The corporation Obama hired to re-organize GM was the same one where Mitt Romney worked.

Doug’s new words for the Obama dictionary
1. Cashtration (n.): The act of buying a house, while Obama and Holden are still permitting liar loans

2. Ignoranus: A socialist, one who's both stupid and an asshole.

3. Intaxicaton: Euphoria at getting a payroll tax refund, which lasts until you realize it was for your future Social Security and you will have to eat dog food like many seniors had to do under Jimmy Carter.

4. RepubliKarmageddon: It's like, when everybody is sending off all these really bad vibes in Congress, right? And then, like, the Earth explodes and it's like, a real serious bummer.

5. Bozone ( n.): The substance surrounding Al Gore that stops intelligent thought from penetrating. The bozone layer, unfortunately, is causing the signs of global warming.

6. Dopeler Effect: The tendency of Obama’s new jobs ideas to seem smarter when they come at you rapidly, and dumber as they go by.

George Bush inherited the Recession and 911 and he never blamed Clinton for his Dot-Com Bubble, Enron, and rocket attacks on Afghanistan and the Mid-East. Obama caused his own “Obama Depression with Senators Reid and Dodd first with “Liar Loans” as their interpretation of affirmative action and then by stupidly declaring a “Great Depression” and thus causing a run on the banks (with the help of Dodd’s leaks) by lying in the Obama election campaign and blaming President Bush. Then Obama blamed Bush for all of America’s lost jobs as he goes out, publicly disgraces Americans showing soldiers who pissed on killers, and announces he is laying of 80,000 soldiers as part of his jobs stimulation package. When Obama was elected he made sure the economy would never recover with “Obama trickle up your leg, peeing economy.”
That is how Obama’s trickle up economy works.
 He give $Billions of Liar-Loans (Obama and Holden still require them for affirmative action)
 he gives reparations to people of his voting block who lie and say their great-grandparents did not get a fair share of government handouts they deserved as “farmers,” and so gives the $30 Billion reparations while bankrupting America.
 and then he pees on the middle class working people’s legs buy removing their Social Security payment and says, “doesn’t that trickle up give you a warm feeling.

But Obama clearly plans to eliminate Social Security based on Worker Payroll contributions and go to strait welfare for senior citizens if he is re-elected. He started that by ending the payroll taxes that finance Social Security and plans to make that permanent. He plans to make Social Security straight trickle up Government Welfare where his lazy, lying, unemployable voting block gets an easy pass to lounge around from cradle to grave and true Americans have to work until they are 70 years old. Obama tells workers that he has eliminated Payroll taxes that fund Social Security in order to stimulate the economy but Obama is lying, he is dismantling Social Security which had been the worker’s money and is replacing it with Welfare which is a politically based handout not an entitlement. “Rich” senior citizens who have $50,000 or a home will not be entitled to Social Security any more. Poor unmarried women with four children will continue to get their “trickle” of $6000 per month welfare.

World markets
Gross domestic product in China, the world’s second-largest economy, grew 8.9 percent in the fourth quarter. China may invest in the world stock markets. That means they will inevitably cause a bubble and instability. Also they will not be transparent in their dealings and will add to market uncertainty.



Asian markets (especially China) are 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 Past Week
Consumer Credit Nov was up $20.4Bin November… a tremendous spending spree that was three times as much new debt as the $7.6B in October. This monthly measure of consumer debt is volatile and subject to massive revisions. When the change is too good it actually is bad for the following month or two. While we can expect very good retail sales reports now, it means consumers will be strapped for a few months, and worried about tax season coming up.
Wholesale Inventories Nov 0.1% still increasing but not as bad as last months 1.6%
MBA Mortgage Purchase Index 01/07 rose sharply +4.5% from last month’s -3.7% good housing news
Crude Inventories 01/07 4.958M increased over 2.209M Yet pump prices are increasing as is crude oil
Initial Claims 01/07 399K up from 372K bad
Continuing Claims 12/31 3628K up from 3595K bad
Retail Sales Dec 0.1% up less than in November’s 0.2% bad
Retail Sales ex-auto Dec -0.2% down compared to November’s 0.2% bad
Business Inventories Nov 0.3% down from Nov’s 0.8% good
Treasury Budget Dec -$84.0B worse again from -$78.1B bad
Trade Balance worsened Nov -$47.8B vs Nov. -$43.5B
Export Prices ex-ag. Dropped Dec -0.2% vs Nov. -0.1% meaning less income
Import Prices ex-oi increased Dec 0.1% vs Nov. -0.2% meaning less purchasing power
Mich Sentiment rose in Jan to 74.0 from 69.9 in Dec

