Obama should resign for the good of the country. Everything he has done should be repealed because no one had time to read any of his leftist bull

We were out of the stock market three days before the October 1987 stock market panic and when it happened most people could not even call into their brokers to trade because the lines were jammed. In two days some markets were down over twenty percent. The market double bottomed a week later but then had a slightly lower triple bottom another five weeks later. Yesterday the market appeared to double bottom but we will not know for sure until it is all over. That 1987 panic was the first test of the then new Reagan FED appointee, chairman Alan Greenspan. Alan Greenspan was an Objectivist follower of Ayn Rand’s philosophy. He immediately jawboned the computerized panic and provided Wall Street with liquidity. The current panic has about 50% less volatility than the panic caused by leftists in October of 1987. You can blame the 1987 panic on the leftists in Congress who were attacking President Reagan in an attempt to paralyze the American government and impeach one of America’s greatest… President Reagan. The current market panic is over the irresponsible deficit caused by spending on Obama’s leisure class voting block who want to democratically take over America the same way Hitler, Lenin, Castro, and Ortega democratically took over their countries using the leisure class of bums and thugs who are society’s takers not contributors. Americans must defend the real workers from the rapacity and violence of the vicious and idle Obama Leisure class epitomized by the Obama Chicago Acorn organization. The Obama administration is Missing In Action with this first financial panic since the communist wannabes came to power. You see, under communism Obama could make his opposition disappear. Remember how Obama in his first months in office wanted new FCC laws to silence Rush Limbaugh and how Obama’s advisors spent many hours trying to stifle America’s freedom of the press going after Fox News and others.

Obama should resign for the good of the country. Everything he has done should be repealed because no one had time to read any of his leftist bullshit before they passed it. He should go back to his home in Nigeria where they follow his big brother’s advice and they are all starving. He would be a big fish in that pond. Here he is considered a fool. There are over 500 web requests for Obama to resign out there now.
http://www.youtube.com/watch?v=GJRv9EVR_N0
http://www.freerepublic.com/focus/news/2261403/posts


Obama gives American wealth to his new leisure class. 51% of Americans do not share any pain of federal taxes. Obama’s leisure class supporters consist mainly of people who hate America, cheat on their taxes, pay no taxes and get tax refunds after filing and paying nothing in. And the California woman with two children all on welfare got free government fertility treatments so she could birth sextuplets and “earn” $1500 per baby per month on welfare. And she, a devote Moslem, did not even have Obamacare! That was the existing system that Obama says does not do enough for his leisure class, his followers.

Many people should not be in any of the equities markets (stocks, bonds, options, futures, gold etc) and are being slaughtered by volatility in all of them. Recent traders in futures and options have been destroyed by hedge funds selling short. Fools are being conned into buying gold at the highs when socialist America is following Japan into the leftist malaise Jimmy Carter invented based on economic stupidity and stagnation. Economic stupidity is recognized when leftists try to control development by raising the cost of production of things leftists don’t like such as energy, highways, wealth, and research into “the unknown”. Leftists are all “unibombers” at heart fighting the advance of science and technology.

Tyson Foods replaces Labor Day with a Muslim holiday. See:
http://www.snopes.com/politics/soapbox/outrage.asp


It is reported that TD Ameritrade is skimming profits from its customers. When people issue limit buy orders and watch the price begin to drop they discover the order is not immediately executed at the lower price. They try to cancel and replace the order at a the lower price and then the order goes through at the higher original price and TD Ameritrade apparently keeps the difference (not the investor). Theoretically TD Ameritrade could execute at the low price for the day and keep the difference if the customer does nothing. It happens on limit orders that are at a “not to exceed price”. But the more honest brokers tell you the price instantaneously (not delayed as long as possible). Schwab and Fidelity firms are observed to execute promptly so they are not even tempted to skim from the accounts of their fiduciary customers.

World Markets:
Aluminum bats, knives and other primitive weapons still dominated the "movers and shakers" list of hot-selling items in Britain as riots spread. The British are not even permitted to shoot criminals that break into their homes or set their families on fire. That is the socialist mind set that is afraid to arm citizens because that makes totalitarianism difficult to establish or maintain. But vigilante groups are forming as British citizens realize that political leftists are on the side of the socialist leisure class looters not the tax paying citizens. Both London and Manchester are now out of control with violent looting, arson and murder as people that have a work ethic have to defend themselves with pots and pans against knives, fire, and stones because the leftists took away the citizens right to bear arms needed to protect themselves. Three Moslem thugs were out harassing drivers late at night when they were run over and killed. The socialists claim it was murder but the driver got away. Now citizens in Britain wish they had guns so they can overthrow the leftists and their leisure class that considers rioting to be their only social skill. The British community should be defended from the rapacity and violence of the vicious and idle.


