Wednesday, February 8, 2012

Obama has a goal of $1 Billion so he has decided to welcome corporation PACs that he has been demonizing for three years. Obama supporters are disgus

Obama has a goal of $1 Billion so he has decided to welcome corporation PACs that he has been demonizing for three years. Obama supporters are disgusting. Google Santorum and near the top of the list you will find:
http://spreadingsantorum.com/

The stock market is having a government gridlock rally. Gridlock is better for the economy than Obama.

Socialists like Obama know how to stabilize by flat lining the pulse of the economy. No pulse no chance of instability!

Despite Obama’s claims of ending the Great Depression that he introduced during his campaign, the closely watched Baltic Dry Index continues in free fall. The leading economic indicator has wiped out more than 60% of its value since we told you a month ago.

The Federal Reserve stated just last week in its FOMC statement, that it thinks the outlook for the economy is so negative it intends to keep the Fed Funds Rate at near zero “at least through late 2014”, rather than its previous target of mid-2013? Yet the president tells us things are getting better and unemployment is dropping. Who do we believe? Obviously not the president because the unemployed are still unemployed but now many get no benefits and have to join the Underground economy. In Greece it is estimated that 80% of the private economy is now underground. In southern Italy it is estimated to be close to 50%. In socialist countries that do not torture you or throw you in the Gulag

“America needs a president who can fix the economy because he understands the economy, and I do, and I will,” Romney said.

World markets
German exports slumped 4.3 percent from November, four times more than economists forecast in December as the sovereign debt crisis damped growth across the euro region.

Federal Reserve chief Ben Bernanke said the central bank would do everything it can to prevent socialist Europe's financial crisis from damaging the U.S. economy. He is holding to his pledge to keep borrowing costs close to zero at least through late 2014 even after Obama’s unemployment reports miraculously fell to a three-year low despite more Americans unemployed than during the Great Depression.

Sharp, Japan’s largest maker of LCD panels, forecast its worst annual loss since its founding a century ago, with its president saying exporting is “nearly impossible” with the current demand.

Germany’s largest bank, Deutsche Bank AG, said fourth-quarter profit fell 76 percent as Europe’s debt crisis cut trading and the company wrote down losses.

The USA and the EU stock markets posted their highest gains in over 15 years while the highest proportion of EU companies on record are missing profit estimates. “I am not optimistic about Hong Kong’s export performance in the first half of this year,” said John Tsang. China’s market continues to slump.

Singapore Airlines’ profit tumbled 53% on rising competition and costs.

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
New York sued Bank of America, JPMorgan and Wells Fargo in state court in Brooklyn as liberals continue to redistribute wealth to their election campaign coffers. In election years the liberals sue companies that do not give their candidates enough campaign payola. Obama told business he wants $1 billion for his re-election campaign and so far American business has coughed up less than $300,000,000. So now Obama wants Pac support too.

The Obama community activists consider adopting Japan’s socialist plan to allow negative interest rates at government debt auctions. Bernanke plans to start weaning USA Banks off borrowing Fed Funds at zero or negative interest rates. This would cut bank revenues by 30% to 40%.

Yesterday
Consumer Credit Dec $19.3B down from $20.4B Consumer demand declined, not good

This week
Feb 8 7:00 AM MBA Mortgage Index 02/04
Feb 8 10:30 AM Crude Inventories 02/04 -
Feb 9 8:30 AM Initial Claims 02/04
Feb 9 8:30 AM Continuing Claims 01/28
Feb 9 10:00 AM Wholesale Inventories Dec
Feb 10 8:30 AM Trade Balance Dec
Feb 10 9:55 AM Mich Sentiment Feb
Feb 10 2:00 PM Treasury Budget Jan

Market outlook February 8, 2012

Market at 2008 level and 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 indicates extreme complacency now. A sharp computer sell-off could end the current rally any time now and trigger stop-losses with huge losses.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=2y&l=on&z=m&q=l&c=

Bulk shipments are now lower than any time since Obama took office, even lower the Obama lows of 2008. It 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 to defeat his opponent. It is now less than 5% of the international trade that existed just before Obama was elected. 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 2.4%, Hong Kong up 1.5%, India up 0.5%, and Japan up 1.1%

European markets are up today in a range -0.1% to +1% half way through their day. Greece is an outlier today, up the moment.

American market futures are flat about +0.2% in after hour trading at 7:30 AM EST.

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