Obama’s stimulation package is working well stimulating political campaign contributions from the liberals Obama helped put at the head of his solutions for American energy.
World markets
France and Germany now agree Greece should have never been admitted to the EU but will attempt to help Greece adjust away from socialism and become more competitive.
American Economy
Yesterday we said “The end of the EU crisis means there is a good chance American growth will rise to between 2% and 2.5% this year.” Later it was announced that total output grew at an estimated annual rate of 2.5 percent from July to September, almost double the 1.3 percent rate in the second quarter. That definitely is no double dip so we are flat because our growth is almost entirely just the effect of inflation.
If we can purge all the corrupt socialist Indians who have infiltrated the American economy and industry and are now illegally manipulating world financial markets from inside the USA and who are donating (along with the communist Chinese) to the campaigns of American corrupt moron liberals… then we can get our economy back in hands of Americans who think rationally.
If American oil can stabilize around $95 a barrel US profits will rise and natural gas can grow and be profitable and keep energy inflation from damaging the economy the way moron liberals have been killing jobs in America with non profitable socialist ideas. Inflating energy costs is the most stupid of all Obama policies.
Week’s Summary
Case-Shiller 20-city Index Aug -3.80% not much better than last months -4.11%
Consumer Confidence Oct 39.8 terrible down from 45.4 due to Obama. Americans now agree Obama is a moron liberal and are depressed by all the corruption.
FHFA Housing Price Index Aug -0.1% worse than last months 0.8% improvement but could be data scatter
MBA Mortgage Index 10/22 improved to 4.9% from -14.9% very good
Durable Orders Sep -0.8% worse due to lower car sales from -0.1% auto industry socialism does not work
Durable Orders -ex Transportation Sep 1.7% -0.1% was just a little worse 0.0% not terrible
New Home Sales Sep 313K improved 6% from 295K very good
Crude Inventories 10/22 4.735M a good glut of oil compared to last week’s -4.729M very good for homeowners
Yesterday
Initial Claims 10/22 402K down from 403K still not good enough
Continuing Claims 10/15 3645K down from 3719K
GDP-Adv. Q3 2.5% double the last quarter’s 1.3%
GDP Deflator Q3 2.5% same 2.5% means the GDP advance was entirely inflation, still not good enough
Pending Home Sales Sep -4.6% down from -1.2% is a seasonal slowdown
This Week
Oct 28 8:30 AM Personal Income Sep
Oct 28 8:30 AM Personal Spending Sep
Oct 28 8:30 AM PCE Prices - Core Sep
Oct 28 8:30 AM Employment Cost Index Q3
Oct 28 9:55 AM Michigan Sentiment - Final
Market Outlook October 28 2011
A 90% price recovery relative to the 2011 market high is now possible within two to three months. Volume increased 50% on the rally yesterday.
The NYSE is already 54% of the way back to its July, 22,2011 level. That meets our prediction that, “We still expect a normal advance of at least 50% of the total recent decline and possibly as much as 90% recovery.”
See:
http://finance.yahoo.com/echarts?s=^NYA+Interactive#chart3:symbol=^nya;range=5y;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
The market broke the 200dma and triggered a buy signal and surge as anticipated.
But Obama still is preventing Congress from cutting government waste. The way American industry has been able to survive has been to cut waste and not reward incompetence and laziness. Government needs to cut government pensions and health benefits and require government employees live on Social Security and the same health plans as other Americans. Starting in April, the banks began net loaning of money to small corporations. Since September, international trade may have flattened. We need to watch trade to see if the recovery takes hold again. See 1yr chart. You may need to cut and paste this in:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stocks were up last night. China up 1.6%, Hong Kong up 1.6%, India up 3%, Taiwan up 0.8% and Japan up 1.4%.
European markets are down today in a range +0.2% to -1.1 % half way through their day.
American market futures are down about –0.6% at 7 AM EST. We predict a great day today.
Friday, October 28, 2011
Thursday, October 27, 2011
The stock market is poised to surge today as anticipated.
The stock market is poised to surge today
Look at how much better China does just cracking open the door to free enterprise. But sadly they have a high wall in front of them. They only know how to steal and copy western technology like Japan did when Japanese tyranny ended after WWII. American type free enterprise only comes once in several thousand years so enjoy it before Obama and his moron socialists destroy everything America stands for.
Liberals don’t realize there will be no redistribution of wealth if they burn free enterprise down to keep warm.
The Jimmy Carter "misery index," an informal measure derived by adding the national unemployment rate to the year-over-year change in consumer prices. It rose to 13 in September. The index hit 18 during President Jimmy Carter's last term in the 1980s.
Corrupt GE/Pravda made MSNBC the propaganda machine for corruption, i.e. Liberals. Now obviously Comcast is another corrupt corporation because it took over MSNBC and continues the same GE socialist crony politics and lies that undermine free enterprise and American citizen rights to the fruits of their labor.
World markets
Greece's debts are on track to top 180 percent of economic output. Private investors agreed Thursday morning to accept losses of 50 percent on their Greek bonds. They also need agreement on boosting the bailout fund to $1.4 trillion to protect larger economies like Italy and Spain from the pressures that pushed Greece to need a rescue. Merkel said the aim must be a solution that allows Greece to cut its debt load to 120 percent of gross domestic product by 2020. If the world can shed a few more moron liberals it may even be possible for Japan and Greece to work off their national debts that now exceed 100% of their GDP.
Greece went from being the first people in the world to use their rational minds to becoming a nation of morons who need the rest of the world to help them wipe their asses in the nursing home of lost empires.
American Economy
The end of the EU crisis means there is a good chance American growth will rise to between 2% and 2.5% this year. If we can purge all the corrupt Indians who have infiltrated the American economy and industry and are now illegally manipulating world financial markets from inside the USA and who are donating (along with the communist Chinese) to the campaigns of American liberals… then we can get our economy back in hands of Americans who think rationally.
Maybe we can even get the majority of American women weaned from liberalism and MSNBC/Pravda. Maybe American returning military men can go to the colleges and universities and throw out the corrupt liberal professors who give automatic “F” grades to people who read Ayn Rand and dare to say they agree with a lot of her ideas. She was not perfect as Nathaniel Brandon found out because she did not understand human compassion. But she gets at least 90% which compares with about –20% for liberal university professors.
If American oil can stay around $95 a barrel US profits will rise and natural gas can grow and be profitable and keep energy inflation from damaging the economy the way moron liberals have been killing jobs in America. Inflating energy costs is the most foolish of all Obama policies. Notice Obama has never said we have to keep our energy costs down.
Week’s Summary
Case-Shiller 20-city Index Aug -3.80% not much better than last months -4.11%
Consumer Confidence Oct 39.8 terrible down from 45.4 due to Obama. Americans now agree Obama is a moron liberal and are depressed by all the corruption.
FHFA Housing Price Index Aug -0.1% worse than last months 0.8% improvement but could be data scatter
Yesterday
MBA Mortgage Index 10/22 improved to 4.9% from -14.9% very good
Durable Orders Sep -0.8% worse due to lower car sales from -0.1% auto industry socialism does not work
Durable Orders -ex Transportation Sep 1.7% -0.1% was just a little worse 0.0% not terrible
New Home Sales Sep 313K improved 6% from 295K very good
Crude Inventories 10/22 4.735M a good glut of oil compared to last week’s -4.729M very good for homeowners
This Week
Oct 27 8:30 AM Initial Claims 10/22
Oct 27 8:30 AM Continuing Claims 10/15
Oct 27 8:30 AM GDP-Adv. Q3
Oct 27 8:30 AM GDP Deflator Q3
Oct 27 10:00 AM Pending Home Sales Aug
Oct 28 8:30 AM Personal Income Sep
Oct 28 8:30 AM Personal Spending Sep
Oct 28 8:30 AM PCE Prices - Core Sep
Oct 28 8:30 AM Employment Cost Index Q3
Oct 28 9:55 AM Michigan Sentiment - Final
Market Outlook October 27 2011
A 90% price recovery relative to the 2011 market high is now possible within two to three months.
The NYSE is already 50% of the way back to its July, 22,2011 level. That meets our prediction that, “We still expect a normal advance of at least 50% of the total recent decline and possibly as much as 90% recovery.”
We now are looking at a 200 DayMovingAverage to see if there is a chance the bull market will come back the way it came back last fall. All we need is for the market to rise 1.5% to reach the 200dma and then to penetrate it for a day. When it stays above the 200dma through the close it will trigger a buy signal and surge. That could happen today.
There may even be a week of price surges that are too volatile before the market calms down to smaller incremental advances. Therefore set your targets reasonably high and get out when they are exceeded and do not be greedy. Instead, make sure you have researched stocks that are only just starting to wake up. Sell stocks that overshoot and buy the good stocks that are only beginning to catch the bull market fever. I like to sell just above prices where my stock gapped down during the decline because nobody bought stock at those prices so nobody (relatively speaking) will be unloading a lot of stock at those prices. In other words sell just below resistance levels and get into stocks that are ready to run up.
See:
http://finance.yahoo.com/echarts?s=^NYA+Interactive#chart3:symbol=^nya;range=5y;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
America has not had a double dip recession and will start to improve if the EU settles down and China begins to move, as it likely will. But Obama still is preventing Congress from cutting government waste. The way American industry has been able to survive has been to cut waste and not reward incompetence and laziness. Government needs to cut government pensions and health benefits and require government employees live on Social Security and the same health plans as other Americans. Starting in April, the banks began net loaning of money to small corporations. Since September, international trade now has flattened. But now we need to watch trade to see if the recovery takes hold again. See 1yr chart. You may need to cut and paste this in:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stocks were up solidly last night. China up 0.3%, Hong Kong up 3.3%, India closed, Taiwan up 0.4% and Japan up 2%.
European markets are up today in a range +2% to +5.4 % half way through their day.
American market futures are up about 2% at 8 AM EST. We predict a great day today.
Look at how much better China does just cracking open the door to free enterprise. But sadly they have a high wall in front of them. They only know how to steal and copy western technology like Japan did when Japanese tyranny ended after WWII. American type free enterprise only comes once in several thousand years so enjoy it before Obama and his moron socialists destroy everything America stands for.
Liberals don’t realize there will be no redistribution of wealth if they burn free enterprise down to keep warm.
The Jimmy Carter "misery index," an informal measure derived by adding the national unemployment rate to the year-over-year change in consumer prices. It rose to 13 in September. The index hit 18 during President Jimmy Carter's last term in the 1980s.
Corrupt GE/Pravda made MSNBC the propaganda machine for corruption, i.e. Liberals. Now obviously Comcast is another corrupt corporation because it took over MSNBC and continues the same GE socialist crony politics and lies that undermine free enterprise and American citizen rights to the fruits of their labor.
World markets
Greece's debts are on track to top 180 percent of economic output. Private investors agreed Thursday morning to accept losses of 50 percent on their Greek bonds. They also need agreement on boosting the bailout fund to $1.4 trillion to protect larger economies like Italy and Spain from the pressures that pushed Greece to need a rescue. Merkel said the aim must be a solution that allows Greece to cut its debt load to 120 percent of gross domestic product by 2020. If the world can shed a few more moron liberals it may even be possible for Japan and Greece to work off their national debts that now exceed 100% of their GDP.
Greece went from being the first people in the world to use their rational minds to becoming a nation of morons who need the rest of the world to help them wipe their asses in the nursing home of lost empires.
American Economy
The end of the EU crisis means there is a good chance American growth will rise to between 2% and 2.5% this year. If we can purge all the corrupt Indians who have infiltrated the American economy and industry and are now illegally manipulating world financial markets from inside the USA and who are donating (along with the communist Chinese) to the campaigns of American liberals… then we can get our economy back in hands of Americans who think rationally.
Maybe we can even get the majority of American women weaned from liberalism and MSNBC/Pravda. Maybe American returning military men can go to the colleges and universities and throw out the corrupt liberal professors who give automatic “F” grades to people who read Ayn Rand and dare to say they agree with a lot of her ideas. She was not perfect as Nathaniel Brandon found out because she did not understand human compassion. But she gets at least 90% which compares with about –20% for liberal university professors.
If American oil can stay around $95 a barrel US profits will rise and natural gas can grow and be profitable and keep energy inflation from damaging the economy the way moron liberals have been killing jobs in America. Inflating energy costs is the most foolish of all Obama policies. Notice Obama has never said we have to keep our energy costs down.
Week’s Summary
Case-Shiller 20-city Index Aug -3.80% not much better than last months -4.11%
Consumer Confidence Oct 39.8 terrible down from 45.4 due to Obama. Americans now agree Obama is a moron liberal and are depressed by all the corruption.
FHFA Housing Price Index Aug -0.1% worse than last months 0.8% improvement but could be data scatter
Yesterday
MBA Mortgage Index 10/22 improved to 4.9% from -14.9% very good
Durable Orders Sep -0.8% worse due to lower car sales from -0.1% auto industry socialism does not work
Durable Orders -ex Transportation Sep 1.7% -0.1% was just a little worse 0.0% not terrible
New Home Sales Sep 313K improved 6% from 295K very good
Crude Inventories 10/22 4.735M a good glut of oil compared to last week’s -4.729M very good for homeowners
This Week
Oct 27 8:30 AM Initial Claims 10/22
Oct 27 8:30 AM Continuing Claims 10/15
Oct 27 8:30 AM GDP-Adv. Q3
Oct 27 8:30 AM GDP Deflator Q3
Oct 27 10:00 AM Pending Home Sales Aug
Oct 28 8:30 AM Personal Income Sep
Oct 28 8:30 AM Personal Spending Sep
Oct 28 8:30 AM PCE Prices - Core Sep
Oct 28 8:30 AM Employment Cost Index Q3
Oct 28 9:55 AM Michigan Sentiment - Final
Market Outlook October 27 2011
A 90% price recovery relative to the 2011 market high is now possible within two to three months.
The NYSE is already 50% of the way back to its July, 22,2011 level. That meets our prediction that, “We still expect a normal advance of at least 50% of the total recent decline and possibly as much as 90% recovery.”
We now are looking at a 200 DayMovingAverage to see if there is a chance the bull market will come back the way it came back last fall. All we need is for the market to rise 1.5% to reach the 200dma and then to penetrate it for a day. When it stays above the 200dma through the close it will trigger a buy signal and surge. That could happen today.
There may even be a week of price surges that are too volatile before the market calms down to smaller incremental advances. Therefore set your targets reasonably high and get out when they are exceeded and do not be greedy. Instead, make sure you have researched stocks that are only just starting to wake up. Sell stocks that overshoot and buy the good stocks that are only beginning to catch the bull market fever. I like to sell just above prices where my stock gapped down during the decline because nobody bought stock at those prices so nobody (relatively speaking) will be unloading a lot of stock at those prices. In other words sell just below resistance levels and get into stocks that are ready to run up.
See:
http://finance.yahoo.com/echarts?s=^NYA+Interactive#chart3:symbol=^nya;range=5y;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
America has not had a double dip recession and will start to improve if the EU settles down and China begins to move, as it likely will. But Obama still is preventing Congress from cutting government waste. The way American industry has been able to survive has been to cut waste and not reward incompetence and laziness. Government needs to cut government pensions and health benefits and require government employees live on Social Security and the same health plans as other Americans. Starting in April, the banks began net loaning of money to small corporations. Since September, international trade now has flattened. But now we need to watch trade to see if the recovery takes hold again. See 1yr chart. You may need to cut and paste this in:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stocks were up solidly last night. China up 0.3%, Hong Kong up 3.3%, India closed, Taiwan up 0.4% and Japan up 2%.
European markets are up today in a range +2% to +5.4 % half way through their day.
American market futures are up about 2% at 8 AM EST. We predict a great day today.
Wednesday, October 26, 2011
American type free enterprise only comes once in several thousand years so enjoy it before Obama and his socialists destroy the Constitution
American type free enterprise only comes once in several thousand years so enjoy it before Obama and his socialists destroy everything America stands for.
Liberals don’t realize there will be no redistribution of wealth if they burn free enterprise down to keep warm.
The Jimmy Carter "misery index," an informal measure derived by adding the national unemployment rate to the year-over-year change in consumer prices. It rose to 13 in September. The index hit 18 during President Jimmy Carter's last term in the 1980s.
Corrupt GE/Pravda made MSNBC the propaganda machine for corruption, i.e. Liberals. Now obviously Comcast is another corrupt corporation because it took over MSNBC and continues the same GE socialist crony politics and lies that undermine free enterprise and American citizen rights to the fruits of their labor.
World markets
European Union liberal ladies meet again today to resolve the Greek sovereign debt crisis without triggering a default, beef up the Euro bailout fund, and shield banks from the fallout. They hope that corrupt millionaire Obama can be enticed to save Europe. Europe wants a redistribution of American wealth and can’t understand why millionaire Obama has not yet made Americans foot Europe’s bill.
American Economy
Last Week’s Summary
The prognosis is that the housing sector is now recovering and could gap upward in valuation any time now.
Empire Manufacturing Oct improved slightly to -8.48 from -8.82 better but not good
Industrial Production Sep same at 0.2% good
Capacity Utilization Sep same at 77.4% good
Core PPI Sep 0.2% vs 0.1% last month or a 1.2% low inflation rate. Very good!
Net long-term TIC Flows Aug $57.9B vs $9.5B means lots of investment money is flowing in from other countries. Very very good!
NAHB Housing Market Index Oct was 18 vs 14 last month means continues to pick up. Very good!
Core CPI Sep 0.1% vs 0.2% last month
Yesterday
Case-Shiller 20-city Index Aug -3.80% not much better than last months -4.11%
Consumer Confidence Oct 39.8 terrible down from 45.4 due to Obama
FHFA Housing Price Index Aug -0.1% worse than last months 0.8% improvement
This Week
Oct 26 7:00 AM MBA Mortgage Index 10/22
Oct 26 8:30 AM Durable Orders Sep-
Oct 26 8:30 AM Durable Orders -ex Transportation Sep
Oct 26 10:00 AM New Home Sales Sep
Oct 26 10:30 AM Crude Inventories 10/22
Oct 27 8:30 AM Initial Claims 10/22
Oct 27 8:30 AM Continuing Claims 10/15
Oct 27 8:30 AM GDP-Adv. Q3
Oct 27 8:30 AM GDP Deflator Q3
Oct 27 10:00 AM Pending Home Sales Aug
Oct 28 8:30 AM Personal Income Sep
Oct 28 8:30 AM Personal Spending Sep
Oct 28 8:30 AM PCE Prices - Core Sep
Oct 28 8:30 AM Employment Cost Index Q3
Oct 28 9:55 AM Michigan Sentiment - Final
Market Outlook October 26 2011
The NYSE is already 50% of the way back to its July, 22,2011 level. That meets our prediction that, “We still expect a normal advance of at least 50% of the total recent decline and possibly as much as 90% recovery.” We now are looking at a 200DMA to see if there is a chance the bull market will come back the way it came back last fall.
See:
http://finance.yahoo.com/echarts?s=^NYA+Interactive#chart3:symbol=^nya;range=5y;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
America has not had a double dip recession yet, but Obama still is preventing Congress from cutting government waste. The way American industry has been able to survive has been to cut waste and not reward incompetence and laziness. Government needs to cut government pensions and health benefits and require they live on Social Security and the same health plans as other Americans. Starting in April, the banks began net loaning of money to small corporations. Since September, international trade now has flattened. See 1yr chart. You may need to cut and paste this in:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stocks were mixed up again last night and did not follow America down. China up 0.7%, Hong Kong up 0.5%, India up 0.2%, Taiwan up 0.6% and Japan down -0.2%.
European markets are mixed today in a range 0% to +1.2% half way through their day.
American market futures are up about 0.6% at 9 AM EST. US market futures rarely have any predictive correlation.
Liberals don’t realize there will be no redistribution of wealth if they burn free enterprise down to keep warm.
The Jimmy Carter "misery index," an informal measure derived by adding the national unemployment rate to the year-over-year change in consumer prices. It rose to 13 in September. The index hit 18 during President Jimmy Carter's last term in the 1980s.
Corrupt GE/Pravda made MSNBC the propaganda machine for corruption, i.e. Liberals. Now obviously Comcast is another corrupt corporation because it took over MSNBC and continues the same GE socialist crony politics and lies that undermine free enterprise and American citizen rights to the fruits of their labor.
