World Outlook
Greece continues down the path of insolvency, as creditors demand higher and higher interest rates because Greek politicians ignorantly continue high deficit spending. It is the same policy the Obama socialist administration is following only we have had much smarter presidents and economic advisors in the past so we are about five years behind Greece but on the same path. However Americans will likely make major political changes this year and in three years. Hopefully Obama will get his wish being a famously notorious first socialist president of the United States and serve just one term. If not we can look forward to at least ten years of economic depression.
Market Week Reports:
Existing Home Sales were down a record 17% but the average existing home price rose 1% indicating deflation may be over.
Home prices and consumer confidence in the U.S. climbed indicating the economy is headed toward recovery and credit tightening could begin any time.
The S&P/Case-Shiller overall national home-price index increased 0.2 percent in November, the sixth consecutive gain. Home values since May have regained about one 10th of the record 32 percent plunge over the past three years and have much ground to make up.
The Conference Board’s confidence gauge rose this month to the highest level in more than a year 55.9% from 53.9% last month. It was over 140% when Bush took office and 110% when Obama was elected. It dropped to 885 after the 911 attack.
.
New Home Sales: Ending for the worst year for housing since World War II, sales of new U.S. homes fell 6.5% in December to a seasonally adjusted annual rate of 342,000 after falling 9.3% in November to 370,000 the Commerce Department said Wednesday. It was the lowest seasonally adjusted new home sales pace since March.
FOMC: The FED decided to hold interest rates near zero for another six weeks when they meet again. However one member disagreed this time and wanted to raise rates.
Yesterday
470,000 more Americans filed for initial unemployment insurance in the week ended Jan. 23, after an enormous revised 478,000 filed the previous week according to the Labor Department. The 4-week moving average of initial claims was 456,250, up 9,500 from the previous week's revised average of 446,750. This is seven times higher than the highest rates seen when the Obama political campaign machine ignorantly proclaimed that Bush had put us in a depression and about six months before Senator Dodd began destabilizing our banks by leaking confidential Senate Banking Committee reports on troubled banks. The cause of the bank failures was due to Senators Rangle and Dodd forcing banks to give loans to indigents with no income under the Senate Banking Committee threat of being accused of redlining and thereby being restricted from offering FHA loans.
US durable goods orders rose slightly in December (0.3 percent) after two consecutive months of declines, the Commerce Department reported.
Friday, Jan. 29:
GDP
Chicago PM Index
Consumer Sentiment
Market forces January 28, 2010
We remain 75% out of the market but are setting price targets for buying. Jim Cramer was visibly panicky last night as he recommended put off purchasing stocks. The NYSE is within 3% of breaking through the neck of a head and shoulders sell signal. When adjusting for low volume on market advances and higher volume on declines we are within 0.4% of that market breakdown.
The longer the FED waits to take action to slow inflation the more difficult it will be to control and the longer and more severe the FED contraction will ultimately be.
Investors are now moving out of American equities that depend heavily on China for much of their revenues. All stocks dependent on China will likely be much more adversely affected by China's cooling off period than China itself will be effected. But yesterday the market began discounting Jim Cramer type technical stock hype and tech stocks fell precipitously.
Asian markets were up over night; Shanghai down -0.2%, Hong Kong down -1.2%, India up 0.3%, and Japan down -2.1%.
European markets are up slightly with the average in a range from 0.1% to 0.3% this morning about half way through their day.
US pre-market futures are up again about 0.7% today at 9:00 AM EST.
American morning futures and European markets are not reliable predictors when market volume is so low. But they do tell which way speculators are leaning.
Friday, January 29, 2010
Monday, January 25, 2010
Americans are united and against oink-oink bonuses for profits that were the direct result of the infusing of taxpayers cash.
American taxpayers say give back our money you self deluded bank executives. You lost your money and we want ours back now! We gave you that money by loaning you your reserves and then paying you more interest on it than you paid back. Every dime you made was taxpayer largess you ingrates! You did not earn any bonus this past year you self serving banker pigs.
Goldman Sachs Group Inc., Morgan Stanley and JPMorgan Chase & Co.’s investment bank just now reduced their compensation in the fourth quarter, responding to political pressure that will probably persist as details of bonuses for their top executives emerge.
World Outlook
The likelihood of a surge in new mortgage losses and credit difficulties is high. Few reforms have been enacted that would make a second wave of difficulties any different from the first wave. China continues to put the brakes on their economy having a depressing effect on world commodities. That also means they have less cash to buy US treasuries and rates can be expected to begin to rise in the free world as well. Higher rates cause without recovery is stagflation and the Jimmy Carter type malaise and inflation of the late 1970's.
Market Week Reports:
Monday, Jan. 25
Existing Home Sales 10am
Tuesday, Jan. 26
Home Price Index.
Consumer Confidence
Wednesday, Jan. 27
New Home Sales
FOMC
Thursday, Jan. 28
Unemployment Claims
Durable Goods Orders
Friday, Jan. 29:
GDP
Chicago PM Index
Consumer Sentiment
Market forces January 25, 2010
Bank of Japan policy makers are prepared to expand an emergency-loan program for banks and increasing purchases of government debt should the recovery falter, people with knowledge of the matter said. FDR's leftist policies also failed and spun America into the Great Depression after what first looked like a stock market recovery. The stock market dropped then to a new low and FDR then dropped his leftist advisors. At the time of the Great Depression communism was on the rise abroad and in American universities so we can excuse FDR for his early leftist failures. But today communism has been proven a complete failure and a pox on human civilization so Obama has no excuse for his failing socialist economic policies. China is doing well at the moment because for the first time they are allowing their people economic freedoms that Americans have enjoyed for 275 years. If China ends those freedoms China will likely have a very bloody revolution that will end their totalitarian regime.
