If Obama only knew that socialist-Democrats on the Senate Banking Committee caused this current meltdown.
Racist socialist-Democrats wanting to redistribute wealth to a particular minority forced lenders to turn a blind eye and ask no financial questions of people having no visible means of paying back mortgages. The racist socialist-Democrats stupidly argued that home prices would rise forever and give those people a free ride to wealth. The result was the Democratically controlled Senate (while Obama was a part of it) undermined the mortgage industry and secretly destroyed the mortgage derivatives risk ratings system that ultimately brought down the world banking system. Obama is a bald-faced liar saying that President Bush was responsible for the financial meltdown.
Had the racist socialist-Democrats in the Senate not forced banks to lend to indigent people of their own race the meltdown would have been delayed until the Socialist PIGS (Portugal, Ireland, Greece, and Spain) went bankrupt. Socialist Iceland, which loves to tout that it is the only country run by women, was first country to declare insolvency this time.
Osama Obama yesterday said that America is strong enough to absorb another 911 attack. Obama is an embarrassment to America. He is virtually challenging the Moslem Jihadist moral morons to attack again.
World Markets:
Normally unemployment in the socialist EU is about twice that in America. At best Spain gets down to 8% but today in Spain unemployment is at 20%.
China's use of a devalued currency to wage economic war on the West could now lead idiot Obama to wage a tariff war like the one that contributed to the FDR depression of 1933 to WWII. If Obama would read a few books instead of just a teleprompter he would find out that tariff wars have no winners.
Economic Calendar
Case-Shiller 20-city Index of home prices in Jul rose 3.2% vs. 4.2% last month a weakening in home price increases but still good.
Consumer Confidence Sep decreased to 48.5 from53.5 last month and that is quite bad.
Crude Inventories 09/25 fell 500,000 barrels and the price of oil is increasing again.
This week
Sep 30 8:30 AM GDP - Third Estimate Q2
Sep 30 8:30 AM GDP - Deflator Q2
Sep 30 8:30 AM Initial Claims 09/25
Sep 30 8:30 AM Continuing Claims 09/18
Sep 30 9:45 AM Chicago PMI Sep
Oct 1 8:30 AM Personal Income Aug
Oct 1 8:30 AM Personal Spending Aug
Oct 1 8:30 AM PCE Prices - Core Aug
Oct 1 9:55 AM U Michigan Consumer Sentiment - Final Sep
Oct 1 10:00 AM Construction Spending Aug
Oct 1 10:00 AM ISM Index Sep
Oct 1 2:00 PM Auto Sales Sep
Oct 1 2:00 PM Truck Sales Sep
Market Outlook Sept 30, 2010
Profit taking is advisable especially in commodities like silver that do not realistically have any probability of increased demand. In fact copper production is rising and with it is the rise in supply of silver which is a by-product. Gold has some potential use as a hedge for possible European currency devaluation. Other commodities such as grains can be expected to be volatile because the supply and demand regions are far apart this year. Grain prices are rising faster than gold.
The two main costs of American Health care are corruption and litigation not the health care itself. 60-minutes year after year has exposed the fact that the government does not certify that health care related providers are real let alone honest before the government pays them for the billed services. What they show is $billions being paid to phony companies. Stealing from the American health care system is so lucrative that criminals give up their illegal drug businesses to steal from the American corrupt socialist run health care system. What 60 minutes does not show is that doctors and dentists become corrupt themselves to recover their costs. A single surface dental filling becomes a dual surface procedure so that the dentist gets twice what the government allows as the cost. That is just one example of how the system is corrupting providers. Litigation costs are paid for by doctors requiring additional unnecessary tests to avoid manufactured phony malpractice litigation by trial lawyers. America has four times as many lawyers per capita as Germany and Japan and China has no lawyers. Think about how much better it would be if all those American lawyers were investigating government agency related fraud instead.
Consumer confidence is dropping again as Obama enacted socialist government expansion of a powerful consumer litigation agency this week to further harass private corporations and kill private enterprise. Government related fraud in the mean time runs amuck. Obama already told insurance companies that they have to cover even married children to the age of 26 and cannot increase premiums so private insurance companies get driven out of business so that criminals can corrupt all coverage they way 60 minutes has shown they already corrupted government insurance.
It is too difficult for criminals to deal with private insurers because the private ones check to see if the charges are real or fraudulent before they pay. Obama doesn't want to subject his criminal supporters to that risk. Only stupid racist affirmative action government workers can assure that crime pays in socialist countries. His goal is corruption comparable to Malaysia and Nigeria his homelands.
EU sovereign debt issues are growing again and California is closer to bankruptcy now.
Deflation remains the world's greatest threat, so the FED is trying to raise inflation expectations to unleash the cash being held back due to Obama's incoherent tax policies. Stupid socialist-democrats parrot Obama's claim that he will give a tax cut when in fact he is just not having the Bush tax cut expire. Obama's speeches sound very much like "Big Brother" in George Orwell's book entitled "1984". Greenspan has advised that the tax cuts be allowed to expire.
World Markets
Asian markets were mixed again last night. Shanghai was up 1.7%, Hong Kong down -0.1%, India up 0.6%, and Japan down -2.0%.
European markets are down sharply this morning in a range of about -0.3% to -1% about half way through their day as American futures just begin to rise.
US pre-market futures were down slightly again, down -0.1% at 8 AM EST.
Thursday, September 30, 2010
Wednesday, September 29, 2010
TrimTabs Investment Research again suggests that the Federal Reserve and U.S. Government are rigging the stock market
TrimTabs Investment Research again suggests that the Federal Reserve and U.S. Government are rigging the stock market
They say it is the only logical conclusion as to market cap recently rose again causing the market to soar, while economy faltered and traditional sources of capital remained neutral. “We have no way of proving this,” said Biderman, “but what we do know is that it was neither the economy nor traditional sources of capital that created the boom in equities.” Biderman said the same thing in March 2009 and that if government has been behind the sharp stock rise; it could trigger a major equities meltdown when the government stops buying and even worse, starts selling.
Given the fact that the dark side is in power for at least two more years it will not be possible to unravel the socialist legislation in time to stop Obama fast enough to turn the economy around. That is why we have said the market would be volatile and have been taking profits. Dis-inflation will not drive gold prices higher. The socialists have been building a lost generation of native lazy Americans plus immigrants too lazy to enter legally and so lazy they can't learn English. Now if you don't think that is just lazy what do you think is the reason they don't learn English, low intelligence? Do you think they are just intellectually challenged? That isn't nice to say. English is the business language of the entire world including Spain. It is pure socialist laziness on the part of ungrateful immigrants who fly the American flag upside down beneath the Mexican flag. Mexicans flock across the border to visit America legally and to have their babies born in American hospitals. Obama says that is how he became an American citizen although no one has yet to show a copy of Obama's original birth certificate. He says his mom flew in to Hawaii from Malaysia to have him in America. The birth certificate he has on the web may be officially issued but it is not signed and dated by a witness, as are original American birth certificates.
World Markets:
Normally unemployment in the socialist EU is about twice that in America. At best Spain gets down to 8% but today in Spain it is at 20%.
Economic Calendar
Sep 28 9:00 AM Case-Shiller 20-city Index of home prices in Jul rose 3.2% vs. 4.2% last month a weakening in home price increases but still good.
Sep 28 10:00 AM Consumer Confidence Sep decreased to 48.5 from53.5 last month and that is quite bad.
This week
Sep 29 10:30 AM Crude Inventories 09/25
Sep 30 8:30 AM GDP - Third Estimate Q2
Sep 30 8:30 AM GDP - Deflator Q2
Sep 30 8:30 AM Initial Claims 09/25
Sep 30 8:30 AM Continuing Claims 09/18
Sep 30 9:45 AM Chicago PMI Sep
Oct 1 8:30 AM Personal Income Aug
Oct 1 8:30 AM Personal Spending Aug
Oct 1 8:30 AM PCE Prices - Core Aug
Oct 1 9:55 AM U Michigan Consumer Sentiment - Final Sep
Oct 1 10:00 AM Construction Spending Aug
Oct 1 10:00 AM ISM Index Sep
Oct 1 2:00 PM Auto Sales Sep
Oct 1 2:00 PM Truck Sales Sep
Market Outlook Sept 29, 2010
Consumer confidence is dropping again as Obama enacts socialist government expansion of a powerful consumer litigation agency this week to further harass corporations and kill private enterprise. They have already told insurance companies that thae have to cover even married children to the age of 26 and cannot increase premiums so they can drive private insurance companies out of business so that criminals can corrupt all coverage they way 60 minutes has shown they already corrupted government insurance.
It is too difficult for criminals to deal with private insurers because the private ones check to see if the charges are real or fraudulent before they pay. Obama doesn't want to subject his criminal supporters to that risk. Only stupid racist affirmative action government workers can assure that crime pays in socialist countries. His goal is corruption comparable to Malaysia and Nigeria his homelands.
EU sovereign debt issues are growing again and California is closer to bankruptcy now.
Deflation remains the world's greatest threat, so the FED is trying to raise inflation expectations to unleash the cash being held back due to Obama's incoherent tax policies. Stupid socialist-democrats parrot Obama's claim that he will give a tax cut when in fact he is just not having the Bush tax cut expire. Obama's speeches sound very much like "Big Brother" in George Orwell's book entitled "1984". Greenspan has advised that the tax cuts be allowed to expire.
Profit taking is advisable especially in commodities like silver that do not realistically have any probability of increased demand as gold has with possible European currency devaluation's. In fact copper production is rising and with it is the rise in supply of silver which is a by-product. Other commodities such as grains can be expected to be volatile because the supply and demand regions are far apart this year.
World Markets
Asian markets were mixed last night. Shanghai was down -0.1%, Hong Kong up -1.2%, India down -0.7%, and Japan up 0.7%.
European markets are down this morning in a range of about -0.2% to -0.3% about half way through their day as American futures just begin to rise.
US pre-market futures were down slightly, down -0.1% at 7 AM EST.
They say it is the only logical conclusion as to market cap recently rose again causing the market to soar, while economy faltered and traditional sources of capital remained neutral. “We have no way of proving this,” said Biderman, “but what we do know is that it was neither the economy nor traditional sources of capital that created the boom in equities.” Biderman said the same thing in March 2009 and that if government has been behind the sharp stock rise; it could trigger a major equities meltdown when the government stops buying and even worse, starts selling.
Given the fact that the dark side is in power for at least two more years it will not be possible to unravel the socialist legislation in time to stop Obama fast enough to turn the economy around. That is why we have said the market would be volatile and have been taking profits. Dis-inflation will not drive gold prices higher. The socialists have been building a lost generation of native lazy Americans plus immigrants too lazy to enter legally and so lazy they can't learn English. Now if you don't think that is just lazy what do you think is the reason they don't learn English, low intelligence? Do you think they are just intellectually challenged? That isn't nice to say. English is the business language of the entire world including Spain. It is pure socialist laziness on the part of ungrateful immigrants who fly the American flag upside down beneath the Mexican flag. Mexicans flock across the border to visit America legally and to have their babies born in American hospitals. Obama says that is how he became an American citizen although no one has yet to show a copy of Obama's original birth certificate. He says his mom flew in to Hawaii from Malaysia to have him in America. The birth certificate he has on the web may be officially issued but it is not signed and dated by a witness, as are original American birth certificates.
World Markets:
Normally unemployment in the socialist EU is about twice that in America. At best Spain gets down to 8% but today in Spain it is at 20%.
Economic Calendar
Sep 28 9:00 AM Case-Shiller 20-city Index of home prices in Jul rose 3.2% vs. 4.2% last month a weakening in home price increases but still good.
Sep 28 10:00 AM Consumer Confidence Sep decreased to 48.5 from53.5 last month and that is quite bad.
This week
Sep 29 10:30 AM Crude Inventories 09/25
Sep 30 8:30 AM GDP - Third Estimate Q2
Sep 30 8:30 AM GDP - Deflator Q2
Sep 30 8:30 AM Initial Claims 09/25
Sep 30 8:30 AM Continuing Claims 09/18
Sep 30 9:45 AM Chicago PMI Sep
Oct 1 8:30 AM Personal Income Aug
Oct 1 8:30 AM Personal Spending Aug
Oct 1 8:30 AM PCE Prices - Core Aug
Oct 1 9:55 AM U Michigan Consumer Sentiment - Final Sep
Oct 1 10:00 AM Construction Spending Aug
Oct 1 10:00 AM ISM Index Sep
Oct 1 2:00 PM Auto Sales Sep
Oct 1 2:00 PM Truck Sales Sep
Market Outlook Sept 29, 2010
Consumer confidence is dropping again as Obama enacts socialist government expansion of a powerful consumer litigation agency this week to further harass corporations and kill private enterprise. They have already told insurance companies that thae have to cover even married children to the age of 26 and cannot increase premiums so they can drive private insurance companies out of business so that criminals can corrupt all coverage they way 60 minutes has shown they already corrupted government insurance.
It is too difficult for criminals to deal with private insurers because the private ones check to see if the charges are real or fraudulent before they pay. Obama doesn't want to subject his criminal supporters to that risk. Only stupid racist affirmative action government workers can assure that crime pays in socialist countries. His goal is corruption comparable to Malaysia and Nigeria his homelands.
EU sovereign debt issues are growing again and California is closer to bankruptcy now.
Deflation remains the world's greatest threat, so the FED is trying to raise inflation expectations to unleash the cash being held back due to Obama's incoherent tax policies. Stupid socialist-democrats parrot Obama's claim that he will give a tax cut when in fact he is just not having the Bush tax cut expire. Obama's speeches sound very much like "Big Brother" in George Orwell's book entitled "1984". Greenspan has advised that the tax cuts be allowed to expire.
Profit taking is advisable especially in commodities like silver that do not realistically have any probability of increased demand as gold has with possible European currency devaluation's. In fact copper production is rising and with it is the rise in supply of silver which is a by-product. Other commodities such as grains can be expected to be volatile because the supply and demand regions are far apart this year.
World Markets
Asian markets were mixed last night. Shanghai was down -0.1%, Hong Kong up -1.2%, India down -0.7%, and Japan up 0.7%.
European markets are down this morning in a range of about -0.2% to -0.3% about half way through their day as American futures just begin to rise.
US pre-market futures were down slightly, down -0.1% at 7 AM EST.
Tuesday, September 28, 2010
The FED sees Japanese style disinflation as the greatest USA risk as core prices flat-line
The FED sees Japanese style disinflation as the greatest USA risk as core prices flat-line
Yet in many ways the stock market is reacting as though we were in the lost years of the 1970's when about two thirds of investors became disgusted and stopped trading securities. It is beginning to look like S&P 1000 may come before S&P 1250. Future earnings projections are looking too high. We could be in a lost decade again but it may be the decade of Obama socialism rather than Carter despair, stagflation, and the misery index. Obama and Carter have similarities. Both were initially thought to be bright but were disappointments. Both are socialists and both have been national one-term disasters. In fact perhaps Lyndon Johnson needs to be included because he was another one term national disaster.
The point we are making is that these presidents were incoherent and from the dark side, that of government micro-economic meddling called socialism. Lyndon ran up a guns and butter disastrous Vietnam War debt fought by drug users and frauds like Senator Kerry who wrote his disgusting book about his hallucinated American psycho-crimes. You may still be able to find it on the web. His opponents published free on the web because he would definitely have been far worse than even Obama perhaps even our first psycho-president. Read his book if you doubt it, especially what Kerry says they did to captured N. Vietnamese nurses.
Given the fact that the dark side is in power for at least two more years it will not be possible to unravel the socialist legislation in time to stop Obama fast enough to turn the economy around. That is why we have said the market would be volatile and have been taking profits. Dis-inflation will not drive gold prices higher. The socialists have been building a lost generation of lazy Americans and immigrants to lazy to enter legally and too lazy to learn English. Now if you don't think that is just lazy what do you think is the reason they don't learn English? Do you think they are just intellectually challenged? English is the business language of the entire world including Spain. It is pure socialist laziness on the part of ungrateful immigrants who fly the American flag upside down beneath the Mexican flag. Mexicans flock across the border to visit America legally and to have their babies born in American hospitals. Obama says that is how he is an American citizen although no one has yet to show a copy of Obama's original birth certificate. The one on the web may be official but it is not signed and dated by a witness, as are original American birth certificates.
The leftists say that American Free Enterprise recently failed after over 200 years of success and we are in a pickle and need to reconsider the hammer and the sickle. How stupid can Obama be? Recessions are not over until unemployment returns to a normal level. The recession is not over unless they want to say we have entered the Obama depression and the current unemployment level is the new normal 10% Obama level. If it was over last year then the current economy is Obama's fault at long last, isn't it. He can't blame Bush any more! We have had 15 economic panics and 5 depressions all of which we handled. But stupid Obama leftists are out saying that without Obama's socialism, this last one would have been fatal for the economy. It just illustrates their ignorance and stupidity as they trample on our freedoms and the Constitution.
World Markets:
China is unique and seems to be making a real attempt to free the intelligence, skill, and work ethic of its productive people… and it makes for 8% growth for the entire nation. They are entertaining wealthy American investors this week.
Economic Calendar
This week
Sep 28 9:00 AM Case-Shiller 20-city Index Jul
Sep 28 10:00 AM Consumer Confidence Sep
Sep 29 10:30 AM Crude Inventories 09/25
Sep 30 8:30 AM GDP - Third Estimate Q2
Sep 30 8:30 AM GDP - Deflator Q2
Sep 30 8:30 AM Initial Claims 09/25
Sep 30 8:30 AM Continuing Claims 09/18
Sep 30 9:45 AM Chicago PMI Sep
Oct 1 8:30 AM Personal Income Aug
Oct 1 8:30 AM Personal Spending Aug
Oct 1 8:30 AM PCE Prices - Core Aug
Oct 1 9:55 AM U Michigan Consumer Sentiment - Final Sep
Oct 1 10:00 AM Construction Spending Aug
Oct 1 10:00 AM ISM Index Sep
Oct 1 2:00 PM Auto Sales Sep
Oct 1 2:00 PM Truck Sales Sep
Market Outlook Sept 28, 2010
There is decided pessimism returning to the free markets as it is apparent that throwing out the congressional socialists may not ever allow Obama's socialism to be reversed because it was ram through with a plurality that probably will never be granted by the electorate again.
Also, EU sovereign debt issues are growing again and California is closer to bankruptcy now.
Deflation remains the world's greatest threat. So the FED is trying to raise inflation expectations to unleash the cash being held back due to Obama's incoherent tax policies. Stupid socialist-democrats parrot Obama's claim that he will give a tax cut when in fact he is just not having the Bush tax cut expire. Obama's speeches sound very much like "Big Brother" in George Orwell's book entitled "1984". Greenspan has advised that the tax cuts be allowed to expire.
Profit taking is advisable especially in commodities like silver that do not realistically have any probability of increased demand as gold has with possible European currency devaluation's. In fact copper production is rising and with it is the rise in supply of silver which is a by-product. Other commodities such as grains can be expected to be volatile because the supply and demand regions are far apart this year.
World Markets
Asian markets were down last night. Shanghai was down -0.6%, Hong Kong down -1%, India down -0.1%, and Japan down -1.1%.
European markets are flat this morning in a range of about -0.2% to +0.3% about half way through their day as American futures just begin to rise.
US pre-market futures were up slightly like yesterday. Up 0.2% to 0.4% at 8:30 AM.
Yet in many ways the stock market is reacting as though we were in the lost years of the 1970's when about two thirds of investors became disgusted and stopped trading securities. It is beginning to look like S&P 1000 may come before S&P 1250. Future earnings projections are looking too high. We could be in a lost decade again but it may be the decade of Obama socialism rather than Carter despair, stagflation, and the misery index. Obama and Carter have similarities. Both were initially thought to be bright but were disappointments. Both are socialists and both have been national one-term disasters. In fact perhaps Lyndon Johnson needs to be included because he was another one term national disaster.
The point we are making is that these presidents were incoherent and from the dark side, that of government micro-economic meddling called socialism. Lyndon ran up a guns and butter disastrous Vietnam War debt fought by drug users and frauds like Senator Kerry who wrote his disgusting book about his hallucinated American psycho-crimes. You may still be able to find it on the web. His opponents published free on the web because he would definitely have been far worse than even Obama perhaps even our first psycho-president. Read his book if you doubt it, especially what Kerry says they did to captured N. Vietnamese nurses.
Given the fact that the dark side is in power for at least two more years it will not be possible to unravel the socialist legislation in time to stop Obama fast enough to turn the economy around. That is why we have said the market would be volatile and have been taking profits. Dis-inflation will not drive gold prices higher. The socialists have been building a lost generation of lazy Americans and immigrants to lazy to enter legally and too lazy to learn English. Now if you don't think that is just lazy what do you think is the reason they don't learn English? Do you think they are just intellectually challenged? English is the business language of the entire world including Spain. It is pure socialist laziness on the part of ungrateful immigrants who fly the American flag upside down beneath the Mexican flag. Mexicans flock across the border to visit America legally and to have their babies born in American hospitals. Obama says that is how he is an American citizen although no one has yet to show a copy of Obama's original birth certificate. The one on the web may be official but it is not signed and dated by a witness, as are original American birth certificates.
