Gangster states China and Russia are supporting the murdering Islamic socialist of Syria and are perceived as fearing they will be next to face revolutions.
We have a stock market completing a strong up-trend, and showing signs of technical fatigue against a backdrop of sentiment that has caught up to the rally. The fundamentals are fading as volume declines and may already be reflected in the price.
Rising oil prices are stalling the American economy the Fed warns. That is due to Obama shutting down American production and refusing to allow Canadian oil to flow into America.
World markets
China is heading toward a hard economic landing. China plans to pirate Apple technology and uses the iPad name to deceive customers with inferior knock-offs. US technology corporations will be forced to pull future production out of china because China’s government gangsters are demanding “protection money” to stay in business in China. See:
http://www.bloomberg.com/news/2012-02-29/apple-says-allowing-china-s-proview-to-use-ipad-brand-would-harm-consumers.html
The free world will soon have to shun corrupt gangster China products built with stolen technology by Chinese slaves.
A Bank of Japan policy board member Hidetoshi Kamezaki said higher oil prices, coupled with the weakening of the Japanese economy and yen, could reduce corporate earnings and dampen consumer spending.
The European Central Bank, which today offered lenders a second round of 1% loans, will help some bank stocks double this year, as they loan at a 5% to 6% rate. Greek bonds however can no longer be used as collateral for loans. Greece is losing the battle to remain on the Euro.
World Bank President Robert Zoellick, called for Beijing to reduce the dominance of state companies. Independent analysts say that state companies are consuming massive subsidies while private companies create most of China's new jobs and wealth.
Standard & Poor's just lowered its credit rating on Greece to ‘selective default. The European Central Bank has temporarily suspended the eligibility of Greek bonds as collateral at the central bank's monetary policy operations.
Elpida Memory Inc., the last Japanese maker of computer-memory chips, filed the nation’s biggest bankruptcy in two years after it failed to win a second government bailout.
South Korea, the fastest-growing producer of greenhouse gases among industrial democracies, rejected a cap- and-trade system to cut carbon emissions.
Italian business confidence fell to a two-year low in February and the economy entered its fourth recession since 2001.
Corruption is a high tax on the free enterprise private engine driving China’s economy. A whole class of Communist elitist parasites has swarmed in China now and is destroying the spirit of new entrepreneurs. China’s stocks could fall 50% from here as Obama’s announced worldwide “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 but is losing steam.
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 hitting a limit now with a head and shoulder sell signal. 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 topping. Brazil broke through moving average but did not set a new high. It is now beginning to look like a head and shoulder sell signal coming soon.
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
Yesterday
Durable Orders Jan -4.0% down sharply from 3.0%
Durable Orders -ex Transportation Jan -3.2% down sharply from 2.2%
Case-Shiller 20-city Index Dec -4.0% worse again from -3.7%
Consumer Confidence Feb 70.8 improved from 61.1
Today
Feb 29 7:00 AM MBA Mortgage Index 02/25
Feb 29 7:00 AM MBA Mortgage Purchase Index 02/25
Feb 29 8:30 AM GDP - Second Estimate Q4
Feb 29 8:30 AM GDP Deflator - Second Estimate Q4
Feb 29 9:45 AM Chicago PMI Feb
Feb 29 10:30 AM Crude Inventories 02/25
Feb 29 2:00 PM Fed's Beige Book Feb
This Week
Mar 1 8:30 AM Initial Claims 02/25
Mar 1 8:30 AM Continuing Claims 02/18
Mar 1 8:30 AM Personal Income Jan
Mar 1 8:30 AM Personal Spending Jan
Mar 1 8:30 AM PCE Prices - Core Jan
Mar 1 10:00 AM ISM Index Feb
Mar 1 10:00 AM Construction Spending Jan
Mar 1 2:00 PM Auto Sales Feb
Mar 1 2:00 PM Truck Sales Feb
Market outlook February 29, 2012
Contrarian “Surprise Index” says the stock market is overpriced. The WSJ said stock investors may be in for a nasty surprise.
http://www.bloomberg.com/quote/CESIUSD:IND
Volume extremely low as the DOW hits the 13000 resistance level and all of the other major indicators are below their previous 2011 highs. The Dow is the investment of crisis. It is the only one near 2008 highs. Investors incorrectly assume the DOW is “safe”.
Head and shoulders sell signals are now forming in S&P and NYSE. DOW rails do not confirm the DOW industrial’s rise. No rail confirmation means there is no DOW buy signal. The market nears a precipice of negative economic data.
Stock market volume is decreasing at a rate of 10% per year under Obama policy concerns. Americans are gradually going broke under Obama. Can America afford another 9 months of Obama?. Stock volume is incredibly thin making it easy to manipulate the market… until the funds pull the plug again.
The VIX shows complacency. A sharp computer sell-off could end the current rally any moment now and trigger huge stop-losses.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=2y&l=on&z=m&q=l&c=
Oil prices could skyrocket now because there are many empty barges that could be used to store oil at a price of $100/barrel to sell later at $180/barrel. That is one way speculators profit from a supply-limited investment. Once prices begin to rise the oil is withheld in proportion to the price rise. When the price rises 10% the suppliers can reduce supply up to 10% and make no less profit. Then as prices rise 50% they worry about losing the opportunity and they begin increasing the supply. Finally when all the oil barges are full the oil price begins to rapidly fall again. There is so much storage capacity at the moment that enough oil cannot be drilled to fill the tankers and supply energy needs at the same time and that is why shortages occur as prices rise. It did not work last year but the economy has declined and tankers are free this year.
Bulk shipments rising slowly again and bulk shippers may be storing oil.
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stock markets were flat last night. China down -1%, Hong Kong up 0.5%, India up 0.1%, and Japan 0%.
European markets are flat today in a range -0.1 % to 0.5% half way through their day.
American market futures are up about 0.2% in after hour trading at 6:30 AM EST.
Wednesday, February 29, 2012
Tuesday, February 28, 2012
Corruption is a high tax on the free enterprise private engine driving China’s economy. A whole class of Communist elitist parasites has swarmed
We have a stock market completing a strong up-trend, and showing signs of technical fatigue against a backdrop of sentiment that has caught up to the rally. The fundamentals are strong but may already be reflected in the price.
Obama gives tax loopholes to billionaires to avoid taxes on their Billions made on IPO’s where they get stock which they later sell for enormous profit. Private equity executives got a major tax loophole from the Obama administration when selling stakes in their firms, potentially saving billionaire Obama campaign contributors such as Stephen Schwarzman and David Rubenstein billions of dollars.
Warren Buffett, who bought into Energy Future Holdings Corp., said the investment is at risk of losing all its value after natural gas prices fell costing Buffett $2 billion.
Rising oil prices are stalling the American economy the Fed warns. That is due to Obama shutting down American production and refusing to allow Canadian oil to flow into America.
US Home ownership went from 64% before liar loans down to 62% home ownership today with the “Obama Liar Loan World Depression”. Obama still supports the principle of Liar Loans and is causing untold damage to the housing industry.
World markets
World Bank President Robert Zoellick, called for Beijing to reduce the dominance of state companies. Independent analysts say that state companies are consuming massive subsidies while private companies create most of China's new jobs and wealth.
Standard & Poor's just lowered its credit rating on Greece to ‘selective default. The European Central Bank has temporarily suspended the eligibility of Greek bonds as collateral at the central bank's monetary policy operations.
Merkel’s German coalition fell short of an absolute majority in the lower chamber in their measure to bail out Greece. That would have required 311 votes. But several people did not vote so she got a majority of 304 votes of the 591 cast. Thus Merkel failed to achieve a “chancellor’s majority,” a politically sensitive bar measuring support among her allies. Nobel-prize winning economist Paul Krugman said Greece is “close” to having no option but to quit the euro.
Elpida Memory Inc., the last Japanese maker of computer-memory chips, filed the nation’s biggest bankruptcy in two years after it failed to win a second government bailout.
South Korea, the fastest-growing producer of greenhouse gases among industrial democracies, rejected a cap- and-trade system to cut carbon emissions.
Italian business confidence fell to a two-year low in February and the economy entered its fourth recession since 2001.
Oil prices fell after a warning from the International Monetary Fund on the global economy sparked concern that prices have climbed too fast for demand to support.
Corruption is a high tax on the free enterprise private engine driving China’s economy. A whole class of Communist elitist parasites has swarmed in China now and is destroying the spirit of new entrepreneurs. China’s stocks could fall 50% from here as Obama’s announced worldwide “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 but is losing steam.
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 hitting a limit now with a head and shoulder sell signal. 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 topping. Brazil broke through moving average but did not set a new high. It is now beginning to look like a head and shoulder sell signal coming soon.
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
Last Week
New Home Sales Jan 321K up 4% in the dead of winter from 307K excellent Obama data manipulation skills
3392K 3426K 3515K 3437K 3554K
Yesterday
Pending Home Sales Jan 2.0% up from December -3.5% Seasonal variation
Today
Feb 28 8:30 AM Durable Orders Jan
Feb 28 8:30 AM Durable Orders -ex Transportation Jan
Feb 28 9:00 AM Case-Shiller 20-city Index Dec
Feb 28 10:00 AM Consumer Confidence Feb
This Week
Feb 29 7:00 AM MBA Mortgage Index 02/25
Feb 29 7:00 AM MBA Mortgage Purchase Index 02/25
Feb 29 8:30 AM GDP - Second Estimate Q4
Feb 29 8:30 AM GDP Deflator - Second Estimate Q4
Feb 29 9:45 AM Chicago PMI Feb
Feb 29 10:30 AM Crude Inventories 02/25
Feb 29 2:00 PM Fed's Beige Book Feb
Mar 1 8:30 AM Initial Claims 02/25
Mar 1 8:30 AM Continuing Claims 02/18
Mar 1 8:30 AM Personal Income Jan
Mar 1 8:30 AM Personal Spending Jan
Mar 1 8:30 AM PCE Prices - Core Jan
Mar 1 10:00 AM ISM Index Feb
Mar 1 10:00 AM Construction Spending Jan
Mar 1 2:00 PM Auto Sales Feb
Mar 1 2:00 PM Truck Sales Feb
Market outlook February 27, 2012
Contrarian “Surprise Index” says the stock market is overpriced. The WSJ said stock investors may be in for a nasty surprise.
http://www.bloomberg.com/quote/CESIUSD:IND
The DOW holds below the 13000 resistance level and all of the other major indicators are below their previous 2011 highs. The Dow is the investment of crisis. It is the only one near 2008 highs. Investors incorrectly assume the DOW is “safe”.
Head and shoulders sell signals are now forming in S&P and NYSE. DOW rails do not confirm the DOW industrial’s rise. No rail confirmation means there is no DOW buy signal. The market nears a precipice of negative economic data.
Stock market volume is decreasing at a rate of 10% per year under Obama policy concerns. Americans are gradually going broke under Obama. Can America afford another 9 months of Obama?. Stock volume is incredibly thin making it easy to manipulate the market… until the funds pull the plug again.
The VIX shows complacency. A sharp computer sell-off could end the current rally any moment now and trigger huge stop-losses.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=2y&l=on&z=m&q=l&c=
Oil prices could skyrocket now because there are many empty barges that could be used to store oil at a price of $100/barrel to sell later at $180/barrel. That is one way speculators profit from a supply-limited investment. Once prices begin to rise the oil is withheld in proportion to the price rise. When the price rises 10% the suppliers can reduce supply up to 10% and make no less profit. Then as prices rise 50% they worry about losing the opportunity and they begin increasing the supply. Finally when all the oil barges are full the oil price begins to rapidly fall again. There is so much storage capacity at the moment that enough oil cannot be drilled to fill the tankers and supply energy needs at the same time and that is why shortages occur as prices rise. It did not work last year but the economy has declined and tankers are free this year.
Bulk shipments are flat lining again and bulk shippers continue to face high losses in the months ahead.
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stock markets were up last night. China up 0.2%, Hong Kong up 1.6%, India up 1.6%, and Japan up 0.9%.
European markets are up today in a range 0.2 % to 0.6% half way through their day.
American market futures are up about 0.4% in after hour trading at 8 AM EST.
Obama gives tax loopholes to billionaires to avoid taxes on their Billions made on IPO’s where they get stock which they later sell for enormous profit. Private equity executives got a major tax loophole from the Obama administration when selling stakes in their firms, potentially saving billionaire Obama campaign contributors such as Stephen Schwarzman and David Rubenstein billions of dollars.
Warren Buffett, who bought into Energy Future Holdings Corp., said the investment is at risk of losing all its value after natural gas prices fell costing Buffett $2 billion.
Rising oil prices are stalling the American economy the Fed warns. That is due to Obama shutting down American production and refusing to allow Canadian oil to flow into America.
US Home ownership went from 64% before liar loans down to 62% home ownership today with the “Obama Liar Loan World Depression”. Obama still supports the principle of Liar Loans and is causing untold damage to the housing industry.
World markets
World Bank President Robert Zoellick, called for Beijing to reduce the dominance of state companies. Independent analysts say that state companies are consuming massive subsidies while private companies create most of China's new jobs and wealth.
Standard & Poor's just lowered its credit rating on Greece to ‘selective default. The European Central Bank has temporarily suspended the eligibility of Greek bonds as collateral at the central bank's monetary policy operations.
Merkel’s German coalition fell short of an absolute majority in the lower chamber in their measure to bail out Greece. That would have required 311 votes. But several people did not vote so she got a majority of 304 votes of the 591 cast. Thus Merkel failed to achieve a “chancellor’s majority,” a politically sensitive bar measuring support among her allies. Nobel-prize winning economist Paul Krugman said Greece is “close” to having no option but to quit the euro.
Elpida Memory Inc., the last Japanese maker of computer-memory chips, filed the nation’s biggest bankruptcy in two years after it failed to win a second government bailout.
South Korea, the fastest-growing producer of greenhouse gases among industrial democracies, rejected a cap- and-trade system to cut carbon emissions.
Italian business confidence fell to a two-year low in February and the economy entered its fourth recession since 2001.
Oil prices fell after a warning from the International Monetary Fund on the global economy sparked concern that prices have climbed too fast for demand to support.
Corruption is a high tax on the free enterprise private engine driving China’s economy. A whole class of Communist elitist parasites has swarmed in China now and is destroying the spirit of new entrepreneurs. China’s stocks could fall 50% from here as Obama’s announced worldwide “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 but is losing steam.
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 hitting a limit now with a head and shoulder sell signal. 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 topping. Brazil broke through moving average but did not set a new high. It is now beginning to look like a head and shoulder sell signal coming soon.
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
Last Week
New Home Sales Jan 321K up 4% in the dead of winter from 307K excellent Obama data manipulation skills
3392K 3426K 3515K 3437K 3554K
Yesterday
Pending Home Sales Jan 2.0% up from December -3.5% Seasonal variation
Today
Feb 28 8:30 AM Durable Orders Jan
Feb 28 8:30 AM Durable Orders -ex Transportation Jan
Feb 28 9:00 AM Case-Shiller 20-city Index Dec
Feb 28 10:00 AM Consumer Confidence Feb
This Week
Feb 29 7:00 AM MBA Mortgage Index 02/25
Feb 29 7:00 AM MBA Mortgage Purchase Index 02/25
Feb 29 8:30 AM GDP - Second Estimate Q4
Feb 29 8:30 AM GDP Deflator - Second Estimate Q4
Feb 29 9:45 AM Chicago PMI Feb
Feb 29 10:30 AM Crude Inventories 02/25
Feb 29 2:00 PM Fed's Beige Book Feb
Mar 1 8:30 AM Initial Claims 02/25
Mar 1 8:30 AM Continuing Claims 02/18
Mar 1 8:30 AM Personal Income Jan
Mar 1 8:30 AM Personal Spending Jan
Mar 1 8:30 AM PCE Prices - Core Jan
Mar 1 10:00 AM ISM Index Feb
Mar 1 10:00 AM Construction Spending Jan
Mar 1 2:00 PM Auto Sales Feb
Mar 1 2:00 PM Truck Sales Feb
Market outlook February 27, 2012
Contrarian “Surprise Index” says the stock market is overpriced. The WSJ said stock investors may be in for a nasty surprise.
http://www.bloomberg.com/quote/CESIUSD:IND
The DOW holds below the 13000 resistance level and all of the other major indicators are below their previous 2011 highs. The Dow is the investment of crisis. It is the only one near 2008 highs. Investors incorrectly assume the DOW is “safe”.
Head and shoulders sell signals are now forming in S&P and NYSE. DOW rails do not confirm the DOW industrial’s rise. No rail confirmation means there is no DOW buy signal. The market nears a precipice of negative economic data.
Stock market volume is decreasing at a rate of 10% per year under Obama policy concerns. Americans are gradually going broke under Obama. Can America afford another 9 months of Obama?. Stock volume is incredibly thin making it easy to manipulate the market… until the funds pull the plug again.
The VIX shows complacency. A sharp computer sell-off could end the current rally any moment now and trigger huge stop-losses.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=2y&l=on&z=m&q=l&c=
Oil prices could skyrocket now because there are many empty barges that could be used to store oil at a price of $100/barrel to sell later at $180/barrel. That is one way speculators profit from a supply-limited investment. Once prices begin to rise the oil is withheld in proportion to the price rise. When the price rises 10% the suppliers can reduce supply up to 10% and make no less profit. Then as prices rise 50% they worry about losing the opportunity and they begin increasing the supply. Finally when all the oil barges are full the oil price begins to rapidly fall again. There is so much storage capacity at the moment that enough oil cannot be drilled to fill the tankers and supply energy needs at the same time and that is why shortages occur as prices rise. It did not work last year but the economy has declined and tankers are free this year.
Bulk shipments are flat lining again and bulk shippers continue to face high losses in the months ahead.
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stock markets were up last night. China up 0.2%, Hong Kong up 1.6%, India up 1.6%, and Japan up 0.9%.
European markets are up today in a range 0.2 % to 0.6% half way through their day.
American market futures are up about 0.4% in after hour trading at 8 AM EST.
Monday, February 27, 2012
Stock market volume is decreasing at a rate of 10% per year under Obama policy concerns. Americans are gradually going broke under Obama.
Obama gives tax loopholes to billionaires to avoid taxes on their Billions made on IPO’s where they get stock which they later sell for enormous profit. Private equity executives got a major tax loophole from the Obama administration when selling stakes in their firms, potentially saving billionaire Obama campaign contributors such as Stephen Schwarzman and David Rubenstein billions of dollars.
Warren Buffett, who bought into Energy Future Holdings Corp., said the investment is at risk of losing all its value after natural gas prices fell costing Buffett $2 billion.
Rising oil prices are stalling the American economy the Fed warns. That is due to Obama shutting down American production and refusing to allow Canadian oil to flow into America.
US Home ownership went from 64% before liar loans down to 62% home ownership with the “Obama Liar Loan World Depression”.
