ACORN Sting Videographer, James O'Keefe was arrested when he attempted to enter Democratic Sen. Mary Landrieu’s office in the Hale Boggs Federal Building in downtown New Orleans. He was charged with entering federal property under false pretenses with the intent of committing a felony.
Rewarding the indigent with bigger welfare payments does not stimulate the economy, stupid! The reason most marginal people do not have two nickels to rub together even in good times is because most of them have permanent addictions of one form or another and a high percentage of their money goes to the criminals who feed their habits. Stimulating marginal people stimulates the drug cartels and the liquor and flesh merchants, stupid! That is why it was so easy to catch ACORN helping a sting operation set up prostitution in an inner city. That is what community activists do. But the Obama administration has instead arrested the individual who conducted that sting on the pretense that he falsified his identity in his second sting attempt. Addiction is a major cause of American poverty today and a recurrence years later in life can set the addicted back and their whole family back to zero again and even result in prison. When a person is addicted it is a life-long nightmare. Giving them money is no help. It actually makes the problem more attractive to young people when they see the addicted rewarded with welfare and unemployment payments for doing nothing but drugs. In the banana republics it is publicly acceptable to chew coca leaves all day to maintain their highs. The excuse they use is that it cures nausea and hides altitude sickness that tourists sometimes encounter on short trips to mountain peaks. They love giving tourists the leaves to chew. Obama is kicking America down the road towards becoming a banana republic.
World Outlook
Icelandic and Greek socialist demonstrators continue protests against having to repay the $Billions in bailouts. The Germans and the French were the first to violate the EU deficit spending limits by a few percent six years ago. England has its own currency so they can ignore the limits. One solution is to take Greece and Iceland off the Euro so they can devalue and have inflation independent of the rest of Europe just like England.
Week of Market Reports:
Yesterday: Treasury bill rates fell across the board on improving market sentiment amid more favorable macroeconomic indicators. The benchmark 91-day debt paper fetched 3.863 percent in yesterday’s auction, down 5.8 basis points from the average of 3.921 percent two weeks ago.
Tuesday, March 9
ICSC Store Sales
Wednesday, March 10:
Wholesale trade
Thursday, March 11:
Unemployment Claims
U.S. trade deficit
Friday, March 12:
Retail sales 8:30
Consumer Sentiment
Market Outlook March 9
The market is up for this year but still volatile. We see the averages as possibly rising 3% to 5% more in the next few months. But the free money the Obama administration is throwing at indigents, GM, banker bonuses, unions, global warming fraud, and community activists is all money that accomplishes very little as it swirls down the proverbial toilet bowl. It must all be paid back through inflation, economic damage, and future hardships.
Clueless in Washington
When it was suggested that Obama stimulate the economy by lowering the capital gains tax, his party fools continued raising taxes and smugly retorted, "What capital gains?"
Reagan was twice as smart as Obama because he knew when he lowered capital gains taxes that investors would sell everything they could sell at a profit. The result was that tax collections from capital gains soared and that helped reduce deficits for two decades. Leftists are too stupid to realize that today people are holding on to investments as long as possible to avoid paying the foolhardy Obama taxes. When the leftists are thrown out of office this fall, tax collections will soar as people sell investments in equities and real estate. The stock market and the real estate markets will then surge and thus stimulate the entire country almost instantly increasing America's national wealth and thus further increasing tax collections. Once again Americans will feel wealthy and will not be afraid to pay more taxes and share their wealth as generous Americans have always done freely.
Obama's coercive leftist administration is too ignorant of the American work ethic to even have a clue or inkling as to how that happens. Obama himself and other leftists who never had an honest job or honest investment are so extremely clueless. His dishonest tax evading appointees in his treasury are also clueless as to why honest Americans are generous when they are free to work hard and accumulate wealth under liberty instead of having socialist clawing at them and passing laws to legally steal their honest gains under socialism.
Asian markets were up over night; Shanghai up 0.5%, Hong Kong up 0.1%, India down 0.3%, Jakarta up 1.2%, and Japan down 0.2%.
European markets are currently down in the range from -0.4% to -0.7 % this morning about half way through their day.
Today US pre-market futures are flat at +0.08% at 8:30 AM EST.
Tuesday, March 9, 2010
Monday, March 8, 2010
Obama administration is on track to set a record for corruption in every American sector.
Leftists believe in taxes but just not in paying them themselves. They tend to be scatter-brained and waste time and energy trying to nationalize and hence destroy economic sectors. They provide jobs to political hacks and people who divert corporate "PACK type" contributions to leftist endeavors as patronage. Consequently incompetence and corruption tend to be the hallmarks of leftists from Castro to Chavez to Obama.
Obama uses stimulation funds to stimulate teachers unions. Rewarding teacher unions does not stimulate the economy or improve the educational system, stupid! Rather than remove or retire poor performing teachers the leftists, many left leaning state administrations advocate four-day school weeks permanently impairing the children's education and leaving many teenagers home alone on Fridays. That type of irresponsible adult behavior toward children was considered stupid by leftists who once pretended they were for good education. But what they really wanted were strong civil servant unions in control of state administrations using biased union supporting arbitrators to pick the pockets of productive American taxpayers.
Rewarding the indigent with bigger welfare payments does not stimulate the economy, stupid! The reason most marginal people do not have two nickels to rub together even in good times is because most of them have permanent addictions of one form or another and a high percentage of their money goes to the criminals who feed their habits. Stimulating marginal people stimulates the drug cartels and the liquor and flesh merchants, stupid!
Americans are getting tired if Chinese pet foods that kill pets, Chinese building products that destroy homes, and touted efficient lighting products that have less than a third the hours of life the communists print on the labels. How about enforcing truth in advertising on imports, stupid! Stimulating communist sales to the US is stupid by exempting them from American laws is stupid, stupid!
World Outlook
Icelandic and Greek socialist demonstrators continue protests against having to repay the $Billions in bailouts. The Germans and the French were the first to violate the EU deficit spending limits by a few percent six years ago. England has its own currency so they can ignore the limits. One solution is to take Greece and Iceland off the Euro so they can devalue and have inflation independent of the rest of Europe just like England.
