December 27, 2013 Merry Christmas and a happy New Year in spite of the anti-Christian Grinch Obama who is destroying the worlds best health care system. Technical difficulties are creating new headaches for Americans. Twelve times as many Americans have seen insurance cancelled as have signed up for insurance. Health care costs are going up an average of 50%.

Twitter posted its biggest-ever decline after its first downgrade.
Dec 24 Obamacare is turning out to be Solyndra on steroids. The Obama healthcare website, which Microsoft could have finished for $12 million in one year, has cost Obama three years and more than $1.4 Billion all given to Obama’s inept political friends and relatives and it still is not working correctly. The NYSE closed at 10246 yesterday only a few points short of the 10312 all time high of 10/31/2007. Obama claims more Americans are employed today and the economy is smoking. What is this socialist administration smoking? In the latest filing billionaire Buffet has been drastically reducing his exposure to stocks that depend on consumer purchasing habits. Billionaire socialist George Soros recently sold nearly all of his bank stocks. Billionaire John Paulson, who made a fortune betting on the subprime mortgage meltdown is now selling his U.S. stocks again. This administration is like one big Solyndra on steroids.
http://www.newsmax.com/Outbrain/billionaires-dump-economist-stocks/2012/08/29/id/450265#ixzz2oJe3FdZB

SQAWK Box said holiday sales are very low and margins are very low and the Obama consumer sales numbers were possibly car buying. They said holiday sales will be very poor and then all the temporary employees will be let go.
The administration manipulation on federal economic data is hitting new highs. They tell us we are paying down the deficit and hiring but the deficit keeps getting worse and more young people are unemployed now than in the Great Depression. Consumer spending numbers are touted at 5% according to Obama but we are not seeing it unless they include BITCOIN and the Target store hacking of charge cards. There is nothing really going on but this administration is hyping everything because it is unable to manage anything right. There is no ownership of anything they do. It is always a failure and somebody else’s fault. If they took responsibility they would at least try to do a decent job. But this administration has no shame.
One problem socialist Obama has is that he claimed he had data that said USA health costs went up unjustifiably by 113% from 2001 to 2011 and was more than twice the cost of any other national healthcare in the world. So naturally Americans believed him at first and expected the cost to drop 50%. Of course America spends a lot on healthcare because half the world comes to America because we had the best healthcare in the world before Obama. Instead Obama has increase costs 43% and has added 50 million people democrat voters who always had free hospital care in emergency rooms and Obama gave them "free" $9000 insurance policies at the expense of the 48 million American workers. So average rates for working Americans are increasing from $4000/year to $9000/year and the deductibles went from $2000 per year to $4000 per year, again for the average worker who gets no subsidies and free cell phones and other Obama toys. So while people on food stamps, with rent subsidies, and welfare can freeload, they can get the same benefits as workers, and the workers lose another $7000/yr of their income for the Obama deficit. "There is more than enough stupidity and incompetence in government to allow us to live well below the budget caps," Sen. Tom Coburn said.
http://www.philly.com/philly/health/healthcare-exchange/The_benefits_of_Obamacare.html

World Economies
December 27, 2013
Moslem reactionary Turkish Prime Minister Recep Tayyip Erdogan lashed out at a graft corruption probe that threatens his government with a popular uprising.
Dec 24,
Many Global Stocks finally Climbed to about where they were 13 years ago. Wow, what an accomplishment to get back to the DOT Com bubble Clinton left 13 years ago. For exceptionally bad socialist world leadership Obama has done modestly well for the wealthiest people in the world. But the poor people are still jobless. It was the same with socialist Franklin D Roosevelt gave the free world the first Great Depression and gave the homicidal socialist maniac Joseph Stalin all of Eastern Europe rape and pillage from 1945 to 1989.
Socialist Obama is creating the world’s second Great Depression and is still killing jobs. Socialist FDR was elected to three terms. Thank God America ended the third time after socialist Franklin D Roosevelt. Today, banks just will not loan money to expand our economy when the cost of loan defaults is not covered with Obama’s current low socialist interest rates they can make on loans. And QE3, while a boon to chronic debtors and the profligate… is a bust for world employment.
Japan’s stock market appears to have topped and begun a new decline. It has declined since 1990 when it began Quantitative Easing.
http://in.finance.yahoo.com/q/bc?s=%5EFCHI&t=my&l=on&z=l&q=l&c=

