What is wealth redistribution? One sentence sums it up. "From each according to his ability to each according to his need."
Obama gave a campaign speech where he said America needed a domestic army. He did not give it a name but the Moslem dictatorships have just two names: Revolutionary Guard or Republican Guard. Obama did not say which name he preferred.
This week the leftist Time Magazine had an essay by Nancy Gibbs that shows just how twisted the leftists are and that they want to destroy the present army so the domestic army can replace it. She said that Don't-Ask-Don't-Tell means that drunken women who are seduced by a man in the American service are not supposed to tell on the man. If they do tell then Nancy says the women can be demoted. What Nancy says is absolute nonsense. Raped women cannot be demoted for reporting a crime unless they themselves committed a crime. Unfortunately anyone committing a crime (such as being drunk on duty) can become a victim of blackmail in which case the blackmailer could go to prison and the victim can be punished for committing their own crime. It has absolutely nothing to do with Don't-Ask-Don't-Tell which originally was to protect homosexuals from being harassed or victimized if they arouse or harass others by bringing up the subject of sex. Today, fortunately, any man or woman in the Army can report sexual harassment by people who just hit on them about sex. So it is best if people who want to have sex or dirty talk just keep their personal sexual activities out of the Army.
Another reason for Don't-Ask-Don't-Tell is to prevent perverted soldiers from having any excuse for even bringing up the subject of sex so that decent soldiers (male or female) are not harassed to give favors. Sexual harassment usually comes from people with higher rank. Decent people (military and civilian) do not harass others by discussing their private sexual experiences and preferences with others unless they happen to be loony leftists like Nancy Gibbs who are either confused or deliberately trying to mislead TIME magazine readers and to destroy the American Army. Obama says he would like to eliminate Don't-Ask-Don't-Tell, which in leftist loony language is equivalent to saying its ok to hit on others of the same sex.
It has been reported that Obama is also interested in having a US Stamp to honor Moslems since there are already stamps that honor XMAS. Will he also be fair and ask for a stamp to honor Zionists who fought for their freedom? How about a stamp to honor all the people of other religions persecuted under Moslem Sharia law like the American woman that was imprisoned for giving away free Bibles in Afghanistan just before America threw out the Taliban after 911. How about honoring the Afghan women shot in the head by the Taliban for not covering their faces? They should be honored too. What about the people who would like to honor Castro, Lenin or Hitler? Why not them as well if we want to just honor great tyrannies with stamps?
The leftists have destroyed the economies of every nation they have subverted by changing their nation's democratic constitutions to constitutions that have no term limits so that communists and the Ayatollah's have perpetual rule. That is one of the greatest dangers the American economy faces today. It is from the ignorant leftist community activists who think they can control the American economy better that free Americans. And they want an army that will do their bidding so they can have a dictatorship.
But at the moment we are optimistic that Americans will throw all the leftists and their socialized General Motors and socialized medicine out this November so that the American economy and the financial markets can surge forward again based on American ingenuity and productivity. The opposite of the "American Way" is the Communist manifesto for wealth redistribution, "From each according to his ability and to each according to his need." Golly, isn't that exactly what Obama wants to do?
World Outlook
Obama, it’s the economy stupid!
Socialist Venezuela owes $12 billion for international company assets it seized.
Germans pretend to help Greece.
Abu Dhabi and Singapore face an additional $10 Billion Loss from propping up UBS and Citigroup.
Democrat-socialists ignore the economy and to work on a health care bill and a corrupt stimulation package that will be paid by our grandchildren and will redistribute our wealth from our children to the enemies of our freedom.
Week of Market Reports:
U Michigan Consumer Sentiment - Final Feb 26 level was down only 0.1% to 73.6%. That indicates the preliminary Consumer Confidence index that had been down 10.1% to 46%was probably wrong.
International Business Machines Corp., the world’s largest computer-services provider, laid off 500 workers in the U.S yesterday.
Personal income increased 0.6% in February, the second consecutive gain, while spending rose 0.3%, suggesting continued economic recovery. The Commerce Department said incomes totaled a seasonally adjusted annual rate of $4.99 trillion. The March advance followed a 1% gain reported in February that had been revised down slightly from an earlier estimate of 1.1 percent.
ISM Manufacturing Index shows manufacturing continues to expand. The expansion was slower; 56.5 compared to 58.4 for January 2010. Anything over 0.5 is expansion.
Construction sector spending is contracting at a half the December pace. January construction spending month over month was -0.6% versus -1.2% in December.
Auto sales for January exceeded expectation but are still well below 2008.
Wednesday, March 3:
ADP Jobs Report
ISM non-manufacturing Index
Thursday, March 4:
Unemployment Claims
Productivity
Pending Home Sales
Friday, March 5:
Labor Dept Employment Report.
Market Outlook March 3
Just a 0.3% market rise will put the market in positive territory so far for this year.
Bill Clinton said, "It’s the economy stupid!"
Obama says, "It is not your money, it is the governments money that that government lets you use. From each according to his ability to each according to his need."
Asian markets were mixed over night; Shanghai up 0.8%, Hong Kong down -0.1%, India up 1.4%, and Japan up 0.3%.
European markets are flat in the range from 0.5% to 1% this morning about half way through their day.
Today US pre-market futures are flat at 9:00 AM EST.
The markets are slightly above Dec 30 close and we still expect the high for this year to be about 5% to 6% higher than it is today.
Wednesday, March 3, 2010
Tuesday, March 2, 2010
Obama paid GMAC's Carpenter about $1.2 million for doing nothing for the month-and-a- half before he quit last year.
According to a regulatory filing... socialists paid GMAC's Carpenter about $1.2 million for doing nothing for the month-and-a- half that he was sitting in pretending to lead the Detroit-based company last year. That Obama comi-pay is equivalent to a full-year salary of $9.5 million. Goldman Sachs paid their executive $9.6 million for 2009 but Goldman Sachs actually made him do some work and show a profit. But then Obama socialists, global warming shamen, and communists think profiting from hard work is immoral. They believe in paying people who do nothing. GM is now already now recalling 1.3M vehicles showing just how inept socialist government control can be.
However looting the incomes of hard working people and redistributing wealth to ACORN, government workers, the lazy, and big unions is considered both moral and prudent by Obama socialists because the indigents spend money quickly (hand to mouth). This is the level of stupidity we have at the top and who is converting the greatest nation in the world into another coca leaf republic.
Religion is not the opiate of the communist masses, coca leaves are.
Free countries like America never had "the masses" until the comi-socialists started redistributing wealth to make a whole new class of totally government dependent people possible.
World Outlook
Germans pretend to help Greece to punish and put currency speculators at risk.
Abu Dhabi and Singapore face an additional $10 Billion Loss from propping up UBS and Citigroup.
Unemployment insurance for millions of people is ending as democrat- socialists ignore the economy and to work on a health care bill that will be paid by our grandchildren. Obama, it’s the economy stupid!
U Michigan Consumer Sentiment - Final Feb 26 level was down only 0.1% to 73.6%. That indicates the preliminary Consumer Confidence index that had been down 10.1% to 46%was probably wrong.
Week of Market Reports:
International Business Machines Corp., the world’s largest computer-services provider, laid off 500 workers in the U.S yesterday.
