Because socialism is institutionalized theft of the value of works of the creative and productive few it is quite natural for liberal leftists to think everyone is a thief not just they themselves. If everyone is a thief then it also naturally falls out that the money a thief has is not his own money. That is why Obama's economists declare that the money you accumulate is not yours. They assume you did not earn it just as they in their lavish life styles did not earn their money. They got their big bonuses because they knew or married a Senator who earmarked millions of dollars to the hospital at which you worked. The hospital then gave you (for instance Obama's wife) a fancy title, quadrupled your salary and you then went on to tap other government officials for more taxpayer money to justify the salary you got. Our founding fathers would say the senator who earmarked millions to his wife's employer was corrupt. They would say the political hospital administration was knowingly corrupt in rewarding the Senators wife for bringing in the free no-strings attached tax payer money that beats having to earn it legally. It is legal in the corrupt situation that our socialist "majority" government finds itself in. After all this, the president doesn't like the Constitution that protects the citizen taxpayers from the government. He wants a pro-active American Constitution that creates socialism for the majority to bleed the creative and enterprising Americans dry.
We all know the end of this story. This story always ends with the newly socialized country going down the drain.
World Outlook
The Baltic Dry index measures the health of world trade continues a serious decline that no doubt is why Jim Cramer has been ignoring this favorite indicator he uses. It means world trade is slowing,
http://www.bloomberg.com/apps/cbuilder?ticker1=BDIY%3AIND
Last week the interest Greece had to pay on Greek bonds spiked to over 7% more than doubling the cost of carrying debt for Greece. A euro zone deal was then arranged for a huge standby rescue package for Greece, slashing the debt-laden country's borrowing costs and buying its stocks and bonds. The yield on short-dated Greek government bonds then fell by over a point to around 5.9 percent.
However, doubts remained as to whether the weakest of the European currency's 16 members would actually get the bailout fund much less be able to manage its 300 billion euro debt. A similar situation exists for the states of Kalifornia and New Yawk.
Week's Economic Calendar
Monday, April 12:
6month Treasury bill
Tuesday, April 13:
U.S. Trade deficit
Wednesday, April 14:
Consumer Price Index
Retail Sales
FED's Beige Book
Thursday, April 15:
Unemployment claims
NY St Manufacturing Index
Industrial Production
Friday, April 16:
Housing Starts
Consumer Sentiment
Market Outlook April 12
The market closed up yet again on lower volume confirming the topping out of the American stock markets. The Dow index did not take off when it broke through 1000. On a volume-adjusted basis the market has not had a new top since the end of September. On a volume adjusted basis it is still more than 1% lower than last September.
Obama and the democrat-socialists have set the stage for short sellers of every breed to sweep in and attack American markets. It is very hazardous right now because individual popular stocks like PALM show just how badly an investor in Jim Cramer's favorite growth sector can be savaged. Other stocks such as Boom are being savaged internally with management literally buying Boom stock at 0$ per share and selling it to hide mushrooming Administrative salary increases by diluting the value of the stock instead. The management of BOOM is slowly milking that company dry.
The fact that George Soros funded the Obama campaign should have been enough cause for every American to vote against the Obama regime. The new chairman of the Republican National Committee is yet another big spender and is destroying the Republicans from the inside as GOP big spending on nude bar scenes turns off contributors. Now leftists claim he is being picked on because of his color not because he has not been raising money for candidate. Candidates are now soliciting for themselves. The Republicans are broke and the leftist loonies love it.
World Markets
Asian markets were down over night; Shanghai down -0.5%, Hong Kong down -0.3%, India down -0.5%, and Japan up 0.4%.
European markets are currently flat in the range from 0% to -0.1 % this morning about half way through their day.
Today US pre-market futures are up about 0.6% at 7:30 AM EST. We expect the markets to crack soon under the uncertainty of higher taxes to cover socialist spending of $trillions on corruption rather than infrastructure. Most of the government spending is on false starts like uneconomical wind and solar power and unaffordable things like battery powered GM cars and GM union benefits.
We have noticed that the greatest impediment to stock market profits is a portfolio under $100,000. Beyond $100,000 the investor costs go down and diversification begins to work. Below $6000 it is almost impossible for an investor to make money other than in an index fund (at best) and that has performed close to a net zero for the last ten years (even ignoring trading commissions). Now is a good time for smaller investors to buy a home and participate in the next housing bubble. Back in 2006 we advised that the housing bubble was peaking. It will take five more years for the bubble to begin expanding faster and up to 2020 to 2025 for the housing market to peak again. We believe that under leftist regimes the stock market will not rise more than inflation during this period.
Monday, April 12, 2010
Friday, April 9, 2010
Socialism is sustained by giving a majority of voters free passes called entitlements to live off the work of others.
You and all the other fools who work, invent and create are like the educated Greek slaves who enabled the Roman Empire to run. There are always many entitlements of the majority. First there are always the corrupt and decadent government comprised of the chief of state and a senate. Then there are the government workers where the motto is, "It is not what you know not who you know that counts."
The unions have the political entailment to select the arbitrators who determine the limits to which State and City workers can bleed state and city taxpayers. Those state and city entitlements are what give us a look at the future of America under socialism because the leftists tend to be concentrated in major cities and states like NYC and California which were once areas of capital formation. They are attracted to wealth just like any thief is. Once in the late 1800's Rhode Island's city of Newport was the wealthiest city because it was a beautiful coastline where the wealthy vacationed. The leftists took over the city and state and all the wealthy gave up and moved out. Now Rhode Island ranks with the poorest in wealth and education in the USA. Once America attracted the ambitious and idealistic poor of the old socialist European countries who were brave enough to be pioneers in a new world and make it on their own. Today the leftists have opened the flood gates from places where people reject the old American work ethic, do not seek to educate themselves, and refuse to learn the language Americans have spoken since the Pilgrims. Americans are becoming the servants of a majority of voters who are leftist socialists and for the most part pay little or no taxes because they feel entitled to homes and a life style that true Americans like you must support as their indentured servants (like the educated Greek slaves of old).
It is quite possible to educate this mass of indolent leftists but not when they are entitled to everything based on the laws made by leftists and socialists. We must have the American laws that that the Pilgrims had. The pilgrims tried a Christian style of socialism where everyone was supposed to work according to their ability and could share in the harvest of the community. Under Pilgrim socialism many shirked their work claiming age or infirmities made work too inhumane for them. The next season the American Pilgrims switched from socialism to free enterprise and the community law became unto each according to his works or as the charity of others provided. The socialist's entitlement to charity was gone and the Pilgrims survived and Americans used their surplus wealth to be the most charitable nation in the world.
The left spreads lies and says America is not charitable. But all we need to do is look at America before the leftist socialists began taking power and you see Americans were much more charitable. After WWI America sunk $billions into Western Europe while the Communists stripped East Germany of its machinery and kidnapped German scientists as a slave source of manpower to develop jets, rockets, and nuclear weapons under communists who took all the credit. Eventually Eastern Europe was starving and America was shipping them free grain to eat. But the Communists re-bagged the wheat and then demanded that the bags not be labeled as coming from America. Leftists and socialists are the world's best liars because no one would listen to them if they knew the truth. Today they want everyone to say nice things about them and the Moslem terrorists who want to kill all Jews and Americans. They hate the American Tea Party movement and call them haters because there just are no nice words to describe leftists and socialists if you wish to speak truthfully.
The whole reason for politically correct speech is to suppress the truth about thieving socialist Ponzi schemers and Treasury Secretaries, corrupt politicians, murdering anti American Moslems, lazy entitled government workers and unions, imbecilic leftist congressmen who think Guam will tip over and sink from having too many people, and other leftist activities that pass all previous limits on acceptable societal stupidity.
World Outlook
A 20% improvement in sales after an 80% drop still leaves a company 76% lower this year. But the market prices the stocks much higher because the growth rate makes the stocks PEG seem like a great buy. It can be a very slow growth company that looks good only because the investors are short sighted and believe the stock hype Jim Cramer and others give them. The Baltic Dry index measures the health of world trade. It has shown a serious decline in the last few months and that no doubt is why Jim Cramer has been ignoring it of late. It means world trade is slowing,
http://www.bloomberg.com/apps/cbuilder?ticker1=BDIY%3AIND
Economic Calendar
Finally American jobs are being created faster than they are being lost. See:
http://www.martincapital.com/chart-pgs/Pg_jobs.htm
However, below that chart is another chart that shows the high unemployment rate. What is not shown is that there are a greater percentage of Americans who have been unemployed now for more than a year than in any period since the Great Depression. That block of unemployed Americans will take a long time to re-absorb into the economy.
ISM non manufacturing index rose to 55.4% from 53% last month indicating services are expanding at an increased pace.
US Treasury prices slid on Monday with benchmark yields touching 4 percent for the first time in 10 months as inflation is anticipated. Inflation is better now than deflation.
Pending home sales- the National Association of Realtors said Monday its seasonally adjusted index of sales agreements rose 8.2 percent from January to a February reading of 97.6. January's reading was revised slightly downward to 90.2 to make the current month look better. This is still a good sign.
FOMC minutes were once again positive. In light of improved functioning of financial markets, the Federal Reserve has been closing the special liquidity facilities that it created to support markets during the liquidity meltdown. The only remaining such program, the Term Asset-Backed Securities Loan Facility, is scheduled to close June 30.