World markets
Elpida Memory Inc., the last Japanese maker of computer-memory chips, filed the nation’s biggest bankruptcy in two years after it failed to win a second government bailout.
South Korea, the fastest-growing producer of greenhouse gases among industrial democracies, rejected a cap- and-trade system to cut carbon emissions.
Italian business confidence fell to a two-year low in February and the economy entered its fourth recession since 2001.
Oil prices fell after a warning from the International Monetary Fund on the global economy sparked concern that prices have climbed too fast for demand to support.
Asian markets (especially China) have still failed to break out some on the third and fourth times at resistance levels. China’s stocks could fall 50% from here if Obama’s announced world wide “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 may be hitting a limit now with a head and shoulder sell signal. 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
Last Week
DELL earnings slid and net income that fell 18% to $764 million, compared with last year’s earnings of $927 million. HP followed with equally bad news.
Home Depot reported profits up 20% but primarily because it was so extremely low last year. Home Depot and Lowes stores are pretty empty of customers these past months after the sales generated by the bad weather last fall.
MBA Mortgage Index 02/18 -4.5% down sharply from -1.0%
Existing Home Sales Jan 4.57M down from 4.61M Housing slumps again due to Obama supporters wanting to stay in their “Liar Houses” free of charge.
Initial Claims 02/18 351K same as last wk 351K
Feb 23 8:30 AM Continuing Claims 02/11 3392K down from 3426K slower decline
Feb 23 10:00 AM FHFA Housing Price Index Dec 0.7% down from 1.0% Not good for housing
Feb 23 11:00 AM Crude Inventories 02/18 1.633M up from -0.171M Energy shortage looming due to Obama production cuts
Friday
Michigan Sentiment - Final Feb 75.3 improved from 72.5
New Home Sales Jan 321K up 4% in the dead of winter from 307K excellent Obama data manipulation skills
3392K 3426K 3515K 3437K 3554K
This Week
Feb 27 10:00 AM Pending Home Sales Jan
Feb 28 8:30 AM Durable Orders Jan
Feb 28 8:30 AM Durable Orders -ex Transportation Jan
Feb 28 9:00 AM Case-Shiller 20-city Index Dec
Feb 28 10:00 AM Consumer Confidence Feb
Feb 29 7:00 AM MBA Mortgage Index 02/25
Feb 29 7:00 AM MBA Mortgage Purchase Index 02/25
Feb 29 8:30 AM GDP - Second Estimate Q4
Feb 29 8:30 AM GDP Deflator - Second Estimate Q4
Feb 29 9:45 AM Chicago PMI Feb
Feb 29 10:30 AM Crude Inventories 02/25
Feb 29 2:00 PM Fed's Beige Book Feb
Mar 1 8:30 AM Initial Claims 02/25
Mar 1 8:30 AM Continuing Claims 02/18
Mar 1 8:30 AM Personal Income Jan
Mar 1 8:30 AM Personal Spending Jan
Mar 1 8:30 AM PCE Prices - Core Jan
Mar 1 10:00 AM ISM Index Feb
Mar 1 10:00 AM Construction Spending Jan
Mar 1 2:00 PM Auto Sales Feb
Mar 1 2:00 PM Truck Sales Feb
Market outlook February 27, 2012
Contrarian “Surprise Index” says the stock market is overpriced. The WSJ said stock investors may be in for a nasty surprise.
http://www.bloomberg.com/quote/CESIUSD:IND
The DOW holds below the 13000 resistance level and all of the other major indicators are below their previous 2011 highs. The Dow is the investment of crisis. It is the only one near 2008 highs. Investors incorrectly assume the DOW is “safe”.
Head and shoulders sell signals are now forming in S&P and NYSE. DOW rails do not confirm the DOW industrial’s rise. No rail confirmation means there is no DOW buy signal. The market nears a precipice of negative economic data.
Stock market volume is decreasing at a rate of 10% per year under Obama policy concerns. Americans are gradually going broke under Obama. Can America afford another 9 months of Obama?. Stock volume is incredibly thin making it easy to manipulate the market… until the funds pull the plug again.
The VIX shows complacency. A sharp computer sell-off could end the current rally any moment now and trigger huge stop-losses.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=2y&l=on&z=m&q=l&c=
Oil prices could skyrocket now because there are many empty barges that could be used to store oil at a price of $100/barrel to sell later at $180/barrel. That is one way speculators profit from a supply-limited investment. Once prices begin to rise the oil is withheld in proportion to the price rise. When the price rises 10% the suppliers can reduce supply up to 10% and make no less profit. Then as prices rise 50% they worry about losing the opportunity and they begin increasing the supply. Finally when all the oil barges are full the oil price begins to rapidly fall again. There is so much storage capacity at the moment that enough oil cannot be drilled to fill the tankers and supply energy needs at the same time and that is why shortages occur as prices rise. It did not work last year but the economy has declined and tankers are free this year.
Bulk shipments are flat lining again and bulk shippers continue to face high losses in the months ahead.
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stock markets were mixed last night. China up 0.3%, Hong Kong down -0.9%, India down –2.7%, and Japan down- 0.2%.
European markets are mixed today in a range - 0.5 % to -1.2% half way through their day.
American market futures are down about 0.5% in after hour trading at 8 AM EST.
Warren Buffett, who bought into Energy Future Holdings Corp., said the investment is at risk of losing all its value after natural gas prices fell costing Buffett $2 billion.
Rising oil prices are stalling the American economy the Fed warns. That is due to Obama shutting down American production and refusing to allow Canadian oil to flow into America.
US Home ownership went from 64% before liar loans down to 62% home ownership with the “Obama Liar Loan World Depression”.
World markets
Elpida Memory Inc., the last Japanese maker of computer-memory chips, filed the nation’s biggest bankruptcy in two years after it failed to win a second government bailout.
South Korea, the fastest-growing producer of greenhouse gases among industrial democracies, rejected a cap- and-trade system to cut carbon emissions.
Italian business confidence fell to a two-year low in February and the economy entered its fourth recession since 2001.
Oil prices fell after a warning from the International Monetary Fund on the global economy sparked concern that prices have climbed too fast for demand to support.
Asian markets (especially China) have still failed to break out some on the third and fourth times at resistance levels. China’s stocks could fall 50% from here if Obama’s announced world wide “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 may be hitting a limit now with a head and shoulder sell signal. 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
Last Week
DELL earnings slid and net income that fell 18% to $764 million, compared with last year’s earnings of $927 million. HP followed with equally bad news.
Home Depot reported profits up 20% but primarily because it was so extremely low last year. Home Depot and Lowes stores are pretty empty of customers these past months after the sales generated by the bad weather last fall.
MBA Mortgage Index 02/18 -4.5% down sharply from -1.0%
Existing Home Sales Jan 4.57M down from 4.61M Housing slumps again due to Obama supporters wanting to stay in their “Liar Houses” free of charge.
Initial Claims 02/18 351K same as last wk 351K
Feb 23 8:30 AM Continuing Claims 02/11 3392K down from 3426K slower decline
Feb 23 10:00 AM FHFA Housing Price Index Dec 0.7% down from 1.0% Not good for housing
Feb 23 11:00 AM Crude Inventories 02/18 1.633M up from -0.171M Energy shortage looming due to Obama production cuts
Friday
Michigan Sentiment - Final Feb 75.3 improved from 72.5
New Home Sales Jan 321K up 4% in the dead of winter from 307K excellent Obama data manipulation skills
3392K 3426K 3515K 3437K 3554K
This Week
Feb 27 10:00 AM Pending Home Sales Jan
Feb 28 8:30 AM Durable Orders Jan
Feb 28 8:30 AM Durable Orders -ex Transportation Jan
Feb 28 9:00 AM Case-Shiller 20-city Index Dec
Feb 28 10:00 AM Consumer Confidence Feb
Feb 29 7:00 AM MBA Mortgage Index 02/25
Feb 29 7:00 AM MBA Mortgage Purchase Index 02/25
Feb 29 8:30 AM GDP - Second Estimate Q4
Feb 29 8:30 AM GDP Deflator - Second Estimate Q4
Feb 29 9:45 AM Chicago PMI Feb
Feb 29 10:30 AM Crude Inventories 02/25
Feb 29 2:00 PM Fed's Beige Book Feb
Mar 1 8:30 AM Initial Claims 02/25
Mar 1 8:30 AM Continuing Claims 02/18
Mar 1 8:30 AM Personal Income Jan
Mar 1 8:30 AM Personal Spending Jan
Mar 1 8:30 AM PCE Prices - Core Jan
Mar 1 10:00 AM ISM Index Feb
Mar 1 10:00 AM Construction Spending Jan
Mar 1 2:00 PM Auto Sales Feb
Mar 1 2:00 PM Truck Sales Feb
Market outlook February 27, 2012
Contrarian “Surprise Index” says the stock market is overpriced. The WSJ said stock investors may be in for a nasty surprise.
http://www.bloomberg.com/quote/CESIUSD:IND
The DOW holds below the 13000 resistance level and all of the other major indicators are below their previous 2011 highs. The Dow is the investment of crisis. It is the only one near 2008 highs. Investors incorrectly assume the DOW is “safe”.
Head and shoulders sell signals are now forming in S&P and NYSE. DOW rails do not confirm the DOW industrial’s rise. No rail confirmation means there is no DOW buy signal. The market nears a precipice of negative economic data.
Stock market volume is decreasing at a rate of 10% per year under Obama policy concerns. Americans are gradually going broke under Obama. Can America afford another 9 months of Obama?. Stock volume is incredibly thin making it easy to manipulate the market… until the funds pull the plug again.
The VIX shows complacency. A sharp computer sell-off could end the current rally any moment now and trigger huge stop-losses.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=2y&l=on&z=m&q=l&c=
Oil prices could skyrocket now because there are many empty barges that could be used to store oil at a price of $100/barrel to sell later at $180/barrel. That is one way speculators profit from a supply-limited investment. Once prices begin to rise the oil is withheld in proportion to the price rise. When the price rises 10% the suppliers can reduce supply up to 10% and make no less profit. Then as prices rise 50% they worry about losing the opportunity and they begin increasing the supply. Finally when all the oil barges are full the oil price begins to rapidly fall again. There is so much storage capacity at the moment that enough oil cannot be drilled to fill the tankers and supply energy needs at the same time and that is why shortages occur as prices rise. It did not work last year but the economy has declined and tankers are free this year.
Bulk shipments are flat lining again and bulk shippers continue to face high losses in the months ahead.
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stock markets were mixed last night. China up 0.3%, Hong Kong down -0.9%, India down –2.7%, and Japan down- 0.2%.
European markets are mixed today in a range - 0.5 % to -1.2% half way through their day.
American market futures are down about 0.5% in after hour trading at 8 AM EST.
Friday, February 24, 2012
Another Euro crisis week looms ahead as investors await ECB’s three-year cash operation to play out.
Another Euro crisis week looms ahead as investors await ECB’s three-year cash operation to play out.
Obama corporate tax reduction is a step in the right direction but not enough to spur an avalanche of tax receipts. The drop is from 35% to 28%. He should let Republicans talk him down to 20% and say that when re-elected with a Democrat congress he will raise it back to 28%. That would trigger the avalanche of corporate tax receipts to take profits at 20%. Then it would reduce the deficit and he would finally look like he has gotten some sense and he would get re-elected. That is what Americans want, Presidents with some sense.
Toll Brothers reports first-quarter loss as homebuilder’s revenue declines. Pulte followed and reported loses. Housing sales declined just when seasonal effects would increase jobs.
Rising oil prices are stalling the American economy the Fed warns. That is due to Obama shutting down American production and refusing to allow Canadian oil to flow into America.
US Home ownership went from 64% before liar loans down to 62% home ownership with the “Obama Liar Loan World Depression”.
World markets
Spain’s economy will fall 1% into a recession in 2012 and additional austerity measures may even worsen that slump, the European Commission said. The 17-nation euro economy will contract 0.3 percent, the commission said, abandoning a November forecast of 0.5 percent growth. The downgrade was mainly due to projected contractions of 1.3 percent in Italy and the slide in Spain.
Emerging-market stocks headed for the biggest decline in a week as reports of slowing economic growth and as technology stocks dropped on forecast profit declines.
Pretending Greece will not default will not work, says Fitch. Fitch downgraded the Greek credit rating to C and warned that reducing the country's public debt via an exchange with private creditor’s haircuts, a key part of the EU bailout package, would still 'constitute a default.' Forcing bankrupted creditors to smile does not constitute a viable economic system. It is a “Big Communist Lie”. Real economies do not have to lie.
A Purchasing Managers Index report showed services and manufacturing expansion in the euro area unexpectedly contracted in February. The EU economy contracted 0.3% the previous month.
Sweden’s central bank cut interest rates for a second- straight meeting on Feb. 16 after exports, accounting for about half of the nation’s output, fell 6 percent in December. Norway’s foreign trade slid 4.3 percent in the fourth quarter. The Swedish krona is about 25 percent too expensive, and the Norwegian krone more than 40 percent based on an Organization for Economic Cooperation and Development measure of the relative costs of goods and services.
Oil rose to the highest level in more than nine months after euro-area finance ministers agreed on a second bailout for Greece, reducing concern that the debt crisis may slow the economy and oil consumption.
“The danger of Greece falling into economic depression and having to default and exit the common currency zone remains substantial,” said Christian Schulz, an economist at Berenberg Bank in London.
Asian markets (especially China) have still failed to break out some on the third and fourth times at resistance levels. China’s stocks could fall 50% from here if Obama’s announced world wide “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 may be hitting a limit now with a head and shoulder sell signal. 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
DELL earnings slid and net income that fell 18% to $764 million, compared with last year’s earnings of $927 million. HP followed with equally bad news.
Home Depot reported profits up 20% but primarily because it was so extremely low last year. Home Depot and Lowes stores are pretty empty of customers these past months after the sales generated by the bad weather last fall.
MBA Mortgage Index 02/18 -4.5% down sharply from -1.0%
Existing Home Sales Jan 4.57M down from 4.61M Housing slumps again due to Obama supporters wanting to stay in their “Liar Houses” free of charge.
Yesterday
3392K 3426K 3515K 3437K 3554K
Initial Claims 02/18 351K same as last wk 351K
Feb 23 8:30 AM Continuing Claims 02/11 3392K down from 3426K slower decline
Feb 23 10:00 AM FHFA Housing Price Index Dec 0.7% down from 1.0% Not good for housing
Feb 23 11:00 AM Crude Inventories 02/18 1.633M up from -0.171M Inventories increasing gain
This Week
Feb 24 9:55 AM Michigan Sentiment - Final Feb
Feb 24 10:00 AM New Home Sales Jan
Market outlook February 24, 2012
The Dow is the investment of crisis. It is the only one near 2008 highs. Investors incorrectly assume it is “safe”. The net gains have been small and inconsistent and only 0.6%, higher than it was when February began. It seems to be creeping like on the edge of a cliff.
Head and shoulders sell signals are forming in S&P and NYSE. DOW rails do not confirm the DOW industrial’s rise. Market nears a precipice of negative economic data.
Stock market volume is decreasing at a rate of 10% per year under Obama policy concerns. Americans are gradually going broke under Obama. Can America afford another 9 months of Obama?
Market at 2008 level and still looks ready to plunge. Stock volume is incredibly thin making it easy to manipulate the market… until the funds pull the plug again.
The VIX shows complacency. A sharp computer sell-off could end the current rally any moment now and trigger huge stop-losses.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=2y&l=on&z=m&q=l&c=
Bulk shipments are flat lining again and bulk shippers continue to face high losses in the months ahead.
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stock markets were mixed last night. China up 1.2%, Hong Kong up 0.1%, India down –0.9%, and Japan up 0.5%.
European markets are mixed today in a range - 0.5 % to +1.4% with Greece an outlier half way through their day.
American market futures are up about 0.15% in after hour trading at 9 AM EST.
Obama corporate tax reduction is a step in the right direction but not enough to spur an avalanche of tax receipts. The drop is from 35% to 28%. He should let Republicans talk him down to 20% and say that when re-elected with a Democrat congress he will raise it back to 28%. That would trigger the avalanche of corporate tax receipts to take profits at 20%. Then it would reduce the deficit and he would finally look like he has gotten some sense and he would get re-elected. That is what Americans want, Presidents with some sense.
Toll Brothers reports first-quarter loss as homebuilder’s revenue declines. Pulte followed and reported loses. Housing sales declined just when seasonal effects would increase jobs.
Rising oil prices are stalling the American economy the Fed warns. That is due to Obama shutting down American production and refusing to allow Canadian oil to flow into America.
US Home ownership went from 64% before liar loans down to 62% home ownership with the “Obama Liar Loan World Depression”.
World markets
Spain’s economy will fall 1% into a recession in 2012 and additional austerity measures may even worsen that slump, the European Commission said. The 17-nation euro economy will contract 0.3 percent, the commission said, abandoning a November forecast of 0.5 percent growth. The downgrade was mainly due to projected contractions of 1.3 percent in Italy and the slide in Spain.
Emerging-market stocks headed for the biggest decline in a week as reports of slowing economic growth and as technology stocks dropped on forecast profit declines.
Pretending Greece will not default will not work, says Fitch. Fitch downgraded the Greek credit rating to C and warned that reducing the country's public debt via an exchange with private creditor’s haircuts, a key part of the EU bailout package, would still 'constitute a default.' Forcing bankrupted creditors to smile does not constitute a viable economic system. It is a “Big Communist Lie”. Real economies do not have to lie.
A Purchasing Managers Index report showed services and manufacturing expansion in the euro area unexpectedly contracted in February. The EU economy contracted 0.3% the previous month.
Sweden’s central bank cut interest rates for a second- straight meeting on Feb. 16 after exports, accounting for about half of the nation’s output, fell 6 percent in December. Norway’s foreign trade slid 4.3 percent in the fourth quarter. The Swedish krona is about 25 percent too expensive, and the Norwegian krone more than 40 percent based on an Organization for Economic Cooperation and Development measure of the relative costs of goods and services.
Oil rose to the highest level in more than nine months after euro-area finance ministers agreed on a second bailout for Greece, reducing concern that the debt crisis may slow the economy and oil consumption.
“The danger of Greece falling into economic depression and having to default and exit the common currency zone remains substantial,” said Christian Schulz, an economist at Berenberg Bank in London.
Asian markets (especially China) have still failed to break out some on the third and fourth times at resistance levels. China’s stocks could fall 50% from here if Obama’s announced world wide “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 may be hitting a limit now with a head and shoulder sell signal. 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
DELL earnings slid and net income that fell 18% to $764 million, compared with last year’s earnings of $927 million. HP followed with equally bad news.
Home Depot reported profits up 20% but primarily because it was so extremely low last year. Home Depot and Lowes stores are pretty empty of customers these past months after the sales generated by the bad weather last fall.
MBA Mortgage Index 02/18 -4.5% down sharply from -1.0%
Existing Home Sales Jan 4.57M down from 4.61M Housing slumps again due to Obama supporters wanting to stay in their “Liar Houses” free of charge.
