Obama still has not presented Congress with a single written plan to incentivise job creation in the USA and to deincentivise other socialist run comp

Obama still has not presented Congress with a single written plan to incentivise job creation in the USA and to deincentivise other socialist run companies like GE from taking jobs to socialist countries. Obama likes to talk a lot but the only written proposals are what are known as OBAMACRAP that not even the democrats are willing to read.

This week Obama said he would provide Congress with a plan to pay for what he is spending provided it does not cost money until after he is gone.


World markets
China seems to be supporting their stock market recently to prevent high volatility.

Greece is now a third world nation and could be booted out of the EU.

The German market has become the weakest in recent weeks as they have underwritten much of the socialist debtor EU nations. Germany could swing very conservative if Greece and other socialist union controlled countries do not hunker down quickly.

Check your prospectus and avoid investment advisors who select funds with EU and other third world debt.


World markets are revisiting their lows and in some cases they set double bottoms. China tests last year’s low. http://finance.yahoo.com/echarts?s=000001.SS+Interactive#chart1:symbol=000001.ss;range=5y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined

Germany resumes decline because they underwrite Greece.
http://finance.yahoo.com/echarts?s=^GDAXI+Interactive#chart1:symbol=^gdaxi;range=2y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined

The Swiss government and central bank has a target for the Swiss franc to halt its. http://finance.yahoo.com/echarts?s=^SSMI+Interactive#chart2:symbol=^ssmi;range=2y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined

Emerging markets show some resiliency.
http://finance.yahoo.com/echarts?s=^BVSP+Interactive#chart1:symbol=^bvsp;range=2y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined


American Economy-
Last week
MBA Mortgage Index 09/03 -4.9% up considerably from last month’s -9.6%
Initial Claims 09/03 increased to 414K from 409K reported last week
Consumer Credit Jul rose to $12.0B from $11.3B last month
Sep 9 Wholesale Inventories Jul up 0.8% from being up 0.6% in June going from bad to worse.

This Week
Sep 13 8:30 AM Export Prices ex-ag. Aug
Sep 13 8:30 AM Import Prices ex-oil Aug
Sep 13 2:00 PM Treasury Budget Aug

Sep 14 7:00 AM MBA Mortgage Index
Sep 14 7:00 AM MBA Mortgage Purchase Index 09/10
Sep 14 8:30 AM PPI Aug
Sep 14 8:30 AM Core PPI Aug
Sep 14 8:30 AM Retail Sales Aug
Sep 14 8:30 AM Retail Sales ex-auto Aug
Sep 14 10:00 AM Business Inventories Jul
Sep 14 10:30 AM Crude Inventories 09/10

Sep 15 8:30 AM Initial Claims 09/10
Sep 15 8:30 AM Continuing Claims 09/03
Sep 15 8:30 AM CPI Aug
Sep 15 8:30 AM Core CPI Aug
Sep 15 8:30 AM Empire Manufacturing Sep
Sep 15 8:30 AM Current Account Balance Q2
Sep 15 9:15 AM Industrial Production Aug
Sep 15 9:15 AM Capacity Utilization Aug
Sep 15 10:00 AM Philadelphia Fed Sep

Sep 16 9:00 AM Net long-term TIC Flows Jul
Sep 16 9:55 AM Mich Sentiment

Market Outlook September 12 2011
Obama put a cloud over the markets by talking to his teleprompter and putting nothing in writing. Obama had MSNBC socialists and verbal bomb throwing terrorists labeling everyone running against him idiots and wingnuts so that Obama can fit in better. We expect Europe to calm down if Greece bites the bullet now or is decisively ejected from the EU.

The potential damage Obama gangster socialism can inflict on the world is still unlimited at this point. There is no place for exceptionalism to hide once Obama makes America just another gangster socialist state where exceptional people go to jail until they finally give up and confess to crimes against the state. But the world is waking up to Wingnut Barking Socialism that precedes the gangster socialism that Russia has. There will be dancing in the streets of America and around the world if the Senate socialists are thrown out along with Barking Obama in 2012.

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 of up to at least 50% of the total August decline. See:
http://finance.yahoo.com/q/ta?s=^NYA&t=1y&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 now barks and at the increasing numbers of disappointed voters. But could the bulk shipments finally be getting ready to break out? See 1yr chart at:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND

Stock market update:
Asian Stocks were down last night. China closed, Hong Kong down -4.2%, India down –2.2%, and Japan down –2.3%.
On Friday after the Obama speech German stocks fell 4% and the French market fell 3.6%.
European markets are down today –2.2 TO –4.5% half way through their day.
.
American markets futures are down about -1.6% at 7:30 AM EST

Corporations have over $500 billion in cash to invest and it does not look like they will invest in jobs as long as Obamacrap socialized medicine and new Obamacrap taxes loom. Corporate cash hoards will provide needed liquidity as Obama gangsters disrupt banking. Obama is just stupid enough to destroy the cash position with his harassment tactics. That would certainly result in a world depression. Never underestimate Obama’s stupidity. That is why we say this is not the time for investors who worry a lot and could get ulcers.

Corporate cash can also be used to buy corporate stock or to fund mergers. Remember if the money multiplier effect is 20:1(the new invested money effectively 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