Markets are skeptical over Greece's ability to repay bonds they continue to sell more of to pay off debt and go ever deeper into debt as welfare recipients and government workers demand a free lunch and put it on the tab of private workers.
Buyers have returned in force to Treasury 10-yr note auction. The $21 billion auction stopped out at 3.900 percent just under recent highs of 4%. Retail demand was very strong with direct and indirect bidders taking down 59 percent of the auction vs. an average of 51 percent. The continuing trouble in socialist Greece has increased the value of the dollar and is giving a boost to U.S. Treasuries. Treasury prices are extending gains.
Yesterday
Unemployment claims: There were 2.7 million job openings February 2010. The job-opening rate was little changed over the month at 2.1 percent. The hires rate (3.1 percent) and the separations rate (3.1 percent) were also little changed in February.
Bank of England rate has not been increased.
The EURO experienced moderate bounces in positive price volatility following news from European Central Bank (ECB) governor Jean-Claude Trichet. In an anticipated move, the ECB decided to hold interest rates steady while declaring growing stability for Greece. Trichet declared that there was little fear of a sovereign default by Greece in the future and the impact was gripped by short-term bursts in EUR growth. Currently the insurance odds indicate they assess a 4% risk of Greek bond default within five years. Following the announcement by Trichet, the EUR exited its recent weeklong downtrend against the USD and bounced back towards 1.3355 by the end of yesterday's trading. Against the GBP the EUR witnessed two sharp spikes after the announcement by the ECB, but was unable to sustain its growth and fell back into its downtrend, sending a wave of chatter among analysts that a similar fate was due for the EURO/USD in today's trading.
Treasury 30-Year bonds go to 4.770% yield pushing. 30-Year Mortgage Rates to Highest Level in Eight Months. Freddie Mac released the results of its Primary Mortgage Market Survey in which the 30-year fixed-rate mortgage averaged 5.21 percent with an average 0.6 point for the week ending April 8, 2010, up from last week when it averaged 5.08 percent. This is the highest the 30-year mortgage has been since the week ending August 13, 2009 when it averaged 5.29 percent.
Gold prices rose on signs of inflation in home prices and in higher interest rates that increase the cost of producing everything especially in a high debt society.
Friday, April 9:
Wholesale Trade Report
Market Outlook April 9
The market closed up on lower volume again confirming the topping of the American stock markets. We do not expect more than a 10% decline in this first round but it is likely to cascade downward until the socialists in Congress are thrown out of office so that spending on unions and state, city, and federal loafing lifers can be cut.
Obama and the democrat-socialists have set the stage for short sellers of every breed to sweep in and attack American markets. It is very hazardous right now because individual popular stocks like PALM show just how badly an investor in Jim Cramer's favorite growth sector can be savaged. Other stocks such as Boom are being savaged internally with management literally buying Boom stock at 0$ per share and selling it to hide mushrooming Administrative salary increases by diluting the value of the stock. The management of BOOM is milking that company dry.
The fact that George Soros funded the Obama campaign should have been enough cause for every American to vote against the Obama regime. The new chairman of the Republican Nat. Comm. Is another big spender and is destroying the Republicans from the inside as contributors are turned off by GOP big spending on nude bar scenes.
World Markets
Asian markets were up over night; Shanghai up 0.9%, Hong Kong up 1.6%, India up 1.2%, and Japan up 0.3%.
European markets are currently up in the range from 0.7% to 1.3 % this morning about half way through their day.
Today US pre-market futures are up about 0.2% at 8 AM EST.
We have noticed that the greatest impediment to stock market profits is a portfolio under $100,000. Beyond $100,000 the investor costs go down and diversification begins to work. Below $6000 it is almost impossible for an investor to make money other than in an index fund (at best) and that has performed close to a net zero for the last ten years (even ignoring trading commissions).
The unions have the political entailment to select the arbitrators who determine the limits to which State and City workers can bleed state and city taxpayers. Those state and city entitlements are what give us a look at the future of America under socialism because the leftists tend to be concentrated in major cities and states like NYC and California which were once areas of capital formation. They are attracted to wealth just like any thief is. Once in the late 1800's Rhode Island's city of Newport was the wealthiest city because it was a beautiful coastline where the wealthy vacationed. The leftists took over the city and state and all the wealthy gave up and moved out. Now Rhode Island ranks with the poorest in wealth and education in the USA. Once America attracted the ambitious and idealistic poor of the old socialist European countries who were brave enough to be pioneers in a new world and make it on their own. Today the leftists have opened the flood gates from places where people reject the old American work ethic, do not seek to educate themselves, and refuse to learn the language Americans have spoken since the Pilgrims. Americans are becoming the servants of a majority of voters who are leftist socialists and for the most part pay little or no taxes because they feel entitled to homes and a life style that true Americans like you must support as their indentured servants (like the educated Greek slaves of old).
It is quite possible to educate this mass of indolent leftists but not when they are entitled to everything based on the laws made by leftists and socialists. We must have the American laws that that the Pilgrims had. The pilgrims tried a Christian style of socialism where everyone was supposed to work according to their ability and could share in the harvest of the community. Under Pilgrim socialism many shirked their work claiming age or infirmities made work too inhumane for them. The next season the American Pilgrims switched from socialism to free enterprise and the community law became unto each according to his works or as the charity of others provided. The socialist's entitlement to charity was gone and the Pilgrims survived and Americans used their surplus wealth to be the most charitable nation in the world.
The left spreads lies and says America is not charitable. But all we need to do is look at America before the leftist socialists began taking power and you see Americans were much more charitable. After WWI America sunk $billions into Western Europe while the Communists stripped East Germany of its machinery and kidnapped German scientists as a slave source of manpower to develop jets, rockets, and nuclear weapons under communists who took all the credit. Eventually Eastern Europe was starving and America was shipping them free grain to eat. But the Communists re-bagged the wheat and then demanded that the bags not be labeled as coming from America. Leftists and socialists are the world's best liars because no one would listen to them if they knew the truth. Today they want everyone to say nice things about them and the Moslem terrorists who want to kill all Jews and Americans. They hate the American Tea Party movement and call them haters because there just are no nice words to describe leftists and socialists if you wish to speak truthfully.
The whole reason for politically correct speech is to suppress the truth about thieving socialist Ponzi schemers and Treasury Secretaries, corrupt politicians, murdering anti American Moslems, lazy entitled government workers and unions, imbecilic leftist congressmen who think Guam will tip over and sink from having too many people, and other leftist activities that pass all previous limits on acceptable societal stupidity.
World Outlook
A 20% improvement in sales after an 80% drop still leaves a company 76% lower this year. But the market prices the stocks much higher because the growth rate makes the stocks PEG seem like a great buy. It can be a very slow growth company that looks good only because the investors are short sighted and believe the stock hype Jim Cramer and others give them. The Baltic Dry index measures the health of world trade. It has shown a serious decline in the last few months and that no doubt is why Jim Cramer has been ignoring it of late. It means world trade is slowing,
http://www.bloomberg.com/apps/cbuilder?ticker1=BDIY%3AIND
Economic Calendar
Finally American jobs are being created faster than they are being lost. See:
http://www.martincapital.com/chart-pgs/Pg_jobs.htm
However, below that chart is another chart that shows the high unemployment rate. What is not shown is that there are a greater percentage of Americans who have been unemployed now for more than a year than in any period since the Great Depression. That block of unemployed Americans will take a long time to re-absorb into the economy.
ISM non manufacturing index rose to 55.4% from 53% last month indicating services are expanding at an increased pace.
US Treasury prices slid on Monday with benchmark yields touching 4 percent for the first time in 10 months as inflation is anticipated. Inflation is better now than deflation.
Pending home sales- the National Association of Realtors said Monday its seasonally adjusted index of sales agreements rose 8.2 percent from January to a February reading of 97.6. January's reading was revised slightly downward to 90.2 to make the current month look better. This is still a good sign.
FOMC minutes were once again positive. In light of improved functioning of financial markets, the Federal Reserve has been closing the special liquidity facilities that it created to support markets during the liquidity meltdown. The only remaining such program, the Term Asset-Backed Securities Loan Facility, is scheduled to close June 30.
Markets are skeptical over Greece's ability to repay bonds they continue to sell more of to pay off debt and go ever deeper into debt as welfare recipients and government workers demand a free lunch and put it on the tab of private workers.
Buyers have returned in force to Treasury 10-yr note auction. The $21 billion auction stopped out at 3.900 percent just under recent highs of 4%. Retail demand was very strong with direct and indirect bidders taking down 59 percent of the auction vs. an average of 51 percent. The continuing trouble in socialist Greece has increased the value of the dollar and is giving a boost to U.S. Treasuries. Treasury prices are extending gains.
Yesterday
Unemployment claims: There were 2.7 million job openings February 2010. The job-opening rate was little changed over the month at 2.1 percent. The hires rate (3.1 percent) and the separations rate (3.1 percent) were also little changed in February.
Bank of England rate has not been increased.
The EURO experienced moderate bounces in positive price volatility following news from European Central Bank (ECB) governor Jean-Claude Trichet. In an anticipated move, the ECB decided to hold interest rates steady while declaring growing stability for Greece. Trichet declared that there was little fear of a sovereign default by Greece in the future and the impact was gripped by short-term bursts in EUR growth. Currently the insurance odds indicate they assess a 4% risk of Greek bond default within five years. Following the announcement by Trichet, the EUR exited its recent weeklong downtrend against the USD and bounced back towards 1.3355 by the end of yesterday's trading. Against the GBP the EUR witnessed two sharp spikes after the announcement by the ECB, but was unable to sustain its growth and fell back into its downtrend, sending a wave of chatter among analysts that a similar fate was due for the EURO/USD in today's trading.
