Obama lacks common sense, continued:
Obama thinks Al Gore is not only the creator of the Internet but also an American prodigy and spokesman for Climate Change.
Al Gore said this last Thursday on the Tonight Show, "People think about geothermal energy - when they think about it at all - in terms of the hot water bubbling up in some places, but two kilometers or so down in most places there are these incredibly hot rocks, 'cause the interior of the earth is extremely hot, several million degrees, and the crust of the earth is hot "
Al Gore is considered to be extremely stupid by knowledgeable people. The surface of the sun has been measured and found to only be about 6000 degrees centigrade! Al Gore confuses earth with the center of the Sun! What an idiot Al Gore is and Al Gore and Obama are believers that man must sacrifice to control natural climate just as the Inca Indians believed they had to sacrifice virgins so that the sun would rise each day and crops would grow. It is human hubris to claim man can control the climate when man can't predict much less control even the weather.
We have Obama administration lunatics and idiots destroying everything our founding fathers created. Obama doesn't like our Constitution and said it was written by old white men and needs corrections. We had an avowed communist who came up with the "junk Car" stimulus package that stimulated Japan more than America. We discover that the terrorist Ft. Hood murderer who just killed 13 people was an Obama advisor on "Homeland Security". See page 29:
http://www.gwumc.edu/hspi/old/PTTF_ProceedingsReport_05.19.09.pdf
We now have the very same ethical moron who let the Puerto Rican terrorists go free after killing a Connecticut security guard now overseeing the sham trial of the 911 terrorists in NYC. Yesterday Obama was put on the spot because the 911 terrorists were not read their Miranda rights and that alone is grounds in civil court for dismissal. To that revelation, Obama said he was confident the 911 defendants would be found guilty and executed. His internationally proclaimed prejudicial statement alone could set the 911 terrorists free in a civil court. Judicial experts say it was unwise to move the 911 terrorists from military court to civil court and that it undermines the war on terrorism and trivializes and makes a sham of justice in America. Obama already has said the waterboarding that was done was torture so by definition the 911 defendants were tortured according to Obama. And in civil court none of the confessions may therefore be considered. To top it off the 911 terrorists don't even have to testify in civil court even though they previously freely admitted their terrorist activities to the world.
Market Outlook:
A 1.6% surge in utilities, boosted by apparent global cooling drove up production last month. Also, companies in the U.S. are slowing the liquidation of inventories and their buying now is helping manufacturers. Every time Al Gore makes a speech the temperature drops. Most scientists agree that there is global warming but it just is natural not human in origin. Now surveys show that 43% of Americans even doubt there is any global warming natural or otherwise thanks to Al Gore's negative credibility.
It sounds as though China may allow their currency to appreciate and help equalize the trade deficit with America and that would be a threat to China's exports and recovery and would begin the inflation of the prices of USA imports from China. But still the link protects the dollar from a major attack.
This week recap:
This is an important week. We expected an improvement in housing markets.
NY Fed Manufacturing Survey indicates that conditions for New York manufacturers improved in November, but at a somewhat slower pace than in October.
Bernanke spoke in NYC and would like to avoid the 1994-type bond market carnage of higher interest rates. It was interpreted positive.
September Business Inventories Fell 0.4%, another positive factor for increasing production.
Home Depot sales were better than predicted
The USA markets continued to rally.
In September, the goods deficit increased $5.6 billion from August to $47.6 billion, and the services surplus was virtually unchanged at $11.1 billion. Exports of goods increased $3.5 billion to $90.3 billion, and imports of goods increased $9.1 billion to $138.0 billion. Exports of services increased $0.2 billion to $41.6 billion, and imports of services increased $0.2 billion to $30.5 billion. This shows world trade is improving.
Industrial production increased 0.1 percent in October after having averaged monthly gains of about 0.9 percent over the previous three months.
Housing has bottomed and the economy should grow at a reasonable pace next year, the president of the Federal Reserve Bank of Richmond told state legislators Tuesday. In housing, Jeffrey M. Lacker said several indicators of sales and construction activity hit low points earlier this year and have already risen modestly.
"Housing is no longer a major drag on GDP growth," he said, referring to gross domestic product, which is the sum total of goods and service produced in the country.
"In fact, it should make positive contributions, in welcome contrast to the past three years."
Consumer Price Index showed that inflation has not yet started.
Housing Starts were down allowing the inventory of unsold homes to decrease so that prices of homes can stabilize and mortgage defaults can decline.
Today, Nov 19:
Unemployment Claims- If they do not jump today they will most certainly jump next week because there was a two week delay in passing the extension of the coverage.
Leading Indicators should be positive
Market forces November 19
The market is now on its last legs. We estimate the NYSE must still rise another 1.8% from yesterday's close to be interpreted as a continuing rally not a declining shoulder.
Asian markets were mixed again last night; China up 0.5%, Hong Kong down -0.9%, India down -1.3%, Japan down -1.3%, Seoul up 1.0%and Taiwan down -0.1%.
European markets are down with the average in a range from -0.6% to -0.9% this morning about half way through their day.
US pre-market futures are down at about -0.7% today at 8:30 AM EST.
It is important to be able to get out of stocks quickly and possibly completely if the NYSE does not set a new high at least 1.8% above yesterday's closing price and on above average volume within a week. Typically an intermediate rally would last a few days longer and have another chance for a spike upwards but the unemployment numbers today could be worse because the extension of benefits lapsed a few weeks and then was restarted. That could cause a small spike down and then a large spike back up the following week.
Thursday, November 19, 2009
Wednesday, November 18, 2009
China's Huan tied to the US Dollar is saving the US Dollar.
George Soros and other international socialists fail whenever they attack the dollar because now it is just like trying to attack the Chinese Huan and that destroys the $US speculators. The Huan is as strong as gold and attacking the dollar lowers the Huan and effectively is like trying to force down the price of gold. If China drops supporting the dollar, gold prices and other currencies could soar. That would destroy China's exports especially to the US, China's largest customer. That is why China has not abandoned the dollar yet.
