Obama says “No thanks to non-union electricians from Southern states willing to help their northern cousins recover. Environmentalists and unions take precedence before loyal Americans coming up to help. Non union electricians from the south have been reported to be rejected in the Northeast from helping the hungry homeless get power restored. It was also disclosed that Obama has not met with his economic advisors for a full year! Now Obama set up former General David Petraeus to take the fall for the Obama/Clinton incompetence and cover-up in Libya. Once again the leftist proclaim, “Petraeus betrayed US” just as they did when he recommended a surge to allow Iraq to settle down before the withdrawal of troops. The Obama/Clinton socialists were already were raising the white flag. Iraq is now a normal chaotic secular Arab state unlike the complete bedlam in the Mideast caused by the Moslem Brotherhood and al qaeda that Obama/Clinton unleashed this past year when they undermined the secular Arab states that still had a semblance of Western sanity.

If Mitt Romney is elected president, the future will be "Made in America." America’s new technology can close the gap between the idea and the product coming off the assembly line. Another closes the gap between design and prototype model for design evaluation. A third technology already exists and automatically uses computer aided machining. It will cut the design and development time by 80%. Then there is a fourth technology that can produce assembled parts in one process in a surgically clean environment. And the fifth process also exists and will automate the genetic manufacture and growth of meat so farm animals will become obsolete.
Even the meat of rare game animals will be available to restaurants and it will be grown in a disease free environment.   Even the DNA of the Mammoth will one-day be used to provide protein for food. It is a sad fact that animals are going extinct because they cannot be protected and raised for human consumption. The Texas ranch that raised animals from the brink of extinction has had to kill off the herds to comply with a court order.

Mitt Romney knows how economic revolutions work. Obama is a dunce and wasted four years of potential tremendous American economic growth! Those revolutionary technologies combined with America’s ability to innovate will leap frog and render obsolete American investments in China, India, and all the other nations that that depend on fraud and piracy of products to keep up with America. In china they are intellectually and politically corrupt and have fake Apple product stores with fake Apple products. An intellectually corrupt socialist society cannot compete against America’s free enterprise even with their currency manipulation. Obama is envious of China’s socialist society. Mitt Romney knows what America is capable of doing and creating. Obama is clueless and wasted his four years! Obama wants to return to an agrarian society. Obama thinks Pol Pot was a great socialist leader in Cambodia. But the butcher, Pol Pot eventually is quoted as giving up on socialism. Some believe socialism is not an economic system but is a disease. Hitler, Stalin, Mao, Chavez, Castro, Pol Pot, Obama, and Kim Jong-il all caught the disease.

Obama’s latest political ads set new lows. Move On dot org is a site for socialists and M. Moore is a big Obama supporter. See what happens when you catch "socialism."   Apparently these people were great people when Obama was elected. Now look at what socialism did to their brains in just four years.

https://www.youtube.com/watch?v=nIecRcfQKI4

Sandy devastated small businesses on the East Coast to the tone of $50 billion on the eve of elections.

Socialist Martha Stewart announces layoffs of 10% on the eve of elections.

Bloomberg and Christy announce support of Obama on the eve of elections in hopes of getting some Federal help.

It costs $250,000,000 for 400 Obama jobs. Over $600,000 per job created using Obama’s socialist policies. And then a year later the company goes bankrupt and they are collecting Obama unemployment and food stamps again.

It is six weeks since the American Ambassador to Libya asked for more security. And it is a month after the American Ambassador and three other Americans were killed in Libya and the same day the killers identified themselves as terrorists. But the President still lies to Americans and is holding an American Jew in jail because he made an irrelevant 3^rd rate Utube video and is now the socialist president’s scapegoat. Obama said the free-speech video was deemed a parole violation so that the moviemaker cannot speak until after the presidential election next week. Charles Woods, the grieving father of murdered Navy SEAL Tyrone Woods was at the memorial service for his son and the three other Americans killed. Woods said that the president approached him. "Shaking hands with him was like shaking hands with a dead fish," he said. He recalled Vice President Biden saying to him "in an extremely loud and boisterous voice," "Did your son always have balls the size of cue balls?" He questioned the sincerity of their sympathy, and that of Secretary of State Hillary Clinton. Furthermore on Friday he said that U.S. officials who denied a request for help while the diplomatic compound in Benghazi was under attack "are murderers of my son." 
http://www.foxnews.com/politics/2012/10/26//

Heraldo to take position as a spokesman for Obama.

Two nights before Election Day, the new socialist Weinstein-produced "SEAL Team Six: The Raid on Osama Bin Laden" will be aired to show how Obama and his team tracked and killed Obama.

