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.
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