Monday, October 26, 2015

October 29 Yesterday, once again the two broader averages did not respond positively to FED double talk as did the three easily manipulated averages. On a cash flow basis almost all the money that flowed into the manipulated NASDAQ and SandP since August has recently flowed back into those manipulated indices. Yet the indicators themselves are all still below their highs because the manipulators took loses. To go much higher the manipulators of those indices will have to find new money to put in fast. We expect the economy and the stock market to tank even faster now under the “stupid Party.”

            Monopolistic mergers are now peaking under the blind eye of the “inept Obama administration.”  Election time is when the socialist turn a blind eye to monopolies because they are bought off with donations to their election campaigns.  That is how socialist corrupt crony capitalism works.   Later after elections the socialists will begin new investigations to fleece more illicit income.  That is how Putin lives like a Czar under Russian socialism.   You pay them or get cut off and persecuted.
            The distribution of wealth has actually has gotten much worse under the “stupid party.”  Ted Cruise pointed out that the income of the wealthiest 1% today, under the “stupid party,” is now proportionally more than the average worker’s income.  It broke the record in income inequality set in 1928.   Carly Fiorina pointed out that the number of women below the poverty level has increased 70% under Obama.  Obama’s socialist crony capitalism and wealth inequality has grown worse than it was before the Hover Recession in 1929 that preceded the FDR Great Depression in 1932.  Hilary Clinton of course would argue that this country needs Stalin’s socialist redistribution policies to have greater equality.   Of course they do not use the names of the socialists they admire.  And of course Hilary Clinton is correct because socialist policies lead to suppression of dissent, persecution of critics, and lead to equality of poverty.  That describes the Obama administration.
            Just this past week the Obama Justice Department forgave former IRS head Ms. Lerner, who persecuted “dissident” groups that had organization names that included patriot, Christian, Tea Party, or who just criticized Obama.   We at this blog were also targeted by the IRS then and cleared.  That is why we tripled down on our criticism of this administration.
            Last night some of the progressive presidential candidates suggested eliminating the Fed’s obsessive manipulation of money supply.  Americans could easily see that every one of the ten challenging candidates were far superior to the socialist competition.  Americans were surprised by the bias of the CNBC media after the media “Love Fest” at the boring and insipid “Stupid Party” debate.   That only hurts CNBC’s future viewership. The socialist controlled media has 14 times more viewers each time they show the new progressive party.
            October 28   It seems that manipulation of a small group of common stocks were responsible for the DJI, S&P, and Nasdaq passing through their 200DMAs yesterday while the broader NYSE and Russell 2000 did not.  But of course the market manipulators do not like to talk about the broader market indices they are harder to manipulate.   The same people who made the market go up will soon explain it dropping sharply again after they short their selected stocks that were hyped up to the limits of sanity.  The pundits are already spinning the bad news on anything the FED says this week.
Consumer confidence just dropped 5.5% and durable goods orders dropped 1.2% in September on top of the 2.3% decline in August.
         A reassessment of the Stupid Party’s GDP numbers for earlier this year shows that the annual rate of America’s economic growth was closer to 0.6% than Obama’s originally stated 2.4% growth.  In fact the US economy shrank at a 0.7% rate during the first quarter of 2015.  An estimated actual 0.6% current real annual growth rate is far below the 2.5% the FED wants before they raise interest rates and avoid a “Great Depression.”  An economic depression is the situation when FED interest rates hit zero.  Hyperinflation is when a “Banana Republic” has negative interest rates.  Obama’s apparent goal is to make America a banana republic like Nigeria and Indonesia where he got his Moslem education.   Obama and his “Stupid Party” lie and say religion and prayer was a small part of Obama’s life.  Anyone who has visited a Muslim nation knows the entire nation shuts down six times a day to say prayers (Fajr, Sunrise, Dhuhr, Asr, Maghrib, and Isha).   It is not a small part of education in Nigeria or Indonesia.  So all of the lying shows Obama and his government are still hiding his past.  Some day the truth will come out about all the  Obama-Clinton lies such as blaming the Libyan Embassy deaths of Americans on an innocent Jewish film maker who Obama/Clinton threw in jail violating his Constitutional rights and ignoring due process justice under American law.
