It is disingenuous and moronic to delay the Canada pipeline.

It is disingenuous and moronic to delay the Canada pipeline. The Government labs signed off on it. It is Obama bozone politics as usual. This is reminiscent of Jimmy Carter’s shortages that caused stagflation and lost his election to supply side Ronald Reagan.

Gingrich will be out of politics for good because he took $1,600,000 in fees from Freddie and Fannie the Obama-Holden liar loan mortgage firms that put all the private mortgage firms out of business and caused the Obama Depression.

George Soros’s is worried that Denmark’s mortgage credit system will fail next and take down their banks where he is heavily invested. He made that public because the drug culture presents a special risk in Denmark that he had not accounted for. Sound homeowners can get out of their mortgages there if the derivatives market collapses because their mortgage is securitized by traded derivatives which sound homeowners can buy at fire sales if the homeowner wishes to cash in on the demise of Soros’s poor investments. And that decision is all up to the homeowner not socialist George Soros.

The new vocabulary words of the Obama era.
1. Ignoranus: An Obama socialist advisor, one who's both stupid and an asshole.
2. Cashtration (n.): The act of buying a house, while Obama and Holden are still permitting liar loans.
3. Intaxicaton: Euphoria at getting an Obama 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 Obama’s 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 all fade away.


The corporation Obama hired to re-organize GM was the same one where Mitt Romney worked. The disingenuous ignoranis Obama campaign plans to attack Mitt Romney saying he was a corporation raider and job destroyer like Gordon Gekko: in the 1987 movie, Wall Street. Gordon Gekko in it says, “Now you're not naive enough to think we're living in a democracy, are you buddy? It's the free market. And you're a part of it.” Too bad Obama doesn’t know that the free market does not work in a dictatorship of a communist majority where 98 to 99% vote for socialist bozo the evil clown who promises everything and delivers murder and poverty.

America is the land of liberty and liberty is the source of free enterprise which is what works in a bottoms up free society. The top down socialist, communist, fascist, Nazi, or any other supreme government ruler society never lasted longer than it took to eat the economic elephant they killed. Socialist nations become starving tribes so they kill off their economic elephants and feast until there are none left and then they go back to starvation. Killing and stealing everything they could kept the USSR alive for about 80 years. They killed all their entrepreneurs who knew how to create, how earn a profit. The true socialist knows that all true socialists think that profit is an evil expropriation of the worker’s labor. That is what Karl Marx believed and Mao believed and what Obama believes. But profit comes from the usefulness of the product, and loss comes from the cost of labor. Net profit comes from the difference. We can make things 99% with machines and that is in no way the fruit of labor it is the fruit of human intelligence which socialist lack. American workers in offices are running computers that do 90% of the work and as a result they get four times the salary in the average world economic system and the corporation takes the other 50% of the difference. Americans are paid much more only because our machines do much of our work freeing Americans up to think and be creative, inventive, and risk takers.

And everyone who thought of himself as a supreme ruler was insanely evil and thought he had a right to plunder and murder. But the Founders of the American Republic and most intelligent people including Einstein believed that in this universe there could only be one supreme central ruler. The wannabes are all evil.

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 must 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 even be entitled to Social Security any more until they lose their house. Poor unmarried women with four children will continue to get their “trickle” of $6000 per month welfare. Obama says why shouldn’t his voting block of lazy socialists have everything a working American has because he truly believes jobs are a gift from government. That is what happens to the brains of people who get a lifetime gift of welfare and liar loans based on their dysfunctional lifestyle.

World markets
Germany, Switzerland and Brazil have broken their 200 DMA resistance levels. It remains to be seen if they can remain above that level.

Solar stocks plunged around the world after Obama’s Solyndra supply side production disaster evolved. Now Germany, recently the largest market for panels, said it will cut subsidized rates and phase out demand side support for the industry.

It appears markets will peak within the month, as euphoria seems to be near a high point.

Denmark’s banks may join Greece and Italy and its drug culture presents a special investment risk that could destroy investors in the Danish banks and benefit young sober Danish homeowners who could then buy their securitised mortgages back from George Soros at fire sale low prices.

The World Bank cut its forecast for global growth including China, by the most in three years to 2.5%

George Soros wants Europe to steal $500Billion of IMF funds from developing countries to buy European damaged debt, which will face default later. The Europeans have displaced America which started the IMF with American money and was originally intended to help developing countries. Bankrupt socialist states and socialist George Soros see it as another “elephant” to eat to stay afloat a little longer at the expense of the undeveloped world. Socialists live by the “law of the jungle.”

