People in New York City sleep in their cars overnight so that they do not lose their place in the gas line before the Fuel trucks arrive to refill the station tanks. Obama did not get them water, fuel, or housing because he was out campaigning after Hurricane Sandy not exercising any presidential leadership. Black panthers are reported to be at polls again this election.

Aristotle distinguished between two kinds of virtue: moral virtues such as compassion and intellectual virtues involving reasoning. The moral virtues are not innate; they are acquired by developing the habit of exercising them. An individual becomes truthful by acquiring the habit of acting truthfully. A morally virtuous action requires the individual to exercise some freedom to choose his or her own virtuous actions. The individual loses them when he or she abdicates them to a group because they are no longer free will or personal responsibility and the individual no longer practices the habit. The morally virtuous decisions once abandoned to an organization or government are out of mind. An individual who has abdicated his or her morality to an individual, group, tribe, or government that is then empowered to decide what to do… has lost his or her morality by surrendering personal discretion to others. An individual abdicates their moral responsibility if the individual has abdicated control over their moral actions and no longer personally practices the virtuous behavior.

The attack on American religious freedom is to enable socialists to eliminate Catholic and other charitable hospitals that allow the expression of true individual compassion. Unions allow teachers to abdicate their responsibility to be competent and dedicated teachers. The attack on religious freedom was Obama’s greatest mistake and has mobilized all true Americans because religious freedom is freedom of thought which is why America was created. 

It was not a great moment for Obama, especially for the end of a campaign when Mitt Romney stressed larger, optimistic themes.  

http://www.nydailynews.com/blogs/the_rumble/2012/11/obama%E2%80%99s-%E2%80%98revenge%E2%80%99-is-a-bad-campaign-habit

Netflix adopted a poison pill to protect against a hostile takeover by billionaire investor Carl Icahn.

Government Motors Co. (GM), the union owned automaker, reported a new $11 billion revolving credit line to guarantee the union pensions.

Capitalist 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 just the run of the mill corrupt and incompetent socialism where you either support the corrupt socialist or you are investigated, harassed, or sued. Socialists love the way Detroit has been made another governmental department to make electric cars no one buys.

Obama will not release federal money to states that employ non-union volunteers. Obama said "No thanks to non-union electricians from Southern states willing to help their northern cousins recover.  That would be old fashion American compassion.   Environmentalists and unions take precedence before loyal Americans coming up to help. Non union electricians from the south have been prevented from helping the hungry homeless get power restored in the Northeast.
https://www.youtube.com/watch?v=nIecRcfQKI4

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 is still holding an American Jew in jail because he made an irrelevant 3^rd rate Utube video and he is now the scapegoat. Obama said the moviemaker couldn’t speak until after the presidential election. 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 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//

The Rasmussen Reports Monday that the Presidential Tracking poll shows; Mitt Romney attracting 49% and Barack Hussein Obama is at 48% of the vote nationwide. http://www.rasmussenreports.com/public_content/politics/obama_administration/daily_presidential_tracking_poll

World Economies

German factory orders fell the most in a year in September. Adjusted for seasonal swings and inflation, it slumped 3.3 percent from August, when they dropped a revised 0.8 percent.

Russian October inflation rate falls slightly but is still 6.5%.

A United Arab Emirates fuel producer failed to pay almost $1 billion in Islamic debt on maturity last week.

Greece is being blamed for just about everything today. The real uncertainty is the fear of another four years of Obama worldwide brain rot.

Toender Bank based in southwest Denmark was forced to declare bankruptcy after markets closed on Nov. 2, following an inspection by the Financial Supervisory Authority that revealed bad loans big enough to wipe out the lender’s entire equity.

China’s ETF’s have diverged from China’s stock market. ETF’s are looking overpriced. Here is the last year for the market.


http://in.finance.yahoo.com/echarts?s=000001.SS#symbol=000001.ss;range=1y;compare=;indicator=ema(100,200)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined;

The ETF for china is too optimistic now.


http://in.finance.yahoo.com/echarts?s=FXI#symbol=fxi;range=1y;compare=;indicator=ema(100,200)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=off;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

This week past

ISM Services Industry Oct 54.2 down sharply from 55.1

Today

Nov 7 7:00 AM MBA Mortgage Index 11/

Nov 7 10:30 AM Crude Inventories 11/03

Nov 7 3:00 PM Consumer Credit Sep

This week

Nov 8 8:30 AM Initial Claims 11/03

Nov 8 8:30 AM Continuing Claims 10/27

Nov 8 8:30 AM Trade Balance Sep

Nov 9 8:30 AM Export Prices ex-ag. Oct

Nov 9 8:30 AM Import Prices ex-oil Oct

Nov 9 9:55 AM Mich Sentiment Nov

Nov 9 10:00 AM Wholesale Inventories Sep

Market outlook Nov 6, 2012

We predict a victory for Mitt Romney on Tuesday and an enormous initial market rally. We see Obama’s attack on American freedom of religion (which encompasses America’s silent majority) will turn out to be Obama’s greatest mistake. Religious groups have many charities that Obama has been trying to put out of business to make government not individual Americans responsible for love and compassion… and that is how communism destroys compassion.

Aristotle saw that the great human traits such as compassion and integrity must be individually practiced and cannot be delegated because when you delegate your compassion and integrity to others you in effect abdicate your own compassion and integrity.

But we predict the socialists’ voter fraud will obscure results and throw up more smoke than seen in the 2000 and 2004 elections.  In Oregon the fraud has been known to delay results a full week. It also took about a week for comedian Democrat Bill Maher to emerge the winner in Minnesota. Mysterious ballots just kept showing up. If the fraud is overcome we predict an enormous economic recovery later with President Mitt Romney.

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. 

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 down slightly last night with China down -0.4%, Hong Kong down -0.3%, India up 0.3%, Japan down -0.4%.

European markets are up half way through their day an average of about 0.2%% to 0.7%

American market futures are again up about 0.3% in after-hour trading at 9:00 AM EST. This indicator does not correlate with anything.