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.