The leftists say that American Free Enterprise recently failed after over 200 years of success and we are in a pickle and need to reconsider the hammer and the sickle. How stupid can Obama be? Recessions are not over until unemployment returns to a normal level. The recession is not over unless they want to say we have entered the Obama depression and the current unemployment level is the new normal 10% Obama level. If it was over last year then the current economy is Obama's fault at long last, isn't it. He can't blame Bush any more! We have had 15 economic panics and 5 depressions all of which we handled. But stupid Obama leftists are out saying that without Obama's socialism, this last one would have been fatal for the economy. It just illustrates their ignorance and stupidity as they trample on our freedoms and the Constitution.
World Markets:
China is unique and seems to be making a real attempt to free the intelligence, skill, and work ethic of its productive people… and it makes for 8% growth for the entire nation. They are entertaining wealthy American investors this week.
Economic Calendar
This week
Sep 28 9:00 AM Case-Shiller 20-city Index Jul
Sep 28 10:00 AM Consumer Confidence Sep
Sep 29 10:30 AM Crude Inventories 09/25
Sep 30 8:30 AM GDP - Third Estimate Q2
Sep 30 8:30 AM GDP - Deflator Q2
Sep 30 8:30 AM Initial Claims 09/25
Sep 30 8:30 AM Continuing Claims 09/18
Sep 30 9:45 AM Chicago PMI Sep
Oct 1 8:30 AM Personal Income Aug
Oct 1 8:30 AM Personal Spending Aug
Oct 1 8:30 AM PCE Prices - Core Aug
Oct 1 9:55 AM U Michigan Consumer Sentiment - Final Sep
Oct 1 10:00 AM Construction Spending Aug
Oct 1 10:00 AM ISM Index Sep
Oct 1 2:00 PM Auto Sales Sep
Oct 1 2:00 PM Truck Sales Sep
Market Outlook Sept 28, 2010
There is decided pessimism returning to the free markets as it is apparent that throwing out the congressional socialists may not ever allow Obama's socialism to be reversed because it was ram through with a plurality that probably will never be granted by the electorate again.
Also, EU sovereign debt issues are growing again and California is closer to bankruptcy now.
Deflation remains the world's greatest threat. So the FED is trying to raise inflation expectations to unleash the cash being held back due to Obama's incoherent tax policies. Stupid socialist-democrats parrot Obama's claim that he will give a tax cut when in fact he is just not having the Bush tax cut expire. Obama's speeches sound very much like "Big Brother" in George Orwell's book entitled "1984". Greenspan has advised that the tax cuts be allowed to expire.
Profit taking is advisable especially in commodities like silver that do not realistically have any probability of increased demand as gold has with possible European currency devaluation's. In fact copper production is rising and with it is the rise in supply of silver which is a by-product. Other commodities such as grains can be expected to be volatile because the supply and demand regions are far apart this year.
World Markets
Asian markets were down last night. Shanghai was down -0.6%, Hong Kong down -1%, India down -0.1%, and Japan down -1.1%.
European markets are flat this morning in a range of about -0.2% to +0.3% about half way through their day as American futures just begin to rise.
US pre-market futures were up slightly like yesterday. Up 0.2% to 0.4% at 8:30 AM.
Monday, September 27, 2010
Government workers need to be kept to a minimum since they are inclined towards treasury looting like the Belle California town employees engaged in.
Government workers need to be kept to a minimum since they are inclined towards treasury looting like the Belle California town employees engaged in.
Historically Americans kept government workers to a minimum since they tend to be inclined towards the treasury looting like the Belle California town employees engaged in.
It is also common practice of socialists in Russia and apparently Hartford Connecticut to shakedown investors with demands for bribes wherever the leftists get control of government. Hartford mayor Perez will now serve his time for corruption.
World Markets:
Cuba will lay off 500,000 government workers not because they want a free economy but because they have no productive people left to loot any more. Socialist countries become impoverished as they run out of productive people to loot and then kill to confiscate their property as they did in the USSR and Germany in the 1930's. The 500 laid off workers will hopefully work hard so that Castro will have a few more people to loot.
China is unique and seems to be making a real attempt to free the intelligence, skill, and work ethic of its productive people… and it makes for 8% growth for the entire nation.
Obama is ignorant in that he knows more about Malaysian and Nigerian history than he knows about the founding principles of America. He shows his stupidity by not even caring to learn about what made America great. Finally he proves he is not even attempting to at least surround himself with capable advisors. He is surrounded with many women, minorities, and pedagogues selected for racial and leftist reasons rather than for knowledge, competence, or accomplishments. He has no advisors who represent people who know how to create growth other than destructive government growth.
Economic Calendar
The leftists say that American Free Enterprise failed after over 200 years of success and we are in a pickle and need to reconsider the hammer and the sickle. How stupid can Obama be? Recessions are not over until unemployment returns to a normal level. The recession is not over unless they want to say we have entered the Obama depression and the current unemployment level is the new normal 10% Obama level. We have had 15 economic panics and 5 depressions all of which we handled but stupid Obama leftists are out saying that without Obama, this last one would have been fatal for the economy. It just illustrates their ignorance and stupidity as they trample on our freedoms.
Friday
Last month we were reported that the Durable Orders figures were manipulated. This month they correct the problem by screwing it up in the opposite direction to fix the problem.
Durable Orders Aug were down 1.4% after being up 0.3% last month.
Durable Orders -ex Transportation Aug were up 2% after being reported down 3.7% last month.
New Home Sales Aug at 288K vs. 276k reported last month. However they manipulated last month up to 288k with this report so that there is no improvement reported. The market ignored this information last Friday.
This week
Sep 28 9:00 AM Case-Shiller 20-city Index Jul
Sep 28 10:00 AM Consumer Confidence Sep
Sep 29 10:30 AM Crude Inventories 09/25
Sep 30 8:30 AM GDP - Third Estimate Q2
Sep 30 8:30 AM GDP - Deflator Q2
Sep 30 8:30 AM Initial Claims 09/25
Sep 30 8:30 AM Continuing Claims 09/18
Sep 30 9:45 AM Chicago PMI Sep
Oct 1 8:30 AM Personal Income Aug
Oct 1 8:30 AM Personal Spending Aug
Oct 1 8:30 AM PCE Prices - Core Aug
Oct 1 9:55 AM U Michigan Consumer Sentiment - Final Sep
Oct 1 10:00 AM Construction Spending Aug
Oct 1 10:00 AM ISM Index Sep
Oct 1 2:00 PM Auto Sales Sep
Oct 1 2:00 PM Truck Sales Sep
Market Outlook Sept 27, 2010
Friday the market rose back to the breakout resistance level. But this rally could go a lot further. Today could be the day because corporate cash is being released for expansion as the elections promise hope that the socialists will be thrown out of office.
Deflation remains the world's greatest threat. So the FED is trying to raise inflation expectations to unleash the cash being held back due to Obama's incoherent tax policies.
Profit taking is still advisable especially in commodities like silver that do not realistically have any probability of increased demand as gold has with possible European currency devaluation's. In fact copper production is rising and with it is the rise in supply of silver which is a by-product.
World Markets
Asian markets were up last night catching up with the Friday advance in the USA. Shanghai was up 1.4%, Hong Kong up 1%, India up 0.4%, and Japan up 1.4%.
European markets are rising this morning in a range of about 0.1% to 0.4% about half way through their day as American futures just begin to rise.
US pre-market futures were up slightly, 0.2% to 0.3% but just rose briefly to be up about 2% this morning at 7:30 AM. Europe may follow.
Historically Americans kept government workers to a minimum since they tend to be inclined towards the treasury looting like the Belle California town employees engaged in.
It is also common practice of socialists in Russia and apparently Hartford Connecticut to shakedown investors with demands for bribes wherever the leftists get control of government. Hartford mayor Perez will now serve his time for corruption.
World Markets:
Cuba will lay off 500,000 government workers not because they want a free economy but because they have no productive people left to loot any more. Socialist countries become impoverished as they run out of productive people to loot and then kill to confiscate their property as they did in the USSR and Germany in the 1930's. The 500 laid off workers will hopefully work hard so that Castro will have a few more people to loot.
China is unique and seems to be making a real attempt to free the intelligence, skill, and work ethic of its productive people… and it makes for 8% growth for the entire nation.
Obama is ignorant in that he knows more about Malaysian and Nigerian history than he knows about the founding principles of America. He shows his stupidity by not even caring to learn about what made America great. Finally he proves he is not even attempting to at least surround himself with capable advisors. He is surrounded with many women, minorities, and pedagogues selected for racial and leftist reasons rather than for knowledge, competence, or accomplishments. He has no advisors who represent people who know how to create growth other than destructive government growth.
Economic Calendar
The leftists say that American Free Enterprise failed after over 200 years of success and we are in a pickle and need to reconsider the hammer and the sickle. How stupid can Obama be? Recessions are not over until unemployment returns to a normal level. The recession is not over unless they want to say we have entered the Obama depression and the current unemployment level is the new normal 10% Obama level. We have had 15 economic panics and 5 depressions all of which we handled but stupid Obama leftists are out saying that without Obama, this last one would have been fatal for the economy. It just illustrates their ignorance and stupidity as they trample on our freedoms.
Friday
Last month we were reported that the Durable Orders figures were manipulated. This month they correct the problem by screwing it up in the opposite direction to fix the problem.
Durable Orders Aug were down 1.4% after being up 0.3% last month.
Durable Orders -ex Transportation Aug were up 2% after being reported down 3.7% last month.
New Home Sales Aug at 288K vs. 276k reported last month. However they manipulated last month up to 288k with this report so that there is no improvement reported. The market ignored this information last Friday.
This week
Sep 28 9:00 AM Case-Shiller 20-city Index Jul
Sep 28 10:00 AM Consumer Confidence Sep
Sep 29 10:30 AM Crude Inventories 09/25
Sep 30 8:30 AM GDP - Third Estimate Q2
Sep 30 8:30 AM GDP - Deflator Q2
Sep 30 8:30 AM Initial Claims 09/25
Sep 30 8:30 AM Continuing Claims 09/18
Sep 30 9:45 AM Chicago PMI Sep
Oct 1 8:30 AM Personal Income Aug
Oct 1 8:30 AM Personal Spending Aug
Oct 1 8:30 AM PCE Prices - Core Aug
Oct 1 9:55 AM U Michigan Consumer Sentiment - Final Sep
Oct 1 10:00 AM Construction Spending Aug
Oct 1 10:00 AM ISM Index Sep
Oct 1 2:00 PM Auto Sales Sep
Oct 1 2:00 PM Truck Sales Sep
Market Outlook Sept 27, 2010
Friday the market rose back to the breakout resistance level. But this rally could go a lot further. Today could be the day because corporate cash is being released for expansion as the elections promise hope that the socialists will be thrown out of office.
Deflation remains the world's greatest threat. So the FED is trying to raise inflation expectations to unleash the cash being held back due to Obama's incoherent tax policies.
Profit taking is still advisable especially in commodities like silver that do not realistically have any probability of increased demand as gold has with possible European currency devaluation's. In fact copper production is rising and with it is the rise in supply of silver which is a by-product.
World Markets
Asian markets were up last night catching up with the Friday advance in the USA. Shanghai was up 1.4%, Hong Kong up 1%, India up 0.4%, and Japan up 1.4%.
European markets are rising this morning in a range of about 0.1% to 0.4% about half way through their day as American futures just begin to rise.
US pre-market futures were up slightly, 0.2% to 0.3% but just rose briefly to be up about 2% this morning at 7:30 AM. Europe may follow.
Friday, September 24, 2010
Productive people are deploying their money to minimize the amount that Obama can legally steal
Socialists are economically challenged morons. They do not understand that when you make it known that you intend to steal the earnings of productive people the productive people delay their profit taking (earnings) by letting their investments run until a more intelligent economic policy is introduced. That is why $trillions of money is not flowing into the economy at this time. Productive people are deploying their money to minimize the amount that Obama can legally steal hoping the leftists socialists of both political parties are thrown out of office in November.
It is a leftist fallacy which posits that a government managed economy is better than the free market. That is because leftist socialists tend to be unrealistic at best and corrupt homicidal paranoid psychotics like international socialist Stalin and nationalist socialist Hitler at worst. Leftist lunatics now call free enterprise supporters the wacko wing and leftists protest against students who proudly chant USA, USA at football games because leftists say that 911 inspired chant offends Moslem terrorists. Iran's moron leftist Moslem president was at the UN yesterday to tell Americans that America secretly blew up the World Trade Center to help Israel. Note that all the Moslem Jihadist morons share Stalin's and Hitler's same hatred of Jews and Americans. The American leftist lunatics have always been into ridiculing and shouting down liberty loving Americans and are into name calling now. Now good Americans are getting mad as hell and finally fed up with the leftist lunatics and their dismantling of the American Economy, the weakening of American Security Forces, and their extreme corruption of their ilk as exemplified by the thieving dimwitted leftist politicians of Belle California. The leftists think your money is their money to take and to do with as they please. If they leave you a little of the money you earned… you are supposed to be grateful to them.
Today Detroit leftist Obama supporting union members were shown drinking and smoking pot on lunch break before going back to the automobile plant. Why won't the Obama unions let the leftist potheads be fired so that productive Americans can have their jobs?
World Markets:
Pressure on Sovereign bonds of the socialist countries known as the PIGS is slowly rising again as Ireland and Greece hesitate to cut government jobs. Political patronage government workers are paid with the taxes raised from private producers. They are a monkey on the back of all economies. Historically Americans kept government workers to a minimum since they tend to be inclined towards the treasury looting that the Belle California town employees engaged in. Cuba will lay off 500,000 government workers not because they want a free economy but because they have no productive people to loot any more. Socialist countries become impoverished as they run out of productive people to loot and then kill to confiscate their property as they did in the USSR and Germany in the 1930's.
Economic Calendar
The leftists say that American Free Enterprise failed after over 200 years of success and we are in a pickle and need to reconsider the hammer and the sickle. How stupid can Obama be? But now the recession has been declared over and the American people are declaring that Obama's Marxist reign will also be over soon. Obama fired two of his economic advisors thus far. They can go back to their Marxist chairmanships at Harvard and other little RED schoolhouses. Recessions are not over until unemployment returns to a normal level. The recession is unfortunately not over unless they want to say we have entered the Obama depression and the current unemployment levels are the new normal 10% Obama level.
The problem with America's educational system is all the unqualified leftist teachers and professors and their unions. America needs to fire all the socialists and other leftists in the system and be sensitive to the needs of the private sector if we are going to raise the level education in America.
NAHB Market Index remained at 13 which means the home building industry could be bottoming out. Of course Jim Cramer said it bottomed in July of 2009, and he thinks it is time to buy gold and silver now at the high point.
Housing Starts Aug rose to 598K from 546K reported last month is a sign housing has bottomed. Housing is a big employer. Still that is dangerous since there is an inventory of over a year's worth of stock.
Building Permits Aug rose to 569 from 565K which implies the housing improvement ahead is going to be slower than last month.
FOMC Rate Decision 9/21 was to keep interest rates at 0.25% allowing banks to make a good profit. The banks are however trying to confound and deceive the public to collect more fees. While they publicize low interest rates they quietly charge high points to take profits early.
Crude Inventories 09/18 increased 0.7M after declining 2.4M last week
Yesterday
Initial Claims 09/18 rose to 465K from 450K reported last week showing that Obama lies when he says the recession is over.
Continuing Claims 09/11 rose to 4489K from 4485K-reported last week. If Obama created or saved any jobs it was just more incompetent lazy government workers who discriminate against productive Americans as they do in the Federal Farm Bureau and in social services.
Existing Home Sales Aug rose to 4.1M from 3.8M showing that housing seems to have bottomed 14 months after GE.MESSNBC/Pravda/ said housing bottomed.
Leading Indicators Aug rose 0.3% after rising 0.1% last month which is good news. We will not know if it is the truth though until after November because socialists use economic statistics for propaganda lies and they may be trying to influence elections now to say the government worker, auto union, and teacher's union pension stimulus packages worked.
Today
Sep 24 8:30 AM Durable Orders Aug
Sep 24 8:30 AM Durable Orders -ex Transportation Aug
Sep 24 10:00 AM New Home Sales Aug
Market Outlook Sept 24, 2010
The Wednesday NYSE decline was not good news. It indicates the upward resistance level is holding again at this time. The evidence that the intermediate bear market move may be near ending is weakening. We are again skipping the low side of 100-day moving average.
Deflation remains the world's greatest threat. Profit taking is advisable especially in commodities like silver that do not realistically have any probability of increased demand as gold has with possible European currency devaluation's. In fact copper production is rising and with it is the rise in supply of silver which is a by-product.
World Markets
Asian markets were flat last night. Shanghai was up 0.1%, Hong Kong up 0.3%, India up 0.9%, and Japan down -1%.
European markets are flat this morning in a range of about -0.2% to 0% about half way through their day.
US pre-market futures are up slightly, 0.2% to 0.5% this morning at 8:00 AM.
0bama, the racist, wants every person of his race to get a no-money-down house and then tax productive Americans to bail his brethren out and forgive their debts. There is a video out now of an interview with Obama's illegal alien aunt. She said God gave this land to Americans and now she wants her share.
Obama also gave $billions of taxpayer funds to American farmers of his race. It has been discovered that the family of the racist Farm Bureau employee who had been fired for discriminating against white farmers had received $20million from Obama's racist black reparation legislation. It is time to kick Obama's racist American Socialist State (ASS) out of office. Then he should be arrested and tried for his racist looting of the American treasury just like the corrupt politicians in Belle California. Remember Obama and his corrupt followers said they would put the Bush administration on trial if they got elected. But Bush was not corrupt, or guilty of the left's false charges of torture that the Obama Marxists and Al Quaeda mass murderers claimed.
It is a leftist fallacy which posits that a government managed economy is better than the free market. That is because leftist socialists tend to be unrealistic at best and corrupt homicidal paranoid psychotics like international socialist Stalin and nationalist socialist Hitler at worst. Leftist lunatics now call free enterprise supporters the wacko wing and leftists protest against students who proudly chant USA, USA at football games because leftists say that 911 inspired chant offends Moslem terrorists. Iran's moron leftist Moslem president was at the UN yesterday to tell Americans that America secretly blew up the World Trade Center to help Israel. Note that all the Moslem Jihadist morons share Stalin's and Hitler's same hatred of Jews and Americans. The American leftist lunatics have always been into ridiculing and shouting down liberty loving Americans and are into name calling now. Now good Americans are getting mad as hell and finally fed up with the leftist lunatics and their dismantling of the American Economy, the weakening of American Security Forces, and their extreme corruption of their ilk as exemplified by the thieving dimwitted leftist politicians of Belle California. The leftists think your money is their money to take and to do with as they please. If they leave you a little of the money you earned… you are supposed to be grateful to them.
Today Detroit leftist Obama supporting union members were shown drinking and smoking pot on lunch break before going back to the automobile plant. Why won't the Obama unions let the leftist potheads be fired so that productive Americans can have their jobs?
World Markets:
Pressure on Sovereign bonds of the socialist countries known as the PIGS is slowly rising again as Ireland and Greece hesitate to cut government jobs. Political patronage government workers are paid with the taxes raised from private producers. They are a monkey on the back of all economies. Historically Americans kept government workers to a minimum since they tend to be inclined towards the treasury looting that the Belle California town employees engaged in. Cuba will lay off 500,000 government workers not because they want a free economy but because they have no productive people to loot any more. Socialist countries become impoverished as they run out of productive people to loot and then kill to confiscate their property as they did in the USSR and Germany in the 1930's.
Economic Calendar
The leftists say that American Free Enterprise failed after over 200 years of success and we are in a pickle and need to reconsider the hammer and the sickle. How stupid can Obama be? But now the recession has been declared over and the American people are declaring that Obama's Marxist reign will also be over soon. Obama fired two of his economic advisors thus far. They can go back to their Marxist chairmanships at Harvard and other little RED schoolhouses. Recessions are not over until unemployment returns to a normal level. The recession is unfortunately not over unless they want to say we have entered the Obama depression and the current unemployment levels are the new normal 10% Obama level.
The problem with America's educational system is all the unqualified leftist teachers and professors and their unions. America needs to fire all the socialists and other leftists in the system and be sensitive to the needs of the private sector if we are going to raise the level education in America.
NAHB Market Index remained at 13 which means the home building industry could be bottoming out. Of course Jim Cramer said it bottomed in July of 2009, and he thinks it is time to buy gold and silver now at the high point.
Housing Starts Aug rose to 598K from 546K reported last month is a sign housing has bottomed. Housing is a big employer. Still that is dangerous since there is an inventory of over a year's worth of stock.
Building Permits Aug rose to 569 from 565K which implies the housing improvement ahead is going to be slower than last month.
FOMC Rate Decision 9/21 was to keep interest rates at 0.25% allowing banks to make a good profit. The banks are however trying to confound and deceive the public to collect more fees. While they publicize low interest rates they quietly charge high points to take profits early.
