices ex-ag. Jul
Aug 16 8:30 AM Import Prices ex-oil Jul
Aug 16 9:15 AM Industrial Production Jul
Aug 16 9:15 AM Capacity Utilization Jul
This week
Aug 17 7:00 AM MBA Mortgage Index 08/13
Aug 17 8:30 AM PPI Jul
Aug 17 8:30 AM Core PPI Jul
Aug 17 10:30 AM Crude Inventories 08/13
Aug 18 8:30 AM Initial Claims 08/13
Aug 18 8:30 AM Continuing Claims 08/6
Aug 18 8:30 AM CPI Jul
Aug 18 8:30 AM Core CPI Jul
Aug 18 10:00 AM Existing Home Sales Jul
Aug 18 10:00 AM Philadelphia Fed Aug
Aug 18 10:00 AM Leading Indicators Jul
Market Outlook August 16, 2011
New data indicates housing will appear to improve because last year was extremely bad. Relatively speaking housing will begin to look better. We expect housing stocks will actually begin to do well as the banks are finally dealing with Obama’s and Barney Frank’s “liar loans” and free houses for Obama’s “chosen people” to wreck.
In America without liar-Obama we would be well into recovery. But even with Obama… things will appear to improve because Obama screwed things up extremely bad last year with continued liar-mortgages to his chosen few. The end to the home-buyer tax break hurt things badly a year ago. Therefore relatively speaking things will look much better in housing for a few months. The auto industry will look a lot worse though because liar-Obama last year threw money at that industry to fool people into thinking his socialism helped the auto industry when all he really did was bail out the unions that backed his election campaign.
You can see the VIX confirmed the capitulation and smaller second bounce and is now subsiding. We expect another test this year, probably in a month or two. Then we could see a few months of solid advances provided it looks like Obama will pull out as a candidate for president. We believe Obama knows he has been a lame duck already for a year and is pretending to run just so he will not be ignored by the liar-leftist media. Obama’s lunatic liar-leftist ideas are poison to the world economy. Obama’s vision for the automobile industry in ten years is mountains of worn out automobile batteries in dumps leaking toxic waste, polluting our supply of drinking water and killing polar bears and fish in record numbers. Spain’s green energy boom is now a toxic waste of stimulation funds and Obama modeled his plan after Spain’s plan.
http://finance.yahoo.com/q/bc?s=^VIX&t=6m&l=on&z=m&q=l&c=
We expect a normal advance now of about 50% of the recent decline. Last fall the market almost doubled what it lost in the May panic. See:
http://finance.yahoo.com/q/ta?s=^NYA&t=5d&l=on&z=l&q=l&p=e50%2Ce100&a=&c=
Recovery the past two years was one of Obama’s big lies as he continued to divide Americans and destroy the American economy. Click on the 5yr chart and see full effect of the slowdown in world dry shipments which shows Obama did nothing at all but destroy hope by forcing Obamacare for his indigent leisure class down the throats of working Americans. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stocks were down last night. China down –0.7%, Hong Kong down –0.2%, India down –0.7, Seoul up 4.3%, and Japan up 0.2%.
European markets are down today by about -0.4% to -1.8% half way through their day.
American markets futures are down about 1.3% at 8:00 AM EST
It appears the decline double bottomed last week. Still we expect little net gain this year and next year unless Obamacare for his leisure class is declared unconstitutional and his regulations are cut way back closer to the Glass-Steagall Banking Act of 1933. Americans do not want USSR style Obamacare because it is just based on another Obama leftist lie. Socialist healthcare is far inferior to American healthcare. What is already killing Medicare is Obama’s leisure class entitlements to it. They already had free health care because American tradition always helps those in need even though no American ever was entitled to health care or Social Security unless they worked and paid into the systems. Obamacare is a liar-leftist act of stupidity and is a blank check to Obama’s leisure class. Obamacare must be declared unconstitutional or American becomes just another bankrupt socialist state with no incentives to help others by improving the human condition.
The daily Gallup poll that tracks presidential approval ratings showed Monday that President Obama's fell to 39 percent. Democratic pollster Doug Schoen said on Monday's Power Play Live that at 39 percent, "He's unelectable."
Google Inc., the biggest maker of smartphone software, agreed to buy Motorola Mobility Holdings Inc. for $12.5 billion in its largest acquisition, gaining mobile patents and expanding in the hardware business.
Time Warner Cable Inc., the second-largest U.S. cable- television operator, agreed to buy Carlyle Group’s Insight Communications Co. for $3 billion in cash. Provimi SA said Cargill Inc. offered to buy the company for an enterprise value of 1.5 billion euros.
Government figures show that global demand for U.S. stocks, bonds and other financial assets weakened in June from a month earlier when Obama vetoed the first of six plans Congress put forth for raising the debt limit. There were 3 bipartisan and 3 Republican only proposals Obama rejected. Obama caused a week delay because Obama objected to having another debt ceiling hit before the 2012 election.
