The Rasmussen Presidential Poll for Saturday showed Mitt Romney attracting 48% of the vote, while President Obama earns 43%. Romney led by 11% among men, and the candidates are even among women. Currently only 23% of the nation's voters strongly approve of the way that Obama is performing his role as president. Forty-five percent (45%) strongly disapprove, giving him a Presidential Approval Index rating of –22.
52% Want U.S. Supreme Court to Overturn Obama’s Health Scare Law
54% Still Favor Repeal of Obama’s Health Scare Law
51% See Federal Government As Threat to Their Rights
63% Say Obama is wrong, U.S. Society is Fair and Decent
http://www.rasmussenreports.com/public_content/politics/obama_administration/daily_presidential_tracking_poll
Obama Backers Use Race as their Alibi for Ebbing Support
As he falls in the polls, and his presumed fundraising advantage seems about to become a disadvantage, it's alibi time for his backers. No one wants to admit Obama is even dumber than his V-P Biden and Obama used race to get into Harvard but got such low grades he chose to hide them from the public. So if you don't like Obama-scare, it's not because it threatens to take away your health insurance, or to bankrupt the country. It's because you don't like black people. See:
http://www.rasmussenreports.com/public_content/political_commentary/commentary_by_michael_barone/obama_backers_use_race_as_alibi_for_ebbing_support
World market this week
Germany’s economic strength is not infinite and should not be tested. China’s economic strength is crumbling and America’s economy has flat-lined and is expected to go nowhere unless Obama is thrown out on his socialist derrière. If the EU bankrupts Germany (and it could) the “Obama Great Depression malignancy” will spread rapidly in the world... and America will be too weak to send troops to stop the spread of socialist government totalitarianism this time.
France and Italy are becoming like two pestering economic ticks urging Germany to give them a little more blood to suck. German Chancellor Angela Merkel hardened her resistance to euro-area debt sharing, raising concern the summit this week will fail to tame the region’s crisis.
Gold is falling because in “Obama’s declared Great Depression,” cash will be king again in America. That is how J.P. Morgan became the richest man in history when he had the cash to buy assets. Because when the Obama Great Depression takes hold, all gold will be confiscated by socialist governments to prevent hyper-inflation. The world must realize by now that Obama's redistribution of wealth from the “hard workers” and entrepreneurs to the stupid, the drug lords, the scam artists, and the lazy is the recipe for all Great Depressions and for totalitarianism.
China’s economy will probably stay in the “doldrums” in coming months, preventing a second-half rally for the nation’s equities, according to the country’s best-performing fund manager of the Invesco Great Wall Fund Management Co.
The smartest and most sound government in Europe is Switzerland. Switzerland issues every household a gun! Switzerland's government trains every adult and they issue each a rifle. Switzerland has the lowest gun related crime rate of any civilized country in the world! The American Constitution allows the population to be armed not just to hunt but for armed insurrection against any political demagogue who tries to take away our rights under the American Constitution. Every demagogue tries to change their constitution to take away the citizens arms and to give themselves perpetual terms of office.
The euro fell to the lowest level in more than a week against the yen as Spanish and Italian borrowing costs rose at debt sales amid concern a European Union summit this week will fail to solve the sovereign debt crisis.
It is time to begin buying emerging markets on bad news. The emerging markets, whose economies grew more than four-fold in the past decade, have posted their biggest declines since at 1998. The real, ruble and rupee have weakened the most among developing-nation currencies and the yuan has depreciated more than in any other period since its 1994 devaluation. International corporation profit forecasts are falling due to the exchange rates.
Bloomberg belatedly reports that investors have been fleeing the four biggest emerging markets, and Brazil’s consumer default rate rose to the highest level since the recession began in 2009. Prices for Russian oil exports hit an 18-month low, India’s budget deficit widened and Chinese home prices have slumped. But this has happened over the last two years while many advised that the BRICs were good investments. Just look at China the one everyone else said to buy two years ago:
http://finance.yahoo.com/echarts?s=000001.SS+Interactive#symbol=000001.ss;range=5y;compare=;indicator=volume;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;
Now we say that it is time to selectively invest a small amount in the Emerging markets again as others panic and react to what we have seen and told you for two years. While other markets peaked and then slumped this year we see China may have bottomed out (though still to be confirmed):
http://finance.yahoo.com/echarts?s=000001.SS+Interactive#symbol=000001.ss;range=6m;compare=;indicator=volume;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;
Emerging markets.
http://finance.yahoo.com/echarts?s=^BVSP+Interactive#chart1:symbol=^bvsp;range=2y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefine
Germany is showing strength: Choose 2 or 5 years
http://finance.yahoo.com/echarts?s=%5EGDAXI+Interactive#chart2:symbol=^gdaxi;range=2y;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on
The Swiss are showing strength. Choose 2 or 5 years http://finance.yahoo.com/echarts?s=%5ESSMI+Interactive#chart1:symbol=^ssmi;range=2y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
The world crisis will continue as long as a socialist and a former member of small communist leftist groups is the president of the USA.
http://www.bloomberg.com/video/does-george-soros-see-a-united-states-of-europe-O6rxR8S9RrGD9_H67ivGEg.html
American Economy
Generally the USA economic indicators were poor the last two weeks. The polls indicate that while Mitt Romney is the leading presidential candidate, most voters still think Obama will be re-elected and hence they think the economy will not recover in the next four years.
Monday’s more new homes in a housing glut was terrible news. New home Sales in May was at 369K up from 343K last month. New home building is causing the housing market to stay depressed. With more than a full year’s worth of existing new homes in inventory and few new young employed buyers why does Obama think more new house building is a sign of recovery? It is a sign of morons running the American government. Stupid Obama needs to stop government financing incentives for new homes until there is no longer an overhang of vacant houses burning in American cities. Socialists always get things ass-backwards.
Yesterday
Case-Shiller 20-city Index Apr down -1.9% but not as bad as the -2.6% last month. But look how leftist CNBC spun this to make it seem like Obama has a recovery going on. CNBC.com -yesterday said, “US single-family home prices picked up for a third month in a row in April, suggesting the recovery in the housing market is gaining traction, a closely watched survey showed on Tuesday. So it only went down -1.9% not –2.6% so the leftists see it as a rise in prices. Socialist and their supporters are by definition stupid or lazy, or both stupid and lazy. They are not compassionate. Putin, Stalin, Hitler, Mao, and Pol Pot were all prominent and popular socialists. Every one of them was a relatively ignorant, evil, opportunist.
Consumer Confidence Jun 62.0 down again from 64.9
This Week
Jun 27 7:00 AM MBA Mortgage Index 06/23
Jun 27 8:30 AM Durable Orders May
Jun 27 8:30 AM Durable Orders -ex Transportation May
Jun 27 10:00 AM Pending Home Sales May
Jun 27 10:30 AM Crude Inventories 06/23
Jun 28 8:30 AM Initial Claims 06/23
Jun 28 8:30 AM Continuing Claims 06/16
Jun 28 8:30 AM GDP - Third Estimate Q1
Jun 28 8:30 AM GDP Deflator - Third Estimate Q1
Jun 29 8:30 AM Personal Income May
Jun 29 8:30 AM Personal Spending May
Jun 29 8:30 AM PCE Prices - Core May
Jun 29 9:45 AM Chicago PMI Jun
Jun 29 9:55 AM Michigan Sentiment - Final Jun
Market outlook June 27, 2012
A sharp decline may continue and test the lows. If the markets break out, then a much larger move could occur. Caution is advised, as it could be a bear or bull trap when it occurs.
The imminent US Supreme Court decision on Obama's health care morass is expected this week. At the heart of the “Unaffordable Care Act,” dubbed "Obama-scares US" lies the individual mandate that requires every US citizen to take out health insurance or be subject to a fine. Constitutionists argue that Congress overstepped its constitutional prerogatives in requiring individuals to buy insurance, while the Obama administration contends that the move is vital to finally destroy the American insurance industry and federalizie healthcare. “Genius” Obama lies or is just plain stupid whenever he says Europe has nationalized medicine. Britain, France, Germany, etc all have their own medical systems just as California, Massachusetts and New York have their own systems. Likewise “Genius Obama” lies or is just plain stupid when he says Europe has a nationalized educational system. The states of the EU can’t even agree on one language. Of course the elite liberal proletariat like “Genius Obama” are too stupid to know any facts about the real world of socialism like Hitler, Stalin, Pol Pot, Mao, Castro, Chavez, and the other “liberal geniuses” that have preceded Obama. Obama is the best socialists have to offer... a dope, a Nigerian/Indonesian tribal ignoramus leader who has had everything handed to him on a silver plattrer including the dogs he said he ate.
It is likely that the high Court will be split and will throw “Obama-scare” back to Congress where nothing will get done until Obama is out of office. In such a case we expect a flat economy until November. We are taking opportunities but quickly taking profits. We are short-term investing, not long-term investing right now. The market is poised to quickly drop as much as 10%. There could even be a panic sell-off soon.
http://finance.yahoo.com/echarts?s=%5ENYA+Interactive#symbol=^nya;range=ytd;compare=;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;
The Dow Theory Industrials and Rails sell signal of August 2, 2011 still holds. The second shoulder intermediate 1-year cycle rally did not even approach the previous 1-year cycle high. The Dow Theory uses the 3-mont cycles to predict the 1-year cycles that then predict the 20+-year business cycles. Obama has put the world on a course towards an FDR type full-blown socialist depression. FDR was the socialist who gave us the last Great Depression and it took World War II to end the grip of the European socialists. It took 80 years for the USSR’s socialism to collapse and for China to introduce “free enterprise” as an economic experiment.
http://finance.yahoo.com/echarts?s=%5EDJT+Interactive#symbol=^djt;range=5y;compare=^dji;indicator=;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined;
Obama is such an incompetent boob; a deep depression can only be prevented if this “proletariat genius” is ejected, not elected. The sell signal is seen in 3-month cyclic data.
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 says the market is again complacent and dangerous.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=2y&l=on&z=m&q=l&c=
Baltic Dry Index is flat-lined. The emerging markets may advance if trade rebounds.
http://www.bloomberg.com/quote/BDIY:IND/chart
Stock market update:
Asian markets were up slightly last night. China down –0.2%, Hong Kong up 1%, Taiwan up 0.6%, Japan up 0.8%.
European markets were up half way through their day in a range of +0.4% to –0.2%
American market futures are flat at about 0% in after hour trading at 6:30 AM EST.
Wednesday, June 27, 2012
55% of polled Americans wanted the U.S. Supreme Court to uphold Arizona’s tough immigration law as it just did this past week. Obama, said on Tuesday that he will not enforce that law of the land that he is obliged by the American Constitution to enforce. States constitutionally depend on the Federal government to defend their borders. Obama now refuses to deport illegal immigrants until after the November elections. Up until now, Obama bragged his deportation rate was more than twice the rate of any President before him.
Tuesday, June 26, 2012
If you translate idiot Ben Bernanke's latest comments, his message is plain as day -- rewards from the Fed's rate reduction efforts, in all forms, are dwindling. Princeton University economist Alan Blinder, a former Fed vice chairman, echoed it and said “The basic problem for the Fed is it’s used all the heavy artillery a long time ago and it’s down to relatively weak weapons. The problem with the socialists is they will not reduce their bungling government bureaucracy and allow taxes/deficits to be reduced. That is because rule of the majority rapidly goes to the stupid and lazy as more people refuse to work for a reasonable wage and hard workers decide to quit and take their money and retire to John Gault’s safe havens. Ultimately when there is no food on the table the socialists will vote for a government that supports free enterprise again. Then people have the right to the fruits of their labor and government does not confiscate what workers make and redistribute it to the stupid and lazy socialist-voting block.
Apple Inc.’s is heading towards a disastrous next quarter. The coming iPhone map application will include Yelp Inc.’s “check-in” feature to let users broadcast their whereabouts to friends and enemies. Nothing exciting is coming except for the comparison with the excellent quarter Steve Jobs had a year ago. Steve did so much better because he wanted to release his best work while he was alive. He did not leave anything new or exciting on the books when he died so Apple will have a few bad years now until they find an inventive entrepreneur like Steve Jobs was. That may never be possible.
The Rasmussen reports daily Presidential Tracking Poll for Saturday shows Mitt Romney attracting 48% of the vote, while President Obama earns 43%. Six percent (6%) prefer some other candidate, and four percent (4%) are undecided. Romney leads by 11 among men, and the candidates are even among women. Currently only 23% of the nation's voters Strongly approve of the way that Obama is performing his role as president. Forty-five percent (45%) strongly disapprove, giving him a Presidential Approval Index rating of –22.
http://www.rasmussenreports.com/public_content/politics/obama_administration/daily_presidential_tracking_poll
55% Want U.S. Supreme Court to Uphold Arizona’s tough Immigration Law
52% Want U.S. Supreme Court to Overturn Obama’s Health Scare Law
54% Still Favor Repeal of Obama’s Health Scare Law
51% See Federal Government As Threat to Their Rights
63% Say Obama is wrong, U.S. Society is Fair and Decent
Obama Backers Use Race as Alibi for Ebbing Support
As he falls in the polls, and his presumed fundraising advantage seems about to become a disadvantage, it's alibi time for his backers. His problem, they say, is that some voters don't like him because he's black. Or they don't like his policies because they don't like having a black president. So, you see if you don't like Obamascare, it's not because it threatens to take away your health insurance, or to deny coverage for some treatments. It's because you don't like black people. See:
http://www.rasmussenreports.com/public_content/political_commentary/commentary_by_michael_barone/obama_backers_use_race_as_alibi_for_ebbing_support
Switzerland issues every household a gun! Switzerland's government trains every adult and they issue each a rifle. Switzerland has the lowest gun related crime rate of any civilized country in the world! The American Constitution allows the population to be armed not just to hunt but for armed insurrection against any political demagogue who tries to take away our rights under the American constitution. Every demagogue tries to change their constitution to take away the citizens arms and to give themselves perpetual terms of office.
World market this week
Prime Minister Erdogan of Turkey said they might annihilate Syrian military forces approaching Turkey’s border after the shooting down of a Turkish aircraft by Syria last week.
Europe and Obama are still clueless. They still have not gotten the message that they need to cut the government payrolls so real people can work and the blood sucker unions can take a hike. Fifty years ago it was illegal for fire fighters, police, army, and government workers to form unions. In most European countries even the military has a union. Once during a world war part of the French Army went on strike and as punishment every 10th soldier in the unit was shot on the site as punishment.
Moody's downgraded the long-term debt and deposit ratings for another 28 Spanish banks, following on the heels of a cut to Spain's sovereign rating to just above junk status earlier this month. Spain is asking now for another $125Billion just like the one they got a month ago.
France and Italy are becoming like two pestering economic ticks urging Germany to give them a little more blood to suck. German Chancellor Angela Merkel hardened her resistance to euro-area debt sharing, raising concern the summit this week will fail to tame the region’s crisis.
The euro fell to the lowest level in more than a week against the yen as Spanish and Italian borrowing costs rose at debt sales amid concern a European Union summit this week will fail to solve the sovereign debt crisis.
It is time to begin buying emerging markets on bad news. The emerging markets, whose economies grew more than four-fold in the past decade, have posted their biggest declines since at 1998. The real, ruble and rupee have weakened the most among developing-nation currencies and the yuan has depreciated more than in any other period since its 1994 devaluation. International corporation profit forecasts are falling due to the exchange rates.
Bloomberg belatedly reports that investors have been fleeing the four biggest emerging markets, and Brazil’s consumer default rate rose to the highest level since the recession began in 2009. Prices for Russian oil exports hit an 18-month low, India’s budget deficit widened and Chinese home prices have slumped. But this has happened over the last two years while many advised that the BRICs were good investments. Just look at China the one everyone else said to buy two years ago:
http://finance.yahoo.com/echarts?s=000001.SS+Interactive#symbol=000001.ss;range=5y;compare=;indicator=volume;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;
Now we say that it is time to selectively invest a small amount in the Emerging markets again as others panic and react to what we have seen and told you for two years. While other stocks peaked and slumped this year we see China may have bottomed out (though still to be confirmed):
http://finance.yahoo.com/echarts?s=000001.SS+Interactive#symbol=000001.ss;range=6m;compare=;indicator=volume;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;
Emerging markets.
http://finance.yahoo.com/echarts?s=^BVSP+Interactive#chart1:symbol=^bvsp;range=2y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefine
Germany is showing strength: Choose 2 or 5 years
http://finance.yahoo.com/echarts?s=%5EGDAXI+Interactive#chart2:symbol=^gdaxi;range=2y;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on
The Swiss are showing strength. Choose 2 or 5 years http://finance.yahoo.com/echarts?s=%5ESSMI+Interactive#chart1:symbol=^ssmi;range=2y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
The world crisis will continue as long as a socialist and a former member of small communist leftist groups is the president of the USA.
American Economy
Generally the USA economic indicators were poor the last two weeks. The polls indicate that while Mitt Romney is the leading presidential candidate, most voters still think Obama will be re-elected and hence they think the economy will not recover in the next four years.
Yesterday's more new homes in a housing glut was terrible news. New home Sales in May was at 369K up from 343K last month. New home building is causing the housing market to stay depressed. With more than a full year’s worth of existing homes and few new young employed buyers why does Obama think more new house building is a sign of recovery? It is a sign of morons running the American government. Stupid Obama needs to stop government financing incentives for new homes until there is no longer an overhang of vacant houses burning in American cities. Socialists always get things ass-backwards.
This Week
Jun 26 9:00 AM Case-Shiller 20-city Index Apr –
Jun 26 10:00 AM Consumer Confidence Jun -
Jun 27 7:00 AM MBA Mortgage Index 06/23
Jun 27 8:30 AM Durable Orders May
Jun 27 8:30 AM Durable Orders -ex Transportation May
Jun 27 10:00 AM Pending Home Sales May
Jun 27 10:30 AM Crude Inventories 06/23
Jun 28 8:30 AM Initial Claims 06/23
Jun 28 8:30 AM Continuing Claims 06/16
Jun 28 8:30 AM GDP - Third Estimate Q1
Jun 28 8:30 AM GDP Deflator - Third Estimate Q1
Jun 29 8:30 AM Personal Income May
Jun 29 8:30 AM Personal Spending May
Jun 29 8:30 AM PCE Prices - Core May
Jun 29 9:45 AM Chicago PMI Jun
Jun 29 9:55 AM Michigan Sentiment - Final Jun
Market outlook June 26, 2012
A sharp decline may continue and test the lows. If the markets break out, then a much larger move could occur. Caution is advised, as it could be a bear or bull trap when it occurs.