World markets
European Union liberal ladies meet again today to resolve the Greek sovereign debt crisis without triggering a default, beef up the Euro bailout fund, and shield banks from the fallout. They hope that corrupt millionaire Obama can be enticed to save Europe. Europe wants a redistribution of American wealth and can’t understand why millionaire Obama has not yet made Americans foot Europe’s bill.
American Economy
Last Week’s Summary
The prognosis is that the housing sector is now recovering and could gap upward in valuation any time now.
Empire Manufacturing Oct improved slightly to -8.48 from -8.82 better but not good
Industrial Production Sep same at 0.2% good
Capacity Utilization Sep same at 77.4% good
Core PPI Sep 0.2% vs 0.1% last month or a 1.2% low inflation rate. Very good!
Net long-term TIC Flows Aug $57.9B vs $9.5B means lots of investment money is flowing in from other countries. Very very good!
NAHB Housing Market Index Oct was 18 vs 14 last month means continues to pick up. Very good!
Core CPI Sep 0.1% vs 0.2% last month
Yesterday
Case-Shiller 20-city Index Aug -3.80% not much better than last months -4.11%
Consumer Confidence Oct 39.8 terrible down from 45.4 due to Obama
FHFA Housing Price Index Aug -0.1% worse than last months 0.8% improvement
This Week
Oct 26 7:00 AM MBA Mortgage Index 10/22
Oct 26 8:30 AM Durable Orders Sep-
Oct 26 8:30 AM Durable Orders -ex Transportation Sep
Oct 26 10:00 AM New Home Sales Sep
Oct 26 10:30 AM Crude Inventories 10/22
Oct 27 8:30 AM Initial Claims 10/22
Oct 27 8:30 AM Continuing Claims 10/15
Oct 27 8:30 AM GDP-Adv. Q3
Oct 27 8:30 AM GDP Deflator Q3
Oct 27 10:00 AM Pending Home Sales Aug
Oct 28 8:30 AM Personal Income Sep
Oct 28 8:30 AM Personal Spending Sep
Oct 28 8:30 AM PCE Prices - Core Sep
Oct 28 8:30 AM Employment Cost Index Q3
Oct 28 9:55 AM Michigan Sentiment - Final
Market Outlook October 26 2011
The NYSE is already 50% of the way back to its July, 22,2011 level. That meets our prediction that, “We still expect a normal advance of at least 50% of the total recent decline and possibly as much as 90% recovery.” We now are looking at a 200DMA to see if there is a chance the bull market will come back the way it came back last fall.
See:
http://finance.yahoo.com/echarts?s=^NYA+Interactive#chart3:symbol=^nya;range=5y;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
America has not had a double dip recession yet, but Obama still is preventing Congress from cutting government waste. The way American industry has been able to survive has been to cut waste and not reward incompetence and laziness. Government needs to cut government pensions and health benefits and require they live on Social Security and the same health plans as other Americans. Starting in April, the banks began net loaning of money to small corporations. Since September, international trade now has flattened. See 1yr chart. You may need to cut and paste this in:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stocks were mixed up again last night and did not follow America down. China up 0.7%, Hong Kong up 0.5%, India up 0.2%, Taiwan up 0.6% and Japan down -0.2%.
European markets are mixed today in a range 0% to +1.2% half way through their day.
American market futures are up about 0.6% at 9 AM EST. US market futures rarely have any predictive correlation.
Tuesday, October 25, 2011
American type free enterprise comes once in several thousand years so enjoy it before Obama and his socialists destroy everything America stands for.
Corrupt GE/Pravda made MSNBC the propaganda machine for corruption, i.e. Liberals. Now obviously Comcast is another corrupt corporation because it took over MSNBC and continues the same GE socialist crony politics and lies that undermine free enterprise and American citizen rights to the fruits of their labor.
World markets
The German stock market is now up 21% from its low for this year. But the chart is not too good.
http://finance.yahoo.com/echarts?s=%5EGDAXI+Interactive#chart4:symbol=^gdaxi;range=5y;indicator=ema(200)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
American Economy
Last Week’s Summary
The prognosis is that the housing sector is now recovering and could gap upward in valuation any time now.
Empire Manufacturing Oct improved slightly to -8.48 from -8.82 better but not good
Industrial Production Sep same at 0.2% good
Capacity Utilization Sep same at 77.4% good
Core PPI Sep 0.2% vs 0.1% last month or a 1.2% low inflation rate. Very good!
Net long-term TIC Flows Aug $57.9B vs $9.5B means lots of investment money is flowing in from other countries. Very very good!
NAHB Housing Market Index Oct was 18 vs 14 last month means continues to pick up. Very good!
Core CPI Sep 0.1% vs 0.2% last month
This Week
Oct 25 9:00 AM Case-Shiller 20-city Index Aug
Oct 25 10:00 AM Consumer Confidence Oct
Oct 25 10:00 AM FHFA Housing Price Index Aug
Oct 26 7:00 AM MBA Mortgage Index 10/22
Oct 26 8:30 AM Durable Orders Sep-
Oct 26 8:30 AM Durable Orders -ex Transportation Sep
Oct 26 10:00 AM New Home Sales Sep
Oct 26 10:30 AM Crude Inventories 10/22
Oct 27 8:30 AM Initial Claims 10/22
Oct 27 8:30 AM Continuing Claims 10/15
Oct 27 8:30 AM GDP-Adv. Q3
Oct 27 8:30 AM GDP Deflator Q3
Oct 27 10:00 AM Pending Home Sales Aug
Oct 28 8:30 AM Personal Income Sep
Oct 28 8:30 AM Personal Spending Sep
Oct 28 8:30 AM PCE Prices - Core Sep
Oct 28 8:30 AM Employment Cost Index Q3
Oct 28 9:55 AM Michigan Sentiment - Final
Market Outlook October 25 2011
The corrupt millionaire, Obama, has been on the road for two months now in his armored busses campaigning at the expense of American taxpayers. This week he will be doing the same but this week he will call it campaigning and his $billion campaign slush fund will pick up the tab. The desire to spend $1Billion on a presidential campaign is sick, sick, sick, something Robert Mugabe would do.
The NYSE is up 15% now from its low, which is already 50% of the way back to its July, 22,2011 level. That meets our prediction that, “We still expect a normal advance of at least 50% of the total recent decline and possibly as much as 90% recovery.” We now are looking at a 200DMA to see if there is a chance the bull market will come back the way it came back last fall.
See:
http://finance.yahoo.com/echarts?s=^NYA+Interactive#chart3:symbol=^nya;range=5y;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
http://en.wikipedia.org/wiki/Hyperinflation_in_Zimbabwe
America has not had a double dip recession. Starting in April, the banks began net loaning of money to small corporations. Since August, international trade continued to recover. See 1yr chart. You may need to cut and paste this in:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stocks were mixed up last night. China up 1.7%, Hong Kong up 1.1%, India up 1.9%, and Japan down -0.9%.
European markets are mixed today in a range -0.5% to +1.5% half way through their day.
American market futures are flat about -0.2% at 8 AM EST. US market futures rarely have any predictive correlation.
World markets
The German stock market is now up 21% from its low for this year. But the chart is not too good.
http://finance.yahoo.com/echarts?s=%5EGDAXI+Interactive#chart4:symbol=^gdaxi;range=5y;indicator=ema(200)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
American Economy
Last Week’s Summary
The prognosis is that the housing sector is now recovering and could gap upward in valuation any time now.
Empire Manufacturing Oct improved slightly to -8.48 from -8.82 better but not good
Industrial Production Sep same at 0.2% good
Capacity Utilization Sep same at 77.4% good
Core PPI Sep 0.2% vs 0.1% last month or a 1.2% low inflation rate. Very good!
Net long-term TIC Flows Aug $57.9B vs $9.5B means lots of investment money is flowing in from other countries. Very very good!
NAHB Housing Market Index Oct was 18 vs 14 last month means continues to pick up. Very good!
Core CPI Sep 0.1% vs 0.2% last month
This Week
Oct 25 9:00 AM Case-Shiller 20-city Index Aug
Oct 25 10:00 AM Consumer Confidence Oct
Oct 25 10:00 AM FHFA Housing Price Index Aug
Oct 26 7:00 AM MBA Mortgage Index 10/22
Oct 26 8:30 AM Durable Orders Sep-
Oct 26 8:30 AM Durable Orders -ex Transportation Sep
Oct 26 10:00 AM New Home Sales Sep
Oct 26 10:30 AM Crude Inventories 10/22
Oct 27 8:30 AM Initial Claims 10/22
Oct 27 8:30 AM Continuing Claims 10/15
Oct 27 8:30 AM GDP-Adv. Q3
Oct 27 8:30 AM GDP Deflator Q3
Oct 27 10:00 AM Pending Home Sales Aug
Oct 28 8:30 AM Personal Income Sep
Oct 28 8:30 AM Personal Spending Sep
Oct 28 8:30 AM PCE Prices - Core Sep
Oct 28 8:30 AM Employment Cost Index Q3
Oct 28 9:55 AM Michigan Sentiment - Final
Market Outlook October 25 2011
The corrupt millionaire, Obama, has been on the road for two months now in his armored busses campaigning at the expense of American taxpayers. This week he will be doing the same but this week he will call it campaigning and his $billion campaign slush fund will pick up the tab. The desire to spend $1Billion on a presidential campaign is sick, sick, sick, something Robert Mugabe would do.
The NYSE is up 15% now from its low, which is already 50% of the way back to its July, 22,2011 level. That meets our prediction that, “We still expect a normal advance of at least 50% of the total recent decline and possibly as much as 90% recovery.” We now are looking at a 200DMA to see if there is a chance the bull market will come back the way it came back last fall.
See:
http://finance.yahoo.com/echarts?s=^NYA+Interactive#chart3:symbol=^nya;range=5y;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
http://en.wikipedia.org/wiki/Hyperinflation_in_Zimbabwe
America has not had a double dip recession. Starting in April, the banks began net loaning of money to small corporations. Since August, international trade continued to recover. See 1yr chart. You may need to cut and paste this in:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stocks were mixed up last night. China up 1.7%, Hong Kong up 1.1%, India up 1.9%, and Japan down -0.9%.
European markets are mixed today in a range -0.5% to +1.5% half way through their day.
American market futures are flat about -0.2% at 8 AM EST. US market futures rarely have any predictive correlation.
Monday, October 24, 2011
Across the free world, pluralities of women vote for the more socialist candidates and pluralities of men vote for the candidates who advocate freedom
Time is running out for Europe. It is clear that there will be no EU resolution other than giving Greece the boot. Four opportunities to get Greece to balance their budget is one too many. France and Germany now want to spread their contagion to the world. Socialism is destroying the EU and the only solution that will work is to eject socialist run governments that choose to have downward redistribution of wealth, which is another way to say they are choosing the upward redistribution of poverty.
Give Greece the boot and get it over with. Then boot out any other members that do not get off their fat butts and root out their political corruption that is the source of the concept of “redistribution of wealth”. “Redistribution of wealth” is the song of every corrupt political machine. The end of corruption is always the overthrow of the government by tyrants followed by the overthrow of that tyranny with greater tyranny. American free enterprise only comes once in several thousand years so enjoy it before Obama and his democrat socialists in America abandon everything America stands for.
The Jimmy Carter "misery index," an informal measure derived by adding the national unemployment rate to the year-over-year change in consumer prices. It rose to 13 in September. The index hit 18 during President Jimmy Carter's last term in the 1980s.
Corrupt GE/Pravda made MSNBC the propaganda machine for corruption, i.e. Liberals. Now obviously Comcast is another corrupt corporation because it took over MSNBC and continues the same GE socialist crony politics and lies that undermine free enterprise and American citizen rights to the fruits of their labor.
World markets
European Union ladies met in Brussels this weekend and kicked the can down the road, seeking a miracle in efforts to resolve the Greek sovereign debt crisis without triggering a default, beef up the Euro bailout fund, shield banks from the fallout and ensure Italy and Spain don’t succumb to the contagion. They will hold a second summit on Oct. 26 to kick the can again. Their hope is that millionaire Obama can we enticed to save Europe now that he said he has saved Iraq and defeated all the enemies of the USA. Europe wants a redistribution of American wealth and can’t understand why millionaire Obama has not yet made Americans foot Europe’s bill.
American Economy
Week summary
The prognosis is that the housing sector is now recovering and could gap upward in valuation any time now.
Empire Manufacturing Oct improved slightly to -8.48 from -8.82 better but not good
Industrial Production Sep same at 0.2% good
Capacity Utilization Sep same at 77.4% good
Core PPI Sep 0.2% vs 0.1% last month or a 1.2% low inflation rate. Very good!
Net long-term TIC Flows Aug $57.9B vs $9.5B means lots of investment money is flowing in from other countries. Very very good!
NAHB Housing Market Index Oct was 18 vs 14 last month means continues to pick up. Very good!
Core CPI Sep 0.1% vs 0.2% last month
This Week
Oct 25 9:00 AM Case-Shiller 20-city Index Aug
Oct 25 10:00 AM Consumer Confidence Oct
Oct 25 10:00 AM FHFA Housing Price Index Aug
Oct 26 7:00 AM MBA Mortgage Index 10/22
Oct 26 8:30 AM Durable Orders Sep-
Oct 26 8:30 AM Durable Orders -ex Transportation Sep
Oct 26 10:00 AM New Home Sales Sep
Oct 26 10:30 AM Crude Inventories 10/22
Oct 27 8:30 AM Initial Claims 10/22
Oct 27 8:30 AM Continuing Claims 10/15
Oct 27 8:30 AM GDP-Adv. Q3
Oct 27 8:30 AM GDP Deflator Q3
Oct 27 10:00 AM Pending Home Sales Aug
Oct 28 8:30 AM Personal Income Sep
Oct 28 8:30 AM Personal Spending Sep
Oct 28 8:30 AM PCE Prices - Core Sep
Oct 28 8:30 AM Employment Cost Index Q3
Oct 28 9:55 AM Michigan Sentiment - Final
Market Outlook October 24 2011
The corrupt millionaire, Obama, has been on the road for two months now in his armored busses campaigning at the expense of American taxpayers. This week he will be doing the same but this week he will call it campaigning and his $billion campaign slush fund will pick up the tab.
We still expect a normal advance of at least 50% of the total recent decline and possibly as much as 90% recovery. For that to happen the 50DayMovingAverage (green line) must move above the 100 DMA (red line). The market is moving though a resistance area now, the 50 DMA. See:
http://finance.yahoo.com/q/ta?s=^NYA&t=2y&l=on&z=l&q=l&p=e50%2Ce100&a=&c=
America has not had a double dip recession. Starting in April, the banks began net loaning of money to small corporations. Since August, international trade continued to recover. See 1yr chart. You may need to cut and paste this in:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stocks were mixed up last night. China up 2.3%, Hong Kong up 4.1%, India up 0%, Seoul up 3.3%, and Japan up 1.9%.
European markets are up today in a range -0.3% to +0.4% half way through their day.
American market futures are flat about 0.1% at 8 AM EST. US market futures rarely have any predictive correlation.
Give Greece the boot and get it over with. Then boot out any other members that do not get off their fat butts and root out their political corruption that is the source of the concept of “redistribution of wealth”. “Redistribution of wealth” is the song of every corrupt political machine. The end of corruption is always the overthrow of the government by tyrants followed by the overthrow of that tyranny with greater tyranny. American free enterprise only comes once in several thousand years so enjoy it before Obama and his democrat socialists in America abandon everything America stands for.
The Jimmy Carter "misery index," an informal measure derived by adding the national unemployment rate to the year-over-year change in consumer prices. It rose to 13 in September. The index hit 18 during President Jimmy Carter's last term in the 1980s.
Corrupt GE/Pravda made MSNBC the propaganda machine for corruption, i.e. Liberals. Now obviously Comcast is another corrupt corporation because it took over MSNBC and continues the same GE socialist crony politics and lies that undermine free enterprise and American citizen rights to the fruits of their labor.
World markets
European Union ladies met in Brussels this weekend and kicked the can down the road, seeking a miracle in efforts to resolve the Greek sovereign debt crisis without triggering a default, beef up the Euro bailout fund, shield banks from the fallout and ensure Italy and Spain don’t succumb to the contagion. They will hold a second summit on Oct. 26 to kick the can again. Their hope is that millionaire Obama can we enticed to save Europe now that he said he has saved Iraq and defeated all the enemies of the USA. Europe wants a redistribution of American wealth and can’t understand why millionaire Obama has not yet made Americans foot Europe’s bill.
American Economy
Week summary
The prognosis is that the housing sector is now recovering and could gap upward in valuation any time now.
Empire Manufacturing Oct improved slightly to -8.48 from -8.82 better but not good
Industrial Production Sep same at 0.2% good
Capacity Utilization Sep same at 77.4% good
Core PPI Sep 0.2% vs 0.1% last month or a 1.2% low inflation rate. Very good!
Net long-term TIC Flows Aug $57.9B vs $9.5B means lots of investment money is flowing in from other countries. Very very good!
NAHB Housing Market Index Oct was 18 vs 14 last month means continues to pick up. Very good!
Core CPI Sep 0.1% vs 0.2% last month
This Week
Oct 25 9:00 AM Case-Shiller 20-city Index Aug
Oct 25 10:00 AM Consumer Confidence Oct
Oct 25 10:00 AM FHFA Housing Price Index Aug
Oct 26 7:00 AM MBA Mortgage Index 10/22
Oct 26 8:30 AM Durable Orders Sep-
Oct 26 8:30 AM Durable Orders -ex Transportation Sep
Oct 26 10:00 AM New Home Sales Sep
Oct 26 10:30 AM Crude Inventories 10/22
Oct 27 8:30 AM Initial Claims 10/22
Oct 27 8:30 AM Continuing Claims 10/15
Oct 27 8:30 AM GDP-Adv. Q3
Oct 27 8:30 AM GDP Deflator Q3
Oct 27 10:00 AM Pending Home Sales Aug
Oct 28 8:30 AM Personal Income Sep
Oct 28 8:30 AM Personal Spending Sep
Oct 28 8:30 AM PCE Prices - Core Sep
Oct 28 8:30 AM Employment Cost Index Q3
Oct 28 9:55 AM Michigan Sentiment - Final
Market Outlook October 24 2011
The corrupt millionaire, Obama, has been on the road for two months now in his armored busses campaigning at the expense of American taxpayers. This week he will be doing the same but this week he will call it campaigning and his $billion campaign slush fund will pick up the tab.
We still expect a normal advance of at least 50% of the total recent decline and possibly as much as 90% recovery. For that to happen the 50DayMovingAverage (green line) must move above the 100 DMA (red line). The market is moving though a resistance area now, the 50 DMA. See:
http://finance.yahoo.com/q/ta?s=^NYA&t=2y&l=on&z=l&q=l&p=e50%2Ce100&a=&c=
America has not had a double dip recession. Starting in April, the banks began net loaning of money to small corporations. Since August, international trade continued to recover. See 1yr chart. You may need to cut and paste this in:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stocks were mixed up last night. China up 2.3%, Hong Kong up 4.1%, India up 0%, Seoul up 3.3%, and Japan up 1.9%.
European markets are up today in a range -0.3% to +0.4% half way through their day.
American market futures are flat about 0.1% at 8 AM EST. US market futures rarely have any predictive correlation.
Friday, October 21, 2011
Communist leaning countries, even Portugal, may need to be expelled from the EU because leftists steal other people’s earnings
The "misery index," an informal measure derived by adding the national unemployment rate to the year-over-year change in consumer prices, rose to 13 in September. The index hit 18 during President Jimmy Carter's term in the 1980s.
The EU economic recovery has been relatively slow and remains fragile. Moreover, there are clear downside risks stemming from financial markets, rising energy and raw materials prices. However, EU industry is in good shape and has the potential to push the European economy back to growth. There are however considerable differences among members: the average labor productivity in manufacturing ranges from almost 125% of gross value added per person employed in Ireland to below 20% in Bulgaria. The share of innovating companies varies from 80% in Germany to 25% in Latvia. The business-friendliness of regulation gets highest scores in Finland whereas Italy is in last position.