Personal income increased 0.6% in February, the second consecutive gain, while spending rose 0.3%, suggesting continued economic recovery. The Commerce Department said incomes totaled a seasonally adjusted annual rate of $4.99 trillion. The March advance followed a 1% gain reported in February that had been revised down slightly from an earlier estimate of 1.1 percent.
ISM Manufacturing Index shows manufacturing continues to expand. The expansion was slower; 56.5 compared to 58.4 for January 2010. Anything over 0.5 is expansion.
Construction sector spending is contracting at a half the December pace. January construction spending month over month was -0.6% versus -1.2% in December.
Tuesday, March 2:
Auto sales.
Wednesday, March 3:
ADP Jobs Report
ISM non-manufacturing Index
Thursday, March 4:
Unemployment Claims
Productivity
Pending Home Sales
Friday, March 5:
Labor Dept Employment Report.
Market Outlook March 2
Just a 0.3% market rise will put the market in positive territory so far for this year.
Bill Clinton said, "It’s the economy stupid!"
Obama says, "It is not your money, it is the governments money that that they let you use.
Communists like Obama gain power by snatching economic depressions from the jaws of free enterprise success and most Americans now know that. Even traitorous Republicans need to be given the boot this November if they go along with Obama comi-care. America doesn't need a communist health care system when we can keep the best in the world. Health care costs surge while care declines whenever socialists get involved. That is why college tuition is so high today because the socialists subsidize mediocrity with government grants. Smart kids now get nothing because the 1950-60s scholarship based system was abolished by the socialists. That is right, as late as the 1960's student scholarship was rewarded often with full-tuition scholarships to state schools and fixed amounts to private colleges regardless of the student's father's income. That is how America got where we are. Now the socialists are polarizing the country by destroying the middle class while putting stupid socialists through school. And any non-socialist who has gone to college knows how the socialist teachers give D's and Fs to anyone who disagrees with them. So smart students either avoid the socialist basket weaving classes or fake socialism to get an "A" grade.
The short and interim market direction remains bullish. However, when the market rises close to the next high (in 1 to 3 months) it will likely be a critical time to take profits because FED tightening will likely be occurring soon after.
After the next high point the subsequent decline will likely break the old October 30 lows and challenge even the July 2009 low. Our corrected NYSE cash flow index gave its Head & Shoulder neck breakdown sell signal on Jan 29 when the NYSE (corrected for trading volume) broke through the neckline of a head and shoulders formation and it plunged about 3% below. But that signal has a long lead time which allows us to know what is likely two or three months in advance. The reason we cannot do a Market Cash Flow Analysis (MCFA) of the other exchanges is because they use the NYSE volume; they no longer use their own real stock volume.
Asian markets were mixed over night; Shanghai down -0.5%, Hong Kong down -0.7%, India up 2.1%, and Japan up 0.5% again.
European markets are up in the range from 0.5% to 1% this morning about half way through their day.
Today US pre-market futures are up 0.5% at 8:45 AM EST. It is seldom a good indicator of what will happen but we are due for a resumption of the up-trend. Today we could turn the market into positive territory again for this year.
However looting the incomes of hard working people and redistributing wealth to ACORN, government workers, the lazy, and big unions is considered both moral and prudent by Obama socialists because the indigents spend money quickly (hand to mouth). This is the level of stupidity we have at the top and who is converting the greatest nation in the world into another coca leaf republic.
Religion is not the opiate of the communist masses, coca leaves are.
Free countries like America never had "the masses" until the comi-socialists started redistributing wealth to make a whole new class of totally government dependent people possible.
World Outlook
Germans pretend to help Greece to punish and put currency speculators at risk.
Abu Dhabi and Singapore face an additional $10 Billion Loss from propping up UBS and Citigroup.
Unemployment insurance for millions of people is ending as democrat- socialists ignore the economy and to work on a health care bill that will be paid by our grandchildren. Obama, it’s the economy stupid!
U Michigan Consumer Sentiment - Final Feb 26 level was down only 0.1% to 73.6%. That indicates the preliminary Consumer Confidence index that had been down 10.1% to 46%was probably wrong.
Week of Market Reports:
International Business Machines Corp., the world’s largest computer-services provider, laid off 500 workers in the U.S yesterday.
Personal income increased 0.6% in February, the second consecutive gain, while spending rose 0.3%, suggesting continued economic recovery. The Commerce Department said incomes totaled a seasonally adjusted annual rate of $4.99 trillion. The March advance followed a 1% gain reported in February that had been revised down slightly from an earlier estimate of 1.1 percent.
ISM Manufacturing Index shows manufacturing continues to expand. The expansion was slower; 56.5 compared to 58.4 for January 2010. Anything over 0.5 is expansion.
Construction sector spending is contracting at a half the December pace. January construction spending month over month was -0.6% versus -1.2% in December.
Tuesday, March 2:
Auto sales.
Wednesday, March 3:
ADP Jobs Report
ISM non-manufacturing Index
Thursday, March 4:
Unemployment Claims
Productivity
Pending Home Sales
Friday, March 5:
Labor Dept Employment Report.
Market Outlook March 2
Just a 0.3% market rise will put the market in positive territory so far for this year.
Bill Clinton said, "It’s the economy stupid!"
Obama says, "It is not your money, it is the governments money that that they let you use.
Communists like Obama gain power by snatching economic depressions from the jaws of free enterprise success and most Americans now know that. Even traitorous Republicans need to be given the boot this November if they go along with Obama comi-care. America doesn't need a communist health care system when we can keep the best in the world. Health care costs surge while care declines whenever socialists get involved. That is why college tuition is so high today because the socialists subsidize mediocrity with government grants. Smart kids now get nothing because the 1950-60s scholarship based system was abolished by the socialists. That is right, as late as the 1960's student scholarship was rewarded often with full-tuition scholarships to state schools and fixed amounts to private colleges regardless of the student's father's income. That is how America got where we are. Now the socialists are polarizing the country by destroying the middle class while putting stupid socialists through school. And any non-socialist who has gone to college knows how the socialist teachers give D's and Fs to anyone who disagrees with them. So smart students either avoid the socialist basket weaving classes or fake socialism to get an "A" grade.
The short and interim market direction remains bullish. However, when the market rises close to the next high (in 1 to 3 months) it will likely be a critical time to take profits because FED tightening will likely be occurring soon after.
After the next high point the subsequent decline will likely break the old October 30 lows and challenge even the July 2009 low. Our corrected NYSE cash flow index gave its Head & Shoulder neck breakdown sell signal on Jan 29 when the NYSE (corrected for trading volume) broke through the neckline of a head and shoulders formation and it plunged about 3% below. But that signal has a long lead time which allows us to know what is likely two or three months in advance. The reason we cannot do a Market Cash Flow Analysis (MCFA) of the other exchanges is because they use the NYSE volume; they no longer use their own real stock volume.
Asian markets were mixed over night; Shanghai down -0.5%, Hong Kong down -0.7%, India up 2.1%, and Japan up 0.5% again.
European markets are up in the range from 0.5% to 1% this morning about half way through their day.
Today US pre-market futures are up 0.5% at 8:45 AM EST. It is seldom a good indicator of what will happen but we are due for a resumption of the up-trend. Today we could turn the market into positive territory again for this year.