Crude Inventories 09/18 increased 0.7M after declining 2.4M last week
Yesterday
Initial Claims 09/18 rose to 465K from 450K reported last week showing that Obama lies when he says the recession is over.
Continuing Claims 09/11 rose to 4489K from 4485K-reported last week. If Obama created or saved any jobs it was just more incompetent lazy government workers who discriminate against productive Americans as they do in the Federal Farm Bureau and in social services.
Existing Home Sales Aug rose to 4.1M from 3.8M showing that housing seems to have bottomed 14 months after GE.MESSNBC/Pravda/ said housing bottomed.
Leading Indicators Aug rose 0.3% after rising 0.1% last month which is good news. We will not know if it is the truth though until after November because socialists use economic statistics for propaganda lies and they may be trying to influence elections now to say the government worker, auto union, and teacher's union pension stimulus packages worked.
Today
Sep 24 8:30 AM Durable Orders Aug
Sep 24 8:30 AM Durable Orders -ex Transportation Aug
Sep 24 10:00 AM New Home Sales Aug
Market Outlook Sept 24, 2010
The Wednesday NYSE decline was not good news. It indicates the upward resistance level is holding again at this time. The evidence that the intermediate bear market move may be near ending is weakening. We are again skipping the low side of 100-day moving average.
Deflation remains the world's greatest threat. Profit taking is advisable especially in commodities like silver that do not realistically have any probability of increased demand as gold has with possible European currency devaluation's. In fact copper production is rising and with it is the rise in supply of silver which is a by-product.
World Markets
Asian markets were flat last night. Shanghai was up 0.1%, Hong Kong up 0.3%, India up 0.9%, and Japan down -1%.
European markets are flat this morning in a range of about -0.2% to 0% about half way through their day.
US pre-market futures are up slightly, 0.2% to 0.5% this morning at 8:00 AM.
0bama, the racist, wants every person of his race to get a no-money-down house and then tax productive Americans to bail his brethren out and forgive their debts. There is a video out now of an interview with Obama's illegal alien aunt. She said God gave this land to Americans and now she wants her share.
Obama also gave $billions of taxpayer funds to American farmers of his race. It has been discovered that the family of the racist Farm Bureau employee who had been fired for discriminating against white farmers had received $20million from Obama's racist black reparation legislation. It is time to kick Obama's racist American Socialist State (ASS) out of office. Then he should be arrested and tried for his racist looting of the American treasury just like the corrupt politicians in Belle California. Remember Obama and his corrupt followers said they would put the Bush administration on trial if they got elected. But Bush was not corrupt, or guilty of the left's false charges of torture that the Obama Marxists and Al Quaeda mass murderers claimed.
Thursday, September 23, 2010
It is a fallacy that a government managed economy is better than the free market. That is because leftists tend to be unrealistic at best and corrupt
It is a fallacy that a government managed economy is better than the free market. That is because leftists tend to be unrealistic at best and corrupt homicidal paranoid psychotics like Stalin at worst.
Leftist lunatics now call free enterprise supporters the wacko wing and leftists protest students who chant USA, USA at football games because that chant offends Moslem terrorists. The leftist lunatics have always been into ridiculing and shouting down freedom loving Americans and are into name calling now. Now good Americans are mad as hell and finally fed up with the leftist lunatics and their dismantling of the American Economy, the weakening of American Security Forces, and their extreme corruption of their ilk as exemplified by the thieving dimwitted leftist politicians of Belle California. The leftists think your money is their money to take and to do with as they please. If they leave you a little of the money you earned… you are supposed to be grateful to them.
There had never been a country like America before where private individuals actually could and usually did earn more than government officials. Only in free nations such as America has that been possible. In most socialist nations today certain students are channeled through the best schools to get the high paying socialist government jobs. France and Japan are noted for that. But in America you can quit college because you find it boring, rigid, and leftist, and can easily start your own multi billion dollar company. Leftists seem to migrate to colleges and government jobs.
Study after study show there is no correlation at all between college grades and success after college. Could it be that all the leftist lunatic professors give low grades to students who think and create and high grades to the stupid students who admire the leftists? The thinking and truly creative students learn quickly that if they exhibit any positive knowledge whatsoever of writers such as Ayn Rand that the loony left's humanities professors give them an automatic "F" on their paper and sometimes channeled out of the main stream. This is one of the primary reasons that the best scientists and engineers avoid the humanities altogether. You find few leftists teaching the science and mathematics courses.
World Markets:
Chinese stocks fall out of favor, as corruption becomes more obvious. It is apparent that some Chinese companies do little more than float stock to rob and pillage from foreign investors. These stocks continually fall in value. China needs to shut them down because they could undermine foreign investments in China. There is a growing disconnect now between the declining Chinese stock market and the persistent reports of high economic growth. Either the government or the free market is not telling the truth.
Economic Calendar
The leftists say that American Free Enterprise failed after over 200 years of success and we are in a pickle and need to reconsider the hammer and the sickle. How stupid can Obama be? But now the recession has been declared over and the American people are declaring that Obama's Marxist reign will also be over soon. Obama fired two of his economic advisors thus far. They can go back to their Marxist chairmanships at Harvard and other little RED schoolhouses.
NAHB Market Index remained at 13 which means the home building industry could be bottoming out. Of course Jim Cramer said it bottomed in July of 2009, and he thinks it is time to buy gold and silver now at the high point.
Housing Starts Aug rose to 598K from 546K reported last month is a sign housing has bottomed. Housing is a big employer. Still that is dangerous since there is an inventory of over a year's worth of stock.
Building Permits Aug rose to 569 from 565K which implies the housing improvement ahead is going to be slower than last month.
FOMC Rate Decision 9/21 was to keep interest rates at 0.25% allowing banks to make a good profit. The banks are however trying to confound and deceive the public to collect more fees. While they publicize low interest rates they quietly charge high points to take profits early.
Crude Inventories 09/18 increased 0.7M after declining 2.4M last week
Today
Sep 23 8:30 AM Initial Claims 09/18
Sep 23 8:30 AM Continuing Claims 09/11
Sep 23 10:00 AM Existing Home Sales Aug
Sep 23 10:00 AM Leading Indicators Aug
Friday
Sep 24 8:30 AM Durable Orders Aug
Sep 24 8:30 AM Durable Orders -ex Transportation Aug
Sep 24 10:00 AM New Home Sales Aug
Market Outlook Sept 23, 2010
The Wednesday NYSE decline was again on higher than average volume. That does not support a sharp rally at this time. The evidence that the downward move may be near ending is weakening. We are again skipping the low side of 100-day moving average.
Deflation remains the world's greatest threat. Profit taking is advisable especially in commodities like silver that do not realistically have any probability of increased demand as gold would have with possible European currency devaluation's.
World Markets
Asian markets were flat last night following the USA. Shanghai was up 0.1%, Hong Kong up 0.2%, India down -0.4%, and Japan closed.
European markets are down sharply this morning in a range of about -0.8% to -1.8% about half way through their day.
US pre-market futures are down, -0.5% to -0.8% this morning at 8:30 AM.
0bama, the racist, wants every person of his race to get a no-money-down house and then tax productive Americans to bail his brethren out and forgive their debts. He also gave $billions of taxpayer funds to American farmers of his race. It has been discovered that the family of the racist Farm Bureau employee who had been fired for discriminating against white farmers had received $20million from Obama's racist black reparation legislation. It is time to kick Obama's racist American Socialist State (ASS) out of office. Then he should be arrested and tried for his racist looting of the American treasury just like the corrupt politicians in Belle California. Remember Obama and his corrupt followers said they would put the Bush administration on trial if they got elected. But Bush was not corrupt, or guilty of the false charges of torture that the Obama Marxists and Al Quaeda mass murderers claimed.
Leftist lunatics now call free enterprise supporters the wacko wing and leftists protest students who chant USA, USA at football games because that chant offends Moslem terrorists. The leftist lunatics have always been into ridiculing and shouting down freedom loving Americans and are into name calling now. Now good Americans are mad as hell and finally fed up with the leftist lunatics and their dismantling of the American Economy, the weakening of American Security Forces, and their extreme corruption of their ilk as exemplified by the thieving dimwitted leftist politicians of Belle California. The leftists think your money is their money to take and to do with as they please. If they leave you a little of the money you earned… you are supposed to be grateful to them.
There had never been a country like America before where private individuals actually could and usually did earn more than government officials. Only in free nations such as America has that been possible. In most socialist nations today certain students are channeled through the best schools to get the high paying socialist government jobs. France and Japan are noted for that. But in America you can quit college because you find it boring, rigid, and leftist, and can easily start your own multi billion dollar company. Leftists seem to migrate to colleges and government jobs.
Study after study show there is no correlation at all between college grades and success after college. Could it be that all the leftist lunatic professors give low grades to students who think and create and high grades to the stupid students who admire the leftists? The thinking and truly creative students learn quickly that if they exhibit any positive knowledge whatsoever of writers such as Ayn Rand that the loony left's humanities professors give them an automatic "F" on their paper and sometimes channeled out of the main stream. This is one of the primary reasons that the best scientists and engineers avoid the humanities altogether. You find few leftists teaching the science and mathematics courses.
World Markets:
Chinese stocks fall out of favor, as corruption becomes more obvious. It is apparent that some Chinese companies do little more than float stock to rob and pillage from foreign investors. These stocks continually fall in value. China needs to shut them down because they could undermine foreign investments in China. There is a growing disconnect now between the declining Chinese stock market and the persistent reports of high economic growth. Either the government or the free market is not telling the truth.
Economic Calendar
The leftists say that American Free Enterprise failed after over 200 years of success and we are in a pickle and need to reconsider the hammer and the sickle. How stupid can Obama be? But now the recession has been declared over and the American people are declaring that Obama's Marxist reign will also be over soon. Obama fired two of his economic advisors thus far. They can go back to their Marxist chairmanships at Harvard and other little RED schoolhouses.
NAHB Market Index remained at 13 which means the home building industry could be bottoming out. Of course Jim Cramer said it bottomed in July of 2009, and he thinks it is time to buy gold and silver now at the high point.
Housing Starts Aug rose to 598K from 546K reported last month is a sign housing has bottomed. Housing is a big employer. Still that is dangerous since there is an inventory of over a year's worth of stock.
Building Permits Aug rose to 569 from 565K which implies the housing improvement ahead is going to be slower than last month.
FOMC Rate Decision 9/21 was to keep interest rates at 0.25% allowing banks to make a good profit. The banks are however trying to confound and deceive the public to collect more fees. While they publicize low interest rates they quietly charge high points to take profits early.
Crude Inventories 09/18 increased 0.7M after declining 2.4M last week
Today
Sep 23 8:30 AM Initial Claims 09/18
Sep 23 8:30 AM Continuing Claims 09/11
Sep 23 10:00 AM Existing Home Sales Aug
Sep 23 10:00 AM Leading Indicators Aug
Friday
Sep 24 8:30 AM Durable Orders Aug
Sep 24 8:30 AM Durable Orders -ex Transportation Aug
Sep 24 10:00 AM New Home Sales Aug
Market Outlook Sept 23, 2010
The Wednesday NYSE decline was again on higher than average volume. That does not support a sharp rally at this time. The evidence that the downward move may be near ending is weakening. We are again skipping the low side of 100-day moving average.
Deflation remains the world's greatest threat. Profit taking is advisable especially in commodities like silver that do not realistically have any probability of increased demand as gold would have with possible European currency devaluation's.
World Markets
Asian markets were flat last night following the USA. Shanghai was up 0.1%, Hong Kong up 0.2%, India down -0.4%, and Japan closed.
European markets are down sharply this morning in a range of about -0.8% to -1.8% about half way through their day.
US pre-market futures are down, -0.5% to -0.8% this morning at 8:30 AM.
0bama, the racist, wants every person of his race to get a no-money-down house and then tax productive Americans to bail his brethren out and forgive their debts. He also gave $billions of taxpayer funds to American farmers of his race. It has been discovered that the family of the racist Farm Bureau employee who had been fired for discriminating against white farmers had received $20million from Obama's racist black reparation legislation. It is time to kick Obama's racist American Socialist State (ASS) out of office. Then he should be arrested and tried for his racist looting of the American treasury just like the corrupt politicians in Belle California. Remember Obama and his corrupt followers said they would put the Bush administration on trial if they got elected. But Bush was not corrupt, or guilty of the false charges of torture that the Obama Marxists and Al Quaeda mass murderers claimed.
Wednesday, September 22, 2010
Obama Marxists are looting the American treasury the same way as the Mexican descendants are in Belle California.
Obama Marxists are looting the American treasury the same way as the Mexican descendants in Belle California.
Marxist Obama should be arrested and tried for looting the American treasury. Stupid Marxist Elected officials of Bell California were rounded up and arrested yesterday for voting themselves salaries in the six figures. They are for the most part stupid semi-illiterate corrupt descendants of illegal immigrants from Mexico that have been running the government of the town of Belle California.
Marxist Obama is likewise giving away free money, reparations, and no-money down housing mortgages to members of his own race. Only three such events were publicly exposed so far: Chicago housing (2009), Atlanta housing (2010), and reparations 2009-2010. As for no-money home purchases, home sellers across America are witnessing members of Obama's race still getting away with this form of Senate-Obama theft of American wealth.
The FED indicated that until about 3% inflation actually appears, the FED is more concerned that America must avoid Japanese stile deflation.
World Markets:
The Japanese are making a point of imprisoning Chinese fisherman who fish is Japanese waters. Japan is hostile to China trying to destroy the Japanese economy by pumping up the Yen and making Japanese goods unaffordable. China however is only doing what Japan did from 1960 to 1997 when they held their currency down below the dollar to take trade away from America. Japan got burned badly when they began buying up Manhattan Island and then saw their NYC real estate plummet. China will suffer too but not perhaps for another 30 years.
Chinese stocks fall out of favor, as corruption becomes more obvious. It is apparent that some Chinese companies do little more than float stock to rob and pillage from foreign investors. These stocks continually fall in value. China needs to shut them down because they could undermine foreign investments in China.
Economic Calendar
The leftists say that American Free Enterprise failed after over 200 years of success and we are in a pickle and need to reconsider the hammer and the sickle. How stupid can Obama be? But now the recession has been declared over and the American people are declaring that Obama's Marxist reign will be over soon. Obama fired two of his economic advisors thus far. They can go back to their Marxist chairmanships at Harvard and other little red schoolhouses.
NAHB Market Index Set remained at 13 which means the home building industry could be bottoming out. Of course Jim Cramer said it bottomed in July of 2009. And he thinks it is time to buy gold and silver now at a high.
Housing Starts Aug rose to 598K from 546K reported last month is a sign housing has bottomed. Housing is a big employer.
Building Permits Aug rose to 569 from 565K which implies the improvement ahead is going to be slower than last month.
FOMC Rate Decision 9/21 was to keep interest rates at 0.25% allowing banks to make a good profit. The banks are however trying to confound and deceive the public to collect more fees. While they publicize low interest rates they quietly charge high points to take their profits early.
Today
Sep 22 10:30 AM Crude Inventories 09/18
This week
Sep 23 8:30 AM Initial Claims 09/18
Sep 23 8:30 AM Continuing Claims 09/11
Sep 23 10:00 AM Existing Home Sales Aug
Sep 23 10:00 AM Leading Indicators Aug
Sep 24 8:30 AM Durable Orders Aug
Sep 24 8:30 AM Durable Orders -ex Transportation Aug
Sep 24 10:00 AM New Home Sales Aug
Market Outlook Sept 22, 2010
The Tuesday NYSE decline was on higher than average volume. That does not support a sharp rally at this time but there is still evidence that the downward move may be near ending.
The hedge funds and George Soros are trying to unload gold and silver now on the unwary. It is time to get out of Silver/Gold and not be a patsy for the funds that hawk gold on MSNBC/Pravda. Gold and silver are at highs. It is time to take profits or snitzel, as Jim Cramer would say. Cramer is extremely bullish now and that is also a bearish sign.
World Markets
Asian markets were down last night following the USA. Shanghai closed, Hong Kong up 0.1%, India down -0.3%, and Japan down -0.4%.
European markets are down this morning in a range of about -0.6% to -1.2% about half way through their day.
US pre-market futures are down, -0.3% to -0.4% this morning at 8:00 AM.
0bama, the racist, wants every person of his race to get a no-money-down house and then tax productive Americans to bail his brethren out and forgive their debts. He also gave $billions of taxpayer funds to American farmers of his race. It has been discovered that the family of the racist Farm Bureau employee who had been fired for discriminating against white farmers had received $20million from Obama's racist black reparation legislation. It is time to kick Obama's racist American Socialist State (ASS) out of office. Then he should be arrested and tried for his racist looting of the American treasury just like the corrupt politicians in Belle California. Remember Obama and his corrupt followers said they would put the Bush administration on trial if they got elected. But Bush was not corrupt, or guilty of the false charges of torture that the Obama Marxists and Al Quaeda mass murderers claimed.
Marxist Obama should be arrested and tried for looting the American treasury. Stupid Marxist Elected officials of Bell California were rounded up and arrested yesterday for voting themselves salaries in the six figures. They are for the most part stupid semi-illiterate corrupt descendants of illegal immigrants from Mexico that have been running the government of the town of Belle California.
Marxist Obama is likewise giving away free money, reparations, and no-money down housing mortgages to members of his own race. Only three such events were publicly exposed so far: Chicago housing (2009), Atlanta housing (2010), and reparations 2009-2010. As for no-money home purchases, home sellers across America are witnessing members of Obama's race still getting away with this form of Senate-Obama theft of American wealth.
The FED indicated that until about 3% inflation actually appears, the FED is more concerned that America must avoid Japanese stile deflation.
World Markets:
The Japanese are making a point of imprisoning Chinese fisherman who fish is Japanese waters. Japan is hostile to China trying to destroy the Japanese economy by pumping up the Yen and making Japanese goods unaffordable. China however is only doing what Japan did from 1960 to 1997 when they held their currency down below the dollar to take trade away from America. Japan got burned badly when they began buying up Manhattan Island and then saw their NYC real estate plummet. China will suffer too but not perhaps for another 30 years.
Chinese stocks fall out of favor, as corruption becomes more obvious. It is apparent that some Chinese companies do little more than float stock to rob and pillage from foreign investors. These stocks continually fall in value. China needs to shut them down because they could undermine foreign investments in China.
Economic Calendar
The leftists say that American Free Enterprise failed after over 200 years of success and we are in a pickle and need to reconsider the hammer and the sickle. How stupid can Obama be? But now the recession has been declared over and the American people are declaring that Obama's Marxist reign will be over soon. Obama fired two of his economic advisors thus far. They can go back to their Marxist chairmanships at Harvard and other little red schoolhouses.
NAHB Market Index Set remained at 13 which means the home building industry could be bottoming out. Of course Jim Cramer said it bottomed in July of 2009. And he thinks it is time to buy gold and silver now at a high.
Housing Starts Aug rose to 598K from 546K reported last month is a sign housing has bottomed. Housing is a big employer.
Building Permits Aug rose to 569 from 565K which implies the improvement ahead is going to be slower than last month.
FOMC Rate Decision 9/21 was to keep interest rates at 0.25% allowing banks to make a good profit. The banks are however trying to confound and deceive the public to collect more fees. While they publicize low interest rates they quietly charge high points to take their profits early.
Today
Sep 22 10:30 AM Crude Inventories 09/18
This week
Sep 23 8:30 AM Initial Claims 09/18
Sep 23 8:30 AM Continuing Claims 09/11
Sep 23 10:00 AM Existing Home Sales Aug
Sep 23 10:00 AM Leading Indicators Aug
Sep 24 8:30 AM Durable Orders Aug
Sep 24 8:30 AM Durable Orders -ex Transportation Aug
Sep 24 10:00 AM New Home Sales Aug
Market Outlook Sept 22, 2010
The Tuesday NYSE decline was on higher than average volume. That does not support a sharp rally at this time but there is still evidence that the downward move may be near ending.
The hedge funds and George Soros are trying to unload gold and silver now on the unwary. It is time to get out of Silver/Gold and not be a patsy for the funds that hawk gold on MSNBC/Pravda. Gold and silver are at highs. It is time to take profits or snitzel, as Jim Cramer would say. Cramer is extremely bullish now and that is also a bearish sign.
World Markets
Asian markets were down last night following the USA. Shanghai closed, Hong Kong up 0.1%, India down -0.3%, and Japan down -0.4%.
European markets are down this morning in a range of about -0.6% to -1.2% about half way through their day.
US pre-market futures are down, -0.3% to -0.4% this morning at 8:00 AM.
0bama, the racist, wants every person of his race to get a no-money-down house and then tax productive Americans to bail his brethren out and forgive their debts. He also gave $billions of taxpayer funds to American farmers of his race. It has been discovered that the family of the racist Farm Bureau employee who had been fired for discriminating against white farmers had received $20million from Obama's racist black reparation legislation. It is time to kick Obama's racist American Socialist State (ASS) out of office. Then he should be arrested and tried for his racist looting of the American treasury just like the corrupt politicians in Belle California. Remember Obama and his corrupt followers said they would put the Bush administration on trial if they got elected. But Bush was not corrupt, or guilty of the false charges of torture that the Obama Marxists and Al Quaeda mass murderers claimed.
