ACORN, Black Panthers, Puerto Rican terrorists…all the friends of the Obama-Holden Administration, are the examples of the petty greed of socialists and their viscous and idle following. They are why John Gault sold and took his cash and moved to a safe hideout. That is how the story ends.

Indiana State Treasurer, Mourdock, backed by FreedomWorks, the Tea Party movement, and the Club for Growth beat Senator Lugar who was in office for six terms (36 years). Lugar's campaign spent $6.7 million compared to Mourdock's $2 million and Mourdock beat Lugar 61% to 39%. It looks like the Senate will fall to the Tea Party the way the Democrat controlled House fell in 2010.


Moody’s Investors Service will this month start cutting the credit ratings of more than 100 banks. BNP Paribas SA, France’s largest lender, Deutsche Bank AG, Germany’s largest, and New York-based Morgan Stanley face having their short- and long-term debt downgraded to their lowest-ever levels by February. The cuts, which follow downgrades by Standard & Poor’s and Fitch Ratings last year, would erode profits, trigger margin calls and leave some firms unable to borrow from money- market funds that have strict rules on who they can lend to. Without access to funding from private sources, banks have had to sell assets and reduce lending.

Read just how ignorant and insane socialists really can be when liberals give them cradle to grave control of their lives. People who were deemed to have been the lazy elite, (in other words the educated and the skilled), were brutally murdered. Every vestige of the former free way of life had to be destroyed. Many people tried to conceal their identity or former occupation, but were eventually found out or betrayed. Whole families were executed. Babies were killed by smashing their skulls against trees.

http://www.cambcomm.org.uk/holocaust.html

http://david.shortens.net/tag/north-korean-genocide/

http://www.hawaii.edu/powerkills/SOD.CHAP10.HTM

James Madison in the Federalist Papers, Feb 5, 1788 warned the Massachusetts Convention, "but as a just government protects all alike, it is necessary that the sober and industrious part of the community should be defended from the rapacity and violence of the vicious and idle. A bill of rights, therefore, ought to set forth the purposes for which the compact is made, and serves to secure the minority against the usurpation and tyranny of the majority." The American Bill of Rights gives Americans the right to have guns, not just to hunt. Jefferson said, “The strongest reason for the people to retain the right to keep and bear arms is, as a last resort, to protect themselves against tyranny in government”.

The Rasmussen Reports daily Presidential Tracking Poll for Tuesday shows Mitt Romney earning 49% of the vote and President Obama attracting 44% support. Three percent (3%) would vote for a third party candidate, while another three percent (3%) are undecided.

 New Low: 44% Predict U.S. Economy Will Be Stronger In Five Years

 Generic Congressional Ballot: Republicans 44%, Democrats 41%

 82% Favor Creation of Stand-Alone Social Security Trust Fund

 39% Think Most Muslims See U.S. As An Enemy, 35% Disagree

 69% Favor Use of Military Overseas Only When U.S. National Security is Threatened
http://www.rasmussenreports.com/public_content/politics/obama_administration/daily_presidential_tracking_poll



World market this week

Greek stock index hits near 20-year low Fascist (nationalist) socialism and Communist (international socialism) grows in France and Greece again as it did in Europe before the last two world wars. Today in Europe stocks fell, sending Europe’s benchmark gauge to the lowest level in four months, while the euro weakened and Spanish default risk climbed to a record as investors awaited resolution to Greece’s political impasse. U.S. stock-index futures and precious metals also declined.

Alexis Tsipras, whose Syriza party placed second in the Greek elections on May 6, said he would try now to form a coalition government of left-wing parties. The victory of the French Socialists and virtual wipe-out of mainstream parties in Greece sent shock waves on Sunday night crashing throughout the continent of Europe. This will mean the end of Greece in the EU and a further de-stabilization of Christian Socialist Europe.

Europeans are selling European stocks and are investing in American stocks.

U.K. retail sales fell the most last month in more than a year as consumer caution on spending curbed demand at stores.

German exports adjusted for seasonal changes, rose for a third month in March.

The country’s top three carmakers and their suppliers have benefited from thriving demand in China. Today’s report suggests Germany may have returned to growth in the first quarter after the economy shrank in the final quarter of 2011.

European socialist governments will soon begin to fall apart and default. Markets will plunge, Gold and Silver possession will be equated with greed and will be declared illegal to possess and will all be confiscated. It is entirely possible that there will be military coups to maintain order.

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

Manufacturers in the U.S. became less- optimistic about 2012 sales growth than at the end of last year, while service companies grew more upbeat, according to a survey by the Institute for Supply Management.

