We are now seeing the beginning of the end to Red China's growth. They are now headed to the junk pile where intellectual property theft ends.
Friday, Alan Greenspan said this recession will not end until home prices rise 10%. He said conventional conforming home loans since 2005 are now all under water. He said the world economic system is now very bleak and impossible to forecast. He said the price of gold is an indication of concern about the economy and is not rising due to inflation but form fear. He said FED activism is now declining. He said the2500 page Dodd-Frank bill is internally contradictory bill of regulations that will hamper expansion of the economy and has had to be suspended recently for Ford Motors to get any financing. It is just the tip of the ice-burg and needs to be reversed. It is worse than Obamacare. He said the recent equities rise is due to balance sheet changes from easy QE2 money and those effects are now running out. QE2 temporarily enhanced capital gains and margins for stocks.
How to balance the USA budget:
1. Throw out every single Democrat-socialist politician: Federal, State, and Locally.
2. NASA should be cut sharply so they learn to get out of socialist politics and go back to real science. NASA is now the socialist junk science poster child of our be-happy schools were 40% of the Obama be-happy kids drop out and a work ethic and personal character are considered passe dinosaurs.
3. State, city, teachers, and security/safety workers should not be allowed to have unions just as they did not have unions until the beatnik drug era of the late 1960's. The USA had an excellent school system before 1970 and had no immigration problem from be-happy banana republics until the 1960-70 drug culture took over US education.
4. Lay off 20% of state and federal workers this year and another 20% next year.
5. Break up Goldman Sucks and AIG and return the cash to the American treasury.
6. Withdraw Obama care legislation and stop FED quantitative expansion (printing money to buy our own debt).
7. Send all the ignorant/criminal be-happy illegal immigrants' back to their socialist banana republic drug cartels where they come from. They don't want to work, they want to sell Mexican drugs and take over Texas. Thousands come to Texas every year just to have their children born in America so they can claim the child as an American citizen and appeal to the lunatic democrat-socialists for their own citizenship plus grants so they can pretend to study but actually drop out and get into the US welfare system. They come to America to go on welfare and sell drugs not to help America. The derelicts that have already destroyed Mexico and Haiti that way want a crack at America now.
8. Make it illegal for corporate officers and employee unions to influence their corporation salary decisions other that through proven economic performance for the taxpayers and other investors. No more free stock for them.
9. Since the Federal Energy department and the Education department were created the Federal Commissars have destroyed Energy and Education. Eliminate these two federal bureaucracies.
10. Fire all the Obama Czars and FED commissars and government employees involved in housing, Freddie, and Fannie.
11. Cut all unfunded Social Security Payments. That means remove from Social Security all people who did not pay in for at least five years. That would be about half the current outflow because socialists give Social Security to anyone who votes for socialists. That includes even some illegal immigrants and felons who prey on Americans. Take away the voting rights of all people ever convicted of a felony like it was in America before the rise of the leftist 1960's drug culture.
World Markets this week:
The FBI broke told executives at DuPont Co. late last year that Red Chinese hackers had cracked the company’s computer networks for the second time in 12 months. About a year earlier, DuPont had been hit by the same China- based hackers who struck Google Inc. (GOOG) and unlike Google, DuPont kept the intrusion secret.
Red China throws honest Americans in prison for making economic reports on China's fraud and illegally steals competitive information from American businesses. This resembles the behavior of Japan in the 1980's when Japan spied on IBM thinking that their intellectual thievery would make them the leaders in computer technology. If China keeps harassing honest Americans and protecting their communist criminals who break into corporations and banks to steal, then China's expansion is now very near its end. Remember when Japan's stock market was over 30,000 they were stealing too. Now the Nikkei is still only at 66% down from its highs. Honesty and trust are the basis of America's technological revolution because the creative entrepreneurs do no work with thieves.
The Chinese government needs to stop stealing intellectual property and begin a step by step plan to set up a system of free elections for a Constitutional government which protects the individual's right to the fruits of the individual's labor.
Energy is now the highest tax on the World economy as it has been for years in socialist countries who use energy policy as political power just as Obama does by punishing Americans in the southern energy rich states for voting against his policies of socialism, racism (against people with a work ethic), and stupidity. Obama is punishing Americans in the southern states for their rejection of his socialism and his welfare policies.
US Economy
Jack Welch said the Wisconsin Democrats who fled their state are clueless and irresponsible (those were his words).
Mar 7 3:00 PM Consumer Credit Jan declined sharply from 6.1B to 5B this month even after 2B was moved forward from last month in an Obama "adjustment."
Today
Mar 9 7:00 AM MBA Mortgage Index
Mar 9 10:00 AM Wholesale Inventories Jan
Mar 9 10:30 AM Crude Inventories 03/05
This week
Mar 10 8:30 AM Initial Claims 03/05
Mar 10 8:30 AM Continuing Claims 02/26
Mar 10 8:30 AM Trade Balance Jan
Mar 10 2:00 PM Treasury Budget Feb
Mar 11 8:30 AM Retail Sales Feb
Mar 11 8:30 AM Retail Sales ex-auto Feb
Mar 11 9:55 AM Mich. Sentiment Mar -
Mar 11 10:00 AM Business Inventories Jan
Market Outlook March 9, 2011
Monday MSNBC/Pravda's Jim Cramer warned that a significant decline is now likely. He said late buying in the day is now a mistake and we will likely see less of it. Tuesday he said stocks would rise if NATO bombs Libya soon. NATO meets tomorrow to decide what to do. The liberals in Britain and MSNBC say bomb them. Socialists are idiots of course.
The real economic problem is profligate socialist spending here and abroad. In America the current budget crisis will only grow until the city and state fiscal budget cuts are approved by this summer. We think the next stock market support level will be down to Nov 4 levels.
http://finance.yahoo.com/echarts?s=%5ENYA+Interactive#chart2:symbo yel=^nya;range=1y;indicator=ema(50,20)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
We are prepared to buy individual stocks on significant declines. Some stocks are already buying opportunities and worth taking.
World Markets
Asian markets were up slightly last night. China up 0.1%, Hong Kong up 0.4%, India up 0.2 %, and Japan up 0.6%,
European markets are mixed this morning in a range of about -0.3% to +0.5% half way through their day.
US pre-market futures are up 0.3% at 7:00 AM EST.
Wednesday, March 9, 2011
Tuesday, March 8, 2011
Obama and Bernanke lied to the American people when they said running up a USA deficit would prevent the Japanese problem of two decades of economic s
Obama and Bernanke lied to the American people when they said running up a USA deficit would prevent the Japanese problem of two decades of economic stagnation.
ETFs (specially 2X and 3X types), both long and short appear to be rigged or manipulated at this time. It is hard to hazard who is doing it, but they bear no resemblance to their underlying stocks. Ultimately one would expect that every time the long side returned to an original level the short side would also. But what it looks like is that funds are siphoned off when an ETF is low and it never gets to its old high when it later recovers. They warn not to hold them for any length of time but is it legal to drain off the cash that way? When the next market panic occurs people may never recover their investment by holding them. What they do is a reverse split to raise the price but you have half the stock. Then some people are fooled and don't realize they are continuously siphoning off value. Then suddenly people get out to stop the hemorrhaging and sell then at a loss to avoid a total loss. Mad Money must have been burned too because they commented on this problem three years ago when Jim Cramer's Natural Gas ETF recommendation gradually flowed down the sewer. He then warned to stay away from ETFs but did not explain why.
Friday, Alan Greenspan said this recession will not end until home prices rise 10%. He said conventional conforming home loans since 2005 are now all under water. He said the world economic system is now very bleak and impossible to forecast. We will not know if QE2 worked until after recovery and we see if it creates any inflation. He said the price of gold is an indication of concern about the economy and is not rising due to inflation but form fear. He said FED activism is now declining. He said the2500 page Dodd-Frank bill is internally contradictory bill of regulations that will hamper expansion of the economy and has had to be suspended recently for Ford Motors to get any financing. It is just the tip of the ice-burg and needs to be reversed. It is worse than Obamacare. He said the recent equities rise is due to balance sheet changes from easy QE2 money and those effects are now running out and real growth is needed. QE2 enhanced capital gains and margins in the short term for stocks. New real growth is now needed from the liquid cash being converted into illiquid assets but that is not possible to forecast. Instead the cash is being used to buy out competitors in a shrinking economy.
How to balance the USA budget:
1. Throw out every single Democrat-socialist politician: Federal, State, and Locally.
2. NASA should be cut sharply so they learn to get out of socialist politics and go back to real science. NASA is now the socialist junk science poster child of our be-happy schools were 40% of the Obama be-happy kids drop out and a work ethic and personal character are considered passe dinosaurs like Jefferson, Madison and Lincoln. Today Lincoln gets one paragraph in American history and Clinton gets two pages just for his gay rights.
3. State, city, teachers, and security/safety workers should not be allowed to have unions just as they did not have unions until the beatnik drug era of the late 1960's. The USA had an excellent school system before 1970 and had no immigration problem from be-happy banana republics until the 1960-70 drug culture took over US education.
4. Lay off 20% of state and federal workers this year and another 20% next year.
5. Break up Goldman Sucks and AIG and return the cash to the American treasury that bailed them out.
6. Withdraw Obama care legislation and stop FED quantitative expansion (printing money to buy our own debt).
7. Send all the ignorant/criminal be-happy illegal immigrants' back to their socialist banana republic drug cartels where they come from. They don't want to work, they want to sell Mexican drugs and take over Texas. Thousands come to Texas every year just to have their children born in America so they can claim the child as an American citizen and appeal to the lunatic democrat-socialists for their own citizenship plus grants so they can pretend to study but actually drop out and get into the US welfare system. They come to America to go on welfare and sell drugs not to help America. The derelicts have already destroyed Mexico and Haiti that way.
8. Make it illegal for corporate officers and employee unions to influence their salary decisions other that through proven economic performance for the taxpayers and other investors. No more free stock for them.
9. Since the Federal Energy department and the Education department were created the Federal Commissars have destroyed Energy and Education. Eliminate these two federal bureaucracies.
10. Fire all the Obama Czars and FED commissars and government employees involved in housing, Freddie, and Fannie.
World Markets this week:
China is beginning to see the difference in the way "free peoples" trade and communists trade. They never before saw so many people bringing them aircraft and other high technology that is so reliable compared to the junk the Russians and their old Chinese manufacturers produced. And China sees they can easily enter the New World. The Chinese government needs to begin a step by step plan to set up a system of free elections for a Constitutional government which protects the individual's right to the fruits of the individual's labor.
This now is the opportunity for NATO to remove the Libyan psychopath from power. But he will likely destroy and set ablaze all the oil fields the way Saddam Hussein did when he was driven out of Kuwait.
Energy is now the highest tax on the World economy as it has been for years in socialist countries who use energy policy as political power just as Obama does by punishing Americans in the southern energy rich states for voting against his policies of socialism, racism (against people with a work ethic), and stupidity. Obama is punishing Americans in the southern states for their rejection of his socialism and his welfare policies.
Japans FED spokesman Masaali Shirakawa said, "The so-called credit easing (QE2) adopted by the Federal Reserve is essentially the same thing we (Japan) did." That means Obama and Bernanke lied to the American people when they said running up a USA deficit would prevent the Japan problem of two lost decades of stagnation. They are creating exactly the same stagnation problem Japan created. Japan now owes more than 80% of their GDP. Obama and Bernanke lied to the American people and said we can spend our way out of the recession but Masaali Shirakawa said that is what Japan is still doing after more than 20 years of profligate socialist spending just like Greece and Ireland. This is why we need to throw the lying corrupt socialists out. Obama's administration is stupid, incompetent or both.
US Economy
Jack Welch said the Wisconsin Democrats who fled their state are clueless and irresponsible (those were his words).
Mar 7 3:00 PM Consumer Credit Jan declined sharply from 6.1B to 5B this month even after 2B was moved forward from last month in an Obama "adjustment."