Tuesday, September 21, 2010
Obama believes that every crisis is an opportunity to expand Marxism in America.
Remember that Obama believes that every crisis is an opportunity to expand Marxism in America.
He used the economy to pass Marxist international communist legislation such as Obamacare and Cap-n-trade wealth redistribution to the Socialist/Communists of the world. And so Obama was doing everything possible to make the economy worse thinking he could get more Marxist legislation passed. But the American Free-Enterprise economy healed itself in spite of Obama. The world does not yet have to subscribe to an "0bama Depression" like they did to the socialist FDR Great Depression 1933-1941. We just have to reverse 0bamacare and other socialist policies so that businesses are not afraid to hire or get locked into some new communist entitlement to the lazy laid-back leftists. We must repeal Obamacare ASAP.
Corporate Bonds, Treasuries, and Silver are at bubble levels now and getting into dangerous territory. Any increase in rates by the FED will have a disastrous effect on the value of treasuries and corporate bonds because as low interest rates double, the value of their fixed rate investments drops in half. Silver is largely produced as a byproduct of copper production. Analysts who think a recovery will stimulate silver demand forget that it will stimulate copper production even more and usually silver declines during a recovery due to oversupply and rises relatively faster than gold in a recession. The hedge fund analysts are clearly pushing silver now because they want ignorant investors to buy while they dump their silver.
World Markets:
Japan is hostile to China trying to destroy the Japanese economy by pumping up the Yen and making Japanese goods unaffordable. China however is only doing what Japan did from 1960 to 1997 when they held their currency down below the dollar to take trade away from America. Japan got burned badly when they began buying up Manhattan Island and then saw their NYC real estate plummet. China will suffer too but not perhaps for another 30 years.
Economic Calendar
The leftists say that American Free Enterprise failed after over 200 years of success and we are in a pickle and need to reconsider the hammer and the sickle. How stupid can Obama be? But now the recession has been declared over and the American people are declaring that Obama's Marxist reign will be over soon.
NAHB Market Index Set remained at 13 which means the home building industry could be bottoming out. Of course Jim Cramer said it bottomed in July of 2009. And he thinks it is time to buy gold and silver now at a high.
Today
Sep 21 8:30 AM Housing Starts Aug
Sep 21 8:30 AM Building Permits Aug
Sep 21 2:15 PM FOMC Rate Decision 9/21
This week
Sep 22 10:30 AM Crude Inventories 09/18
Sep 23 8:30 AM Initial Claims 09/18
Sep 23 8:30 AM Continuing Claims 09/11
Sep 23 10:00 AM Existing Home Sales Aug
Sep 23 10:00 AM Leading Indicators Aug
Sep 24 8:30 AM Durable Orders Aug
Sep 24 8:30 AM Durable Orders -ex Transportation Aug
Sep 24 10:00 AM New Home Sales Aug
Market Outlook Sept 21, 2010
The Monday advance was on low volume, but it is looking more like an upside breakout from the 100-day moving average. That does not guarantee a sharp rally at this time but is evidence that the downward move may be near ending.
The hedge funds and George Soros are trying to unload gold and silver now on the unwary. It is time to get out of Silver/Gold and not be a patsy for the funds that hawk gold on MSNBC/Pravda. Gold and silver are at highs and should be sold at these levels. It is time to take profits or snitzel, as Jim Cramer would say. Cramer is extremely bullish now and that is also a bearish sign.
World Markets
Asian markets were up slightly last night following the USA. Shanghai up 0.1%, Hong Kong up 0.1%, India up 0.5%, and Japan down -0.3%.
European markets are up this morning in a range of about 0.3% to 0.7% about half way through their day.
US pre-market futures are mixed, -0.1% to 0.1% this morning at 8:00 AM.
0bama, the racist, wants every person of his race to get a no-money-down house and then tax productive Americans to bail his brethren out and forgive their debts. He also gave $billions of taxpayer funds to American farmers of his race. It has been discovered that the family of the racist Farm Bureau employee who had been fired for discriminating against white farmers had received $20million from Obama's racist black reparation legislation.
It is time to kick Obama's racist American Socialist State (ASS) out of office.
He used the economy to pass Marxist international communist legislation such as Obamacare and Cap-n-trade wealth redistribution to the Socialist/Communists of the world. And so Obama was doing everything possible to make the economy worse thinking he could get more Marxist legislation passed. But the American Free-Enterprise economy healed itself in spite of Obama. The world does not yet have to subscribe to an "0bama Depression" like they did to the socialist FDR Great Depression 1933-1941. We just have to reverse 0bamacare and other socialist policies so that businesses are not afraid to hire or get locked into some new communist entitlement to the lazy laid-back leftists. We must repeal Obamacare ASAP.
Corporate Bonds, Treasuries, and Silver are at bubble levels now and getting into dangerous territory. Any increase in rates by the FED will have a disastrous effect on the value of treasuries and corporate bonds because as low interest rates double, the value of their fixed rate investments drops in half. Silver is largely produced as a byproduct of copper production. Analysts who think a recovery will stimulate silver demand forget that it will stimulate copper production even more and usually silver declines during a recovery due to oversupply and rises relatively faster than gold in a recession. The hedge fund analysts are clearly pushing silver now because they want ignorant investors to buy while they dump their silver.
World Markets:
Japan is hostile to China trying to destroy the Japanese economy by pumping up the Yen and making Japanese goods unaffordable. China however is only doing what Japan did from 1960 to 1997 when they held their currency down below the dollar to take trade away from America. Japan got burned badly when they began buying up Manhattan Island and then saw their NYC real estate plummet. China will suffer too but not perhaps for another 30 years.
Economic Calendar
The leftists say that American Free Enterprise failed after over 200 years of success and we are in a pickle and need to reconsider the hammer and the sickle. How stupid can Obama be? But now the recession has been declared over and the American people are declaring that Obama's Marxist reign will be over soon.
NAHB Market Index Set remained at 13 which means the home building industry could be bottoming out. Of course Jim Cramer said it bottomed in July of 2009. And he thinks it is time to buy gold and silver now at a high.
Today
Sep 21 8:30 AM Housing Starts Aug
Sep 21 8:30 AM Building Permits Aug
Sep 21 2:15 PM FOMC Rate Decision 9/21
This week
Sep 22 10:30 AM Crude Inventories 09/18
Sep 23 8:30 AM Initial Claims 09/18
Sep 23 8:30 AM Continuing Claims 09/11
Sep 23 10:00 AM Existing Home Sales Aug
Sep 23 10:00 AM Leading Indicators Aug
Sep 24 8:30 AM Durable Orders Aug
Sep 24 8:30 AM Durable Orders -ex Transportation Aug
Sep 24 10:00 AM New Home Sales Aug
Market Outlook Sept 21, 2010
The Monday advance was on low volume, but it is looking more like an upside breakout from the 100-day moving average. That does not guarantee a sharp rally at this time but is evidence that the downward move may be near ending.
The hedge funds and George Soros are trying to unload gold and silver now on the unwary. It is time to get out of Silver/Gold and not be a patsy for the funds that hawk gold on MSNBC/Pravda. Gold and silver are at highs and should be sold at these levels. It is time to take profits or snitzel, as Jim Cramer would say. Cramer is extremely bullish now and that is also a bearish sign.
World Markets
Asian markets were up slightly last night following the USA. Shanghai up 0.1%, Hong Kong up 0.1%, India up 0.5%, and Japan down -0.3%.
European markets are up this morning in a range of about 0.3% to 0.7% about half way through their day.
US pre-market futures are mixed, -0.1% to 0.1% this morning at 8:00 AM.
0bama, the racist, wants every person of his race to get a no-money-down house and then tax productive Americans to bail his brethren out and forgive their debts. He also gave $billions of taxpayer funds to American farmers of his race. It has been discovered that the family of the racist Farm Bureau employee who had been fired for discriminating against white farmers had received $20million from Obama's racist black reparation legislation.
It is time to kick Obama's racist American Socialist State (ASS) out of office.
Monday, September 20, 2010
US Treasuries and Silver are at bubble levels now and getting into danger.
US Treasuries and Silver are at bubble levels now and getting into danger.
Silver is largely produced as a byproduct of copper production. Analysts who think a recovery will stimulate silver demand forget that it will stimulate copper production even more and usually silver declines during a recovery and rises relatively faster than gold in a recession. The hedge fund analysts are clearly pumping silver now because they want ignorant investors to buy while the hedge funds dump their silver.
World Markets:
Japan is hostile to China trying to destroy the Japanese economy by pumping up the Yen and making Japanese goods unaffordable. China however is only doing what Japan did from 1960 to 1997 when they held their currency down below the dollar to take trade away from America. Japan got burned badly when they began buying up Manhattan Island and then saw their NYC real estate plummet. China will suffer too but not perhaps for another 30 years.
The world does not yet have to subscribe to an "0bama Depression" like they did to the socialist FDR Great Depression 1933-1941. We just have to reverse 0bamacare and other socialist policies so that businesses are not afraid to hire or get locked into some new communist entitlement to the lazy laid-back leftists. We must repeal Obamacare ASAP.
Economic Calendar
The leftists say that American Free Enterprise just failed after over 200 years of success and we are in a pickle and need to reconsider the hammer and the sickle. How stupid of Obama.
Last Friday
Sep 17 8:30 AM CPI Aug was 0.3% the same as last month and not deflation or inflation, but good
Sep 17 8:30 AM Core CPI Aug was 0% down from 0.1% last month and in the direction of a slowdown.
Sep 17 9:55 AM Michigan Sentiment Sep declined to 66.6 from 68.9 not a good sign for the economy.
Today
Sep 20 10:00 AM NAHB Market Index Sep
This week
Sep 21 8:30 AM Housing Starts Aug
Sep 21 8:30 AM Building Permits Aug
Sep 21 2:15 PM FOMC Rate Decision 9/21
Sep 22 10:30 AM Crude Inventories 09/18
Sep 23 8:30 AM Initial Claims 09/18
Sep 23 8:30 AM Continuing Claims 09/11
Sep 23 10:00 AM Existing Home Sales Aug
Sep 23 10:00 AM Leading Indicators Aug
Sep 24 8:30 AM Durable Orders Aug
Sep 24 8:30 AM Durable Orders -ex Transportation Aug
Sep 24 10:00 AM New Home Sales Aug
Market Outlook Sept 20, 2010
The Friday decline was on 20% higher volume, a level above the 100-day moving average.
The hedge funds and George Soros also are overweight in Gold and silver that already had a big run. They are trying to unload now on the unwary public making Pollyanna predictions for this year. Time to get out of Gold not be a patsy for the funds that hawk gold on MSNBC/Pravda. Gold and silver are at highs and should be sold at these levels.
The stock market has hit the ceiling again. If there is no vigorous breakout very soon there will be a pullback soon. The stock market never has a plateau for very long. An upside breakout would require a surge of the NYSE above 7127 on high volume. We are now at 7155 but we still need a surge for it to be an upside breakout and we need a volume pickup. Friday's volume was a little above the 100-day moving average but on a price decline as happens when the market hits a resistance level.
It is time to take stock market profits or snitzel, as Jim Cramer would say. Cramer is extremely bullish now and that is a bearish sign.
World Markets
Asian markets were up last night following the USA. Shanghai down -0.4%, Hong Kong up 0%, India up 1.6%, and Japan closed.
European markets are up following American futures again this morning in a range of about 0.5% to +1.2% about half way through their day.
US pre-market futures are up about 0.3% to 0.3% this morning at 8:00 AM.
The only thing we have to fear is fear itself, which now consists of 0bama, Gore, Bogoyevitch, Barney, Rangel, Waters and the other corrupt moron leftist democrat-socialists who are destroying America with racist giveaways to their voting constituencies. 0bama, the racist, wants every person of his race to get a no-money-down house and then tax working Americans to bail them out and forgive their debts.
It is time to kick Obama's American Socialist State (ASS) out of office.
Silver is largely produced as a byproduct of copper production. Analysts who think a recovery will stimulate silver demand forget that it will stimulate copper production even more and usually silver declines during a recovery and rises relatively faster than gold in a recession. The hedge fund analysts are clearly pumping silver now because they want ignorant investors to buy while the hedge funds dump their silver.
World Markets:
Japan is hostile to China trying to destroy the Japanese economy by pumping up the Yen and making Japanese goods unaffordable. China however is only doing what Japan did from 1960 to 1997 when they held their currency down below the dollar to take trade away from America. Japan got burned badly when they began buying up Manhattan Island and then saw their NYC real estate plummet. China will suffer too but not perhaps for another 30 years.
The world does not yet have to subscribe to an "0bama Depression" like they did to the socialist FDR Great Depression 1933-1941. We just have to reverse 0bamacare and other socialist policies so that businesses are not afraid to hire or get locked into some new communist entitlement to the lazy laid-back leftists. We must repeal Obamacare ASAP.
Economic Calendar
The leftists say that American Free Enterprise just failed after over 200 years of success and we are in a pickle and need to reconsider the hammer and the sickle. How stupid of Obama.
Last Friday
Sep 17 8:30 AM CPI Aug was 0.3% the same as last month and not deflation or inflation, but good
Sep 17 8:30 AM Core CPI Aug was 0% down from 0.1% last month and in the direction of a slowdown.
Sep 17 9:55 AM Michigan Sentiment Sep declined to 66.6 from 68.9 not a good sign for the economy.
Today
Sep 20 10:00 AM NAHB Market Index Sep
This week
Sep 21 8:30 AM Housing Starts Aug
Sep 21 8:30 AM Building Permits Aug
Sep 21 2:15 PM FOMC Rate Decision 9/21
Sep 22 10:30 AM Crude Inventories 09/18
Sep 23 8:30 AM Initial Claims 09/18
Sep 23 8:30 AM Continuing Claims 09/11
Sep 23 10:00 AM Existing Home Sales Aug
Sep 23 10:00 AM Leading Indicators Aug
Sep 24 8:30 AM Durable Orders Aug
Sep 24 8:30 AM Durable Orders -ex Transportation Aug
Sep 24 10:00 AM New Home Sales Aug
Market Outlook Sept 20, 2010
The Friday decline was on 20% higher volume, a level above the 100-day moving average.
The hedge funds and George Soros also are overweight in Gold and silver that already had a big run. They are trying to unload now on the unwary public making Pollyanna predictions for this year. Time to get out of Gold not be a patsy for the funds that hawk gold on MSNBC/Pravda. Gold and silver are at highs and should be sold at these levels.
The stock market has hit the ceiling again. If there is no vigorous breakout very soon there will be a pullback soon. The stock market never has a plateau for very long. An upside breakout would require a surge of the NYSE above 7127 on high volume. We are now at 7155 but we still need a surge for it to be an upside breakout and we need a volume pickup. Friday's volume was a little above the 100-day moving average but on a price decline as happens when the market hits a resistance level.
It is time to take stock market profits or snitzel, as Jim Cramer would say. Cramer is extremely bullish now and that is a bearish sign.
World Markets
Asian markets were up last night following the USA. Shanghai down -0.4%, Hong Kong up 0%, India up 1.6%, and Japan closed.
European markets are up following American futures again this morning in a range of about 0.5% to +1.2% about half way through their day.
US pre-market futures are up about 0.3% to 0.3% this morning at 8:00 AM.
The only thing we have to fear is fear itself, which now consists of 0bama, Gore, Bogoyevitch, Barney, Rangel, Waters and the other corrupt moron leftist democrat-socialists who are destroying America with racist giveaways to their voting constituencies. 0bama, the racist, wants every person of his race to get a no-money-down house and then tax working Americans to bail them out and forgive their debts.
It is time to kick Obama's American Socialist State (ASS) out of office.
Friday, September 17, 2010
Totalitarian governments and criminal organization hate the secret ballot.
Totalitarian governments and criminal organization hate the secret ballot. They want to spy on their people. The secret ballot is the friend of freedom and liberty and is the enemy of criminals and communists who love to control unions and ultimately everyone else. Obama wants to let the Unions abolish the secret ballot.
How did the world get into the current economic problem? Was it free enterprise or George Bush like Obama says? No the problem is:
1) Leftists/socialists/communists increased the size of government bureaucracy, which employs all the lazy and incompetent people who get ahead not by what they know but by whom they know. Those incompetent bureaucrats hate free enterprise that requires service to others. They delude themselves and think they have people skills but their skills are corruption skills like the ones that got Obama's wife a six-figure job when he became a Senator.
2) Leftists/socialists/communists have created a voting constituency based on the corruption of entitlements. They say everyone is entitled to a house, an income, an education, and a brain. But unfortunately leftists are not born with brains and feel discriminated against because they are interested in free condoms, drugs, toys, games, and sex with anything that moves or vibrates. Leftists are not interested in competency in anything productive or useful for society. So they have great difficulty finding private sector jobs. That leaves only government jobs and entitlements for the voting constituency of the leftists/socialists/communists. And so this constituency has grown continuously under leftists at the expense of the freedoms and liberties inherent in American free enterprise. They believe in slavery, the enslavement of people who love to work, to create, and to produce useful things and who love to serve humanity. Ultimate they drive out people born with brains because socialists treat such productive people as lepers. That results with a "brain drain" to free countries.
3) Unfortunately America is the last leper colony for people with brains who love to be productive and to improve the lot of humanity. When America gives up freedoms, liberties, and free enterprise the world will be faced with the dark ages. It will not be stupid Obama's Great Depression it will be stupid Obama's Dark Ages.
CEO Bernie Marcus of Home Depot agrees with the Tea Party and today said we need to get rid of the stupid politicians currently in the American government. He said that today with stupid socialist regulations it would not be possible to start the Home Depot business.
World Markets:
Japan clobbered the hedge funds yesterday and leftist George Soros who were trying to start another run on the EURO. Since China was already buying the Yen, social moron Soros thought they could tip the balance. Japan won and the hedge funds and leftist lunatic George Soros lost. They would like to create a run-up on gold too but may lose big there as well.
The world does not yet have to subscribe to an "0bama Depression" like they did to the socialist FDR Great Depression 1933-1941. We just have to reverse 0bamacare and other socialist policies so that businesses are not afraid to hire or get locked into some new communist entitlement to the lazy laid-back leftists. We must repeal Obamacare ASAP.
Economic Calendar
The leftists say that American Free Enterprise just failed after over 200 years of success and we are in a pickle and need to reconsider the hammer and the sickle. How stupid of Obama not to have learned yet that America and the rest of the free world have major boom-bust cycles every 20 to 50 years (four small depressions and one Great FDR depression since 1776) with panics in between (ten panics each with a short recession). Leftists are basically unprincipled and corrupt and thus manufacture invalid statistics primarily for propaganda purposes. They don't understand economics or understand that when they fudge the number higher one month it tends to make the next month lower because it is hard to lie continuously about something like total unemployment or retail sales.
Obama's Budget Deficit for Aug was -$90.5 billion, a slightly smaller deficit than the -$103.6 billion last month.
This week
Retail Sales Aug were solid improving 0.4% as it improved manipulated last month.
Retail Sales ex-auto Aug improved 0.6% up from 0.2% manipulated last month
Business Inventories Jul increased 1% compared with manipulated 0,5% last month
NY Fed - Empire Manufacturing Survey Sep was down to 4.1 (sill positive growth) from 7.1 (better) last month.
Export Prices ex-ag. Aug were up 0.5% which is better than the disinflationary -0.2% last month.
Import Prices ex-oil Aug were up 0.3% which is better than the disinflationary -0.3% last month.
Industrial Production Aug improved 0.2% but much less than the manipulated reported 0.8% improvement last month.
Capacity Utilization Aug decreased to 74.7% last month from the downward manipulated reported 74.6% last month.
Crude Inventories 09/11 dropped 2.5M on top of the 1.9M decline last month. Prices are stable.
Yesterday
Initial Claims 09/11 a manipulated 450K vs. 451K reported last week and then raised 3K so they could claim a 3K lower level this week. Without the manipulation it is 453K this week and 451K last week which is not good. They claim a 3K error last week show a 3K improvement this week.
Continuing Claims 09/4 also dramatically manipulated and reported as 4485K down from altered 4569Klast week when if they left last week's number alone at 4478K there is little change. They have no basis to report last week higher and not expect the same error this week. In other words they claim a weekly error of 91K to make it look like a 7K drop in unemployment.
PPI Aug 0.4% vs. up 0.2% last month… not inflationary or deflationary.
Core PPI Aug up 0.1% vs. up 0.3% last month… not inflationary or deflationary.
Current Account Q2 worsened to -123B from -109B last month
Philadelphia Fed Sep decline decelerated to -0.7 from-7.7
Today
Sep 17 8:30 AM CPI Aug
Sep 17 8:30 AM Core CPI Aug
Sep 17 9:55 AM Michigan Sentiment Sep
Market Outlook Sept 17, 2010
The hedge funds and George Soros lost a fortune trying to manipulate the Yen by piling on with the pressure already coming from the Yuan. Japan beat the funds up badly saving the Euro.
