Obama boasted that since he took office U.S. dependence on foreign oil is below 50 percent for the first time in 13 years. “To be sure that is not because the White House meant for that to happen,” said Pavel Molchanov, an analyst at Raymond James & Associates Inc. Obama has done everything he could to cripple American energy in order to sell Solyndra solar panels and electric cars that cost more energy to build than they save. And what is worse, the batteries that go with the systems are more toxic than if the homeowners burned green wood to heat their homes. Many have $60,000 subsidized systems northern America where they are covered with snow and people still burn wood.
William Daley has ended his, unhappy tenure as White House chief of staff just a year after Rahm Emanuel ended his two-year unhappy tenure. Mr. Daley's resignation is in that sense truth in advertising because for nearly a year the White House has really been a re-election campaign not tuned in to the American economy which is ready to fall off another cliff. Obama has been the “DO-Nothin-President” now for three whole years. Mr. Daley knew Bill Clinton, a friend for whom he worked as Commerce Secretary, and Barack Obama is no Bill Clinton. It is not that Obama has no ideas, it is just that they are the same stupid communist solutions that gave the USSR an 80-year Obama type depression.
A Canadian Afghan immigrant businessman, his wife and his son face trial for the 2009 honor killings (drowning deaths of the three teenagers, and of a fourth woman), said by the prosecution to have been the businessman’s abandoned first wife. The young women allegedly shamed the clan with dating and other practices. The three defendants say it was all an unfortunate accident.
World trade “Bulk Shipments” have collapsed to the lowest world bulk trade level that existed since Obama declared the USA was in a depression in one of his 2007-2008 campaign speeches. China’s stocks could fall 50% from here if Obama’s announced “Great Depression” spreads to China. Danger is now immanent.
World markets
The IMF chopped its estimate for 2012 global growth too and warned it could drop as low as 1.3 percent if Europe lets the crisis fester for much longer. IMF chief economist Olivier Blanchard said at a news conference. "There is an even greater danger, namely that the European crisis intensifies, and in this case the world could be plunged into another recession."
Japan is expected report to a trade deficit and to show a slowing economy.
Dry goods trade has plummeted indicating China and India are in for a slow down unless they can stimulate internal consumption.
The French Senate voted to approve legislation making it a crime to deny that the genocide of Armenians early last century was genocide. France risks a new terrorism from Turkey and other psychopathic Moslem states. It is becoming increasingly difficult for psychopathic child molesting Imams to hide behind the Korean. Today children are still sold for sex in some Moslem countries and Christians and Buddhists, Hindus and Jews in those Midieval-Evil societies are virtually non-existent because the Moslems accidentally butcher them and bomb and burn their places of worship everywhere. Mohammed himself took a nine-year-old wife. The Armenians were Christians that were driven out by Moslems and slaughtered like animals as they fled north. The Turks who committed the mass murder were actually the most civilized of all the Moslem nations at the time they committed the genocide. The Moslems run the most oppressive and evil societies in the world and butcher all that oppose their evil societies. The fact that they cannot denounce those religious psychopath activities of the past shows they are as pathological as their ancestors.
European Wack a Mole debt management still is unsuccessful in solving the problem with Greece. Basically banks are being asked to absorb the losses again.
The EU will embargo Iranian crude oil as tension mounts in their evil government.
The World Bank cut its forecast for global growth including China, by the most in three years to 2.5%
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. China’s stocks could fall 50% from here if Obama’s announced “Great Depression” spreads there too.
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
This Week
Jan 25 7:00 AM MBA Mortgage Index 01/21 - NA NA 23.1% -
Jan 25 10:00 AM Pending Home Sales Dec - -3.0% -3.0% 7.3% -
Jan 25 10:00 AM FHFA Housing Price Index Nov - NA NA -0.2% -
Jan 25 10:30 AM Crude Inventories 01/21 - NA NA -3.438M -
Jan 25 12:30 PM FOMC Rate Decision Jan - 0.25% 0.25% 0.25% -
Jan 26 8:30 AM Initial Claims 01/21 - 375K 375K 352K -
Jan 26 8:30 AM Continuing Claims 01/14 - 3550K 3550K 3432K -
Jan 26 8:30 AM Durable Orders Dec - 3.0% 2.0% 3.7% 3.8%
Jan 26 8:30 AM Durable Orders -ex Auto Dec - 1.0% 0.7% 0.3% -
Jan 26 10:00 AM New Home Sales Dec - 310K 322K 315K -
Jan 26 10:00 AM Leading Indicators Dec - 0.7% 0.7% 0.5% -
Jan 27 8:30 AM Chain Deflator-Adv. Q4 - NA NA 2.6% -
Jan 27 8:30 AM GDP-Adv. Q4 - 3.2% 3.1% 1.8% -
Jan 27 8:30 AM Chain Deflator-Adv. Q4 - 0.7% 1.5% 2.6% -
Jan 27 9:55 AM Michigan Sentiment - Final Jan
Market outlook January 25, 2012
It is expected that the FED will provide criteria for when to increase rates and conversely for when to initiate a third round of quantitative easing. Since Obama announced his creation of a George Bush depression when there was just a looming Socialist-Democrat liar loan crisis, Americans have been selling stocks and buying American Treasury bonds thinking that Americans will never have to take a 60% hair cut. So there has bee a great outflow of cash in sudden stock sell-offs followed by a trickle in of Bernanke Quantitative easing. The Obama administration last night talked the free enterprise talk but unfortunately still walks the Bolshevik walk. The election of 2008 will go down as a disaster that gave Obama control of the executive and legislative branches of government to bring in a welfare state. It is fortunate that half of Congress is now free since 2002 and against the Obama Welfare State. Americans will have to put up with at least one more year of the Obama Depression and the growth of the Obama Welfare State. In the mean time we expect Bernanke will give the world another quantitative easing bubble that does nothing but increase American debt. It does not print cash money; it primarily increases American debt and temporarily stimulates spending which raises the stock market until the hedge funds do another computer sell-off. It causes a sell-off of gold and silver because it sets the world up for USSR type permanent rolling depressions or Japanese type permanent rolling recessions.
World trade has now virtually collapsed. We expect the markets will all form head-and-shoulder sell signals now.
The stock market advance is now hitting its 200 DMA resistance level. Even if it breaks through markets will peak within the month, as euphoria seems to be near a high point. Because spending has accelerated the bankruptcy threat increases. The IMF was created and run by the USA to help developing countries. Now it is being taken over by socialists who will steal $500Billion from the developing countries and give it to communist subversives like Soros. The proposed $500Billion theft of IMF funds by Europe Socialist will help bail out socialist George Soros.
The NYSE MACD is still bullish but will follow whatever the market does.
http://www.martincapital.com/index.php?page=graph&view=macd
The VIX indicates extreme complacency now. A sharp computer sell-off could end the current rally any time now and trigger stop-losses with huge losses. When a computer sell-off occurs the stop losses execute too slow compared to the high-speed computer execution of orders.
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. 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 have collapsed to the lowest world bulk trade level that existed since Obama declared the USA was in a depression in one of his 2007-2008 campaign speeches. It is now less than 7% of the international trade that existed just before Obama was elected. This means China and India could now enter the Obama depression.
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stock markets were mostly closed for New Years again last night. China closed, Hong Kong closed, India up 0.5%, and Japan up 1.1%
European markets are down today in a range +0.3% to –1.2% half way through their day.
American market futures are mixed about -0.1% in after hour trading at 9 AM EST.
We are near the end of this rally now. We estimate the peak soon 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 fool 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. Only a world class idiot would raise the specter of a Great Depression to get himself elected.
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