Monday, March 1, 2010
After Al Gore invented the Internet he got the Nobel Prize for inventing Global Warming
The "Global Warming is human caused, climategate" fraud continues to unravel. Pretty soon believers in this new religion from India will be shamed out influence. Most of the illiterate world supports climategate as a new panhandling technique and to rest and enjoy their foreign aid. The climate scientist who was at the forefront of the scandal involving erroneous data, the withholding of evidence that did not fit the IPCC's accepted theory on man-made global warming, and the manipulation of information, admitted that his data was wrong and that the earth may not be warming at all.
The Red Chinese spies have stolen the designs for every nuclear weapon in the American arsenal. 60 Minutes reported yesterday.
World Outlook
Greek communists appear to be getting about $52 billion in bailout funds from Germany and France.
Auto sales for February were kept low due to snowstorms and recalls.
Unemployment insurance for millions of people is ending as democrat- socialists ignore the economy and to work on a health care bill that will be paid by our grandchildren. Obama, it’s the economy stupid!
Socialist Governor "Who" of New York will not run again. And all of God's people said AMEN.
U Michigan Consumer Sentiment - Final Feb 26 level was down only 0.1% to 73.6%. That indicates the preliminary Consumer Confidence index that had been down 10.1% to 46%was probably wrong.
Week of Market Reports:
Monday, March 1:
Consumer income and spending.
ISM Manufg Index
Construction Spend.
Tuesday, March 2:
Auto sales.
Wednesday, March 3:
ADP Jobs Report
ISM non-manufg Index
Thursday, March 4:
Unemply Claims
Productivity
Pending Home Sales
Friday, March 5:
Labor Dept Employment Report.
Market Outlook March 1
The world economic news has not been good and the Obama administration as other socialist is not interested in private sector jobs just dependent union, Acorn, and state and federal employees who are dependable voters for socialist handouts. Obama's advisors said, "It is not your money, it is the governments money that that they let you use. That is why in socialist countries like Greece and in southern Italy and in the NYC garment district it is believed that half the economic activity is underground and uses barter to avoid using the government money and taxes. Obama foolishly wastes America's resources and is destroying the worlds best health care system and the most innovative technology industry by forgetting, "It’s the economy stupid!"
The short and interim market direction remains bullish. However, when the market rises close to the next high (in 1 to 3 months) it will likely be a critical time to take profits because FED tightening will likely be occurring soon after. Inflation has started and health care costs surge and care declines whenever socialists get involved. After the next high point the subsequent decline will likely break the old October 30 lows and challenge even the July 2009 low. Our corrected NYSE cash flow index gave its Head & Shoulder neck breakdown sell signal on Jan 29 when the NYSE (corrected for trading volume) broke through the neckline of a head and shoulders formation and it plunged about 3% below. But that signal has a long lead time which allows us to know what is likely two or three months in advance. The reason we cannot do a Market Cash Flow Analysis (MCFA) of the other exchanges is because they use the NYSE volume; they no longer use their own real stock volume.
Asian markets were up over night; Shanghai up 1.2%, Hong Kong up 2.2%, Taiwan up 1.9%, and Japan up 0.5%.
European markets are up in the range from 0.6% to 1.1% this morning about half way through their day.
Today US pre-market futures are up 0.2% at 8:30 AM EST. It is seldom a good indicator of what will happen but we are due for a resumption of the up-trend soon.
The Red Chinese spies have stolen the designs for every nuclear weapon in the American arsenal. 60 Minutes reported yesterday.
World Outlook
Greek communists appear to be getting about $52 billion in bailout funds from Germany and France.
Auto sales for February were kept low due to snowstorms and recalls.
Unemployment insurance for millions of people is ending as democrat- socialists ignore the economy and to work on a health care bill that will be paid by our grandchildren. Obama, it’s the economy stupid!
Socialist Governor "Who" of New York will not run again. And all of God's people said AMEN.
U Michigan Consumer Sentiment - Final Feb 26 level was down only 0.1% to 73.6%. That indicates the preliminary Consumer Confidence index that had been down 10.1% to 46%was probably wrong.
Week of Market Reports:
Monday, March 1:
Consumer income and spending.
ISM Manufg Index
Construction Spend.
Tuesday, March 2:
Auto sales.
Wednesday, March 3:
ADP Jobs Report
ISM non-manufg Index
Thursday, March 4:
Unemply Claims
Productivity
Pending Home Sales
Friday, March 5:
Labor Dept Employment Report.
Market Outlook March 1
The world economic news has not been good and the Obama administration as other socialist is not interested in private sector jobs just dependent union, Acorn, and state and federal employees who are dependable voters for socialist handouts. Obama's advisors said, "It is not your money, it is the governments money that that they let you use. That is why in socialist countries like Greece and in southern Italy and in the NYC garment district it is believed that half the economic activity is underground and uses barter to avoid using the government money and taxes. Obama foolishly wastes America's resources and is destroying the worlds best health care system and the most innovative technology industry by forgetting, "It’s the economy stupid!"
The short and interim market direction remains bullish. However, when the market rises close to the next high (in 1 to 3 months) it will likely be a critical time to take profits because FED tightening will likely be occurring soon after. Inflation has started and health care costs surge and care declines whenever socialists get involved. After the next high point the subsequent decline will likely break the old October 30 lows and challenge even the July 2009 low. Our corrected NYSE cash flow index gave its Head & Shoulder neck breakdown sell signal on Jan 29 when the NYSE (corrected for trading volume) broke through the neckline of a head and shoulders formation and it plunged about 3% below. But that signal has a long lead time which allows us to know what is likely two or three months in advance. The reason we cannot do a Market Cash Flow Analysis (MCFA) of the other exchanges is because they use the NYSE volume; they no longer use their own real stock volume.
Asian markets were up over night; Shanghai up 1.2%, Hong Kong up 2.2%, Taiwan up 1.9%, and Japan up 0.5%.
European markets are up in the range from 0.6% to 1.1% this morning about half way through their day.
Today US pre-market futures are up 0.2% at 8:30 AM EST. It is seldom a good indicator of what will happen but we are due for a resumption of the up-trend soon.
Friday, February 26, 2010
Socialism and Communism cannot win the gold without cheating
Leftist stupidity and mediocrity forced the Communist and socialists to use hormones to win in the past. But tests for drugs, hormones, and sex changes exposed that fraud, espionage, and betrayal behind the iron curtain was the only way the leftists could compete.
Today the USA, Canada, and west Germany are tie with eight Olympic gold medals each. The UN leftist Indian global warming "experts" are noted for destroying the reputation of science by transforming it into a new "Eastern" religion. There is no convincing scientific evidence that human release of carbon dioxide, methane, or other greenhouse gasses is causing or will, in the foreseeable future, cause catastrophic heating of the Earth's atmosphere and disruption of the Earth's climate. Moreover, there is substantial scientific evidence that increases in atmospheric carbon dioxide produce many beneficial effects upon the natural plant and animal environments of the Earth. The number of true American scientists who have now signed petitions recognizing global warming as a natural glacial cycle and not a human related phenomena far out numbers (3 to one) the American corrupt-incompetent-scientists who support the incompetent India environmentalists. See:
http://www.oism.org/pproject/s33p1845.htm
World Outlook
Greek communists caused havoc in the world stock markets again yesterday because the extent of the damage done by incompetent-leftists seems to be unlimited at times. Greek communists now call the German's Nazis and think they deserve more reparations for their invasion three generations ago. In the USA states like California and New York get extra "stimulation" money to offset deficits by quietly paying off teacher and state employee unions for political support of communists, socialists, and other leftists. Obama said he wanted a "revolutionary" guard to act as a new domestic army. Thug organizations such as Acorn are a vehicle to meet his goal. Europe has also been using stimulus funds for leftists and that only raises the specter of a "Greater Depression"
Argentine still has $20 billion (and growing) of defaulted bonds. The incompetent-leftists of the southern American hemisphere are forming a new organization that excludes the Americans and Canadians.