        Home builders face a huge crisis looming in the near future.  Hovnanian’s market value peaked in 2005 and then declined 90% since then.  Its stock price declined 44% just this year as home builder debt puts many companies on the brink of bankruptcy.  The highly leveraged debt of most American companies is due to the Stupid Party’s deficit spending and monetary expansion.  Every time Congress tries to limit Obama’s spending Obama spends even more and then usually threatens to shut down the US Army and cut veteran’s hospital funds further.   The Stupid Party with its stupid President, candidates and Congressmen have driven American voters to beyond the brink of what American voters can tolerate.  Many stupid Republican incumbents will likely be driven out along with most of the “Stupid Party” in the coming years.   Americans are fed up with stupid, worthless, and abusive politicians, IRS, and other government employees who then go on to retire with outrageous benefits.
          October 27  Dr. Ben Carson’s is not an Evangelical.  His beliefs are based on a deep Seventh day Adventist faith with which most Americans disagree.  Seventh day Adventists are the people known to go door to door in the day ringing doorbells and are sometimes extreme and difficult to get to leave.  And other times they leave the neighbors angry because they tell them they are dammed for rejecting their last chance for salvation.   They are not Christian Evangelicals and most other people will not knowingly vote for a Seventh day Adventist even though Ben Carson perhaps the most sincere, honest, and intelligent of all the candidates.  And some people would not vote for him either because he says the universe was created in seven days some time between 6000 to 10,000 years ago.  Among other things, Ben Carson says that Satan is behind the Big Bang theory and the promotion of the theory of evolution.  His church also teaches that almost all evangelical Christians will join with Satan to oppose Jesus Christ.   Iowa is packed with evangelical Christians who will soon discover that Ben Carson is not one of them.   Therefore it is likely that Ben Carson’s popularity will fall off fast and he may not make it past the Iowa primary where he currently leads.
            Crude prices are still under pressure after two straight weeks of losses.  Some predict the glut will continue until 2017 with worries that the oversupply in oil products could even swell from unseasonably warm weather, economic recession, and the lengthening maintenance cycle for U.S. refineries.
            The 200DMA is still holding for the 2800 stock strong NYSE and for the broad Russell 2000.
           October 26   Today the market manipulators are now ready to reverse course as the market  indexes approach and hit the 200 Day Moving Averages which usually set the limits of bull and bear markets.  The 65DMA’s are the usual limits of the trading range within a bull or bear market while the 200DMA’s usually set the limits of bull and bear markets.   The market manipulators like Jim Crammer enhance the volatility of the markets by completely switching sides to reinforce pessimism in a bear market and the optimism in a bull market.  That is why they are detrimental to small investors and helpful to hedge funds and other manipulators.   We have just had 4 weeks of advances within the bear market that began when the 200DMA was broken in August and the bear market began.  Almost on queue the WSJ also flipped from positive to negative news today.  Today the WSJ said that US firms are warning about the slowdown in the American economy.  And while recently the manipulators were bullish and only quoted Apartment RE because private home building was down, today it is announced that Sam Zell is selling his apartment investments.  The manipulators get into markets and pump them up with optimism and then sell their stocks and bad mouth the same sectors that a week earlier were pumped up as good buys.  Today New Home Sales for Sept were reported at 468K down 18% nationally from 552K last month.
      The reality is the economy topped out over the last year and investments are now in a bear market.  Squawk Box is not just useless it is dangerously wrong and misleading.  Those enticed to buy during these past four weeks will soon panic and head for the exits again.  
       Bloomberg announced on this AM that recent polls show that 7 in 10 Americans believe Trump can beat the prevaricator/security risk Clinton and 6 in 10 think even Carlson could beat her.  