Yesterday
3392K 3426K 3515K 3437K 3554K
Initial Claims 02/18 351K same as last wk 351K
Feb 23 8:30 AM Continuing Claims 02/11 3392K down from 3426K slower decline
Feb 23 10:00 AM FHFA Housing Price Index Dec 0.7% down from 1.0% Not good for housing
Feb 23 11:00 AM Crude Inventories 02/18 1.633M up from -0.171M Inventories increasing gain
This Week
Feb 24 9:55 AM Michigan Sentiment - Final Feb
Feb 24 10:00 AM New Home Sales Jan
Market outlook February 24, 2012
The Dow is the investment of crisis. It is the only one near 2008 highs. Investors incorrectly assume it is “safe”. The net gains have been small and inconsistent and only 0.6%, higher than it was when February began. It seems to be creeping like on the edge of a cliff.
Head and shoulders sell signals are forming in S&P and NYSE. DOW rails do not confirm the DOW industrial’s rise. Market nears a precipice of negative economic data.
Stock market volume is decreasing at a rate of 10% per year under Obama policy concerns. Americans are gradually going broke under Obama. Can America afford another 9 months of Obama?
Market at 2008 level and still looks ready to plunge. Stock volume is incredibly thin making it easy to manipulate the market… until the funds pull the plug again.
The VIX shows complacency. A sharp computer sell-off could end the current rally any moment now and trigger huge stop-losses.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=2y&l=on&z=m&q=l&c=
Bulk shipments are flat lining again and bulk shippers continue to face high losses in the months ahead.
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stock markets were mixed last night. China up 1.2%, Hong Kong up 0.1%, India down –0.9%, and Japan up 0.5%.
European markets are mixed today in a range - 0.5 % to +1.4% with Greece an outlier half way through their day.
American market futures are up about 0.15% in after hour trading at 9 AM EST.
Thursday, February 23, 2012
Perhaps it will be necessary for the USA to ban all Red Chinese products until the Red Chinese become more rational trading partners.
Red Chinese parasites and Red Chinese corrupt banks try to suck the life out of Apple. Apple Inc’s legal fight for the iPad name in China doesn’t just pit the world’s most-valuable company against a failed Hong Kong display maker. Some of Red China’s fattest corrupt banks also are opposing the technology giant. Losing its appeal would open Apple to corruption ridden Red Chinese lawsuits seeking to rob Apple or enable a nationwide ban on iPad sales in Apple’s biggest market outside the U.S. The basis of the parasitic harassment revolves about whether bankrupt Proview’s Taiwan unit, to which Apple paid 35,000 British pounds ($55,163) to use the iPad name in China, had the right to sell it or whether that rested with the bankrupt Shenzhen unit and its creditors. This suit shows the steep price corporations pay for dealing with corrupt Red Chinese. Apple may have to take china to the World Court. Perhaps it will be necessary for the USA to ban all Red Chinese products until the Red Chinese become more rational trading partners.
Obama corporate tax reduction is a step in the right direction but not enough to spur an avalanche of tax receipts. The drop is from 35% to 28%. He should let Republicans talk him down to 20% and say that when re-elected with a Democrat congress he will raise it back to 28%. That would trigger the avalanche of corporate tax receipts to take profits at 20%. Then it would reduce the deficit and he would finally look like he has gotten some sense and he would get re-elected. That is what Americans want, Presidents with some sense.
The Afghan Korans were damaged after soldiers culled them, with other books after the books were used by prisoners to send messages and plan murders and prison breakouts. It is amazing that Obama allows the enemy to have any writing materials or other means of communicating when in prison. These American embarrassments have only begun since Obama became president. Previously it was the terrorists who embarrassed themselves but since Obama makes the rules Americans are doing stupid things and are embarrassed. But this sloppy Obama administration seems to enjoy putting Americans in danger when traveling abroad.
Toll Brothers reports first-quarter loss as homebuilder’s revenue declines. Pulte followed and reported loses. Housing sales declined just when seasonal effects would increase jobs.
Rising oil prices are stalling the American economy the Fed warns. That is due to Obama shutting down American production and refusing to allow Canadian oil to flow into America.
US Home ownership went from 64% before liar loans down to 62% home ownership with the “Obama Liar Loan World Depression”.
World markets
Spain’s economy will fall 1% into a recession in 2012 and additional austerity measures may even worsen that slump, the European Commission said. The 17-nation euro economy will contract 0.3 percent, the commission said, abandoning a November forecast of 0.5 percent growth. The downgrade was mainly due to projected contractions of 1.3 percent in Italy and the slide in Spain.
Emerging-market stocks headed for the biggest decline in a week as reports of slowing economic growth and as technology stocks dropped on forecast profit declines.
Pretending Greece will not default will not work, says Fitch. Fitch downgraded the Greek credit rating to C and warned that reducing the country's public debt via an exchange with private creditor’s haircuts, a key part of the EU bailout package, would still 'constitute a default.' Forcing bankrupted creditors to smile does not constitute a viable economic system. It is a “Big Communist Lie”. Real economies do not have to lie.
A Purchasing Managers Index report showed services and manufacturing expansion in the euro area unexpectedly contracted in February. The EU economy contracted 0.3% the previous month.
Sweden’s central bank cut interest rates for a second- straight meeting on Feb. 16 after exports, accounting for about half of the nation’s output, fell 6 percent in December. Norway’s foreign trade slid 4.3 percent in the fourth quarter. The Swedish krona is about 25 percent too expensive, and the Norwegian krone more than 40 percent based on an Organization for Economic Cooperation and Development measure of the relative costs of goods and services.
Oil rose to the highest level in more than nine months after euro-area finance ministers agreed on a second bailout for Greece, reducing concern that the debt crisis may slow the economy and oil consumption.
“The danger of Greece falling into economic depression and having to default and exit the common currency zone remains substantial,” said Christian Schulz, an economist at Berenberg Bank in London.
Asian markets (especially China) have still failed to break out some on the third and fourth times at resistance levels. China’s stocks could fall 50% from here if Obama’s announced world wide “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 may be hitting a limit now with a head and shoulder sell signal. 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
DELL earnings slid and net income that fell 18% to $764 million, compared with last year’s earnings of $927 million. HP followed with equally bad news.
Home Depot reported profits up 20% but primarily because it was so extremely low last year. Home Depot and Lowes stores are pretty empty of customers these past months after the sales generated by the bad weather last fall.
Yesterday
MBA Mortgage Index 02/18 -4.5% down sharply from -1.0%
Existing Home Sales Jan 4.57M down from 4.61M Housing slumps again due to Obama supporters wanting to stay in their “Liar Houses” free of charge.
This Week
Feb 23 8:30 AM Initial Claims 02/18
Feb 23 8:30 AM Continuing Claims 02/11
Feb 23 10:00 AM FHFA Housing Price Index Dec
Feb 23 11:00 AM Crude Inventories 02/18
Feb 24 9:55 AM Michigan Sentiment - Final Feb
Feb 24 10:00 AM New Home Sales Jan
Market outlook February 23, 2012
We are now 95% in cash.
Head and shoulders sell signals are forming in S&P and NYSE. DOW rails do not confirm the DOW industrial’s rise. Market nears a precipice of negative economic data.
Stock market volume is decreasing at a rate of 10% per year under Obama policy concerns. Americans are gradually going broke under Obama. Can America afford another 9 months of Obama?
Market at 2008 level and still looks ready to plunge. Stock volume is incredibly thin making it easy to manipulate the market… until the funds pull the plug again.
The VIX shows complacency. A sharp computer sell-off could end the current rally any moment now and trigger huge stop-losses.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=2y&l=on&z=m&q=l&c=
Bulk shipments are flat lining again and bulk shippers continue to face high losses in the months ahead.
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 - 0.8%, India down –0.4%, and Japan up 0.4%.
European markets plunged yesterday are mixed today in a range 0.2 % to –0.4% half way through their day.
American market futures are up about 0.1% in after hour trading at 8 AM EST.
Obama corporate tax reduction is a step in the right direction but not enough to spur an avalanche of tax receipts. The drop is from 35% to 28%. He should let Republicans talk him down to 20% and say that when re-elected with a Democrat congress he will raise it back to 28%. That would trigger the avalanche of corporate tax receipts to take profits at 20%. Then it would reduce the deficit and he would finally look like he has gotten some sense and he would get re-elected. That is what Americans want, Presidents with some sense.
The Afghan Korans were damaged after soldiers culled them, with other books after the books were used by prisoners to send messages and plan murders and prison breakouts. It is amazing that Obama allows the enemy to have any writing materials or other means of communicating when in prison. These American embarrassments have only begun since Obama became president. Previously it was the terrorists who embarrassed themselves but since Obama makes the rules Americans are doing stupid things and are embarrassed. But this sloppy Obama administration seems to enjoy putting Americans in danger when traveling abroad.
Toll Brothers reports first-quarter loss as homebuilder’s revenue declines. Pulte followed and reported loses. Housing sales declined just when seasonal effects would increase jobs.
Rising oil prices are stalling the American economy the Fed warns. That is due to Obama shutting down American production and refusing to allow Canadian oil to flow into America.
US Home ownership went from 64% before liar loans down to 62% home ownership with the “Obama Liar Loan World Depression”.
World markets
Spain’s economy will fall 1% into a recession in 2012 and additional austerity measures may even worsen that slump, the European Commission said. The 17-nation euro economy will contract 0.3 percent, the commission said, abandoning a November forecast of 0.5 percent growth. The downgrade was mainly due to projected contractions of 1.3 percent in Italy and the slide in Spain.
Emerging-market stocks headed for the biggest decline in a week as reports of slowing economic growth and as technology stocks dropped on forecast profit declines.
Pretending Greece will not default will not work, says Fitch. Fitch downgraded the Greek credit rating to C and warned that reducing the country's public debt via an exchange with private creditor’s haircuts, a key part of the EU bailout package, would still 'constitute a default.' Forcing bankrupted creditors to smile does not constitute a viable economic system. It is a “Big Communist Lie”. Real economies do not have to lie.
A Purchasing Managers Index report showed services and manufacturing expansion in the euro area unexpectedly contracted in February. The EU economy contracted 0.3% the previous month.
Sweden’s central bank cut interest rates for a second- straight meeting on Feb. 16 after exports, accounting for about half of the nation’s output, fell 6 percent in December. Norway’s foreign trade slid 4.3 percent in the fourth quarter. The Swedish krona is about 25 percent too expensive, and the Norwegian krone more than 40 percent based on an Organization for Economic Cooperation and Development measure of the relative costs of goods and services.
Oil rose to the highest level in more than nine months after euro-area finance ministers agreed on a second bailout for Greece, reducing concern that the debt crisis may slow the economy and oil consumption.
“The danger of Greece falling into economic depression and having to default and exit the common currency zone remains substantial,” said Christian Schulz, an economist at Berenberg Bank in London.
Asian markets (especially China) have still failed to break out some on the third and fourth times at resistance levels. China’s stocks could fall 50% from here if Obama’s announced world wide “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 may be hitting a limit now with a head and shoulder sell signal. 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
DELL earnings slid and net income that fell 18% to $764 million, compared with last year’s earnings of $927 million. HP followed with equally bad news.
Home Depot reported profits up 20% but primarily because it was so extremely low last year. Home Depot and Lowes stores are pretty empty of customers these past months after the sales generated by the bad weather last fall.
Yesterday
MBA Mortgage Index 02/18 -4.5% down sharply from -1.0%
Existing Home Sales Jan 4.57M down from 4.61M Housing slumps again due to Obama supporters wanting to stay in their “Liar Houses” free of charge.
This Week
Feb 23 8:30 AM Initial Claims 02/18
Feb 23 8:30 AM Continuing Claims 02/11
Feb 23 10:00 AM FHFA Housing Price Index Dec
Feb 23 11:00 AM Crude Inventories 02/18
Feb 24 9:55 AM Michigan Sentiment - Final Feb
Feb 24 10:00 AM New Home Sales Jan
Market outlook February 23, 2012
We are now 95% in cash.
Head and shoulders sell signals are forming in S&P and NYSE. DOW rails do not confirm the DOW industrial’s rise. Market nears a precipice of negative economic data.
Stock market volume is decreasing at a rate of 10% per year under Obama policy concerns. Americans are gradually going broke under Obama. Can America afford another 9 months of Obama?
Market at 2008 level and still looks ready to plunge. Stock volume is incredibly thin making it easy to manipulate the market… until the funds pull the plug again.
The VIX shows complacency. A sharp computer sell-off could end the current rally any moment now and trigger huge stop-losses.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=2y&l=on&z=m&q=l&c=
Bulk shipments are flat lining again and bulk shippers continue to face high losses in the months ahead.
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 - 0.8%, India down –0.4%, and Japan up 0.4%.
European markets plunged yesterday are mixed today in a range 0.2 % to –0.4% half way through their day.
American market futures are up about 0.1% in after hour trading at 8 AM EST.
Wednesday, February 22, 2012
These American embarrassments have only begun since Obama became president. Previously it was the terrorists who embarrassed themselves
The U.S. embassy “suspended all travel for embassy personnel in Kabul until further notice and ordered any personnel not at a secure compound to return to the embassy immediately.” The U.S. mission also halted staff members’ movements in the country’s second-largest city, Kandahar, acting embassy spokesman Mark Thornburg said in a separate e-mail. The Korans were damaged after soldiers culled them, with other books, from a library at a prison for alleged Taliban and allied Islamic militant fighters, an ISAF statement said. The books were used to send messages and plan murders and prison breakouts. It is amazing that Obama allows the enemy to have any writing materials or other means of communicating when in prison. That would explain the breakouts and the murder of Afgan police who enforce peace. These American embarrassments have only begun since Obama became president. Previously it was the terrorists who embarrassed themselves but since Obama makes the rules Americans are doing stupid things and are embarrassed. But this sloppy Obama administration seems to enjoy putting Americans in danger when traveling abroad.
Toll Brothers reports first-quarter loss as homebuilder’s revenue declines.
Rising oil prices are stalling the American economy the Fed warns. That is due to Obama shutting down American production and refusing to allow Canadian oil to flow into America.
US Home ownership went from 64% before liar loans down to 62% home ownership with the “Obama Liar Loan World Depression”.
World markets
Pretending Greece will not default will not work, says Fitch. Fitch downgraded the Greek credit rating to C from CCC and warned that reducing the country's public debt via an exchange with private creditor’s haircuts, a key part of the EU bailout package, would still 'constitute a ratings default.' Forcing bankrupted creditors to smile does not constitute a viable economic system. It is a “Big Communist Lie”. Real economies do not have to lie.
A Purchasing Managers Index report showed services and manufacturing expansion in the euro area unexpectedly contracted in February. The EU economy contracted 0.3% the previous month.
Sweden’s central bank cut interest rates for a second- straight meeting on Feb. 16 after exports, accounting for about half of the nation’s output, fell 6 percent in December. Norway’s foreign trade slid 4.3 percent in the fourth quarter. The Swedish krona is about 25 percent too expensive, and the Norwegian krone more than 40 percent based on an Organization for Economic Cooperation and Development measure of the relative costs of goods and services.
Oil rose to the highest level in more than nine months after euro-area finance ministers agreed on a second bailout for Greece, reducing concern that the debt crisis may slow the economy and oil consumption.
“The danger of Greece falling into economic depression and having to default and exit the common currency zone remains substantial,” said Christian Schulz, an economist at Berenberg Bank in London. \
Asian markets (especially China) have still failed to break out some on the third and fourth times at resistance levels. China’s stocks could fall 50% from here if Obama’s announced world wide “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 may be hitting a limit now with a head and shoulder sell signal. 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
DELL fell in after-hours trading on Tuesday, as the PC maker earnings slid and net income that fell 18% to $764 million, compared with last year’s earnings of $927 million.
Home Depot reported profits up 20% but primarily because it was so extremely low last year.
Last Friday
CPI Jan 0.2% up from 0.0% or 2.4% inflation/yr
Core CPI Jan 0.2% up from 0.1% or 2.4% inflation /yr
Leading Indicators Jan 0.4% constant 0.4% or 2.8% /yr net growth rate
This Week
Feb 22 7:00 AM MBA Mortgage Index 02/18
Feb 22 10:00 AM Existing Home Sales Jan
Feb 23 8:30 AM Initial Claims 02/18
Feb 23 8:30 AM Continuing Claims 02/11
Feb 23 10:00 AM FHFA Housing Price Index Dec
Feb 23 11:00 AM Crude Inventories 02/18
Feb 24 9:55 AM Michigan Sentiment - Final Feb
Feb 24 10:00 AM New Home Sales Jan
Market outlook February 22, 2012
Head and shoulders sell signals are forming in S&P and NYSE. DOW rails do not confirm the DOW industrial’s rise. Market nears a precipice of negative economic data.
Stock market volume is decreasing at a rate of 10% per year under Obama policy concerns.
Market at 2008 level and still looks ready to plunge. Stock volume is incredibly thin making it easy to manipulate the market… until the funds pull the plug again.
The VIX shows complacency. A sharp computer sell-off could end the current rally any moment now and trigger huge stop-losses.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=2y&l=on&z=m&q=l&c=
Bulk shipments are flat lining again and bulk shippers continue to face high losses in the months ahead.
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stock markets were up last night. China up 0.9%, Hong Kong up 0.3%, India up 0%, and Japan up 0.9%.
European markets are down again today in a range -0.3 % to –1.3% half way through their day.
American market futures are down about -0.1% in after hour trading at 9 AM EST.
Toll Brothers reports first-quarter loss as homebuilder’s revenue declines.
Rising oil prices are stalling the American economy the Fed warns. That is due to Obama shutting down American production and refusing to allow Canadian oil to flow into America.
US Home ownership went from 64% before liar loans down to 62% home ownership with the “Obama Liar Loan World Depression”.
World markets
Pretending Greece will not default will not work, says Fitch. Fitch downgraded the Greek credit rating to C from CCC and warned that reducing the country's public debt via an exchange with private creditor’s haircuts, a key part of the EU bailout package, would still 'constitute a ratings default.' Forcing bankrupted creditors to smile does not constitute a viable economic system. It is a “Big Communist Lie”. Real economies do not have to lie.
A Purchasing Managers Index report showed services and manufacturing expansion in the euro area unexpectedly contracted in February. The EU economy contracted 0.3% the previous month.
Sweden’s central bank cut interest rates for a second- straight meeting on Feb. 16 after exports, accounting for about half of the nation’s output, fell 6 percent in December. Norway’s foreign trade slid 4.3 percent in the fourth quarter. The Swedish krona is about 25 percent too expensive, and the Norwegian krone more than 40 percent based on an Organization for Economic Cooperation and Development measure of the relative costs of goods and services.
Oil rose to the highest level in more than nine months after euro-area finance ministers agreed on a second bailout for Greece, reducing concern that the debt crisis may slow the economy and oil consumption.
