Obama uses class warfare and hate mongering because he won’t allow the half of Americans who pay no taxes to bear the burden of the other half who aren’t paying their fair share. This is exactly the problem America faces with Obama and the socialists and it is an old socialist strategy. The socialists got agitated Monday when Paul Ryan simply stated the American Declaration of independence that declares the rights of our Americans were God given. The socialists do not like the American Declaration of independence because the rights of our forefathers were declared God given so that no king or hate mongering government could abridge them. Attorney General Holden and others believe our rights were given by a government of dead white men and can be taken away by a welfare government run by socialists. The socialist strategy is nothing new. They focus hate on the richest 2% who usually turn out to be bankers that the majority of people who owe money tend to hate. There also tends to be a larger percentage of Jewish bankers.

Nationalist Socialist Hitler also concentrated hatred on the wealthiest 2% at first. Obama was from a broken family and was raised a Moslem in Nigeria and Indonesia until he came under his white grandmother who he could never relate to and hardly mentions in his book. It is an established fact that a person’s religion begins in childhood and the only way it can be changed later in life is in a life changing religious conversion. Obama never had any religious conversion. That means he is hiding the fact he still has his father’s religion and hides his hatred of Israel and the Jewish religion. Obama is attacking the same wealthy 2% of the American population that Hitler first attacked in Germany in order to blame others and divert attention from thugs and criminals such as ACORN, the Black Panthers, the Brown Shirts, the Gestapo, the KGB, and all the other socialist hate monger groups.
http://sbynews.blogspot.com/2012/01/entire-campaign-in-one-cartoon.html
Some 80 percent of the money in the farm bill goes to the welfare food stamp program. The food stamp program has seen participation climb from 28 million at the start of the Obama-Holden government to 46 million people today. It is a $100 billion-a-year bill that funds mostly welfare that the Democrats tied to the farmers so they can force Republicans to vote for additional welfare. Rather than help the drought stricken farmers, the Obama will buy $170M of worth of pork, poultry and catfish from large corporations who give him large contributions buy more votes of people on welfare as Obama continues to destroy small business jobs.

With the drought in the U.S. Midwest expected to keep food prices rising. Obama has become Jimmy Carter on steroids. Here comes the 15% inflation rate. Ryan’s budget plan on the other hand would shrink the Federal government 20% by 2014 and therefore balance the budget. Since federal workers do not produce any gross national product their cut can only help because they will finally have private jobs that contribute to the economy of the USA.
The Obama administration is expected to close down 57 coal-fired plants by the end of the year. The goal is to bring a complete halt to the US coal industry and the loss of 7600 associated jobs. And 1450 sector jobs due to investment debt, loss of coal export income and higher prices Meanwhile, the energy administration also said 175 coal-fired plants with a total generation capacity of 27 million kilowatts would suspend operations between 2012 and 2016 assuring the loss of tens of thousands of more jobs.

Stocks: Global concerns grip investors
Groupon shares dive 14% on revenue misses
Hedge funds are reducing investments after longest-ever rally in commodities.
Japan’s atomic power industry lost a record $46 billion since the Fukushima tsunami and meltdown last year, wiping out seven years of profit. Then came the bad news that they will be broken up and reduce dividends.
Facebook Inc. (FB)’s stock plunge has cost Goldman Sachs Group Inc. and Microsoft Corp. (MSFT) much of the potential gain they could unlock when the ban on insiders’ sales begins to lift.
The end of the insiders’ sales ban only puts additional pressure on the stock price. Goldman Sachs (GS), which now has a stake worth about $900 million risks further losses.
Google Plans to cut 4,000 jobs or 20 percent of the staff at Motorola which it bought for about $12.5 billion.
The racist Muslim Brotherhood grows in influence across North Africa with the assistance of the Obama administration undermining former moderates.

The Rasmussen Reports daily Presidential Tracking Poll shows Mitt Romney stuck in a 47%dead heat with Obama stuck in a 44%. Confidence in the U.S. job market has fallen again, with the highest number of Americans in 10 months describing the employment situation as worse than it was a year ago.
http://www.rasmussenreports.com/public_content/politics/obama_administration/daily_presidential_tracking_poll