The hedge funds and George Soros also are overweight in Gold that already had a big run. They are trying to unload now on the unwary public making Pollyanna predictions for this year when in fact the election of a conservative Congress will mean Obama spending will be halted and Gold could easily decline 30% in value. Get out of Gold ASAP and do not be a patsy for the funds that hawk gold on MSNBC/Pravda. Gold and silver are at highs and should be sold at these levels.
The stock market has hit the ceiling again. If there is no vigorous breakout very soon there will be a pullback. The stock market never has a plateau for very long. An upside breakout would require a surge of the NYSE above 7127. We are now at 7170 but we still need a surge for it to be a breakout and we need a volume pickup. Yesterday volume was still well below the 100 day moving average.
It is time to take stock market profits or snitzel, as Jim Cramer would say. Cramer is extremely bullish now and that is a bearish sign.
The moronic 0bama communists say, "The economy is in a pickle, time to reconsider the hammer and the sickle." They will smear all those who believe in America's free enterprise system, which survived 15 panics and 5 financial meltdowns since 1776. A Tea Party recovery will be slower but will avoid both hyperinflation and national insolvency. The stock market and gold can take a hit short term but there would not be another FDR type socialist Great Depression.
But the lame duck leftists will still be able to pass an extreme leftist agenda such as cap-n-trade and let unions drop the secret ballot, which is an important safeguard against totalitarian governments and criminal organization that hate the secret ballot. The market will be very volatile until the end of January and investors should have good opportunities to get out and back in over the next four months.
Obama is a flaming racist! Members of Obama's race are still able to get zero down mortgages for houses they cannot afford. Obama now wants to bail out all the people of his race who got houses with 0% down mortgages and no established credit record. That makes American's mad and they are not going to take it any more.
World Markets
Asian markets were up last night following the USA. Shanghai down -0.2%, Hong Kong up 1.3%, India up 0.9%, and Japan up 1.2%.
European markets are mixed following American futures again this morning in a range of about -0.1% to +0.4% about half way through their day.
US pre-market futures are up slightly in the range 0.1% to 0.3% this morning at 9:00 AM.
The only thing we have to fear is fear itself, which now consists of 0bama, Gore, Bogoyevitch, Barney, Rangel, Waters and the other corrupt moron leftist democrat-socialists who are destroying America with racist giveaways to their voting constituencies. 0bama, the racist, wants every person of his race to get a no-money-down house and then tax working Americans to bail them out and forgive their debts.
It is time to kick Obama's ASS (American Socialist State) out of office.
How did the world get into the current economic problem? Was it free enterprise or George Bush like Obama says? No the problem is:
1) Leftists/socialists/communists increased the size of government bureaucracy, which employs all the lazy and incompetent people who get ahead not by what they know but by whom they know. Those incompetent bureaucrats hate free enterprise that requires service to others. They delude themselves and think they have people skills but their skills are corruption skills like the ones that got Obama's wife a six-figure job when he became a Senator.
2) Leftists/socialists/communists have created a voting constituency based on the corruption of entitlements. They say everyone is entitled to a house, an income, an education, and a brain. But unfortunately leftists are not born with brains and feel discriminated against because they are interested in free condoms, drugs, toys, games, and sex with anything that moves or vibrates. Leftists are not interested in competency in anything productive or useful for society. So they have great difficulty finding private sector jobs. That leaves only government jobs and entitlements for the voting constituency of the leftists/socialists/communists. And so this constituency has grown continuously under leftists at the expense of the freedoms and liberties inherent in American free enterprise. They believe in slavery, the enslavement of people who love to work, to create, and to produce useful things and who love to serve humanity. Ultimate they drive out people born with brains because socialists treat such productive people as lepers. That results with a "brain drain" to free countries.
3) Unfortunately America is the last leper colony for people with brains who love to be productive and to improve the lot of humanity. When America gives up freedoms, liberties, and free enterprise the world will be faced with the dark ages. It will not be stupid Obama's Great Depression it will be stupid Obama's Dark Ages.
CEO Bernie Marcus of Home Depot agrees with the Tea Party and today said we need to get rid of the stupid politicians currently in the American government. He said that today with stupid socialist regulations it would not be possible to start the Home Depot business.
World Markets:
Japan clobbered the hedge funds yesterday and leftist George Soros who were trying to start another run on the EURO. Since China was already buying the Yen, social moron Soros thought they could tip the balance. Japan won and the hedge funds and leftist lunatic George Soros lost. They would like to create a run-up on gold too but may lose big there as well.
The world does not yet have to subscribe to an "0bama Depression" like they did to the socialist FDR Great Depression 1933-1941. We just have to reverse 0bamacare and other socialist policies so that businesses are not afraid to hire or get locked into some new communist entitlement to the lazy laid-back leftists. We must repeal Obamacare ASAP.
Economic Calendar
The leftists say that American Free Enterprise just failed after over 200 years of success and we are in a pickle and need to reconsider the hammer and the sickle. How stupid of Obama not to have learned yet that America and the rest of the free world have major boom-bust cycles every 20 to 50 years (four small depressions and one Great FDR depression since 1776) with panics in between (ten panics each with a short recession). Leftists are basically unprincipled and corrupt and thus manufacture invalid statistics primarily for propaganda purposes. They don't understand economics or understand that when they fudge the number higher one month it tends to make the next month lower because it is hard to lie continuously about something like total unemployment or retail sales.
Obama's Budget Deficit for Aug was -$90.5 billion, a slightly smaller deficit than the -$103.6 billion last month.
This week
Retail Sales Aug were solid improving 0.4% as it improved manipulated last month.
Retail Sales ex-auto Aug improved 0.6% up from 0.2% manipulated last month
Business Inventories Jul increased 1% compared with manipulated 0,5% last month
NY Fed - Empire Manufacturing Survey Sep was down to 4.1 (sill positive growth) from 7.1 (better) last month.
Export Prices ex-ag. Aug were up 0.5% which is better than the disinflationary -0.2% last month.
Import Prices ex-oil Aug were up 0.3% which is better than the disinflationary -0.3% last month.
Industrial Production Aug improved 0.2% but much less than the manipulated reported 0.8% improvement last month.
Capacity Utilization Aug decreased to 74.7% last month from the downward manipulated reported 74.6% last month.
Crude Inventories 09/11 dropped 2.5M on top of the 1.9M decline last month. Prices are stable.
Yesterday
Initial Claims 09/11 a manipulated 450K vs. 451K reported last week and then raised 3K so they could claim a 3K lower level this week. Without the manipulation it is 453K this week and 451K last week which is not good. They claim a 3K error last week show a 3K improvement this week.
Continuing Claims 09/4 also dramatically manipulated and reported as 4485K down from altered 4569Klast week when if they left last week's number alone at 4478K there is little change. They have no basis to report last week higher and not expect the same error this week. In other words they claim a weekly error of 91K to make it look like a 7K drop in unemployment.
PPI Aug 0.4% vs. up 0.2% last month… not inflationary or deflationary.
Core PPI Aug up 0.1% vs. up 0.3% last month… not inflationary or deflationary.
Current Account Q2 worsened to -123B from -109B last month
Philadelphia Fed Sep decline decelerated to -0.7 from-7.7
Today
Sep 17 8:30 AM CPI Aug
Sep 17 8:30 AM Core CPI Aug
Sep 17 9:55 AM Michigan Sentiment Sep
Market Outlook Sept 17, 2010
The hedge funds and George Soros lost a fortune trying to manipulate the Yen by piling on with the pressure already coming from the Yuan. Japan beat the funds up badly saving the Euro.
The hedge funds and George Soros also are overweight in Gold that already had a big run. They are trying to unload now on the unwary public making Pollyanna predictions for this year when in fact the election of a conservative Congress will mean Obama spending will be halted and Gold could easily decline 30% in value. Get out of Gold ASAP and do not be a patsy for the funds that hawk gold on MSNBC/Pravda. Gold and silver are at highs and should be sold at these levels.
The stock market has hit the ceiling again. If there is no vigorous breakout very soon there will be a pullback. The stock market never has a plateau for very long. An upside breakout would require a surge of the NYSE above 7127. We are now at 7170 but we still need a surge for it to be a breakout and we need a volume pickup. Yesterday volume was still well below the 100 day moving average.
It is time to take stock market profits or snitzel, as Jim Cramer would say. Cramer is extremely bullish now and that is a bearish sign.
The moronic 0bama communists say, "The economy is in a pickle, time to reconsider the hammer and the sickle." They will smear all those who believe in America's free enterprise system, which survived 15 panics and 5 financial meltdowns since 1776. A Tea Party recovery will be slower but will avoid both hyperinflation and national insolvency. The stock market and gold can take a hit short term but there would not be another FDR type socialist Great Depression.
But the lame duck leftists will still be able to pass an extreme leftist agenda such as cap-n-trade and let unions drop the secret ballot, which is an important safeguard against totalitarian governments and criminal organization that hate the secret ballot. The market will be very volatile until the end of January and investors should have good opportunities to get out and back in over the next four months.
Obama is a flaming racist! Members of Obama's race are still able to get zero down mortgages for houses they cannot afford. Obama now wants to bail out all the people of his race who got houses with 0% down mortgages and no established credit record. That makes American's mad and they are not going to take it any more.
World Markets
Asian markets were up last night following the USA. Shanghai down -0.2%, Hong Kong up 1.3%, India up 0.9%, and Japan up 1.2%.
European markets are mixed following American futures again this morning in a range of about -0.1% to +0.4% about half way through their day.
US pre-market futures are up slightly in the range 0.1% to 0.3% this morning at 9:00 AM.
The only thing we have to fear is fear itself, which now consists of 0bama, Gore, Bogoyevitch, Barney, Rangel, Waters and the other corrupt moron leftist democrat-socialists who are destroying America with racist giveaways to their voting constituencies. 0bama, the racist, wants every person of his race to get a no-money-down house and then tax working Americans to bail them out and forgive their debts.
It is time to kick Obama's ASS (American Socialist State) out of office.
Thursday, September 16, 2010
Just when the world communists wake up, America elects a dunce like Barack Hussein Obama.
Just when the world communists wake up, America elects a dunce like Barack Hussein Obama.
In 1882 Karl Marx proclaimed that free enterprise was dead (his Communist Manifesto).
In 2009 & 2010 Barack Hussein Obama said socialism was good and proclaimed we should not go back to the failed American free enterprise economics of previous administrations. He said the Tea Party had nothing to offer but the same old failed Free Enterprise economics (of the American Founding Fathers).
Obama is too stupid to read a book and discover that socialism is terrible in the Old World (Greece, Romania, Russia) and in the New World (Mexico, Cuba, Venezuela). American Free Enterprise works even when Communist China experiments with it. Cuba apparently is about to try some American Free Enterprise too. Just when the world communists wake up, America elected a racist dunce like Barack Hussein Obama.
World Markets:
Japan is awakening now to the competition of China. Japan has incredible debt but it is to its own citizens that save more than 15% each year. Therefore Japan's debt is fully secured by the people of Japan. They once precisely controlled their currency. Will Japan do that again or have they stopped saving so much. Will Japan regain confidence and resume its manufacturing prowess? This will play out soon.
The world does not yet have to subscribe to an "0bama Depression" like they did to the socialist FDR Great Depression 1933-1941. We just have to reverse 0bamacare and other socialist policies so that businesses are not afraid to hire or get locked into some new communist entitlement to the lazy laid-back leftists. We must repeal Obamacare ASAP.
Economic Calendar
The leftists say that American Free Enterprise just failed after over 200 years of success and we are in a pickle and need to reconsider the hammer and the sickle. How stupid of Obama not to have learned yet that America and the rest of the free world have major boom-bust cycles every 20 to 50 years (five total since 1776) with panics in between (ten panics without a depression). Leftists are historically corrupt and manufacture invalid statistics primarily for propaganda. They don't understand economics or understand that when they fudge the number higher one month it tends to make the next month lower because it is hard to lie continuously about something like total unemployment or retail sales.
Obama's Budget Deficit for Aug was -$90.5 billion, a slightly smaller deficit than the -$103.6 billion last month.
Retail Sales Aug were solid improving 0.4% as it improved manipulated last month.
Retail Sales ex-auto Aug improved 0.6% up from 0.2% manipulated last month
Business Inventories Jul increased 1% compared with manipulated 0,5% last month
Yesterday NY Fed - Empire Manufacturing Survey Sep was down to 4.1 (sill positive growth) from 7.1 (better) last month.
Export Prices ex-ag. Aug were up 0.5% which is better than the disinflationary -0.2% last month.
Import Prices ex-oil Aug were up 0.3% which is better than the disinflationary -0.3% last month.
Industrial Production Aug improved 0.2% but much less than the manipulated reported 0.8% improvement last month.
Capacity Utilization Aug decreased to 74.7% last month from the downward manipulated reported 74.6% last month.
Crude Inventories 09/11 dropped 2.5M on top of the 1.9M decline last month. Prices are stable.
Today
Sep 16 8:30 AM Initial Claims 09/11
Sep 16 8:30 AM Continuing Claims 09/4
Sep 16 8:30 AM PPI Aug
Sep 16 8:30 AM Core PPI Aug
Sep 16 8:30 AM Current Account Q2
Sep 16 9:00 AM Net long-term TIC Flows Jun -
Sep 16 10:00 AM Philadelphia Fed Sep
This week
Sep 17 8:30 AM CPI Aug
Sep 17 8:30 AM Core CPI Aug
Sep 17 9:55 AM Michigan Sentiment Sep
Market Outlook Sept 16, 2010
An upside breakout would require a surge of the NYSE above 7127. We are now at 7180 but we still need a surge for it to be a breakout and we need a volume pickup. Yesterday volume was still well below the 100 day moving average.
Gold and silver are at highs and should be sold at these levels. It is time to take profits or snitzel, as Jim Cramer would say. Cramer is extremely bullish now and that is a bearish sign.
The moronic 0bama communists say, "The economy is in a pickle, time to reconsider the hammer and the sickle." They will smear all those who believe in America's free enterprise system, which survived 15 panics and 5 financial meltdowns since 1776.
But even when they are thrown out of office the lame duck leftists will still be able to pass an extreme leftist agenda and leave a legal morass for the new inexperienced Congress to unravel. The market will be very volatile until the end of January and investors should have good opportunities to get out and back in over the next four months.
Obama is a flaming racist! Members of Obama's race are still able to get zero down mortgages for houses they cannot afford. Obama now wants to bail out all the people of his race who got houses with 0% down mortgages and no established credit record. That makes American's mad and they are not going to take it any more.
World Markets
Asian markets were up last night following the USA. Shanghai down -1.9%, Hong Kong down -0.2%, India down -0.4%, and Japan down -0.1%.
European markets are down following American futures again this morning in a range of about -0.1% to -0.4% about half way through their day.
US pre-market futures are down slightly in the range -0.1% to -0.3% this morning at 8:00 AM.
The only thing we have to fear is fear itself, which now consists of 0bama, Gore, Bogoyevitch, Barney, Rangel, Waters and the other corrupt moron leftist democrat-socialists who are destroying America with racist giveaways to their voting constituencies. 0bama, the racist, wants every person of his race to get a no-money-down house and then tax working Americans to bail them out and forgive their debts.
It is time to kick Obama's ASS (American Socialist State) out of office.
In 1882 Karl Marx proclaimed that free enterprise was dead (his Communist Manifesto).
In 2009 & 2010 Barack Hussein Obama said socialism was good and proclaimed we should not go back to the failed American free enterprise economics of previous administrations. He said the Tea Party had nothing to offer but the same old failed Free Enterprise economics (of the American Founding Fathers).
Obama is too stupid to read a book and discover that socialism is terrible in the Old World (Greece, Romania, Russia) and in the New World (Mexico, Cuba, Venezuela). American Free Enterprise works even when Communist China experiments with it. Cuba apparently is about to try some American Free Enterprise too. Just when the world communists wake up, America elected a racist dunce like Barack Hussein Obama.
World Markets:
Japan is awakening now to the competition of China. Japan has incredible debt but it is to its own citizens that save more than 15% each year. Therefore Japan's debt is fully secured by the people of Japan. They once precisely controlled their currency. Will Japan do that again or have they stopped saving so much. Will Japan regain confidence and resume its manufacturing prowess? This will play out soon.
The world does not yet have to subscribe to an "0bama Depression" like they did to the socialist FDR Great Depression 1933-1941. We just have to reverse 0bamacare and other socialist policies so that businesses are not afraid to hire or get locked into some new communist entitlement to the lazy laid-back leftists. We must repeal Obamacare ASAP.
Economic Calendar
The leftists say that American Free Enterprise just failed after over 200 years of success and we are in a pickle and need to reconsider the hammer and the sickle. How stupid of Obama not to have learned yet that America and the rest of the free world have major boom-bust cycles every 20 to 50 years (five total since 1776) with panics in between (ten panics without a depression). Leftists are historically corrupt and manufacture invalid statistics primarily for propaganda. They don't understand economics or understand that when they fudge the number higher one month it tends to make the next month lower because it is hard to lie continuously about something like total unemployment or retail sales.
Obama's Budget Deficit for Aug was -$90.5 billion, a slightly smaller deficit than the -$103.6 billion last month.
Retail Sales Aug were solid improving 0.4% as it improved manipulated last month.
Retail Sales ex-auto Aug improved 0.6% up from 0.2% manipulated last month
Business Inventories Jul increased 1% compared with manipulated 0,5% last month
Yesterday NY Fed - Empire Manufacturing Survey Sep was down to 4.1 (sill positive growth) from 7.1 (better) last month.
Export Prices ex-ag. Aug were up 0.5% which is better than the disinflationary -0.2% last month.
Import Prices ex-oil Aug were up 0.3% which is better than the disinflationary -0.3% last month.
Industrial Production Aug improved 0.2% but much less than the manipulated reported 0.8% improvement last month.
Capacity Utilization Aug decreased to 74.7% last month from the downward manipulated reported 74.6% last month.
Crude Inventories 09/11 dropped 2.5M on top of the 1.9M decline last month. Prices are stable.
Today
Sep 16 8:30 AM Initial Claims 09/11
Sep 16 8:30 AM Continuing Claims 09/4
Sep 16 8:30 AM PPI Aug
Sep 16 8:30 AM Core PPI Aug
Sep 16 8:30 AM Current Account Q2
Sep 16 9:00 AM Net long-term TIC Flows Jun -
Sep 16 10:00 AM Philadelphia Fed Sep
This week
Sep 17 8:30 AM CPI Aug
Sep 17 8:30 AM Core CPI Aug
Sep 17 9:55 AM Michigan Sentiment Sep
Market Outlook Sept 16, 2010
An upside breakout would require a surge of the NYSE above 7127. We are now at 7180 but we still need a surge for it to be a breakout and we need a volume pickup. Yesterday volume was still well below the 100 day moving average.
Gold and silver are at highs and should be sold at these levels. It is time to take profits or snitzel, as Jim Cramer would say. Cramer is extremely bullish now and that is a bearish sign.
The moronic 0bama communists say, "The economy is in a pickle, time to reconsider the hammer and the sickle." They will smear all those who believe in America's free enterprise system, which survived 15 panics and 5 financial meltdowns since 1776.
But even when they are thrown out of office the lame duck leftists will still be able to pass an extreme leftist agenda and leave a legal morass for the new inexperienced Congress to unravel. The market will be very volatile until the end of January and investors should have good opportunities to get out and back in over the next four months.
Obama is a flaming racist! Members of Obama's race are still able to get zero down mortgages for houses they cannot afford. Obama now wants to bail out all the people of his race who got houses with 0% down mortgages and no established credit record. That makes American's mad and they are not going to take it any more.
World Markets
Asian markets were up last night following the USA. Shanghai down -1.9%, Hong Kong down -0.2%, India down -0.4%, and Japan down -0.1%.
European markets are down following American futures again this morning in a range of about -0.1% to -0.4% about half way through their day.
US pre-market futures are down slightly in the range -0.1% to -0.3% this morning at 8:00 AM.
The only thing we have to fear is fear itself, which now consists of 0bama, Gore, Bogoyevitch, Barney, Rangel, Waters and the other corrupt moron leftist democrat-socialists who are destroying America with racist giveaways to their voting constituencies. 0bama, the racist, wants every person of his race to get a no-money-down house and then tax working Americans to bail them out and forgive their debts.
It is time to kick Obama's ASS (American Socialist State) out of office.
Wednesday, September 15, 2010
The 0bamacare bill must be struck down to prevent Obama's American Socialist State (Obama's ASS)
The 0bamacare bill must be struck down to prevent Obama's American Socialist State (Obama's ASS)
Obama is a flaming racist! Members of Obama's race are still able to get zero down mortgages for houses they cannot afford. Obama now wants to bail out all the people of his race who got houses with 0% down mortgages and no established credit record. That makes American's mad and they are not going to take it any more. Throw the bums out!
Ignorance is just the state of Obama knowing nothing that he needs and should know.
Stupidity is Obama not caring to learn to prepare so he can know something to deal with the economy.