Treasury 30-Year bonds go to 4.770% yield pushing. 30-Year Mortgage Rates to Highest Level in Eight Months. Freddie Mac released the results of its Primary Mortgage Market Survey in which the 30-year fixed-rate mortgage averaged 5.21 percent with an average 0.6 point for the week ending April 8, 2010, up from last week when it averaged 5.08 percent. This is the highest the 30-year mortgage has been since the week ending August 13, 2009 when it averaged 5.29 percent.
Gold prices rose on signs of inflation in home prices and in higher interest rates that increase the cost of producing everything especially in a high debt society.
Friday, April 9:
Wholesale Trade Report
Market Outlook April 9
The market closed up on lower volume again confirming the topping of the American stock markets. We do not expect more than a 10% decline in this first round but it is likely to cascade downward until the socialists in Congress are thrown out of office so that spending on unions and state, city, and federal loafing lifers can be cut.
Obama and the democrat-socialists have set the stage for short sellers of every breed to sweep in and attack American markets. It is very hazardous right now because individual popular stocks like PALM show just how badly an investor in Jim Cramer's favorite growth sector can be savaged. Other stocks such as Boom are being savaged internally with management literally buying Boom stock at 0$ per share and selling it to hide mushrooming Administrative salary increases by diluting the value of the stock. The management of BOOM is milking that company dry.
The fact that George Soros funded the Obama campaign should have been enough cause for every American to vote against the Obama regime. The new chairman of the Republican Nat. Comm. Is another big spender and is destroying the Republicans from the inside as contributors are turned off by GOP big spending on nude bar scenes.
World Markets
Asian markets were up over night; Shanghai up 0.9%, Hong Kong up 1.6%, India up 1.2%, and Japan up 0.3%.
European markets are currently up in the range from 0.7% to 1.3 % this morning about half way through their day.
Today US pre-market futures are up about 0.2% at 8 AM EST.
We have noticed that the greatest impediment to stock market profits is a portfolio under $100,000. Beyond $100,000 the investor costs go down and diversification begins to work. Below $6000 it is almost impossible for an investor to make money other than in an index fund (at best) and that has performed close to a net zero for the last ten years (even ignoring trading commissions).
Thursday, April 8, 2010
The Markets continue a high risk, low reward situation.
It is a fact that socialists individually contribute the least toward charity at home. They think that is not their job it is government's job. In northern European socialist countries the government collects a stipend from every member of the church and gives it to the churches. That is like automatic tithing and is doing wonders to get people not to go to Christian Churches. Socialists also tend to be atheists and are the biggest cheaters to avoid paying taxes. Even Obama's Treasury Secretary had to come clean on his tax evasions when he was advised he would not pay any penalties if he cleaned up before he was audited. Socialism leads to corruption and underground economies as honest people find themselves taxed to starvation. Greece and southern Italy are perfect examples of underground economies and Mafia like local justice.
The Euro fell as Germany announced production had stalled in February. Even so the cost of Greek debt rose sharply against the cost of selling German debt as socialist government workers continue to demonstrate against government spending reductions.
World Outlook
A 20% improvement in sales after an 80% drop still leaves a company 76% lower this year. But the market prices the stocks much higher because the growth rate makes the stocks PEG seem like a great buy. It can be a very slow growth company that looks good only because the investors are short sighted and believe the stock hype Jim Cramer and others give them. The Baltic Dry index measures the health of world trade. It has shown a serious decline in the last few months and that no doubt is why Jim Cramer has been ignoring it of late. It means world trade is slowing,
http://www.bloomberg.com/apps/cbuilder?ticker1=BDIY%3AIND
Economic Calendar
Finally American jobs are being created faster than they are being lost. See:
http://www.martincapital.com/chart-pgs/Pg_jobs.htm
However, below that chart is another chart that shows the high unemployment rate. What is not shown is that there are a greater percentage of Americans who have been unemployed now for more than a year than in any period since the Great Depression. That block of unemployed Americans will take a long time to re-absorb into the economy.
ISM non manufacturing index rose to 55.4% from 53% last month indicating services are expanding at an increased pace.
US Treasury prices slid on Monday with benchmark yields touching 4 percent for the first time in 10 months as inflation is anticipated. Inflation is better now than deflation.
Pending home sales- the National Association of Realtors said Monday its seasonally adjusted index of sales agreements rose 8.2 percent from January to a February reading of 97.6. January's reading was revised slightly downward to 90.2 to make the current month look better. This is still a good sign.
FOMC minutes were once again positive. In light of improved functioning of financial markets, the Federal Reserve has been closing the special liquidity facilities that it created to support markets during the liquidity meltdown. The only remaining such program, the Term Asset-Backed Securities Loan Facility, is scheduled to close June 30.
Yesterday
Markets are skeptical over Greek ability to repay bonds they continue to sell more of to pay off debt and go ever deeper into debt as welfare recipients and government workers demand a free lunch and put it on the tab of private workers.
Buyers have returned in force to Treasury 10-yr note auction. The $21 billion auction stopped out at 3.900 percent just under recent highs of 4%. Retail demand was very strong with direct and indirect bidders taking down 59 percent of the auction vs. an average of 51 percent. The continuing trouble in socialist Greece has increased the value of the dollar and is giving a boost to U.S. Treasuries. Treasury prices are extending gains.
Thursday, April 8:
Unemployment claims
BOE rate announcement
ECB announcement
Treasury auctions $13 billion of 30-year bonds.
Friday, April 9:
Wholesale Trade Report
Market Outlook April 8
The market closed down on sharply increased volume confirming the topping of the American stock markets. We do not expect more than a 10% decline in this first round but it is likely to cascade downward until the socialists in Congress are thrown out of office so that spending on unions and state and federal loafing lifers can be cut.
Obama and the democrat-socialists have set the stage for short sellers of every breed to sweep in and attack American markets. It is very hazardous right now because individual popular stocks like PALM show just how badly an investor in Jim Cramer's favorite growth sector can be savaged. Other stocks such as Boom are being savaged internally with management literally buying Boom stock at 0$ per share and selling it to hide mushrooming Administrative salary increases by diluting the value of the stock. The management of BOOM is milking that company dry.
The fact that George Soros funded the Obama campaign should have been enough cause for every American to vote against the Obama regime. The new chairman of the Republican Nat. Comm. Is another big spender and is destroying the Republicans from the inside as contributors are turned off by GOP big spending on nude bar scenes.
World Markets
Asian markets were down over night; Shanghai down -0.9%, Hong Kong down -0.3%, India down -1.4%, and Japan down -1.1%.
European markets are currently down in the range from -0.9% to -1.5 % this morning about half way through their day.
Today US pre-market futures are down in a range -0.2% to -0.4% at 7:30 AM EST.
We have noticed that the greatest impediment to stock market profits is a portfolio under $100,000. Beyond $100,000 the investor costs go down and diversification begins to work. Below $6000 it is almost impossible for an investor to make money other than in an index fund (at best) and that has performed close to a net zero for the last ten years (even ignoring trading commissions).
The Euro fell as Germany announced production had stalled in February. Even so the cost of Greek debt rose sharply against the cost of selling German debt as socialist government workers continue to demonstrate against government spending reductions.
World Outlook
A 20% improvement in sales after an 80% drop still leaves a company 76% lower this year. But the market prices the stocks much higher because the growth rate makes the stocks PEG seem like a great buy. It can be a very slow growth company that looks good only because the investors are short sighted and believe the stock hype Jim Cramer and others give them. The Baltic Dry index measures the health of world trade. It has shown a serious decline in the last few months and that no doubt is why Jim Cramer has been ignoring it of late. It means world trade is slowing,
http://www.bloomberg.com/apps/cbuilder?ticker1=BDIY%3AIND
Economic Calendar
Finally American jobs are being created faster than they are being lost. See:
http://www.martincapital.com/chart-pgs/Pg_jobs.htm
However, below that chart is another chart that shows the high unemployment rate. What is not shown is that there are a greater percentage of Americans who have been unemployed now for more than a year than in any period since the Great Depression. That block of unemployed Americans will take a long time to re-absorb into the economy.
ISM non manufacturing index rose to 55.4% from 53% last month indicating services are expanding at an increased pace.
US Treasury prices slid on Monday with benchmark yields touching 4 percent for the first time in 10 months as inflation is anticipated. Inflation is better now than deflation.
Pending home sales- the National Association of Realtors said Monday its seasonally adjusted index of sales agreements rose 8.2 percent from January to a February reading of 97.6. January's reading was revised slightly downward to 90.2 to make the current month look better. This is still a good sign.
FOMC minutes were once again positive. In light of improved functioning of financial markets, the Federal Reserve has been closing the special liquidity facilities that it created to support markets during the liquidity meltdown. The only remaining such program, the Term Asset-Backed Securities Loan Facility, is scheduled to close June 30.
Yesterday
Markets are skeptical over Greek ability to repay bonds they continue to sell more of to pay off debt and go ever deeper into debt as welfare recipients and government workers demand a free lunch and put it on the tab of private workers.
Buyers have returned in force to Treasury 10-yr note auction. The $21 billion auction stopped out at 3.900 percent just under recent highs of 4%. Retail demand was very strong with direct and indirect bidders taking down 59 percent of the auction vs. an average of 51 percent. The continuing trouble in socialist Greece has increased the value of the dollar and is giving a boost to U.S. Treasuries. Treasury prices are extending gains.
