Monday, April 30, 2012
The real growth rate in the USA decline in the last quarter from 2.1% to just 0.7% clearly another Obama no-brainer. The USA cannot rescue the world until Obama socialism is no longer a threat to the world.
The US Gross Domestic Product declined 66% in real Gross Domestic Product from a 2.1% to a 0.7% annual net growth rate in the latest three months.
Last quarter the GDP improved 3% but inflation was 0.9% so that the real growth was only 2.1%.
In the latest quarter GDP improved 2.2% but inflation was 1.5% so that the real growth was only 0.7%.
That is a 66% decline in real GDP from 2.1% to 0.7% net growth.
Treasuries are headed for their biggest monthly gain since September as slowing U.S. economic growth and concern Europe’s debt crisis is worsening increased demand for the relative safety of U.S. debt.
Al Armendariz, the Dallas-based head of EPA’s Region 6, apologized for saying the agency tried to make an early example of shale gas producers, the same way Romans crucified residents to conquer and enslave. He talked about his “philosophy of enforcement” as follows:
“It was kind of like how the Romans used to conquer little villages in the Mediterranean,” Armendariz said on the video. “They’d go into a little Turkish town somewhere, they’d find the first five guys they saw and they would crucify them. And then you know that town was really easy to manage for the next few years.”
The videotaped remarks from a 2010 meeting in Dish, Texas, led Senator James Inhofe, of Oklahoma to say the comment showed President Barack Obama intended to shut down U.S. gas energy exploration. Tension between Obama and U.S. energy producers has grown in the past year, as he stopped the pipeline from Canada to the U.S. Gulf Coast and pushed to end exploration tax incentives for the industry.
http://dailycaller.com/2012/04/27/youtube-pulls-armendariz-crucify-them-video/
Obama comes up with one no-brainer after another. Wouldn’t it be wonderful if he could come up with just one brainer every four years? The Piggy Buffet minimum tax was a no-brainer. The Dodd Frank combination economic stranglehold and bank straight jacket was another great Obama administration no-brainer.
Apple’s stock price will likely crumble over the next two quarters. Apple had its best quarter last year and this latest great quarter is hype because it comes from analysts not comparing this “product introductory quarter” with the introduction quarter last year. If they did a valid comparison they would see Apple profits peaked last year and their latest product is not doing as well as last year’s new product. The only quarters when apple does well are the ones when a new product is introduced. There is nothing planned the next two quarters. China is also challenging Apple for the use of the name iPad. It seems Apple got the right to use the name from a Taiwan subsidiary and not from the mainland China headquarters. If Apple gave a dividend equal to its total pot of cash it would only be $30/share or 4% and it would all be gone. At current prices any Apple dividend would be too small to matter. Apple has lost its creator for the final time and each time that has happened Apple has plunged 80% or more starting as soon as investors saw the paltry progress they made without Steve Jobs. Steve Jobs can never rescue Apple again!
Samsung just overtook Apple as No. 1 Smartphone Maker in the 1st Quarter
http://business.blogs.cnn.com/2012/04/27/samsung-overtakes-apple-nokia-in-phone-sales/?hpt=hp_mid
Obama claims America failed. Some times he blames his Obama depression on Bush and sometimes he blames it on free enterprise. Obama, is a poor person when it comes to his thinking. He cannot take responsibility for his stupidity. It is always someone else’s fault.
The latest Rasmussen Poll says that a conservative third party candidate would no longer help re-elect Obama. The Rasmussen Reports daily Presidential Tracking Poll for Sunday shows Mitt Romney earning 48% of the vote while President Obama picks up support from 46%. Three percent (3%) would vote for the Conservative party candidate, while another three percent (3%) are undecided.
http://www.rasmussenreports.com/public_content/politics/obama_administration/daily_presidential_tracking_poll
Something is wrong with Average Salary of a teacher ................ $40,065
Average Salary of Soldier DEPLOYED IN AFGHANISTAN … $38,000
World market this week
Spain’s GDP contracted -0.3% even ignoring the contraction hidden by inflation. Fear is that Italy will soon join Spain in the crisis of European Socialism.
The real growth rate in the USA decline in the last quarter from 2.1% to just 0.7% clearly another Obama no-brainer. The USA cannot rescue the world until Obama socialism is no longer a threat to the world.
Standard & Poor’s cut Spain’s sovereign debt rating two levels to BBB+ last week from A. Italy’s short term borrowing costs jumped 58% (1.772, up from 1.119 percent interest) at the sale of 8.5 billion euros ($11.3 billion) of six-month bills as renewed concern about the spread of the region’s debt crisis forced the Treasury to offer higher rates to attract investors.
China has been declining for more than a year now. Chinese inflation data disappointed, with March consumer price index rising 3.6%. If the economic output grew 8% and inflation grew 3.6% that means real growth in China has declined to 4.4%.
http://finance.yahoo.com/echarts?s=000001.SS+Interactive#symbol=000001.ss;range=my;compare=;indicator=ema(100,200)+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.
http://finance.yahoo.com/echarts?s=%5EMERV+Interactive#symbol=^merv;range=2y;compare=;indicator=ema(100,200)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined;
American Economy
Microsoft Corp. said it would invest $300 million in a new subsidiary of Barnes & Noble Inc. that combines the bookseller’s Nook digital reader and college businesses.
Last week
GDP-Adv. Q1 2.2% down 0.8%% from 3.0% last quarter
Inflation Q1 1.5% up 0.6% from 0.9% last quarter
Inflation adjusted real growth was only 0.7% down from 2.1% real growth the previous quarter.
Last quarter the GDP improved 3% but inflation was 0.9% so that the real growth was only 2.1%.
In the latest quarter GDP improved 2.2% but inflation was 1.5% so that the real growth was only 0.7%.
That is a 66% decline in real GDP from 2.1% to 0.7% net growth.
Today
Apr 30 8:30 AM Personal Income Mar
Apr 30 8:30 AM Personal Spending Mar
Apr 30 8:30 AM PCE Prices - Core Mar
Apr 30 9:45 AM Chicago PMI Apr
This Week
May 1 10:00 AM ISM Index Apr
May 1 10:00 AM Construction Spending Mar
May 1 2:00 PM Auto Sales Apr
May 1 2:00 PM Truck Sales Apr
May 2 7:00 AM MBA Mortgage Index 04/28
May 2 8:15 AM ADP Employment Change Apr
May 2 10:00 AM Factory Orders Mar - -2.5%
May 2 10:30 AM Crude Inventories 04/28
May 3 7:30 AM Challenger Job Cuts Apr
May 3 8:30 AM Initial Claims 04/28
May 3 8:30 AM Continuing Claims 04/21
May 3 8:30 AM Productivity-Prel Q1
May 3 8:30 AM Unit Labor Costs Q1
May 3 10:00 AM ISM Services Apr-
May 4 8:30 AM Nonfarm Payrolls Apr
May 4 8:30 AM Nonfarm Private Payrolls Apr
May 4 8:30 AM Unemployment Rate Apr
May 4 8:30 AM Hourly Earnings Apr
May 4 8:30 AM Average Workweek Apr
Market outlook April 30, 2012
Cramer said he is afraid that this week investors will sell in May and stay away all summer.
Crazy Cramer talks about the tremendous rise in the stock market this year. That sounds like another Obama no-brainer. If the broad market is doing so well why are we still a few percent below the high of a year ago and a lot below 2007? Why is the broad market still lower today than in 2000?
Cramer also thinks Apple is a buy after just rising 30% while earnings peaked last year. If it is such a good buy, how come Apple had a higher quarter last year when the price was 30% lower. Cramer is having another Obama type no-brainer.
No DOW confirmation still means there is no DOW buy signal since the collapse in August of 2011. It is looking like a head and shoulder sell signal forming in the Rails. We are a few days away from a complete breakdown of the market.
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
On a quarterly cycle basis (look at 6 months), the New York Stock exchange second neckline was confirmed being broken on the down side. On an annual cycle basis (look at 2009 to today) it appears the head and shoulders is already in place and the market is about to break down for that mini cycle. On an economic business cycle basis (up to 20 + years) it shows the economy peaked in early 2000 and began to decline during the Clinton administration. http://finance.yahoo.com/echarts?s=%5ENYA+Interactive#symbol=^nya;range=2y;compare=;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;
The VIX is loosing its predictive power as market manipulators learn how to manipulate it lower. 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 languishing
http://www.bloomberg.com/quote/BDIY:IND/chart
Stock market update:
Japanese and Mainland Chinese markets were closed for a public holiday Monday,
European markets European stock markets were wobbling today in a range of 0.7% to –0.7% half way through their day.
American market futures are down about -0.1% in after hour trading at 7:30 AM EST.
Friday, April 27, 2012
The U.S. Supreme Court has all the justices questioning Obama’s ignorant assertions of federal power on both health care and immigration. Both cases pit Obama’s clearly incompetent administration
The U.S. Supreme Court has all the justices questioning Obama’s ignorant assertions of federal power on both health care and immigration. Both cases pit Obama’s clearly incompetent administration against most Americans over the federal abdication of its power to protect Americans and federal collectivist dictatorial power mandating USSR failed socialist style medicine.
Apple’s stock price will crumble over the next two quarters. Actually Apple had its best quarter last year and this latest great quarter is hype because it comes from analysts not comparing this “product introductory quarter” with the introduction quarter last year. If they did a valid comparison they would see Apple profits peaked last year and their latest product is not doing as well as last year’s new product. The only quarters when apple does well are the ones when a new product is introduced. There is nothing planned the next two quarters. China is also challenging Apple for the use of the name IPAD. It seems Apple got the right to use the name from a Taiwan subsidiary and not from the mainland China headquarters. If Apple gave a dividend equal to its total pot of cash it would only be $30/share or 4% and it would all be gone. At current prices any Apple dividend would be too small to matter. Apple has lost its creator for the final time and each time that has happened Apple has plunged 80% or more starting as soon as investors saw the paltry progress they made without Steve Jobs. Steve Jobs can never rescue Apple again!
Samsung overtook Apple as No. 1 Smartphone Maker in the 1st Quarter
The reason we will always have the poor among us is because most of the poor are not disabled or physically or mentally challenged. Most of the poor have chosen their life style because they chose “a fast buck” and they quickly dissipate anything they inherit or get from the government. They have been scammed so many times by their “friends” and have failed so many times to accumulate anything that they have given up trying and have accepted a culture of ignorance, lethargy, scams, irresponsibility and consequently poverty as the easiest way to live. Many Americans have a friend or a family member who have chosen that life style so most Americans know that redistribution of wealth to that culture is just ordinary dissipation of wealth. You do not find any among the culture of poverty that accept responsibility for their situation because that would mean they were not ignorant, lazy, or irresponsible and hence they would not be poor. Obama has the same problem always blaming others for his own failures and always taking credit for what good happens in spite of him.
Approximately 3% of Americans are now unemployable other than for handyman jobs like cleaning brush and streets. Another 3% can find temporary jobs but only in prosperous times. Many of these are in training programs today which are a national scam because fewer than 10% trained to be truck drivers or nurses, etc in these Obama scam programs ever get work as a result of the government training programs. There are also about 8% of the American work force who are older and have given up on continuing previous careers and only work temporary jobs now for extra cash. Only about 2% of the 16% of the work force whose jobs Obama has destroyed are truly seeking their old careers. What is happening is an underground economy is growing now as it always does in socialist countries where the government is harassing the populations for wealth redistribution. When the government attacks and redistributes wealth, wealth disappears and poverty flourishes. Socialist wealth redistribution is economic cannibalism and is actually wealth dissipation the same as giving the prodigal child a million dollars. They do not save or invest they spend it as fast and foolish because they do not know what to do with the money other than spend it.
Obama claims America failed. Some times he blames his Obama depression on Bush and sometimes he blames it on free enterprise. Obama, is a poor person when it comes to his thinking. He cannot take responsibility for his incompetent administration any more than a derelict can take responsibility for his life. All Obama can do is blame others and dissipate American’s prosperity.
The truth is that corrupt socialists like Obama tried to redistribute wealth with liar loans to people of no means and the socialists like Obama announced a “depression” to cause the liar loan bank crisis to get elected. Then the Obama cronies created “Corrupt Green” scams that took taxpayer money and then declared bankruptcy. Obama has run the biggest wealth dissipation scam in the history of human civilization borrowing and spending more money and accomplishing less that anyone before him. Obama’s redistribution is just ordinary dissipation like what happens when incompetent ne’er-do-well children inherit wealth from competent parents. The incompetent children dissipate the wealth because they lack the ability to invest and grow wealth. If you give wealth to people who are indigents they spend it as fast as they can because wealth is a responsibility and a burden to people who are afraid to save and invest. They chose to spend it all before someone takes their wealth in a scam.
The latest Rasmussen Poll 4-26-2012 reports that Romney is holding his lead over Obama. In a hypothetical Election 2012 matchup, presumptive Republican nominee Mitt Romney earns 48% of the vote, while President Obama attracts support from 45%. http://www.rasmussenreports.com/public_content/politics/obama_administration/daily_presidential_tracking_poll
World market this week
Standard & Poor’s cut Spain’s sovereign debt rating two levels to BBB+ yesterday from A. Italy’s short term borrowing costs jumped 58% (1.772, up from 1.119 percent interest) at the sale of 8.5 billion euros ($11.3 billion) of six-month bills as renewed concern about the spread of the region’s debt crisis forced the Treasury to offer higher rates to attract investors.
The Dutch government struck an emergency budget deal with the opposition to meet European Union rules, ending the impasse that threatened Netherlands’ loss of its top credit rating.
Hollande Says Germany Can’t Make Europe’s Decisions Alone.
Approximately 63% of Chinese companies that have reported 1st quarter earnings so far, have reported declining profits or losses due to slowing economic growth. In America it is roughly the same but earnings estimates have been dropped so much that about 60% of American companies are exceeding the lowered expectations.
Renewable Energy Corp ASA, Europe’s second-largest polysilicon producer, is closing its second factory in five weeks. These industries cannot turn a profit with current technology. They require a 90% production cost reduction before green energy will be successful. Ninety three percent of current systems require major repairs within ten years and get no subsidies for the repairs. People then just have the systems ripped out. This false hope has been subsidized on and off since Jimmy Carter in the 1970’s. Only the young and poorly educated do not know what a big scam Obama’s green corruption and dissipation policies are.
The deepening recession reduced dry bulk trade by 80% causing Germany’s Container Flotten- Fonds to file for bankruptcy. More than 1,000 investors who had been promised annual returns of as much as 15 percent instead lost.
Britain’s budget deficit unexpectedly widened in March, intensifying pressure on Chancellor of the Exchequer George Osborne to keep squeezing spending.
Euro-area services and manufacturing output declined for the third month in a row to a five-month low as the economy struggled to rebound from the sharp fourth-quarter contraction.
Manufacturing shrank in both Europe and China. The Euro weakened and the cost of insuring the region’s debt rose after the Dutch government has fallen to socialists and French President Nicolas Sarkozy lost ground to socialists in elections.
Italy’s confidence index declined to 89 from 96.3 in March hitting the lowest level since the series began in 1996.
China continues to threaten an invasion of unoccupied Philippine islands. N. Korea is threatening to attack S Korean targets and incinerate them for not properly worshiping N. Korean leaders.
Most national stock markets are on one, five and twelve-year head-and-shoulders sell areas. Germany’s market is losing steam. To see the megatrend look back to 1995.
http://finance.yahoo.com/echarts?s=%5EGDAXI+Interactive#symbol=^gdaxi;range=my;compare=;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined;
The Swiss are still lower than last year’s high with a mega-trend decline. Choose max years http://finance.yahoo.com/echarts?s=%5ESSMI+Interactive#symbol=^ssmi;range=my;compare=;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined;
China has been declining for more than a year now. Chinese inflation data disappointed, with March consumer price index rising 3.6%. If the economic output grew 8% and inflation grew 3.6% that means real growth in China has declined to 4.4%.
http://finance.yahoo.com/echarts?s=000001.SS+Interactive#symbol=000001.ss;range=my;compare=;indicator=ema(100,200)+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.
http://finance.yahoo.com/echarts?s=%5EMERV+Interactive#symbol=^merv;range=2y;compare=;indicator=ema(100,200)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined;
American Economy
Ford Motor Co said first-quarter profit fell 45 percent as losses in overseas operations ate into earnings in North America.
Case-Shiller 20-city Index Feb down –3.5% vs down -3.8% last month correcting for 0.2% manipulation potential.
Consumer Confidence Apr 69.2 down from 70.2
New Home Sales Mar 328K down from 353K
FHFA Housing Price Index Feb down -0.2% because it borrowed 0.5% from last month to shift after the last announcement to this month. Again it is inconsistent month to month Obama manipulation.
MBA Mortgage Index 04/21 -3.8% down sharply from 6.9%
Durable Orders Mar -4.2% fell sharply from 2.4%
Durable Goods -ex Transportation Mar -1.1% fell sharply from 1.8%
Crude Inventories 04/21 3.978M not improved from 3.856M
FOMC Rate Decision Apr 0.25%, no change
Yesterday
Initial Claims 04/21 391K up from the original 386Klast week Obama manipulation removed.
Apr 26 8:30 AM Continuing Claims 04/14 3315K up from 3297K
Apr 26 10:00 AM Pending Home Sales Mar 4.1% seasonal increase from -0.5%
Today
Apr 27 8:30 AM GDP-Adv. Q1
Apr 27 8:30 AM Chain Deflator-Adv. Q1
Apr 27 8:30 AM Employment Cost Index Q1
Apr 27 9:55 AM Michigan Sentiment - Final
Market outlook April 27, 2012
The markets are increasingly erratic. The VIX is now beingmanipulated as are economic reports.
The markets are nowhere near last rear’s high. Volume increased on the declines indicating net selling (no accumulation going on). The small investor has been taking profits. This market is now made by machines not by humans. The machines are trying to make money speculating on human behavior that no longer affects the market in the short run.
Still no DOW rails actually fell 1.1% yesterday while industrial stocks rose. No DOW confirmation means there still is no DOW buy signal since the collapse in August of 2011. It is looking like a head and shoulder sell signal forming in the Rails. We are a few days away from a complete breakdown of the market.
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
On a quarterly cycle basis (look at 6 months), the New York Stock exchange second neckline was confirmed being broken on the down side. If a new high is not reached within a month the second shoulder of the head-and-shoulder sell signal will be set. Breakdown will occur rapidly if the lower neckline is then broken.
