Everyone must have skin at risk in our economy. We cannot have 49% of Americans living as freeloading Obama moron supporters.

Yes, Obama and his moron constituency are absolutely correct in thinking they did nothing to earn or justify their American inheritance of the infrastructure or the wealth that our American forefathers have left us. They are absolutely right and should go back to the huts that their forefathers left for them or just stop bemoaning the fact that our American forefathers actually worked much harder and built a nation instead of sitting around a fire in a hut eating their dogs like Obama said he and his dad did in Kenya.

But real Americans know that what our forefathers gave us was the a work ethic, a sense of responsibility to everyone, a customer centric business environment, and most of all the opportunity to succeed with free enterprise and the rule not of politicians but of our constitution, a document that Obama says he despises.

Obama would not be such a moron if he just learned a little "real" American history rather than the brain rotting material he studied under brain rotted socialists. The American infrastructure and wealth is just the icing on the cake that the Obama morons know in their heart they did not inherit but want to seize. Obama’s redistribution is just legalized looting of the national treasury.

Obama has disparaged America and kissed his Saudi Kings. Despair, misery and poverty for everyone is the only true socialistic redistribution the Khmer Rouge, the USSR, and Mao ever achieved. And they all achieved their Draconian goals in less than eight years. Now Americans need to boot Obama and his morons out before they destroy America. 
 
The "American Anti-Moron" backlash is growing fast in Connecticut and other states. Fortune Magazine this week said that for 25 years CT has been the state with the highest per capita income in the U.S., but is now leading the nation in home-price declines as Obama nukes American industrial pre-eminence that had driven out multimillion-dollar incomes and property sales. Now after three years of Obama, housing values are still falling with prices in the bedroom communities of Greenwich and New Canaan are 12.9 percent lower in the second quarter than only a year earlier. Barrons Magazine just rated Connecticut dead last in the nation due to moron State Government democrats in bed with state employee unions. Connecticut’s democrat government legalized smoking Mary Jane and ran up a pension overhang plus its accumulated deficit that is now 17% of the Connecticut’s GDP. The result is that many CT Independents and conservative Democrats are beginning to swing and get ready to vote with the Tea Party and Republicans in November. Republican Senate Candidate Linda Mc Mahon has now taken the lead 49% to 46%. She and her husband worked hard and are self-made millionaires. While the women’s vote unfortunately gave us Obama, increasingly women are joining the anti-moron backlash to rebuild the government bequeathed to us by our forefathers.

"Americans are smart enough to know we don’t know all the answers but not dumb enough to believe there are not better answers"- Ann Romney

"This pathetic president spent his entire time dividing the nation." "He has taken all the wealth entrepreneurs created and calls it greed." He is pathetic." Kenneth Langone said

If the "American Anti-Moron" backlash wins the election or just shows evidence it will win, then stocks will soar in America and unemployment will tumble down.

According to the Washington Times, Obama is getting the moron vote (mostly women).
http://www.washingtontimes.com/news/2012/aug/22/obamas-looking-for-the-moron-vote/

Our government spent 8% GDP in 1910, we were at 25% pre-Obama, and Obama has set the deficit spending to take spending to 40% of GDP mostly spent on a government welfare society in four years.

A recent survey of traders and analysts at a conference in South India this weekend concluded gold bullion would climb the most since a 30 percent surge in 2010. That is in line with the high deficits being run by Obama and the socialists of Athens, and Portugal and all the banana republics run by incompetent administrations.

Mitt Romney would drop government spending to 20% of the GDP as it was under Reagan. Mitt Romney slipped 3% in the polls prior to the convention. Americans need to give the Democrat Socialists the boot out of all federal offices if the Obama Greatest Depression Ever on Earth is going to be stopped. There has to be a limit on the maximum permissible Federal/State/Local Government’s spending percentage of the GDP. Only by controlling the spending will America get the debt and the percentage of freeloaders under control. We need a Constitutional limit on taxes. There were no income taxes of any kind until more than 100 years after the constitution was written.

Clearly Obama Solyndra corruption, gangster fast and furious socialism, and Obama’s Goldman Sachs crony capitalism will only end in further collapse of American production, collapse of small businesses and finally the Obama round up of the hated 2% of wealthy people who will not give the 40% who do nothing but vote for Obama socialism, what they want.

Lexmark International Inc. the U.S. printer maker, plans to eliminate 1,700 positions and shut a factory in the Philippines and will cut 1,100 manufacturing positions and also reduce positions in research and development in Lexington, Kentucky. It explores a sale of its main source of income, inkjet technology to raise cash. The inkjet manufacturing facilities in Cebu will be closed by the end of 2015.