Week of Market Reports:
Monday, March 8
Treasury bill auction rates
Tuesday, March 9
ICSC Store Sales
Wednesday, March 10:
Wholesale trade
Thursday, March 11:
Unemployment Claims
U.S. trade deficit
Friday, March 12:
Retail sales 8:30
Consumer Sentiment
Market Outlook March 8
Here is one good reason why the homebuilding industry is not growing rapidly yet. Banks and Internet loan operators continue to rip off homebuyers by instituting usury via obnoxious fixed charges for mortgages. While the interest rates may appear somewhat lower now, the up-front costs they tack on after the initial estimates are a truly fraudulent. But the banks claim they do the borrower a favor by loaning the borrower the money to pay the extra $5000 in rip-off inflated closing and maintenance fees. Crime flourishes under this Obama administration. There are at least half a dozen Internet scams offered to each potential homebuyer. Some telephone scam boiler rooms get a fee of $400 or more up front over the phone on suckers credit card before they provide the sucker a written estimate of total cost including their fees. We looked into this ourselves and that is the situation. This is the reason the tax rebate of $9000 is not working when the buyers see just how much the mortgage companies are ripping them off.
The market is up for this year. We see the averages as possibly rising 3% to 5% more in the next few months. But the free money the Obama administration is throwing at indigents, GM, banker bonuses, unions, global warming fraud, and community activists is all money that accomplishes very little as it swirls down the toilet bowl. It must all be paid back through inflation, economic damage, and future hardships.
Asian markets were up sharply over night; Shanghai up 0.7%, Hong Kong up 2%, India up 0.6%, and Japan up 2.1%.
European markets are flat in the range from -0.1% to +0.1 % this morning about half way through their day.
Today US pre-market futures are flat at +0.08% at 8:30 AM EST.
Obama uses stimulation funds to stimulate teachers unions. Rewarding teacher unions does not stimulate the economy or improve the educational system, stupid! Rather than remove or retire poor performing teachers the leftists, many left leaning state administrations advocate four-day school weeks permanently impairing the children's education and leaving many teenagers home alone on Fridays. That type of irresponsible adult behavior toward children was considered stupid by leftists who once pretended they were for good education. But what they really wanted were strong civil servant unions in control of state administrations using biased union supporting arbitrators to pick the pockets of productive American taxpayers.
Rewarding the indigent with bigger welfare payments does not stimulate the economy, stupid! The reason most marginal people do not have two nickels to rub together even in good times is because most of them have permanent addictions of one form or another and a high percentage of their money goes to the criminals who feed their habits. Stimulating marginal people stimulates the drug cartels and the liquor and flesh merchants, stupid!
Americans are getting tired if Chinese pet foods that kill pets, Chinese building products that destroy homes, and touted efficient lighting products that have less than a third the hours of life the communists print on the labels. How about enforcing truth in advertising on imports, stupid! Stimulating communist sales to the US is stupid by exempting them from American laws is stupid, stupid!
World Outlook
Icelandic and Greek socialist demonstrators continue protests against having to repay the $Billions in bailouts. The Germans and the French were the first to violate the EU deficit spending limits by a few percent six years ago. England has its own currency so they can ignore the limits. One solution is to take Greece and Iceland off the Euro so they can devalue and have inflation independent of the rest of Europe just like England.
Week of Market Reports:
Monday, March 8
Treasury bill auction rates
Tuesday, March 9
ICSC Store Sales
Wednesday, March 10:
Wholesale trade
Thursday, March 11:
Unemployment Claims
U.S. trade deficit
Friday, March 12:
Retail sales 8:30
Consumer Sentiment
Market Outlook March 8
Here is one good reason why the homebuilding industry is not growing rapidly yet. Banks and Internet loan operators continue to rip off homebuyers by instituting usury via obnoxious fixed charges for mortgages. While the interest rates may appear somewhat lower now, the up-front costs they tack on after the initial estimates are a truly fraudulent. But the banks claim they do the borrower a favor by loaning the borrower the money to pay the extra $5000 in rip-off inflated closing and maintenance fees. Crime flourishes under this Obama administration. There are at least half a dozen Internet scams offered to each potential homebuyer. Some telephone scam boiler rooms get a fee of $400 or more up front over the phone on suckers credit card before they provide the sucker a written estimate of total cost including their fees. We looked into this ourselves and that is the situation. This is the reason the tax rebate of $9000 is not working when the buyers see just how much the mortgage companies are ripping them off.
The market is up for this year. We see the averages as possibly rising 3% to 5% more in the next few months. But the free money the Obama administration is throwing at indigents, GM, banker bonuses, unions, global warming fraud, and community activists is all money that accomplishes very little as it swirls down the toilet bowl. It must all be paid back through inflation, economic damage, and future hardships.
Asian markets were up sharply over night; Shanghai up 0.7%, Hong Kong up 2%, India up 0.6%, and Japan up 2.1%.
European markets are flat in the range from -0.1% to +0.1 % this morning about half way through their day.
Today US pre-market futures are flat at +0.08% at 8:30 AM EST.
Friday, March 5, 2010
Obama fiddles while the economy fizzles
Obama, "it’s the economy, stupid!"--Bill Clinton
Obama uses stimulation funds to stimulate teachers unions. Rewarding unions does not stimulate the economy, stupid!
Rewarding the indigent with bigger welfare payments does not stimulate the economy, stupid!
Three GM chairmen in one year does not indicate good socialist government management of GM, stupid!
Digging a $850Billion health care debt hole does not help the economy or show savvy business acumen, stupid!
Dropping the Yucca Mountain nuclear waste facility does not help reduce US dependence on oil, stupid!
Buying US windmill farms of inferior communist China quality wastes America's money, stupid.
Americans are getting tired if Chinese pet foods that kill pets, Chinese building products that destroy homes, and touted efficient lighting products that have less than a third the hours of life the communists advertised, stupid.
Stimulating communist sales to the US is stupid, stupid.
World Outlook
Iceland socialist demonstrators protest against having to repay the $5.7Billion in British and Dutch bailout.
Communist protest Greek cutbacks in government subsidies of unions.
Week of Market Reports:
U Michigan Consumer Sentiment - Final Feb 26 level was down only 0.1% to 73.6%. That indicates the preliminary Consumer Confidence index that had been down 10.1% to 46%was probably wrong.
International Business Machines Corp., the world’s largest computer-services provider, laid off 500 workers in the U.S.
Personal income increased 0.6% in February, the second consecutive gain, while spending rose 0.3%, suggesting continued economic recovery. The Commerce Department said incomes totaled a seasonally adjusted annual rate of $4.99 trillion. The March advance followed a 1% gain reported in February that had been revised down slightly from an earlier estimate of 1.1 percent.
ISM Manufacturing Index shows manufacturing continues to expand. The expansion was slower; 56.5 compared to 58.4 for January 2010. Anything over 0.5 is expansion.
Construction sector spending is contracting at a half the December pace. January construction spending month over month was -0.6% versus -1.2% in December.
Auto sales for January exceeded expectation but are still well below 2008.