“The danger of Greece falling into economic depression and having to default and exit the common currency zone remains substantial,” said Christian Schulz, an economist at Berenberg Bank in London. \
Asian markets (especially China) have still failed to break out some on the third and fourth times at resistance levels. China’s stocks could fall 50% from here if Obama’s announced world wide “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 may be hitting a limit now with a head and shoulder sell signal. 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
DELL fell in after-hours trading on Tuesday, as the PC maker earnings slid and net income that fell 18% to $764 million, compared with last year’s earnings of $927 million.
Home Depot reported profits up 20% but primarily because it was so extremely low last year.
Last Friday
CPI Jan 0.2% up from 0.0% or 2.4% inflation/yr
Core CPI Jan 0.2% up from 0.1% or 2.4% inflation /yr
Leading Indicators Jan 0.4% constant 0.4% or 2.8% /yr net growth rate
This Week
Feb 22 7:00 AM MBA Mortgage Index 02/18
Feb 22 10:00 AM Existing Home Sales Jan
Feb 23 8:30 AM Initial Claims 02/18
Feb 23 8:30 AM Continuing Claims 02/11
Feb 23 10:00 AM FHFA Housing Price Index Dec
Feb 23 11:00 AM Crude Inventories 02/18
Feb 24 9:55 AM Michigan Sentiment - Final Feb
Feb 24 10:00 AM New Home Sales Jan
Market outlook February 22, 2012
Head and shoulders sell signals are forming in S&P and NYSE. DOW rails do not confirm the DOW industrial’s rise. Market nears a precipice of negative economic data.
Stock market volume is decreasing at a rate of 10% per year under Obama policy concerns.
Market at 2008 level and still looks ready to plunge. Stock volume is incredibly thin making it easy to manipulate the market… until the funds pull the plug again.
The VIX shows complacency. A sharp computer sell-off could end the current rally any moment now and trigger huge stop-losses.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=2y&l=on&z=m&q=l&c=
Bulk shipments are flat lining again and bulk shippers continue to face high losses in the months ahead.
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stock markets were up last night. China up 0.9%, Hong Kong up 0.3%, India up 0%, and Japan up 0.9%.
European markets are down again today in a range -0.3 % to –1.3% half way through their day.
American market futures are down about -0.1% in after hour trading at 9 AM EST.
Tuesday, February 21, 2012
US Home ownership went from 64% down to 62% home ownership with the “Obama Liar Loan World Depression.”
Rising oil prices are stalling the American economy the Fed warns. That is due to Obama shutting down American production and refusing to allow Canadian oil to flow into America.
Wells Fargo CEO said Friday that we went from 64% of the nation owning homes quickly up to 67% home ownership giving out Freddie and Fanny “liar loans” and now it is worse at 62%. Racially oriented liar loans (and it was racial if you look at the disproportionate number of the liar loan given to one race…. i.e. “reverse discrimination” almost brought down the entire world! US Home ownership went from 64% down to 62% home ownership with the “Obama Liar Loan World Depression.”
World markets
Sweden’s central bank cut interest rates for a second- straight meeting on Feb. 16 after exports, accounting for about half of the nation’s output, fell 6 percent in December. Norway’s foreign trade slid 4.3 percent in the fourth quarter. The Swedish krona is about 25 percent too expensive, and the Norwegian krone more than 40 percent based on an Organization for Economic Cooperation and Development measure of the relative costs of goods and services.
Oil rose to the highest level in more than nine months after euro-area finance ministers agreed on a second bailout for Greece, reducing concern that the debt crisis may slow the economy and oil consumption.
“The danger of Greece falling into economic depression and having to default and exit the common currency zone remains substantial,” said Christian Schulz, an economist at Berenberg Bank in London.
Asian markets (especially China) have still failed to break out some on the third and fourth times at resistance levels. China’s stocks could fall 50% from here if Obama’s announced world wide “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 may be hitting a limit now with a head and shoulder sell signal. 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
Incyte Corp that won U.S. approval to sell the first treatment for patients with a rare bone-marrow disease, reported a fourth-quarter net loss of $55.1 million and fell 5.5 percent in the biggest single-day decline since Oct. 13.
PepsiCo Inc. strategy to sell more Tropicana brand Oj is to Add water to its new products like parents do anyway.
.
The Federal Communications Commission won’t let LightSquared begin service after the Obama administration claimed it disrupts navigation gear used by planes, boats and autos. LightSquared had invested $4 billion in its plan to offer service that lets users browse the Web at higher speeds.
The combined value of Google and Microsoft, Apple’s two main phone platform rivals is now less than Apple’s market cap. Apple’s market capitalization topped $460 billion while Exxon’s value is just under $397 billion. Of course Steve Jobs only died last October so it may be a few more months before Apple runs out of great new products. By this time next year we predict the price of Apple stock will be less the $250 per share or half the current price.
Last week
Consumer Credit Dec $19.3B down from $20.4B Consumer demand declined, not good
MBA Mortgage Index 02/04 +7.5% up from -2.9% due to seasonal effects
Crude Inventories 02/04 0.304M down from 4.175M
Initial Claims 02/04 358K down slightly from 367K Not Bad
Continuing Claims 01/28 3515K up from 3437K Not good
Wholesale Inventories Dec 1.0% up sharply from 0.1% Decreasing is good. This is bad
Trade Balance Dec -$48.8B 2% worse at $47.8B got worse again
Mich Sentiment Feb 72.5 declined from 75.0 not good
Treasury Budget Jan -$27.down from -$49.8B not reliable
Retail Sales Jan 0.4% up from 0.1% like the USSR Makes no sense
Retail Sales ex-auto Jan 0.7% up from -0.2% like the USSR Makes no sense
Export Prices ex-ag. Jan 0.0% up from -0.2% Ok
Import Prices ex-oil Jan 0.1% down from 0.2% good
Business Inventories Dec 0.4% up from 0.3% not good
MBA Mortgage Index 02/11 -1.0% NA NA 7.5% -
Empire Manufacturing Feb 19.5 up from 13.5 – good NY manufacturing
Net Long-Term TIC Flows Dec $17.9B down from $59.8B very bad-This means foreign investment in the USA is plummeting. Not Good
Industrial Production Jan 0.0% plummeted from 0.4% Not Good
Capacity Utilization Jan 78.5% up slightly 78.1% flat
NAHB Housing Market Index Feb 29 up from 25 seasonal
Crude Inventories 02/11 -0.171M down 0.304M flat
Initial Claims 02/11 348K down from 358K good
Continuing Claims 02/04 3426K down from 3515K good
Housing Starts Jan 699K up from 657K good
Building Permits Jan 676K down from 679K not good
PPI Jan 0.1up from -0.1% - reasonable 1.2% inflation
Core PPI Jan 0.4% up from 0.3% -
Philadelphia Fed Feb 10.2 up from 7.3 good
Last Friday
CPI Jan 0.2% up from 0.0% or 2.4% inflation/yr
Core CPI Jan 0.2% up from 0.1% or 2.4% inflation /yr
Leading Indicators Jan 0.4% constant 0.4% or 2.8% /yr net growth rate
This Week
Feb 22 7:00 AM MBA Mortgage Index 02/18
Feb 22 10:00 AM Existing Home Sales Jan
Feb 23 8:30 AM Initial Claims 02/18
Feb 23 8:30 AM Continuing Claims 02/11
Feb 23 10:00 AM FHFA Housing Price Index Dec
Feb 23 11:00 AM Crude Inventories 02/18
Feb 24 9:55 AM Michigan Sentiment - Final Feb
Feb 24 10:00 AM New Home Sales Jan
Market outlook February 21, 2012
Head and shoulders sell signals are forming in S&P and NYSE. DOW rails do not confirm the DOW industrial’s rise.
Unemployment pollster on Squawk Box says the low unemployment reports are based on biased 1000 person polls. They do 30,000 person polls and it shows unemployment still at 9%.
Home Depot reported profits up 20% but primarily because it was so extremely low last year.
The EU economy contracted 0.3% last month. Stock market volume is decreasing at a rate of 10% per year under Obama policy concerns. The FED is now considering buying bonds again simply because investors are beginning to demand higher bond interest rates. Investors see that Obama is turning America into a super-Greece.
Market at 2008 level and still looks ready to plunge. Stock volume is incredibly thin making it easy to manipulate the market higher… until the funds pull the plug again.
The VIX may be starting to rise. A sharp computer sell-off could end the current rally any moment now and trigger huge stop-losses.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=2y&l=on&z=m&q=l&c=
Bulk shipments are beginning to rise again and stock prices of bulk shippers soared even though they will continue to face high losses in the months ahead.
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stock markets were up last night. China up 0.7%, Hong Kong up 0.2%, India up 0.7%, and Japan down –0.2%.
European markets are down today in a range 0 % to –0.9% half way through their day.
American market futures are up about 0.2% in after hour trading at 9 AM EST.
Wells Fargo CEO said Friday that we went from 64% of the nation owning homes quickly up to 67% home ownership giving out Freddie and Fanny “liar loans” and now it is worse at 62%. Racially oriented liar loans (and it was racial if you look at the disproportionate number of the liar loan given to one race…. i.e. “reverse discrimination” almost brought down the entire world! US Home ownership went from 64% down to 62% home ownership with the “Obama Liar Loan World Depression.”
World markets
Sweden’s central bank cut interest rates for a second- straight meeting on Feb. 16 after exports, accounting for about half of the nation’s output, fell 6 percent in December. Norway’s foreign trade slid 4.3 percent in the fourth quarter. The Swedish krona is about 25 percent too expensive, and the Norwegian krone more than 40 percent based on an Organization for Economic Cooperation and Development measure of the relative costs of goods and services.
Oil rose to the highest level in more than nine months after euro-area finance ministers agreed on a second bailout for Greece, reducing concern that the debt crisis may slow the economy and oil consumption.
“The danger of Greece falling into economic depression and having to default and exit the common currency zone remains substantial,” said Christian Schulz, an economist at Berenberg Bank in London.
Asian markets (especially China) have still failed to break out some on the third and fourth times at resistance levels. China’s stocks could fall 50% from here if Obama’s announced world wide “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 may be hitting a limit now with a head and shoulder sell signal. 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
Incyte Corp that won U.S. approval to sell the first treatment for patients with a rare bone-marrow disease, reported a fourth-quarter net loss of $55.1 million and fell 5.5 percent in the biggest single-day decline since Oct. 13.
PepsiCo Inc. strategy to sell more Tropicana brand Oj is to Add water to its new products like parents do anyway.
.
The Federal Communications Commission won’t let LightSquared begin service after the Obama administration claimed it disrupts navigation gear used by planes, boats and autos. LightSquared had invested $4 billion in its plan to offer service that lets users browse the Web at higher speeds.
The combined value of Google and Microsoft, Apple’s two main phone platform rivals is now less than Apple’s market cap. Apple’s market capitalization topped $460 billion while Exxon’s value is just under $397 billion. Of course Steve Jobs only died last October so it may be a few more months before Apple runs out of great new products. By this time next year we predict the price of Apple stock will be less the $250 per share or half the current price.
Last week
Consumer Credit Dec $19.3B down from $20.4B Consumer demand declined, not good
MBA Mortgage Index 02/04 +7.5% up from -2.9% due to seasonal effects
Crude Inventories 02/04 0.304M down from 4.175M
Initial Claims 02/04 358K down slightly from 367K Not Bad
Continuing Claims 01/28 3515K up from 3437K Not good
Wholesale Inventories Dec 1.0% up sharply from 0.1% Decreasing is good. This is bad
Trade Balance Dec -$48.8B 2% worse at $47.8B got worse again
Mich Sentiment Feb 72.5 declined from 75.0 not good
Treasury Budget Jan -$27.down from -$49.8B not reliable
Retail Sales Jan 0.4% up from 0.1% like the USSR Makes no sense
Retail Sales ex-auto Jan 0.7% up from -0.2% like the USSR Makes no sense
Export Prices ex-ag. Jan 0.0% up from -0.2% Ok
Import Prices ex-oil Jan 0.1% down from 0.2% good
Business Inventories Dec 0.4% up from 0.3% not good
MBA Mortgage Index 02/11 -1.0% NA NA 7.5% -
Empire Manufacturing Feb 19.5 up from 13.5 – good NY manufacturing
Net Long-Term TIC Flows Dec $17.9B down from $59.8B very bad-This means foreign investment in the USA is plummeting. Not Good
Industrial Production Jan 0.0% plummeted from 0.4% Not Good
Capacity Utilization Jan 78.5% up slightly 78.1% flat
NAHB Housing Market Index Feb 29 up from 25 seasonal
Crude Inventories 02/11 -0.171M down 0.304M flat
Initial Claims 02/11 348K down from 358K good
Continuing Claims 02/04 3426K down from 3515K good
Housing Starts Jan 699K up from 657K good
Building Permits Jan 676K down from 679K not good
PPI Jan 0.1up from -0.1% - reasonable 1.2% inflation
Core PPI Jan 0.4% up from 0.3% -
Philadelphia Fed Feb 10.2 up from 7.3 good
Last Friday
CPI Jan 0.2% up from 0.0% or 2.4% inflation/yr
Core CPI Jan 0.2% up from 0.1% or 2.4% inflation /yr
Leading Indicators Jan 0.4% constant 0.4% or 2.8% /yr net growth rate
This Week
Feb 22 7:00 AM MBA Mortgage Index 02/18
Feb 22 10:00 AM Existing Home Sales Jan
Feb 23 8:30 AM Initial Claims 02/18
Feb 23 8:30 AM Continuing Claims 02/11
Feb 23 10:00 AM FHFA Housing Price Index Dec
Feb 23 11:00 AM Crude Inventories 02/18
Feb 24 9:55 AM Michigan Sentiment - Final Feb
Feb 24 10:00 AM New Home Sales Jan
Market outlook February 21, 2012
Head and shoulders sell signals are forming in S&P and NYSE. DOW rails do not confirm the DOW industrial’s rise.
Unemployment pollster on Squawk Box says the low unemployment reports are based on biased 1000 person polls. They do 30,000 person polls and it shows unemployment still at 9%.
Home Depot reported profits up 20% but primarily because it was so extremely low last year.
The EU economy contracted 0.3% last month. Stock market volume is decreasing at a rate of 10% per year under Obama policy concerns. The FED is now considering buying bonds again simply because investors are beginning to demand higher bond interest rates. Investors see that Obama is turning America into a super-Greece.
Market at 2008 level and still looks ready to plunge. Stock volume is incredibly thin making it easy to manipulate the market higher… until the funds pull the plug again.
The VIX may be starting to rise. A sharp computer sell-off could end the current rally any moment now and trigger huge stop-losses.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=2y&l=on&z=m&q=l&c=
Bulk shipments are beginning to rise again and stock prices of bulk shippers soared even though they will continue to face high losses in the months ahead.
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stock markets were up last night. China up 0.7%, Hong Kong up 0.2%, India up 0.7%, and Japan down –0.2%.
European markets are down today in a range 0 % to –0.9% half way through their day.
American market futures are up about 0.2% in after hour trading at 9 AM EST.
Friday, February 17, 2012
We went from 64% down to 62% home ownership and an “Obama Reverse Racial World Depression” with the Senate Banking Commission “Liar Loan Regulations.”
Rising oil prices are stalling the American economy the Fed warns. That is due to Obama shutting down American production and refusing to allow Canadian oil to flow into America.
Wells Fargo CEO said Friday that we went from 64% of the nation owning homes quickly up to 67% home ownership giving out Freddie and Fanny “liar loans” and now it is worse at 62%. Racially oriented liar loans (and it was racial if you look at the disproportionate number of the liar loan given to one race…. i.e. “reverse discrimination” almost brought down the entire world! We went from 64% to 62% home ownership and an “Obama Reverse Racial World Depression” with the Senate Banking Commission “Liar Loan Regulations.” Some wanted to take greater advantage of rising prices thinking they could take a low interest variable rate mortgage and flip their house if the interest rate went up. Banks are now accused of doing wrong for giving them the freedom to take that risk. But had the banks refused they would also have been accused of wrong doing.
Economist William A. Barnett says Fed’s shoddy FED data drove Wall Street off the cliff. “While there is plenty of blame to spread around, something deeper has happened and needs to be understood to recognize the real source” of the crisis, says Barnett. That “something” was shoddy monetary data and how they fooled some of the smartest people on Wall Street. The Fed’s monetary data are poor, inadequate and “nearly useless to the public,” he says.
The net Obama economic growth adjusted for inflation continues at a zero rate after the initial sharp 2009 decline. One month of suspicious Obama economic statistics does not make an improving American economy. Both Europe and China are already slowing economically. Europe is already facing the deficit crisis that Obama’s policies will create in three years.
MSNBC is desperate to help Obama by creating an illusion of prosperity to artificially prop up the world stock markets. Th
70% of Americans now take more from the tax system than they put into the system. The rioters on the streets of Greece are the children of the Greeks who robbed their welfare state and left their children a bankrupt nation. The 70% are now robbing the American system and cannot be tolerated.
The nation’s budget spending has more than doubled under Obama, pushing the annual deficit to more than $1 trillion and the national debt to $15.2 trillion. Obama’s budget today spends more than $3 trillion in the next fiscal year, and contains no accounting for where taxpayers’ money actually goes. “If the public can’t easily find and understand quality spending information, they can’t use that information to make their opinions heard by Congress,” said Sam Rosen-Amy, a federal fiscal policy analyst at the Washington-based nonprofit research group OMB Watch.
World markets
Swedish Finance Minister Anders Borg announced the government will cut the economic growth outlook for 2012 to 0.5 percent from 1.3 percent as exports falter. Central bank Governor Stefan Ingves said house prices may slide further in the largest Nordic economy after halving his separate forecast for the economy. Sweden’s economy that was Europe’s strongest as recently as 2010, will hardly grow as the Greek crisis spreads north, killing jobs, sapping confidence and tipping the housing market into a decline.
The European Central Bank is swapping its Greek bonds for new ones to ensure Greece isn’t forced into a debt restructuring default, three euro-area officials said.
Beacon Capital Partners Inc. fund defaulted on 429 million pounds ($678 million) of loans secured by a 36-story London building known as CityPoint, according to a regulatory filing.
Fan Jianping, chief economist at the government-run State Information Center, said that China has its lowest annual growth target in eight years as authorities acknowledge the slowing pace of expansion and the global economy weakens further.
Renault’s earnings before interest, taxes fell 0.7 percent last year. Free cash flow from the car-manufacturing unit was positive at 1.08 billion euros ($1.4 billion). Peugeot saw a 27 percent operating profit drop and a negative cash flow of 1.65 billion euros.
European Union’s statistics office reported today that the total Gross domestic product in the 17-nation euro area fell 0.3 percent from the prior three months, the first drop since the second quarter.
