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.