Many people felt they had to vote for Obama to prove they weren’t racists. Now people have to vote for someone else in 2012 to prove they are not fools.
Let me get this straight . . . We're going to be "gifted" with a health care plan we are forced to purchase and fined if we don't, Which purportedly covers forty million more people, without adding a single new doctor, but provides for 16,000 new IRS agents, written by a committee whose chairman says he doesn't understand it, passed by a Congress that didn't read it but exempted themselves from it, and signed by a President who smokes, with funding administered by a treasury chief who fudged his own taxes, for which we'll be taxed for four years before any benefits take effect, by a government which has already bankrupted Social Security and Medicare, all to be overseen by a surgeon general who is obese, and financed by a country that's broke!!!!! 'What the hell could possibly go wrong?'—Donald Trump
An astute observer has said, ”To the Russian and Nazi socialists, economic crises were essential to their power grabs. To the idiots like Carter and Obama the Americans respond to their crises by kicking their asses out of office.”
http://pjmedia.com/zombie/2011/05/06/seiu-drops-mask-goes-full-commie/
Communists groups and Public Sector Union (SEIU) members march together chanting, "Legalization or Revolution" at Los Angeles May Day protest on 5/1/2011.
http://www.youtube.com/watch?v=UCBk9ip7AjE&noredirect=1
See American presidents in uniform at this site and read perceptive comments such as “Oba’Mao is light years ahead of Carter in suckitude.” or “What military uniform is Obeyme in?”
http://iowntheworld.com/blog/?p=110347
Rush Limbaugh’s popularity rose an additional 10% to 50% in every region of America thanks to the Lunatic Leftist boycott. The firms that dropped their advertising have seen their sales plummet. The following companies march to the drumbeat of the leftist lunatics boycotting Rush Limbaugh and admit they support the Obama zombies who want taxpayers to pay for their Obamacontraceptive healthcare, Obama-marihuana healthcare, and Obama-therapeutic massages healthcare. They are Kohler (leaky faucets), Quicken liar Loans, Geico and Allstate rip-offs, GE/Pravda, Citrix, Carbonite, Legal Zoom, Sleep Numberdeadheads, Netflix antiquarians, Capital One Financial dunces, ProFlowers stinkers, AOL deadheds and, Sleep Train. The company “Media Matters” is leading the attack on Limbaugh’s Free Speech.
It has been reported that Premier Networks (run by Himmler, Mengele, and Stalin) has asked all their affiliated stations to pull all advertising from Rush Limbaugh, Mark Levin, Glenn Beck, Sean Hannity, Michael Savage, and Tom Leykis. See: http://www.topplebush.com/boycott_rush_contactinfo.shtml
The market is about to give a four-year sell signal and a twelve-year mega-sell signal. Obama declared an economic depression in 2007 and we got it because he needed it to win the election. Obama crying “wolf” saying Bush created a depression during his campaign psychologically pushed the world into a depression with the help of his buddy Senator Dodd who caused the first bank run of the Obama-Dodd-Frank liar loan meltdown. We need to dump Obama quickly just as we dumped Jimmy Carter.
Obama home liar loans, Obama corruption in the energy sector, Obama election fraud with no voter IDs... see how the corrupt Obama and stupid socialists are stealing our freedom! See how easy it is for Obama’s activist organizations like ACORN to load the ballot boxes for their lunatic left candidates. This is why voter I.D. is sorely needed. See how Obama and Al Franken get their votes the same way that Putin does it in Russia. See what Obama did all his life as a “community activist’ engaged in voter fraud.
http://www.youtube.com/watch_popup?v=GqMVxeZhflI&feature=player_embedded!
World market
China closed 16 websites and detained six people for spreading rumors of a coup attempt in Beijing
Euro-region unemployment rose to 10.8 percent (with 30hr work weeks and average 8wks vacation), the highest in more than 14 years and manufacturing contracted for an eighth month, adding to signs the economy probably slipped into a recession in the first quarter. That’s the highest since June 1997 and close to the record of 10.9 percent. Also Markit Economics said the manufacturing gauge, based on a survey of purchasing managers, fell to 47.7 in March from 49.
Efforts to resolve the two-year-old European debt crisis swung back to high gear as world leaders succumb again to doubts about their crisis response and to lure additional emergency aid from the USA World Bank transfusions and liquidity infusions. Portugal and Spain are now on life support too.