If Trim Tabs was correct in their evidence that the Obama administration may have floated the stock market to stabilize world markets, then an angry Obama has the power to cut off that money if Wall Street refuses to continue to accede to his demands. But the billions of Wall Street dollars that floated the lunatic left into office in 2008 turned to a trickle in Massachusetts this week and swept Senator Brown into office. Obama could drive the markets to their old lows again. After all the Washington leftist lunatics tried and almost succeeded in causing a Great Depression again in 2008, Obama may now succeed in 2010.
First Senator Rangle and Dodd destabilized the mortgage industry in 2005 by calling banks racist if they refused to give home mortgages to people who cannot afford them.
Second the Obama campaign called the recession a Great Depression in 2008 when it most certainly was only a mild recession to start a panic and make the Bush administration look inept.
Then Senator Dodd in mid 2008 leaked the names of a few banks that had gone insolvent due to people with 125% mortgages walking away with the 25% cash they got and caused the first runs on American banks.
We remain 90% out of the market. January’s rally in Treasuries appears fleeting, as options traders bet on more volatility in bonds and waning volatility in stocks. That is a harbinger of higher FED interest rates and higher inflation. Stagflation caused stocks to move sideways under Jimmy Carter.
Asian markets were down again over night; Shanghai down -1.1%, Hong Kong down -0.6%, India down -0.5%, and Japan down -0.7%.
European markets are down again with the average in a range from -0.2% to-0.5% this morning about half way through their day.
US pre-market futures are up at about 0.7% today at 7:30 AM EST. American morning futures are not too reliable.
Goldman Sachs Group Inc., Morgan Stanley and JPMorgan Chase & Co.’s investment bank just now reduced their compensation in the fourth quarter, responding to political pressure that will probably persist as details of bonuses for their top executives emerge.
World Outlook
The likelihood of a surge in new mortgage losses and credit difficulties is high. Few reforms have been enacted that would make a second wave of difficulties any different from the first wave. China continues to put the brakes on their economy having a depressing effect on world commodities. That also means they have less cash to buy US treasuries and rates can be expected to begin to rise in the free world as well. Higher rates cause without recovery is stagflation and the Jimmy Carter type malaise and inflation of the late 1970's.
Market Week Reports:
Monday, Jan. 25
Existing Home Sales 10am
Tuesday, Jan. 26
Home Price Index.
Consumer Confidence
Wednesday, Jan. 27
New Home Sales
FOMC
Thursday, Jan. 28
Unemployment Claims
Durable Goods Orders
Friday, Jan. 29:
GDP
Chicago PM Index
Consumer Sentiment
Market forces January 25, 2010
Bank of Japan policy makers are prepared to expand an emergency-loan program for banks and increasing purchases of government debt should the recovery falter, people with knowledge of the matter said. FDR's leftist policies also failed and spun America into the Great Depression after what first looked like a stock market recovery. The stock market dropped then to a new low and FDR then dropped his leftist advisors. At the time of the Great Depression communism was on the rise abroad and in American universities so we can excuse FDR for his early leftist failures. But today communism has been proven a complete failure and a pox on human civilization so Obama has no excuse for his failing socialist economic policies. China is doing well at the moment because for the first time they are allowing their people economic freedoms that Americans have enjoyed for 275 years. If China ends those freedoms China will likely have a very bloody revolution that will end their totalitarian regime.
If Trim Tabs was correct in their evidence that the Obama administration may have floated the stock market to stabilize world markets, then an angry Obama has the power to cut off that money if Wall Street refuses to continue to accede to his demands. But the billions of Wall Street dollars that floated the lunatic left into office in 2008 turned to a trickle in Massachusetts this week and swept Senator Brown into office. Obama could drive the markets to their old lows again. After all the Washington leftist lunatics tried and almost succeeded in causing a Great Depression again in 2008, Obama may now succeed in 2010.
First Senator Rangle and Dodd destabilized the mortgage industry in 2005 by calling banks racist if they refused to give home mortgages to people who cannot afford them.
Second the Obama campaign called the recession a Great Depression in 2008 when it most certainly was only a mild recession to start a panic and make the Bush administration look inept.
Then Senator Dodd in mid 2008 leaked the names of a few banks that had gone insolvent due to people with 125% mortgages walking away with the 25% cash they got and caused the first runs on American banks.
We remain 90% out of the market. January’s rally in Treasuries appears fleeting, as options traders bet on more volatility in bonds and waning volatility in stocks. That is a harbinger of higher FED interest rates and higher inflation. Stagflation caused stocks to move sideways under Jimmy Carter.
Asian markets were down again over night; Shanghai down -1.1%, Hong Kong down -0.6%, India down -0.5%, and Japan down -0.7%.
European markets are down again with the average in a range from -0.2% to-0.5% this morning about half way through their day.
US pre-market futures are up at about 0.7% today at 7:30 AM EST. American morning futures are not too reliable.
Friday, January 22, 2010
Socialist and communist and other lunatic leftists of the world are united.
Goldman Sachs Group said Thursday it earned $4.79 billion in the fourth quarter — a windfall that came in part from slashing its obscene bonus package in response to American public pressure over their Marie Antoinette cake obsession. The Obama administration thinks Goldman's profits in 2008 and 2009 were analogous to Goldman selling poison to children in aspirin bottles and then taking life insurance out on the children. The insurance is what paid off handsomely. The poison sent the American economy to the hospital
The Obama administration threatens to use a lead pipe on Goldman and the rest of the financial system if necessary to break it up. The socialists in London said on the BBC that they love that idea and wish they thought of it first. They say being in a socialist government is like being in an orchestra. They all have to be in tune and follow the leader or it sounds terrible. Among the issues causing a cacophony in Europe is health care. But it isn't the Obama administration at fault. No the BBC thinks Obama is right and the American people are just country bumpkins. No the BBC today is attacking Ms. Merkle, the leader in Germany who is not behaving like a good national socialist and is looking for ways to help the taxpayers… you know the ones who still bring home the bacon that keeps the socialist parasites and communist maggots alive.
