Greek unionized socialist parasites don their black masks again to stone people and set fires to protest the possibility they might have to work.

Greek unionized socialist parasites don their black masks again to stone people and set fires again to protest the possibility they might have to actually work for a living. The sooner the EU ejects Greece, the sooner world market stability will return. Can you imagine how bad it would be today if the if the zombie fundamentalist who now run the Turkish theocracy had been allowed membership in the EU? They would have used their freedom of movement to invade and occupy Europe with their unemployable zombie population by now. In their backward countries they do not have 15% unemployment they only have 15% employed with meaningful jobs. Terrorism is a product of their backward and suicidal belief system. The Middle East has become an Israeli island in a land of the “living dead.”

Federal Reserve Chairman Ben S. Bernanke said the central bank will take further steps to sustain the recovery that’s “close to faltering” and warned Congress against deficit cutting at this point in time. Europe’s sovereign-debt crisis poses risks to growth already weak from housing and joblessness, the Fed chief said. “We need to make sure that the recovery continues and doesn’t drop back and that the unemployment rate continues to fall downward.” The Fed will give more information about its pledge to keep interest rates low at least through mid-2013, reduce the rate paid on banks’ reserve deposits or buy more securities. The central bank has kept that rate near zero since 2008 and purchased $2.3 trillion of housing and government debt.
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“A second important objective is to avoid fiscal actions that could impede the ongoing economic recovery,” Bernanke said. “Putting in place a credible plan for reducing future deficits over the longer term does not preclude attending to the implications of fiscal choices for the recovery in the near term,” he said, without being more specific. Bernanke said the central bank has no immediate plans but the Fed doesn’t take “anything off the table.”
The economy expanded at a 1.3 percent annual pace in the second quarter after a 0.4 percent rate in the first three months of the year, according to the Commerce Department.

The American Mass media is a Nazi-commi-socialist-effite snob propaganda machine that would make Joseph Goebbels and Josef Mengele proud that their life’s work to perfect elite government physical and psychological control is alive and stronger than ever. Americans are beginning to realize that the elections of 2012 may be the last hope of saving America and therefore the rest of the world from totalitarianism, terror, and mass genocide of the same people who always get slaughtered. The ones who always get slaughtered are the very ones who want big government the most… the stupid, lazy, unemployable, and the mentally or physically ill. Big government always wants to perfect the human race with rules and regulations so the smart people (to survive) realize they must submit like sheep to avoid the slaughter. And then the government begins the elimination of all the people who make the cost on socialized medicine and welfare so high. They are the sick, stupid and unemployable. Over and over again since ancient Greece people simply disappeared. Peoples under many dictatorships, not just Stalin and Hitler were taken to public institutions and never heard from again. The stupid leftists are not dumb. The stupid people are the leftists who think they are smart and have an angle and can profit from totalitarianism. They are people like MSNBC propagandists who think big government is the solution until they discover that the next Hitler or Stalin makes their extermination the government’s official permanent solution. The people clamoring today for big government to take control of their lives may discover that they could get their wish. If so they will be hated by everyone who wants to save America’s human liberties, human compassion, and free enterprise. The ones who want faceless government welfare to replace individual compassion and charity will discover that faceless government has put them first in line for the ovens built for the next holocaust. They will be despised because they betrayed humanity by first siding with totalitarianism against liberty and no one will dare try to rescue them except a few freedom loving compassionate people working secretly and risking their lives to save one or two of the people all dictators just love to hate. History has shown that the leftist ethnic groups with the most leadership in early socialist revolutions in Russia and Europe were hated by the people they betrayed who suffered as a result. The early leftists were later slaughtered by the socialists both in Europe and Russia. The lazy and ignorant tend to vote for leftists and for welfare societies. When the ignorant leftists get the cradle to grave welfare government they craved for, they suddenly discover the time between their cradle and their grave becomes very short.

Leftists don’t like those income tax deductions for charity organizations. They don’t want to pay taxes and often get caught when they cheat. They say that the government should do the charity, and they point out that taxes under communism do not exist because it is all the government’s money and communists give you only what you need. In reality they feel no compassion for the needy and tend to be the most stingy and penny grubbing people you ever meet often living beyond their means, continually scamming the system with law suits, defaults, and fraud. And when the Nazi and Stalinists take over they look for the plum jobs as commissars where they can skim money and privileges. They pretend they care for the needy and in the end they become despised within the socialist viscous mediocracy. The people can only liberate themselves after the socialist viscous mediocracy turns on itself and destroys the liberals who profited from totalitarianism. That took 50 years for Russia with America free. If America becomes a socialist state it could take hundreds of years to end the totalitarianism next time.

