For American Free Enterprise to survive Obama must be fired on Election Day and Obama is helping that cause. Obama duplicity has lost him the women’s vote, the Jewish vote, and now the Hispanic vote. The little 14 year old girl that was shot in the head and neck because she wanted a school for girls in Pakistan had to be taken to a hospital in Britain because it would have been too embarrassing for Obama to help her in America during his campaign so he did not offer. Obama thinks giving women free condoms is the same as championing women’s rights. But meanwhile in Pakistan, Sharia law still allows old men to take brides of 9 years of age ... and Obama thinks that type of freedom of religion trumps both women’s and children’s rights together.

http://www.usatoday.com/story/news/politics/2012/10/15/swing-states-poll-women-voters-romney-obama/1634791/


http://www.cbn.com/cbnnews/us/2012/May/Activists-Warn-US-Women-of-Sharia-Law-Threat/

http://video.foxbusiness.com/v/1910824386001/women-voters-abandoning-obama

Then Obama lost the Jewish vote too putting Israel at risk of nuclear holocaust and by blaming an American Jew for the death of four of our Libyan embassy staff including our American ambassador and also the Al Qaeda 911 riots. That U-tube clip dared to show Mohamed bargain for his 9-year-old bride. So that American Jew is now in prison for showing how Moslem Sharia law is truly a crime against humanity and allows brutal subjugation and disfigurements of some women and children Sharia followers, and death to none believers.

http://www.commentarymagazine.com/2012/09/10/poll-shows-obama-getting-lowest-jewish-support-since-jimmy-carter-vote/

http://www.businessinsider.com/obama-jon-stewart-libya-deaths-not-optimal-2012-10



And below we see how Romney is winning over the majority of the Hispanic vote from the Univision and Facebook's "Meet the Candidates" forum that was moderated by Maria Elena Salinas and Jorge Ramos and is being rebroadcast over and over again to the Hispanic audiences.

“When the Republican took his place in the first of two back-to-back candidate forums televised on the Telemundo mega-network, he was greeted by an adoring, raucous crowd that cheered his every word, and booed many of the biased moderators' questions. The next night, President Obama was treated to stone cold silence from the apathetic audience of democrat college students as he was aggressively grilled on his lackluster immigration record. The contrast was widely noted by observers who watched both forums.”

“These forums are going to be watched by more Hispanics than watched the conventions," said Alberto Martinez, a Florida-based Romney adviser. "I think [Romney] did an amazing job, and I think it was pretty clear there wasn't the same excitement for President Obama."

"We were a little bit thrown because Romney’s was supposed to be a TV show, and was a rally," Salinas said of the outspoken Romney supporters. It was a little bit of disrespectful for us Obama supporters,” but Salinas said, “by then, the crowd was cheering so loudly that they drowned out the anchors' words.” “The Obama campaign was quick to point out that Romney spent less time on Univision than the president did. The Romney campaign, meanwhile, dismissed Democrats' crying as an attempt to divert attention from Obama's terrible performance, during which he admitted to dropping the ball on immigration reform, and said he'd learned in office that "you can't change Washington from the inside."

One Romney aide said, their enthusiastic crowd was proof that their strong Hispanic outreach program in the state is working. And the Romney camp fought harder at the critical Hispanic forum, and it appeared to pay off. Since the conventions, local Romney aides have been boasting that their Hispanic-focused ground game in the state is bigger than any presidential campaign in history, with 13 full-time paid staffers and hundreds of volunteers. What's more, one person familiar with both campaigns' media buys said Romney aired Spanish-language ads in key battleground states throughout the country during the Univision forums, while the Obama campaign remained dark as if ashamed of Obama’s performance in Spanish markets. "This is getting into dangerous territory for Obama, because they don't just have to win Hispanics here, they have to win big," the aide said. "Obama just keeps giving reasons to think he is a weak leader." Incompetent and egocentric would be a better description of Obama’s performance and Florida is the “critical” swing state to win.
http://www.huffingtonpost.com/2012/10/15/florida-latino-vote-gap-t_n_1966551.html