Obama lacks common sense:
Now we have some insight into why Obama said not to jump to conclusions about Nidal Hasan. This murdering Muslim Terrorist who killed and wounded the soldiers and civilians at Ft Hood, Texas was actually an advisor to Obama's Homeland Security team. Look on page 29 of the Homeland Security Institute link below. Go to document's page number 29, scroll down toward the bottom on the Left Column.
http://www.gwumc.edu/hspi/old/PTTF_ProceedingsReport_05.19.09.pdf
It is amazing that in addition to his lunatic left and former communist policy advisors Obama put a budding terrorist in as one of his homeland security advisors. Obama shows no common sense at all. That is not something one would expect from an American who loves his country unless he completely lacks any sense or good judgement.
Market Outlook:
A 1.6% surge in utilities, boosted by apparent global cooling drove production last month. Also, companies in the U.S. are slowing the liquidation of inventories and their buying now is helping manufacturers. Every time Al Gore makes a speech the temperature drops. Most scientists agree that there is global warming but it just is natural not human in origin. Now surveys show that 43% of Americans even doubt there is any global warming natural or otherwise thanks to Al Gore's negative credibility.
It sounds as though China may allow their currency to appreciate and help equalize the trade deficit with America and that would be a threat to China's exports and recovery and would begin the inflation of the prices of USA imports from China. But still the relaxed link would still protect the dollar from a major attack.
This week
This is an important week. We expect an improvement in housing markets.
NY Fed Manufacturing Survey indicates that conditions for New York manufacturers improved in November, but at a somewhat slower pace than in October.
Bernanke spoke in NYC and would like to avoid the 1994-type bond market carnage of higher interest rates. It was interpreted positive.
September Business Inventories Fell 0.4%, another positive factor for increasing production.
Home Depot sales were better than predicted
The USA markets continued to rally.
In September, the goods deficit increased $5.6 billion from August to $47.6 billion, and the services surplus was virtually unchanged at $11.1 billion. Exports of goods increased $3.5 billion to $90.3 billion, and imports of goods increased $9.1 billion to $138.0 billion. Exports of services increased $0.2 billion to $41.6 billion, and imports of services increased $0.2 billion to $30.5 billion. This shows world trade is improving.
Industrial production increased 0.1 percent in October after having averaged monthly gains of about 0.9 percent over the previous three months.
Housing has bottomed and the economy should grow at a reasonable pace next year, the president of the Federal Reserve Bank of Richmond told state legislators Tuesday. In housing, Jeffrey M. Lacker said several indicators of sales and construction activity hit low points earlier this year and have already risen modestly.
"Housing is no longer a major drag on GDP growth," he said, referring to gross domestic product, which is the sum total of goods and service produced in the country.
"In fact, it should make positive contributions, in welcome contrast to the past three years."
Today, Nov 18:
Consumer Price Index
Housing Starts
Thursday, Nov 19:
Unemployment Claims
Leading Indicators
Market forces November 18
The broader market declined yesterday but on very low volume so that is good news. We must use the broader market of the NYSE for the analysis of the same risk for American Markets. We estimate it must still rise another 1.7% from yesterday's close to be interpreted as a continuing rally not a declining shoulder. If a bear market head-and-shoulder does not occur then we may see a small correction and another new high by the end of the year. Otherwise we want to be in cash. We used yesterday to take profits and go further into cash already because either way there will likely be a correction in the next few weeks. As the market tests highs there is a rapid rotation is stocks that can create upward spikes that are opportunities to sell. We remember that even in a flat market there are monthly cycles that can provide significant price declines and then potential gains in volatile stocks.
Asian markets were mixed again last night; China up 0.6%, Hong Kong down -0.3%, India down -0.3%, Japan down -0.6%, Seoul up 1.1%and Taiwan up 0.4%.
European markets are up with the average in a range from 0.4% to 1.1% this morning about half way through their day.
US pre-market futures are flat at about -0.1% today at 8:00 AM EST. The broader NYSE was slightly lower yesterday but on very low volume. That was good. It is important to be able to get out of stocks quickly and possibly completely if the NYSE does not set a new high at least 1.7% above yesterday's closing price and on above average volume.
Obama lacks common sense:
Now we have some insight into why Obama said not to jump to conclusions about Nidal Hasan. This murdering Muslim Terrorist who killed and wounded the soldiers and civilians at Ft Hood, Texas was actually an advisor to Obama's Homeland Security team. Look on page 29 of the Homeland Security Institute link below. Go to document's page number 29, scroll down toward the bottom on the Left Column.
http://www.gwumc.edu/hspi/old/PTTF_ProceedingsReport_05.19.09.pdf
It is amazing that in addition to his lunatic left and former communist policy advisors Obama put a budding terrorist in as one of his homeland security advisors. Obama shows no common sense at all. That is not something one would expect from an American who loves his country unless he completely lacks any sense or good judgement.
Market Outlook:
A 1.6% surge in utilities, boosted by apparent global cooling drove production last month. Also, companies in the U.S. are slowing the liquidation of inventories and their buying now is helping manufacturers. Every time Al Gore makes a speech the temperature drops. Most scientists agree that there is global warming but it just is natural not human in origin. Now surveys show that 43% of Americans even doubt there is any global warming natural or otherwise thanks to Al Gore's negative credibility.
It sounds as though China may allow their currency to appreciate and help equalize the trade deficit with America and that would be a threat to China's exports and recovery and would begin the inflation of the prices of USA imports from China. But still the relaxed link would still protect the dollar from a major attack.
This week
This is an important week. We expect an improvement in housing markets.
NY Fed Manufacturing Survey indicates that conditions for New York manufacturers improved in November, but at a somewhat slower pace than in October.
Bernanke spoke in NYC and would like to avoid the 1994-type bond market carnage of higher interest rates. It was interpreted positive.
September Business Inventories Fell 0.4%, another positive factor for increasing production.
Home Depot sales were better than predicted
The USA markets continued to rally.
In September, the goods deficit increased $5.6 billion from August to $47.6 billion, and the services surplus was virtually unchanged at $11.1 billion. Exports of goods increased $3.5 billion to $90.3 billion, and imports of goods increased $9.1 billion to $138.0 billion. Exports of services increased $0.2 billion to $41.6 billion, and imports of services increased $0.2 billion to $30.5 billion. This shows world trade is improving.
Industrial production increased 0.1 percent in October after having averaged monthly gains of about 0.9 percent over the previous three months.
