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.