The BBC showed today that Hilary Clinton, the American Secretary of State, does not sing on tune either with communist maggots. The Chinese Communists think she has a lot of nerve saying that China will be cut off from freedom and prosperity if they continue to hack in like criminals to steal information from competitors and get information on dissidents so that they can legally shoot their dissidents according to the law of the jungle which they call their solemn communist obligation. It is apparently ok for communists and other National socialists (Nazi's) to tell their big lies about success as long as other sovereign states do not criticize their lunatic leftist leaders. Criticism of communist arrogance and stupidity and insanity and instability, and insecurity, and oppression ist verbotten!
American liberty is far better than socialism, or communism, or the other lunatic asylums and rehabs that wealthy airheads adore and think are what government is for.
World Outlook
China continues to react to 20% real estate inflation in industrial cities by putting the brakes on their economy. That means they will have less cash to buy US treasuries and rates may begin to rise in the free world as well.
Market Week Reports:
Housing Market Index: Builder confidence in the market for newly built, single-family homes declined another point to 15 in January on continuing concerns about the poor job market and large number of foreclosed homes for sale, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI).
Citigroup Inc. posted a $7.6 billion net loss in the fourth quarter as its investment bank missed out on the deluge of virtually free money the socialists have been throwing away.
The euro hit five-month lows against both the dollar and sterling on Wednesday as the European currency broke decisively below a key support level.
New Housing Starts fell in December, government data showed Wednesday, to an annual rate of 557,000 during the month, down 4% from the downward revised November rate of 580,000, the Commerce Department said.
The Producer Price Index for Finished Goods moved up 0.2 percent in December, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This rise followed a 1.8-percent advance in November and a 0.3-percent increase in October. Prices for finished goods advanced 4.4 percent in 2009, after falling 0.9 percent in 2008. For the last quarter of 2009 prices increased 2.3% or at an annual rate of 9.2%.
Yesterday
The number of Americans filing first-time claims for unemployment insurance surged to a 2-month high last week. There were 482,000 initial job claims filed in the week ended Jan. 16, up 36,000 from an upward revised 446,000 the previous week, the Labor Department said in its weekly report.
The Conference Board Leading Economic Index™ (LEI) for the U.S. increased 1.1 percent in December, following a 1.0 percent gain in November, and a 0.3 percent rise in October. The stock market correlates with this.
The unemployment rate correlates with the Conference Board Lagging Economic Index™ (LAG) which declined 0.2 percent in December, following a 0.5 percent decline in November, and a 0.2 percent decline in October.
Friday, Jan. 22:
No reports today
Market forces January 22, 2010
If Trim Tabs was correct in their evidence that the Obama administration may have floated the stock market to stabilize world markets, then an angry Obama has the power to cut off that money if Wall Street refuses to continue to accede to his demands. But the billions of Wall Street dollars that floated the lunatic left into office in 2008 turned to a trickle in Massachusetts this week and instead swept Senator Brown into office on Tuesday past. That is a dicey game to play and Obama could drive the markets to their old lows again. After all the Washington leftist lunatics tried and almost succeeded in causing a Great Depression in 2008 in order to take power.
We remain 90% out of the market. It is time to begin researching new bargains.
Asian markets were down sharply again over night; Shanghai down -1%, Hong Kong down -0.7%, India down -1.1%, and Japan down -2.6%.
European markets are down again with the average in a range from -0.9% to-1.2% this morning about half way through their day.
US pre-market futures are down at about -0.3% today at 8:30 AM EST. American morning futures are not too reliable.
The Obama administration threatens to use a lead pipe on Goldman and the rest of the financial system if necessary to break it up. The socialists in London said on the BBC that they love that idea and wish they thought of it first. They say being in a socialist government is like being in an orchestra. They all have to be in tune and follow the leader or it sounds terrible. Among the issues causing a cacophony in Europe is health care. But it isn't the Obama administration at fault. No the BBC thinks Obama is right and the American people are just country bumpkins. No the BBC today is attacking Ms. Merkle, the leader in Germany who is not behaving like a good national socialist and is looking for ways to help the taxpayers… you know the ones who still bring home the bacon that keeps the socialist parasites and communist maggots alive.
The BBC showed today that Hilary Clinton, the American Secretary of State, does not sing on tune either with communist maggots. The Chinese Communists think she has a lot of nerve saying that China will be cut off from freedom and prosperity if they continue to hack in like criminals to steal information from competitors and get information on dissidents so that they can legally shoot their dissidents according to the law of the jungle which they call their solemn communist obligation. It is apparently ok for communists and other National socialists (Nazi's) to tell their big lies about success as long as other sovereign states do not criticize their lunatic leftist leaders. Criticism of communist arrogance and stupidity and insanity and instability, and insecurity, and oppression ist verbotten!
American liberty is far better than socialism, or communism, or the other lunatic asylums and rehabs that wealthy airheads adore and think are what government is for.
World Outlook
China continues to react to 20% real estate inflation in industrial cities by putting the brakes on their economy. That means they will have less cash to buy US treasuries and rates may begin to rise in the free world as well.
Market Week Reports:
Housing Market Index: Builder confidence in the market for newly built, single-family homes declined another point to 15 in January on continuing concerns about the poor job market and large number of foreclosed homes for sale, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI).
Citigroup Inc. posted a $7.6 billion net loss in the fourth quarter as its investment bank missed out on the deluge of virtually free money the socialists have been throwing away.