     Pat Buchanan has been attacked for exposing the fact that Pelosi and both Bill and Hilary Clinton have supported NAMBLA and the NAMBLA goal is to legislate “Children’s Rights” in the USA to supersede “parental rights” down eventually from age 16 to the age of “8 or its too late”.   That would legalize pedophilia similar to how it is legalized down to the age of nine under Sharia law.  Buchanan has been an honest straight talker for many years and was pointing out that the Democrats labeled a Republican NAMBLA member, Foley, a predator while saying Democrat pedophiles are just victims of bigots.   The new CEO’s of Walmart and Apple also support the NAMBLA objectives.
       Walmart hits a tail spin as their First Amendment opposition deter shoppers and hair-brained management ideas cause increasing losses.   They cut staff, hours, inventory, and now selection options to offset losses since their CEO attacked and threatened to boycott individual states like Indiana that were supporting the US Constitution’s first Amendment right of business people to boycott NAMBLA related functions.   The immature CEO can’t focus on the business and still wants to play with toys.
          We would not recommend investing in the following companies until their CEOs responsible for their attack on religious freedom apologize or are removed.   A massive consumer boycott of their products will likely grow and grow and grow as long as these corporations are perceived to ignorantly or stupidly oppose the religious freedom of American’s to oppose groups associated with pedophilia.
1. Apple
2. Walmart
3. Yelp
4. Salesforce
5. Angie's List
6. Eli Lilly
7. Gap
8. Levi's
9. Twitter
10. Anthem
11. Nike

Saturday, October 17, 2015

October 24 Friday was an interesting case of legal market manipulation. Many market analysts use the 65 DMA as a tool to buy and sell so the market makers put in buy and sell orders above the 65 DMAs of many stocks so prices gapped up on very little cash flow or volume when the stock market opened. That caused buy signals to be triggered and the market makers sold their stocks the entire day at gapped up premium prices. They were careful to restrict their selling so as to maintain the initial gap rise for the entire day. They usually like to do that until the buyers run out of cash and then they let the market plummet until the market makers decide to buy back in. They love to drive novice investors and fund managers to despair to get volatility higher because the market makers profit from each swing in prices. Since the market makers concentrated on certain stocks the market indices were not all affected. In fact the NYSE and the Russell 2000 did not break out at all. The DJI and Nasdaq were the most affected Friday.

        October 23   Breaking 65DayMovingAverage trend lines is very common.  Typically a bear market skips downward along its 65DMA.   Breaking the 200DMA is much more significant and was one of the recent sell signals.  The NYSE and Russell 2000 are still below their 65 DMA trend lines.  The Nasdaq has reached it in both in price and cash flow.  The DJI penetrated the 65DMA but its cash flow 65DMA was well below.  The SandP penetrated the 65DMA in both price and cash flow.   To be an indication of a chartist buy signal they would all have to penetrate and stay above the 65DMA and then break above the 200DMA.   One explanation given for today’s rally on CNBC closing  bell was that the rally was primarily in weak stocks that had been driven down all year and it was not a rally of the stronger stocks that recently gave the sell signal.    Any stock market rally is an invitation to sell stocks or go short.
Building Permits Sep 1103K down from 1170K
Initial Claims 10/17 increased to 259K from 255K last week
Continuing Claims 10/10 increased to 2170K from 2158K last week
FHFA Housing Price Index Aug fell to 0.3% from 0.6% last month
Leading Indicators Sep fell to -0.2% from 0.1% last month
Caterpillar, the bell weather for the world economy, is struggling with declining demand. It has slashed its outlook for equipment used in mining and oil drilling and has cut its forecast for full-year earnings and reaffirmed its expectation that sales would fall in 2016 for a fourth consecutive year.
       If you go back to this blog when the Benghazi terrorist attack happened you will see we were the first to point out that a Jewish filmmaker was in no way responsible for the attack and that his Constitutional rights were violated and he was illegally imprisoned to create a cover up for the fact that Hilary Clinton was responsible for the security breach of their Embassy.  Hillary cannot lead because she never takes responsibility for anything because she does not learn from experience.