Today
Jan 17 8:30 AM Empire Manufacturing Jan

This Week
Jan 18 7:00 AM MBA Mortgage Index 01/14
Jan 18 7:00 AM MBA Mortgage Purchase Index 01/14
Jan 18 8:30 AM PPI Dec
Jan 18 8:30 AM Core PPI Dec
Jan 18 9:00 AM Net Long-Term TIC Flows Nov-
Jan 18 9:15 AM Industrial Production Dec
Jan 18 9:15 AM Capacity Utilization Dec
Jan 18 10:00 AM NAHB Housing Market Index Jan
Jan 19 8:30 AM Initial Claims 01/14
Jan 19 8:30 AM Continuing Claims 01/07
Jan 19 8:30 AM Core CPI Dec
Jan 19 8:30 AM CPI Dec
Jan 19 8:30 AM Core CPI Dec
Jan 19 8:30 AM CPI Dec
Jan 19 8:30 AM Housing Starts Dec
Jan 19 8:30 AM Building Permits Dec
Jan 19 10:00 AM Philadelphia Fed Jan
Jan 19 11:00 AM Crude Inventories 01/14
Jan 20 10:00 AM Existing Home Sales Dec


Market outlook January 17, 2012
Stocks and copper prices climbed to the highest in almost four months as China’s economic slowdown fueled speculation China’s monetary policy will ease. But that is just an example of ignoranus advertising to get people to pay commissions and paying high fees to buy gold and commodities while there is no other demand. They make up these stories because they are going broke on their bad investments and need more cash.

Earnings reports in January are not likely to be good because the real growth is still negative. We have pointed out negative growth for several quarters now where the growth is less than even the feeble inflation rate.
A stock market consolidation would be in order soon and then perhaps another advance. But the EU is still a problem. Obama military cutbacks could put an end to the slight improvements of this past quarter. But the last quarter appears to have been almost flat. Obama anti-incentive economic policies continue to destroy the very foundation of the American economy. He offers his constituents cradle to grave welfare, which is his way of buying their votes. The only employed Obama constituents have jobs where they just show up for 6 hrs and dole out welfare to his other constituents. The government welfare organization is not integrated… it is a majority of minorities and people of the wrong color have problems and need lawyers to help senior citizens who go broke and lost everything to the collapse of real estate due to Obama’s continuing liar loan government policy.

The NYSE MACD is definitely bullish and implies we could see the bull market last until November 2012. You can also see the down side cross over occurred in May-June of 2011 in plenty of time to get out of the stock market. The upside cross over came in mid October in time to catch the last dip and the rally. But you can see that most stocks have not recovered yet.
http://www.martincapital.com/index.php?page=graph&view=macd

Now Obama and Holden are suing the banks for the money the racist liars lost when the housing market collapsed all because the racist liars defaulted on the houses they purchased with liar loans and no source of income to make mortgage payments.
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 at lower rate and dropping their monthly expenses. That improvement can only last a couple months 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% stock market 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

Bulk shipments 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 2007-2008 campaign speeches. It is also slipping again.
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND

Stock market update:
Asian Stock markets surged last night. China up 4.2%, Hong Kong up 3.2%, India up 1.7%, and Japan up 1.1%

European markets are up today in a range 0.5% to +1.8% with half way through their day.

American market futures are up about 0.8% in after hour trading at 8 AM EST. We may be the end of this Fall rally now. It could continue but erratically. It is getting precarious. Bull markets creep up and then the Hedge funds chop off their heads.