The parable of the Master who gave his three servants money to invest is a telling story about the compassion of God. The servant who invested wisely was rewarded. And the one who took no risk at all… he had his money withdrawn and given to the wisest investor. It shows that to take from the wise to redistribute it to the foolish is not compassion, or good, or wisdom as God defines it, it is only socialism and a path to equality of poverty on a national scale. God does not take; he only invests in our lives. He tries to help us to become wise. He wants us all to do our best because he is a good father.
Socialism is not compassionate. It bestows favors, gifts, and entitlements because socialism survives on corruption with undeserved favors and harrassment and punishments and crimes against humanity to establish its tyranny of the majority. The mother of the recent deposed future leader of China was a billionaire and his wife was a murderess. That is how bad corruption is under socialism in China.
Charity is compassion too and charity is for the people who are unable to care for themselves. The evidence is that 10% is about the minimum amount to give to charity. Oddly socialists and liberals notoriously give the least to charity and yet truly think they are more compassionate. That is consistent with what Aristotle said. Virtues must be personally practiced and can not be delegated to government. Socialists and liberals do not have the virtue of compassion because they have no skin in the game. The moochers (the lazy and liberals) more than any other segments see themselves as entitled to things they neither created nor earned.
Gold broke above its 50-day moving average as a combination of dollar decline, gold options-related buying and technical support near $1,750 an ounce.
World Economies
http://www.bloomberg.com/news/
http://www.foxbusiness.com/index.html
Germany has led a bloc (the U.K., Denmark, Sweden and the Netherlands) demanding austerity in Greece and the other bailed-out euro countries in exchange for rescue aid. More than 200 Brussels bureaucrat clerks earn more than Prime Ministers Cameron or Hollande. Cameron said they must live in an alternative universe if they think they will not have to take a pay cut. The European Union budget talks broke up with no plan.
Oil had the biggest weekly gain in more than a month as German business confidence unexpectedly rose for the first time in eight months in November, a signal Europe’s largest economy may expand.
The German business confidence index climbed to 101.4 from 100 in October. China appears to be recovering too.
Japan may finally be bottoming from their Quantitative easing that started in 1985 and collapsed their growth in 1990.
http://in.finance.yahoo.com/echarts?s=%5EN225#symbol=^n225;range=my;compare=;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;
American Economy
http://biz.yahoo.com/c/e.html
Nov 19 10:00 AM Existing Home Sales Oct 4.79M improved slightly from 4.75M
Nov 19 10:00 AM NAHB Housing Market Index Nov 46 improved from 41
Nov 20 8:30 AM Housing Starts Oct 894K improved from 872K
Nov 20 8:30 AM Building Permits Oct 866K down from 894K
Nov 21 7:00 AM MBA Mortgage Index 11/17 -2.2% down substantially from 12.6% -
Nov 21 8:30 AM Initial Claims 11/17 410K still very high 439K
Nov 21 8:30 AM Continuing Claims 11/10 3337K still getting worse 3334K
Nov 21 9:55 AM Michigan Sentiment - Final Nov 82.7 down from 84.9
Nov 21 10:00 AM Leading Indicators Oct 0.2% still positive 0.6%
Nov 21 10:30 AM Crude Inventories 11/17 -1.466M dropping fast from 1.089M
Nov 24, 2012
This week
The stock market tells us what is happening in about four to six months. The unemployment data suddenly went bad after the election indicating that Jack Welch was right about the administration falsifying the economic data to pretend things were getting better.
The EU is making no headway but the fiscal cliff will obscure EU things over the next few weeks. We expect positive happenings for the US in the next few weeks and then a crisis point. But we expect the radical left socialists to propose a new "wealth tax" which would mean they know they cannot raise revenue with tax increases because investors just switch from short term to long term investing. A wealth tax would cause massive forced selling of the property of the welfare at a time when there is no market so underlying property prices worldwide will collapse. The wealthy will take loses and because property prices would decline the world "wealth" would drop by a multiple of the tax. If they have a 1.5% wealth tax it would cause force selling to get the cash and world wealth could easily shrink 10% to 30% depending on how close they are to being forced to sell to raise cash.
The DJ Rails 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;
As we predicted the market shows that Obama may be taking America into a profoundly deeper depression breaking 2009 lows since he was re-elected and we have little hope of a recovery with Obama in office.
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 under Obama 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 are now stuck with 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. Volume is so low it implies Americans are fleeing stocks again.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=2y&l=on&z=l&q=l&c=
Is the Baltic Dry Index five-year trend finally showing a bottom? China probably hit bottom and has begun to bounce like a dead cat…unfortunately. And Obama stalling the American economy will compound the worldwide recession.
http://www.bloomberg.com/quote/BDIY:IND/chart
Stock market update:
http://in.finance.yahoo.com/intlindices?e=asia
http://in.finance.yahoo.com/intlindices?e=europe
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