           October 21  On their price basis, all the indices we follow have stalled at their 65 day moving averages.   On their cash flow basis the DJI, the Russell 2000, and the NYSE have not yet even reached their 65 dma.   There has been no breakout over several days.  We predict that intelligent investors will at minimum liquidate long market positions for cash and build short positions very soon.  Shorting will be very profitable and Hedge funds will likely join in the shorting as they did in the past.  It is almost November and the bear market is still on our predicted path to bottom some time between January and March of 2016.   This bear market will be different from the past because near zero FED rates have resulted in very high leverage and many past conservative investments could be dragged under.  But what if the 65 DMA is broken on the upside?  That is what many people are hoping for.  But with earnings reports turning into dismal loss reports why would the market go up now? 
            October 20  Banks are beginning to admit that they have unwisely invested in the stock market just as they had before the 1929 and 1932 stock market crashes.  We now have an Obama stupid party $18 Trillion dollar national debt and a $4.25 in “stupid party” FED QE debt.  Obama and the stupid party have spent more than the cost of World War II and have accomplished nothing except they are bankrupting Social Security and giving away all the earned wealth of current American workers and seniors.   They continue to give away earned wealth to people who never worked at all or have phony claims of injuries and disabilities which under the “stupid party” have run up at 400% of the pre-Obama era.  Meanwhile incompetent financial engineering of mergers and acquisitions have provided thousands of opportunities for stupid and incompetent politicians and crony capitalists to ferret away much of America’s wealth in stocks and debt investments which will soon go belly-up and bankrupt America.   That is how the incompetent politicians and their socialist crony capitalists have set up not just America but the entire world on a path to bankruptcy and chaos and war. 
       Most Americans can see what Obama and his stupid, lethargic, and incompetent party have done worldwide.  That is why Americans are angry and fed up with the stupid people who are made professors and then they give bright students F’s if they don’t write and say the stupid politically correct things the “stupid party” socialists demand.  Today our brightest students have to deliver the stupid party nonsense to get A’s from the incompetent and stupid teachers.  One stupid politician pretended she was a Cherokee Indian so she could steal a Harvard professor’s seat from a real Cherokee.  And she is considered among the most qualified of today’s stupid party politicians who claim they are helping minorities while they steal the jobs of minorities and actually have pushed minority poverty back to the levels of 25 years ago.   
         Home starts and permits are down almost about 50% from the level in 2006 when the Obama/Frank Countrywide Corporation liar loans for unqualified home buyers started to go sour.  As a result there are fewer minorities owning homes now than before the Obama/Frank created their liar loans.  But apartment housing is doing well because poverty is growing and fewer people can afford a home.
Manufacturing and services peaked two years ago and are starting down again.
Retail sales have been declining for four years.  Yet the “stupid party” declares a new imaginary economic success every week.  Americans want an intelligent and honest government again.
            October 17  In 1964 the pollsters reported that 77% of all Americans thought the American government was mostly to completely trustworthy.  That was mostly due to President Eisenhower and President Kennedy.  By 2012 it had completely reversed and only 22% of Americans thought the American government was mostly to completely trustworthy.  That was mostly due to President Clinton and President Obama after Wako, Ruby Ridge, Monika, Hilary abandoning the Libyan Embassy,  Obama’s ordering the IRS harassment of Republicans and Christian fundamentalists, and Obama’s ASA spying on and trying to frame American journalists and potential opponents such as Governor Christy .  Now it is even worse due to Hilary and Obama abandoning Americans and our allies abroad to terrorists. The Clintons even build self serving charities funded mostly by foreigners, many from Communist China and the Mideast.  
         It has become obvious from Hispanic primary support, that Trump will take the majority of the Hispanic vote as things stand today and Hilary will have an historic election defeat.  The American Hispanic community came to America to escape the poverty of socialism and the horror of criminal drug dealer mutilators and torturers.   Most Anglo-Americans don’t know how the Mexican drug traffickers used deranged children to mutilate citizens who opposed them but the American Hispanic community will never forget that.  The American Hispanic community wants the Mexican criminal illegal’s deported even if all illegal immigrants need to be reprocessed.  Hillary Clinton will be lucky if she gets 22% of the Hispanic vote and VP Joe Biden knows that.   Joe Biden must decide if he will try to save the “Stupid Party” and make it an intelligent Democrat Party again or if he will allow Hilary Clinton’s record to come out and disgrace his party again and again.