Ignoramus or moron is Obama still blaming others for his own ignorance and stupidity instead of studying world economic history and becoming a real president not a buffoon.
The Panic of 1819 was the first major financial crisis originating in the United States. But there were already two international financial crises after 1776 and before 1819.
1 The new nation had faced a depression during the American Revolution in the late 1780s
2 A severe economic downturn 1797-99 following the Panic of 1797.
3 But those earlier crises were primary caused by economic turmoil that originated in Europe. These crises and others that resulted from international conflicts such as the Embargo Act and War of 1812 caused widespread foreclosures, bank failures, unemployment, and a slump in agriculture and manufacturing. However, things changed for the US economy after the Second Bank of the United States was founded in 1816, in response to the spread of US bank notes across United States from private banks, due to inflation brought on by the debt following the war.
See:
http://www.thehistorybox.com/ny_city/panics/panics_article8a.htm
4 The Panic of 1819
In contrast, the causes of the Panic of 1819 largely originated within the U.S. economy. The panic marked the end of the economic expansion that had followed the War of 1812.
5 Panic and Depression 1832
6 Depression 1837-1843
7 The Panic of 1857
8 Panic and Depression 1869-1871
9 The Panic of 1873
Karl Marx Communist Manifesto was completed in 1882 in which he like Barack Hussein Obama declared that free enterprise was dead.
10 The Panic of 1893
11 The Panic of 1901-Market Fails, Panic Reigns
12 Herbert Hover Panic 1929 and FDR socialist Depression of 1933-1941
13 Jimmy Carter malaise and recession 1978-1983
14 Bill Clinton Dot Com Meltdown 2000 and 911 in 2001
15 Rangle-Dodd Senate Banking Commission mortgage corruption racket meltdown 2008
Yes America has had 15 busts of which about 5 were considered depressions but that is because American has lots of boom times. Socialism and communism have perpetual busts and only have economic booms when they abandon socialism and use their brains to imitate America just like China is doing today.
So moron Community Organizer and Chief, Barack Hussein Obama, last week again declared that the past sound economic policies (tax and government job cuts) of America have failed and his socialist Nigerian, Malaysian, and Moslem ideas (more government jobs for socialist sycophants) are better. He apparently is preparing public financing for his own personal domestic army of criminals modeled after Adolf Hitler's and Saddam Hussein's, personal guards who tortured and murdered dissidents.
See:
http://www.youtube.com/watch?v=kx3Rw8skOHs
The movie Operation Valkyrie shows how Hitler used the SS and the 2000 man personal guard. Claus Schenk Graf von Stauffenberg attempted one of the 16 failed assassinations to get rid of Hitler. If this 0bama dictatorship preparation is true then it is quite frightening and reason alone for striking down that legislation because how could the bill pass if it had been known when they voted on it!! And how can an unread Obama criminal bill even be legal? He deliberately forced it through in a few days so no one would read and understand the bill. Even Pellosi said no one knew what was in the bill.
World Markets:
The world does not yet have to have an "0bama Depression." We just have to reverse 0bamacare and other policies so that businesses are not afraid to hire and get locked into some new communist entitlement to the lazy laid-back leftists. We must repeal Obamacare ASAP.
Economic Calendar
The leftists say that American Free Enterprise just failed after over 200 years of success and we are in a pickle and need to reconsider the hammer and the sickle. How stupid of Obama not to have learned yet that America and the rest of the free world have major boom-bust cycles every 20 to 50 years with panics in between. Leftists are historically corrupt and manufacture invalid statistics primarily for propaganda. They don't understand economics or understand that when they fudge the number higher one month it tends to make the next month lower because it is hard to lie continuously about something like total unemployment or retail sales.
Obama's Budget Deficit for Aug was -$90.5 billion, a slightly smaller deficit than the -$103.6 billion last month.
Yesterdays past month numbers all appear manipulated after they were reported last month. They were manipulated in a direction to make this month's numbers look better.
Sep 14 8:30 AM Retail Sales Aug were solid improving 0.4% as it improved manipulated last month.
Sep 14 8:30 AM Retail Sales ex-auto Aug improved 0.6% up from 0.2% manipulated last month
Sep 14 10:00 AM Business Inventories Jul increased 1% compared with manipulated 0,5% last month
Today
Sep 15 8:30 AM NY Fed - Empire Manufacturing Survey Sep
Sep 15 8:30 AM Export Prices ex-ag. Aug
Sep 15 8:30 AM Import Prices ex-oil Aug
Sep 15 9:15 AM Industrial Production Aug
Sep 15 9:15 AM Capacity Utilization Aug
Sep 15 10:30 AM Crude Inventories 09/11
This week
Sep 16 8:30 AM Initial Claims 09/11
Sep 16 8:30 AM Continuing Claims 09/4
Sep 16 8:30 AM PPI Aug
Sep 16 8:30 AM Core PPI Aug
Sep 16 8:30 AM Current Account Q2
Sep 16 9:00 AM Net Long-Term TIC Flows Jun -
Sep 16 10:00 AM Philadelphia Fed Sep
Sep 17 8:30 AM CPI Aug
Sep 17 8:30 AM Core CPI Aug
Sep 17 9:55 AM Michigan Sentiment Sep
Market Outlook Sept 15, 2010
An upside breakout would require a surge of the NYSE above 7127. We are now at 7162 but we still need a surge for it to be a breakout and we need a volume pickup. Yesterday volume was still below the 100 day moving average.
Gold and silver are at highs and should be sold at these levels. It is time to take profits or snitzel, as Jim Cramer would say. Cramer is very bullish now.
The moronic 0bama communists say, "The economy is in a pickle, time to reconsider the hammer and the sickle." They will smear all those who believe in America's free enterprise system, which survived 15 panics and 5 financial meltdowns since 1776.
But even when they are thrown out of office the lame duck leftists will still be able to pass an extreme leftist agenda and leave a legal morass for the new inexperienced Congress to unravel. The market will be very volatile until the end of January and investors should have good opportunities to get out and back in over the next four months.
0bama's leftist government needs to be thrown out in November for the rally to be big. If the socialists maintain even a slight majority it will be impossible to reverse) 0bama's "Criminal Army," his unconstitutional redistribution of wealth, and 0bamacare because the socialists will claim they have a mandate to continue to destroy American free enterprise and liberty. The dirty propaganda the Nazi used to take control could pale in comparison to what the socialist-democrats have in store this October. FDR created the Great Depression out of the Wall Street panic of 1929. President Reagan deftly handled a Wall Street panic in October of 1987 and it was Greenspan's first test. Unfortunately 0bama is so stupid he actually still thinks this was the first time free enterprise has had a massive financial meltdown.
Obama is a flaming racist! Members of Obama's race are still able to get zero down mortgages for houses they cannot afford. Obama now wants to bail out all the people of his race who got houses with 0% down mortgages and no established credit record. That makes American's mad and they are not going to take it any more.
World Markets
Asian markets were up last night following the USA. Shanghai down -1.3%, Hong Kong up 0.2%, India up 0.8%, and Japan up 2.3%.
European markets are down following American futures again this morning in a range of about -0.1% to -0.5% about half way through their day.
US pre-market futures are down slightly in the range 0% to -0.3% this morning at 8:00 AM.
The only thing we have to fear is fear itself, which now consists of 0bama, Gore, Bogoyevitch, Barney, Rangel, Waters and the other corrupt moron leftist democrat-socialists who are destroying America with racist giveaways to their voting constituencies. 0bama, the racist, wants every person of his race to get a no-money-down house and then tax working Americans to bail them out and forgive their debt.
Obama is a flaming racist! Members of Obama's race are still able to get zero down mortgages for houses they cannot afford. Obama now wants to bail out all the people of his race who got houses with 0% down mortgages and no established credit record. That makes American's mad and they are not going to take it any more. Throw the bums out!
Ignorance is just the state of Obama knowing nothing that he needs and should know.
Stupidity is Obama not caring to learn to prepare so he can know something to deal with the economy.
Ignoramus or moron is Obama still blaming others for his own ignorance and stupidity instead of studying world economic history and becoming a real president not a buffoon.
The Panic of 1819 was the first major financial crisis originating in the United States. But there were already two international financial crises after 1776 and before 1819.
1 The new nation had faced a depression during the American Revolution in the late 1780s
2 A severe economic downturn 1797-99 following the Panic of 1797.
3 But those earlier crises were primary caused by economic turmoil that originated in Europe. These crises and others that resulted from international conflicts such as the Embargo Act and War of 1812 caused widespread foreclosures, bank failures, unemployment, and a slump in agriculture and manufacturing. However, things changed for the US economy after the Second Bank of the United States was founded in 1816, in response to the spread of US bank notes across United States from private banks, due to inflation brought on by the debt following the war.
See:
http://www.thehistorybox.com/ny_city/panics/panics_article8a.htm
4 The Panic of 1819
In contrast, the causes of the Panic of 1819 largely originated within the U.S. economy. The panic marked the end of the economic expansion that had followed the War of 1812.
5 Panic and Depression 1832
6 Depression 1837-1843
7 The Panic of 1857
8 Panic and Depression 1869-1871
9 The Panic of 1873
Karl Marx Communist Manifesto was completed in 1882 in which he like Barack Hussein Obama declared that free enterprise was dead.
10 The Panic of 1893
11 The Panic of 1901-Market Fails, Panic Reigns
12 Herbert Hover Panic 1929 and FDR socialist Depression of 1933-1941
13 Jimmy Carter malaise and recession 1978-1983
14 Bill Clinton Dot Com Meltdown 2000 and 911 in 2001
15 Rangle-Dodd Senate Banking Commission mortgage corruption racket meltdown 2008
Yes America has had 15 busts of which about 5 were considered depressions but that is because American has lots of boom times. Socialism and communism have perpetual busts and only have economic booms when they abandon socialism and use their brains to imitate America just like China is doing today.
So moron Community Organizer and Chief, Barack Hussein Obama, last week again declared that the past sound economic policies (tax and government job cuts) of America have failed and his socialist Nigerian, Malaysian, and Moslem ideas (more government jobs for socialist sycophants) are better. He apparently is preparing public financing for his own personal domestic army of criminals modeled after Adolf Hitler's and Saddam Hussein's, personal guards who tortured and murdered dissidents.
See:
http://www.youtube.com/watch?v=kx3Rw8skOHs
The movie Operation Valkyrie shows how Hitler used the SS and the 2000 man personal guard. Claus Schenk Graf von Stauffenberg attempted one of the 16 failed assassinations to get rid of Hitler. If this 0bama dictatorship preparation is true then it is quite frightening and reason alone for striking down that legislation because how could the bill pass if it had been known when they voted on it!! And how can an unread Obama criminal bill even be legal? He deliberately forced it through in a few days so no one would read and understand the bill. Even Pellosi said no one knew what was in the bill.
World Markets:
The world does not yet have to have an "0bama Depression." We just have to reverse 0bamacare and other policies so that businesses are not afraid to hire and get locked into some new communist entitlement to the lazy laid-back leftists. We must repeal Obamacare ASAP.
Economic Calendar
The leftists say that American Free Enterprise just failed after over 200 years of success and we are in a pickle and need to reconsider the hammer and the sickle. How stupid of Obama not to have learned yet that America and the rest of the free world have major boom-bust cycles every 20 to 50 years with panics in between. Leftists are historically corrupt and manufacture invalid statistics primarily for propaganda. They don't understand economics or understand that when they fudge the number higher one month it tends to make the next month lower because it is hard to lie continuously about something like total unemployment or retail sales.
Obama's Budget Deficit for Aug was -$90.5 billion, a slightly smaller deficit than the -$103.6 billion last month.
Yesterdays past month numbers all appear manipulated after they were reported last month. They were manipulated in a direction to make this month's numbers look better.
Sep 14 8:30 AM Retail Sales Aug were solid improving 0.4% as it improved manipulated last month.
Sep 14 8:30 AM Retail Sales ex-auto Aug improved 0.6% up from 0.2% manipulated last month
Sep 14 10:00 AM Business Inventories Jul increased 1% compared with manipulated 0,5% last month
Today
Sep 15 8:30 AM NY Fed - Empire Manufacturing Survey Sep
Sep 15 8:30 AM Export Prices ex-ag. Aug
Sep 15 8:30 AM Import Prices ex-oil Aug
Sep 15 9:15 AM Industrial Production Aug
Sep 15 9:15 AM Capacity Utilization Aug
Sep 15 10:30 AM Crude Inventories 09/11
This week
Sep 16 8:30 AM Initial Claims 09/11
Sep 16 8:30 AM Continuing Claims 09/4
Sep 16 8:30 AM PPI Aug
Sep 16 8:30 AM Core PPI Aug
Sep 16 8:30 AM Current Account Q2
Sep 16 9:00 AM Net Long-Term TIC Flows Jun -
Sep 16 10:00 AM Philadelphia Fed Sep
Sep 17 8:30 AM CPI Aug
Sep 17 8:30 AM Core CPI Aug
Sep 17 9:55 AM Michigan Sentiment Sep
Market Outlook Sept 15, 2010
An upside breakout would require a surge of the NYSE above 7127. We are now at 7162 but we still need a surge for it to be a breakout and we need a volume pickup. Yesterday volume was still below the 100 day moving average.
Gold and silver are at highs and should be sold at these levels. It is time to take profits or snitzel, as Jim Cramer would say. Cramer is very bullish now.
The moronic 0bama communists say, "The economy is in a pickle, time to reconsider the hammer and the sickle." They will smear all those who believe in America's free enterprise system, which survived 15 panics and 5 financial meltdowns since 1776.
But even when they are thrown out of office the lame duck leftists will still be able to pass an extreme leftist agenda and leave a legal morass for the new inexperienced Congress to unravel. The market will be very volatile until the end of January and investors should have good opportunities to get out and back in over the next four months.
0bama's leftist government needs to be thrown out in November for the rally to be big. If the socialists maintain even a slight majority it will be impossible to reverse) 0bama's "Criminal Army," his unconstitutional redistribution of wealth, and 0bamacare because the socialists will claim they have a mandate to continue to destroy American free enterprise and liberty. The dirty propaganda the Nazi used to take control could pale in comparison to what the socialist-democrats have in store this October. FDR created the Great Depression out of the Wall Street panic of 1929. President Reagan deftly handled a Wall Street panic in October of 1987 and it was Greenspan's first test. Unfortunately 0bama is so stupid he actually still thinks this was the first time free enterprise has had a massive financial meltdown.
Obama is a flaming racist! Members of Obama's race are still able to get zero down mortgages for houses they cannot afford. Obama now wants to bail out all the people of his race who got houses with 0% down mortgages and no established credit record. That makes American's mad and they are not going to take it any more.
World Markets
Asian markets were up last night following the USA. Shanghai down -1.3%, Hong Kong up 0.2%, India up 0.8%, and Japan up 2.3%.
European markets are down following American futures again this morning in a range of about -0.1% to -0.5% about half way through their day.
US pre-market futures are down slightly in the range 0% to -0.3% this morning at 8:00 AM.
The only thing we have to fear is fear itself, which now consists of 0bama, Gore, Bogoyevitch, Barney, Rangel, Waters and the other corrupt moron leftist democrat-socialists who are destroying America with racist giveaways to their voting constituencies. 0bama, the racist, wants every person of his race to get a no-money-down house and then tax working Americans to bail them out and forgive their debt.
Tuesday, September 14, 2010
The Panic of 1819 was the first major financial crisis originating in the United States.
The Panic of 1819 was the first major financial crisis originating in the United States.
The new nation had faced a depression in the late 1780s, and another severe economic downturn in the late 1790s following the Panic of 1797. But those earlier crises were primary caused by economic turmoil that originated in Europe. These crises and others that resulted from international conflicts such as the Embargo Act and War of 1812 caused widespread foreclosures, bank failures, unemployment, and a slump in agriculture and manufacturing. However, things changed for the US economy after the Second Bank of the United States was founded in 1816, in response to the spread of US bank notes across United States from private banks, due to inflation brought on by the debt following the war. In contrast, the causes of the Panic of 1819 largely originated within the U.S. economy. The panic marked the end of the economic expansion that had followed the War of 1812.
Independent analysis of Sy Harding seasonal performance timing model shows he does no better than just a buy and hold strategy. See:
http://www.cxoadvisory.com/calendar-effects/simple-test-of-sy-hardings-seasonal-timing-strategy/
Is it true that Obama has provided for a personal domestic army reporting only to him hidden in the Obamacare bill? I remember he proposed his dictator's personal guard during his campaign but is it true he actually hid it in the healthcare bill that was passed before anyone could read it? Remember a personal Guard was what Saddam Hussein used to enforce his dictatorship! The dictators of the Roman Empire also always had a large imperial guard. Adolf Hitler had the SS troops and another 2000 man personal army in Berlin for that purpose too. If this 0bama dictatorship information is true then it is quite frightening and reason alone for striking down that legislation because how could the bill pass if it had been known when they voted on it!!
See:
http://www.youtube.com/watch?v=kx3Rw8skOHs
The movie Operation Valkyrie shows how Hitler used the SS and the 2000 man personal guard. Claus Schenk Graf von Stauffenberg attempted one of the 16 failed assassinations to get rid of Hitler.
World Markets:
The world does not yet have to have an "0bama Depression." 0bama is starting to introduce some McCain campaign ideas that will help but not go far enough. We just have to reverse 0bamacare and other policies so that businesses are not afraid to hire and get locked into some new communist entitlement to the lazy laid-back leftists. We must repeal Obamacare ASAP.
Economic Calendar
The leftists say that American Free Enterprise just failed after over 200 years of success and we are in a pickle and need to reconsider the hammer and the sickle. How stupid of Obama not to have learned yet that America and the rest of the world have one of the boom bust cycles every 20 to 50 years. Leftists are historically corrupt and manufacture invalid statistics primarily for propaganda. They don't understand economics or understand that when they fudge the number higher one month it tends to make the next month lower because it is hard to lie continuously about something like total unemployment or retail sales.
Yesterday
Obama's Budget Deficit for Aug was -$90.5 billion, a slightly smaller deficit than the -$103.6 billion last month.
Today
Sep 14 8:30 AM Retail Sales Aug
Sep 14 8:30 AM Retail Sales ex-auto Aug
Sep 14 10:00 AM Business Inventories Jul
This week
Sep 15 8:30 AM NY Fed - Empire Manufacturing Survey Sep
Sep 15 8:30 AM Export Prices ex-ag. Aug
Sep 15 8:30 AM Import Prices ex-oil Aug
Sep 15 9:15 AM Industrial Production Aug
Sep 15 9:15 AM Capacity Utilization Aug
Sep 15 10:30 AM Crude Inventories 09/11
Sep 16 8:30 AM Initial Claims 09/11
Sep 16 8:30 AM Continuing Claims 09/4
Sep 16 8:30 AM PPI Aug
Sep 16 8:30 AM Core PPI Aug
Sep 16 8:30 AM Current Account Q2
Sep 16 9:00 AM Net Long-Term TIC Flows Jun -
Sep 16 10:00 AM Philadelphia Fed Sep
Sep 17 8:30 AM CPI Aug
Sep 17 8:30 AM Core CPI Aug
Sep 17 9:55 AM Mich Sentiment Sep
Market Outlook Sept 14, 2010
An upside breakout would require a surge of the NYSE above 71270. We are now at 71562 but we need a surge for it to be a breakout and we need a volume pickup. Yesterday volume rose 21% but it is still below the 100 day moving average.
It is time to take profits or snitzel, as Jim Cramer would say. Cramer is very bullish now. The socialist community organizers are planning an exceptionally dirty campaign this fall. The 0bama communists who say, "The economy is in a pickle, time to reconsider the hammer and the sickle" will smear all those who believe in America's free enterprise system which survived many financial meltdowns since 1776.
But even when they are thrown out of office the lame duck leftists will still be able to pass an extreme leftist agenda and leave a legal morass for the new inexperienced Congress to unravel. The market will be very volatile until the end of January and investors should have good opportunities to get out and back in over the next four months.
0bama's leftist government needs to be thrown out in November for the rally to be big. If the socialists maintain even a slight majority it will be impossible to reverse) 0bama's "Dictator Army," his unconstitutional redistribution of wealth, and 0bamacare because the socialists will claim they have a mandate to continue to destroy American free enterprise and liberty. The dirty propaganda the Nazi used to take control could pale in comparison to what the socialist-democrats have in store this October. FDR created the Great Depression out of the Wall Street panic of 1929. President Reagan deftly handled a Wall Street panic in October of 1987 and it was Greenspan's first test. Unfortunately 0bama is so stupid he actually still thinks this was the first time free enterprise had a massive financial meltdown.
World Markets
Asian markets were mixed last night following the USA breaking the 100-day moving average. Shanghai up 0%, Hong Kong up 0.2%, India up 0.7%, and Japan down -0.2%.
European markets are flat following American futures again this morning in a range of about 0% to -0.1% about half way through their day.
US pre-market futures are flat in the range 0% to -0.2% this morning at 7:00 AM.
The only thing we have to fear is fear itself, which now consists of 0bama, Gore, Bogoyevitch, Barney, Rangel, Waters and the other corrupt leftist democrat-socialists who are destroying America with racist giveaways to their constituencies.
