The GDP has tanked again.
Consumer sentiment is in the doldrums still.
Factory orders year to year increases have become stuck near
zero %.
New home sales have finally risen to the very lowest levels
of previous recessions.
Housing permits and starts have been at the lowest levels
seen in thirty years.
Producer and Consumer price indices are declining again as
if we were slipping into another recession on top of Obama’s 5 year recession.
Notice that all the DJI failed
to set a new buy signal for 18 days in the latest rally. Also, you can see that the stocks in a
selected index become favorites (e.g. DJI) and consequently those stocks rise
faster and give the false impression that the whole market advances an extra several
extra percent points each year giving the false impression the overall market is doing
much better than it actually is doing. And
therefore almost no investor averages as well as an index does. Investors have the same
gambler’s remorse and it has them thinking and saying they actually had the gains of the index. It is an illusion. But it is still the best way to save for the future.
Notice the previous advance ended when Obama was re-elected
because Governor Christy undermined Former Governor Romney just as he Romney
had pulled ahead by 2 points.
And the two rallies before those saw a 10% correction a 10% recovery
and then the sharp 20% selloff in 2011
Dzhokhar Tsarnaev clamed up as soon as Obama and Holder sent
someone to tell him he did not have to tell the FBI who supplied the bombers
with their terrorism know-how. By Holder
reading him his rights Dzhokhar can now be prosecuted for anything Dzhokhar now
discloses so he has clamed up. But
before that he was telling the FBI everything because he could not be
prosecuted for the additional crimes he revealed. The FBI already had enough evidence on him so
they were willing to let him disclose his unknown terrorist contacts with no
additional charges because they already had enough evidence to get him a death
sentence. But now that Obama had Dzhokhar
read the Miranda Act, Dzhokhar would be crazy to tell anything more because after
being read the Miranda Act, anything new that he reveals can be used against
him.
Terrorism will not end until Moslem Jihads are
declared to be world crimes against humanity just as evil as anything Hitler
did. Why doesn’t the International Court
Chrysler Group said Monday that its net income fell 65
percent in the first quarter
World Economies
http://www.foxbusiness.com/index.html
Copper fell in London
Herbalife logged a profit of $1.27 a share, easily besting
estimates of $1.07. Herbalife hasn’t missed EPS estimates since the fourth quarter
of 2008. The nutrition marketing company
earned $118.86 million, or $1.10 a share, last quarter, compared with $108.16
million, or 88 cents a share, a year earlier.
Guenter Schiffmann/Bloomberg. Daimler AG, the world's
third-largest maker of luxury vehicles, last week cut its 2013 profit forecast
after first- quarter earnings tumbled
In spite of the flooding of the world with US currency, the German
market has hit but has still failed to break out from the 2007. Remember since 2008 we had over 15% inflation
when we include food and energy so the market is still 15 off the real high
when the high is hit. The German market continues to hit resistance.
The Greek market indicates stagnation since year 2000.
The French market indicates stagnation since year 2000.
The Swiss market indicates stagnation since 2007. But once again look at the spike up in stock
prices with Bernanke’s $85,000,000,000/month gift from America
http://in.finance.yahoo.com/q/bc?s=%5ESSMI&t=my
The NYSE is similar
to the British and Swiss and indicates stagnation since 2007 given in excess of
15% inflation but the market no similar market advance.
http://finance.yahoo.com/echarts?s=%5ENYA+Interactive#symbol=^nya;range=my;compare=;indicator=volume;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=undefined.
American Economy
The DJI failed to break out.
Now that the Big Brother and the FED is inflating the money supply the
new highs don’t even Given the inflation exceeding 15% since the last high in
2008 it has a long way to go to break even in 2008 dollar value.
The DJA in 2013 is also now at a record high due to
inflation. Look at the spike up this year as $85,000,000,000 flows into markets
each month.
http://finance.yahoo.com/q/ta?s=%5EDJA&t=my&l=on&z=l&q=l&p=&a=&c=
The Markets April 30, 2013
It is the Administration's QE3 and sequester incompetence.. not the
spending cuts that is now hurting the American economy. The over supply of materials, oil and gas is
due to the declines in the world economies and hides the underlying growth of
inflation because people are not working.
Once the economic decline levels off, inflation will surge. There is plenty of government waste that can
be cut that would improve the American economy and a new law should not have
been necessary to tell the administration to get smart and to cut duplication
in departments and other waste. For
example if the department heads cannot figure out how to intelligently cut
waste then Obama should fire the heads because they are a source of waste. Instead Obama hired 20,000 new IRS agents to
harass everyone they can. The new
Senate bill would not be necessary if the administration thought that the
department heads, about which Congress knows very little, were competent enough
to administer their own departmental cuts.
Bull markets once ran 3 years
then 4 years but rarely 5 years. Ours
has already run 4 years so far. Bear
markets follow for 1 to 2 years.
http://finance.yahoo.com/echarts?s=%5ENYA+Interactive#symbol=^nya;range=my;compare=;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;
Can world trade go any lower or has it flat lined? Look at the last 5 years. It still looks close to zero growth.
http://www.bloomberg.com/quote/BDIY:IND/chart
Bernanke is pushing on a string. The FED has run out of leverage at close to
0% short term interest rates.
http://www.martincapital.com/index.php?page=graph&view=interest_rates_long
The VIX behaved this way in 2006 and 2007when the bubble
began to unravel but the market did not collapse until 2008. Again look at 5 years and you see the worst
is yet to come. The VIX would normally
top out above 30 before the bear market ends.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=5y&l=on&z=l&q=l&c=
World market updates:
http://in.finance.yahoo.com/intlindices?e=asiahttp://in.finance.yahoo.com/intlindi? cese=
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