World market this week
Egypt’s index CMA.CA briefly dropped 99.96% yesterday as the Terrorist Brotherhood removed the highest-ranking Army officers.
http://finance.yahoo.com/q?s=CMA.CA
China’s stock investors are wondering how China’s stock market (which touts exceptionally outstanding economic growth rates and claiming companies continuing to generate handsome profits), has tumbled more than 38% in the span of three years. China appears to be heading into a recession. While domestic consumption had saved the economy for almost a year it is declining and exports are plummeting due to the extremely pore quality products such as air conditioners that fail in one year.
Hong Kong’s government cut its estimate for the city’s expansion this year after the economy grew 1.1 percent. The trade dependent economy risks further deterioration this quarter after China reported July export growth slumped to a grinding to a halt, leading to inventory surpluses over 2.5 times the standard amount, according to China’s Automobile Dealers Association.
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 it is breaking down through the lows.
http://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 well below the March level which is well below the high of 2012: Choose 2 or 5 years. The DAX can’t even keep up with the DJI!
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 well 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 recent market rally was due to hedge funds unwinding bets against European stocks at the fastest pace in three years, speculating that socialist policy makers will join the Obama debt Ponzi scheme to increase debt. That means the hedge funds have stopped buying stocks to cover their shorts and are ready to short again.

Last Week
Consumer Credit spending in Jun fell 66% to $6.5B from $17.1B last month.
MBA Mortgage Index 08/04 -1.8% far below last 0.2%. The housing crisis worsens
Productivity-Prel Q2 1.6% up from -0.9% A probable data scatter.
Unit Labor Costs -Prel Q2 rose 1.7% a 6.7% annual rate
Crude Inventories 08/04 -3.729M prices will continue to rise for gasoline -6.522M
Yesterday
Initial Claims 08/04 363K steady but again manipulated data from Obama.
Continuing Claims 07/28 3332K up from 3272K
Trade Balance Jun -$42.9B down from -$48.7B as international trade continues to collapse.
Wholesale Inventories Jun –0.2% shrunk from 0.3% as factories shut down
Friday
Export Prices ex-ag. Jul -0.3% was -1.4%
Import Prices ex-oil Jul -0.4% was -0.3% -
Treasury Budget Jul -69.6B was -$129.4B

This week
The VIX is showing that a bear market is highly probable now and will have a long way to go up until the VIX is above 30 where bear markets normally end.
Aug 14 8:30 AM Retail Sales Jul
Aug 14 8:30 AM Retail Sales ex-auto Jul -
Aug 14 8:30 AM PPI Jul
Aug 14 8:30 AM Core PPI Jul
Aug 14 10:00 AM Business Inventories Jun
Aug 15 7:00 AM MBA Mortgage Index 08/11
Aug 15 8:30 AM CPI Jul
Aug 15 8:30 AM Core CPI Jul
Aug 15 8:30 AM Empire Manufacturing Aug
Aug 15 9:00 AM Net Long-Term TIC Flows Jun
Aug 15 9:15 AM Industrial Production Jul
Aug 15 9:15 AM Capacity Utilization Jul
Aug 15 10:00 AM NAHB Housing Market Index Aug
Aug 15 10:30 AM Crude Inventories 08/11
Aug 16 8:30 AM Initial Claims 08/11
Aug 16 8:30 AM Continuing Claims 08/04
Aug 16 8:30 AM Housing Starts Jul
Aug 16 8:30 AM Building Permits Jul
Aug 16 10:00 AM Philadelphia Fed Aug
Aug 17 9:55 AM Mich Sentiment Aug
Aug 17 10:00 AM Leading Indicators Jul

Market outlook August 14, 2012
The markets are testing earlier highs once again.
Compare what GLD did when stocks dropped last August. To do that, right click and change the date range from "200 days" to "Past Year" then move it start in January of 2011and see what gold did. This is a good way to plot your stocks together.
http://stockcharts.com/freecharts/perf.html?DTD,EXT,EPS,EES,EZY,ROI,GLD
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;

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 breakout.
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 is showing that a bear market is highly probable now and will have a long way to go up until the VIX is above 30 where bear markets normally end.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=5y&l=on&z=l&q=l&c=
The Baltic Dry Index says world trade is plunging toward a depression low. Clearly Obama Solyndra corruption and gangster fast and furious socialism and Obama’s Goldman Sachs crony capitalism will only end in further collapse of production, collapse of small businesses and then the round up of the hated 2%.
http://www.bloomberg.com/quote/BDIY:IND/chart
Stock market update:
Asian markets were up last night. China up 0.3%, Hong Kong up 1%, India up 0.5%, Japan up 0.5%.
European markets today are up half way through their day in a range of –0.2% to +0.7%.
American market futures are flat at about 02% in after-hour trading at 8 AM EST. This indicator does not statistically correlate with anything.