This week
Mar 9 7:00 AM MBA Mortgage Index
Mar 9 10:00 AM Wholesale Inventories Jan
Mar 9 10:30 AM Crude Inventories 03/05
Mar 10 8:30 AM Initial Claims 03/05
Mar 10 8:30 AM Continuing Claims 02/26
Mar 10 8:30 AM Trade Balance Jan
Mar 10 2:00 PM Treasury Budget Feb
Mar 11 8:30 AM Retail Sales Feb
Mar 11 8:30 AM Retail Sales ex-auto Feb
Mar 11 9:55 AM Mich. Sentiment Mar -
Mar 11 10:00 AM Business Inventories Jan
Market Outlook March 8, 2011
Last night MSNBC/Pravda's Jim Cramer warned that a significant decline is now likely. He said late buying in the day is now a mistake and we will likely see less of it.
Net cash flow is out of the market. The market broke through the first 20-dma resistance line but we need to watch for follow through with the 50-dma for a full correction. It took a first bounce of support last week as we expected before the decline hits a possible -16% total. The real problem is profligate socialist spending here and abroad. In America the current budget crisis will only grow until the city and state fiscal budget cuts are approved this summer. We think the next support level will be down to Nov 4 levels.
http://finance.yahoo.com/echarts?s=%5ENYA+Interactive#chart2:symbo yel=^nya;range=1y;indicator=ema(50,20)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
We are prepared to buy individual stocks on significant declines. Some stocks are already buying opportunities and worth taking.
World Markets
Asian markets were up last night. China up 0.1%, Hong Kong up 1.7%, India up 1.2 %, and Japan up 0.2%,
European markets are mixed this morning in a range of about -0.2% to +0.4% half way through their day.
US pre-market futures are up 0.3% at 7:00 AM EST.
ETFs (specially 2X and 3X types), both long and short appear to be rigged or manipulated at this time. It is hard to hazard who is doing it, but they bear no resemblance to their underlying stocks. Ultimately one would expect that every time the long side returned to an original level the short side would also. But what it looks like is that funds are siphoned off when an ETF is low and it never gets to its old high when it later recovers. They warn not to hold them for any length of time but is it legal to drain off the cash that way? When the next market panic occurs people may never recover their investment by holding them. What they do is a reverse split to raise the price but you have half the stock. Then some people are fooled and don't realize they are continuously siphoning off value. Then suddenly people get out to stop the hemorrhaging and sell then at a loss to avoid a total loss. Mad Money must have been burned too because they commented on this problem three years ago when Jim Cramer's Natural Gas ETF recommendation gradually flowed down the sewer. He then warned to stay away from ETFs but did not explain why.
Friday, Alan Greenspan said this recession will not end until home prices rise 10%. He said conventional conforming home loans since 2005 are now all under water. He said the world economic system is now very bleak and impossible to forecast. We will not know if QE2 worked until after recovery and we see if it creates any inflation. He said the price of gold is an indication of concern about the economy and is not rising due to inflation but form fear. He said FED activism is now declining. He said the2500 page Dodd-Frank bill is internally contradictory bill of regulations that will hamper expansion of the economy and has had to be suspended recently for Ford Motors to get any financing. It is just the tip of the ice-burg and needs to be reversed. It is worse than Obamacare. He said the recent equities rise is due to balance sheet changes from easy QE2 money and those effects are now running out and real growth is needed. QE2 enhanced capital gains and margins in the short term for stocks. New real growth is now needed from the liquid cash being converted into illiquid assets but that is not possible to forecast. Instead the cash is being used to buy out competitors in a shrinking economy.
How to balance the USA budget:
1. Throw out every single Democrat-socialist politician: Federal, State, and Locally.
2. NASA should be cut sharply so they learn to get out of socialist politics and go back to real science. NASA is now the socialist junk science poster child of our be-happy schools were 40% of the Obama be-happy kids drop out and a work ethic and personal character are considered passe dinosaurs like Jefferson, Madison and Lincoln. Today Lincoln gets one paragraph in American history and Clinton gets two pages just for his gay rights.
3. State, city, teachers, and security/safety workers should not be allowed to have unions just as they did not have unions until the beatnik drug era of the late 1960's. The USA had an excellent school system before 1970 and had no immigration problem from be-happy banana republics until the 1960-70 drug culture took over US education.
4. Lay off 20% of state and federal workers this year and another 20% next year.
5. Break up Goldman Sucks and AIG and return the cash to the American treasury that bailed them out.
6. Withdraw Obama care legislation and stop FED quantitative expansion (printing money to buy our own debt).
7. Send all the ignorant/criminal be-happy illegal immigrants' back to their socialist banana republic drug cartels where they come from. They don't want to work, they want to sell Mexican drugs and take over Texas. Thousands come to Texas every year just to have their children born in America so they can claim the child as an American citizen and appeal to the lunatic democrat-socialists for their own citizenship plus grants so they can pretend to study but actually drop out and get into the US welfare system. They come to America to go on welfare and sell drugs not to help America. The derelicts have already destroyed Mexico and Haiti that way.
8. Make it illegal for corporate officers and employee unions to influence their salary decisions other that through proven economic performance for the taxpayers and other investors. No more free stock for them.
9. Since the Federal Energy department and the Education department were created the Federal Commissars have destroyed Energy and Education. Eliminate these two federal bureaucracies.
10. Fire all the Obama Czars and FED commissars and government employees involved in housing, Freddie, and Fannie.
World Markets this week:
China is beginning to see the difference in the way "free peoples" trade and communists trade. They never before saw so many people bringing them aircraft and other high technology that is so reliable compared to the junk the Russians and their old Chinese manufacturers produced. And China sees they can easily enter the New World. The Chinese government needs to begin a step by step plan to set up a system of free elections for a Constitutional government which protects the individual's right to the fruits of the individual's labor.
This now is the opportunity for NATO to remove the Libyan psychopath from power. But he will likely destroy and set ablaze all the oil fields the way Saddam Hussein did when he was driven out of Kuwait.
Energy is now the highest tax on the World economy as it has been for years in socialist countries who use energy policy as political power just as Obama does by punishing Americans in the southern energy rich states for voting against his policies of socialism, racism (against people with a work ethic), and stupidity. Obama is punishing Americans in the southern states for their rejection of his socialism and his welfare policies.
Japans FED spokesman Masaali Shirakawa said, "The so-called credit easing (QE2) adopted by the Federal Reserve is essentially the same thing we (Japan) did." That means Obama and Bernanke lied to the American people when they said running up a USA deficit would prevent the Japan problem of two lost decades of stagnation. They are creating exactly the same stagnation problem Japan created. Japan now owes more than 80% of their GDP. Obama and Bernanke lied to the American people and said we can spend our way out of the recession but Masaali Shirakawa said that is what Japan is still doing after more than 20 years of profligate socialist spending just like Greece and Ireland. This is why we need to throw the lying corrupt socialists out. Obama's administration is stupid, incompetent or both.
US Economy
Jack Welch said the Wisconsin Democrats who fled their state are clueless and irresponsible (those were his words).
Mar 7 3:00 PM Consumer Credit Jan declined sharply from 6.1B to 5B this month even after 2B was moved forward from last month in an Obama "adjustment."
This week
Mar 9 7:00 AM MBA Mortgage Index
Mar 9 10:00 AM Wholesale Inventories Jan
Mar 9 10:30 AM Crude Inventories 03/05
Mar 10 8:30 AM Initial Claims 03/05
Mar 10 8:30 AM Continuing Claims 02/26
Mar 10 8:30 AM Trade Balance Jan
Mar 10 2:00 PM Treasury Budget Feb
Mar 11 8:30 AM Retail Sales Feb
Mar 11 8:30 AM Retail Sales ex-auto Feb
Mar 11 9:55 AM Mich. Sentiment Mar -
Mar 11 10:00 AM Business Inventories Jan
Market Outlook March 8, 2011
Last night MSNBC/Pravda's Jim Cramer warned that a significant decline is now likely. He said late buying in the day is now a mistake and we will likely see less of it.
Net cash flow is out of the market. The market broke through the first 20-dma resistance line but we need to watch for follow through with the 50-dma for a full correction. It took a first bounce of support last week as we expected before the decline hits a possible -16% total. The real problem is profligate socialist spending here and abroad. In America the current budget crisis will only grow until the city and state fiscal budget cuts are approved this summer. We think the next support level will be down to Nov 4 levels.
http://finance.yahoo.com/echarts?s=%5ENYA+Interactive#chart2:symbo yel=^nya;range=1y;indicator=ema(50,20)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
We are prepared to buy individual stocks on significant declines. Some stocks are already buying opportunities and worth taking.
World Markets
Asian markets were up last night. China up 0.1%, Hong Kong up 1.7%, India up 1.2 %, and Japan up 0.2%,
European markets are mixed this morning in a range of about -0.2% to +0.4% half way through their day.
US pre-market futures are up 0.3% at 7:00 AM EST.
Monday, March 7, 2011
ETF's are priced ridiculously high at this moment and have enormous downside risk.
ETFs,(specially 2X and 3X types), both long and short appear to be rigged or manipulated at this time. It is hard to hazard who is doing it, but they bear no resemblance to their underlying stocks. Ultimately one would expect that every time the long side returned to an original level the short side would also. But what it looks like is that funds are siphoned off when an ETF is low and it never gets to its old high when it later recovers. They warn not to hold them for any length of time but is it legal to drain off the cash that way? When the next market panic occurs people may never recover their investment by holding them. What they do is a reverse split to raise the price but you have half the stock. Then some people are fooled and don't realize they are continuously siphoning off value. Then suddenly people get out to stop the hemorrhaging and sell then at a loss to avoid a total loss. Mad Money must have been burned too because they commented on this problem three years ago when Jim Cramer's Natural Gas ETF recommendation gradually flowed down the sewer. He then warned to stay away from ETFs but did not explain why.
Friday, Alan Greenspan said this recession will not end until home prices rise 10%. He said conventional conforming home loans since 2005 are now all under water. He said the world economic system is now very bleak and impossible to forecast.. We will not know if QE2 worked until after recovery and we see if it creates any inflation. He said the price of gold is an indication of concern about the economy and is not rising due to inflation but form fear. He said FED activism is now declining. He said the2500 page Dodd-Frank bill is internally contradictory bill of regulations that will hamper expansion of the economy and has had to be suspended recently for Ford Motors to get any financing. It is just the tip of the ice-burg and needs to be reversed. It is worse than Obamacare. He said the recent equities rise is due to balance sheet changes from easy QE2 money and those effects are now running out and real growth is needed. QE2 enhanced capital gains and margins in the short term for stocks. New real growth is now needed from the liquid cash being converted into illiquid assets but that is not possible to forecast. Instead the cash is being used to buy out competitors in a shrinking economy.
GE formerly GE/MSNBC/Pravda is the US architect of crony capitalism. GE socialist Imelted is now the chief Obama business advisor telling Obama how to bleed hard working Americans dry to pay off corrupt unions with tax revenue and reward crony capitalists with contracts.
.
How to balance the USA budget:
1. Throw out every single Democrat-socialist politician: Federal, State, and Locally.
2. NASA should be cut sharply so they learn to get out of socialist politics and go back to real science. NASA is now the socialist junk science poster child of our be-happy schools were 40% of the Obama be-happy kids drop out and a work ethic and personal character are considered passe dinosaurs like Jefferson, Madison and Lincoln. Today Lincoln gets one paragraph in American history and Clinton gets two pages just for his gay rights.
3. State, city, teachers, and security/safety workers should not be allowed to have unions just as they did not have unions until the beatnik drug era of the late 1960's. The USA had an excellent school system before 1970 and had no immigration problem from be-happy banana republics until the 1960-70 drug culture took over US education.
4. Lay off 20% of state and federal workers this year and another 20% next year.
5. Break up Goldman Sucks and AIG and return the cash to the American treasury that bailed them out.
6. Withdraw Obama care legislation and stop FED quantitative expansion (printing money to buy our own debt).
7. Send all the ignorant/criminal be-happy illegal immigrants' back to their socialist banana republic drug cartels where they come from. They don't want to work, they want to sell Mexican drugs and take over Texas. Thousands come to Texas every year just to have their children born in America so they can claim the child as an American citizen and appeal to the lunatic democrat-socialists for their own citizenship plus grants so they can pretend to study but actually drop out and get into the US welfare system. They come to America to go on welfare and sell drugs not to help America. The derelicts have already destroyed Mexico and Haiti that way.