Tuesday, October 13, 2015

October 15 The U.S. Energy Information Administration reported crude oil oversupply grew by 7.6 million barrels last week, a very bearish sign for the oil market. The latest EIA data add to recent reports from International Energy Agency and the Organization of the Petroleum Exporting Countries that supply is still at near-record levels and that demand is showing due to the recession. Light, sweet crude for November delivery settled down to $46 a barrel on the New York Mercantile Exchange and Brent, the global benchmark, to $48 a barrel on ICE Futures Europe. The rally last week was just another manipulation based on rumors.

MBA Mortgage Index 10/10 fell -27.6%
The Produce Price Index in Sep fell -0.5%  a growing sign of economic depression the opposite of inflation.
Retail Sales ex-auto for Sep fell -0.3% 
Empire (NY) Manufacturing Oct fell -11.4
Crude Inventories 10/10 doubled to 7.562M
Industrial production remains in the Obama slump.
The Bears have just overtaken the bulls
The NYSE MACD continues to plunge
            October 14    The energy price spike and slump manipulation has been hurting speculators who believe the market manipulators who profit buying the stocks after a slump and then predict a price recovery selling back at higher prices to their fool-followers have bought back in.   They drive up the energy stocks and then dump.  Even Wells Fargo took a hit speculating.  Energy prices will not rise significantly until this recession bottoms out next year. 
         On page A2 of the WSJ they have graphs that explain the current credit crunch.  Effective US interest rates hit -3% last year because the FED rate was close to 0% and the inflation rate went over 3%.  That was an incentive for excessive borrowing and spending and for going into enormous destabilizing US leverage and debt.   At the same time things were even worse abroad causing the US Dollar to soar 20% and hurting US exports doubly.  As interest rates approached zero the banks and the FED lost the ability to further stimulate the economy.  This is the same as the situation under FDR in 1932 when the stock market collapsed and there were runs on the banks not like when Obama was elected but because there simply was not sufficient money in circulation to meet demand.  When interest rates are negative corporations are better off putting the cash in the vault than putting it in the bank where you get back less than you put in.  When a credit economy collapses the hard currency skyrockets in purchasing power because it is very scarce.   Catch22 is the fact the FED is now being trapped because it did not raise rates earlier.
            The lowest cost “content provider” will survive.  NETFLIX stands to be wiped out within the next decade as the competition increases and the creators of content demand a fair share.
       As we predicted, Obama and his “Stupid Party” lied.  “Obama Crappycare”  will cost much more than America’s “best in the world” free enterprise health care system has.  Rates will be double shortly after the 2016 election, and doctors are now retiring in record numbers meaning there will be an army of “third world” incompetent doctors and assistants replacing Americans.   Costs will more than double for the same level of care American free enterprise has provided.  This is just another ignorant third world “Stupid Party” result similar to the third world socialism that destroyed Russia, China, and Eastern Europe.  China and Eastern Europe are making progress with free enterprise and diminishing socialism.   Obama Crappycare is almost as stupid as Hilary’s ideas of tribal parenting rather than parenting with a caring mother and father.  Fatherless families are the primary cause academic failure and poverty in America.
        During the last Clinton administration Hilary was out championing ignorant third world children’s rights over the parent’s right to protect their children.  Hilary wanted 12 year old children to have the right to disobey and leave their parents at age 12 while NAMBLA was advocating that children down to age 8 have the right to chose to be sex objects of adults as one NAMBLA founder, a notorious Boston priest, and the most backward Polynesian tribes advocate.  Moslems in the Mid East are stricter than the “stupid party” and only permit adult sex with children down to age nine.  About two decades before Hilary Clinton’s youth rights campaign, New York Governor Nelson Rockefeller’s son was eaten by the cannibal tribe he tried to study in Indonesia.  But that did not dissuade Hilary Clinton from writing her book hoping to pander to ignorant Americans and to encourage stupid people to vote for her third world ignorant “Stupid Party”.  In her book she said it took a tribe to educate a child, not the mother and father teams of civilized nations.  But NAMBLA wanted even more.  NAMBLA invented the phrase “By eight or it’s too late;” and sought a children’s legal right to have an adult sex partner by age eight when many children living in drives are first raped.  That is consistent with the “Stupid Party’s” method for reducing American crime simply by declare crimes like drug trafficking legal and letting all the social parasites and bullies out of jail early to prey on Americans again. 