Swisscom, Switzerland’s largest phone company, dropped the most in six months in Zurich after predicting lower revenue and an unchanged dividend for 2012 and posted its first quarterly loss since 2002.
Asian markets (especially China) have still failed to break out some on the third and fourth times at resistance levels. China’s stocks could fall 50% from here if Obama’s announced world wide “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 may be hitting a limit now with a head and shoulder sell signal. 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
Incyte Corp that won U.S. approval to sell the first treatment for patients with a rare bone-marrow disease, reported a fourth-quarter net loss of $55.1 million and fell 5.5 percent in the biggest single-day decline since Oct. 13.
PepsiCo Inc. strategy to sell more Tropicana brand Oj is to Add water to its new products like parents do anyway.
.
The Federal Communications Commission won’t let LightSquared begin service after the Obama administration claimed it disrupts navigation gear used by planes, boats and autos. LightSquared had invested $4 billion in its plan to offer service that lets users browse the Web at higher speeds.
The combined value of Google and Microsoft, Apple’s two main phone platform rivals is now less than Apple’s market cap. Apple’s market capitalization topped $460 billion while Exxon’s value is just under $397 billion. Of course Steve Jobs only died last October so it may be a few more months before Apple runs out of great new products. By this time next year we predict the price of Apple stock will be less the $250 per share or half the current price.
Last week
Consumer Credit Dec $19.3B down from $20.4B Consumer demand declined, not good
MBA Mortgage Index 02/04 +7.5% up from -2.9% due to seasonal effects
Crude Inventories 02/04 0.304M down from 4.175M
Initial Claims 02/04 358K down slightly from 367K Not Bad
Continuing Claims 01/28 3515K up from 3437K Not good
Feb 9 10:00 AM Wholesale Inventories Dec 1.0% up sharply from 0.1% Decreasing is good. This is bad
Trade Balance Dec -$48.8B 2% worse at $47.8B got worse again
Mich Sentiment Feb 72.5 declined from 75.0 not good
Treasury Budget Jan -$27.down from -$49.8B not reliable
Retail Sales Jan 0.4% up from 0.1% like the USSR Makes no sense
Retail Sales ex-auto Jan 0.7% up from -0.2% like the USSR Makes no sense
Export Prices ex-ag. Jan 0.0% up from -0.2% Ok
Import Prices ex-oil Jan 0.1% down from 0.2% good
Business Inventories Dec 0.4% up from 0.3% not good
MBA Mortgage Index 02/11 -1.0% NA NA 7.5% -
Feb 15 8:30 AM Empire Manufacturing Feb 19.5 up from 13.5 – good NY manufacturing
Feb 15 9:00 AM Net Long-Term TIC Flows Dec $17.9B down from $59.8B very bad-This means foreign investment in the USA is plummeting. Not Good
Feb 15 9:15 AM Industrial Production Jan 0.0% plummeted from 0.4% Not Good
Feb 15 9:15 AM Capacity Utilization Jan 78.5% up slightly 78.1% flat
Feb 15 10:00 AM NAHB Housing Market Index Feb 29 up from 25 seasonal
Feb 15 10:30 AM Crude Inventories 02/11 -0.171M down 0.304M flat
Yesterday
Initial Claims 02/11 348K down from 358K
Feb 16 8:30 AM Continuing Claims 02/04 3426K down from 3515K good
Feb 16 8:30 AM Housing Starts Jan 699K up from 657K good
Feb 16 8:30 AM Building Permits Jan 676K down from 679K not good
Feb 16 8:30 AM PPI Jan 0.1up from -0.1% -
Feb 16 8:30 AM Core PPI Jan 0.4% up from 0.3% -
Feb 16 10:00 AM Philadelphia Fed Feb 10.2 up from 7.3 good
This Week
Feb 17 8:30 AM CPI Jan
Feb 17 8:30 AM Core CPI Jan
Feb 17 10:00 AM Leading Indicators Jan
Market outlook February 17, 2012
Unemployment pollster on Squawk Box says the low unemployment reports are based on biased 1000 person polls. They do 30,000 person polls and it shows unemployment still at 9%.
Thanks to Obama’s windmills but no oil from Canada, high oil prices are causing the American economy to stall now. The world is bracing now for a recession in Europe, a slowdown in China and now a stalling American economy. The EU economy contracted 0.3% last month. Stock market volume is decreasing at a rate of 10% per year under Obama policy concerns. The FED is now considering buying bonds again simply because investors are beginning to demand higher bond interest rates. Investors see that Obama is turning America into a super-Greece.
Market at 2008 level and still looks ready to plunge. Stock volume is incredibly thin making it easy to manipulate the market higher… until the funds pull the plug again.
The VIX may be starting to rise. A sharp computer sell-off could end the current rally any moment now and trigger huge stop-losses.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=2y&l=on&z=m&q=l&c=
Bulk shipments are beginning to rise again and stock prices of bulk shippers soared even though they will continue to face high losses in the months ahead. Most of the rise however is from short sellers covering themselves. It will probably take a year for the industry to really recover because Asia and Europe have stagnant growth and Obama stagnation continues with growth driven entirely by inflation of less than 2.5% per year. The net Obama economic growth adjusted for inflation continues at a zero rate after the initial sharp decline. Trade had collapsed to the lowest world bulk trade level that existed since Obama started the Obama Great Depression in one of his 2007-2008 campaign speeches. In the past, a decline like this set off alarms around the financial world because it implies supply exceeds demand and something has to give.
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stock markets were up last night. China up 0.0%, Hong Kong up 1%, India up 0.7%, and Japan up 1.6%.
European markets are up today in a range 0.1% to 1.4% half way through their day.
American market futures are up about 0.2% in after hour trading at 9 AM EST.
Wells Fargo CEO said Friday that we went from 64% of the nation owning homes quickly up to 67% home ownership giving out Freddie and Fanny “liar loans” and now it is worse at 62%. Racially oriented liar loans (and it was racial if you look at the disproportionate number of the liar loan given to one race…. i.e. “reverse discrimination” almost brought down the entire world! We went from 64% to 62% home ownership and an “Obama Reverse Racial World Depression” with the Senate Banking Commission “Liar Loan Regulations.” Some wanted to take greater advantage of rising prices thinking they could take a low interest variable rate mortgage and flip their house if the interest rate went up. Banks are now accused of doing wrong for giving them the freedom to take that risk. But had the banks refused they would also have been accused of wrong doing.
Economist William A. Barnett says Fed’s shoddy FED data drove Wall Street off the cliff. “While there is plenty of blame to spread around, something deeper has happened and needs to be understood to recognize the real source” of the crisis, says Barnett. That “something” was shoddy monetary data and how they fooled some of the smartest people on Wall Street. The Fed’s monetary data are poor, inadequate and “nearly useless to the public,” he says.
The net Obama economic growth adjusted for inflation continues at a zero rate after the initial sharp 2009 decline. One month of suspicious Obama economic statistics does not make an improving American economy. Both Europe and China are already slowing economically. Europe is already facing the deficit crisis that Obama’s policies will create in three years.
MSNBC is desperate to help Obama by creating an illusion of prosperity to artificially prop up the world stock markets. Th
70% of Americans now take more from the tax system than they put into the system. The rioters on the streets of Greece are the children of the Greeks who robbed their welfare state and left their children a bankrupt nation. The 70% are now robbing the American system and cannot be tolerated.
The nation’s budget spending has more than doubled under Obama, pushing the annual deficit to more than $1 trillion and the national debt to $15.2 trillion. Obama’s budget today spends more than $3 trillion in the next fiscal year, and contains no accounting for where taxpayers’ money actually goes. “If the public can’t easily find and understand quality spending information, they can’t use that information to make their opinions heard by Congress,” said Sam Rosen-Amy, a federal fiscal policy analyst at the Washington-based nonprofit research group OMB Watch.
World markets
Swedish Finance Minister Anders Borg announced the government will cut the economic growth outlook for 2012 to 0.5 percent from 1.3 percent as exports falter. Central bank Governor Stefan Ingves said house prices may slide further in the largest Nordic economy after halving his separate forecast for the economy. Sweden’s economy that was Europe’s strongest as recently as 2010, will hardly grow as the Greek crisis spreads north, killing jobs, sapping confidence and tipping the housing market into a decline.
The European Central Bank is swapping its Greek bonds for new ones to ensure Greece isn’t forced into a debt restructuring default, three euro-area officials said.
Beacon Capital Partners Inc. fund defaulted on 429 million pounds ($678 million) of loans secured by a 36-story London building known as CityPoint, according to a regulatory filing.
Fan Jianping, chief economist at the government-run State Information Center, said that China has its lowest annual growth target in eight years as authorities acknowledge the slowing pace of expansion and the global economy weakens further.
Renault’s earnings before interest, taxes fell 0.7 percent last year. Free cash flow from the car-manufacturing unit was positive at 1.08 billion euros ($1.4 billion). Peugeot saw a 27 percent operating profit drop and a negative cash flow of 1.65 billion euros.
European Union’s statistics office reported today that the total Gross domestic product in the 17-nation euro area fell 0.3 percent from the prior three months, the first drop since the second quarter.
Swisscom, Switzerland’s largest phone company, dropped the most in six months in Zurich after predicting lower revenue and an unchanged dividend for 2012 and posted its first quarterly loss since 2002.
Asian markets (especially China) have still failed to break out some on the third and fourth times at resistance levels. China’s stocks could fall 50% from here if Obama’s announced world wide “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 may be hitting a limit now with a head and shoulder sell signal. 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
Incyte Corp that won U.S. approval to sell the first treatment for patients with a rare bone-marrow disease, reported a fourth-quarter net loss of $55.1 million and fell 5.5 percent in the biggest single-day decline since Oct. 13.
PepsiCo Inc. strategy to sell more Tropicana brand Oj is to Add water to its new products like parents do anyway.
.
The Federal Communications Commission won’t let LightSquared begin service after the Obama administration claimed it disrupts navigation gear used by planes, boats and autos. LightSquared had invested $4 billion in its plan to offer service that lets users browse the Web at higher speeds.
The combined value of Google and Microsoft, Apple’s two main phone platform rivals is now less than Apple’s market cap. Apple’s market capitalization topped $460 billion while Exxon’s value is just under $397 billion. Of course Steve Jobs only died last October so it may be a few more months before Apple runs out of great new products. By this time next year we predict the price of Apple stock will be less the $250 per share or half the current price.
Last week
Consumer Credit Dec $19.3B down from $20.4B Consumer demand declined, not good
MBA Mortgage Index 02/04 +7.5% up from -2.9% due to seasonal effects
Crude Inventories 02/04 0.304M down from 4.175M
Initial Claims 02/04 358K down slightly from 367K Not Bad
Continuing Claims 01/28 3515K up from 3437K Not good
Feb 9 10:00 AM Wholesale Inventories Dec 1.0% up sharply from 0.1% Decreasing is good. This is bad
Trade Balance Dec -$48.8B 2% worse at $47.8B got worse again
Mich Sentiment Feb 72.5 declined from 75.0 not good
Treasury Budget Jan -$27.down from -$49.8B not reliable
Retail Sales Jan 0.4% up from 0.1% like the USSR Makes no sense
Retail Sales ex-auto Jan 0.7% up from -0.2% like the USSR Makes no sense
Export Prices ex-ag. Jan 0.0% up from -0.2% Ok
Import Prices ex-oil Jan 0.1% down from 0.2% good
Business Inventories Dec 0.4% up from 0.3% not good
MBA Mortgage Index 02/11 -1.0% NA NA 7.5% -
Feb 15 8:30 AM Empire Manufacturing Feb 19.5 up from 13.5 – good NY manufacturing
Feb 15 9:00 AM Net Long-Term TIC Flows Dec $17.9B down from $59.8B very bad-This means foreign investment in the USA is plummeting. Not Good
Feb 15 9:15 AM Industrial Production Jan 0.0% plummeted from 0.4% Not Good
Feb 15 9:15 AM Capacity Utilization Jan 78.5% up slightly 78.1% flat
Feb 15 10:00 AM NAHB Housing Market Index Feb 29 up from 25 seasonal
Feb 15 10:30 AM Crude Inventories 02/11 -0.171M down 0.304M flat
Yesterday
Initial Claims 02/11 348K down from 358K
Feb 16 8:30 AM Continuing Claims 02/04 3426K down from 3515K good
Feb 16 8:30 AM Housing Starts Jan 699K up from 657K good
Feb 16 8:30 AM Building Permits Jan 676K down from 679K not good
Feb 16 8:30 AM PPI Jan 0.1up from -0.1% -
Feb 16 8:30 AM Core PPI Jan 0.4% up from 0.3% -
Feb 16 10:00 AM Philadelphia Fed Feb 10.2 up from 7.3 good
This Week
Feb 17 8:30 AM CPI Jan
Feb 17 8:30 AM Core CPI Jan
Feb 17 10:00 AM Leading Indicators Jan
Market outlook February 17, 2012
Unemployment pollster on Squawk Box says the low unemployment reports are based on biased 1000 person polls. They do 30,000 person polls and it shows unemployment still at 9%.
Thanks to Obama’s windmills but no oil from Canada, high oil prices are causing the American economy to stall now. The world is bracing now for a recession in Europe, a slowdown in China and now a stalling American economy. The EU economy contracted 0.3% last month. Stock market volume is decreasing at a rate of 10% per year under Obama policy concerns. The FED is now considering buying bonds again simply because investors are beginning to demand higher bond interest rates. Investors see that Obama is turning America into a super-Greece.
Market at 2008 level and still looks ready to plunge. Stock volume is incredibly thin making it easy to manipulate the market higher… until the funds pull the plug again.
The VIX may be starting to rise. A sharp computer sell-off could end the current rally any moment now and trigger huge stop-losses.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=2y&l=on&z=m&q=l&c=
Bulk shipments are beginning to rise again and stock prices of bulk shippers soared even though they will continue to face high losses in the months ahead. Most of the rise however is from short sellers covering themselves. It will probably take a year for the industry to really recover because Asia and Europe have stagnant growth and Obama stagnation continues with growth driven entirely by inflation of less than 2.5% per year. The net Obama economic growth adjusted for inflation continues at a zero rate after the initial sharp decline. Trade had collapsed to the lowest world bulk trade level that existed since Obama started the Obama Great Depression in one of his 2007-2008 campaign speeches. In the past, a decline like this set off alarms around the financial world because it implies supply exceeds demand and something has to give.
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stock markets were up last night. China up 0.0%, Hong Kong up 1%, India up 0.7%, and Japan up 1.6%.
European markets are up today in a range 0.1% to 1.4% half way through their day.
American market futures are up about 0.2% in after hour trading at 9 AM EST.
Thursday, February 16, 2012
Lies, lies, and more lies as Greece’s demands even more aid on top of the 110 billion euros bailout they got in 2010
Lies, lies, and more lies as Greece’s demands even more aid on top of the 110 billion euros bailout they got in 2010 proving they are getting worse not better at managing their huge army of government workers many who have nothing to do but sleep all day. Taxpayers are rebelling against further handouts to Greece. Each day brings Greece closer to a March 20 bond redemption when it must make a 14.5 billion-euro payment or become the first country in the euro’s 13-year history to default. German economy begins to stall and they are sick and tired of having to support the lazy Greek socialists.
Rising oil prices are stalling the American economy the Fed warns. That is due to Obama shutting down American production and refusing to allow Canadian oil to flow into America.
Economist William A. Barnett says Fed’s shoddy FED data, not greedy bankers, drove Wall Street off the cliff. “While there is plenty of blame to spread around, something deeper has happened and needs to be understood to recognize the real source” of the crisis, says Barnett. That “something” was shoddy monetary data and how they fooled some of the smartest people on Wall Street. The Fed’s monetary data are poor, inadequate and “nearly useless to the public,” he says. The totals suffer from the common error of adding apples and oranges or, as he puts it, subway trains and roller skates. And on top of that the Obama data manipulators change the date to make it look worse in the following updates (that no one sees) so that Obama can pretend things improve the next time.
The net Obama economic growth adjusted for inflation continues at a zero rate after the initial sharp 2009 decline. One month of suspicious Obama economic statistics does not make an improving American economy. Both Europe and China are already slowing economically. Europe is already facing the deficit crisis that Obama’s policies will create in three years.
MSNBC is desperate to help Obama by creating an illusion of prosperity to artificially prop up the world stock markets. Their effort is pure leftist manipulation and will ultimately cause a larger market collapse. They lied and claimed the market has higher volume that shows it has legs. The average stock market volume during market improvements has been declining under Obama at a rate that exceeds 10% a year while the peak volumes during declines still exceeds the volumes during declines prior to Obama. At this time we could either see the second shoulder of a head and shoulder decline soon or another near record decline in November regardless of who is elected.
70% of Americans now take more from the tax system than they put into the system. The rioters on the streets of Greece are the children of the Greeks who robbed their welfare state and left their children a bankrupt nation. The 70% are now robbing the American system and cannot be tolerated.
The nation’s budget spending has more than doubled under Obama, pushing the annual deficit to more than $1 trillion and the national debt to $15.2 trillion. Obama’s budget today spends more than $3 trillion in the next fiscal year, and contains no accounting for where taxpayers’ money actually goes. “If the public can’t easily find and understand quality spending information, they can’t use that information to make their opinions heard by Congress,” said Sam Rosen-Amy, a federal fiscal policy analyst at the Washington-based nonprofit research group OMB Watch.
A compromise Obama offered last week that would force health insurers, and not religious-affiliated charities, to pay for contraceptives for employees of those institutions may have moved him off the defensive. The Catholic Institutions therefore would no longer have to pay directly for safe sex but would just pay a higher insurance rate. Eventually flavored scented oils will be added to the free services because socialists have determined that oral sex is safer for children under 18. This is how socialists show that they are not just intrusive they are also very stupid.
World markets
German stock market sentiment that just turned bullish now after their stock market rose 30% is a contrarian indicator. The time to sell is when investor sentiment is at its high.
Fan Jianping, chief economist at the government-run State Information Center, said that China has its lowest annual growth target in eight years as authorities acknowledge the slowing pace of expansion and the global economy weakens further.
Nestle SA, the world’s biggest food company, reported 2011 sales growth as it introduced the Nescafe Alegria coffee maker.
Sweden’s central bank abandoned a planned interest rate increases for the rest of the year as Europe’s debt crisis as policy makers warn that weak exports are destroying jobs Swedish jobs and the economy has stopped growing.
Spain issued 4.07 billion euros in securities maturing in 2015 and October 2019. The yield on Spanish borrowing costs rose. Spain had safety ratings cut by Moodys as Europe’s socialist economic contagion grows.
Stocks fell, the Euro weakened for a fifth day and commodities declined as Europe’s leaders remain divided over a Greek rescue and Moody’s Investors Service said it may now downgrade global banks. The cost of insuring government debt against default rose to a new high.