While Obama supporters occupy Wall Street, the Washington Post reported that Obama has raised more money from employees of banks, hedge funds and other financial service companies than all the GOP candidates combined. Obama’s fundraising advantage is clear even at Bain Capital, the Boston-based private equity firm that was co-founded by Romney. Romney took in $34,000 from 18 Bain employees but Obama collected $76,600 and he needed only three donors to do it. What is going on? We seem to be losing our country. Notice that the financial world gave Obama nothing until Obama had Holden begin investigating the financial firms putting $billions of potential fines back in the range of possibilities. That is how authoritarian corruption works. You support the corrupt Obama candidate or Obama, he put you out of business, then he investigate you and he throw you in jail for 11 years. It works all the time and it is disgusting that Obama has stooped to this low level of corruption with Holden and “Occupy Wall Street” intimidation to get campaign contributions. So the Obama corruption works both on the poor who want something for nothing and the corrupt liberals who infiltrated corporations and commit economic crimes that are still destroying the middle class homeowners. The corrupt crony corporation liberals then pay off Obama with contributions so that Obama can concentrate on harassing the businessmen who fail to contribute. Obama crony capitalism is corruption. It is when the corrupt liberal government does favors for the corrupt liberals who they have gotten placed in American industries like GE that depend heavily on corrupting government to get contracts. Corrupt GE/Pravda then bought MSNBC and made it the mouthpiece for corruption, i.e. Liberals. Now obviously Comcast is another corrupt corporation because it took over MSNBC and continues the same socialist crony politics and lies that undermine free enterprise and American rights to the fruits of their labor.
World markets
France started back tracking as the EU approaches a decision point on Greece. The real solution all along seems to be the expulsion of Greece and perhaps Bulgaria from the EU. Communist leaning countries, even Portugal, may need to be expelled from the EU because leftists like to spend other people’s money and that is nothing short of the crime of theft.
Papandreou secured the backing of a majority of lawmakers in Athens yesterday as European leaders announced a second summit next week to work on a “global and ambitious” strategy to combat their sovereign debt problem.
Ringed by a cordon of police, lawmakers inside debated the second round of austerity measures to reduce deficit spending. The climate in Athens was extremely tense, with demonstrations turning into violent street skirmishes. Some Greek patriots began hurling firebombs not at the police but into the international socialist demonstrators. The scene outside Parliament looked like a war zone, with crowds of citizens throwing stones and firebombs at the rioters. Alas the police have citizen support that has had enough of the international socialists. They are tired of the socialist thugs dragging Greece into the gutter and making Greek citizens the laughingstock of the world. A Greek ruling party lawmaker, a former labor minister in Papandreou’s government, voted against the spending reduction and was quickly expelled from the party.
.
Moody's said on Monday it might slap a negative outlook on France’s Aaa credit rating in the next three months if the costs for helping to bail out banks and other Euro zone members stretch its budget too much.
American Economy
The prognosis is that the housing sector has bottomed and is now recovering and could gap upward in valuation any time now.
Week summary
Empire Manufacturing Oct improved slightly to -8.48 from -8.82 better but not good
Industrial Production Sep same at 0.2% good
Capacity Utilization Sep same at 77.4% good
Producer Price Index Sep up 0.8% vs 0% last month. That is just data scatter.
Core PPI Sep 0.2% vs 0.1% last month or a 1.2% low inflation rate. Very good!
Net long-term TIC Flows Aug $57.9B vs $9.5B means lots of investment money is flowing in from other countries. Very very good!
NAHB Housing Market Index Oct was 18 vs 14 last month means housing continues to pick up. Very very very good!
MBA Mortgage Index 10/15 fell -14.9% as the real estate season closes in the north.
CPI Sep 0.3% vs 0.4% last month
Core CPI Sep 0.1% vs 0.2% last month
Housing Starts Sep 658K much better than the 571K last month
Building Permits Sep 594K down from 620K as winter approaches
Crude Inventories 10/15 -4.729M down from 1.344M last month
Yesterday
Initial Claims 10/15 403K down slightly from 404K
Continuing Claims 10/08 3719K up from 3670K
Existing Home Sales Sep 4.91M down slightly from Augusts 5.03M
Philadelphia Fed Oct 8.7 a great improvement from -17.5 last month
Leading Indicators Sep 0.2% amazing that the stock market hardly dented it from 0.3% last month
Market Outlook October 21 2011
It appears the 50 DMA trend line still is about to be smashed on the upside. But the EU still can’t get its act together. Idiots Geithner and Obama should stay away from Europe instead of posing and displaying their stupid smiles. America and private enterprise can not bail out leftists through the World Bank because leftists never stop trying to bite the hand that feeds them.
Stocks could have to rise an additional 3% from here to trigger a short squeeze, but if it does the market could be up more than 20% from the low by Christmas. We do not believe a new market high will be hit this year… but many market losses could be recovered.
We still expect a normal advance of at least 50% of the total recent decline and possibly as much as 90% recovery. For that to happen the 50DayMovingAverage (green line) must move above the 100 DMA (red line). The market is moving though a resistance area now, the 50 DMA. See:
http://finance.yahoo.com/q/ta?s=^NYA&t=2y&l=on&z=l&q=l&p=e50%2Ce100&a=&c=
America has not had a double dip recession. Starting in April, the banks began net loaning of money to small corporations. Since August, international trade continued to recover. See 1yr chart. You may need to cut and paste this in:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stocks were mixed up last night. China down -0.6%, Hong Kong up 0.2%, India down –0.9%, Seoul up 1.8%, and Japan up 0%.
European markets are up today in a range 0.5% to 1.9% half way through their day.
American market futures are up about 0.5% at 7:30 AM EST. US market futures rarely have any predictive correlation.
The EU economic recovery has been relatively slow and remains fragile. Moreover, there are clear downside risks stemming from financial markets, rising energy and raw materials prices. However, EU industry is in good shape and has the potential to push the European economy back to growth. There are however considerable differences among members: the average labor productivity in manufacturing ranges from almost 125% of gross value added per person employed in Ireland to below 20% in Bulgaria. The share of innovating companies varies from 80% in Germany to 25% in Latvia. The business-friendliness of regulation gets highest scores in Finland whereas Italy is in last position.
While Obama supporters occupy Wall Street, the Washington Post reported that Obama has raised more money from employees of banks, hedge funds and other financial service companies than all the GOP candidates combined. Obama’s fundraising advantage is clear even at Bain Capital, the Boston-based private equity firm that was co-founded by Romney. Romney took in $34,000 from 18 Bain employees but Obama collected $76,600 and he needed only three donors to do it. What is going on? We seem to be losing our country. Notice that the financial world gave Obama nothing until Obama had Holden begin investigating the financial firms putting $billions of potential fines back in the range of possibilities. That is how authoritarian corruption works. You support the corrupt Obama candidate or Obama, he put you out of business, then he investigate you and he throw you in jail for 11 years. It works all the time and it is disgusting that Obama has stooped to this low level of corruption with Holden and “Occupy Wall Street” intimidation to get campaign contributions. So the Obama corruption works both on the poor who want something for nothing and the corrupt liberals who infiltrated corporations and commit economic crimes that are still destroying the middle class homeowners. The corrupt crony corporation liberals then pay off Obama with contributions so that Obama can concentrate on harassing the businessmen who fail to contribute. Obama crony capitalism is corruption. It is when the corrupt liberal government does favors for the corrupt liberals who they have gotten placed in American industries like GE that depend heavily on corrupting government to get contracts. Corrupt GE/Pravda then bought MSNBC and made it the mouthpiece for corruption, i.e. Liberals. Now obviously Comcast is another corrupt corporation because it took over MSNBC and continues the same socialist crony politics and lies that undermine free enterprise and American rights to the fruits of their labor.
World markets
France started back tracking as the EU approaches a decision point on Greece. The real solution all along seems to be the expulsion of Greece and perhaps Bulgaria from the EU. Communist leaning countries, even Portugal, may need to be expelled from the EU because leftists like to spend other people’s money and that is nothing short of the crime of theft.
Papandreou secured the backing of a majority of lawmakers in Athens yesterday as European leaders announced a second summit next week to work on a “global and ambitious” strategy to combat their sovereign debt problem.
Ringed by a cordon of police, lawmakers inside debated the second round of austerity measures to reduce deficit spending. The climate in Athens was extremely tense, with demonstrations turning into violent street skirmishes. Some Greek patriots began hurling firebombs not at the police but into the international socialist demonstrators. The scene outside Parliament looked like a war zone, with crowds of citizens throwing stones and firebombs at the rioters. Alas the police have citizen support that has had enough of the international socialists. They are tired of the socialist thugs dragging Greece into the gutter and making Greek citizens the laughingstock of the world. A Greek ruling party lawmaker, a former labor minister in Papandreou’s government, voted against the spending reduction and was quickly expelled from the party.
.
Moody's said on Monday it might slap a negative outlook on France’s Aaa credit rating in the next three months if the costs for helping to bail out banks and other Euro zone members stretch its budget too much.
American Economy
The prognosis is that the housing sector has bottomed and is now recovering and could gap upward in valuation any time now.
Week summary
Empire Manufacturing Oct improved slightly to -8.48 from -8.82 better but not good
Industrial Production Sep same at 0.2% good
Capacity Utilization Sep same at 77.4% good
Producer Price Index Sep up 0.8% vs 0% last month. That is just data scatter.
Core PPI Sep 0.2% vs 0.1% last month or a 1.2% low inflation rate. Very good!
Net long-term TIC Flows Aug $57.9B vs $9.5B means lots of investment money is flowing in from other countries. Very very good!
NAHB Housing Market Index Oct was 18 vs 14 last month means housing continues to pick up. Very very very good!
MBA Mortgage Index 10/15 fell -14.9% as the real estate season closes in the north.
CPI Sep 0.3% vs 0.4% last month
Core CPI Sep 0.1% vs 0.2% last month
Housing Starts Sep 658K much better than the 571K last month
Building Permits Sep 594K down from 620K as winter approaches
Crude Inventories 10/15 -4.729M down from 1.344M last month
Yesterday
Initial Claims 10/15 403K down slightly from 404K
Continuing Claims 10/08 3719K up from 3670K
Existing Home Sales Sep 4.91M down slightly from Augusts 5.03M
Philadelphia Fed Oct 8.7 a great improvement from -17.5 last month
Leading Indicators Sep 0.2% amazing that the stock market hardly dented it from 0.3% last month
Market Outlook October 21 2011
It appears the 50 DMA trend line still is about to be smashed on the upside. But the EU still can’t get its act together. Idiots Geithner and Obama should stay away from Europe instead of posing and displaying their stupid smiles. America and private enterprise can not bail out leftists through the World Bank because leftists never stop trying to bite the hand that feeds them.
Stocks could have to rise an additional 3% from here to trigger a short squeeze, but if it does the market could be up more than 20% from the low by Christmas. We do not believe a new market high will be hit this year… but many market losses could be recovered.
We still expect a normal advance of at least 50% of the total recent decline and possibly as much as 90% recovery. For that to happen the 50DayMovingAverage (green line) must move above the 100 DMA (red line). The market is moving though a resistance area now, the 50 DMA. See:
http://finance.yahoo.com/q/ta?s=^NYA&t=2y&l=on&z=l&q=l&p=e50%2Ce100&a=&c=
America has not had a double dip recession. Starting in April, the banks began net loaning of money to small corporations. Since August, international trade continued to recover. See 1yr chart. You may need to cut and paste this in:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stocks were mixed up last night. China down -0.6%, Hong Kong up 0.2%, India down –0.9%, Seoul up 1.8%, and Japan up 0%.
European markets are up today in a range 0.5% to 1.9% half way through their day.
American market futures are up about 0.5% at 7:30 AM EST. US market futures rarely have any predictive correlation.
Thursday, October 20, 2011
Crony corporation liberals then pay off Obama with contributions so that Obama can concentrate on harassing the businessmen who fail to fall in line.
While Obama supporters occupy Wall Street, the Washington Post reported that Obama has raised more money from employees of banks, hedge funds and other financial service companies than all the GOP candidates combined. Obama’s fundraising advantage is clear even at Bain Capital, the Boston-based private equity firm that was co-founded by Romney. Romney took in $34,000 from 18 Bain employees but Obama collected $76,600 and he needed only three donors to do it. What is going on? We seem to be losing our country. Notice that the financial world gave Obama nothing until Obama had Holden begin investigating the financial firms putting $billions of potential fines back in the range of possibilities. That is how authoritarian corruption works. You support the corrupt Obama candidate or Obama, he put you out of business, then he investigate you and he throw you in jail for 11 years. It works all the time and it is disgusting that Obama has stooped to this low level of corruption with Holden and “Occupy Wall Street” intimidation to get campaign contributions. So the Obama corruption works both on the poor who want something for nothing and the corrupt liberals who infiltrated corporations and commit economic crimes that are still destroying the middle class homeowners. The corrupt crony corporation liberals then pay off Obama with contributions so that Obama can concentrate on harassing the businessmen who fail to fall in line. Obama crony capitalism is corruption. It is when the corrupt liberal government does favors for the corrupt liberals who they have gotten placed in American industries like GE that depend heavily on corrupting government to get contracts. Corrupt GE/Pravda then bought MSNBC and made it the mouthpiece for corruption, i.e. Liberals. Now obviously Comcast is another corrupt corporation because it took over MSNBC and continues the same socialist crony politics and lies that undermine free enterprise and American rights to the fruit of their labor.
An elderly man had a massive heart attack and the family drove him to the emergency room. After a while the ER doctor appeared wearing a long face. "I'm afraid your Grandpa is brain-dead, but his heart is still beating."
"Oh, Dear God," cried his wife, "We've never had a liberal in the family before!"
Citigroup Inc will pay at least $285 million to settle charges that it defrauded investors who bought toxic housing-related debt that the bank bet would fail. The bank's Citigroup Global Markets unit misled investors about a $1 billion collateralized debt obligation by failing to reveal it had "significant influence" over the selection of $500 million of underlying assets, and that it took a short position against those assets when it advised the investors t buy them. Sounds just like Goldman Sucks. Just another bank run by liberals whom like George Soros love liberals, national socialists, and international socialists.
Goldman Sucks drives oil trades near highest price in a month after and cites further ‘upside risk’. Gee I wonder who is behind the manipulation of oil prices via the manipulation of the futures markets. It couldn’t be Goldman Sucks that big Obama campaign contributor could it? Could it be that corrupt dealer that knew when the fraudulent Liar Loan derivatives were about to implode so they put their former CEO in charge of TARP and they then destroyed Bank of America by forcing BAC to acquire Countrywide, the biggest dealer in Liar Loans.
GE Pravda continues to sell the US short and continues moving American technology out of America.
If Idiots Geithner and Obama could just stay away from Europe for a while instead of posing and displaying their stupid smiles, Merkle would get the message that America will not bail them out through the World Bank. Then finally this crisis would get behind us.
EU officials said that several of the banks involved in Libor loan rates were raided, including UBS AG (UBSN), RBS, Barclays, HSBC, BNP Paribas (BNP) SA EU officials declined to comment about charges the banks are colluding to manipulate bank rates around the world to skim off higher profits.
By buying insurance policies for “Liar Loan” derivatives, Goldman Sucks had the most to gain if the American economy collapsed. They also profited big with the collapse of competitors such as the Lehman Bro’s that took the fall to cover the Washington/Wall Street corruption with a maze of worthless derivative paper. It took big bonuses, golden parachutes and a threat of a claw-back to make sure the villains of Wall Street kept quiet. Wall street flooded Obama with campaign contributions because it was poetic justice for the socialist corruption that made so much profit for wall street and bankrupted so many of the middle class home owners. The demise of the economy would come back to roost on the empty head of a socialist president willing to take the fall for Wall Street and blame it on Republicans and American free enterprise.
World markets
Shares of Morgan Stanley rose after the investment bank disclosed that its actual risk from the European crisis is much less than previously reported. The investment bank said its total exposure to Greece, Italy, Ireland, Portugal and Spain as of September 30 after hedges on net counterparty exposure and lending was approximately $2.1 billion. That was in line with numbers disclosed last quarter.
Bank of England officials voted unanimously to expand the size of their asset-purchase program as strains related to Europe’s debt crisis created a “compelling” case to add 275 Billion pounds to the stimulus.
.
Moody's said on Monday it might slap a negative outlook on France’s Aaa credit rating in the next three months if the costs for helping to bail out banks and other Euro zone members stretch its budget too much.
American Economy
The prognosis is that the housing sector has bottomed and is now recovering and could gap upward in valuation any time now.
Last week summary
Initial Claims 10/08 up to 404K from 401K not good
Continuing Claims 10/01 down to 3670K from 3700K not great
Trade Balance Aug grew -$45.6B from -$44.8B worsening
Crude Inventories 10/08 rose 1.344M from the previous decline -4.679M good news
Treasury Budget Sep worsened -$64.0B from a monthly deficit rate of -$34.6B last month. Bad news
Retail Sales Sep rose 1.1% very good news
Retail Sales ex-auto Sep up 0.6% from 0.1% last month
Export Prices ex-ag. Sep stable at 0.3%
Import Prices ex-oil Sep stable at 0.2%
Mich Sentiment Oct 57.5 down again from 59.4 No confidence in Obama.
Business Inventories Aug up 0.5% worse than last month 0.4% increase
Treasury Budget Sep -$64.6B worse than last months -$34.6B
Empire Manufacturing Oct improved slightly to -8.48 from -8.82 better but not good
Industrial Production Sep same at 0.2% good
Capacity Utilization Sep same at 77.4% good
Yesterday
Producer Price Index Sep up 0.8% vs 0% last month. That is just data scatter.
Core PPI Sep 0.2% vs 0.1% last month or a 1.2% low inflation rate. Very good!
Net long-term TIC Flows Aug $57.9B vs $9.5B means lots of investment money is flowing in from other countries. Very very good!
NAHB Housing Market Index Oct was 18 vs 14 last month means housing continues to pick up. Very very very good!
MBA Mortgage Index 10/15 fell -14.9% as the real estate season closes in the north.
CPI Sep 0.3% vs 0.4% last month
Core CPI Sep 0.1% vs 0.2% last month
Housing Starts Sep 658K much better than the 571K last month
Building Permits Sep 594K down from 620K as winter approaches
Crude Inventories 10/15 -4.729M down from 1.344M last month
Today
Oct 20 8:30 AM Initial Claims 10/15
Oct 20 8:30 AM Continuing Claims 10/08
Oct 20 10:00 AM Existing Home Sales Sep -
Oct 20 10:00 AM Philadelphia Fed Oct
Oct 20 10:00 AM Leading Indicators
Market Outlook October 20 2011
Volume was low on both Monday’s and Wednesday’s declines. It was quite high on Tuesday’s rally. That is a good sign the market is ready to surge. It appears the 50 DMA trend line is about to be smashed on the upside. Buyers are complaining that they cannot take a position without causing the stock they want to swing sharply upward.
When the Berlin stripper finally does her act the stock market could gap up rapidly. That show is expected to be over this month.
Stocks could have to rise an additional 3% from here to trigger a short squeeze, but if it does the market could be up more than 20% from the low by Christmas. We do not believe a new market high will be hit this year… but many market losses could be recovered.
We still expect a normal advance of at least 50% of the total recent decline and possibly as much as 90% recovery. For that to happen the 50DayMovingAverage (green line) must move above the 100 DMA (red line). The market is moving though a resistance area now, the 50 DMA. See:
http://finance.yahoo.com/q/ta?s=^NYA&t=2y&l=on&z=l&q=l&p=e50%2Ce100&a=&c=
America has not had a double dip recession. Starting in April, the banks began net loaning of money to small corporations. Since August, international trade continued to recover. See 1yr chart. You may need to cut and paste this in:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stocks followed the US down last night. China down –1.9%, Hong Kong down -1.8%, India down –0.8%, Seoul down –2.7%, and Japan down -1%. Asia’s move usually follows America’s move the previous day.
European markets are down today in a range +0.4% to –1.2% half way through their day. Europe’s move usually follows America’s move the previous day and then American futures.
American market futures are up about 0.3% at 7:00 AM EST. US market futures rarely have any predictive correlation.
An elderly man had a massive heart attack and the family drove him to the emergency room. After a while the ER doctor appeared wearing a long face. "I'm afraid your Grandpa is brain-dead, but his heart is still beating."
"Oh, Dear God," cried his wife, "We've never had a liberal in the family before!"
Citigroup Inc will pay at least $285 million to settle charges that it defrauded investors who bought toxic housing-related debt that the bank bet would fail. The bank's Citigroup Global Markets unit misled investors about a $1 billion collateralized debt obligation by failing to reveal it had "significant influence" over the selection of $500 million of underlying assets, and that it took a short position against those assets when it advised the investors t buy them. Sounds just like Goldman Sucks. Just another bank run by liberals whom like George Soros love liberals, national socialists, and international socialists.