          That is why many religious groups do not want to serve people like the CEO’s of Walmart and others who might one day ask Christians and Jews to serve them at one of their “NAMBLA events.”  The CEO’s of the following companies should be fired for wasting stockholder money supporting NAMBLA objectives.  The best way would be for everyone to boycott these companies not the US “religious free” communities that those company CEOs said they would boycott.  No one can force you to buy the stocks or products of the morally corrupt.  The CEO’s of Apple, Walmart, Yelp, Salesforce, Angie's List, Eli Lilly, Gap, Levi's, Twitter, Anthem, and Nike want parents and churches constitutional rights restricted when it comes to protecting their children.   They advocate the laws of the primitive tribes like “Sodom and Gomorrah” or ISIS where it was or still is legal to regularly abuse children.  The “Stupid Party” and ISIS both want to neutralize the rights of Christians and Jews.  That is why stupid people and bigots support the “Stupid Party” policies, but informed minorities, democrats, and independents are abandoning the “Stupid Party” in this next election.  Americans plan the throw the “Stupid Party” out in a landslide and investigate the wiretap surveillance and other predatory and disruptive crimes committed by the Obama IRS, and his Attorney General and administration.
            October 14  Jim Cramer officially has gone on record yesterday saying the stock market is about to experience severe pain based on his cyclic indicators.  For a year now we have predicted that by the end of October 2015 Jim Crammer would recognize the bear market had arrived.  Unfortunately it is a little too late to beat the stampede to the exit.  The last one out of the funds takes the greatest loss.  He also said what we have said for almost a year, that China’s bull market has been just another manipulation.
        Walmart, the worst performing stock in the DJI was responsible for 30% of the decline of the DJI today.  It is one of the corporations with a CEO that put NAMBLA ahead of the Constitutional right of Freedom of Religion.  The Boston priest who raped more than 50 alter boys was a founder of NAMBLA. 
            October 13  Why doesn’t Obama just resign and let Biden take over?
            Fortress Investment Group has shut down its flagship macro hedge fund a situation facing most hedge funds and only getting worse in a country where an incompetent president tells the world that the Department of Environment Protection’s goals are a more important concern than America’s National Security.  Obama now even argues that leadership on climate change is more important than leadership to combat terrorism. 
            Many funds will fold once investors are burned because most Funds can burry their losses until they are in a hopeless withdrawal situation.  Redemptions are what force funds and everyone else to recognize all the buried hidden losses.   Similarly a homeowner in a neighborhood that has seen a 25% reduction in home prices does not write down the loss until his house is sold.  And by the same token, almost all investors in funds now have unrealized losses that will not be exposed until other investors begin to take all remaining profits from previous market appreciation.  The last investors holding the bag will end up taking most of the losses as the stampede to the exit begins.
            The WSJ is beginning to warn that the feeble 6-year economic recovery could be over.  The low interest rate loans have been gobbled up by incompetent CEOs just as foolish, inexperienced and impoverished people gobbled up unaffordable houses in 2006 2007, and 2008 with the Obama-Dodd-Frank low interest 3yr mortgage loans and caused the collapse of Countrywide, Fannie and Freddie Mai and led to Obama’s recession.  Of course the incompetent Obama administration has consistently blamed that collapse of the Obama-Dodd-Frank housing bubble and leveraged banks on President George bush because Obama can never admit the truth.  Obama can be credited with creating the first American “Junk Economy.”  Why doesn’t Obama resign and let Biden take over?