The car market in France declined. Renault’s earnings before interest, taxes fell 0.7 percent last year. Free cash flow from the car-manufacturing unit was positive at 1.08 billion euros ($1.4 billion). Peugeot saw a 27 percent operating profit drop and a negative cash flow of 1.65 billion euros.
OCI Co., the world’s second-largest maker of polysilicon for Obama’s failed economy crippling solar panel energy policy, fell the most in more than three months in Seoul trading after Citigroup Inc. said Germany will likely cut industry subsidies by more than 20 percent.
European Union’s statistics office reported today that the total Gross domestic product in the 17-nation euro area fell 0.3 percent from the prior three months, the first drop since the second quarter of 2009 Moody’s Investors Service cut the ratings of six of the region’s member states on Feb. 13, saying policy makers haven’t done enough to restore investor confidence. European Central Bank President Mario Draghi said that the ECB averted a credit crunch with its three-year loans to lenders in December. The central bank will offer another round of financing, known as LTRO, at the end of February. It was also reported that industrial production in the 17-nation eurozone declined 1.1% in December.
Elpida Memory Inc. fell 14 percent in Tokyo trading and its convertible bonds had a record drop after the chipmaker said there is “uncertainty” over its viability because it lacks financing for debt due in April.
Swisscom, Switzerland’s largest phone company, dropped the most in six months in Zurich after predicting lower revenue and an unchanged dividend for 2012 and posted its first quarterly loss since 2002.
Asian markets (especially China) have still failed to break out some on the third and fourth times at resistance levels. China’s stocks could fall 50% from here if Obama’s announced world wide “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 may be hitting a limit now with a head and shoulder sell signal. 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
Incyte Corp that won U.S. approval to sell the first treatment for patients with a rare bone-marrow disease, reported a fourth-quarter net loss of $55.1 million and fell 5.5 percent in the biggest single-day decline since Oct. 13.
PepsiCo Inc. strategy to sell more Tropicana brand Oj is to Add water to its new products like parents do anyway.
.
The Federal Communications Commission won’t let LightSquared begin service after the Obama administration claimed it disrupts navigation gear used by planes, boats and autos. LightSquared had invested $4 billion in its plan to offer service that lets users browse the Web at higher speeds.
The combined value of Google and Microsoft, Apple’s two main phone platform rivals is now less than Apple’s market cap. Apple’s market capitalization topped $460 billion while Exxon’s value is just under $397 billion. Of course Steve Jobs only died last October so it may be a few more months before Apple runs out of great new products. By this time next year we predict the price of Apple stock will be less the $250 per share or half the current price.
Last week
Consumer Credit Dec $19.3B down from $20.4B Consumer demand declined, not good
MBA Mortgage Index 02/04 +7.5% up from -2.9% due to seasonal effects
Crude Inventories 02/04 0.304M down from 4.175M
Initial Claims 02/04 358K down slightly from 367K Not Bad
Continuing Claims 01/28 3515K up from 3437K Not good
Feb 9 10:00 AM Wholesale Inventories Dec 1.0% up sharply from 0.1% Decreasing is good. This is bad
Trade Balance Dec -$48.8B 2% worse at $47.8B got worse again
Mich Sentiment Feb 72.5 declined from 75.0 not good
Treasury Budget Jan -$27.down from -$49.8B not reliable
Retail Sales Jan 0.4% up from 0.1% like the USSR Makes no sense
Retail Sales ex-auto Jan 0.7% up from -0.2% like the USSR Makes no sense
Export Prices ex-ag. Jan 0.0% up from -0.2% Ok
Import Prices ex-oil Jan 0.1% down from 0.2% good
Business Inventories Dec 0.4% up from 0.3% not good
Yesterday
MBA Mortgage Index 02/11 -1.0% NA NA 7.5% -
Feb 15 8:30 AM Empire Manufacturing Feb 19.5 up from 13.5 – good NY manufacturing
Feb 15 9:00 AM Net Long-Term TIC Flows Dec $17.9B down from $59.8B very bad-This means foreign investment in the USA is plummeting. Not Good
Feb 15 9:15 AM Industrial Production Jan 0.0% plummeted from 0.4% Not Good
Feb 15 9:15 AM Capacity Utilization Jan 78.5% up slightly 78.1% flat
Feb 15 10:00 AM NAHB Housing Market Index Feb 29 up from 25 seasonal
Feb 15 10:30 AM Crude Inventories 02/11 -0.171M down 0.304M flat
This Week
Feb 16 8:30 AM Initial Claims 02/11
Feb 16 8:30 AM Continuing Claims 02/04
Feb 16 8:30 AM Housing Starts Jan
Feb 16 8:30 AM Building Permits Jan
Feb 16 8:30 AM PPI Jan
Feb 16 8:30 AM Core PPI Jan
Feb 16 10:00 AM Philadelphia Fed Feb
Feb 17 8:30 AM CPI Jan
Feb 17 8:30 AM Core CPI Jan
Feb 17 10:00 AM Leading Indicators Jan
Market outlook February 16, 2012
Thanks to Obama’s windmills but no oil from Canada, high oil prices are causing the American economy to stall now. The world is bracing now for a recession in Europe, a slowdown in China and now a stalling American economy. The EU economy contracted 0.3% last month. Stock market volume is decreasing at a rate of 10% per year under Obama policy concerns. The FED is now considering buying bonds again simply because investors are beginning to demand higher bond interest rates. Investors see that Obama is turning America into a super-Greece.
Market at 2008 level and still looks ready to plunge. Stock volume is incredibly thin making it easy to manipulate the market higher… until the funds pull the plug again.
The VIX may be starting to rise. A sharp computer sell-off could end the current rally any moment now and trigger huge stop-losses.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=2y&l=on&z=m&q=l&c=
Bulk shipments are beginning to rise again and stock prices of bulk shippers soared even though they will continue to face high losses in the months ahead. Most of the rise however is from short sellers covering themselves. It will probably take a year for the industry to really recover because Asia and Europe have stagnant growth and Obama stagnation continues with growth driven entirely by inflation of less than 2.5% per year. The net Obama economic growth adjusted for inflation continues at a zero rate after the initial sharp decline. Trade had collapsed to the lowest world bulk trade level that existed since Obama started the Obama Great Depression in one of his 2007-2008 campaign speeches. In the past, a decline like this set off alarms around the financial world because it implies supply exceeds demand and something has to give.
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stock markets were down last night. China down –0.4%, Hong Kong down –0.4%, India down –0.3%, and Japan down –0.2%.
European markets are down today in a range -0.1% to -1.3% half way through their day.
American market futures are up about -0.4% in after hour trading at 8 AM EST.
Rising oil prices are stalling the American economy the Fed warns. That is due to Obama shutting down American production and refusing to allow Canadian oil to flow into America.
Economist William A. Barnett says Fed’s shoddy FED data, not greedy bankers, drove Wall Street off the cliff. “While there is plenty of blame to spread around, something deeper has happened and needs to be understood to recognize the real source” of the crisis, says Barnett. That “something” was shoddy monetary data and how they fooled some of the smartest people on Wall Street. The Fed’s monetary data are poor, inadequate and “nearly useless to the public,” he says. The totals suffer from the common error of adding apples and oranges or, as he puts it, subway trains and roller skates. And on top of that the Obama data manipulators change the date to make it look worse in the following updates (that no one sees) so that Obama can pretend things improve the next time.
The net Obama economic growth adjusted for inflation continues at a zero rate after the initial sharp 2009 decline. One month of suspicious Obama economic statistics does not make an improving American economy. Both Europe and China are already slowing economically. Europe is already facing the deficit crisis that Obama’s policies will create in three years.
MSNBC is desperate to help Obama by creating an illusion of prosperity to artificially prop up the world stock markets. Their effort is pure leftist manipulation and will ultimately cause a larger market collapse. They lied and claimed the market has higher volume that shows it has legs. The average stock market volume during market improvements has been declining under Obama at a rate that exceeds 10% a year while the peak volumes during declines still exceeds the volumes during declines prior to Obama. At this time we could either see the second shoulder of a head and shoulder decline soon or another near record decline in November regardless of who is elected.
70% of Americans now take more from the tax system than they put into the system. The rioters on the streets of Greece are the children of the Greeks who robbed their welfare state and left their children a bankrupt nation. The 70% are now robbing the American system and cannot be tolerated.
The nation’s budget spending has more than doubled under Obama, pushing the annual deficit to more than $1 trillion and the national debt to $15.2 trillion. Obama’s budget today spends more than $3 trillion in the next fiscal year, and contains no accounting for where taxpayers’ money actually goes. “If the public can’t easily find and understand quality spending information, they can’t use that information to make their opinions heard by Congress,” said Sam Rosen-Amy, a federal fiscal policy analyst at the Washington-based nonprofit research group OMB Watch.
A compromise Obama offered last week that would force health insurers, and not religious-affiliated charities, to pay for contraceptives for employees of those institutions may have moved him off the defensive. The Catholic Institutions therefore would no longer have to pay directly for safe sex but would just pay a higher insurance rate. Eventually flavored scented oils will be added to the free services because socialists have determined that oral sex is safer for children under 18. This is how socialists show that they are not just intrusive they are also very stupid.
World markets
German stock market sentiment that just turned bullish now after their stock market rose 30% is a contrarian indicator. The time to sell is when investor sentiment is at its high.
Fan Jianping, chief economist at the government-run State Information Center, said that China has its lowest annual growth target in eight years as authorities acknowledge the slowing pace of expansion and the global economy weakens further.
Nestle SA, the world’s biggest food company, reported 2011 sales growth as it introduced the Nescafe Alegria coffee maker.
Sweden’s central bank abandoned a planned interest rate increases for the rest of the year as Europe’s debt crisis as policy makers warn that weak exports are destroying jobs Swedish jobs and the economy has stopped growing.
Spain issued 4.07 billion euros in securities maturing in 2015 and October 2019. The yield on Spanish borrowing costs rose. Spain had safety ratings cut by Moodys as Europe’s socialist economic contagion grows.
Stocks fell, the Euro weakened for a fifth day and commodities declined as Europe’s leaders remain divided over a Greek rescue and Moody’s Investors Service said it may now downgrade global banks. The cost of insuring government debt against default rose to a new high.
The car market in France declined. Renault’s earnings before interest, taxes fell 0.7 percent last year. Free cash flow from the car-manufacturing unit was positive at 1.08 billion euros ($1.4 billion). Peugeot saw a 27 percent operating profit drop and a negative cash flow of 1.65 billion euros.
OCI Co., the world’s second-largest maker of polysilicon for Obama’s failed economy crippling solar panel energy policy, fell the most in more than three months in Seoul trading after Citigroup Inc. said Germany will likely cut industry subsidies by more than 20 percent.
European Union’s statistics office reported today that the total Gross domestic product in the 17-nation euro area fell 0.3 percent from the prior three months, the first drop since the second quarter of 2009 Moody’s Investors Service cut the ratings of six of the region’s member states on Feb. 13, saying policy makers haven’t done enough to restore investor confidence. European Central Bank President Mario Draghi said that the ECB averted a credit crunch with its three-year loans to lenders in December. The central bank will offer another round of financing, known as LTRO, at the end of February. It was also reported that industrial production in the 17-nation eurozone declined 1.1% in December.
Elpida Memory Inc. fell 14 percent in Tokyo trading and its convertible bonds had a record drop after the chipmaker said there is “uncertainty” over its viability because it lacks financing for debt due in April.
Swisscom, Switzerland’s largest phone company, dropped the most in six months in Zurich after predicting lower revenue and an unchanged dividend for 2012 and posted its first quarterly loss since 2002.
Asian markets (especially China) have still failed to break out some on the third and fourth times at resistance levels. China’s stocks could fall 50% from here if Obama’s announced world wide “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 may be hitting a limit now with a head and shoulder sell signal. 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
Incyte Corp that won U.S. approval to sell the first treatment for patients with a rare bone-marrow disease, reported a fourth-quarter net loss of $55.1 million and fell 5.5 percent in the biggest single-day decline since Oct. 13.
PepsiCo Inc. strategy to sell more Tropicana brand Oj is to Add water to its new products like parents do anyway.
.
The Federal Communications Commission won’t let LightSquared begin service after the Obama administration claimed it disrupts navigation gear used by planes, boats and autos. LightSquared had invested $4 billion in its plan to offer service that lets users browse the Web at higher speeds.
The combined value of Google and Microsoft, Apple’s two main phone platform rivals is now less than Apple’s market cap. Apple’s market capitalization topped $460 billion while Exxon’s value is just under $397 billion. Of course Steve Jobs only died last October so it may be a few more months before Apple runs out of great new products. By this time next year we predict the price of Apple stock will be less the $250 per share or half the current price.
Last week
Consumer Credit Dec $19.3B down from $20.4B Consumer demand declined, not good
MBA Mortgage Index 02/04 +7.5% up from -2.9% due to seasonal effects
Crude Inventories 02/04 0.304M down from 4.175M
Initial Claims 02/04 358K down slightly from 367K Not Bad
Continuing Claims 01/28 3515K up from 3437K Not good
Feb 9 10:00 AM Wholesale Inventories Dec 1.0% up sharply from 0.1% Decreasing is good. This is bad
Trade Balance Dec -$48.8B 2% worse at $47.8B got worse again
Mich Sentiment Feb 72.5 declined from 75.0 not good
Treasury Budget Jan -$27.down from -$49.8B not reliable
Retail Sales Jan 0.4% up from 0.1% like the USSR Makes no sense
Retail Sales ex-auto Jan 0.7% up from -0.2% like the USSR Makes no sense
Export Prices ex-ag. Jan 0.0% up from -0.2% Ok
Import Prices ex-oil Jan 0.1% down from 0.2% good
Business Inventories Dec 0.4% up from 0.3% not good
Yesterday
MBA Mortgage Index 02/11 -1.0% NA NA 7.5% -
Feb 15 8:30 AM Empire Manufacturing Feb 19.5 up from 13.5 – good NY manufacturing
Feb 15 9:00 AM Net Long-Term TIC Flows Dec $17.9B down from $59.8B very bad-This means foreign investment in the USA is plummeting. Not Good
Feb 15 9:15 AM Industrial Production Jan 0.0% plummeted from 0.4% Not Good
Feb 15 9:15 AM Capacity Utilization Jan 78.5% up slightly 78.1% flat
Feb 15 10:00 AM NAHB Housing Market Index Feb 29 up from 25 seasonal
Feb 15 10:30 AM Crude Inventories 02/11 -0.171M down 0.304M flat
This Week
Feb 16 8:30 AM Initial Claims 02/11
Feb 16 8:30 AM Continuing Claims 02/04
Feb 16 8:30 AM Housing Starts Jan
Feb 16 8:30 AM Building Permits Jan
Feb 16 8:30 AM PPI Jan
Feb 16 8:30 AM Core PPI Jan
Feb 16 10:00 AM Philadelphia Fed Feb
Feb 17 8:30 AM CPI Jan
Feb 17 8:30 AM Core CPI Jan
Feb 17 10:00 AM Leading Indicators Jan
Market outlook February 16, 2012
Thanks to Obama’s windmills but no oil from Canada, high oil prices are causing the American economy to stall now. The world is bracing now for a recession in Europe, a slowdown in China and now a stalling American economy. The EU economy contracted 0.3% last month. Stock market volume is decreasing at a rate of 10% per year under Obama policy concerns. The FED is now considering buying bonds again simply because investors are beginning to demand higher bond interest rates. Investors see that Obama is turning America into a super-Greece.
Market at 2008 level and still looks ready to plunge. Stock volume is incredibly thin making it easy to manipulate the market higher… until the funds pull the plug again.
The VIX may be starting to rise. A sharp computer sell-off could end the current rally any moment now and trigger huge stop-losses.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=2y&l=on&z=m&q=l&c=
Bulk shipments are beginning to rise again and stock prices of bulk shippers soared even though they will continue to face high losses in the months ahead. Most of the rise however is from short sellers covering themselves. It will probably take a year for the industry to really recover because Asia and Europe have stagnant growth and Obama stagnation continues with growth driven entirely by inflation of less than 2.5% per year. The net Obama economic growth adjusted for inflation continues at a zero rate after the initial sharp decline. Trade had collapsed to the lowest world bulk trade level that existed since Obama started the Obama Great Depression in one of his 2007-2008 campaign speeches. In the past, a decline like this set off alarms around the financial world because it implies supply exceeds demand and something has to give.
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stock markets were down last night. China down –0.4%, Hong Kong down –0.4%, India down –0.3%, and Japan down –0.2%.
European markets are down today in a range -0.1% to -1.3% half way through their day.
American market futures are up about -0.4% in after hour trading at 8 AM EST.
Wednesday, February 15, 2012
The net Obama economic growth adjusted for inflation continues at a zero rate after the initial sharp 2009 decline.
The net Obama economic growth adjusted for inflation continues at a zero rate after the initial sharp 2009 decline. One month of suspicious Obama economic statistics does not make an improving American economy. Both Europe and China are already slowing economically. Europe is already facing the deficit crisis that Obama’s policies will create in three years.
The nation’s budget spending has more than doubled under Obama, pushing the annual deficit to more than $1 trillion and the national debt to $15.2 trillion. Obama’s budget today spends more than $3 trillion in the next fiscal year, and contains no accounting for where taxpayers’ money actually goes. “If the public can’t easily find and understand quality spending information, they can’t use that information to make their opinions heard by Congress,” said Sam Rosen-Amy, a federal fiscal policy analyst at the Washington-based nonprofit research group OMB Watch.
A compromise Obama offered last week that would force health insurers, and not religious-affiliated charities, to pay for contraceptives for employees of those institutions may have moved him off the defensive. The Catholic Institutions therefore would no longer have to pay directly for safe sex but would just pay a higher insurance rate. Eventually flavored scented oils will be added to the free services because Obama has already determined that oral sex is safer for children under 18. This is how socialists show that they are not just intrusive they are also very stupid.
Florida has an 11.(% foreclosure rate with home prices down 49%, a 9.9% unemployment rate, and the nation’s highest mortgage delinquency rate at 17.4%.
The stock market has been having a government gridlock rally. Gridlock is much better for the economy than Obama. Wealth redistribution is Obama’s code word for vote buying. Obama/Greek style union/state worker government corruption is killing America.
World markets
OCI Co., the world’s second-largest maker of polysilicon for Obama’s failed economy crippling solar panel energy policy, fell the most in more than three months in Seoul trading after Citigroup Inc. said Germany will likely cut industry subsidies by more than 20 percent.
European Union’s statistics office reported today that the total Gross domestic product in the 17-nation euro area fell 0.3 percent from the prior three months, the first drop since the second quarter of 2009 Moody’s Investors Service cut the ratings of six of the region’s member states on Feb. 13, saying policy makers haven’t done enough to restore investor confidence. European Central Bank President Mario Draghi said that the ECB averted a credit crunch with its three-year loans to lenders in December. The central bank will offer another round of financing, known as LTRO, at the end of February. It was also reported that industrial production in the 17-nation eurozone declined 1.1% in December.