Thursday, April 8:
Unemployment claims
BOE rate announcement
ECB announcement
Treasury auctions $13 billion of 30-year bonds.
Friday, April 9:
Wholesale Trade Report
Market Outlook April 8
The market closed down on sharply increased volume confirming the topping of the American stock markets. We do not expect more than a 10% decline in this first round but it is likely to cascade downward until the socialists in Congress are thrown out of office so that spending on unions and state and federal loafing lifers can be cut.
Obama and the democrat-socialists have set the stage for short sellers of every breed to sweep in and attack American markets. It is very hazardous right now because individual popular stocks like PALM show just how badly an investor in Jim Cramer's favorite growth sector can be savaged. Other stocks such as Boom are being savaged internally with management literally buying Boom stock at 0$ per share and selling it to hide mushrooming Administrative salary increases by diluting the value of the stock. The management of BOOM is milking that company dry.
The fact that George Soros funded the Obama campaign should have been enough cause for every American to vote against the Obama regime. The new chairman of the Republican Nat. Comm. Is another big spender and is destroying the Republicans from the inside as contributors are turned off by GOP big spending on nude bar scenes.
World Markets
Asian markets were down over night; Shanghai down -0.9%, Hong Kong down -0.3%, India down -1.4%, and Japan down -1.1%.
European markets are currently down in the range from -0.9% to -1.5 % this morning about half way through their day.
Today US pre-market futures are down in a range -0.2% to -0.4% at 7:30 AM EST.
We have noticed that the greatest impediment to stock market profits is a portfolio under $100,000. Beyond $100,000 the investor costs go down and diversification begins to work. Below $6000 it is almost impossible for an investor to make money other than in an index fund (at best) and that has performed close to a net zero for the last ten years (even ignoring trading commissions).
Wednesday, April 7, 2010
The Markets are now in a high risk, low reward situation.
This week John P. Hussman, Ph.D. reported an Unpleasant Skew. See:
http://www.hussman.net/wmc/wmc100405.htm
In summary John said, "The first crucial observation is that high risk market conditions like we observe at present come with an "unpleasant skew." If you look at overvalued, overbought, overbullish, hostile yield conditions of the past, you'll find that the most likely market outcome, in terms of raw probability, is a continued tendency for the market to achieve successive but slight marginal new highs. While this movement tends to be fairly muted in terms of overall progress, it can be somewhat excruciating for investors in a defensive position, because the market tends to pull back by a only a few percent, followed by bursts that recover that lost ground and achieve minor but widely celebrated new highs. That is the "unpleasant" part.
The "skew" part is that although the raw probability tends to favor slight successive new highs, the remaining probability tends to feature nearly vertical drops, typically well over 10% over a period of weeks. Frankly, I thought we had begun that process in the decline from the January highs, but much like we observed in early 2007, that initial decline was quickly recovered and followed by a restoration of overvalued, overbought, overbullish, hostile yield conditions. Eventually, of course, the outcome for investors was very bad, but that in no way rescued us from discomfort as the market approached its final peak in 2007. I suspect something similar is at work at present, but we will take our evidence as it comes.
Asset values have been written up over the past year, but the underlying cash flows clearly continue to deteriorate. Delinquency rates remain at record highs, while foreclosure rates have lagged, creating a massive shadow inventory of bad but unforeclosed mortgages in the U.S. financial system. "
World Outlook
A 20% improvement in sales after an 80% drop still leaves a company 76% lower this year. But the market prices the stocks much higher because the growth rate makes the stocks PEG seem like a great buy. It can be a very slow growth company that looks good only because the investors are short sighted and believe the stock hype Jim Cramer and others give them. The Baltic Dry index measures the health of world trade. It has shown a serious decline in the last few months and that no doubt is why Jim Cramer has been ignoring it of late. It means world trade is slowing,
http://www.bloomberg.com/apps/cbuilder?ticker1=BDIY%3AIND
Economic Calendar
Finally American jobs are being created faster than they are being lost. See:
http://www.martincapital.com/chart-pgs/Pg_jobs.htm
However, below that chart is another chart that shows the high unemployment rate. What is not shown is that there are a greater percentage of Americans who have been unemployed now for more than a year than in any period since the Great Depression. That block of unemployed Americans will take a long time to re-absorb into the economy.
ISM non manufacturing index rose to 55.4% from 53% last month indicating services are expanding at an increased pace.
US Treasury prices slid on Monday with benchmark yields touching 4 percent for the first time in 10 months as inflation is anticipated. Inflation is better now than deflation.
Pending home sales- the National Association of Realtors said Monday its seasonally adjusted index of sales agreements rose 8.2 percent from January to a February reading of 97.6. January's reading was revised slightly downward to 90.2 to make the current month look better. This is still a good sign.
Yesterday
FOMC minutes were once again positive. In light of improved functioning of financial markets, the Federal Reserve has been closing the special liquidity facilities that it created to support markets during the liquidity meltdown. The only remaining such program, the Term Asset-Backed Securities Loan Facility, is scheduled to close June 30.
Wednesday, April 7:
Treasury 10-yr note auction
Thursday, April 8:
Unemployment claims
BOE rate announcement
ECB announcement
Friday, April 8:
Wholesale Trade Report
Market Outlook April 7
While the NYSE could be setting new highs this week the NYSE adjusted for volume being higher on recent declines than advances now has to rise about 1.6% just to reach the highs of last October and December. We agree with John Hussman from our stock market cash flow perspective that uses stock volume. In 2007 we saw as now that the slow ascension of new market highs were not supported by market volume. When corrected for lower volume on advances the market cash flow index was as now showing first flat and then declining lows and highs.
Obama and the democrat-socialists are setting the stage for short sellers of every breed to sweep in soon and attack American markets and currencies. The fact that George Soros funded the Obama campaign should have been enough cause for every American to vote against the Obama regime.
World Markets
Asian markets were up slightly over night; Shanghai down -0.3%, Hong Kong up 1.8%, India up 0.2%, and Japan up 0.1%.
European markets are currently down in the range from 0% to -0.5 % this morning about half way through their day.
Today US pre-market futures are down in a range -0.2% to -0.4% at 8:00 AM EST.
We have noticed that the greatest impediment to stock market profits is a portfolio under $100,000. Beyond $100,000 the investor costs go down and diversification begins to work. Below $6000 it is almost impossible for an investor to make money other than in an index fund (at best) and that has performed close to a net zero for the last ten years (even ignoring trading commissions).
http://www.hussman.net/wmc/wmc100405.htm
In summary John said, "The first crucial observation is that high risk market conditions like we observe at present come with an "unpleasant skew." If you look at overvalued, overbought, overbullish, hostile yield conditions of the past, you'll find that the most likely market outcome, in terms of raw probability, is a continued tendency for the market to achieve successive but slight marginal new highs. While this movement tends to be fairly muted in terms of overall progress, it can be somewhat excruciating for investors in a defensive position, because the market tends to pull back by a only a few percent, followed by bursts that recover that lost ground and achieve minor but widely celebrated new highs. That is the "unpleasant" part.
The "skew" part is that although the raw probability tends to favor slight successive new highs, the remaining probability tends to feature nearly vertical drops, typically well over 10% over a period of weeks. Frankly, I thought we had begun that process in the decline from the January highs, but much like we observed in early 2007, that initial decline was quickly recovered and followed by a restoration of overvalued, overbought, overbullish, hostile yield conditions. Eventually, of course, the outcome for investors was very bad, but that in no way rescued us from discomfort as the market approached its final peak in 2007. I suspect something similar is at work at present, but we will take our evidence as it comes.
Asset values have been written up over the past year, but the underlying cash flows clearly continue to deteriorate. Delinquency rates remain at record highs, while foreclosure rates have lagged, creating a massive shadow inventory of bad but unforeclosed mortgages in the U.S. financial system. "
World Outlook
A 20% improvement in sales after an 80% drop still leaves a company 76% lower this year. But the market prices the stocks much higher because the growth rate makes the stocks PEG seem like a great buy. It can be a very slow growth company that looks good only because the investors are short sighted and believe the stock hype Jim Cramer and others give them. The Baltic Dry index measures the health of world trade. It has shown a serious decline in the last few months and that no doubt is why Jim Cramer has been ignoring it of late. It means world trade is slowing,
http://www.bloomberg.com/apps/cbuilder?ticker1=BDIY%3AIND
Economic Calendar
Finally American jobs are being created faster than they are being lost. See:
http://www.martincapital.com/chart-pgs/Pg_jobs.htm
However, below that chart is another chart that shows the high unemployment rate. What is not shown is that there are a greater percentage of Americans who have been unemployed now for more than a year than in any period since the Great Depression. That block of unemployed Americans will take a long time to re-absorb into the economy.
ISM non manufacturing index rose to 55.4% from 53% last month indicating services are expanding at an increased pace.
US Treasury prices slid on Monday with benchmark yields touching 4 percent for the first time in 10 months as inflation is anticipated. Inflation is better now than deflation.
Pending home sales- the National Association of Realtors said Monday its seasonally adjusted index of sales agreements rose 8.2 percent from January to a February reading of 97.6. January's reading was revised slightly downward to 90.2 to make the current month look better. This is still a good sign.