8. Make it illegal for corporate officers and employee unions to influence their salary decisions other that through proven economic performance for the taxpayers and other investors. No more free stock for them.
9. Since the Federal Energy department and the Education department were created the Federal Commissars have destroyed Energy and Education. Eliminate these two federal bureaucracies.
10. Fire all the Obama Czars and FED commissars and government employees involved in housing, Freddie, and Fannie.
World Markets this week:
Energy is now the highest tax on the World economy as it has been for years in socialist countries who use energy policy as political power just as Obama does by punishing Americans in the southern energy rich states for voting against his policies of socialism, racism (against people with a work ethic), and stupidity. Obama is punishing Americans in the southern states for their rejection of his socialism and his welfare policies.
Japans FED spokesman Masaali Shirakawa said, "The so-called credit easing (QE2) adopted by the Federal Reserve is essentially the same thing we (Japan) did." That means Obama and Bernanke lied to the American people when they said running up a USA deficit would prevent the Japan problem of two lost decades of stagnation. They are creating exactly the same stagnation problem Japan created. Japan now owes more than 80% of their GDP. Obama and Bernanke lied to the American people and said we can spend our way out of the recession but Masaali Shirakawa said that is what Japan is still doing after more than 20 years of profligate socialist spending just like Greece and Ireland. This is why we need to throw the lying corrupt socialists out. Obama's administration is stupid, incompetent or both.
US Economy
Jack Welch former GE president (before GE became a foreign arm for socialist expansion) said last week that Obama unionized 43,000 TSA (airport) workers in the stroke of his pen right after he said he would be more pro-business. He said that Obama action was a presidential card-check and created another union of government slackers. Jack Welch said the Wisconsin Democrats who fled their state are clueless and irresponsible (those were his words).
The past week
Initial Claims 02/26 368K down slightly (23K) from last week's 391K The euphoria was because it was under 400K again. But we need new jobs being created.
Nonfarm Payrolls Feb at 192K up from 63K last month. That’s good but we need 400K+ to have sustained recovery.
Nonfarm Private Payrolls Feb at 222K up from 68K last month.
Unemployment Rate Feb quoted as 8.9% manipulated down from the manipulated 9.0% last time. This is socialist Obama phony accomplishment because the unemployed are not counted once people run out of unemployment extensions because they no longer are required to report they are looking for work. This is now all done by telephone. While they are collecting they have to call in each month and say they looked for work and could not find any. After that they run out they are told not to call in so they are no longer counted as unemployed according to Obama. It is just more socialist dishonesty in action
Today
Mar 7 3:00 PM Consumer Credit Jan
This week
Mar 9 7:00 AM MBA Mortgage Index
Mar 9 10:00 AM Wholesale Inventories Jan
Mar 9 10:30 AM Crude Inventories 03/05
Mar 10 8:30 AM Initial Claims 03/05
Mar 10 8:30 AM Continuing Claims 02/26
Mar 10 8:30 AM Trade Balance Jan
Mar 10 2:00 PM Treasury Budget Feb
Mar 11 8:30 AM Retail Sales Feb
Mar 11 8:30 AM Retail Sales ex-auto Feb
Mar 11 9:55 AM Mich. Sentiment Mar -
Mar 11 10:00 AM Business Inventories Jan
Market Outlook March 7, 2011
Net cash flow is again out of the market. The market broke through the first 20-dma resistance line but we need to watch for follow through with the 50-dma for a full correction. It took a first bounce of support last week as we expected before the decline hits a possible -16% total. The real problem is profligate socialist spending here and abroad. In America the current budget crisis will only grow until the city and state fiscal budget cuts are approved this summer. We think the next support level will be down to Nov 4 levels.
http://finance.yahoo.com/echarts?s=%5ENYA+Interactive#chart2:symbo yel=^nya;range=1y;indicator=ema(50,20)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
We are prepared to buy individual stocks on significant declines. Some stocks are already buying opportunities and worth taking.
World Markets
Asian markets were down last night. China up 1.9%, Hong Kong down -0.4%, India down -1.4 %, Taiwan down -0.8%, Seoul down -1.2%, and Japan down -1.8%,
European markets are up this morning in a range of about 0.1% to 0.7% half way through their day.
US pre-market futures are up 0.4% at 7:30 AM EST.
Friday, Alan Greenspan said this recession will not end until home prices rise 10%. He said conventional conforming home loans since 2005 are now all under water. He said the world economic system is now very bleak and impossible to forecast.. We will not know if QE2 worked until after recovery and we see if it creates any inflation. He said the price of gold is an indication of concern about the economy and is not rising due to inflation but form fear. He said FED activism is now declining. He said the2500 page Dodd-Frank bill is internally contradictory bill of regulations that will hamper expansion of the economy and has had to be suspended recently for Ford Motors to get any financing. It is just the tip of the ice-burg and needs to be reversed. It is worse than Obamacare. He said the recent equities rise is due to balance sheet changes from easy QE2 money and those effects are now running out and real growth is needed. QE2 enhanced capital gains and margins in the short term for stocks. New real growth is now needed from the liquid cash being converted into illiquid assets but that is not possible to forecast. Instead the cash is being used to buy out competitors in a shrinking economy.
GE formerly GE/MSNBC/Pravda is the US architect of crony capitalism. GE socialist Imelted is now the chief Obama business advisor telling Obama how to bleed hard working Americans dry to pay off corrupt unions with tax revenue and reward crony capitalists with contracts.
.
How to balance the USA budget:
1. Throw out every single Democrat-socialist politician: Federal, State, and Locally.
2. NASA should be cut sharply so they learn to get out of socialist politics and go back to real science. NASA is now the socialist junk science poster child of our be-happy schools were 40% of the Obama be-happy kids drop out and a work ethic and personal character are considered passe dinosaurs like Jefferson, Madison and Lincoln. Today Lincoln gets one paragraph in American history and Clinton gets two pages just for his gay rights.
3. State, city, teachers, and security/safety workers should not be allowed to have unions just as they did not have unions until the beatnik drug era of the late 1960's. The USA had an excellent school system before 1970 and had no immigration problem from be-happy banana republics until the 1960-70 drug culture took over US education.
4. Lay off 20% of state and federal workers this year and another 20% next year.
5. Break up Goldman Sucks and AIG and return the cash to the American treasury that bailed them out.
6. Withdraw Obama care legislation and stop FED quantitative expansion (printing money to buy our own debt).
7. Send all the ignorant/criminal be-happy illegal immigrants' back to their socialist banana republic drug cartels where they come from. They don't want to work, they want to sell Mexican drugs and take over Texas. Thousands come to Texas every year just to have their children born in America so they can claim the child as an American citizen and appeal to the lunatic democrat-socialists for their own citizenship plus grants so they can pretend to study but actually drop out and get into the US welfare system. They come to America to go on welfare and sell drugs not to help America. The derelicts have already destroyed Mexico and Haiti that way.
8. Make it illegal for corporate officers and employee unions to influence their salary decisions other that through proven economic performance for the taxpayers and other investors. No more free stock for them.
9. Since the Federal Energy department and the Education department were created the Federal Commissars have destroyed Energy and Education. Eliminate these two federal bureaucracies.
10. Fire all the Obama Czars and FED commissars and government employees involved in housing, Freddie, and Fannie.
World Markets this week:
Energy is now the highest tax on the World economy as it has been for years in socialist countries who use energy policy as political power just as Obama does by punishing Americans in the southern energy rich states for voting against his policies of socialism, racism (against people with a work ethic), and stupidity. Obama is punishing Americans in the southern states for their rejection of his socialism and his welfare policies.
Japans FED spokesman Masaali Shirakawa said, "The so-called credit easing (QE2) adopted by the Federal Reserve is essentially the same thing we (Japan) did." That means Obama and Bernanke lied to the American people when they said running up a USA deficit would prevent the Japan problem of two lost decades of stagnation. They are creating exactly the same stagnation problem Japan created. Japan now owes more than 80% of their GDP. Obama and Bernanke lied to the American people and said we can spend our way out of the recession but Masaali Shirakawa said that is what Japan is still doing after more than 20 years of profligate socialist spending just like Greece and Ireland. This is why we need to throw the lying corrupt socialists out. Obama's administration is stupid, incompetent or both.
US Economy
Jack Welch former GE president (before GE became a foreign arm for socialist expansion) said last week that Obama unionized 43,000 TSA (airport) workers in the stroke of his pen right after he said he would be more pro-business. He said that Obama action was a presidential card-check and created another union of government slackers. Jack Welch said the Wisconsin Democrats who fled their state are clueless and irresponsible (those were his words).
The past week
Initial Claims 02/26 368K down slightly (23K) from last week's 391K The euphoria was because it was under 400K again. But we need new jobs being created.
Nonfarm Payrolls Feb at 192K up from 63K last month. That’s good but we need 400K+ to have sustained recovery.
Nonfarm Private Payrolls Feb at 222K up from 68K last month.
Unemployment Rate Feb quoted as 8.9% manipulated down from the manipulated 9.0% last time. This is socialist Obama phony accomplishment because the unemployed are not counted once people run out of unemployment extensions because they no longer are required to report they are looking for work. This is now all done by telephone. While they are collecting they have to call in each month and say they looked for work and could not find any. After that they run out they are told not to call in so they are no longer counted as unemployed according to Obama. It is just more socialist dishonesty in action
Today
Mar 7 3:00 PM Consumer Credit Jan
This week
Mar 9 7:00 AM MBA Mortgage Index
Mar 9 10:00 AM Wholesale Inventories Jan
Mar 9 10:30 AM Crude Inventories 03/05
Mar 10 8:30 AM Initial Claims 03/05
Mar 10 8:30 AM Continuing Claims 02/26
Mar 10 8:30 AM Trade Balance Jan
Mar 10 2:00 PM Treasury Budget Feb
Mar 11 8:30 AM Retail Sales Feb
Mar 11 8:30 AM Retail Sales ex-auto Feb
Mar 11 9:55 AM Mich. Sentiment Mar -
Mar 11 10:00 AM Business Inventories Jan
Market Outlook March 7, 2011
Net cash flow is again out of the market. The market broke through the first 20-dma resistance line but we need to watch for follow through with the 50-dma for a full correction. It took a first bounce of support last week as we expected before the decline hits a possible -16% total. The real problem is profligate socialist spending here and abroad. In America the current budget crisis will only grow until the city and state fiscal budget cuts are approved this summer. We think the next support level will be down to Nov 4 levels.
http://finance.yahoo.com/echarts?s=%5ENYA+Interactive#chart2:symbo yel=^nya;range=1y;indicator=ema(50,20)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
We are prepared to buy individual stocks on significant declines. Some stocks are already buying opportunities and worth taking.
World Markets
Asian markets were down last night. China up 1.9%, Hong Kong down -0.4%, India down -1.4 %, Taiwan down -0.8%, Seoul down -1.2%, and Japan down -1.8%,
European markets are up this morning in a range of about 0.1% to 0.7% half way through their day.
US pre-market futures are up 0.4% at 7:30 AM EST.
Friday, March 4, 2011
Alan Greenspan today said this recession will not end until home prices rise 10%.
Alan Greenspan today said this recession will not end until home prices rise 10%. He said conventional conforming home loans since 2005 are now all under water.
He said the world economic system is now very bleak and impossible to forecast.. We will not know if QE2 worked until after recovery and we see if it creates any inflation. He said the price of gold is an indication of concern about the economy and is not rising due to inflation. He said FED activism is now declining. He said the2500 page Dodd-Frank bill is internally contradictory bill of regulations that hampers expansion of the economy and has had to be suspended recently for Ford to get any financing. It is just the tip of the ice-burg and needs to be reversed. It is worse than Obamacare. He said the recent equities rise is due to balance sheet changes from easy QE2 money and those effects are now running out and real growth is needed. QE2 enhanced capital gains and margins in the short term for stocks. New real growth is now needed from the liquid cash being converted into illiquid assets but that is not possible to forecast.