Unemployment Claims- ADP Jobs Report showed non-farm private employment decreased 20,000 from January to February 2010 on a seasonally adjusted basis. That employment decline was the smallest since employment began falling in February of 2008. If the recent trend continues, and given first-quarter GDP growth of 5.9%, private employment could rise next month for the first time in two years.
The ISM non-manufacturing index rose to 53% in February from 50.5% in January, marking the best reading since December 2007. Anything greater than 50% signifies growth of the services sector.
Productivity rose 6.9% in February after rising 6.2% in January.
Yesterday
Pending Home Sales- unexpectedly fell 7.6 percent in January after a revised 0.8 percent increase in December, showing the extension of a tax credit is sparking little interest. Snowstorms in February probably limited contract signings and sales.
Bookings for capital goods excluding aircraft fell 4.1 percent after a revised 3 percent gain in December that was smaller than previously estimated, figures from the Commerce Department showed today in Washington. Total factory orders increased 1.7 percent, in line with forecasts, boosted by a surge in commercial aircraft demand.
Friday, March 5:
The Labor Department said today that nonfarm payrolls fell by 36,000 compared with a revised 26,000 drop in January. The January figure was revised from an originally reported 20,000 decline. The unemployment rate however remained at 9.7% as some unemployed use up their coverage and are no longer counted.
Market Outlook March 5
Bill Clinton said, "It’s the economy stupid!"
Obama believes, "It is not your money, it is the governments money that that government lets you use. ""From each according to his ability to each according to his need." Obama showed he is a communist at heart when he befriended the Venezuelan communist Chavez. The Democrats must stop Obama's political ambitions if the Democrats are to have credibility as a future major party.
Today the WSJ reported the market is finally up for this year. We see the averages as possibly rising 4% more in the next few months.
Asian markets were up over night; Shanghai up 0.3%, Hong Kong up 1%, India up 0.1%, and Japan up 2.2%.
European markets are up in the range from 0.4% to 1.3% this morning about half way through their day.
Today US pre-market futures are up slightly at +0.3% at 9:00 AM EST.
Obama uses stimulation funds to stimulate teachers unions. Rewarding unions does not stimulate the economy, stupid!
Rewarding the indigent with bigger welfare payments does not stimulate the economy, stupid!
Three GM chairmen in one year does not indicate good socialist government management of GM, stupid!
Digging a $850Billion health care debt hole does not help the economy or show savvy business acumen, stupid!
Dropping the Yucca Mountain nuclear waste facility does not help reduce US dependence on oil, stupid!
Buying US windmill farms of inferior communist China quality wastes America's money, stupid.
Americans are getting tired if Chinese pet foods that kill pets, Chinese building products that destroy homes, and touted efficient lighting products that have less than a third the hours of life the communists advertised, stupid.
Stimulating communist sales to the US is stupid, stupid.
World Outlook
Iceland socialist demonstrators protest against having to repay the $5.7Billion in British and Dutch bailout.
Communist protest Greek cutbacks in government subsidies of unions.
Week of Market Reports:
U Michigan Consumer Sentiment - Final Feb 26 level was down only 0.1% to 73.6%. That indicates the preliminary Consumer Confidence index that had been down 10.1% to 46%was probably wrong.
International Business Machines Corp., the world’s largest computer-services provider, laid off 500 workers in the U.S.
Personal income increased 0.6% in February, the second consecutive gain, while spending rose 0.3%, suggesting continued economic recovery. The Commerce Department said incomes totaled a seasonally adjusted annual rate of $4.99 trillion. The March advance followed a 1% gain reported in February that had been revised down slightly from an earlier estimate of 1.1 percent.
ISM Manufacturing Index shows manufacturing continues to expand. The expansion was slower; 56.5 compared to 58.4 for January 2010. Anything over 0.5 is expansion.
Construction sector spending is contracting at a half the December pace. January construction spending month over month was -0.6% versus -1.2% in December.
Auto sales for January exceeded expectation but are still well below 2008.
Unemployment Claims- ADP Jobs Report showed non-farm private employment decreased 20,000 from January to February 2010 on a seasonally adjusted basis. That employment decline was the smallest since employment began falling in February of 2008. If the recent trend continues, and given first-quarter GDP growth of 5.9%, private employment could rise next month for the first time in two years.
The ISM non-manufacturing index rose to 53% in February from 50.5% in January, marking the best reading since December 2007. Anything greater than 50% signifies growth of the services sector.
Productivity rose 6.9% in February after rising 6.2% in January.
Yesterday
Pending Home Sales- unexpectedly fell 7.6 percent in January after a revised 0.8 percent increase in December, showing the extension of a tax credit is sparking little interest. Snowstorms in February probably limited contract signings and sales.
Bookings for capital goods excluding aircraft fell 4.1 percent after a revised 3 percent gain in December that was smaller than previously estimated, figures from the Commerce Department showed today in Washington. Total factory orders increased 1.7 percent, in line with forecasts, boosted by a surge in commercial aircraft demand.
Friday, March 5:
The Labor Department said today that nonfarm payrolls fell by 36,000 compared with a revised 26,000 drop in January. The January figure was revised from an originally reported 20,000 decline. The unemployment rate however remained at 9.7% as some unemployed use up their coverage and are no longer counted.
Market Outlook March 5
Bill Clinton said, "It’s the economy stupid!"
Obama believes, "It is not your money, it is the governments money that that government lets you use. ""From each according to his ability to each according to his need." Obama showed he is a communist at heart when he befriended the Venezuelan communist Chavez. The Democrats must stop Obama's political ambitions if the Democrats are to have credibility as a future major party.
Today the WSJ reported the market is finally up for this year. We see the averages as possibly rising 4% more in the next few months.
Asian markets were up over night; Shanghai up 0.3%, Hong Kong up 1%, India up 0.1%, and Japan up 2.2%.
European markets are up in the range from 0.4% to 1.3% this morning about half way through their day.
Today US pre-market futures are up slightly at +0.3% at 9:00 AM EST.
Thursday, March 4, 2010
Hansen is a disgrace to NASA and the American Space Program. Corruption, tax evasion, chaos, and political cronyism are the signature of Greek and Ob
Hansen is a disgrace to NASA and the American Space Program. Corruption, tax evasion, chaos, and political cronyism are the signature of Greek and Obama socialism.
Amid corruption charges and investigations the New York Governor gives up his candidacy and Rep. Charles Rangel is stepping aside from his post as Chairman of the House Ways and Means Committee.