On an annual cycle basis (look at 2009 to today) it appears the head and shoulders is already in place and the market is about to break down for that mini cycle. On an economic business cycle basis (up to 20 + years) it shows the economy peaked in early 2000 and began to decline during the Clinton administration. Only if we can get rid of the “big government moron Obama socialists” this year… will we begin another 20year free enterprise booming business cycle.
http://finance.yahoo.com/echarts?s=%5ENYA+Interactive#symbol=^nya;range=2y;compare=;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;
The VIX is loosing its predictive power as market manipulators learn how to manipulate it lower. 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 languishing..
http://www.bloomberg.com/quote/BDIY:IND/chart
Stock market update:
Asian Stock markets were down last night. China down -0.4%, Hong Kong down -0.3%, India flat 0%, Taiwan down –0.5%, and Japan down –0.4%.
European markets are mixed today in a range of 1% to -1.4% half way through their day.
American market futures are up about 0.1% in after hour trading at 7:30 AM EST.
We warned early last week that Apple earnings took a step change in the latest quarter and it is not a trend change improvement. They have compared this new product introduction quarter to a normal quarter last year not the new product introduction quarter last year. The earnings this new product quarter were less that the best quarter last year. Apple profits peaked last year! They are already in decline when you compare apples to apples!
Apple’s stock price will crumble over the next two quarters. Actually Apple had its best quarter last year and this latest great quarter is hype because it comes from analysts not comparing this “product introductory quarter” with the introduction quarter last year. If they did a valid comparison they would see Apple profits peaked last year and their latest product is not doing as well as last year’s new product. The only quarters when apple does well are the ones when a new product is introduced. There is nothing planned the next two quarters. China is also challenging Apple for the use of the name IPAD. It seems Apple got the right to use the name from a Taiwan subsidiary and not from the mainland China headquarters. If Apple gave a dividend equal to its total pot of cash it would only be $30/share or 4% and it would all be gone. At current prices any Apple dividend would be too small to matter. Apple has lost its creator for the final time and each time that has happened Apple has plunged 80% or more starting as soon as investors saw the paltry progress they made without Steve Jobs. Steve Jobs can never rescue Apple again!
Samsung overtook Apple as No. 1 Smartphone Maker in the 1st Quarter
The reason we will always have the poor among us is because most of the poor are not disabled or physically or mentally challenged. Most of the poor have chosen their life style because they chose “a fast buck” and they quickly dissipate anything they inherit or get from the government. They have been scammed so many times by their “friends” and have failed so many times to accumulate anything that they have given up trying and have accepted a culture of ignorance, lethargy, scams, irresponsibility and consequently poverty as the easiest way to live. Many Americans have a friend or a family member who have chosen that life style so most Americans know that redistribution of wealth to that culture is just ordinary dissipation of wealth. You do not find any among the culture of poverty that accept responsibility for their situation because that would mean they were not ignorant, lazy, or irresponsible and hence they would not be poor. Obama has the same problem always blaming others for his own failures and always taking credit for what good happens in spite of him.
Approximately 3% of Americans are now unemployable other than for handyman jobs like cleaning brush and streets. Another 3% can find temporary jobs but only in prosperous times. Many of these are in training programs today which are a national scam because fewer than 10% trained to be truck drivers or nurses, etc in these Obama scam programs ever get work as a result of the government training programs. There are also about 8% of the American work force who are older and have given up on continuing previous careers and only work temporary jobs now for extra cash. Only about 2% of the 16% of the work force whose jobs Obama has destroyed are truly seeking their old careers. What is happening is an underground economy is growing now as it always does in socialist countries where the government is harassing the populations for wealth redistribution. When the government attacks and redistributes wealth, wealth disappears and poverty flourishes. Socialist wealth redistribution is economic cannibalism and is actually wealth dissipation the same as giving the prodigal child a million dollars. They do not save or invest they spend it as fast and foolish because they do not know what to do with the money other than spend it.
Obama claims America failed. Some times he blames his Obama depression on Bush and sometimes he blames it on free enterprise. Obama, is a poor person when it comes to his thinking. He cannot take responsibility for his incompetent administration any more than a derelict can take responsibility for his life. All Obama can do is blame others and dissipate American’s prosperity.
The truth is that corrupt socialists like Obama tried to redistribute wealth with liar loans to people of no means and the socialists like Obama announced a “depression” to cause the liar loan bank crisis to get elected. Then the Obama cronies created “Corrupt Green” scams that took taxpayer money and then declared bankruptcy. Obama has run the biggest wealth dissipation scam in the history of human civilization borrowing and spending more money and accomplishing less that anyone before him. Obama’s redistribution is just ordinary dissipation like what happens when incompetent ne’er-do-well children inherit wealth from competent parents. The incompetent children dissipate the wealth because they lack the ability to invest and grow wealth. If you give wealth to people who are indigents they spend it as fast as they can because wealth is a responsibility and a burden to people who are afraid to save and invest. They chose to spend it all before someone takes their wealth in a scam.
The latest Rasmussen Poll 4-26-2012 reports that Romney is holding his lead over Obama. In a hypothetical Election 2012 matchup, presumptive Republican nominee Mitt Romney earns 48% of the vote, while President Obama attracts support from 45%. http://www.rasmussenreports.com/public_content/politics/obama_administration/daily_presidential_tracking_poll
World market this week
Standard & Poor’s cut Spain’s sovereign debt rating two levels to BBB+ yesterday from A. Italy’s short term borrowing costs jumped 58% (1.772, up from 1.119 percent interest) at the sale of 8.5 billion euros ($11.3 billion) of six-month bills as renewed concern about the spread of the region’s debt crisis forced the Treasury to offer higher rates to attract investors.
The Dutch government struck an emergency budget deal with the opposition to meet European Union rules, ending the impasse that threatened Netherlands’ loss of its top credit rating.
Hollande Says Germany Can’t Make Europe’s Decisions Alone.
Approximately 63% of Chinese companies that have reported 1st quarter earnings so far, have reported declining profits or losses due to slowing economic growth. In America it is roughly the same but earnings estimates have been dropped so much that about 60% of American companies are exceeding the lowered expectations.
Renewable Energy Corp ASA, Europe’s second-largest polysilicon producer, is closing its second factory in five weeks. These industries cannot turn a profit with current technology. They require a 90% production cost reduction before green energy will be successful. Ninety three percent of current systems require major repairs within ten years and get no subsidies for the repairs. People then just have the systems ripped out. This false hope has been subsidized on and off since Jimmy Carter in the 1970’s. Only the young and poorly educated do not know what a big scam Obama’s green corruption and dissipation policies are.
The deepening recession reduced dry bulk trade by 80% causing Germany’s Container Flotten- Fonds to file for bankruptcy. More than 1,000 investors who had been promised annual returns of as much as 15 percent instead lost.
Britain’s budget deficit unexpectedly widened in March, intensifying pressure on Chancellor of the Exchequer George Osborne to keep squeezing spending.
Euro-area services and manufacturing output declined for the third month in a row to a five-month low as the economy struggled to rebound from the sharp fourth-quarter contraction.
Manufacturing shrank in both Europe and China. The Euro weakened and the cost of insuring the region’s debt rose after the Dutch government has fallen to socialists and French President Nicolas Sarkozy lost ground to socialists in elections.
Italy’s confidence index declined to 89 from 96.3 in March hitting the lowest level since the series began in 1996.
China continues to threaten an invasion of unoccupied Philippine islands. N. Korea is threatening to attack S Korean targets and incinerate them for not properly worshiping N. Korean leaders.
Most national stock markets are on one, five and twelve-year head-and-shoulders sell areas. Germany’s market is losing steam. To see the megatrend look back to 1995.
http://finance.yahoo.com/echarts?s=%5EGDAXI+Interactive#symbol=^gdaxi;range=my;compare=;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined;
The Swiss are still lower than last year’s high with a mega-trend decline. Choose max years http://finance.yahoo.com/echarts?s=%5ESSMI+Interactive#symbol=^ssmi;range=my;compare=;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined;
China has been declining for more than a year now. Chinese inflation data disappointed, with March consumer price index rising 3.6%. If the economic output grew 8% and inflation grew 3.6% that means real growth in China has declined to 4.4%.
http://finance.yahoo.com/echarts?s=000001.SS+Interactive#symbol=000001.ss;range=my;compare=;indicator=ema(100,200)+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.
http://finance.yahoo.com/echarts?s=%5EMERV+Interactive#symbol=^merv;range=2y;compare=;indicator=ema(100,200)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined;
American Economy
Ford Motor Co said first-quarter profit fell 45 percent as losses in overseas operations ate into earnings in North America.
Case-Shiller 20-city Index Feb down –3.5% vs down -3.8% last month correcting for 0.2% manipulation potential.
Consumer Confidence Apr 69.2 down from 70.2
New Home Sales Mar 328K down from 353K
FHFA Housing Price Index Feb down -0.2% because it borrowed 0.5% from last month to shift after the last announcement to this month. Again it is inconsistent month to month Obama manipulation.
MBA Mortgage Index 04/21 -3.8% down sharply from 6.9%
Durable Orders Mar -4.2% fell sharply from 2.4%
Durable Goods -ex Transportation Mar -1.1% fell sharply from 1.8%
Crude Inventories 04/21 3.978M not improved from 3.856M
FOMC Rate Decision Apr 0.25%, no change
Yesterday
Initial Claims 04/21 391K up from the original 386Klast week Obama manipulation removed.
Apr 26 8:30 AM Continuing Claims 04/14 3315K up from 3297K
Apr 26 10:00 AM Pending Home Sales Mar 4.1% seasonal increase from -0.5%
Today
Apr 27 8:30 AM GDP-Adv. Q1
Apr 27 8:30 AM Chain Deflator-Adv. Q1
Apr 27 8:30 AM Employment Cost Index Q1
Apr 27 9:55 AM Michigan Sentiment - Final
Market outlook April 27, 2012
The markets are increasingly erratic. The VIX is now beingmanipulated as are economic reports.
The markets are nowhere near last rear’s high. Volume increased on the declines indicating net selling (no accumulation going on). The small investor has been taking profits. This market is now made by machines not by humans. The machines are trying to make money speculating on human behavior that no longer affects the market in the short run.
Still no DOW rails actually fell 1.1% yesterday while industrial stocks rose. No DOW confirmation means there still is no DOW buy signal since the collapse in August of 2011. It is looking like a head and shoulder sell signal forming in the Rails. We are a few days away from a complete breakdown of the market.
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
On a quarterly cycle basis (look at 6 months), the New York Stock exchange second neckline was confirmed being broken on the down side. If a new high is not reached within a month the second shoulder of the head-and-shoulder sell signal will be set. Breakdown will occur rapidly if the lower neckline is then broken.
On an annual cycle basis (look at 2009 to today) it appears the head and shoulders is already in place and the market is about to break down for that mini cycle. On an economic business cycle basis (up to 20 + years) it shows the economy peaked in early 2000 and began to decline during the Clinton administration. Only if we can get rid of the “big government moron Obama socialists” this year… will we begin another 20year free enterprise booming business cycle.
http://finance.yahoo.com/echarts?s=%5ENYA+Interactive#symbol=^nya;range=2y;compare=;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;
The VIX is loosing its predictive power as market manipulators learn how to manipulate it lower. 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 languishing..
http://www.bloomberg.com/quote/BDIY:IND/chart
Stock market update:
Asian Stock markets were down last night. China down -0.4%, Hong Kong down -0.3%, India flat 0%, Taiwan down –0.5%, and Japan down –0.4%.
European markets are mixed today in a range of 1% to -1.4% half way through their day.
American market futures are up about 0.1% in after hour trading at 7:30 AM EST.
We warned early last week that Apple earnings took a step change in the latest quarter and it is not a trend change improvement. They have compared this new product introduction quarter to a normal quarter last year not the new product introduction quarter last year. The earnings this new product quarter were less that the best quarter last year. Apple profits peaked last year! They are already in decline when you compare apples to apples!
Thursday, April 26, 2012
Apple’s stock price will crumble over the next two quarters. Actually Apple had its best quarter last year and this latest great quarter is hype
Apple’s stock price will crumble over the next two quarters. Actually Apple had its best quarter last year and this latest great quarter is hype because it comes from analysts not comparing this product introductory quarter with the introduction quarter last year. If they did a valid comparison they would see Apple profits peaked last year and their latest product is not doing as well as last year’s introduction.
Jon Voight; with the following truths, may have just hurt his career.
http://www.staged.com/video?v=x4u
Obama claimed America failed. Some times he blames his depression on Bush and sometimes he blames it on free enterprise. All Obama can do is blame others and dissipate American’s prosperity.
Representative Barney Frank, in an exit interview to New York magazine suggested that President Barack Obama “underestimated, as did Clinton, the sensitivity of people” to government intrusion and regulation of their lives, health, and liberty.
They showed a BBC program Tuesday that claims Detroit is in that situation and is now burning. There is so much arson now in Detroit that the firemen are unable to keep up and are risking their lives. Several had camera’s mounted to their hats recording the dangerous situation in Detroit.
The latest Rasmussen Poll 4-26-2012 reports that Romney is holding his lead over Obama. In a hypothetical Election 2012 matchup, presumptive Republican nominee Mitt Romney earns 49% of the vote, while President Obama attracts support from 44%. Fifty percent (50%) believe increased government regulation leads to less fairness. 66% believe that most government contracts are awarded to those with political connections rather than to those who provide the best service at the best price. Republicans continue to enjoy a three-point advantage over Democrats on the Generic Congressional Ballot to take the Senate and House in 2012. http://www.rasmussenreports.com/public_content/politics/obama_administration/daily_presidential_tracking_poll
World market this week
Italy’s short term borrowing costs jumped 58% (1.772, up from 1.119 percent interest) at the sale of 8.5 billion euros ($11.3 billion) of six-month bills as renewed concern about the spread of the region’s debt crisis forced the Treasury to offer higher rates to attract investors. Stock market tumbles.
German Chancellor Angela Merkel said balanced budgets are the best answer to the debt crisis, rebuffing French Socialist presidential candidate Francois Hollande’s campaign pledge to reverse Europe’s drive to get spending under control.
Approximately 63% of Chinese companies that have reported 1st quarter earnings so far, have reported declining profits or losses due to slowing economic growth. In America it is roughly the same but earnings estimates have been dropped so much that about 60% of American companies are exceeding the lowered expectations.
Renewable Energy Corp ASA, Europe’s second-largest polysilicon producer, is closing its second factory in five weeks. These industries cannot turn a profit with current technology. They require a 90% production cost reduction before green energy will be successful. Ninety three percent of current systems require major repairs within ten years and get no subsidies for the repairs. People then just have the systems ripped out. This false hope has been subsidized on and off since Jimmy Carter in the 1970’s. Only the young and poorly educated do not know what a big scam Obama’s green corruption and dissipation policies are.
The deepening recession reduced trade by 80% causing Germany’s Container Flotten- Fonds to file for bankruptcy. More than 1,000 investors who had been promised annual returns of as much as 15 percent instead lost.
Britain’s budget deficit unexpectedly widened in March, intensifying pressure on Chancellor of the Exchequer George Osborne to keep squeezing spending.
French Socialist presidential candidate Francois Hollande’s made a campaign pledge to reverse Europe’s budgeting and German business sense creating tension between the EU’s strong and weak economies. “Europe can’t just impose austerity,” Hollande said today. “it’s only a burden or pressure unbearable for people.”
Euro-area services and manufacturing output declined for the third month in a row to a five-month low as the economy struggled to rebound from the sharp fourth-quarter contraction.
Manufacturing shrank in both Europe and China. The Euro weakened and the cost of insuring the region’s debt rose after the Dutch government has fallen to socialists and French President Nicolas Sarkozy lost ground to socialists in elections.
Italy’s confidence index declined to 89 from 96.3 in March hitting the lowest level since the series began in 1996.
China Mobile Ltd. (941), the world’s fastest growing and biggest phone carrier by users, fell the most in more than six months in Hong Kong trading after the company reported profit fell 3 percent.
China continues to threaten an invasion of unoccupied Philippine islands. N. Korea is threatening to attack S Korean targets and incinerate them for not properly worshiping N. Korean leaders.
Most national stock markets are on one, five and twelve-year head-and-shoulders sell areas. Germany’s market is losing steam. To see the megatrend look back to 1995.
http://finance.yahoo.com/echarts?s=%5EGDAXI+Interactive#symbol=^gdaxi;range=my;compare=;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined;
The Swiss are still lower than last year’s high with a mega-trend decline. Choose max years http://finance.yahoo.com/echarts?s=%5ESSMI+Interactive#symbol=^ssmi;range=my;compare=;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined;
China has been declining for more than a year now. Chinese inflation data disappointed, with March consumer price index rising 3.6%. If the economic output grew 8% and inflation grew 3.6% that means real growth in China has declined to 4.4%.
http://finance.yahoo.com/echarts?s=000001.SS+Interactive#symbol=000001.ss;range=my;compare=;indicator=ema(100,200)+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.
http://finance.yahoo.com/echarts?s=%5EMERV+Interactive#symbol=^merv;range=2y;compare=;indicator=ema(100,200)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined;
American Economy
Apple profits more than doubled again year to year but was flat quarter to quarter. That means the entire increase was due to the new product launched at the end of 2011 and while large it was a step change, not a trend change. Unless an equally popular product is launched later this year Apple stock will fall off the cliff by the end of this year.
Case-Shiller 20-city Index Feb down –3.5% vs down -3.8% last month correcting for 0.2% manipulation potential.
Consumer Confidence Apr 69.2 down from 70.2
New Home Sales Mar 328K down from 353K
FHFA Housing Price Index Feb down -0.2% because it borrowed 0.5% from last month to shift after the last announcement to this month. Again it is inconsistent month to month Obama manipulation.
Yesterday
MBA Mortgage Index 04/21 -3.8% down sharply from 6.9%
Durable Orders Mar -4.2% fell sharply from 2.4%
Durable Goods -ex Transportation Mar -1.1% fell sharply from 1.8%
Crude Inventories 04/21 3.978M not improved from 3.856M
FOMC Rate Decision Apr 0.25%, no change
Today
Apr 26 8:30 AM Initial Claims 04/21
Apr 26 8:30 AM Continuing Claims 04/14
Apr 26 10:00 AM Pending Home Sales Mar
This week
Apr 27 8:30 AM GDP-Adv. Q1
Apr 27 8:30 AM Chain Deflator-Adv. Q1
Apr 27 8:30 AM Employment Cost Index Q1
Apr 27 9:55 AM Michigan Sentiment - Final
Market outlook April 26, 2012
The markets are increasingly erratic. The VIX is low but rising, a sign of at least some additional selling pressure.