Derivative traders are signaling that the Euro’s slump to a nine-month low will continue even if European leaders bail out Greece. Most major Greek banks there have now been downgraded. Leftist Greek unions run by angry, ignorant and stupid people just struck today and paralyzed the Greek economy and tourism.
Mexico will Buy Up to $600 Million a Month as Mexico’s central bank buys as much as $600 million a month in the currency market in a push to boost foreign reserves after last year’s peso tumble led policy makers to turn to the International Monetary Fund for help.
It is becoming evident that EU nations are hiding much of their national debt with transactions that keep the debt off the books. Goldman helped Greece and others hide $billions of debt thereby hiding their high risk and putting them well over their heads and unable to pay fair market interest on their existing debt now that it has been disclosed. Interest payments on new debt have become unaffordable and any country that offers Greece aid will lose everything they loan. Greece arranged swap agreements with about 15 securities firms that have helped hide the country’s true deficit. It now appears that European economies are beginning to slump again because socialist spending programs do not work they only deepen the crisis by increasing the debt burden, which is the cause, not the cure for recessions. Leftists are so stupid they think the cause of economic ruin is what leads to great wealth. They max out their credit cards and then want to mug the rest of us because we work hard and save in order to create real wealth.
Greece is smaller than California or New York where government employees are also sucking the blood out of their taxpayers. But the ignorant American leftists used their $800billion stimulation package to protect and stimulate more government job creation while raising taxes on productive people. Is that stupidity or what?
Week of Market Reports:
Housing Prices rose 3.1% indicating further stabilization.
Consumer Confidence "early estimate" declined to 46% from 56.5%. That seems like a fluke.
Commercial property sales increased 70% in December indicating that commercial real estate may not be as fragile as thought.
New Home Sales fell 11% to 309K from last month's unrevised 342K level. But that is not bad considering that we saw housing prices reported yesterday as up 3.1% and the federal $9000 tax incentive for first time home buyers ended last month. Besides new homes only add to the housing inventory. Existing home sales are a better indicator this Friday.
Ben Bernanke said US interest rates would remain low for several more months to lower the risk of a double dip recession as stimulus plans are phased out. About one third of existing stimulation never was spent.
Yesterday
Unemployment Claims rose to the levels seen three months ago. New claims this month rose to 296000 from 274000 reported last month. It’s the economy stupid! Bill Clinton was right and Barack Hussein Obama still does not get it! Obama still thinks the best health care system in the world is killing people and the best way to stimulate the American economy is to give away American wealth to Acorn thugs, indigents and illegal immigrants who are so lazy they won't even learn English before they demand American welfare.
Durable Goods Orders rose 3% compared to rising 1.9% last month.
Leading Economic Indices improved 0.3% showing the recession has not double dipped at this point at least.
Friday, Feb. 26:
GDP Revision: Economy in US Expanded at 5.9 Percent Pace in Fourth Quarter.
The Inventory Story
Chicago PM Index
Consumer Sentiment
Existing Home Sales 10am
Market Outlook February 26
The markets dropped yesterday on low volume. The short and interim market direction remains bullish. However, when the market rises close to the next high (in 2 to 4 months) it will likely be a critical time to take profits because FED tightening will likely be occurring soon after. Inflation has started and health care costs surge and care declines whenever socialists get involved. After the next high point the subsequent decline will likely break the old October 30 lows and challenge even the July 2009 low. Our corrected NYSE cash flow index gave its Head & Shoulder neck breakdown sell signal on Jan 29 when the NYSE (corrected for trading volume) broke through the neckline of a head and shoulders formation and it plunged about 3% below. But that signal has a long lead time which allows us to know what is likely two or three months in advance. The reason we cannot do a Market Cash Flow Analysis (MCFA) of the other exchanges is because they use the NYSE volume; they no longer use their own real stock volume.
Asian markets were down over night; Shanghai down -0.3% again, Hong Kong up 1%, India up 1.1%, and Japan up 0.2%.
European markets are up in the range from 0.5% to 1% this morning about half way through their day.
Today US pre-market futures are neutral at 9:00 AM EST. It is seldom a good indicator of what will happen but we are due for a resumption of the up-trend soon.
Today the USA, Canada, and west Germany are tie with eight Olympic gold medals each. The UN leftist Indian global warming "experts" are noted for destroying the reputation of science by transforming it into a new "Eastern" religion. There is no convincing scientific evidence that human release of carbon dioxide, methane, or other greenhouse gasses is causing or will, in the foreseeable future, cause catastrophic heating of the Earth's atmosphere and disruption of the Earth's climate. Moreover, there is substantial scientific evidence that increases in atmospheric carbon dioxide produce many beneficial effects upon the natural plant and animal environments of the Earth. The number of true American scientists who have now signed petitions recognizing global warming as a natural glacial cycle and not a human related phenomena far out numbers (3 to one) the American corrupt-incompetent-scientists who support the incompetent India environmentalists. See:
http://www.oism.org/pproject/s33p1845.htm
World Outlook
Greek communists caused havoc in the world stock markets again yesterday because the extent of the damage done by incompetent-leftists seems to be unlimited at times. Greek communists now call the German's Nazis and think they deserve more reparations for their invasion three generations ago. In the USA states like California and New York get extra "stimulation" money to offset deficits by quietly paying off teacher and state employee unions for political support of communists, socialists, and other leftists. Obama said he wanted a "revolutionary" guard to act as a new domestic army. Thug organizations such as Acorn are a vehicle to meet his goal. Europe has also been using stimulus funds for leftists and that only raises the specter of a "Greater Depression"
Argentine still has $20 billion (and growing) of defaulted bonds. The incompetent-leftists of the southern American hemisphere are forming a new organization that excludes the Americans and Canadians.
Derivative traders are signaling that the Euro’s slump to a nine-month low will continue even if European leaders bail out Greece. Most major Greek banks there have now been downgraded. Leftist Greek unions run by angry, ignorant and stupid people just struck today and paralyzed the Greek economy and tourism.
Mexico will Buy Up to $600 Million a Month as Mexico’s central bank buys as much as $600 million a month in the currency market in a push to boost foreign reserves after last year’s peso tumble led policy makers to turn to the International Monetary Fund for help.
It is becoming evident that EU nations are hiding much of their national debt with transactions that keep the debt off the books. Goldman helped Greece and others hide $billions of debt thereby hiding their high risk and putting them well over their heads and unable to pay fair market interest on their existing debt now that it has been disclosed. Interest payments on new debt have become unaffordable and any country that offers Greece aid will lose everything they loan. Greece arranged swap agreements with about 15 securities firms that have helped hide the country’s true deficit. It now appears that European economies are beginning to slump again because socialist spending programs do not work they only deepen the crisis by increasing the debt burden, which is the cause, not the cure for recessions. Leftists are so stupid they think the cause of economic ruin is what leads to great wealth. They max out their credit cards and then want to mug the rest of us because we work hard and save in order to create real wealth.