Elpida Memory Inc. fell 14 percent in Tokyo trading and its convertible bonds had a record drop after the chipmaker said there is “uncertainty” over its viability because it lacks financing for debt due in April.
Swisscom, Switzerland’s largest phone company, dropped the most in six months in Zurich after predicting lower revenue and an unchanged dividend for 2012 and posted its first quarterly loss since 2002.
Stocks advanced in Europe as China pledged to help resolve Europe’s debt crisis and the leaders of Greece’s two biggest political parties said they would provide written pledges to keep their promises this time if re-elected in exchange for a European Union-led bailout. However they may all lose their elections so their political promises mean nothing.
Moody’s downgraded Spain to A3 from A1, Italy to A3 from A2 and Portugal to Ba3 from Ba2, all with negative outlooks. Slovakia, Slovenia and Malta also had their ratings lowered. Moody’s said it might strip France and the U.K. of their top Aaa ratings, citing Europe’s debt crisis. The USA which has never defaulted in its existence is currently rated as low as France and the U.K. due to Obama’s expensive vote buying with 50% (Obama voters) now paying no Federal income taxes and 70% getting back more than they pay in. Emerging-market stocks fell.
Brazil’s retail sales rose more than analysts expected in December to almost their accelerating inflation rate.
Olympus Corp, the Japanese camera maker that admitted a 13-year accounting fraud, predicted a $412 Million annual loss that was worse than analysts’ estimates as it wrote off equipment damaged by Thailand’s record floods.
Announced European workforce reductions surged to 94,369 through Feb. 10 from 26,561 this time last year. These losses are now running at the fastest pace since a 2009 peak, when the European and U.S. economies had the deepest slump since World War II. Now, based on economists’ estimates, Europe’s debt crises are said likely to spur a 0.5 percent contraction in the Euro- area economy in 2012.
Norway faces a “severe” credit shock. “Soaring household debt and home prices are a good reason for concern,” Baltzersen said of the housing bubble forming. “Both the household debt-to- income ratio and the house price level have reached historic records and household debt is still growing faster than income.”
Asian markets (especially China) have still failed to break out some on the third and fourth times at resistance levels. China’s stocks could fall 50% from here if Obama’s announced world wide “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 may be hitting a limit now with a head and shoulder sell signal. 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
PepsiCo Inc. strategy to sell more Tropicana brand Oj is to Add water to its new products like parents do anyway.
.
The Federal Communications Commission won’t let LightSquared begin service after the Obama administration claimed it disrupts navigation gear used by planes, boats and autos. LightSquared had invested $4 billion in its plan to offer service that lets users browse the Web at higher speeds.
The combined value of Google and Microsoft, Apple’s two main phone platform rivals is now less than Apple’s market cap. Apple’s market capitalization topped $460 billion while Exxon’s value is just under $397 billion. Of course Steve Jobs only died last October so it may be a few more months before Apple runs out of great new products. By this time next year we predict the price of Apple stock will be less the $250 per share or half the current price.
Last week
Consumer Credit Dec $19.3B down from $20.4B Consumer demand declined, not good
MBA Mortgage Index 02/04 +7.5% up from -2.9% due to seasonal effects
Crude Inventories 02/04 0.304M down from 4.175M
Initial Claims 02/04 358K down slightly from 367K Not Bad
Continuing Claims 01/28 3515K up from 3437K Not good
Feb 9 10:00 AM Wholesale Inventories Dec 1.0% up sharply from 0.1% Decreasing is good. This is bad
Trade Balance Dec -$48.8B 2% worse at $47.8B got worse again
Mich Sentiment Feb 72.5 declined from 75.0 not good
Treasury Budget Jan -$27.down from -$49.8B not reliable
Yesterday
Retail Sales Jan 0.4% up from 0.1% like the USSR Makes no sense
Retail Sales ex-auto Jan 0.7% up from -0.2% like the USSR Makes no sense
Export Prices ex-ag. Jan 0.0% up from -0.2% Ok
Import Prices ex-oil Jan 0.1% down from 0.2% good
Business Inventories Dec 0.4% up from 0.3% not good
This Week
Feb 15 7:00 AM MBA Mortgage Index 02/11
Feb 15 8:30 AM Empire Manufacturing Feb
Feb 15 9:00 AM Net Long-Term TIC Flows Dec
Feb 15 9:15 AM Industrial Production Jan
Feb 15 9:15 AM Capacity Utilization Jan
Feb 15 10:00 AM NAHB Housing Market Index Feb
Feb 15 10:30 AM Crude Inventories 02/11
Feb 15 2:00 PM FOMC Minutes 1/25
Feb 16 8:30 AM Initial Claims 02/11
Feb 16 8:30 AM Continuing Claims 02/04
Feb 16 8:30 AM Housing Starts Jan
Feb 16 8:30 AM Building Permits Jan
Feb 16 8:30 AM PPI Jan
Feb 16 8:30 AM Core PPI Jan
Feb 16 10:00 AM Philadelphia Fed Feb
Feb 17 8:30 AM CPI Jan
Feb 17 8:30 AM Core CPI Jan
Feb 17 10:00 AM Leading Indicators Jan
Market outlook February 15, 2012
The world is bracing now for a recession in Europe and a slowdown in China. The EU economy contracted 0.3% last month. Market volume is decreasing at a rate of 10% per year under Obama policy concerns.
Market at 2008 level and still looks ready to plunge. Stock volume is incredibly thin making it easy to manipulate the market higher… until the funds pull the plug again.
The VIX may be starting to rise. A sharp computer sell-off could end the current rally any moment now and trigger huge stop-losses.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=2y&l=on&z=m&q=l&c=
Bulk shipments are beginning to rise and stock prices of bulk shippers soared even though they will continue to face high losses in the months ahead. Most of the rise however is from short sellers covering themselves. It will probably take a year for the industry to really recover because Asia and Europe have stagnant growth and Obama stagnation continues with growth driven entirely by inflation of less than 2.5% per year. The net Obama economic growth adjusted for inflation continues at a zero rate after the initial sharp decline. Trade had collapsed to the lowest world bulk trade level that existed since Obama started the Obama Great Depression in one of his 2007-2008 campaign speeches. In the past, a decline like this set off alarms around the financial world because it implies supply exceeds demand and something has to give.
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stock markets were up last night. China up 09%, Hong Kong up 2.1%, India up 2%, and Japan up 2.3%
European markets are up today in a range 0.5% to +1.4% half way through their day.
American market futures are up about 0.7% in after hour trading at 8 AM EST.
The nation’s budget spending has more than doubled under Obama, pushing the annual deficit to more than $1 trillion and the national debt to $15.2 trillion. Obama’s budget today spends more than $3 trillion in the next fiscal year, and contains no accounting for where taxpayers’ money actually goes. “If the public can’t easily find and understand quality spending information, they can’t use that information to make their opinions heard by Congress,” said Sam Rosen-Amy, a federal fiscal policy analyst at the Washington-based nonprofit research group OMB Watch.
A compromise Obama offered last week that would force health insurers, and not religious-affiliated charities, to pay for contraceptives for employees of those institutions may have moved him off the defensive. The Catholic Institutions therefore would no longer have to pay directly for safe sex but would just pay a higher insurance rate. Eventually flavored scented oils will be added to the free services because Obama has already determined that oral sex is safer for children under 18. This is how socialists show that they are not just intrusive they are also very stupid.
Florida has an 11.(% foreclosure rate with home prices down 49%, a 9.9% unemployment rate, and the nation’s highest mortgage delinquency rate at 17.4%.
The stock market has been having a government gridlock rally. Gridlock is much better for the economy than Obama. Wealth redistribution is Obama’s code word for vote buying. Obama/Greek style union/state worker government corruption is killing America.
World markets
OCI Co., the world’s second-largest maker of polysilicon for Obama’s failed economy crippling solar panel energy policy, fell the most in more than three months in Seoul trading after Citigroup Inc. said Germany will likely cut industry subsidies by more than 20 percent.
European Union’s statistics office reported today that the total Gross domestic product in the 17-nation euro area fell 0.3 percent from the prior three months, the first drop since the second quarter of 2009 Moody’s Investors Service cut the ratings of six of the region’s member states on Feb. 13, saying policy makers haven’t done enough to restore investor confidence. European Central Bank President Mario Draghi said that the ECB averted a credit crunch with its three-year loans to lenders in December. The central bank will offer another round of financing, known as LTRO, at the end of February. It was also reported that industrial production in the 17-nation eurozone declined 1.1% in December.
Elpida Memory Inc. fell 14 percent in Tokyo trading and its convertible bonds had a record drop after the chipmaker said there is “uncertainty” over its viability because it lacks financing for debt due in April.
Swisscom, Switzerland’s largest phone company, dropped the most in six months in Zurich after predicting lower revenue and an unchanged dividend for 2012 and posted its first quarterly loss since 2002.
Stocks advanced in Europe as China pledged to help resolve Europe’s debt crisis and the leaders of Greece’s two biggest political parties said they would provide written pledges to keep their promises this time if re-elected in exchange for a European Union-led bailout. However they may all lose their elections so their political promises mean nothing.
Moody’s downgraded Spain to A3 from A1, Italy to A3 from A2 and Portugal to Ba3 from Ba2, all with negative outlooks. Slovakia, Slovenia and Malta also had their ratings lowered. Moody’s said it might strip France and the U.K. of their top Aaa ratings, citing Europe’s debt crisis. The USA which has never defaulted in its existence is currently rated as low as France and the U.K. due to Obama’s expensive vote buying with 50% (Obama voters) now paying no Federal income taxes and 70% getting back more than they pay in. Emerging-market stocks fell.
Brazil’s retail sales rose more than analysts expected in December to almost their accelerating inflation rate.
Olympus Corp, the Japanese camera maker that admitted a 13-year accounting fraud, predicted a $412 Million annual loss that was worse than analysts’ estimates as it wrote off equipment damaged by Thailand’s record floods.
Announced European workforce reductions surged to 94,369 through Feb. 10 from 26,561 this time last year. These losses are now running at the fastest pace since a 2009 peak, when the European and U.S. economies had the deepest slump since World War II. Now, based on economists’ estimates, Europe’s debt crises are said likely to spur a 0.5 percent contraction in the Euro- area economy in 2012.
Norway faces a “severe” credit shock. “Soaring household debt and home prices are a good reason for concern,” Baltzersen said of the housing bubble forming. “Both the household debt-to- income ratio and the house price level have reached historic records and household debt is still growing faster than income.”
Asian markets (especially China) have still failed to break out some on the third and fourth times at resistance levels. China’s stocks could fall 50% from here if Obama’s announced world wide “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 may be hitting a limit now with a head and shoulder sell signal. 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
PepsiCo Inc. strategy to sell more Tropicana brand Oj is to Add water to its new products like parents do anyway.
.
The Federal Communications Commission won’t let LightSquared begin service after the Obama administration claimed it disrupts navigation gear used by planes, boats and autos. LightSquared had invested $4 billion in its plan to offer service that lets users browse the Web at higher speeds.
The combined value of Google and Microsoft, Apple’s two main phone platform rivals is now less than Apple’s market cap. Apple’s market capitalization topped $460 billion while Exxon’s value is just under $397 billion. Of course Steve Jobs only died last October so it may be a few more months before Apple runs out of great new products. By this time next year we predict the price of Apple stock will be less the $250 per share or half the current price.
Last week
Consumer Credit Dec $19.3B down from $20.4B Consumer demand declined, not good
MBA Mortgage Index 02/04 +7.5% up from -2.9% due to seasonal effects
Crude Inventories 02/04 0.304M down from 4.175M
Initial Claims 02/04 358K down slightly from 367K Not Bad
Continuing Claims 01/28 3515K up from 3437K Not good
Feb 9 10:00 AM Wholesale Inventories Dec 1.0% up sharply from 0.1% Decreasing is good. This is bad
Trade Balance Dec -$48.8B 2% worse at $47.8B got worse again
Mich Sentiment Feb 72.5 declined from 75.0 not good
Treasury Budget Jan -$27.down from -$49.8B not reliable
Yesterday
Retail Sales Jan 0.4% up from 0.1% like the USSR Makes no sense
Retail Sales ex-auto Jan 0.7% up from -0.2% like the USSR Makes no sense
Export Prices ex-ag. Jan 0.0% up from -0.2% Ok
Import Prices ex-oil Jan 0.1% down from 0.2% good
Business Inventories Dec 0.4% up from 0.3% not good
This Week
Feb 15 7:00 AM MBA Mortgage Index 02/11
Feb 15 8:30 AM Empire Manufacturing Feb
Feb 15 9:00 AM Net Long-Term TIC Flows Dec
Feb 15 9:15 AM Industrial Production Jan
Feb 15 9:15 AM Capacity Utilization Jan
Feb 15 10:00 AM NAHB Housing Market Index Feb
Feb 15 10:30 AM Crude Inventories 02/11
Feb 15 2:00 PM FOMC Minutes 1/25
Feb 16 8:30 AM Initial Claims 02/11
Feb 16 8:30 AM Continuing Claims 02/04
Feb 16 8:30 AM Housing Starts Jan
Feb 16 8:30 AM Building Permits Jan
Feb 16 8:30 AM PPI Jan
Feb 16 8:30 AM Core PPI Jan
Feb 16 10:00 AM Philadelphia Fed Feb
Feb 17 8:30 AM CPI Jan
Feb 17 8:30 AM Core CPI Jan
Feb 17 10:00 AM Leading Indicators Jan
Market outlook February 15, 2012
The world is bracing now for a recession in Europe and a slowdown in China. The EU economy contracted 0.3% last month. Market volume is decreasing at a rate of 10% per year under Obama policy concerns.
Market at 2008 level and still looks ready to plunge. Stock volume is incredibly thin making it easy to manipulate the market higher… until the funds pull the plug again.
The VIX may be starting to rise. A sharp computer sell-off could end the current rally any moment now and trigger huge stop-losses.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=2y&l=on&z=m&q=l&c=
Bulk shipments are beginning to rise and stock prices of bulk shippers soared even though they will continue to face high losses in the months ahead. Most of the rise however is from short sellers covering themselves. It will probably take a year for the industry to really recover because Asia and Europe have stagnant growth and Obama stagnation continues with growth driven entirely by inflation of less than 2.5% per year. The net Obama economic growth adjusted for inflation continues at a zero rate after the initial sharp decline. Trade had collapsed to the lowest world bulk trade level that existed since Obama started the Obama Great Depression in one of his 2007-2008 campaign speeches. In the past, a decline like this set off alarms around the financial world because it implies supply exceeds demand and something has to give.
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stock markets were up last night. China up 09%, Hong Kong up 2.1%, India up 2%, and Japan up 2.3%
European markets are up today in a range 0.5% to +1.4% half way through their day.
American market futures are up about 0.7% in after hour trading at 8 AM EST.
Tuesday, February 14, 2012
USA is currently rated as low as France and the U.K. due to Obama’s expensive vote buying with 50% now paying no Federal income taxes.
It is reported that 70% of Americans now take more from the tax system than they put into the system. The rioters on the streets of Greece are the children of the Greeks who robbed their welfare state and left their children a bankrupt nation.
The nation’s budget has more than doubled under Obama, pushing the annual deficit to more than $1 trillion and the national debt to $15.2 trillion. Obama’s budget today spends more than $3 trillion in the next fiscal year, and contains no accounting for where taxpayers’ money actually goes. “If the public can’t easily find and understand quality spending information, they can’t use that information to make their opinions heard by Congress,” said Sam Rosen-Amy, a federal fiscal policy analyst at the Washington-based nonprofit research group OMB Watch.
A compromise Obama offered last week that would force health insurers, and not religious-affiliated charities, to pay for contraceptives for employees of those institutions may have moved him off the defensive. The Catholic Institutions therefore would no longer have to pay directly for safe sex but would just pay a higher insurance rate. Eventually flavored scented oils will be added to the free services because Obama has determined that oral sex is safer for children under 18.
Florida has an 11.(% foreclosure rate with home prices down 49%, a 9.9% unemployment rate, and the nation’s highest mortgage delinquency rate at 17.4%.
The stock market has been having a government gridlock rally. Gridlock is much better for the economy than Obama. Wealth redistribution is Obama’s code word for vote buying. Obama/Greek style union/state worker government corruption is killing America.
World markets
Moody’s downgraded Spain to A3 from A1 yesterday, Italy to A3 from A2 and Portugal to Ba3 from Ba2, all with negative outlooks. Slovakia, Slovenia and Malta also had their ratings lowered. Moody’s said it might strip France and the U.K. of their top Aaa ratings, citing Europe’s debt crisis. The USA which has never defaulted in its existence is currently rated as low as France and the U.K. due to Obama’s expensive vote buying with 50% (Obama voters) now paying no Federal income taxes and 70% getting back more than they pay in. Emerging-market stocks fell.
Brazil’s retail sales rose more than analysts expected in December to almost the accelerating inflation rate.
The German ZEW Center for European Economic Research in Mannheim said its index of German investor and analyst expectations, which aims to predict economic developments six months in advance, rose to 5.4 from minus 21.6 in January. That’s the highest since April 2011 and the third straight increase. It was not as great an improvement as was predicted.
Olympus Corp, the Japanese camera maker that admitted a 13-year accounting fraud, predicted a $412 Million annual loss that was worse than analysts’ estimates as it wrote off equipment damaged by Thailand’s record floods.
Announced European workforce reductions surged to 94,369 through Feb. 10 from 26,561 this time last year. These losses are now running at the fastest pace since a 2009 peak, when the European and U.S. economies had the deepest slump since World War II. Now, based on economists’ estimates, Europe’s debt crises are said likely to spur a 0.5 percent contraction in the Euro- area economy in 2012.
European finance chiefs to review Greece’s latest attempt to close the budget gap and pull back from the brink of collapse after lawmakers in Athens approved more austerity measures demanded before they get a financial lifeline.
Norway faces a “severe” credit shock. “Soaring household debt and home prices are a good reason for concern,” Baltzersen said of the housing bubble forming. “Both the household debt-to- income ratio and the house price level have reached historic records and household debt is still growing faster than income.”
Asian markets (especially China) have failed 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 world wide “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
The combined value of Google and Microsoft, Apple’s two main phone platform rivals is now less than Apple’s market cap. Apple’s market capitalization topped $460 billion while Exxon’s value is just under $397 billion. Of course Steve Jobs only died last October so it may be a few more months before Apple runs out of great new products. By this time next year we predict the price of Apple stock will be less the $250 per share or half the current price.