The markets are nowhere near this year’s high much less last rear’s high. Volume increased on the declines indicating net selling (no accumulation going on). The small investor has been taking profits. This market is made by machines now not by humans. The machines are trying to make money speculating on human behavior that no longer affects the market in the short run.
Still no DOW rail confirmation means there still is no DOW buy signal since the collapse in August of 2011. It is looking like a head and shoulder sell signal forming in the Rails. We are a few days away from a complete breakdown of the market.
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
On a quarterly cycle basis (look at 6 months), the New York Stock exchange second neckline was confirmed being broken on the down side. If a new high is not reached within a month the second shoulder of the head-and-shoulder sell signal will be set. Breakdown will occur rapidly if the lower neckline is then broken.
On an annual cycle basis (look at 2009 to today) it appears the head and shoulders is already in place and the market is about to break down for that mini cycle. On an economic business cycle basis (up to 20 + years) it shows the economy peaked in early 2000 and began to decline during the Clinton administration. Only if we can get rid of the “big government moron Obama socialists” this year… will we begin another 20year free enterprise booming business cycle.
http://finance.yahoo.com/echarts?s=%5ENYA+Interactive#symbol=^nya;range=1y;compare=;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;
The VIX is loosing its predictive power as market manipulators learn how to manipulate it. 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 languishing..
http://www.bloomberg.com/quote/BDIY:IND/chart
Stock market update:
Asian Stock markets were mixed last night. China down 0.1%, Hong Kong up 0.8%, India down –0.1%, Taiwan down –0.6%, and Japan flat lined 0%.
European markets are down today in a range of 0.1% to -0.8% half way through their day.
American market futures are down about 0.1% in after hour trading at 7:30 AM EST.
We warned early last week that Apple earnings took a step change in the latest quarter and it is not a trend change improvement. They have compared this new product introduction quarter to a normal quarter last year not the new product introduction quarter last year. The earnings this new product quarter were less that the best quarter last year. Apple profits peaked last year! They are already in decline when you compare apples to apples!
Jon Voight; with the following truths, may have just hurt his career.
http://www.staged.com/video?v=x4u
Obama claimed America failed. Some times he blames his depression on Bush and sometimes he blames it on free enterprise. All Obama can do is blame others and dissipate American’s prosperity.
Representative Barney Frank, in an exit interview to New York magazine suggested that President Barack Obama “underestimated, as did Clinton, the sensitivity of people” to government intrusion and regulation of their lives, health, and liberty.
They showed a BBC program Tuesday that claims Detroit is in that situation and is now burning. There is so much arson now in Detroit that the firemen are unable to keep up and are risking their lives. Several had camera’s mounted to their hats recording the dangerous situation in Detroit.
The latest Rasmussen Poll 4-26-2012 reports that Romney is holding his lead over Obama. In a hypothetical Election 2012 matchup, presumptive Republican nominee Mitt Romney earns 49% of the vote, while President Obama attracts support from 44%. Fifty percent (50%) believe increased government regulation leads to less fairness. 66% believe that most government contracts are awarded to those with political connections rather than to those who provide the best service at the best price. Republicans continue to enjoy a three-point advantage over Democrats on the Generic Congressional Ballot to take the Senate and House in 2012. http://www.rasmussenreports.com/public_content/politics/obama_administration/daily_presidential_tracking_poll
World market this week
Italy’s short term borrowing costs jumped 58% (1.772, up from 1.119 percent interest) at the sale of 8.5 billion euros ($11.3 billion) of six-month bills as renewed concern about the spread of the region’s debt crisis forced the Treasury to offer higher rates to attract investors. Stock market tumbles.
German Chancellor Angela Merkel said balanced budgets are the best answer to the debt crisis, rebuffing French Socialist presidential candidate Francois Hollande’s campaign pledge to reverse Europe’s drive to get spending under control.
Approximately 63% of Chinese companies that have reported 1st quarter earnings so far, have reported declining profits or losses due to slowing economic growth. In America it is roughly the same but earnings estimates have been dropped so much that about 60% of American companies are exceeding the lowered expectations.
Renewable Energy Corp ASA, Europe’s second-largest polysilicon producer, is closing its second factory in five weeks. These industries cannot turn a profit with current technology. They require a 90% production cost reduction before green energy will be successful. Ninety three percent of current systems require major repairs within ten years and get no subsidies for the repairs. People then just have the systems ripped out. This false hope has been subsidized on and off since Jimmy Carter in the 1970’s. Only the young and poorly educated do not know what a big scam Obama’s green corruption and dissipation policies are.
The deepening recession reduced trade by 80% causing Germany’s Container Flotten- Fonds to file for bankruptcy. More than 1,000 investors who had been promised annual returns of as much as 15 percent instead lost.
Britain’s budget deficit unexpectedly widened in March, intensifying pressure on Chancellor of the Exchequer George Osborne to keep squeezing spending.
French Socialist presidential candidate Francois Hollande’s made a campaign pledge to reverse Europe’s budgeting and German business sense creating tension between the EU’s strong and weak economies. “Europe can’t just impose austerity,” Hollande said today. “it’s only a burden or pressure unbearable for people.”
Euro-area services and manufacturing output declined for the third month in a row to a five-month low as the economy struggled to rebound from the sharp fourth-quarter contraction.
Manufacturing shrank in both Europe and China. The Euro weakened and the cost of insuring the region’s debt rose after the Dutch government has fallen to socialists and French President Nicolas Sarkozy lost ground to socialists in elections.
Italy’s confidence index declined to 89 from 96.3 in March hitting the lowest level since the series began in 1996.
China Mobile Ltd. (941), the world’s fastest growing and biggest phone carrier by users, fell the most in more than six months in Hong Kong trading after the company reported profit fell 3 percent.
China continues to threaten an invasion of unoccupied Philippine islands. N. Korea is threatening to attack S Korean targets and incinerate them for not properly worshiping N. Korean leaders.
Most national stock markets are on one, five and twelve-year head-and-shoulders sell areas. Germany’s market is losing steam. To see the megatrend look back to 1995.
http://finance.yahoo.com/echarts?s=%5EGDAXI+Interactive#symbol=^gdaxi;range=my;compare=;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined;
The Swiss are still lower than last year’s high with a mega-trend decline. Choose max years http://finance.yahoo.com/echarts?s=%5ESSMI+Interactive#symbol=^ssmi;range=my;compare=;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined;
China has been declining for more than a year now. Chinese inflation data disappointed, with March consumer price index rising 3.6%. If the economic output grew 8% and inflation grew 3.6% that means real growth in China has declined to 4.4%.
http://finance.yahoo.com/echarts?s=000001.SS+Interactive#symbol=000001.ss;range=my;compare=;indicator=ema(100,200)+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.
http://finance.yahoo.com/echarts?s=%5EMERV+Interactive#symbol=^merv;range=2y;compare=;indicator=ema(100,200)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined;
American Economy
Apple profits more than doubled again year to year but was flat quarter to quarter. That means the entire increase was due to the new product launched at the end of 2011 and while large it was a step change, not a trend change. Unless an equally popular product is launched later this year Apple stock will fall off the cliff by the end of this year.
Case-Shiller 20-city Index Feb down –3.5% vs down -3.8% last month correcting for 0.2% manipulation potential.
Consumer Confidence Apr 69.2 down from 70.2
New Home Sales Mar 328K down from 353K
FHFA Housing Price Index Feb down -0.2% because it borrowed 0.5% from last month to shift after the last announcement to this month. Again it is inconsistent month to month Obama manipulation.
Yesterday
MBA Mortgage Index 04/21 -3.8% down sharply from 6.9%
Durable Orders Mar -4.2% fell sharply from 2.4%
Durable Goods -ex Transportation Mar -1.1% fell sharply from 1.8%
Crude Inventories 04/21 3.978M not improved from 3.856M
FOMC Rate Decision Apr 0.25%, no change
Today
Apr 26 8:30 AM Initial Claims 04/21
Apr 26 8:30 AM Continuing Claims 04/14
Apr 26 10:00 AM Pending Home Sales Mar
This week
Apr 27 8:30 AM GDP-Adv. Q1
Apr 27 8:30 AM Chain Deflator-Adv. Q1
Apr 27 8:30 AM Employment Cost Index Q1
Apr 27 9:55 AM Michigan Sentiment - Final
Market outlook April 26, 2012
The markets are increasingly erratic. The VIX is low but rising, a sign of at least some additional selling pressure.
The markets are nowhere near this year’s high much less last rear’s high. Volume increased on the declines indicating net selling (no accumulation going on). The small investor has been taking profits. This market is made by machines now not by humans. The machines are trying to make money speculating on human behavior that no longer affects the market in the short run.
Still no DOW rail confirmation means there still is no DOW buy signal since the collapse in August of 2011. It is looking like a head and shoulder sell signal forming in the Rails. We are a few days away from a complete breakdown of the market.
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
On a quarterly cycle basis (look at 6 months), the New York Stock exchange second neckline was confirmed being broken on the down side. If a new high is not reached within a month the second shoulder of the head-and-shoulder sell signal will be set. Breakdown will occur rapidly if the lower neckline is then broken.
On an annual cycle basis (look at 2009 to today) it appears the head and shoulders is already in place and the market is about to break down for that mini cycle. On an economic business cycle basis (up to 20 + years) it shows the economy peaked in early 2000 and began to decline during the Clinton administration. Only if we can get rid of the “big government moron Obama socialists” this year… will we begin another 20year free enterprise booming business cycle.
http://finance.yahoo.com/echarts?s=%5ENYA+Interactive#symbol=^nya;range=1y;compare=;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;
The VIX is loosing its predictive power as market manipulators learn how to manipulate it. 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 languishing..
http://www.bloomberg.com/quote/BDIY:IND/chart
Stock market update:
Asian Stock markets were mixed last night. China down 0.1%, Hong Kong up 0.8%, India down –0.1%, Taiwan down –0.6%, and Japan flat lined 0%.
European markets are down today in a range of 0.1% to -0.8% half way through their day.
American market futures are down about 0.1% in after hour trading at 7:30 AM EST.
We warned early last week that Apple earnings took a step change in the latest quarter and it is not a trend change improvement. They have compared this new product introduction quarter to a normal quarter last year not the new product introduction quarter last year. The earnings this new product quarter were less that the best quarter last year. Apple profits peaked last year! They are already in decline when you compare apples to apples!
Monday, April 23, 2012
Recent earnings reports have been disastrous but the pundit predictions are even more negative. Thus the dismal returns are hidden by the terrible blo
Recent earnings reports have been disastrous but the pundit predictions are even more negative. Thus the dismal returns are hidden by the terrible blows that the pundits think the Obama economic policy disasters will deliver to earnings.
The latest Rasmussen Poll 4-21-2012 reports that Romney is holding his lead over Obama. In a hypothetical Election 2012 matchup, presumptive Republican nominee Mitt Romney earns 46% of the vote, while President Obama attracts support from 45%. Republicans continue to enjoy a ten-point advantage over Democrats on the Generic Congressional Ballot to take the Senate and House in 2012. Ninety-two percent (92%) believe it is important to place strict limits on government so that it cannot take away individual rights and freedom.
http://www.rasmussenreports.com/public_content/politics/obama_administration/daily_presidential_tracking_poll
Gallup Daily Tracking 4-21-2012
Mitt Romney is supported by 47% of national registered voters and Hussein Obama by 45% in the inaugural Gallup Daily tracking results.
http://www.gallup.com/poll/153902/Romney-Obama-Tight-Race-Gallup-Daily-Tracking-Begins.aspx
World market
The French equivalent “Idiot Obama” won the first round of French elections. European stock markets drop sharply. As officials across Europe battle the sovereign-debt crisis, budget cuts by governments and surging unemployment are deflating Europe’s economy. Gold declined again.
Euro-area services and manufacturing output declined for the third month in a row to a five-month low as the economy struggled to rebound from the sharp fourth-quarter contraction.
Spain’s interest rates soar and Dutch austerity talks flopped. The socialists are taking power and are refusing to control their government deficits. “Idiot Obama” type fiscal policies are destroying confidence in European recovery.
Manufacturing shrank in both Europe and China. The Euro weakened and the cost of insuring the region’s debt rose after the Dutch government has fallen to socialists and French President Nicolas Sarkozy lost ground to socialists in elections.
Italy’s confidence index declined to 89 from 96.3 in March hitting the lowest level since the series began in 1996.
19% of French voters cast their ballots for National Front leader Marine Le Pen’s call to abandon the Euro and turn her country into an anti-Moslem immigrant fortress. Norwegian resistance to Moslem despotism also is increasing. A BBC program on the Moslem practice of disfiguring their women is turning women everywhere against the Moslem sadist and suicidal society.
Reliance Industries Ltd., the owner of the largest oil-refining complex, wants to reverse a 29 percent slump in its stock in the past year. The slowdown in China’s economy and escalating European debt crisis cut fuel demand. Adding to the drag on earnings is the decline in production at India’s biggest natural gas field. China continues to cut energy consumption.
China Mobile Ltd. (941), the world’s fastest growing and biggest phone carrier by users, fell the most in more than six months in Hong Kong trading after the company reported profit fell 3 percent.
China continues to threaten an invasion of unoccupied Philippine islands. N. Korea is threatening to attack S Korean targets and incinerate them for not properly worshiping N. Korean leaders.
Most national stock markets are on one, five and twelve-year head-and-shoulders sell areas. Germany’s market is losing steam. To see the megatrend look back to 1995.
http://finance.yahoo.com/echarts?s=%5EGDAXI+Interactive#symbol=^gdaxi;range=my;compare=;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined;
The Swiss are still lower than last year’s high with a mega-trend decline. Choose max years http://finance.yahoo.com/echarts?s=%5ESSMI+Interactive#symbol=^ssmi;range=my;compare=;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined;
China has been declining for more than a year now. Chinese inflation data disappointed, with March consumer price index rising 3.6%. If the economic output grew 8% and inflation grew 3.6% that means real growth in China has declined to 4.4%.
http://finance.yahoo.com/echarts?s=000001.SS+Interactive#symbol=000001.ss;range=my;compare=;indicator=ema(100,200)+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.
http://finance.yahoo.com/echarts?s=^BVSP+Interactive#symbol=^bvsp;range=5y;compare=;indicator=ema(100,200)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined;
American Economy
Fox news reported today that the Department of Labor has revised higher the number of people who filed for unemployment benefits for the first time 58 out of the last 59 weeks. That Obama fraud allows him to report lower unemployment by always adjusting it after to optimistic numbers are released because almost no Obama/MSNBC/Pravda propagandists report the deception. We have been telling our readers that for months.
Last week
PNC Financial Services Group Inc., the sixth-largest U.S. bank by deposits, reported a 2.5 percent drop in first-quarter profits.
Obama manipulated Retail Sales down from 1.1% to 1.0% last month so he could lie and say they are only down 0.2% from 1% to 0.8% in Mar when in fact they have declined 0.4% from 1.1% to 0.7%.
Retail Sales ex-auto Mar 0.8% down from 0.9% and not manipulated by Obama.
Empire Manufacturing Apr way down to 6.6 from 20.2 without Obama manipulation.
Net long-term TIC Flows Feb $10.1B way down from $101.0B last month
Business Inventories Feb was a flat 0.7% unmanipulated but was manipulated to make it look better by a 0.2% reduction in inventories.
The NAHB Housing Market Index Apr got worse (25) down from 28 without manipulation. The CPUSA does not manipulate some things because they do not compile the independent honest reports.
Housing Starts Mar 654K down sharply from 698K
Industrial Production Mar 0.0% no growth continues 0.0%
MBA Mortgage Index 04/14 6.9% improved from -2.4%
Initial Claims 04/14 386K were worse than last week’s 380K. But if you reverse the Obama manipulation this week’s number is a lot worse. It could be as high as 394 initial claims this week if the 8K was all transferred to last week after the numbers were first reported last week. It is not possible to know the truth the way Obama continues to compare apples to oranges.
Continuing Claims 04/07 3297K got worse from 3251K in an apples to apples comparison.
Existing Home Sales Mar 4.48M worse fell from 4.59M
Philadelphia Fed Apr 8.5 worse down from 12.5
This week
Apr 24 9:00 AM Case-Shiller 20-city Index Feb
Apr 24 10:00 AM Consumer Confidence Apr
Apr 24 10:00 AM New Home Sales Mar
Apr 24 10:00 AM FHFA Housing Price Index Feb
Apr 25 7:00 AM MBA Mortgage Index 04/21
Apr 25 8:30 AM Durable Orders Mar
Apr 25 8:30 AM Durable Goods
Apr 25 10:30 AM Crude Inventories 04/21
Apr 25 12:30 PM FOMC Rate Decision Apr
Apr 26 8:30 AM Initial Claims 04/21
Apr 26 8:30 AM Continuing Claims 04/14
Apr 26 10:00 AM Pending Home Sales Mar
Apr 27 8:30 AM GDP-Adv. Q1
Apr 27 8:30 AM Chain Deflator-Adv. Q1
Apr 27 8:30 AM Employment Cost Index Q1
Apr 27 9:55 AM Michigan Sentiment - Final
Market outlook April 23, 2012
The markets are nowhere near this year’s high much less last rear’s high. Volume increased on the declines indicating net selling (no accumulation going on). The small investor has been taking profits. This market is made by machines now not by humans. The machines are trying to make money speculating on human behavior that no longer affects the market in the short run.
Still no DOW rail confirmation means there still is no DOW buy signal since the collapse in August of 2011. It is looking like a head and shoulder sell signal forming in the Rails. We are a few days away from a complete breakdown of the market.
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
On a quarterly cycle basis (look at 6 months), the New York Stock exchange second neckline was confirmed being broken on the down side. If a new high is not reached within a month the second shoulder of the head-and-shoulder sell signal will be set. Breakdown will occur rapidly if the lower neckline is then broken.
On an annual cycle basis (look at 2009 to today) it appears the head and shoulders is already in place and the market is about to break down for that mini cycle. On an economic business cycle basis (up to 20 + years) it shows the economy peaked in early 2000 and began to decline during the Clinton administration. Only if we can get rid of the “big government moron Obama socialists” this year… will we begin another 20year free enterprise booming business cycle.
http://finance.yahoo.com/echarts?s=%5ENYA+Interactive#symbol=^nya;range=1y;compare=;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;
The VIX is rising sharply indicating the market could now fall sharply for a few weeks. 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 languishing..
http://www.bloomberg.com/quote/BDIY:IND/chart
Stock market update:
Asian Stock markets were down last night. China down –0.8%, Hong Kong down –1.8%, India down –1.6%, Jakarta down –0.6%, Taiwan down –0.4%, and Japan down –0.2%. Asia follows the USA markets.