The US may not have a double dip recession but it certainly will be trimming consumption and expenses for the rest of this year. That should be felt by the emerging markets just as though the American economy had stopped.

We believe that for now we have seen the end of the panic that the hedge funds created shorting stocks worldwide. But now they 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 USSR KGB’s thug Putin is just a leftist clown calling Americans parasites. He represents the mindset of the rioters in Britain and Obama’s leisure class, Obama’s chosen people. The leftists thugs are like the national socialists in their NAZI type hatred of the Jewish people and in their support of Moslem nations that want to eradicate the Jews entirely.

American Economy-
This week
Productivity-Prel Q2 fell -0.3% from 1.8% the first quarter. bad
Unit Labor Costs Q2 rose 2.2% after rising only 0.7% the first quarter. bad
FOMC Rate Decision Aug 0.25% for the next two years per Bernacke. Just jawboning
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. Very good
Crude Inventories 08/06 fell -5.225M from 0.950M last month. Prices going up
Treasury Budget Jul -$129.4B less than last month -$165.0B. Great reduction in deficit spending

Today
Aug 11 8:30 AM Initial Claims 08/06
Aug 11 8:30 AM Continuing Claims 7/30
Aug 11 8:30 AM Trade Balance Jun
Aug 12 8:30 AM Retail Sales Jul - 1.0%
Aug 12 8:30 AM Retail Sales ex-auto Jul
Aug 12 9:55 AM Mich Sentiment Aug
Aug 12 10:00 AM Business Inventories Jun

Market Outlook August 11, 2011
The 1987 panic was 50% worse than we have just seen. The cause was a concerted attack of leftist democrats in congress on President Reagan because he had stopped communist expansion in Grenada, central and South America, and had the communists in Angola on the run. The crime the communist democrats accused Reagan of was giving the Ayatollah Khomeini, Holy Bibles who then gave Oliver North money to support the freedom fighters that defeated the communists insurgents. Col. Oliver North defended the operation that ended communist expansion in our hemisphere. The leftist mad fools of themselves as their kangaroo court made the leftists look as bad as Obama does today. Oliver North had to get funding from America’s enemy, Iran, because leftist democrats in Congress passed a law forbidding the American government from funding insurgents against communism. Read that history and you we see just how stupid American leftists like Obama and Congressional socialists can become if unchecked. Reagan was brilliant to use one enemy’s money to defeat a greater enemy.

The panic occurred because the leftists had paralyzed the government similar to the way the leftists have paralyzed both the government and private enterprise today. After five weeks of Greenspan jawboning in 1987 the market advanced and made up the losses in 18 months and then advanced for almost 18 more months. The current recovery could be twice as fast if it is like what happened after June of last year. The recent drop may have been the unwinding of all the complicated 3X type leveraged ETFs that had hardly moved before Wednesday. That is apparent because the higher tier stocks were more affected yesterday. We believe yesterday was the double bottom that happens quite often.

You can see the VIX confirmed the capitulation by failing to match or exceed the high on Tuesday.
http://finance.yahoo.com/q/bc?s=^VIX&t=1y&l=on&z=m&q=l&c=

May-June of 2010 was like this and we had a good rally after the panic then. 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=2y&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 America. Finally they are saying the American economy is not robust. 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 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 yesterday. China up 1.3%, Hong Kong down -1%, India down –0.4%, Seoul up 0.6%, and Japan down -0.6%.

European markets are down today by about +1% to -2.3% half way through their day.

American markets futures are up about 0.5% at 7:30 AM EST

It appears we passed the capitulation point of the current decline and quickly double bottomed. Still we expect little net gain this year and next year unless Obamacare for his leisure class is declared unconstitutional. Americans do not want USSR style Obamacare because it is just another Obama leftist lie. Socialist healthcare is far inferior to American healthcare and what is already killing Medicare is Obama’s leisure class getting entitlements to it. They already have 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 system. Obamacare is stupid and destructive as it would be 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 advancing human knowledge, freedom, compassion, and capabilities.