Last week
Consumer Credit Dec $19.3B down from $20.4B Consumer demand declined, not good
MBA Mortgage Index 02/04 +7.5% up from -2.9% due to seasonal effects
Crude Inventories 02/04 0.304M down from 4.175M
Initial Claims 02/04 358K down slightly from 367K Not Bad
Continuing Claims 01/28 3515K up from 3437K Not good
Feb 9 10:00 AM Wholesale Inventories Dec 1.0% up sharply from 0.1% Decreasing is good. This is bad
Friday
Trade Balance Dec -$48.8B 2% worse at $47.8B got worse again
Mich Sentiment Feb 72.5 declined from 75.0 not good
Treasury Budget Jan -$27.down from -$49.8B not reliable
This Week
Feb 14 8:30 AM Retail Sales Jan
Feb 14 8:30 AM Retail Sales ex-auto Jan
Feb 14 8:30 AM Export Prices ex-ag. Jan
Feb 14 8:30 AM Import Prices ex-oil Jan
Feb 14 10:00 AM Business Inventories Dec
Feb 15 7:00 AM MBA Mortgage Index 02/11
Feb 15 8:30 AM Empire Manufacturing Feb
Feb 15 9:00 AM Net Long-Term TIC Flows Dec
Feb 15 9:15 AM Industrial Production Jan
Feb 15 9:15 AM Capacity Utilization Jan
Feb 15 10:00 AM NAHB Housing Market Index Feb
Feb 15 10:30 AM Crude Inventories 02/11
Feb 15 2:00 PM FOMC Minutes 1/25
Feb 16 8:30 AM Initial Claims 02/11
Feb 16 8:30 AM Continuing Claims 02/04
Feb 16 8:30 AM Housing Starts Jan
Feb 16 8:30 AM Building Permits Jan
Feb 16 8:30 AM PPI Jan
Feb 16 8:30 AM Core PPI Jan
Feb 16 10:00 AM Philadelphia Fed Feb
Feb 17 8:30 AM CPI Jan
Feb 17 8:30 AM Core CPI Jan
Feb 17 10:00 AM Leading Indicators Jan
Market outlook February 14, 2012
The world is bracing now for a recession in Europe and a slowdown in China.
Market at 2008 level and still looks ready to plunge. Stock volume is incredibly thin making it easy to manipulate the market higher… until the funds pull the plug again.
The VIX may be starting to rise. A sharp computer sell-off could end the current rally any moment now and trigger huge stop-losses.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=2y&l=on&z=m&q=l&c=
Bulk shipments are beginning to rise and stock prices of bulk shippers soared even though they are continuing to face high losses in the months ahead. Most of the rise however is from short sellers covering themselves. It will probably take a year for the industry to really recover because Asia and Europe have stagnant growth and Obama stagnation continues with growth driven entirely by inflation of less than 2.5% per year. Net USA economic growth under Obama continues at a zero inflation adjusted rate. Trade had collapsed to the lowest world bulk trade level that existed since Obama started the Obama Great Depression in one of his 2007-2008 campaign speeches. In the past, a decline like this set off alarms around the financial world because it implies supply exceeds demand and something has to give.
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stock markets were mixed last night. China down -03%, Hong Kong up 0.1%, India up 0.4%, Taiwan down –0.4%, and Japan up 0.6%
European markets are mixed today in a range -0.4% 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.
The nation’s budget has more than doubled under Obama, pushing the annual deficit to more than $1 trillion and the national debt to $15.2 trillion. Obama’s budget today spends more than $3 trillion in the next fiscal year, and contains no accounting for where taxpayers’ money actually goes. “If the public can’t easily find and understand quality spending information, they can’t use that information to make their opinions heard by Congress,” said Sam Rosen-Amy, a federal fiscal policy analyst at the Washington-based nonprofit research group OMB Watch.
A compromise Obama offered last week that would force health insurers, and not religious-affiliated charities, to pay for contraceptives for employees of those institutions may have moved him off the defensive. The Catholic Institutions therefore would no longer have to pay directly for safe sex but would just pay a higher insurance rate. Eventually flavored scented oils will be added to the free services because Obama has determined that oral sex is safer for children under 18.
Florida has an 11.(% foreclosure rate with home prices down 49%, a 9.9% unemployment rate, and the nation’s highest mortgage delinquency rate at 17.4%.
The stock market has been having a government gridlock rally. Gridlock is much better for the economy than Obama. Wealth redistribution is Obama’s code word for vote buying. Obama/Greek style union/state worker government corruption is killing America.
World markets
Moody’s downgraded Spain to A3 from A1 yesterday, Italy to A3 from A2 and Portugal to Ba3 from Ba2, all with negative outlooks. Slovakia, Slovenia and Malta also had their ratings lowered. Moody’s said it might strip France and the U.K. of their top Aaa ratings, citing Europe’s debt crisis. The USA which has never defaulted in its existence is currently rated as low as France and the U.K. due to Obama’s expensive vote buying with 50% (Obama voters) now paying no Federal income taxes and 70% getting back more than they pay in. Emerging-market stocks fell.
Brazil’s retail sales rose more than analysts expected in December to almost the accelerating inflation rate.
The German ZEW Center for European Economic Research in Mannheim said its index of German investor and analyst expectations, which aims to predict economic developments six months in advance, rose to 5.4 from minus 21.6 in January. That’s the highest since April 2011 and the third straight increase. It was not as great an improvement as was predicted.
Olympus Corp, the Japanese camera maker that admitted a 13-year accounting fraud, predicted a $412 Million annual loss that was worse than analysts’ estimates as it wrote off equipment damaged by Thailand’s record floods.
Announced European workforce reductions surged to 94,369 through Feb. 10 from 26,561 this time last year. These losses are now running at the fastest pace since a 2009 peak, when the European and U.S. economies had the deepest slump since World War II. Now, based on economists’ estimates, Europe’s debt crises are said likely to spur a 0.5 percent contraction in the Euro- area economy in 2012.
European finance chiefs to review Greece’s latest attempt to close the budget gap and pull back from the brink of collapse after lawmakers in Athens approved more austerity measures demanded before they get a financial lifeline.
Norway faces a “severe” credit shock. “Soaring household debt and home prices are a good reason for concern,” Baltzersen said of the housing bubble forming. “Both the household debt-to- income ratio and the house price level have reached historic records and household debt is still growing faster than income.”
Asian markets (especially China) have failed 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 world wide “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
The combined value of Google and Microsoft, Apple’s two main phone platform rivals is now less than Apple’s market cap. Apple’s market capitalization topped $460 billion while Exxon’s value is just under $397 billion. Of course Steve Jobs only died last October so it may be a few more months before Apple runs out of great new products. By this time next year we predict the price of Apple stock will be less the $250 per share or half the current price.
Last week
Consumer Credit Dec $19.3B down from $20.4B Consumer demand declined, not good
MBA Mortgage Index 02/04 +7.5% up from -2.9% due to seasonal effects
Crude Inventories 02/04 0.304M down from 4.175M
Initial Claims 02/04 358K down slightly from 367K Not Bad
Continuing Claims 01/28 3515K up from 3437K Not good
Feb 9 10:00 AM Wholesale Inventories Dec 1.0% up sharply from 0.1% Decreasing is good. This is bad
Friday
Trade Balance Dec -$48.8B 2% worse at $47.8B got worse again
Mich Sentiment Feb 72.5 declined from 75.0 not good
Treasury Budget Jan -$27.down from -$49.8B not reliable
This Week
Feb 14 8:30 AM Retail Sales Jan
Feb 14 8:30 AM Retail Sales ex-auto Jan
Feb 14 8:30 AM Export Prices ex-ag. Jan
Feb 14 8:30 AM Import Prices ex-oil Jan
Feb 14 10:00 AM Business Inventories Dec
Feb 15 7:00 AM MBA Mortgage Index 02/11
Feb 15 8:30 AM Empire Manufacturing Feb
Feb 15 9:00 AM Net Long-Term TIC Flows Dec
Feb 15 9:15 AM Industrial Production Jan
Feb 15 9:15 AM Capacity Utilization Jan
Feb 15 10:00 AM NAHB Housing Market Index Feb
Feb 15 10:30 AM Crude Inventories 02/11
Feb 15 2:00 PM FOMC Minutes 1/25
Feb 16 8:30 AM Initial Claims 02/11
Feb 16 8:30 AM Continuing Claims 02/04
Feb 16 8:30 AM Housing Starts Jan
Feb 16 8:30 AM Building Permits Jan
Feb 16 8:30 AM PPI Jan
Feb 16 8:30 AM Core PPI Jan
Feb 16 10:00 AM Philadelphia Fed Feb
Feb 17 8:30 AM CPI Jan
Feb 17 8:30 AM Core CPI Jan
Feb 17 10:00 AM Leading Indicators Jan
Market outlook February 14, 2012
The world is bracing now for a recession in Europe and a slowdown in China.
Market at 2008 level and still looks ready to plunge. Stock volume is incredibly thin making it easy to manipulate the market higher… until the funds pull the plug again.
The VIX may be starting to rise. A sharp computer sell-off could end the current rally any moment now and trigger huge stop-losses.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=2y&l=on&z=m&q=l&c=
Bulk shipments are beginning to rise and stock prices of bulk shippers soared even though they are continuing to face high losses in the months ahead. Most of the rise however is from short sellers covering themselves. It will probably take a year for the industry to really recover because Asia and Europe have stagnant growth and Obama stagnation continues with growth driven entirely by inflation of less than 2.5% per year. Net USA economic growth under Obama continues at a zero inflation adjusted rate. Trade had collapsed to the lowest world bulk trade level that existed since Obama started the Obama Great Depression in one of his 2007-2008 campaign speeches. In the past, a decline like this set off alarms around the financial world because it implies supply exceeds demand and something has to give.
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stock markets were mixed last night. China down -03%, Hong Kong up 0.1%, India up 0.4%, Taiwan down –0.4%, and Japan up 0.6%
European markets are mixed today in a range -0.4% 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.
Monday, February 13, 2012
The nation’s budget has more than doubled under Obama, pushing the annual deficit to more than $1 trillion and the national debt to $15.2 trillion
The nation’s budget has more than doubled under Obama, pushing the annual deficit to more than $1 trillion and the national debt to $15.2 trillion. Obama’s budget today spends more than $3 trillion in the next fiscal year, and contains no accounting for where taxpayers’ money actually goes. “If the public can’t easily find and understand spending information, they can’t use that information to make their opinions heard by Congress,” said Sam Rosen-Amy, a federal fiscal policy analyst at the Washington-based nonprofit research group OMB Watch
Florida has an 11.9% foreclosure rate with home prices down 49%, a 9.9% unemployment rate, and the nation’s highest mortgage delinquency rate at 17.4%.
The stock market has been having a government gridlock rally. Gridlock is much better for the economy than Obama. Wealth redistribution is Obama’s code word for vote buying. Obama/Greek style union/state worker government corruption is killing America.
World markets
Olympus Corp, the Japanese camera maker that admitted a 13-year accounting fraud, predicted a $412 Million annual loss that was worse than analysts’ estimates as it wrote off equipment damaged by Thailand’s record floods.
Announced European workforce reductions surged to 94,369 through Feb. 10 from 26,561 this time last year. These losses are now running at the fastest pace since a 2009 peak, when the European and U.S. economies had the deepest slump since World War II. Now, based on economists’ estimates, Europe’s debt crises are said likely to spur a 0.5 percent contraction in the Euro- area economy in 2012.
European finance chiefs to review Greece’s latest attempt to close the budget gap and pull back from the brink of collapse after lawmakers in Athens approved more austerity measures demanded before they get a financial lifeline.
Norway faces a “severe” credit shock. “Soaring household debt and home prices are a good reason for concern,” Baltzersen said of the housing bubble forming. “Both the household debt-to- income ratio and the house price level have reached historic records and household debt is still growing faster than income.”
Asian markets (especially China) have failed 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 world wide “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
Last week
Consumer Credit Dec $19.3B down from $20.4B Consumer demand declined, not good
MBA Mortgage Index 02/04 +7.5% up from -2.9% due to seasonal effects
Crude Inventories 02/04 0.304M down from 4.175M
Initial Claims 02/04 358K down slightly from 367K Not Bad
Continuing Claims 01/28 3515K up from 3437K Not good
Feb 9 10:00 AM Wholesale Inventories Dec 1.0% up sharply from 0.1% Decreasing is good. This is bad
Friday
Trade Balance Dec -$48.8B 2% worse at $47.8B got worse again
Mich Sentiment Feb 72.5 declined from 75.0 not good
Treasury Budget Jan -$27.down from -$49.8B not reliable
This Week
Feb 14 8:30 AM Retail Sales Jan
Feb 14 8:30 AM Retail Sales ex-auto Jan
Feb 14 8:30 AM Export Prices ex-ag. Jan
Feb 14 8:30 AM Import Prices ex-oil Jan
Feb 14 10:00 AM Business Inventories Dec
Feb 15 7:00 AM MBA Mortgage Index 02/11
Feb 15 8:30 AM Empire Manufacturing Feb
Feb 15 9:00 AM Net Long-Term TIC Flows Dec
Feb 15 9:15 AM Industrial Production Jan
Feb 15 9:15 AM Capacity Utilization Jan
Feb 15 10:00 AM NAHB Housing Market Index Feb
Feb 15 10:30 AM Crude Inventories 02/11
Feb 15 2:00 PM FOMC Minutes 1/25
Feb 16 8:30 AM Initial Claims 02/11
Feb 16 8:30 AM Continuing Claims 02/04
Feb 16 8:30 AM Housing Starts Jan
Feb 16 8:30 AM Building Permits Jan
Feb 16 8:30 AM PPI Jan
Feb 16 8:30 AM Core PPI Jan
Feb 16 10:00 AM Philadelphia Fed Feb
Feb 17 8:30 AM CPI Jan
Feb 17 8:30 AM Core CPI Jan
Feb 17 10:00 AM Leading Indicators Jan
Market outlook February 13, 2012
The world is bracing now for a recession in Europe and a slowdown in China. Great Britain's austerity is paying off and their econ
Market at 2008 level and still looks ready to plunge. Stock volume is incredibly thin making it easy to manipulate the market higher… until the funds pull the plug again.
The VIX may be starting to rise. A sharp computer sell-off could end the current rally any moment now and trigger huge stop-losses.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=2y&l=on&z=m&q=l&c=
Bulk shipments are beginning to rise. It had collapsed to the lowest world bulk trade level that existed since Obama started the Obama Great Depression in one of his 2007-2008 campaign speeches. In the past, a decline like this set off alarms around the financial world because it implies supply exceeds demand and something has to give.
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stock markets were up last night. China 0%, Hong Kong up 0.5%, India up 0.1%, and Japan up 0.6%
European markets are up today in a range -0.1% to +1.2% half way through their day. With Greece up 1.8%
American market futures are up about 0.6% in after hour trading at 7:00 AM EST.
Florida has an 11.9% foreclosure rate with home prices down 49%, a 9.9% unemployment rate, and the nation’s highest mortgage delinquency rate at 17.4%.
The stock market has been having a government gridlock rally. Gridlock is much better for the economy than Obama. Wealth redistribution is Obama’s code word for vote buying. Obama/Greek style union/state worker government corruption is killing America.
World markets
Olympus Corp, the Japanese camera maker that admitted a 13-year accounting fraud, predicted a $412 Million annual loss that was worse than analysts’ estimates as it wrote off equipment damaged by Thailand’s record floods.
Announced European workforce reductions surged to 94,369 through Feb. 10 from 26,561 this time last year. These losses are now running at the fastest pace since a 2009 peak, when the European and U.S. economies had the deepest slump since World War II. Now, based on economists’ estimates, Europe’s debt crises are said likely to spur a 0.5 percent contraction in the Euro- area economy in 2012.
European finance chiefs to review Greece’s latest attempt to close the budget gap and pull back from the brink of collapse after lawmakers in Athens approved more austerity measures demanded before they get a financial lifeline.
Norway faces a “severe” credit shock. “Soaring household debt and home prices are a good reason for concern,” Baltzersen said of the housing bubble forming. “Both the household debt-to- income ratio and the house price level have reached historic records and household debt is still growing faster than income.”
Asian markets (especially China) have failed 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 world wide “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
Last week
Consumer Credit Dec $19.3B down from $20.4B Consumer demand declined, not good
MBA Mortgage Index 02/04 +7.5% up from -2.9% due to seasonal effects
Crude Inventories 02/04 0.304M down from 4.175M
Initial Claims 02/04 358K down slightly from 367K Not Bad
Continuing Claims 01/28 3515K up from 3437K Not good
Feb 9 10:00 AM Wholesale Inventories Dec 1.0% up sharply from 0.1% Decreasing is good. This is bad
Friday
Trade Balance Dec -$48.8B 2% worse at $47.8B got worse again
Mich Sentiment Feb 72.5 declined from 75.0 not good
Treasury Budget Jan -$27.down from -$49.8B not reliable
This Week
Feb 14 8:30 AM Retail Sales Jan
Feb 14 8:30 AM Retail Sales ex-auto Jan
Feb 14 8:30 AM Export Prices ex-ag. Jan
Feb 14 8:30 AM Import Prices ex-oil Jan
Feb 14 10:00 AM Business Inventories Dec
Feb 15 7:00 AM MBA Mortgage Index 02/11
Feb 15 8:30 AM Empire Manufacturing Feb
Feb 15 9:00 AM Net Long-Term TIC Flows Dec
Feb 15 9:15 AM Industrial Production Jan
Feb 15 9:15 AM Capacity Utilization Jan
Feb 15 10:00 AM NAHB Housing Market Index Feb
Feb 15 10:30 AM Crude Inventories 02/11
Feb 15 2:00 PM FOMC Minutes 1/25
Feb 16 8:30 AM Initial Claims 02/11
Feb 16 8:30 AM Continuing Claims 02/04
Feb 16 8:30 AM Housing Starts Jan
Feb 16 8:30 AM Building Permits Jan
Feb 16 8:30 AM PPI Jan
Feb 16 8:30 AM Core PPI Jan
Feb 16 10:00 AM Philadelphia Fed Feb
Feb 17 8:30 AM CPI Jan
Feb 17 8:30 AM Core CPI Jan
Feb 17 10:00 AM Leading Indicators Jan
Market outlook February 13, 2012
The world is bracing now for a recession in Europe and a slowdown in China. Great Britain's austerity is paying off and their econ
Market at 2008 level and still looks ready to plunge. Stock volume is incredibly thin making it easy to manipulate the market higher… until the funds pull the plug again.
The VIX may be starting to rise. A sharp computer sell-off could end the current rally any moment now and trigger huge stop-losses.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=2y&l=on&z=m&q=l&c=
Bulk shipments are beginning to rise. It had collapsed to the lowest world bulk trade level that existed since Obama started the Obama Great Depression in one of his 2007-2008 campaign speeches. In the past, a decline like this set off alarms around the financial world because it implies supply exceeds demand and something has to give.
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stock markets were up last night. China 0%, Hong Kong up 0.5%, India up 0.1%, and Japan up 0.6%
European markets are up today in a range -0.1% to +1.2% half way through their day. With Greece up 1.8%
American market futures are up about 0.6% in after hour trading at 7:00 AM EST.
Subscribe to:
Posts (Atom)