Spanish home prices are poised to decline 12 percent to 14 percent, the most on record this year, leaving one in four homeowners owing more than their properties are worth, as the government forces banks to sell real-estate holdings. Spain’s Prime Minister Mariano Rajoy unveiled the most austere budget since before the 1978 and Barcelona broke out in response with Greek style leftist lunatic destructive violence. Spain is likely the next EU country to default with 80% haircuts to investors. European bank shares plummeted today
All the global markets are giving sell signals. Germany’s market is losing steam in a 12-year mega-trend decline.
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 mega-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 week
Pending Home Sales Feb -0.5% collapsed from 2.0%
Case-Shiller 20-city Index Jan -3.8% down again from -4.0%
Consumer Confidence Mar 70.2 down again from 70.8
MBA Mortgage Index 03/24 -2.7% housing down again -7.4%
Durable Orders Feb 2.2% improved from -3.7% Obama Stalinist Manipulation
Durable Orders -ex Transportation Feb 1.6% improved from -3.2% Obama Stalinist Manipulation
Crude Inventories 03/24 7.102M ridiculous Obama data -1.160M
Initial Claims 03/24 359K Obama fraudulently reported down from 364K
Initial claims 03/24 359K but actually got worse from 348K
Continuing Claims 03/17 3340K don’t make sense from 3352K
GDP - Third Estimate Q4 3.0% no change from 3.0% -
GDP Deflator - Third Estimate Q4 0.9% no change from 0.9% which is 3.6% per year when the FED target is only 2.5%
Personal Income Feb 0.2% down from 0.3%
AM Personal Spending Feb 0.8% up sharply from 0.2%
PCE Prices - Core Feb 0.1% down from 0.2%
Chicago PMI Mar 62.2 down from 64.0
Michigan Socialist Sentiment - Final Mar 76.2 up from 74.3
This Week
Apr 2 10:00 AM ISM Index Mar
Apr 2 10:00 AM Construction Spending Feb
Apr 3 10:00 AM Factory Orders Feb
Apr 3 2:00 PM FOMC Minutes 3/13
Apr 3 2:00 PM Auto Sales Mar
Apr 3 2:00 PM Truck Sales Mar
Apr 4 7:00 AM MBA Mortgage Index 03/31
Apr 4 8:15 AM ADP Employment Change Mar
Apr 4 10:00 AM ISM Services Mar
Apr 4 10:30 AM Crude Inventories 03/31
Apr 5 7:30 AM Challenger Job Cuts Mar
Apr 5 8:30 AM Initial Claims 03/31
Apr 5 8:30 AM Continuing Claims 03/24 -
Apr 6 8:30 AM Nonfarm Payrolls Mar
Apr 6 8:30 AM Nonfarm Private Payrolls Mar
Apr 6 8:30 AM Unemployment Rate Mar
Apr 6 8:30 AM Hourly Earnings Mar
Apr 6 8:30 AM Average Workweek Mar
Apr 6 3:00 PM Consumer Credit Feb
Market outlook April 2, 2012
Apple is such a big profit distortion of S&P 500 earnings that the 4th quarter without Apple would have been only 3.0% instead of 6.1%. Hence the P/E ratio of the S&P 500 is actually double and is overvalued.
BlackBerry fans love the design of their phone. They praise its fast messaging features and, perhaps most of all, the tactile pleasure of typing on a real keyboard. BlackBerry fans come from all walks of life, from high-powered CEOs to freelance artists and students. They all have one thing in common: They can’t imagine a world without BlackBerrys.
Ford admits a 63% drop in Lincoln sales.
Federal Reserve Chairman Ben S. Bernanke warned last week that a U.S. economic recovery is non-existent and not even assured. This market is running on borrowed time.
The DOW rails still do not confirm the recent DOW industrial’s rise. No rail confirmation means there is no DOW buy signal. In fact it is looking like a head and shoulder sell signal forming. http://finance.yahoo.com/echarts?s=%5EDJT+Interactive#chart1:symbol=^djt;range=2y;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
The VIX shows record complacency. A sharp computer sell-off could end the current rally any moment now and trigger huge stop-losses.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=2y&l=on&z=m&q=l&c=
Baltic Dry Index is still indicating the worldwide recession is entrenched.
http://www.bloomberg.com/quote/BDIY:IND/chart
Stock market update:
Asian Stock markets were mixed last night. China closed, Hong Kong down –0.2%, India up 0.4%, Taiwan down –0.9%, and Japan up 0.3%.
European markets are spooked today in a range of + 0.8% to -0.5% half way through their day.
American market futures are up about 0.2% in after hour trading at 7 AM EST.
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