Housing has bottomed and the economy should grow at a reasonable pace next year, the president of the Federal Reserve Bank of Richmond told state legislators Tuesday. In housing, Jeffrey M. Lacker said several indicators of sales and construction activity hit low points earlier this year and have already risen modestly.
"Housing is no longer a major drag on GDP growth," he said, referring to gross domestic product, which is the sum total of goods and service produced in the country.
"In fact, it should make positive contributions, in welcome contrast to the past three years."
Today, Nov 18:
Consumer Price Index
Housing Starts
Thursday, Nov 19:
Unemployment Claims
Leading Indicators
Market forces November 18
The broader market declined yesterday but on very low volume so that is good news. We must use the broader market of the NYSE for the analysis of the same risk for American Markets. We estimate it must still rise another 1.7% from yesterday's close to be interpreted as a continuing rally not a declining shoulder. If a bear market head-and-shoulder does not occur then we may see a small correction and another new high by the end of the year. Otherwise we want to be in cash. We used yesterday to take profits and go further into cash already because either way there will likely be a correction in the next few weeks. As the market tests highs there is a rapid rotation is stocks that can create upward spikes that are opportunities to sell. We remember that even in a flat market there are monthly cycles that can provide significant price declines and then potential gains in volatile stocks.
Asian markets were mixed again last night; China up 0.6%, Hong Kong down -0.3%, India down -0.3%, Japan down -0.6%, Seoul up 1.1%and Taiwan up 0.4%.
European markets are up with the average in a range from 0.4% to 1.1% this morning about half way through their day.
US pre-market futures are flat at about -0.1% today at 8:00 AM EST. The broader NYSE was slightly lower yesterday but on very low volume. That was good. It is important to be able to get out of stocks quickly and possibly completely if the NYSE does not set a new high at least 1.7% above yesterday's closing price and on above average volume.
Tuesday, November 17, 2009
Brazils 3Q GDP surprises with 9 percent growth and beats USA 3% growth.
Market Outlook
Brazil, China, and India now lead the world in growth but also in the greatest disparity between the rich and poor. Disparity there as well as in the USA is not due to unequal opportunity but because many people chose to keep their old ways and not even learn to speak correctly.
It sounds as though China may allow their currency to appreciate and help equalize the trade deficit with America and that would be a threat to China's exports and recovery and would begin the inflation of the prices of USA imports from China.
This week
This is an important week. We expected retail sales rebounded in October, production to climb and more work on more houses.
Oct Retail Sales were a 1.4%.
NY Fed Manufacturing Survey indicates that conditions for New York manufacturers improved in November, but at a somewhat slower pace than in October.
Bernanke spoke in NYC and would like to avoid the 1994-type bond market carnage of higher interest rates. It was interpreted positive.
September Business Inventories Fell 0.4%, another positive factor for increasing production
Home Depot sales were better than predicted
The USA markets continued to rally.
Tuesday, Nov 17:
Industrial Production & capacity
Producer Price Index
Sept Trade balance
Richmond Fed
Wednesday, Nov 18:
Consumer Price Index
Housing Starts
Thursday, Nov 19:
Unemployment Claims
Leading Indicators
Market forces November 17
While the USA stock markets have advanced China's stock market has been sputtering and has not exceeded July-August levels. We must use the broader market of the NYSE for the analysis of the same risk for American Markets. While the NYSE has hit a new high it has suffered until yesterday with low upside volume. We estimate it must still rise another 1.6% from yesterday's high to be interpreted as a continuing rally not a declining shoulder. If that occurs then we may see a small correction and another new high by the end of the year. Otherwise we would be in cash. We used yesterday to take profits and go 30% into cash already because either way there will likely be a correction in the next few weeks.
Asian markets were mixed last night; China up 0.2%, Hong Kong down -0.1%, India up 0.1%, Japan down 0.6%, Seoul down -0.4%and Taiwan down -0.8%.
European markets are down with the average in a range from -0.3% to -0.5% this morning about half way through their day.
US pre-market futures are down 0.4% today at 8:00 AM EST. The broader NYSE set a new high but until yesterday had little supporting trade volume. It is important to be able to get out of stocks quickly and possibly completely if the NYSE does not set a new high at least 1.6% above yesterday's high and on above average volume.
Brazil, China, and India now lead the world in growth but also in the greatest disparity between the rich and poor. Disparity there as well as in the USA is not due to unequal opportunity but because many people chose to keep their old ways and not even learn to speak correctly.
It sounds as though China may allow their currency to appreciate and help equalize the trade deficit with America and that would be a threat to China's exports and recovery and would begin the inflation of the prices of USA imports from China.
This week
This is an important week. We expected retail sales rebounded in October, production to climb and more work on more houses.
Oct Retail Sales were a 1.4%.
NY Fed Manufacturing Survey indicates that conditions for New York manufacturers improved in November, but at a somewhat slower pace than in October.
Bernanke spoke in NYC and would like to avoid the 1994-type bond market carnage of higher interest rates. It was interpreted positive.
September Business Inventories Fell 0.4%, another positive factor for increasing production
Home Depot sales were better than predicted
The USA markets continued to rally.
Tuesday, Nov 17:
Industrial Production & capacity
Producer Price Index
Sept Trade balance
Richmond Fed
Wednesday, Nov 18:
Consumer Price Index
Housing Starts
Thursday, Nov 19:
Unemployment Claims
Leading Indicators
Market forces November 17
While the USA stock markets have advanced China's stock market has been sputtering and has not exceeded July-August levels. We must use the broader market of the NYSE for the analysis of the same risk for American Markets. While the NYSE has hit a new high it has suffered until yesterday with low upside volume. We estimate it must still rise another 1.6% from yesterday's high to be interpreted as a continuing rally not a declining shoulder. If that occurs then we may see a small correction and another new high by the end of the year. Otherwise we would be in cash. We used yesterday to take profits and go 30% into cash already because either way there will likely be a correction in the next few weeks.
Asian markets were mixed last night; China up 0.2%, Hong Kong down -0.1%, India up 0.1%, Japan down 0.6%, Seoul down -0.4%and Taiwan down -0.8%.
European markets are down with the average in a range from -0.3% to -0.5% this morning about half way through their day.