The euro hit five-month lows against both the dollar and sterling on Wednesday as the European currency broke decisively below a key support level.
New Housing Starts fell in December, government data showed Wednesday, to an annual rate of 557,000 during the month, down 4% from the downward revised November rate of 580,000, the Commerce Department said.
The Producer Price Index for Finished Goods moved up 0.2 percent in December, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This rise followed a 1.8-percent advance in November and a 0.3-percent increase in October. Prices for finished goods advanced 4.4 percent in 2009, after falling 0.9 percent in 2008. For the last quarter of 2009 prices increased 2.3% or at an annual rate of 9.2%.
Yesterday
The number of Americans filing first-time claims for unemployment insurance surged to a 2-month high last week. There were 482,000 initial job claims filed in the week ended Jan. 16, up 36,000 from an upward revised 446,000 the previous week, the Labor Department said in its weekly report.
The Conference Board Leading Economic Index™ (LEI) for the U.S. increased 1.1 percent in December, following a 1.0 percent gain in November, and a 0.3 percent rise in October. The stock market correlates with this.
The unemployment rate correlates with the Conference Board Lagging Economic Index™ (LAG) which declined 0.2 percent in December, following a 0.5 percent decline in November, and a 0.2 percent decline in October.
Friday, Jan. 22:
No reports today
Market forces January 22, 2010
If Trim Tabs was correct in their evidence that the Obama administration may have floated the stock market to stabilize world markets, then an angry Obama has the power to cut off that money if Wall Street refuses to continue to accede to his demands. But the billions of Wall Street dollars that floated the lunatic left into office in 2008 turned to a trickle in Massachusetts this week and instead swept Senator Brown into office on Tuesday past. That is a dicey game to play and Obama could drive the markets to their old lows again. After all the Washington leftist lunatics tried and almost succeeded in causing a Great Depression in 2008 in order to take power.
We remain 90% out of the market. It is time to begin researching new bargains.
Asian markets were down sharply again over night; Shanghai down -1%, Hong Kong down -0.7%, India down -1.1%, and Japan down -2.6%.
European markets are down again with the average in a range from -0.9% to-1.2% this morning about half way through their day.
US pre-market futures are down at about -0.3% today at 8:30 AM EST. American morning futures are not too reliable.
Thursday, January 21, 2010
Emerging Stocks Fall, Erasing 2010 Gains, as Asset Bubble Concern Grows.
We said the Emerging market in Asia was peaking last August and was flat the rest of the year. Only now do the news media report that investors were returning to American stocks just as the American markets begin to decline. The news remains 50% wrong in calling turning points, which is the equivalent of flipping a coin.
For the last quarter of 2009 prices increased 2.3% or at an annual rate of 9.2%.
World Outlook
Brazil’s Finance Ministry joins China in considering anti-inflationary measures O Estado de S. Paulo reported, citing unnamed government officials. China's real estate prices were rising at 20% per year in recent reports. That resembles the Japanese bubble in 1990 just as Japan's bubble burst.
Market Week Reports:
Housing Market Index: Builder confidence in the market for newly built, single-family homes declined another point to 15 in January on continuing concerns about the poor job market and large number of foreclosed homes for sale, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI).
Citigroup Inc. posted a $7.6 billion net loss in the fourth quarter as its investment bank missed out on the deluge of virtually free money the socialists have been throwing away.
The euro hit five-month lows against both the dollar and sterling on Wednesday as the European currency broke decisively below a key support level.
Yesterday
New Housing Starts fell in December, government data showed Wednesday, to an annual rate of 557,000 during the month, down 4% from the downward revised November rate of 580,000, the Commerce Department said.
The Producer Price Index for Finished Goods moved up 0.2 percent in December, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This rise followed a 1.8-percent advance in November and a 0.3-percent increase in October. Prices for finished goods advanced 4.4 percent in 2009, after falling 0.9 percent in 2008. For the last quarter of 2009 prices increased 2.3% or at an annual rate of 9.2%.
Thursday, Jan. 21:
The number of Americans filing first-time claims for unemployment insurance surged to a 2-month high last week. There were 482,000 initial job claims filed in the week ended Jan. 16, up 36,000 from an upward revised 446,000 the previous week, the Labor Department said in its weekly report.
Leading Economic Indicators
Friday, Jan. 22:
No reports
Market forces January 21, 2010
We remain 90% out of the market.
Asian markets were down sharply again over night; Shanghai down -2%, Hong Kong down -2%, India down -2.4%, and Japan up 1.2%.
European markets are flat with the average in a range from 0.3% to-0.6% this morning about half way through their day.
US pre-market futures are up at about 0.3% today at 9:00 AM EST. American morning futures are not too reliable.
For the last quarter of 2009 prices increased 2.3% or at an annual rate of 9.2%.
World Outlook
Brazil’s Finance Ministry joins China in considering anti-inflationary measures O Estado de S. Paulo reported, citing unnamed government officials. China's real estate prices were rising at 20% per year in recent reports. That resembles the Japanese bubble in 1990 just as Japan's bubble burst.
Market Week Reports:
Housing Market Index: Builder confidence in the market for newly built, single-family homes declined another point to 15 in January on continuing concerns about the poor job market and large number of foreclosed homes for sale, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI).
Citigroup Inc. posted a $7.6 billion net loss in the fourth quarter as its investment bank missed out on the deluge of virtually free money the socialists have been throwing away.
The euro hit five-month lows against both the dollar and sterling on Wednesday as the European currency broke decisively below a key support level.
Yesterday
New Housing Starts fell in December, government data showed Wednesday, to an annual rate of 557,000 during the month, down 4% from the downward revised November rate of 580,000, the Commerce Department said.