Greece is smaller than California or New York where government employees are also sucking the blood out of their taxpayers. But the ignorant American leftists used their $800billion stimulation package to protect and stimulate more government job creation while raising taxes on productive people. Is that stupidity or what?
Week of Market Reports:
Housing Prices rose 3.1% indicating further stabilization.
Consumer Confidence "early estimate" declined to 46% from 56.5%. That seems like a fluke.
Commercial property sales increased 70% in December indicating that commercial real estate may not be as fragile as thought.
New Home Sales fell 11% to 309K from last month's unrevised 342K level. But that is not bad considering that we saw housing prices reported yesterday as up 3.1% and the federal $9000 tax incentive for first time home buyers ended last month. Besides new homes only add to the housing inventory. Existing home sales are a better indicator this Friday.
Ben Bernanke said US interest rates would remain low for several more months to lower the risk of a double dip recession as stimulus plans are phased out. About one third of existing stimulation never was spent.
Yesterday
Unemployment Claims rose to the levels seen three months ago. New claims this month rose to 296000 from 274000 reported last month. It’s the economy stupid! Bill Clinton was right and Barack Hussein Obama still does not get it! Obama still thinks the best health care system in the world is killing people and the best way to stimulate the American economy is to give away American wealth to Acorn thugs, indigents and illegal immigrants who are so lazy they won't even learn English before they demand American welfare.
Durable Goods Orders rose 3% compared to rising 1.9% last month.
Leading Economic Indices improved 0.3% showing the recession has not double dipped at this point at least.
Friday, Feb. 26:
GDP Revision: Economy in US Expanded at 5.9 Percent Pace in Fourth Quarter.
The Inventory Story
Chicago PM Index
Consumer Sentiment
Existing Home Sales 10am
Market Outlook February 26
The markets dropped yesterday on low volume. The short and interim market direction remains bullish. However, when the market rises close to the next high (in 2 to 4 months) it will likely be a critical time to take profits because FED tightening will likely be occurring soon after. Inflation has started and health care costs surge and care declines whenever socialists get involved. After the next high point the subsequent decline will likely break the old October 30 lows and challenge even the July 2009 low. Our corrected NYSE cash flow index gave its Head & Shoulder neck breakdown sell signal on Jan 29 when the NYSE (corrected for trading volume) broke through the neckline of a head and shoulders formation and it plunged about 3% below. But that signal has a long lead time which allows us to know what is likely two or three months in advance. The reason we cannot do a Market Cash Flow Analysis (MCFA) of the other exchanges is because they use the NYSE volume; they no longer use their own real stock volume.
Asian markets were down over night; Shanghai down -0.3% again, Hong Kong up 1%, India up 1.1%, and Japan up 0.2%.
European markets are up in the range from 0.5% to 1% this morning about half way through their day.
Today US pre-market futures are neutral at 9:00 AM EST. It is seldom a good indicator of what will happen but we are due for a resumption of the up-trend soon.
Thursday, February 25, 2010
Forget the "Great Depression." Worldwide the leftists are setting the stage for a "Greater Depression."
World Outlook
Greek communists now call the German's Nazis and think they deserve more reparations for their invasion three generations ago. In the USA states like California and New York get extra "stimulation" money to offset deficits by quietly paying off teacher and state employee unions for political support of communists, socialists, and other leftists. Obama said he wanted a "revolutionary" guard to act as a new domestic army. Thug organizations such as Acorn are a vehicle to meet his goal. Europe has also been using stimulus funds for leftists and that only raises the specter of a "Greater Depression"
Argentine still has $20 billion (and growing) of defaulted bonds.
Derivative traders are signaling that the Euro’s slump to a nine-month low will continue even if European leaders bail out Greece. Most major Greek banks there have now been downgraded. Leftist Greek unions run by angry, ignorant and stupid people just struck today and paralyzed the Greek economy and tourism.
Mexico will Buy Up to $600 Million a Month as Mexico’s central bank buys as much as $600 million a month in the currency market in a push to boost foreign reserves after last year’s peso tumble led policy makers to turn to the International Monetary Fund for help.
It is becoming evident that EU nations are hiding much of their national debt with transactions that keep the debt off the books. Goldman helped Greece and others hide $billions of debt thereby hiding their high risk and putting them well over their heads and unable to pay fair market interest on their existing debt now that it has been disclosed. Interest payments on new debt have become unaffordable and any country that offers Greece aid will lose everything they loan. Greece arranged swap agreements with about 15 securities firms that have helped hide the country’s true deficit. It now appears that European economies are beginning to slump again because socialist spending programs do not work they only deepen the crisis by increasing the debt burden, which is the cause, not the cure for recessions. Leftists are so stupid they think the cause of economic ruin is what leads to great wealth. They max out their credit cards and then want to mug the rest of us because we work hard and save in order to create real wealth.
Greece is smaller than California or New York where government employees are also sucking the blood out of their taxpayers. But the ignorant American leftists used their $800billion stimulation package to protect and stimulate more government job creation while raising taxes on productive people. Is that stupidity or what?
Week of Market Reports:
Housing Prices rose 3.1% indicating further stabilization.
Consumer Confidence "early estimate" declined to 46% from 56.5%. That seems like a fluke.
Commercial property sales increased 70% in December indicating that commercial real estate may not be as fragile as thought.
Yesterday
New Home Sales fell 11% to 309K from last month's unrevised 342K level. But that is not bad considering that we saw housing prices reported yesterday as up 3.1% and the federal $9000 tax incentive for first time home buyers ended last month. Besides new homes only add to the housing inventory. Existing home sales are a better indicator this Friday.
Ben Bernanke said US interest rates would remain low for several more months to lower the risk of a double dip recession as stimulus plans are phased out. About one third of existing stimulation never was spent.
Thursday, Feb. 25:
Unemployment Claims
Durable Goods Orders
Leading Economic Indices
Friday, Feb. 26:
GDP Revision
Chicago PM Index
Consumer Sentiment
Existing Home Sales 10am
Market Outlook February 25
The markets rose yesterday on low volume. The short and interim market direction remains bullish. However, when the market rises close to the next high (in 2 to 4 months) it will likely be a critical time to take profits because FED tightening will likely be occurring soon after. Inflation has started and health care costs surge and care declines whenever socialists get involved. After the next high point the subsequent decline will likely break the old October 30 lows and challenge even the July 2009 low. Our corrected NYSE cash flow index gave its Head & Shoulder neck breakdown sell signal on Jan 29 when the NYSE (corrected for trading volume) broke through the neckline of a head and shoulders formation and it plunged about 3% below. But that signal has a long lead time which allows us to know what is likely two or three months in advance. The reason we cannot do a Market Cash Flow Analysis (MCFA) of the other exchanges is because they use the NYSE volume; they no longer use their own real stock volume.
Asian markets were down over night; Shanghai up 1.3% again, Hong Kong down -0.3%, India unchanged, and Japan down -1%.
European markets are down in the range from -0.1% to -0.4% this morning about half way through their day.
Today US pre-market futures are up about 0.6% at 8:00 AM EST. It is seldom a good indicator of what will happen but we are due for a resumption of the up-trend soon. It is anticipated that bank failures will be up this year from last year even with low bank borrowing rates.