Yesterday
FOMC minutes were once again positive. In light of improved functioning of financial markets, the Federal Reserve has been closing the special liquidity facilities that it created to support markets during the liquidity meltdown. The only remaining such program, the Term Asset-Backed Securities Loan Facility, is scheduled to close June 30.
Wednesday, April 7:
Treasury 10-yr note auction
Thursday, April 8:
Unemployment claims
BOE rate announcement
ECB announcement
Friday, April 8:
Wholesale Trade Report
Market Outlook April 7
While the NYSE could be setting new highs this week the NYSE adjusted for volume being higher on recent declines than advances now has to rise about 1.6% just to reach the highs of last October and December. We agree with John Hussman from our stock market cash flow perspective that uses stock volume. In 2007 we saw as now that the slow ascension of new market highs were not supported by market volume. When corrected for lower volume on advances the market cash flow index was as now showing first flat and then declining lows and highs.
Obama and the democrat-socialists are setting the stage for short sellers of every breed to sweep in soon and attack American markets and currencies. The fact that George Soros funded the Obama campaign should have been enough cause for every American to vote against the Obama regime.
World Markets
Asian markets were up slightly over night; Shanghai down -0.3%, Hong Kong up 1.8%, India up 0.2%, and Japan up 0.1%.
European markets are currently down in the range from 0% to -0.5 % this morning about half way through their day.
Today US pre-market futures are down in a range -0.2% to -0.4% at 8:00 AM EST.
We have noticed that the greatest impediment to stock market profits is a portfolio under $100,000. Beyond $100,000 the investor costs go down and diversification begins to work. Below $6000 it is almost impossible for an investor to make money other than in an index fund (at best) and that has performed close to a net zero for the last ten years (even ignoring trading commissions).
Tuesday, April 6, 2010
Social Security failed because leftists use it to even pay for things like Ritalin and hearing aids.
Social Security was intended to be a safety net to provide for seniors who worked all their lives. Instead the leftists use it for disabilities most of it goes to fraud. The 60 Minutes show once staged a fake bus accident in a ghetto area in New Jersey. When passing deadbeats heard the bus was in an accident they got on the bus and swore they were injured in the accident. It was a popular accident fraud scheme and they normally would collect for a fake injury and then apply to Social Security for disability payments for life.
Most teachers know of other teachers who get special disability payments and retire early with full state and local benefits. In one school in Connecticut a teacher completely retired on disabilities after being kicked in the shin of one leg by a grade school student. I knew an Army veteran who was retired with full disability in his late 20's. He was the best water skier in his town in upstate New York.
Almost everyone knows someone involved in fraud and the worst fraud is in Medicare. The government hires imbeciles because they are in special favored ethnic and racial groups who need a job where they can get by and do nothing. 60 Minutes showed that the Government workers do not check companies first before paying fraudulent claims. By the time these incompetent government workers are pressured into shutting down the fraud, the criminals have been forewarned and are gone. With crooks in paid government jobs how can America expect any government program to work. They are all going bankrupt due to corruption and incompetence of government workers. Medicare fraud is now more lucrative than drug dealing so organized crime prefers Medicare fraud because with imbecilic leftist government slackers it is virtually risk free.
The leftists are slowly destroying western world freedoms with corruption at all levels of government. While most American scientists and engineers acknowledge the natural glacial cycle only the loony scientists and left wing imbeciles say the evidence proves it is man made. The natural cycles have actually occurred at least ten times in the last million years, long before there were humans. Over 31000 scientists and engineers have signed a petition saying Global Warming is not likely man made as opposed to 10000 ignorant or corrupt loony scientists who signed a petition claiming the evidence proves global warming is man made.
http://www.petitionproject.org/index.php
This leftist global warming fraud is just one of ways leftists infiltrate everything. They are destroying science at universities and large religious organizations from the inside. The same leftists who love little choirboys are the ones seeking gay marriage recognition and gay priests and bishops. They all hate the Catholic Church because the Catholic Church learned its lesson and is stopping this process which the ELCA Lutheran Church in America and the Anglicans have only just started to encourage. Well folks, this is nothing new. They have been doing their thing in secret for centuries and they want to do it openly in the future with public approval. This is an ancient life style incompatible with the work ethic or American protections of individuals from predators, and the tyranny of the leftist corrupt growing majority. It goes back to Sodom and Gomorrah when Lot was forced to surrender his children to it because the predators were in the majority.
World Outlook
The Baltic Dry index measures the health of world trade. It has shown a serious decline in the last few months and that no doubt is why Jim Cramer has been ignoring it of late. It means world trade is slowing,
http://www.bloomberg.com/apps/cbuilder?ticker1=BDIY%3AIND
Economic Calendar
Finally American jobs are being created faster than they are being lost. See:
http://www.martincapital.com/chart-pgs/Pg_jobs.htm
However, below that chart is another chart that shows the high unemployment rate. What is not shown is that there are a greater percentage of Americans who have been unemployed now for more than a year than in any period since the Great Depression. That block of unemployed Americans will take a long time to re-absorb into the economy.
Yesterday
ISM non manfg index rose to 55.4% from 53% last month indicating services are expanding at an increased pace.
US Treasury prices slid on Monday with benchmark yields touching 4 percent for the first time in 10 months as inflation is anticipated. Inflation is better now than deflation.
Pending home sales- the National Association of Realtors said Monday its seasonally adjusted index of sales agreements rose 8.2 percent from January to a February reading of 97.6. January's reading was revised slightly downward to 90.2 to make the current month look better. This is still a good sign.
Tuesday, April 6:
FOMC minutes
Wednesday, April 7:
Treasury 10-yr note auction
Thursday, April 8:
Unemployment claims
BOE rate announcement
ECB announcement
Friday, April 8:
Wholesale Trade Report
Market Outlook April 6
The VAT tax is a good idea. This is how it works. It places a tax on the value added at every stage of production and distribution. It amounts to about 20% except the tax is 0% for exports. So they forfeit the 20% on exports so that business can make the 80% tax-free. This is an enormous benefit to business and is the primary reason a small partially socialist country such as Germany has such a good economy and high exports. It is curious that if the United States is against the VAT at home that no one ever took the VAT to the Trade Board and complained that it is effectively a -20tarrif and therefore dumping and unfair. If America accepts the VAT for Europe it makes sense competitively to use the VAT in America.
While the NYSE could be setting new highs this week the NYSE adjusted for volume being higher on recent declines than advances now has to rise just 1.6% just to reach the highs of last October and December.
Obama and the democrat-socialists are setting the stage for short sellers of every breed to sweep in soon and attack American markets and currencies. The fact that George Soros funded the Obama campaign should have been enough cause for every American to vote against the Obama regime.
World Markets
Asian markets were up over night; Shanghai 0%, Hong Kong closed, India up 0%, and Japan up 1%.
European markets are currently up in the range from 0% to 0.5 % this morning about half way through their day.
Today US pre-market futures are down in a range 0.2% to 0.4% at 8:30 AM EST.
We have noticed that the greatest impediment to stock market profits is a portfolio under $100,000. Beyond $100,000 the investor costs go down and diversification begins to work. Below $6000 it is almost impossible for an investor to make money other than in an index fund (at best) and that has performed close to a net zero for the last ten years (even ignoring trading commissions).
Most teachers know of other teachers who get special disability payments and retire early with full state and local benefits. In one school in Connecticut a teacher completely retired on disabilities after being kicked in the shin of one leg by a grade school student. I knew an Army veteran who was retired with full disability in his late 20's. He was the best water skier in his town in upstate New York.
Almost everyone knows someone involved in fraud and the worst fraud is in Medicare. The government hires imbeciles because they are in special favored ethnic and racial groups who need a job where they can get by and do nothing. 60 Minutes showed that the Government workers do not check companies first before paying fraudulent claims. By the time these incompetent government workers are pressured into shutting down the fraud, the criminals have been forewarned and are gone. With crooks in paid government jobs how can America expect any government program to work. They are all going bankrupt due to corruption and incompetence of government workers. Medicare fraud is now more lucrative than drug dealing so organized crime prefers Medicare fraud because with imbecilic leftist government slackers it is virtually risk free.
The leftists are slowly destroying western world freedoms with corruption at all levels of government. While most American scientists and engineers acknowledge the natural glacial cycle only the loony scientists and left wing imbeciles say the evidence proves it is man made. The natural cycles have actually occurred at least ten times in the last million years, long before there were humans. Over 31000 scientists and engineers have signed a petition saying Global Warming is not likely man made as opposed to 10000 ignorant or corrupt loony scientists who signed a petition claiming the evidence proves global warming is man made.
http://www.petitionproject.org/index.php
This leftist global warming fraud is just one of ways leftists infiltrate everything. They are destroying science at universities and large religious organizations from the inside. The same leftists who love little choirboys are the ones seeking gay marriage recognition and gay priests and bishops. They all hate the Catholic Church because the Catholic Church learned its lesson and is stopping this process which the ELCA Lutheran Church in America and the Anglicans have only just started to encourage. Well folks, this is nothing new. They have been doing their thing in secret for centuries and they want to do it openly in the future with public approval. This is an ancient life style incompatible with the work ethic or American protections of individuals from predators, and the tyranny of the leftist corrupt growing majority. It goes back to Sodom and Gomorrah when Lot was forced to surrender his children to it because the predators were in the majority.