European markets are mixed today in a range of –3% to –1.7% half way through their day. Belgium was an outlier
American market futures are down about -1% in after hour trading at 7:30 AM EST.
The latest Rasmussen Poll 4-21-2012 reports that Romney is holding his lead over Obama. In a hypothetical Election 2012 matchup, presumptive Republican nominee Mitt Romney earns 46% of the vote, while President Obama attracts support from 45%. Republicans continue to enjoy a ten-point advantage over Democrats on the Generic Congressional Ballot to take the Senate and House in 2012. Ninety-two percent (92%) believe it is important to place strict limits on government so that it cannot take away individual rights and freedom.
http://www.rasmussenreports.com/public_content/politics/obama_administration/daily_presidential_tracking_poll
Gallup Daily Tracking 4-21-2012
Mitt Romney is supported by 47% of national registered voters and Hussein Obama by 45% in the inaugural Gallup Daily tracking results.
http://www.gallup.com/poll/153902/Romney-Obama-Tight-Race-Gallup-Daily-Tracking-Begins.aspx
World market
The French equivalent “Idiot Obama” won the first round of French elections. European stock markets drop sharply. As officials across Europe battle the sovereign-debt crisis, budget cuts by governments and surging unemployment are deflating Europe’s economy. Gold declined again.
Euro-area services and manufacturing output declined for the third month in a row to a five-month low as the economy struggled to rebound from the sharp fourth-quarter contraction.
Spain’s interest rates soar and Dutch austerity talks flopped. The socialists are taking power and are refusing to control their government deficits. “Idiot Obama” type fiscal policies are destroying confidence in European recovery.
Manufacturing shrank in both Europe and China. The Euro weakened and the cost of insuring the region’s debt rose after the Dutch government has fallen to socialists and French President Nicolas Sarkozy lost ground to socialists in elections.
Italy’s confidence index declined to 89 from 96.3 in March hitting the lowest level since the series began in 1996.
19% of French voters cast their ballots for National Front leader Marine Le Pen’s call to abandon the Euro and turn her country into an anti-Moslem immigrant fortress. Norwegian resistance to Moslem despotism also is increasing. A BBC program on the Moslem practice of disfiguring their women is turning women everywhere against the Moslem sadist and suicidal society.
Reliance Industries Ltd., the owner of the largest oil-refining complex, wants to reverse a 29 percent slump in its stock in the past year. The slowdown in China’s economy and escalating European debt crisis cut fuel demand. Adding to the drag on earnings is the decline in production at India’s biggest natural gas field. China continues to cut energy consumption.
China Mobile Ltd. (941), the world’s fastest growing and biggest phone carrier by users, fell the most in more than six months in Hong Kong trading after the company reported profit fell 3 percent.
China continues to threaten an invasion of unoccupied Philippine islands. N. Korea is threatening to attack S Korean targets and incinerate them for not properly worshiping N. Korean leaders.
Most national stock markets are on one, five and twelve-year head-and-shoulders sell areas. Germany’s market is losing steam. To see the megatrend look back to 1995.
http://finance.yahoo.com/echarts?s=%5EGDAXI+Interactive#symbol=^gdaxi;range=my;compare=;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined;
The Swiss are still lower than last year’s high with a mega-trend decline. Choose max years http://finance.yahoo.com/echarts?s=%5ESSMI+Interactive#symbol=^ssmi;range=my;compare=;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined;
China has been declining for more than a year now. Chinese inflation data disappointed, with March consumer price index rising 3.6%. If the economic output grew 8% and inflation grew 3.6% that means real growth in China has declined to 4.4%.
http://finance.yahoo.com/echarts?s=000001.SS+Interactive#symbol=000001.ss;range=my;compare=;indicator=ema(100,200)+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.
http://finance.yahoo.com/echarts?s=^BVSP+Interactive#symbol=^bvsp;range=5y;compare=;indicator=ema(100,200)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined;
American Economy
Fox news reported today that the Department of Labor has revised higher the number of people who filed for unemployment benefits for the first time 58 out of the last 59 weeks. That Obama fraud allows him to report lower unemployment by always adjusting it after to optimistic numbers are released because almost no Obama/MSNBC/Pravda propagandists report the deception. We have been telling our readers that for months.
Last week
PNC Financial Services Group Inc., the sixth-largest U.S. bank by deposits, reported a 2.5 percent drop in first-quarter profits.
Obama manipulated Retail Sales down from 1.1% to 1.0% last month so he could lie and say they are only down 0.2% from 1% to 0.8% in Mar when in fact they have declined 0.4% from 1.1% to 0.7%.
Retail Sales ex-auto Mar 0.8% down from 0.9% and not manipulated by Obama.
Empire Manufacturing Apr way down to 6.6 from 20.2 without Obama manipulation.
Net long-term TIC Flows Feb $10.1B way down from $101.0B last month
Business Inventories Feb was a flat 0.7% unmanipulated but was manipulated to make it look better by a 0.2% reduction in inventories.
The NAHB Housing Market Index Apr got worse (25) down from 28 without manipulation. The CPUSA does not manipulate some things because they do not compile the independent honest reports.
Housing Starts Mar 654K down sharply from 698K
Industrial Production Mar 0.0% no growth continues 0.0%
MBA Mortgage Index 04/14 6.9% improved from -2.4%
Initial Claims 04/14 386K were worse than last week’s 380K. But if you reverse the Obama manipulation this week’s number is a lot worse. It could be as high as 394 initial claims this week if the 8K was all transferred to last week after the numbers were first reported last week. It is not possible to know the truth the way Obama continues to compare apples to oranges.
Continuing Claims 04/07 3297K got worse from 3251K in an apples to apples comparison.
Existing Home Sales Mar 4.48M worse fell from 4.59M
Philadelphia Fed Apr 8.5 worse down from 12.5
This week
Apr 24 9:00 AM Case-Shiller 20-city Index Feb
Apr 24 10:00 AM Consumer Confidence Apr
Apr 24 10:00 AM New Home Sales Mar
Apr 24 10:00 AM FHFA Housing Price Index Feb
Apr 25 7:00 AM MBA Mortgage Index 04/21
Apr 25 8:30 AM Durable Orders Mar
Apr 25 8:30 AM Durable Goods
Apr 25 10:30 AM Crude Inventories 04/21
Apr 25 12:30 PM FOMC Rate Decision Apr
Apr 26 8:30 AM Initial Claims 04/21
Apr 26 8:30 AM Continuing Claims 04/14
Apr 26 10:00 AM Pending Home Sales Mar
Apr 27 8:30 AM GDP-Adv. Q1
Apr 27 8:30 AM Chain Deflator-Adv. Q1
Apr 27 8:30 AM Employment Cost Index Q1
Apr 27 9:55 AM Michigan Sentiment - Final
Market outlook April 23, 2012
The markets are nowhere near this year’s high much less last rear’s high. Volume increased on the declines indicating net selling (no accumulation going on). The small investor has been taking profits. This market is made by machines now not by humans. The machines are trying to make money speculating on human behavior that no longer affects the market in the short run.
Still no DOW rail confirmation means there still is no DOW buy signal since the collapse in August of 2011. It is looking like a head and shoulder sell signal forming in the Rails. We are a few days away from a complete breakdown of the market.
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
On a quarterly cycle basis (look at 6 months), the New York Stock exchange second neckline was confirmed being broken on the down side. If a new high is not reached within a month the second shoulder of the head-and-shoulder sell signal will be set. Breakdown will occur rapidly if the lower neckline is then broken.
On an annual cycle basis (look at 2009 to today) it appears the head and shoulders is already in place and the market is about to break down for that mini cycle. On an economic business cycle basis (up to 20 + years) it shows the economy peaked in early 2000 and began to decline during the Clinton administration. Only if we can get rid of the “big government moron Obama socialists” this year… will we begin another 20year free enterprise booming business cycle.
http://finance.yahoo.com/echarts?s=%5ENYA+Interactive#symbol=^nya;range=1y;compare=;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;
The VIX is rising sharply indicating the market could now fall sharply for a few weeks. 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 languishing..
http://www.bloomberg.com/quote/BDIY:IND/chart
Stock market update:
Asian Stock markets were down last night. China down –0.8%, Hong Kong down –1.8%, India down –1.6%, Jakarta down –0.6%, Taiwan down –0.4%, and Japan down –0.2%. Asia follows the USA markets.
European markets are mixed today in a range of –3% to –1.7% half way through their day. Belgium was an outlier
American market futures are down about -1% in after hour trading at 7:30 AM EST.
Wednesday, April 18, 2012
Obama still refuses to show his Harvard grades.
Obama still refuses to show his Harvard grades. Obama does not know the USSR had a socialist government like the kind Obama adores and slaughtered millions of their own people and they were ultimately forced by starvation to return to Free Enterprise. Obama does not know Hitler brought Germany, National Socialism and slaughtered millions of his own people and caused a world war that flattened Germany. Obama does not know Eastern Europe was once run by international socialist that were forced by starvation to abdicate let the people return to Free Enterprise. Obama does not know the Cambodia’s Pot Pol regime was a lunatic left socialist government that slaughtered millions of their own people and they were forced by starvation to cease and desist. Obama does not know Mao was an international socialist and slaughtered millions of his own people and caused mass starvation until the Chinese started re-introducing free enterprise. Obama does not know North Korea is international socialist and starved three million of their own people in the 1990's and recently promised to stop nuclear proliferation if Americans just sends them food. Obama does not seem to know that the Moslems have religious socialist governments where they slaughter non-Moslems, degrade and disfigure their women, and still legally take nine year old girls as brides. Obama actually had his staff say that China’s new free enterprise experiment was central planning.
A new Rasmussen Reports Romney is holding his lead over Obama. In a hypothetical Election 2012 matchup, presumptive Republican nominee Mitt Romney earns 46% of the vote, while President Obama attracts support from 45%. Republicans continue to enjoy a ten-point advantage over Democrats on the Generic Congressional Ballot to take the Senate and House in 2012.
http://www.rasmussenreports.com/public_content/politics/obama_administration/daily_presidential_tracking_poll
Gallup Daily Tracking Began
Mitt Romney is supported by 47% of national registered voters and Hussein Obama by 45% in the inaugural Gallup Daily tracking results.
http://www.gallup.com/poll/153902/Romney-Obama-Tight-Race-Gallup-Daily-Tracking-Begins.aspx
World market
Spain’s surging bad loans are spurring doubt about whether the government can persuade investors that it can clean up the country’s banks without further damaging public finances.
Alibaba Group Holding Ltd. hired U.S. lobbyist James Mendenhall as China’s biggest e- commerce company steps up an appeal to Washington to remove its Taobao site from a list of “notorious markets” for piracy. Lobbyists now run the American government. In January they create the state laws and budgets and in March they go to Washington to make the federal laws and budgets.
French Socialist Francois Hollande said the European Central Bank could have prevented the Greek debt crisis had it “massively” bought all the Greek bad debt at the outset. That is the problem with all well meaning idiots who are attracted to socialism. They help people today by borrowing from and mortgaging taxpayers well into the future until they run out of fools to borrow from and hard working victims to tax more. Eventually every intelligent person who survives the socialist’s taxation realizes he or she needs a little private garden to save themselves from starvation. Starvation pervades the entire socialist world. Africans are starving now because they are run by socialist idiots. As soon as they run out of oil the entire Arab-speaking world will be starving just as Moslem northern Africa is already starving.
“The U.S. and China economies are in limbo,” said Koji Toda, chief fund manager at Resona Bank Ltd. in Tokyo. Asian stocks fell, with the regional benchmark index headed for its biggest drop in two weeks, after the cost of insuring against a Spanish default climbed and U.S. consumer confidence dropped, threatening exports.
The austerity policies, which helped U.K. reduce debt and beat world peers in 2011, have put the bond market and the economy on the brink of a recession with borrowing needs approaching record levels.
The Euro region’s trade surplus narrowed as EU officials’ request a bigger US global war chest to combat the debt crisis as Spain’s government battles to quell renewed market turmoil and bankruptcy. Sweden now teeters on the brink of a recession.
Most national stock markets are on one, five and twelve-year head-and-shoulders sell areas. Germany’s market is losing steam. To see the megatrend look back to 1995. Asian stocks fell, with the regional benchmark index headed for its biggest drop in almost two weeks, after the cost of insuring against a Spanish default climbed and U.S. consumer confidence dropped, clouding the earnings outlook for Asia’s exporters.
http://finance.yahoo.com/echarts?s=%5EGDAXI+Interactive#symbol=^gdaxi;range=my;compare=;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined;
The Swiss are still lower than last year’s high with a mega-trend decline. Choose max years http://finance.yahoo.com/echarts?s=%5ESSMI+Interactive#symbol=^ssmi;range=my;compare=;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined;
China has been declining for more than a year now. Chinese inflation data disappointed, with March consumer price index rising 3.6%.
http://finance.yahoo.com/echarts?s=000001.SS+Interactive#symbol=000001.ss;range=my;compare=;indicator=ema(100,200)+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.
http://finance.yahoo.com/echarts?s=^BVSP+Interactive#symbol=^bvsp;range=5y;compare=;indicator=ema(100,200)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined;
American Economy
PNC Financial Services Group Inc., the sixth-largest U.S. bank by deposits, reported a 2.5 percent drop in first-quarter profits.
Treasury 10-year notes erased earlier losses and were little changed in New York trading.
Obama manipulated Retail Sales down from 1.1% to 1.0% last month so he could lie and say they are only down 0.2% from 1% to 0.8% in Mar when in fact they have declined 0.4% from 1.1% to 0.7%.
Retail Sales ex-auto Mar 0.8% down from 0.9% and not manipulated by Obama.
Empire Manufacturing Apr way down to 6.6 from 20.2 without Obama manipulation.
Net long-term TIC Flows Feb $10.1B way down from $101.0B last month
Business Inventories Feb was a flat 0.7% unmanipulated but was manipulated to make it look better by a 0.2% reduction in inventories.
The NAHB Housing Market Index Apr got worse (25) down from 28 without manipulation. The CPUSA does not manipulate some things because they do not compile the independent honest reports.
Yesterday
Housing Starts Mar 654K down sharply from 698K
Building Permits Mar 747K up from 717K
Industrial Production Mar 0.0% no growth continues 0.0%
Capacity Utilization Mar 78.6% flat 78.4%
This week
Apr 18 7:00 AM MBA Mortgage Index 04/14
Apr 18 10:30 AM Crude Inventories 04/14
Apr 19 8:30 AM Initial Claims 04/14
Apr 19 8:30 AM Continuing Claims 04/07
Apr 19 10:00 AM Existing Home Sales Mar
Apr 19 10:00 AM Philadelphia Fed Apr
Apr 19 10:00 AM Leading Indicators Mar
Market outlook April 18, 2012
Even Jim Cramer last night said an up-tick in the VIX would be a sell signal to him.
Now the markets are still within about 2% of breaking through their lower resistance levels. The Obama administration muddles through blaming everyone else for Obama's own stupidity. Nigeria is known as the most corrupt culture in the world with Bangladesh close behind. Thanks to Obama, this year Obama’s homeland, Nigeria, had a candidate competing with America Jim Yong Kim, for President of the World Bank. Obama stupidity and corruption has no limits.
No DOW rail confirmation means there is no DOW buy signal. Is looking like a head and shoulder sell signal forming in the Rails. We are a few days away from a complete breakdown of the market.
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 New York Stock exchange said the market has now breaking down worse than last August.
http://finance.yahoo.com/echarts?s=%5ENYA+Interactive#symbol=^nya;range=1y;compare=;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;
The VIX is rising sharply now indicating the market could now fall sharply for a few weeks. 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 languishing meaning China could implode soon.
http://www.bloomberg.com/quote/BDIY:IND/chart
Stock market update:
Asian Stock markets were up last night. China Up1.9%, Hong Kong Up 1.1%, India up 0.2%, Taiwan Up 0.2%, and Japan Up 2.1%. Asia follows the USA markets.
European markets are down today in a range of -0.4% to -1.8% half way through their day. Europe attempts to anticipate the US markets.
American market futures are down about -0.3% in after hour trading at 7:30 AM EST.
A new Rasmussen Reports Romney is holding his lead over Obama. In a hypothetical Election 2012 matchup, presumptive Republican nominee Mitt Romney earns 46% of the vote, while President Obama attracts support from 45%. Republicans continue to enjoy a ten-point advantage over Democrats on the Generic Congressional Ballot to take the Senate and House in 2012.
http://www.rasmussenreports.com/public_content/politics/obama_administration/daily_presidential_tracking_poll
Gallup Daily Tracking Began
Mitt Romney is supported by 47% of national registered voters and Hussein Obama by 45% in the inaugural Gallup Daily tracking results.
http://www.gallup.com/poll/153902/Romney-Obama-Tight-Race-Gallup-Daily-Tracking-Begins.aspx
World market
Spain’s surging bad loans are spurring doubt about whether the government can persuade investors that it can clean up the country’s banks without further damaging public finances.
Alibaba Group Holding Ltd. hired U.S. lobbyist James Mendenhall as China’s biggest e- commerce company steps up an appeal to Washington to remove its Taobao site from a list of “notorious markets” for piracy. Lobbyists now run the American government. In January they create the state laws and budgets and in March they go to Washington to make the federal laws and budgets.
French Socialist Francois Hollande said the European Central Bank could have prevented the Greek debt crisis had it “massively” bought all the Greek bad debt at the outset. That is the problem with all well meaning idiots who are attracted to socialism. They help people today by borrowing from and mortgaging taxpayers well into the future until they run out of fools to borrow from and hard working victims to tax more. Eventually every intelligent person who survives the socialist’s taxation realizes he or she needs a little private garden to save themselves from starvation. Starvation pervades the entire socialist world. Africans are starving now because they are run by socialist idiots. As soon as they run out of oil the entire Arab-speaking world will be starving just as Moslem northern Africa is already starving.
“The U.S. and China economies are in limbo,” said Koji Toda, chief fund manager at Resona Bank Ltd. in Tokyo. Asian stocks fell, with the regional benchmark index headed for its biggest drop in two weeks, after the cost of insuring against a Spanish default climbed and U.S. consumer confidence dropped, threatening exports.