Greek communists now call the German's Nazis and think they deserve more reparations for their invasion three generations ago. In the USA states like California and New York get extra "stimulation" money to offset deficits by quietly paying off teacher and state employee unions for political support of communists, socialists, and other leftists. Obama said he wanted a "revolutionary" guard to act as a new domestic army. Thug organizations such as Acorn are a vehicle to meet his goal. Europe has also been using stimulus funds for leftists and that only raises the specter of a "Greater Depression"
Argentine still has $20 billion (and growing) of defaulted bonds.
Derivative traders are signaling that the Euro’s slump to a nine-month low will continue even if European leaders bail out Greece. Most major Greek banks there have now been downgraded. Leftist Greek unions run by angry, ignorant and stupid people just struck today and paralyzed the Greek economy and tourism.
Mexico will Buy Up to $600 Million a Month as Mexico’s central bank buys as much as $600 million a month in the currency market in a push to boost foreign reserves after last year’s peso tumble led policy makers to turn to the International Monetary Fund for help.
It is becoming evident that EU nations are hiding much of their national debt with transactions that keep the debt off the books. Goldman helped Greece and others hide $billions of debt thereby hiding their high risk and putting them well over their heads and unable to pay fair market interest on their existing debt now that it has been disclosed. Interest payments on new debt have become unaffordable and any country that offers Greece aid will lose everything they loan. Greece arranged swap agreements with about 15 securities firms that have helped hide the country’s true deficit. It now appears that European economies are beginning to slump again because socialist spending programs do not work they only deepen the crisis by increasing the debt burden, which is the cause, not the cure for recessions. Leftists are so stupid they think the cause of economic ruin is what leads to great wealth. They max out their credit cards and then want to mug the rest of us because we work hard and save in order to create real wealth.
Greece is smaller than California or New York where government employees are also sucking the blood out of their taxpayers. But the ignorant American leftists used their $800billion stimulation package to protect and stimulate more government job creation while raising taxes on productive people. Is that stupidity or what?
Week of Market Reports:
Housing Prices rose 3.1% indicating further stabilization.
Consumer Confidence "early estimate" declined to 46% from 56.5%. That seems like a fluke.
Commercial property sales increased 70% in December indicating that commercial real estate may not be as fragile as thought.
Yesterday
New Home Sales fell 11% to 309K from last month's unrevised 342K level. But that is not bad considering that we saw housing prices reported yesterday as up 3.1% and the federal $9000 tax incentive for first time home buyers ended last month. Besides new homes only add to the housing inventory. Existing home sales are a better indicator this Friday.
Ben Bernanke said US interest rates would remain low for several more months to lower the risk of a double dip recession as stimulus plans are phased out. About one third of existing stimulation never was spent.
Thursday, Feb. 25:
Unemployment Claims
Durable Goods Orders
Leading Economic Indices
Friday, Feb. 26:
GDP Revision
Chicago PM Index
Consumer Sentiment
Existing Home Sales 10am
Market Outlook February 25
The markets rose yesterday on low volume. The short and interim market direction remains bullish. However, when the market rises close to the next high (in 2 to 4 months) it will likely be a critical time to take profits because FED tightening will likely be occurring soon after. Inflation has started and health care costs surge and care declines whenever socialists get involved. After the next high point the subsequent decline will likely break the old October 30 lows and challenge even the July 2009 low. Our corrected NYSE cash flow index gave its Head & Shoulder neck breakdown sell signal on Jan 29 when the NYSE (corrected for trading volume) broke through the neckline of a head and shoulders formation and it plunged about 3% below. But that signal has a long lead time which allows us to know what is likely two or three months in advance. The reason we cannot do a Market Cash Flow Analysis (MCFA) of the other exchanges is because they use the NYSE volume; they no longer use their own real stock volume.
Asian markets were down over night; Shanghai up 1.3% again, Hong Kong down -0.3%, India unchanged, and Japan down -1%.
European markets are down in the range from -0.1% to -0.4% this morning about half way through their day.
Today US pre-market futures are up about 0.6% at 8:00 AM EST. It is seldom a good indicator of what will happen but we are due for a resumption of the up-trend soon. It is anticipated that bank failures will be up this year from last year even with low bank borrowing rates.
Wednesday, February 24, 2010
Leftists, those who grew up cheating, stealing, or killing... naturally think all wealth is attained that way.
Envy of others who are successful and produce even a modest living much less great wealth… has been around since men left the caves and began making tents for following herds or began building mud huts and wooden plows to harvest fields of grain. The Bible describes the situation well and envy was sufficiently destructive four thousand years ago for envy to make the list of the ten greatest abominations of mankind along with stealing and murder. Communism cannot survive without envy, stealing and murder.
The leftist liberals, socialists, and communists are groups that have taken the human flaw of envy and turned it into political parties and a state religion. They have institutionalized the breaking the Ten Commandments with envy of productive people, stealing from productive people, and enslaving or murdering productive people who do not conform. The leftists were around four thousand years ago and if given the opportunity they would have killed Abraham and his kin and stolen the tribes' flocks, tents, and sandals in the name of redistribution of wealth.
Leftists have taken the crime of stealing and made it a pillar of their economic system calling it redistribution of wealth. Go and Google "cargo cult phenomena" and see how this primitive religion works and observe how the Obama administration is very similar to a cargo cult. Ignorance and stupidity are why some people just cannot understand that wealth can be earned from hard work. Those leftists who grew up cheating and stealing naturally think that the productive people who benefit all peoples could not have done so using intelligence and hard work to get ahead. No, the leftist think all wealth is gained by cheating and stealing from others or is a gift from their gods. And so they are filled with anger when others succeed in life and they do not.
From Wikipedia:
A cargo cult is a type of religious practice that may appear in traditional tribal societies in the wake of interaction with technologically advanced cultures. The cults are focused on obtaining the material wealth (the "cargo") of the advanced culture through magic and religious rituals and practices, believing that their deities and ancestors intended the wealth for them. Cargo cults developed primarily in remote parts of New Guinea and other Melanesian and Micronesian societies in the southwest Pacific Ocean, beginning with the first significant arrivals of Westerners in the 19th century. Similar behaviors have, however, also appeared elsewhere in the world.
Cargo cult activity in the Pacific region increased significantly during and immediately after World War II, when large amounts of manpower and materials were brought in by the Japanese and American combatants, and this was observed by the residents of these regions. When the war ended, the military bases were closed and the flow of goods and materials ceased. In an attempt to attract further deliveries of goods, followers of the cults engaged in ritualistic practices such as building crude imitation landing strips, aircraft and radio equipment, and mimicking the behavior that they had observed of the military personnel operating them.
Over the last sixty-five years, most cargo cults have disappeared. However, the John Frum cult, one of the most widely reported and longest-lived, is still active on the island of Tanna, Vanuatu. This cult started before the war, and only became a cargo cult afterwards.
Yes, ignorance, envy, anger, and stupidity are the hallmark of the leftists of the current American administration. Just think how stupid it is for the nation with the greatest health system in the world to want to trade it in for something we had fifty years ago. And think how stupid it is for an American to think we owe an apology to tribal cultures of hate that mistreat women and children and blow themselves up when they get angry.
World Outlook
Argentine still has $20 billion (and growing) of defaulted bonds.
Derivative traders are signaling that the Euro’s slump to a nine-month low will continue even if European leaders bail out Greece. Most major Greek banks there have now been downgraded. Leftist Greek unions run by angry, ignorant and stupid people just struck today and paralyzed the Greek economy and tourism.