US pre-market futures are down 0.4% today at 8:00 AM EST. The broader NYSE set a new high but until yesterday had little supporting trade volume. It is important to be able to get out of stocks quickly and possibly completely if the NYSE does not set a new high at least 1.6% above yesterday's high and on above average volume.
Monday, November 16, 2009
Japans 3Q GDP surprises with 4.8 percent growth and beats USA 3% growth.
Market Outlook
But Liu Mingkang, chairman of the China Banking Regulatory Commission, said, “The continuous depreciation in the dollar, and the U.S. government’s indication that, in order to resume growth and maintain public confidence, it basically won’t raise interest rates for the coming 12 to 18 months, has led to massive dollar arbitrage speculation,”
Liu told reporters in Beijing that low rates and the dollar’s recent tumble have “seriously affected global asset prices, fuelled speculation in stock and property markets, and created new, real and insurmountable risks to the recovery of the global economy, especially emerging-market economies.” Liu spoke two days after Donald Tsang, the chief executive of Hong Kong, said the FED's policy of keeping rates near zero risks sparking the next financial crisis. This new criticism of the Fed and asset prices comes years after some analysts criticized the U.S. central bank for holding down borrowing costs for too long in 2003 and 2004 causing the bubble that collapsed and gave us the current crisis.
It all sounds as though China may allow their currency to appreciate and help equalize the trade deficit with America which would be a threat to China's exports and recovery and would begin inflation of export prices in the USA. Gold continues to rise in price. In Europe fuel and food price declines continue to cause deflation and a strengthening of the EURO.
This week
This is an important week. We expect retail sales rebounded in October, production climbed and work began on more houses.
Monday, Nov 16:
Oct Retail Sales
NY Fed Mfg
Bernanke speaks in NYC
Sept inventories
Tuesday, Nov 17:
Industrial Production & capacity
Producer Price Index
Sept Trade balance
Richmond Fed
Wednesday, Nov 18:
Consumer Price Index
Housing Starts
Thursday, Nov 19:
Unemployment Claims
Leading Indicators
Market forces November 16
Many indications are that the economic situation in China is sputtering and China is not the world economic engine that American was before Obama. The anticipated spike upward began last week and is yet to determine if we have a continuing rally or a head and shoulders sell indication. We must use the broader market of the NYSE for this analysis not the Dow or S&P which easier for funds to manipulate. We will use the rally to get back into cash.
Asian markets were up last night; China up 2.7%, Hong Kong up 1.7%, India up 1.1%, Japan up 0.2%, Seoul up 1.3%and Taiwan up 1.7%.
European markets are up with the average in a range from 0.9% to 1.5% this morning about half way through their day.
US pre-market futures are up 0.8% today at 7:00 AM EST. The broader NYSE has not set a new high yet for this rally. The rally resumed last week. If the NYSE does not set a new high this week the mutual funds may start selling. If the new high is not almost 3.4% above the
This Obama malaise market is treacherous for stocks that had advanced sharply with previous optimism. Now individual stocks often drop very sharply. It is important to be able to get out of stocks quickly and possibly completely if the NYSE does not set a new high at lease 1.9% above the last high. That requires a 3.4% advance from where we closed Friday to avoid a head and shoulder bear market formation not the smaller 1.4% rally that would have been necessary if volume had held up.
While the DOW is at a 13-month high the broader American NYSE, has not yet reached new highs. Our indicators say we are likely near the top of the USA market for 2009 and perhaps the next six months. That is to say our cash flow index indicates that cash has been leaving the market for over two months. The markets in China have stalled and have been moving sideways since August. A sideways volatile USA market also occurred under the Jimmy Carter Malaise during the 1970s. The radical left also thought Jimmy was very smart and that Ronald Reagan was dumb. The opposite proved to be true. Reagan said, "Freedom is never more than one generation away from extinction. We didn't pass it to our children in the bloodstream. It must be fought for, protected, and handed on for them to do the same."
It only takes one Obama to lose freedom and institute another socialist tyranny of government enforced mediocrity.
But Liu Mingkang, chairman of the China Banking Regulatory Commission, said, “The continuous depreciation in the dollar, and the U.S. government’s indication that, in order to resume growth and maintain public confidence, it basically won’t raise interest rates for the coming 12 to 18 months, has led to massive dollar arbitrage speculation,”
Liu told reporters in Beijing that low rates and the dollar’s recent tumble have “seriously affected global asset prices, fuelled speculation in stock and property markets, and created new, real and insurmountable risks to the recovery of the global economy, especially emerging-market economies.” Liu spoke two days after Donald Tsang, the chief executive of Hong Kong, said the FED's policy of keeping rates near zero risks sparking the next financial crisis. This new criticism of the Fed and asset prices comes years after some analysts criticized the U.S. central bank for holding down borrowing costs for too long in 2003 and 2004 causing the bubble that collapsed and gave us the current crisis.
It all sounds as though China may allow their currency to appreciate and help equalize the trade deficit with America which would be a threat to China's exports and recovery and would begin inflation of export prices in the USA. Gold continues to rise in price. In Europe fuel and food price declines continue to cause deflation and a strengthening of the EURO.
This week
This is an important week. We expect retail sales rebounded in October, production climbed and work began on more houses.
Monday, Nov 16:
Oct Retail Sales
NY Fed Mfg
Bernanke speaks in NYC
Sept inventories
Tuesday, Nov 17:
Industrial Production & capacity
Producer Price Index
Sept Trade balance
Richmond Fed
Wednesday, Nov 18:
Consumer Price Index
Housing Starts
Thursday, Nov 19:
Unemployment Claims
Leading Indicators
Market forces November 16
Many indications are that the economic situation in China is sputtering and China is not the world economic engine that American was before Obama. The anticipated spike upward began last week and is yet to determine if we have a continuing rally or a head and shoulders sell indication. We must use the broader market of the NYSE for this analysis not the Dow or S&P which easier for funds to manipulate. We will use the rally to get back into cash.
Asian markets were up last night; China up 2.7%, Hong Kong up 1.7%, India up 1.1%, Japan up 0.2%, Seoul up 1.3%and Taiwan up 1.7%.
European markets are up with the average in a range from 0.9% to 1.5% this morning about half way through their day.