World Outlook
The Baltic Dry index measures the health of world trade. It has shown a serious decline in the last few months and that no doubt is why Jim Cramer has been ignoring it of late. It means world trade is slowing,
http://www.bloomberg.com/apps/cbuilder?ticker1=BDIY%3AIND
Economic Calendar
Finally American jobs are being created faster than they are being lost. See:
http://www.martincapital.com/chart-pgs/Pg_jobs.htm
However, below that chart is another chart that shows the high unemployment rate. What is not shown is that there are a greater percentage of Americans who have been unemployed now for more than a year than in any period since the Great Depression. That block of unemployed Americans will take a long time to re-absorb into the economy.
Yesterday
ISM non manfg index rose to 55.4% from 53% last month indicating services are expanding at an increased pace.
US Treasury prices slid on Monday with benchmark yields touching 4 percent for the first time in 10 months as inflation is anticipated. Inflation is better now than deflation.
Pending home sales- the National Association of Realtors said Monday its seasonally adjusted index of sales agreements rose 8.2 percent from January to a February reading of 97.6. January's reading was revised slightly downward to 90.2 to make the current month look better. This is still a good sign.
Tuesday, April 6:
FOMC minutes
Wednesday, April 7:
Treasury 10-yr note auction
Thursday, April 8:
Unemployment claims
BOE rate announcement
ECB announcement
Friday, April 8:
Wholesale Trade Report
Market Outlook April 6
The VAT tax is a good idea. This is how it works. It places a tax on the value added at every stage of production and distribution. It amounts to about 20% except the tax is 0% for exports. So they forfeit the 20% on exports so that business can make the 80% tax-free. This is an enormous benefit to business and is the primary reason a small partially socialist country such as Germany has such a good economy and high exports. It is curious that if the United States is against the VAT at home that no one ever took the VAT to the Trade Board and complained that it is effectively a -20tarrif and therefore dumping and unfair. If America accepts the VAT for Europe it makes sense competitively to use the VAT in America.
While the NYSE could be setting new highs this week the NYSE adjusted for volume being higher on recent declines than advances now has to rise just 1.6% just to reach the highs of last October and December.
Obama and the democrat-socialists are setting the stage for short sellers of every breed to sweep in soon and attack American markets and currencies. The fact that George Soros funded the Obama campaign should have been enough cause for every American to vote against the Obama regime.
World Markets
Asian markets were up over night; Shanghai 0%, Hong Kong closed, India up 0%, and Japan up 1%.
European markets are currently up in the range from 0% to 0.5 % this morning about half way through their day.
Today US pre-market futures are down in a range 0.2% to 0.4% at 8:30 AM EST.
We have noticed that the greatest impediment to stock market profits is a portfolio under $100,000. Beyond $100,000 the investor costs go down and diversification begins to work. Below $6000 it is almost impossible for an investor to make money other than in an index fund (at best) and that has performed close to a net zero for the last ten years (even ignoring trading commissions).
Monday, April 5, 2010
The risk of a tyranny of the Majority is why the American founders chose the American Republic form of government
The risk of a tyranny of the Majority is why the American founders chose the American Republic form of government where the established law of the land and not the majority determines justice.
Bolivia now joins Venezuela in scrapping their Constitutional protections in favor of another socialist psychopath dictatorship. The new Bolivian constitution makes the mixed native population the power-base using the principle of a tyranny of the majority where the majority will elect the Supreme Court. Obama too, with his grossly incompetent leftist entourage seeks to change the American Constitution to give his majority of indigents, illegals, felons, government workers, unions, and separatist ethnic groups the tyranny of a majority coalition. And once they have democratically elected their judges they can dispense with all the protections the American Constitution affords. America would no longer be a republic and a land governed by the law of the land. Instead it would become a democracy governed by the whims of the current elected majority. Under Obama's buddy Chavez of Venezuela, the critics of Chavez are imprisoned, flee the country, or simply are murdered in the streets. And we know Obama loves Chavez because Chavez was one of the first psychopaths Obama befriended when he defeated liberal Republican McCain.
American liberty and free enterprise bailed the world out of several economic panics, one FDR socialist Great Depression, several socialist European depressions, two world wars and many attempts of socialist atheistic and Moslem pirate and terrorist groups to slaughter innocents who did not agree with their ideology. Since America rose to world power there has not been another World War or socialist caused depression. Obama wants to scrap the individual freedom, liberty, and free enterprise precepts of the American Constitution for the time proven sick and depraved socialist system which has been the legacy of all the evil men and sick societies of time from Mohammed spreading lies by the sword to Hitler's Arian Race, to the killing fields of Cambodia and to the 911 Moslem terrorists. Obamacare and socialism would turn America into a cradle to grave government run feudal state much like they have in Indonesia and Nigeria Obama's childhood countries. Under Barack Hussein Obama's socialism it is not what you know and achieve that count, but what political organization you belong to and who you know that counts. Under Sadham Hussein if you did not support him he had you thrown off a roof or thrown in a vat of acid. Only the strict adherence to the checks and balances of the American constitution has protected Americans from sick charismatic dictatorial socialists taking over our government.
World Outlook
The Baltic Dry index measures the health of world trade. It has shown a serious decline in the last few months and that no doubt is why Jim Cramer has been ignoring it of late. It means world trade is slowing,
http://www.bloomberg.com/apps/cbuilder?ticker1=BDIY%3AIND
Economic Calendar
Finally American jobs are being created faster than they are being lost. See:
http://www.martincapital.com/chart-pgs/Pg_jobs.htm
However, below that chart is another chart that shows the high unemployment rate. What is not shown is that there are a greater percentage of Americans who have been unemployed now for more than a year than in any period since the Great Depression. That block of unemployed Americans will take a long time to re-absorb into the economy.
Monday, April 5:
ISM non manfg index
Pending home sales
Tuesday, April 6:
FOMC minutes
Wednesday, April 7:
Treasury 10-yr note auction
Thursday, April 8:
Unemployment claims
BOE rate announcement
ECB announcement
Friday, April 8:
Wholesale Trade Report
Market Outlook April 5
While the NYSE could be setting new highs this week the NYSE adjusted for volume being higher on recent declines than advances has to rise more than 3% just to reach the highs of last October and December. That implies the market is ready for its biggest correction since March 2009. It is likely to be focussed on specific stocks and sectors. The wannabe Ipods that did not make the cut are one area where sharp selling is likely. Sales of the tablets have also been hyped far beyond reason.
Obama and the democrat-socialists are setting the stage for short sellers of every breed to sweep in soon and attack American markets and currencies. The fact that George Soros funded the Obama campaign should have been enough cause for every American to vote against the Obama regime.
World Markets
Asian markets were up over night; Shanghai closed, Hong Kong closed, India up 1.4%, and Japan up 0.5%.
European markets are currently up in the range from 1% to 1.5 % this morning about half way through their day.
Today US pre-market futures are up in a range 0.4% to 0.5% at 8:30 AM EST.
We have noticed that the greatest impediment to stock market profits is a portfolio under $100,000. Beyond $100,000 the investor costs go down and diversification begins to work. Below $6000 it is almost impossible for an investor to make money other than in an index fund (at best) and that has performed close to a net zero for the last ten years (even ignoring trading commissions).
Bolivia now joins Venezuela in scrapping their Constitutional protections in favor of another socialist psychopath dictatorship. The new Bolivian constitution makes the mixed native population the power-base using the principle of a tyranny of the majority where the majority will elect the Supreme Court. Obama too, with his grossly incompetent leftist entourage seeks to change the American Constitution to give his majority of indigents, illegals, felons, government workers, unions, and separatist ethnic groups the tyranny of a majority coalition. And once they have democratically elected their judges they can dispense with all the protections the American Constitution affords. America would no longer be a republic and a land governed by the law of the land. Instead it would become a democracy governed by the whims of the current elected majority. Under Obama's buddy Chavez of Venezuela, the critics of Chavez are imprisoned, flee the country, or simply are murdered in the streets. And we know Obama loves Chavez because Chavez was one of the first psychopaths Obama befriended when he defeated liberal Republican McCain.
American liberty and free enterprise bailed the world out of several economic panics, one FDR socialist Great Depression, several socialist European depressions, two world wars and many attempts of socialist atheistic and Moslem pirate and terrorist groups to slaughter innocents who did not agree with their ideology. Since America rose to world power there has not been another World War or socialist caused depression. Obama wants to scrap the individual freedom, liberty, and free enterprise precepts of the American Constitution for the time proven sick and depraved socialist system which has been the legacy of all the evil men and sick societies of time from Mohammed spreading lies by the sword to Hitler's Arian Race, to the killing fields of Cambodia and to the 911 Moslem terrorists. Obamacare and socialism would turn America into a cradle to grave government run feudal state much like they have in Indonesia and Nigeria Obama's childhood countries. Under Barack Hussein Obama's socialism it is not what you know and achieve that count, but what political organization you belong to and who you know that counts. Under Sadham Hussein if you did not support him he had you thrown off a roof or thrown in a vat of acid. Only the strict adherence to the checks and balances of the American constitution has protected Americans from sick charismatic dictatorial socialists taking over our government.
World Outlook
The Baltic Dry index measures the health of world trade. It has shown a serious decline in the last few months and that no doubt is why Jim Cramer has been ignoring it of late. It means world trade is slowing,
http://www.bloomberg.com/apps/cbuilder?ticker1=BDIY%3AIND
Economic Calendar
Finally American jobs are being created faster than they are being lost. See:
http://www.martincapital.com/chart-pgs/Pg_jobs.htm
However, below that chart is another chart that shows the high unemployment rate. What is not shown is that there are a greater percentage of Americans who have been unemployed now for more than a year than in any period since the Great Depression. That block of unemployed Americans will take a long time to re-absorb into the economy.
