Obama and Bernanke have managed to totally screw up the American economy.

I can’t even forecast any bottom for the world economy until Obama is removed.

This is how they did it. Imagine this. You are a banker and have $1billion in loan demands and:
Year 1 you can borrow from the FED at 4% and loan it out at 6.5% and with $25,000,000 income (not earnings).

Year 2 Greenspan drops FED interest to 2.5% and you can loan it out at 5.2% and income of $27,000,000. Earnings are a lot less. Wow, Greenspan helped you recover and the cost of debt is lower so now people borrow 6.5/5.2 * $1Billion= $1.25Billion from you so now you actually have 1.25 * $27000000 income or 32,500,000!

But now Obama and Bernanke come along.
First they say you must keep 25% in cash reserves just in case there is a run on your bank (how dumb, we had the runs in the banks back in 2007when idiot Senators Obama and Dodd opened their mouths and said that Bush gave us a great depression). The horse already got out of the barn when they said that, so stupid Obama and Bernanke decided then to lock the door with high reserve requirements so the horse cannot get back in again! How royally stupid!!! But now Bernanke drops interest rates to 1.5% and you can loan it out at 2.5% so people can now borrow .75*6.5/2.5 * $1Billion =1.95$billion. Their effective interest rate is 1.5% for which you net 1% which is $19,500,000 income (not earnings). Obama and Bernanke just cut you income by 46% with their stupid reserve requirements. And on top of that Obama and Holden are giving away $800,000,000,000 each year to buy votes of unions and their welfare recipients and government sleepers resulting in an annual government deficit or about 10% of our gross national product. The real problem is that the socialists squeezed margins as interest rates declined plus the Obama socialists continue to spend us into debt. The dig the hole deeper every year and when interest rates rise again as they are in Europe the debts will become unbearable (as they are in Europe) and the economy will stall as Japan’s has already for 21 years.

So the Obama/Bernanke policy significantly increased national debt and the deficit in ten years will be 100% of America’s GDP and the banking economy for private enterprise is being squeezed because dropping interest rates is addicting like heroin and only helps as they go down and the addicted socialists borrow more. Once they are down the squeezed income margins make the economy decline and national and private debt grows. Then if you try to start raising rates the squeeze on debt begins in earnest and debtors have to borrow just to pay the higher interest. So Obama and Bernanke have screwed up the American economy royally! I can’t even forecast any bottom for the world economy until Obama is removed.

Gold and silver just plunged to their July lows as inflation remains lower that the average for the last 50 years. In fact the FED can hardly get it up to their inflation target of 2.5% much less maintain it. But that is not good for the world economy because it could put many economies into Japan or USSR style perpetual socialist recession/depression. Perhaps all socialist societies die that way by borrowing and spending other people’s money and getting so far into debt that they become serfs. You may need to paste these wed sites in to see the price of gold is now in a downtrend.
http://futures.tradingcharts.com/chart/ZG/W?anticache=1325159522


The socialist-democrats of Montebello, California, in the eastern part of Los Angeles County, have been stealing public assets and funds for years, the state controller said Wednesday. What else did he expect from the corrupt socialist-democrats who run California? Why don’t they check how socialists Governor Brown and President Obama went from being stupid poor community activists to millionaires when the got into political office? In socialist China they would take corrupt officials under the nearest bridge and shoot them and send the families the bill for the execution.

Virginia ballot access rules are among the most onerous and are particularly problematic in a multicandidate election,” Ray Sullivan, a spokesman for Perry, said in a statement yesterday. “We believe that the Virginia provisions unconstitutionally restrict the rights of candidates and voters by severely restricting access to the ballot.” Newt Gingrich is a citizen of Virginia but the Socialist Democrats in Virginia have kept Republicans Perry and their citizen Gingrich off the Virginia ballot! So much for the Obama socialists wanting democracy in America!

World markets
Italian business confidence falls to two-year low.

The ECB balance sheet increased to a record $3.55 trillion on loans to banks. Italy will sell as much as 8.5 billion Euro ($11 billion) in bonds today, one day after borrowing costs plunged at an auction of shorter-maturity debt.

China’s stock market continues breaking down below the lows of July 2010. China’s goods remain inferior and their prices are no longer as competitive so we expect Japan and South Korea will start eating China’s lunch.

China however is on the verge of releasing free enterprise from prison. Then China will be a great contributor to the human race and will no longer have to sustain their dignity pretending “4000” years of gross murder, oppression, and barbarism was something great. The Europeans did not think the invasion of Batu Kahn and his years of gross murder, oppression, and barbarism was anything great! And yet the Chinese people still are a great people in spite of their 4000 years of brutal and corrupt governments.

Data released this week showed profit growth at China’s industrial companies slowed to the weakest pace in at least 10 months. Chinese stocks listed in the U.S. have lost over 9% this year.

S&P withdrew the rating of Cheung Kong (Holdings) that was based on publicly available information because it had no information to go on S&P said in a statement yesterday.

With such corruption and hacking, theft and espionage even among “friendly” Asian nations, investments in Asia could have a 1998 type contraction disaster as in 2012.

Asian markets (especially China) care failing to break out some on the second and third times at resistance levels.
http://finance.yahoo.com/intlindices?e=asia

Germany is showing strength: Choose 2 or 5 years
http://finance.yahoo.com/echarts?s=%5EGDAXI+Interactive#chart2:symbol=^gdaxi;range=2y;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on

The Swiss are showing strength. Choose 2 or 5 years http://finance.yahoo.com/echarts?s=%5ESSMI+Interactive#chart1:symbol=^ssmi;range=2y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined

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

American Economy
The US markets are still showing strength especially as funds try to put year-end lipstick on their performance pig. The US economy may not dip as Americans increasingly have hope that the Obama Regime will be thrown out of office so Americans can change back to an honest free enterprise system. Obama administration corruption rivals that of Greece and Italy.

This Week
Yesterday
Case-Shiller 20-city Index Oct down only -3.4% from last year but last month it was down even more at-3.6%
Consumer Confidence Dec 64.5 substantially improved from 56.0

This week
Dec 28 7:00 AM MBA Mortgage Index 12/24
Dec 29 8:30 AM Initial Claims 12/24
Dec 29 8:30 AM Continuing Claims 12/17
Dec 29 9:45 AM Chicago PMI Dec
Dec 29 10:00 AM Pending Home Sales Nov
Dec 29 11:00 AM Crude Inventories 12/24
Dec 30 9:45 AM Chicago PMI Dec

Market outlook December 28, 2011

It is reported the hedge funds are now accumulating housing stocks.

We should be ready to take profits as they recover near July highs. Remember though that January was very good last year and the market went down significantly afterwards. But American stocks could still rise close to this past year’s highs by the end of January. The NYSE MACD is definitely bullish and implies we could see the bull market last until November 2012.
http://www.martincapital.com/index.php?page=graph&view=macd

Real estate has turned the corner with the latest home sales, housing starts, and the recent NAHB survey giving more confirmations. But the market will not take off until Americans are confident that Obama and his racist-leftist supporters will be ejected in 2012. Racist liar-loans to Obama’s minority group brought down the American banks after several years of racist minority group appointments to the highest levels of Fannie and Freddie by democrat-socialist.
http://www.martincapital.com/index.php?page=graph&view=permits_and_construction

When it comes to jobs, Obama has to manipulate the government statistics just like all communists do to pretend things are better. Sales are up because consumers have been refinancing dropping their monthly expenses. http://www.martincapital.com/index.php?page=graph&view=unemployment

The VIX has is approaching 20 which would indicate complacency. That means the coming exuberant rally will be a good time to take profits and raise cash.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=6m&l=on&z=m&q=l&c=

We predict we could possibly have as much as 95% recovery. But realize that as the upside potential is approached, then the downside risk exceeds the upside potential and it is time to lighten up. Also, remember January was very good last year and the market went down significantly afterwards so January is not necessarily a good predictor for the year. View 1yr. See:
http://finance.yahoo.com/echarts?s=^NYA+Interactive#chart4:symbol=^nya;range=1y;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined

Growth in bulk shipments in November was down and still at less than 20% of the bulk trade level that existed before Obama declared the USA was in a depression in one of his 2007 campaign speeches. http://www.bloomberg.com/apps/quote?ticker=BDIY:IND

Stock market update:
Asian Stock markets were down last night. China up 0.2%, Hong Kong down -0.7%, India down –1.2%, S. Korea up 0.0% and Japan up 0.3%.

European markets are mixed today in a range –0.7% to +0.4% half way through their day.

American market futures are up about +0.1% in after hour trading at 7:30 AM EST. It is an unreliable predictor.

It feels like Obama has been on vacation in Hawaii all year as business struggles and workers sit idle while Obama’s socialist Czars suck the life out

It feels like Obama has been on vacation in Hawaii all year as business struggles and workers sit idle while Obama’s socialist Czars suck the life out of America.

China’s goods remain inferior and their prices are no longer as competitive so we expect Japan and South Korea will start eating China’s lunch. Over the weekend Japan completed new trade agreements with China and India.

China’s stock market is also now breaking down below the lows of July 2010. China’s goods remain inferior and their prices are no longer as competitive so we expect Japan and South Korea will start eating China’s lunch. China however is on the verge of releasing free enterprise. Then China will be a great contributor to the human race and will no longer have to sustain their dignity with their “4000” years of civilization which in fact has been 4000 years of gross barbarism.

World markets

With such corruption and hacking, theft and espionage even among “friendly” Asian nations, investments in Asia could have a 1998 type contraction disaster as in 2012.

Asian markets (especially China) care failing to break out some on the second and third times at resistance levels.
http://finance.yahoo.com/intlindices?e=asia

Germany is showing strength: Choose 2 or 5 years
http://finance.yahoo.com/echarts?s=%5EGDAXI+Interactive#chart2:symbol=^gdaxi;range=2y;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on

The Swiss are showing strength. Choose 2 or 5 years http://finance.yahoo.com/echarts?s=%5ESSMI+Interactive#chart1:symbol=^ssmi;range=2y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined

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

American Economy
The US markets are still showing strength especially as funds try to put year-end lipstick on their performance pig. The US economy may not dip as Americans increasingly have hope that the Obama Regime will be thrown out of office so Americans can change back to an honest free enterprise system. Obama administration corruption rivals that of Greece and Italy.