Obama socialist believe in tax evasion, they hire illegal aliens as servants and they balance their guilt feelings by taking your money and giving it to their less affluent cronies that vote for them and often follow them around like a body guard. They are not that much different from the mob. In poor countries such as Afghanistan, Obama cronies could be the warlords or the Taliban that live off the chaos they produce. The difference between the warlords and the Taliban is the radicalism of their religious beliefs.
NASA once was a scientific government agency. But now since NASA's idiot James Hansen inspired the fraud that corrupted the NASA GISS temperature database it is just another leftist government agency and a traitor to science. Not only did NASA lie about the hottest days, but also anyone can see that the data range is much narrower now because low measured temperatures are either being omitted or are being fraudulently raised by NASA employees. For this unscientific and fraudulent activity NASA deserves to be dismantled now and have its assets sold off and redistributed to Obama cronies in ACORN, the Black Panthers and other socialist fascist groups that support the democrat-socialists. Hansen has made NASA a disgrace to science itself.
World Outlook
Obama, it’s the economy stupid!
Socialist Venezuela owes $12 billion for international company assets it seized.
Greeks discuss $5 Billion austerity program. Fat chance.
Abu Dhabi and Singapore face an additional $10 Billion Loss from propping up UBS and Citigroup.
Democrat-socialists ignore the economy and to work on a health care bill and a corrupt stimulation package that will be paid by our grandchildren and will redistribute our wealth from our children to the enemies of our freedom.
Week of Market Reports:
U Michigan Consumer Sentiment - Final Feb 26 level was down only 0.1% to 73.6%. That indicates the preliminary Consumer Confidence index that had been down 10.1% to 46%was probably wrong.
International Business Machines Corp., the world’s largest computer-services provider, laid off 500 workers in the U.S yesterday.
Personal income increased 0.6% in February, the second consecutive gain, while spending rose 0.3%, suggesting continued economic recovery. The Commerce Department said incomes totaled a seasonally adjusted annual rate of $4.99 trillion. The March advance followed a 1% gain reported in February that had been revised down slightly from an earlier estimate of 1.1 percent.
ISM Manufacturing Index shows manufacturing continues to expand. The expansion was slower; 56.5 compared to 58.4 for January 2010. Anything over 0.5 is expansion.
Construction sector spending is contracting at a half the December pace. January construction spending month over month was -0.6% versus -1.2% in December.
Auto sales for January exceeded expectation but are still well below 2008.
ADP Jobs Report showed non-farm private employment decreased 20,000 from January to February 2010 on a seasonally adjusted basis. That employment decline was the smallest since employment began falling in February of 2008. If the recent trend continues, and given first-quarter GDP growth of 5.9%, private employment could rise next month for the first time in two years.
The ISM non-manufacturing index rose to 53% in February from 50.5% in January, marking the best reading since December 2007. Anything greater than 50% signifies growth of the services sector.
Thursday, March 4:
Unemployment Claims
Productivity
Pending Home Sales
Friday, March 5:
Labor Dept Employment Report.
Market Outlook March 4
Bill Clinton said, "It’s the economy stupid!"
Obama believes, "It is not your money, it is the governments money that that government lets you use. From each according to his ability to each according to his need."
Asian markets were down sharply over night; Shanghai down -2.4%, Hong Kong down -1.4%, India down -0.2%, and Japan down -1.1%.
European markets are flat in the range from -0.2% to 0.2% this morning about half way through their day.
Today US pre-market futures are flat again at 9:00 AM EST.
The markets are slightly above Dec 30 close and we still expect the high for this year to be about 5% to 6% higher than it is today.
Amid corruption charges and investigations the New York Governor gives up his candidacy and Rep. Charles Rangel is stepping aside from his post as Chairman of the House Ways and Means Committee.
Obama socialist believe in tax evasion, they hire illegal aliens as servants and they balance their guilt feelings by taking your money and giving it to their less affluent cronies that vote for them and often follow them around like a body guard. They are not that much different from the mob. In poor countries such as Afghanistan, Obama cronies could be the warlords or the Taliban that live off the chaos they produce. The difference between the warlords and the Taliban is the radicalism of their religious beliefs.
NASA once was a scientific government agency. But now since NASA's idiot James Hansen inspired the fraud that corrupted the NASA GISS temperature database it is just another leftist government agency and a traitor to science. Not only did NASA lie about the hottest days, but also anyone can see that the data range is much narrower now because low measured temperatures are either being omitted or are being fraudulently raised by NASA employees. For this unscientific and fraudulent activity NASA deserves to be dismantled now and have its assets sold off and redistributed to Obama cronies in ACORN, the Black Panthers and other socialist fascist groups that support the democrat-socialists. Hansen has made NASA a disgrace to science itself.
World Outlook
Obama, it’s the economy stupid!
Socialist Venezuela owes $12 billion for international company assets it seized.
Greeks discuss $5 Billion austerity program. Fat chance.
Abu Dhabi and Singapore face an additional $10 Billion Loss from propping up UBS and Citigroup.
Democrat-socialists ignore the economy and to work on a health care bill and a corrupt stimulation package that will be paid by our grandchildren and will redistribute our wealth from our children to the enemies of our freedom.
Week of Market Reports:
U Michigan Consumer Sentiment - Final Feb 26 level was down only 0.1% to 73.6%. That indicates the preliminary Consumer Confidence index that had been down 10.1% to 46%was probably wrong.
International Business Machines Corp., the world’s largest computer-services provider, laid off 500 workers in the U.S yesterday.
Personal income increased 0.6% in February, the second consecutive gain, while spending rose 0.3%, suggesting continued economic recovery. The Commerce Department said incomes totaled a seasonally adjusted annual rate of $4.99 trillion. The March advance followed a 1% gain reported in February that had been revised down slightly from an earlier estimate of 1.1 percent.
ISM Manufacturing Index shows manufacturing continues to expand. The expansion was slower; 56.5 compared to 58.4 for January 2010. Anything over 0.5 is expansion.
Construction sector spending is contracting at a half the December pace. January construction spending month over month was -0.6% versus -1.2% in December.
Auto sales for January exceeded expectation but are still well below 2008.
ADP Jobs Report showed non-farm private employment decreased 20,000 from January to February 2010 on a seasonally adjusted basis. That employment decline was the smallest since employment began falling in February of 2008. If the recent trend continues, and given first-quarter GDP growth of 5.9%, private employment could rise next month for the first time in two years.
The ISM non-manufacturing index rose to 53% in February from 50.5% in January, marking the best reading since December 2007. Anything greater than 50% signifies growth of the services sector.
Thursday, March 4:
Unemployment Claims
Productivity
Pending Home Sales
Friday, March 5:
Labor Dept Employment Report.
Market Outlook March 4
Bill Clinton said, "It’s the economy stupid!"