Monday, April 5:
ISM non manfg index
Pending home sales
Tuesday, April 6:
FOMC minutes
Wednesday, April 7:
Treasury 10-yr note auction
Thursday, April 8:
Unemployment claims
BOE rate announcement
ECB announcement
Friday, April 8:
Wholesale Trade Report
Market Outlook April 5
While the NYSE could be setting new highs this week the NYSE adjusted for volume being higher on recent declines than advances has to rise more than 3% just to reach the highs of last October and December. That implies the market is ready for its biggest correction since March 2009. It is likely to be focussed on specific stocks and sectors. The wannabe Ipods that did not make the cut are one area where sharp selling is likely. Sales of the tablets have also been hyped far beyond reason.
Obama and the democrat-socialists are setting the stage for short sellers of every breed to sweep in soon and attack American markets and currencies. The fact that George Soros funded the Obama campaign should have been enough cause for every American to vote against the Obama regime.
World Markets
Asian markets were up over night; Shanghai closed, Hong Kong closed, India up 1.4%, and Japan up 0.5%.
European markets are currently up in the range from 1% to 1.5 % this morning about half way through their day.
Today US pre-market futures are up in a range 0.4% to 0.5% at 8:30 AM EST.
We have noticed that the greatest impediment to stock market profits is a portfolio under $100,000. Beyond $100,000 the investor costs go down and diversification begins to work. Below $6000 it is almost impossible for an investor to make money other than in an index fund (at best) and that has performed close to a net zero for the last ten years (even ignoring trading commissions).
Thursday, April 1, 2010
Barack Hussein Obama trades American liberty for Moslem feudalism
Barack Hussein Obama trades American liberty for Moslem feudalism
American liberty and free enterprise bailed the world out of several economic panics, one FDR socialist Great Depression, several socialist European depressions, two world wars and many attempts of socialist atheistic and Moslem pirate and terrorist groups to slaughter innocents who did not agree with their ideology. Since America rose to world power there has not been another World War or socialist caused depression. Obama wants to scrap the individual freedom, liberty, and free enterprise precepts of the American Constitution for the time proven sick and depraved socialist system which has been the legacy of all the evil men and sick societies of time from Mohammed spreading lies by the sword to Hitler's Arian Race, to the killing fields of Cambodia and to the 911 Moslem terrorists. Obamacare and socialism would turn America into a cradle to grave government run feudal state much like they have in Indonesia and Nigeria Obama's childhood countries. Under Barack Hussein Obama's socialism it is not what you know and achieve that count, but what political organization you belong to and who you know that counts. Under Sadham Hussein if you did not support him he had you thrown off a roof or thrown in a vat of acid. Only the strict adherence to the checks and balances of the American constitution has protected Americans from sick charismatic dictatorial socialists taking over our government.
World Outlook
The Baltic Dry index measures the health of world trade. It has shown a serious decline in the last few months and that no doubt is why Jim Cramer has been ignoring it of late. It means world trade is slowing,
http://www.bloomberg.com/apps/cbuilder?ticker1=BDIY%3AIND
Markets
Personal Income did not increase in February but Spending was up 0.3%. Both were not as good as expected. Core deflation was zero. We need some inflation to stay out of a Great Depression.
The Conference Board’s confidence index rose to 52.5 from 46.4 in February but taken together looks flat and not improving at all.
http://www.martincapital.com/chart-pgs/Pg_conco.htm
On the bright side, retail sales have returned to normal and while car sales and new home sales are pathetic, that means that auto and housing stocks can still go a lot higher but retail stocks probably had their run.
http://www.martincapital.com/chart-pgs/Pg_sales.htm
Housing Price Index of 20 U.S. cities rose 0.3 percent in January after a similar gain in December. That is eight consecutive months of gains but there still is along way to go.
Markets this week
As manufacturing now begins to level off it is not a bad sign because it means we have recovered in that sector and manufacturing is beginning to approach capacity so they could begin hiring again very soon.
http://www.martincapital.com/chart-pgs/Pg_mnord.htm
Wednesday, March 31:
ADP Jobs report on non-farm private employment decreased 23,000 from February to March on a seasonally adjusted basis, according to the ADP National Employment Report. The estimated change of employment from January 2010 to February 2010 were also both revised 20% down, from a decline of 20,000 to a decline of 24,000.
Yesterday:
The March employment decline was the smallest since employment began falling in February of 2008 only because January and February were reduced 20% from as mentioned above. Without the revisions March would have been at least 15% worse than the previous two months. Lack of improvement in employment the first quarter is not consistent with the decline of initial unemployment claims that occurred during the winter that was due to people dropping off the unemployment compensation rolls. Chicago PM Index: The Institute for Supply Management-Chicago Inc. said that its business barometer fell to 58.8, lower than anticipated, from a February reading of 62.6 that was the highest since April 2005. Figures greater than 50 signal expansion. Orders placed with U.S. factories rose in February, while inventories and backlogs climbed by the most in more than a year, a Commerce Department reports showed today. Factory Orders increased slightly in March due to new factory orders.
Thursday, April 1:
Unemployment Claims
Layoff Report
ISM Manufacturing Index
Construction Spend
Market Outlook April 1
Obama and the democrat-socialists are setting the stage for short sellers of every breed to sweep in soon and attack American markets and currencies. The fact that George Soros funded the Obama campaign should have been enough cause for every American to vote against the Obama regime.
World Markets
Asian markets were up over night; Shanghai up 1.2%, Hong Kong up 1.4%, India up 0.9%, and Japan up 1.4%.
European markets are currently up in the range from 0.5 to 1.1 % this morning about half way through their day.
Today US pre-market futures are up in a range 0% to 0.4% at 8:00 AM EST.
We have noticed that the greatest impediment to stock market profits is a portfolio under $100,000. Beyond $100,000 the investor costs go down and diversification begins to work. Below $6000 it is almost impossible for an investor to make money other than in an index fund (at best) and that has performed close to a net zero for the last ten years (even ignoring trading commissions).
American liberty and free enterprise bailed the world out of several economic panics, one FDR socialist Great Depression, several socialist European depressions, two world wars and many attempts of socialist atheistic and Moslem pirate and terrorist groups to slaughter innocents who did not agree with their ideology. Since America rose to world power there has not been another World War or socialist caused depression. Obama wants to scrap the world freedom, liberty, and free enterprise precepts of the American Constitution to the time proven sick and depraved socialist system which has been the legacy of all the evil men and sick societies of time from Mohammed spreading lies by the sword to Hitler's Arian Race, to the killing fields of Cambodia and to 911. Obamacare and socialism would turn America into a cradle to grave government run feudal state like they have in Indonesia and Nigeria Obama's childhood countries. Under Barack Hussein Obama's socialism it is not what you know and achieve that count, but what political organization you belong to and who you know that accounts. Under Sadham Hussein if you did not support him he had you thrown off a roof or thrown in a vat of acid. Only the strict adherence to the checks and balances of the American constitution has protected Americans from dictatorial socialists taking over our government.
World Outlook
The Baltic Dry index measures the health of world trade. It has shown a serious decline in the last few months and that no doubt is why Jim Cramer has been ignoring it of late. It means world trade is slowing,
http://www.bloomberg.com/apps/cbuilder?ticker1=BDIY%3AIND
Markets
Personal Income did not increase in February but Spending was up 0.3%. Both were not as good as expected. Core deflation was zero. We need some inflation to stay out of a Great Depression.
The Conference Board’s confidence index rose to 52.5 from 46.4 in February but taken together looks flat and not improving at all.
http://www.martincapital.com/chart-pgs/Pg_conco.htm
On the bright side, retail sales have returned to normal and while car sales and new home sales are pathetic, that means that auto and housing stocks can still go a lot higher but retail stocks probably had their run.
http://www.martincapital.com/chart-pgs/Pg_sales.htm
Housing Price Index of 20 U.S. cities rose 0.3 percent in January after a similar gain in December. That is eight consecutive months of gains but there still is along way to go.
Markets this week
As manufacturing now begins to level off it is not a bad sign because it means we have recovered in that sector and manufacturing is beginning to approach capacity so they could begin hiring again very soon.
http://www.martincapital.com/chart-pgs/Pg_mnord.htm
Wednesday, March 31:
ADP Jobs report on non-farm private employment decreased 23,000 from February to March on a seasonally adjusted basis, according to the ADP National Employment Report. The estimated change of employment from January 2010 to February 2010 were also both revised 20% down, from a decline of 20,000 to a decline of 24,000.
Yesterday:
The March employment decline was the smallest since employment began falling in February of 2008 only because January and February were reduced 20% from as mentioned above. Without the revisions March would have been at least 15% worse than the previous two months. Lack of improvement in employment the first quarter is not consistent with the decline of initial unemployment claims that occurred during the winter that was due to people dropping off the unemployment compensation rolls. Chicago PM Index: The Institute for Supply Management-Chicago Inc. said that its business barometer fell to 58.8, lower than anticipated, from a February reading of 62.6 that was the highest since April 2005. Figures greater than 50 signal expansion. Orders placed with U.S. factories rose in February, while inventories and backlogs climbed by the most in more than a year, a Commerce Department reports showed today. Factory Orders increased slightly in March due to new factory orders.
