Sunday, July 12, 2015

July 17 2016 Obama and his “Stupid Party” continue to violate the public trust and use millions of dollars of taxpayer money to illegally infiltrate, monitor, and harass political opponents. Obama and Rahm Emanuel started first harassing several vocal media opponents which included Rush Limbaugh who had to commit himself to pain drug detoxification at a rehab facility before he shook them off. They went after the hunters with Fast and Furious which was first blamed on American gun owners and cost the lives of 30,000 innocent Mexicans in an armed drug war. They had the IRS attack tens of thousands of Americans in religious groups and American historical societies who the Stupid Party despises because they love God and Country. They used the NSA and tapped the lines of FOX newsmen because FOX is a bigger an enemy to the stupid party than ISIS which Obama says is not an Islamic terror group. They used the NSA supercomputer to analyze the recorded conversations of the illegally tapped lines of Governor Christy’s entire administration to (in just two weeks) pair up two random conversations of the Governor’s staff to smear their names and cause them to lose their jobs and to simultaneously smear Governor Christy’s name. Governor Scott Walker was continually illegally harassed by stupid party Democrats and today the Supreme Court ordered the stupid Democrats of the Stupid Party to no cease and desist further harassment of Governor Scott Walker of Wisconsin. Americans are fed up with creeps in the stupid party illegally using our National Security agencies while keeping confidential information on their personal computers to thwart National Security analysis. The WSJ had a less partisan article than the NYSE.

            With Hilary Clinton and all the gun control people in the Obama administration, how does any Moslem non-hunter get rifle much less automatic weapons?  Only the Moslem community has any supporters of ISIS.  How does any Moslem get approval to buy automatic weapons or explosives?  Only Hilary’s/Obama’s stupid party favors automatic weapons rights for Moslems but not hunters and veterans.
            Just to refresh memories, the cash flow (cf) into the broadest market (the NYSE) peaked in early July 2014.  The DJI cf peaked Dec 5, 2014.   The Std and Poors cf peaked March 24, 2015.   The NASDQ and Russell 2000 cfs peaked June 23, 2015. 
            A Planned Parenthood female doctor was caught on camera discussing how she saved aborted fetus body parts to illegally sell them for profit for Planned Parenthood.  She said she caused breech births to enlarge the birth canal to save the brain for sale.  She discussed how she crushed most organs during the abortion to make sure the baby would be dead.
            July 16 2015    Yellen has now run out of time for significantly raising rates and having a possible future reduction benefit.  The economy will be in decline soon and she won’t be able to raise rates once that happens.  Therefore the FED will be left with no strings to pull and will only be pushing on the string doing quantitative easing.   QE is equivalent to floating more debt to prepare for an eventual a run on the banks.   All the markets will likely be hitting resistance price levels in the coming month and on a cash flow level only the NASDAQ has an appearance of a perhaps a 10% chance of hitting its old high before then.  The rest appear to be over the hill.  It now appears highly probable that many investors will be in panic mode by this time next month.  Short sellers are smarter now and will likely cover their shorts near the bottom but this time they will have the strength to stop the next rally.  That will be the writing on the wall to many investors.  But the perennial bulls will not give up easily.   We now expect a “Sell! Sell! Sell!” capitulation this year… sometime after September.
            The problem with more debt is you encourage more risk taking such as with ridiculous IPO’s like Alibaba.   China has that money and is sitting on it.  We estimate that half the money that went into Alibaba will end up in the coffers of the Chinese Communist Party.  Does China cook the books?  Yes, we pointed that out for a few years and now it is obvious they manipulate not just their economic reports but also try to manipulate individual stocks and their stock market.  The Alibaba IPO was like stealing from clueless American children.
            Gold is still high historically.
            The MBA Mortgage Index 07/11 plunged -1.9% a swing of -6.5% in one month.
            The US international trade balance plunged again as the EURO got weak and the US$ got stronger.  A stronger dollar makes the price of oil drop for American drillers so they will want to pump even more.  It is expected the price of a barrel of oil will drop below $40 in this next downturn.
            For the segment of crooks that fraudulently filed returns and stole USA tax funds, 2015 was the best year in all history.  For the honest taxpayers who required help from the IRS, the filing season was by far the worst in all history.  We need to sweep the stupid party out of all of government and monitor and fire the Obama government employee deadbeats in 2016.  We have an economy that is transitioning from recession to a depression.   If that happens before the 2016 election the “stupid Party” will blame George Bush again.  We need to boot Obama’s stupid party out and get a competent President and a new FED chairperson and turn our economy around.
            July 14 2015    Yesterday’s rally has been weak in volume and off of a low market valuation for starters.  If it were a real rally it would have 50% to 200% higher volume.  China is on the verge of a recession.  The stupid people commenting on the market don’t believe China could have a recession because they think that trends perpetuate themselves indefinitely.  When economic bubbles implode they sink whole sectors of the economy and the malaise lasts 6 months to in Obama’s Stupid Party case, 8 years.
      Sales at U.S. retailers dropped in May were revised downward by 0.2% and fell -0.3% in June.  That is consistent with our assessment that Obama has put the economy on a path toward a deeper recession which could ultimately result in a Great Depression.
      America needs to throw out the “Stupid Party” and all their incompetent officials who are creating sanctuary cities for illegal immigrants.   Before America gained independence from England the State of Georgia was an American colony that took non violent criminals.   Australia was another British colony that took non violent criminals who stole primarily because they were hungry and poor.  Violent criminals did not go to prison or get deported.  They were tried and hung.   Our current stupid and incompetent American administration has sanctuary cities and ICE protects the dangerous illegal immigrants who are set free, deported, and then return and prey on more Americans.   
Bill Reilly proposed a new law, Kate's Law, to throw deported illegal immigrants in jail for five extra years each time they return after they are deported for crimes in America.
       The Stupid Party wants all the illegal immigrants to vote in the next American Presidential election so they are proposing that proof of citizenship not be required at polling places.  That is just how stupid they are and think other Americans are.  It would be a dictatorship of the proletariat.
 
            July 13 2015  Finally there is a successful person who understands what the problem is with America.  We have “stupid people running our government” so Donald Trump has deduced.  We have a president that went to Harvard to meet a quota and he has sealed his records so no one knows he was registered as a foreign student and he has sealed his grades for obvious reasons.   And we have several incompetent CEO’s who put their sex lives above their corporation’s success or even the first Constitutional Amendment, Freedom of Religion.  And the American response is overwhelming so far.   Many Democrats are starting to recognize the “Stupid Party” for what it is and they like Donald Trump for pointing out the stupidity of the leftists.   Trump set up a talk in Phoenix and more than 15000 people signed up so he had to change the venue to larger stadium.
          The six major indices we follow have not had a sustained rally for some time and all will have 65DM averages declining soon showing their price action has now topped.  The broadest indicator, the NYSE Market Cash Flow topped out in July of 2014 and gave the first sell signal October of 2014.   In the past the cash flow falloff has preceded the selling panic by up to a year giving plenty of time to adjust investments.
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