Mexico will Buy Up to $600 Million a Month as Mexico’s central bank buys as much as $600 million a month in the currency market in a push to boost foreign reserves after last year’s peso tumble led policy makers to turn to the International Monetary Fund for help.
It is becoming evident that EU nations are hiding much of their national debt with transactions that keep the debt off the books. Goldman helped Greece and others hide $billions of debt thereby hiding their high risk and putting them well over their heads and unable to pay fair market interest on their existing debt now that it has been disclosed. Interest payments on new debt have become unaffordable and any country that offers Greece aid will lose everything they loan. Greece arranged swap agreements with about 15 securities firms that have helped hide the country’s true deficit. It now appears that European economies are beginning to slump again because socialist spending programs do not work they only deepen the crisis by increasing the debt burden, which is the cause, not the cure for recessions. Leftists are so stupid they think the cause of economic ruin is what leads to great wealth. They max out their credit cards and then want to mug the rest of us because we work hard and save in order to create real wealth.
Greece is smaller than California or New York where government employees are also sucking the blood out of their taxpayers. But the ignorant American leftists used their $800billion stimulation package to protect and stimulate more government job creation while raising taxes on productive people. Is that stupidity or what??
Week of Market Reports:
Yesterday
Housing Prices rose 3.1% indicating further stabilization.
Consumer Confidence "early estimate" declined to 46% from 56.5%. That seems like a fluke.
Commercial property sales increased 70% in December indicating that commercial real estate may not be as fragile as thought.
Wednesday, Feb. 24:
New Home Sales
Ben Bernanke speech
Thursday, Feb. 25:
Unemployment Claims
Durable Goods Orders
Leading Economic Indices
Ben Bernanke speech
Friday, Feb. 26:
GDP Revision
Chicago PM Index
Consumer Sentiment
Existing Home Sales 10am
Market Outlook February 24
The markets dipped yesterday on low volume. Bank loans in December declined unexpectedly. It is expected that today Bernacke will say the FED will continue low rates for the next few months until it is clear that there is no double dip as Europe may already be seeing.
The short and interim market direction remains bullish. However, when the market rises close to the next high (in 2 to 4 months) it will likely be a critical time to take profits because FED tightening will likely be occurring soon after. After the next high point the subsequent decline will likely break the old October 30 lows and challenge even the July 2009 low. Our corrected NYSE cash flow index gave its Head & Shoulder neck breakdown sell signal on Jan 29 when the NYSE (corrected for trading volume) broke through the neckline of a head and shoulders formation and it plunged about 3% below. But that signal has a long lead time which allows us to know what is likely two or three months in advance. The reason we cannot do a Market Cash Flow Analysis (MCFA) of the other exchanges is because they use the NYSE volume; they no longer use their own real stock volume.
Asian markets were down over night; Shanghai up 1.3%, Hong Kong down -0.8%, India down -0.2%, and Japan down -1.5%.
European markets are up slightly in the range from 0% to 0.4% this morning about half way through their day.
Today US pre-market futures are up about 0.2% at 9:00 AM EST. It is seldom a good indicator of what will happen but we are due for a resumption of the up-trend soon.
The leftist liberals, socialists, and communists are groups that have taken the human flaw of envy and turned it into political parties and a state religion. They have institutionalized the breaking the Ten Commandments with envy of productive people, stealing from productive people, and enslaving or murdering productive people who do not conform. The leftists were around four thousand years ago and if given the opportunity they would have killed Abraham and his kin and stolen the tribes' flocks, tents, and sandals in the name of redistribution of wealth.
Leftists have taken the crime of stealing and made it a pillar of their economic system calling it redistribution of wealth. Go and Google "cargo cult phenomena" and see how this primitive religion works and observe how the Obama administration is very similar to a cargo cult. Ignorance and stupidity are why some people just cannot understand that wealth can be earned from hard work. Those leftists who grew up cheating and stealing naturally think that the productive people who benefit all peoples could not have done so using intelligence and hard work to get ahead. No, the leftist think all wealth is gained by cheating and stealing from others or is a gift from their gods. And so they are filled with anger when others succeed in life and they do not.
From Wikipedia:
A cargo cult is a type of religious practice that may appear in traditional tribal societies in the wake of interaction with technologically advanced cultures. The cults are focused on obtaining the material wealth (the "cargo") of the advanced culture through magic and religious rituals and practices, believing that their deities and ancestors intended the wealth for them. Cargo cults developed primarily in remote parts of New Guinea and other Melanesian and Micronesian societies in the southwest Pacific Ocean, beginning with the first significant arrivals of Westerners in the 19th century. Similar behaviors have, however, also appeared elsewhere in the world.
Cargo cult activity in the Pacific region increased significantly during and immediately after World War II, when large amounts of manpower and materials were brought in by the Japanese and American combatants, and this was observed by the residents of these regions. When the war ended, the military bases were closed and the flow of goods and materials ceased. In an attempt to attract further deliveries of goods, followers of the cults engaged in ritualistic practices such as building crude imitation landing strips, aircraft and radio equipment, and mimicking the behavior that they had observed of the military personnel operating them.
Over the last sixty-five years, most cargo cults have disappeared. However, the John Frum cult, one of the most widely reported and longest-lived, is still active on the island of Tanna, Vanuatu. This cult started before the war, and only became a cargo cult afterwards.
Yes, ignorance, envy, anger, and stupidity are the hallmark of the leftists of the current American administration. Just think how stupid it is for the nation with the greatest health system in the world to want to trade it in for something we had fifty years ago. And think how stupid it is for an American to think we owe an apology to tribal cultures of hate that mistreat women and children and blow themselves up when they get angry.
World Outlook
Argentine still has $20 billion (and growing) of defaulted bonds.
Derivative traders are signaling that the Euro’s slump to a nine-month low will continue even if European leaders bail out Greece. Most major Greek banks there have now been downgraded. Leftist Greek unions run by angry, ignorant and stupid people just struck today and paralyzed the Greek economy and tourism.
Mexico will Buy Up to $600 Million a Month as Mexico’s central bank buys as much as $600 million a month in the currency market in a push to boost foreign reserves after last year’s peso tumble led policy makers to turn to the International Monetary Fund for help.
It is becoming evident that EU nations are hiding much of their national debt with transactions that keep the debt off the books. Goldman helped Greece and others hide $billions of debt thereby hiding their high risk and putting them well over their heads and unable to pay fair market interest on their existing debt now that it has been disclosed. Interest payments on new debt have become unaffordable and any country that offers Greece aid will lose everything they loan. Greece arranged swap agreements with about 15 securities firms that have helped hide the country’s true deficit. It now appears that European economies are beginning to slump again because socialist spending programs do not work they only deepen the crisis by increasing the debt burden, which is the cause, not the cure for recessions. Leftists are so stupid they think the cause of economic ruin is what leads to great wealth. They max out their credit cards and then want to mug the rest of us because we work hard and save in order to create real wealth.
Greece is smaller than California or New York where government employees are also sucking the blood out of their taxpayers. But the ignorant American leftists used their $800billion stimulation package to protect and stimulate more government job creation while raising taxes on productive people. Is that stupidity or what??
Week of Market Reports:
Yesterday
Housing Prices rose 3.1% indicating further stabilization.
Consumer Confidence "early estimate" declined to 46% from 56.5%. That seems like a fluke.
Commercial property sales increased 70% in December indicating that commercial real estate may not be as fragile as thought.