The austerity policies, which helped U.K. reduce debt and beat world peers in 2011, have put the bond market and the economy on the brink of a recession with borrowing needs approaching record levels.
The Euro region’s trade surplus narrowed as EU officials’ request a bigger US global war chest to combat the debt crisis as Spain’s government battles to quell renewed market turmoil and bankruptcy. Sweden now teeters on the brink of a recession.
Most national stock markets are on one, five and twelve-year head-and-shoulders sell areas. Germany’s market is losing steam. To see the megatrend look back to 1995. Asian stocks fell, with the regional benchmark index headed for its biggest drop in almost two weeks, after the cost of insuring against a Spanish default climbed and U.S. consumer confidence dropped, clouding the earnings outlook for Asia’s exporters.
http://finance.yahoo.com/echarts?s=%5EGDAXI+Interactive#symbol=^gdaxi;range=my;compare=;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined;
The Swiss are still lower than last year’s high with a mega-trend decline. Choose max years http://finance.yahoo.com/echarts?s=%5ESSMI+Interactive#symbol=^ssmi;range=my;compare=;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined;
China has been declining for more than a year now. Chinese inflation data disappointed, with March consumer price index rising 3.6%.
http://finance.yahoo.com/echarts?s=000001.SS+Interactive#symbol=000001.ss;range=my;compare=;indicator=ema(100,200)+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.
http://finance.yahoo.com/echarts?s=^BVSP+Interactive#symbol=^bvsp;range=5y;compare=;indicator=ema(100,200)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined;
American Economy
PNC Financial Services Group Inc., the sixth-largest U.S. bank by deposits, reported a 2.5 percent drop in first-quarter profits.
Treasury 10-year notes erased earlier losses and were little changed in New York trading.
Obama manipulated Retail Sales down from 1.1% to 1.0% last month so he could lie and say they are only down 0.2% from 1% to 0.8% in Mar when in fact they have declined 0.4% from 1.1% to 0.7%.
Retail Sales ex-auto Mar 0.8% down from 0.9% and not manipulated by Obama.
Empire Manufacturing Apr way down to 6.6 from 20.2 without Obama manipulation.
Net long-term TIC Flows Feb $10.1B way down from $101.0B last month
Business Inventories Feb was a flat 0.7% unmanipulated but was manipulated to make it look better by a 0.2% reduction in inventories.
The NAHB Housing Market Index Apr got worse (25) down from 28 without manipulation. The CPUSA does not manipulate some things because they do not compile the independent honest reports.
Yesterday
Housing Starts Mar 654K down sharply from 698K
Building Permits Mar 747K up from 717K
Industrial Production Mar 0.0% no growth continues 0.0%
Capacity Utilization Mar 78.6% flat 78.4%
This week
Apr 18 7:00 AM MBA Mortgage Index 04/14
Apr 18 10:30 AM Crude Inventories 04/14
Apr 19 8:30 AM Initial Claims 04/14
Apr 19 8:30 AM Continuing Claims 04/07
Apr 19 10:00 AM Existing Home Sales Mar
Apr 19 10:00 AM Philadelphia Fed Apr
Apr 19 10:00 AM Leading Indicators Mar
Market outlook April 18, 2012
Even Jim Cramer last night said an up-tick in the VIX would be a sell signal to him.
Now the markets are still within about 2% of breaking through their lower resistance levels. The Obama administration muddles through blaming everyone else for Obama's own stupidity. Nigeria is known as the most corrupt culture in the world with Bangladesh close behind. Thanks to Obama, this year Obama’s homeland, Nigeria, had a candidate competing with America Jim Yong Kim, for President of the World Bank. Obama stupidity and corruption has no limits.
No DOW rail confirmation means there is no DOW buy signal. Is looking like a head and shoulder sell signal forming in the Rails. We are a few days away from a complete breakdown of the market.
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 New York Stock exchange said the market has now breaking down worse than last August.
http://finance.yahoo.com/echarts?s=%5ENYA+Interactive#symbol=^nya;range=1y;compare=;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;
The VIX is rising sharply now indicating the market could now fall sharply for a few weeks. 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 languishing meaning China could implode soon.
http://www.bloomberg.com/quote/BDIY:IND/chart
Stock market update:
Asian Stock markets were up last night. China Up1.9%, Hong Kong Up 1.1%, India up 0.2%, Taiwan Up 0.2%, and Japan Up 2.1%. Asia follows the USA markets.
European markets are down today in a range of -0.4% to -1.8% half way through their day. Europe attempts to anticipate the US markets.
American market futures are down about -0.3% in after hour trading at 7:30 AM EST.
Tuesday, April 17, 2012
The VIX is rising sharply indicating the market could now fall sharply for a few weeks.
The VIX is rising sharply indicating the market could now fall sharply for a few weeks.
Democrats did not first take over on January 22nd 2009, they did it January 3rd 2007 the day the Democrats took over the House of Representatives and the Senate, and took control of the US budget. The Democrat Party then controlled a majority in both chambers for the first time since 1995. America enjoyed its greatest productivity increase between 1995 and January 3rd 2007.
For those who are listening to the leftist blame game propaganda that everything is "Bush's Fault", think about this:
January 3rd, 2007, the day the Democrats took over the Senate and the Congress:
The DOW Jones closed at 12,621.77
The GDP for the previous quarter was 3.5%
The Unemployment rate was 4.6%
George Bush's economic policies SET A RECORD of 52 STRAIGHT MONTHS of JOB GROWTH
Remember the day...January 3rd, 2007 was also the day that Barney Frank took over the House Financial Services Committee and Chris Dodd took over the Senate Banking Committee. The economic meltdown that happened 15 months later was in what part of the economy?
BANKING AND FINANCIAL SERVICES!
To this CRISIS by (among other things) dumping 5-6 TRILLION Dollars of toxic liar loans on the economy backed by Fannie Mae and Freddie Mac!
Bush asked Congress 17 TIMES to stop Fannie & Freddie - starting in 2001 because it was financially risky for the US economy.
And who took the THIRD highest pay-off contribution from Fannie Mae AND Freddie Mac? OBAMA
And who fought against reform of Fannie and Freddie? OBAMA and his partners in Congress.
So when Obama has the audacity to continually blame Bush, just remember…….JANUARY 3rd, 2007.... was THE DAY THE DEMOCRATS TOOK OVER!"
Budgets do not come from the White House. They come from Congress and the party that controlled Congress since January 2007 is the Democrat Party. The Democrats controlled the budget process for 2008 & 2009 as well as 2010 &2011. In that first year, George Bush, was able to get them to compromise on spending, when Bush got tough on spending increases. For 2009 though, Nancy Pelosi & Harry Reid bypassed George Bush entirely, passing continuing resolutions to keep government running until Barack Obama could take office. At that time, they passed massive spending bills, which blew up the Bush spending restraint and is responsible for most of the deficit since. JANUARY 3rd, 2007
And where was Barack Obama during this time? He was a member of that very Congress that passed all of these massive spending bills
.
Still the Democrats inherited the 2007 deficit that was largely their own doing. That deficit was still the lowest in the last five years. After that, Democrats in Congress took control of spending, and that includes Barack Obama, who voted for the budgets.
If Obama inherited anything, he inherited it from himself. In a nutshell, what Obama is saying is I inherited a deficit that I voted for and then I voted to expand that deficit four-fold since January 20th.
During the 1994 election President Clinton silenced the free speech and harassed evangelicals by threatening to tax them if they made any political statements. Obama and Holden now think they can shut down Catholic hospitals that refuse to do abortions and Catholic universities that do not provide contraceptives to students. American taxpayers are forced to pay for the abortions and contraceptives by the lunatic left. The bishops said, “We have been staunch defenders of religious liberty in the past. We have a solemn duty to discharge that duty today,” the bishops said in the document”. Religious liberty is under attack, by Obama who lied when he swore to uphold the US Constitution. That is another reason Obama is not a legitimate US President and should be impeached. Obama refuses to enforcement of the American Constitution and our established laws. The Executive Branch is required by the American Constitution to enforce all of America's laws. Obviously Obama does not even consider himself to be and therefore is not a legitimate American president. An astute observer has said, ”To the Russian and Nazi socialists, economic crises were essential to their power grabs. But to the idiots Holder and Obama the Americans will respond to their manufactured crises by kicking their asses out of office.”
http://www.usccb.org/issues-and-action/religious-liberty/our-first-most-cherished-liberty.cfm
The document lists concerns that prompt the bishops to act now. Among concerns are:
• The Health and Human Services (HHS) mandate forcing all employers, including religious organizations, to provide and pay for coverage of employees’ contraception, sterilization, and abortion-inducing drugs even when they have moral objections to them. Another concern is HHS’s defining which religious institutions are “religious enough” to merit protection of their religious liberty.
• Driving Catholic foster care and adoption services out of business. Boston, San Francisco, the District of Columbia and Illinois have driven local Catholic Charities adoption or foster care services out of business by revoking their licenses, by ending their government contracts, or both—because those Charities refused to place children with same-sex couples or unmarried opposite-sex couples who cohabit.
• Discrimination against Catholic humanitarian services. Despite years of excellent performance by the USCCB’s Migration and Refugee Services in administering contract services for victims of human trafficking, the federal government changed its contract specifications to require USCCB to provide or refer for contraceptive and abortion services in violation of Catholic teaching. Religious institutions should not be disqualified from a government contract based on religious belief, and they do not lose their religious identity or liberty upon entering such contracts. Recently, a federal court judge in Massachusetts turned religious liberty on its head when he declared that such a disqualification is required by the First Amendment—that the government violates religious liberty by allowing Catholic organizations to participate in contracts in a manner consistent with their beliefs on contraception and abortion.
How do Americans now know that Obama is such an ignoramus? Obama does not know the USSR had a socialist government like the kind Obama adores and slaughtered millions of their own people and they were ultimately forced by starvation to return to Free Enterprise. Obama does not know Hitler brought Germany, National Socialism and slaughtered millions of his own people and caused a world war that flattened Germany. Obama does not know Eastern Europe was once run by international socialist that were forced by starvation to return to Free Enterprise. . Obama does not know the Cambodia’s Pot Pol regime was a lunatic left socialist government that slaughtered millions of their own people and they were forced by starvation to cease and desist. Obama does not know Mao was an international socialist and slaughtered millions of his own people and caused mass starvation until the Chinese started re-introducing free enterprise. Obama does not know North Korea is international socialist and starved three million of their own people and recently promised to stop nuclear proliferation if Americans just send them food. Obama does not know that the Moslems have religious socialist governments where they slaughter non-Moslems, degrade and disfigure their women, and still legally take nine year old girls as brides. Obama was so stupid he actually had his staff say that China’s new free enterprise was central planning. That is how Americans know that Obama is such an ignoramus.
A new Rasmussen Reports Romney is holding his lead over Obama. In a hypothetical Election 2012 matchup, presumptive Republican nominee Mitt Romney earns 47% of the vote, while President Obama attracts support from 44%. Republicans continue to enjoy a five-point advantage over Democrats on the Generic Congressional Ballot to take the Senate and House in 2012.
http://www.rasmussenreports.com/public_content/politics/obama_administration/daily_presidential_tracking_poll
World market
The euro strengthened against the yen as Spain sold more than its maximum target at a bill sale and German investor confidence unexpectedly rose again for a fifth month in April.
Alibaba Group Holding Ltd. hired U.S. lobbyist James Mendenhall as China’s biggest e- commerce company steps up an appeal to Washington to remove its Taobao site from a list of “notorious markets” for piracy. Lobbyists now run the American government. In January the create the state laws and budgets and in March they go to Washington to make the federal laws and budgets.
Idiot French Socialist Francois Hollande said the European Central Bank could have prevented the Greek debt crisis had it “massively” bought all the Greek bad debt at the outset. That is the problem with all well meaning idiots who are attracted to socialism. They help people today by borrowing from and mortgaging taxpayers well into the future until they run out of fools to borrow from and hard working victims to tax more. Eventually every intelligent person who survives the socialist’s taxation realizes he or she needs a little private garden to save themselves from starvation. Starvation pervades the entire socialist world. Africans are starving now because they are run by socialist idiots. As soon as they run out of oil the entire Arab-speaking world will be starving just as Moslem northern Africa is already starving.
“The U.S. and China economies are in limbo,” said Koji Toda, chief fund manager at Resona Bank Ltd. in Tokyo. Asian stocks fell, with the regional benchmark index headed for its biggest drop in two weeks, after the cost of insuring against a Spanish default climbed and U.S. consumer confidence dropped, threatening exports.
The austerity policies, which helped U.K. reduce debt and beat world peers in 2011, have put the bond market and the economy on the brink of a recession with borrowing needs approaching record levels.
The Euro region’s trade surplus narrowed as EU officials’ request a bigger US global war chest to combat the debt crisis as Spain’s government battles to quell renewed market turmoil and bankruptcy. Sweden now teeters on the brink of a recession.
Anders Behring Breivik claimed self-defense for each of the 77 killings of Moslems in Norway.
Most national stock markets are on one, five and twelve-year head-and-shoulders sell areas. Germany’s market is losing steam. To see the megatrend look back to 1995. Asian stocks fell, with the regional benchmark index headed for its biggest drop in almost two weeks, after the cost of insuring against a Spanish default climbed and U.S. consumer confidence dropped, clouding the earnings outlook for Asia’s exporters.
http://finance.yahoo.com/echarts?s=%5EGDAXI+Interactive#symbol=^gdaxi;range=my;compare=;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined;
The Swiss are still lower than last year’s high with a mega-trend decline. Choose max years http://finance.yahoo.com/echarts?s=%5ESSMI+Interactive#symbol=^ssmi;range=my;compare=;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined;
China has been declining for more than a year now. Chinese inflation data disappointed, with March consumer price index rising 3.6%.
http://finance.yahoo.com/echarts?s=000001.SS+Interactive#symbol=000001.ss;range=my;compare=;indicator=ema(100,200)+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.
http://finance.yahoo.com/echarts?s=^BVSP+Interactive#symbol=^bvsp;range=5y;compare=;indicator=ema(100,200)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined;
American Economy
Obama shovel ready bullshit economic data 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 in a hidden “revision” so he can fraudulently report good news the next month.
Yesterday
Obama manipulated Retail Sales down from 1.1% to 1.0% last month so he could lie and say they are only down 0.2% from 1% to 0.8% in Mar when in fact they have declined 0.4% from 1.1% to 0.7%.
Retail Sales ex-auto Mar 0.8% down from 0.9% and not manipulated by Obama.
Empire Manufacturing Apr way down to 6.6 from 20.2 without Obama manipulation.
Net long-term TIC Flows Feb $10.1B way down from $101.0B last month
Business Inventories Feb was a flat 0.7% unmanipulated but was manipulated to make it look better by a 0.2% reduction in inventories.
The NAHB Housing Market Index Apr got worse (25) down from 28 without manipulation. The CPUSA does not manipulate some things because they do not compile the independent honest reports.
This week
Apr 17 8:30 AM Housing Starts Mar
Apr 17 8:30 AM Building Permits Mar
Apr 17 9:15 AM Industrial Production Mar
Apr 17 9:15 AM Capacity Utilization Mar
Apr 18 7:00 AM MBA Mortgage Index 04/14
Apr 18 10:30 AM Crude Inventories 04/14
Apr 19 8:30 AM Initial Claims 04/14
Apr 19 8:30 AM Continuing Claims 04/07
Apr 19 10:00 AM Existing Home Sales Mar
Apr 19 10:00 AM Philadelphia Fed Apr
Apr 19 10:00 AM Leading Indicators Mar
Market outlook April 17, 2012
Apple may now have peaked. The stock historically only did well when its founder was its leader. Unfortunately that time has passed.
Now the markets are still within about 1% of breaking through their lower resistance levels. The Obama administration muddles through blaming everyone else for Obama's own stupidity. Nigeria is known as the most corrupt culture in the world with Bangladesh close behind. Thanks to Obama, this year Obama’s homeland Nigeria had a candidate competing with America Jim Yong Kim, for President of the World Bank. Obama corruption has no limits.
Bloomberg had an article on Obama’s political “Mommy War” on Mitt Romney. “Democrat Kadie Whalen, 32, is a stay-at-home mother raising three kids. Republican Evelyn Valleao, 44, works full-time yet says she wishes she was financially able to be home with her four children. “ Most women agree Obama shouldn’t be wasting their time wading into the mommy wars against Mitt Romney’s wife.
No DOW rail confirmation means there is no DOW buy signal. Is looking like a head and shoulder sell signal forming in the Rails. We are a few days away from a complete breakdown of the market.
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 New York Stock exchange said the market has now breaking down worse than last August.
http://finance.yahoo.com/echarts?s=%5ENYA+Interactive#symbol=^nya;range=1y;compare=;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;
The VIX is rising sharply now indicating the market could now fall sharply for a few weeks. 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 languishing meaning China could implode soon.
http://www.bloomberg.com/quote/BDIY:IND/chart
Stock market update:
Asian Stock markets were down last night. China down -1%, Hong Kong down – 0.2%, India up 1.2%, Taiwan down –1.9%, and Japan down – 0.1%.
European markets are up today in a range of +0.5% to +1.4% half way through their day.
American market futures are up about 0.4% in after hour trading at 7 AM EST.
Democrats did not first take over on January 22nd 2009, they did it January 3rd 2007 the day the Democrats took over the House of Representatives and the Senate, and took control of the US budget. The Democrat Party then controlled a majority in both chambers for the first time since 1995. America enjoyed its greatest productivity increase between 1995 and January 3rd 2007.
For those who are listening to the leftist blame game propaganda that everything is "Bush's Fault", think about this:
January 3rd, 2007, the day the Democrats took over the Senate and the Congress:
The DOW Jones closed at 12,621.77
The GDP for the previous quarter was 3.5%
The Unemployment rate was 4.6%
George Bush's economic policies SET A RECORD of 52 STRAIGHT MONTHS of JOB GROWTH
Remember the day...January 3rd, 2007 was also the day that Barney Frank took over the House Financial Services Committee and Chris Dodd took over the Senate Banking Committee. The economic meltdown that happened 15 months later was in what part of the economy?
BANKING AND FINANCIAL SERVICES!
To this CRISIS by (among other things) dumping 5-6 TRILLION Dollars of toxic liar loans on the economy backed by Fannie Mae and Freddie Mac!
Bush asked Congress 17 TIMES to stop Fannie & Freddie - starting in 2001 because it was financially risky for the US economy.
And who took the THIRD highest pay-off contribution from Fannie Mae AND Freddie Mac? OBAMA
And who fought against reform of Fannie and Freddie? OBAMA and his partners in Congress.