The imminent US Supreme Court decision on Obama's health care morass is expected this week, two years after Obama signed into law an act to insure 32 million indigent Americans already given free hospital services. It also prevents coverage from being refused on the basis of patients' medical histories such as from high risk San Francisco lifestyles. However, if you drink too much soda and get too fat you are allowed to be penalized. At the heart of the “Unaffordable Care Act,” dubbed "Obamascares US" lies the individual mandate that requires every US citizen to take out health insurance or be subject to a fine. Constitutionists argue that Congress overstepped its constitutional prerogatives in requiring individuals to buy insurance, while the Obama administration contends that the move is vital to destroying the insurance industry and federalizing healthcare. The nine Supreme Court justices held six hours of oral arguments over three days in late March, the longest time allotted to debating a single issue in more than 45 years. We expect the American Supreme Court will reject nationalized medicine as the EU has continued to reject it for the EU. “Genius” Obama lies or is just stupid whenever he says Europe has nationalized medicine. Britain, France, Germany, etc all have their own systems just as California, Massachusetts and New York have their own systems. Likewise “Genius Obama” lies or is just stupid when he says Europe has a national educational system. The states of the EU can’t even agree on one language. Of course the elite liberal proletariat like “Genius Obama” are too stupid to know any facts about the real world of socialism like Hitler, Stalin, Pol Pot, Mao, Castro, Chavez, and the other “liberal geniuses” that have preceded Obama.
The market volume rose on Friday’s advance but the previous rally did not indicate an upward breakout is immanent. It is likely that the high Court will be split and will throw “Obamascare” back to Congress where nothing will get done until Obama is out of office. In such a case we expect a flat economy until November. We are taking opportunities but quickly taking profits. We are short-term investing, not long-term investing right now. The market is poised to quickly drop as much as 10%. There could even be a panic sell-off soon.
http://finance.yahoo.com/echarts?s=%5ENYA+Interactive#symbol=^nya;range=ytd;compare=;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;
The Dow Theory Industrials and Rails sell signal of August 2, 2011 still holds. We expect the “Walker Rally” to run out of steam if Romney does not open up his lead. However the Walker rally could last a month just as it is with some good news from the EU.
http://finance.yahoo.com/echarts?s=%5EDJT+Interactive#symbol=^djt;range=5y;compare=^dji;indicator=;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined;
Obama is such an incompetent boob; a deep depression can only be prevented if this “proletariat genius” is not 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
The VIX says the market is again complacent and dangerous.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=2y&l=on&z=m&q=l&c=
Baltic Dry Index resumes the decline. The emerging markets may now advance if it rebounds.
http://www.bloomberg.com/quote/BDIY:IND/chart
Stock market update:
Asian markets were down last night. China down –0.1%, Hong Kong up 0.5%, Singapore down -0.3%, Taiwan down –0.4%, Japan down –0.8%.
European markets were down half way through their day in a range of +0.3% to –1.8%
American market futures are up about 0.3% in after hour trading at 7 AM EST.
The Rasmussen reports daily Presidential Tracking Poll for Saturday shows Mitt Romney attracting 48% of the vote, while President Obama earns 43%. Six percent (6%) prefer some other candidate, and four percent (4%) are undecided. Romney leads by 11 among men, and the candidates are even among women. Currently only 23% of the nation's voters Strongly approve of the way that Obama is performing his role as president. Forty-five percent (45%) strongly disapprove, giving him a Presidential Approval Index rating of –22.
http://www.rasmussenreports.com/public_content/politics/obama_administration/daily_presidential_tracking_poll
55% Want U.S. Supreme Court to Uphold Arizona’s tough Immigration Law
52% Want U.S. Supreme Court to Overturn Obama’s Health Scare Law
54% Still Favor Repeal of Obama’s Health Scare Law
51% See Federal Government As Threat to Their Rights
63% Say Obama is wrong, U.S. Society is Fair and Decent
Obama Backers Use Race as Alibi for Ebbing Support
As he falls in the polls, and his presumed fundraising advantage seems about to become a disadvantage, it's alibi time for his backers. His problem, they say, is that some voters don't like him because he's black. Or they don't like his policies because they don't like having a black president. So, you see if you don't like Obamascare, it's not because it threatens to take away your health insurance, or to deny coverage for some treatments. It's because you don't like black people. See:
http://www.rasmussenreports.com/public_content/political_commentary/commentary_by_michael_barone/obama_backers_use_race_as_alibi_for_ebbing_support
Switzerland issues every household a gun! Switzerland's government trains every adult and they issue each a rifle. Switzerland has the lowest gun related crime rate of any civilized country in the world! The American Constitution allows the population to be armed not just to hunt but for armed insurrection against any political demagogue who tries to take away our rights under the American constitution. Every demagogue tries to change their constitution to take away the citizens arms and to give themselves perpetual terms of office.
World market this week
Prime Minister Erdogan of Turkey said they might annihilate Syrian military forces approaching Turkey’s border after the shooting down of a Turkish aircraft by Syria last week.
Europe and Obama are still clueless. They still have not gotten the message that they need to cut the government payrolls so real people can work and the blood sucker unions can take a hike. Fifty years ago it was illegal for fire fighters, police, army, and government workers to form unions. In most European countries even the military has a union. Once during a world war part of the French Army went on strike and as punishment every 10th soldier in the unit was shot on the site as punishment.
Moody's downgraded the long-term debt and deposit ratings for another 28 Spanish banks, following on the heels of a cut to Spain's sovereign rating to just above junk status earlier this month. Spain is asking now for another $125Billion just like the one they got a month ago.
France and Italy are becoming like two pestering economic ticks urging Germany to give them a little more blood to suck. German Chancellor Angela Merkel hardened her resistance to euro-area debt sharing, raising concern the summit this week will fail to tame the region’s crisis.
The euro fell to the lowest level in more than a week against the yen as Spanish and Italian borrowing costs rose at debt sales amid concern a European Union summit this week will fail to solve the sovereign debt crisis.
It is time to begin buying emerging markets on bad news. The emerging markets, whose economies grew more than four-fold in the past decade, have posted their biggest declines since at 1998. The real, ruble and rupee have weakened the most among developing-nation currencies and the yuan has depreciated more than in any other period since its 1994 devaluation. International corporation profit forecasts are falling due to the exchange rates.
Bloomberg belatedly reports that investors have been fleeing the four biggest emerging markets, and Brazil’s consumer default rate rose to the highest level since the recession began in 2009. Prices for Russian oil exports hit an 18-month low, India’s budget deficit widened and Chinese home prices have slumped. But this has happened over the last two years while many advised that the BRICs were good investments. Just look at China the one everyone else said to buy two years ago:
http://finance.yahoo.com/echarts?s=000001.SS+Interactive#symbol=000001.ss;range=5y;compare=;indicator=volume;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;
Now we say that it is time to selectively invest a small amount in the Emerging markets again as others panic and react to what we have seen and told you for two years. While other stocks peaked and slumped this year we see China may have bottomed out (though still to be confirmed):
http://finance.yahoo.com/echarts?s=000001.SS+Interactive#symbol=000001.ss;range=6m;compare=;indicator=volume;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;
Emerging markets.
http://finance.yahoo.com/echarts?s=^BVSP+Interactive#chart1:symbol=^bvsp;range=2y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefine
Germany is showing strength: Choose 2 or 5 years
http://finance.yahoo.com/echarts?s=%5EGDAXI+Interactive#chart2:symbol=^gdaxi;range=2y;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on
The Swiss are showing strength. Choose 2 or 5 years http://finance.yahoo.com/echarts?s=%5ESSMI+Interactive#chart1:symbol=^ssmi;range=2y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
The world crisis will continue as long as a socialist and a former member of small communist leftist groups is the president of the USA.
American Economy
Generally the USA economic indicators were poor the last two weeks. The polls indicate that while Mitt Romney is the leading presidential candidate, most voters still think Obama will be re-elected and hence they think the economy will not recover in the next four years.
Yesterday's more new homes in a housing glut was terrible news. New home Sales in May was at 369K up from 343K last month. New home building is causing the housing market to stay depressed. With more than a full year’s worth of existing homes and few new young employed buyers why does Obama think more new house building is a sign of recovery? It is a sign of morons running the American government. Stupid Obama needs to stop government financing incentives for new homes until there is no longer an overhang of vacant houses burning in American cities. Socialists always get things ass-backwards.
This Week
Jun 26 9:00 AM Case-Shiller 20-city Index Apr –
Jun 26 10:00 AM Consumer Confidence Jun -
Jun 27 7:00 AM MBA Mortgage Index 06/23
Jun 27 8:30 AM Durable Orders May
Jun 27 8:30 AM Durable Orders -ex Transportation May
Jun 27 10:00 AM Pending Home Sales May
Jun 27 10:30 AM Crude Inventories 06/23
Jun 28 8:30 AM Initial Claims 06/23
Jun 28 8:30 AM Continuing Claims 06/16
Jun 28 8:30 AM GDP - Third Estimate Q1
Jun 28 8:30 AM GDP Deflator - Third Estimate Q1
Jun 29 8:30 AM Personal Income May
Jun 29 8:30 AM Personal Spending May
Jun 29 8:30 AM PCE Prices - Core May
Jun 29 9:45 AM Chicago PMI Jun
Jun 29 9:55 AM Michigan Sentiment - Final Jun
Market outlook June 26, 2012
A sharp decline may continue and test the lows. If the markets break out, then a much larger move could occur. Caution is advised, as it could be a bear or bull trap when it occurs.
The imminent US Supreme Court decision on Obama's health care morass is expected this week, two years after Obama signed into law an act to insure 32 million indigent Americans already given free hospital services. It also prevents coverage from being refused on the basis of patients' medical histories such as from high risk San Francisco lifestyles. However, if you drink too much soda and get too fat you are allowed to be penalized. At the heart of the “Unaffordable Care Act,” dubbed "Obamascares US" lies the individual mandate that requires every US citizen to take out health insurance or be subject to a fine. Constitutionists argue that Congress overstepped its constitutional prerogatives in requiring individuals to buy insurance, while the Obama administration contends that the move is vital to destroying the insurance industry and federalizing healthcare. The nine Supreme Court justices held six hours of oral arguments over three days in late March, the longest time allotted to debating a single issue in more than 45 years. We expect the American Supreme Court will reject nationalized medicine as the EU has continued to reject it for the EU. “Genius” Obama lies or is just stupid whenever he says Europe has nationalized medicine. Britain, France, Germany, etc all have their own systems just as California, Massachusetts and New York have their own systems. Likewise “Genius Obama” lies or is just stupid when he says Europe has a national educational system. The states of the EU can’t even agree on one language. Of course the elite liberal proletariat like “Genius Obama” are too stupid to know any facts about the real world of socialism like Hitler, Stalin, Pol Pot, Mao, Castro, Chavez, and the other “liberal geniuses” that have preceded Obama.
The market volume rose on Friday’s advance but the previous rally did not indicate an upward breakout is immanent. It is likely that the high Court will be split and will throw “Obamascare” back to Congress where nothing will get done until Obama is out of office. In such a case we expect a flat economy until November. We are taking opportunities but quickly taking profits. We are short-term investing, not long-term investing right now. The market is poised to quickly drop as much as 10%. There could even be a panic sell-off soon.
http://finance.yahoo.com/echarts?s=%5ENYA+Interactive#symbol=^nya;range=ytd;compare=;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;
The Dow Theory Industrials and Rails sell signal of August 2, 2011 still holds. We expect the “Walker Rally” to run out of steam if Romney does not open up his lead. However the Walker rally could last a month just as it is with some good news from the EU.
http://finance.yahoo.com/echarts?s=%5EDJT+Interactive#symbol=^djt;range=5y;compare=^dji;indicator=;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined;
Obama is such an incompetent boob; a deep depression can only be prevented if this “proletariat genius” is not 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
The VIX says the market is again complacent and dangerous.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=2y&l=on&z=m&q=l&c=
Baltic Dry Index resumes the decline. The emerging markets may now advance if it rebounds.
http://www.bloomberg.com/quote/BDIY:IND/chart
Stock market update:
Asian markets were down last night. China down –0.1%, Hong Kong up 0.5%, Singapore down -0.3%, Taiwan down –0.4%, Japan down –0.8%.
European markets were down half way through their day in a range of +0.3% to –1.8%
American market futures are up about 0.3% in after hour trading at 7 AM EST.
Monday, June 25, 2012
A sharp decline is possible if the markets do not break out on the upside very soon. Caution is advised.
We visited Ireland and France and there is no visible hardship in those two nations. Ireland is experiencing an influx of Germans, French, and Eastern Europeans who seem to be doing well and are very positive. One Irish Diner in three seems to be run by foreigners who sound just like they lived there their entire lives. This is a good trend similar to the mixing of cultures in the USA. France aerospace seems to still be thriving. The Toulouse economy is thriving. In general the people like socialism. It only takes 10 years to be vested in a worker retirement plan. One Ryan Air director I talked to said that he received social security payments from Britain, France and Ireland and pensions from Airbus and General Electric. One retired German in America said he received social security from Germany, Switzerland, and the USA. This is the new trend where people have no loyalty to anything anymore and milk the socialist social programs of every country they can. As the milkers grow in number the socialist systems get more like China, India, Russia, and Greece. The problem with socialism is that competence and creativity is not rewarded, but rather knowing all the regulation loopholes is what is rewarded. In the USA many retired military personnel who have been abroad know how to double, triple, and even quadruple dip into the socialist programs as well. You find many “C students” living retired early on golf courses where the maze of social programs lets them live like millionaires. No country can afford such a system very long.
Central banks in developed nations are facing the limits of their ability to aid economic recovery as their government efforts to strengthen their finances continue to fall short. Central banks prolong monetary stimulus as governments drag their feet on cutting the size of their governments. Both conventionally and unconventionally accommodative monetary policies are no longer working. Government workers and force arbitration with unions must be let go. The ECB and the US FED are close to exhausting their tools after cutting its benchmark rate to a record low and flooding the world banking system with cash which is now weakening currencies.
The Rasmussen reports daily Presidential Tracking Poll for Saturday shows Mitt Romney attracting 48% of the vote, while President Obama earns 43%. Six percent (6%) prefer some other candidate, and four percent (4%) are undecided. The president picks up support from just 35% of white voters overall. That’s eight points below the 43% of the white vote he won in 2008. The gender gap is now at 11 points. That’s little changed from the 12-point gap in 2008. Romney leads by 11 among men, and the candidates are even among women. Currently, 23% of the nation's voters Strongly Approve of the way that Obama is performing his role as president. Forty-five percent (45%) strongly disapprove, giving him a Presidential Approval Index rating of –22.
http://www.rasmussenreports.com/public_content/politics/obama_administration/daily_presidential_tracking_poll
World market this week
It is time to begin buying emerging markets on bad news. The emerging markets, whose economies grew more than four-fold in the past decade, have posted their biggest declines since at 1998. The real, ruble and rupee have weakened the most among developing-nation currencies and the yuan has depreciated more than in any other period since its 1994 devaluation. International corporation profit forecasts are falling due to the exchange rates.
Bloomberg belatedly reports that investors have been fleeing the four biggest emerging markets, and Brazil’s consumer default rate rose to the highest level since the recession began in 2009. Prices for Russian oil exports hit an 18-month low, India’s budget deficit widened and Chinese home prices have slumped. But this has happened over the last two years while many advised that the BRICs were good investments. Just look at China the one everyone else said to buy two years ago:
http://finance.yahoo.com/echarts?s=000001.SS+Interactive#symbol=000001.ss;range=5y;compare=;indicator=volume;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;
Now we say that it is time to selectively invest a small amount in the Emerging markets again as others panic and react to what we have seen and told you for two years. While other stocks peaked and slumped this year we see China seems to have bottomed out (though still to be confirmed):
http://finance.yahoo.com/echarts?s=000001.SS+Interactive#symbol=000001.ss;range=6m;compare=;indicator=volume;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;
Emerging markets showed strength.
http://finance.yahoo.com/echarts?s=^BVSP+Interactive#chart1:symbol=^bvsp;range=2y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefine
Germany is showing strength: Choose 2 or 5 years
http://finance.yahoo.com/echarts?s=%5EGDAXI+Interactive#chart2:symbol=^gdaxi;range=2y;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on
The Swiss are showing strength. Choose 2 or 5 years http://finance.yahoo.com/echarts?s=%5ESSMI+Interactive#chart1:symbol=^ssmi;range=2y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
The world crisis will continue as long as a socialist and former member of small communist leftist groups is the president of the USA.
American Economy
Last week
Generally the USA economic indicators were poor the last two weeks. The polls indicate that while Mitt Romney is the leading presidential candidate, most voters still think Obama will be re-elected and hence they think the economy will not recover in the next four years.
This Week
Jun 25 10:00 AM New Home Sales May
Jun 26 9:00 AM Case-Shiller 20-city Index Apr -
Jun 26 10:00 AM Consumer Confidence Jun -
Jun 27 7:00 AM MBA Mortgage Index 06/23
Jun 27 8:30 AM Durable Orders May
Jun 27 8:30 AM Durable Orders -ex Transportation May
Jun 27 10:00 AM Pending Home Sales May
Jun 27 10:30 AM Crude Inventories 06/23
Jun 28 8:30 AM Initial Claims 06/23
Jun 28 8:30 AM Continuing Claims 06/16
Jun 28 8:30 AM GDP - Third Estimate Q1
Jun 28 8:30 AM GDP Deflator - Third Estimate Q1
Jun 29 8:30 AM Personal Income May
Jun 29 8:30 AM Personal Spending May
Jun 29 8:30 AM PCE Prices - Core May
Jun 29 9:45 AM Chicago PMI Jun
Jun 29 9:55 AM Michigan Sentiment - Final Jun
Market outlook June 25, 2012
A sharp decline is possible if the markets to not break out on the upside very soon. Caution is advised.
The imminent US Supreme Court decision on Obama's health care morass is expected as early as Monday, two years after Obama signed into law an act to insure 32 million indigent Americans already given free hospital services. It also prevents coverage from being refused on the basis of patients' medical histories such as from high risk San Francisco lifestyles. However, if you drink too much soda and get too fat you are allowed to be penalized. At the heart of the “Unaffordable Care Act,” dubbed "Obamascares us" lies the individual mandate that requires every US citizen to take out health insurance or be subject to a fine. Constitutionists argue that Congress overstepped its constitutional prerogatives in requiring individuals to buy insurance, while the Obama administration contends that the move is vital to destroying the insurance industry and federalizing healthcare. The nine Supreme Court justices held six hours of oral arguments over three days in late March, the longest time allotted to debating a single issue in more than 45 years. We expect the American Supreme Court will reject nationalized medicine as the EU has continued to reject it for the EU. “Genius” Obama lies or is just stupid whenever he says Europe has nationalized medicine. Britain, France, Germany, etc all have their own systems just as California, Massachusetts and New York have their own systems. Likewise “Genius Obama” lies or is just stupid when he says Europe has a national educational system. The states of the EU can’t even agree on one language. Of course the elite liberal proletariat like “Genius Obama” are too stupid to know any facts about the real world of socialism like Hitler, Stalin, Pol Pot, Mao, Castro, Chavez, and the other “liberal geniuses” that have preceded Obama.