Last Week
The good
NAHB Housing Market Index Dec now 21 up from 20, possibly another bottom indication. Good
Housing Starts Nov 685K Up 8% from October’s 628K Unusually good since winter is setting in.
Building Permits Nov 681K up 4% from 653K last month. Unusually good
Initial Claims 12/17 364K down slightly from 366K
Continuing Claims 12/10 3546K down slightly from 3603K
Michigan Sentiment - Final Dec 69.9 up slightly from 67.7 -
New Home Sales Nov 315K greatly improved from 307K
PCE Prices - Core Nov 0.1% stable 0.1% and not good for metal’s speculators.

The Bad
MBA Mortgage Index 12/17 declined -2.6% for seasonal reasons after increasing 4.1% last month when sales were up.
Existing Home Sales Nov were 4.42M down from 4.97M still not good thanks to Obama-Holden racist housing policies.
Crude Inventories 12/17 -10.570M dropped sharply after dropping -1.932M last month. Oil prices may rise again if Iran shuts down the Strait of Hormuz
GDP - Third Estimate Q3 1.8% down slightly from 2.0%
Leading Indicators Nov 0.5% down slightly from 0.9% -
FHFA Housing Price Index Oct -0.2% down slightly from -0.1%
Durable Orders Nov - 3.2% down slightly from -0.7%
Personal Income Nov 0.1% not goo, declined from 0.4%
Durable Goods Orders -ex Transportation Nov -0.2% down slightly from0.7%

The indifferent
Personal Spending Nov 0.1% stable and a flat 0.1%-
GDP Deflator - Third Estimate Q3 2.6% up slightly from 2.5%
Durable Orders Nov 3.8% much improved from November’s -0.5%
Durable Goods Orders -ex Transportation Nov 0.3% ok but not many aircraft were sold vs. 1.1%

This week
Dec 27 9:00 AM Case-Shiller 20-city Index Oct
Dec 27 10:00 AM Consumer Confidence Dec
Dec 28 7:00 AM MBA Mortgage Index 12/24
Dec 29 8:30 AM Initial Claims 12/24
Dec 29 8:30 AM Continuing Claims 12/17
Dec 29 9:45 AM Chicago PMI Dec
Dec 29 10:00 AM Pending Home Sales Nov
Dec 29 11:00 AM Crude Inventories 12/24
Dec 30 9:45 AM Chicago PMI Dec

Market outlook December 27, 2011

This week funds do their best to improve their portfolio for year-end fund performance reports. We expect a good week for investors and expect the good weather in the larger cities and the East Coast relative to the terrible weather last year will improve the mood of the nation as well as retail sales and business in general.

The rally continued and our indicators are saying it will continue for a while. In addition to an improving US and German economic outlook, smart American investors are getting out of insolvent government backed bonds and back into the stock market. That is bullish but we should be ready to take profits as they recover near July highs. Remember though that January was very good last year and the market went down significantly afterwards. But American stocks could still rise close to this past year’s highs by the end of January. The NYSE MACD is definitely bullish and implies we could see the bull market last until November 2012.
http://www.martincapital.com/index.php?page=graph&view=macd

Real estate has turned the corner with the latest home sales, housing starts, and the recent NAHB survey giving more confirmations. But the market will not take off until Americans are confident that Obama and his racist-leftist supporters will be ejected in 2012. Racist liar-loans to Obama’s minority group brought down the American banks after several years of racist minority group appointments to the highest levels of Fannie and Freddie by democrat-socialist.
http://www.martincapital.com/index.php?page=graph&view=permits_and_construction

When it comes to jobs, Obama has to manipulate the government statistics just like all communists do to pretend things are better. Sales are up because consumers have been refinancing dropping their monthly expenses. http://www.martincapital.com/index.php?page=graph&view=unemployment

The VIX has is approaching 20 which would indicate complacency. That means the coming exuberant rally will be a good time to take profits and raise cash.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=6m&l=on&z=m&q=l&c=

We predict we could possibly have as much as 95% recovery. But realize that as the upside potential is approached, then the downside risk exceeds the upside potential and it is time to lighten up. Also, remember January was very good last year and the market went down significantly afterwards so January is not necessarily a good predictor for the year. View 1yr. See:
http://finance.yahoo.com/echarts?s=^NYA+Interactive#chart4:symbol=^nya;range=1y;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined

Growth in bulk shipments in November was down and still at less than 20% of the bulk trade level that existed before Obama declared the USA was in a depression in one of his 2007 campaign speeches. http://www.bloomberg.com/apps/quote?ticker=BDIY:IND

Stock market update:
Asian Stock markets were down last night. China down –1.1%, Hong Kong closed, India closed, S. Korea down –0.8% and Japan down –0.8%.

European markets are up today in a range –0.2% to +1% half way through their day.

American market futures are up about +0.4% in after hour trading at 7:00 AM EST. It is an unreliable predictor.

National security as well as economic advisers to the Socialist regime have close ties to defense, homeland security, energy companies and as

National security as well as economic advisers to the Socialist regime have close ties to defense, homeland security, energy companies and have received trillions in federal contracts since 2004. The worst abuser is GE with who’s CEO advises Obama on jobs creation as well. But that is not all. George Soros is also one of Obama’s most sought after advisors. Obama even appointed a Czar who said her favorite leader is Mao, the communist butcher of China! Obama appoints Czars so that he does not have to expose his Marxists to Senate scrutiny. The original Czars were totalitarian dictators who made Marxists look like good fairies.

We expect retail sales to be up more than 8% as the weather helps improve the mood and there is a year-end surge. We then expect a stock market surge in January as the good news is reported.

Netflix CEO Hastings’ stock options were cut by 50%. Aren’t you glad we did not recommend the stock when Jim Cramer was saying to buy it at the high and Barrons wrote it up for a buy as well. You know you can just go to your neighborhood library and borrow the DVDs free of charge for a week. It is amazing that Netflix can even stay in business.

Gold declined for the third time in four days on signs of a strengthening US job market and a drop in holdings astute fund investors. We have warned for over a year that a depression is still a greater threat than inflation. We just cannot know how real the recovery has been because Marxists manufacture their economic data.

The Holden Justice Department on Wednesday announced the largest residential lending settlement in history, saying that Bank of America had agreed to pay $335 million to settle administration allegations against Countrywide Financial. More than 10,000 minority borrowers chose low interest subprime mortgages with higher fees because they wanted to flip their property in three years while other borrowers with similar credit profiles who were not tempted to make a “quick buck” flip and requested longer term higher interest mortgages with lower fees. The racist-socialists now consider it a crime to allow people to chose the financing they want. Everyone had the same choice and there are many lenders to choose from.

World markets
It is beginning to look like Greece and Portugal will not survive as EU members using tied to the EURO but they could still be members as Britain is.

The IFW and RWI institutes both released predictions showing similar 2012 economic growth for Germany and there will be no debt crisis or recession in Germany in 2012. The Munich-based Ifo institute’s business climate index, based on a survey of 7,000 executives, today climbed to 107.2 from 106.6 in November. American economists had predicted a decline. Business confidence in America is also increasing for a gradual economic advance in 2012.

Since the European Central Bank offered unlimited three-year loans to the region’s banks it has stabilized the European situation and boosting demand for higher-yielding assets. Spanish government notes and Italian bonds are gaining.

With such corruption and espionage even among “friendly” Asian nations, investments in Asia have a 1998 type disaster in 2012.

China’s stock market is also now breaking down below the lows of July 2010. China’s goods remain inferior and their prices are no longer as competitive so we expect Japan and South Korea will start eating China’s lunch. China however is on the verge of releasing free enterprise. 

Asian markets (especially China) care failing to break out even on the second and third times at resistance levels.
http://finance.yahoo.com/intlindices?e=asia

Germany is showing strength: Choose 2 or 5 years
http://finance.yahoo.com/echarts?s=%5EGDAXI+Interactive#chart2:symbol=^gdaxi;range=2y;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on

The Swiss are showing strength. Choose 2 or 5 years http://finance.yahoo.com/echarts?s=%5ESSMI+Interactive#chart1:symbol=^ssmi;range=2y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined

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

American Economy
The US markets are showing strength. The US economy may not dip as Americans increasingly have hope that the Obama Regime will be thrown out of office so Americans can change back to an honest free enterprise system. Obama administration corruption rivals that of Greece and Italy.

This Week So Far
NAHB Housing Market Index Dec now 21 up from 20, possibly another bottom indication. Good
Housing Starts Nov 685K Up 8% from October’s 628K Unusually good since winter is setting in.
Building Permits Nov 681K up 4% from 653K last month. Unusually good
MBA Mortgage Index 12/17 declined -2.6% for seasonal reasons after increasing 4.1% last month when sales were up.
Existing Home Sales Nov were 4.42M down from 4.97M still not good thanks to Obama-Holden racist housing policies.
Crude Inventories 12/17 -10.570M dropped sharply after dropping -1.932M last month. Oil prices may rise again if Iran shuts down the Strait of Hormuz
Initial Claims 12/17 364K down slightly from 366K
Continuing Claims 12/10 3546K down slightly from 3603K
GDP - Third Estimate Q3 1.8% down slightly from 2.0% -
GDP Deflator - Third Estimate Q3 2.6% up slightly from 2.5% -
Michigan Sentiment - Final Dec 69.9 up slightly from 67.7 -
Leading Indicators Nov 0.5% down slightly from 0.9% -
FHFA Housing Price Index Oct -0.2% down slightly from -0.1%
Durable Orders Nov - 3.2% down slightly from -0.7%
Durable Goods Orders -ex Transportation Nov - -0.2% down slightly from0.7%

Today
Dec 23 8:30 AM Durable Orders Nov
Dec 23 8:30 AM Durable Goods Orders -ex Transportation Dec
Dec 23 8:30 AM Personal Income Nov
Dec 23 8:30 AM Personal Spending Nov
Dec 23 8:30 AM PCE Prices - Core Nov
Dec 23 10:00 AM New Home Sales Nov


Market outlook December 24, 2011

We expect good weather in the larger cities and the East Coast relative to the terrible weather last year will improve the mood of the nation as well as retail sales and business in general. The rally continued and our indicators are saying it will continue for a while. In addition to an improving US and German economic outlook, smart American investors are getting out of insolvent government backed bonds and back into the stock market. That is bullish but we should be ready to take profits as they recover near July highs. Remember though that January was very good last year and the market went down significantly afterwards. But American stocks could still rise close to this past year’s highs by the end of January. The NYSE MACD is definitely bullish and implies we could see the bull market last until November 2012.
http://www.martincapital.com/index.php?page=graph&view=macd