Goldman Sucks drives oil trades near highest price in a month after and cites further ‘upside risk’. Gee I wonder who is behind the manipulation of oil prices via the manipulation of the futures markets. It couldn’t be Goldman Sucks that big Obama campaign contributor could it? Could it be that corrupt dealer that knew when the fraudulent Liar Loan derivatives were about to implode so they put their former CEO in charge of TARP and they then destroyed Bank of America by forcing BAC to acquire Countrywide, the biggest dealer in Liar Loans.
GE Pravda continues to sell the US short and continues moving American technology out of America.
If Idiots Geithner and Obama could just stay away from Europe for a while instead of posing and displaying their stupid smiles, Merkle would get the message that America will not bail them out through the World Bank. Then finally this crisis would get behind us.
EU officials said that several of the banks involved in Libor loan rates were raided, including UBS AG (UBSN), RBS, Barclays, HSBC, BNP Paribas (BNP) SA EU officials declined to comment about charges the banks are colluding to manipulate bank rates around the world to skim off higher profits.
By buying insurance policies for “Liar Loan” derivatives, Goldman Sucks had the most to gain if the American economy collapsed. They also profited big with the collapse of competitors such as the Lehman Bro’s that took the fall to cover the Washington/Wall Street corruption with a maze of worthless derivative paper. It took big bonuses, golden parachutes and a threat of a claw-back to make sure the villains of Wall Street kept quiet. Wall street flooded Obama with campaign contributions because it was poetic justice for the socialist corruption that made so much profit for wall street and bankrupted so many of the middle class home owners. The demise of the economy would come back to roost on the empty head of a socialist president willing to take the fall for Wall Street and blame it on Republicans and American free enterprise.
World markets
Shares of Morgan Stanley rose after the investment bank disclosed that its actual risk from the European crisis is much less than previously reported. The investment bank said its total exposure to Greece, Italy, Ireland, Portugal and Spain as of September 30 after hedges on net counterparty exposure and lending was approximately $2.1 billion. That was in line with numbers disclosed last quarter.
Bank of England officials voted unanimously to expand the size of their asset-purchase program as strains related to Europe’s debt crisis created a “compelling” case to add 275 Billion pounds to the stimulus.
.
Moody's said on Monday it might slap a negative outlook on France’s Aaa credit rating in the next three months if the costs for helping to bail out banks and other Euro zone members stretch its budget too much.
American Economy
The prognosis is that the housing sector has bottomed and is now recovering and could gap upward in valuation any time now.
Last week summary
Initial Claims 10/08 up to 404K from 401K not good
Continuing Claims 10/01 down to 3670K from 3700K not great
Trade Balance Aug grew -$45.6B from -$44.8B worsening
Crude Inventories 10/08 rose 1.344M from the previous decline -4.679M good news
Treasury Budget Sep worsened -$64.0B from a monthly deficit rate of -$34.6B last month. Bad news
Retail Sales Sep rose 1.1% very good news
Retail Sales ex-auto Sep up 0.6% from 0.1% last month
Export Prices ex-ag. Sep stable at 0.3%
Import Prices ex-oil Sep stable at 0.2%
Mich Sentiment Oct 57.5 down again from 59.4 No confidence in Obama.
Business Inventories Aug up 0.5% worse than last month 0.4% increase
Treasury Budget Sep -$64.6B worse than last months -$34.6B
Empire Manufacturing Oct improved slightly to -8.48 from -8.82 better but not good
Industrial Production Sep same at 0.2% good
Capacity Utilization Sep same at 77.4% good
Yesterday
Producer Price Index Sep up 0.8% vs 0% last month. That is just data scatter.
Core PPI Sep 0.2% vs 0.1% last month or a 1.2% low inflation rate. Very good!
Net long-term TIC Flows Aug $57.9B vs $9.5B means lots of investment money is flowing in from other countries. Very very good!
NAHB Housing Market Index Oct was 18 vs 14 last month means housing continues to pick up. Very very very good!
MBA Mortgage Index 10/15 fell -14.9% as the real estate season closes in the north.
CPI Sep 0.3% vs 0.4% last month
Core CPI Sep 0.1% vs 0.2% last month
Housing Starts Sep 658K much better than the 571K last month
Building Permits Sep 594K down from 620K as winter approaches
Crude Inventories 10/15 -4.729M down from 1.344M last month
Today
Oct 20 8:30 AM Initial Claims 10/15
Oct 20 8:30 AM Continuing Claims 10/08
Oct 20 10:00 AM Existing Home Sales Sep -
Oct 20 10:00 AM Philadelphia Fed Oct
Oct 20 10:00 AM Leading Indicators
Market Outlook October 20 2011
Volume was low on both Monday’s and Wednesday’s declines. It was quite high on Tuesday’s rally. That is a good sign the market is ready to surge. It appears the 50 DMA trend line is about to be smashed on the upside. Buyers are complaining that they cannot take a position without causing the stock they want to swing sharply upward.
When the Berlin stripper finally does her act the stock market could gap up rapidly. That show is expected to be over this month.
Stocks could have to rise an additional 3% from here to trigger a short squeeze, but if it does the market could be up more than 20% from the low by Christmas. We do not believe a new market high will be hit this year… but many market losses could be recovered.
We still expect a normal advance of at least 50% of the total recent decline and possibly as much as 90% recovery. For that to happen the 50DayMovingAverage (green line) must move above the 100 DMA (red line). The market is moving though a resistance area now, the 50 DMA. See:
http://finance.yahoo.com/q/ta?s=^NYA&t=2y&l=on&z=l&q=l&p=e50%2Ce100&a=&c=
America has not had a double dip recession. Starting in April, the banks began net loaning of money to small corporations. Since August, international trade continued to recover. See 1yr chart. You may need to cut and paste this in:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stocks followed the US down last night. China down –1.9%, Hong Kong down -1.8%, India down –0.8%, Seoul down –2.7%, and Japan down -1%. Asia’s move usually follows America’s move the previous day.
European markets are down today in a range +0.4% to –1.2% half way through their day. Europe’s move usually follows America’s move the previous day and then American futures.
American market futures are up about 0.3% at 7:00 AM EST. US market futures rarely have any predictive correlation.
Wednesday, October 19, 2011
The prognosis is that the housing sector is now recovering and could gap upward in valuation any moment.
The prognosis is that the housing sector is now recovering and could gap upward in valuation any moment.
Goldman Sucks drives oil trades near highest price in a month after and cites further ‘upside risk’. Gee I wonder who is behind the manipulation of oil prices via the manipulation of the futures markets. It couldn’t be Goldman Sucks could it… the dealer that knew when the fraudulent Liar Loan derivatives were about to implode?
GE Pravda continues to sell the US short and continues moving American technology out of America.
If Idiots Geithner and Obama could just stay away from Europe for a while instead of posing and displaying their stupid smiles, Merkle would get the message that America will not bail them out through the World Bank. Then finally this crisis would get behind us.
EU officials said that several of the banks involved in Libor loan rates were raided, including UBS AG (UBSN), RBS, Barclays, HSBC, BNP Paribas (BNP) SA declined to comment about charges the banks are colluding to manipulate bank rates around the world to skim off higher profits.
By buying insurance policies for “Liar Loan” derivatives, Goldman Sucks had the most to gain if the American economy collapsed. They also profited big with the collapse of competitors such as the Lehman Bro’s that took the fall to cover the Washington/Wall Street corruption with a maze of worthless derivative paper. It took big bonuses, golden parachutes and a threat of a claw-back to make sure the villains of Wall Street kept quiet. Wall street flooded Obama with campaign contributions because it was poetic justice for the socialist corruption that made so much profit for wall street and bankrupted so many of the middle class home owners. The demise of the economy would come back to roost on the empty head of a socialist president willing to take the fall for Wall Street and blame it on Republicans and American free enterprise.
World markets
Bank of England officials voted unanimously to expand the size of their asset-purchase program as strains related to Europe’s debt crisis created a “compelling” case to add275 Billion pounds to the stimulus.
.
Moody's said on Monday it might slap a negative outlook on France’s Aaa credit rating in the next three months if the costs for helping to bail out banks and other Euro zone members stretch its budget too much.
HSBC is abandoning the U.A.E. stock market as theocratic socialists have little interest in free enterprise and U.A.E. has little free enterprise to begin with. Trading volume in Mid Eastern theocracies and dictatorships is next to nothing anyway.
Josef Ackermann, the head of Deutsche Bank AG (DBK) and chief lobbyist for the world’s largest financial firms, showed just how naïve he is. He has pressed European leaders for months to devise a strategy to end the sovereign debt crisis without apparently realizing the banks he represents are responsible for the debt because they financed it.
American Economy
Last week summary
Initial Claims 10/08 up to 404K from 401K not good
Continuing Claims 10/01 down to 3670K from 3700K not great
Trade Balance Aug grew -$45.6B from -$44.8B worsening
Crude Inventories 10/08 rose 1.344M from the previous decline -4.679M good news
Treasury Budget Sep worsened -$64.0B from a monthly deficit rate of -$34.6B last month. Bad news
Retail Sales Sep rose 1.1% very good news
Retail Sales ex-auto Sep up 0.6% from 0.1% last month
Export Prices ex-ag. Sep stable at 0.3%
Import Prices ex-oil Sep stable at 0.2%
Mich Sentiment Oct 57.5 down again from 59.4 No confidence in Obama.
Business Inventories Aug up 0.5% worse than last month 0.4% increase
Treasury Budget Sep -$64.6B worse than last months -$34.6B
Empire Manufacturing Oct improved slightly to -8.48 from -8.82 better but not good
Industrial Production Sep same at 0.2% good
Capacity Utilization Sep same at 77.4% good
Yesterday
Producer Price Index Sep up 0.8% vs 0% last month. That is just data scatter.
Core PPI Sep 0.2% vs 0.1% last month or a 1.2% low inflation rate. Very good!
Net long-term TIC Flows Aug $57.9B vs $9.5B means lots of investment money is flowing in from other countries. Very very good!
NAHB Housing Market Index Oct was 18 vs 14 last month means housing continues to pick up. Very very very good!
Today
Oct 19 7:00 AM MBA Mortgage Index 10/15
Oct 19 8:30 AM CPI Sep
Oct 19 8:30 AM Core CPI Sep
Oct 19 8:30 AM Housing Starts Sep
Oct 19 8:30 AM Building Permits Sep
Oct 19 10:30 AM Crude Inventories 10/15 -
Oct 19 2:00 PM Fed's Beige Book Oct
This week
Oct 20 8:30 AM Initial Claims 10/15
Oct 20 8:30 AM Continuing Claims 10/08
Oct 20 10:00 AM Existing Home Sales Sep -
Oct 20 10:00 AM Philadelphia Fed Oct
Oct 20 10:00 AM Leading Indicators
Market Outlook October 19 2011
Volume was low on Monday’s decline. It was quite high on yesterday’s rally. That is a good sign the marked is ready to surge. It appears the 50 DMA trend line is about to be broken on the upside. Short sellers are selling just small amounts of stock on each trade letting buyers quickly move the individual stocks up in price. The WSJ today said that buyers are seeing that the short sellers have started unloading but still buyers are complaining that they cannot take a position without causing the stock they want to swing sharply upward.
When the Berlin stripper finally does her act the stock market could gap up rapidly.
Stocks could have to rise an additional 3% from here to trigger a short squeeze, but if it does the market could be up more than 15.0% from the low by Christmas. We do not believe a new market high will be hit this year… but many market losses could be recovered.
We still expect a normal advance of at least 50% of the total recent decline and possibly as much as 90% recovery. For that to happen the 50DayMovingAverage (green line) must move above the 100 DMA (red line). The market is moving though a resistance area now, the 50 DMA. See:
http://finance.yahoo.com/q/ta?s=^NYA&t=2y&l=on&z=l&q=l&p=e50%2Ce100&a=&c=
America has not had a double dip recession. Starting in April, the banks began net loaning of money to small corporations. Since August, international trade continued to recover. See 1yr chart. You may need to cut and paste this in:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stocks were up last night. China down –0.3%, Hong Kong up 1.3%, India up 2%, Seoul up 0.9%, and Japan up 0.4%. Asia’s move usually follows America’s move the previous day.
European markets are up today in a range 0.3% to 1.5% half way through their day. Europe’s move usually follows America’s move the previous day and then American futures.
American market futures are in a range of –0.4% to 0.4% at 7:30 AM EST. US market futures rarely have any predictive correlation.
Goldman Sucks drives oil trades near highest price in a month after and cites further ‘upside risk’. Gee I wonder who is behind the manipulation of oil prices via the manipulation of the futures markets. It couldn’t be Goldman Sucks could it… the dealer that knew when the fraudulent Liar Loan derivatives were about to implode?
GE Pravda continues to sell the US short and continues moving American technology out of America.
If Idiots Geithner and Obama could just stay away from Europe for a while instead of posing and displaying their stupid smiles, Merkle would get the message that America will not bail them out through the World Bank. Then finally this crisis would get behind us.
EU officials said that several of the banks involved in Libor loan rates were raided, including UBS AG (UBSN), RBS, Barclays, HSBC, BNP Paribas (BNP) SA declined to comment about charges the banks are colluding to manipulate bank rates around the world to skim off higher profits.
By buying insurance policies for “Liar Loan” derivatives, Goldman Sucks had the most to gain if the American economy collapsed. They also profited big with the collapse of competitors such as the Lehman Bro’s that took the fall to cover the Washington/Wall Street corruption with a maze of worthless derivative paper. It took big bonuses, golden parachutes and a threat of a claw-back to make sure the villains of Wall Street kept quiet. Wall street flooded Obama with campaign contributions because it was poetic justice for the socialist corruption that made so much profit for wall street and bankrupted so many of the middle class home owners. The demise of the economy would come back to roost on the empty head of a socialist president willing to take the fall for Wall Street and blame it on Republicans and American free enterprise.
World markets
Bank of England officials voted unanimously to expand the size of their asset-purchase program as strains related to Europe’s debt crisis created a “compelling” case to add275 Billion pounds to the stimulus.
.
Moody's said on Monday it might slap a negative outlook on France’s Aaa credit rating in the next three months if the costs for helping to bail out banks and other Euro zone members stretch its budget too much.
HSBC is abandoning the U.A.E. stock market as theocratic socialists have little interest in free enterprise and U.A.E. has little free enterprise to begin with. Trading volume in Mid Eastern theocracies and dictatorships is next to nothing anyway.
Josef Ackermann, the head of Deutsche Bank AG (DBK) and chief lobbyist for the world’s largest financial firms, showed just how naïve he is. He has pressed European leaders for months to devise a strategy to end the sovereign debt crisis without apparently realizing the banks he represents are responsible for the debt because they financed it.
American Economy
Last week summary
Initial Claims 10/08 up to 404K from 401K not good
Continuing Claims 10/01 down to 3670K from 3700K not great
Trade Balance Aug grew -$45.6B from -$44.8B worsening
Crude Inventories 10/08 rose 1.344M from the previous decline -4.679M good news
Treasury Budget Sep worsened -$64.0B from a monthly deficit rate of -$34.6B last month. Bad news
Retail Sales Sep rose 1.1% very good news
Retail Sales ex-auto Sep up 0.6% from 0.1% last month
Export Prices ex-ag. Sep stable at 0.3%
Import Prices ex-oil Sep stable at 0.2%
Mich Sentiment Oct 57.5 down again from 59.4 No confidence in Obama.
Business Inventories Aug up 0.5% worse than last month 0.4% increase
Treasury Budget Sep -$64.6B worse than last months -$34.6B
Empire Manufacturing Oct improved slightly to -8.48 from -8.82 better but not good
Industrial Production Sep same at 0.2% good
Capacity Utilization Sep same at 77.4% good
Yesterday
Producer Price Index Sep up 0.8% vs 0% last month. That is just data scatter.
Core PPI Sep 0.2% vs 0.1% last month or a 1.2% low inflation rate. Very good!
Net long-term TIC Flows Aug $57.9B vs $9.5B means lots of investment money is flowing in from other countries. Very very good!
NAHB Housing Market Index Oct was 18 vs 14 last month means housing continues to pick up. Very very very good!
Today
Oct 19 7:00 AM MBA Mortgage Index 10/15
Oct 19 8:30 AM CPI Sep
Oct 19 8:30 AM Core CPI Sep
Oct 19 8:30 AM Housing Starts Sep
Oct 19 8:30 AM Building Permits Sep
Oct 19 10:30 AM Crude Inventories 10/15 -
Oct 19 2:00 PM Fed's Beige Book Oct
This week
Oct 20 8:30 AM Initial Claims 10/15
Oct 20 8:30 AM Continuing Claims 10/08
Oct 20 10:00 AM Existing Home Sales Sep -
Oct 20 10:00 AM Philadelphia Fed Oct
Oct 20 10:00 AM Leading Indicators
Market Outlook October 19 2011
Volume was low on Monday’s decline. It was quite high on yesterday’s rally. That is a good sign the marked is ready to surge. It appears the 50 DMA trend line is about to be broken on the upside. Short sellers are selling just small amounts of stock on each trade letting buyers quickly move the individual stocks up in price. The WSJ today said that buyers are seeing that the short sellers have started unloading but still buyers are complaining that they cannot take a position without causing the stock they want to swing sharply upward.
When the Berlin stripper finally does her act the stock market could gap up rapidly.
Stocks could have to rise an additional 3% from here to trigger a short squeeze, but if it does the market could be up more than 15.0% from the low by Christmas. We do not believe a new market high will be hit this year… but many market losses could be recovered.
We still expect a normal advance of at least 50% of the total recent decline and possibly as much as 90% recovery. For that to happen the 50DayMovingAverage (green line) must move above the 100 DMA (red line). The market is moving though a resistance area now, the 50 DMA. See:
http://finance.yahoo.com/q/ta?s=^NYA&t=2y&l=on&z=l&q=l&p=e50%2Ce100&a=&c=
America has not had a double dip recession. Starting in April, the banks began net loaning of money to small corporations. Since August, international trade continued to recover. See 1yr chart. You may need to cut and paste this in:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stocks were up last night. China down –0.3%, Hong Kong up 1.3%, India up 2%, Seoul up 0.9%, and Japan up 0.4%. Asia’s move usually follows America’s move the previous day.
European markets are up today in a range 0.3% to 1.5% half way through their day. Europe’s move usually follows America’s move the previous day and then American futures.
American market futures are in a range of –0.4% to 0.4% at 7:30 AM EST. US market futures rarely have any predictive correlation.
Tuesday, October 18, 2011
US banks will get some mortgage relief and some homeowners will get refinancing and lower payments.
US banks will get some mortgage relief and some homeowners will get refinancing and lower payments. But for the time being the other 80%, the mortgage investors would not get relief. By letting Goldman become a chartered US Bank, Goldman now is eligible for this kind of taxpayer relief. Goldman deserves to lose its charter for its part in the Liar Loan corruption scandal. Goldman should be allowed to fail.
By buying insurance policies for “Liar Loan” derivatives, Goldman had the most to gain if the American economy collapsed. They also profited big with the collapse of competitors such as the Lehman Bro’s that took the fall to cover the Washington/Wall Street corruption with a maze of worthless derivative paper. It took big bonuses, golden parachutes and a threat of a claw-back to make sure the villains of Wall Street kept quiet. Wall street flooded Obama with campaign contributions because it was poetic justice for the socialist Liar-Loan corruption that made so much profit for wall street and bankrupted so many of the middle class home owners. The demise of the economy would come back to roost on the head of a socialist president willing to take the blame liar Loans and Wall Street and blame it on Republicans and American free enterprise instead.
World markets
. Thus Deutsche Bank imbeciles will bear the brunt of defaults unless they can get the idiot who is the American Treasury Secretary to have America foot the bill through the IMF. Geithner keeps hanging around the corner acting like he wants to be a fool for the strip tease from Berlin. Geithner is such an idiot he just can’t stay away. And every time Merkle sees Geithner’s stupid grin, the strip tease of Berlin steps back into the shadows saying come and get it… you moron. If Geithner could be handcuffed in a padded cell for a day or two Merkle would strip Greece naked and the Greek bank stripping show staring Merkle would finally be over.
Moody's said on Monday it might slap a negative outlook on France’s Aaa credit rating in the next three months if the costs for helping to bail out banks and other Euro zone members stretch its budget too much.