There are three risks to worry about: the upcoming "fiscal cliff" at year-end 2012 and a worsening of the eurozone debt crisis. “Operation Twist” currently ends in June, Bush-era tax cuts are set to expire, automatic spending cuts are set to be triggered and the aforementioned stimulus programs are winding down. Cuts to stimulus alone, even with an extension of tax cuts, will be a drag on the US economy in the short term. On Europe:

The Federal Reserve may be forced to re-introduce quantitative easing “QE3”, to combat the slowing U.S. economy and relieve the threat of higher USA debt interest after it ends in June. The Obama Regime will have created $6 Trillion new debt in its four years or $1.5 Trillion debt per year. The highest deficit of the George W Bush presidency was $half-a-trillion or one third the Dumboma debt rate and President Bush handled the Bill Clinton Dot Com bubble crash, the 911 attack and two big spending Congresses controlled by the Democrats-socialists.

Monday

Obama’s tax rebate for his voting welfare constituency is so corrupt there are actually thousands of identity thefts even of “dead people” getting income tax money back from Obama. This is money back for Obama supporters who paid no income taxes at all. That cash flow was already baked into the USA economy in the first quarter. Now the world’s real economic crunch is starting. We need to get Obama out of office or we are headed for the “Obama Greatest Depression.”

This Week

May 9 7:00 AM MBA Mortgage Index 05/05

May 9 10:00 AM Wholesale Inventories Mar

May 9 10:30 AM Crude Inventories 05/05

May 10 8:30 AM Initial Claims 05/05

May 10 8:30 AM Continuing Claims 04/28

May 10 8:30 AM Trade Balance Mar

May 10 8:30 AM Export Prices ex-ag. Apr

May 10 8:30 AM Import Prices ex-oil Apr

May 10 2:00 PM Treasury Budget Apr

May 11 8:30 AM PPI Apr

May 11 8:30 AM Core PPI Apr

May 11 9:55 AM Mich Sentiment May



Market outlook May 9, 2012

The world owns most of America’s debt and now some are investing in American businesses. This shift from US Treasuries to American Stocks probably is why we are not already at a new stock market low. This has been the entire stock market support since the fall of 2011. Cramer wonders when it will start to kick in, but in reality it is almost over. Once the stock market drops 10%, bond investors will realize they made a bad move into the stock market.

John Gault has been sitting on a pile of cash because he sees no point in working and creating jobs so that the Obama socialists can confiscate their earnings with higher taxes. American taxes have become extortion by socialists that use voter fraud so that the viscous and idle can get elected and rob the treasuries of Democratic Republics like the USA and our allies. So John Gault takes his money, closes shop and move out of the USA to his safe haven. Dumaboma can’t understand why GE pays no taxes and there are no jobs. It is because the real wealth creators can only avoid extortion by shutting down and staying in cash. Cash is king today because we use credit and there is very little cash in circulation. That is why no one who is smart buys gold any more. Cash is king because socialists ultimately confiscate gold from the rich and the banks when they nationalize everything if they are not thrown out of office or engaged in another world war.

ACORN, Black Panthers, Puerto Rican terrorists…all the friends of the Obama-Holden Administration, are the examples of the petty greed of socialists and their viscous and idle following. They are why John Gault sold and took his cash and moved to a safe hideout. That is how the story ends. The economy collapses when the movers and shakers leave the economy. It would collapse anyway because if you help a socialist you end up with a new Hitler or a new Stalin. They are beginning to get the votes in Greece and France now. It is better to retire long before the national socialists or international socialists take power. At least that was John Gault’s theory.

No Dow Rails confirmation means there is no DOW buy signal since the collapse in August of 2011. It is still looking like a head and shoulder Dow sell signal forming not a buy signal.

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 having broken below the first neckline and now the second neckline is being tested. Usually the market plunges when the second neckline is also 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. For an Obama Great Depression to be declared the market would need to drop another 20% from this current level. That could happen if the Obama Regime is re-elected.

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;

We expect the VIX to soar and be above 40 in a few weeks as markets crash in some countries. A sharp computer sell-off could now trigger huge stop-losses and a plunge below the lows of 2000. The Obama-Holden regime will begin to get even uglier.http://finance.yahoo.com/q/bc?s=%5EVIX&t=2y&l=on&z=m&q=l&c=

Baltic Dry Index has just peaked this past month at only at 10% of its 2008 high. http://www.bloomberg.com/quote/BDIY:IND/chart



Stock market update:

Asian markets were down sharply last night. China down –1.7%, Hong Kong down –0.8%, India down –0.4%, Taiwan down -0.9%, Japan down –1.5%.

European markets were down sharply half way through their day in a range of +0.1% to-1.9%
American market futures are down about –0.7% in after hour trading at 8:30 AM EST