Real estate has turned the corner with the latest home sales, housing starts, and the recent NAHB survey giving more confirmations. But the market will not take off until Americans are confident that Obama and his racist-leftist supporters will be ejected in 2012. Racist liar-loans to Obama’s minority group brought down the American banks after several years of racist minority group appointments to the highest levels of Fannie and Freddie by democrat-socialist.
http://www.martincapital.com/index.php?page=graph&view=permits_and_construction

When it comes to jobs, Obama has to manipulate the government statistics just like all communists do to pretend things are better. Sales are up because consumers have been refinancing dropping their monthly expenses. http://www.martincapital.com/index.php?page=graph&view=unemployment

The VIX has is approaching 20 which would indicate complacency. That means the coming exuberant rally will be a good time to take profits and raise cash.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=6m&l=on&z=m&q=l&c=

We had advanced once over 60% of the total recent August decline and predict we could possibly have as much as 95% recovery. But realize that as the upside potential is approached, then the downside risk exceeds the upside potential and it is time to lighten up. Also, remember January was very good last year and the market went down significantly afterwards so January is not necessarily a good predictor for the year. View 1yr. See:
http://finance.yahoo.com/echarts?s=^NYA+Interactive#chart4:symbol=^nya;range=1y;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined

Growth in bulk shipments in November was down and still at less than 20% of the bulk trade level that existed before Obama declared the USA was in a depression in one of his 2007 campaign speeches. http://www.bloomberg.com/apps/quote?ticker=BDIY:IND

Stock market update:
Asian Stock markets were mixed last night. China up 0.9% %, Hong Kong up 1.4%, India down -0.5%, S. Korea up 1.1% and Japan closed.

European markets are up today in a range +0.7% to +1.1% half way through their day.

American market futures are up about +0.6% in after hour trading at 7:30 AM EST. It is an unreliable predictor.

Obama/Holden racism raised its ugly head again favoring those who chose liar loans with short-term lower interest rates but slightly higher fees due t

Obama/Holden racism raised its ugly head again favoring those who chose liar loans with short-term lower interest rates but slightly higher fees due to the turnover maintenance costs.

The racist Holden Justice Department on Wednesday announced the largest racist residential racist-lending settlement in history, saying that Bank of America had agreed to pay $335 million to settle racist Obama administration allegations that its acquired Countrywide Financial unit previously discriminated against black borrowers during the housing boom by charging them higher fees for their liar loans. Racist Holden concluded that Countrywide also steered more than 10,000 minority borrowers into low interest subprime mortgages with higher fees because they wanted to flip their property in three years while white borrowers with similar credit profiles who were not tempted to make a “quick buck” requested longer term higher interest mortgages with lower fees. The racist-socialists now consider it a crime to allow people to chose the financing they want. Everyone had the same choice and there are many lenders to choose from.

World markets
The IFW and RWI institutes both released predictions showing similar 2012 economic growth for Germany and there will be no debt crisis or recession in Germany in 2012. The Munich-based Ifo institute’s business climate index, based on a survey of 7,000 executives, today climbed to 107.2 from 106.6 in November. American economists had predicted a decline. Business confidence in America is also increasing for a gradual economic advance in 2012.

Since the European Central Bank offered unlimited three-year loans to the region’s banks it has stabilized the European situation and boosting demand for higher-yielding assets. Spanish government notes and Italian bonds are gaining.

With such corruption and espionage even among “friendly” Asian nations, investments in Asia could have a 1998 type disaster in 2012.

China’s stock market is also now breaking down below the lows of July 2010. That means the tide that carries all Asian ships is falling and we can expect many new shipwrecks on the China reefs because this could be the first major disruption of China’s credit and their first major Asian stock market panic, world wide. It could also be China’s first venture into personal liberty and a much more prosperous future. Chinese people in villages are demonstrating for liberty against their government that is driving them off of traditional farmlands.

Asian markets (especially China) care failing to break out some on the second and third times at resistance levels.
http://finance.yahoo.com/intlindices?e=asia

Germany is showing strength: Choose 2 or 5 years
http://finance.yahoo.com/echarts?s=%5EGDAXI+Interactive#chart2:symbol=^gdaxi;range=2y;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on

The Swiss are showing strength. Choose 2 or 5 years http://finance.yahoo.com/echarts?s=%5ESSMI+Interactive#chart1:symbol=^ssmi;range=2y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined

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

American Economy
The US markets are showing strength. The US economy may not dip as Americans increasingly have hope that the Obama Regime will be thrown out of office so Americans can change back to an honest free enterprise system. Obama administration corruption rivals that of Greece and Italy.

This Week So Far
NAHB Housing Market Index Dec now 21 up from 20, possibly another bottom indication. Good
Housing Starts Nov 685K Up 8% from October’s 628K Unusually good since winter is setting in.
Building Permits Nov 681K up 4% from 653K last month. Unusually good
MBA Mortgage Index 12/17 declined -2.6% for seasonal reasons after increasing 4.1% last month when sales were up.
Existing Home Sales Nov were 4.42M down from 4.97M still not good thanks to Obama-Holden racist housing policies.
Crude Inventories 12/17 -10.570M dropped sharply after dropping -1.932M last month. Oil prices may rise again if Iran shuts down the Strait of Hormuz

Today
Dec 22 8:30 AM Initial Claims 12/17
Dec 22 8:30 AM Continuing Claims 12/10
Dec 22 8:30 AM GDP - Third Estimate Q3
Dec 22 8:30 AM GDP Deflator - Third Estimate Q3
Dec 22 9:55 AM Michigan Sentiment - Final Dec
Dec 22 10:00 AM Leading Indicators Nov
Dec 22 10:00 AM FHFA Housing Price Index Oct

This Week Dec
23 8:30 AM Durable Orders Nov
Dec 23 8:30 AM Durable Goods Orders -ex Transportation Dec
Dec 23 8:30 AM Personal Income Nov
Dec 23 8:30 AM Personal Spending Nov
Dec 23 8:30 AM PCE Prices - Core Nov
Dec 23 10:00 AM New Home Sales Nov


Market outlook December 22, 2011

Stocks leveled off after surging almost 3% on Wednesday but the revival in Europe sentiment bodes well for a revival of the rally. In addition to an improving US and German economic outlook, American investors are getting out of insolvent government backed bonds and back into the stock market. That is bullish but we should be ready to take profits as they recover neat July highs. Remember though that January was very good last year and the market went down significantly afterwards. But American stocks could still rise close to this past year’s highs by the end of January. The NYSE MACD is definitely bullish and implies we could see the bull market last until November 2012.
http://www.martincapital.com/index.php?page=graph&view=macd

Real estate has turned the corner with the latest home sales, housing starts, and the recent NAHB survey giving more confirmations. But the market will not take off until Americans are confident that Obama and his racist-leftist supporters will be ejected in 2012. Racist liar-loans to Obama’s minority group brought down the American banks after several years of racist minority group appointments to the highest levels of Fannie and Freddie by democrat-socialist.
http://www.martincapital.com/index.php?page=graph&view=permits_and_construction

When it comes to jobs, Obama has to manipulate the government statistics just like all communists do to pretend things are better. Sales are up because consumers have been refinancing dropping their monthly expenses. http://www.martincapital.com/index.php?page=graph&view=unemployment

The VIX has is approaching 20 which would indicate complacency. That means the coming exuberant rally will be a good time to take profits and raise cash.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=6m&l=on&z=m&q=l&c=

We had advanced once over 60% of the total recent August decline and predict we could possibly have as much as 95% recovery. But realize that as the upside potential is approached, then the downside risk exceeds the upside potential and it is time to lighten up. Also, remember January was very good last year and the market went down significantly afterwards so January is not necessarily a good predictor for the year. View 1yr. See:
http://finance.yahoo.com/echarts?s=^NYA+Interactive#chart4:symbol=^nya;range=1y;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined

Growth in bulk shipments in November was down and still at less than 20% of the bulk trade level that existed before Obama declared the USA was in a depression in one of his 2007 campaign speeches. http://www.bloomberg.com/apps/quote?ticker=BDIY:IND

Stock market update:
Asian Stock markets were down slightly last night. China down –0.2%, Hong Kong down -0.2%, India up 0.8%, S. Korea down -03.1% and Japan up –0.8%.

European markets are up big today in a range +0.4% to +2.2% half way through their day.

American market futures are up about +0.4% in after hour trading at 7:30 AM EST. It is an unreliable predictor.

USA housing starts in November were higher than at any time in the past 19 months.

Remember that GE/MSNBC/Pravda/ Jim Cramer said it bottomed in July of 2009, 17 months ago and now Jimmy is at DEFCON 2.

Democrat-socialists run from the Capitol after getting nothing done so that Obama can take is tenth vacation this year without people noticing.

Socialists say the problem is between the rich and the poor. Most Americans now know the problem in America is really between the:
1. educated and/or competent and/or hard working people vs. the
2. uneducated and/or incompetent and/or lazy.
It is up to people to decide how they would like to live. Normal people can chose either to be any one or more of educated and/or competent and/or hard working people. But if someone chooses all three of the irresponsible behaviors (to be uneducated, and to be incompetent for any job, and to be lazy) they then end up very poor indeed in any society and it is entirely their own doing. . In socialist countries the problem is that the moron socialist commissars and political appointee Czars get rich quick. But the problem is not that they are rich but that they form the dictatorship of the proletariat.
World markets
The IFW and RWI institutes both released predictions showing similar 2012 economic growth for Germany and there will be no debt crisis or recession in Germany in 2012. The Munich-based Ifo institute’s business climate index, based on a survey of 7,000 executives, today climbed to 107.2 from 106.6 in November. American economists had predicted a decline. Business confidence in America is also increasing for a gradual economic advance in 2012.

Since the European Central Bank offered unlimited three-year loans to the region’s banks it has stabilized the European situation and boosting demand for higher-yielding assets. Spanish government notes and Italian bonds are gaining.

Sweden’s central bank cut its main interest rate to stimulate growth next year.

With such corruption even among “friendly” Asian nations, investments in Asia could be a 1998 type disaster in 2012.