Wednesday, Feb. 24:
New Home Sales
Ben Bernanke speech
Thursday, Feb. 25:
Unemployment Claims
Durable Goods Orders
Leading Economic Indices
Ben Bernanke speech
Friday, Feb. 26:
GDP Revision
Chicago PM Index
Consumer Sentiment
Existing Home Sales 10am
Market Outlook February 24
The markets dipped yesterday on low volume. Bank loans in December declined unexpectedly. It is expected that today Bernacke will say the FED will continue low rates for the next few months until it is clear that there is no double dip as Europe may already be seeing.
The short and interim market direction remains bullish. However, when the market rises close to the next high (in 2 to 4 months) it will likely be a critical time to take profits because FED tightening will likely be occurring soon after. After the next high point the subsequent decline will likely break the old October 30 lows and challenge even the July 2009 low. Our corrected NYSE cash flow index gave its Head & Shoulder neck breakdown sell signal on Jan 29 when the NYSE (corrected for trading volume) broke through the neckline of a head and shoulders formation and it plunged about 3% below. But that signal has a long lead time which allows us to know what is likely two or three months in advance. The reason we cannot do a Market Cash Flow Analysis (MCFA) of the other exchanges is because they use the NYSE volume; they no longer use their own real stock volume.
Asian markets were down over night; Shanghai up 1.3%, Hong Kong down -0.8%, India down -0.2%, and Japan down -1.5%.
European markets are up slightly in the range from 0% to 0.4% this morning about half way through their day.
Today US pre-market futures are up about 0.2% at 9:00 AM EST. It is seldom a good indicator of what will happen but we are due for a resumption of the up-trend soon.
Tuesday, February 23, 2010
Senate chamber's newest Republican, Sen. Scott Brown, sided with Proletariat on first vote.
He could be the Democrat-socialist delight as they ram through reparations and other wealth redistribution programs to consolidate gains in their voting block of the proletariat and illegal aliens.
World Outlook
Argentine now has $20 billion of defaulted bonds.
Derivative traders are signaling that the Euro’s slump to a nine-month low will continue even if European Union leaders bail out Greece.
Mexico will Buy Up to $600 Million a Month as Mexico’s central bank buys as much as $600 million a month in the currency market in a push to boost foreign reserves after last year’s peso tumble led policy makers to turn to the International Monetary Fund for help.
It is becoming evident that EU nations are hiding much of their national debt with transactions that keep the debt off the books. Goldman helped Greece and others hide $billions of debt thereby hiding their high risk and putting them well over their heads and unable to pay fair market interest on their existing debt now that it has been disclosed. Interest payments on new debt have become unaffordable and any country that offers Greece aid will lose everything they loan. Greece arranged swap agreements with about 15 securities firms that have helped hide the country’s true deficit.
Greece is actually smaller than California or New York where government employees are sucking the blood out of their taxpayers.
Week of Market Reports:
Tuesday, Feb. 23:
Housing Prices
Consumer Confidence
Wednesday, Feb. 24:
New Home Sales
Ben Bernanke speech
Thursday, Feb. 25:
Unemployment Claims
Durable Goods Orders
Leading Economic Indices
Ben Bernanke speech
Friday, Feb. 26:
GDP Revision
Chicago PM Index
Consumer Sentiment
Existing Home Sales 10am
Market Outlook February 23
Home Depot profits exceeded analysts’ estimates and dividends were raised.
It is expected that Bernacke will continue low rates for the next few months until it is clear that there is no double dip.
The short and interim market direction remains bullish. However, when the market rises close to the next high (in 2 to 4 months) it will likely be a critical time to take profits because FED tightening will likely be occurring soon after. After the next high point the subsequent decline will likely break the old October 30 lows and challenge even the July 2009 low. Our corrected NYSE cash flow index gave its Head & Shoulder neck breakdown sell signal on Jan 29 when the NYSE (corrected for trading volume) broke through the neckline of a head and shoulders formation and it plunged about 3% below. But that signal has a long lead time which allows us to know what is likely two or three months in advance. The reason we cannot do a Market Cash Flow Analysis (MCFA) of the other exchanges is because they use the NYSE volume; they no longer use their own real stock volume.
Asian markets were mixed over night; Shanghai down -0.7%, Hong Kong up 1.2%, India up 0.3%, and Japan down -0.5%.
European markets are down slightly in the range from 0% to -0.6% this morning about half way through their day.
Today US pre-market futures are down about -0.3% at 8:00 AM EST. It is seldom a good indicator of what will happen but we are due for a small correction soon. Still inflation will stimulate inventory build-up, which will mean profits for suppliers. Suppliers should do well now.
World Outlook
Argentine now has $20 billion of defaulted bonds.
Derivative traders are signaling that the Euro’s slump to a nine-month low will continue even if European Union leaders bail out Greece.
Mexico will Buy Up to $600 Million a Month as Mexico’s central bank buys as much as $600 million a month in the currency market in a push to boost foreign reserves after last year’s peso tumble led policy makers to turn to the International Monetary Fund for help.
It is becoming evident that EU nations are hiding much of their national debt with transactions that keep the debt off the books. Goldman helped Greece and others hide $billions of debt thereby hiding their high risk and putting them well over their heads and unable to pay fair market interest on their existing debt now that it has been disclosed. Interest payments on new debt have become unaffordable and any country that offers Greece aid will lose everything they loan. Greece arranged swap agreements with about 15 securities firms that have helped hide the country’s true deficit.
Greece is actually smaller than California or New York where government employees are sucking the blood out of their taxpayers.
Week of Market Reports:
Tuesday, Feb. 23:
Housing Prices
Consumer Confidence
Wednesday, Feb. 24:
New Home Sales
Ben Bernanke speech
Thursday, Feb. 25:
Unemployment Claims
Durable Goods Orders
Leading Economic Indices
Ben Bernanke speech
Friday, Feb. 26:
GDP Revision
Chicago PM Index
Consumer Sentiment
Existing Home Sales 10am
Market Outlook February 23
Home Depot profits exceeded analysts’ estimates and dividends were raised.
It is expected that Bernacke will continue low rates for the next few months until it is clear that there is no double dip.
The short and interim market direction remains bullish. However, when the market rises close to the next high (in 2 to 4 months) it will likely be a critical time to take profits because FED tightening will likely be occurring soon after. After the next high point the subsequent decline will likely break the old October 30 lows and challenge even the July 2009 low. Our corrected NYSE cash flow index gave its Head & Shoulder neck breakdown sell signal on Jan 29 when the NYSE (corrected for trading volume) broke through the neckline of a head and shoulders formation and it plunged about 3% below. But that signal has a long lead time which allows us to know what is likely two or three months in advance. The reason we cannot do a Market Cash Flow Analysis (MCFA) of the other exchanges is because they use the NYSE volume; they no longer use their own real stock volume.
Asian markets were mixed over night; Shanghai down -0.7%, Hong Kong up 1.2%, India up 0.3%, and Japan down -0.5%.
European markets are down slightly in the range from 0% to -0.6% this morning about half way through their day.
Today US pre-market futures are down about -0.3% at 8:00 AM EST. It is seldom a good indicator of what will happen but we are due for a small correction soon. Still inflation will stimulate inventory build-up, which will mean profits for suppliers. Suppliers should do well now.
Subscribe to:
Posts (Atom)