Monday, October 1, 2012

The Democrats are running all the voter registration companies so when one was hired by the Republicans the Democrats checked and sure enough they were still registering dead people with forged signitures this time as Republicans. So the Republicans had to immediately fire the Democrat voter Registration company. What an embarassment for Democrats! They did it when Bush won too, only this time the polling is being fraudulently manipulated by about 9% not 5%. Remember when Christy Whitman won in NJ the last time she ran, the democrat polls had her down by a record 16% disconnect the week before she was re-elected.

Churches have started blasting Obama’s attack on American Freedom of Religion this past Sunday and plan to sue Obama to the Supreme Court. Most of the Catholic hospitals in NYC were forced to close because they cannot afford what Obama charges them in fines as he harasses them. Obama also harasses the people who contribute to Church charities and says they will lose their tax exemption. Over 20,000 new Obama IRS agents are out terrorizing taxpayers with false claims. Many taxpayers are confused and just pay whatever the IRS says they owe.
You needed to get out of stocks when Obama was first saying we were in a depression. That was before the crash started in 2008 when Obama was selected at his convention. Immediately after the Obama convention the market began to plunge. By the time Obama was sworn in the democrat liar loan-Freddie-Fannie congressional wealth redistribution fraud with Senator Dodd had unraveled and the market was already down half. Stock funds are not much better because the terrible funds are bought for pennies on the dollar by the better funds and all the worthless investments are de-listed and buried from view. No one keeps records of buried mismanaged funds. Look at five years of Bulk Trade and the DJT to see how materials and product flows have fallen.
 

Obama uses a teleprompter and an earpiece to tell him everything!

http://www.youtube.com/watch?v=t4-AKcH3eC8&NR=1&feature=endscreen


http://www.youtube.com/watch?v=bEMCil2iRt4&feature=related

Obama Supporters
 http://www.youtube.com/watch?v=tV8P-vib5n8&feature=related

http://www.youtube.com/watch?v=woBC5b3Ti0M&feature=related

http://www.youtube.com/watch?v=e_JJLLfTR8I&feature=related

Do you remember the Black Panthers intimidated election poll workers and Obama and Holder did not prosecute them?

http://www.youtube.com/watch?v=ddRNy4MISkg&feature=related

http://www.youtube.com/watch?v=XKGdkqfBICw&feature=player_embedded

NABE’s latest economic policy survey found that American economists believe Obama health-care costs will grow exponentially over the next 10 years rather than produce any savings. Legal fees for deaths caused by the waiting line for cancer treatments will be an economic boon for attorneys.

The "D" word refers to economic "depression" as when Obama said Bush put us into a "Depression" well before the run on the bank that Senator Dodd started by announcing that a California bank was going to fail. Together Obama and Dodd (on the Senate Banking Commission) did something that no others in the history of America did. They deliberately undermined confidence in American banks after they both had undermined the housing industry and the banks by requiring that real estate companies and banks give and have Fannie and Freddie underwrite "Liar Loans" to indigents who could not get home mortgages unless they lied about their income and savings. That is right, if the bank denied a loan because the applicant supplied no proof of income, and the applicant was a minority the bank and realtors became vulnerable to being sued for racial discrimination by the justice Department (now under Obama-Holder). These worthless loans were made into "financial derivatives" that people and institutions invested in.  Derivatives made from Obama-Dodd "Liar Loans" are what caused the collapse of the American Banks in 2007.

The Rasmussen Reports daily Presidential Tracking Poll shows; Mitt Romney earns 46% of the vote while President Obama attracting support from 46% 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 market this week

EU unemployment rose above 11 %.

Spain has been reduced today to CC or junk status.

Friday the German DAX plummeted 1% and the French CAC fell 2.5%

Bulk world trade has completely collapsed and the Dow Jones Transportation Index has flatlined.

Analysts are lowering estimates for European earnings growth by 52 percent, clashing with investors whose confidence in the European Central Bank helped send equity valuations to a 2 1/2-year high.

China’s stocks continue to decline.

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;

Here is one that Obama will not touch and could stop in a second if it were not the truth. He does not believe in the American dream because it never was socialism.

http://www.youtube.com/watch?feature=fvwp&NR=1&v=l-HqHSkYG-Y

Emerging markets. The other American markets are essential to the recovery of the world are showing some investor interest but no underlying economic improvement.

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 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 2011 high. It gave a sell signal in 2011 and has 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 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 market failed to break out of old resistance levels. Something has to break loose. QE3 did not even start and it is now totally discounted by the market run-up and all it did for Japan in 1990 was cause their stock market to collapse. Fools say the market has also discounted an Obama re-election. If that were true the stock market would be in free fall.