Hong Kong rents, fell last quarter for the first time since mid-2009, are continuing their fall and banks and hedge funds are dumping such investments amid the threat of an Asian financial crisis like the late 1990’s.
.
Indian stocks are ending 2011 with the worst decline among the world’s largest equity markets, and analysts say the worst is still just around the corner for India.

China’s stock market is also now breaking down below the lows of July 2010. That means the tide that carries all Asian ships is falling and we can expect many new shipwrecks on the China reefs because this could be the first major disruption of China’s credit and their first major Asian stock market panic, world wide. It could also be China’s first venture into personal liberty and a much more prosperous future. Chinese people in villages are demonstrating for liberty against their government that is driving them off of traditional farmlands.

World markets are failing to break out some on the second and third times at resistance levels.
http://finance.yahoo.com/intlindices?e=asia

China testing recent lows. http://finance.yahoo.com/echarts?s=000001.SS+Interactive#chart1:symbol=000001.ss;range=2y;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined

Germany testing resistance level: Choose 2 or 5 years
http://finance.yahoo.com/echarts?s=%5EGDAXI+Interactive#chart2:symbol=^gdaxi;range=2y;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on

The Swiss testing resistance level. Choose 2 or 5 years http://finance.yahoo.com/echarts?s=%5ESSMI+Interactive#chart1:symbol=^ssmi;range=2y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined

Emerging markets triple bounce but still testing resistance level.
http://finance.yahoo.com/echarts?s=^BVSP+Interactive#chart1:symbol=^bvsp;range=2y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefine

American Economy
The US economy may not dip as Americans increasingly have hope that the Obama Regime will be thrown out of office so Americans can change back to an honest free enterprise system. Obama administration corruption rivals that of Greece and Italy.

This Week So Far
NAHB Housing Market Index Dec now 21 up from 20, possibly another bottom indication. Good
Housing Starts Nov 685K Up 8% from October’s 628K Unusually good since winter is setting in.
Building Permits Nov 681K up 4% from 653K last month. Unusually good

Today
Dec 21 7:00 AM MBA Mortgage Index 12/17
Dec 21 10:00 AM Existing Home Sales Nov
Dec 21 10:30 AM Crude Inventories 12/17

This Week
Dec 22 8:30 AM Initial Claims 12/17
Dec 22 8:30 AM Continuing Claims 12/10
Dec 22 8:30 AM GDP - Third Estimate Q3
Dec 22 8:30 AM GDP Deflator - Third Estimate Q3
Dec 22 9:55 AM Michigan Sentiment - Final Dec
Dec 22 10:00 AM Leading Indicators Nov
Dec 22 10:00 AM FHFA Housing Price Index Oct

Dec 23 8:30 AM Durable Orders Nov
Dec 23 8:30 AM Durable Goods Orders -ex Transportation Dec
Dec 23 8:30 AM Personal Income Nov
Dec 23 8:30 AM Personal Spending Nov
Dec 23 8:30 AM PCE Prices - Core Nov
Dec 23 10:00 AM New Home Sales Nov


Market outlook December 21, 2011

Stocks surged almost 3% as investors reject GE/MSNBC/Pravda’s Jim Cramer with his DEFCON 2 nuclear attack readiness warning. In addition to an improving economic outlook, investors are getting back into the stock market as “safe” sovereign bonds wrack up losses. That is bullish but we should be ready to take profits. Now is when people are taking losses for tax purposes but if investors suddenly become bullish the selling will become scarce and the buying frenzy will quickly push the market up. Remember though that January was very good last year and the market went down significantly afterwards. But American stocks are still well above this year’s lows and could still rise close to this past year’s highs by the end of January. The NYSE MACD is definitely bullish and implies we could see the bull market last until November 2012.
http://www.martincapital.com/index.php?page=graph&view=macd

Real estate has turned the corner with the latest housing starts and recent NAHB survey giving more confirmations. But the market will not take off until Americans are confident that Obama and his leftist supporters will be ejected in 2012. Six Fannie and Freddie democrat-socialist corrupt democrat-socialist appointees have now been charged with fraud. Newt Gingrich rises in the polls even after it is disclosed he tool $1.5 million for his advice to Fannie and Freddie not to give liar loans. We advised the same thing but we did it at no charge to taxpayers.
http://www.martincapital.com/index.php?page=graph&view=permits_and_construction

When it comes to jobs, Obama has to manipulate the government statistics just like all communists do to pretend things are better. Sales are up because consumers have been refinancing dropping their monthly expenses. http://www.martincapital.com/index.php?page=graph&view=unemployment

The VIX has is 24 approaching 20 which would indicate complacency.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=6m&l=on&z=m&q=l&c=

We had advanced once over 60% of the total recent August decline and predict we could possibly have as much as 95% recovery. But realize that as the upside potential is approached, then the downside risk exceeds the upside potential and it is time to lighten up. Also, remember January was very good last year and the market went down significantly afterwards so January is not necessarily a good predictor for the year. View 1yr. See:
http://finance.yahoo.com/echarts?s=^NYA+Interactive#chart4:symbol=^nya;range=1y;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined

Growth in bulk shipments in November was down and still at less than 20% of the bulk trade level that existed before Obama declared the USA was in a depression in one of his 2007 campaign speeches. Obama and Dodd caused the fear that triggered the only American bank run of the recent Obama/Dodd depression. http://www.bloomberg.com/apps/quote?ticker=BDIY:IND

Stock market update:
Asian Stock markets were up last night. China down –1.1%, Hong Kong up 1.9%, India up 3.4%, S. Korea up 3.1% and Japan up 1.5%.

European markets are up today in a range -0.1% to +1% half way through their day.

American market futures are up about +0.2% in after hour trading at 7:30 AM EST. It is an unreliable predictor.

The IfW and RWI institutes both released predictions showing similar 2012 economic growth for Germany

Previous bailed out General Motors Co. union and their GM board directors blocked attempts by Chinese investors to save Sweden’s Saab Automobile Co. forcing Saab to file for bankruptcy on Monday, giving up its desperate struggle to stay in business.


The six-month housing sales expectation outlook rose 1 point to 26, and the largest gain was seen in prospective buyer traffic, which rose 3 points to 18. 26 means that 26% of those in real estate that were polled expected improved sales. That is still very low but indicates the market has bottomed. Remember GE/MSNBC/Pravda/ Jim Cramer said it bottomed in July of 2009, 17 months ago.


Socialists say the problem is between the rich and the poor. Most Americans now know the problem is really between the:
1. educated and/or competent and/or hard working people vs. the
2. uneducated and/or incompetent and/or lazy.
It is up to people to decide how they would like to live. Normal people can chose either to be any one or more of educated and/or competent and/or hard working people. But if someone chooses all three of the irresponsible behaviors (to be uneducated, and to be incompetent for any job, and to be lazy) they then end up very poor indeed in any society and it is entirely their own doing.

World markets
The IfW and RWI institutes both released predictions showing similar economic growth for Germany and there will be no debt crisis or recession in Germany in 2012. The Munich-based Ifo institute’s business climate index, based on a survey of 7,000 executives, today climbed to 107.2 from 106.6 in November. American economists had predicted a decline. Business confidence in America is also increasing for a gradual economic advance in 2012.

Since the European Central Bank offered unlimited three-year loans to the region’s banks it has stabilized the European situation and boosting demand for higher-yielding assets. Spanish government notes rose for an eighth day and Italian bonds are now gaining too.

Sweden’s central bank cut its main interest rate to stimulate growth next year.

With such corruption even among “friendly” Asian nations, investments in Asia could be a 1998 type disaster in 2012.

Hong Kong rents, fell last quarter for the first time since mid-2009, are continuing their fall and banks and hedge funds are dumping such investments amid the threat of an Asian financial crisis like the late 1990’s.
.
Indian stocks are ending 2011 with the worst decline among the world’s largest equity markets, and analysts say the worst is still just around the corner for India.

China’s stock market is also now breaking down below the lows of July 2010. That means the tide that carries all Asian ships is falling and we can expect many new shipwrecks on the China reefs because this could be the first major disruption of China’s credit and their first major Asian stock market panic, world wide. It could also be China’s first venture into personal liberty and a much more prosperous future. Chinese people in villages are demonstrating for liberty against their government that is driving them off of traditional farmlands.

World markets are failing to break out some on the second and third times at resistance levels.
http://finance.yahoo.com/intlindices?e=asia

China testing recent lows. http://finance.yahoo.com/echarts?s=000001.SS+Interactive#chart1:symbol=000001.ss;range=2y;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined

Germany testing resistance level: Choose 2 or 5 years
http://finance.yahoo.com/echarts?s=%5EGDAXI+Interactive#chart2:symbol=^gdaxi;range=2y;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on

The Swiss testing resistance level. Choose 2 or 5 years http://finance.yahoo.com/echarts?s=%5ESSMI+Interactive#chart1:symbol=^ssmi;range=2y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined

Emerging markets triple bounce but still testing resistance level.
http://finance.yahoo.com/echarts?s=^BVSP+Interactive#chart1:symbol=^bvsp;range=2y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefine

American Economy
The US economy may not dip as Americans increasingly have hope that the Obama Regime will be thrown out of office so Americans can change back to an honest free enterprise system. Obama administration corruption rivals that of Greece and Italy.

This Week So Far
NAHB Housing Market Index Dec now 21 up from 20, possibly another bottom indication.

Today
Dec 20 8:30 AM Housing Starts Nov
Dec 20 8:30 AM Building Permits Nov

This Week
Dec 21 7:00 AM MBA Mortgage Index 12/17
Dec 21 10:00 AM Existing Home Sales Nov
Dec 21 10:30 AM Crude Inventories 12/17

Dec 22 8:30 AM Initial Claims 12/17
Dec 22 8:30 AM Continuing Claims 12/10
Dec 22 8:30 AM GDP - Third Estimate Q3
Dec 22 8:30 AM GDP Deflator - Third Estimate Q3
Dec 22 9:55 AM Michigan Sentiment - Final Dec
Dec 22 10:00 AM Leading Indicators Nov
Dec 22 10:00 AM FHFA Housing Price Index Oct

Dec 23 8:30 AM Durable Orders Nov
Dec 23 8:30 AM Durable Goods Orders -ex Transportation Dec
Dec 23 8:30 AM Personal Income Nov
Dec 23 8:30 AM Personal Spending Nov
Dec 23 8:30 AM PCE Prices - Core Nov
Dec 23 10:00 AM New Home Sales Nov


Market outlook December 20, 2011

Stocks declined slightly yesterday on very low volume. That is good news but volume always is low at this time of year. It is beginning to look like sales will be up significantly this year and the rally could go into the January sales report. Remember though that January was very good last year and the market went down significantly afterwards. American stocks are still well above this year’s lows. Jim Cramer has his follower’s at DEFCON 2, which is one level from nuclear attack readiness. In addition investors are getting back into the stock market as “safe” sovereign bonds wrack up losses. That is bullish but it is too late to buy and we should be ready to take profits. Now is when people are taking losses for tax purposes and the first week of January will be when many begin taking profits for tax purposes.