Masaali Shirakawa said, "The so-called credit easing (QE2) adopted by the Federal Reserve is essentially the same thing we did." That means Obama and Bernanke lied to the American people when they said running up a USA deficit would prevent the Japan problem of two lost decades of stagnation. They are doing exactly what Japan did. Japan now owes more than 80% of their GDP. Obama and Bernanke lied to the American people and said we can spend our way out of the recession but Masaali Shirakawa said that is what Japan is still doing after more than 20 years of profligate socialist spending like Greece and Ireland. This is why we need to throw the lying corrupt socialists out. Obama's administration is stupid, incompetent or both.
GE formerly GE/MSNBC/Pravda is the US architect of crony capitalism. Socialist Imelted is now the chief Obama business advisor telling Obama how to bleed hard working Americans dry to pay off corrupt unions with tax revenue and reward crony capitalists with contracts.
.
How to balance the USA budget:
1. Throw out every single Democrat-socialist politician: Federal, State, and Locally.
2. NASA should be cut sharply so they learn to get out of socialist politics and go back to real science. It is now the socialist junk science poster child of our be-happy schools were 40% of the Obama be-happy kids drop out and a work ethic and personal character are considered passe dinosaurs like Jefferson, Madison and Lincoln. Today Lincoln gets one paragraph in American history and Clinton gets two pages just for his gay rights.
3. State, city, teachers, and security/safety workers should not be allowed to have unions just as they did not have unions until the beatniks of the late 1960's. The USA had an excellent school system before 1970 and had no immigration problem from be-happy banana republics until the 1960-70 drug culture took over US education.
4. Lay off 20% of state and federal workers this year and another 20% next year.
5. Break up Goldman Sachs and AIG and return the cash to the American treasury that bailed them out.
6. Withdraw Obama care legislation.
7. Send all the ignorant/criminal be-happy illegal immigrants' back to their socialist banana republic drug cartels where they come from. They don't want to work, they want to sell Mexican drugs and take over Texas. Thousands come to Texas every year just to have their children born in America so they can claim the child as an American citizen and appeal to the lunatic democrat-socialists for their own citizenship plus grants so they can pretend to study but actually drop out and get into the US welfare system. They come to America to go on the welfare and sell drugs not to help America. The derelicts have already destroyed Mexico and Haiti that way.
8. Make it illegal for corporate officers and employee unions to influence their salary decisions other that through the economic performance for the taxpayers and other investors.
9. Since the Federal Energy department and the Education department were created the Federal Commissars have destroyed Energy and Education. Eliminate these to federal bureaucracies.
10. Fire all the Obama Czars and FED commissars and government employees involved in housing, Freddie, and Fannie.
World Markets this week:
The Monarchy of North Korea blocked South Korean citizens’ return home over four who want to stay in south. Communism is a socialist dinosaur and has to take hostages and build walls to keep their people in. How can Communist China not feel the shame of supporting a one family monarchy? It shows that Communism is nothing but a form of fascism. It is the end product of the failed system of socialism.
Spain uses a speed limit like America did in the late 70's and early 80s to reduce automobile gas consumption 15%.
But Obama maintains cuts of American oil production of gas and oil to make prices rise for American industrial production instead.
Jack Welch former GE president (before GE became a foreign stooge of socialist expansion) said Monday that Obama unionized 43,000 TSA workers in the stroke of his pen right after he said he would be more pro-business. He said it was a presidential card-check and was another union of government workers. He said the Wisconsin Democrats who fled their state are clueless and irresponsible.
Energy is now the highest tax on the American economy as it has been for years in socialist countries who use energy policy as political power just as Obama does by punishing Americans in the southern energy rich states for voting against his policies of socialism, racism (against people with a work ethic), and stupidity. Obama is punishing Americans in the south for their rejection of his socialism and welfare policies.
US Economy
This past week
Personal Income Jan up 1.0% better than last month's 0.4%
Personal Spending Jan advanced a weak 0.2% compared with 0.7% last month
PCE Prices - Core Jan up 0.1% after no increase last month
Chicago PMI Feb up to 71.2 from 68.8 last month, possible political manipulation going on again in Chicago.
Pending Home Sales Dec fell again -2.8%
Construction Spending Jan -0.7% vs. -2.5% last month. That is horrible because the spending is still getting lower after two years of declines. Obama is incredibly incompetent for allowing Freddie and Fannie to continue to destroy this American sector. All the Obama Czars and FED commissars involved should be fired.
ISM Index Feb 61.4 another area the socialists fudge to lie just as all socialist bureaucrats are required to do.
Auto Sales Mar - up relative to last year and on track for 12 million cars down from 16 million before the Obama depression.
Truck Sales Mar - Also up from last year but still down about 25%. High gasoline prices will now begin to hurt car and truck sales.
MBA Mortgage Index 02/25 fell -6.5%. This is terrible and Obama does nothing.
Challenger Job Cuts Feb improved 20.0% last month
ADP Employment Change Feb improved slightly to 217K from 187Kthe previous month. We need over 400K to recover
Crude Inventories 02/26 fell -0.364M after improving 0.822M last month
Mar 2 2:00 PM Fed's Beige Book Mar says they will stick with the failed Japanese style spending plan. The money from the FED is swamping financial markets and inflating the cost of investment. Corporations will not hire while QE2 goes on because it is better to buy up weak competitors with all the FED cash.
Yesterday
Initial Claims 02/26 368K down slightly (23K) from last week's 391K The euphoria yesterday was because it was under 400K again. But we need new jobs being created.
Continuing Claims 02/19 3774K down slightly (16K) from last week 3790K
Productivity-Revised Q4 2.6% no change from the last revision, 2.6%
Unit Labor Costs - Revised Q4 -0.6% no change from the last revision -0.6%
ISM Services Feb 59.7 slightly improved from last month's 59.4
Today
Nonfarm Payrolls Feb at 192K up from 63K last month.
Nonfarm Private Payrolls Feb at 222K up from 68K last month.
Unemployment Rate Feb quoted as 8.9% manipulated down from the manipulated 9.0% last time. This is socialist Obama phony baloney.
Average Workweek Feb was constant at 34.2 hours.
Hourly Earnings Feb increased 0.0% after increasing 0.4% last month
Factory Orders Jan 3.1% up from 1.4% last month
Read more: http://www.briefing.com/Investor/Public/Calendars/EconomicCalendar.htm#ixzz1Fdh9yLZJ
Market Outlook March 4, 2011
Volume was low again yesterday on the first bounce from the 50dma. Net cash flow is again out of the market. The market broke through the first 20-dma resistance line last week but we need to watch for follow through with the 50-dma for an additional estimated 10% decline. It took a first bounce of support yesterday as we expected before the decline hits 16% total. The real problem is profligate socialist spending here and abroad. In America the current budget crisis will only grow until the city and state fiscal budgets are approved this summer. We think the next support level will be down to Nov 4 levels or lower.
http://finance.yahoo.com/echarts?s=%5ENYA+Interactive#chart2:symbo yel=^nya;range=1y;indicator=ema(50,20)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
We are prepared to buy individual stocks on significant declines. Some stocks are already buying opportunities and worth taking. But we do not think this bottom is past. That could be another 6.5% lower. However we would buy stocks now on declines whenever opportunity knocks.
World Markets
Asian markets were up last night. China up 1.4%, Hong Kong up 1.2%, India down 0.1 %, and Japan up 1%,
European markets are up this morning in a range of about 0.0% to 1.1% half way through their day.
US pre-market futures are a flat 0% at 7:00 AM EST.
He said the world economic system is now very bleak and impossible to forecast.. We will not know if QE2 worked until after recovery and we see if it creates any inflation. He said the price of gold is an indication of concern about the economy and is not rising due to inflation. He said FED activism is now declining. He said the2500 page Dodd-Frank bill is internally contradictory bill of regulations that hampers expansion of the economy and has had to be suspended recently for Ford to get any financing. It is just the tip of the ice-burg and needs to be reversed. It is worse than Obamacare. He said the recent equities rise is due to balance sheet changes from easy QE2 money and those effects are now running out and real growth is needed. QE2 enhanced capital gains and margins in the short term for stocks. New real growth is now needed from the liquid cash being converted into illiquid assets but that is not possible to forecast.
Masaali Shirakawa said, "The so-called credit easing (QE2) adopted by the Federal Reserve is essentially the same thing we did." That means Obama and Bernanke lied to the American people when they said running up a USA deficit would prevent the Japan problem of two lost decades of stagnation. They are doing exactly what Japan did. Japan now owes more than 80% of their GDP. Obama and Bernanke lied to the American people and said we can spend our way out of the recession but Masaali Shirakawa said that is what Japan is still doing after more than 20 years of profligate socialist spending like Greece and Ireland. This is why we need to throw the lying corrupt socialists out. Obama's administration is stupid, incompetent or both.
GE formerly GE/MSNBC/Pravda is the US architect of crony capitalism. Socialist Imelted is now the chief Obama business advisor telling Obama how to bleed hard working Americans dry to pay off corrupt unions with tax revenue and reward crony capitalists with contracts.
.
How to balance the USA budget:
1. Throw out every single Democrat-socialist politician: Federal, State, and Locally.
2. NASA should be cut sharply so they learn to get out of socialist politics and go back to real science. It is now the socialist junk science poster child of our be-happy schools were 40% of the Obama be-happy kids drop out and a work ethic and personal character are considered passe dinosaurs like Jefferson, Madison and Lincoln. Today Lincoln gets one paragraph in American history and Clinton gets two pages just for his gay rights.
3. State, city, teachers, and security/safety workers should not be allowed to have unions just as they did not have unions until the beatniks of the late 1960's. The USA had an excellent school system before 1970 and had no immigration problem from be-happy banana republics until the 1960-70 drug culture took over US education.
4. Lay off 20% of state and federal workers this year and another 20% next year.
5. Break up Goldman Sachs and AIG and return the cash to the American treasury that bailed them out.
6. Withdraw Obama care legislation.
7. Send all the ignorant/criminal be-happy illegal immigrants' back to their socialist banana republic drug cartels where they come from. They don't want to work, they want to sell Mexican drugs and take over Texas. Thousands come to Texas every year just to have their children born in America so they can claim the child as an American citizen and appeal to the lunatic democrat-socialists for their own citizenship plus grants so they can pretend to study but actually drop out and get into the US welfare system. They come to America to go on the welfare and sell drugs not to help America. The derelicts have already destroyed Mexico and Haiti that way.
8. Make it illegal for corporate officers and employee unions to influence their salary decisions other that through the economic performance for the taxpayers and other investors.
9. Since the Federal Energy department and the Education department were created the Federal Commissars have destroyed Energy and Education. Eliminate these to federal bureaucracies.
10. Fire all the Obama Czars and FED commissars and government employees involved in housing, Freddie, and Fannie.
World Markets this week:
The Monarchy of North Korea blocked South Korean citizens’ return home over four who want to stay in south. Communism is a socialist dinosaur and has to take hostages and build walls to keep their people in. How can Communist China not feel the shame of supporting a one family monarchy? It shows that Communism is nothing but a form of fascism. It is the end product of the failed system of socialism.
Spain uses a speed limit like America did in the late 70's and early 80s to reduce automobile gas consumption 15%.
But Obama maintains cuts of American oil production of gas and oil to make prices rise for American industrial production instead.
Jack Welch former GE president (before GE became a foreign stooge of socialist expansion) said Monday that Obama unionized 43,000 TSA workers in the stroke of his pen right after he said he would be more pro-business. He said it was a presidential card-check and was another union of government workers. He said the Wisconsin Democrats who fled their state are clueless and irresponsible.
Energy is now the highest tax on the American economy as it has been for years in socialist countries who use energy policy as political power just as Obama does by punishing Americans in the southern energy rich states for voting against his policies of socialism, racism (against people with a work ethic), and stupidity. Obama is punishing Americans in the south for their rejection of his socialism and welfare policies.
