The American market rose yesterday on the hope that Obamacare will be declared unconstitutional.

Obama apparently does not know that Europe pays over $10 per gallon. That is where Obama is taking America.

Three judges charged socialist Dominique Strauss-Kahn with “aggravated organized procurement of prostitutes,” while he was the head of the IMF. French builder Eiffage filed a complaint for embezzlement after an internal probe found an employee spent as much as $66,790 to pay for prostitutes for Strauss-Kahn the socialist accused of raping the hotel maid in NYC.

Obama liar home loans, Obama corruption in the energy sector, Obama election fraud with no voter IDs, and well meaning but foolish fears that economic progress is destroying the global environment…. drag the world down.

See how corrupt Obama socialists are stealing our freedom!! See how easy it is for Obama activist organizations like ACORN to load the ballot boxes for their lunatic left candidates. This is why voter I.D. is sorely needed. See how Obama and Al Franken get their votes the same way that Putin does it in Russia.
http://www.youtube.com/watch_popup?v=GqMVxeZhflI&feature=player_embedded!

Dilution of the Facebook IPO with thin slices going from insiders to novices will rapidly deflate the IPO business, as the RIP-OFF becomes more apparent. They are unloading the Facebook stock to the ill-informed second and third tiers of buyers from the privileged first insider distributors. By reducing supply they manipulate the price higher deceiving and defrauding the public by the manipulation of supply until the remaining 99% are dumped on the market.

World market
AIJ Investment Advisors Co. President Kazuhiko Asakawa admitted he ordered the falsification of fund performance reports hoping he could recoup losses that may exceed $1 billion.

BYD Co., the carmaker partly owned by Warren Buffett, slumped 4.8 percent in Hong Kong trading after saying first-quarter profit may fall 95 percent. Agricultural Bank of China Ltd. led mainland lenders lower.
Asian stocks fell amid concern exporter earnings are deteriorating and that Chinese banks have understated the risks of loans to local governments.

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 are still lower than last year’s high 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 are still lower than last year’s high and 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
Obama shovel ready economic data manipulation comes with the latest job pitch. Obama economic progress is a very simple manipulation of data. If Obama was not corrupt he would report consistently from month to month not report fictitious good news but then quietly lower it so he can fraudulently report good news every month.

Yesterday
Mar 26 10:00 AM Pending Home Sales Feb -0.5% collapse from 2.0%

This Week
Mar 27 9:00 AM Case-Shiller 20-city Index Jan
Mar 27 10:00 AM Consumer Confidence Mar
Mar 28 7:00 AM MBA Mortgage Index 03/24
Mar 28 8:30 AM Durable Orders Feb
Mar 28 8:30 AM Durable Orders -ex Transportation Feb
Mar 28 10:30 AM Crude Inventories 03/24
Mar 29 8:30 AM Initial Claims 03/24 - 350K 350K 348K -
Mar 29 8:30 AM Continuing Claims 03/17
Mar 29 8:30 AM GDP - Third Estimate Q4
Mar 29 8:30 AM GDP Deflator - Third Estimate Q4
Mar 30 8:30 AM Personal Income Feb
Mar 30 8:30 AM Personal Spending Feb
Mar 30 8:30 AM PCE Prices - Core Feb
Mar 30 9:45 AM Chicago PMI Mar
Mar 30 9:55 AM Michigan Sentiment - Final Mar

Market outlook March 27, 2012

Yesterday the market went up on claims housing was taking off. But “Pending Home Sales” collapsed from up 2% in January to -0.5% in Feb. This market is running on borrowed time. The Market rose yesterday on the hope that Obamacare will be declared unconstitutional.

The DOW rails still do not confirm the recent DOW industrial’s rise. No rail confirmation means there is no DOW buy signal. In fact it is looking like a head and shoulder sell signal forming. http://finance.yahoo.com/echarts?s=%5EDJT+Interactive#chart1:symbol=^djt;range=2y;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined

The VIX shows record 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=

Baltic Dry Index is still indicating the worldwide recession is entrenched.
http://www.bloomberg.com/quote/BDIY:IND/chart

Stock market update:
Asian Stock markets were up last night. China down –0.2%, Hong Kong up 1.8%, India up 1.2%, and Japan up 2.3%.

European markets are up today in a range –0.3% to 0.7% half way through their day.

American market futures are flat about 0.1% in after hour trading at 7:15 AM EST.