Oil rose in New York as U.S. crude inventories were forecast to drop, a storm headed for the Gulf of Mexico and a fire continued to burn at Venezuela’s biggest refinery.

Sands China and its U.S. parent Las Vegas Sands are facing weaker growth in the former Portuguese colony this year as China’s economy slows and high- stake gamblers cut spending. The company is also under greater scrutiny amid the Macau investigation and probes by U.S. regulators.

Tiffany reduced its global net sales growth forecast by 1 percentage point. It lowered its full-year profit outlook to $3.55 to $3.70 a share from $3.70 to $3.80. Global sales at stores open at least a year fell 1 percent, excluding the impact of currency fluctuations.

Rasmussen reports daily Presidential Tracking Poll for Wednesday shows Mitt Romney attracting support from 44% of voters nationwide, while President Obama earns the vote from 47%http://www.rasmussenreports.com/public_content/politics/obama_administration/daily_presidential_tracking_poll

　

World market this week

European Central Bank President Mario Draghi hit back at German criticism of his plan to adopt the Obama Ponzi scheme and intervene in bond markets to drop interest rates so that Europeans can afford to spend their grand children’s inheritance.

China's biggest listed steel maker, said its expects its third quarter to be 'most difficult,' in continuing evidence that the world's No. 2 economy is in trouble.

French industrial confidence has been at its lowest for two years, increasing pressure on President Francois Hollande’s government to revive growth and spend their great-grand children’s inheritance.

350 million families living below India’s poverty line starve with a corrupt distribution system that rots 15% of the food to justify stealing another 15% sold by corrupt socialist politicians.

Ivica Dacic, Milosevic’s former socialist wartime spokesman, became prime minister of Serbia a month ago and Tomislav Nikolic, who served as deputy prime minister of the former Communist Yugoslavia toward the end of Milosevic’s regime, was sworn in as president in June. Both men, once barred from entering the EU have pledged to fix the economy.

The Czech Republic is set to borrow at a record-low cost for the fifth consecutive bond auction today as the koruna’s rally to the strongest in four months.

Deutsche Lufthansa AG (LHA) declined 1.8 percent after the airline’s main cabin-crew union planned to strike.

Spain’s recession worsened in the second quarter as the government’s austerity push to reduce the enormous budget deficit and a slump in consumer spending offset growth in exports.

China attacks car driven by Japanese officials in Beijing. "China has told us this was an extremely regrettable incident," Fujimura said. "The authorities said they will make every effort to prevent a re-occurrence of such an incident, and guarantee the safety of Japanese citizens and businesses."

Socialist Hollande says economics bites. He returned from a 15-day summer break last week faced an economy that hasn’t grown in three quarters, rising joblessness, a ballooning trade deficit and a budget hole of more than 30 billion euros ($37 billion) for next year. The challenges ahead may undermine the rally in French bonds that has allowed the country to sell bills at negative yields for the first time in history. During Hollande’s first 100 days in French 10-year debt sold better than comparable German securities. That trend is reversing

Hungary’s central bank will refrain from cutting the EU’s highest benchmark interest rate because of accelerating inflation.

German Chancellor Angela Merkel told officials in her coalition calling for a Greek exit from the Euro to "weigh their words" as she signaled a renewed determination to keep the single currency intact. No progress was made on deficit spending in Greece but the current leader is the first to say he is at least trying. The Ifo institute of Munich said German business confidence dropped to 102.3 from 103.2 in July. That’s the lowest reading since March 2010. Economists predicted a lesser decline to 102.7 so perhaps it has over spiked and is ready to advance next month.

Portuguese government bond trading in the secondary market dropped to an average 3 million euros a day in July, the lowest since at least 2000, from 15 million euros in June. This is the reaction artificial lowering of rates when the governments bid on their own bonds. Liquidity dries up as the situations approach instability. The lower the rates the higher the risk of investors loosing more than 80% of their investments.

A Bloomberg survey of traders and analysts at a conference in Hyderabad in South India on Aug. 25 concluded gold bullion may reach $1,800 an ounce before the year-end. That would be the most since a 30 percent surge in 2010.

Germany’s economic growth slowed to 0.3 percent from 0.5 percent in the first three months of the year, the Federal Statistics Office said today.