Real estate has possibly turned the corner with the latest NAHB survey giving another confirmation. But the market will not take off until Americans are confident that Obama and his leftist supporters will be thrown out of office in 2012 or even later in 2015 if he is re-elected. Six Fannie and Freddie democrat-socialist corrupt appointees have now been charged with fraud. Newt Gingrich rises in the polls even after it is disclosed he tool $1.5 million for his advice to Fannie and Freddie not to give liar loans. We advised the same thing but we did it at no charge to taxpayers.
http://www.martincapital.com/index.php?page=graph&view=permits_and_construction

When it comes to jobs, Obama has to manipulate the government statistics just like all communists do to pretend things are better. Sales are up because consumers have been refinancing dropping their monthly expenses. http://www.martincapital.com/index.php?page=graph&view=unemployment

The VIX has is 24 approaching 20 which would indicate complacency and the end of the bull market is setting in.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=6m&l=on&z=m&q=l&c=

We had advanced once over 60% of the total recent August decline and predict we could possibly have as much as 95% recovery. But realize that as the upside potential is approached, then the downside risk exceeds the upside potential and it is time to lighten up. Also, remember January was very good last year and the market went down significantly afterwards so January is not necessarily a good predictor for the year. View 1yr. See:
http://finance.yahoo.com/echarts?s=^NYA+Interactive#chart4:symbol=^nya;range=1y;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined

Growth in bulk shipments in November was down and still at less than 20% of the bulk trade level that existed before Obama declared the USA was in a depression in one of his 2007 campaign speeches. Obama and Dodd caused the fear that triggered the only American bank run of the recent Obama/Dodd depression. http://www.bloomberg.com/apps/quote?ticker=BDIY:IND

Stock market update:
Asian Stock markets were flat last night. China down –0.1%, Hong Kong up 0.1%, India down –1.3%, S. Korea up 0.9% and Japan up 0.5%.

European markets are up today in a range -0.3% to +0.9% half way through their day.

American market futures are up about +0.8% at 7:30 AM EST. It is an unreliable predictor.

With such corruption even among “friendly” Asian nations, investments in Asia could be a 1998 type disaster now.

US Judge Jed Rakoff has been a frequent critic of the SEC. Last month he refused to approve the SEC’s $285m settlement with Citigroup over its sale of a mortgage-related security, citing the SEC’s policy to allow companies to settle allegations without admitting or denying wrongdoing. The SEC sued only two Citigroup officials and not others in 2009 for failing to disclose nearly $40bn in subprime mortgages. The fine was about 0.7% of what they stole from the taxpayers who bailed them out.

Socialists say the problem is between the rich and the poor. Most Americans now know the problem is really between the:
1. educated and/or competent and/or hard working people vs. the
2. uneducated and/or incompetent and/or lazy.
It is up to people to decide how they would like to live. Normal people can chose either to be any one or more of educated and/or competent and/or hard working people. But if someone chooses all three of the irresponsible behaviors (to be uneducated, and to be incompetent for any job, and to be lazy) they then end up very poor indeed in any society and it is entirely their own doing.

World markets
The death of the insane N. Korean leader made the Asian world nervous but now seems to be good for the world markets. There is now news is that S. Korea attacks American companies that try to invest there. Lone Star Funds, a Dallas-based buyout firm spent about $3 billion and five years entangled by S. Korean courts, regulators and corrupt lawmakers over the potential profits on its investment. It was kangaroo court convicted of stock manipulation and two attempts to cash out were undone by lawsuits. Lone Star agreed this month to sell out for about a $3 billion loss which is almost a 50% loss from what they paid for their S. Korean investment in 2007. With such corruption even among “friendly” Asian nations, investments in Asia could be a 1998 type disaster now.

Hong Kong rents, fell last quarter for the first time since mid-2009, are continuing their fall and banks and hedge funds are dumping such investments amid the threat of an Asian financial crisis like the late 1990’s.
.
Indian stocks are ending 2011 with the worst decline among the world’s largest equity markets, and analysts say the worst is still just around the corner for India.

China’s stock market is also now breaking down below the lows of July 2010. That means the tide that carries all Asian ships is falling and we can expect many new shipwrecks on the China reefs because this could be the first major disruption of China’s credit and their first major Asian stock market panic, world wide. It could also be China’s first venture into personal liberty and a much more prosperous future. Chinese people in villages are demonstrating for liberty against their government that is driving them off of traditional farmlands.

World markets are failing to break out some on the second and third times at resistance levels.
http://finance.yahoo.com/intlindices?e=asia

China testing recent lows. http://finance.yahoo.com/echarts?s=000001.SS+Interactive#chart1:symbol=000001.ss;range=2y;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined

Germany testing resistance level: Choose 2 or 5 years
http://finance.yahoo.com/echarts?s=%5EGDAXI+Interactive#chart2:symbol=^gdaxi;range=2y;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on

The Swiss testing resistance level. Choose 2 or 5 years http://finance.yahoo.com/echarts?s=%5ESSMI+Interactive#chart1:symbol=^ssmi;range=2y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined

Emerging markets triple bounce but still testing resistance level.
http://finance.yahoo.com/echarts?s=^BVSP+Interactive#chart1:symbol=^bvsp;range=2y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefine

American Economy
The US economy may not dip as Americans increasingly have hope that the Obama Regime will be thrown out of office so Americans can change back to an honest free enterprise system. Obama administration corruption rivals that of Greece and Italy.

Last week
The good
Treasury Budget Nov -$137 down from -$150.4 last month, -good
Export Prices ex-ag. Nov -0.1% not dropping as much -1.5% still good
Import Prices ex-oil Nov -0.2% stll dropping -0.2% still ok
Crude Inventories 12/10 -1.932M dropped from 1.336M but prices are falling anyway- good
PPI Nov 0.3% 0.1% 0.1% -0.3% -
Empire Manufacturing Dec 9.53 up from 0.61
Core PPI Nov 0.1% 0.0% 0.1% 0.0% -
Capacity Utilization Nov 77.8% still good and no change 77.8%
Philadelphia Fed Dec 10.3 up from 3.60
Friday
CPI Nov 0.0% is better than -0.1% last month
Core CPI Nov up 0.2% is less deflationary than 0.1% last month

The bad
Retail Sales Nov 0.2% down from October’s 0.5% -bad
Retail Sales ex-auto Nov 0.2% down from October’s 0.6% -bad
Business Inventories Oct 0.8% surged up from October’s 0.0% -bad
MBA Mortgage Index 12/10 4.1% down from 12.8% seasonal but not good
Initial Claims 12/10 366K still very high but reported down from 381K
Continuing Claims 12/03 3603K up from 3583K
Current Account Balance Q3 -$110.3B still very bad -$118.0B -
Net Long-Term TIC Flows Oct $4.8B a drastic drop in foreign investment from $68.6B
Industrial Production Nov -0.2% a big decline from 0.7%

Today
Dec 19 10:00 AM NAHB Housing Market Index Dec

This Week
Dec 20 8:30 AM Housing Starts Nov
Dec 20 8:30 AM Building Permits Nov

Dec 21 7:00 AM MBA Mortgage Index 12/17
Dec 21 10:00 AM Existing Home Sales Nov
Dec 21 10:30 AM Crude Inventories 12/17

Dec 22 8:30 AM Initial Claims 12/17
Dec 22 8:30 AM Continuing Claims 12/10
Dec 22 8:30 AM GDP - Third Estimate Q3
Dec 22 8:30 AM GDP Deflator - Third Estimate Q3
Dec 22 9:55 AM Michigan Sentiment - Final Dec
Dec 22 10:00 AM Leading Indicators Nov
Dec 22 10:00 AM FHFA Housing Price Index Oct

Dec 23 8:30 AM Durable Orders Nov
Dec 23 8:30 AM Durable Goods Orders -ex Transportation Dec
Dec 23 8:30 AM Personal Income Nov
Dec 23 8:30 AM Personal Spending Nov
Dec 23 8:30 AM PCE Prices - Core Nov
Dec 23 10:00 AM New Home Sales Nov


Market outlook December 19, 2011

American stocks are still well above this year’s lows. Jim Cramer has his follower’s at DEFCON 2, which is one level from nuclear attack readiness. In addition investors are getting back into the stock market as “safe” sovereign bonds wrack up losses. That is bullish but it is too late to buy and we should be ready to take profits. Now is when people are taking losses and the first week of January will be when many begin taking profits for tax purposes.

Real estate has possibly turned the corner but will not take off until Americans are confident that Obama and his leftist supporters will be thrown out of office in 2012 or even later in 2015 if he is re-elected. Six Fannie and Freddie democrat-socialist corrupt appointment have now been charged with fraud. Newt Gingrich rises in the polls even after it is disclosed he tool $1.5 million for his advice to Fannie and Freddie not to give liar loans. We advised the same thing but we did it at no charge to taxpayers.
http://www.martincapital.com/index.php?page=graph&view=permits_and_construction

When it comes to jobs, Obama has to manipulate the government statistics just like all communists do to pretend things are better. Sales are up because consumers have been refinancing dropping their monthly expenses. http://www.martincapital.com/index.php?page=graph&view=unemployment

Look how low the VIX has to go before the market top is hit! A level as low as 20 would indicate complacency and the end of the bull market.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=6m&l=on&z=m&q=l&c=

We had advanced once over 60% of the total recent decline and predict we could possibly have as much as 95% recovery. Market Vector agrees with us. But realize that as the upside potential is approached, then the downside risk exceeds the upside potential and it is time to lighten up. View 6 mos. See: http://finance.yahoo.com/echarts?s=^NYA+Interactive#chart1:symbol=^nya;range=6m;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined

Growth in bulk shipments in November was down and still at less than 20% of the bulk trade level that existed before Obama declared the USA was in a depression in one of his 2007 campaign speeches. Obama and Dodd caused the fear that triggered the only American bank run of the recent Obama/Dodd depression. http://www.bloomberg.com/apps/quote?ticker=BDIY:IND

Stock market update:
Asian Stock markets were down last night. China down –0.3%, Hong Kong down –1.2%, India down –0.7%, S. Korea down –3.4% and Japan down -1.3%.