HSBC is abandoning the U.A.E. stock market as theocratic socialists have little interest in free enterprise and U.A.E. has little free enterprise to begin with. Trading volume in Mid Eastern theocracies and dictatorships is next to nothing anyway.
Josef Ackermann, the head of Deutsche Bank AG (DBK) and chief lobbyist for the world’s largest financial firms, showed just how naïve he is. He has pressed European leaders for months to devise a strategy to end the sovereign debt crisis without apparently realizing the banks he represents are responsible for the debt because they financed it.
American Economy
Last week summary
Initial Claims 10/08 up to 404K from 401K not good
Continuing Claims 10/01 down to 3670K from 3700K not great
Trade Balance Aug grew -$45.6B from -$44.8B worsening
Crude Inventories 10/08 rose 1.344M from the previous decline -4.679M good news
Treasury Budget Sep worsened -$64.0B from a monthly deficit rate of -$34.6B last month. Bad news
Retail Sales Sep rose 1.1% very good news
Retail Sales ex-auto Sep up 0.6% from 0.1% last month
Export Prices ex-ag. Sep stable at 0.3%
Import Prices ex-oil Sep stable at 0.2%
Mich Sentiment Oct 57.5 down again from 59.4 No confidence in Obama.
Business Inventories Aug up 0.5% worse than last month 0.4% increase
Treasury Budget Sep -$64.6B worse than last months -$34.6B
Yesterday
Empire Manufacturing Oct improved slightly to -8.48 from -8.82 better but not good
Industrial Production Sep same at 0.2% good
Capacity Utilization Sep same at 77.4% good
Today
Oct 18 8:30 AM PPI Sep
Oct 18 8:30 AM Core PPI Sep
Oct 18 9:00 AM Net long-term TIC Flows Aug
Oct 18 10:00 AM NAHB Housing Market Index Oct
This week
Oct 19 7:00 AM MBA Mortgage Index 10/15
Oct 19 8:30 AM CPI Sep
Oct 19 8:30 AM Core CPI Sep
Oct 19 8:30 AM Housing Starts Sep
Oct 19 8:30 AM Building Permits Sep
Oct 19 10:30 AM Crude Inventories 10/15 -
Oct 19 2:00 PM Fed's Beige Book Oct
Oct 20 8:30 AM Initial Claims 10/15
Oct 20 8:30 AM Continuing Claims 10/08
Oct 20 10:00 AM Existing Home Sales Sep -
Oct 20 10:00 AM Philadelphia Fed Oct
Oct 20 10:00 AM Leading Indicators
Market Outlook October 18 2011
If Geithner and Obama could just stay away from Europe for a while instead of posing Merkle would get the message that America will not bail them out through the World Bank. Then finally this crisis would get behind us.
Volume was relatively low on yesterday’s decline. And unfortunately it was not high on the recent rally either. It appears the 50 DMA trend line is about to be broken on the upside. Short sellers are selling just small amounts of stock on each trade letting buyers quickly move the individual stocks up in price. The WSJ today said that buyers are seeing that the short sellers have started unloading but still buyers are complaining that they cannot take a position without causing the stock they want to swing sharply upward. Buyers like to buy everything in one fell swoop at their target price. They do not want to be nickled and dimed with transaction fees when no one will sell to them in large quantities. One way to look at this phenomenon is the small short sellers are now unloading but the large short sellers are holding while the big funds are now buying. This would explain the large price swings we see on low volume. It means that when the Berlin stripper finally does her act the stock market could gap up rapidly which usually means we will be down in this territory visiting again in the future.
Stocks could have to rise an additional 4% from here to trigger a short squeeze, but if it does the market could be up more than 15.0% from the low by Christmas. We do not believe a new market high will be hit this year… but many market losses could be recovered.
We still expect a normal advance of at least 50% of the total recent decline and possibly as much as 90% recovery. For that to happen the 50DayMovingAverage (green line) must move above the 100 DMA (red line). The market is moving though a resistance area now, the 50 DMA. See:
http://finance.yahoo.com/q/ta?s=^NYA&t=2y&l=on&z=l&q=l&p=e50%2Ce100&a=&c=
America has not had a double dip recession. Starting in April, the banks began net loaning of money to small corporations. Since August, international trade continued to recover. See 1yr chart. You may need to cut and paste this in:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stocks were down last night. China down –2.3%, Hong Kong down –4.2%, India down –1.6%, Seoul down -1.4%, and Japan down -1.6%. Asia’s move usually follows America’s move the previous day.
European markets are down today in a range –0.4% to -4% half way through their day. Europe’s move usually follows America’s move the previous day and the American futures.
American market futures are down in a range of –0.2% to –0.6% at 8 AM EST. US market futures rarely have any predictive correlation.
By buying insurance policies for “Liar Loan” derivatives, Goldman had the most to gain if the American economy collapsed. They also profited big with the collapse of competitors such as the Lehman Bro’s that took the fall to cover the Washington/Wall Street corruption with a maze of worthless derivative paper. It took big bonuses, golden parachutes and a threat of a claw-back to make sure the villains of Wall Street kept quiet. Wall street flooded Obama with campaign contributions because it was poetic justice for the socialist Liar-Loan corruption that made so much profit for wall street and bankrupted so many of the middle class home owners. The demise of the economy would come back to roost on the head of a socialist president willing to take the blame liar Loans and Wall Street and blame it on Republicans and American free enterprise instead.
World markets
. Thus Deutsche Bank imbeciles will bear the brunt of defaults unless they can get the idiot who is the American Treasury Secretary to have America foot the bill through the IMF. Geithner keeps hanging around the corner acting like he wants to be a fool for the strip tease from Berlin. Geithner is such an idiot he just can’t stay away. And every time Merkle sees Geithner’s stupid grin, the strip tease of Berlin steps back into the shadows saying come and get it… you moron. If Geithner could be handcuffed in a padded cell for a day or two Merkle would strip Greece naked and the Greek bank stripping show staring Merkle would finally be over.
Moody's said on Monday it might slap a negative outlook on France’s Aaa credit rating in the next three months if the costs for helping to bail out banks and other Euro zone members stretch its budget too much.
HSBC is abandoning the U.A.E. stock market as theocratic socialists have little interest in free enterprise and U.A.E. has little free enterprise to begin with. Trading volume in Mid Eastern theocracies and dictatorships is next to nothing anyway.
Josef Ackermann, the head of Deutsche Bank AG (DBK) and chief lobbyist for the world’s largest financial firms, showed just how naïve he is. He has pressed European leaders for months to devise a strategy to end the sovereign debt crisis without apparently realizing the banks he represents are responsible for the debt because they financed it.
American Economy
Last week summary
Initial Claims 10/08 up to 404K from 401K not good
Continuing Claims 10/01 down to 3670K from 3700K not great
Trade Balance Aug grew -$45.6B from -$44.8B worsening
Crude Inventories 10/08 rose 1.344M from the previous decline -4.679M good news
Treasury Budget Sep worsened -$64.0B from a monthly deficit rate of -$34.6B last month. Bad news
Retail Sales Sep rose 1.1% very good news
Retail Sales ex-auto Sep up 0.6% from 0.1% last month
Export Prices ex-ag. Sep stable at 0.3%
Import Prices ex-oil Sep stable at 0.2%
Mich Sentiment Oct 57.5 down again from 59.4 No confidence in Obama.
Business Inventories Aug up 0.5% worse than last month 0.4% increase
Treasury Budget Sep -$64.6B worse than last months -$34.6B
Yesterday
Empire Manufacturing Oct improved slightly to -8.48 from -8.82 better but not good
Industrial Production Sep same at 0.2% good
Capacity Utilization Sep same at 77.4% good
Today
Oct 18 8:30 AM PPI Sep
Oct 18 8:30 AM Core PPI Sep
Oct 18 9:00 AM Net long-term TIC Flows Aug
Oct 18 10:00 AM NAHB Housing Market Index Oct
This week
Oct 19 7:00 AM MBA Mortgage Index 10/15
Oct 19 8:30 AM CPI Sep
Oct 19 8:30 AM Core CPI Sep
Oct 19 8:30 AM Housing Starts Sep
Oct 19 8:30 AM Building Permits Sep
Oct 19 10:30 AM Crude Inventories 10/15 -
Oct 19 2:00 PM Fed's Beige Book Oct
Oct 20 8:30 AM Initial Claims 10/15
Oct 20 8:30 AM Continuing Claims 10/08
Oct 20 10:00 AM Existing Home Sales Sep -
Oct 20 10:00 AM Philadelphia Fed Oct
Oct 20 10:00 AM Leading Indicators
Market Outlook October 18 2011
If Geithner and Obama could just stay away from Europe for a while instead of posing Merkle would get the message that America will not bail them out through the World Bank. Then finally this crisis would get behind us.
Volume was relatively low on yesterday’s decline. And unfortunately it was not high on the recent rally either. It appears the 50 DMA trend line is about to be broken on the upside. Short sellers are selling just small amounts of stock on each trade letting buyers quickly move the individual stocks up in price. The WSJ today said that buyers are seeing that the short sellers have started unloading but still buyers are complaining that they cannot take a position without causing the stock they want to swing sharply upward. Buyers like to buy everything in one fell swoop at their target price. They do not want to be nickled and dimed with transaction fees when no one will sell to them in large quantities. One way to look at this phenomenon is the small short sellers are now unloading but the large short sellers are holding while the big funds are now buying. This would explain the large price swings we see on low volume. It means that when the Berlin stripper finally does her act the stock market could gap up rapidly which usually means we will be down in this territory visiting again in the future.
Stocks could have to rise an additional 4% from here to trigger a short squeeze, but if it does the market could be up more than 15.0% from the low by Christmas. We do not believe a new market high will be hit this year… but many market losses could be recovered.
We still expect a normal advance of at least 50% of the total recent decline and possibly as much as 90% recovery. For that to happen the 50DayMovingAverage (green line) must move above the 100 DMA (red line). The market is moving though a resistance area now, the 50 DMA. See:
http://finance.yahoo.com/q/ta?s=^NYA&t=2y&l=on&z=l&q=l&p=e50%2Ce100&a=&c=
America has not had a double dip recession. Starting in April, the banks began net loaning of money to small corporations. Since August, international trade continued to recover. See 1yr chart. You may need to cut and paste this in:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stocks were down last night. China down –2.3%, Hong Kong down –4.2%, India down –1.6%, Seoul down -1.4%, and Japan down -1.6%. Asia’s move usually follows America’s move the previous day.
European markets are down today in a range –0.4% to -4% half way through their day. Europe’s move usually follows America’s move the previous day and the American futures.
American market futures are down in a range of –0.2% to –0.6% at 8 AM EST. US market futures rarely have any predictive correlation.
Monday, October 17, 2011
Jefferson assured John Adams, “the Flames kindled on the fourth of July" had spread over too much of the globe ever to be extinguished by the forces
Geithner and Obama may help bail out Europe on the back of American taxpayers though the IMF. It is fun to watch democrat-socialists say on television how they feel it is their privilege to pay taxes and then read how Geithner, the socialist Secretary of the American Treasury had to pay up his tax fraud before Obama would appoint him. If socialists like taxes why did Obama have a record number of three tax cheats among his appointments. Two of his three tax cheating appointments had to withdraw because what they did was too embarrassing. They claim Geitner only hid about $30000 of foreign income and he paid it back just in time for his appointment.
Jefferson assured John Adams, “the Flames kindled on the fourth of July" had spread over too much of the globe ever to be extinguished by the forces of despotism and reaction.” But Jefferson, the founder of the Democratic Party, did not anticipate Obama. Obama just eclipsed Jefferson with a similar sized monument to Martin who couldn’t hold a candle to Jefferson or to Martin Luther.
By buying insurance policies for “Liar Loan” derivatives, Goldman Sucks had the most to gain if the American economy collapsed. They also profited big with the collapse of competitors such as the Lehman Bro’s that took the fall to cover the Washington/Wall Street corruption with a maze of worthless derivative paper. It took big bonuses, golden parachutes and a threat of a claw-back to make sure the villains of Wall Street kept quiet. Wall street flooded Obama with campaign contributions because it was poetic justice for the socialist corruption that made so much profit for wall street and bankrupted so many of the middle class home owners. The economy demise of the economy would come back to roost on the empty head of a socialist president willing to take the fall for Wall Street and blame it on Republicans and American free enterprise.
Alan Greenspan had very little to do with the housing bubble. Greenspan is philosophically an Objectivist and you have to read Atlas Shrugged to understand it would be impossible for him to have been involved. And so people who blame Greenspan are very, very stupid conservatives or just normal stupid leftists. It is amazing how many conservatives believe Greenspan had any knowledge of the Liar Loan housing bubble Dodd and Barney Frank created. It was not an economic bubble it was a political corruption bubble.
Americans did not understand that the Senate Banking Committee was driving private banks out of mortgages essentially nationalized housing. Holding companies then took the Federally insured mortgage notes and bundled them into AAA rated federally insured vehicles. Then when questioned about the fact that possibly the Treasury might not stand behind some that defaulted, they created “Tranches” (slices, Fr) called financial derivatives. Those corporations that incurred defaults were segregated and bundled together and not marketed so the world would not know the “US Senate Liar Loan Mandate” was unraveling. The financial derivatives were created to hide the fact that the US Senate Banking Committee had committed the greatest fraud in the history of the world. The Lehman Bro.’s and Goldman Sucks of the world traded the worthless derivatives to each other at their full value so the world would not know they were becoming worthless. But you see they expected the recession would end quickly and home prices would rise and their worthless “Tranche” derivatives would regain their value. To further cover this “Ponzi Scheme” based on housing price increases, they invented a new insurance derivative that was a form of insurance against failure of these “S&P AAA” rated derivatives. When Goldman Sucks realized the recession would “pop” their “Ponzi scheme” Goldman Sucks not only insured what they had… they bought more inexpensive insurance swaps than they needed and it was legal under the US Senate Banking Commission opinion to insure more liabilities than existed. Suddenly, the US Senate Banking Commission had created an America where there was “BIG MONEY” to be made destroying the American economy because Goldman Sucks and other financial firms could make more money if American housing collapsed than they could holding worthless housing derivatives.
Obama continues to pursue the goals of his state of confusion address. Yes government can create jobs when it helps business by supporting real research and development (R&D). The problem is that Obama does not understand why 30-yr. old solar cell technology is not research and development. Windmills and solar energy and biogas are the technologies of the “3rd World” backward peoples like Nigeria and Indonesia where Obama comes from, not the industrialized western world, which Obama hates. The answer is still gas and nuclear energy but nothing that GE/Pravda produces. GE has made all the free world's defective nuclear plants that fail everywhere and most recently crippled Japan’s economy.
World markets
HSBC is abandoning the U.A.E. stock market as theocratic socialists have little interest in free enterprise and U.A.E. has little free enterprise to begin with. Trading volume in Mid Eastern theocracies and dictatorships is next to nothing anyway.
Josef Ackermann, the head of Deutsche Bank AG (DBK) and chief lobbyist for the world’s largest financial firms, showed just how naïve he is. He has pressed European leaders for months to devise a strategy to end the sovereign debt crisis without apparently realizing the banks he represents are responsible for the debt because they financed it. Thus the apparent Deutsche Bank imbeciles will bear the brunt of defaults unless they can get the idiot who is the American Treasury Secretary to have America foot the bill through the IMF.
World stocks are under-priced but gold and silver have a long way to fall.
American Economy
Last week summary
Initial Claims 10/08 up to 404K from 401K not good
Continuing Claims 10/01 down to 3670K from 3700K not great
Trade Balance Aug grew -$45.6B from -$44.8B worsening
Crude Inventories 10/08 rose 1.344M from the previous decline -4.679M good news
Treasury Budget Sep worsened -$64.0B from a monthly deficit rate of -$34.6B last month. Bad news
Friday
Retail Sales Sep rose 1.1% very good news
Retail Sales ex-auto Sep up 0.6% from 0.1% last month
Export Prices ex-ag. Sep stable at 0.3%
Import Prices ex-oil Sep stable at 0.2%
Mich Sentiment Oct 57.5 down again from 59.4 No confidence in Obama.
Business Inventories Aug up 0.5% worse than last month 0.4% increase
Treasury Budget Sep -$64.6B worse than last months -$34.6B
Today
Oct 17 8:30 AM Empire Manufacturing Oct
Oct 17 9:15 AM Industrial Production Sep
Oct 17 9:15 AM Capacity Utilization Sep
This week
Oct 18 8:30 AM PPI Sep
Oct 18 8:30 AM Core PPI Sep
Oct 18 9:00 AM Net long-term TIC Flows Aug
Oct 18 10:00 AM NAHB Housing Market Index Oct
Oct 19 7:00 AM MBA Mortgage Index 10/15
Oct 19 8:30 AM CPI Sep
Oct 19 8:30 AM Core CPI Sep
Oct 19 8:30 AM Housing Starts Sep
Oct 19 8:30 AM Building Permits Sep
Oct 19 10:30 AM Crude Inventories 10/15 -
Oct 19 2:00 PM Fed's Beige Book Oct
Oct 20 8:30 AM Initial Claims 10/15
Oct 20 8:30 AM Continuing Claims 10/08
Oct 20 10:00 AM Existing Home Sales Sep -
Oct 20 10:00 AM Philadelphia Fed Oct
Oct 20 10:00 AM Leading Indicators
Market Outlook October 17 2011
Merger mania is returning with today’s bargain prices. Mergers remove stocks for sale and infuse the market with cash to buy more stock. Therefore it is a two for one boon to the stock market. The energy sector will get a $21Billion shot in the arm from Kinder Morgan.
Tea Party people who dislike Obama seem to be the focus of the gold fraud going on now. It is highly probable that very little gold is actually being transferred and the fraud is by fly by night operators selling gold they do not possess so that when the price drops they can pocket most of the cash being thrown away. If it were Obama’s people buying the gold the sellers would be investigated by the Federal Government and shut down. But Obama loves the idea that the suckers are mostly from the Tea Party.
Stocks could have to rise an additional 2.4% from here to trigger a short squeeze, but if they do the market could be up more than 15.0% from the low by Christmas. Stocks are such a bargain; China is investing excess cash in their own market and is buying international companies at bargain prices. American corporations remain sitting on record cash levels and their own companies are often their best investment at these stock prices. However, we do not believe a new market high will be hit this year… but many market losses could be recovered.
We still expect a normal advance of at least 50% of the total recent decline and possibly as much as 90% recovery. For that to happen the 50DayMovingAverage (green line) must move above the 100 DMA (red line). But when it approaches the high it will be time to lighten up on equities again. The market is moving though a resistance area now, the 50 DMA. See:
http://finance.yahoo.com/q/ta?s=^NYA&t=2y&l=on&z=l&q=l&p=e50%2Ce100&a=&c=
We believe America will not have a double dip recession. Since August, international trade continues to recover. See 1yr chart. You may need to cut and paste this in:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stocks were up last night. China up 0.4%, Hong Kong up 2%, India down –0.3%, Seoul up 1.6%, and Japan up 1.5%.
European markets are mixed today in a range –0.4% to +0.3% half way through their day.
American market futures are mixed with NASDAQ up and the DOW down slightly at 8 AM EST. US market futures rarely have any predictive correlation.
Jefferson assured John Adams, “the Flames kindled on the fourth of July" had spread over too much of the globe ever to be extinguished by the forces of despotism and reaction.” But Jefferson, the founder of the Democratic Party, did not anticipate Obama. Obama just eclipsed Jefferson with a similar sized monument to Martin who couldn’t hold a candle to Jefferson or to Martin Luther.
By buying insurance policies for “Liar Loan” derivatives, Goldman Sucks had the most to gain if the American economy collapsed. They also profited big with the collapse of competitors such as the Lehman Bro’s that took the fall to cover the Washington/Wall Street corruption with a maze of worthless derivative paper. It took big bonuses, golden parachutes and a threat of a claw-back to make sure the villains of Wall Street kept quiet. Wall street flooded Obama with campaign contributions because it was poetic justice for the socialist corruption that made so much profit for wall street and bankrupted so many of the middle class home owners. The economy demise of the economy would come back to roost on the empty head of a socialist president willing to take the fall for Wall Street and blame it on Republicans and American free enterprise.
Alan Greenspan had very little to do with the housing bubble. Greenspan is philosophically an Objectivist and you have to read Atlas Shrugged to understand it would be impossible for him to have been involved. And so people who blame Greenspan are very, very stupid conservatives or just normal stupid leftists. It is amazing how many conservatives believe Greenspan had any knowledge of the Liar Loan housing bubble Dodd and Barney Frank created. It was not an economic bubble it was a political corruption bubble.