The market volume rose on Friday’s advance but the previous rally did not indicate an upward breakout is immanent. It is likely that the high Court will be split and will throw “Obamascare” back to Congress where nothing will get done until Obama is out of office. In such a case we expect a flat economy until November. We are taking opportunities but quickly taking profits. We are short-term investing, not long-term investing right now. The market is poised to quickly drop as much as 10%. There could even be a panic sell-off soon.
http://finance.yahoo.com/echarts?s=%5ENYA+Interactive#symbol=^nya;range=ytd;compare=;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;
The Dow Theory Industrials and Rails sell signal of August 2, 2011 still holds. We expect the “Walker Rally” to run out of steam if Romney does not open up his lead. However the Walker rally could last a month just as it is with some good news from the EU.
http://finance.yahoo.com/echarts?s=%5EDJT+Interactive#symbol=^djt;range=5y;compare=^dji;indicator=;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined;
Obama is such an incompetent boob; a deep depression can only be prevented if this “proletariat genius” is not 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
The VIX says the market is again complacent and dangerous.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=2y&l=on&z=m&q=l&c=
Baltic Dry Index resumes the decline. The emerging markets may now advance if it rebounds.
http://www.bloomberg.com/quote/BDIY:IND/chart
Stock market update:
Asian markets were down last night. China down -1.6%, Hong Kong down -0.5%%, Singapore down -0.5%, Taiwan down –0.8%, Japan down –0.7%.
European markets were down half way through their day in a range of -0.3% to –2.9%
American market futures are down about –0.7% in after hour trading at 8 AM EST.
Central banks in developed nations are facing the limits of their ability to aid economic recovery as their government efforts to strengthen their finances continue to fall short. Central banks prolong monetary stimulus as governments drag their feet on cutting the size of their governments. Both conventionally and unconventionally accommodative monetary policies are no longer working. Government workers and force arbitration with unions must be let go. The ECB and the US FED are close to exhausting their tools after cutting its benchmark rate to a record low and flooding the world banking system with cash which is now weakening currencies.
The Rasmussen reports daily Presidential Tracking Poll for Saturday shows Mitt Romney attracting 48% of the vote, while President Obama earns 43%. Six percent (6%) prefer some other candidate, and four percent (4%) are undecided. The president picks up support from just 35% of white voters overall. That’s eight points below the 43% of the white vote he won in 2008. The gender gap is now at 11 points. That’s little changed from the 12-point gap in 2008. Romney leads by 11 among men, and the candidates are even among women. Currently, 23% of the nation's voters Strongly Approve of the way that Obama is performing his role as president. Forty-five percent (45%) strongly disapprove, giving him a Presidential Approval Index rating of –22.
http://www.rasmussenreports.com/public_content/politics/obama_administration/daily_presidential_tracking_poll
World market this week
It is time to begin buying emerging markets on bad news. The emerging markets, whose economies grew more than four-fold in the past decade, have posted their biggest declines since at 1998. The real, ruble and rupee have weakened the most among developing-nation currencies and the yuan has depreciated more than in any other period since its 1994 devaluation. International corporation profit forecasts are falling due to the exchange rates.
Bloomberg belatedly reports that investors have been fleeing the four biggest emerging markets, and Brazil’s consumer default rate rose to the highest level since the recession began in 2009. Prices for Russian oil exports hit an 18-month low, India’s budget deficit widened and Chinese home prices have slumped. But this has happened over the last two years while many advised that the BRICs were good investments. Just look at China the one everyone else said to buy two years ago:
http://finance.yahoo.com/echarts?s=000001.SS+Interactive#symbol=000001.ss;range=5y;compare=;indicator=volume;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;
Now we say that it is time to selectively invest a small amount in the Emerging markets again as others panic and react to what we have seen and told you for two years. While other stocks peaked and slumped this year we see China seems to have bottomed out (though still to be confirmed):
http://finance.yahoo.com/echarts?s=000001.SS+Interactive#symbol=000001.ss;range=6m;compare=;indicator=volume;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;
Emerging markets showed strength.
http://finance.yahoo.com/echarts?s=^BVSP+Interactive#chart1:symbol=^bvsp;range=2y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefine
Germany is showing strength: Choose 2 or 5 years
http://finance.yahoo.com/echarts?s=%5EGDAXI+Interactive#chart2:symbol=^gdaxi;range=2y;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on
The Swiss are showing strength. Choose 2 or 5 years http://finance.yahoo.com/echarts?s=%5ESSMI+Interactive#chart1:symbol=^ssmi;range=2y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
The world crisis will continue as long as a socialist and former member of small communist leftist groups is the president of the USA.
American Economy
Last week
Generally the USA economic indicators were poor the last two weeks. The polls indicate that while Mitt Romney is the leading presidential candidate, most voters still think Obama will be re-elected and hence they think the economy will not recover in the next four years.
This Week
Jun 25 10:00 AM New Home Sales May
Jun 26 9:00 AM Case-Shiller 20-city Index Apr -
Jun 26 10:00 AM Consumer Confidence Jun -
Jun 27 7:00 AM MBA Mortgage Index 06/23
Jun 27 8:30 AM Durable Orders May
Jun 27 8:30 AM Durable Orders -ex Transportation May
Jun 27 10:00 AM Pending Home Sales May
Jun 27 10:30 AM Crude Inventories 06/23
Jun 28 8:30 AM Initial Claims 06/23
Jun 28 8:30 AM Continuing Claims 06/16
Jun 28 8:30 AM GDP - Third Estimate Q1
Jun 28 8:30 AM GDP Deflator - Third Estimate Q1
Jun 29 8:30 AM Personal Income May
Jun 29 8:30 AM Personal Spending May
Jun 29 8:30 AM PCE Prices - Core May
Jun 29 9:45 AM Chicago PMI Jun
Jun 29 9:55 AM Michigan Sentiment - Final Jun
Market outlook June 25, 2012
A sharp decline is possible if the markets to not break out on the upside very soon. Caution is advised.
The imminent US Supreme Court decision on Obama's health care morass is expected as early as Monday, two years after Obama signed into law an act to insure 32 million indigent Americans already given free hospital services. It also prevents coverage from being refused on the basis of patients' medical histories such as from high risk San Francisco lifestyles. However, if you drink too much soda and get too fat you are allowed to be penalized. At the heart of the “Unaffordable Care Act,” dubbed "Obamascares us" lies the individual mandate that requires every US citizen to take out health insurance or be subject to a fine. Constitutionists argue that Congress overstepped its constitutional prerogatives in requiring individuals to buy insurance, while the Obama administration contends that the move is vital to destroying the insurance industry and federalizing healthcare. The nine Supreme Court justices held six hours of oral arguments over three days in late March, the longest time allotted to debating a single issue in more than 45 years. We expect the American Supreme Court will reject nationalized medicine as the EU has continued to reject it for the EU. “Genius” Obama lies or is just stupid whenever he says Europe has nationalized medicine. Britain, France, Germany, etc all have their own systems just as California, Massachusetts and New York have their own systems. Likewise “Genius Obama” lies or is just stupid when he says Europe has a national educational system. The states of the EU can’t even agree on one language. Of course the elite liberal proletariat like “Genius Obama” are too stupid to know any facts about the real world of socialism like Hitler, Stalin, Pol Pot, Mao, Castro, Chavez, and the other “liberal geniuses” that have preceded Obama.
The market volume rose on Friday’s advance but the previous rally did not indicate an upward breakout is immanent. It is likely that the high Court will be split and will throw “Obamascare” back to Congress where nothing will get done until Obama is out of office. In such a case we expect a flat economy until November. We are taking opportunities but quickly taking profits. We are short-term investing, not long-term investing right now. The market is poised to quickly drop as much as 10%. There could even be a panic sell-off soon.
http://finance.yahoo.com/echarts?s=%5ENYA+Interactive#symbol=^nya;range=ytd;compare=;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;
The Dow Theory Industrials and Rails sell signal of August 2, 2011 still holds. We expect the “Walker Rally” to run out of steam if Romney does not open up his lead. However the Walker rally could last a month just as it is with some good news from the EU.
http://finance.yahoo.com/echarts?s=%5EDJT+Interactive#symbol=^djt;range=5y;compare=^dji;indicator=;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined;
Obama is such an incompetent boob; a deep depression can only be prevented if this “proletariat genius” is not 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
The VIX says the market is again complacent and dangerous.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=2y&l=on&z=m&q=l&c=
Baltic Dry Index resumes the decline. The emerging markets may now advance if it rebounds.
http://www.bloomberg.com/quote/BDIY:IND/chart
Stock market update:
Asian markets were down last night. China down -1.6%, Hong Kong down -0.5%%, Singapore down -0.5%, Taiwan down –0.8%, Japan down –0.7%.
European markets were down half way through their day in a range of -0.3% to –2.9%
American market futures are down about –0.7% in after hour trading at 8 AM EST.
Monday, June 11, 2012
We expect good stock market news from the Supreme Court this month. We expect the American Supreme court will reject nationalized medicine as the EU has continued to rejected it for the EU. Proletariat “genius” Obama lies or is just stupid whenever he says Europe has nationalized medicine. Britain, France, and Germany etc all have their own systems just as California, Massachusetts, and New York have their own systems. Likewise Genius Obama lies or is just stupid when he says Europe has a national educational system. The states of the EU can’t even agree on one language much less one European history. Of course the elite liberal proletariat like “Genius Obama” are too stupid to know any facts about the real world of socialism like Hitler, Stalin, Pol Pot, Mao, Castro, Chavez, and the other “liberal geniuses” that have preceded Obama.
This blog will resume in less than two weeks. A rally is due at this point especially for the emerging markets that have been depressed for almost a year.
The liberal media does not want to admit that the stagnation of America is Obama's doing. You cannot throw money at freeloaders or to corrupt green-energy sycophants and expect their spending spree to bring America prosperity. Yet that is just what the "genius" Obama thinks. No, it will take spending cuts to freeloaders and sycophants and unionized government workers and teachers to get a good economy and a good educational system. Lately the teacher unions are showing TV adds that compare the USA's low education scores compared with Finland ranked #1. They imply that if we pay them more we can give American children a better education. Yet the "genius" Obama is allowing states to withdraw from "No Children Left Behind" claiming school test scores are meaningless. This shows just what morons we have running the government and schools because they think test scores are good for saying how bad America is but are no good for showing just how bad the unionized teachers stink when it comes to teaching.
The all knowing "genius" Obama-Holder regime sued Maricopa County, the sheriff’s office and sheriff Arpaio on May 10, accusing them of intentionally and systematically arresting illegal immigrants and drug dealers from Mexico. Since Mexicans are Latino’s, arresting Mexican drug dealers and illegal immigrants (according to proletariat geniuses like Obama and Holder) is overt discrimination against Latinos, who Obama and Holder claim are frequently stopped, detained and arrested unfairly for minor offenses like human smuggling, murder, and other Mexican drug cartel behaviors. The Obama-Holder regime said the sheriff’s office also discriminates against Latino prisoners and the sheriff unfairly defends himself from the proletariat genius liberal critics who support and want to re-elect the Obama-Holder regime. Obama-Holder object to the sheriff speaking back and thus daring to defend himself from Obama and Holder who are only exercise the right of the proletariat to dictate to Arizona’s government instead of defending the US border. The defense attorneys for the sheriff’s office said the Obama-Holder suit should be dismissed because the proletariat "genius" Obama-Holder regime bases it on, “anecdotal allegations rather than facts or statistics,” The proletariat genius Obama-Holder regime is unwilling to interfere with the Mexican drug cartel. In fact he Obama-Holder regime is being investigated now by Congress for supplying guns to the drug war lords, using the CIA to train them, and causing the wrongful death of a US Border guard. Sheriff Arpaio, who has been elected five times and has served 20 years in office, said President Barack Obama was going after him to buy the votes of illegal immigrants using the money of American taxpayers in an abuse of presidential power. Proletariat genius Obama claims the Constitution is outdated and he is only using executive power.
Obama's uncle is an illegal immigrant in Boston and has been arrested twice for drunken driving yet illegal immigrants are not permitted by law to get an American driving license. Isn't that illegal too? Was his uncle's license another important Obama executive order?
Oil prices fell last week, heading for the longest run of weekly losses in more than 13 years, on speculation the economies of the U.S. and China (the world’s biggest crude consumers), will slow and curb fuel demand. But Forbes sees tremendous buying again in “UCO.” And China is showing renewed growth. Oil prices may have just bottomed and are ready to rise again.
We could now have a potential short but powerful stock market rally if it looks like the socialist proletariat geniuses will be defeated in America this November. If proletariat genius Obama is re-elected capitalists around the world will take their money and retire in droves and the world will come closer to complete collapse. But we are optimistic, especially for Asia and other emerging markets. There, capitalism is actually growing and we may see capitalism moving in their direction. The Red Chinese are beginning to understand capitalism and have suffered 4000 years of socialist/fascist stagnation. The capitalists in India are growing and of course Singapore and Hong Kong are the eastern capitals of capitalism. That is an area of the world that offers new hope.
World market this week
China cut their discount rate by 0.25%. U.K. factory-output prices unexpectedly fell in May as petroleum products dropped the most since the depths of the financial crisis in 2009. Emerging markets may have finally bottomed for the time being as long as Obama is ejected in November. Survival of American liberty, private ownership, and the right to keep the fruits of one’s labor (free enterprise) of capitalism is essential to the survival of the world economy and hence world peace.
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
Factory Orders Apr prior -0.6% which is bad and manipulated at least twice since last reported. We never realized that Obama’s minions change the data whenever he feels like it. Last Monday even Donald Trump brought it up on Squawk Box. We pointed out the Obama manipulation of American economic data months before anyone else. Can Americans still believe anything Obama says?
Last week
MBA Mortgage Index 06/02 1.3% up from last months -1.3% - good
Productivity-Rev. Q1 -0.9% down from -0.5% - very bad
Unit Labor Costs-Rev Q1 up 1.3% after increasing 2.0% - bad
Crude Inventories 06/02 -0.111M vs. 2.213M makes no sense because it is usually the amount not the change that is reported.
Initial Claims 06/02 383K same as last week when adjusted for Obama 6K manipulation.
Continuing Claims 05/26 3293K up 51Kfrom last week’s 3242K very bad
Jun 7 3:00 PM Consumer Credit Apr 6.5B down sharply from prior $21.4B –very bad
Trade Balance Apr -$50.1B was slightly less negative from -$51.8B
Wholesale Inventories Apr 0.6% up from 0.3% - Bad
This Week we will not be updating the economic factors.
Market outlook June 11, 2012
We expect good stock market news from the Supreme Court this month. We expect the American Supreme Court will reject nationalized medicine as the EU has continued to reject it for the EU. Genius Obama lies or is just stupid whenever he says Europe has nationalized medicine. Britain, France, Germany, Italy, and Spain etc all have their own systems just as California, Massachusetts, and New York have their own systems. Likewise "Genius" Obama lies or is just stupid when he says Europe has a national educational system. The states of the EU can’t even agree on one language. Of course the elite liberal proletariat like “Genius Obama” are too stupid to know any facts about the real world of socialism like Hitler, Stalin, Pol Pot, Mao, Castro, Chavez, and the other “liberal geniuses” that have preceded Obama.
The market is 10% above the next lower resistance level and may not break through it if “genius” Obama continues to fall in the polls. The Walker victory in Wisconsin has given the world hope that Obama will be a one-term president. But if Obama gains in the polls, money will flee America again. Right now the market can recover if Obama fades from view. But it is more likely this rally will collapse in July or August and be a cliffhanger until November.
http://finance.yahoo.com/echarts?s=%5ENYA+Interactive#symbol=^nya;range=ytd;compare=;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;
The Dow Theory Industrials and Rails sell signal of August 2, 2011 still holds. We expect the “Walker Rally” to run out of steam if Romney does not open up his lead. However the Walker rally could last a month just as it is with some good news from the EU.
http://finance.yahoo.com/echarts?s=%5EDJT+Interactive#symbol=^djt;range=5y;compare=^dji;indicator=;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined;
Obama is such an incompetent boob; a deep depression can only be prevented if this “proletariat genius” is not 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
The VIX says the market volatility increases but has a long way to go up to 40 before the market begins to bottom. But it shows the Walker victory has raised market confidence.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=2y&l=on&z=m&q=l&c=
Baltic Dry Index may have just hit bottom. The emerging markets may now advance if it rebounds.
http://www.bloomberg.com/quote/BDIY:IND/chart
Stock market update:
Asian markets were down last night. China up 1.1%, Hong Kong up 2.5%%, Singapore up 1.8%, Taiwan up 1.7%, Japan up 2%.
European markets were up half way through their day in a range of 0.6% to 1.6%
American market futures are up about 0.6% in after hour trading at 8 AM EST.
The liberal media does not want to admit that the stagnation of America is Obama's doing. You cannot throw money at freeloaders or to corrupt green-energy sycophants and expect their spending spree to bring America prosperity. Yet that is just what the "genius" Obama thinks. No, it will take spending cuts to freeloaders and sycophants and unionized government workers and teachers to get a good economy and a good educational system. Lately the teacher unions are showing TV adds that compare the USA's low education scores compared with Finland ranked #1. They imply that if we pay them more we can give American children a better education. Yet the "genius" Obama is allowing states to withdraw from "No Children Left Behind" claiming school test scores are meaningless. This shows just what morons we have running the government and schools because they think test scores are good for saying how bad America is but are no good for showing just how bad the unionized teachers stink when it comes to teaching.