The German market is the best of the foreign markets and is about 10% above the 2007 high which was about 7% above the 2000 high. It failed to break out from its upper resistance level defined by 2000 and 2007 or the short-term trend. It is now right at the limits and that usually ends a trend of this length.
http://in.finance.yahoo.com/q/bc?s=%5EGDAXI&t=my&l=on&z=l&q=l&c=

The French market has continued to decline since year 2000. At it most recent highs it is still is still down 50% from 2008 and down 60% from 2000.
http://in.finance.yahoo.com/q/bc?s=%5EFCHI&t=my&l=on&z=l&q=l&c=

The Swiss market indicates stagnation since 2007. It has hit the highs of 2003 but could not make it to the highs of 2003. Obama has destroyed Swiss banking by destroying the Swiss confidentiality that protected people from the Hitlers. Stalins and the current socialists trying to legally confiscate everything people earn while lining the pockets of their friends with Obamcare inept management of $billions.
http://finance.yahoo.com/q/bc?s=%5ESSMI&t=my&l=on&z=l&q=l&c=

The NYSE is similar to the British and Swiss and indicates stagnation since 2007 given in excess of 15% inflation since then and no similar market advance. It is now within 7 points of the 2007 high but not close when you consider the value of the dollar has declined about 15% under Obama. The NYSE index is too big to manipulate easily with 300 stocks just starting with the letter A.
http://finance.yahoo.com/q/bc?s=%5ENYA&t=my&l=on&z=l&q=l&c=

American Economy
Correcting for inflation… the recent purported 4.1% Obama growth is really 1.1%. But that is suspiciously high relative to Obama’s historical zero economic growth when you remove inflation. In fact Americans have lost 7% in real income since Obama took office and about 15% in purchasing power.
Dec 23
Personal Income Nov 0.2% up from -0.1% ++
Personal Spending Nov 0.5% up from 0.3% another manipulated statistic!
PCE Prices - Core Nov 0.1% flat 0.1% +
Michigan Sentiment - Final Dec 82.5 flat 82.5. This was falsely reported as a new high when in fact it was unchanged.
Dec 24
MBA Mortgage Index 12/21 -6.3% down again -5.5% ---
Durable Orders Nov 3.5% good improvement from -1.6% ++++
Durable Goods -ex transportation Nov 1.2% good improvement from 0.4% ++
FHFA Housing Price Index Oct 0.5% up from 0.3% ++
New Home Sales Nov 464K up from 444K on consistent uncorrected basis ++
Dec 24
New Home Sales Nov 464K up from 444K +++
Dec 26
Initial Claims 12/21 338K down from 379K --
Continuing Claims 12/14 2923K up from 2884K --
Dec 27
Natural Gas Inventories 12/21 177 bcf up from -285 bcf
Crude Inventories 12/21 -4.731M down again -2.941M --

The Markets
December 25, 2013
The NYSE just broke its previous high from 2007. That only means with all the hype Obama spreads… Americans are no better off than they were six years ago or even before the 2000 Clinton recession. George Bush never lied to the American people was hit with the Clinton recession that started March 2000, the 911Terrorist Attack, the Obama, Dodd-Frank liar-loan mortgage crisis and Bush got rid of Saddam Hussein and the Afghan Taliban and had 3% more Americans employed making 7% more money and half the current annual deficit of Obama's. Obama’s ratings are in free-fall as his lies, gun running, record poverty; record homelessness and administrative incompetence take the headlines. Now his administration is messing up the individual state insurance initiatives and people are seeing an average 50% increase in the cost of health insurance.
Dec 24
The year-end rally is in play. The funds do some buying to boost prices to make their books look better. Earlier investors did their tax loss selling. Will the rally continue? Since it is based on manipulated economic information by an administration that thinks Americans are stupid and unexceptional, this blog sees the sham of recovery coming to an end. But time will tell and we will see if the Hindenburg Omen was early but correct.
World trade is down about 75% from when Obama was elected but it looks like recovery has started. Look at the last 1+ years! Use the graph or snapshot option. Unfortunately they do not show back to 2007 when trade was five times higher than the current year highs.
http://www.bloomberg.com/quote/BDIY:IND

The VIX indicates continuing complacency with a slight adverse a bear market ends.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=5y&l=on&z=l&q=l&c=

World market updates:
http://finance.yahoo.com/intlindices?e=europe
http://finance.yahoo.com/intlindices?e=asia