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.