US Economy
This past week
Personal Income Jan up 1.0% better than last month's 0.4%
Personal Spending Jan advanced a weak 0.2% compared with 0.7% last month
PCE Prices - Core Jan up 0.1% after no increase last month
Chicago PMI Feb up to 71.2 from 68.8 last month, possible political manipulation going on again in Chicago.
Pending Home Sales Dec fell again -2.8%
Construction Spending Jan -0.7% vs. -2.5% last month. That is horrible because the spending is still getting lower after two years of declines. Obama is incredibly incompetent for allowing Freddie and Fannie to continue to destroy this American sector. All the Obama Czars and FED commissars involved should be fired.
ISM Index Feb 61.4 another area the socialists fudge to lie just as all socialist bureaucrats are required to do.
Auto Sales Mar - up relative to last year and on track for 12 million cars down from 16 million before the Obama depression.
Truck Sales Mar - Also up from last year but still down about 25%. High gasoline prices will now begin to hurt car and truck sales.
MBA Mortgage Index 02/25 fell -6.5%. This is terrible and Obama does nothing.
Challenger Job Cuts Feb improved 20.0% last month
ADP Employment Change Feb improved slightly to 217K from 187Kthe previous month. We need over 400K to recover
Crude Inventories 02/26 fell -0.364M after improving 0.822M last month
Mar 2 2:00 PM Fed's Beige Book Mar says they will stick with the failed Japanese style spending plan. The money from the FED is swamping financial markets and inflating the cost of investment. Corporations will not hire while QE2 goes on because it is better to buy up weak competitors with all the FED cash.
Yesterday
Initial Claims 02/26 368K down slightly (23K) from last week's 391K The euphoria yesterday was because it was under 400K again. But we need new jobs being created.
Continuing Claims 02/19 3774K down slightly (16K) from last week 3790K
Productivity-Revised Q4 2.6% no change from the last revision, 2.6%
Unit Labor Costs - Revised Q4 -0.6% no change from the last revision -0.6%
ISM Services Feb 59.7 slightly improved from last month's 59.4
Today
Nonfarm Payrolls Feb at 192K up from 63K last month.
Nonfarm Private Payrolls Feb at 222K up from 68K last month.
Unemployment Rate Feb quoted as 8.9% manipulated down from the manipulated 9.0% last time. This is socialist Obama phony baloney.
Average Workweek Feb was constant at 34.2 hours.
Hourly Earnings Feb increased 0.0% after increasing 0.4% last month
Factory Orders Jan 3.1% up from 1.4% last month
Read more: http://www.briefing.com/Investor/Public/Calendars/EconomicCalendar.htm#ixzz1Fdh9yLZJ
Market Outlook March 4, 2011
Volume was low again yesterday on the first bounce from the 50dma. Net cash flow is again out of the market. The market broke through the first 20-dma resistance line last week but we need to watch for follow through with the 50-dma for an additional estimated 10% decline. It took a first bounce of support yesterday as we expected before the decline hits 16% total. The real problem is profligate socialist spending here and abroad. In America the current budget crisis will only grow until the city and state fiscal budgets are approved this summer. We think the next support level will be down to Nov 4 levels or lower.
http://finance.yahoo.com/echarts?s=%5ENYA+Interactive#chart2:symbo yel=^nya;range=1y;indicator=ema(50,20)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
We are prepared to buy individual stocks on significant declines. Some stocks are already buying opportunities and worth taking. But we do not think this bottom is past. That could be another 6.5% lower. However we would buy stocks now on declines whenever opportunity knocks.
World Markets
Asian markets were up last night. China up 1.4%, Hong Kong up 1.2%, India down 0.1 %, and Japan up 1%,
European markets are up this morning in a range of about 0.0% to 1.1% half way through their day.
US pre-market futures are a flat 0% at 7:00 AM EST.
Thursday, March 3, 2011
Shirakawa says Obama and Bernanke are lying to the American people.
Shirakawa says Obama and Bernanke are lying to the American people.
Masaali Shirakawa said, "The so-called credit easing (QE2) adopted by the Federal Reserve is essentially the same thing we did."
Obama and Bernanke lied to the American people when they said running up a USA deficit would prevent the Japan problem of two lost decades of stagnation. They are doing exactly what Japan did. Japan now owes more than 80% of their GDP. Obama and Bernanke lied to the American people and said we can spend our way out of the recession but Masaali Shirakawa said that is what Japan is still doing after more than 20 years of profligate socialist spending like Greece and Ireland. This is why we need to throw the lying corrupt socialists out. Obama's administration is stupid, incompetent or both and they are just lying idiots like most socialist community activists.
Previously we reported that Warren Buffett, who supported Goldman Sachs Group Inc. during the financial crisis with a capital injection and public praise, had his trust in the investment bank betrayed by corrupt Goldman Sucks Indian traders the same day that he spoke to them. Then the WSJ came out with a story that the current P&G Director, Rajat Gupta (the former corrupt Goldman Sucks trader) telephoned Raj Rajaratam of Galleon for a $900,000 profit on the illegal breach of client confidence. The majority of those arrested so far seem to be immigrants from India who do not share American character and honesty traits and have infected Wall Street with their socialist commissar superiority based entirely on cheating others. That is not the American way so how do we get these entirely corrupt foreign socialists out of Wall Street. Clearly we need to arrest them and put them in jail and throw away the keys. The Indian pompous socialist sophists need to be stopped from destroying our culture which has enjoyed unprecedented freedoms simply from the fact that free enterprise is based on honesty and trust and cannot survive socialist corruption and pomposity.
GE formerly GE/MSNBC/Pravda is the US architect of crony capitalism. Socialist Imelted is now the chief Obama business advisor telling Obama how to bleed hard working Americans dry to pay off corrupt unions with tax revenue and reward crony capitalists with contracts.
.
How to balance the USA budget:
1. Throw out every single Democrat-socialist politician: Federal, State, and Locally.
2. NASA should be cut sharply so they learn to get out of socialist politics and go back to real science. It is now the socialist junk science poster child of our be-happy schools were 40% of the Obama be-happy kids drop out and a work ethic and personal character are considered passe dinosaurs like Jefferson, Madison and Lincoln. Today Lincoln gets one paragraph in American history and Clinton gets two pages just for his gay rights.
3. State, city, teachers, and security/safety workers should not be allowed to have unions just as they did not have unions until the beatniks of the late 1960's. The USA had an excellent school system before 1970 and had no immigration problem from be-happy banana republics until the 1960-70 drug culture took over US education.
4. Lay off 20% of state and federal workers this year and another 20% next year.
5. Break up Goldman Sachs and AIG and return the cash to the American treasury that bailed them out.
6. Withdraw Obama care legislation.
7. Send all the ignorant/criminal be-happy illegal immigrants' back to their socialist banana republic drug cartels where they come from. They don't want to work, they want to sell Mexican drugs and take over Texas. Thousands come to Texas every year just to have their children born in America so they can claim the child as an American citizen and appeal to the lunatic democrat-socialists for their own citizenship plus grants so they can pretend to study but actually drop out and get into the US welfare system. They come to America to go on the welfare and sell drugs not to help America. The derelicts have already destroyed Mexico and Haiti that way.
8. Make it illegal for corporate officers and employee unions to influence their salary decisions other that through the economic performance for the taxpayers and other investors.
9. Since the Federal Energy department and the Education department were created the Federal Commissars have destroyed Energy and Education. Eliminate these to federal bureaucracies.
10. Fire all the Obama Czars and FED commissars and government employees involved in housing, Freddie, and Fannie.
World Markets this week:
Riots continue across the socialist Islamic world as Obama maintains cuts of American production of gas and oil. Obama's former compatriots in Moslem states will return to the Stone Age and will no longer threaten the world when their oil runs out.
Jack Welch former GE president (before GE became a foreign stooge of socialist expansion) said yesterday that Obama unionized 43,000 TSA workers in the stroke of his pen right after he said he would be more pro-business. He said it was a presidential card-check and was another union of government workers. He said the Wisconsin Democrats who fled their state are clueless and irresponsible.
Energy is now the highest tax on the American economy as it has been for years in socialist countries who use energy policy as political power just as Obama does by punishing Americans in the southern energy rich states for voting against his policies of socialism, racism (against people with a work ethic), and stupidity. Obama is punishing Americans in the south for their rejection of his socialism and welfare policies.
US Economy
This week
Personal Income Jan up 1.0% better than last month's 0.4%
Personal Spending Jan advanced a weak 0.2% compared with 0.7% last month
PCE Prices - Core Jan up 0.1% after no increase last month
Chicago PMI Feb up to 71.2 from 68.8 last month, possible political manipulation going on again in Chicago.
Pending Home Sales Dec fell again -2.8%
Yesterday
Construction Spending Jan -0.7% vs. -2.5% last month. That is horrible because the spending is still getting lower after two years of declines. Obama is incredibly incompetent for allowing Freddie and Fannie to continue to destroy this American sector. All the Obama Czars and FED commissars involved should be fired.
ISM Index Feb 61.4 another area the socialists fudge to lie just as all socialist bureaucrats are required to do.
Auto Sales Mar - up relative to last year and on track for 12 million cars down from 16 million before the Obama depression.
Truck Sales Mar - Also up from last year but still down about 25%. High gasoline prices will now begin to hurt car and truck sales.
MBA Mortgage Index 02/25 fell -6.5%
Challenger Job Cuts Feb improved 20.0% last month
ADP Employment Change Feb improved slightly to 217K from 187Kthe previous month. We need over 400K to recover
Crude Inventories 02/26 fell -0.364M after improving 0.822M last month
Mar 2 2:00 PM Fed's Beige Book Mar says they will stick with the failed Japanese style spending plan. The money from the FED is swamping financial markets and inflating the cost of investment. Corporations will not hire while QE2 goes on because it is better to buy up weak competitors with all the FED cash.
Today
Mar 3 8:30 AM Initial Claims 02/26
Mar 3 8:30 AM Continuing Claims 02/19
Mar 3 8:30 AM Productivity-Rev. Q4
Mar 3 8:30 AM Unit Labor Costs - Revised Q4
Mar 3 10:00 AM ISM Services Feb
This week
Mar 4 8:30 AM Nonfarm Payrolls Feb
Mar 4 8:30 AM Nofarm Private Payrolls Feb
Mar 4 8:30 AM Nonfarm Private Payrolls Feb
Mar 4 8:30 AM Unemployment Rate Feb
Mar 4 8:30 AM Average Workweek Feb
Mar 4 8:30 AM Hourly Earnings Feb
Mar 4 10:00 AM Factory Orders Jan
Market Outlook March 3, 2011
Net cash flow is again apparently out of the market. The market broke through the first 20-dma resistance line last week but we need to watch for follow through with the 50-dma for an additional estimated 10% decline. We estimate support before the decline hits 16% total. The current 50-dma support has lasted a few days. But the real problem is profligate Democratic-socialist spending here and abroad. In America the crisis will only grow until the city and state fiscal budgets are approved this summer.
Look at the past year: Note that the market is now testing the 50 dma. We think the next support level will be down to Nov 4 levels or lower.
http://finance.yahoo.com/echarts?s=%5ENYA+Interactive#chart2:symbo yel=^nya;range=1y;indicator=ema(50,20)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
We are prepared to buy individual stocks on significant declines. Some stocks are already buying opportunities and worth taking. But we do not think this bottom is past. That could be another 6.5% lower. However we would buy stocks now on declines whenever opportunity knocks.
World Markets
Asian markets were up last night. China down -0.4%, Hong Kong up 0.3%, India up 0.2 %, and Japan up 0.9%,
European markets are up this morning in a range of about 0.0% to 1.4% half way through their day.
US pre-market futures are up 0.5% to 0.7% at 7:00 AM EST.
Masaali Shirakawa said, "The so-called credit easing (QE2) adopted by the Federal Reserve is essentially the same thing we did."
