Factory orders have decline to the worst recession lows yet
Obama data manipulators say things are humming again.
Terrible earnings reports are coming out even with all the
balance sheet contortions. Jim Crammer advises to just keep earnings up while
revenue declines. One of the largest
wastes of money was the Alibaba IPO.
Wait until the cheap counterfeit junk hits the world markets and the law
suits pile up and the regulators pile in.
Will they let you buy a genuine imitation Rolex watch for $30 as a
special mark down? How about selling the complete new version of
Microsoft Office for a nifty $39.99.
These are the hot items China
and Singapore
May 7, 2015 Master of
stock market snake oil, Jim Cramer, yesterday criticized Janet Yellen for
warning of another stock market bubble ready to collapse. Yellen has not raised long term interest
rates, but that is beginning to happen now on its own… naturally (see long term
treasury rates rising over 3%). That is because when the FED does nothing the
economic forces take over and we lose control of our economy. That is what is now starting. Greenspan agrees with Yellen but as we
predict, the mental midget Jim Cramer will not recognize this bubble collapse
until the fall or at best this summer. On
March 6, 2015, Greenspan recently said
without a doubt stocks are overvalued.
That is far more ominous than the irrational exuberance reference he
once made to the Dot Com bubble. We fine tune our prediction now to say that
before July 2015 the 65 Day moving averages of the major stock market indices
will begin to roll over and show price topping has begun.
Consumer Credit tapped out at $20.5B in March.
Businesses added only 169,000 jobs in April. Economists had hoped
for more than 200,000 new jobs to show the recession was slowing. ADP also revised down its March report to
175,000 jobs from the previously announced 189,000 which showed the economy
declining. The GDP had already been
revised down from 1.5% to just 0.2%.
However, it is expected they will drop it further so the next quarter
will look like it is improving. That is
how Obama economists work. The have
claimed each quarter for the last five years that things were improving and
then revised the earlier figures down so they had room to exaggerate the
current economy. They claim Americans
are too stupid to know the difference and those who vote for the Stupid Party
support their claim. While most
Americans who vote for the “Stupid Obama Party” are stupid and were lied too,
the Democrats knew Americans were too smart to support their health care bill
so they deceived Americans and promised things they knew were outright lies
such as guaranteeing you could keep your own doctor. And Pelosi was the worst. She knew Gruber was telling lies and denied
it and she was caught.
Today some fool gave the best reason ever for selling Tesla
and several other high multiple stocks.
He said they were growth stocks because if they don’t grow the Earth
will be destroyed by global warming. It
is the reason why AOL and other stocks were part of the biggest stock market
bubble ending in February of 2000. Only
the reasoning of a fool can explain our current bubble prices. And Jim Cramer is one who is on TV working
because he continues to lose his shirt taking his own advice.
All the GDP
and other Stupid Party fabricated data that is put out there have no relation
to the real world. The data is intended
to deflect criticism and deceive people who are stupid enough to believe them. Americans know the Obama game has been to cut
work week hours 25% from 40 to fewer than 30.
When that is achieved, if 5% are still unemployed it is really 5% plus
25% or effectively 30% unemployment compared to when 40 hours was the normal
work week. If Obama cuts the work week
another 5% he could be out telling stupid Americans that there was close to zero
unemployment and the Stupid Party voters would be glad to support him and
Hilary. Obama is using lower working
hours to redistribute wealth.
May 6 This week,
Q1 2015 GDP came in almost negative, at 0.2%.
Meanwhile, in the same quarter, both the Dow and Nasdaq reached new
record highs. It must be noted that the
coincidence of essentially no economic growth and record stock performance is
at once bizarre, unstable, and likely short lived. What’s wrong with this economic
picture? See the report.
Lots of money flowed into bearish China ETF’s yesterday
indicating China
The top 25 hedge fund managers took $US11.62 billion off the
top in compensation out of the pockets of small investors, more than their small
investors made collectively the past six months.
Wells Fargo Bank employees have been charged with illegally
opening unauthorized accounts for customers to meet unrealistic sales quotas.
Wells Fargo is accused of opening up accounts and credit cards in customers'
names without their authorization and then billing them.
May 5, 2015 Three of
the five indices we follow have now had four or more failed attempts to break out
over the last two to eight months. The
Russell 2000 may have given up now. Only
the NASDAQ continued to rise until it recently hit its 2000 bubble record. For most indices they are near their highs of
2000 and 2007. To believe it can go
higher with the economic mismanagement of this administration would call for a
lot of faith in technology and game theory.
We now have high speed trading that allows high speed traders to sell
and buy microseconds ahead and after us of us and capture profits on every
price change. But they only redistribute
our wealth to themselves, they do not create wealth.
The US Trade Balance Mar of -$51.4B was about 50% worse than
February as the dollar strengthened.
Factory orders continue to plummet while the Jim Crammer con
job continues to spin.
Labor costs continue to rise while output declines.
But Jim Cramer is that goat that leads the investors up the
plank to the slaughter room. And he personally attacks and recommends the
selling of the stock of any CEO’s who tells the truth. Today he praised a CEO who raised the
estimate of the value of his corporation’s “CONTENT” by 40% and boosted its
profit projection banking the estimate at this current “Bubble Top.” The Crammer report is as conjured and corrupt
as it was in 2000 when under Clinton
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