Americans did not understand that the Senate Banking Committee was driving private banks out of mortgages essentially nationalized housing. Holding companies then took the Federally insured mortgage notes and bundled them into AAA rated federally insured vehicles. Then when questioned about the fact that possibly the Treasury might not stand behind some that defaulted, they created “Tranches” (slices, Fr) called financial derivatives. Those corporations that incurred defaults were segregated and bundled together and not marketed so the world would not know the “US Senate Liar Loan Mandate” was unraveling. The financial derivatives were created to hide the fact that the US Senate Banking Committee had committed the greatest fraud in the history of the world. The Lehman Bro.’s and Goldman Sucks of the world traded the worthless derivatives to each other at their full value so the world would not know they were becoming worthless. But you see they expected the recession would end quickly and home prices would rise and their worthless “Tranche” derivatives would regain their value. To further cover this “Ponzi Scheme” based on housing price increases, they invented a new insurance derivative that was a form of insurance against failure of these “S&P AAA” rated derivatives. When Goldman Sucks realized the recession would “pop” their “Ponzi scheme” Goldman Sucks not only insured what they had… they bought more inexpensive insurance swaps than they needed and it was legal under the US Senate Banking Commission opinion to insure more liabilities than existed. Suddenly, the US Senate Banking Commission had created an America where there was “BIG MONEY” to be made destroying the American economy because Goldman Sucks and other financial firms could make more money if American housing collapsed than they could holding worthless housing derivatives.
Obama continues to pursue the goals of his state of confusion address. Yes government can create jobs when it helps business by supporting real research and development (R&D). The problem is that Obama does not understand why 30-yr. old solar cell technology is not research and development. Windmills and solar energy and biogas are the technologies of the “3rd World” backward peoples like Nigeria and Indonesia where Obama comes from, not the industrialized western world, which Obama hates. The answer is still gas and nuclear energy but nothing that GE/Pravda produces. GE has made all the free world's defective nuclear plants that fail everywhere and most recently crippled Japan’s economy.
World markets
HSBC is abandoning the U.A.E. stock market as theocratic socialists have little interest in free enterprise and U.A.E. has little free enterprise to begin with. Trading volume in Mid Eastern theocracies and dictatorships is next to nothing anyway.
Josef Ackermann, the head of Deutsche Bank AG (DBK) and chief lobbyist for the world’s largest financial firms, showed just how naïve he is. He has pressed European leaders for months to devise a strategy to end the sovereign debt crisis without apparently realizing the banks he represents are responsible for the debt because they financed it. Thus the apparent Deutsche Bank imbeciles will bear the brunt of defaults unless they can get the idiot who is the American Treasury Secretary to have America foot the bill through the IMF.
World stocks are under-priced but gold and silver have a long way to fall.
American Economy
Last week summary
Initial Claims 10/08 up to 404K from 401K not good
Continuing Claims 10/01 down to 3670K from 3700K not great
Trade Balance Aug grew -$45.6B from -$44.8B worsening
Crude Inventories 10/08 rose 1.344M from the previous decline -4.679M good news
Treasury Budget Sep worsened -$64.0B from a monthly deficit rate of -$34.6B last month. Bad news
Friday
Retail Sales Sep rose 1.1% very good news
Retail Sales ex-auto Sep up 0.6% from 0.1% last month
Export Prices ex-ag. Sep stable at 0.3%
Import Prices ex-oil Sep stable at 0.2%
Mich Sentiment Oct 57.5 down again from 59.4 No confidence in Obama.
Business Inventories Aug up 0.5% worse than last month 0.4% increase
Treasury Budget Sep -$64.6B worse than last months -$34.6B
Today
Oct 17 8:30 AM Empire Manufacturing Oct
Oct 17 9:15 AM Industrial Production Sep
Oct 17 9:15 AM Capacity Utilization Sep
This week
Oct 18 8:30 AM PPI Sep
Oct 18 8:30 AM Core PPI Sep
Oct 18 9:00 AM Net long-term TIC Flows Aug
Oct 18 10:00 AM NAHB Housing Market Index Oct
Oct 19 7:00 AM MBA Mortgage Index 10/15
Oct 19 8:30 AM CPI Sep
Oct 19 8:30 AM Core CPI Sep
Oct 19 8:30 AM Housing Starts Sep
Oct 19 8:30 AM Building Permits Sep
Oct 19 10:30 AM Crude Inventories 10/15 -
Oct 19 2:00 PM Fed's Beige Book Oct
Oct 20 8:30 AM Initial Claims 10/15
Oct 20 8:30 AM Continuing Claims 10/08
Oct 20 10:00 AM Existing Home Sales Sep -
Oct 20 10:00 AM Philadelphia Fed Oct
Oct 20 10:00 AM Leading Indicators
Market Outlook October 17 2011
Merger mania is returning with today’s bargain prices. Mergers remove stocks for sale and infuse the market with cash to buy more stock. Therefore it is a two for one boon to the stock market. The energy sector will get a $21Billion shot in the arm from Kinder Morgan.
Tea Party people who dislike Obama seem to be the focus of the gold fraud going on now. It is highly probable that very little gold is actually being transferred and the fraud is by fly by night operators selling gold they do not possess so that when the price drops they can pocket most of the cash being thrown away. If it were Obama’s people buying the gold the sellers would be investigated by the Federal Government and shut down. But Obama loves the idea that the suckers are mostly from the Tea Party.
Stocks could have to rise an additional 2.4% from here to trigger a short squeeze, but if they do the market could be up more than 15.0% from the low by Christmas. Stocks are such a bargain; China is investing excess cash in their own market and is buying international companies at bargain prices. American corporations remain sitting on record cash levels and their own companies are often their best investment at these stock prices. However, we do not believe a new market high will be hit this year… but many market losses could be recovered.
We still expect a normal advance of at least 50% of the total recent decline and possibly as much as 90% recovery. For that to happen the 50DayMovingAverage (green line) must move above the 100 DMA (red line). But when it approaches the high it will be time to lighten up on equities again. The market is moving though a resistance area now, the 50 DMA. See:
http://finance.yahoo.com/q/ta?s=^NYA&t=2y&l=on&z=l&q=l&p=e50%2Ce100&a=&c=
We believe America will not have a double dip recession. Since August, international trade continues to recover. See 1yr chart. You may need to cut and paste this in:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stocks were up last night. China up 0.4%, Hong Kong up 2%, India down –0.3%, Seoul up 1.6%, and Japan up 1.5%.
European markets are mixed today in a range –0.4% to +0.3% half way through their day.
American market futures are mixed with NASDAQ up and the DOW down slightly at 8 AM EST. US market futures rarely have any predictive correlation.
Friday, October 14, 2011
Obama has been naïve and has been mislead by Bernanke. The American corporations are not cash rich and debt free like the Chinese corporations
The FED is lowering long term rates to prolong the day of reckoning of debt liquidation. It is causing the build up of corporation cash so those corporations can liquidate their debt when interest rates increase. This is very important information we need to tell people. Obama has been naïve and has been mislead by Bernanke. The American corporations are not cash rich and debt free like the Chinese corporations. The American corporations still have high debt and are only carrying cash as insurance against default for when Bernanke lets rates rise and suddenly they can no longer afford to have high debt loads. In other words Bernanke is turning the Obama recession into an Obama depression by setting rates such that the free world hoards American dollars. With everyone hoarding American dollars Bernanke is doing the opposite of what China does. Bernanke is keeping the dollar artificially strong and all that does is make our products too expensive and our labor and corporations noncompetitive. China hoards our dollars too and in the process sells us more goods. Bernanke is setting America up for a damaging collapse of the American currency and a Great Worldwide Depression that will be blamed on Obama. Obama is ready to start a trade war with China accusing China of keeping the dollar strong but in fact Bernanke is the one encouraging dollar hoarding as insurance against default. The cash on the corporation balance sheet also fools investors. When interest rates rise corporations will need to use the cash to liquidate debts. We can’t grow out of the Obama recession/depression until we liquidate much of the debt.
Obama continues to pursue the goals of his state of confusion address. Yes government can create jobs when it helps business by supporting research and development (R&D). The problem is that Obama does not understand why 30-yr. old solar cell technology is not research and development. Windmills and solar energy and biogas are the technologies of the “3rd World” backward peoples like Nigeria and Indonesia where Obama comes from, not the industrialized western world, which Obama hates. The answer is still gas and nuclear energy but nothing that GE/Pravda produces. GE has made all the free world's defective nuclear plants that fail everywhere and most recently crippled Japan’s economy.
Oracle stock price surged on improved analytics earnings last month. SAP just reported third-quarter earnings beat analysts’ estimates as new mobile and real-time analytics boosted sales. Analytics are tools that help you search and mine data to extract useful knowledge.
Billionaire Raj Rajaratnam was sentenced to 11 years in prison and fined $10 million for his role in one of the biggest insider trading cases in decades.
World markets
Nations from China to Brazil are considering increasing the International Monetary Fund’s lending resources to help stem the European debt crisis. Of course primarily America funds the IMF, the UN and most world organizations and that needs to change.
Spain’s debt was downgraded again.
World stocks are under-priced but gold and silver have a long way to fall.
American Economy
Last week summary
ISM Index Sep manufacturing rose 2% to 51.6 from 50.6 in August …good
Construction Spending Aug rose 1.4% after retreating -1.3% in August …good
Auto/truck Sales Sep Chrysler sales climbed 27 percent, GM deliveries rose 20 percent, and Ford sales increased 9 percent the companies said in separate statements. …good
Nonfarm private and government Payrolls Sep 103K up from 0K …good
Nonfarm Private Payrolls Sep 137K up from 17K …good
Unemployment Rate Sep 9.1% unchanged …good
Hourly Earnings Sep up 0.2% after declining -0.1% last month…good
Average Workweek Sep 34.3 up from 34.2- …good
Wholesale Inventories Aug 0.4% down from 0.8% …good
FOMC Minutes Sep. 21 inflation appeared to have moderated since earlier in the year as prices of energy and some commodities had declined from their recent peaks
MBA Mortgage Index 10/08 rose 1.3% much better than the-4.3% last month. Now the housing industry is beginning to finally rise.
Yesterday
Initial Claims 10/08 up to 404K from 401K not good
Continuing Claims 10/01 down to 3670K from 3700K not great
Trade Balance Aug grew -$45.6B from -$44.8B worsening
Crude Inventories 10/08 rose 1.344M from the previous decline -4.679M good news
Treasury Budget Sep worsened -$64.0B from a monthly deficit rate of -$34.6B last month. Bad news
Today
Oct 14 8:30 AM Retail Sales Sep
Oct 14 8:30 AM Retail Sales ex-auto Sep
Oct 14 8:30 AM Export Prices ex-ag. Sep
Oct 14 8:30 AM Import Prices ex-oil Sep
Oct 14 9:55 AM Mich Sentiment Oct
Oct 14 10:00 AM Business Inventories Aug
Market Outlook October 14 2011
Hedge funds, especially those that invested in gold have reported losses and heavy selling. Several are considering closing down. Yet the gold hawkers are lying louder than ever trying to get rid of what they own by selling to people who believe in a doomsday coming. But the doomsday is not German 1920’s inflation. That was a nation defeated in WWI burdened with all the debt France could load on it and that hyperinflation has never been repeated in a civilized country. You have to go to Obama’s homeland to expect that disaster. Perhaps Obama’s ignorance is the cause of the fear of hyperinflation, but Obama hasn’t power to force the FED in that direction.
Tea Party people who dislike Obama seem to be the focus of the gold fraud going on. It is highly probable that little gold is being transferred and they are selling gold they do not have so that when the price drops they can pocket most of the cash being invested. If it were Obama people buying the gold they would be investigated by the Federal Government and shut down. But Obama loves the idea that conservatives are about to loose their pants now that the legitimate gold investing hedge funds have lost their shirts.
Stocks could have to rise an additional 2.5% from here to trigger a short squeeze, but if they do the market could be up more than 15% from the low by Christmas. Stocks are such a bargain; China is investing excess cash in their own market and is buying international companies at bargain prices. American corporations remain sitting on record cash levels and their own companies are often their best investment at these stock prices. However, we do not believe a new market high will be hit this year… but many market losses could be recovered.
We still expect a normal advance of at least 50% of the total recent decline and possibly as much as 90% recovery. For that to happen the 50DayMovingAverage (green line) must move above the 100 DMA (red line). But then it will be time to lighten up on equities again. The market is moving though a resistance area now, the 50 DMA. See:
http://finance.yahoo.com/q/ta?s=^NYA&t=2y&l=on&z=l&q=l&p=e50%2Ce100&a=&c=
We believe America will not have a double dip recession. Since August, international trade continues to recover. See 1yr chart. You need to cut and paste this in:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stocks were down last night. China down -0.3%, Hong Kong down -1.4%, India up 1.2%, Seoul up 0.7%, and Japan down –0.9%.
European markets are up significantly today in a range 0.6% to 1.5% half way through their day.
American market futures are up about 0.75% at 8 AM EST. US market futures rarely have any predictive correlation.
Obama continues to pursue the goals of his state of confusion address. Yes government can create jobs when it helps business by supporting research and development (R&D). The problem is that Obama does not understand why 30-yr. old solar cell technology is not research and development. Windmills and solar energy and biogas are the technologies of the “3rd World” backward peoples like Nigeria and Indonesia where Obama comes from, not the industrialized western world, which Obama hates. The answer is still gas and nuclear energy but nothing that GE/Pravda produces. GE has made all the free world's defective nuclear plants that fail everywhere and most recently crippled Japan’s economy.
Oracle stock price surged on improved analytics earnings last month. SAP just reported third-quarter earnings beat analysts’ estimates as new mobile and real-time analytics boosted sales. Analytics are tools that help you search and mine data to extract useful knowledge.
Billionaire Raj Rajaratnam was sentenced to 11 years in prison and fined $10 million for his role in one of the biggest insider trading cases in decades.
World markets
Nations from China to Brazil are considering increasing the International Monetary Fund’s lending resources to help stem the European debt crisis. Of course primarily America funds the IMF, the UN and most world organizations and that needs to change.
Spain’s debt was downgraded again.
World stocks are under-priced but gold and silver have a long way to fall.
American Economy
Last week summary
ISM Index Sep manufacturing rose 2% to 51.6 from 50.6 in August …good
Construction Spending Aug rose 1.4% after retreating -1.3% in August …good
Auto/truck Sales Sep Chrysler sales climbed 27 percent, GM deliveries rose 20 percent, and Ford sales increased 9 percent the companies said in separate statements. …good
Nonfarm private and government Payrolls Sep 103K up from 0K …good
Nonfarm Private Payrolls Sep 137K up from 17K …good
Unemployment Rate Sep 9.1% unchanged …good
Hourly Earnings Sep up 0.2% after declining -0.1% last month…good
Average Workweek Sep 34.3 up from 34.2- …good
Wholesale Inventories Aug 0.4% down from 0.8% …good
FOMC Minutes Sep. 21 inflation appeared to have moderated since earlier in the year as prices of energy and some commodities had declined from their recent peaks
MBA Mortgage Index 10/08 rose 1.3% much better than the-4.3% last month. Now the housing industry is beginning to finally rise.
Yesterday
Initial Claims 10/08 up to 404K from 401K not good
Continuing Claims 10/01 down to 3670K from 3700K not great
Trade Balance Aug grew -$45.6B from -$44.8B worsening
Crude Inventories 10/08 rose 1.344M from the previous decline -4.679M good news
Treasury Budget Sep worsened -$64.0B from a monthly deficit rate of -$34.6B last month. Bad news
Today
Oct 14 8:30 AM Retail Sales Sep
Oct 14 8:30 AM Retail Sales ex-auto Sep
Oct 14 8:30 AM Export Prices ex-ag. Sep
Oct 14 8:30 AM Import Prices ex-oil Sep
Oct 14 9:55 AM Mich Sentiment Oct
Oct 14 10:00 AM Business Inventories Aug
Market Outlook October 14 2011
Hedge funds, especially those that invested in gold have reported losses and heavy selling. Several are considering closing down. Yet the gold hawkers are lying louder than ever trying to get rid of what they own by selling to people who believe in a doomsday coming. But the doomsday is not German 1920’s inflation. That was a nation defeated in WWI burdened with all the debt France could load on it and that hyperinflation has never been repeated in a civilized country. You have to go to Obama’s homeland to expect that disaster. Perhaps Obama’s ignorance is the cause of the fear of hyperinflation, but Obama hasn’t power to force the FED in that direction.
Tea Party people who dislike Obama seem to be the focus of the gold fraud going on. It is highly probable that little gold is being transferred and they are selling gold they do not have so that when the price drops they can pocket most of the cash being invested. If it were Obama people buying the gold they would be investigated by the Federal Government and shut down. But Obama loves the idea that conservatives are about to loose their pants now that the legitimate gold investing hedge funds have lost their shirts.
Stocks could have to rise an additional 2.5% from here to trigger a short squeeze, but if they do the market could be up more than 15% from the low by Christmas. Stocks are such a bargain; China is investing excess cash in their own market and is buying international companies at bargain prices. American corporations remain sitting on record cash levels and their own companies are often their best investment at these stock prices. However, we do not believe a new market high will be hit this year… but many market losses could be recovered.
We still expect a normal advance of at least 50% of the total recent decline and possibly as much as 90% recovery. For that to happen the 50DayMovingAverage (green line) must move above the 100 DMA (red line). But then it will be time to lighten up on equities again. The market is moving though a resistance area now, the 50 DMA. See:
http://finance.yahoo.com/q/ta?s=^NYA&t=2y&l=on&z=l&q=l&p=e50%2Ce100&a=&c=
We believe America will not have a double dip recession. Since August, international trade continues to recover. See 1yr chart. You need to cut and paste this in:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stocks were down last night. China down -0.3%, Hong Kong down -1.4%, India up 1.2%, Seoul up 0.7%, and Japan down –0.9%.
European markets are up significantly today in a range 0.6% to 1.5% half way through their day.
American market futures are up about 0.75% at 8 AM EST. US market futures rarely have any predictive correlation.
Thursday, October 13, 2011
Obama continues to pursue the goals of his state of confusion address. . The problem is that Obama does not understand what R&D means.
Obama continues to pursue the goals of his state of confusion address. Yes government can create jobs when it helps business by supporting R&D. The problem is that Obama does not understand why 30-yr. old solar cell technology is not research and development.
The FED minutes show they agreed that it was important to acknowledge, in the statement to be released following the meeting, that economic growth remained slow and that indicators pointed to continuing weakness in overall labor market conditions. It also agreed to note that inflation appeared to have moderated since earlier in the year as prices of energy and some commodities had declined from their recent peaks, and that longer-term inflation expectations remained stable. Members generally continued to expect some pickup in the pace of the economic recovery over coming quarters but anticipated that the unemployment rate would decline only gradually and agreed that there were significant downside risks to the economic outlook, including strains in global financial markets.
It has been reported that 43 companies receiving a total of $333 million from the Texas Enterprise Fund contributed $7 million to various Perry campaigns and support groups. Perry is a former Democrat who tries to look like Reagan, jumps about like a southern evangelist, and says you can force people from Oklahoma to pay full Texas college tuition but you don’t have a heart if you make the illegal Mexican interloper’s children pay full tuition. Herman Cain just took 22% of Perry’s support away in the latest poll. Romney’s support held constant.
Reuters reported that Akamai, whose service improves the performance of websites, is nearing a deal with search giant Google, according to the late Wednesday report by technology blog Business Insider citing "multiple ad tech sources" that were not identified.
World markets
Italy sold 3.5 billion euros of bonds due in 2016 to yield 5.32 percent, compared with a yield of 5.6 percent at the last auction of similar securities on Sept. 13. Demand far exceeded supply.
Hellenic Telecommunications Organization has dropped 84 percent since Deutsche Telekom (DTE) began buying shares in the Greek operator in 2008. The German owner will now try to turnaround the company to recoup some of the 4 billion euros ($5.5 billion) in investments.
Asian stocks rose again posting its greatest six-day advance since early 2009, amid China’s support for the equity market after the valuations dropped to record-low levels. China began buying shares of the nation’s four biggest banks lifting their market. Their housing market in China also appears to be stabilizing.
