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.