The all knowing "genius" Obama-Holder regime sued Maricopa County, the sheriff’s office and sheriff Arpaio on May 10, accusing them of intentionally and systematically arresting illegal immigrants and drug dealers from Mexico. Since Mexicans are Latino’s, arresting Mexican drug dealers and illegal immigrants (according to proletariat geniuses like Obama and Holder) is overt discrimination against Latinos, who Obama and Holder claim are frequently stopped, detained and arrested unfairly for minor offenses like human smuggling, murder, and other Mexican drug cartel behaviors. The Obama-Holder regime said the sheriff’s office also discriminates against Latino prisoners and the sheriff unfairly defends himself from the proletariat genius liberal critics who support and want to re-elect the Obama-Holder regime. Obama-Holder object to the sheriff speaking back and thus daring to defend himself from Obama and Holder who are only exercise the right of the proletariat to dictate to Arizona’s government instead of defending the US border. The defense attorneys for the sheriff’s office said the Obama-Holder suit should be dismissed because the proletariat "genius" Obama-Holder regime bases it on, “anecdotal allegations rather than facts or statistics,” The proletariat genius Obama-Holder regime is unwilling to interfere with the Mexican drug cartel. In fact he Obama-Holder regime is being investigated now by Congress for supplying guns to the drug war lords, using the CIA to train them, and causing the wrongful death of a US Border guard. Sheriff Arpaio, who has been elected five times and has served 20 years in office, said President Barack Obama was going after him to buy the votes of illegal immigrants using the money of American taxpayers in an abuse of presidential power. Proletariat genius Obama claims the Constitution is outdated and he is only using executive power.
Obama's uncle is an illegal immigrant in Boston and has been arrested twice for drunken driving yet illegal immigrants are not permitted by law to get an American driving license. Isn't that illegal too? Was his uncle's license another important Obama executive order?
Oil prices fell last week, heading for the longest run of weekly losses in more than 13 years, on speculation the economies of the U.S. and China (the world’s biggest crude consumers), will slow and curb fuel demand. But Forbes sees tremendous buying again in “UCO.” And China is showing renewed growth. Oil prices may have just bottomed and are ready to rise again.
We could now have a potential short but powerful stock market rally if it looks like the socialist proletariat geniuses will be defeated in America this November. If proletariat genius Obama is re-elected capitalists around the world will take their money and retire in droves and the world will come closer to complete collapse. But we are optimistic, especially for Asia and other emerging markets. There, capitalism is actually growing and we may see capitalism moving in their direction. The Red Chinese are beginning to understand capitalism and have suffered 4000 years of socialist/fascist stagnation. The capitalists in India are growing and of course Singapore and Hong Kong are the eastern capitals of capitalism. That is an area of the world that offers new hope.
World market this week
China cut their discount rate by 0.25%. U.K. factory-output prices unexpectedly fell in May as petroleum products dropped the most since the depths of the financial crisis in 2009. Emerging markets may have finally bottomed for the time being as long as Obama is ejected in November. Survival of American liberty, private ownership, and the right to keep the fruits of one’s labor (free enterprise) of capitalism is essential to the survival of the world economy and hence world peace.
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
Factory Orders Apr prior -0.6% which is bad and manipulated at least twice since last reported. We never realized that Obama’s minions change the data whenever he feels like it. Last Monday even Donald Trump brought it up on Squawk Box. We pointed out the Obama manipulation of American economic data months before anyone else. Can Americans still believe anything Obama says?
Last week
MBA Mortgage Index 06/02 1.3% up from last months -1.3% - good
Productivity-Rev. Q1 -0.9% down from -0.5% - very bad
Unit Labor Costs-Rev Q1 up 1.3% after increasing 2.0% - bad
Crude Inventories 06/02 -0.111M vs. 2.213M makes no sense because it is usually the amount not the change that is reported.
Initial Claims 06/02 383K same as last week when adjusted for Obama 6K manipulation.
Continuing Claims 05/26 3293K up 51Kfrom last week’s 3242K very bad
Jun 7 3:00 PM Consumer Credit Apr 6.5B down sharply from prior $21.4B –very bad
Trade Balance Apr -$50.1B was slightly less negative from -$51.8B
Wholesale Inventories Apr 0.6% up from 0.3% - Bad
This Week we will not be updating the economic factors.
Market outlook June 11, 2012
We expect good stock market news from the Supreme Court this month. We expect the American Supreme Court will reject nationalized medicine as the EU has continued to reject it for the EU. Genius Obama lies or is just stupid whenever he says Europe has nationalized medicine. Britain, France, Germany, Italy, and Spain etc all have their own systems just as California, Massachusetts, and New York have their own systems. Likewise "Genius" Obama lies or is just stupid when he says Europe has a national educational system. The states of the EU can’t even agree on one language. Of course the elite liberal proletariat like “Genius Obama” are too stupid to know any facts about the real world of socialism like Hitler, Stalin, Pol Pot, Mao, Castro, Chavez, and the other “liberal geniuses” that have preceded Obama.
The market is 10% above the next lower resistance level and may not break through it if “genius” Obama continues to fall in the polls. The Walker victory in Wisconsin has given the world hope that Obama will be a one-term president. But if Obama gains in the polls, money will flee America again. Right now the market can recover if Obama fades from view. But it is more likely this rally will collapse in July or August and be a cliffhanger until November.
http://finance.yahoo.com/echarts?s=%5ENYA+Interactive#symbol=^nya;range=ytd;compare=;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;
The Dow Theory Industrials and Rails sell signal of August 2, 2011 still holds. We expect the “Walker Rally” to run out of steam if Romney does not open up his lead. However the Walker rally could last a month just as it is with some good news from the EU.
http://finance.yahoo.com/echarts?s=%5EDJT+Interactive#symbol=^djt;range=5y;compare=^dji;indicator=;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined;
Obama is such an incompetent boob; a deep depression can only be prevented if this “proletariat genius” is not 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
The VIX says the market volatility increases but has a long way to go up to 40 before the market begins to bottom. But it shows the Walker victory has raised market confidence.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=2y&l=on&z=m&q=l&c=
Baltic Dry Index may have just hit bottom. The emerging markets may now advance if it rebounds.
http://www.bloomberg.com/quote/BDIY:IND/chart
Stock market update:
Asian markets were down last night. China up 1.1%, Hong Kong up 2.5%%, Singapore up 1.8%, Taiwan up 1.7%, Japan up 2%.
European markets were up half way through their day in a range of 0.6% to 1.6%
American market futures are up about 0.6% in after hour trading at 8 AM EST.
Friday, June 8, 2012
We expect good stock market news from the Supreme Court this month. We expect the American Supreme court will reject nationalized medicine as the EU has rejected it. Obama lies or is just stupid whenever he says Europe has nationalized medicine. Britain, France, Germany Italy, Greece, Spain etc all have their own systems just as California, Massachusetts, and New York have their own systems. Likewise Obama lies or is just stupid when he says Europe has a national educational system. The states of the EU can’t even agree on one language.
Obama leaked so much information that the Pakistani doctor who helped the Central Intelligence Agency pin down Osama bin Laden’s location under the cover of a vaccination drive was convicted of treason in Pakistan and sentenced to 33 years in prison. Thank you all you stupid Obama-Holder braggarts for spilling you mental beans! There is no self-esteem problem in the USA. Every ignorant big-mouthed dummy thinks she/he is a genius and is still voting for Obama. Obama pollsters say far more American women than men are stupid enough to believe in Obama’s socialism. Barack Obama has spent much of his term trying to court and get Chancellor Angela Merkel into his imbecilic corner, only to find the German women unlike American women, are too smart for him.
http://www.nytimes.com/2012/05/24/world/asia/doctor-who-helped-find-bin-laden-given-jail-term-official-says.html
http://www.calgaryherald.com/news/Pakistani+doctor+gets+year+prison+sentence+helping+find+Osama+Laden/6665932/story.html
http://www.bloomberg.com/news/2012-06-07/obama-seeking-ally-on-euro-response-finds-merkel-a-tough-sell.html
http://www.military.com/daily-news/2012/06/06/mccain-classified-leaks-done-to-boost-obama.html?ESRC=eb.nl
The reason the free world is collapsing is due to Obama’s desire for European socialism that is driving all capitalists (both foreign and American) to take early retirement or take money out of the system. You are either at the socialist’s table or they have you on their menu. That means industrious people are taking their money and going some place secure where they can retire in safety. Ayn Rand, another highly intelligent woman, called that process “Atlas Shrugging.”
Oil fell a second day in New York, heading for the longest run of weekly losses in more than 13 years, on speculation the economies of the U.S. and China, the world’s biggest crude consumers, will slow and curb fuel demand. But Forbes sees tremendous buying again in “UCO.” This could now be the low for the stock market if it looks like socialism will be defeated in America this November. If Obama wins re-election capitalists around the world will take their money and retire in droves and the world will come closer to complete collapse. But we are optimistic, especially for Asia and other emerging markets. There, capitalism is actually growing and we may see capitalism moving in their direction. The Red Chinese are beginning to understand capitalism and have suffered less than 4000 years of socialist/fascist stagnation. The capitalists in India are growing and of course Singapore and Hong Kong are eastern capitals of capitalism. That is an area of the world that offers new hope.
Homeownership hit a 15-yr. low in April of 2012 under Obama socialist fascism. The last time the rate hit 65.4 percent was in the first quarter of 1997 under Bill Clinton. The rate peaked at 69.2 percent in the fourth quarter of 2004 under George Bush. Obama will be known more for being an American disaster than for being an American president. 3.8% fewer people in America have homes since Obama and Barney Frank forced Liar Loans on the American real estate industry. And Obama Liar loans are still forced upon the RE industry. The Obama-Holder administration is rotten to the core.
http://www.businessweek.com/ap/2012-04/D9UFJ0O80.htm
World market this week
Greece could default on 360 billion Euro’s of debt within by July. Elections will be held and we will know who was elected in two weeks. The socialists who wish to default are leading. That would cause a $100 billion euro run on Spain’s banks and open Italy and Ireland up to the same scenario. Spain needs $50 billion soon to manage their current run. Spain’s 10-year government bonds just fell, snapping a six-day run of gains that was the longest rally since February, after Fitch Ratings cut the nation’s credit grade to within two steps of junk.
China cut their discount rate by 0.25%. Rampant corruption in the governments in both Hong Kong and Macau is being investigated as developers are forced to bribe officials to overcome the socialist fraud and corruption. Socialist regulation exists solely to allow commissars to collect bribes the way Russia’s Putin has built up his fortune. Putin demanded $2million from Wall Mart to open a store. Regulations are the way corrupt governments supplement their personal incomes and have no social value. Free enterprise removes corruption by removing the reason commissars exist. Socialist regulation adds no value it necessary only for corruption..
German exports slid 1.7 percent in April from a month earlier the Federal Statistics Office in Wiesbaden said. Italian output declined 1.9 percent from March the national statistics office said in Rome. Production slid 9.2 percent from a year ago. “The ground in Europe is still shaking and there are still problems there,” said Alex Sinton, director for institutional foreign exchange of Australia & New Zealand.
Oil prices have likely hit its low for this year. U.K. factory-output prices unexpectedly fell in May as petroleum products dropped the most since the depths of the financial crisis in 2009. Emerging markets may have finally bottomed for the time being as long as Obama is ejected in November. Survival of American liberty, private ownership, and the right to keep the fruits of one’s labor (free enterprise) of capitalism is essential to the survival of the world economy and hence world peace.
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
Former speaker of the House of Representatives Newt Gingrich said America would become like Europe if Obama were elected. He is a perennial optimist. Most people fear Obama can only deliver something more like the Nigerian or Indonesian economies he grew up in.
Factory Orders Apr prior -0.6% which is bad and manipulated at least twice since last reported. We never realized that Obama’s minions change the data whenever he feels like it. Today even Donald Trump brought it up on Squawk Box. We pointed out the Obama manipulation of American economic data months before anyone else.
Obama reported ISM Services in May at 53.7 vs. 53.5 last month. It is virtually unchanged, but can Americans still believe anything Obama says?
Yesterday
MBA Mortgage Index 06/02 1.3% up from last months -1.3% - good
Productivity-Rev. Q1 -0.9% down from -0.5% - very bad
Unit Labor Costs-Rev Q1 up 1.3% after increasing 2.0% - bad
Crude Inventories 06/02 -0.111M vs. 2.213M makes no sense because it is usually the amount not the change that is reported.
Today
Initial Claims 06/02 383K same as last week when adjusted for Obama 6K manipulation.
Continuing Claims 05/26 3293K up 51Kfrom last week’s 3242K
Jun 7 3:00 PM Consumer Credit Apr prior $21.4B -
This Week
Jun 8 8:30 AM Trade Balance Apr prior -$51.8B -
Jun 8 10:00 AM Wholesale Inventories Apr prior 0.3%
Market outlook June 8, 2012
We expect good stock market news from the Supreme Court this month. We expect the American Supreme court will reject nationalized medicine as the EU has rejected it. Obama lies or is just stupid whenever he says Europe has nationalized medicine. Britain, France, Germany Italy, Greece, Spain etc all have their own systems just as California, Massachusetts, and New York have their own systems. Likewise Obama lies or is just stupid when he says Europe has a national educational system. The states of the EU can’t even agree on one language. They however agree to use English for business. California has a bigger GDP than either Canada or Mexico. Each state in America is bigger than some other nations. Even Rhode Island is larger population than many little nations like Monaco and Liechtenstein.
The market is 10% above the next resistance level and may only touch it if Obama continues to fall in the polls. The Walker victory in Wisconsin has given the world hope that Obama will be a one-term president. But if Obama gains in the polls, money will flee America again. Right now the market can recover if Obama fades from view.
http://finance.yahoo.com/echarts?s=%5ENYA+Interactive#symbol=^nya;range=ytd;compare=;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;
The Dow Theory Industrials and Rails sell signal of August 2, 2011 still holds. We expect the “Walker Rally” to run out of steam if Romney does not opened up his lead. However the Walker rally could last a month just as it is.
http://finance.yahoo.com/echarts?s=%5EDJT+Interactive#symbol=^djt;range=5y;compare=^dji;indicator=;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined;
On a quarterly cycle basis (look at 6 months), on an annual cycle basis (look 2009 to today) and on an economic business cycle basis (up to 20 + years) it appears we have had head and shoulders sell signals. Another immediate 15% drop is likely to quickly occur if the Obama-Holder regime is re-elected. Recently the liberal’s data manipulators have now cut off stock market data below 2003 so you can no longer see Obama’s 20+ year business cycle collapse. The sell signal and a “Great Obama Depression” are what the market shows for Obama. It has happened because Obama is such an incompetent president. It can be prevented if Obama is not 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
The VIX says the market volatility increases but has a long way to go up to 40 before the market begins to bottom. But it shows the Walker victory has raised market confidence.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=2y&l=on&z=m&q=l&c=
Baltic Dry Index has collapse looks like a disaster for China in particular after first collapsing 90% since the Obama-Holder regime was elected and is now down 93%. This is saying world trade has collapsed under the Obama socialist contraction as productive Americans shrug off socialism and hope Obama socialism fails miserably or else Atlas will shrug and will move out of America where he has lived for over 230 years.
http://www.bloomberg.com/quote/BDIY:IND/chart
Stock market update:
Asian markets were down last night. China down –0.5%, Hong Kong down -0.9%, Singapore down -0.8%, Taiwan down –1.1%, Japan down -2.1%.
European markets were up halfway through their day in a range of -0.3% to –1.5%
American market futures are down about -0.4% in after hour trading at 8:30 AM EST. The states of the EU can’t even agree on one language. They however agree to use English for business. California has a bigger GDP than either Canada or Mexico. Each state in America is bigger than some other nations. Even Rhode Island is larger population than many little nations and city-state nations like Monaco and Liechtenstein.
http://www.nytimes.com/2012/05/24/world/asia/doctor-who-helped-find-bin-laden-given-jail-term-official-says.html
http://www.calgaryherald.com/news/Pakistani+doctor+gets+year+prison+sentence+helping+find+Osama+Laden/6665932/story.html
http://www.bloomberg.com/news/2012-06-07/obama-seeking-ally-on-euro-response-finds-merkel-a-tough-sell.html
http://www.military.com/daily-news/2012/06/06/mccain-classified-leaks-done-to-boost-obama.html?ESRC=eb.nl
The reason the free world is collapsing is due to Obama’s desire for European socialism that is driving all capitalists (both foreign and American) to take early retirement or take money out of the system. You are either at the socialist’s table or they have you on their menu. That means industrious people are taking their money and going some place secure where they can retire in safety. Ayn Rand, another highly intelligent woman, called that process “Atlas Shrugging.”
Oil fell a second day in New York, heading for the longest run of weekly losses in more than 13 years, on speculation the economies of the U.S. and China, the world’s biggest crude consumers, will slow and curb fuel demand. But Forbes sees tremendous buying again in “UCO.” This could now be the low for the stock market if it looks like socialism will be defeated in America this November. If Obama wins re-election capitalists around the world will take their money and retire in droves and the world will come closer to complete collapse. But we are optimistic, especially for Asia and other emerging markets. There, capitalism is actually growing and we may see capitalism moving in their direction. The Red Chinese are beginning to understand capitalism and have suffered less than 4000 years of socialist/fascist stagnation. The capitalists in India are growing and of course Singapore and Hong Kong are eastern capitals of capitalism. That is an area of the world that offers new hope.
Homeownership hit a 15-yr. low in April of 2012 under Obama socialist fascism. The last time the rate hit 65.4 percent was in the first quarter of 1997 under Bill Clinton. The rate peaked at 69.2 percent in the fourth quarter of 2004 under George Bush. Obama will be known more for being an American disaster than for being an American president. 3.8% fewer people in America have homes since Obama and Barney Frank forced Liar Loans on the American real estate industry. And Obama Liar loans are still forced upon the RE industry. The Obama-Holder administration is rotten to the core.
http://www.businessweek.com/ap/2012-04/D9UFJ0O80.htm
World market this week
Greece could default on 360 billion Euro’s of debt within by July. Elections will be held and we will know who was elected in two weeks. The socialists who wish to default are leading. That would cause a $100 billion euro run on Spain’s banks and open Italy and Ireland up to the same scenario. Spain needs $50 billion soon to manage their current run. Spain’s 10-year government bonds just fell, snapping a six-day run of gains that was the longest rally since February, after Fitch Ratings cut the nation’s credit grade to within two steps of junk.
China cut their discount rate by 0.25%. Rampant corruption in the governments in both Hong Kong and Macau is being investigated as developers are forced to bribe officials to overcome the socialist fraud and corruption. Socialist regulation exists solely to allow commissars to collect bribes the way Russia’s Putin has built up his fortune. Putin demanded $2million from Wall Mart to open a store. Regulations are the way corrupt governments supplement their personal incomes and have no social value. Free enterprise removes corruption by removing the reason commissars exist. Socialist regulation adds no value it necessary only for corruption..
German exports slid 1.7 percent in April from a month earlier the Federal Statistics Office in Wiesbaden said. Italian output declined 1.9 percent from March the national statistics office said in Rome. Production slid 9.2 percent from a year ago. “The ground in Europe is still shaking and there are still problems there,” said Alex Sinton, director for institutional foreign exchange of Australia & New Zealand.