US pre-market futures are up 0.8% today at 7:00 AM EST. The broader NYSE has not set a new high yet for this rally. The rally resumed last week. If the NYSE does not set a new high this week the mutual funds may start selling. If the new high is not almost 3.4% above the
This Obama malaise market is treacherous for stocks that had advanced sharply with previous optimism. Now individual stocks often drop very sharply. It is important to be able to get out of stocks quickly and possibly completely if the NYSE does not set a new high at lease 1.9% above the last high. That requires a 3.4% advance from where we closed Friday to avoid a head and shoulder bear market formation not the smaller 1.4% rally that would have been necessary if volume had held up.
While the DOW is at a 13-month high the broader American NYSE, has not yet reached new highs. Our indicators say we are likely near the top of the USA market for 2009 and perhaps the next six months. That is to say our cash flow index indicates that cash has been leaving the market for over two months. The markets in China have stalled and have been moving sideways since August. A sideways volatile USA market also occurred under the Jimmy Carter Malaise during the 1970s. The radical left also thought Jimmy was very smart and that Ronald Reagan was dumb. The opposite proved to be true. Reagan said, "Freedom is never more than one generation away from extinction. We didn't pass it to our children in the bloodstream. It must be fought for, protected, and handed on for them to do the same."
It only takes one Obama to lose freedom and institute another socialist tyranny of government enforced mediocrity.
Friday, November 13, 2009
Under Obama some lunatics think it is ok to kill their American daughters who refuse to wear a berka and to indiscriminately shoot Americans.
Obama should get the UN to condemn the one group in the world that thinks they have a god given right to kill Christians, Jews, Hindus, Buddhists, atheists, and gays, and to murder their daughters who refuse to wear a berka.
Today Brazil, South Korea and Russia seem to be losing the battle among developing nations to reduce gains in their currencies and keep exports competitive as the demand for their financial assets, driven by the slumping dollar, is proving more than their central banks can handle. The demand for gold now will rise independent of silver and other precious metals as nations build gold reserves. We are beginning to see inflation in building materials even though the sector has hardly revived. That is because that inflation has been hidden by the worldwide building recession simply because if you do not buy you don't know how much prices rose. But inflation of building prices will help real estate get its head above water again quickly next year.
The Obama that is beginning to settle on the USA just as a Jimmy Carter malaise did during his single term. Jimmy Carter was such a disappointment always fighting the last war. He was obsessed with human rights and the belief that we would run out of oil within twenty years. He left office with the world accusing the USA of human rights violations and with shortages of everything from energy to toilet paper. The discomfort index (inflation plus unemployment was over 20% when Jimmy was voted out of office and the American Nuclear program was destroyed by Jimmies lunatic left lead by Hanoi Jane Fonda who was seen by many as a traitor from the Kennedy and Johnson's Viet Nam War. Jimmy was also responsible for the Iran hostage situation that was a disaster because it could have been prevented and he had weakened the military so much that the rescue effort failed. The lunatic fringe thought Jimmy was the brightest president we ever had. Jimmy was professionally a nuclear engineer not an uneducated community activist like Obama who did not know what a PE ratio is and thought Wall Street was just an economic indicator like the price of wheat.
Market Outlook
This week
The Group of 20 nations agreed to maintain stimulus efforts and metals prices rallied.
Banks indicated that they continued to tighten standards and terms over the past three months on all major types of loans to businesses and households.
The tighter bank lending standards reinforce the FED's decision to keep rates low. There were many planned Federal Reserve officials' speeches Monday that have been interpreted positively.
The National Federation of Independent Business said its monthly small business optimism index grew for the third straight month, rising 0.3 points to 89.1 in October.
The Federal Reserve faces the biggest blows to its authority and independence in five decades under legislation championed by Senator Dodd
Unemployment Claims for last week were down because people fell off the unemployment roles because congress failed to extend their benefits before they expired. The bulls and bears were deceived and all the more reason these last few weeks are a good time to take profits and put something aside for the next more volatile decline. The sideways market movement during the president Jimmy years had much larger swings.
FED revealed a $175 billion monthly budget deficit and a $1.4 trillion federal deficit approach The 12.1 Trillion-dollar debt ceiling. Obama has tripled the USA deficit in just nine months with much wasted on bonuses and political and other corruption the depths yet to be plumed.
Today, Friday Nov. 13:
U.S. Trade Gap, import prices expected to rise.
Consumer Sentiment expected to improve
Market forces November 13
Many indications are that the economic situation in China is sputtering and China is not the world economic engine that American was before Obama. Obama is failing miserably as president throwing money at his solidly indigent and lunatic left voting block, raising taxes on those who still have a work ethic, abandoning allies to eastern socialist theocratic tyrants and anti-Christian jihad. After a small pull back there is a chance of one more spike upward to determine if we have a head and shoulders sell indication. We must use the broader market of the NYSE for this analysis not the Dow or S&P which are manipulated by funds.
Asian markets were improved last night; China up 0.5%, Hong Kong up 0.7%, India up 0.9%, Japan down -0.4%, Seoul down -0.1%and Taiwan down -0.1%.
European markets are flat with the average in a range from 0.1% to -0.4% this morning about half way through their day.
US pre-market futures are up 0.1% today at 8:00 AM EST. The broader NYSE has not set a new high yet for this rally. The rally faltered but could resume for a few days. If it does not the mutual funds may start selling.
This Obama malaise market is treacherous for stocks that had advanced sharply with previous optimism. Now stocks often drop very sharply. It is important to be able to get out of stocks quickly and possibly completely if the NYSE does not set a new high at lease 1.8% above the last high. Yesterday the market decline was on extremely low volume and that is why this improved form 2%. That requires a 5.3% advance from where we closed yesterday
While the DOW is at a 13-month high the broader American NYSE, has not yet reached new highs. Our indicators say we are likely near the top of the USA market for 2009 and perhaps the next six months. That is to say our cash flow index indicates that cash has been leaving the market for almost two months. The NYSE now has to surpass the previous high by about 2% (at this time and still increasing) to maintain a bull market. For that reason we go into cash by just taking profits and not re-investing in the market until we know if this rally still has legs. The markets in China have stalled and have been moving sideways since August. A sideways volatile USA market also occurred under similar conditions during the 1970s. Either the sidelines or active trading appear to be the equities market options at this time.