European markets are up today in a range +0.3% to +1.2% half way through their day.

American market futures are up about +0.6% at 7:30 AM EST. It is an unreliable predictor.

China is experiencing the second test this year of their evolution into a free enterprise nation and a true world leader.

China is experiencing the second test this year of their evolution into a free enterprise nation and a true world leader. A village of 20000people in China’s Guangdong Province rebelled after Communist leaders began selling their farms to developers. The villagers are now surrounded by police when tensions escalated between residents and local officials over the death of a protest leader in custody. They failed the first test and due to secrecy it is suspected that they murdered most of the first protestors. But this time they are allowing news coverage which is really the only way to build trust. The villagers only have enough food and water to hold out for 10 days. Chinese shoppers curb spending watching to see if life will get better or if there will be a return to communist insane brutality.

Socialists say the problem is between the rich and the poor. Most Americans now know the problem is really between the:
1. educated and/or competent and/or hard working people vs. the
2. uneducated and/or incompetent and/or lazy.
It is up to people to decide how they would like to live. Normal people can chose either to be any one or more of educated and/or competent and/or hard working people. But if someone chooses all three of the irresponsible behaviors (to be uneducated, and to be incompetent for any job, and to be lazy) they then end up very poor indeed in any society and it is entirely their own doing.

World markets
Indian stocks are ending 2011 with the worst decline among the world’s largest equity markets, and analysts say the worst is just around the corner.

Gold is down about 20% now from its highs and is testing lows getting ready for a downside breakout. Gold broke the closing low of this past September. World recession and depression always makes cash king and gold holders paupers especially when people use charge cards and no one has free cash in their mattresses anymore. Instead gold sellers all have their swimming pools full of gold like Obama wants to have with his $1billion shakedown for his election.
http://www.tfc-charts.w2d.com/chart/ZG/C0

Silver is also testing lows. If silver breaks below $30 or gold breaks 1600 we expect both gold and silver will be in free-fall at that point.
http://www.tfc-charts.w2d.com/chart/SV_/C0

Putin election fraud causes ruble to extend its worst losing streak in three year.

China’s stock market now appears to be breaking down more than 5% below the lows of July 2010. That means the tide that carries all ships is falling and we can expect many new shipwrecks on the China reefs because this could be the first major disruption of China’s credit and their first major stock market panic, world wide. It could also be China’s first venture into personal liberty and a much more prosperous future. Chinese people in villages are demonstrating for liberty against their government driving them off of traditional farmlands.

India’s industrial output shrank for the first time in 28 months, pushing stocks and the rupee lower on concern faltering growth will force the central bank to suspend its fight against India’s highest inflation of the BRIC nations.
Production at factories, utilities and mines fell 5.1 percent from a year earlier in October.

Brazil cut their 2012 economic forecast for the benchmark interest rate for the second straight week on expectations of slower growth in the wake of the EU’s worsening debt crisis.

World markets are failing to break out some on the second and third times at resistance levels.
http://finance.yahoo.com/intlindices?e=asia

China testing recent lows. http://finance.yahoo.com/echarts?s=000001.SS+Interactive#chart1:symbol=000001.ss;range=2y;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined

Germany testing resistance level: Choose 2 or 5 years
http://finance.yahoo.com/echarts?s=%5EGDAXI+Interactive#chart2:symbol=^gdaxi;range=2y;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on

The Swiss testing resistance level. Choose 2 or 5 years http://finance.yahoo.com/echarts?s=%5ESSMI+Interactive#chart1:symbol=^ssmi;range=2y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined

Emerging markets triple bounce but still testing resistance level.
http://finance.yahoo.com/echarts?s=^BVSP+Interactive#chart1:symbol=^bvsp;range=2y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefine

American Economy
The US economy may not dip as Americans increasingly hope that the Obama Regime will be thrown out of office so Americans can change back to an honest free enterprise system.

So far this week
The good
Treasury Budget Nov -$137 down from -$150.4 last month, -good
Export Prices ex-ag. Nov -0.1% not dropping as much -1.5% still good
Import Prices ex-oil Nov -0.2% stll dropping -0.2% still ok
Crude Inventories 12/10 -1.932M dropped from 1.336M but prices are falling anyway- good
PPI Nov 0.3% 0.1% 0.1% -0.3% -
Empire Manufacturing Dec 9.53 up from 0.61
Core PPI Nov 0.1% 0.0% 0.1% 0.0% -
Capacity Utilization Nov 77.8% still good and no change 77.8%
Philadelphia Fed Dec 10.3 up from 3.60

The bad
Retail Sales Nov 0.2% down from October’s 0.5% -bad
Retail Sales ex-auto Nov 0.2% down from October’s 0.6% -bad
Business Inventories Oct 0.8% surged up from October’s 0.0% -bad
MBA Mortgage Index 12/10 4.1% down from 12.8% seasonal but not good
Initial Claims 12/10 366K still very high but reported down from 381K
Continuing Claims 12/03 3603K up from 3583K
Current Account Balance Q3 -$110.3B still very bad -$118.0B -
Net Long-Term TIC Flows Oct $4.8B a drastic drop in foreign investment from $68.6B
Industrial Production Nov -0.2% a big decline from 0.7%


Today
Dec 16 8:30 AM CPI Nov
Dec 16 8:30 AM Core CPI Nov


Market outlook December 16, 2011

American stocks rose yesterday and still have not broken lows.

Real estate has possibly turned the corner but will not take off until Americans are confident that Obama and his leftist supporters will be thrown out of office in 2012 or even later in 2015 if he is re-elected.
http://www.martincapital.com/index.php?page=graph&view=permits_and_construction

When it comes to jobs, Obama has to manipulate the government statistics just like all communists do to pretend things are better.
http://www.martincapital.com/index.php?page=graph&view=unemployment

Look how low the VIX has to go before the market top is hit! A level as low as 20 would indicate complacency and the end of the bull market.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=6m&l=on&z=m&q=l&c=

We had advanced once over 60% of the total recent decline and predict we could possibly have as much as 95% recovery. Market Vector agrees with us. But realize that as the upside potential is approached, then the downside risk exceeds the upside potential and it is time to lighten up. View 6 mos. See: http://finance.yahoo.com/echarts?s=^NYA+Interactive#chart1:symbol=^nya;range=6m;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined

Growth in bulk shipments in November was down and still at less than 20% of the bulk trade level that existed before Obama declared the USA was in a depression in one of his 2007 campaign speeches. Obama and Dodd caused the fear that triggered the only American bank run of the recent Obama/Dodd depression. http://www.bloomberg.com/apps/quote?ticker=BDIY:IND

Stock market update:
Asian Stock markets were mixed last night. China up 2%, Hong Kong up 1.4%, India down –2.2%, S. Korea up 1.2% and Japan up 0.3%.

European markets are up today in a range +1% to –0.4% half way through their day.

American market futures are up about 0.7% at 7:30 AM EST. It is an unreliable predictor.

People can chose to be uneducated, incompetent and lazy, but if they chose all three they end up poor.

Obama agrees to enforce the climate hoax in the USA with an agreed outcome in 2015 that has legal force.

UN carbon offsets for the man attributed climate-warming hoax, are headed for a record 25 percent weekly decline because the hoax will die a quiet death when Obama is thrown out of office. The deal struck this week at the UN meeting gives the biggest polluters the ambiguity of three options in 2015, setting the stage for renewed discord between productive and welfare nations who want something for the fact the do nothing. Obama would have to change the US constitution to give the UN power over the US government to legally force the US to comply with UN directives. That is the path India prefers. India, China and the EU later agreed to replace “legal outcome” with “agreed outcome with legal force.”

House Republicans unveiled a $1 trillion budget for hundreds of government programs in a bid to force U.S. lawmakers to wrap up their work for the year.

Republicans aim to put the more than 1,200-page spending measure to a vote tomorrow, a move designed to give them an advantage in a separate battle with Democrats over extending an expiring payroll tax cut.

A short-term bill funding federal agencies expires tomorrow and without action by Congress, the government will partially shut down. House Appropriations Committee Chairman Hal Rogers, a Kentucky Republican, said his colleagues want to pass a spending bill thus increasing pressure on the Democratic-controlled Senate to accept. Democrats have been holding up the legislation on concerns that approval would ensure the House recess, forcing them to accept the first real budget since Obama took office and began governing using executive decrees.

The real problem with Obama is he is that he is creating a voting majority with no skin in the financing of America.   And then you end up with a welfare state like Greece or worse yet a communist regime like Obama’s best friend, President Hugo Chavez has.

Socialists say the problem is between the rich and the poor. Most Americans now know the problem is really between the:
1. educated and/or competent and/or hard working people vs. the
2. uneducated and/or incompetent and/or lazy.
It is up to people to decide how they would like to live. Normal people can chose either to be any one or more of educated and/or competent and/or hard working people. But if someone chooses all three of the irresponsible behaviors (to be uneducated, and to be incompetent for any job, and to be lazy) they then end up very poor indeed in any society and it is entirely their own doing.

World markets
Gold is down about 20% now from its highs and is testing lows getting ready for a downside breakout. Gold broke the closing low of this past September. World recession and depression always makes cash king and gold holders paupers especially when people use charge cards and no one has free cash in their mattresses anymore. Instead gold sellers all have their swimming pools full of gold like Obama wants to have with his $1billion shakedown for his election.
http://www.tfc-charts.w2d.com/chart/ZG/C0

Silver is also testing lows. If silver breaks below $30 or gold breaks 1600 we expect both gold and silver will be in free-fall at that point.
http://www.tfc-charts.w2d.com/chart/SV_/C0

Putin election fraud causes ruble to extend its worst losing streak in three year.

China’s stock market now appears to be breaking down more than 5% below the lows of July 2010. That means the tide that carries all ships is falling and we can expect many new shipwrecks on the China reefs because this could be the first major disruption of China’s credit and their first major stock market panic, world wide. It could also be China’s first venture into personal liberty and a much more prosperous future. Chinese people in villages are demonstrating for liberty against their government driving them off of traditional farmlands.