Latest Gallup poll of likely voters puts Romney/Ryan at 52% and Obama Biden at 45%. All likely registered voters are asked: "Suppose the presidential election were held today, and it included Barack Obama and Joe Biden as the Democratic Party's candidates and Mitt Romney and Paul Ryan as the Republican Party's candidates. Who would you vote for? Those who were undecided were further asked if they lean more toward Obama and Biden or Romney and Ryan and their leanings are incorporated into the results instead of listing them as undecided.
http://www.gallup.com/poll/157817/election-2012-likely-voters-trial-heat-obama-romney.aspx

If you Google “real war on women” while selecting “images” you will find the real war on women is not Catholics refusing to give free Obama condoms, Obama abortions, and blessing Obama gay marriages. Obama’s Sharia law allies who treat women as chattel wage the real war on women and their influence is growing in the western world.

Romney pointed out in the second debate that as Governor of Massachusetts he balanced the budget, got Massachusetts schools ranked #1 in the nation, developed a comprehensive state medical program with Republicans and Democrats working together and agreeing! He also appointed women to 50% of his high-level state administrator positions. Mitt Romney never had a deficit. But Obama never earned a profit and always ran deficits.  Obama was a communist leaning activist who said the US Constitution is a racist document and is not recommended by him to other countries.

Bad business reports are flowing in but the Romney stock market rally continues.

McDonald’s, the world’s largest restaurant chain by sales, reported third-quarter profit fell 3.5 percent as sales growth slowed in the U.S.A.

Honeywell’s third-quarter earnings rose 10% as stronger aerospace sales helped to improve margins and offset the drop in transportation systems sales.

Read more: http://www.foxbusiness.com/news/2012/10/19/honeywell-international-3rd-quarter-net-up-10-on-better-margins/#ixzz29kWsNkoZ

Microsoft retreated reported a 22 percent drop in fiscal first-quarter net income.

Gold fell in New York and headed for a second weekly decline as it closes some of the gaps on its first meteoric rise this year.

Google and GE are the latest bad reports. GE says it may only grow 3% next year. Under Bush they grew 10% to 20% each year.

Morgan Stanley lost a fortune but if you are a fool and ignore the losses they made a big profit from continuing operations in their trading group. That is the degree of spin they are using to pump up share prices.

Traveler’s third quarter profit nearly tripled as they appraise property at up to 200% of market value. This could cause huge arson losses, as there tends to be many more fires when properties are over-insured. It is a high incentive for criminals who are running rampant under the Obama administration. Gun running, identity theft, false tax refund claims are already at record highs under Obama. Now arson is a risk as Detroit and other cities abandoned property is already in flames. Obama is a criminal’s best friend.

Verizon Communications Inc. the second-largest U.S. phone company surged 16% in year-to-0year third quarter profit.

Southwest Airlines Co. said third-quarter profit fell by 12%.

Philip Morris quarterly profit fell 6.3%.

Gold and silver declined as a Romney win will remove Obama’s Fiscal Cliff.

Apple lost its appeal against Samsung. If Apple cannot compete it uses its cash pile to litigate its competition to death. Apple is being a bully and consumers will suffer as a result and turn away from apple.

Knight Capital Group, the high speed trading platform reported a quarterly net loss of $6.30 a share, the worst since at least 2001, and compared with profit of 29 cents a year earlier. It occurred in less than 20 minutes due to faulty trade programming logic.

BOA and Melon profits rise as stock prices rise increasing reserves to loan out.

Schwab now gives Apple a “D” investment rating. See their stock rating.

PepsiCo the world’s largest snack-food maker, reported third-quarter profit fell 5 percent from a year earlier but exceeded analyst estimates. That is what market manipulators like to do. They are low-balling their estimates to make even the losses look good. This is a Jim Crammer MSNBC Pravda recommendation and Obama claims his brainy government is why the stock market is high. But it is more likely the optimism in America that Obama will get thrown out of office by the American people. Manipulation is lying and that is what socialists do best.

Obama is making sure details of the attack that killed the U.S. ambassador and three other Americans in Libya last month will never be fully known. There is ample evidence the Obama administration’s initial accounts were intentional misinformation that ineptly inflamed the Moslem world by telling them of the American movie trailer on Mohammed and his nine-year-old bride.  Obama tried to hide the fact that he has not stopped terrorism and then announced the movie and caused the rioting against America to spread like fire. Obama is an expert in making our friends and enemies hate America more and more. He started by insulting the British by returning the bust of Churchill and discarding the presidential desk the British gave the White House years ago.