Today Brazil, South Korea and Russia seem to be losing the battle among developing nations to reduce gains in their currencies and keep exports competitive as the demand for their financial assets, driven by the slumping dollar, is proving more than their central banks can handle. The demand for gold now will rise independent of silver and other precious metals as nations build gold reserves. We are beginning to see inflation in building materials even though the sector has hardly revived. That is because that inflation has been hidden by the worldwide building recession simply because if you do not buy you don't know how much prices rose. But inflation of building prices will help real estate get its head above water again quickly next year.
The Obama that is beginning to settle on the USA just as a Jimmy Carter malaise did during his single term. Jimmy Carter was such a disappointment always fighting the last war. He was obsessed with human rights and the belief that we would run out of oil within twenty years. He left office with the world accusing the USA of human rights violations and with shortages of everything from energy to toilet paper. The discomfort index (inflation plus unemployment was over 20% when Jimmy was voted out of office and the American Nuclear program was destroyed by Jimmies lunatic left lead by Hanoi Jane Fonda who was seen by many as a traitor from the Kennedy and Johnson's Viet Nam War. Jimmy was also responsible for the Iran hostage situation that was a disaster because it could have been prevented and he had weakened the military so much that the rescue effort failed. The lunatic fringe thought Jimmy was the brightest president we ever had. Jimmy was professionally a nuclear engineer not an uneducated community activist like Obama who did not know what a PE ratio is and thought Wall Street was just an economic indicator like the price of wheat.
Market Outlook
This week
The Group of 20 nations agreed to maintain stimulus efforts and metals prices rallied.
Banks indicated that they continued to tighten standards and terms over the past three months on all major types of loans to businesses and households.
The tighter bank lending standards reinforce the FED's decision to keep rates low. There were many planned Federal Reserve officials' speeches Monday that have been interpreted positively.
The National Federation of Independent Business said its monthly small business optimism index grew for the third straight month, rising 0.3 points to 89.1 in October.
The Federal Reserve faces the biggest blows to its authority and independence in five decades under legislation championed by Senator Dodd
Unemployment Claims for last week were down because people fell off the unemployment roles because congress failed to extend their benefits before they expired. The bulls and bears were deceived and all the more reason these last few weeks are a good time to take profits and put something aside for the next more volatile decline. The sideways market movement during the president Jimmy years had much larger swings.
FED revealed a $175 billion monthly budget deficit and a $1.4 trillion federal deficit approach The 12.1 Trillion-dollar debt ceiling. Obama has tripled the USA deficit in just nine months with much wasted on bonuses and political and other corruption the depths yet to be plumed.
Today, Friday Nov. 13:
U.S. Trade Gap, import prices expected to rise.
Consumer Sentiment expected to improve
Market forces November 13
Many indications are that the economic situation in China is sputtering and China is not the world economic engine that American was before Obama. Obama is failing miserably as president throwing money at his solidly indigent and lunatic left voting block, raising taxes on those who still have a work ethic, abandoning allies to eastern socialist theocratic tyrants and anti-Christian jihad. After a small pull back there is a chance of one more spike upward to determine if we have a head and shoulders sell indication. We must use the broader market of the NYSE for this analysis not the Dow or S&P which are manipulated by funds.
Asian markets were improved last night; China up 0.5%, Hong Kong up 0.7%, India up 0.9%, Japan down -0.4%, Seoul down -0.1%and Taiwan down -0.1%.
European markets are flat with the average in a range from 0.1% to -0.4% this morning about half way through their day.
US pre-market futures are up 0.1% today at 8:00 AM EST. The broader NYSE has not set a new high yet for this rally. The rally faltered but could resume for a few days. If it does not the mutual funds may start selling.
This Obama malaise market is treacherous for stocks that had advanced sharply with previous optimism. Now stocks often drop very sharply. It is important to be able to get out of stocks quickly and possibly completely if the NYSE does not set a new high at lease 1.8% above the last high. Yesterday the market decline was on extremely low volume and that is why this improved form 2%. That requires a 5.3% advance from where we closed yesterday
While the DOW is at a 13-month high the broader American NYSE, has not yet reached new highs. Our indicators say we are likely near the top of the USA market for 2009 and perhaps the next six months. That is to say our cash flow index indicates that cash has been leaving the market for almost two months. The NYSE now has to surpass the previous high by about 2% (at this time and still increasing) to maintain a bull market. For that reason we go into cash by just taking profits and not re-investing in the market until we know if this rally still has legs. The markets in China have stalled and have been moving sideways since August. A sideways volatile USA market also occurred under similar conditions during the 1970s. Either the sidelines or active trading appear to be the equities market options at this time.
Thursday, November 12, 2009
Obama can't seem to make up his mind whether to fight Jihad in Moslem territory or on our own soil.
An Obama malaise is beginning to settle on the USA just as a Jimmy Carter malaise did during his single term. Jimmy Carter destroyed the American nuclear energy program and brought on the Iranian radical Islamic takeover and the Iranian hostage crisis. The lunatic left thought that Jimmy was the smartest president ever. But the lunatic left now thinks Obama is smarter. Obama's policies are making the situation far worse now and they seem geared towards the destruction of America both economically and militarily. The leftists say we must pretend the Ft Hood killings and the killings of Hindus, Buddhists, atheists, Christians and Jews around the world have nothing to do with the Moslem's institutionalized religions belief in hatred for and Jihad's against all infidels (i.e. all non Moslems).
Market Outlook
This week
The Group of 20 nations agreed to maintain stimulus efforts and metals prices rallied.
Banks indicated that they continued to tighten standards and terms over the past three months on all major types of loans to businesses and households.
The tighter bank lending standards reinforce the FED's decision to keep rates low. There were many planned Federal Reserve officials' speeches Monday that have been interpreted positively.
The National Federation of Independent Business said its monthly small business optimism index grew for the third straight month, rising 0.3 points to 89.1 in October.
The Federal Reserve faces the biggest blows to its authority and independence in five decades under legislation championed by Senator Dodd
Today, Thursday, Nov 12:
Unemployment Claims for last week
FED reveals monthly budget deficit
Friday, Nov. 13:
U.S. Trade Gap, import prices expected to rise.