Monday, October 5, 2015

October 9 The ignorance within the “Stupid Party” is at an all time new high. The collapse of the American economy under FDR in 1932-33 was due to the turmoil of the stock market in 1929 and FDR’s 90% stock market crash in 1932 because world banks lost most of their money in the worldwide stock market crashes. So the Glass-Steagall Act was passed which then made it illegal for banks to invest in the stock market. The stock market was fine from 1934 until Stupid Party President Clinton made it legal again for banks to speculate in the stock market in 1998. Now the stupid party is running the banks and they have already begun buying stocks starting at the bubble prices of early this September and plan to buy more just as the stock market is now beginning to implode. They think that will inflate the stock market bubble but it in fact will only discredit the banks and ultimately cause another 1933 type worldwide economic depression that led to National and International socialism and to a world war. Over 100 million lives were lost in that period. Americans have to get these “Stupid Party” crony capitalist socialists out of power before they completely destroy our national competency and turn us into a third rate economy.

            October 8    Last week the market manipulators were successful at talking up the price of oil so they could sell and take profits before the truth came out today that the oil glut has hit new records.  The world wide recession/depression is only beginning and will not end until we elect a competent US president again and a competent Congress.  The markets will rally once Americans realize the Stupid Party Socialists have been shammed out of existence for their crony capitalism corruption.  The Clinton selfish charities of influence and graft will have to go out of business first.
            Yesterday the market’s third attempt to break out on the up side ran out of steam as cash flow increases each time the market retreats between breakout attempts.  Most of the action was from the slight recovery of drug stocks. That third attempt to bounce back failed yesterday.  This has gone on for a month.  Meanwhile it is getting harder for American companies to grow revenue when the percentage of people in the world who are working is shrinking more rapidly each month.  The WSJ reported that sales of US debt peaked then fell in mid 2011, went negative in 2013 and now are selling off already at twice the leveling 2013.  This fact correlates with the sharp market sell offs in each of 2011 and 2013.  The WSJ did not show data for 2007-2008 to see if it correlates with the recession as well.  The dollar is now being dumped on foreign markets.  Hold on to your hats.
            Hilary came out against Obama’s sell-out Pacific trade pack which indicates Obama will be supporting Biden and Biden will probably announce he is running on Monday.
            We reported weeks ago that most of the people in the recent Moslem invasion of Europe were of ISIS age.  It turns out that over 80% are men between the ages of 18 and 48 just like the ISIS terrorists.  Can you imagine the size of the potential terrorist threat Germany will have if the terrorists among them all attack when given a signal?
            We reported that an officer was being kicked out of the US Army for beating up an Afghan who was raping a little boy.  The Army is now allowing him to try to have his record cleared.
October 7  The International Monetary Fund now predicts and warns of a rising risk of a global slump similar to what occurred with the 2007-2008 credit crises.   The US balance of trade has plummeted in the latest months because prices in other countries are declining with their economies.   The stock markets have failed thus far to reach their previous bounce high and are still well below their 65 day moving averages.  That means there is no evidence so far that the current market decline will end any time soon.
      This week another “Stupid Party idiot” on MSNBC proudly said that 100,000 new jobs each month will keep the Obama “Stupid Party” unemployment number at about 5%.   But Obama’s “Stupid Party” unemployment number is actually more than 20% now because Obama’s “Stupid Party” unemployment insurance does not count any unemployed person who is no longer eligible for unemployment payments, or who is living on welfare, or a man with a woman living on welfare who supports him.   300,000 new jobs each month is needed to keep America at full employment with our current population.
       October 6   The various American stock markets would have to close 2% to 3% higher just to hit their current resistance levels.  The volume on Monday’s advance weakened and would have to increase at least 5% to show any conviction.  We see this coming upside resistance level as probably the last halfway decent opportunity to get into cash or short because the bulls have now succeeded in pulling the wool over the economic reporter’s eyes.  Today they pulled out all their bullish experts to claim new highs are around the corner.  We estimate the next major move will be at least 15% down from the upside resistance level we are swiftly approaching.
 
October 5   The historical experience of socialist countries has sadly demonstrated that collectivism does not do away with alienation but rather increases it, adding to it a lack of basic necessities and economic inefficiency.  Pope John Paul II