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.