Precious metals ETF’s are a high risk if there is a market pullback. Smart investors recently took their record 15% market appreciation profits and have moved to the sidelines.

Case-Shiller 20-city Index Jul +1.2% from 0.5%

Consumer Confidence Sep 70.3 improved from 61.3

FHFA Housing Price Index Jul 0.2% increase slowed from 0.7%

MBA Mortgage Index 09/22 +2.8% improved from -0.2%

New Home Sales Aug 373K down from 374K

Crude Inventories 09/22 -2.446M falling fast from 8.534M ….not good

Initial Claims 09/22 359K down slightly from 382K


http://www.martincapital.com/index.php?page=graph&view=initial_unemployment

Continuing Claims 09/15 3271K down from 3272K

Durable Orders Aug -13.2% sharply lower than 4.2%

Durable Orders -ex Transportation Aug -1.6% sharply lower than-0.6%

GDP - Third Estimate Q2 1.3% down sharply from 1.7%

GDP Deflator - Third Estimate Q2 1.6% exceeds growth by 0.3% 1.6% an annual rate of 6.4% (4 * 1.6 = 6.4%)well above the FEDs 3% annual goal.

Pending Home Sales Aug -2.6% fell 5% from 2.4%

Friday

Personal Income Aug 0.1% rose by inflation 0.3%

Personal Spending Aug 0.5% rose with increasing inflation 0.4%

Producer CE Prices - Core Aug 0.1% rose from 0.0%

Chicago Manufacturing index Sep 49.7 down tom 53.0 means manufacturing continues to contract.

Michigan Sentiment - Final Sep 78.3 declined further from 79.2

Gasoline jumps on low supplies

Today

Oct 1 10:00 AM ISM Index Sep

Oct 1 10:00 AM Construction Spending Aug

This Week

Oct 2 2:00 PM Auto Sales Sep

Oct 2 2:00 PM Truck Sales Sep

Oct 3 7:00 AM MBA Mortgage Index 09/29

Oct 3 8:15 AM ADP Employment Change Sep

Oct 3 10:00 AM ISM Services Sep

Oct 3 10:30 AM Crude Inventories 09/29

Oct 3 2:00 PM FOMC Minutes 9/12

Oct 4 7:30 AM Challenger Job Cuts Sep

Oct 4 8:30 AM Initial Claims 09/29

Oct 4 8:30 AM Continuing Claims 09/22

Oct 4 10:00 AM Factory Orders Aug

Oct 5 8:30 AM Nonfarm Payrolls Sep

Oct 5 8:30 AM Nonfarm Private Payrolls Sep

Oct 5 8:30 AM Unemployment Rate Sep

Oct 5 8:30 AM Hourly Earnings Sep

Oct 5 8:30 AM Average Workweek Sep

Oct 5 3:00 PM Consumer Credit Aug

 

Market outlook Oct 1, 2012
The FED is stoking the next unstable bubble. It will be the collapse of treasuries when inflation hits. Obama floods the world with cash but no hope for recovery and no change in investment opportunities. Still no fixed interest investments with any underlying value.

U.S. stocks fell last week, sending the Standard & Poor’s 500 Index toward its worst week since June, as US business activity unexpectedly contracted in September And Asia contracted for the third month. However Obama has had the stock market on steroids flushing banks with money without housing or other investment vehicles to absorb the cash. Therefore it is totally wasted.

The market could plunge any time as the world discounts the possible re-election of Obama and the USA multi-trillion dollar cliff that Obama insisted be pushed to after the election.

The DJT again fell away from the DOW and for the first time on Tuesday the media has begun to pick up on this failure to confirm the economy. Falling transportation and the collapse in bulk trade is warning the world is now in a deep depression and all of the recovery is nothing but Obama and socialist inflation that is not truthfully reported by the socialists. We may have just passed the high for the year.

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;

There still has been no stock market buy signal and the run-up seems to be over. The NYSE did have a 3mo-cycle breakout but not a major 1yr-cycle breakout.

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. There still is no DOW Buy Signal.

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. 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 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.

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 down in high risk La-La Land. The 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 morons win or lose.

http://finance.yahoo.com/q/bc?s=%5EVIX&t=2y&l=on&z=l&q=l&c=

Well the Baltic Dry Index blip up just stopped. China may not have hit bottom yet. http://www.bloomberg.com/quote/BDIY:IND/chart

Stock market update:
Asian markets followed were down last night with China; markets closed this week. India up 0.3%, Taiwan down -0.5%, Japan down -0.8%

European markets up half way through their day in a range of 0.1% to 1.5%.

American market futures are up about 0.5% in after-hour trading at 7 AM EST. This indicator does not statistically correlate with anything.

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