Federal Reserve Chairman Ben S. Bernanke warned that a U.S. economic recovery is non-existent and not even assured while Obama is president.

The chief democrat restructuring officer of Solyndra, the solar-panel maker that stole $535 million U.S. Department of Energy loan guarantee, said in a report that they conveyed accurate information about its non-existing business case to the Obama administration and paid off everyone required before they looted the company. They would do it again if given the chance.

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

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
European and emerging markets show they have slumped longer-term if you look at five years of the “Obama cried wolf depression.” When Senator Obama declared America was in a depression so that he could get elected, and Senator Dodd announced an imminent run on American banks they set in motion a decline that then triggered the collapse of the Dodd-Obama liar loan housing scheme. That triggered the world decline due to the “Goldman Sucks” “derivative Muppet” schemes.

The world’s highest youth jobless rate left the Middle East vulnerable to uprisings when Obama deserted and ousted Egypt’s Hosni Mubarak and two other pro-Western leaders in the past year. It has got worse since then. About 1 million Egyptians lost their jobs in 2011 as the economy shrank for the first time in decades and the radical “Brotherhood” of killers is attempting to take military control.

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.

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. Choose 5 years
http://finance.yahoo.com/echarts?s=%5EGDAXI+Interactive#chart1:symbol=^gdaxi;range=5y;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined

The Swiss markets seem to be in decline now. Choose 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 a head and shoulder sell signal is almost here. Choose 5 years
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.

Week to date
Pending Home Sales Feb -0.5% collapse from 2.0%
Yesterday
Case-Shiller 20-city Index Jan -3.8% -down again from -4.0%
Consumer Confidence Mar 70.2 down again from 70.8

This Week
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 28, 2012

Federal Reserve Chairman Ben S. Bernanke warned that a U.S. economic recovery is non-existent and not even assured. This market is running on borrowed time.
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 sharply lower last night. China down –2.7%, Hong Kong down –0.8%, India down –0.8%, and Japan down –0.7%.

European markets are down today in a range –0.1% to -0.7% half way through their day.

American market futures are flat about 0.2% in after hour trading at 7 AM EST. No correlation to with daily trading.