We expect the markets will all form head-and-shoulder sell signals after breaking their 200 DMA.
Asian markets (especially China) are failing to break out some on the second and third times at resistance levels.
http://finance.yahoo.com/q/ta?s=000001.SS&t=2y&l=on&z=l&q=l&p=e200%2Ce100&a=&c=

Germany broke through the resistance levels: 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 broke through the resistance levels. Choose 2 or 5 years http://finance.yahoo.com/echarts?s=%5ESSMI+Interactive#chart1:symbol=^ssmi;range=2y;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined

Emerging markets show strength. Brazil broke through
http://finance.yahoo.com/echarts?s=^BVSP+Interactive#chart1:symbol=^bvsp;range=2y;indicator=ema(100,200)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined

American Economy
Goldman Sachs profit fell 58%

This Week
Empire Manufacturing Index up Jan to 13.5 from December’s 9.5 and shows manufacturing still doing well. Chinese goods are seeing sharp price rises as China’s wages get better for their workers.
MBA Mortgage Index 01/14 jumped to 23.1% from +4.5% Time to sell
MBA Mortgage Purchase Index 01/14 - NA
PPI Dec -0.1% dropped from 0.3%
Core PPI Dec 0.3% increased from 0.1% That is 3.6% core inflation which is much higher than the fed limit of 2.5%.
Net Long-Term TIC Flows Nov increased to $59.8B from $4.8B indicating foreign money China) may have been responsible for this rise in American stock prices.
Industrial Production Dec 0.4% much improved from -0.2% last month.
Capacity Utilization Dec 78.1% up from 77.8%
NAHB Housing Market Index Jan 25 up from 21 time to sell American housing stocks as they temporarily peak and buy again at lows. Obama is still giving his folks liar loans.

Yesterday
Initial Claims 01/14 352K down from 399K Socialist lie
Continuing Claims 01/07 3432K down from 3628K Socialist lie
Core CPI Dec NA from 0.0% - Socialist deceit
CPI Dec 0.0% 0.0%
Core CPI Dec 0.1% down from 0.2% Socialist lie
CPI Dec - NA from 0.2% - Socialist deceit
Housing Starts Dec 657K down from 685K bad news
Building Permits Dec 679K down from 681K bad news
Philadelphia Fed Jan 7.3 down from 10.3 bad news
Crude Inventories 01/14 -3.438M down from 4.958M bad news

Today
Jan 20 10:00 AM Existing Home Sales Dec

Market outlook January 20, 2012

Bad news for housing after some good news until now and a run-up in housing stock prices. All the Obama leftist policies were either ignoranis or just lies. None of the important promised infrastructure building happened. The money that Obama sent to the states to stimulate infrastructure went to stimulate teacher, state, and other major union salary increases. The recovery rate is net zero because it can’t even match the FED target inflation rate of 2.5%. Obama fiscal stimulus did nothing but stimulate his voting base. He is giving his voting base close to $1Trillion per year and the money disappears to the likes of Leftist Corzine the MF Global chief executive and phony alternative energy projects like Solyndra where the California Democrat party was the only investor to make a to profit.

The money thrown at alternate energy went down the Obama vote buying crapper. The euphoria at the moment is totally due to the stock market recovery which we predicted and which we predict will end in less than a month from now. The advance is now hitting its 200 DMA resistance level. Even if breaks through as we expect
It appears markets will peak within the month, as euphoria seems to be near a high point. We estimate another 5% rise in US markets and a maximum of 8 % potential rise before the next significant decline. It is profit taking time as euphoria peaks again. Because spending has accelerated the bankruptcy threat increases. The proposed $500Billion theft of IMF funds by Europe Socialist is as obscene because it bails out socialist George Soros.
Once again the optimism in the western markets has no basis in any economic turn around as long as Obama is in office. The next rally may very well be based on the world believing America will throw the Obama socialists out. 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.

We expect the markets will all form head-and-shoulder sell signals after breaking their 200 DMA.

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. December sales turned out to be faked Obama statistics. That improvement never existed.
http://www.martincapital.com/index.php?page=graph&view=unemployment

The VIX indicates complacency. That means the exuberant rally is now a good time to take profits and raise cash.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=2y&l=on&z=m&q=l&c=

We predict we are near the end of this stock market recovery. 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 5yr. See:
http://finance.yahoo.com/echarts?s=^NYA+Interactive#chart1:symbol=^nya;range=5y;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 were up last night. China up 1%, Hong Kong up 0.8%, India up 0.6%, and Japan up 1.5%

European markets are down today in a range +0% to -0.7% half way through their day.

American market futures are down about -0.2% in after hour trading at 9 AM EST. We are near the end of this rally now. We estimate the peak within a month in a head-and-shoulders sell signal. The best news for American and world economies and markets would be for Obama to decide not to run so that the Democrats can have a competent candidate not a socialist running. Senator Obama created his Great Depression when he announced it during his campaign and then Senator Dodd leaked secret Banking Committee information that caused the run on the first bank for Obama.