The Producer Price Index for Finished Goods moved up 0.2 percent in December, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This rise followed a 1.8-percent advance in November and a 0.3-percent increase in October. Prices for finished goods advanced 4.4 percent in 2009, after falling 0.9 percent in 2008. For the last quarter of 2009 prices increased 2.3% or at an annual rate of 9.2%.
Thursday, Jan. 21:
The number of Americans filing first-time claims for unemployment insurance surged to a 2-month high last week. There were 482,000 initial job claims filed in the week ended Jan. 16, up 36,000 from an upward revised 446,000 the previous week, the Labor Department said in its weekly report.
Leading Economic Indicators
Friday, Jan. 22:
No reports
Market forces January 21, 2010
We remain 90% out of the market.
Asian markets were down sharply again over night; Shanghai down -2%, Hong Kong down -2%, India down -2.4%, and Japan up 1.2%.
European markets are flat with the average in a range from 0.3% to-0.6% this morning about half way through their day.
US pre-market futures are up at about 0.3% today at 9:00 AM EST. American morning futures are not too reliable.
Wednesday, January 20, 2010
Scott Brown defeats the Obama socialist Martha Coakley.
Scott Brown won the open Massachusetts Senate seat.
Jim Cramer was elated again yesterday in anticipation that the Obama leftists would be handed a resounding defeat. The market, which rises in anticipation of good news usually declines on the announcement of the good news. The old adage is to buy on rumor and sell on the news.
Hypocrite Obama said last year that those who seek to silence dissent had been defeated but then he immediately tried to silence Americans who disdain communist and socialist demagogues. He proved that the repressors of dissent had in fact just been elected to the executive branch of the American government. He showed now he is deaf to all but the socialist parasites and communist maggots of the left. It took the sight of those maggots for Americans to realize that the Obama's critics had assessed him correctly from the very beginning. He wants to profane American democracy by building a voting plurality from people with no work ethic and potheads in coalition of affluent leftist airheads. Together with Obama they can legally steal from the Americans who still support American liberties, the American work ethic, and English as America's national language.
Even the EU has chosen English as the common language of an integrated Europe. Most of the world has chosen English as the language of Business. But in America the leftist air heads that hated their parents but love their inherited wealth do not have enough smarts to realize that not knowing English is a handicap almost anywhere in the world not just in America. But the leftists who exploit these groups know very well that not knowing English in a business world that speaks English is a major handicap… almost as bad as being a rich air head.
Stalinist and Nationalist Socialist democracies that can deliver the plurality at the voting booth have been a pox on human civilization. Hitler and Stalin won every election and murdered millions of innocents as a result. Husein's last election in Iraq won him 98% of the vote even though our soldiers discovered that he was quietly dissolved his live enemies in vats of acid. Barack Hussein Obama still does not even think or talk like a true American. That is why so many people still think he is an illegal Indonesian Muslim resident.
World Outlook
Two key executives of Baidu, China's corporate version of Google, resigned indicating that Chinese communists were behind the cyber attacks on Google and 30 other major corporations. If the Chinese government had not been behind the attacks the Chinese government would have just put bullets in the heads of the Chinese executives that organized the attacks.
Market Week Reports:
Yesterday
Housing Market Index: Builder confidence in the market for newly built, single-family homes declined another point to 15 in January on continuing concerns about the poor job market and large number of foreclosed homes for sale, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI).
Citigroup Inc. posted a $7.6 billion net loss in the fourth quarter as its investment bank missed out on the deluge of virtually free money the socialists have been throwing away.
The euro hit five-month lows against both the dollar and sterling on Wednesday as the European currency broke decisively below a key support level.
Wednesday, Jan. 20:
New Housing Starts
Producer Price Index
Thursday, Jan. 21:
Unemployment Claims
Leading Economic Indicators
Friday, Jan. 22:
No reports
Market forces January 20, 2010
Americans are very concerned that Obama and Congress continue to throw money at ACORN, labor unions, state and federal employees, welfare and unemployed while increasing taxes on every organization capable of creating jobs and value. It is time to up the pressure on people finding jobs. It is time to lower the minimum wage. The 60-Minutes show reported on Sunday that the American island of Samoa just lost a critical cannery and may lose it's last cannery due to the minimum wage law. In some places the cost of living is a lot lower and it makes no sense to impose in Samoa the minimum wage required in Boston or Hollywood. But that is what the leftist airheads think is best for Samoa. Americans are concerned the Obama administration incompetence is doing serious damage to the infrastructure of the American Economy by taxing the American work ethic and expanding welfare and unionization featherbedding and favoritism.
Asian markets were down over night; Shanghai down 3%, Hong Kong down 1.8%, India down -0.1%, and Japan down -0.3%.
European markets are down with the average in a range from -0.4% to -0.7% this morning about half way through their day.
US pre-market futures are down at about -0.4% today at 8:00 AM EST. Of course yesterday it was down -0.2% at the start and up 1.2% at the end. American morning futures are not too reliable.
Jim Cramer was elated again yesterday in anticipation that the Obama leftists would be handed a resounding defeat. The market, which rises in anticipation of good news usually declines on the announcement of the good news. The old adage is to buy on rumor and sell on the news.
Hypocrite Obama said last year that those who seek to silence dissent had been defeated but then he immediately tried to silence Americans who disdain communist and socialist demagogues. He proved that the repressors of dissent had in fact just been elected to the executive branch of the American government. He showed now he is deaf to all but the socialist parasites and communist maggots of the left. It took the sight of those maggots for Americans to realize that the Obama's critics had assessed him correctly from the very beginning. He wants to profane American democracy by building a voting plurality from people with no work ethic and potheads in coalition of affluent leftist airheads. Together with Obama they can legally steal from the Americans who still support American liberties, the American work ethic, and English as America's national language.