Obama believes, "It is not your money, it is the governments money that that government lets you use. From each according to his ability to each according to his need."
Asian markets were down sharply over night; Shanghai down -2.4%, Hong Kong down -1.4%, India down -0.2%, and Japan down -1.1%.
European markets are flat in the range from -0.2% to 0.2% this morning about half way through their day.
Today US pre-market futures are flat again at 9:00 AM EST.
The markets are slightly above Dec 30 close and we still expect the high for this year to be about 5% to 6% higher than it is today.
Wednesday, March 3, 2010
Obama leftists want to weaken the American military from within and have a revolutionary guard instead.
What is wealth redistribution? One sentence sums it up. "From each according to his ability to each according to his need."
Obama gave a campaign speech where he said America needed a domestic army. He did not give it a name but the Moslem dictatorships have just two names: Revolutionary Guard or Republican Guard. Obama did not say which name he preferred.
This week the leftist Time Magazine had an essay by Nancy Gibbs that shows just how twisted the leftists are and that they want to destroy the present army so the domestic army can replace it. She said that Don't-Ask-Don't-Tell means that drunken women who are seduced by a man in the American service are not supposed to tell on the man. If they do tell then Nancy says the women can be demoted. What Nancy says is absolute nonsense. Raped women cannot be demoted for reporting a crime unless they themselves committed a crime. Unfortunately anyone committing a crime (such as being drunk on duty) can become a victim of blackmail in which case the blackmailer could go to prison and the victim can be punished for committing their own crime. It has absolutely nothing to do with Don't-Ask-Don't-Tell which originally was to protect homosexuals from being harassed or victimized if they arouse or harass others by bringing up the subject of sex. Today, fortunately, any man or woman in the Army can report sexual harassment by people who just hit on them about sex. So it is best if people who want to have sex or dirty talk just keep their personal sexual activities out of the Army.
Another reason for Don't-Ask-Don't-Tell is to prevent perverted soldiers from having any excuse for even bringing up the subject of sex so that decent soldiers (male or female) are not harassed to give favors. Sexual harassment usually comes from people with higher rank. Decent people (military and civilian) do not harass others by discussing their private sexual experiences and preferences with others unless they happen to be loony leftists like Nancy Gibbs who are either confused or deliberately trying to mislead TIME magazine readers and to destroy the American Army. Obama says he would like to eliminate Don't-Ask-Don't-Tell, which in leftist loony language is equivalent to saying its ok to hit on others of the same sex.
It has been reported that Obama is also interested in having a US Stamp to honor Moslems since there are already stamps that honor XMAS. Will he also be fair and ask for a stamp to honor Zionists who fought for their freedom? How about a stamp to honor all the people of other religions persecuted under Moslem Sharia law like the American woman that was imprisoned for giving away free Bibles in Afghanistan just before America threw out the Taliban after 911. How about honoring the Afghan women shot in the head by the Taliban for not covering their faces? They should be honored too. What about the people who would like to honor Castro, Lenin or Hitler? Why not them as well if we want to just honor great tyrannies with stamps?
The leftists have destroyed the economies of every nation they have subverted by changing their nation's democratic constitutions to constitutions that have no term limits so that communists and the Ayatollah's have perpetual rule. That is one of the greatest dangers the American economy faces today. It is from the ignorant leftist community activists who think they can control the American economy better that free Americans. And they want an army that will do their bidding so they can have a dictatorship.
But at the moment we are optimistic that Americans will throw all the leftists and their socialized General Motors and socialized medicine out this November so that the American economy and the financial markets can surge forward again based on American ingenuity and productivity. The opposite of the "American Way" is the Communist manifesto for wealth redistribution, "From each according to his ability and to each according to his need." Golly, isn't that exactly what Obama wants to do?
World Outlook
Obama, it’s the economy stupid!
Socialist Venezuela owes $12 billion for international company assets it seized.
Germans pretend to help Greece.
Abu Dhabi and Singapore face an additional $10 Billion Loss from propping up UBS and Citigroup.
Democrat-socialists ignore the economy and to work on a health care bill and a corrupt stimulation package that will be paid by our grandchildren and will redistribute our wealth from our children to the enemies of our freedom.
Week of Market Reports:
U Michigan Consumer Sentiment - Final Feb 26 level was down only 0.1% to 73.6%. That indicates the preliminary Consumer Confidence index that had been down 10.1% to 46%was probably wrong.
International Business Machines Corp., the world’s largest computer-services provider, laid off 500 workers in the U.S yesterday.
Personal income increased 0.6% in February, the second consecutive gain, while spending rose 0.3%, suggesting continued economic recovery. The Commerce Department said incomes totaled a seasonally adjusted annual rate of $4.99 trillion. The March advance followed a 1% gain reported in February that had been revised down slightly from an earlier estimate of 1.1 percent.
ISM Manufacturing Index shows manufacturing continues to expand. The expansion was slower; 56.5 compared to 58.4 for January 2010. Anything over 0.5 is expansion.
Construction sector spending is contracting at a half the December pace. January construction spending month over month was -0.6% versus -1.2% in December.
Auto sales for January exceeded expectation but are still well below 2008.
Wednesday, March 3:
ADP Jobs Report
ISM non-manufacturing Index
Thursday, March 4:
Unemployment Claims
Productivity
Pending Home Sales
Friday, March 5:
Labor Dept Employment Report.
Market Outlook March 3
Just a 0.3% market rise will put the market in positive territory so far for this year.
Bill Clinton said, "It’s the economy stupid!"
Obama says, "It is not your money, it is the governments money that that government lets you use. From each according to his ability to each according to his need."
Asian markets were mixed over night; Shanghai up 0.8%, Hong Kong down -0.1%, India up 1.4%, and Japan up 0.3%.
European markets are flat in the range from 0.5% to 1% this morning about half way through their day.
Today US pre-market futures are flat at 9:00 AM EST.
The markets are slightly above Dec 30 close and we still expect the high for this year to be about 5% to 6% higher than it is today.
Obama gave a campaign speech where he said America needed a domestic army. He did not give it a name but the Moslem dictatorships have just two names: Revolutionary Guard or Republican Guard. Obama did not say which name he preferred.