So when Obama has the audacity to continually blame Bush, just remember…….JANUARY 3rd, 2007.... was THE DAY THE DEMOCRATS TOOK OVER!"
Budgets do not come from the White House. They come from Congress and the party that controlled Congress since January 2007 is the Democrat Party. The Democrats controlled the budget process for 2008 & 2009 as well as 2010 &2011. In that first year, George Bush, was able to get them to compromise on spending, when Bush got tough on spending increases. For 2009 though, Nancy Pelosi & Harry Reid bypassed George Bush entirely, passing continuing resolutions to keep government running until Barack Obama could take office. At that time, they passed massive spending bills, which blew up the Bush spending restraint and is responsible for most of the deficit since. JANUARY 3rd, 2007
And where was Barack Obama during this time? He was a member of that very Congress that passed all of these massive spending bills
.
Still the Democrats inherited the 2007 deficit that was largely their own doing. That deficit was still the lowest in the last five years. After that, Democrats in Congress took control of spending, and that includes Barack Obama, who voted for the budgets.
If Obama inherited anything, he inherited it from himself. In a nutshell, what Obama is saying is I inherited a deficit that I voted for and then I voted to expand that deficit four-fold since January 20th.
During the 1994 election President Clinton silenced the free speech and harassed evangelicals by threatening to tax them if they made any political statements. Obama and Holden now think they can shut down Catholic hospitals that refuse to do abortions and Catholic universities that do not provide contraceptives to students. American taxpayers are forced to pay for the abortions and contraceptives by the lunatic left. The bishops said, “We have been staunch defenders of religious liberty in the past. We have a solemn duty to discharge that duty today,” the bishops said in the document”. Religious liberty is under attack, by Obama who lied when he swore to uphold the US Constitution. That is another reason Obama is not a legitimate US President and should be impeached. Obama refuses to enforcement of the American Constitution and our established laws. The Executive Branch is required by the American Constitution to enforce all of America's laws. Obviously Obama does not even consider himself to be and therefore is not a legitimate American president. An astute observer has said, ”To the Russian and Nazi socialists, economic crises were essential to their power grabs. But to the idiots Holder and Obama the Americans will respond to their manufactured crises by kicking their asses out of office.”
http://www.usccb.org/issues-and-action/religious-liberty/our-first-most-cherished-liberty.cfm
The document lists concerns that prompt the bishops to act now. Among concerns are:
• The Health and Human Services (HHS) mandate forcing all employers, including religious organizations, to provide and pay for coverage of employees’ contraception, sterilization, and abortion-inducing drugs even when they have moral objections to them. Another concern is HHS’s defining which religious institutions are “religious enough” to merit protection of their religious liberty.
• Driving Catholic foster care and adoption services out of business. Boston, San Francisco, the District of Columbia and Illinois have driven local Catholic Charities adoption or foster care services out of business by revoking their licenses, by ending their government contracts, or both—because those Charities refused to place children with same-sex couples or unmarried opposite-sex couples who cohabit.
• Discrimination against Catholic humanitarian services. Despite years of excellent performance by the USCCB’s Migration and Refugee Services in administering contract services for victims of human trafficking, the federal government changed its contract specifications to require USCCB to provide or refer for contraceptive and abortion services in violation of Catholic teaching. Religious institutions should not be disqualified from a government contract based on religious belief, and they do not lose their religious identity or liberty upon entering such contracts. Recently, a federal court judge in Massachusetts turned religious liberty on its head when he declared that such a disqualification is required by the First Amendment—that the government violates religious liberty by allowing Catholic organizations to participate in contracts in a manner consistent with their beliefs on contraception and abortion.
How do Americans now know that Obama is such an ignoramus? Obama does not know the USSR had a socialist government like the kind Obama adores and slaughtered millions of their own people and they were ultimately forced by starvation to return to Free Enterprise. Obama does not know Hitler brought Germany, National Socialism and slaughtered millions of his own people and caused a world war that flattened Germany. Obama does not know Eastern Europe was once run by international socialist that were forced by starvation to return to Free Enterprise. . Obama does not know the Cambodia’s Pot Pol regime was a lunatic left socialist government that slaughtered millions of their own people and they were forced by starvation to cease and desist. Obama does not know Mao was an international socialist and slaughtered millions of his own people and caused mass starvation until the Chinese started re-introducing free enterprise. Obama does not know North Korea is international socialist and starved three million of their own people and recently promised to stop nuclear proliferation if Americans just send them food. Obama does not know that the Moslems have religious socialist governments where they slaughter non-Moslems, degrade and disfigure their women, and still legally take nine year old girls as brides. Obama was so stupid he actually had his staff say that China’s new free enterprise was central planning. That is how Americans know that Obama is such an ignoramus.
A new Rasmussen Reports Romney is holding his lead over Obama. In a hypothetical Election 2012 matchup, presumptive Republican nominee Mitt Romney earns 47% of the vote, while President Obama attracts support from 44%. Republicans continue to enjoy a five-point advantage over Democrats on the Generic Congressional Ballot to take the Senate and House in 2012.
http://www.rasmussenreports.com/public_content/politics/obama_administration/daily_presidential_tracking_poll
World market
The euro strengthened against the yen as Spain sold more than its maximum target at a bill sale and German investor confidence unexpectedly rose again for a fifth month in April.
Alibaba Group Holding Ltd. hired U.S. lobbyist James Mendenhall as China’s biggest e- commerce company steps up an appeal to Washington to remove its Taobao site from a list of “notorious markets” for piracy. Lobbyists now run the American government. In January the create the state laws and budgets and in March they go to Washington to make the federal laws and budgets.
Idiot French Socialist Francois Hollande said the European Central Bank could have prevented the Greek debt crisis had it “massively” bought all the Greek bad debt at the outset. That is the problem with all well meaning idiots who are attracted to socialism. They help people today by borrowing from and mortgaging taxpayers well into the future until they run out of fools to borrow from and hard working victims to tax more. Eventually every intelligent person who survives the socialist’s taxation realizes he or she needs a little private garden to save themselves from starvation. Starvation pervades the entire socialist world. Africans are starving now because they are run by socialist idiots. As soon as they run out of oil the entire Arab-speaking world will be starving just as Moslem northern Africa is already starving.
“The U.S. and China economies are in limbo,” said Koji Toda, chief fund manager at Resona Bank Ltd. in Tokyo. Asian stocks fell, with the regional benchmark index headed for its biggest drop in two weeks, after the cost of insuring against a Spanish default climbed and U.S. consumer confidence dropped, threatening exports.
The austerity policies, which helped U.K. reduce debt and beat world peers in 2011, have put the bond market and the economy on the brink of a recession with borrowing needs approaching record levels.
The Euro region’s trade surplus narrowed as EU officials’ request a bigger US global war chest to combat the debt crisis as Spain’s government battles to quell renewed market turmoil and bankruptcy. Sweden now teeters on the brink of a recession.
Anders Behring Breivik claimed self-defense for each of the 77 killings of Moslems in Norway.
Most national stock markets are on one, five and twelve-year head-and-shoulders sell areas. Germany’s market is losing steam. To see the megatrend look back to 1995. Asian stocks fell, with the regional benchmark index headed for its biggest drop in almost two weeks, after the cost of insuring against a Spanish default climbed and U.S. consumer confidence dropped, clouding the earnings outlook for Asia’s exporters.
http://finance.yahoo.com/echarts?s=%5EGDAXI+Interactive#symbol=^gdaxi;range=my;compare=;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined;
The Swiss are still lower than last year’s high with a mega-trend decline. Choose max years http://finance.yahoo.com/echarts?s=%5ESSMI+Interactive#symbol=^ssmi;range=my;compare=;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined;
China has been declining for more than a year now. Chinese inflation data disappointed, with March consumer price index rising 3.6%.
http://finance.yahoo.com/echarts?s=000001.SS+Interactive#symbol=000001.ss;range=my;compare=;indicator=ema(100,200)+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.
http://finance.yahoo.com/echarts?s=^BVSP+Interactive#symbol=^bvsp;range=5y;compare=;indicator=ema(100,200)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined;
American Economy
Obama shovel ready bullshit economic data 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 in a hidden “revision” so he can fraudulently report good news the next month.
Yesterday
Obama manipulated Retail Sales down from 1.1% to 1.0% last month so he could lie and say they are only down 0.2% from 1% to 0.8% in Mar when in fact they have declined 0.4% from 1.1% to 0.7%.
Retail Sales ex-auto Mar 0.8% down from 0.9% and not manipulated by Obama.
Empire Manufacturing Apr way down to 6.6 from 20.2 without Obama manipulation.
Net long-term TIC Flows Feb $10.1B way down from $101.0B last month
Business Inventories Feb was a flat 0.7% unmanipulated but was manipulated to make it look better by a 0.2% reduction in inventories.
The NAHB Housing Market Index Apr got worse (25) down from 28 without manipulation. The CPUSA does not manipulate some things because they do not compile the independent honest reports.
This week
Apr 17 8:30 AM Housing Starts Mar
Apr 17 8:30 AM Building Permits Mar
Apr 17 9:15 AM Industrial Production Mar
Apr 17 9:15 AM Capacity Utilization Mar
Apr 18 7:00 AM MBA Mortgage Index 04/14
Apr 18 10:30 AM Crude Inventories 04/14
Apr 19 8:30 AM Initial Claims 04/14
Apr 19 8:30 AM Continuing Claims 04/07
Apr 19 10:00 AM Existing Home Sales Mar
Apr 19 10:00 AM Philadelphia Fed Apr
Apr 19 10:00 AM Leading Indicators Mar
Market outlook April 17, 2012
Apple may now have peaked. The stock historically only did well when its founder was its leader. Unfortunately that time has passed.
Now the markets are still within about 1% of breaking through their lower resistance levels. The Obama administration muddles through blaming everyone else for Obama's own stupidity. Nigeria is known as the most corrupt culture in the world with Bangladesh close behind. Thanks to Obama, this year Obama’s homeland Nigeria had a candidate competing with America Jim Yong Kim, for President of the World Bank. Obama corruption has no limits.
Bloomberg had an article on Obama’s political “Mommy War” on Mitt Romney. “Democrat Kadie Whalen, 32, is a stay-at-home mother raising three kids. Republican Evelyn Valleao, 44, works full-time yet says she wishes she was financially able to be home with her four children. “ Most women agree Obama shouldn’t be wasting their time wading into the mommy wars against Mitt Romney’s wife.
No DOW rail confirmation means there is no DOW buy signal. Is looking like a head and shoulder sell signal forming in the Rails. We are a few days away from a complete breakdown of the market.
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 New York Stock exchange said the market has now breaking down worse than last August.
http://finance.yahoo.com/echarts?s=%5ENYA+Interactive#symbol=^nya;range=1y;compare=;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;
The VIX is rising sharply now indicating the market could now fall sharply for a few weeks. 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 languishing meaning China could implode soon.
http://www.bloomberg.com/quote/BDIY:IND/chart
Stock market update:
Asian Stock markets were down last night. China down -1%, Hong Kong down – 0.2%, India up 1.2%, Taiwan down –1.9%, and Japan down – 0.1%.
European markets are up today in a range of +0.5% to +1.4% half way through their day.
American market futures are up about 0.4% in after hour trading at 7 AM EST.
Monday, April 16, 2012
Catholic Bishops defy and challenge Obama’s infringement of their rights to free speech and religious liberty.
Catholic Bishops defy and challenge Obama’s infringement of their rights to free speech and religious liberty.
Eleven of Obama’s Secret Service agents became the center of attention at the sixth Summit of the Americas after they were expelled for misconduct involving prostitution. The incidents occurred in the Caribbean city of Cartagena was supposed to focus on trade in the Western Hemisphere. Instead it was a wonderful vacation retreat for Obama while it lasted.
During the 1994 election President Clinton silenced the free speech and harassed evangelicals by threatening to tax them if they made any political statements. Obama and Holden now think they can shut down Catholic hospitals that refuse to do abortions and Catholic universities that do not provide contraceptives to students. American taxpayers are forced to pay for the abortions and contraceptives by the lunatic left. The bishops said, “We have been staunch defenders of religious liberty in the past. We have a solemn duty to discharge that duty today,” the bishops said in the document”. Religious liberty is under attack, by Obama who lied when he swore to uphold the US Constitution. That is another reason Obama is not a legitimate US President and should be impeached. Obama refuses to enforcement of the American Constitution and our established laws. The Executive Branch is required by the American Constitution to enforce all of America's laws. Obviously Obama does not even consider himself to be and therefore is not a legitimate American president. An astute observer has said, ”To the Russian and Nazi socialists, economic crises were essential to their power grabs. But to the idiots Holder and Obama the Americans will respond to their manufactured crises by kicking their asses out of office.”
http://www.usccb.org/issues-and-action/religious-liberty/our-first-most-cherished-liberty.cfm
The document lists concerns that prompt the bishops to act now. Among concerns are:
• The Health and Human Services (HHS) mandate forcing all employers, including religious organizations, to provide and pay for coverage of employees’ contraception, sterilization, and abortion-inducing drugs even when they have moral objections to them. Another concern is HHS’s defining which religious institutions are “religious enough” to merit protection of their religious liberty.
• Driving Catholic foster care and adoption services out of business. Boston, San Francisco, the District of Columbia and Illinois have driven local Catholic Charities adoption or foster care services out of business by revoking their licenses, by ending their government contracts, or both—because those Charities refused to place children with same-sex couples or unmarried opposite-sex couples who cohabit.
• Discrimination against Catholic humanitarian services. Despite years of excellent performance by the USCCB’s Migration and Refugee Services in administering contract services for victims of human trafficking, the federal government changed its contract specifications to require USCCB to provide or refer for contraceptive and abortion services in violation of Catholic teaching. Religious institutions should not be disqualified from a government contract based on religious belief, and they do not lose their religious identity or liberty upon entering such contracts. Recently, a federal court judge in Massachusetts turned religious liberty on its head when he declared that such a disqualification is required by the First Amendment—that the government violates religious liberty by allowing Catholic organizations to participate in contracts in a manner consistent with their beliefs on contraception and abortion.
How do Americans now know that Obama is such an ignoramus? Obama does not know the USSR had a socialist government like the kind Obama adores and slaughtered millions of their own people and they were ultimately forced by starvation to return to Free Enterprise. Obama does not know Hitler brought Germany, National Socialism and slaughtered millions of his own people and caused a world war that flattened Germany. Obama does not know Eastern Europe was once run by international socialist that were forced by starvation to return to Free Enterprise. . Obama does not know the Cambodia’s Pot Pol regime was a lunatic left socialist government that slaughtered millions of their own people and they were forced by starvation to cease and desist. Obama does not know Mao was an international socialist and slaughtered millions of his own people and caused mass starvation until the Chinese started re-introducing free enterprise. Obama does not know North Korea is international socialist and starved three million of their own people and recently promised to stop nuclear proliferation if Americans just send them food. Obama does not know that the Moslems have religious socialist governments where they slaughter non-Moslems, degrade and disfigure their women, and still legally take nine year old girls as brides. Obama was so stupid he actually had his staff say that China’s new free enterprise was central planning. That is how Americans know that Obama is such an ignoramus.
Rassmussen finds 98.4% of the people who support Obama socialism are illegals and morons. They are definitely morons but don’t have the papers to prove it. 1.6% have CPUSA papers to prove it (CP = communist party). They need to turn off MSNBC/Pravda and listen to Rush Limbaugh and Fox News if they wish to be able to think clearly again.
Eric Holden and Hussein Obama are the architects of the American voter fraud that is needed to get them elected.
http://dailyrushbo.com/limbaugh-okeefes-holder-voter-fraud-video-a-profound-embarrassment/
A new Rasmussen Reports Romney is holding his lead over Obama. In a hypothetical Election 2012 matchup, presumptive Republican nominee Mitt Romney earns 48% of the vote, while President Obama attracts support from 44%. Republicans continue to enjoy a five-point advantage over Democrats on the Generic Congressional Ballot to take the Senate and House in 2012.
http://www.rasmussenreports.com/public_content/politics/obama_administration/daily_presidential_tracking_poll
World market
Idiot French Socialist Francois Hollande said the European Central Bank could have prevented the Greek debt crisis had it “massively” bought all the Greek bad debt at the outset. That is the problem with all well meaning idiots who are attracted to socialism. They help people today by borrowing from and mortgaging taxpayers well into the future until they run out of fools to borrow from and hard working victims to tax more. Eventually every intelligent person who survives the socialist’s taxation realizes he or she needs a little private garden to save themselves from starvation. Starvation pervades the entire socialist world. Africans are starving now because they are run by socialist idiots. As soon as they run out of oil the entire Arab-speaking world will be starving just as Moslem northern Africa is already starving.
“The U.S. and China economies are in limbo,” said Koji Toda, chief fund manager at Resona Bank Ltd. in Tokyo. Asian stocks fell, with the regional benchmark index headed for its biggest drop in two weeks, after the cost of insuring against a Spanish default climbed and U.S. consumer confidence dropped, threatening exports.
The austerity policies, which helped U.K. reduce debt and beat world peers in 2011, have put the bond market and the economy on the brink of a recession with borrowing needs approaching record levels.
The Euro region’s trade surplus narrowed as EU officials’ request a bigger US global war chest to combat the debt crisis as Spain’s government battles to quell renewed market turmoil and bankruptcy. Sweden now teeters on the brink of a recession.
Anders Behring Breivik claimed self-defense for each of the 77 killings of Moslems in Norway.
Most national stock markets are on one, five and twelve-year head-and-shoulders sell areas. Germany’s market is losing steam. To see the megatrend look back to 1995. Asian stocks fell, with the regional benchmark index headed for its biggest drop in almost two weeks, after the cost of insuring against a Spanish default climbed and U.S. consumer confidence dropped, clouding the earnings outlook for Asia’s exporters.
http://finance.yahoo.com/echarts?s=%5EGDAXI+Interactive#symbol=^gdaxi;range=my;compare=;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined;
The Swiss are still lower than last year’s high with a mega-trend decline. Choose max years http://finance.yahoo.com/echarts?s=%5ESSMI+Interactive#symbol=^ssmi;range=my;compare=;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined;
China has been declining for more than a year now. Chinese inflation data disappointed, with March consumer price index rising 3.6%.
http://finance.yahoo.com/echarts?s=000001.SS+Interactive#symbol=000001.ss;range=my;compare=;indicator=ema(100,200)+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.
http://finance.yahoo.com/echarts?s=^BVSP+Interactive#symbol=^bvsp;range=5y;compare=;indicator=ema(100,200)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined;
American Economy
Obama shovel ready bullshit economic data 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 in a hidden “revision” so he can fraudulently report good news the next month.