Economists agree that Detroit would have been much better off under normal bankruptcy because the union would have been cut back instead of having the union now on the board of directors and the corporation presidents selected by Obama. Each GM president Obama appoints stays about a year and retires as another millionaire socialist Obama contributor. Obama socialism is the run of the mill corrupt socialism where you contribute to his campaign or you are investigated or sued.

Avon third-quarter net income plummeted 83% to 7 cents a share under Obama’s "economic" stimulation.

Obama refuses to send in the National Guard as 4.8 million customers are still without electricity with utilities flooded equipment and downed transmission lines. If it were New Orleans with a large socialist leaning population Obama would be giving them his royal Saudi treatment. But these are American working people who may not vote for another four years of hair brained socialist economic initiatives.

America’s nuclear-power industry survived Sandy’s readiness test with flying colors.

Apple’s Scott Forstall was reported to have said there’s no "decider" now that Steve Jobs is gone. Steve Jobs’ replacement, Tim Cook took issue and Scott Forstall is looking for another job now. Apple’s earnings are declining. The firing of Forstall and Browett highlights why Apple is now imploding. Steve Jobs was such a capable entrepreneurial executive that he was able to fill in the weaknesses of competent executives and use them to their fullest extent. Unfortunately, Scott Forstall lacks that entrepreneurial skill and hence the entire team is diminished by Scott’s inability to make entrepreneurial timing decisions. Hence Apple pushed their mapping application before it was ready and their latest iPad is a failure by Steve Job’s criteria of product growth. Hence Apple cannot sustain its high PE multiple and will likely meander and then fall. One early indication that Tim Cook was no entrepreneur was his acting imitation of Steve Jobs. It was not that the imitation was so bad but that Tim felt he could hot be himself and come up with his own brand of good salesmanship.

In mid September, at the Univision forum, Jorge Ramos asked Obama to defend his administration’s Fast and Furious US government gun running program, which allowed 1,961 guns to go to Mexican drug cartels.  Obama replied, "I think it’s important for us to understand that the Fast and Furious program was a field-initiated program begun under the previous administration."   The problem is, this is another of Obama’s flat out lies. As multiple fact-checkers have confirmed, the ATF started Fast and Furious in October 2009, nine months into the Obama presidency. Does anyone care if Obama continues to lie about arming the Mexican drug cartels?
http://washingtonexaminer.com/morning-examiner-does-obama-have-a-fast-and-furious-problem/article/2509471

Monday, Burger King Worldwide posted an 83% decline in third-quarter earnings.

Hurricane Sandy grounded 12,500 flights Monday and will tomorrow as the storm barreled toward the northeast and forced the region’s major airports to suspend operations. It is the largest storm with the lowest pressure ever recorded in the USA at its eye. Damage is expected to exceed $20 Billion in U.S.

Mitt Romney said he will "fight for every American job." He said, "Obama sold Chrysler to Italians who are going to build their Jeeps in China."

Apple is a sinking Titanic and they know it and many are abandoning ship in a hurry. In the mean time CEO Tim Cook has re-arranged the deck chairs. Scott Forstall, the head of mobile software, and John Browett, who leads retail operations, will depart amid the biggest management overhaul yet under Chief Executive Officer.

The Rasmussen Reports Wednesday that the Presidential Tracking poll shows; Mitt Romney earns 49% of the vote while President Obama attracting support from 47% 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
Communist China imposed an extra 15 percent tax on all Hong Kong home purchases by companies and non-permanent residents.

Sony announces a loss and Sharp prepares for takeover or bankruptcy.

Chinese manufacturing output rose in October and U.S. reports Thursday are expected to show factories expanded and construction spending increased.

The euro-area jobless rate climbed to a record in September as the fiscal crisis and tougher austerity measures threatened to deepen the economy’s slump. Unemployment in the 17-nation EU rose to 11.6 percent from 11.5 percent in August, the European Union’s statistics office said today. That’s the highest since the data series started in 1995. The data also showed that youth unemployment is at 23.3 percent, with Spain’s rate more than double that, at 54.2 percent.

Hollande’s French decisions are noted for their contrast with neighboring Spain and Italy, which are dramatically restructuring their economies to cope with Europe’s debt crisis as it enters its fourth year.

Commodities decline for the third straight week, the longest losing streak since April erasing this year’s gain on mounting concern about slowing world economic growth if Obama is re-elected.

Retail sales in Spain fell 11 percent in September from a year ago, the National Statistics Institute said Monday. The Bank of Spain estimated last week that GDP fell for the fifth consecutive quarter.

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. If Obama is elected his incompetence will likely drive the world into a full-blown depression.
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
U.S. equity trading closed for a second day Tuesday due to Hurricane Sandy flooding.