This week the leftist Time Magazine had an essay by Nancy Gibbs that shows just how twisted the leftists are and that they want to destroy the present army so the domestic army can replace it. She said that Don't-Ask-Don't-Tell means that drunken women who are seduced by a man in the American service are not supposed to tell on the man. If they do tell then Nancy says the women can be demoted. What Nancy says is absolute nonsense. Raped women cannot be demoted for reporting a crime unless they themselves committed a crime. Unfortunately anyone committing a crime (such as being drunk on duty) can become a victim of blackmail in which case the blackmailer could go to prison and the victim can be punished for committing their own crime. It has absolutely nothing to do with Don't-Ask-Don't-Tell which originally was to protect homosexuals from being harassed or victimized if they arouse or harass others by bringing up the subject of sex. Today, fortunately, any man or woman in the Army can report sexual harassment by people who just hit on them about sex. So it is best if people who want to have sex or dirty talk just keep their personal sexual activities out of the Army.
Another reason for Don't-Ask-Don't-Tell is to prevent perverted soldiers from having any excuse for even bringing up the subject of sex so that decent soldiers (male or female) are not harassed to give favors. Sexual harassment usually comes from people with higher rank. Decent people (military and civilian) do not harass others by discussing their private sexual experiences and preferences with others unless they happen to be loony leftists like Nancy Gibbs who are either confused or deliberately trying to mislead TIME magazine readers and to destroy the American Army. Obama says he would like to eliminate Don't-Ask-Don't-Tell, which in leftist loony language is equivalent to saying its ok to hit on others of the same sex.
It has been reported that Obama is also interested in having a US Stamp to honor Moslems since there are already stamps that honor XMAS. Will he also be fair and ask for a stamp to honor Zionists who fought for their freedom? How about a stamp to honor all the people of other religions persecuted under Moslem Sharia law like the American woman that was imprisoned for giving away free Bibles in Afghanistan just before America threw out the Taliban after 911. How about honoring the Afghan women shot in the head by the Taliban for not covering their faces? They should be honored too. What about the people who would like to honor Castro, Lenin or Hitler? Why not them as well if we want to just honor great tyrannies with stamps?
The leftists have destroyed the economies of every nation they have subverted by changing their nation's democratic constitutions to constitutions that have no term limits so that communists and the Ayatollah's have perpetual rule. That is one of the greatest dangers the American economy faces today. It is from the ignorant leftist community activists who think they can control the American economy better that free Americans. And they want an army that will do their bidding so they can have a dictatorship.
But at the moment we are optimistic that Americans will throw all the leftists and their socialized General Motors and socialized medicine out this November so that the American economy and the financial markets can surge forward again based on American ingenuity and productivity. The opposite of the "American Way" is the Communist manifesto for wealth redistribution, "From each according to his ability and to each according to his need." Golly, isn't that exactly what Obama wants to do?
World Outlook
Obama, it’s the economy stupid!
Socialist Venezuela owes $12 billion for international company assets it seized.
Germans pretend to help Greece.
Abu Dhabi and Singapore face an additional $10 Billion Loss from propping up UBS and Citigroup.
Democrat-socialists ignore the economy and to work on a health care bill and a corrupt stimulation package that will be paid by our grandchildren and will redistribute our wealth from our children to the enemies of our freedom.
Week of Market Reports:
U Michigan Consumer Sentiment - Final Feb 26 level was down only 0.1% to 73.6%. That indicates the preliminary Consumer Confidence index that had been down 10.1% to 46%was probably wrong.
International Business Machines Corp., the world’s largest computer-services provider, laid off 500 workers in the U.S yesterday.
Personal income increased 0.6% in February, the second consecutive gain, while spending rose 0.3%, suggesting continued economic recovery. The Commerce Department said incomes totaled a seasonally adjusted annual rate of $4.99 trillion. The March advance followed a 1% gain reported in February that had been revised down slightly from an earlier estimate of 1.1 percent.
ISM Manufacturing Index shows manufacturing continues to expand. The expansion was slower; 56.5 compared to 58.4 for January 2010. Anything over 0.5 is expansion.
Construction sector spending is contracting at a half the December pace. January construction spending month over month was -0.6% versus -1.2% in December.
Auto sales for January exceeded expectation but are still well below 2008.
Wednesday, March 3:
ADP Jobs Report
ISM non-manufacturing Index
Thursday, March 4:
Unemployment Claims
Productivity
Pending Home Sales
Friday, March 5:
Labor Dept Employment Report.
Market Outlook March 3
Just a 0.3% market rise will put the market in positive territory so far for this year.
Bill Clinton said, "It’s the economy stupid!"
Obama says, "It is not your money, it is the governments money that that government lets you use. From each according to his ability to each according to his need."
Asian markets were mixed over night; Shanghai up 0.8%, Hong Kong down -0.1%, India up 1.4%, and Japan up 0.3%.
European markets are flat in the range from 0.5% to 1% this morning about half way through their day.
Today US pre-market futures are flat at 9:00 AM EST.
The markets are slightly above Dec 30 close and we still expect the high for this year to be about 5% to 6% higher than it is today.
Tuesday, March 2, 2010
Obama paid GMAC's Carpenter about $1.2 million for doing nothing for the month-and-a- half before he quit last year.
According to a regulatory filing... socialists paid GMAC's Carpenter about $1.2 million for doing nothing for the month-and-a- half that he was sitting in pretending to lead the Detroit-based company last year. That Obama comi-pay is equivalent to a full-year salary of $9.5 million. Goldman Sachs paid their executive $9.6 million for 2009 but Goldman Sachs actually made him do some work and show a profit. But then Obama socialists, global warming shamen, and communists think profiting from hard work is immoral. They believe in paying people who do nothing. GM is now already now recalling 1.3M vehicles showing just how inept socialist government control can be.
However looting the incomes of hard working people and redistributing wealth to ACORN, government workers, the lazy, and big unions is considered both moral and prudent by Obama socialists because the indigents spend money quickly (hand to mouth). This is the level of stupidity we have at the top and who is converting the greatest nation in the world into another coca leaf republic.
Religion is not the opiate of the communist masses, coca leaves are.
Free countries like America never had "the masses" until the comi-socialists started redistributing wealth to make a whole new class of totally government dependent people possible.
World Outlook
Germans pretend to help Greece to punish and put currency speculators at risk.
Abu Dhabi and Singapore face an additional $10 Billion Loss from propping up UBS and Citigroup.
Unemployment insurance for millions of people is ending as democrat- socialists ignore the economy and to work on a health care bill that will be paid by our grandchildren. Obama, it’s the economy stupid!
U Michigan Consumer Sentiment - Final Feb 26 level was down only 0.1% to 73.6%. That indicates the preliminary Consumer Confidence index that had been down 10.1% to 46%was probably wrong.
Week of Market Reports:
International Business Machines Corp., the world’s largest computer-services provider, laid off 500 workers in the U.S yesterday.
Personal income increased 0.6% in February, the second consecutive gain, while spending rose 0.3%, suggesting continued economic recovery. The Commerce Department said incomes totaled a seasonally adjusted annual rate of $4.99 trillion. The March advance followed a 1% gain reported in February that had been revised down slightly from an earlier estimate of 1.1 percent.