Obama and Bernanke lied to the American people when they said running up a USA deficit would prevent the Japan problem of two lost decades of stagnation. They are doing exactly what Japan did. Japan now owes more than 80% of their GDP. Obama and Bernanke lied to the American people and said we can spend our way out of the recession but Masaali Shirakawa said that is what Japan is still doing after more than 20 years of profligate socialist spending like Greece and Ireland. This is why we need to throw the lying corrupt socialists out. Obama's administration is stupid, incompetent or both and they are just lying idiots like most socialist community activists.
Previously we reported that Warren Buffett, who supported Goldman Sachs Group Inc. during the financial crisis with a capital injection and public praise, had his trust in the investment bank betrayed by corrupt Goldman Sucks Indian traders the same day that he spoke to them. Then the WSJ came out with a story that the current P&G Director, Rajat Gupta (the former corrupt Goldman Sucks trader) telephoned Raj Rajaratam of Galleon for a $900,000 profit on the illegal breach of client confidence. The majority of those arrested so far seem to be immigrants from India who do not share American character and honesty traits and have infected Wall Street with their socialist commissar superiority based entirely on cheating others. That is not the American way so how do we get these entirely corrupt foreign socialists out of Wall Street. Clearly we need to arrest them and put them in jail and throw away the keys. The Indian pompous socialist sophists need to be stopped from destroying our culture which has enjoyed unprecedented freedoms simply from the fact that free enterprise is based on honesty and trust and cannot survive socialist corruption and pomposity.
GE formerly GE/MSNBC/Pravda is the US architect of crony capitalism. Socialist Imelted is now the chief Obama business advisor telling Obama how to bleed hard working Americans dry to pay off corrupt unions with tax revenue and reward crony capitalists with contracts.
.
How to balance the USA budget:
1. Throw out every single Democrat-socialist politician: Federal, State, and Locally.
2. NASA should be cut sharply so they learn to get out of socialist politics and go back to real science. It is now the socialist junk science poster child of our be-happy schools were 40% of the Obama be-happy kids drop out and a work ethic and personal character are considered passe dinosaurs like Jefferson, Madison and Lincoln. Today Lincoln gets one paragraph in American history and Clinton gets two pages just for his gay rights.
3. State, city, teachers, and security/safety workers should not be allowed to have unions just as they did not have unions until the beatniks of the late 1960's. The USA had an excellent school system before 1970 and had no immigration problem from be-happy banana republics until the 1960-70 drug culture took over US education.
4. Lay off 20% of state and federal workers this year and another 20% next year.
5. Break up Goldman Sachs and AIG and return the cash to the American treasury that bailed them out.
6. Withdraw Obama care legislation.
7. Send all the ignorant/criminal be-happy illegal immigrants' back to their socialist banana republic drug cartels where they come from. They don't want to work, they want to sell Mexican drugs and take over Texas. Thousands come to Texas every year just to have their children born in America so they can claim the child as an American citizen and appeal to the lunatic democrat-socialists for their own citizenship plus grants so they can pretend to study but actually drop out and get into the US welfare system. They come to America to go on the welfare and sell drugs not to help America. The derelicts have already destroyed Mexico and Haiti that way.
8. Make it illegal for corporate officers and employee unions to influence their salary decisions other that through the economic performance for the taxpayers and other investors.
9. Since the Federal Energy department and the Education department were created the Federal Commissars have destroyed Energy and Education. Eliminate these to federal bureaucracies.
10. Fire all the Obama Czars and FED commissars and government employees involved in housing, Freddie, and Fannie.
World Markets this week:
Riots continue across the socialist Islamic world as Obama maintains cuts of American production of gas and oil. Obama's former compatriots in Moslem states will return to the Stone Age and will no longer threaten the world when their oil runs out.
Jack Welch former GE president (before GE became a foreign stooge of socialist expansion) said yesterday that Obama unionized 43,000 TSA workers in the stroke of his pen right after he said he would be more pro-business. He said it was a presidential card-check and was another union of government workers. He said the Wisconsin Democrats who fled their state are clueless and irresponsible.
Energy is now the highest tax on the American economy as it has been for years in socialist countries who use energy policy as political power just as Obama does by punishing Americans in the southern energy rich states for voting against his policies of socialism, racism (against people with a work ethic), and stupidity. Obama is punishing Americans in the south for their rejection of his socialism and welfare policies.
US Economy
This week
Personal Income Jan up 1.0% better than last month's 0.4%
Personal Spending Jan advanced a weak 0.2% compared with 0.7% last month
PCE Prices - Core Jan up 0.1% after no increase last month
Chicago PMI Feb up to 71.2 from 68.8 last month, possible political manipulation going on again in Chicago.
Pending Home Sales Dec fell again -2.8%
Yesterday
Construction Spending Jan -0.7% vs. -2.5% last month. That is horrible because the spending is still getting lower after two years of declines. Obama is incredibly incompetent for allowing Freddie and Fannie to continue to destroy this American sector. All the Obama Czars and FED commissars involved should be fired.
ISM Index Feb 61.4 another area the socialists fudge to lie just as all socialist bureaucrats are required to do.
Auto Sales Mar - up relative to last year and on track for 12 million cars down from 16 million before the Obama depression.
Truck Sales Mar - Also up from last year but still down about 25%. High gasoline prices will now begin to hurt car and truck sales.
MBA Mortgage Index 02/25 fell -6.5%
Challenger Job Cuts Feb improved 20.0% last month
ADP Employment Change Feb improved slightly to 217K from 187Kthe previous month. We need over 400K to recover
Crude Inventories 02/26 fell -0.364M after improving 0.822M last month
Mar 2 2:00 PM Fed's Beige Book Mar says they will stick with the failed Japanese style spending plan. The money from the FED is swamping financial markets and inflating the cost of investment. Corporations will not hire while QE2 goes on because it is better to buy up weak competitors with all the FED cash.
Today
Mar 3 8:30 AM Initial Claims 02/26
Mar 3 8:30 AM Continuing Claims 02/19
Mar 3 8:30 AM Productivity-Rev. Q4
Mar 3 8:30 AM Unit Labor Costs - Revised Q4
Mar 3 10:00 AM ISM Services Feb
This week
Mar 4 8:30 AM Nonfarm Payrolls Feb
Mar 4 8:30 AM Nofarm Private Payrolls Feb
Mar 4 8:30 AM Nonfarm Private Payrolls Feb
Mar 4 8:30 AM Unemployment Rate Feb
Mar 4 8:30 AM Average Workweek Feb
Mar 4 8:30 AM Hourly Earnings Feb
Mar 4 10:00 AM Factory Orders Jan
Market Outlook March 3, 2011
Net cash flow is again apparently out of the market. The market broke through the first 20-dma resistance line last week but we need to watch for follow through with the 50-dma for an additional estimated 10% decline. We estimate support before the decline hits 16% total. The current 50-dma support has lasted a few days. But the real problem is profligate Democratic-socialist spending here and abroad. In America the crisis will only grow until the city and state fiscal budgets are approved this summer.
Look at the past year: Note that the market is now testing the 50 dma. We think the next support level will be down to Nov 4 levels or lower.
http://finance.yahoo.com/echarts?s=%5ENYA+Interactive#chart2:symbo yel=^nya;range=1y;indicator=ema(50,20)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
We are prepared to buy individual stocks on significant declines. Some stocks are already buying opportunities and worth taking. But we do not think this bottom is past. That could be another 6.5% lower. However we would buy stocks now on declines whenever opportunity knocks.
World Markets
Asian markets were up last night. China down -0.4%, Hong Kong up 0.3%, India up 0.2 %, and Japan up 0.9%,
European markets are up this morning in a range of about 0.0% to 1.4% half way through their day.
US pre-market futures are up 0.5% to 0.7% at 7:00 AM EST.
Wednesday, March 2, 2011
Warren Buffett said his trust in the Goldman Sucks was betrayed by corrupt insider trading that leaked his confidential business.
Warren Buffett said his trust in the Goldman Sucks was betrayed by corrupt insider trading that leaked his confidential business.
Warren Buffett, who supported Goldman Sachs Group Inc. during the financial crisis with a capital injection and public praise, had his trust in the investment bank betrayed by an insider trading the same day he spoke to them. This is consistent with Goldman Sucks public admission that they like to bet against their stupid clients. Today Buffet mentioned our 16 recessions, which I published here, and last year to show how resilient free enterprise is. It also points out how stupid Obama and the leftists were to say this recession shows the failure of free enterprise. Remember when I pointed out that the USSR never had an economic downturn because it was in one continuous 50-year socialist depression.
GE formerly GE/MSNBC/Pravda is the US architect of crony capitalism. Socialist Imelted is now the chief Obama business advisor telling Obama how to bleed hard working Americans dry to pay off corrupt unions with tax revenue and reward crony capitalists with contracts.
.
How to balance the USA budget:
1. Throw out every single Democrat-socialist politician: Federal, State, and Locally.
2. NASA should be cut sharply so they learn to get out of socialist politics and go back to real science. It is now the socialist junk science poster child of our be-happy schools were 40% of the Obama be-happy kids drop out and a work ethic and personal character are considered passe dinosaurs like Jefferson, Madison and Lincoln. Today Lincoln gets one paragraph in American history and Clinton gets two pages just for his gay rights.
3. State, city, teachers, and security/safety workers should not be allowed to have unions just as they did not have unions until the beatniks of the late 1960's. The USA had an excellent school system before 1970 and had no immigration problem from be-happy banana republics until the 1960-70 drug culture took over US education.
4. Lay off 20% of state and federal workers this year and another 20% next year.
5. Break up Goldman Sachs and AIG and return the cash to the American treasury that bailed them out.
6. Withdraw Obama care legislation.
7. Send all the ignorant/criminal be-happy illegal immigrants' back to their socialist banana republic drug cartels where they come from. They don't want to work, they want to sell Mexican drugs and take over Texas. Thousands come to Texas every year just to have their children born in America so they can claim the child as an American citizen and appeal to the lunatic democrat-socialists for their own citizenship plus grants so they can pretend to study but actually drop out and get into the US welfare system. They come to America to go on the welfare and sell drugs not to help America. The derelicts have already destroyed Mexico and Haiti that way.
8. Make it illegal for corporate officers and employee unions to influence their salary decisions other that through the economic performance for the taxpayers and other investors.
9. Since the Federal Energy department and the Education department were created the Federal Commissars have destroyed Energy and Education. Eliminate these to federal bureaucracies.
10. Fire all the Obama Czars and FED commissars and government employees involved in housing, Freddie, and Fannie.
World Markets this week:
Riots continue across the socialist Islamic world as Obama maintains cuts of American production of gas and oil. Obama's former compatriots in Moslem states will return to the Stone Age and will no longer threaten the world when their oil runs out. Obama himself is a stone-age throwback.
Jack Welch former GE president (before GE became a foreign stooge of socialist expansion) said yesterday that Obama unionized 43,000 TSA workers in the stroke of his pen right after he said he would be more pro-business. He said it was a presidential card-check and was another union of government workers. He said the Wisconsin Democrats who fled their state are clueless and irresponsible.
Energy is now the highest tax on the American economy as it has been for years in socialist countries who use energy policy as political power just as Obama does by punishing Americans in the southern energy rich states for voting against his policies of socialism, racism (against people with a work ethic), and stupidity. Obama is punishing Americans in the south for their rejection of his socialism and welfare policies.
US Economy
This week
Personal Income Jan up 1.0% better than last month's 0.4%
Personal Spending Jan advanced a weak 0.2% compared with 0.7% last month
PCE Prices - Core Jan up 0.1% after no increase last month
Chicago PMI Feb up to 71.2 from 68.8 last month, possible political manipulation going on again in Chicago.
Pending Home Sales Dec fell again -2.8%
Yesterday
Construction Spending Jan -0.7% vs. -2.5% last month. That is horrible because the spending is still getting lower after two years of declines. Obama is incredibly incompetent for allowing Freddie and Fannie to continue to destroy this American sector. All the Obama Czars and FED commissars involved should be fired.
ISM Index Feb 61.4 another area the socialists fudge to lie just as all socialist bureaucrats are required to do.