This week

Personal Income Sep 0.4% up from 0.1%

Personal Spending Sep 0.8% up from 0.5%

PCE Prices - Core Sep 0.1% same as 0.1%

Case-Shiller 20-city Index Aug rose to 2% from 1.2%

MBA Mortgage Index 10/27 -4.8% fell again after -12.0% says housing sales are dropping again

Oct 31 8:30 AM Employment Cost Index Q3 rose 0.4% slightly lower than the last quarter’s 0.5%

Oct 31 9:45 AM Chicago PMI Oct 49.9 improved from 49.7 but still shrinking because anything below 50 is a contraction.

Yesterday
Delayed Consumer Confidence Oct 72.2 up from 70.3

Delayed ADP Employment Change Oct 158K up from 114K

Delayed Crude Inventories 10/27 down 2M from 5.9M increase last week

Challenger Job Cuts Oct 11.6% after decreasing –70.8 last month

Initial Claims 10/27 363K down from 369K last week

Continuing Claims 10/20 3250K down from 3254K last week

Productivity-Prel Q3 1.9% down from 2.2% last month- worse

Unit Labor Costs Q3 –0.1% down from up 1.5% last quarter

ISM Index Oct 51.7 up from 51.5 last month- good

Construction Spending Sep 0.6% up from +0.1% last month.

Today
Nonfarm Payrolls Oct 171K up from 148K

Nonfarm Private Payrolls Oct 184K up from 128K

Unemployment Rate Oct 7.9% up from 7.8%

Hourly Earnings Oct 0% down from 0.3%

Average Workweek Oct constant at 34.5 hrs

Nov 2 10:00 AM Factory Orders Sep ?

Market outlook Nov 2, 2012
We predict a victory for Mitt Romney on Tuesday and an enormous initial market rally. But we predict the socialists’ voter fraud could obscure results and throw up more smoke than seen in the 2000 and 2004 elections. Multiple recounts and days of delays are the classic symptom of socialist voter fraud. In Oregon the fraud has been know to delay results a full week. It also took about a week for comedian Bill Maher to emerge the winner in Minnesota. Mysterious ballots just keep showing up. If the socialist fraud is overcome we predict an enormous economic recovery with President Mitt Romney.  With Obama US debt will only get a lot worse.

America was prosperous for 250 years because with hard work you could be prosperous and if you did not like to work you went back to your country of origin. We welcomed Cubans longing for freedom and economic opportunity. With the growth of Socialist liberalism and then socialism the immigration of indigent immigrants has been encouraged. Castro gave us all his socialist prisoners and Haitian unemployed socialists were welcomed to our welfare rolls. Many American’s see this election as America’s last chance to secure our boarders and stop the influx of indigent socialists. America just cannot keep up with the growth of corrupting socialist unions, crime, drugs, and indigents. America needs to stop the socialists who are running our educational and media systems and pull the plug on them before it is too late. We are subsidizing the very stupid people who are oblivious to the crimes of Fidel Castro, Hugo Chavez, Daniel Ortega, Hitler, Mao, Stalin, Pot Pol, Kim Jong-il and the rest of them.

This election is extremely important for America if we are going to remain in a free and prosperous world. Socialism is a chronic and terminal disease and Obama is a hard-boiled socialist who is insane enough to gun run and kill 30,000 innocent Mexicans to try to make guns illegal for America to own. Every socialist dictatorship’s first action is to disarm the people and then to create a domestic personal army. Hitler called his domestic army the "SS". They commanded the national army, navy, and airforce. Tyrants always have had domestic armies that protect the tyrant and kill those who resist the dictator. Saddam Hussein had his Republican Guard. Obama publicly declare that he wants to downsize the American army and have a domestic army that is funded as well as our armed forces are funded. Obama overtly admires Fidel Castro, Hugo Chavez, and Daniel Ortega.

http://www.youtube.com/watch?v=VvgvLX3xL68
http://www.youtube.com/watch?feature=endscreen&v=EOO8pGSlEzk&NR=1

Many stocks continue near their lows and are good investments. But unless Mitt Romney wins, the world will have a worsening four years. Mitt Romney continues to advance in the Rasmussen polls. But if Obama wins re-election, America and the world will be in deep trouble because he is a socialist who is ignorant, quarrelsome, and lazy.

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

The DJRails must still confirm the DJIndustrials 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. But evidence is that the two are now converging and it is a matter of there being another rally.
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 dropped again but is in an upward trend. China probably hit bottom and has begun to bounce.
http://www.bloomberg.com/quote/BDIY:IND/chart

Stock market update:
Asian markets followed were up last night with China up 0.6%, Hong Kong up 1.3%, India up 1%, S. Japan up 1.2%.

European markets are up half way through their day an average of about -0.2%% to +0.3%

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