ISM Manufacturing Index shows manufacturing continues to expand. The expansion was slower; 56.5 compared to 58.4 for January 2010. Anything over 0.5 is expansion.
Construction sector spending is contracting at a half the December pace. January construction spending month over month was -0.6% versus -1.2% in December.
Tuesday, March 2:
Auto sales.
Wednesday, March 3:
ADP Jobs Report
ISM non-manufacturing Index
Thursday, March 4:
Unemployment Claims
Productivity
Pending Home Sales
Friday, March 5:
Labor Dept Employment Report.
Market Outlook March 2
Just a 0.3% market rise will put the market in positive territory so far for this year.
Bill Clinton said, "It’s the economy stupid!"
Obama says, "It is not your money, it is the governments money that that they let you use.
Communists like Obama gain power by snatching economic depressions from the jaws of free enterprise success and most Americans now know that. Even traitorous Republicans need to be given the boot this November if they go along with Obama comi-care. America doesn't need a communist health care system when we can keep the best in the world. Health care costs surge while care declines whenever socialists get involved. That is why college tuition is so high today because the socialists subsidize mediocrity with government grants. Smart kids now get nothing because the 1950-60s scholarship based system was abolished by the socialists. That is right, as late as the 1960's student scholarship was rewarded often with full-tuition scholarships to state schools and fixed amounts to private colleges regardless of the student's father's income. That is how America got where we are. Now the socialists are polarizing the country by destroying the middle class while putting stupid socialists through school. And any non-socialist who has gone to college knows how the socialist teachers give D's and Fs to anyone who disagrees with them. So smart students either avoid the socialist basket weaving classes or fake socialism to get an "A" grade.
The short and interim market direction remains bullish. However, when the market rises close to the next high (in 1 to 3 months) it will likely be a critical time to take profits because FED tightening will likely be occurring soon after.
After the next high point the subsequent decline will likely break the old October 30 lows and challenge even the July 2009 low. Our corrected NYSE cash flow index gave its Head & Shoulder neck breakdown sell signal on Jan 29 when the NYSE (corrected for trading volume) broke through the neckline of a head and shoulders formation and it plunged about 3% below. But that signal has a long lead time which allows us to know what is likely two or three months in advance. The reason we cannot do a Market Cash Flow Analysis (MCFA) of the other exchanges is because they use the NYSE volume; they no longer use their own real stock volume.
Asian markets were mixed over night; Shanghai down -0.5%, Hong Kong down -0.7%, India up 2.1%, and Japan up 0.5% again.
European markets are up in the range from 0.5% to 1% this morning about half way through their day.
Today US pre-market futures are up 0.5% at 8:45 AM EST. It is seldom a good indicator of what will happen but we are due for a resumption of the up-trend. Today we could turn the market into positive territory again for this year.
However looting the incomes of hard working people and redistributing wealth to ACORN, government workers, the lazy, and big unions is considered both moral and prudent by Obama socialists because the indigents spend money quickly (hand to mouth). This is the level of stupidity we have at the top and who is converting the greatest nation in the world into another coca leaf republic.
Religion is not the opiate of the communist masses, coca leaves are.
Free countries like America never had "the masses" until the comi-socialists started redistributing wealth to make a whole new class of totally government dependent people possible.
World Outlook
Germans pretend to help Greece to punish and put currency speculators at risk.
Abu Dhabi and Singapore face an additional $10 Billion Loss from propping up UBS and Citigroup.
Unemployment insurance for millions of people is ending as democrat- socialists ignore the economy and to work on a health care bill that will be paid by our grandchildren. Obama, it’s the economy stupid!
U Michigan Consumer Sentiment - Final Feb 26 level was down only 0.1% to 73.6%. That indicates the preliminary Consumer Confidence index that had been down 10.1% to 46%was probably wrong.
Week of Market Reports:
International Business Machines Corp., the world’s largest computer-services provider, laid off 500 workers in the U.S yesterday.
Personal income increased 0.6% in February, the second consecutive gain, while spending rose 0.3%, suggesting continued economic recovery. The Commerce Department said incomes totaled a seasonally adjusted annual rate of $4.99 trillion. The March advance followed a 1% gain reported in February that had been revised down slightly from an earlier estimate of 1.1 percent.
ISM Manufacturing Index shows manufacturing continues to expand. The expansion was slower; 56.5 compared to 58.4 for January 2010. Anything over 0.5 is expansion.
Construction sector spending is contracting at a half the December pace. January construction spending month over month was -0.6% versus -1.2% in December.
Tuesday, March 2:
Auto sales.
Wednesday, March 3:
ADP Jobs Report
ISM non-manufacturing Index
Thursday, March 4:
Unemployment Claims
Productivity
Pending Home Sales
Friday, March 5:
Labor Dept Employment Report.
Market Outlook March 2
Just a 0.3% market rise will put the market in positive territory so far for this year.
Bill Clinton said, "It’s the economy stupid!"
Obama says, "It is not your money, it is the governments money that that they let you use.
Communists like Obama gain power by snatching economic depressions from the jaws of free enterprise success and most Americans now know that. Even traitorous Republicans need to be given the boot this November if they go along with Obama comi-care. America doesn't need a communist health care system when we can keep the best in the world. Health care costs surge while care declines whenever socialists get involved. That is why college tuition is so high today because the socialists subsidize mediocrity with government grants. Smart kids now get nothing because the 1950-60s scholarship based system was abolished by the socialists. That is right, as late as the 1960's student scholarship was rewarded often with full-tuition scholarships to state schools and fixed amounts to private colleges regardless of the student's father's income. That is how America got where we are. Now the socialists are polarizing the country by destroying the middle class while putting stupid socialists through school. And any non-socialist who has gone to college knows how the socialist teachers give D's and Fs to anyone who disagrees with them. So smart students either avoid the socialist basket weaving classes or fake socialism to get an "A" grade.
The short and interim market direction remains bullish. However, when the market rises close to the next high (in 1 to 3 months) it will likely be a critical time to take profits because FED tightening will likely be occurring soon after.
After the next high point the subsequent decline will likely break the old October 30 lows and challenge even the July 2009 low. Our corrected NYSE cash flow index gave its Head & Shoulder neck breakdown sell signal on Jan 29 when the NYSE (corrected for trading volume) broke through the neckline of a head and shoulders formation and it plunged about 3% below. But that signal has a long lead time which allows us to know what is likely two or three months in advance. The reason we cannot do a Market Cash Flow Analysis (MCFA) of the other exchanges is because they use the NYSE volume; they no longer use their own real stock volume.