Oil prices have likely hit its low for this year. U.K. factory-output prices unexpectedly fell in May as petroleum products dropped the most since the depths of the financial crisis in 2009. Emerging markets may have finally bottomed for the time being as long as Obama is ejected in November. Survival of American liberty, private ownership, and the right to keep the fruits of one’s labor (free enterprise) of capitalism is essential to the survival of the world economy and hence world peace.
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
Former speaker of the House of Representatives Newt Gingrich said America would become like Europe if Obama were elected. He is a perennial optimist. Most people fear Obama can only deliver something more like the Nigerian or Indonesian economies he grew up in.
Factory Orders Apr prior -0.6% which is bad and manipulated at least twice since last reported. We never realized that Obama’s minions change the data whenever he feels like it. Today even Donald Trump brought it up on Squawk Box. We pointed out the Obama manipulation of American economic data months before anyone else.
Obama reported ISM Services in May at 53.7 vs. 53.5 last month. It is virtually unchanged, but can Americans still believe anything Obama says?
Yesterday
MBA Mortgage Index 06/02 1.3% up from last months -1.3% - good
Productivity-Rev. Q1 -0.9% down from -0.5% - very bad
Unit Labor Costs-Rev Q1 up 1.3% after increasing 2.0% - bad
Crude Inventories 06/02 -0.111M vs. 2.213M makes no sense because it is usually the amount not the change that is reported.
Today
Initial Claims 06/02 383K same as last week when adjusted for Obama 6K manipulation.
Continuing Claims 05/26 3293K up 51Kfrom last week’s 3242K
Jun 7 3:00 PM Consumer Credit Apr prior $21.4B -
This Week
Jun 8 8:30 AM Trade Balance Apr prior -$51.8B -
Jun 8 10:00 AM Wholesale Inventories Apr prior 0.3%
Market outlook June 8, 2012
We expect good stock market news from the Supreme Court this month. We expect the American Supreme court will reject nationalized medicine as the EU has rejected it. Obama lies or is just stupid whenever he says Europe has nationalized medicine. Britain, France, Germany Italy, Greece, Spain etc all have their own systems just as California, Massachusetts, and New York have their own systems. Likewise Obama lies or is just stupid when he says Europe has a national educational system. The states of the EU can’t even agree on one language. They however agree to use English for business. California has a bigger GDP than either Canada or Mexico. Each state in America is bigger than some other nations. Even Rhode Island is larger population than many little nations like Monaco and Liechtenstein.
The market is 10% above the next resistance level and may only touch it if Obama continues to fall in the polls. The Walker victory in Wisconsin has given the world hope that Obama will be a one-term president. But if Obama gains in the polls, money will flee America again. Right now the market can recover if Obama fades from view.
http://finance.yahoo.com/echarts?s=%5ENYA+Interactive#symbol=^nya;range=ytd;compare=;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;
The Dow Theory Industrials and Rails sell signal of August 2, 2011 still holds. We expect the “Walker Rally” to run out of steam if Romney does not opened up his lead. However the Walker rally could last a month just as it is.
http://finance.yahoo.com/echarts?s=%5EDJT+Interactive#symbol=^djt;range=5y;compare=^dji;indicator=;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined;
On a quarterly cycle basis (look at 6 months), on an annual cycle basis (look 2009 to today) and on an economic business cycle basis (up to 20 + years) it appears we have had head and shoulders sell signals. Another immediate 15% drop is likely to quickly occur if the Obama-Holder regime is re-elected. Recently the liberal’s data manipulators have now cut off stock market data below 2003 so you can no longer see Obama’s 20+ year business cycle collapse. The sell signal and a “Great Obama Depression” are what the market shows for Obama. It has happened because Obama is such an incompetent president. It can be prevented if Obama is not 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
The VIX says the market volatility increases but has a long way to go up to 40 before the market begins to bottom. But it shows the Walker victory has raised market confidence.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=2y&l=on&z=m&q=l&c=
Baltic Dry Index has collapse looks like a disaster for China in particular after first collapsing 90% since the Obama-Holder regime was elected and is now down 93%. This is saying world trade has collapsed under the Obama socialist contraction as productive Americans shrug off socialism and hope Obama socialism fails miserably or else Atlas will shrug and will move out of America where he has lived for over 230 years.
http://www.bloomberg.com/quote/BDIY:IND/chart
Stock market update:
Asian markets were down last night. China down –0.5%, Hong Kong down -0.9%, Singapore down -0.8%, Taiwan down –1.1%, Japan down -2.1%.
European markets were up halfway through their day in a range of -0.3% to –1.5%
American market futures are down about -0.4% in after hour trading at 8:30 AM EST. The states of the EU can’t even agree on one language. They however agree to use English for business. California has a bigger GDP than either Canada or Mexico. Each state in America is bigger than some other nations. Even Rhode Island is larger population than many little nations and city-state nations like Monaco and Liechtenstein.
Thursday, June 7, 2012
Atlas, in America, has begun to shrug and may renounce his American citizenship and retire somewhere where there is still freedom from socialists. Intelligent hard working people are no longer coming to America in significant numbers. Corrupt and lazy socialists are coming to America in droves now because they can dissipate American wealth. Until Americans throw out all the ruling socialist bums, things can only get worse in America.
Obama ignored D-Day World War II commemoration for the third year in a row.
Most new Obama jobs are parttime hamburger helpers, or corrupt green scams, and nothing to boast about.
Atlas just shrugged a little in California. Two California cities handily defeated an effort by fascist union thugs and socialist activists by voting down 60% to 40% their socialist pension theft of taxpayer wealth. The Union thieves immediately sued to try to bankrupt the communities which means the lawyer sharks and bottom feeders will get more but the unions will get even less.
Obama is leaking classified information to boost his image. Congress will begin an investigation of security leaks by Obama operatives. The post-Osama raid leaks compromised all the information the Navy Seals had risked their lives to obtain. Obama operatives warned the Al Quada command that their locations were known so that America’s enemy could change their hideouts. Obama operatives also leaked the sabotage of the Iranian nuclear program. Even Wikileaks was supported by Obama operatives to undermine American secrecy and to help socialist take power by discrediting America.
http://www.military.com/daily-news/2012/06/06/mccain-classified-leaks-done-to-boost-obama.html?ESRC=eb.nl
Homeownership hit a 15-yr. low in April of 2012 under Obama socialist fascism. The last time the rate hit 65.4 percent was in the first quarter of 1997 under Bill Clinton. The rate peaked at 69.2 percent in the fourth quarter of 2004 under George Bush. Obama will be known more for being an American disaster than for being an American president. 3.8% fewer people in America have homes since Obama and Barney Frank forced Liar Loans on the American real estate industry. And since Obama took office Obama Liar loans are still forced upon the RE industry. The Obama-Holder administration is rotten to the core.
http://www.businessweek.com/ap/2012-04/D9UFJ0O80.htm
World market this week
The crises in Spain eases. Spain sold its benchmark 10-year bond at 6.044 percent, the best since Nov. 17 when the yield in the secondary market reached a euro-era record 6.78 percent. Demand for the security was 3.29 times the amount sold. In the secondary market Spain’s 10- year bond yield fell .12 % to 5.679 percent.
China cut their discount rate by 0.25%. Rampant corruption in the governments in both Hong Kong and Macau is being investigated as developers are forced to bribe officials to overcome the socialist fraud and corruption. Socialist regulation exists solely to allow commissars to collect bribes the way Russia’s Putin has built up his fortune. Putin demanded $2million from Wall Mart to open a store. Regulations are the way corrupt governments supplement their personal incomes and have no social value. Free enterprise removes corruption by removing the reason commissars exist. Socialist regulation adds no value it necessary only for corruption..
The stock market in Greece is down 90% since early 2008. The prolonged crisis is worsening Greece’s chronic difficulties with legal tax avoidance that has helped wreak havoc on the socialist-fascist’s redistribution of wealth. John Gault is active and the wealth producers in Greece said enough is enough and Atlas has shrugging off the weight of socialist-fascist despotism. Obama is such a raging socialist fool because he does not realize that Atlas cannot be bound in chains. You cannot enslave Atlas. When you try, Atlas just shrugs his shoulders and walks away from the communist and socialist despots. The stock market in Greece continues to tumble as socialist fascists dismantle the country.
http://finance.yahoo.com/q/ta?s=GD.AT&t=5y&l=on&z=l&q=l&p=&a=&c=
German bonds weakened and Spanish government bonds rose for a sixth day. European policy makers are accelerating measures to guarantee deposits and dampen demand for the safest assets.
Socialist Hollande sold as much as 7.84 billion euros ($9.9 billion) in debt as austerity is set aside and France dissipates the gains made by the previous government. Nothing ever gets better under socialist dissipation.
Emerging markets may have bottomed for the time being..
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
Factory Orders Apr prior -0.6% which is bad and manipulated at least twice since last reported. We never realized that Obama’s minions change the data whenever he feels like it. Today even Donald Trump brought it up on Squawk Box. We pointed out the Obama manipulation of American economic data months before anyone else.
Obama reported ISM Services in May at 53.7 vs. 53.5 last month. It is virtually unchanged, but can Americans still believe anything Obama says?
Yesterday
MBA Mortgage Index 06/02 1.3% up from last months -1.3% - good
Productivity-Rev. Q1 -0.9% down from -0.5% - very bad
Unit Labor Costs-Rev Q1 up 1.3% after increasing 2.0% - bad
Crude Inventories 06/02 -0.111M vs. 2.213M makes no sense because it is usually the amount not the change that is reported.
Today
Jun 7 8:30 AM Initial Claims 06/02 - prior 383K -
Jun 7 8:30 AM Continuing Claims 05/26 prior 3242K -
Jun 7 3:00 PM Consumer Credit Apr prior $21.4B -
This Week
Jun 8 8:30 AM Trade Balance Apr prior -$51.8B -
Jun 8 10:00 AM Wholesale Inventories Apr prior 0.3%
Market outlook June 7, 2012
Yesterday we said the market is oversold and requires a Walker rally and it stated. The downside risk for the US stock markets is still about 15%. But since Scott Walker got a vote of confidence, it will be much harder for comrade Obama to survive in November and we could now be finally in a “throw the bum Obama out” stock market rally. The NYSE is told Americans that Obama is a National disaster and yesterday said it liked the Walker victory and the taxpayer rebellion in two California cities. This optimism may continue for a week or two more but we must remember that Obama has put half of America on some type of assistance to buy their votes. Atlas in America has begun to shrug and may renounce his American citizenship and retire somewhere where there is still freedom from socialists. Intelligent hard working people are no longer coming to America in significant numbers. Corrupt and lazy socialists are coming to America in droves now because they can dissipate American wealth. Until Americans throw out the ruling socialist bums, things can only get worse in America.
http://finance.yahoo.com/echarts?s=%5ENYA+Interactive#symbol=^nya;range=ytd;compare=;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;
The DOW Industrial’s confirmed the Dow Rails sell signal a few weeks ago which means there was never a confirmed DOW buy signal since the decline began on August 2, of 2011. The Dow Theory Industrials and Rails sell signal of August 2, 2011 still holds. We expect the “Walker Rally” to run out of steam based on surveys showing that Romney has not opened up his lead.
http://finance.yahoo.com/echarts?s=%5EDJT+Interactive#symbol=^djt;range=5y;compare=^dji;indicator=;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined;
On a quarterly cycle basis (look at 6 months), on an annual cycle basis (look 2009 to today) and on an economic business cycle basis (up to 20 + years) it appears we have had head and shoulders sell signals. Another immediate 15% drop is likely to quickly occur if the Obama-Holder regime is re-elected. Recently the liberal’s data manipulators have now cut off stock market data below 2003 so you can no longer see Obama’s 20+ year business cycle collapse.
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 says the market volatility increases but has a long way to go up to 40 before the market begins to bottom. But it shows the Walker victory has raised market confidence.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=2y&l=on&z=m&q=l&c=
Baltic Dry Index has collapse looks like a disaster for China in particular after first collapsing 90% since the Obama-Holder regime was elected and is now down 93%. This is saying world trade has collapsed under the Obama socialist contraction as productive Americans shrug off socialism and hope Obama socialism fails miserably or else Atlas will shrug and will move out of America where he has lived for over 230 years.
http://www.bloomberg.com/quote/BDIY:IND/chart
Stock market update:
Asian markets were up last night. China down –0.7%, Hong Kong up 0.9%, Singapore down -0.1%, Japan up 1.2%.
European markets were up half way through their day in a range of +0.3% to +2.1%
American market futures are up about 0.5% in after hour trading at 8 AM EST.
Most new Obama jobs are parttime hamburger helpers, or corrupt green scams, and nothing to boast about.
Atlas just shrugged a little in California. Two California cities handily defeated an effort by fascist union thugs and socialist activists by voting down 60% to 40% their socialist pension theft of taxpayer wealth. The Union thieves immediately sued to try to bankrupt the communities which means the lawyer sharks and bottom feeders will get more but the unions will get even less.
Obama is leaking classified information to boost his image. Congress will begin an investigation of security leaks by Obama operatives. The post-Osama raid leaks compromised all the information the Navy Seals had risked their lives to obtain. Obama operatives warned the Al Quada command that their locations were known so that America’s enemy could change their hideouts. Obama operatives also leaked the sabotage of the Iranian nuclear program. Even Wikileaks was supported by Obama operatives to undermine American secrecy and to help socialist take power by discrediting America.
http://www.military.com/daily-news/2012/06/06/mccain-classified-leaks-done-to-boost-obama.html?ESRC=eb.nl
Homeownership hit a 15-yr. low in April of 2012 under Obama socialist fascism. The last time the rate hit 65.4 percent was in the first quarter of 1997 under Bill Clinton. The rate peaked at 69.2 percent in the fourth quarter of 2004 under George Bush. Obama will be known more for being an American disaster than for being an American president. 3.8% fewer people in America have homes since Obama and Barney Frank forced Liar Loans on the American real estate industry. And since Obama took office Obama Liar loans are still forced upon the RE industry. The Obama-Holder administration is rotten to the core.
http://www.businessweek.com/ap/2012-04/D9UFJ0O80.htm
World market this week
The crises in Spain eases. Spain sold its benchmark 10-year bond at 6.044 percent, the best since Nov. 17 when the yield in the secondary market reached a euro-era record 6.78 percent. Demand for the security was 3.29 times the amount sold. In the secondary market Spain’s 10- year bond yield fell .12 % to 5.679 percent.
China cut their discount rate by 0.25%. Rampant corruption in the governments in both Hong Kong and Macau is being investigated as developers are forced to bribe officials to overcome the socialist fraud and corruption. Socialist regulation exists solely to allow commissars to collect bribes the way Russia’s Putin has built up his fortune. Putin demanded $2million from Wall Mart to open a store. Regulations are the way corrupt governments supplement their personal incomes and have no social value. Free enterprise removes corruption by removing the reason commissars exist. Socialist regulation adds no value it necessary only for corruption..
The stock market in Greece is down 90% since early 2008. The prolonged crisis is worsening Greece’s chronic difficulties with legal tax avoidance that has helped wreak havoc on the socialist-fascist’s redistribution of wealth. John Gault is active and the wealth producers in Greece said enough is enough and Atlas has shrugging off the weight of socialist-fascist despotism. Obama is such a raging socialist fool because he does not realize that Atlas cannot be bound in chains. You cannot enslave Atlas. When you try, Atlas just shrugs his shoulders and walks away from the communist and socialist despots. The stock market in Greece continues to tumble as socialist fascists dismantle the country.
http://finance.yahoo.com/q/ta?s=GD.AT&t=5y&l=on&z=l&q=l&p=&a=&c=
German bonds weakened and Spanish government bonds rose for a sixth day. European policy makers are accelerating measures to guarantee deposits and dampen demand for the safest assets.
Socialist Hollande sold as much as 7.84 billion euros ($9.9 billion) in debt as austerity is set aside and France dissipates the gains made by the previous government. Nothing ever gets better under socialist dissipation.
Emerging markets may have bottomed for the time being..
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
Factory Orders Apr prior -0.6% which is bad and manipulated at least twice since last reported. We never realized that Obama’s minions change the data whenever he feels like it. Today even Donald Trump brought it up on Squawk Box. We pointed out the Obama manipulation of American economic data months before anyone else.
Obama reported ISM Services in May at 53.7 vs. 53.5 last month. It is virtually unchanged, but can Americans still believe anything Obama says?
Yesterday
MBA Mortgage Index 06/02 1.3% up from last months -1.3% - good
Productivity-Rev. Q1 -0.9% down from -0.5% - very bad
Unit Labor Costs-Rev Q1 up 1.3% after increasing 2.0% - bad
Crude Inventories 06/02 -0.111M vs. 2.213M makes no sense because it is usually the amount not the change that is reported.
Today
Jun 7 8:30 AM Initial Claims 06/02 - prior 383K -
Jun 7 8:30 AM Continuing Claims 05/26 prior 3242K -
Jun 7 3:00 PM Consumer Credit Apr prior $21.4B -
This Week
Jun 8 8:30 AM Trade Balance Apr prior -$51.8B -
Jun 8 10:00 AM Wholesale Inventories Apr prior 0.3%
Market outlook June 7, 2012
Yesterday we said the market is oversold and requires a Walker rally and it stated. The downside risk for the US stock markets is still about 15%. But since Scott Walker got a vote of confidence, it will be much harder for comrade Obama to survive in November and we could now be finally in a “throw the bum Obama out” stock market rally. The NYSE is told Americans that Obama is a National disaster and yesterday said it liked the Walker victory and the taxpayer rebellion in two California cities. This optimism may continue for a week or two more but we must remember that Obama has put half of America on some type of assistance to buy their votes. Atlas in America has begun to shrug and may renounce his American citizenship and retire somewhere where there is still freedom from socialists. Intelligent hard working people are no longer coming to America in significant numbers. Corrupt and lazy socialists are coming to America in droves now because they can dissipate American wealth. Until Americans throw out the ruling socialist bums, things can only get worse in America.
http://finance.yahoo.com/echarts?s=%5ENYA+Interactive#symbol=^nya;range=ytd;compare=;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;
The DOW Industrial’s confirmed the Dow Rails sell signal a few weeks ago which means there was never a confirmed DOW buy signal since the decline began on August 2, of 2011. The Dow Theory Industrials and Rails sell signal of August 2, 2011 still holds. We expect the “Walker Rally” to run out of steam based on surveys showing that Romney has not opened up his lead.
http://finance.yahoo.com/echarts?s=%5EDJT+Interactive#symbol=^djt;range=5y;compare=^dji;indicator=;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined;
On a quarterly cycle basis (look at 6 months), on an annual cycle basis (look 2009 to today) and on an economic business cycle basis (up to 20 + years) it appears we have had head and shoulders sell signals. Another immediate 15% drop is likely to quickly occur if the Obama-Holder regime is re-elected. Recently the liberal’s data manipulators have now cut off stock market data below 2003 so you can no longer see Obama’s 20+ year business cycle collapse.