Consumer prices increased 0.6% last month as commodity prices soared and the cost of gasoline jumped 7%.

Third-quarter earnings season goes into high gear this week with earnings reports from many financial and other bellwethers.

Goldman reported earnings of $2.85 per share, as revenue more than doubled. Johnson & Johnson and Coca-Cola profit beat forecasts.

Economic reports are also due out for many sectors.

WSJ predicts metals and oil prices are peaking.

The Rasmussen Reports Wednesday Presidential Tracking poll shows; Mitt Romney earns 49% of the vote while President Obama attracting support from 48% of voters nationwide. The Obama Great Depression would get a lot deeper if he wins.
http://www.rasmussenreports.com/public_content/politics/obama_administration/daily_presidential_tracking_poll



World Economies
European Union leaders agreed beginning next year a single supervisor will take responsibility for overseeing euro zone banks. Then when the EU has a bank supervisor and wants a direct recapitalisation, then they will have a resolution fund for banks that has contributions from state banks.

The Spanish banks have a capital need that has been specified and a program for recapitalisation that has been agreed upon. When the recapitalisation is possible then it will be possible for the future afterwards and not retroactive.

Emerging-market stocks fell, paring their best rally in more than a month, as earnings at computer companies and foreign investment in China fell more than economist’s forecast.

Gold imports by India, the world’s largest buyer, will climb for the first time in six quarters as a decline in domestic bullion prices stokes jewelry and investment demand ahead of major festivals.

Spain’s worst-case scenario turns real as banks face more loan losses and the pace of an economic slump is turning a worst-case scenario into reality. Bad loans as a proportion of total lending jumped to a record 10.5 percent in August.

Alcatel-Lucent, the French phone equipment company is trading near a 23-year low and will cut its French workforce 15 percent as part of a global cut of 5,500 jobs.

EU leaders to meet.

U.K. jobless claims unexpectedly fell as the London Olympics helped boost hiring and payrolls.

Starbucks may face an inquiry into its British tax affairs over how it avoided paying taxes on $1.93 billion in sales since 2009.

The EU continues to tread water and fiddle as Greek debt interest rates soar to new highs this year.

Bank of Israel Governor Stanley Fischer said the world is “awfully close” to a recession, adding to concern raised by major disagreements at the annual meetings of the International Monetary Fund last week.

Indian inflation accelerated to a 10-month high of 7.81 percent in September after climbing 7.55 percent in August,

Police in the West African country of Ghana killed one Chinese citizen in a raid and detained more than 100 other Chinese on suspicion of illegal gold mining. Ghana has faced an influx of illegal small-scale miners from China as global gold prices climb. About 30 percent of Ghana’s total output is produced by an estimated 1 million miners who use picks and shovels.

Asking prices for homes in London surged to a record this month.

China’s stock market is now almost as low as it was when Lehman Brothers collapsed when it was discovered they had liar loans hidden off the books the way Obama is hiding the Quantitative Easing money off the Treasuries Dept Books. China’s funds are looking more attractive. http://in.finance.yahoo.com/echarts?s=000001.SS#symbol=000001.ss;range=5y;compare=;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined;

Emerging markets seem to be forming a market bottom. We are selective buyers. The rising tide of a Romney presidency will carry the world markets higher too if he wins.
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 may be forming a market bottom or a low.
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 gave a sell signal in 2011 and have to rise a few more percent to give a buy signal again. 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 also testing moving averages. It gave a sell signal last year. It is at a new high for 2012 and closing in on a new buy signal.
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
We seem to have a Romney stock market surge. But there is a fiscal cliff ahead and if Romney wins will Obama push America over the cliff as his last presidential act? The cliff comes January 1 and Mitt Romney would not be president then and Obama would still have his Lame Duck democrat Senate.

This Week

Retail Sales Sep 1.1% improved more from 0.9%

Retail Sales ex-auto Sep 1.1% improved even more from 0.8% last month which is another way of saying Obama was not telling the truth when he said American car sales were up. It was foreign car sales in America that went up. Ford sales dropped significantly and they are not government subsidized so their numbers are real.