Emerging-market stocks dropped to a three-week low as a U.S. jury ruled Samsung Electronics Co. had infringed

Emerging markets will continue to suffer unless Obama is given the heave-ho.
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

Emerging market composite indicates continued breaking down through the recent lowshttp://finance.yahoo.com/echarts?s=%5EGSPTSE+Interactive#symbol=^gsptse;range=5y;compare=;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined;

German stocks are faltering below the recent high that is now close to the March level which is still below the high of 2011 and 2012: 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 Market is testing moving averages. It gave a sell signal last year. It is at a new high for 2012 but below the 2011 high.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

American Economy
The Obama Ponzi scheme continues to destabilize the American economy and Draghi wants Germany to do it for the EU and destroy the future of German children and grandchildren. A cash crunch is beginning among American home owners. Cash is locked up in fixed assets and falling home prices now is hitting the vast majority of Americans who took out home equity loans. Once the bond market collapses -70% all trade and economic exchange will collapse because the free world runs on credit cards not cash and the banks will be insolvent because they hold unstable American treasuries. The world governments are running out of money for their social nets. When the collapse occurs as it will under Obama and other socialists there will be revolutions and violence. Governments will quickly confiscate gold. People will have to stay put to hold their only assets their homes. Travel will collapse. America needs to eject Obama and his Senate and House socialists ASAP.

Everyone must have skin at risk in the economy. We cannot have 49% of Americans living as freeloading Obama moron supporters.

YesterdayCase-Shiller 20-city Index Jun 0.5% much improved from -0.7% but CT is down 12.9% from last year.

Aug 28 10:00 AM Consumer Confidence Aug 60.6 a huge drop from 65.9 as Obama’s moron economy goes nowhere.

This Week
Aug 29 7:00 AM MBA Mortgage Index 08/25

Aug 29 8:30 AM GDP - Second Estimate Q2

Aug 29 8:30 AM GDP Deflator - Second Estimate Q2

Aug 29 10:00 AM Pending Home Sales Jul

Aug 29 10:30 AM Crude Inventories 08/25 -

Aug 29 2:00 PM Fed's Beige Book Aug

Aug 30 8:30 AM Initial Claims 08/25

Aug 30 8:30 AM Continuing Claims 08/18

Aug 30 8:30 AM Personal Income Jul

Aug 30 8:30 AM Personal Spending Jul

Aug 30 8:30 AM PCE Prices - Core Jul

Aug 31 9:45 AM Chicago PMI Aug

Aug 31 9:55 AM Michigan Sentiment

Aug 31 10:00 AM Factory Orders Jul

Market outlook August 29, 2012
If the "American Anti-Moron" back-lash wins the election or just shows evidence it will win then stocks will soar in America and unemployment will tumble down.

Markets are weak today. This is the quiet before the storm with the VIX under 14 and extreme complacency. Most of Europe takes all of August as a vacation so it is a lost month every year.

People forget that the DJI is not by itself the famous stock market indicator. The DJR must confirm the DJI for there to be a buy signal or sell signal. The DJI and DJR confirmed a sell signal together in August 2011and the DJR remains confirming that sell signal today. The DJI is the last "safe" place bulls go to reduce risk before the entire stock market collapses. Therefore the DJI is biased bullish and needs the DJR for balance. The DJ Rails continues to say sell even as people seek the false security of the DJ Industrials. The Divergence you see is the classic symptom of the Dow theory bull’s trap.
http://finance.yahoo.com/echarts?s=%5EDJT+Interactive#symbol=^djt;range=6m;compare=^dji;indicator=;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined;

12,000 Federal workers are reported getting government pensions exceeding $100,000/yr for life.

The NYSE is much more representative of the US economy than are the DOW indices. Examine the last 5 years of the NYSE. It shows that Obama may be taking America into a profoundly deeper depression breaking 2009 lows if he is re-elected.
http://finance.yahoo.com/echarts?s=%5ENYA+Interactive#symbol=^nya;range=5y;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 Rails failed again to meet even the last shoulder of the head and shoulder sell signal.
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;

The market sell signal is also seen in 3-month market cyclic data. Notice that yesterday wasn’t even a breakouthttp://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 NASDAQ is near its march level nowhttp://finance.yahoo.com/echarts?s=QQQ+Interactive#symbol=qqq;range=my;compare=;indicator=;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined;

Has the VIX bottomed? The low VIX precedes a sell-off. Once that starts the VIX needs to go up above 30 until bear markets normally endhttp://finance.yahoo.com/q/bc?s=%5EVIX&t=1m&l=on&z=l&q=l&c=

The Baltic Dry Index says world trade is now at a depression low.http://www.bloomberg.com/quote/BDIY:IND/chart

Stock market update:
Asian markets were down last night. China down -1%, Hong Kong down -0.1%, India down – 0.8, Japan up 0.4%.

European markets are down half way through their day in a range of -0.6% to +0.2%.

American market futures are down at about -0.1% in after-hour trading at 8 AM EST. This indicator does not statistically correlate with anything.