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 says the market volatility increases but has a long way to go up to 40 before the market begins to bottom. But it shows the Walker victory has raised market confidence.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=2y&l=on&z=m&q=l&c=
Baltic Dry Index has collapse looks like a disaster for China in particular after first collapsing 90% since the Obama-Holder regime was elected and is now down 93%. This is saying world trade has collapsed under the Obama socialist contraction as productive Americans shrug off socialism and hope Obama socialism fails miserably or else Atlas will shrug and will move out of America where he has lived for over 230 years.
http://www.bloomberg.com/quote/BDIY:IND/chart
Stock market update:
Asian markets were up last night. China down –0.7%, Hong Kong up 0.9%, Singapore down -0.1%, Japan up 1.2%.
European markets were up half way through their day in a range of +0.3% to +2.1%
American market futures are up about 0.5% in after hour trading at 8 AM EST.
Wednesday, June 6, 2012
Atlas just shrugged in Wisconsin. Wisconsin's Republican governor, Scott Walker, handily defeated an effort by fascist union thugs and socialist activists by 54% to 46%.
They rioted last year and occupied their state capitol destroying public property. Privately employed workers favored Walker 64% to 36% and unionized democrat municipal loafers voted against Walker by about the same amount. The Wisconsin union loafers had gotten away with working just ten years to get state pensions. State union membership dropped 30% during the past year because the Unions can no longer force state workers to join and pay 10% of their salary into the union’s democrat/socialist/fascist slush fund.
Congress will begin an investigation of security leaks by Obama operatives. The post-Osama raid leaks compromised all the information the Navy Seals had risked their lives to obtain. Obama operatives warned the Al Quada command that their locations were known so that America’s enemy could change their hideouts. Obama operatives also leaked the sabotage of the Iranian nuclear program. Even Wikileaks was done by people who Obama operatives encourage to undermine American secrecy and to help socialist tyrants. Holder is the one who freed the murderer who was responsible for the PR Liberation Army murder of a Wells Fargo guard during their robbery in Connecticut when Obama was just another loud mouthed air-head supporter of anti-American radicals.
Where do we invest in an era of Obama-Holder repression? America was not ravaged just by a derivative bubble and an Obama Liar Loan bubble. No, it was ravaged by an Obama-liar-loan-derivative bubble. Liar loans had and still have Obama-Holder approval because Obama-Holder still requires they be given. It was Obama liar loans on steroids that bankrupted little towns as far away as Norway’s fishing villages. The Liar Loans were supposed to make Obama’s people homeowners but instead reduced American home ownership by 3.8%. If realtors refused to give out liar loans, they were labeled racist and could not get Fannie or Freddie backed government agency mortgages. To meet Obama’s racist liar loan quota it was required that realtors take Obama’s folk’s word when Obama derelicts said they could meet the payments. That is correct, Obama considered it to be racist to ask Obama’s derelicts to prove they had an income. Clearly Obama liar loans are racist and against American workers who work in order to afford housing. Now more than 16% of our population are unemployed and many also lost their houses due to Obama’s anti-work-ethic racism against the majority of Americans who wish to be productive and not Obama-Holder racist fascist slackers.
Homeownership hit a 15-yr. low in April of 2012 under Obama socialist fascism. The last time the rate hit 65.4 percent was in the first quarter of 1997 under Bill Clinton. The rate peaked at 69.2 percent in the fourth quarter of 2004 under George Bush. Obama will be known more for being an American disaster than for being an American president. 3.8% fewer people in America have homes since Obama and Barney Frank forced Liar Loans on the American real estate industry. And since Obama took office Obama Liar loans are still forced upon the RE industry. The Obama-Holder administration is rotten to the core.
http://www.businessweek.com/ap/2012-04/D9UFJ0O80.htm
Attorney General Eric Holder is now the least-liked Cabinet member, with 47% of voters who share an unfavorable opinion of him. Holder has been at the center of several controversies while in office.
http://www.rasmussenreports.com/public_content
Former Clinton White House adviser Dick Morris admitted Monday, "Bill Clinton does not want Barack Obama to win."
"I’ve spoken to several good friends who are staunch conservatives who have had exchanges with Bill Clinton in private," Morris told Fox News's Sean Hannity, "and at one point one of them quotes him as saying, 'You have six months to save the country'. Bill is throwing Obama under the bus. Obama's whole campaign is based on the slander that Romney is not a venture capitalist but a vulture capitalist. And here Bill Clinton came out and said Romney had a sterling business career and crosses the threshold for qualification to be president, the exact opposite of what Obama is saying. Since then Clinton has been forced to publicly recant or be punished.
http://newsbusters.org/blogs/noel-sheppard/2012/06/04/former-clinton-adviser-dick-morris-bill-clinton-does-not-want-barack-#ixzz1wwH6z0C4
http://abcnews.go.com/Politics/OTUS/bill-clinton-criticizes-obamas-bain-attacks-praises-romneys/story?id=16474493
http://thecaucus.blogs.nytimes.com/2012/06/01/bill-clinton-calls-romneys-business-career-sterling/
http://newsbusters.org/blogs/noel-sheppard/2012/06/04/former-clinton-adviser-dick-morris-bill-clinton-does-not-want-barack-
http://newsbusters.org/blogs/noel-sheppard/2012/06/04/former-clinton-adviser-dick-morris-bill-clinton-does-not-want-barack-#ixzz1wwGbmWrT
What is an Obama type community activist? Basically he thinks he is cool but is just an ignorant airhead who hates real jobs and never worked up a sweat in his life. Obama wastes our shrinking investment capital expanding food stamp programs and now has 50% of all Americans (his constituents) on housing allowances.
Before this November we predict that if airhead socialist Obama even seems unstoppable the markets will test last year’s lows. Election of airhead Obama would mean that socialist entitlements will be unstoppable and competent people will see the absolute futility of working at all, much less working hard and will try to find safe haven countries to flee to and to hide their wealth until world socialism collapses again. Collapse of socialism in the West could take 50 to 70 years, another whole generation or two of wandering in the wilderness until the entire generation of socialist-fascists has been buried. That is the solution Ayn Rand’s revealed in “Atlas shrugged” which she learned from experience as a refugee from the USSR.
The first response now of hard working people was to go into cash even though (and because) interest rates are effectively zero. When credit collapses (as it does with socialist liar loans and grants to Obama-Holden indigent and corrupt supporters) cash first becomes king. The socialists will confiscate gold and they have a recorded every legal purchase of bullion coins and jewelry that has been made in America. Only gold purchased in small unregulated republics or illegally will be safe from confiscation. Ultimately many people suspected of illegal hoarding will have their homes looted and if contraband is found they will flee or risk being murdered anonymously as happened in the USSR and fascist countries. This happened in Europe 70 years ago and is why so many Europeans fled to the banana republics of South and Central America.
World market this week
The stock market in Greece is down 90% since early 2008. The prolonged crisis is worsening Greece’s chronic difficulties with legal tax avoidance that has helped wreak havoc on the socialist-fascist’s redistribution of wealth. John Gault is active and the wealth producers in Greece said enough is enough and Atlas has shrugging off the weight of socialist-fascist despotism. Obama is such a raging socialist fool because he does not realize that Atlas cannot be bound in chains. You cannot enslave Atlas. When you try, Atlas just shrugs his shoulders and walks away from the communist and socialist despots.
http://finance.yahoo.com/q/ta?s=GD.AT&t=5y&l=on&z=l&q=l&p=&a=&c=
German bonds weakened and Spanish bonds strengthened with speculation that European policy makers are accelerating measures to guarantee deposits and dampen demand for the safest assets.
Treasury Minister Cristobal Montoro sent out a dramatic distress signal saying that at current interest and withdrawal rates the Spanish banks will have to shut their doors and go into receivership or be sold to foreign investors. The G7 said that is very unfortunate, and Merkle asked what did you expect?
German stocks declined pushing the DAX Index to a five-month low, as a report showed euro-area services and manufacturing contracted in May at the fastest pace in almost three years.
Emerging markets just gave a sell signal long ago and are getting worse.
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
Factory Orders Apr prior -0.6% which is bad and manipulated at least twice since last reported. We never realized that Obama’s minions change the data whenever he feels like it. Today even Donald Trump brought it up on Squawk Box. We pointed out the Obama manipulation of American economic data months before anyone else.
Yesterday
Obama reported ISM Services in May at 53.7 vs. 53.5 last month. It is virtually unchanged, but can Americans still believe anything Obama says?
Today
Jun 6 7:00 AM MBA Mortgage Index 06/02 prior -1.3% -
Jun 6 8:30 AM Productivity-Rev. Q1 prior -0.5% -
Jun 6 8:30 AM Unit Labor Costs-Rev prior -2.0% -
Jun 6 10:30 AM Crude Inventories 06/02 prior 2.213M -
This Week
Jun 7 8:30 AM Initial Claims 06/02 - prior 383K -
Jun 7 8:30 AM Continuing Claims 05/26 prior 3242K -
Jun 7 3:00 PM Consumer Credit Apr prior $21.4B -
Jun 8 8:30 AM Trade Balance Apr prior -$51.8B -
Jun 8 10:00 AM Wholesale Inventories Apr prior 0.3%
Market outlook June 6, 2012
The market is oversold and requires a Walker rally. The downside risk for the US stock markets is still about 15%. But since Scott Walker got a vote of confidence, it will be much harder for comrade Obama to survive in November and we could now see a “throw the bum Obama out” stock market rally begin. Bill Clinton told some conservatives that they had only six months left to save our country. The implication is that the Clintons see Obama as a threat to American free enterprise and our individual liberties. Apparently both Bill and Hilary now realize that Obama is a typical ignorant Marxist airhead waiting for his opportunity arrest and butcher his enemies. The Clintons would have to flee for their lives if Obama fascism took hold in America.
The only hope now is if Americans will eject Obama in November. Obama would make his college grades public if he did not know that it would not prove he is the fool people think he is. The NYSE is telling Americans that Obama is a National disaster!
http://finance.yahoo.com/echarts?s=%5ENYA+Interactive#symbol=^nya;range=ytd;compare=;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;
The DOW Industrial’s confirmed the Dow Rails sell signal a few weeks ago which means there was never a confirmed DOW buy signal since the decline began on August 2, of 2011. The Dow Theory Industrials and Rails sell signal of August 2, 2011 still holds.
http://finance.yahoo.com/echarts?s=%5EDJT+Interactive#symbol=^djt;range=5y;compare=^dji;indicator=;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined;
On a quarterly cycle basis (look at 6 months), on an annual cycle basis (look 2009 to today) and on an economic business cycle basis (up to 20 + years) it appears we have had head and shoulders sell signals. Another immediate 15% drop is likely to quickly occur if the Obama-Holder regime is re-elected. Recently the liberal’s data manipulators have now cut off stock market data below 2003 so you can no longer see Obama’s 20+ year business cycle collapse.
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 says the market volatility increases but has a long way to go up to 40 before the market begins to bottom. http://finance.yahoo.com/q/bc?s=%5EVIX&t=2y&l=on&z=m&q=l&c=
Baltic Dry Index has collapsed again after collapsing 90% already since the Obama-Holder regime was elected. This is saying world trade by boat has collapsed under Obama.
http://www.bloomberg.com/quote/BDIY:IND/chart
Stock market update:
Asian markets were up last night. China down –0.1%, Hong Kong up 1.4%, Singapore up 1.8%, Japan up 1.8%.
European markets were mixed half way through their day in a range of +0.9% to +1.7%
American market futures are up about 0.9% in after hour trading at 8 AM EST.
Congress will begin an investigation of security leaks by Obama operatives. The post-Osama raid leaks compromised all the information the Navy Seals had risked their lives to obtain. Obama operatives warned the Al Quada command that their locations were known so that America’s enemy could change their hideouts. Obama operatives also leaked the sabotage of the Iranian nuclear program. Even Wikileaks was done by people who Obama operatives encourage to undermine American secrecy and to help socialist tyrants. Holder is the one who freed the murderer who was responsible for the PR Liberation Army murder of a Wells Fargo guard during their robbery in Connecticut when Obama was just another loud mouthed air-head supporter of anti-American radicals.
Where do we invest in an era of Obama-Holder repression? America was not ravaged just by a derivative bubble and an Obama Liar Loan bubble. No, it was ravaged by an Obama-liar-loan-derivative bubble. Liar loans had and still have Obama-Holder approval because Obama-Holder still requires they be given. It was Obama liar loans on steroids that bankrupted little towns as far away as Norway’s fishing villages. The Liar Loans were supposed to make Obama’s people homeowners but instead reduced American home ownership by 3.8%. If realtors refused to give out liar loans, they were labeled racist and could not get Fannie or Freddie backed government agency mortgages. To meet Obama’s racist liar loan quota it was required that realtors take Obama’s folk’s word when Obama derelicts said they could meet the payments. That is correct, Obama considered it to be racist to ask Obama’s derelicts to prove they had an income. Clearly Obama liar loans are racist and against American workers who work in order to afford housing. Now more than 16% of our population are unemployed and many also lost their houses due to Obama’s anti-work-ethic racism against the majority of Americans who wish to be productive and not Obama-Holder racist fascist slackers.
Homeownership hit a 15-yr. low in April of 2012 under Obama socialist fascism. The last time the rate hit 65.4 percent was in the first quarter of 1997 under Bill Clinton. The rate peaked at 69.2 percent in the fourth quarter of 2004 under George Bush. Obama will be known more for being an American disaster than for being an American president. 3.8% fewer people in America have homes since Obama and Barney Frank forced Liar Loans on the American real estate industry. And since Obama took office Obama Liar loans are still forced upon the RE industry. The Obama-Holder administration is rotten to the core.
http://www.businessweek.com/ap/2012-04/D9UFJ0O80.htm
Attorney General Eric Holder is now the least-liked Cabinet member, with 47% of voters who share an unfavorable opinion of him. Holder has been at the center of several controversies while in office.
http://www.rasmussenreports.com/public_content
Former Clinton White House adviser Dick Morris admitted Monday, "Bill Clinton does not want Barack Obama to win."
"I’ve spoken to several good friends who are staunch conservatives who have had exchanges with Bill Clinton in private," Morris told Fox News's Sean Hannity, "and at one point one of them quotes him as saying, 'You have six months to save the country'. Bill is throwing Obama under the bus. Obama's whole campaign is based on the slander that Romney is not a venture capitalist but a vulture capitalist. And here Bill Clinton came out and said Romney had a sterling business career and crosses the threshold for qualification to be president, the exact opposite of what Obama is saying. Since then Clinton has been forced to publicly recant or be punished.
http://newsbusters.org/blogs/noel-sheppard/2012/06/04/former-clinton-adviser-dick-morris-bill-clinton-does-not-want-barack-#ixzz1wwH6z0C4
http://abcnews.go.com/Politics/OTUS/bill-clinton-criticizes-obamas-bain-attacks-praises-romneys/story?id=16474493
http://thecaucus.blogs.nytimes.com/2012/06/01/bill-clinton-calls-romneys-business-career-sterling/
http://newsbusters.org/blogs/noel-sheppard/2012/06/04/former-clinton-adviser-dick-morris-bill-clinton-does-not-want-barack-
http://newsbusters.org/blogs/noel-sheppard/2012/06/04/former-clinton-adviser-dick-morris-bill-clinton-does-not-want-barack-#ixzz1wwGbmWrT
What is an Obama type community activist? Basically he thinks he is cool but is just an ignorant airhead who hates real jobs and never worked up a sweat in his life. Obama wastes our shrinking investment capital expanding food stamp programs and now has 50% of all Americans (his constituents) on housing allowances.
Before this November we predict that if airhead socialist Obama even seems unstoppable the markets will test last year’s lows. Election of airhead Obama would mean that socialist entitlements will be unstoppable and competent people will see the absolute futility of working at all, much less working hard and will try to find safe haven countries to flee to and to hide their wealth until world socialism collapses again. Collapse of socialism in the West could take 50 to 70 years, another whole generation or two of wandering in the wilderness until the entire generation of socialist-fascists has been buried. That is the solution Ayn Rand’s revealed in “Atlas shrugged” which she learned from experience as a refugee from the USSR.
The first response now of hard working people was to go into cash even though (and because) interest rates are effectively zero. When credit collapses (as it does with socialist liar loans and grants to Obama-Holden indigent and corrupt supporters) cash first becomes king. The socialists will confiscate gold and they have a recorded every legal purchase of bullion coins and jewelry that has been made in America. Only gold purchased in small unregulated republics or illegally will be safe from confiscation. Ultimately many people suspected of illegal hoarding will have their homes looted and if contraband is found they will flee or risk being murdered anonymously as happened in the USSR and fascist countries. This happened in Europe 70 years ago and is why so many Europeans fled to the banana republics of South and Central America.
World market this week
The stock market in Greece is down 90% since early 2008. The prolonged crisis is worsening Greece’s chronic difficulties with legal tax avoidance that has helped wreak havoc on the socialist-fascist’s redistribution of wealth. John Gault is active and the wealth producers in Greece said enough is enough and Atlas has shrugging off the weight of socialist-fascist despotism. Obama is such a raging socialist fool because he does not realize that Atlas cannot be bound in chains. You cannot enslave Atlas. When you try, Atlas just shrugs his shoulders and walks away from the communist and socialist despots.
http://finance.yahoo.com/q/ta?s=GD.AT&t=5y&l=on&z=l&q=l&p=&a=&c=
German bonds weakened and Spanish bonds strengthened with speculation that European policy makers are accelerating measures to guarantee deposits and dampen demand for the safest assets.
Treasury Minister Cristobal Montoro sent out a dramatic distress signal saying that at current interest and withdrawal rates the Spanish banks will have to shut their doors and go into receivership or be sold to foreign investors. The G7 said that is very unfortunate, and Merkle asked what did you expect?
German stocks declined pushing the DAX Index to a five-month low, as a report showed euro-area services and manufacturing contracted in May at the fastest pace in almost three years.
Emerging markets just gave a sell signal long ago and are getting worse.
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
Factory Orders Apr prior -0.6% which is bad and manipulated at least twice since last reported. We never realized that Obama’s minions change the data whenever he feels like it. Today even Donald Trump brought it up on Squawk Box. We pointed out the Obama manipulation of American economic data months before anyone else.