World optimism that the world economy will not double dip but is in fact growing faster than it has in the previous year means Europe can expect to grow its way out of their crisis this time. The US real estate market and the World bulk market of trade all have been recovering since August when the stock markets fell.
World stocks are under-priced but gold and silver have a long way to fall.
American Economy
Last week summary
ISM Index Sep manufacturing rose 2% to 51.6 from 50.6 in August …good
Construction Spending Aug rose 1.4% after retreating -1.3% in August …good
Auto/truck Sales Sep Chrysler sales climbed 27 percent, GM deliveries rose 20 percent, and Ford sales increased 9 percent the companies said in separate statements. …good
Nonfarm private and government Payrolls Sep 103K up from 0K …good
Nonfarm Private Payrolls Sep 137K up from 17K …good
Unemployment Rate Sep 9.1% unchanged …good
Hourly Earnings Sep up 0.2% after declining -0.1% last month…good
Average Workweek Sep 34.3 up from 34.2- …good
Wholesale Inventories Aug 0.4% down from 0.8% …good
FOMC Minutes Sep. 21 inflation appeared to have moderated since earlier in the year as prices of energy and some commodities had declined from their recent peaks
MBA Mortgage Index 10/08 rose 1.3% much better than the-4.3% last month. Now the housing industry is beginning to finally rise.
Today
Oct 13 8:30 AM Initial Claims 10/08
Oct 13 8:30 AM Continuing Claims 10/01
Oct 13 8:30 AM Trade Balance Aug
Oct 13 11:00 AM Crude Inventories 10/08
Oct 13 2:00 PM Treasury Budget Sep
This week
Oct 14 8:30 AM Retail Sales Sep
Oct 14 8:30 AM Retail Sales ex-auto Sep
Oct 14 8:30 AM Export Prices ex-ag. Sep
Oct 14 8:30 AM Import Prices ex-oil Sep
Oct 14 9:55 AM Mich Sentiment Oct
Oct 14 10:00 AM Business Inventories Aug
Market Outlook October 13 2011
Short selling, climbed to 11.6 percent of stock last month from 9.5 percent in July, the biggest increase since at least 2006. Yesterday the volume was above normal indication some short covering has begun in a few stocks though a short squeeze has not started yet!
Stocks could have to rise an additional 3% from here to trigger a short squeeze, but if they do the market could be up more than 15% from the low by Christmas. Stocks are such a bargain; China is investing excess cash in their own market and is buying international companies at bargain prices. American corporations remain sitting on record cash levels. Soon they will all jump back into the market to get a piece of these bargain prices. However, we do not believe a new high will be hit this year… but most market losses could be recovered.
We still expect a normal advance of at least 50% of the total recent decline and possibly as much as 90% recovery. But then it will be time to lighten up on equities again. It is moving though a resistance area now. See:
http://finance.yahoo.com/q/ta?s=^NYA&t=2y&l=on&z=l&q=l&p=e50%2Ce100&a=&c=
We believe America will not have a double dip recession. Since August, international trade continues to recover. See 1yr chart at:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stocks were up again last night. China up 0.8%, Hong Kong up 2.3%, India down –0.4%, Seoul up 0.8%, and Japan up 1%.
European markets are down significantly today in a range 0% to -1.4% half way through their day.
American market futures are down about –0.2% at 8 AM EST. US market futures rarely have any predictive correlation.
The FED minutes show they agreed that it was important to acknowledge, in the statement to be released following the meeting, that economic growth remained slow and that indicators pointed to continuing weakness in overall labor market conditions. It also agreed to note that inflation appeared to have moderated since earlier in the year as prices of energy and some commodities had declined from their recent peaks, and that longer-term inflation expectations remained stable. Members generally continued to expect some pickup in the pace of the economic recovery over coming quarters but anticipated that the unemployment rate would decline only gradually and agreed that there were significant downside risks to the economic outlook, including strains in global financial markets.
It has been reported that 43 companies receiving a total of $333 million from the Texas Enterprise Fund contributed $7 million to various Perry campaigns and support groups. Perry is a former Democrat who tries to look like Reagan, jumps about like a southern evangelist, and says you can force people from Oklahoma to pay full Texas college tuition but you don’t have a heart if you make the illegal Mexican interloper’s children pay full tuition. Herman Cain just took 22% of Perry’s support away in the latest poll. Romney’s support held constant.
Reuters reported that Akamai, whose service improves the performance of websites, is nearing a deal with search giant Google, according to the late Wednesday report by technology blog Business Insider citing "multiple ad tech sources" that were not identified.
World markets
Italy sold 3.5 billion euros of bonds due in 2016 to yield 5.32 percent, compared with a yield of 5.6 percent at the last auction of similar securities on Sept. 13. Demand far exceeded supply.
Hellenic Telecommunications Organization has dropped 84 percent since Deutsche Telekom (DTE) began buying shares in the Greek operator in 2008. The German owner will now try to turnaround the company to recoup some of the 4 billion euros ($5.5 billion) in investments.
Asian stocks rose again posting its greatest six-day advance since early 2009, amid China’s support for the equity market after the valuations dropped to record-low levels. China began buying shares of the nation’s four biggest banks lifting their market. Their housing market in China also appears to be stabilizing.
World optimism that the world economy will not double dip but is in fact growing faster than it has in the previous year means Europe can expect to grow its way out of their crisis this time. The US real estate market and the World bulk market of trade all have been recovering since August when the stock markets fell.
World stocks are under-priced but gold and silver have a long way to fall.
American Economy
Last week summary
ISM Index Sep manufacturing rose 2% to 51.6 from 50.6 in August …good
Construction Spending Aug rose 1.4% after retreating -1.3% in August …good
Auto/truck Sales Sep Chrysler sales climbed 27 percent, GM deliveries rose 20 percent, and Ford sales increased 9 percent the companies said in separate statements. …good
Nonfarm private and government Payrolls Sep 103K up from 0K …good
Nonfarm Private Payrolls Sep 137K up from 17K …good
Unemployment Rate Sep 9.1% unchanged …good
Hourly Earnings Sep up 0.2% after declining -0.1% last month…good
Average Workweek Sep 34.3 up from 34.2- …good
Wholesale Inventories Aug 0.4% down from 0.8% …good
FOMC Minutes Sep. 21 inflation appeared to have moderated since earlier in the year as prices of energy and some commodities had declined from their recent peaks
MBA Mortgage Index 10/08 rose 1.3% much better than the-4.3% last month. Now the housing industry is beginning to finally rise.
Today
Oct 13 8:30 AM Initial Claims 10/08
Oct 13 8:30 AM Continuing Claims 10/01
Oct 13 8:30 AM Trade Balance Aug
Oct 13 11:00 AM Crude Inventories 10/08
Oct 13 2:00 PM Treasury Budget Sep
This week
Oct 14 8:30 AM Retail Sales Sep
Oct 14 8:30 AM Retail Sales ex-auto Sep
Oct 14 8:30 AM Export Prices ex-ag. Sep
Oct 14 8:30 AM Import Prices ex-oil Sep
Oct 14 9:55 AM Mich Sentiment Oct
Oct 14 10:00 AM Business Inventories Aug
Market Outlook October 13 2011
Short selling, climbed to 11.6 percent of stock last month from 9.5 percent in July, the biggest increase since at least 2006. Yesterday the volume was above normal indication some short covering has begun in a few stocks though a short squeeze has not started yet!
Stocks could have to rise an additional 3% from here to trigger a short squeeze, but if they do the market could be up more than 15% from the low by Christmas. Stocks are such a bargain; China is investing excess cash in their own market and is buying international companies at bargain prices. American corporations remain sitting on record cash levels. Soon they will all jump back into the market to get a piece of these bargain prices. However, we do not believe a new high will be hit this year… but most market losses could be recovered.
We still expect a normal advance of at least 50% of the total recent decline and possibly as much as 90% recovery. But then it will be time to lighten up on equities again. It is moving though a resistance area now. See:
http://finance.yahoo.com/q/ta?s=^NYA&t=2y&l=on&z=l&q=l&p=e50%2Ce100&a=&c=
We believe America will not have a double dip recession. Since August, international trade continues to recover. See 1yr chart at:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stocks were up again last night. China up 0.8%, Hong Kong up 2.3%, India down –0.4%, Seoul up 0.8%, and Japan up 1%.
European markets are down significantly today in a range 0% to -1.4% half way through their day.
American market futures are down about –0.2% at 8 AM EST. US market futures rarely have any predictive correlation.
Wednesday, October 12, 2011
Eventually the leftists will go the way of the Neanderthal due to their evolutionary disadvantage, their gullibility.
Leftist health nuts would do better not listening to their leftist nutrition “experts” and their incompetent climatologists as they are frauds and falsify their data. Once again leftists frauds are killing gullible leftists not helping them. It has just been proven that daily use of vitamin E increased (not decreases as leftists claimed) the risk of prostate cancer in healthy men by17%. Some 30 years ago gullible leftists stopped eating eggs based on fraudulent leftist claims of increased risk of heart attacks, when in fact it was later proven that eggs were balanced with good cholesterol and the leftist incompetent experts just fraudulently made up their facts. The nutritionists and climatologists tend to be leftists and are only believed by leftists. Being a leftist is evidently a mental disability. Perhaps that is why so many of them send their children to psychologists. Eventually the leftists will go the way of the Neanderthal due to their evolutionary disadvantage, their gullibility.
Sprint began selling the iPhone this month for the first time, and subsidizes the cost to consumers in exchange for service revenue. That causes upfront expenses and makes Sprint users quit Sprint when they see charges skyrocket.
Romney now looks like the Republican candidate. Among other things Wall Street Week credits him with cleaning up the Boston harbor. In 2005 he made it clear that he did not support a climate change agreement based on the “leftist environmental theology.” Over 31000 scientists have joined Edward Teller in signing a petition denying there is any credible evidence man-made global warming. What we have is a global crisis of man caused climatoligist fraud. See http://en.wikipedia.org/wiki/Edward_Teller
and
http://www.oism.org/pproject/pproject.htm#41
The world economy did not double dip which means Europe can grow its way out of their crisis this time.
When George Bush was elected we had Steve Jobs, Johnny Cash, and Bob Hope. But with Obama there are no jobs, nor cash nor hope.
World markets
Hellenic Telecommunications Organization has dropped 84 percent since Deutsche Telekom (DTE) began buying shares in the Greek operator in 2008. The German owner will now try to turnaround the company to recoup some of the 4 billion euros ($5.5 billion) in investments.
Research In Motion (RIM) BlackBerry service was disrupted for a third day in the U.K. and India after an apparent saturation attack to try to drive them out of business. A switch could not keep up with the usage rate and caused snags across Europe, the Middle East and Africa. We could be looking at a new kind of commercial warfare. First Communist China probes you for your weaknesses and then they attack the weakness??? It is likely China because they have been caught before but possibly it is a small group of pirates in China working for RIM’s competition in Asia and attacking where they are likely to do the most damage without being too obvious.
Asian stocks rose posting its greatest five-day advance since early 2009, amid China’s support for the equity market after the valuations dropped to record-low levels. China began buying shares of the nation’s four biggest banks lifting their market. Their housing market also appears to be stabilizing.
World optimism that the world economy will not double dip but is in fact growing faster than it has in the previous year means Europe can expect to grow its way out of their crisis this time. The US real estate market and the World bulk market of trade all have been recovering since August when the stock markets fell.
World stocks are under-priced but gold and silver have a long way to fall.
American Economy
Last week summary
ISM Index Sep manufacturing rose 2% to 51.6 from 50.6 in August …good
Construction Spending Aug rose 1.4% after retreating -1.3% in August …good
Auto/truck Sales Sep Chrysler sales climbed 27 percent, GM deliveries rose 20 percent, and Ford sales increased 9 percent the companies said in separate statements. …good
Nonfarm private and government Payrolls Sep 103K up from 0K …good
Nonfarm Private Payrolls Sep 137K up from 17K …good
Unemployment Rate Sep 9.1% unchanged …good
Hourly Earnings Sep up 0.2% after declining -0.1% last month…good
Average Workweek Sep 34.3 up from 34.2- …good
Wholesale Inventories Aug 0.4% down from 0.8% …good
Today
Oct 12 2:00 PM FOMC Minutes Sep. 21
Oct 12 7:00 AM MBA Mortgage Index 10/08
Oct 12 2:00 PM FOMC Minutes Sep. 21
This week
Oct 13 8:30 AM Initial Claims 10/08
Oct 13 8:30 AM Continuing Claims 10/01
Oct 13 8:30 AM Trade Balance Aug
Oct 13 11:00 AM Crude Inventories 10/08
Oct 13 2:00 PM Treasury Budget Sep
Oct 14 8:30 AM Retail Sales Sep
Oct 14 8:30 AM Retail Sales ex-auto Sep
Oct 14 8:30 AM Export Prices ex-ag. Sep
Oct 14 8:30 AM Import Prices ex-oil Sep
Oct 14 9:55 AM Mich Sentiment Oct
Oct 14 10:00 AM Business Inventories Aug
Market Outlook October 12 2011
Short selling, climbed to 11.6 percent of stock last month from 9.5 percent in July, the biggest increase since at least 2006. But the Dow rose 2.97% yesterday. However the rise was on 19% lower volume indicating a short squeeze has not even started yet!
Stocks could have to rise an additional 5% from here to trigger a short squeeze, but if they do the market could be up more than 15% from the low by Christmas. Stocks are such a bargain; China is investing excess cash in their own market and is buying international companies at bargain prices. American corporations remain sitting on record cash levels. Soon they will all jump back into the market to get a piece of these bargain prices. However, we do not believe a new high will be hit this year… but most market losses could be recovered.
We still expect a normal advance of at least 50% of the total recent decline and possibly as much as 90% recovery. But then it will be time to lighten up on equities again. See:
http://finance.yahoo.com/q/ta?s=^NYA&t=2y&l=on&z=l&q=l&p=e50%2Ce100&a=&c=
We believe America will not have a double dip recession. Since August, international trade continues to recover. See 1yr chart at:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stocks were up sharply again last night. China up 3%, Hong Kong up 1%, India up 2.6%, Seoul up 0.8%, and Japan down –0.4%.
European markets are up slightly today in a range 0.4% to 1.9% half way through their day.
American market futures are up about 1% at 8 AM EST. US market futures rarely have any predictive correlation.
Sprint began selling the iPhone this month for the first time, and subsidizes the cost to consumers in exchange for service revenue. That causes upfront expenses and makes Sprint users quit Sprint when they see charges skyrocket.
Romney now looks like the Republican candidate. Among other things Wall Street Week credits him with cleaning up the Boston harbor. In 2005 he made it clear that he did not support a climate change agreement based on the “leftist environmental theology.” Over 31000 scientists have joined Edward Teller in signing a petition denying there is any credible evidence man-made global warming. What we have is a global crisis of man caused climatoligist fraud. See http://en.wikipedia.org/wiki/Edward_Teller
and
http://www.oism.org/pproject/pproject.htm#41
The world economy did not double dip which means Europe can grow its way out of their crisis this time.
When George Bush was elected we had Steve Jobs, Johnny Cash, and Bob Hope. But with Obama there are no jobs, nor cash nor hope.
World markets
Hellenic Telecommunications Organization has dropped 84 percent since Deutsche Telekom (DTE) began buying shares in the Greek operator in 2008. The German owner will now try to turnaround the company to recoup some of the 4 billion euros ($5.5 billion) in investments.
Research In Motion (RIM) BlackBerry service was disrupted for a third day in the U.K. and India after an apparent saturation attack to try to drive them out of business. A switch could not keep up with the usage rate and caused snags across Europe, the Middle East and Africa. We could be looking at a new kind of commercial warfare. First Communist China probes you for your weaknesses and then they attack the weakness??? It is likely China because they have been caught before but possibly it is a small group of pirates in China working for RIM’s competition in Asia and attacking where they are likely to do the most damage without being too obvious.
Asian stocks rose posting its greatest five-day advance since early 2009, amid China’s support for the equity market after the valuations dropped to record-low levels. China began buying shares of the nation’s four biggest banks lifting their market. Their housing market also appears to be stabilizing.
World optimism that the world economy will not double dip but is in fact growing faster than it has in the previous year means Europe can expect to grow its way out of their crisis this time. The US real estate market and the World bulk market of trade all have been recovering since August when the stock markets fell.
World stocks are under-priced but gold and silver have a long way to fall.
American Economy
Last week summary
ISM Index Sep manufacturing rose 2% to 51.6 from 50.6 in August …good
Construction Spending Aug rose 1.4% after retreating -1.3% in August …good
Auto/truck Sales Sep Chrysler sales climbed 27 percent, GM deliveries rose 20 percent, and Ford sales increased 9 percent the companies said in separate statements. …good
Nonfarm private and government Payrolls Sep 103K up from 0K …good
Nonfarm Private Payrolls Sep 137K up from 17K …good
Unemployment Rate Sep 9.1% unchanged …good
Hourly Earnings Sep up 0.2% after declining -0.1% last month…good
Average Workweek Sep 34.3 up from 34.2- …good
Wholesale Inventories Aug 0.4% down from 0.8% …good
Today
Oct 12 2:00 PM FOMC Minutes Sep. 21
Oct 12 7:00 AM MBA Mortgage Index 10/08
Oct 12 2:00 PM FOMC Minutes Sep. 21
This week
Oct 13 8:30 AM Initial Claims 10/08
Oct 13 8:30 AM Continuing Claims 10/01
Oct 13 8:30 AM Trade Balance Aug
Oct 13 11:00 AM Crude Inventories 10/08
Oct 13 2:00 PM Treasury Budget Sep
Oct 14 8:30 AM Retail Sales Sep
Oct 14 8:30 AM Retail Sales ex-auto Sep
Oct 14 8:30 AM Export Prices ex-ag. Sep
Oct 14 8:30 AM Import Prices ex-oil Sep
Oct 14 9:55 AM Mich Sentiment Oct
Oct 14 10:00 AM Business Inventories Aug
Market Outlook October 12 2011
Short selling, climbed to 11.6 percent of stock last month from 9.5 percent in July, the biggest increase since at least 2006. But the Dow rose 2.97% yesterday. However the rise was on 19% lower volume indicating a short squeeze has not even started yet!
Stocks could have to rise an additional 5% from here to trigger a short squeeze, but if they do the market could be up more than 15% from the low by Christmas. Stocks are such a bargain; China is investing excess cash in their own market and is buying international companies at bargain prices. American corporations remain sitting on record cash levels. Soon they will all jump back into the market to get a piece of these bargain prices. However, we do not believe a new high will be hit this year… but most market losses could be recovered.
We still expect a normal advance of at least 50% of the total recent decline and possibly as much as 90% recovery. But then it will be time to lighten up on equities again. See:
http://finance.yahoo.com/q/ta?s=^NYA&t=2y&l=on&z=l&q=l&p=e50%2Ce100&a=&c=
We believe America will not have a double dip recession. Since August, international trade continues to recover. See 1yr chart at:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stocks were up sharply again last night. China up 3%, Hong Kong up 1%, India up 2.6%, Seoul up 0.8%, and Japan down –0.4%.
European markets are up slightly today in a range 0.4% to 1.9% half way through their day.
American market futures are up about 1% at 8 AM EST. US market futures rarely have any predictive correlation.
Tuesday, October 11, 2011
The world economy did not double dip which means Europe can grow its way out of their crisis this time.
The world economy did not double dip which means Europe can grow its way out of their crisis this time.
When George Bush was elected we had Steve Jobs, Johnny Cash, and Bob Hope. But with Obama there are no jobs, nor cash nor hope.
Romney now looks like the Republican candidate. Among other things Wall Street Week credits him with cleaning up the Boston harbor. In 2005 he made it clear that he did not support a climate change agreement based on the “leftist environmental theology.” Over 31000 scientists have joined Edward Teller in signing a petition denying there is any credible evidence man-made global warming. What we have is a global crisis of man caused climatoligist fraud. See http://en.wikipedia.org/wiki/Edward_Teller
and
http://www.oism.org/pproject/pproject.htm#41
World markets
China began buying shares of the nation’s four biggest banks lifting their market. Their housing market also appears to be stabilizing.
World optimism that the world economy will not double dip but is in fact growing faster than it has in the previous year means Europe can expect to grow its way out of their crisis this time. The US real estate market and the World bulk market of trade all have been recovering since August when the stock markets fell.
World stocks are under-priced but gold and silver have a long way to fall.