Even the EU has chosen English as the common language of an integrated Europe. Most of the world has chosen English as the language of Business. But in America the leftist air heads that hated their parents but love their inherited wealth do not have enough smarts to realize that not knowing English is a handicap almost anywhere in the world not just in America. But the leftists who exploit these groups know very well that not knowing English in a business world that speaks English is a major handicap… almost as bad as being a rich air head.
Stalinist and Nationalist Socialist democracies that can deliver the plurality at the voting booth have been a pox on human civilization. Hitler and Stalin won every election and murdered millions of innocents as a result. Husein's last election in Iraq won him 98% of the vote even though our soldiers discovered that he was quietly dissolved his live enemies in vats of acid. Barack Hussein Obama still does not even think or talk like a true American. That is why so many people still think he is an illegal Indonesian Muslim resident.
World Outlook
Two key executives of Baidu, China's corporate version of Google, resigned indicating that Chinese communists were behind the cyber attacks on Google and 30 other major corporations. If the Chinese government had not been behind the attacks the Chinese government would have just put bullets in the heads of the Chinese executives that organized the attacks.
Market Week Reports:
Yesterday
Housing Market Index: Builder confidence in the market for newly built, single-family homes declined another point to 15 in January on continuing concerns about the poor job market and large number of foreclosed homes for sale, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI).
Citigroup Inc. posted a $7.6 billion net loss in the fourth quarter as its investment bank missed out on the deluge of virtually free money the socialists have been throwing away.
The euro hit five-month lows against both the dollar and sterling on Wednesday as the European currency broke decisively below a key support level.
Wednesday, Jan. 20:
New Housing Starts
Producer Price Index
Thursday, Jan. 21:
Unemployment Claims
Leading Economic Indicators
Friday, Jan. 22:
No reports
Market forces January 20, 2010
Americans are very concerned that Obama and Congress continue to throw money at ACORN, labor unions, state and federal employees, welfare and unemployed while increasing taxes on every organization capable of creating jobs and value. It is time to up the pressure on people finding jobs. It is time to lower the minimum wage. The 60-Minutes show reported on Sunday that the American island of Samoa just lost a critical cannery and may lose it's last cannery due to the minimum wage law. In some places the cost of living is a lot lower and it makes no sense to impose in Samoa the minimum wage required in Boston or Hollywood. But that is what the leftist airheads think is best for Samoa. Americans are concerned the Obama administration incompetence is doing serious damage to the infrastructure of the American Economy by taxing the American work ethic and expanding welfare and unionization featherbedding and favoritism.
Asian markets were down over night; Shanghai down 3%, Hong Kong down 1.8%, India down -0.1%, and Japan down -0.3%.
European markets are down with the average in a range from -0.4% to -0.7% this morning about half way through their day.
US pre-market futures are down at about -0.4% today at 8:00 AM EST. Of course yesterday it was down -0.2% at the start and up 1.2% at the end. American morning futures are not too reliable.
Tuesday, January 19, 2010
Jim Cramer predicts a Wall Street rally tomorrow if Martha Coakley is defeated today.
On Friday, Jim Cramer said the Obama administration was taking America to the left of Communist China more towards the old Soviet Union. He said the defeat of Martha Coakley's Senate bid in Massachusetts would help unwind all the damage to the American free enterprise economy that that Obama is inflicting.
But we think that rally will be short lived because the leftists will then strive to destroy the economy from within while they still have a chance. A sharp increase in rates would send the market down until the House of Congress is replaced… the Republicans who are secretly Democrats as well as Democrats who are secretly National Socialists or the Worker's Family Party communists.
World Outlook
The central banks of China and Taiwan tightened policy again today to drain money from the banking system, intensifying efforts in Asia to head off inflation and cool any asset bubbles. Only a week after raising bank reserve ratio requirements for the first time since June 2008, the People's Bank of China (PBOC) lifted the auction yield on one-year bills in its regular open market operation for a second week in a row, and by more than expected. Asia is becoming more capitalist and hence more successful than the leftist Obama administration.
Under Mao Communism the slogan has been, "No Work then no eat."
Under Obama-Acorn style Communism the slogan is, "No work ethic, no English, no citizenship necessary… cause you get entitlements if you keep us in power!"
Market Week Reports:
Tuesday, Jan. 19:
Housing Market Index
Citicorp report
Wednesday, Jan. 20:
New Housing Starts
Producer Price Index
Thursday, Jan. 21:
Unemployment Claims
Leading Economic Indicators
Friday, Jan. 22:
No reports
Market forces January 19, 2010
Google will withhold their latest Android technology from China in response to Chinese persecution of people who yearn for Reagan type American freedom just as most Americans do.
In the wake of the steepest drop in their tax receipts in half a century, leftist American governors and legislators are wrestling with slashing hiking taxes in order to close an estimated $21.9 billion collective budget gap. Most states have until the end of June to come up with a balanced spending plan -- since unlike the federal government, states can't run deficits. But under socialism, Obama may chose to bail all the free-spending leftist led state governments out.
Asian markets were mixed over night; Shanghai up 0.3%, Hong Kong up 1%, India down -0.9%, and Japan down 0.8%.
European markets are down with the average in a range from -0.8% to -0.9% this morning about half way through their day.
US pre-market futures are flat at about -0.2% today at 8:00 AM EST.
But we think that rally will be short lived because the leftists will then strive to destroy the economy from within while they still have a chance. A sharp increase in rates would send the market down until the House of Congress is replaced… the Republicans who are secretly Democrats as well as Democrats who are secretly National Socialists or the Worker's Family Party communists.