Thursday, April 1:
Unemployment Claims
Layoff Report
ISM Manufacturing Index
Construction Spend
Market Outlook April 1
Obama and the democrat-socialists are setting the stage for short sellers of every breed to sweep in soon and attack American markets and currencies. The fact that George Soros funded the Obama campaign should have been enough cause for every American to vote against the Obama regime.
World Markets
Asian markets were up over night; Shanghai up 1.2%, Hong Kong up 1.4%, India up 0.9%, and Japan up 1.4%.
European markets are currently up in the range from 0.5 to 1.1 % this morning about half way through their day.
Today US pre-market futures are up in a range 0% to 0.4% at 8:00 AM EST.
We have noticed that the greatest impediment to stock market profits is a portfolio under $100,000. Beyond $100,000 the investor costs go down and diversification begins to work. Below $6000 it is almost impossible for an investor to make money other than in an index fund (at best) and that has performed close to a net zero for the last ten years (even ignoring trading commissions).
American liberty and free enterprise bailed the world out of several economic panics, one FDR socialist Great Depression, several socialist European depressions, two world wars and many attempts of socialist atheistic and Moslem pirate and terrorist groups to slaughter innocents who did not agree with their ideology. Since America rose to world power there has not been another World War or socialist caused depression. Obama wants to scrap the individual freedom, liberty, and free enterprise precepts of the American Constitution for the time proven sick and depraved socialist system which has been the legacy of all the evil men and sick societies of time from Mohammed spreading lies by the sword to Hitler's Arian Race, to the killing fields of Cambodia and to the 911 Moslem terrorists. Obamacare and socialism would turn America into a cradle to grave government run feudal state much like they have in Indonesia and Nigeria Obama's childhood countries. Under Barack Hussein Obama's socialism it is not what you know and achieve that count, but what political organization you belong to and who you know that counts. Under Sadham Hussein if you did not support him he had you thrown off a roof or thrown in a vat of acid. Only the strict adherence to the checks and balances of the American constitution has protected Americans from sick charismatic dictatorial socialists taking over our government.
World Outlook
The Baltic Dry index measures the health of world trade. It has shown a serious decline in the last few months and that no doubt is why Jim Cramer has been ignoring it of late. It means world trade is slowing,
http://www.bloomberg.com/apps/cbuilder?ticker1=BDIY%3AIND
Markets
Personal Income did not increase in February but Spending was up 0.3%. Both were not as good as expected. Core deflation was zero. We need some inflation to stay out of a Great Depression.
The Conference Board’s confidence index rose to 52.5 from 46.4 in February but taken together looks flat and not improving at all.
http://www.martincapital.com/chart-pgs/Pg_conco.htm
On the bright side, retail sales have returned to normal and while car sales and new home sales are pathetic, that means that auto and housing stocks can still go a lot higher but retail stocks probably had their run.
http://www.martincapital.com/chart-pgs/Pg_sales.htm
Housing Price Index of 20 U.S. cities rose 0.3 percent in January after a similar gain in December. That is eight consecutive months of gains but there still is along way to go.
Markets this week
As manufacturing now begins to level off it is not a bad sign because it means we have recovered in that sector and manufacturing is beginning to approach capacity so they could begin hiring again very soon.
http://www.martincapital.com/chart-pgs/Pg_mnord.htm
Wednesday, March 31:
ADP Jobs report on non-farm private employment decreased 23,000 from February to March on a seasonally adjusted basis, according to the ADP National Employment Report. The estimated change of employment from January 2010 to February 2010 were also both revised 20% down, from a decline of 20,000 to a decline of 24,000.
Yesterday:
The March employment decline was the smallest since employment began falling in February of 2008 only because January and February were reduced 20% from as mentioned above. Without the revisions March would have been at least 15% worse than the previous two months. Lack of improvement in employment the first quarter is not consistent with the decline of initial unemployment claims that occurred during the winter that was due to people dropping off the unemployment compensation rolls. Chicago PM Index: The Institute for Supply Management-Chicago Inc. said that its business barometer fell to 58.8, lower than anticipated, from a February reading of 62.6 that was the highest since April 2005. Figures greater than 50 signal expansion. Orders placed with U.S. factories rose in February, while inventories and backlogs climbed by the most in more than a year, a Commerce Department reports showed today. Factory Orders increased slightly in March due to new factory orders.
Thursday, April 1:
Unemployment Claims
Layoff Report
ISM Manufacturing Index
Construction Spend
Market Outlook April 1
Obama and the democrat-socialists are setting the stage for short sellers of every breed to sweep in soon and attack American markets and currencies. The fact that George Soros funded the Obama campaign should have been enough cause for every American to vote against the Obama regime.
World Markets
Asian markets were up over night; Shanghai up 1.2%, Hong Kong up 1.4%, India up 0.9%, and Japan up 1.4%.
European markets are currently up in the range from 0.5 to 1.1 % this morning about half way through their day.
Today US pre-market futures are up in a range 0% to 0.4% at 8:00 AM EST.
We have noticed that the greatest impediment to stock market profits is a portfolio under $100,000. Beyond $100,000 the investor costs go down and diversification begins to work. Below $6000 it is almost impossible for an investor to make money other than in an index fund (at best) and that has performed close to a net zero for the last ten years (even ignoring trading commissions).
American liberty and free enterprise bailed the world out of several economic panics, one FDR socialist Great Depression, several socialist European depressions, two world wars and many attempts of socialist atheistic and Moslem pirate and terrorist groups to slaughter innocents who did not agree with their ideology. Since America rose to world power there has not been another World War or socialist caused depression. Obama wants to scrap the world freedom, liberty, and free enterprise precepts of the American Constitution to the time proven sick and depraved socialist system which has been the legacy of all the evil men and sick societies of time from Mohammed spreading lies by the sword to Hitler's Arian Race, to the killing fields of Cambodia and to 911. Obamacare and socialism would turn America into a cradle to grave government run feudal state like they have in Indonesia and Nigeria Obama's childhood countries. Under Barack Hussein Obama's socialism it is not what you know and achieve that count, but what political organization you belong to and who you know that accounts. Under Sadham Hussein if you did not support him he had you thrown off a roof or thrown in a vat of acid. Only the strict adherence to the checks and balances of the American constitution has protected Americans from dictatorial socialists taking over our government.
World Outlook
The Baltic Dry index measures the health of world trade. It has shown a serious decline in the last few months and that no doubt is why Jim Cramer has been ignoring it of late. It means world trade is slowing,
http://www.bloomberg.com/apps/cbuilder?ticker1=BDIY%3AIND
Markets
Personal Income did not increase in February but Spending was up 0.3%. Both were not as good as expected. Core deflation was zero. We need some inflation to stay out of a Great Depression.
The Conference Board’s confidence index rose to 52.5 from 46.4 in February but taken together looks flat and not improving at all.
http://www.martincapital.com/chart-pgs/Pg_conco.htm
On the bright side, retail sales have returned to normal and while car sales and new home sales are pathetic, that means that auto and housing stocks can still go a lot higher but retail stocks probably had their run.
http://www.martincapital.com/chart-pgs/Pg_sales.htm
Housing Price Index of 20 U.S. cities rose 0.3 percent in January after a similar gain in December. That is eight consecutive months of gains but there still is along way to go.
Markets this week
As manufacturing now begins to level off it is not a bad sign because it means we have recovered in that sector and manufacturing is beginning to approach capacity so they could begin hiring again very soon.
http://www.martincapital.com/chart-pgs/Pg_mnord.htm
Wednesday, March 31:
ADP Jobs report on non-farm private employment decreased 23,000 from February to March on a seasonally adjusted basis, according to the ADP National Employment Report. The estimated change of employment from January 2010 to February 2010 were also both revised 20% down, from a decline of 20,000 to a decline of 24,000.
Yesterday:
The March employment decline was the smallest since employment began falling in February of 2008 only because January and February were reduced 20% from as mentioned above. Without the revisions March would have been at least 15% worse than the previous two months. Lack of improvement in employment the first quarter is not consistent with the decline of initial unemployment claims that occurred during the winter that was due to people dropping off the unemployment compensation rolls. Chicago PM Index: The Institute for Supply Management-Chicago Inc. said that its business barometer fell to 58.8, lower than anticipated, from a February reading of 62.6 that was the highest since April 2005. Figures greater than 50 signal expansion. Orders placed with U.S. factories rose in February, while inventories and backlogs climbed by the most in more than a year, a Commerce Department reports showed today. Factory Orders increased slightly in March due to new factory orders.
Thursday, April 1:
Unemployment Claims
Layoff Report
ISM Manufacturing Index
Construction Spend
Market Outlook April 1
Obama and the democrat-socialists are setting the stage for short sellers of every breed to sweep in soon and attack American markets and currencies. The fact that George Soros funded the Obama campaign should have been enough cause for every American to vote against the Obama regime.
World Markets
Asian markets were up over night; Shanghai up 1.2%, Hong Kong up 1.4%, India up 0.9%, and Japan up 1.4%.
European markets are currently up in the range from 0.5 to 1.1 % this morning about half way through their day.
Today US pre-market futures are up in a range 0% to 0.4% at 8:00 AM EST.
We have noticed that the greatest impediment to stock market profits is a portfolio under $100,000. Beyond $100,000 the investor costs go down and diversification begins to work. Below $6000 it is almost impossible for an investor to make money other than in an index fund (at best) and that has performed close to a net zero for the last ten years (even ignoring trading commissions).
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