American Economy
Last week summary
ISM Index Sep manufacturing rose 2% to 51.6 from 50.6 in August …good
Construction Spending Aug rose 1.4% after retreating -1.3% in August …good
Auto/truck Sales Sep Chrysler sales climbed 27 percent, GM deliveries rose 20 percent, and Ford sales increased 9 percent the companies said in separate statements. …good
Nonfarm private and government Payrolls Sep 103K up from 0K …good
Nonfarm Private Payrolls Sep 137K up from 17K …good
Unemployment Rate Sep 9.1% unchanged …good
Hourly Earnings Sep up 0.2% after declining -0.1% last month…good
Average Workweek Sep 34.3 up from 34.2- …good
Wholesale Inventories Aug 0.4% down from 0.8% …good
Today
Oct 11 2:00 PM FOMC Minutes Sep. 21
This week
Oct 12 7:00 AM MBA Mortgage Index 10/08
Oct 12 2:00 PM FOMC Minutes Sep. 21
Oct 13 8:30 AM Initial Claims 10/08
Oct 13 8:30 AM Continuing Claims 10/01
Oct 13 8:30 AM Trade Balance Aug
Oct 13 11:00 AM Crude Inventories 10/08
Oct 13 2:00 PM Treasury Budget Sep
Oct 14 8:30 AM Retail Sales Sep
Oct 14 8:30 AM Retail Sales ex-auto Sep
Oct 14 8:30 AM Export Prices ex-ag. Sep
Oct 14 8:30 AM Import Prices ex-oil Sep
Oct 14 9:55 AM Mich Sentiment Oct
Oct 14 10:00 AM Business Inventories Aug
Market Outlook October 11 2011
Short selling, climbed to 11.6 percent of stock last month from 9.5 percent in July, the biggest increase since at least 2006. But the Dow rose 2.97% yesterday. However the rise was on 19% lower volume indicating a short squeeze has not even started yet!
Stocks could have to rise an additional 5% from here to trigger a short squeeze, but if they do the market could be up more than 15% from the low by Christmas. Stocks are such a bargain; China is investing excess cash in their own market and is buying international companies at bargain prices. American corporations remain sitting on record cash levels. Soon they will all jump back into the market to get a piece of these bargain prices. However, we do not believe a new high will be hit this year… but most market losses could be recovered.
We still expect a normal advance of at least 50% of the total recent decline and possibly as much as 90% recovery. But then it will be time to lighten up on equities again. See:
http://finance.yahoo.com/q/ta?s=^NYA&t=2y&l=on&z=l&q=l&p=e50%2Ce100&a=&c=
We believe America will not have a double dip recession. Since August, international trade continues to recover. See 1yr chart at:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stocks were up sharply Monday and again last night. China up 3.7%, Hong Kong up 2.4%, India down 0.1%, Seoul up 1.6%, and Japan up 2%.
European markets were up sharply Monday and are down slightly today in a range -0.4% to -1% half way through their day.
American market futures were up 2.9% yesterday and are down about -0.4% at 7:30AM EST. US market futures rarely have any predictive correlation.
When George Bush was elected we had Steve Jobs, Johnny Cash, and Bob Hope. But with Obama there are no jobs, nor cash nor hope.
Romney now looks like the Republican candidate. Among other things Wall Street Week credits him with cleaning up the Boston harbor. In 2005 he made it clear that he did not support a climate change agreement based on the “leftist environmental theology.” Over 31000 scientists have joined Edward Teller in signing a petition denying there is any credible evidence man-made global warming. What we have is a global crisis of man caused climatoligist fraud. See http://en.wikipedia.org/wiki/Edward_Teller
and
http://www.oism.org/pproject/pproject.htm#41
World markets
China began buying shares of the nation’s four biggest banks lifting their market. Their housing market also appears to be stabilizing.
World optimism that the world economy will not double dip but is in fact growing faster than it has in the previous year means Europe can expect to grow its way out of their crisis this time. The US real estate market and the World bulk market of trade all have been recovering since August when the stock markets fell.
World stocks are under-priced but gold and silver have a long way to fall.
American Economy
Last week summary
ISM Index Sep manufacturing rose 2% to 51.6 from 50.6 in August …good
Construction Spending Aug rose 1.4% after retreating -1.3% in August …good
Auto/truck Sales Sep Chrysler sales climbed 27 percent, GM deliveries rose 20 percent, and Ford sales increased 9 percent the companies said in separate statements. …good
Nonfarm private and government Payrolls Sep 103K up from 0K …good
Nonfarm Private Payrolls Sep 137K up from 17K …good
Unemployment Rate Sep 9.1% unchanged …good
Hourly Earnings Sep up 0.2% after declining -0.1% last month…good
Average Workweek Sep 34.3 up from 34.2- …good
Wholesale Inventories Aug 0.4% down from 0.8% …good
Today
Oct 11 2:00 PM FOMC Minutes Sep. 21
This week
Oct 12 7:00 AM MBA Mortgage Index 10/08
Oct 12 2:00 PM FOMC Minutes Sep. 21
Oct 13 8:30 AM Initial Claims 10/08
Oct 13 8:30 AM Continuing Claims 10/01
Oct 13 8:30 AM Trade Balance Aug
Oct 13 11:00 AM Crude Inventories 10/08
Oct 13 2:00 PM Treasury Budget Sep
Oct 14 8:30 AM Retail Sales Sep
Oct 14 8:30 AM Retail Sales ex-auto Sep
Oct 14 8:30 AM Export Prices ex-ag. Sep
Oct 14 8:30 AM Import Prices ex-oil Sep
Oct 14 9:55 AM Mich Sentiment Oct
Oct 14 10:00 AM Business Inventories Aug
Market Outlook October 11 2011
Short selling, climbed to 11.6 percent of stock last month from 9.5 percent in July, the biggest increase since at least 2006. But the Dow rose 2.97% yesterday. However the rise was on 19% lower volume indicating a short squeeze has not even started yet!
Stocks could have to rise an additional 5% from here to trigger a short squeeze, but if they do the market could be up more than 15% from the low by Christmas. Stocks are such a bargain; China is investing excess cash in their own market and is buying international companies at bargain prices. American corporations remain sitting on record cash levels. Soon they will all jump back into the market to get a piece of these bargain prices. However, we do not believe a new high will be hit this year… but most market losses could be recovered.
We still expect a normal advance of at least 50% of the total recent decline and possibly as much as 90% recovery. But then it will be time to lighten up on equities again. See:
http://finance.yahoo.com/q/ta?s=^NYA&t=2y&l=on&z=l&q=l&p=e50%2Ce100&a=&c=
We believe America will not have a double dip recession. Since August, international trade continues to recover. See 1yr chart at:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stocks were up sharply Monday and again last night. China up 3.7%, Hong Kong up 2.4%, India down 0.1%, Seoul up 1.6%, and Japan up 2%.
European markets were up sharply Monday and are down slightly today in a range -0.4% to -1% half way through their day.
American market futures were up 2.9% yesterday and are down about -0.4% at 7:30AM EST. US market futures rarely have any predictive correlation.
Friday, October 7, 2011
Alan Greenspan supports the Simpson Bowles compromise of Congress but if they do not get their act together he favors Obama’s plan
This morning Alan Greenspan said non-financial corporations are as undervalued now as they were during the “Great Depression” (Obama created his “Great Recession” out of his ignorance and big mouth full of crap.
Alan Greenspan supports the Simpson Bowles compromise of Congress but if they do not get their act together he favors Obama’s plan to let the Bush tax cuts expire. If nothing is done he expects a Bond market collapse. We agree and a minimum 5.6% Obama tax on gross income makes a lot of sense for above average incomes.
http://en.wikipedia.org/wiki/National_Commission_on_Fiscal_Responsibility_and_Reform
The WSJ said that TARP was not a success. The banks used Obama’s 2010 Jobs Bill money to pay back the TARP money hey owed. The success of the Obama TARP payback, the total jobs he said were created, was just another Obama staged illusion, just crap. The "jobs" bill turned out to be an Obama bank liquidity and bailout bill, and the source of slush funds for Obama corruption and re-election vote buying. Obama hasn’t even the slightest clue. Government is nothing but a wealth redistribution agent. It only transfers jobs and wealth from taxpayers to the politicians favored programs and their fundraisers. Job creation can only work when small businesses know that the idiots in Washington have taken their hands out of business’s pockets and have stopped their regulatory profit killing frenzy. Obama still give his supporters liar loans that discriminate against everyone that has the American work ethic.
Romney now looks like the Republican candidate. Among other things Wall Street Week credits him with cleaning up the Boston harbor. While in 2003 he supported emission caps for decrepit filthy coal fired plants, in 2005 he made it clear that he did not support a climate change agreement based on “leftist environmental theology.” Over 31000 scientists have joined Edward Teller in signing a petition denying man-made global warming. See
http://en.wikipedia.org/wiki/Edward_Teller
and
http://www.oism.org/pproject/pproject.htm#41
As Greece struggles to avoid a catastrophic default, government “worker pretender unions” in Athens shut down all transportation, tourism, local police security, and commerce and put Greece on the Brink. Powerful Greek unions have exercised their unique state and federal socialist unionization rights and have closed the whole country down. American cruises and tourists once again find themselves stranded in a lawless barbaric stone-age country. In Germany and France there are “pretenders to the crown”. In Greece there are “government pretenders to work.” Obama supporters are now taking to the streets venting hatred of the American financial system that ideally rewards only people with a work ethic so the country does not become like Greece.
World markets
Alan Greenspan now believes the Germanic northern countries need to kick out not just Greece but Italy, Spain and Portugal as well due to cultural differences. He says France is an anomaly in that it combines economic prudence with a fun loving culture.
Pakistan is no friend of the free world. They attack their neighbors and support and send in zombie terrorists. They follow the religion of the living dead and have no respect for human life or freedom. Pakistan has become a zombie terrorist nation to India, Afghanistan and the rest of the free world where women are not shot through the head for not acting like Mid East zombies. All Western aid to Pakistan should be cut off.
Oil seems to be stabilizing again as the world economy show resiliency and strength.
American Economy
Last week summary
Personal Income Aug -0.1% declined from 0.3% in July, deflationary
Personal Spending Aug 0.2% declined from 0.8% in July, 2.4% annual, low inflation
PCE Prices - Core Aug 0.1% declined from 0.2% in July, 1.2$ low price inflation
Chicago PMI Sep 60.4 rose from 56.5 in July –good production number
Michigan Sentiment - Final Sep 59.4 up from 57.8 in July –good turnaround
Gold is down 20% in September and the US dollar is again the best horse in the glue factory.
The week so far
ISM Index Sep manufacturing rose 2% to 51.6 from 50.6 in August
Construction Spending Aug rose 1.4% after retreating -1.3% in August
Auto/truck Sales Sep Chrysler sales climbed 27 percent, GM deliveries rose 20 percent, and Ford sales increased 9 percent the companies said in separate statements.
Factory Orders for Aug were down -0.2% after being up 2.4% in July. Not good.
Yesterday
MBA Mortgage Index 10/01 -4.3% after being up +9.3% last month. Not good
Challenger Job Cuts Sept is an indicator of the weakness of the labor market now 211.5% up from 47.0% last month. Not good
ADP Employment Change Sep 91K the same as last month. Not bad
ISM Services strength Sep was 53.0 down slightly from 53.3 last month. Not good
Crude Inventories 10/01fell sharply -4.679M from 1.915M last week indicating prices will rise again. Not good
This week
Initial Claims 10/01 rose again to 401K from 391K last week. Fairly flat
Continuing Claims 09/24 dropped slightly to 3700K from 3729K. Again fairly flat
Oct 7 8:30 AM Nonfarm Payrolls Sep
Oct 7 8:30 AM Nonfarm Private Payrolls Sep
Oct 7 8:30 AM Unemployment Rate Sep
Oct 7 8:30 AM Hourly Earnings Sep
Oct 7 8:30 AM Average Workweek Sep
Oct 7 10:00 AM Wholesale Inventories Aug
Oct 7 3:00 PM Consumer Credit Aug
Market Outlook October 7 2011
Yesterday, StreetSmartPost seems to be starting to change its tune after recently concluding we are in a bear market. “Thursday, October 6, 2011. 9.25 a.m. The short-term market volatility continues, and one of these days one of these rallies is going to be the beginning of the end of the correction, or bear market if it continues to worsen into one. And will be the beginning of the recovery we expect in the market during the winter ’s next favorable season. But is this one it?” But his chart is still deceitful because he leaves off the May 2010 low to make it look like the recent low broke the low of last year. That did not happen if you look at the NYSE chart below.
We are in a “Jimmy Carter” stagflation, misery index, malaise, “random walk,” market not a new bear market. It is now referred to as the “Obamacrap” market. Obama really thought some of the TARP funds would create jobs even though half was meant to corruptly inflate Democrat-socialist re-election coffers. Corruption is the only way a failed president can raise $1 Billion during a recession that Obama created by calling a stable Bush economy a “Depression” long before the “Liar Loan” Dodd-Frank financial crisis erupted. This is a “Big mouth Obamacrap” recession that Obama seems determined to make into a “Great Depression.”
We still expect a normal advance of up to at least 50% of the total recent decline. But then it will be time to lighten up on equities again. See: http://finance.yahoo.com/q/ta?s=^NYA&t=2y&l=on&z=l&q=l&p=e50%2Ce100&a=&c=
Congress needs to fight Obama with the Simson-Bowles legislation and stop the high deficit spending that amounts now to leftist vote buying. If Obama is not allowed to further cripple the US economy we believe America will not have a double dip recession. See 1yr chart at:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stocks were up sharply again last night. China closed, Hong Kong up 3.1%, India up 2.8%, Seoul up 2.9%, and Japan up 1%.
European markets are down slightly today in a range 0.3% to -1% half way through their day.
American market futures are down -0.2% to -0.4% at 8AM EST. US market futures rarely have any predictive correlation.
Alan Greenspan supports the Simpson Bowles compromise of Congress but if they do not get their act together he favors Obama’s plan to let the Bush tax cuts expire. If nothing is done he expects a Bond market collapse. We agree and a minimum 5.6% Obama tax on gross income makes a lot of sense for above average incomes.
http://en.wikipedia.org/wiki/National_Commission_on_Fiscal_Responsibility_and_Reform
The WSJ said that TARP was not a success. The banks used Obama’s 2010 Jobs Bill money to pay back the TARP money hey owed. The success of the Obama TARP payback, the total jobs he said were created, was just another Obama staged illusion, just crap. The "jobs" bill turned out to be an Obama bank liquidity and bailout bill, and the source of slush funds for Obama corruption and re-election vote buying. Obama hasn’t even the slightest clue. Government is nothing but a wealth redistribution agent. It only transfers jobs and wealth from taxpayers to the politicians favored programs and their fundraisers. Job creation can only work when small businesses know that the idiots in Washington have taken their hands out of business’s pockets and have stopped their regulatory profit killing frenzy. Obama still give his supporters liar loans that discriminate against everyone that has the American work ethic.
Romney now looks like the Republican candidate. Among other things Wall Street Week credits him with cleaning up the Boston harbor. While in 2003 he supported emission caps for decrepit filthy coal fired plants, in 2005 he made it clear that he did not support a climate change agreement based on “leftist environmental theology.” Over 31000 scientists have joined Edward Teller in signing a petition denying man-made global warming. See
http://en.wikipedia.org/wiki/Edward_Teller
and
http://www.oism.org/pproject/pproject.htm#41
As Greece struggles to avoid a catastrophic default, government “worker pretender unions” in Athens shut down all transportation, tourism, local police security, and commerce and put Greece on the Brink. Powerful Greek unions have exercised their unique state and federal socialist unionization rights and have closed the whole country down. American cruises and tourists once again find themselves stranded in a lawless barbaric stone-age country. In Germany and France there are “pretenders to the crown”. In Greece there are “government pretenders to work.” Obama supporters are now taking to the streets venting hatred of the American financial system that ideally rewards only people with a work ethic so the country does not become like Greece.
World markets
Alan Greenspan now believes the Germanic northern countries need to kick out not just Greece but Italy, Spain and Portugal as well due to cultural differences. He says France is an anomaly in that it combines economic prudence with a fun loving culture.
Pakistan is no friend of the free world. They attack their neighbors and support and send in zombie terrorists. They follow the religion of the living dead and have no respect for human life or freedom. Pakistan has become a zombie terrorist nation to India, Afghanistan and the rest of the free world where women are not shot through the head for not acting like Mid East zombies. All Western aid to Pakistan should be cut off.
Oil seems to be stabilizing again as the world economy show resiliency and strength.
American Economy
Last week summary
Personal Income Aug -0.1% declined from 0.3% in July, deflationary
Personal Spending Aug 0.2% declined from 0.8% in July, 2.4% annual, low inflation
PCE Prices - Core Aug 0.1% declined from 0.2% in July, 1.2$ low price inflation
Chicago PMI Sep 60.4 rose from 56.5 in July –good production number
Michigan Sentiment - Final Sep 59.4 up from 57.8 in July –good turnaround
Gold is down 20% in September and the US dollar is again the best horse in the glue factory.
The week so far
ISM Index Sep manufacturing rose 2% to 51.6 from 50.6 in August
Construction Spending Aug rose 1.4% after retreating -1.3% in August
Auto/truck Sales Sep Chrysler sales climbed 27 percent, GM deliveries rose 20 percent, and Ford sales increased 9 percent the companies said in separate statements.
Factory Orders for Aug were down -0.2% after being up 2.4% in July. Not good.
Yesterday
MBA Mortgage Index 10/01 -4.3% after being up +9.3% last month. Not good
Challenger Job Cuts Sept is an indicator of the weakness of the labor market now 211.5% up from 47.0% last month. Not good
ADP Employment Change Sep 91K the same as last month. Not bad
ISM Services strength Sep was 53.0 down slightly from 53.3 last month. Not good
Crude Inventories 10/01fell sharply -4.679M from 1.915M last week indicating prices will rise again. Not good
This week
Initial Claims 10/01 rose again to 401K from 391K last week. Fairly flat
Continuing Claims 09/24 dropped slightly to 3700K from 3729K. Again fairly flat
Oct 7 8:30 AM Nonfarm Payrolls Sep
Oct 7 8:30 AM Nonfarm Private Payrolls Sep
Oct 7 8:30 AM Unemployment Rate Sep
Oct 7 8:30 AM Hourly Earnings Sep
Oct 7 8:30 AM Average Workweek Sep
Oct 7 10:00 AM Wholesale Inventories Aug
Oct 7 3:00 PM Consumer Credit Aug
Market Outlook October 7 2011
Yesterday, StreetSmartPost seems to be starting to change its tune after recently concluding we are in a bear market. “Thursday, October 6, 2011. 9.25 a.m. The short-term market volatility continues, and one of these days one of these rallies is going to be the beginning of the end of the correction, or bear market if it continues to worsen into one. And will be the beginning of the recovery we expect in the market during the winter ’s next favorable season. But is this one it?” But his chart is still deceitful because he leaves off the May 2010 low to make it look like the recent low broke the low of last year. That did not happen if you look at the NYSE chart below.
We are in a “Jimmy Carter” stagflation, misery index, malaise, “random walk,” market not a new bear market. It is now referred to as the “Obamacrap” market. Obama really thought some of the TARP funds would create jobs even though half was meant to corruptly inflate Democrat-socialist re-election coffers. Corruption is the only way a failed president can raise $1 Billion during a recession that Obama created by calling a stable Bush economy a “Depression” long before the “Liar Loan” Dodd-Frank financial crisis erupted. This is a “Big mouth Obamacrap” recession that Obama seems determined to make into a “Great Depression.”
We still expect a normal advance of up to at least 50% of the total recent decline. But then it will be time to lighten up on equities again. See: http://finance.yahoo.com/q/ta?s=^NYA&t=2y&l=on&z=l&q=l&p=e50%2Ce100&a=&c=
Congress needs to fight Obama with the Simson-Bowles legislation and stop the high deficit spending that amounts now to leftist vote buying. If Obama is not allowed to further cripple the US economy we believe America will not have a double dip recession. See 1yr chart at:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stocks were up sharply again last night. China closed, Hong Kong up 3.1%, India up 2.8%, Seoul up 2.9%, and Japan up 1%.
European markets are down slightly today in a range 0.3% to -1% half way through their day.
American market futures are down -0.2% to -0.4% at 8AM EST. US market futures rarely have any predictive correlation.
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