Consumer Sentiment expected to improve
Market forces November 12
Many indications are that the economic situation in China is sputtering and China is not the world economic engine that American was before Obama. Obama is failing miserably as president throwing money at his solidly indigent and lunatic left voting block, raising taxes on those who still have a work ethic, and abandoning allies to eastern socialist theocratic tyrants and anti-Christian jihadists.
Asian markets were faltering last night; China down -0.1%, Hong Kong down -1%, India down -0.9%, Japan down -0.7%, Seoul down -1.4%and Taiwan down -0.1%.
European markets are down with the average in a range from 0% to -0.2% this morning about half way through their day.
US pre-market futures are down 0.4% today at 8:00 AM EST. The broader NYSE has not set a new high yet for this rally. The rally could falter and resume in a few days. If it does not the mutual funds may start selling. The WSJ had an article today on mutual fund timing entry and exits during this recession.
This Obama malaise market is treacherous for stocks that had advanced sharply with previous optimism. Now stocks often drop very sharply. It is important to be able to get out of stocks quickly and possibly completely if the NYSE does not set a new high at lease 2% above the last high.
While the DOW is at a 13-month high the broader American NYSE, has not yet reached new highs. Our indicators say we are likely near the top of the USA market for 2009 and perhaps the next six months. That is to say our cash flow index indicates that cash has been leaving the market for almost two months. The NYSE now has to surpass the previous high by about 2% (at this time and still increasing) to maintain a bull market. For that reason we go into cash by just taking profits and not re-investing in the market until we know if this rally still has legs. The markets in China have stalled and have been moving sideways since August. A sideways volatile USA market also occurred under similar conditions during the 1970s. Either the sidelines or active trading appear to be the equities market options at this time.
Market Outlook
This week
The Group of 20 nations agreed to maintain stimulus efforts and metals prices rallied.
Banks indicated that they continued to tighten standards and terms over the past three months on all major types of loans to businesses and households.
The tighter bank lending standards reinforce the FED's decision to keep rates low. There were many planned Federal Reserve officials' speeches Monday that have been interpreted positively.
The National Federation of Independent Business said its monthly small business optimism index grew for the third straight month, rising 0.3 points to 89.1 in October.
The Federal Reserve faces the biggest blows to its authority and independence in five decades under legislation championed by Senator Dodd
Today, Thursday, Nov 12:
Unemployment Claims for last week
FED reveals monthly budget deficit
Friday, Nov. 13:
U.S. Trade Gap, import prices expected to rise.
Consumer Sentiment expected to improve
Market forces November 12
Many indications are that the economic situation in China is sputtering and China is not the world economic engine that American was before Obama. Obama is failing miserably as president throwing money at his solidly indigent and lunatic left voting block, raising taxes on those who still have a work ethic, and abandoning allies to eastern socialist theocratic tyrants and anti-Christian jihadists.
Asian markets were faltering last night; China down -0.1%, Hong Kong down -1%, India down -0.9%, Japan down -0.7%, Seoul down -1.4%and Taiwan down -0.1%.
European markets are down with the average in a range from 0% to -0.2% this morning about half way through their day.
US pre-market futures are down 0.4% today at 8:00 AM EST. The broader NYSE has not set a new high yet for this rally. The rally could falter and resume in a few days. If it does not the mutual funds may start selling. The WSJ had an article today on mutual fund timing entry and exits during this recession.
This Obama malaise market is treacherous for stocks that had advanced sharply with previous optimism. Now stocks often drop very sharply. It is important to be able to get out of stocks quickly and possibly completely if the NYSE does not set a new high at lease 2% above the last high.
While the DOW is at a 13-month high the broader American NYSE, has not yet reached new highs. Our indicators say we are likely near the top of the USA market for 2009 and perhaps the next six months. That is to say our cash flow index indicates that cash has been leaving the market for almost two months. The NYSE now has to surpass the previous high by about 2% (at this time and still increasing) to maintain a bull market. For that reason we go into cash by just taking profits and not re-investing in the market until we know if this rally still has legs. The markets in China have stalled and have been moving sideways since August. A sideways volatile USA market also occurred under similar conditions during the 1970s. Either the sidelines or active trading appear to be the equities market options at this time.
Wednesday, November 11, 2009
Administration and MSNBC/Pravda's loony leftists already excuse the hateful behavior of the murderer at Ft. Hood by fabricating a new stress reaction
Administration and MSNBC/Pravda's loony leftists have already excused Nidal Malik Hasan's murderous rampage at Ft. Hood by inventing a new stress reaction that one can develop from seeing other people's stress reactions. The lunatics say we must all continue to pretend these Ft Hood killings and the killings of Hindus, Buddhists, atheists, Christians and Jews around the world have nothing to do with the Moslem's institutionalized religions belief in hatred for and Jihad's against all infidels (i.e. all non Moslems).
The D.C. sniper mastermind John Allen Muhammad was executed last evening for the attacks that terrorized the Washington DC a few years ago.
Market Outlook
The Congress took two weeks beyond the expiration of the last unemployment extension to once again extend the unemployment compensation period. That means that many of the unemployed were no longer listed as unemployed when they exceeded the first extension. That could make the unemployment statistics optimistic and then pessimistic again as the unemployed are de-listed and then re-listed. Therefore if the figures become very good in the next week we would accelerate getting out of the market and into cash because they will only get much worse again.
This week
The Group of 20 nations agreed to maintain stimulus efforts and metals prices rallied.
FED released Nov 9 2009 quarterly loan officer survey results on Bank Lending Practices
The banks indicated that they continued to tighten standards and terms over the past three months on all major types of loans to businesses and households. Banks indicated that they expected to tighten many of the terms and conditions of credit card loans as a result of the recent legislation, with the notable exception of penalty fees and the length of the grace period for payments. The tighter bank lending standards reinforce the FED's decision to keep rates low. There were many planned Federal Reserve officials' speeches yesterday that have been interpreted positively as a green light to buying up dollar-denominated assets while selling the greenback.
Yesterday the National Federation of Independent Business said its monthly small business optimism index grew for the third straight month, rising 0.3 points to 89.1 in October.