Empire Manufacturing Oct -6.2 showing manufacturing remains in decline and was down -10.4 last month. Obama has been saying he helped manufacturing but the manufacturers beg to differ with Obama.

Business Inventories Aug up 0.6% still increasing faster than inflation and a sign that a slow down is on the way.

CPI Sep up 0.6% again a 7.8% inflation rate.

Core CPI Sep again 0.1% the number Obama uses to decide how much Social Security should be increased.

Net long-term TIC Flows Aug $90.0B into the USA, was $67.0B

Industrial Production Sep 0.4% enormous improvement from -1.2%

Capacity Utilization Sep 78.3% up implies more business 78.2%

NAHB Housing Market Index Oct 41 slight improvement from 40

MBA Mortgage Index 10/13 -4.2% vs -1.2% means fewer people are getting mortgages.

Housing Starts Sep 872K up from 750K but we already have many vacant houses.

Building Permits Sep 894K up from 803K but we already have many vacant houses.

Crude Inventories 10/13 2.860M increased from 1.672M

Yesterday

Initial Claims 10/13 388K up sharply from 339K

Continuing Claims 10/6 3252K down slightly from 3273K

Philadelphia Fed Oct 5.7 improved from -1.9 last month

Leading Indicators Sep 0.6% up from -0.1% last month due to the stock market rally

Today
Oct 19 10:00 AM Existing Home Sales Sep

Market outlook Oct 19, 2012

Europe has a plan to do something… next year.

Women, Jewish, and Hispanic voters have joined men and will vote in large numbers for Mitt Romney who can balance the budget and fire the community activist that never produced a nickel profit. Obama said the death of four Americans on 911 this year was non-optimal but it was not his fault. It was the fault of his non-optimal Sec of State Hilary Clinton. The non-optimal president Obama administration has America on the road to a non-optimal Greek economy and non-optimal Sharia law replacing the American Constitution. Obama has been a non-optimal president. But it is possible the rally will end the moment Mitt Romney is elected because we will have a non-optimal democrat lame duck Senate and president as we go over Obama’s non-optimal fiscal cliff.

We are possibly in a Mitt Romney stock market rally as investors have new hope that the incompetent Obama Administration is on its way out the door. It is risky though because Obama made sure many people voted early.

The fiscal cliff is still an uncertainty unless Romney wins Congress as well as the presidency.

The DJR must still confirm the DJI for there to be a new DOW buy signal. The DJI and DJR confirmed a sell signal together in August 2011and the DJR remains confirming that sell signal today. http://finance.yahoo.com/echarts?s=%5EDJT+Interactive#symbol=^djt;range=3m;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. The one-year cycle is still sell but the three months now gives hope for a future buy signal. While it shows that Obama may be taking America into a profoundly deeper depression breaking 2009 lows if he is re-elected we have hope of an anticipated recovery if Obama is thrown out.

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 to meet even the last 3-month shoulder of the head and shoulder sell signal. But bulk trade is rising and October looks like a turn around beginning. http://finance.yahoo.com/echarts?s=%5EDJT+Interactive#symbol=^djt;range=1m;compare=^dji;indicator=;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined;

The rise of the stock market was the effects of the Ponzi QE3 scheme. In Japan it led to their 22-year recession and a market that eventually declined for the last 22 years. We have get Obama out and stop his QE Ponzi scheme.
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 USA VIX is flat lined. It appears to be manipulated. A low VIX normally precedes a sell-off. Once that starts the VIX needs to go up above 30 until bear markets normally end. The driving force this year is the election and whether the Obama loses.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=2y&l=on&z=l&q=l&c=

Well the Baltic Dry Index blip peaked again. China probably hit bottom and may be ready to bounce. http://www.bloomberg.com/quote/BDIY:IND/chart

Stock market update:
Asian markets followed were down last night with China down -0.2%, Hong Kong up 0.1%, India down –0.6%, Japan up 0.2%.

European markets are down half way through their day in a range of -0.2% to –1.6%.

American market futures are down about -0.2 % in after-hour trading at 9:00 AM EST. This indicator does not correlate with anything.