Asian markets were mixed over night; Shanghai down -0.5%, Hong Kong down -0.7%, India up 2.1%, and Japan up 0.5% again.
European markets are up in the range from 0.5% to 1% this morning about half way through their day.
Today US pre-market futures are up 0.5% at 8:45 AM EST. It is seldom a good indicator of what will happen but we are due for a resumption of the up-trend. Today we could turn the market into positive territory again for this year.
Monday, March 1, 2010
After Al Gore invented the Internet he got the Nobel Prize for inventing Global Warming
The "Global Warming is human caused, climategate" fraud continues to unravel. Pretty soon believers in this new religion from India will be shamed out influence. Most of the illiterate world supports climategate as a new panhandling technique and to rest and enjoy their foreign aid. The climate scientist who was at the forefront of the scandal involving erroneous data, the withholding of evidence that did not fit the IPCC's accepted theory on man-made global warming, and the manipulation of information, admitted that his data was wrong and that the earth may not be warming at all.
The Red Chinese spies have stolen the designs for every nuclear weapon in the American arsenal. 60 Minutes reported yesterday.
World Outlook
Greek communists appear to be getting about $52 billion in bailout funds from Germany and France.
Auto sales for February were kept low due to snowstorms and recalls.
Unemployment insurance for millions of people is ending as democrat- socialists ignore the economy and to work on a health care bill that will be paid by our grandchildren. Obama, it’s the economy stupid!
Socialist Governor "Who" of New York will not run again. And all of God's people said AMEN.
U Michigan Consumer Sentiment - Final Feb 26 level was down only 0.1% to 73.6%. That indicates the preliminary Consumer Confidence index that had been down 10.1% to 46%was probably wrong.
Week of Market Reports:
Monday, March 1:
Consumer income and spending.
ISM Manufg Index
Construction Spend.
Tuesday, March 2:
Auto sales.
Wednesday, March 3:
ADP Jobs Report
ISM non-manufg Index
Thursday, March 4:
Unemply Claims
Productivity
Pending Home Sales
Friday, March 5:
Labor Dept Employment Report.
Market Outlook March 1
The world economic news has not been good and the Obama administration as other socialist is not interested in private sector jobs just dependent union, Acorn, and state and federal employees who are dependable voters for socialist handouts. Obama's advisors said, "It is not your money, it is the governments money that that they let you use. That is why in socialist countries like Greece and in southern Italy and in the NYC garment district it is believed that half the economic activity is underground and uses barter to avoid using the government money and taxes. Obama foolishly wastes America's resources and is destroying the worlds best health care system and the most innovative technology industry by forgetting, "It’s the economy stupid!"
The short and interim market direction remains bullish. However, when the market rises close to the next high (in 1 to 3 months) it will likely be a critical time to take profits because FED tightening will likely be occurring soon after. Inflation has started and health care costs surge and care declines whenever socialists get involved. After the next high point the subsequent decline will likely break the old October 30 lows and challenge even the July 2009 low. Our corrected NYSE cash flow index gave its Head & Shoulder neck breakdown sell signal on Jan 29 when the NYSE (corrected for trading volume) broke through the neckline of a head and shoulders formation and it plunged about 3% below. But that signal has a long lead time which allows us to know what is likely two or three months in advance. The reason we cannot do a Market Cash Flow Analysis (MCFA) of the other exchanges is because they use the NYSE volume; they no longer use their own real stock volume.
Asian markets were up over night; Shanghai up 1.2%, Hong Kong up 2.2%, Taiwan up 1.9%, and Japan up 0.5%.
European markets are up in the range from 0.6% to 1.1% this morning about half way through their day.
Today US pre-market futures are up 0.2% at 8:30 AM EST. It is seldom a good indicator of what will happen but we are due for a resumption of the up-trend soon.
The Red Chinese spies have stolen the designs for every nuclear weapon in the American arsenal. 60 Minutes reported yesterday.
World Outlook
Greek communists appear to be getting about $52 billion in bailout funds from Germany and France.
Auto sales for February were kept low due to snowstorms and recalls.
Unemployment insurance for millions of people is ending as democrat- socialists ignore the economy and to work on a health care bill that will be paid by our grandchildren. Obama, it’s the economy stupid!
Socialist Governor "Who" of New York will not run again. And all of God's people said AMEN.
U Michigan Consumer Sentiment - Final Feb 26 level was down only 0.1% to 73.6%. That indicates the preliminary Consumer Confidence index that had been down 10.1% to 46%was probably wrong.
Week of Market Reports:
Monday, March 1:
Consumer income and spending.
ISM Manufg Index
Construction Spend.
Tuesday, March 2:
Auto sales.
Wednesday, March 3:
ADP Jobs Report
ISM non-manufg Index
Thursday, March 4:
Unemply Claims
Productivity
Pending Home Sales
Friday, March 5:
Labor Dept Employment Report.
Market Outlook March 1
The world economic news has not been good and the Obama administration as other socialist is not interested in private sector jobs just dependent union, Acorn, and state and federal employees who are dependable voters for socialist handouts. Obama's advisors said, "It is not your money, it is the governments money that that they let you use. That is why in socialist countries like Greece and in southern Italy and in the NYC garment district it is believed that half the economic activity is underground and uses barter to avoid using the government money and taxes. Obama foolishly wastes America's resources and is destroying the worlds best health care system and the most innovative technology industry by forgetting, "It’s the economy stupid!"
The short and interim market direction remains bullish. However, when the market rises close to the next high (in 1 to 3 months) it will likely be a critical time to take profits because FED tightening will likely be occurring soon after. Inflation has started and health care costs surge and care declines whenever socialists get involved. After the next high point the subsequent decline will likely break the old October 30 lows and challenge even the July 2009 low. Our corrected NYSE cash flow index gave its Head & Shoulder neck breakdown sell signal on Jan 29 when the NYSE (corrected for trading volume) broke through the neckline of a head and shoulders formation and it plunged about 3% below. But that signal has a long lead time which allows us to know what is likely two or three months in advance. The reason we cannot do a Market Cash Flow Analysis (MCFA) of the other exchanges is because they use the NYSE volume; they no longer use their own real stock volume.
Asian markets were up over night; Shanghai up 1.2%, Hong Kong up 2.2%, Taiwan up 1.9%, and Japan up 0.5%.
European markets are up in the range from 0.6% to 1.1% this morning about half way through their day.
Today US pre-market futures are up 0.2% at 8:30 AM EST. It is seldom a good indicator of what will happen but we are due for a resumption of the up-trend soon.
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