Wealth redistribution is Obama’s code word for vote buying. Obama/Greek style union/state worker government corruption is killing America.

Wealth redistribution is Obama’s code word for vote buying. Obama/Greek style union/state worker government corruption is killing America.

Nadya Suleman is an American Moslem welfare mother of two children when she had free California fertility treatment and gave birth to octuplets in January 2009. All are going well on welfare of $150,000+ per year in a beautiful house working Americans paid for. Then there is the
http://en.wikipedia.org/wiki/Nadya_Suleman
http://www.ivillage.com/octomom-nadya-suleman-broke-and-welfare/1-a-278886
http://www.youtube.com/watch?v=LdU2THsUtkw&feature=related
http://blogs.ocweekly.com/navelgazing/2010/12/octomom_and_her_herd_soon_to_b.php
http://blogs.ocweekly.com/navelgazing/2011/07/octomom_nadya_suleman_void_psy.php


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

Obama campaign collection are far below targets so this week Obama announced he will gladly accept funds from evil bank PACs and yesterday the SEC announced they plan to warn several major banks that they intend to sue them over mortgage-related actions linked to the financial crisis. Under Obama’s socialism you are innocent until investigated. The move would mark a stepped-up effort to stimulate campaign contributions. The IRS said it would also step up audits of people who work for a living and should contribute more than the 100% they already pay for the 48% who pay nothing.
http://www.houstonbeats.com/board/showthread.php?p=1719570

http://online.wsj.com/article/SB10001424052970203315804577211470167644182.html

http://www.reuters.com/article/2012/02/09/banks-mortgagesuits-idUSL4E8D90NJ20120209




Low volatility allows investors to buy cheap puts to protect their purchases at higher prices. If prices plummet the value of their stock drops but the value of the puts counter the stock losses. On the other hand the volume dries up and that drops the volatility further, and seems to calm the market and draw more novices into the market. Ultimately the computers come into play and compute the imbalance and know the precise time of day to pop the bubble. The computes know just where everyone has their stop losses so it sells enough to pop all the bubbles. That is why some brokers such as Fidelity restrict investors from putting in buy orders out of the market range. They know the small investors will gum up their computer and the small investors can make a profit buying in on a 50% down spike. Also many brokers like to hide the fact that small investors can easily buy all-or-none and not have to buy in two or three small blocks and pay two or three times as much on commissions. Fidelity tries to screw the little investor the most of all we have tried but you have to watch all of them. Never use stop losses and always buy and sell all-or none to avoid being manipulated. Put buy and sell orders in well out of the market. It is better to make 10% a week than 10% a year.

World markets
China’s exports declined more than 10% in December and January due to the worldwide slowdown in trade in the second half of last year that caused the Baltic Dry Index to plummet. Commerce Minister Chen Deming pledged to maintain “stability” in the yuan’s exchange rate. Exports in January “cannot make us optimistic” and are “expected to have negative growth due to Chinese New Year and other factors. Inflation accelerated to 4.5% in January for the first time in six months, and pushed up by holiday spending. That means 4.5% of their recent 8% growth is caused by inflation.

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. It plummeted further in December and January. In Germany they have a skilled labor force that is now on furlough one or two days of week and staying at home these cold winter days. The factories close and save on the cost of heating the buildings and they can snap up to high production without having to hire the untrained unemployed that the USA has to deal with. That keeps German costs low during slow downs and makes the workers loyal unlike in most of socialist Europe where there is Obama type political vote buying and 48% of Americans contributing nothing to pay for the socialism. Obama/Greek style union/state worker government corruption killing America.

Indonesia’s central bank cut its benchmark interest rate for the first time in three months to slow the collapse in deteriorating trade and a declining global economy. In India there is a growing shortage of cash and people have become net sellers of gold jewelry. Interest rates are falling but just like in the USA, people cannot get loans or refinance. That has complicated the USA mortgage bankruptcy situation. Bankers in the USA are beginning to hunker down and can no longer comply with continued Obama administration attacks to raise Obama’s election campaign funds. Obama has destroyed the American economy with his corruption and the siphoning off of hundreds of $billions to support his largely dysfunctional and unemployable voting block. People are beginning to realize that the “Occupy Wall Street” was intended to scare Wall Street in an election year to “buy Obama protection” from the liberal leftist maniacs. But all the “Occupy Wall Street” people are the dysfunctional youth who are getting money to attend college for free and will be dropping out and getting high as soon as the corrupt “Obama voter stimulation” ends.
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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 try 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%. That will extend the Obama depression for 20 years of corruption to “redistribute” from American workers to the dysfunctional Obama voting block who have children because Obama gives welfare mothers $1600 per month per child raised in a dysfunctional welfare family. They also get free fertility treatments. Nadya Denise Doud-Suleman known as Octomom in the media, is an American Moslem welfare mother of two children on California welfare who came to international attention when she had free California fertility treatment and gave birth to octuplets in January 2009.
http://en.wikipedia.org/wiki/Nadya_Suleman

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

Yesterday
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

This week
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 9, 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 at the bottom 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 flat last night. China up 0.1%, Hong Kong down 0.1%, India up 0.7%, and Japan down 0.2%

European markets are up today in a range -0.4% to +1.4% half way through their day.

American market futures are flat about +0.2% in after hour trading at 8:30 AM EST.