The Federal Reserve faces the biggest blows to its authority and independence in five decades under legislation championed by its lead overseer in the U.S. Senate, Dodd of CT.
Today, Nov 11is Veterans Day and
Thursday, Nov 12:
Unemployment Claims for last week
FED reveals monthly budget deficit
Friday, Nov. 13:
U.S. Trade Gap, import prices expected to rise.
Consumer Sentiment expected to improve
Market forces November 11
The market rally is under way but if a new high is not established at least 2 % higher than the last one we expect a few months of declines will follow. The new high must be higher because transaction volume is lower on advances than on declines indicating a weakness in this rally. We are prepared to diversify out of stocks or into fixed rates as this market rallies. We surmise the time has come to lighten up on equities by taking profits and heading towards the sidelines. But we wait for investments to approach their resistance levels first.
Asian markets were higher last night; China down -0.1%, Hong Kong up 1.6%, India up 2.5%, Japan flat at 0%, Seoul up 0.8%and Taiwan up 1%.
Two manufacturing reports out of Japan and China gave European markets and U.S. futures markets a lift this morning even though markets in China and Japan showed little enthusiasm. European markets are up with the average in a range from 1.2% to 1.3% this morning about half way through their day.
US pre-market futures are up 0.6% today at 7:00 AM EST with the DOW above 10,200 again. However traders make the advance tenuous.
This new market is treacherous for weak stocks that had advanced sharply with previous optimism. Now those weak stocks often drop very sharply if they do not predict improve earnings. It is important to get out of weak stocks quickly and possibly all stocks within a week or two when this rally should be topping out.
While the DOW is at a 13-month high but the broader American NYSE, S&P, and the NASDAQ have not yet reached their highs and are going sideways. Our indicators say we are likely near the top of the USA market for 2009 and perhaps the next six months. That is to say that although the averages may not show it, our cash flow index indicates that cash has been leaving the market for almost two months and that puts a spin on things. For instance, even if we slightly exceed the markets previous high of the last month it will still be a head and shoulders sell formation for us. The market now has to surpass the previous high by about 2% (at this time and still increasing) to maintain a bull market. For that reason we will be prepared to go into cash gradually now by just taking profits and not re-investing in the market over the next three weeks and by then we will know if this rally still has legs. The markets in China have stalled and have been moving sideways since August. A sideways volatile USA market also occurred under similar conditions during the 1970s. Either the sidelines or active trading appear to be the equities market options at this time. Many have also begun trading highly risky options.
The D.C. sniper mastermind John Allen Muhammad was executed last evening for the attacks that terrorized the Washington DC a few years ago.
Market Outlook
The Congress took two weeks beyond the expiration of the last unemployment extension to once again extend the unemployment compensation period. That means that many of the unemployed were no longer listed as unemployed when they exceeded the first extension. That could make the unemployment statistics optimistic and then pessimistic again as the unemployed are de-listed and then re-listed. Therefore if the figures become very good in the next week we would accelerate getting out of the market and into cash because they will only get much worse again.
This week
The Group of 20 nations agreed to maintain stimulus efforts and metals prices rallied.
FED released Nov 9 2009 quarterly loan officer survey results on Bank Lending Practices
The banks indicated that they continued to tighten standards and terms over the past three months on all major types of loans to businesses and households. Banks indicated that they expected to tighten many of the terms and conditions of credit card loans as a result of the recent legislation, with the notable exception of penalty fees and the length of the grace period for payments. The tighter bank lending standards reinforce the FED's decision to keep rates low. There were many planned Federal Reserve officials' speeches yesterday that have been interpreted positively as a green light to buying up dollar-denominated assets while selling the greenback.
Yesterday the National Federation of Independent Business said its monthly small business optimism index grew for the third straight month, rising 0.3 points to 89.1 in October.
The Federal Reserve faces the biggest blows to its authority and independence in five decades under legislation championed by its lead overseer in the U.S. Senate, Dodd of CT.
Today, Nov 11is Veterans Day and
Thursday, Nov 12:
Unemployment Claims for last week
FED reveals monthly budget deficit
Friday, Nov. 13:
U.S. Trade Gap, import prices expected to rise.
Consumer Sentiment expected to improve
Market forces November 11
The market rally is under way but if a new high is not established at least 2 % higher than the last one we expect a few months of declines will follow. The new high must be higher because transaction volume is lower on advances than on declines indicating a weakness in this rally. We are prepared to diversify out of stocks or into fixed rates as this market rallies. We surmise the time has come to lighten up on equities by taking profits and heading towards the sidelines. But we wait for investments to approach their resistance levels first.
Asian markets were higher last night; China down -0.1%, Hong Kong up 1.6%, India up 2.5%, Japan flat at 0%, Seoul up 0.8%and Taiwan up 1%.
Two manufacturing reports out of Japan and China gave European markets and U.S. futures markets a lift this morning even though markets in China and Japan showed little enthusiasm. European markets are up with the average in a range from 1.2% to 1.3% this morning about half way through their day.
US pre-market futures are up 0.6% today at 7:00 AM EST with the DOW above 10,200 again. However traders make the advance tenuous.
This new market is treacherous for weak stocks that had advanced sharply with previous optimism. Now those weak stocks often drop very sharply if they do not predict improve earnings. It is important to get out of weak stocks quickly and possibly all stocks within a week or two when this rally should be topping out.
While the DOW is at a 13-month high but the broader American NYSE, S&P, and the NASDAQ have not yet reached their highs and are going sideways. Our indicators say we are likely near the top of the USA market for 2009 and perhaps the next six months. That is to say that although the averages may not show it, our cash flow index indicates that cash has been leaving the market for almost two months and that puts a spin on things. For instance, even if we slightly exceed the markets previous high of the last month it will still be a head and shoulders sell formation for us. The market now has to surpass the previous high by about 2% (at this time and still increasing) to maintain a bull market. For that reason we will be prepared to go into cash gradually now by just taking profits and not re-investing in the market over the next three weeks and by then we will know if this rally still has legs. The markets in China have stalled and have been moving sideways since August. A sideways volatile USA market also occurred under similar conditions during the 1970s. Either the sidelines or active trading appear to be the equities market options at this time. Many have also begun trading highly risky options.
Subscribe to:
Posts (Atom)