Obama is a curse not just on America. He is a curse on the entire planet. As soon as he approved offshore drilling America had the worst offshore well disaster in history. As soon as he approved a restart of America’s nuclear industry Japan had the second worst meltdown in history. As soon as he started the green battery automobile plan with an absurd moronic goal of a 50% improvement in efficiency in three years… the liar-leftist, socialists, and communists of the world started to go broke on all their green dreams. After Obama throws billions to the vicious and idle ACORN in America, other nasty, vicious, and idle community activists in Britain who like Obama and who already are the beneficiaries of socialism went rioting in Britain giving welfare societies around the world a black eye. Thanks to Obama threatening to veto the three bi-partisan congressional agreements on the debt ceiling days before the deadline, the USA now has a lower credit rating than France does. The world can hardly wait until Obama quits and goes back home to Nigeria where his luck is normal and he can be to be a community activist again. The Nigerians can tell that Obama will return soon as their luck is already beginning to turn sour.
David Cameron made a speech in Witney Oxfordshire, August 15, 2011, about the riots that hit England last week. "On schools, welfare, families, parenting, addiction, communities; on the cultural, legal, bureaucratic problems in our society, too, from the twisting and misrepresenting of human rights that has undermined personal responsibility, to the obsession with health and safety that has eroded people's willingness to act according to common sense – and consider whether our plans and programmes are big enough and bold enough to deliver the change that I feel this country now wants to see."
"Irresponsibility. Selfishness. Behaving as if your choices have no consequences. Children without fathers. Schools without discipline. Reward without effort. Crime without punishment. Rights without responsibilities. Communities without control. Some of the worst aspects of human nature tolerated, indulged – sometimes even incentivised – by a state and its agencies that in parts have become literally de-moralised,"
America may face riots like in Greece and Britain. Fortunately Obama is just stupid enough to threaten to withhold the salary of American warriors before he cuts the benefits to his vicious and idle chosen people. Fortunately Obama is stupid enough to release American warriors into the Obama Depression unemployment lines when he scales back the Armed Forces and American unemployment spikes upward. Fortunately most Americans will stomp out Obama’s viscous and idle chosen people if they rise up to subvert or even attempt to corrupt America’s Constitution as they have corrupted everything else.
Economic stupidity is recognized when liar-leftists try to control development by raising the cost of production of things that liar-leftists don’t like such as gasoline, heating oil, natural gas, highways, wealth creation, and research and development of energy related technology. Liar-leftists are “unibombers” at heart fighting against free enterprise that generates the advances of science and technology that are what is needed to keep America humming.
The economic crisis is the result of the contagion of socialism that corrupts all economic and social institutions in favor of the vicious and idle who form the leisure class of socialist societies. When the vicious and idle leisure class becomes a 51% majority, that is when the government breaks down and tyrants rise up to rule demanding changes to the Constitution so that they have no term limits and dictatorial powers like Obama’s hero in Venezuela did. Americans have watched the violence of the vicious and idle in Greece and Britain and are beginning to see the future consequences of Obama’s policies. Obama is undermining American liberties while destroying the American economy by replacing free enterprise with ignorant-socialist-Obama-Czars. Obama's stumbling bumbling policies will soon be wrecking the environment too with high maintenance windmills and toxic worn out car batteries.
World Markets:
Germany and France cannot afford to bail out Greece, Portugal, Italy, and Spain. Perhaps they will force the troubled countries off the Euro until they meet the original limited deficit spending requirements that were in place when the EURO was established. Remember Germany was the first to violate the GDP debt limit requirement because they were bailing out East Germany. France was next and then the EU discipline broke down completely
The Swiss government and central bank are in talks about a possible target for the Swiss franc to halt its gains.
We believe that for now we have seen the worst of last weeks panic that the hedge funds created shorting stocks worldwide. But now the hedge funds know how to do it in a controlled way and we expect to see it happen again within a year. This market panic was not an economic factor. This market panic was planned using computers to carry it out. The socialist countries have now temporarily banned shorting.
We expect a rebound but higher than normal volatility for a while. We would take advantage of any 20+% percent type upward stock price spikes in individual stocks due to volatility. Things will only continually get worse for the world economies while liar-leftist Obama is in power.
American Economy-
Last week
MBA Mortgage Index 08/06 rose +21.7% from +7.1% last month. Excellent
Wholesale Inventories Jun increased 0.6% down from 1.8% last month. Improved
Treasury Budget deficit in Jul -$129.4B less than last month -$165.0B. Great reduction in deficit spending
Initial Claims 08/06 395K down from 400K ..very good
Continuing Claims 7/30 3688K down from 3730K ..very good
Trade Balance Jun -$53.1B up from -$50.2B ..we continue to keep the world humming
Retail Sales up in Jul 0.5% from a 0.1% increase in June.