World Outlook
The central banks of China and Taiwan tightened policy again today to drain money from the banking system, intensifying efforts in Asia to head off inflation and cool any asset bubbles. Only a week after raising bank reserve ratio requirements for the first time since June 2008, the People's Bank of China (PBOC) lifted the auction yield on one-year bills in its regular open market operation for a second week in a row, and by more than expected. Asia is becoming more capitalist and hence more successful than the leftist Obama administration.
Under Mao Communism the slogan has been, "No Work then no eat."
Under Obama-Acorn style Communism the slogan is, "No work ethic, no English, no citizenship necessary… cause you get entitlements if you keep us in power!"
Market Week Reports:
Tuesday, Jan. 19:
Housing Market Index
Citicorp report
Wednesday, Jan. 20:
New Housing Starts
Producer Price Index
Thursday, Jan. 21:
Unemployment Claims
Leading Economic Indicators
Friday, Jan. 22:
No reports
Market forces January 19, 2010
Google will withhold their latest Android technology from China in response to Chinese persecution of people who yearn for Reagan type American freedom just as most Americans do.
In the wake of the steepest drop in their tax receipts in half a century, leftist American governors and legislators are wrestling with slashing hiking taxes in order to close an estimated $21.9 billion collective budget gap. Most states have until the end of June to come up with a balanced spending plan -- since unlike the federal government, states can't run deficits. But under socialism, Obama may chose to bail all the free-spending leftist led state governments out.
Asian markets were mixed over night; Shanghai up 0.3%, Hong Kong up 1%, India down -0.9%, and Japan down 0.8%.
European markets are down with the average in a range from -0.8% to -0.9% this morning about half way through their day.
US pre-market futures are flat at about -0.2% today at 8:00 AM EST.
Saturday, January 16, 2010
When leftist witches ran recent witch-hunts in Massachusetts, innocent families were destroyed.
The Wall Street Journal had an editorial Friday January 15 reminding us that the persecuting witch, Martha Coakley is running for Ted Kennedy's Senate seat and wants to continue her leftist reign of terror. The author of the article is Ms. Rabinowitz, a member of the WSJ editorial board and wrote a book about Martha Coakley's witch hunts entitled, No Crueler Tyrannies: Accusations, False Witness and Other Terrors of Our Times.
Last week Martha Coakley said that Catholic doctors should not be allowed to practice if they are unwilling to perform abortions. But the WSJ article focussed on her past when as a prosecutor she led the bizarre if not insane persecution of families that ran day care centers. The Amirault family members served jail time because the prosecuting Massachusetts witch, Martha Coakley pressured children to give false witness and to claim among other things that they were raped with large butcher knives and tied to trees in the front yard of the house where neighbors could see them.
Martha Coakley's demented insanity frightened people for many years until the Massachusetts parole board said the charges were absurd, there was no evidence at all, and released the accused. Persecutor Martha Coakley evidently put all the sick ideas in the minds of the children through her interrogation techniques.
I remember the case… but at the time it never occurred to me that these insane persecutors were leftists seeking to spread their self-loathing ideas to gain political power and mindlessly destroy the principles of America's founding fathers. I remember others also threw suspicion on the fundamentalist Christians and shut down at least one fundamentalist church claiming they did bizarre sexual acts at the altar as part of church services. Anyone who stood up to the persecutor's insane lies were arrested and accused of being part of it. That is how they silenced the accused. All the other church members scattered and fearfully said they had nothing to do with the church.
In any event if Martha Coakley is elected Senator of Massachusetts this coming Tuesday, people all over America will suffer the consequences. Government institutionalized false witness and other terrors are associated with more than just Iran, N. Korea, the former Soviet Union and with the WWII Nationalist Socialists (NAZI). We have our own internationally funded leftist lunatic, Martha Coakley, who wants to be in our Senate and be a ruler of America.
World Outlook
European shares turned negative by midday on Friday, reversing a three-session gaining run, pressured by weakness in banks as investor's sentiment soured after U.S. bank JPMorgan (JPM.N) reported earnings.
Market Week News:
So far this week: A survey by Bloomberg shows investors are the most bearish on Treasuries in more than two years as the reliance on government debt and taxes to revive economic growth weighs on sovereign issues.
Confidence among small businesses declined in December to the lowest level in five months as the outlook for sales remained dim, according to the National Federation of Independent Business optimism index. It declined to 88 in December from 88.3 in November.
The trade deficit in the U.S. widened in November more than anticipated as the gap expanded 9.7 percent to $36.4 billion, the highest level since January 2009, from a revised $33.2 billion in October, Commerce Department data showed today in Washington. Imports increased 2.6 percent, reflecting a jump in oil prices, while exports rose to the highest level in a year.
FED's Beige book outlook. The Federal Reserve's latest economic snapshot suggests conditions are better, but still soft. Commercial vacancy rates were increasing and rents declining in most districts. Several districts reported “landlords were focused on tenant retention and that slack demand was allowing tenants to negotiate lease extensions at low rents and with favorable allowances.”
December Retail Sales unexpectedly fell 0.3% in highlighting that the largest part of the economy will be slow to recover.
The Labor Department said workers filing initial unemployment claims rose by 11,000 the previous week to 444,000. Economists had been expecting a modest increase of 3,000.
Despite the higher-than-expected increase in new claims, the number of people continuing to file for unemployment benefits fell to 4.6 million from 4.8 million the previous week. That means about 190,000 workers are no longer listed as unemployed and cannot continue to get benefits.
The University of Michigan's preliminary consumer sentiment report for January. The index rose to 72.8 but economists had forecasted 73.9. On the heels of a worse-than-expected retail sales report, the latest consumer data weighed on consumer discretionary stocks.
Also on the economic front, the Labor Department said consumer prices rose just 0.1% in December, matching estimates and suggesting the slowly recovering economy has kept inflation at bay. Excluding food and energy prices, core inflation also rose 0.1%.