Auto Sales Mar - up relative to last year and on track for 12 million cars down from 16 million before the Obama depression.
Truck Sales Mar - Also up from last year but still down about 25%. High gasoline prices will now begin to hurt car and truck sales.
Today
Mar 2 7:00 AM MBA Mortgage Index 02/25 fell -6.5% after improving last month by +13.2%
Mar 2 7:30 AM Challenger Job Cuts Feb
Mar 2 8:15 AM ADP Employment Change Feb
Mar 2 10:30 AM Crude Inventories 02/26
Mar 2 2:00 PM Fed's Beige Book Mar
This week
Mar 3 8:30 AM Initial Claims 02/26
Mar 3 8:30 AM Continuing Claims 02/19
Mar 3 8:30 AM Productivity-Rev. Q4
Mar 3 8:30 AM Unit Labor Costs - Revised Q4
Mar 3 10:00 AM ISM Services Feb
Mar 4 8:30 AM Nonfarm Payrolls Feb
Mar 4 8:30 AM Nofarm Private Payrolls Feb
Mar 4 8:30 AM Nonfarm Private Payrolls Feb
Mar 4 8:30 AM Unemployment Rate Feb
Mar 4 8:30 AM Average Workweek Feb
Mar 4 8:30 AM Hourly Earnings Feb
Mar 4 10:00 AM Factory Orders Jan
Market Outlook March 2, 2011
The last and first days of the month are days when corporate 401 plan flow money into the stock market. But it seems it did not happen this month because the market fell on 23% higher volume yesterday after the first resistance bounce.
Net cash flow is again apparently out of the market. The market broke through the first 20-dma resistance line last Tuesday but we need to watch for follow through with the 50-dma for an additional estimated 10% decline. We estimate support before the decline hits 16% total. The current 50-dma support could last a few days. But the real problem is profligate Democratic-socialist spending here and abroad. In America the crisis will only grow until the city and state fiscal budgets are approved this summer.
Look at the past year:
http://finance.yahoo.com/echarts?s=%5ENYA+Interactive#chart2:symbo yel=^nya;range=1y;indicator=ema(50,20)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
We expect a small bounce off the 50dma line within days. Then we think the next support level will be way down to Nov 4 levels or lower.
We are prepared to buy individual stocks on significant declines. Some stocks are already buying opportunities and worth taking. But we do not think this bottom is past. That could be another 6.5% lower. However we would buy stocks now on declines whenever opportunity knocks.
World Markets
Asian markets were down last night. China down -0.2%, Hong Kong down -1.5%, Taiwan down -1.2 %, and Japan down -2.4%,
European markets are down this morning in a range of about -0.4% to -1.1% half way through their day.
US pre-market futures are up about 0.2% at 8:00 AM EST.
Warren Buffett, who supported Goldman Sachs Group Inc. during the financial crisis with a capital injection and public praise, had his trust in the investment bank betrayed by an insider trading the same day he spoke to them. This is consistent with Goldman Sucks public admission that they like to bet against their stupid clients. Today Buffet mentioned our 16 recessions, which I published here, and last year to show how resilient free enterprise is. It also points out how stupid Obama and the leftists were to say this recession shows the failure of free enterprise. Remember when I pointed out that the USSR never had an economic downturn because it was in one continuous 50-year socialist depression.
GE formerly GE/MSNBC/Pravda is the US architect of crony capitalism. Socialist Imelted is now the chief Obama business advisor telling Obama how to bleed hard working Americans dry to pay off corrupt unions with tax revenue and reward crony capitalists with contracts.
.
How to balance the USA budget:
1. Throw out every single Democrat-socialist politician: Federal, State, and Locally.
2. NASA should be cut sharply so they learn to get out of socialist politics and go back to real science. It is now the socialist junk science poster child of our be-happy schools were 40% of the Obama be-happy kids drop out and a work ethic and personal character are considered passe dinosaurs like Jefferson, Madison and Lincoln. Today Lincoln gets one paragraph in American history and Clinton gets two pages just for his gay rights.
3. State, city, teachers, and security/safety workers should not be allowed to have unions just as they did not have unions until the beatniks of the late 1960's. The USA had an excellent school system before 1970 and had no immigration problem from be-happy banana republics until the 1960-70 drug culture took over US education.
4. Lay off 20% of state and federal workers this year and another 20% next year.
5. Break up Goldman Sachs and AIG and return the cash to the American treasury that bailed them out.
6. Withdraw Obama care legislation.
7. Send all the ignorant/criminal be-happy illegal immigrants' back to their socialist banana republic drug cartels where they come from. They don't want to work, they want to sell Mexican drugs and take over Texas. Thousands come to Texas every year just to have their children born in America so they can claim the child as an American citizen and appeal to the lunatic democrat-socialists for their own citizenship plus grants so they can pretend to study but actually drop out and get into the US welfare system. They come to America to go on the welfare and sell drugs not to help America. The derelicts have already destroyed Mexico and Haiti that way.
8. Make it illegal for corporate officers and employee unions to influence their salary decisions other that through the economic performance for the taxpayers and other investors.
9. Since the Federal Energy department and the Education department were created the Federal Commissars have destroyed Energy and Education. Eliminate these to federal bureaucracies.
10. Fire all the Obama Czars and FED commissars and government employees involved in housing, Freddie, and Fannie.
World Markets this week:
Riots continue across the socialist Islamic world as Obama maintains cuts of American production of gas and oil. Obama's former compatriots in Moslem states will return to the Stone Age and will no longer threaten the world when their oil runs out. Obama himself is a stone-age throwback.
Jack Welch former GE president (before GE became a foreign stooge of socialist expansion) said yesterday that Obama unionized 43,000 TSA workers in the stroke of his pen right after he said he would be more pro-business. He said it was a presidential card-check and was another union of government workers. He said the Wisconsin Democrats who fled their state are clueless and irresponsible.
Energy is now the highest tax on the American economy as it has been for years in socialist countries who use energy policy as political power just as Obama does by punishing Americans in the southern energy rich states for voting against his policies of socialism, racism (against people with a work ethic), and stupidity. Obama is punishing Americans in the south for their rejection of his socialism and welfare policies.
US Economy
This week
Personal Income Jan up 1.0% better than last month's 0.4%
Personal Spending Jan advanced a weak 0.2% compared with 0.7% last month
PCE Prices - Core Jan up 0.1% after no increase last month
Chicago PMI Feb up to 71.2 from 68.8 last month, possible political manipulation going on again in Chicago.
Pending Home Sales Dec fell again -2.8%
Yesterday
Construction Spending Jan -0.7% vs. -2.5% last month. That is horrible because the spending is still getting lower after two years of declines. Obama is incredibly incompetent for allowing Freddie and Fannie to continue to destroy this American sector. All the Obama Czars and FED commissars involved should be fired.
ISM Index Feb 61.4 another area the socialists fudge to lie just as all socialist bureaucrats are required to do.
Auto Sales Mar - up relative to last year and on track for 12 million cars down from 16 million before the Obama depression.
Truck Sales Mar - Also up from last year but still down about 25%. High gasoline prices will now begin to hurt car and truck sales.
Today
Mar 2 7:00 AM MBA Mortgage Index 02/25 fell -6.5% after improving last month by +13.2%
Mar 2 7:30 AM Challenger Job Cuts Feb
Mar 2 8:15 AM ADP Employment Change Feb
Mar 2 10:30 AM Crude Inventories 02/26
Mar 2 2:00 PM Fed's Beige Book Mar
This week
Mar 3 8:30 AM Initial Claims 02/26
Mar 3 8:30 AM Continuing Claims 02/19
Mar 3 8:30 AM Productivity-Rev. Q4
Mar 3 8:30 AM Unit Labor Costs - Revised Q4
Mar 3 10:00 AM ISM Services Feb
Mar 4 8:30 AM Nonfarm Payrolls Feb
Mar 4 8:30 AM Nofarm Private Payrolls Feb
Mar 4 8:30 AM Nonfarm Private Payrolls Feb
Mar 4 8:30 AM Unemployment Rate Feb
Mar 4 8:30 AM Average Workweek Feb
Mar 4 8:30 AM Hourly Earnings Feb
Mar 4 10:00 AM Factory Orders Jan
Market Outlook March 2, 2011
The last and first days of the month are days when corporate 401 plan flow money into the stock market. But it seems it did not happen this month because the market fell on 23% higher volume yesterday after the first resistance bounce.
Net cash flow is again apparently out of the market. The market broke through the first 20-dma resistance line last Tuesday but we need to watch for follow through with the 50-dma for an additional estimated 10% decline. We estimate support before the decline hits 16% total. The current 50-dma support could last a few days. But the real problem is profligate Democratic-socialist spending here and abroad. In America the crisis will only grow until the city and state fiscal budgets are approved this summer.
Look at the past year:
http://finance.yahoo.com/echarts?s=%5ENYA+Interactive#chart2:symbo yel=^nya;range=1y;indicator=ema(50,20)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
We expect a small bounce off the 50dma line within days. Then we think the next support level will be way down to Nov 4 levels or lower.
We are prepared to buy individual stocks on significant declines. Some stocks are already buying opportunities and worth taking. But we do not think this bottom is past. That could be another 6.5% lower. However we would buy stocks now on declines whenever opportunity knocks.
World Markets
Asian markets were down last night. China down -0.2%, Hong Kong down -1.5%, Taiwan down -1.2 %, and Japan down -2.4%,
European markets are down this morning in a range of about -0.4% to -1.1% half way through their day.
US pre-market futures are up about 0.2% at 8:00 AM EST.
Tuesday, March 1, 2011
Jack Welch said the Wisconsin Democrats who fled their state are clueless and irresponsible.
Jack Welch said the Wisconsin Democrats who fled their state are clueless and irresponsible.
Jack Welch, former GE president before GE became a foreign stooge of socialist expansion, said today that Obama unionized 43,000 TSA workers in the stroke of his pen right after he said he would be more pro-business. He said it was a presidential card-check and was another union of government workers. He said the Wisconsin Democrats who fled their state to avoid cutting public sector cuts are clueless and irresponsible.
Government deficits are a major long-term worry of the very top U.S. government economists, who don't know their head from a hole in the ground, according to a survey released Monday. The survey of 47 top bureaucrat economists by the National Association of Business Economics predicted that the Federal deficit will jump to $1.4 trillion this fiscal year ending this September. In November they had forecast a $1.1 trillion deficit. The economists' forecast is still grossly optimistic considering that more than a month ago they heard the latest projection of a $1.5 trillion gap from the nonpartisan Congressional Budget Office. These economists are 75% socialists who try to guess what the party line is and are basically clueless. Obama is clueless and that is why he picks clueless advisors who tell him nice community activist success stories like how they help locals get away with their insurance fraud schemes.
Those socialists gave and still give their grossly erroneous forecast to pretend they are succeeding while in fact they are more inept than the Carter administration that invented economic malaise. State and local government budget deficits and debt was the second biggest worry after Obama waste.
Obama claimed he was saving jobs and helping the economy by pumping over $1Trillion into Acorn type shovel ready infra structure building which turned out to be the toilet bowls of community activism for welfare handouts, union pension funding, and state and city bailouts of government worker unions such that all the pain was felt in private sector and all the gain was felt by incompetent community activists and incompetent government workers and unions. Now Obama and Goldman Sucks claims that cutting that toilet bowl spending will hurt the economy. It hasn't helped so how could cutting that waste possibly hurt? The stupid unethical economic belief system of Obama and Goldman Sachs is what is destroying the entire free world not just America.
How to balance the USA budget:
1. Throw out every single Democrat-socialist politician Federal, State, and Locally.
2. NASA should be cut sharply so they learn to get out of socialist politics and go back to real science. NASA has been taken over by the hysterical socialist pseudo-environmentalists. It is the socialist junk science product of our be-happy schools were 40% of the Obama be-happy kids drop out.
3. State, city, teachers, and security/safety workers should not be allowed to have unions just as they did not have unions until the beatniks of the late 1960's. The USA had an excellent school system before 1970 and had no immigration problem from be-happy banana republics until the 1960-70 drug culture took over US education.