The new nation had faced a depression in the late 1780s, and another severe economic downturn in the late 1790s following the Panic of 1797. But those earlier crises were primary caused by economic turmoil that originated in Europe. These crises and others that resulted from international conflicts such as the Embargo Act and War of 1812 caused widespread foreclosures, bank failures, unemployment, and a slump in agriculture and manufacturing. However, things changed for the US economy after the Second Bank of the United States was founded in 1816, in response to the spread of US bank notes across United States from private banks, due to inflation brought on by the debt following the war. In contrast, the causes of the Panic of 1819 largely originated within the U.S. economy. The panic marked the end of the economic expansion that had followed the War of 1812.
Independent analysis of Sy Harding seasonal performance timing model shows he does no better than just a buy and hold strategy. See:
http://www.cxoadvisory.com/calendar-effects/simple-test-of-sy-hardings-seasonal-timing-strategy/
Is it true that Obama has provided for a personal domestic army reporting only to him hidden in the Obamacare bill? I remember he proposed his dictator's personal guard during his campaign but is it true he actually hid it in the healthcare bill that was passed before anyone could read it? Remember a personal Guard was what Saddam Hussein used to enforce his dictatorship! The dictators of the Roman Empire also always had a large imperial guard. Adolf Hitler had the SS troops and another 2000 man personal army in Berlin for that purpose too. If this 0bama dictatorship information is true then it is quite frightening and reason alone for striking down that legislation because how could the bill pass if it had been known when they voted on it!!
See:
http://www.youtube.com/watch?v=kx3Rw8skOHs
The movie Operation Valkyrie shows how Hitler used the SS and the 2000 man personal guard. Claus Schenk Graf von Stauffenberg attempted one of the 16 failed assassinations to get rid of Hitler.
World Markets:
The world does not yet have to have an "0bama Depression." 0bama is starting to introduce some McCain campaign ideas that will help but not go far enough. We just have to reverse 0bamacare and other policies so that businesses are not afraid to hire and get locked into some new communist entitlement to the lazy laid-back leftists. We must repeal Obamacare ASAP.
Economic Calendar
The leftists say that American Free Enterprise just failed after over 200 years of success and we are in a pickle and need to reconsider the hammer and the sickle. How stupid of Obama not to have learned yet that America and the rest of the world have one of the boom bust cycles every 20 to 50 years. Leftists are historically corrupt and manufacture invalid statistics primarily for propaganda. They don't understand economics or understand that when they fudge the number higher one month it tends to make the next month lower because it is hard to lie continuously about something like total unemployment or retail sales.
Yesterday
Obama's Budget Deficit for Aug was -$90.5 billion, a slightly smaller deficit than the -$103.6 billion last month.
Today
Sep 14 8:30 AM Retail Sales Aug
Sep 14 8:30 AM Retail Sales ex-auto Aug
Sep 14 10:00 AM Business Inventories Jul
This week
Sep 15 8:30 AM NY Fed - Empire Manufacturing Survey Sep
Sep 15 8:30 AM Export Prices ex-ag. Aug
Sep 15 8:30 AM Import Prices ex-oil Aug
Sep 15 9:15 AM Industrial Production Aug
Sep 15 9:15 AM Capacity Utilization Aug
Sep 15 10:30 AM Crude Inventories 09/11
Sep 16 8:30 AM Initial Claims 09/11
Sep 16 8:30 AM Continuing Claims 09/4
Sep 16 8:30 AM PPI Aug
Sep 16 8:30 AM Core PPI Aug
Sep 16 8:30 AM Current Account Q2
Sep 16 9:00 AM Net Long-Term TIC Flows Jun -
Sep 16 10:00 AM Philadelphia Fed Sep
Sep 17 8:30 AM CPI Aug
Sep 17 8:30 AM Core CPI Aug
Sep 17 9:55 AM Mich Sentiment Sep
Market Outlook Sept 14, 2010
An upside breakout would require a surge of the NYSE above 71270. We are now at 71562 but we need a surge for it to be a breakout and we need a volume pickup. Yesterday volume rose 21% but it is still below the 100 day moving average.
It is time to take profits or snitzel, as Jim Cramer would say. Cramer is very bullish now. The socialist community organizers are planning an exceptionally dirty campaign this fall. The 0bama communists who say, "The economy is in a pickle, time to reconsider the hammer and the sickle" will smear all those who believe in America's free enterprise system which survived many financial meltdowns since 1776.
But even when they are thrown out of office the lame duck leftists will still be able to pass an extreme leftist agenda and leave a legal morass for the new inexperienced Congress to unravel. The market will be very volatile until the end of January and investors should have good opportunities to get out and back in over the next four months.
0bama's leftist government needs to be thrown out in November for the rally to be big. If the socialists maintain even a slight majority it will be impossible to reverse) 0bama's "Dictator Army," his unconstitutional redistribution of wealth, and 0bamacare because the socialists will claim they have a mandate to continue to destroy American free enterprise and liberty. The dirty propaganda the Nazi used to take control could pale in comparison to what the socialist-democrats have in store this October. FDR created the Great Depression out of the Wall Street panic of 1929. President Reagan deftly handled a Wall Street panic in October of 1987 and it was Greenspan's first test. Unfortunately 0bama is so stupid he actually still thinks this was the first time free enterprise had a massive financial meltdown.
World Markets
Asian markets were mixed last night following the USA breaking the 100-day moving average. Shanghai up 0%, Hong Kong up 0.2%, India up 0.7%, and Japan down -0.2%.
European markets are flat following American futures again this morning in a range of about 0% to -0.1% about half way through their day.
US pre-market futures are flat in the range 0% to -0.2% this morning at 7:00 AM.
The only thing we have to fear is fear itself, which now consists of 0bama, Gore, Bogoyevitch, Barney, Rangel, Waters and the other corrupt leftist democrat-socialists who are destroying America with racist giveaways to their constituencies.
Monday, September 13, 2010
Obama, Pelosi, and Dirty Harry frequently say the American economic system has failed.
Obama, Pelosi, and Dirty Harry frequently say that they think the American economic system of free enterprise and pay for performance has failed.
While in a sense they are correct, it is a failure of America's leftists run education because they never learned that our system has failed quite regularly (every twenty to fifty years). It is called the business cycle and it is punctuated by financial panics. But our system compares well with the Obama's preferred communist system of the old Soviet Union that existed for fifty years in a perpetual state of a great depression. Our cyclic advancing economy compares well with socialist countries that normally have more than 10% unemployment punctuated by the same exact financial panics as our American business cycle. In fact economists have studies that trace this boom and bust cycle throughout all types of economies throughout written history. The Old Testament even talks of the year of Jubilee when after fifty years and an economic bust, all debts were forgiven.
In fact Obama, Pelosi, and Dirty Harry are not the first to say America's economic system was a failure. There were socialists in France such as Jean Jaures who said it and later the moron Karl Marx said it and devised a stable economic system that was no longer boom and bust. His new system took away liberty and created government as the only employer available. It ushered in a new era of stability that unfortunately was fifty years of stable economic bust coupled with the murder of 80 million citizens who remembered that even the limited freedom of feudalism was better than socialism.
What we have now is the result of the breakdown of American courts and educational system caused by the infiltration of leftist racists and perverts who now run the American schools, the Congregational Church, the Unitarians, recently the Episcopalians and the Lutheran ELCA, half the Supreme Court, and now control the Executive and congressional branches of government. They are extremely ignorant people who are well educated in leftist language skills just as every leftist dictator is today. Just look at what they did to Russia, Eastern Europe, and Cuba and are doing now to Venezuela. Both had thriving economies and rich resources. Cuba only existed on the handouts of Russia, George Soros, and American leftists. Chavez in Venezuela is so stupid he has energy shortages even after confiscating all the international oil company properties. These leftists in addition to stupidity are extremely cruel dictators, yet popular politicians who survive on hatred and class warfare. Once they hated just Jews in banking and now they still hate the Jews but also anyone else who manages to accrue wealth, earns more than $250,000 per year, or those who, as small businessmen, provide most new productive occupations. They want government employment and health care because the leftists are generally the most corrupt and evil of politicians. Leftist politics is how one gets ahead under socialism. In Albany New York it has been well known for years that even your garbage pickup is inferior as well as your taxes were higher if you were not registered with the party that has controlled the city for over forty years. Is it any wonder that socialist dictators get upwards of 98% of the democratic vote after they abolish their term limits and change the constitution to give themselves dictatorial power to imprison the opposition? Usually they promise land reform or some other redistribution of wealth from productive people to their constituency of the leftist (i.e. coalition of socialist-state/federal racist employees-pervert-union-lazy-welfare-drug addict-indigent-illegals).
Letting productive people keep some of their money to invest and create new jobs was something 0bama and Pelosi ridiculed when they took office. Those socialist idiots thought the fastest way to get the economy going was to give money to people on welfare, drug-addicts and people of the same race as 0bama. They stimulated so much drug traffic that Mexico may soon have a drug-lord socialist dictator selected by Obama policies.
World Markets:
The world markets continue to follow the US markets. All we need to do is get our free enterprise system freed up from 0bama's hammer and sickle programs following the November elections. European socialists are now buying bank stocks because they favor the new regulations on face value not because they may help recovery. But in America… racist no-money down mortgages are still being given out.
Economic Calendar
We have been seeing manipulated leftist 0bama government statistics again with wide data scatter and swings in corrections as big as the reported changes themselves. Unemployment figures are now fudged lower because elections are coming up. Then the 0bama communists will let them rise quickly after the socialists are thrown out so the leftists can say that American Free Enterprise just failed after over 200 years of success and we are in a pickle and need to reconsider the hammer and the sickle.
Leftists are historically corrupt and manufacture useless statistics primarily for propaganda. They don't understand economics or understand that when they fudge the number higher one month it tends to make the next month lower because it is hard to lie continuously about something like total unemployment or retail sales.
Mayor Bloomberg is a leftist leaning Republican disgrace for not having new towers built on the 9-11 site that would dwarf any nearby mosques. Leftists in NYC have delayed the rebuilding for eight years. The disgrace is not the building of a mosque near the 9-11 site but of Bloomberg leaving a 600 feet deep hole as the NYC answer to terrorism instead of a triumphant expression.
Last Friday
Wholesale Inventories July unfortunately increased 1.3% after a small 0.1% increases last month. One does not like increasing inventories because eventually that means production needs to slow down.
Today
Sep 13 2:00 PM Treasury Budget Aug
This week
Sep 14 8:30 AM Retail Sales Aug
Sep 14 8:30 AM Retail Sales ex-auto Aug
Sep 14 10:00 AM Business Inventories Jul
Sep 15 8:30 AM NY Fed - Empire Manufacturing Survey Sep
Sep 15 8:30 AM Export Prices ex-ag. Aug
Sep 15 8:30 AM Import Prices ex-oil Aug
Sep 15 9:15 AM Industrial Production Aug
Sep 15 9:15 AM Capacity Utilization Aug
Sep 15 10:30 AM Crude Inventories 09/11
Sep 16 8:30 AM Initial Claims 09/11
Sep 16 8:30 AM Continuing Claims 09/4
Sep 16 8:30 AM PPI Aug
Sep 16 8:30 AM Core PPI Aug
Sep 16 8:30 AM Current Account Q2
Sep 16 9:00 AM Net Long-Term TIC Flows Jun -
Sep 16 10:00 AM Philadelphia Fed Sep
Sep 17 8:30 AM CPI Aug
Sep 17 8:30 AM Core CPI Aug
Sep 17 9:55 AM Mich Sentiment Sep
Market Outlook Sept 13, 2010
An upside breakout would require a surge of the NYSE above 71270. We are now at 70344.
Friday was again low volume but again at least an advance. The hedge funds are starting to realize they killed investor enthusiasm with their greedy high speed trading that manipulated stock prices. They lied and told investors those stop-loss orders would protect them. But the flash crash of May 6 completely wiped out many small investors especially those with any with stop loss orders within margin accounts. But GE/MSNBC/Pravda had lied and is once again even claiming stop loss orders would have protected people in the Flash-Crash.
It is time to get ready to take profits. The socialist community organizers are planning an exceptionally dirty campaign this fall. All those who believe in America's free enterprise system which survived since 1776 will be given the Sarah Palin treatment by the 0bama communists who say, "The economy is in a pickle, time to reconsider the hammer and the sickle."
Even when they are thrown out of office the lame duck leftists will still be able to pass an extreme leftist agenda and leave a legal morass for the new inexperienced Congress to unravel. The market will be very volatile until the end of January and investors should have good opportunities to get out and back in over the next four months.
We would have been out of the recession before now if corporations were hiring and they would be hiring if tax and spend socialism had not been introduced by Community-organizer-in-chief, 0bama. The 0bama deficit is already almost three times what eight years of fending off Moslem terrorists has cost us in Iraq and Afghanistan. And if 0bama lets Iran build the A-bomb and nuke America that probably will cause World War III and end the 0bama depression just like WWII ended Franklin D. Roosevelt's depression.
0bama's leftist government needs to be thrown out in November for the rally to be big. If the socialists maintain even a slight majority it will be impossible to reverse the arrogant unconstitutional redistribution of wealth and 0bamacare because the socialists will claim they have a mandate to continue to destroy American free enterprise and liberty. The dirty propaganda the Nazi used to take control could pale in comparison to what the socialist-democrats have in store this October. FDR created the Great Depression out of the Wall Street panic of 1929. President Reagan handled a Wall Street panic in October of 1987 and it was Greenspan's first test. Unfortunately 0bama and Bernanke can't measure up to Reagan and Greenspan.
World Markets
Asian markets were up sharply last night following the USA. Shanghai up 0.9%, Hong Kong up 1.9%, India up 2.2%, and Japan up 0.9%.
European markets are up following American futures again this morning in a range of about 0.7% to 1.1% about half way through their day.
US pre-market futures are up in the range 0.7% to 1% this morning at 9:00 AM.
The only thing we have to fear is fear itself, which now consists of 0bama, Gore, Bogoyevitch, Barney, Rangel, Waters and the other corrupt leftist democrat-socialists who are destroying America with racist giveaways to their constituencies (no straight white people need apply).
While in a sense they are correct, it is a failure of America's leftists run education because they never learned that our system has failed quite regularly (every twenty to fifty years). It is called the business cycle and it is punctuated by financial panics. But our system compares well with the Obama's preferred communist system of the old Soviet Union that existed for fifty years in a perpetual state of a great depression. Our cyclic advancing economy compares well with socialist countries that normally have more than 10% unemployment punctuated by the same exact financial panics as our American business cycle. In fact economists have studies that trace this boom and bust cycle throughout all types of economies throughout written history. The Old Testament even talks of the year of Jubilee when after fifty years and an economic bust, all debts were forgiven.
In fact Obama, Pelosi, and Dirty Harry are not the first to say America's economic system was a failure. There were socialists in France such as Jean Jaures who said it and later the moron Karl Marx said it and devised a stable economic system that was no longer boom and bust. His new system took away liberty and created government as the only employer available. It ushered in a new era of stability that unfortunately was fifty years of stable economic bust coupled with the murder of 80 million citizens who remembered that even the limited freedom of feudalism was better than socialism.
What we have now is the result of the breakdown of American courts and educational system caused by the infiltration of leftist racists and perverts who now run the American schools, the Congregational Church, the Unitarians, recently the Episcopalians and the Lutheran ELCA, half the Supreme Court, and now control the Executive and congressional branches of government. They are extremely ignorant people who are well educated in leftist language skills just as every leftist dictator is today. Just look at what they did to Russia, Eastern Europe, and Cuba and are doing now to Venezuela. Both had thriving economies and rich resources. Cuba only existed on the handouts of Russia, George Soros, and American leftists. Chavez in Venezuela is so stupid he has energy shortages even after confiscating all the international oil company properties. These leftists in addition to stupidity are extremely cruel dictators, yet popular politicians who survive on hatred and class warfare. Once they hated just Jews in banking and now they still hate the Jews but also anyone else who manages to accrue wealth, earns more than $250,000 per year, or those who, as small businessmen, provide most new productive occupations. They want government employment and health care because the leftists are generally the most corrupt and evil of politicians. Leftist politics is how one gets ahead under socialism. In Albany New York it has been well known for years that even your garbage pickup is inferior as well as your taxes were higher if you were not registered with the party that has controlled the city for over forty years. Is it any wonder that socialist dictators get upwards of 98% of the democratic vote after they abolish their term limits and change the constitution to give themselves dictatorial power to imprison the opposition? Usually they promise land reform or some other redistribution of wealth from productive people to their constituency of the leftist (i.e. coalition of socialist-state/federal racist employees-pervert-union-lazy-welfare-drug addict-indigent-illegals).
Letting productive people keep some of their money to invest and create new jobs was something 0bama and Pelosi ridiculed when they took office. Those socialist idiots thought the fastest way to get the economy going was to give money to people on welfare, drug-addicts and people of the same race as 0bama. They stimulated so much drug traffic that Mexico may soon have a drug-lord socialist dictator selected by Obama policies.
World Markets:
The world markets continue to follow the US markets. All we need to do is get our free enterprise system freed up from 0bama's hammer and sickle programs following the November elections. European socialists are now buying bank stocks because they favor the new regulations on face value not because they may help recovery. But in America… racist no-money down mortgages are still being given out.
Economic Calendar
We have been seeing manipulated leftist 0bama government statistics again with wide data scatter and swings in corrections as big as the reported changes themselves. Unemployment figures are now fudged lower because elections are coming up. Then the 0bama communists will let them rise quickly after the socialists are thrown out so the leftists can say that American Free Enterprise just failed after over 200 years of success and we are in a pickle and need to reconsider the hammer and the sickle.
Leftists are historically corrupt and manufacture useless statistics primarily for propaganda. They don't understand economics or understand that when they fudge the number higher one month it tends to make the next month lower because it is hard to lie continuously about something like total unemployment or retail sales.
Mayor Bloomberg is a leftist leaning Republican disgrace for not having new towers built on the 9-11 site that would dwarf any nearby mosques. Leftists in NYC have delayed the rebuilding for eight years. The disgrace is not the building of a mosque near the 9-11 site but of Bloomberg leaving a 600 feet deep hole as the NYC answer to terrorism instead of a triumphant expression.
Last Friday
Wholesale Inventories July unfortunately increased 1.3% after a small 0.1% increases last month. One does not like increasing inventories because eventually that means production needs to slow down.
Today
Sep 13 2:00 PM Treasury Budget Aug
This week
Sep 14 8:30 AM Retail Sales Aug
Sep 14 8:30 AM Retail Sales ex-auto Aug
Sep 14 10:00 AM Business Inventories Jul
Sep 15 8:30 AM NY Fed - Empire Manufacturing Survey Sep
Sep 15 8:30 AM Export Prices ex-ag. Aug
Sep 15 8:30 AM Import Prices ex-oil Aug
Sep 15 9:15 AM Industrial Production Aug
Sep 15 9:15 AM Capacity Utilization Aug
Sep 15 10:30 AM Crude Inventories 09/11
Sep 16 8:30 AM Initial Claims 09/11
Sep 16 8:30 AM Continuing Claims 09/4
Sep 16 8:30 AM PPI Aug
Sep 16 8:30 AM Core PPI Aug
Sep 16 8:30 AM Current Account Q2
Sep 16 9:00 AM Net Long-Term TIC Flows Jun -
Sep 16 10:00 AM Philadelphia Fed Sep
Sep 17 8:30 AM CPI Aug
Sep 17 8:30 AM Core CPI Aug
Sep 17 9:55 AM Mich Sentiment Sep
Market Outlook Sept 13, 2010
An upside breakout would require a surge of the NYSE above 71270. We are now at 70344.
Friday was again low volume but again at least an advance. The hedge funds are starting to realize they killed investor enthusiasm with their greedy high speed trading that manipulated stock prices. They lied and told investors those stop-loss orders would protect them. But the flash crash of May 6 completely wiped out many small investors especially those with any with stop loss orders within margin accounts. But GE/MSNBC/Pravda had lied and is once again even claiming stop loss orders would have protected people in the Flash-Crash.
It is time to get ready to take profits. The socialist community organizers are planning an exceptionally dirty campaign this fall. All those who believe in America's free enterprise system which survived since 1776 will be given the Sarah Palin treatment by the 0bama communists who say, "The economy is in a pickle, time to reconsider the hammer and the sickle."
Even when they are thrown out of office the lame duck leftists will still be able to pass an extreme leftist agenda and leave a legal morass for the new inexperienced Congress to unravel. The market will be very volatile until the end of January and investors should have good opportunities to get out and back in over the next four months.
We would have been out of the recession before now if corporations were hiring and they would be hiring if tax and spend socialism had not been introduced by Community-organizer-in-chief, 0bama. The 0bama deficit is already almost three times what eight years of fending off Moslem terrorists has cost us in Iraq and Afghanistan. And if 0bama lets Iran build the A-bomb and nuke America that probably will cause World War III and end the 0bama depression just like WWII ended Franklin D. Roosevelt's depression.