Yesterday
Obama reported ISM Services in May at 53.7 vs. 53.5 last month. It is virtually unchanged, but can Americans still believe anything Obama says?
Today
Jun 6 7:00 AM MBA Mortgage Index 06/02 prior -1.3% -
Jun 6 8:30 AM Productivity-Rev. Q1 prior -0.5% -
Jun 6 8:30 AM Unit Labor Costs-Rev prior -2.0% -
Jun 6 10:30 AM Crude Inventories 06/02 prior 2.213M -
This Week
Jun 7 8:30 AM Initial Claims 06/02 - prior 383K -
Jun 7 8:30 AM Continuing Claims 05/26 prior 3242K -
Jun 7 3:00 PM Consumer Credit Apr prior $21.4B -
Jun 8 8:30 AM Trade Balance Apr prior -$51.8B -
Jun 8 10:00 AM Wholesale Inventories Apr prior 0.3%
Market outlook June 6, 2012
The market is oversold and requires a Walker rally. The downside risk for the US stock markets is still about 15%. But since Scott Walker got a vote of confidence, it will be much harder for comrade Obama to survive in November and we could now see a “throw the bum Obama out” stock market rally begin. Bill Clinton told some conservatives that they had only six months left to save our country. The implication is that the Clintons see Obama as a threat to American free enterprise and our individual liberties. Apparently both Bill and Hilary now realize that Obama is a typical ignorant Marxist airhead waiting for his opportunity arrest and butcher his enemies. The Clintons would have to flee for their lives if Obama fascism took hold in America.
The only hope now is if Americans will eject Obama in November. Obama would make his college grades public if he did not know that it would not prove he is the fool people think he is. The NYSE is telling Americans that Obama is a National disaster!
http://finance.yahoo.com/echarts?s=%5ENYA+Interactive#symbol=^nya;range=ytd;compare=;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;
The DOW Industrial’s confirmed the Dow Rails sell signal a few weeks ago which means there was never a confirmed DOW buy signal since the decline began on August 2, of 2011. The Dow Theory Industrials and Rails sell signal of August 2, 2011 still holds.
http://finance.yahoo.com/echarts?s=%5EDJT+Interactive#symbol=^djt;range=5y;compare=^dji;indicator=;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined;
On a quarterly cycle basis (look at 6 months), on an annual cycle basis (look 2009 to today) and on an economic business cycle basis (up to 20 + years) it appears we have had head and shoulders sell signals. Another immediate 15% drop is likely to quickly occur if the Obama-Holder regime is re-elected. Recently the liberal’s data manipulators have now cut off stock market data below 2003 so you can no longer see Obama’s 20+ year business cycle collapse.
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 says the market volatility increases but has a long way to go up to 40 before the market begins to bottom. http://finance.yahoo.com/q/bc?s=%5EVIX&t=2y&l=on&z=m&q=l&c=
Baltic Dry Index has collapsed again after collapsing 90% already since the Obama-Holder regime was elected. This is saying world trade by boat has collapsed under Obama.
http://www.bloomberg.com/quote/BDIY:IND/chart
Stock market update:
Asian markets were up last night. China down –0.1%, Hong Kong up 1.4%, Singapore up 1.8%, Japan up 1.8%.
European markets were mixed half way through their day in a range of +0.9% to +1.7%
American market futures are up about 0.9% in after hour trading at 8 AM EST.
Monday, June 4, 2012
If the Obama-Holder regime is unstoppable in November we predict that by early next year the stock markets will set lows not seen since 1996.
Atheistic socialist governments are:
1) Incompetent by definition because they hate competition. Those who hate competition stupidly believe a profit is nothing more than the money the rich steal regularly from the poor rather than the value generated by free enterprise.
2) Corrupt because that is the only way to make money when people cannot be paid for performance
3) Have delusions of grandeur and become vicious psychopaths toward anyone who threatens their power.
4) Christian Socialists are compassionate but are generally airheads and just too stupid to prevent atheistic psychopathic socialists from taking power.
What is a community activist? Basically he is a cool ignorant airhead who hates real jobs and never worked up a sweat in his life. Obama wastes our shrinking investment capital expanding food stamp programs and now has 50% of all Americans (his constituents) on housing allowances.
Before this November we predict that if airhead socialist Obama even seems unstoppable the markets will test last year’s and possibly 2008's lows. Election of airhead Obama would mean that socialist entitlements will be unstoppable and competent people will see the absolute futility of working at all, much less working hard and will try to find safe haven countries to flee to and to hide their wealth until world socialism collapses again. Collapse of socialism in the West could take 50 to 70 years, another whole generation of wandering in the wilderness until the entire generation of socialists has been buried. That is the solution Ayn Rand’s proposed in “Atlas shrugged” which she learned from experience as a refugee from the USSR.
The US economy will hit a wall even if Obama loses because the lame duck airhead socialists will let taxes rise again just as military force cutbacks accelerate and dump hundreds of thousand warriors on to the streets.
New claims for unemployment benefits rose last week for the fourth straight week and heighten concerns the American labor market recovery is softening further. Also, the latest figures show manufacturing expansion in the US Midwest cooled down sharply in May.
Gross Domestic Product (GDP) is the broadest measure of economic activity. Annualized quarterly percent changes in GDP reflect the growth rate of total economic output. The US economy grew at an annual rate of 1.9 percent in the first three months of the year, which is nothing more than the inflation rate. In addition to the GDP figures, there are GDP deflators, which measure the change in prices in total GDP and for each component. That means America has been going absolutely nowhere since the Obama-Holden regime was elected. So while the GDP first quarter estimate of GDP growth is 1.9% the GDP deflator is 1.7$ so net annual growth rate is only 0.2% which is only one tenth of what Wall Street analysts are telling people.
The first response now of hard working people was to go into cash even though (and because) interest rates are effectively zero. When credit collapses (as it does with socialist liar loans and grants to Obama-Holden indigent and corrupt supporters) cash first becomes king. The socialists will confiscate gold and they have a record of every legal purchase of bullion, coins and jewelry that has been made in America. Only gold purchased in small unregulated republics or illegally will be safe from confiscation. Ultimately many people suspected of illegal hoarding will have their homes looted and if contraband is found they will flee or die anonymously. This happened in Europe 70 years ago and is why so many Europeans fled to the banana republics of South and Central America.
Overpriced Facebook (without a profit) tumbled. The problem was the padding of the pockets of those like socialists George Soros looting the investors. It is a good product that has had its reputation destroyed and may no longer even have any credible management. The biggest risk is that the founders are already billionaires and can now retire and let the company sink into oblivion.
Overpriced Apple (without a leader) will likely be down 28% by October after the quarterly report, and down 50% or more by this time next year. That is because MSNBC rip-off commentators such as Jim Cramer did not report revenue and profit this latest quarter compared to the best quarter last year. They compared to a poor quarter last year before the new product release last year. We base these levels on resistance areas and gaps in price.
Europe is now feeling the Obama Great Depression that Obama announced to blame President Bush and to frighten his ignorant and airhead followers away from free enterprise. Obama said that our free enterprise system was a failure. He tried to say Bush had created a great depression. With real Obama job shrinkage now estimated at 16% and getting worse, Obama creates phony USSR style data to say US unemployment is under 9%. Oil prices decline as the US and the rest of the world shrinks due to Obama type socialist redistribution of wealth from the competent to the incompetent… from thinkers and workers to airhead Obama supporters. It is a double killer since the incompetent have no incentive to learn or work and the competent now have no incentive to invest or report a positive income. So the lazy drop out of school and the hard working give up on socialism and spend their money traveling the world instead of investing or showing a profit. Both the top and the bottom essentially withdraw from the labor pool leaving the people in the middle in a crisis with home values shrinking.
The Rasmussen Reports daily Presidential Tracking Poll for Sunday shows Mitt Romney picking up 48% of the vote, while President Obama attracts 44%. Three percent (3%) prefer some other candidate, and five percent (5%) are undecided.
http://www.rasmussenreports.com/public_content
World market this week
The socialists have undermined the free Europe that America had established after WWII. Europe is once again decaying rapidly into the chaos of Nationalist vs. Internationalist socialist rivalry of the Hitler-Stalin era. The idiot socialist also run the American government today so there is no longer an America to rescue Europe from the idiot European socialists. It took the USSR 60 years to implode. Free Europe was re-established in 1945 and it will likely be in collapse by 2015 at the current rate or after just 70 years. With socialists running America since 2008 will likely collapse the American economy by 2018 (just 10 years) at Obama’s $1.5+ trillion annual rate of wealth redistribution. Obama’s banana republic of America airheads will want to end term limits for Obama to be president for life. That is when intelligent Americans will flee for their lives.
Japan’s Topix fell below the lowest level seen during the 2008-2009 financial crisis. The gauge has fallen more than 20 percent from this year’s high on March 27, entering a so-called bear market.
Oil fell to the lowest price in eight months on signs of an economic slowdown in the U.S. and China. London’s Brent crude dropped from the lowest close in one and a half years. Brent crude dropped below $100 a barrel for the first time in eight months indicating the world economy is contracting sharply as entrepreneurs are shut down by corrupt socialism.
The world's economic outlook darkened on Friday as reports showed U.S. employment growth slowing sharply, Chinese factory output is barely growing and European manufacturing falling deeper into malaise.
The euro lost 0.3 percent to $1.24 as of 11:55 a.m. in Tokyo after touching $1.2288 on June 1, the lowest since July 1, 2010. The world economy is heading for its third straight mid-year lull as manufacturing output continues to shrink in Europe and communist China. China pretends to have a growing economy yet has shrinking imports of all raw materials and no growth in electrical or other energy use. Clearly China is falsifying data just as the USSR did even as in the USSR, America provided free grain to prevent starvation. America is now quietly feeding the North Koreans again even though they launched a missile (it failed) capable of striking America. Italy’s joblessness rose to the highest in 12 years amid a deepening slump in Europe.
In Athens and Spain it is already too late for them because the problem of “ runs on their banks” has already begun. Mario Draghi, president of the European Central Bank is no fool and warned (last week) that the structure of the euro zone had already become “unsustainable” and criticized socialist political leaders. “The configuration (of socialist government expansion) we had for 10 years, which was considered sustainable, has been shown now to be unsustainable unless further steps are undertaken,” Mr. Draghi told the European Parliament in Brussels. The problem with socialist welfare states is that government provides the jobs and socialist jobs have no value because they are “socialist contrived” work for which government employees make believe they work. Only very ignorant airhead Obama and his supporters have no clue whatsoever because they do not understan the collapse of the USSR and East Germany in 1989.
Emerging markets just gave a sell signal and are getting worse.
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
Last Week
Case-Shiller 20-city Index Mar –2.6% a drop after –3.5% last month.
Consumer Confidence in May was down to 64.9 from 69.2 last month, a huge drop that looks like an error
MBA Mortgage Index 05/26 -1.3% plunged again from 3.8%
Pending Home Sales Apr -5.5% collapsed from 4.1%
Challenger Job Cuts May 66.grew from 11.2% -bad
ADP Employment Change May 127K vs 119K corrected for Obama manipulation-very low
Initial Claims 05/26 386K up from 370K corrected for Obama manipulation-very bad
Continuing Claims 05/19 3260K no change 3260K corrected for Obama manipulation-no change
GDP - Second Estimate Q1 1.9% 1down from 2.2% -very bad
GDP Deflator - Second Estimate Q1 1.7% 1up from 1.5% wipes out the expansion.
Chicago PMI for May was52.7 down from 56.2 shows sharp contraction in manufacturing.
Crude Inventories 05/26 2.213M vs. 0.883M says supply is increasing and oil prices can continue to fall.
Nonfarm Payrolls May 69K down from 115K
Nonfarm Private Payrolls May 82K down from 130K even after 33K Obama manipulation
Unemployment Rate May 8.2% up from 8.1%
Hourly Earnings May 0.1% up from 0.0% even after 0.1% Obama manipulation
Average Workweek May 34.4 down from 34.5
Personal Income Apr 0.2% 0down from 0.4% even after 0.1% Obama manipulation
Personal Spending Apr 0.3% 0constant 0.3% even after +0.1% Obama manipulation
PCE Prices - Core April 0.1% 0.2% no change 0.2% negates the income increase
ISM Index May 53.5 down from 54.8 manufacturing slow down
Construction Spending Apr 0.3% no change.
Today
Factory Orders Apr prior -1.5% revised to –1.9%. Obama degraded last months report by 0.4% so that he can report today’s number 0.4% better than it is and his airhead supporters will never figure it out.
This Week
Jun 5 10:00 AM ISM Services May prior 53.5 -
Jun 6 7:00 AM MBA Mortgage Index 06/02 prior -1.3% -
Jun 6 8:30 AM Productivity-Rev. Q1 prior -0.5% -
Jun 6 8:30 AM Unit Labor Costs-Rev prior -2.0% -
Jun 6 10:30 AM Crude Inventories 06/02 prior 2.213M -
Jun 7 8:30 AM Initial Claims 06/02 - prior 383K -
Jun 7 8:30 AM Continuing Claims 05/26 prior 3242K -
Jun 7 3:00 PM Consumer Credit Apr prior $21.4B -
Jun 8 8:30 AM Trade Balance Apr prior -$51.8B -
Jun 8 10:00 AM Wholesale Inventories Apr prior 0.3%
Market outlook June 4, 2012
We said the DJI was no longer a safe haven. It wiped out its 2012 advance as employers added the fewest number of American workers in a year. The unemployment rate rose while manufacturing in the world declined
The only hope now is if Americans will eject Obama in November. Obama would make his college grades public if he did not think it would not prove he is the fool people think he is.
http://finance.yahoo.com/echarts?s=%5ENYA+Interactive#symbol=^nya;range=ytd;compare=;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;
The DOW Industrial’s confirmed the Dow Rails sell signal a few weeks ago which means there was never a confirmed DOW buy signal since the decline began on August 2, of 2011. The Dow Theory Industrials and Rails sell signal of August 2, 2011 still holds.
http://finance.yahoo.com/echarts?s=%5EDJT+Interactive#symbol=^djt;range=5y;compare=^dji;indicator=;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined;
On a quarterly cycle basis (look at 6 months), on an annual cycle basis (look 2009 to today) and on an economic business cycle basis (up to 20 + years) it appears we have had head and shoulders sell signals. Another immediate 15% drop is likely to quickly occur if the Obama-Holder regime is re-elected. Recently they have cut off data below 2003 so you can no longer see the 20+ business cycle collapse.
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 says the market volatility has a long way to go up to 40 before the market begins to bottom. http://finance.yahoo.com/q/bc?s=%5EVIX&t=2y&l=on&z=m&q=l&c=
Baltic Dry Index has collapsed again after collapsing 90% already since the Obama-Holder regime was elected. This is saying world trade by boat has collapsed under Obama.
http://www.bloomberg.com/quote/BDIY:IND/chart
Stock market update:
Asian markets were down sharply last night. China down –2.7%, Hong Kong down –2%, Singapore down –1.7%, Taiwan down –3%, Korean Market down –2.8$, Japan down –1.7 %.
European markets were plummeting half way through their day in a range of 0% to –4.5% for Greece.
American market futures are down about –0.2% in after hour trading at 7 AM EST.
Friday, June 1, 2012
The socialists have undermined the free Europe that America had established after WWII. Europe is once again decaying rapidly into the chaos of Nationalist vs. Internationalist socialist rivalry of the Hitler-Stalin era. The idiot socialist also run the American government today so there is no longer an America to rescue Europe from the idiot European socialists. Obama would make his college grades public if he did not think it would prove he is the fool people think he is.
New claims for unemployment benefits rose last week for the fourth straight week, which heightens concerns the American labor market recovery is softening further. Also, the latest figures show manufacturing expansion in the US Midwest cooled down sharply in May. The world economy is heading for its third straight mid-year lull as manufacturing output continues to shrink in Europe and slowed in China, while Obama spends investment capital expanding food stamps and puts 50% of Americans (his constituents) on housing allowances.
The US economy grew at an annual rate of 1.9 percent in the first three months of the year, slower than touted by the socialist Obama-Holder regime. Inflation accounted for 1.7% of the growth.
Former U.S. Secretary of State Condoleezza Rice endorsed Mitt Romney last night, saying he understands the nation’s special place in the world.
The Obama supporting University of Michigan reported Consumer Confidence increased from 76.4 to 79.3 last Friday and this Monday the more objective Conference Board reported Consumer Confidence dropped from 68.7 to 64.9. We can expect the levels to be different but the Conference Board showed it dropped 3.8% which implies UM Obama supporters falsified their data by increasing it 6.7% the way Obama and Putin like to maintain their fraud and myth of socialism.
http://www.martincapital.com/index.php?page=graph&view=consumer_confidence
Overpriced Facebook (without a profit) tumbled. The problem was the padding of the pockets of those like socialists George Soros looting the investors. It is a good product that has had its reputation destroyed and may no longer have credible management. The biggest risk is that the founders are already billionaires and can now retire and let the company sink into oblivion.
Overpriced Apple (without a leader) will likely be down 28% by October after the quarterly report, and down 50% or more by this time next year. That is because MSNBC rip-off commentators did not report revenue and profit this latest quarter compared to the best quarter last year. They compared to a poor quarter last year before a new product release. We base these lower future levels on resistance areas and past gaps in price.
Europe is now feeling the Obama Great Depression that Obama announced to blame President Bush and to frighten his ignorant followers away from free enterprise. Obama said that our free enterprise system was a failure. He tried to say Bush had created a great depression. With real Obama job shrinkage now estimated at 16% and getting worse, Obama creates phony USSR style data to say US unemployment is under 9%. Oil prices decline as the US and the rest of the world shrinks due to Obama type socialist redistribution of wealth from the competent to the incompetent. It is a double killer since the incompetent have no incentive to learn and the competent now have no incentive to invest. So the lazy drop out of school and the hard working give up on socialism and spend their money traveling the world instead of investing. Both the top and the bottom essentially withdraw from the labor pool leaving the people in the middle to keep the economy going.
For the first time in five-and-a-half years of regular tracking the Rasmussen Reports that voters now trust Republicans more on five of the 10 major issues regularly tracked by Rasmussen Reports, Democrats more on only two, and they're tied on three.
http://www.rasmussenreports.com/public_content
World market this week
Brent crude dropped below $100 a barrel for the first time in eight months indicating the world economy is contracting sharply as entrepreneurs shut down due to corrupt socialism. In the USSR they throw entrapreneurs in prison for not making their payments to Putin. Wall Mart was told they needed a $2million contribution for Putin to show up and open a store for them.
Italy’s joblessness rose to 10.2%, the highest in 12 years amid a deepening slump in Europe.