Last Week
Wholesale Inventories Feb rose 1.1% after rising 0.4% last month for an increase of 175% (1.1/0.4). That is very bad because it means American production will have to be reduced. Obama as usual manipulated the data. He raised the inventory number last month (by 0.2%) after it was reported. He then reduced the published increase by 0.2%. It still was a bad report but says it only increased 50% (0.9/0.6) from 0.6% to 0.9% not almost tripling as was the truth.
MBA Mortgage Index 04/07 -2.4% very bad 4.8% says housing is floundering again
Export Prices ex-ag. Mar 0.5% increased again 0.5% not good
Import Prices ex-oil Mar 0.5% up 0.6% because doctored the old numbers to 0.0%from-0.1%last time.
Crude Inventories 04/07 2.791M plummeted from 9.1M indicating prices will rise again
Treasury Budget Mar -$198.2B deficit increased from -$188.2B last month.
Initial Claims 04/07reported as 380K vs 367K but with Obamafraud removed is a horrible 390K vs 357K
(Obama increased 357 to 367 and reduced 390 to 380 by moving 10K of the increase back to last week. That is pure Obama/USSR reporting fraud)
Continuing Claims 03/31 reported as 3251K 3338K but with Obamafraud removed is 3262K 3338K still down a big chunk as people give up looking for work and join the welfare society.
PPI Mar reported as 0.0% 0.3% but with Obamafraud removed is -0.1% down from 0.4%…a big drop in producer prices
Core PPI Mar 0.3% vs 0.2% says the drop is temporary because the core is rising.
Trade Balance Feb -$46.0B vs -$52.6B actually says we lost less with trade this time
The CPI Mar 0.3% down from 0.4%
The Core CPI Mar 0.2% up from 0.1%
Mich Sentiment Apr 75.7 dropped from 76.2
This week
Apr 16 8:30 AM Retail Sales Mar
Apr 16 8:30 AM Retail Sales ex-auto Mar
Apr 16 8:30 AM Empire Manufacturing Apr
Apr 16 9:00 AM Net Long-Term TIC Flows Feb
Apr 16 10:00 AM Business Inventories Feb
Apr 16 10:00 AM NAHB Housing Market Index Apr
Apr 17 8:30 AM Housing Starts Mar
Apr 17 8:30 AM Building Permits Mar
Apr 17 9:15 AM Industrial Production Mar
Apr 17 9:15 AM Capacity Utilization Mar
Apr 18 7:00 AM MBA Mortgage Index 04/14
Apr 18 10:30 AM Crude Inventories 04/14
Apr 19 8:30 AM Initial Claims 04/14
Apr 19 8:30 AM Continuing Claims 04/07
Apr 19 10:00 AM Existing Home Sales Mar
Apr 19 10:00 AM Philadelphia Fed Apr
Apr 19 10:00 AM Leading Indicators Mar
Market outlook April 16, 2012
Now the markets are again within 1% of breaking through their lower resistance levels. The Obama administration muddles through blaming everyone else for Obama's own stupidity. Last week the Obama administration disavowed a spokesperson for saying mothers who raise a family know nothing about America or the economy and Mitt Romney’s wife should therefore keep her mouth shut. Of course Obama’s wife was given a six figure job as soon as Obama got his wife’s employer a $2,000,000 grant and therefore she thinks she is qualified to tell us how the Obama economy redistributes wealth (to family and friends). Also Obama’s brother-in-law’s job was saved when Obama gave his school a multi-million-government grant. In most EU countries Obama would now be on trial for corruption and would be impeached. If the democrats lose the Senate, Obama should be put on trial next year to identify and reclaim all the $millions he misappropriated with his Nigeria style corruption. Obama’s motherland is Nigeria, the most corrupt country in the world. Indonesia is Obama’s second homeland and the third most corrupt nation.
No DOW rail confirmation means there is no DOW buy signal. Is looking like a head and shoulder sell signal forming in the Rails. We are a few days away from a complete breakdown of the market.
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 New York Stock exchange said the market has now breaking down worse than last August.
http://finance.yahoo.com/echarts?s=%5ENYA+Interactive#symbol=^nya;range=1y;compare=;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;
The VIX is on the rise now indicating the market will continue to fall for a few weeks. 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 languishing meaning China could implode soon.
http://www.bloomberg.com/quote/BDIY:IND/chart
Stock market update:
Asian Stock markets were down last night. China down - 0.1%, Hong Kong down – 0.5%, India up 0.3%, S. Korea down –0.8%, and Japan down - 1.7%.
European markets are down today in a range of +0.8% to –1.6% half way through their day.
American market futures are up about 0.3% in after hour trading at 8 AM EST.
Eleven of Obama’s Secret Service agents became the center of attention at the sixth Summit of the Americas after they were expelled for misconduct involving prostitution. The incidents occurred in the Caribbean city of Cartagena was supposed to focus on trade in the Western Hemisphere. Instead it was a wonderful vacation retreat for Obama while it lasted.
During the 1994 election President Clinton silenced the free speech and harassed evangelicals by threatening to tax them if they made any political statements. Obama and Holden now think they can shut down Catholic hospitals that refuse to do abortions and Catholic universities that do not provide contraceptives to students. American taxpayers are forced to pay for the abortions and contraceptives by the lunatic left. The bishops said, “We have been staunch defenders of religious liberty in the past. We have a solemn duty to discharge that duty today,” the bishops said in the document”. Religious liberty is under attack, by Obama who lied when he swore to uphold the US Constitution. That is another reason Obama is not a legitimate US President and should be impeached. Obama refuses to enforcement of the American Constitution and our established laws. The Executive Branch is required by the American Constitution to enforce all of America's laws. Obviously Obama does not even consider himself to be and therefore is not a legitimate American president. An astute observer has said, ”To the Russian and Nazi socialists, economic crises were essential to their power grabs. But to the idiots Holder and Obama the Americans will respond to their manufactured crises by kicking their asses out of office.”
http://www.usccb.org/issues-and-action/religious-liberty/our-first-most-cherished-liberty.cfm
The document lists concerns that prompt the bishops to act now. Among concerns are:
• The Health and Human Services (HHS) mandate forcing all employers, including religious organizations, to provide and pay for coverage of employees’ contraception, sterilization, and abortion-inducing drugs even when they have moral objections to them. Another concern is HHS’s defining which religious institutions are “religious enough” to merit protection of their religious liberty.
• Driving Catholic foster care and adoption services out of business. Boston, San Francisco, the District of Columbia and Illinois have driven local Catholic Charities adoption or foster care services out of business by revoking their licenses, by ending their government contracts, or both—because those Charities refused to place children with same-sex couples or unmarried opposite-sex couples who cohabit.
• Discrimination against Catholic humanitarian services. Despite years of excellent performance by the USCCB’s Migration and Refugee Services in administering contract services for victims of human trafficking, the federal government changed its contract specifications to require USCCB to provide or refer for contraceptive and abortion services in violation of Catholic teaching. Religious institutions should not be disqualified from a government contract based on religious belief, and they do not lose their religious identity or liberty upon entering such contracts. Recently, a federal court judge in Massachusetts turned religious liberty on its head when he declared that such a disqualification is required by the First Amendment—that the government violates religious liberty by allowing Catholic organizations to participate in contracts in a manner consistent with their beliefs on contraception and abortion.
How do Americans now know that Obama is such an ignoramus? Obama does not know the USSR had a socialist government like the kind Obama adores and slaughtered millions of their own people and they were ultimately forced by starvation to return to Free Enterprise. Obama does not know Hitler brought Germany, National Socialism and slaughtered millions of his own people and caused a world war that flattened Germany. Obama does not know Eastern Europe was once run by international socialist that were forced by starvation to return to Free Enterprise. . Obama does not know the Cambodia’s Pot Pol regime was a lunatic left socialist government that slaughtered millions of their own people and they were forced by starvation to cease and desist. Obama does not know Mao was an international socialist and slaughtered millions of his own people and caused mass starvation until the Chinese started re-introducing free enterprise. Obama does not know North Korea is international socialist and starved three million of their own people and recently promised to stop nuclear proliferation if Americans just send them food. Obama does not know that the Moslems have religious socialist governments where they slaughter non-Moslems, degrade and disfigure their women, and still legally take nine year old girls as brides. Obama was so stupid he actually had his staff say that China’s new free enterprise was central planning. That is how Americans know that Obama is such an ignoramus.
Rassmussen finds 98.4% of the people who support Obama socialism are illegals and morons. They are definitely morons but don’t have the papers to prove it. 1.6% have CPUSA papers to prove it (CP = communist party). They need to turn off MSNBC/Pravda and listen to Rush Limbaugh and Fox News if they wish to be able to think clearly again.
Eric Holden and Hussein Obama are the architects of the American voter fraud that is needed to get them elected.
http://dailyrushbo.com/limbaugh-okeefes-holder-voter-fraud-video-a-profound-embarrassment/
A new Rasmussen Reports Romney is holding his lead over Obama. In a hypothetical Election 2012 matchup, presumptive Republican nominee Mitt Romney earns 48% of the vote, while President Obama attracts support from 44%. Republicans continue to enjoy a five-point advantage over Democrats on the Generic Congressional Ballot to take the Senate and House in 2012.
http://www.rasmussenreports.com/public_content/politics/obama_administration/daily_presidential_tracking_poll
World market
Idiot French Socialist Francois Hollande said the European Central Bank could have prevented the Greek debt crisis had it “massively” bought all the Greek bad debt at the outset. That is the problem with all well meaning idiots who are attracted to socialism. They help people today by borrowing from and mortgaging taxpayers well into the future until they run out of fools to borrow from and hard working victims to tax more. Eventually every intelligent person who survives the socialist’s taxation realizes he or she needs a little private garden to save themselves from starvation. Starvation pervades the entire socialist world. Africans are starving now because they are run by socialist idiots. As soon as they run out of oil the entire Arab-speaking world will be starving just as Moslem northern Africa is already starving.
“The U.S. and China economies are in limbo,” said Koji Toda, chief fund manager at Resona Bank Ltd. in Tokyo. Asian stocks fell, with the regional benchmark index headed for its biggest drop in two weeks, after the cost of insuring against a Spanish default climbed and U.S. consumer confidence dropped, threatening exports.
The austerity policies, which helped U.K. reduce debt and beat world peers in 2011, have put the bond market and the economy on the brink of a recession with borrowing needs approaching record levels.
The Euro region’s trade surplus narrowed as EU officials’ request a bigger US global war chest to combat the debt crisis as Spain’s government battles to quell renewed market turmoil and bankruptcy. Sweden now teeters on the brink of a recession.
Anders Behring Breivik claimed self-defense for each of the 77 killings of Moslems in Norway.
Most national stock markets are on one, five and twelve-year head-and-shoulders sell areas. Germany’s market is losing steam. To see the megatrend look back to 1995. Asian stocks fell, with the regional benchmark index headed for its biggest drop in almost two weeks, after the cost of insuring against a Spanish default climbed and U.S. consumer confidence dropped, clouding the earnings outlook for Asia’s exporters.
http://finance.yahoo.com/echarts?s=%5EGDAXI+Interactive#symbol=^gdaxi;range=my;compare=;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined;
The Swiss are still lower than last year’s high with a mega-trend decline. Choose max years http://finance.yahoo.com/echarts?s=%5ESSMI+Interactive#symbol=^ssmi;range=my;compare=;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined;
China has been declining for more than a year now. Chinese inflation data disappointed, with March consumer price index rising 3.6%.
http://finance.yahoo.com/echarts?s=000001.SS+Interactive#symbol=000001.ss;range=my;compare=;indicator=ema(100,200)+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.
http://finance.yahoo.com/echarts?s=^BVSP+Interactive#symbol=^bvsp;range=5y;compare=;indicator=ema(100,200)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined;
American Economy
Obama shovel ready bullshit economic data 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 in a hidden “revision” so he can fraudulently report good news the next month.
Last Week
Wholesale Inventories Feb rose 1.1% after rising 0.4% last month for an increase of 175% (1.1/0.4). That is very bad because it means American production will have to be reduced. Obama as usual manipulated the data. He raised the inventory number last month (by 0.2%) after it was reported. He then reduced the published increase by 0.2%. It still was a bad report but says it only increased 50% (0.9/0.6) from 0.6% to 0.9% not almost tripling as was the truth.
MBA Mortgage Index 04/07 -2.4% very bad 4.8% says housing is floundering again
Export Prices ex-ag. Mar 0.5% increased again 0.5% not good
Import Prices ex-oil Mar 0.5% up 0.6% because doctored the old numbers to 0.0%from-0.1%last time.
Crude Inventories 04/07 2.791M plummeted from 9.1M indicating prices will rise again
Treasury Budget Mar -$198.2B deficit increased from -$188.2B last month.
Initial Claims 04/07reported as 380K vs 367K but with Obamafraud removed is a horrible 390K vs 357K
(Obama increased 357 to 367 and reduced 390 to 380 by moving 10K of the increase back to last week. That is pure Obama/USSR reporting fraud)
Continuing Claims 03/31 reported as 3251K 3338K but with Obamafraud removed is 3262K 3338K still down a big chunk as people give up looking for work and join the welfare society.
PPI Mar reported as 0.0% 0.3% but with Obamafraud removed is -0.1% down from 0.4%…a big drop in producer prices
Core PPI Mar 0.3% vs 0.2% says the drop is temporary because the core is rising.
Trade Balance Feb -$46.0B vs -$52.6B actually says we lost less with trade this time
The CPI Mar 0.3% down from 0.4%
The Core CPI Mar 0.2% up from 0.1%
Mich Sentiment Apr 75.7 dropped from 76.2
This week
Apr 16 8:30 AM Retail Sales Mar
Apr 16 8:30 AM Retail Sales ex-auto Mar
Apr 16 8:30 AM Empire Manufacturing Apr
Apr 16 9:00 AM Net Long-Term TIC Flows Feb
Apr 16 10:00 AM Business Inventories Feb
Apr 16 10:00 AM NAHB Housing Market Index Apr
Apr 17 8:30 AM Housing Starts Mar
Apr 17 8:30 AM Building Permits Mar
Apr 17 9:15 AM Industrial Production Mar
Apr 17 9:15 AM Capacity Utilization Mar
Apr 18 7:00 AM MBA Mortgage Index 04/14
Apr 18 10:30 AM Crude Inventories 04/14
Apr 19 8:30 AM Initial Claims 04/14
Apr 19 8:30 AM Continuing Claims 04/07
Apr 19 10:00 AM Existing Home Sales Mar
Apr 19 10:00 AM Philadelphia Fed Apr
Apr 19 10:00 AM Leading Indicators Mar
Market outlook April 16, 2012
Now the markets are again within 1% of breaking through their lower resistance levels. The Obama administration muddles through blaming everyone else for Obama's own stupidity. Last week the Obama administration disavowed a spokesperson for saying mothers who raise a family know nothing about America or the economy and Mitt Romney’s wife should therefore keep her mouth shut. Of course Obama’s wife was given a six figure job as soon as Obama got his wife’s employer a $2,000,000 grant and therefore she thinks she is qualified to tell us how the Obama economy redistributes wealth (to family and friends). Also Obama’s brother-in-law’s job was saved when Obama gave his school a multi-million-government grant. In most EU countries Obama would now be on trial for corruption and would be impeached. If the democrats lose the Senate, Obama should be put on trial next year to identify and reclaim all the $millions he misappropriated with his Nigeria style corruption. Obama’s motherland is Nigeria, the most corrupt country in the world. Indonesia is Obama’s second homeland and the third most corrupt nation.
No DOW rail confirmation means there is no DOW buy signal. Is looking like a head and shoulder sell signal forming in the Rails. We are a few days away from a complete breakdown of the market.
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 New York Stock exchange said the market has now breaking down worse than last August.
http://finance.yahoo.com/echarts?s=%5ENYA+Interactive#symbol=^nya;range=1y;compare=;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;
The VIX is on the rise now indicating the market will continue to fall for a few weeks. 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 languishing meaning China could implode soon.
http://www.bloomberg.com/quote/BDIY:IND/chart
Stock market update:
Asian Stock markets were down last night. China down - 0.1%, Hong Kong down – 0.5%, India up 0.3%, S. Korea down –0.8%, and Japan down - 1.7%.
European markets are down today in a range of +0.8% to –1.6% half way through their day.
American market futures are up about 0.3% in after hour trading at 8 AM EST.
Wednesday, April 11, 2012
The New York Stock exchange said the market has now breaking down worse than last August
The New York Stock exchange said the market has now breaking down worse than last August.
Piggy parasites like Buffet and Soros support Obama and are cheating the American people. It has nothing to do with fair taxes it has everything to do with liberals who use Obama’s tax loopholes. U.S. House Budget Committee Chairman Paul Ryan said tax breaks for the parasites should be reduced as part of an overhaul of the nation’s tax code. “We should ask: Who should get them?” Ryan, a Wisconsin Republican, said yesterday in an interview with Bloomberg View in New York. The socialists would like to eliminate the deduction for charitable giving so that the socialists can punish the churches who get no government handouts while artists that use human feces for catholic icons get public funds. The socialists want good artists and community groups to have to beg for government handouts so the socialists can punish them if they do not support bigger government.
Warren Buffet was called a little piggy Tuesday on MSNBC for his using an insurance structure to avoid paying taxes. They said little piggy Warren Buffet talks a good game about fairness but then like a little piggy he brags about how smart he is in being a major world piggy parasite like George Soros cheating the American people. He brags he pays fewer taxes than his secretary does. It has nothing to do with fair taxes it has everything to do with liberals who have Obama tax loopholes they use. Overseas it is so much easier to cheat. There they have divisions of their companies that are not even on the books. It is called the underground economy and they ship all around the world with fake cargo slips... two or three times what they claim. The Mafia is said to be 90% underground economy and pay their taxes on 10% of their business.
Obama lies when he compares his depression to the great depression. The stock market dropped 85% in the great depression. The Obama stock market was no worse than Reagan stock market except Reagan was a capitalist and knew how to grow an economy. Obama is just another socialist parasite who wants a bigger more expensive government.
Eric Holden and Hussein Obama are the architects of the American voter fraud needed to get them elected. Vote early and often is the motto of Putin, Holden, and Obama.
http://dailyrushbo.com/limbaugh-okeefes-holder-voter-fraud-video-a-profound-embarrassment/
The fraudulent Obama 18% lead with woman apparently last week. Only Obama idiots can believe that because it implies now that about 22% of men think Obama is a stinking liar and will vote for Romney.
