Obviously Obama does not consider himself to be a legitimate American president.

The pedal has been to the metal for three years as Obama socialism gradually destroys free enterprise without enforcement of the American Constitution and established laws. Obama simply refuses to enforce the laws he doesn’t like. The Executive Branch is required by the American Constitution to enforce all of America's laws. Obviously Obama does not consider himself to be a legitimate American president.

All the global stock markets are giving one year, seven-year and twelve-year peak to peak sell signals.

Obama racism spreads across America as a diversion from Obama’s failed socialism and his corruption of science and energy research. The economy is sagging again with Obama’s attacks on free enterprise and attacks on pay for performance which he calls "Darwinian". Socialism rewards demonstrators, pickets, destructive strikers, attacks on Constitutional law, attacks on the right to protect yourself from deadly force, and encourages Jesse Jackson vigilantes and Black Panther bounties on the heads of the victims of Obama’s racist socialist policies. The government and Constitution of Northern Nigeria has become Obama's model for socialism and religious and racial equality.

The markets are poised for an idiot Obama flash crash in his popularity and the economy. The three-judge panel for the 5th Circuit Court of Appeals on Tuesday ordered the incompetent Obama to explain by today whether the Obama administration believes Supreme Court judges do not have the power to strike down an Obama law.

Idiot Obama’s illegal alien uncle was arrested in Boston again for drunk driving. No one can explain how he could legally get a US Social Security Number or could have passed a driver’s test without Obama’s complete disregard for America’s laws.

http://dailycaller.com/2012/04/03/obamas-illegal-alien-uncle-back-behind-the-wheel-after-drunk-driving-arrest/

http://www.bostonherald.com/blogs/news/lone_republican/index.php/2012/04/03/no-longer-a-mistake-on-obamas-uncle/

Obama doesn’t understand that the Supreme Court is there as one of America’s two major obstacles to his Stalinist aspirations.

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.”

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 over the edge 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
German stocks declined, with the DAX headed for its biggest weekly drop this year, as industrial output fell even more than forecast, and Spanish bonds start to become worthless. Spain will give 80% haircuts to three times as many investors as Greece did. Then there is Portugal and Italy waiting for bailouts. The growing failure of the Spanish bond auction “serves as a reminder to the market that Europe is still with us,” Mark Freeman, chief investment officer at Westwood Holdings Group. Spain’s debt is at a record 79.8% and government bond sales decline and their interest rate cost of financing hits a three-month high.

Australia posted a trade deficit for a second straight month in February as coal and metal exports slumped, sending stocks and bond yields lower and currency tumbling to a 2 1/2-month low.

James Murdoch’s resignation as chairman of British Sky Broadcasting Group Plc (BSY) may not be just part of Rupert Murdoch’s strategy to put the email hacking scandal behind him. It also gives him a chance to quickly dump the 40 percent of sagging BSkyB he still controls on unsuspecting traders and put British Sky Broadcasting Group Plc (BSY) behind him forever.

Socialist Richard Descoings, director of France’s Sciences-Po institute, was found dead in a hotel room in New York. He was 53. “His accomplishments at Sciences Po were renowned,” said Socialist presidential candidate Francois Hollande. Austrailia announced it has invited American forces to establish bases in Australia as fears grow in Asia over the tactics of Red China. Britain has asked China to investigate the death of a British double agent in the southwest Chinese city of Chongqing formerly run by Bo Xilai, the leadership contender whose abrupt ousting shook the ruling Communist Party. The British national, Neil Heywood, died mysteriously and was immediately cremated by the Red Chinese in November. Poisoning was suspected. Questions about his security and intelligence dealings and suspected clumsy poisoning ordered by Bo Xilai, have been posted on Chinese microblogs, which linked it to the reason for Bo's recent ouster. China may be headed to a hard landing as their neighbors worry about their military build-up and the spread of world totalitarianism.
http://www.bdnews24.com/details.php?id=221086&cid=5&aoth=1

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.

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.

This Week
Construction Spending Feb was going to drop –1.8% compare with dropping only –0.1% last month which is quite horrible; but Obama changed the drop of –0.1% last month to a drop of –0.8% without reporting that change so that the this month the drop would only be -1.1%. Without the neo-Stalinist Obama corruption of American data the construction spending would show plummeted –1.8% last month.

Yesterday
Factory Orders Feb up 1.3% after declining -1.0% last month.
Auto Sales Mar were spun but not published The can go up a lot when they are divided by numbers close to zero in the past two years. Obama smoked more cigarettes than the number of battery driven cars and windmills produced in America. Obama has the highest carbon footprint of any national president or dictator today.
Truck Sales Mar were spun but not published
MBA Mortgage Index 03/31 4.8% up from -2.7% last month
ADP new jobs for Mar 209K down from 216K last month
ISM Services Mar 56.0 down from 57.3 last month
Crude Inventories 03/31 at a record 9.1M vs 7.102M last month yet gasoline prices rose again. That is the Obama curse.

Today
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 5, 2012
Yahoo is having layoffs and Groupon is being sued for misleading investors about its financial situation.

The Fed is damping stimulus expectations and Wall Street slumped as QE3 hopes cooled. Federal Reserve Bank of San Francisco President John Williams said the central bank must continue to act “vigorously” to boost the economy as the labor market falters.

Federal Reserve Chairman Ben S. Bernanke warned last week that a U.S. economic recovery is non-existent and not even assured (as long as Obama is in office). This market is running on borrowed time.

The stock markets are once again could not break their upper resistance levels. One of these bumps will result in the next flash crash when the Hedge Fund computers take their profits.

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. 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 again last night. China up 1.7%, Hong Kong down -1%, India down -0.6%, Taiwan down –1.6%, and Japan down -0.5%.

European markets are down today in a range of - 0.4% to –1.1% half way through their day with Greece a statistical outlier due to instability.

American market futures are down about -0.4% in after hour trading at 8 AM EST.