The New York Fed’s manufacturing index kicked off the New Year on a bullish note, rising to 15.9.
The commodity markets fell modestly as the U.S. dollar rose against the euro. Crude, which had its four-week winning streak snapped, fell $1.39 a barrel, or 1.75%, to $78 a barrel -- its lowest close since Dec. 23.
Market forces January 16, 2010
U.S. stocks on Friday finished sharply lower on 22% higher volume after J.P. Morgan Chase & Co. reported a loss at its retail bank, triggering a sell-off in the financial sector. Fixed-income trading revenue in the fourth quarter declined from the previous three months and the firm said it was “cautious” about the outlook for consumer loan defaults. The Dow Jones Industrial Average fell 100.9 points, or 0.9%, to 10,609.65. The S&P 500 Index shed 12.43 points, or 1.1%, down 0.8% for the week. The NASDAQ Composite Index declined 28.75 points, off 1.3% for the week.
Volume on previous market advances has been very low. Trim Tabs said it must be the Obama administration supporting the stock market because no one else is.
Last week Martha Coakley said that Catholic doctors should not be allowed to practice if they are unwilling to perform abortions. But the WSJ article focussed on her past when as a prosecutor she led the bizarre if not insane persecution of families that ran day care centers. The Amirault family members served jail time because the prosecuting Massachusetts witch, Martha Coakley pressured children to give false witness and to claim among other things that they were raped with large butcher knives and tied to trees in the front yard of the house where neighbors could see them.
Martha Coakley's demented insanity frightened people for many years until the Massachusetts parole board said the charges were absurd, there was no evidence at all, and released the accused. Persecutor Martha Coakley evidently put all the sick ideas in the minds of the children through her interrogation techniques.
I remember the case… but at the time it never occurred to me that these insane persecutors were leftists seeking to spread their self-loathing ideas to gain political power and mindlessly destroy the principles of America's founding fathers. I remember others also threw suspicion on the fundamentalist Christians and shut down at least one fundamentalist church claiming they did bizarre sexual acts at the altar as part of church services. Anyone who stood up to the persecutor's insane lies were arrested and accused of being part of it. That is how they silenced the accused. All the other church members scattered and fearfully said they had nothing to do with the church.
In any event if Martha Coakley is elected Senator of Massachusetts this coming Tuesday, people all over America will suffer the consequences. Government institutionalized false witness and other terrors are associated with more than just Iran, N. Korea, the former Soviet Union and with the WWII Nationalist Socialists (NAZI). We have our own internationally funded leftist lunatic, Martha Coakley, who wants to be in our Senate and be a ruler of America.
World Outlook
European shares turned negative by midday on Friday, reversing a three-session gaining run, pressured by weakness in banks as investor's sentiment soured after U.S. bank JPMorgan (JPM.N) reported earnings.
Market Week News:
So far this week: A survey by Bloomberg shows investors are the most bearish on Treasuries in more than two years as the reliance on government debt and taxes to revive economic growth weighs on sovereign issues.
Confidence among small businesses declined in December to the lowest level in five months as the outlook for sales remained dim, according to the National Federation of Independent Business optimism index. It declined to 88 in December from 88.3 in November.
The trade deficit in the U.S. widened in November more than anticipated as the gap expanded 9.7 percent to $36.4 billion, the highest level since January 2009, from a revised $33.2 billion in October, Commerce Department data showed today in Washington. Imports increased 2.6 percent, reflecting a jump in oil prices, while exports rose to the highest level in a year.
FED's Beige book outlook. The Federal Reserve's latest economic snapshot suggests conditions are better, but still soft. Commercial vacancy rates were increasing and rents declining in most districts. Several districts reported “landlords were focused on tenant retention and that slack demand was allowing tenants to negotiate lease extensions at low rents and with favorable allowances.”
December Retail Sales unexpectedly fell 0.3% in highlighting that the largest part of the economy will be slow to recover.
The Labor Department said workers filing initial unemployment claims rose by 11,000 the previous week to 444,000. Economists had been expecting a modest increase of 3,000.
Despite the higher-than-expected increase in new claims, the number of people continuing to file for unemployment benefits fell to 4.6 million from 4.8 million the previous week. That means about 190,000 workers are no longer listed as unemployed and cannot continue to get benefits.
The University of Michigan's preliminary consumer sentiment report for January. The index rose to 72.8 but economists had forecasted 73.9. On the heels of a worse-than-expected retail sales report, the latest consumer data weighed on consumer discretionary stocks.
Also on the economic front, the Labor Department said consumer prices rose just 0.1% in December, matching estimates and suggesting the slowly recovering economy has kept inflation at bay. Excluding food and energy prices, core inflation also rose 0.1%.
The New York Fed’s manufacturing index kicked off the New Year on a bullish note, rising to 15.9.
The commodity markets fell modestly as the U.S. dollar rose against the euro. Crude, which had its four-week winning streak snapped, fell $1.39 a barrel, or 1.75%, to $78 a barrel -- its lowest close since Dec. 23.
Market forces January 16, 2010
U.S. stocks on Friday finished sharply lower on 22% higher volume after J.P. Morgan Chase & Co. reported a loss at its retail bank, triggering a sell-off in the financial sector. Fixed-income trading revenue in the fourth quarter declined from the previous three months and the firm said it was “cautious” about the outlook for consumer loan defaults. The Dow Jones Industrial Average fell 100.9 points, or 0.9%, to 10,609.65. The S&P 500 Index shed 12.43 points, or 1.1%, down 0.8% for the week. The NASDAQ Composite Index declined 28.75 points, off 1.3% for the week.
Volume on previous market advances has been very low. Trim Tabs said it must be the Obama administration supporting the stock market because no one else is.
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