In a hypothetical Election 2012 matchup, President Obama and Mitt Romney are now tied at 45%. Matchup results are updated daily at 9:30 a.m. Eastern.
http://www.rasmussenreports.com/public_content/politics/obama_administration/daily_presidential_tracking_poll
The sting itself is not voter fraud but it just shows how easy voter fraud is. Idiots who support Holden and Obama are so clueless they do not understand just how easy it is to commit voter fraud now that Holden and Obama make it easy to steal your vote and just as easy to rob you blind as they are doing with the massive Holden and Obama medical fraud going on continuously.
http://mediamatters.org/blog/201204090013
Health-Care fraud cases filed by U.S. rose 69% to record, researchers say
http://www.bloomberg.com/news/2011-12-14/health-care-fraud-cases-filed-by-u-s-rose-69-to-record-researchers-say.html
Last week Obama’s illegal alien uncle was arrested again in Boston for drunk driving. http://www.warriorsfortruth.com/obama-uncle-illegal-alien-dui.html
http://bostonherald.com/news/regional/view/20220403uncle_obama_on_the_roads_again_rmv_approves_hardship_license
Obama fraud and racism spreads across America as a diversion from Obama’s failed socialism and his corruption of science and energy research. This past week the three major leftist lame lunatic news sources all admitted doctoring evidence to make George Zimmerman look like an assailant when he was the victim. Good thing they admitted it before the lynching started.
http://www.ibtimes.com/articles/324402/20120405/nbc-apology-911-call-trayvon-martin-zimmerman.htm http://www.theblaze.com/stories/cnn-enhances-zimmerman-911-call-again-and-reporter-now-doubts-racial-slur-used/
http://www.scrippsnews.com/node/68495
http://www.wgmd.com/?p=52758
Obama socialism is destroying free enterprise. Obama refuses to enforcement of the American Constitution and established laws. The Executive Branch is required by the American Constitution to enforce all of America's laws. Obviously Obama does not consider himself to be and therefore is not a legitimate American president. An astute observer has said, ”To the Russian and Nazi socialists, economic crises were essential to their power grabs. To the idiots Holder and Obama the Americans will respond to their crises by kicking their asses out of office.”
World market
China’s Communist Party moved to show unity after suspending Bo Xilai from the ruling Politburo and declaring his wife a murder suspect, ordering the nation’s more than 80 million party members to back the decision. China’s central television station read the charges against Gu Kailai, Bo’s wife, every hour on the hour, detailing how she had been arrested on suspicion of murdering British businessman Neil Heywood in Chongqing and immediately cremating his body to destroy the evidence. A commentary on the front page of today’s People’s Daily, urged cadres to “firmly support the correct decision” to investigate Bo.
http://www.bloomberg.com/news/2012-04-10/china-s-bo-xilai-ousted-from-top-party-committees-reuters-says.html
European Central Bank Executive Board member Benoit Coeure suggested that the bank is already supporting Spain and Italy bond-purchase program to reduce their borrowing costs. “Market conditions are not justified,” Coeure said at an event in Paris today. But Prime Minister Mariano Rajoy said Spain’s future is on the line in its battle to tame surging bond yields, as the head of the nation’s second-largest region proposed the government cut costs instead.
The membership of a special EU committee to investigate organized crime, corruption and money laundering, and recommend measures to tackle them was approved by Parliament on Thursday. The committee will have a one-year mandate and is to start work by the end of April 2012.
The Medicine Producers and Importers Union (MPI Union) of Armenia demands tightening of laws that regulate import and export of drugs, head of the Union, Samuel Zakaryan told a press conference on March 29. The Obama type laxity “On approval of import and export of drugs” passed by the government back in March 2011, resulted in emergence of counterfeit medicines such as Actovegin Forte, and Concor.
A fraud investigation into the health system is currently carried forward in the three Italian provinces of Campania, Tuscany and Piedmont, and has resulted in yielded 13 arrests and more than 40 searches in the houses of doctors and healthcare providers working in hospitals and private clinics. The investigation in Naples led to the arrest of a well-known surgeon, head of orthopedics at the Cardarelli hospital.
A Swiss pharmaceutical company has been implicated in the supply of a fake cancer drug Avastatin sold in the US. According to the US Food and Drugs Administration (FDA) the medication did not contain one of the active ingredients and was thus dangerous as well as ineffective.
There are growing signs of spying on U.S. universities and it is alarming national security officials. As schools become more global in their locations and student populations, their culture of openness and international collaboration makes them increasingly vulnerable to theft of research conducted for the government and industry. “We have intelligence and cases indicating that U.S. universities are indeed a target of foreign intelligence services,” said Frank Figliuzzi, Federal Bureau of Investigation assistant director for counterintelligence.
All the global stock markets are giving one year, seven-year and twelve-year peak to peak sell signals. Germany’s market is losing steam in a 12-year mega-trend decline. To see the megatrend look back to 1995.
http://finance.yahoo.com/echarts?s=%5EGDAXI+Interactive#symbol=^gdaxi;range=my;compare=;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined;
The Swiss are still lower than last year’s high with a mega-trend decline. Choose max years http://finance.yahoo.com/echarts?s=%5ESSMI+Interactive#symbol=^ssmi;range=my;compare=;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 12-year mea-trend decline.
http://finance.yahoo.com/echarts?s=^BVSP+Interactive#symbol=^bvsp;range=5y;compare=;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 in a hidden “revision” so he can fraudulently report good news the next month.
Last Friday
Nonfarm Payrolls Mar 120K sharply lower than 227K last month
Nonfarm Private Payrolls Mar 121K sharply lower than 233K last month
Unemployment Rate Mar 8.2% down from 8.3% more Obamabull
Yesterday
Wholesale Inventories Feb rose 1.1% after rising 0.4% last month for an increase of 175% (1.1/0.4). That is very bad because it means American production will have to be reduced. Obama as usual manipulated the data. He raised the inventory number last month (by 0.2%) after it was reported. He then reduced the published increase by 0.2%. It still was a bad report but says it only increased 50% (0.9/0.6) from 0.6% to 0.9% not almost tripling as was the truth.
This week Apr 11 7:00 AM MBA Mortgage Index 04/07
Apr 11 8:30 AM Export Prices ex-ag. Mar
Apr 11 8:30 AM Import Prices ex-oil Mar
Apr 11 10:30 AM Crude Inventories 04/07
Apr 11 2:00 PM Treasury Budget Mar
Apr 11 2:00 PM Fed's Beige Book Apr
Apr 12 8:30 AM Initial Claims 04/07
Apr 12 8:30 AM Continuing Claims 03/31
Apr 12 8:30 AM PPI Mar
Apr 12 8:30 AM Core PPI Mar
Apr 12 8:30 AM Trade Balance Feb
Apr 13 8:30 AM CPI Mar
Apr 13 8:30 AM Core CPI Mar
Apr 13 9:55 AM Mich Sentiment Apr
Market outlook April 11, 2012
Warm weather in the USA helped America while freezing weather in Europe and Asia hurt them making Obama fools think the American economy will lead the world out of Obama’s great depression. Obama says it is a great depression because it is a great opportunity to phase out American free enterprise and increase government fraud. Fraud is a basic component of wealth redistribution in Socialist countries. Some parts of Greece and Italy are underground economies.
The stock markets again could not break their upper resistance levels. Now the markets are within 1.5% of breaking through the lower resistance levels.
The DOW rails still do not confirm the last DOW industrial’s rise and are even lower now. No rail confirmation means there is no DOW buy signal. In fact it is looking like a head and shoulder sell signal forming worse in the Rails. The rails stopped exactly at their previous low of 5088.13. Check that out. The rails broke through the 100 MA resistance level and stopped short of a clear sell signal. It is the like last August all over again the day before the market broke down. 5060-5090 is the breakdown level for the rails.
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 New York Stock exchange said the market has now breaking down worse than last August.
http://finance.yahoo.com/echarts?s=%5ENYA+Interactive#symbol=^nya;range=1y;compare=;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=off;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 down sharply again last night. China up 0.1%, Hong Kong down –1.1%, India down -0.3%, Seoul down –2.7%, and Japan down –0.8%.
European markets are up today in a range of 0.1% to 1.5% half way through their day with Greece an outlier.
American market futures are up about 0.7% in after hour trading at 8 AM EST.
Piggy parasites like Buffet and Soros support Obama and are cheating the American people. It has nothing to do with fair taxes it has everything to do with liberals who use Obama’s tax loopholes. U.S. House Budget Committee Chairman Paul Ryan said tax breaks for the parasites should be reduced as part of an overhaul of the nation’s tax code. “We should ask: Who should get them?” Ryan, a Wisconsin Republican, said yesterday in an interview with Bloomberg View in New York. The socialists would like to eliminate the deduction for charitable giving so that the socialists can punish the churches who get no government handouts while artists that use human feces for catholic icons get public funds. The socialists want good artists and community groups to have to beg for government handouts so the socialists can punish them if they do not support bigger government.
Warren Buffet was called a little piggy Tuesday on MSNBC for his using an insurance structure to avoid paying taxes. They said little piggy Warren Buffet talks a good game about fairness but then like a little piggy he brags about how smart he is in being a major world piggy parasite like George Soros cheating the American people. He brags he pays fewer taxes than his secretary does. It has nothing to do with fair taxes it has everything to do with liberals who have Obama tax loopholes they use. Overseas it is so much easier to cheat. There they have divisions of their companies that are not even on the books. It is called the underground economy and they ship all around the world with fake cargo slips... two or three times what they claim. The Mafia is said to be 90% underground economy and pay their taxes on 10% of their business.
Obama lies when he compares his depression to the great depression. The stock market dropped 85% in the great depression. The Obama stock market was no worse than Reagan stock market except Reagan was a capitalist and knew how to grow an economy. Obama is just another socialist parasite who wants a bigger more expensive government.
Eric Holden and Hussein Obama are the architects of the American voter fraud needed to get them elected. Vote early and often is the motto of Putin, Holden, and Obama.
http://dailyrushbo.com/limbaugh-okeefes-holder-voter-fraud-video-a-profound-embarrassment/
The fraudulent Obama 18% lead with woman apparently last week. Only Obama idiots can believe that because it implies now that about 22% of men think Obama is a stinking liar and will vote for Romney.
In a hypothetical Election 2012 matchup, President Obama and Mitt Romney are now tied at 45%. Matchup results are updated daily at 9:30 a.m. Eastern.
http://www.rasmussenreports.com/public_content/politics/obama_administration/daily_presidential_tracking_poll
The sting itself is not voter fraud but it just shows how easy voter fraud is. Idiots who support Holden and Obama are so clueless they do not understand just how easy it is to commit voter fraud now that Holden and Obama make it easy to steal your vote and just as easy to rob you blind as they are doing with the massive Holden and Obama medical fraud going on continuously.
http://mediamatters.org/blog/201204090013
Health-Care fraud cases filed by U.S. rose 69% to record, researchers say
http://www.bloomberg.com/news/2011-12-14/health-care-fraud-cases-filed-by-u-s-rose-69-to-record-researchers-say.html
Last week Obama’s illegal alien uncle was arrested again in Boston for drunk driving. http://www.warriorsfortruth.com/obama-uncle-illegal-alien-dui.html
http://bostonherald.com/news/regional/view/20220403uncle_obama_on_the_roads_again_rmv_approves_hardship_license
Obama fraud and racism spreads across America as a diversion from Obama’s failed socialism and his corruption of science and energy research. This past week the three major leftist lame lunatic news sources all admitted doctoring evidence to make George Zimmerman look like an assailant when he was the victim. Good thing they admitted it before the lynching started.
http://www.ibtimes.com/articles/324402/20120405/nbc-apology-911-call-trayvon-martin-zimmerman.htm http://www.theblaze.com/stories/cnn-enhances-zimmerman-911-call-again-and-reporter-now-doubts-racial-slur-used/
http://www.scrippsnews.com/node/68495
http://www.wgmd.com/?p=52758
Obama socialism is destroying free enterprise. Obama refuses to enforcement of the American Constitution and established laws. The Executive Branch is required by the American Constitution to enforce all of America's laws. Obviously Obama does not consider himself to be and therefore is not a legitimate American president. An astute observer has said, ”To the Russian and Nazi socialists, economic crises were essential to their power grabs. To the idiots Holder and Obama the Americans will respond to their crises by kicking their asses out of office.”
World market
China’s Communist Party moved to show unity after suspending Bo Xilai from the ruling Politburo and declaring his wife a murder suspect, ordering the nation’s more than 80 million party members to back the decision. China’s central television station read the charges against Gu Kailai, Bo’s wife, every hour on the hour, detailing how she had been arrested on suspicion of murdering British businessman Neil Heywood in Chongqing and immediately cremating his body to destroy the evidence. A commentary on the front page of today’s People’s Daily, urged cadres to “firmly support the correct decision” to investigate Bo.
http://www.bloomberg.com/news/2012-04-10/china-s-bo-xilai-ousted-from-top-party-committees-reuters-says.html
European Central Bank Executive Board member Benoit Coeure suggested that the bank is already supporting Spain and Italy bond-purchase program to reduce their borrowing costs. “Market conditions are not justified,” Coeure said at an event in Paris today. But Prime Minister Mariano Rajoy said Spain’s future is on the line in its battle to tame surging bond yields, as the head of the nation’s second-largest region proposed the government cut costs instead.
The membership of a special EU committee to investigate organized crime, corruption and money laundering, and recommend measures to tackle them was approved by Parliament on Thursday. The committee will have a one-year mandate and is to start work by the end of April 2012.
The Medicine Producers and Importers Union (MPI Union) of Armenia demands tightening of laws that regulate import and export of drugs, head of the Union, Samuel Zakaryan told a press conference on March 29. The Obama type laxity “On approval of import and export of drugs” passed by the government back in March 2011, resulted in emergence of counterfeit medicines such as Actovegin Forte, and Concor.
A fraud investigation into the health system is currently carried forward in the three Italian provinces of Campania, Tuscany and Piedmont, and has resulted in yielded 13 arrests and more than 40 searches in the houses of doctors and healthcare providers working in hospitals and private clinics. The investigation in Naples led to the arrest of a well-known surgeon, head of orthopedics at the Cardarelli hospital.
A Swiss pharmaceutical company has been implicated in the supply of a fake cancer drug Avastatin sold in the US. According to the US Food and Drugs Administration (FDA) the medication did not contain one of the active ingredients and was thus dangerous as well as ineffective.
There are growing signs of spying on U.S. universities and it is alarming national security officials. As schools become more global in their locations and student populations, their culture of openness and international collaboration makes them increasingly vulnerable to theft of research conducted for the government and industry. “We have intelligence and cases indicating that U.S. universities are indeed a target of foreign intelligence services,” said Frank Figliuzzi, Federal Bureau of Investigation assistant director for counterintelligence.
All the global stock markets are giving one year, seven-year and twelve-year peak to peak sell signals. Germany’s market is losing steam in a 12-year mega-trend decline. To see the megatrend look back to 1995.
http://finance.yahoo.com/echarts?s=%5EGDAXI+Interactive#symbol=^gdaxi;range=my;compare=;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined;
The Swiss are still lower than last year’s high with a mega-trend decline. Choose max years http://finance.yahoo.com/echarts?s=%5ESSMI+Interactive#symbol=^ssmi;range=my;compare=;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 12-year mea-trend decline.
http://finance.yahoo.com/echarts?s=^BVSP+Interactive#symbol=^bvsp;range=5y;compare=;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 in a hidden “revision” so he can fraudulently report good news the next month.
Last Friday
Nonfarm Payrolls Mar 120K sharply lower than 227K last month
Nonfarm Private Payrolls Mar 121K sharply lower than 233K last month
Unemployment Rate Mar 8.2% down from 8.3% more Obamabull
Yesterday
Wholesale Inventories Feb rose 1.1% after rising 0.4% last month for an increase of 175% (1.1/0.4). That is very bad because it means American production will have to be reduced. Obama as usual manipulated the data. He raised the inventory number last month (by 0.2%) after it was reported. He then reduced the published increase by 0.2%. It still was a bad report but says it only increased 50% (0.9/0.6) from 0.6% to 0.9% not almost tripling as was the truth.
This week Apr 11 7:00 AM MBA Mortgage Index 04/07
Apr 11 8:30 AM Export Prices ex-ag. Mar
Apr 11 8:30 AM Import Prices ex-oil Mar
Apr 11 10:30 AM Crude Inventories 04/07
Apr 11 2:00 PM Treasury Budget Mar
Apr 11 2:00 PM Fed's Beige Book Apr
Apr 12 8:30 AM Initial Claims 04/07
Apr 12 8:30 AM Continuing Claims 03/31
Apr 12 8:30 AM PPI Mar
Apr 12 8:30 AM Core PPI Mar
Apr 12 8:30 AM Trade Balance Feb
Apr 13 8:30 AM CPI Mar
Apr 13 8:30 AM Core CPI Mar
Apr 13 9:55 AM Mich Sentiment Apr
Market outlook April 11, 2012
Warm weather in the USA helped America while freezing weather in Europe and Asia hurt them making Obama fools think the American economy will lead the world out of Obama’s great depression. Obama says it is a great depression because it is a great opportunity to phase out American free enterprise and increase government fraud. Fraud is a basic component of wealth redistribution in Socialist countries. Some parts of Greece and Italy are underground economies.
The stock markets again could not break their upper resistance levels. Now the markets are within 1.5% of breaking through the lower resistance levels.
The DOW rails still do not confirm the last DOW industrial’s rise and are even lower now. No rail confirmation means there is no DOW buy signal. In fact it is looking like a head and shoulder sell signal forming worse in the Rails. The rails stopped exactly at their previous low of 5088.13. Check that out. The rails broke through the 100 MA resistance level and stopped short of a clear sell signal. It is the like last August all over again the day before the market broke down. 5060-5090 is the breakdown level for the rails.
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 New York Stock exchange said the market has now breaking down worse than last August.
http://finance.yahoo.com/echarts?s=%5ENYA+Interactive#symbol=^nya;range=1y;compare=;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=off;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 down sharply again last night. China up 0.1%, Hong Kong down –1.1%, India down -0.3%, Seoul down –2.7%, and Japan down –0.8%.
European markets are up today in a range of 0.1% to 1.5% half way through their day with Greece an outlier.
American market futures are up about 0.7% in after hour trading at 8 AM EST.
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