4. Lay off 20% of state and federal workers this year and another 20% next year.
5. Break up Goldman Sachs and AIG and return the cash to the American treasury that bailed them out.
6. Withdraw Obama care legislation.
7. Send all the ignorant/criminal be-happy illegal immigrants' back to their socialist banana republic drug cartels where they come from. They don't want to work, they want to sell Mexican drugs and take over Texas. Thousands come to Texas every year just to have their children born in America so they can claim the child as an American citizen and appeal to the lunatic democrat-socialists for their own citizenship plus grants so they can pretend to study but actually drop out and get into the US welfare system. They come to America to go on the welfare and sell drugs not to help America. The derelicts have already destroyed Mexico and Haiti that way.
8. Make it illegal for corporate officers and employee unions to influence their salary decisions other that through the economic performance for the taxpayers and other investors.
World Markets this week:
Riots continue across the socialist Islamic world as Obama maintains cuts of American production of gas and oil. Obama's former compatriots in Moslem states will return to the Stone Age and will no longer threaten the world when their oil runs out. Obama himself is a stone-age throwback.
Jack Welch former GE president before GE became a foreign stooge of socialist expansion said today that Obama unionized 43,000 TSA workers in the stroke of his pen right after he said he would be more pro-business. He said it was a presidential card-check and was another union of government workers. He said the Wisconsin Democrats who fled their state are clueless and irresponsible.
Energy is now the highest tax on the American economy as it has been for years in socialist countries who use energy policy as political power just as Obama does by punishing Americans in the southern energy rich states for voting against his policies of socialism, racism (against people with a work ethic), and stupidity. Obama is punishing Americans in the south for their rejection of his socialism and welfare policies.
US Economy
Yesterday
Personal Income Jan up 1.0% better than last month's 0.4%
Personal Spending Jan advanced a weak 0.2% compared with 0.7% last month
PCE Prices - Core Jan up 0.1% after no increase last month
Chicago PMI Feb up to 71.2 from 68.8 last month, possible political manipulation going on again in Chicago.
Pending Home Sales Dec fell again -2.8%
Today
Mar 1 10:00 AM Construction Spending Jan
Mar 1 10:00 AM ISM Index Feb
Mar 1 3:00 PM Auto Sales Mar
Mar 1 3:00 PM Truck Sales Mar
This week
Mar 2 7:00 AM MBA Mortgage Index 02/25
Mar 2 7:30 AM Challenger Job Cuts Feb
Mar 2 8:15 AM ADP Employment Change Feb
Mar 2 10:30 AM Crude Inventories 02/26
Mar 2 2:00 PM Fed's Beige Book Mar
Mar 3 8:30 AM Initial Claims 02/26
Mar 3 8:30 AM Continuing Claims 02/19
Mar 3 8:30 AM Productivity-Rev. Q4
Mar 3 8:30 AM Unit Labor Costs - Revised Q4
Mar 3 10:00 AM ISM Services Feb
Mar 4 8:30 AM Nonfarm Payrolls Feb
Mar 4 8:30 AM Nofarm Private Payrolls Feb
Mar 4 8:30 AM Nonfarm Private Payrolls Feb
Mar 4 8:30 AM Unemployment Rate Feb
Mar 4 8:30 AM Average Workweek Feb
Mar 4 8:30 AM Hourly Earnings Feb
Mar 4 10:00 AM Factory Orders Jan
Market Outlook March 1, 2011
Yesterday and today are days when corporate 401 plan flow money into the stock market. You would think corporations would be smarter and spread their fund flows around so that their employees get lower entry costs. But they are not. And when their employees all sell again at the same time their corporations will all take them out of the market at the same time so the employees will always get less. This is also another way places like Goldman Sucks can use inside information to take advantage of the corporation Lemmings as they run over the cliffs.
Volume dropped 20% as stocks recovered slightly again. Net cash flow is again out of the market. The market broke through the first 20-dma resistance line last Tuesday but we need to watch for follow through with the 50-dma for an additional estimated 10% decline. We estimate support before the decline hits 16% total. The current 50-dma support could last a few days. But the real problem is profligate Democratic-socialist spending here and abroad. In America the crisis will only grow until the city and state fiscal budgets are approved this summer.
Look at the past year:
http://finance.yahoo.com/echarts?s=%5ENYA+Interactive#chart2:symbo yel=^nya;range=1y;indicator=ema(50,20)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
We are prepared to buy stocks on a significant decline. Some stocks are already buying opportunities and worth taking. But we do not think this bottom is past. That could be another 7% lower. However we would buy stocks now on declines whenever opportunity knocks.
World Markets
Asian markets were up slightly last night. China up 0.5%, Hong Kong up 0.3%, Seoul down -1.2 %, and Japan up 1.2%,
European markets are mixed this morning in a range of about -0.2% to 0.2% half way through their day.
US pre-market futures are up about 0.3% at 8:00 AM EST.
Jack Welch, former GE president before GE became a foreign stooge of socialist expansion, said today that Obama unionized 43,000 TSA workers in the stroke of his pen right after he said he would be more pro-business. He said it was a presidential card-check and was another union of government workers. He said the Wisconsin Democrats who fled their state to avoid cutting public sector cuts are clueless and irresponsible.
Government deficits are a major long-term worry of the very top U.S. government economists, who don't know their head from a hole in the ground, according to a survey released Monday. The survey of 47 top bureaucrat economists by the National Association of Business Economics predicted that the Federal deficit will jump to $1.4 trillion this fiscal year ending this September. In November they had forecast a $1.1 trillion deficit. The economists' forecast is still grossly optimistic considering that more than a month ago they heard the latest projection of a $1.5 trillion gap from the nonpartisan Congressional Budget Office. These economists are 75% socialists who try to guess what the party line is and are basically clueless. Obama is clueless and that is why he picks clueless advisors who tell him nice community activist success stories like how they help locals get away with their insurance fraud schemes.
Those socialists gave and still give their grossly erroneous forecast to pretend they are succeeding while in fact they are more inept than the Carter administration that invented economic malaise. State and local government budget deficits and debt was the second biggest worry after Obama waste.
Obama claimed he was saving jobs and helping the economy by pumping over $1Trillion into Acorn type shovel ready infra structure building which turned out to be the toilet bowls of community activism for welfare handouts, union pension funding, and state and city bailouts of government worker unions such that all the pain was felt in private sector and all the gain was felt by incompetent community activists and incompetent government workers and unions. Now Obama and Goldman Sucks claims that cutting that toilet bowl spending will hurt the economy. It hasn't helped so how could cutting that waste possibly hurt? The stupid unethical economic belief system of Obama and Goldman Sachs is what is destroying the entire free world not just America.
How to balance the USA budget:
1. Throw out every single Democrat-socialist politician Federal, State, and Locally.
2. NASA should be cut sharply so they learn to get out of socialist politics and go back to real science. NASA has been taken over by the hysterical socialist pseudo-environmentalists. It is the socialist junk science product of our be-happy schools were 40% of the Obama be-happy kids drop out.
3. State, city, teachers, and security/safety workers should not be allowed to have unions just as they did not have unions until the beatniks of the late 1960's. The USA had an excellent school system before 1970 and had no immigration problem from be-happy banana republics until the 1960-70 drug culture took over US education.
4. Lay off 20% of state and federal workers this year and another 20% next year.
5. Break up Goldman Sachs and AIG and return the cash to the American treasury that bailed them out.
6. Withdraw Obama care legislation.
7. Send all the ignorant/criminal be-happy illegal immigrants' back to their socialist banana republic drug cartels where they come from. They don't want to work, they want to sell Mexican drugs and take over Texas. Thousands come to Texas every year just to have their children born in America so they can claim the child as an American citizen and appeal to the lunatic democrat-socialists for their own citizenship plus grants so they can pretend to study but actually drop out and get into the US welfare system. They come to America to go on the welfare and sell drugs not to help America. The derelicts have already destroyed Mexico and Haiti that way.
8. Make it illegal for corporate officers and employee unions to influence their salary decisions other that through the economic performance for the taxpayers and other investors.
World Markets this week:
Riots continue across the socialist Islamic world as Obama maintains cuts of American production of gas and oil. Obama's former compatriots in Moslem states will return to the Stone Age and will no longer threaten the world when their oil runs out. Obama himself is a stone-age throwback.
Jack Welch former GE president before GE became a foreign stooge of socialist expansion said today that Obama unionized 43,000 TSA workers in the stroke of his pen right after he said he would be more pro-business. He said it was a presidential card-check and was another union of government workers. He said the Wisconsin Democrats who fled their state are clueless and irresponsible.
Energy is now the highest tax on the American economy as it has been for years in socialist countries who use energy policy as political power just as Obama does by punishing Americans in the southern energy rich states for voting against his policies of socialism, racism (against people with a work ethic), and stupidity. Obama is punishing Americans in the south for their rejection of his socialism and welfare policies.
US Economy
Yesterday
Personal Income Jan up 1.0% better than last month's 0.4%
Personal Spending Jan advanced a weak 0.2% compared with 0.7% last month
PCE Prices - Core Jan up 0.1% after no increase last month
Chicago PMI Feb up to 71.2 from 68.8 last month, possible political manipulation going on again in Chicago.
Pending Home Sales Dec fell again -2.8%
Today
Mar 1 10:00 AM Construction Spending Jan
Mar 1 10:00 AM ISM Index Feb
Mar 1 3:00 PM Auto Sales Mar
Mar 1 3:00 PM Truck Sales Mar
This week
Mar 2 7:00 AM MBA Mortgage Index 02/25
Mar 2 7:30 AM Challenger Job Cuts Feb
Mar 2 8:15 AM ADP Employment Change Feb
Mar 2 10:30 AM Crude Inventories 02/26
Mar 2 2:00 PM Fed's Beige Book Mar
Mar 3 8:30 AM Initial Claims 02/26
Mar 3 8:30 AM Continuing Claims 02/19
Mar 3 8:30 AM Productivity-Rev. Q4
Mar 3 8:30 AM Unit Labor Costs - Revised Q4
Mar 3 10:00 AM ISM Services Feb
Mar 4 8:30 AM Nonfarm Payrolls Feb
Mar 4 8:30 AM Nofarm Private Payrolls Feb
Mar 4 8:30 AM Nonfarm Private Payrolls Feb
Mar 4 8:30 AM Unemployment Rate Feb
Mar 4 8:30 AM Average Workweek Feb
Mar 4 8:30 AM Hourly Earnings Feb
Mar 4 10:00 AM Factory Orders Jan
Market Outlook March 1, 2011
Yesterday and today are days when corporate 401 plan flow money into the stock market. You would think corporations would be smarter and spread their fund flows around so that their employees get lower entry costs. But they are not. And when their employees all sell again at the same time their corporations will all take them out of the market at the same time so the employees will always get less. This is also another way places like Goldman Sucks can use inside information to take advantage of the corporation Lemmings as they run over the cliffs.
Volume dropped 20% as stocks recovered slightly again. Net cash flow is again out of the market. The market broke through the first 20-dma resistance line last Tuesday but we need to watch for follow through with the 50-dma for an additional estimated 10% decline. We estimate support before the decline hits 16% total. The current 50-dma support could last a few days. But the real problem is profligate Democratic-socialist spending here and abroad. In America the crisis will only grow until the city and state fiscal budgets are approved this summer.
Look at the past year:
http://finance.yahoo.com/echarts?s=%5ENYA+Interactive#chart2:symbo yel=^nya;range=1y;indicator=ema(50,20)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
We are prepared to buy stocks on a significant decline. Some stocks are already buying opportunities and worth taking. But we do not think this bottom is past. That could be another 7% lower. However we would buy stocks now on declines whenever opportunity knocks.
World Markets
Asian markets were up slightly last night. China up 0.5%, Hong Kong up 0.3%, Seoul down -1.2 %, and Japan up 1.2%,
European markets are mixed this morning in a range of about -0.2% to 0.2% half way through their day.
US pre-market futures are up about 0.3% at 8:00 AM EST.
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