India’s industrial output shrank for the first time in 28 months, pushing stocks and the rupee lower on concern faltering growth will force the central bank to suspend its fight against India’s highest inflation of the BRIC nations.
Production at factories, utilities and mines fell 5.1 percent from a year earlier in October.

Brazil cut their 2012 economic forecast for the benchmark interest rate for the second straight week on expectations of slower growth in the wake of the EU’s worsening debt crisis.

World markets are failing to break out some on the second and third times at resistance levels.
http://finance.yahoo.com/intlindices?e=asia

China testing recent lows. http://finance.yahoo.com/echarts?s=000001.SS+Interactive#chart1:symbol=000001.ss;range=2y;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined

Germany testing resistance level: Choose 2 or 5 years
http://finance.yahoo.com/echarts?s=%5EGDAXI+Interactive#chart2:symbol=^gdaxi;range=2y;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on

The Swiss testing resistance level. Choose 2 or 5 years http://finance.yahoo.com/echarts?s=%5ESSMI+Interactive#chart1:symbol=^ssmi;range=2y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined

Emerging markets triple bounce but still testing resistance level.
http://finance.yahoo.com/echarts?s=^BVSP+Interactive#chart1:symbol=^bvsp;range=2y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefine

American Economy
The US economy may not dip as Americans increasingly hope that the Obama Regime will be thrown out of office so Americans can change back to an honest free enterprise system.

So far this week
The good
Treasury Budget Nov -$137 down from -$150.4 last month, -good
Export Prices ex-ag. Nov -0.1% not dropping as much -1.5% still good
Import Prices ex-oil Nov -0.2% stll dropping -0.2% still ok
Crude Inventories 12/10 -1.932M dropped from 1.336M but prices are falling anyway- good

The bad
Retail Sales Nov 0.2% down from October’s 0.5% -bad
Retail Sales ex-auto Nov 0.2% down from October’s 0.6% -bad
Business Inventories Oct 0.8% surged up from October’s 0.0% -bad
MBA Mortgage Index 12/10 4.1% down from 12.8% seasonal but not good

Today
Dec 15 8:30 AM Initial Claims 12/10
Dec 15 8:30 AM Continuing Claims 12/03
Dec 15 8:30 AM PPI Nov
Dec 15 8:30 AM Core PPI Nov
Dec 15 8:30 AM Empire Manufacturing Dec
Dec 15 8:30 AM Current Account Balance Q3
Dec 15 9:00 AM Net Long-Term TIC Flows Oct
Dec 15 9:15 AM Industrial Production Nov
Dec 15 9:15 AM Capacity Utilization Nov
Dec 15 10:00 AM Philadelphia Fed Dec

This Week
Dec 16 8:30 AM CPI Nov
Dec 16 8:30 AM Core CPI Nov


Market outlook December 15, 2011

American stocks fell again but still have not broken lows. Shareholders may get out of the stock market before January if a rally does not break current upper resistance levels soon.

Real estate has possibly turned the corner but will not take off until Americans are confident that Obama and his leftist supporters will be thrown out of office or even later if he is re-elected.
http://www.martincapital.com/index.php?page=graph&view=permits_and_construction

When it comes to jobs, Obama has to manipulate the government statistics just like all communists do to pretend things are better.
http://www.martincapital.com/index.php?page=graph&view=unemployment

Look how low the VIX has to go before the market top is hit! A level as low as 20 would indicate complacency and the end of the bull market.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=6m&l=on&z=m&q=l&c=

We advanced once over 60% of the total recent decline and predict we could possibly have as much as 95% recovery. Market Vector agrees with us. But realize that as the upside potential is approached, then the downside risk exceeds the upside potential and it is time to lighten up. View 6 mos. See: http://finance.yahoo.com/echarts?s=^NYA+Interactive#chart1:symbol=^nya;range=6m;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined

Growth in bulk shipments in November was down and still at less than 20% of the bulk trade level that existed before Obama declared the USA was in a depression in one of his 2007 campaign speeches. Obama and Dodd caused the fear that triggered the only American bank run of the recent Obama/Dodd depression. http://www.bloomberg.com/apps/quote?ticker=BDIY:IND

Stock market update:
Asian Stock markets were down again last night. China down –1.2%, Hong Kong down –2.1%, India down –0.3%, S. Korea down –2.1% and Japan down –1.7%.

European markets are mixed today in a range +1% to –1.7% half way through their day.

American market futures are up about 0.4% at 7:00 AM EST. It is an unreliable predictor.

China’s stock market now appears to be breaking down 5% below the lows of July 2010.

China’s stock market now appears to be breaking down 5% below the lows of July 2010. That means the tide that carries all ships is falling and we can expect many new shipwrecks on the China reefs because this could be the first major disruption of China’s credit and their first panic. It could also be China’s first venture into personal liberty and a much more prosperous future.

Our American economic system compares very favorably with socialist Western European countries that normally have at least twice the American unemployment level punctuated by the same world financial panics and depressions that we have… except often much worse. For instance the unemployment in Spain and Greece seldom is as low as 8% and today it is above 20%. If the Senate Banking Commission corruption of the national mortgage system had not triggered the last meltdown, the sovereign debt problems of the European Union probably would have created a financial collapse by now. In fact economists have studies that trace this boom and bust cycle throughout written history. Boom and bust cycles occurred with every type of government and economy known to man and even a communist country like China can end its perpetual communist economic depression with a little liberty, pay for performance, and free enterprise.

Our system compares especially well with the socialism of the old USSR (Union of Soviet Socialist Republics) which existed for fifty years in a perpetual state of depression during which many millions of their citizens were put to death by their government. Even so, there are some current day politicians who apparently agree with Communist Karl Marx that capitalism (American Free Enterprise) is now dead. Perhaps we can help dislodge such silly notions.

The real problem with Obama is he is that he is creating a voting majority with no skin in the financing of America.   And then you end up with a welfare state like Greece or worse yet a communist regime like Obama’s best friend, President Hugo Chavez has.

World markets
Gold is down 15% now from its highs and is testing lows getting ready for a downside breakout. World recession and depression always makes cash king and gold holders paupers especially when people use charge cards and no one has free cash in their mattresses anymore. Instead gold sellers all have their swimming pools full of gold like Obama wants to have with his $1billion shakedown for his election.
http://www.tfc-charts.w2d.com/chart/ZG/C0

Silver is also testing lows.
http://www.tfc-charts.w2d.com/chart/SV_/C0

China is now the first nation since Japan to try to start a trade war. China will impose punitive duties for General Motors Co. (GM) vehicles as high as 12.9 percent, and up to 8.8 percent for Chrysler Group LLC, the ministry said in a statement on its website because Obama bailed them out. The U.S. units of foreign cars will face duties of up to 2.7 percent. That is in addition to the tariffs of 25 percent China already imposes on imported cars. Remember how Japan did the same thing with American products before they fell from #2 in the world when everyone said they would be #1 by 1990? It turns out Japan went into a 20yr socialist recession starting in 1990 instead. That is what we predict for China. There is a book out that says China will be # 1 in five years. We think they will be in a chronic recession in three years unless the Chinese rise up and replace communism with liberty and a free enterprise system. China’s stock market has now broken down and 5% below the lows of July 2010. That means they may be headed for a recession or a depression right now.

India’s industrial output shrank for the first time in 28 months, pushing stocks and the rupee lower on concern faltering growth will force the central bank to suspend its fight against India’s highest inflation of the BRIC nations.
Production at factories, utilities and mines fell 5.1 percent from a year earlier in October.

Brazil cut their 2012 economic forecast for the benchmark interest rate for the second straight week on expectations of slower growth in the wake of the EU’s worsening debt crisis.

World markets are failing to break out some on the second and third times at resistance levels.
http://finance.yahoo.com/intlindices?e=asia

China testing recent lows. http://finance.yahoo.com/echarts?s=000001.SS+Interactive#chart1:symbol=000001.ss;range=2y;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined

Germany testing resistance level: Choose 2 or 5 years
http://finance.yahoo.com/echarts?s=%5EGDAXI+Interactive#chart2:symbol=^gdaxi;range=2y;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on

The Swiss testing resistance level. Choose 2 or 5 years http://finance.yahoo.com/echarts?s=%5ESSMI+Interactive#chart1:symbol=^ssmi;range=2y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined

Emerging markets triple bounce but still testing resistance level.
http://finance.yahoo.com/echarts?s=^BVSP+Interactive#chart1:symbol=^bvsp;range=2y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefine

American Economy
The US economy may not dip as Americans increasingly hope that the Obama Regime will be thrown out of office so Americans can change back to an honest free enterprise system.

So far this week
Treasury Budget Nov -$137 down from -$150.4 last month, -good

Today
Retail Sales Nov 0.2% down from October’s 0.5% -bad
Retail Sales ex-auto Nov 0.2% down from October’s 0.6% -bad
Business Inventories Oct 0.8% surged up from October’s 0.0% -bad

This Week
Dec 14 7:00 AM MBA Mortgage Index 12/10
Dec 14 8:30 AM Export Prices ex-ag. Nov
Dec 14 8:30 AM Import Prices ex-oil Nov
Dec 14 10:30 AM Crude Inventories 12/10
Dec 15 8:30 AM Initial Claims 12/10
Dec 15 8:30 AM Continuing Claims 12/03
Dec 15 8:30 AM PPI Nov
Dec 15 8:30 AM Core PPI Nov
Dec 15 8:30 AM Empire Manufacturing Dec
Dec 15 8:30 AM Current Account Balance Q3
Dec 15 9:00 AM Net Long-Term TIC Flows Oct
Dec 15 9:15 AM Industrial Production Nov
Dec 15 9:15 AM Capacity Utilization Nov
Dec 15 10:00 AM Philadelphia Fed Dec
Dec 16 8:30 AM CPI Nov
Dec 16 8:30 AM Core CPI Nov


Market outlook December 14, 2011

Stocks still fail to break out of recent highs. Where is the breakout and short squeeze? It is starting to look less likely Obama’s luck will hold out. Shareholders may get out of the stock market before January if a rally does not break current resistance levels soon.