Retail Sales ex-auto Jul up 0.5% 0.from no improvement in June.
Mich Sentiment Aug 54.9 way down from a low 63.7 in July
Monday
Empire NY Manufacturing Aug -7.70 vs -3.76 last month. Getting almost twice as bad
Net Long-Term TIC Flows Jun $3.7B a decline from $23.6B last month showing foreign investment dropping.
NAHB Housing Market Index Aug 15 stabilized at last at 15 Some good housing news for a change.
Today
Aug 16 8:30 AM Housing Starts Jul
Aug 16 8:30 AM Building Permits Jul
Aug 16 8:30 AM Export Prices ex-ag. Jul
Aug 16 8:30 AM Import Prices ex-oil Jul
Aug 16 9:15 AM Industrial Production Jul
Aug 16 9:15 AM Capacity Utilization Jul
This week
Aug 17 7:00 AM MBA Mortgage Index 08/13
Aug 17 8:30 AM PPI Jul
Aug 17 8:30 AM Core PPI Jul
Aug 17 10:30 AM Crude Inventories 08/13
Aug 18 8:30 AM Initial Claims 08/13
Aug 18 8:30 AM Continuing Claims 08/6
Aug 18 8:30 AM CPI Jul
Aug 18 8:30 AM Core CPI Jul
Aug 18 10:00 AM Existing Home Sales Jul
Aug 18 10:00 AM Philadelphia Fed Aug
Aug 18 10:00 AM Leading Indicators Jul
Market Outlook August 16, 2011
New data indicates housing will appear to improve because last year was extremely bad. Relatively speaking housing will begin to look better. We expect housing stocks will actually begin to do well as the banks are finally dealing with Obama’s and Barney Frank’s “liar loans” and free houses for Obama’s “chosen people” to wreck.
In America without liar-Obama we would be well into recovery. But even with Obama… things will appear to improve because Obama screwed things up extremely bad last year with continued liar-mortgages to his chosen few. The end to the home-buyer tax break hurt things badly a year ago. Therefore relatively speaking things will look much better in housing for a few months. The auto industry will look a lot worse though because liar-Obama last year threw money at that industry to fool people into thinking his socialism helped the auto industry when all he really did was bail out the unions that backed his election campaign.
You can see the VIX confirmed the capitulation and smaller second bounce and is now subsiding. We expect another test this year, probably in a month or two. Then we could see a few months of solid advances provided it looks like Obama will pull out as a candidate for president. We believe Obama knows he has been a lame duck already for a year and is pretending to run just so he will not be ignored by the liar-leftist media. Obama’s lunatic liar-leftist ideas are poison to the world economy. Obama’s vision for the automobile industry in ten years is mountains of worn out automobile batteries in dumps leaking toxic waste, polluting our supply of drinking water and killing polar bears and fish in record numbers. Spain’s green energy boom is now a toxic waste of stimulation funds and Obama modeled his plan after Spain’s plan.
http://finance.yahoo.com/q/bc?s=^VIX&t=6m&l=on&z=m&q=l&c=
We expect a normal advance now of about 50% of the recent decline. Last fall the market almost doubled what it lost in the May panic. See:
http://finance.yahoo.com/q/ta?s=^NYA&t=5d&l=on&z=l&q=l&p=e50%2Ce100&a=&c=
Recovery the past two years was one of Obama’s big lies as he continued to divide Americans and destroy the American economy. Click on the 5yr chart and see full effect of the slowdown in world dry shipments which shows Obama did nothing at all but destroy hope by forcing Obamacare for his indigent leisure class down the throats of working Americans. See:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stocks were down last night. China down –0.7%, Hong Kong down –0.2%, India down –0.7, Seoul up 4.3%, and Japan up 0.2%.
European markets are down today by about -0.4% to -1.8% half way through their day.
American markets futures are down about 1.3% at 8:00 AM EST
It appears the decline double bottomed last week. Still we expect little net gain this year and next year unless Obamacare for his leisure class is declared unconstitutional and his regulations are cut way back closer to the Glass-Steagall Banking Act of 1933. Americans do not want USSR style Obamacare because it is just based on another Obama leftist lie. Socialist healthcare is far inferior to American healthcare. What is already killing Medicare is Obama’s leisure class entitlements to it. They already had free health care because American tradition always helps those in need even though no American ever was entitled to health care or Social Security unless they worked and paid into the systems. Obamacare is a liar-leftist act of stupidity and is a blank check to Obama’s leisure class. Obamacare must be declared unconstitutional or American becomes just another bankrupt socialist state with no incentives to help others by improving the human condition.
Subscribe to:
Posts (Atom)