0bama's leftist government needs to be thrown out in November for the rally to be big. If the socialists maintain even a slight majority it will be impossible to reverse the arrogant unconstitutional redistribution of wealth and 0bamacare because the socialists will claim they have a mandate to continue to destroy American free enterprise and liberty. The dirty propaganda the Nazi used to take control could pale in comparison to what the socialist-democrats have in store this October. FDR created the Great Depression out of the Wall Street panic of 1929. President Reagan handled a Wall Street panic in October of 1987 and it was Greenspan's first test. Unfortunately 0bama and Bernanke can't measure up to Reagan and Greenspan.
World Markets
Asian markets were up sharply last night following the USA. Shanghai up 0.9%, Hong Kong up 1.9%, India up 2.2%, and Japan up 0.9%.
European markets are up following American futures again this morning in a range of about 0.7% to 1.1% about half way through their day.
US pre-market futures are up in the range 0.7% to 1% this morning at 9:00 AM.
The only thing we have to fear is fear itself, which now consists of 0bama, Gore, Bogoyevitch, Barney, Rangel, Waters and the other corrupt leftist democrat-socialists who are destroying America with racist giveaways to their constituencies (no straight white people need apply).
Friday, September 10, 2010
Obama knew his stimulus package would feed the drug war insurgency in Mexico.
Obama knew his stimulus package would feed the drug war insurgency in Mexico.
Do you remember when Obama socialists said tax cuts only help the rich? Well as a result we are losing jobs right now at a net $20million jobs per year and now he agrees tax cut are a good idea and he is going to have tax cuts which he claims don't help the rich but help small businesses.
Do you remember though that he said anyone making more than $250,000 per year will not get a tax break? Well Obama is too stupid to think before he speaks and is about to discover that the small businessmen are the ones making $250,000 to $500,000 a year because they are most of the Subchapter-S tax filers who are so small they file their business income on their personal tax form so their personal income is a lot higher but they avoid the double taxation Obama would force them to pay if they were taxed first with a corporation tax and again with their personal income tax. You see Obama is too ignorant to know how his tax policy either double taxes small businessmen or forces them to report all corporate income on their personal tax forms. Therefore the 0bama limit of $250,000 inhibits all the small businessmen who would be hiring now because they could end up with a cash flow problem and bankruptcy.
Do you remember when Obama socialists said that Bush's strong Mexican border control was a waste of time because American demand for drugs was what was making the drug lords rich and we should drop our border defense. Well now Obama and Hillary misjudgments have made the drug lords so powerful that yesterday they said that we have created a left wing Bolivian type insurgency in Mexico. Remember how they said by giving the $trillions to their political constituency of a leftist coalition of socialist-state/federal racist employees-pervert-union-lazy-welfare-drug addict-indigent-illegals would get the cash into the economy the fastest? Well Obama obviously passed all the American taxpayers money to the drug cartels which are flourishing under Obama border policies.
Letting productive people keep some of their money to invest and create new jobs was something 0bama and Pelosi ridiculed when they took office. Those socialist idiots thought the fastest way to get the economy going was to give money to people on welfare, drug-addicts and people of the same race as 0bama. But the recipients of welfare don't have to take drug tests to get welfare. Working people in private industry do have to be drug-free. What happened is that the Mexican drug lords have gotten the full benefit of 0bama flushing over $1trillion down that toilet bowl. 0bama's political constituency of 1960's hippies and leftist cocaine addicted radicals are the biggest boon to the drug cartels. The Obama leftists are changing state laws and you can fry your brain on marijuana in any town in California today. Stoned California, Pelosi-land now has the country's third highest unemployment rate.
World Markets:
The WSJ this morning said Japan just woke up to what we have been saying for a year. When China buys Japan's currency, China destroys Japan's competitiveness by making Japanese products more expensive. Furthermore it also is like giving Japan crack-cocaine. The crack-cash infusions from china allow Japan to spend recklessly to weaken their currency. The 0bama administration is already addicted to China's crack-cash infusions and it is destroying American competitiveness by keeping American product prices high and unemployment high. The 0bama administration economic advisors are too stupid to know this and they are acting like their addicted/stupid constituents who don't have two nickels to rub together because they chose to live beyond their means and usually chose recreational drugs as well. Any political organization that promotes legalization of drugs is brain-dead and obviously ignorant of the fact that drugs were legal throughout the world for centuries and in America until 1914. They turn strong healthy brilliant people into sniveling cockroaches just like Buckley was when he became an advocate for cocaine legalization.
Americans and Chinese have an amicable relationship on a people to people level. We have never attacked each other… in fact America helped China defeat the Japanese and China helped many American soldiers who had to parachute into china during WWII to avoid capture by the Japanese. Many American and Chinese schools now have student exchange programs. Unfortunately drugs and China's crack-cash infusions are now becoming the world's greatest economic threats. If China uses them and then wages war, China and much of the world will cease to exist. The Chinese people seem wise enough to realize that secret intelligent technology already exists far beyond their imagination. War is no longer an option and China stands the most to loose if the world defaults or inflation wipes out all their investments in sovereign treasuries. China needs to think through the destabilizing effects of loaning money to anyone… even their own children. Giving money this way especially to a dangerously ignorant leftist 0bama government could allow Obama to destabilize the world. Today, members of Obama's race still get no-money down government guaranteed mortgages even though the majority still default and such racist Obama policies are identical to the ones Rangle and Dodd had when they destroyed the world banking system in 2007-2008. We don't even know for sure that Obama is an American. He cannot produce a copy of an original birth certificate and is afraid to have his college records released because he was a foreign student.
The world does not yet have to have an "0bama Depression." 0bama is starting to introduce some McCain campaign ideas that will help but not go far enough. We just have to reverse 0bamacare and other policies so that businesses are not afraid to hire and get locked into some new communist entitlement to the lazy laid-back leftists. We must repeal Obamacare ASAP. US manufacturing continues to increase adding to a rebound in China manufacturing. China is now growing at a more sustainable rate. In addition, stronger-than-expected economic growth in Australia helped fuel optimism about the global economy. The world markets continue to follow the US markets. All we need to do is get our free enterprise system freed up from 0bama's hammer and sickle programs.
Economic Calendar
We are seeing manipulated leftist 0bama government statistics again with wide data scatter and swings in corrections as big as the reported changes themselves. Unemployment figures are now fudged lower because elections are coming up. Then the 0bama communists will let them rise quickly after the socialists are thrown out so the leftists can say that American Free Enterprise just failed after over 200 years of success and we are in a pickle and need to reconsider the hammer and the sickle.
Leftists are historically corrupt and manufacture useless statistics primarily for propaganda. They don't understand economics or understand that when they fudge the number higher one month it tends to make the next month lower because it is hard to lie continuously about something like total unemployment or retail sales.
Crude Inventories 09/04 dropped 2.8M barrels which means oil prices and the economy may be picking up again. That is good news. Gasoline supplies rose putting downward pressure on gasoline prices.
Fed's Beige Book Sep was somewhat optimistic but more important, 0bama is finally going to try to help business hire some Americans. He is going to use Mc Cain's idea to let business write off new investments and he will continue Bush's tax cut for families with less than $250K income. On the down side he should have let business write off spending on marketing and other services too as McCain suggested to employ a lot more people in services. Also clueless 0bama does not understand that most small employers are subchapter "S" and therefore their corporate income is taxed on their personal income tax form. That means that unlike Bush, stupid 0bama will be taxing the small businesses at a higher rate because they are a business being taxed like an individual and that is way too high. Instead he should make individual taxes lower based on how many employees the individual has; i.e. a 250k limit for one employee, 300K limit for two etc. Accepting Tea Party type business advice is good news coming from a socialist moslem like 0bama who will not go near the 600 foot deep 9-11 hole in NYC.
Mayor Bloomberg is a left leaning Republican disgrace for not having new towers built on the 9-11 site that would dwarf any nearby mosques. Leftists in NYC have delayed the rebuilding for eight years. The disgrace is not the building of a mosque near the 9-11 site but of Bloomberg leaving a 600 feet deep hole as the NYC answer to terrorism instead of a triumphant expression.
Consumer Credit in July declined 3.4B after declining about 1.3B last month. It shows that the American savings rate is still high and consumers are cutting up the charge cards of abusive banks that charge more than 20% interest.
Initial Claims 09/04 declined to 451K from 478k still increasing unemployment at a rate of over 20 million people per year.
Continuing Claims 08/28 at 4478K down slightly from 4480K last time
Trade Balance July was -42.8 improved from the -49.8 last month
Today
Sep 10 10:00 AM Wholesale Inventories Jul
Market Outlook Sept 10, 2010
An upside breakout would require a surge of the NYSE above 71270. We are now at 70344.
Yesterday was again low volume but again at least an advance. The hedge funds are starting to realize they killed investor enthusiasm with their greedy high speed trading that manipulated stock prices. They lied and told investors those stop-loss orders would protect them. But the flash crash of May 6 completely wiped out many small investors especially any with stop loss orders within margin accounts. The hedge fund manipulators are under investigation now. The funds now almost completely control the market because individual investors have been frightened to the sidelines. Volatility will be large. Market manipulation with these low volumes is easy. Options traders are siphoning off more money than ever and seem to have the leverage to manipulate stocks over the short term, which is all that is, needed to drive investors out of the stock market completely.
It is time to get ready to take profits. The socialist community organizers are planning an exceptionally dirty campaign this fall. All those who believe in America's free enterprise system which survived since 1776 will be given the Sarah Palin treatment by the 0bama communists who say, "The economy is in a pickle, time to reconsider the hammer and the sickle."
Even when they are thrown out of office the lame duck leftists will still be able to pass an extreme leftist agenda and leave a legal morass for the new inexperienced Congress to unravel. The market will be very volatile until the end of January and investors should have good opportunities to get out and back in over the next four months.
We would have been out of the recession before now if corporations were hiring and they would be hiring if tax and spend socialism had not been introduced by Community-organizer-in-chief, 0bama. The 0bama deficit is already almost three times what eight years of fending off Moslem terrorists has cost us in Iraq and Afghanistan. And if 0bama lets Iran build the A-bomb and nuke America that probably will cause World War III and end the 0bama depression just like WWII ended Franklin D. Roosevelt's depression.
0bama's leftist government needs to be thrown out in November for the rally to be big. If the socialists maintain even a slight majority it will be impossible to reverse the arrogant unconstitutional redistribution of wealth and 0bamacare because the socialists will claim they have a mandate to continue to destroy American free enterprise and liberty. The dirty propaganda the Nazi used to take control could pale in comparison to what the socialist-democrats have in store this October. FDR created the Great Depression out of the Wall Street panic of 1929. President Reagan had a Wall Street panic in October of 1987 and it was Greenspan's first test. Unfortunately 0bama and Bernanke can't measure up to Reagan and Greenspan.
World Markets
Asian markets were up following the USA again last night. Shanghai up 0.3%, Hong Kong up 0.4%, India closed, and Japan up 1.6%.
European markets are flat following American futures again this morning in a range of about 0% to 0.3% about half way through their day.
US pre-market futures are up slightly in the range 0.2% to 0.3% this morning at 8:30 AM.
The only thing we have to fear is fear itself, which now consists of 0bama, Gore, Bogoyevitch, Barney, Rangel, Waters and the other corrupt leftist democrat-socialists who are destroying America.
Do you remember when Obama socialists said tax cuts only help the rich? Well as a result we are losing jobs right now at a net $20million jobs per year and now he agrees tax cut are a good idea and he is going to have tax cuts which he claims don't help the rich but help small businesses.
Do you remember though that he said anyone making more than $250,000 per year will not get a tax break? Well Obama is too stupid to think before he speaks and is about to discover that the small businessmen are the ones making $250,000 to $500,000 a year because they are most of the Subchapter-S tax filers who are so small they file their business income on their personal tax form so their personal income is a lot higher but they avoid the double taxation Obama would force them to pay if they were taxed first with a corporation tax and again with their personal income tax. You see Obama is too ignorant to know how his tax policy either double taxes small businessmen or forces them to report all corporate income on their personal tax forms. Therefore the 0bama limit of $250,000 inhibits all the small businessmen who would be hiring now because they could end up with a cash flow problem and bankruptcy.
Do you remember when Obama socialists said that Bush's strong Mexican border control was a waste of time because American demand for drugs was what was making the drug lords rich and we should drop our border defense. Well now Obama and Hillary misjudgments have made the drug lords so powerful that yesterday they said that we have created a left wing Bolivian type insurgency in Mexico. Remember how they said by giving the $trillions to their political constituency of a leftist coalition of socialist-state/federal racist employees-pervert-union-lazy-welfare-drug addict-indigent-illegals would get the cash into the economy the fastest? Well Obama obviously passed all the American taxpayers money to the drug cartels which are flourishing under Obama border policies.
Letting productive people keep some of their money to invest and create new jobs was something 0bama and Pelosi ridiculed when they took office. Those socialist idiots thought the fastest way to get the economy going was to give money to people on welfare, drug-addicts and people of the same race as 0bama. But the recipients of welfare don't have to take drug tests to get welfare. Working people in private industry do have to be drug-free. What happened is that the Mexican drug lords have gotten the full benefit of 0bama flushing over $1trillion down that toilet bowl. 0bama's political constituency of 1960's hippies and leftist cocaine addicted radicals are the biggest boon to the drug cartels. The Obama leftists are changing state laws and you can fry your brain on marijuana in any town in California today. Stoned California, Pelosi-land now has the country's third highest unemployment rate.
World Markets:
The WSJ this morning said Japan just woke up to what we have been saying for a year. When China buys Japan's currency, China destroys Japan's competitiveness by making Japanese products more expensive. Furthermore it also is like giving Japan crack-cocaine. The crack-cash infusions from china allow Japan to spend recklessly to weaken their currency. The 0bama administration is already addicted to China's crack-cash infusions and it is destroying American competitiveness by keeping American product prices high and unemployment high. The 0bama administration economic advisors are too stupid to know this and they are acting like their addicted/stupid constituents who don't have two nickels to rub together because they chose to live beyond their means and usually chose recreational drugs as well. Any political organization that promotes legalization of drugs is brain-dead and obviously ignorant of the fact that drugs were legal throughout the world for centuries and in America until 1914. They turn strong healthy brilliant people into sniveling cockroaches just like Buckley was when he became an advocate for cocaine legalization.
Americans and Chinese have an amicable relationship on a people to people level. We have never attacked each other… in fact America helped China defeat the Japanese and China helped many American soldiers who had to parachute into china during WWII to avoid capture by the Japanese. Many American and Chinese schools now have student exchange programs. Unfortunately drugs and China's crack-cash infusions are now becoming the world's greatest economic threats. If China uses them and then wages war, China and much of the world will cease to exist. The Chinese people seem wise enough to realize that secret intelligent technology already exists far beyond their imagination. War is no longer an option and China stands the most to loose if the world defaults or inflation wipes out all their investments in sovereign treasuries. China needs to think through the destabilizing effects of loaning money to anyone… even their own children. Giving money this way especially to a dangerously ignorant leftist 0bama government could allow Obama to destabilize the world. Today, members of Obama's race still get no-money down government guaranteed mortgages even though the majority still default and such racist Obama policies are identical to the ones Rangle and Dodd had when they destroyed the world banking system in 2007-2008. We don't even know for sure that Obama is an American. He cannot produce a copy of an original birth certificate and is afraid to have his college records released because he was a foreign student.
The world does not yet have to have an "0bama Depression." 0bama is starting to introduce some McCain campaign ideas that will help but not go far enough. We just have to reverse 0bamacare and other policies so that businesses are not afraid to hire and get locked into some new communist entitlement to the lazy laid-back leftists. We must repeal Obamacare ASAP. US manufacturing continues to increase adding to a rebound in China manufacturing. China is now growing at a more sustainable rate. In addition, stronger-than-expected economic growth in Australia helped fuel optimism about the global economy. The world markets continue to follow the US markets. All we need to do is get our free enterprise system freed up from 0bama's hammer and sickle programs.
Economic Calendar
We are seeing manipulated leftist 0bama government statistics again with wide data scatter and swings in corrections as big as the reported changes themselves. Unemployment figures are now fudged lower because elections are coming up. Then the 0bama communists will let them rise quickly after the socialists are thrown out so the leftists can say that American Free Enterprise just failed after over 200 years of success and we are in a pickle and need to reconsider the hammer and the sickle.
Leftists are historically corrupt and manufacture useless statistics primarily for propaganda. They don't understand economics or understand that when they fudge the number higher one month it tends to make the next month lower because it is hard to lie continuously about something like total unemployment or retail sales.
Crude Inventories 09/04 dropped 2.8M barrels which means oil prices and the economy may be picking up again. That is good news. Gasoline supplies rose putting downward pressure on gasoline prices.
Fed's Beige Book Sep was somewhat optimistic but more important, 0bama is finally going to try to help business hire some Americans. He is going to use Mc Cain's idea to let business write off new investments and he will continue Bush's tax cut for families with less than $250K income. On the down side he should have let business write off spending on marketing and other services too as McCain suggested to employ a lot more people in services. Also clueless 0bama does not understand that most small employers are subchapter "S" and therefore their corporate income is taxed on their personal income tax form. That means that unlike Bush, stupid 0bama will be taxing the small businesses at a higher rate because they are a business being taxed like an individual and that is way too high. Instead he should make individual taxes lower based on how many employees the individual has; i.e. a 250k limit for one employee, 300K limit for two etc. Accepting Tea Party type business advice is good news coming from a socialist moslem like 0bama who will not go near the 600 foot deep 9-11 hole in NYC.
Mayor Bloomberg is a left leaning Republican disgrace for not having new towers built on the 9-11 site that would dwarf any nearby mosques. Leftists in NYC have delayed the rebuilding for eight years. The disgrace is not the building of a mosque near the 9-11 site but of Bloomberg leaving a 600 feet deep hole as the NYC answer to terrorism instead of a triumphant expression.
Consumer Credit in July declined 3.4B after declining about 1.3B last month. It shows that the American savings rate is still high and consumers are cutting up the charge cards of abusive banks that charge more than 20% interest.
Initial Claims 09/04 declined to 451K from 478k still increasing unemployment at a rate of over 20 million people per year.
Continuing Claims 08/28 at 4478K down slightly from 4480K last time
Trade Balance July was -42.8 improved from the -49.8 last month
Today
Sep 10 10:00 AM Wholesale Inventories Jul
Market Outlook Sept 10, 2010
An upside breakout would require a surge of the NYSE above 71270. We are now at 70344.
Yesterday was again low volume but again at least an advance. The hedge funds are starting to realize they killed investor enthusiasm with their greedy high speed trading that manipulated stock prices. They lied and told investors those stop-loss orders would protect them. But the flash crash of May 6 completely wiped out many small investors especially any with stop loss orders within margin accounts. The hedge fund manipulators are under investigation now. The funds now almost completely control the market because individual investors have been frightened to the sidelines. Volatility will be large. Market manipulation with these low volumes is easy. Options traders are siphoning off more money than ever and seem to have the leverage to manipulate stocks over the short term, which is all that is, needed to drive investors out of the stock market completely.
It is time to get ready to take profits. The socialist community organizers are planning an exceptionally dirty campaign this fall. All those who believe in America's free enterprise system which survived since 1776 will be given the Sarah Palin treatment by the 0bama communists who say, "The economy is in a pickle, time to reconsider the hammer and the sickle."
Even when they are thrown out of office the lame duck leftists will still be able to pass an extreme leftist agenda and leave a legal morass for the new inexperienced Congress to unravel. The market will be very volatile until the end of January and investors should have good opportunities to get out and back in over the next four months.
We would have been out of the recession before now if corporations were hiring and they would be hiring if tax and spend socialism had not been introduced by Community-organizer-in-chief, 0bama. The 0bama deficit is already almost three times what eight years of fending off Moslem terrorists has cost us in Iraq and Afghanistan. And if 0bama lets Iran build the A-bomb and nuke America that probably will cause World War III and end the 0bama depression just like WWII ended Franklin D. Roosevelt's depression.
0bama's leftist government needs to be thrown out in November for the rally to be big. If the socialists maintain even a slight majority it will be impossible to reverse the arrogant unconstitutional redistribution of wealth and 0bamacare because the socialists will claim they have a mandate to continue to destroy American free enterprise and liberty. The dirty propaganda the Nazi used to take control could pale in comparison to what the socialist-democrats have in store this October. FDR created the Great Depression out of the Wall Street panic of 1929. President Reagan had a Wall Street panic in October of 1987 and it was Greenspan's first test. Unfortunately 0bama and Bernanke can't measure up to Reagan and Greenspan.
World Markets
Asian markets were up following the USA again last night. Shanghai up 0.3%, Hong Kong up 0.4%, India closed, and Japan up 1.6%.
European markets are flat following American futures again this morning in a range of about 0% to 0.3% about half way through their day.
US pre-market futures are up slightly in the range 0.2% to 0.3% this morning at 8:30 AM.
The only thing we have to fear is fear itself, which now consists of 0bama, Gore, Bogoyevitch, Barney, Rangel, Waters and the other corrupt leftist democrat-socialists who are destroying America.
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