Real estate has possibly turned the corner but will not take off until Americans are confident that Obama and his leftist supporters will be thrown out of office or even later if he is re-elected.
http://www.martincapital.com/index.php?page=graph&view=permits_and_construction

When it comes to jobs, Obama has to manipulate the government statistics just like all communists do to pretend things are better. http://www.martincapital.com/index.php?page=graph&view=unemployment

We are at the critical upside resistance level now and it needs a breakout so the advance resumes and triggers a short squeeze that could rum stocks up close to previous highs of this year. If the rally occurs, then in a moth or two that will be the time to get back into cash. Complacency has not set in at all yet. There is still just not much short seller fear at this point. Look how low the VIX has to go before the market top is hit! A level as low as 20 would indicate complacency and the end of the bull market.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=6m&l=on&z=m&q=l&c=

We advanced once over 60% of the total recent decline and predict we could possibly have as much as 95% recovery. Market Vector agrees with us. But realize that as the upside potential is approached, then the downside risk exceeds the upside potential and it is time to lighten up. View 6 mos. See: http://finance.yahoo.com/echarts?s=^NYA+Interactive#chart1:symbol=^nya;range=6m;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined

China’s economy is cooling as their exports weaken and the Communist government cracks down on property speculation, banking irregularities and political corruption. Growth in bulk shipments in November was down and still at less than 20% of the bulk trade level that existed before Obama declared the USA was in a depression in one of his 2007 campaign speeches. Obama and Dodd caused the fear that triggered the only American bank run of the recent Obama/Dodd depression. Customs data released on Dec. 10 showed that when seasonal distortions are removed the Chinese trade surplus shrank from a year earlier Insert into explorer and look at the 5yr trend at the bottom of the page.
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND

Stock market update:
Asian Stock markets were down again last night. China down –0.9%, Hong Kong down –0.5%, India closed, S. Korea down –0.3% and Japan down –0.4%.

European markets are down sharply today in a range +0.1% to –1.8% half way through their day.

American market futures are down about -0.3% at 8:00 AM EST. It is an unreliable predictor.

America has approximately 15 million unemployed and 12 million illegal immigrants.

Heard on the street
China’s stock market has now appears to be breaking down below the lows of July 2010. That means the tide that carries all ships is falling and we can expect many many ship wrecks because this could be the first major disruption of credit and their first panic. It could be China’s first venture into personal liberty and a much more prosperous future.

Our American economic system compares very favorably with socialist Western European countries that normally have at least twice the American unemployment level punctuated by the same world financial panics and depressions that we have… except often much worse. For instance the unemployment in Spain and Greece seldom is as low as 8% and today it is above 20%. If the Senate Banking Commission corruption of the national mortgage system had not triggered the last meltdown, the sovereign debt problems of the European Union probably would have created a financial collapse by now. In fact economists have studies that trace this boom and bust cycle throughout written history. Boom and bust cycles occurred with every type of government and economy known to man and even a communist country like China can end its perpetual communist economic depression with a little liberty, pay for performance, and free enterprise.

Our system compares especially well with the socialism of the old USSR (Union of Soviet Socialist Republics) which existed for fifty years in a perpetual state of depression during which many millions of their citizens were put to death by their government. Even so, there are some current day politicians who apparently agree with Communist Karl Marx that capitalism (American Free Enterprise) is now dead. Perhaps we can help dislodge such silly notions.

Let us not forget that Senators Dodd and Barney Frank created the real estate crisis by calling it “racist redlining” and discrimination if lenders asked mortgage applicants if they had a source of legal income and if they could afford to make the mortgage payments on the house they wanted.

Let us not forget that before the “Dodd Frank phony mortgages” brought on the collapse of the American economy, Senator Obama then became the first American politician in the history of America to declare that the USA was in a depression and Senator Dodd quickly created the first run on aCalifornia Bank since the Great Depression by revealing secret Senate Banking Committee information about the bank’s lack of liquidity.

We will soon be rid of Senators Dodd and Barney Frank who along with Senator Obama created the current world crisis. We can only hope that Obama will step down soon and give America a chance to get back on track.

“Screw the taxpayers to buy the corrupt politicians,” is Obama’s campaign contribution slogan. This racket is going on in every single State that allows collective state employee bargaining with leftist arbitration of disagreements. No wonder Obama wants card check like they invented in the USSR. Only in the USSR the corrupt workers party carried red flags not union cards and the honest workers were sent to Siberia. Communism is still the goal of the banana republic tag team of Hugo Chavez and Obama. Now the State of Wisconsin is free to put the insurance contract out for bids and behold, they have saved so much money it has turned deficits into surpluses. As a result, none of the teachers had to be laid off, everyone got a raise, etc., etc., and the taxpayers of Wisconsin don't have to pay more taxes to fund the corrupt socialist push to take away American liberties such as our right to keep the fruits of our labor.

Machinists asked the National Labor Relations Board to drop a complaint against the Boeing Co. (BA) after union members approved a new contract that increases production in Seattle and averts the risk of a third straight strike. Obama is now destroying America’s ability to compete in all the aerospace markets. The EU, China, and Russia are doing well under Obama’s aerospace dictatorship.

Obama does not realize that what the EU is going through is what Obama is setting the USA up to go through in about 7 years and that is to default on debt and financialy hurt everyone who owns US Treasuries with a great loss. The USA needs to throw out the socialist Democrats who believe in spending beyond our means on giving welfare instead of giving an education in American work ethics.

World markets
China’s stock market has now broken down below the lows of July 2010. That means they may be headed for a recession or a depression now.

India’s industrial output shrank for the first time in 28 months, pushing stocks and the rupee lower on concern faltering growth will force the central bank to suspend its fight against India’s highest inflation of the BRIC nations.
Production at factories, utilities and mines fell 5.1 percent from a year earlier in October.

China’s economy, the second largest after the USA, is cooling as their exports weaken and the Communist government cracks down on property speculation, banking irregularities and political corruption. Growth in bulk shipments in November was down and still at less than 20% of levels during their economic boom. Customs data released on Dec. 10 showed that when seasonal distortions are removed the Chinese trade surplus shrank from a year earlier.

Brazil cut their 2012 economic forecast for the benchmark interest rate for the second straight week on expectations of slower growth in the wake of the EU’s worsening debt crisis.

World markets are failing to break out some on the second and third times at resistance levels.
http://finance.yahoo.com/intlindices?e=asia

China testing recent lows. http://finance.yahoo.com/echarts?s=000001.SS+Interactive#chart1:symbol=000001.ss;range=2y;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined

Germany testing resistance level: Choose 2 or 5 years
http://finance.yahoo.com/echarts?s=%5EGDAXI+Interactive#chart2:symbol=^gdaxi;range=2y;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on

The Swiss testing resistance level. Choose 2 or 5 years http://finance.yahoo.com/echarts?s=%5ESSMI+Interactive#chart1:symbol=^ssmi;range=2y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined

Emerging markets triple bounce but still testing resistance level.
http://finance.yahoo.com/echarts?s=^BVSP+Interactive#chart1:symbol=^bvsp;range=2y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefine

American Economy
The US economy may not dip as Americans increasingly hope that the Obama Regime will be thrown out of office so Americans can change back to an honest free enterprise system.

So far this week
Dec 12 2:00 PM Treasury Budget Nov -$137 down from -$150.4 last month, good

Today
Dec 13 8:30 AM Retail Sales Nov
Dec 13 8:30 AM Retail Sales ex-auto Nov
Dec 13 10:00 AM Business Inventories Oct
Dec 13 2:15 PM FOMC Rate Decision Dec

This Week
Dec 14 7:00 AM MBA Mortgage Index 12/10
Dec 14 8:30 AM Export Prices ex-ag. Nov
Dec 14 8:30 AM Import Prices ex-oil Nov
Dec 14 10:30 AM Crude Inventories 12/10
Dec 15 8:30 AM Initial Claims 12/10
Dec 15 8:30 AM Continuing Claims 12/03
Dec 15 8:30 AM PPI Nov
Dec 15 8:30 AM Core PPI Nov
Dec 15 8:30 AM Empire Manufacturing Dec
Dec 15 8:30 AM Current Account Balance Q3
Dec 15 9:00 AM Net Long-Term TIC Flows Oct
Dec 15 9:15 AM Industrial Production Nov
Dec 15 9:15 AM Capacity Utilization Nov
Dec 15 10:00 AM Philadelphia Fed Dec
Dec 16 8:30 AM CPI Nov
Dec 16 8:30 AM Core CPI Nov


Market outlook December 13, 2011

Stocks still fail to break out of recent highs. Where is the breakout and short squeeze? The US and the world economy may not slip back into a recession in spite of Obama incompetence; but that is starting to look less likely Obama’s luck will hold out. Shareholders may want to get out before January if a rally does not break current resistance levels.

Real estate has possibly turned the corner but will not take off until Americans are confident that Obama and his leftist supporters will be thrown out of office or even later if he is re-elected.
http://www.martincapital.com/index.php?page=graph&view=permits_and_construction

When it comes to jobs, Obama has to manipulate the government statistics just like all communists do to pretend things are better.
http://www.martincapital.com/index.php?page=graph&view=unemployment

We are at the critical upside resistance level now and it needs a breakout so the advance resumes and triggers a short squeeze that could rum stocks up close to previous highs of this year. If the rally occurs, then in a moth or two that will be the time to get back into cash. Complacency has not set in at all yet. There is still just not much short seller fear at this point. Look how low the VIX has to go before the market top is hit! A level as low as 20 would indicate complacency and the end of the bull market.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=6m&l=on&z=m&q=l&c=

We advanced once over 60% of the total recent decline and predict we could possibly have as much as 95% recovery. Market Vector agrees with us. But realize that as the upside potential is approached, then the downside risk exceeds the upside potential and it is time to lighten up. View 6 mos. See: http://finance.yahoo.com/echarts?s=^NYA+Interactive#chart1:symbol=^nya;range=6m;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined

We are still at less than 20% of the bulk trade level that existed before Obama declared the USA was in a depression in one of his campaign speeches. Obama and Dodd caused the fear that triggered the bank run. Insert into explorer and look at the 5yr trend at the bottom of the page.
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND

Stock market update:
Asian Stock markets were down last night. China down –1.9%, Hong Kong down –0.7%, India up 0.8%, S. Korea down -2% and Japan down -1.2%.

European markets are up today in a range –0.1% to +1% half way through their day.

American market futures are up about 0.6% at 9:00 AM EST. It is an unreliable predictor.