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.