The word is out that Obama will not run for president again and Hilary will take his place. That is the only possibility left that will allow Socialist-Democrats to hold onto the presidency. Everyone now knows that Obama is a dunce without his teleprompters and he is full of crap on just about everything he says. In fact we did a Google Search on, “Obama crap”, and got “About 79,500,000 results” in 0.22 seconds search time. See:
http://www.youtube.com/watch?v=RRRy-QlQyUw

http://www.youtube.com/watch?v=L3S09QPlsg8

http://www.google.com/#hl=en&cp=10&gs_id=4&xhr=t&q=Obama+crap&pf=p&sclient=psy-ab&site=&source=hp&pbx=1&oq=Obama+crap&aq=0&aqi=g1g-v3&aql=&gs_sm=&gs_upl=&bav=on.2,or.r_gc.r_pw.,cf.osb&fp=298cfbc9b6f1239a&biw=914&bih=844

World markets
We were right yesterday. Obama/MSNBC/Pravda said yesterday that the sky is falling so that meant it was time to buy equities again because those leftists are full of something, and that something isn’t smarts.

Oil plunged 17% in 3Q, the worst quarter since '08. It is time to buy fuel oil for winter!
Silver and gold have lost their luster. Europe is only starting to realize that deflation is the world problem not inflation. Gold and silver are headed down to pre-rally levels.

Germany muddles on as the leader of Europe muddling.

Leftist George Soros lost a fortune yesterday shorting equities hoping for a disaster so the markets would plunge. Instead there was a tremendous inflow of investment capital and George took a bath. George Soros is reducing his contributions to the Obama campaign. He is buying banks now and is trying to get Warren Buffett interested as well. We expect another world wide bull market now that the lows of last year held. A bull market could last three to six months until it becomes apparent that the communist-socialist contagion in Europe is once again out of control. Yes, George Soros has destabilized European markets so much that banks are now so low they are bargains. I mean American banks that have little EU sovereign debt.

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.

Yesterday
Factory Orders for Aug were down -0.2% after being up 2.4% in July.

This week
Oct 5 7:00 AM MBA Mortgage Index 10/01
Oct 5 7:30 AM Challenger Job Cuts Sep
Oct 5 8:15 AM ADP Employment Change Sep -
Oct 5 10:00 AM ISM Services Sep
Oct 5 10:30 AM Crude Inventories 10/01

Oct 6 8:30 AM Initial Claims 10/01
Oct 6 8:30 AM Continuing Claims 09/24

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

Evidence continues to mount that the American housing industry is now improving.

Market Outlook October 5 2011
Our indicators indicate that almost all the cash that flowed out the past two weeks came back in after Bernanke’s speech. The neckline resistance withheld that latest onslaught.

Today was a tumultuous day for all the world markets. The Standard & Poor’s 500 Index fell 1.8 percent before the Bernanke speech and then rose ending up 2.25% for the day after Bernanke spoke and Europe. That was a 4% swing at the end of the day.

We need to fight the good fight, the American just and lawful fight at the ballot box not with violence. The good news is there is still time and the economy still can recover in spite of leftist corruption and squandering to buy votes. In the USA housing has bottomed and is now recovering. Construction spending appears to have bottomed out, and sales and sales prices are rising again. We are still growing our way out of idiot Obama’s campaign proclaimed “Great Depression.” And then Obama said, “It ain’t my fault.” Obama is going to a $25000/plate diner put on by the president of Solyndra, the Solar Panel company that Obama gave $535million of our taxes to and then it declared bankruptcy.

The trading range of equities tested the resistance levels of 2010 and they held yet again. 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. and See: http://finance.yahoo.com/q/ta?s=^NYA&t=2y&l=on&z=l&q=l&p=e50%2Ce100&a=&c=

We see a pick up in bulk trade that seems to have bottomed and is improving. Congress needs to fight Obama and stop the high deficit spending that amounts now to socialist 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 down again last night. China closed Hong Kong closed, India down –0.5%, Taiwan down -0.8%, and Japan down –0.9%.

European markets are up today in a range 0.9% to 3.7% half way through their day.
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American market futures are mixed –0.4% to +0.1% at 7:30AM EST. US market futures rarely have any predictive accuracy.