Governor Nils Bernstein said that Denmark’s central bank won’t provide extra liquidity support to the country’s lenders because he says the problem there is flagging demand not the supply of bank capital that is holding back economic growth. But is Nils another socialist fool who cannot see beyond his nose? Socialist Nils Bernstein is about as smart as a wooden fence post.
In Athens and Spain it is already too late for them because the problem of “runs on their banks” has already begun. People in Athens and Spain are afraid they will lose their Euro’s and be paid by their banks with new worthless local socialist Greek and Spanish currencies. Nils Bernstein does not realize that once the Euro begins to collapse people will run to the Danish banks to get their cash out too. Cash is becoming king because when credit markets collapse or freeze up again cash will be king. Stock markets will then collapse again as they did just after presidential candidate Obama paniced the world by saying that President Bush (with only 5% unemployment) had put America in an economic depression. No one since the great depression ever said something as stupid as socialist Obama said at that time.
Mario Draghi, president of the European Central Bank is no fool and warned Thursday that the structure of the euro zone had already become “unsustainable” and criticized socialist political leaders who he said have been slow to respond to the sovereign debt crisis. “The configuration (of socialist government expansion) we had for 10 years, which was considered sustainable, has been shown now to be unsustainable,” Mr. Draghi told a committee of the European Parliament in Brussels. The problem with socialist welfare states is that government provides the jobs and socialist jobs have no value because they are “make believe” work for which government employees make believe they work. Only very ignorant Obama and his ignorant supporters have no clue because they do not even understand the collapse of the USSR and East Germany in 1989.
Idiot Nobel economics laureate Christopher Pissarides said wealth creating Greeks would benefit at the expense of citizens on welfare and people with lifestiles unfamiliar with work, were the country to exit the euro. The people who do not work for a living have no money. “It’s the wealthy who will benefit because that’s who’s able to move their money abroad,” he said. “Wealthy Greeks have already done it, whereas the small saver is not going to do it.” Of course Obama is the first Nobel Peace laureate to use drones to assassinate his personally selected American and foreign enemies so why should one expect Christopher Pissarides to know anything about economics?
Spanish renewable-energy companies that once got Europe’s most wasteful subsidies have been abandoned by the Spanish government, and now must sell and work abroad or perish. That means they will perish like Obama’s Solyndra (the socialist's corrupt method for funneling taxpayer money to his socialist campaign funds).
A Greek departure from the currency is inflicting “collateral damage,” say economists of Pacific Investment Management Co. a view echoed by economists from Bank of America Merrill Lynch and JPMorgan Chase & Co. At worst, it could spur sovereign defaults in Europe as well as bank runs, credit crunches and recessions that may spark more euro exits. Global trade and financial ties mean the pain wouldn’t be confined to the euro area. Yields on Span’s bonds are now approaching an unsustainable 7%.
China’s slowdown is rippling through Hong Kong, with the city’s mainland sales at the slowest pace since 2009. China's markets have declined for more than a year now and may be nearing a bottom. A triangle is forming indicating the upper and lower resistance levels are closing. But so far both the lows and the highs are still going lower (not good). http://finance.yahoo.com/echarts?s=000001.SS+Interactive#symbol=000001.ss;range=1y;compare=;indicator=ema(100,200)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined;
Emerging markets just gave a head and shoulder sell signal now and are getting worse.
http://finance.yahoo.com/echarts?s=%5EMERV+Interactive#symbol=^merv;range=1y;compare=;indicator=ema(100,200)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined;
American Economy
This Week
May 29 9:00 AM Case-Shiller 20-city Index Mar –2.6% a drop after –3.5% last month.
May 29 10:00 AM Consumer Confidence May down to 64.9 from 69.2 last month, ha huge drop that looks like an error
MBA Mortgage Index 05/26 -1.3% plunged again from 3.8%
Pending Home Sales Apr -5.5% collapsed from 4.1%
Yesterday
Challenger Job Cuts May are 66.7 up from 11.2%
ADP Employment Change May 127K vs 119K corrected for Obama manipulation -still very low (half of what is needed)
Initial Claims 05/26 386K up from 370K corrected for Obama manipulation-very bad
Continuing Claims 05/19 3260K no change from 3260K corrected for Obama manipulation-no change
GDP - Second Estimate Q1 1.9% down from 2.2% -very bad since inflation was 1.7% of it.
GDP Deflator - Second Estimate Q1 1.7% 1up from 1.5% wipes out the expansion.
Chicago PMI for May was52.7 down from 56.2 shows sharp contraction in manufacturing.
Crude Inventories 05/26 2.213M vs. 0.883M says supply is increasing and oil prices can continue to fall.
Today
Nonfarm Payrolls May 69K down from 115K
Nonfarm Private Payrolls May 82K down from 130K even after 33K Obama manipulation
Unemployment Rate May 8.2% up from 8.1%
Hourly Earnings May 0.1% up from 0.0% even after 0.1% Obama manipulation
Average Workweek May 34.4 down from 34.5
Personal Income Apr 0.2% down from 0.4% even after 0.1% Obama manipulation
Personal Spending Apr 0.3% constant 0.3% even after +0.1% Obama manipulation
PCE Prices - Core April 0.2% no change 0.2% negates the income increase
ISM Index May 53.5 down from 54.8 manufacturing slow down
Construction Spending Apr 0.3% no change.
Market outlook June 1, 2012
The socialists have finally undermined the free Europe that America had established after WWII. Europe is once again decaying rapidly into the chaos of Nationalist vs. Internationalist socialist rivalry of the Hitler-Stalin era. The idiot socialist also run the American government today so there is no longer an America to rescue Europe from the idiot European socialists. It took the USSR 60 years to implode. Free Europe was re-established in 1945 and it will collapse by 2015 at the current rate or just 70 years. With socialists running America since 2008 American will collapse by 2018 (just 10 years) at Obama’s $1.5+ trillion annual rate of wealth redistribution. Obama’s banana republic of America will want to end term limits for Obama so he can rule like his buddies in Cuba and Venezuela. The only hope is if Americans eject Obama in November. Obama would make his college grades public if he did not think it would not prove he is the fool people think he is.
The DJI is no longer a safe haven. The NYSE has continued down.
http://finance.yahoo.com/echarts?s=%5ENYA+Interactive#symbol=^nya;range=3m;compare=;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;
The DJI could not perpetrate the head and shoulder neckline to the upside last week but may test it again. If the downtrend has taken hold these new tests will be lower and the new lows will go lower too. The DOW Industrial’s confirmed the Dow Rails sell signal last week which means there was never a confirmed DOW buy signal since the drop starting on August 2, of 2011. The Dow Theory Industrials and Rails sell signal of August 2, 2011 still holds.
http://finance.yahoo.com/echarts?s=%5EDJT+Interactive#symbol=^djt;range=3m;compare=;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined;
This next chart shows the Dow Rails are hitting resistance on upward movements.
http://finance.yahoo.com/echarts?s=%5EDJT+Interactive#symbol=^djt;range=my;compare=^dji;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 NYSE gave a sell signal. On an annual cycle basis (look 2009 to today) it appears the head and shoulders sell signal. On an economic business cycle basis (up to 20 + years) it shows the economy peaked in early 2000 and began a potential depression cycle decline during the Clinton administration. For an Obama-Holder regime Great Depression to be declared the market would need to drop another 15% from this current level. That could happen if the Obama-Holder 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
The VIX says the market volatility has a long way to go before the market bottoms. http://finance.yahoo.com/q/bc?s=%5EVIX&t=2y&l=on&z=m&q=l&c=
Baltic Dry Index is collapsing again after collapsing 90% already since the Obama-Holder regime elected. This is saying world trade by boat has collapsed under Obama.
http://www.bloomberg.com/quote/BDIY:IND/chart
Stock market update:
Asian markets were down last night. China 0%, Hong Kong down –0.4%, Singapore down -1%, Taiwan down –2.7%, Japan down –1.2 %.
European markets were plummeting half way through their day in a range of -1% to –2.8% for Germany.
American market futures are down about –1.1% in after hour trading at 8 AM EST.
The US economy grew at an annual rate of 1.9 percent in the first three months of the year, slower than touted by the socialist Obama-Holder regime. Inflation accounted for 1.7% of the growth.
Former U.S. Secretary of State Condoleezza Rice endorsed Mitt Romney last night, saying he understands the nation’s special place in the world.
The Obama supporting University of Michigan reported Consumer Confidence increased from 76.4 to 79.3 last Friday and this Monday the more objective Conference Board reported Consumer Confidence dropped from 68.7 to 64.9. We can expect the levels to be different but the Conference Board showed it dropped 3.8% which implies UM Obama supporters falsified their data by increasing it 6.7% the way Obama and Putin like to maintain their fraud and myth of socialism.
http://www.martincapital.com/index.php?page=graph&view=consumer_confidence
Overpriced Facebook (without a profit) tumbled. The problem was the padding of the pockets of those like socialists George Soros looting the investors. It is a good product that has had its reputation destroyed and may no longer have credible management. The biggest risk is that the founders are already billionaires and can now retire and let the company sink into oblivion.
Overpriced Apple (without a leader) will likely be down 28% by October after the quarterly report, and down 50% or more by this time next year. That is because MSNBC rip-off commentators did not report revenue and profit this latest quarter compared to the best quarter last year. They compared to a poor quarter last year before a new product release. We base these lower future levels on resistance areas and past gaps in price.
Europe is now feeling the Obama Great Depression that Obama announced to blame President Bush and to frighten his ignorant followers away from free enterprise. Obama said that our free enterprise system was a failure. He tried to say Bush had created a great depression. With real Obama job shrinkage now estimated at 16% and getting worse, Obama creates phony USSR style data to say US unemployment is under 9%. Oil prices decline as the US and the rest of the world shrinks due to Obama type socialist redistribution of wealth from the competent to the incompetent. It is a double killer since the incompetent have no incentive to learn and the competent now have no incentive to invest. So the lazy drop out of school and the hard working give up on socialism and spend their money traveling the world instead of investing. Both the top and the bottom essentially withdraw from the labor pool leaving the people in the middle to keep the economy going.
For the first time in five-and-a-half years of regular tracking the Rasmussen Reports that voters now trust Republicans more on five of the 10 major issues regularly tracked by Rasmussen Reports, Democrats more on only two, and they're tied on three.
http://www.rasmussenreports.com/public_content
World market this week
Brent crude dropped below $100 a barrel for the first time in eight months indicating the world economy is contracting sharply as entrepreneurs shut down due to corrupt socialism. In the USSR they throw entrapreneurs in prison for not making their payments to Putin. Wall Mart was told they needed a $2million contribution for Putin to show up and open a store for them.
Italy’s joblessness rose to 10.2%, the highest in 12 years amid a deepening slump in Europe.
Governor Nils Bernstein said that Denmark’s central bank won’t provide extra liquidity support to the country’s lenders because he says the problem there is flagging demand not the supply of bank capital that is holding back economic growth. But is Nils another socialist fool who cannot see beyond his nose? Socialist Nils Bernstein is about as smart as a wooden fence post.
In Athens and Spain it is already too late for them because the problem of “runs on their banks” has already begun. People in Athens and Spain are afraid they will lose their Euro’s and be paid by their banks with new worthless local socialist Greek and Spanish currencies. Nils Bernstein does not realize that once the Euro begins to collapse people will run to the Danish banks to get their cash out too. Cash is becoming king because when credit markets collapse or freeze up again cash will be king. Stock markets will then collapse again as they did just after presidential candidate Obama paniced the world by saying that President Bush (with only 5% unemployment) had put America in an economic depression. No one since the great depression ever said something as stupid as socialist Obama said at that time.
Mario Draghi, president of the European Central Bank is no fool and warned Thursday that the structure of the euro zone had already become “unsustainable” and criticized socialist political leaders who he said have been slow to respond to the sovereign debt crisis. “The configuration (of socialist government expansion) we had for 10 years, which was considered sustainable, has been shown now to be unsustainable,” Mr. Draghi told a committee of the European Parliament in Brussels. The problem with socialist welfare states is that government provides the jobs and socialist jobs have no value because they are “make believe” work for which government employees make believe they work. Only very ignorant Obama and his ignorant supporters have no clue because they do not even understand the collapse of the USSR and East Germany in 1989.
Idiot Nobel economics laureate Christopher Pissarides said wealth creating Greeks would benefit at the expense of citizens on welfare and people with lifestiles unfamiliar with work, were the country to exit the euro. The people who do not work for a living have no money. “It’s the wealthy who will benefit because that’s who’s able to move their money abroad,” he said. “Wealthy Greeks have already done it, whereas the small saver is not going to do it.” Of course Obama is the first Nobel Peace laureate to use drones to assassinate his personally selected American and foreign enemies so why should one expect Christopher Pissarides to know anything about economics?
Spanish renewable-energy companies that once got Europe’s most wasteful subsidies have been abandoned by the Spanish government, and now must sell and work abroad or perish. That means they will perish like Obama’s Solyndra (the socialist's corrupt method for funneling taxpayer money to his socialist campaign funds).
A Greek departure from the currency is inflicting “collateral damage,” say economists of Pacific Investment Management Co. a view echoed by economists from Bank of America Merrill Lynch and JPMorgan Chase & Co. At worst, it could spur sovereign defaults in Europe as well as bank runs, credit crunches and recessions that may spark more euro exits. Global trade and financial ties mean the pain wouldn’t be confined to the euro area. Yields on Span’s bonds are now approaching an unsustainable 7%.
China’s slowdown is rippling through Hong Kong, with the city’s mainland sales at the slowest pace since 2009. China's markets have declined for more than a year now and may be nearing a bottom. A triangle is forming indicating the upper and lower resistance levels are closing. But so far both the lows and the highs are still going lower (not good). http://finance.yahoo.com/echarts?s=000001.SS+Interactive#symbol=000001.ss;range=1y;compare=;indicator=ema(100,200)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined;
Emerging markets just gave a head and shoulder sell signal now and are getting worse.
http://finance.yahoo.com/echarts?s=%5EMERV+Interactive#symbol=^merv;range=1y;compare=;indicator=ema(100,200)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined;
American Economy
This Week
May 29 9:00 AM Case-Shiller 20-city Index Mar –2.6% a drop after –3.5% last month.
May 29 10:00 AM Consumer Confidence May down to 64.9 from 69.2 last month, ha huge drop that looks like an error
MBA Mortgage Index 05/26 -1.3% plunged again from 3.8%
Pending Home Sales Apr -5.5% collapsed from 4.1%
Yesterday
Challenger Job Cuts May are 66.7 up from 11.2%
ADP Employment Change May 127K vs 119K corrected for Obama manipulation -still very low (half of what is needed)
Initial Claims 05/26 386K up from 370K corrected for Obama manipulation-very bad
Continuing Claims 05/19 3260K no change from 3260K corrected for Obama manipulation-no change
GDP - Second Estimate Q1 1.9% down from 2.2% -very bad since inflation was 1.7% of it.
GDP Deflator - Second Estimate Q1 1.7% 1up from 1.5% wipes out the expansion.
Chicago PMI for May was52.7 down from 56.2 shows sharp contraction in manufacturing.
Crude Inventories 05/26 2.213M vs. 0.883M says supply is increasing and oil prices can continue to fall.
Today
Nonfarm Payrolls May 69K down from 115K
Nonfarm Private Payrolls May 82K down from 130K even after 33K Obama manipulation
Unemployment Rate May 8.2% up from 8.1%
Hourly Earnings May 0.1% up from 0.0% even after 0.1% Obama manipulation
Average Workweek May 34.4 down from 34.5
Personal Income Apr 0.2% down from 0.4% even after 0.1% Obama manipulation
Personal Spending Apr 0.3% constant 0.3% even after +0.1% Obama manipulation
PCE Prices - Core April 0.2% no change 0.2% negates the income increase
ISM Index May 53.5 down from 54.8 manufacturing slow down
Construction Spending Apr 0.3% no change.
Market outlook June 1, 2012
The socialists have finally undermined the free Europe that America had established after WWII. Europe is once again decaying rapidly into the chaos of Nationalist vs. Internationalist socialist rivalry of the Hitler-Stalin era. The idiot socialist also run the American government today so there is no longer an America to rescue Europe from the idiot European socialists. It took the USSR 60 years to implode. Free Europe was re-established in 1945 and it will collapse by 2015 at the current rate or just 70 years. With socialists running America since 2008 American will collapse by 2018 (just 10 years) at Obama’s $1.5+ trillion annual rate of wealth redistribution. Obama’s banana republic of America will want to end term limits for Obama so he can rule like his buddies in Cuba and Venezuela. The only hope is if Americans eject Obama in November. Obama would make his college grades public if he did not think it would not prove he is the fool people think he is.
The DJI is no longer a safe haven. The NYSE has continued down.
http://finance.yahoo.com/echarts?s=%5ENYA+Interactive#symbol=^nya;range=3m;compare=;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;
The DJI could not perpetrate the head and shoulder neckline to the upside last week but may test it again. If the downtrend has taken hold these new tests will be lower and the new lows will go lower too. The DOW Industrial’s confirmed the Dow Rails sell signal last week which means there was never a confirmed DOW buy signal since the drop starting on August 2, of 2011. The Dow Theory Industrials and Rails sell signal of August 2, 2011 still holds.
http://finance.yahoo.com/echarts?s=%5EDJT+Interactive#symbol=^djt;range=3m;compare=;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined;
This next chart shows the Dow Rails are hitting resistance on upward movements.
http://finance.yahoo.com/echarts?s=%5EDJT+Interactive#symbol=^djt;range=my;compare=^dji;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 NYSE gave a sell signal. On an annual cycle basis (look 2009 to today) it appears the head and shoulders sell signal. On an economic business cycle basis (up to 20 + years) it shows the economy peaked in early 2000 and began a potential depression cycle decline during the Clinton administration. For an Obama-Holder regime Great Depression to be declared the market would need to drop another 15% from this current level. That could happen if the Obama-Holder 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
The VIX says the market volatility has a long way to go before the market bottoms. http://finance.yahoo.com/q/bc?s=%5EVIX&t=2y&l=on&z=m&q=l&c=
Baltic Dry Index is collapsing again after collapsing 90% already since the Obama-Holder regime elected. This is saying world trade by boat has collapsed under Obama.
http://www.bloomberg.com/quote/BDIY:IND/chart
Stock market update:
Asian markets were down last night. China 0%, Hong Kong down –0.4%, Singapore down -1%, Taiwan down –2.7%, Japan down –1.2 %.
European markets were plummeting half way through their day in a range of -1% to –2.8% for Germany.
American market futures are down about –1.1% in after hour trading at 8 AM EST.
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