Obama still has not presented Congress with a single written plan to incentivise job creation in the USA and to deincentivise other socialist run companies like GE from taking jobs to socialist countries. Obama likes to talk a lot but the only written proposals are what are known as OBAMACRAP that not even the democrats are willing to read.
This week Obama said he would provide Congress with a plan to pay for what he is spending provided it does not cost money until after he is gone.
World markets
China seems to be supporting their stock market recently to prevent high volatility.
Greece is now a third world nation and could be booted out of the EU.
The German market has become the weakest in recent weeks as they have underwritten much of the socialist debtor EU nations. Germany could swing very conservative if Greece and other socialist union controlled countries do not hunker down quickly.
Check your prospectus and avoid investment advisors who select funds with EU and other third world debt.
World markets are revisiting their lows and in some cases they set double bottoms. China tests last year’s low. http://finance.yahoo.com/echarts?s=000001.SS+Interactive#chart1:symbol=000001.ss;range=5y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
Germany resumes decline because they underwrite Greece.
http://finance.yahoo.com/echarts?s=^GDAXI+Interactive#chart1:symbol=^gdaxi;range=2y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
The Swiss government and central bank has a target for the Swiss franc to halt its. http://finance.yahoo.com/echarts?s=^SSMI+Interactive#chart2:symbol=^ssmi;range=2y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
Emerging markets show some resiliency.
http://finance.yahoo.com/echarts?s=^BVSP+Interactive#chart1:symbol=^bvsp;range=2y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
American Economy-
Last week
MBA Mortgage Index 09/03 -4.9% up considerably from last month’s -9.6%
Initial Claims 09/03 increased to 414K from 409K reported last week
Consumer Credit Jul rose to $12.0B from $11.3B last month
Sep 9 Wholesale Inventories Jul up 0.8% from being up 0.6% in June going from bad to worse.
This Week
Sep 13 8:30 AM Export Prices ex-ag. Aug
Sep 13 8:30 AM Import Prices ex-oil Aug
Sep 13 2:00 PM Treasury Budget Aug
Sep 14 7:00 AM MBA Mortgage Index
Sep 14 7:00 AM MBA Mortgage Purchase Index 09/10
Sep 14 8:30 AM PPI Aug
Sep 14 8:30 AM Core PPI Aug
Sep 14 8:30 AM Retail Sales Aug
Sep 14 8:30 AM Retail Sales ex-auto Aug
Sep 14 10:00 AM Business Inventories Jul
Sep 14 10:30 AM Crude Inventories 09/10
Sep 15 8:30 AM Initial Claims 09/10
Sep 15 8:30 AM Continuing Claims 09/03
Sep 15 8:30 AM CPI Aug
Sep 15 8:30 AM Core CPI Aug
Sep 15 8:30 AM Empire Manufacturing Sep
Sep 15 8:30 AM Current Account Balance Q2
Sep 15 9:15 AM Industrial Production Aug
Sep 15 9:15 AM Capacity Utilization Aug
Sep 15 10:00 AM Philadelphia Fed Sep
Sep 16 9:00 AM Net long-term TIC Flows Jul
Sep 16 9:55 AM Mich Sentiment
Market Outlook September 12 2011
Obama put a cloud over the markets by talking to his teleprompter and putting nothing in writing. Obama had MSNBC socialists and verbal bomb throwing terrorists labeling everyone running against him idiots and wingnuts so that Obama can fit in better. We expect Europe to calm down if Greece bites the bullet now or is decisively ejected from the EU.
The potential damage Obama gangster socialism can inflict on the world is still unlimited at this point. There is no place for exceptionalism to hide once Obama makes America just another gangster socialist state where exceptional people go to jail until they finally give up and confess to crimes against the state. But the world is waking up to Wingnut Barking Socialism that precedes the gangster socialism that Russia has. There will be dancing in the streets of America and around the world if the Senate socialists are thrown out along with Barking Obama in 2012.
We expect the VIX to continue to decline as the panic of smaller investors subsides similar to after the flash crash of May 6, 2010
http://finance.yahoo.com/q/bc?s=^VIX&t=2y&l=on&z=m&q=l&c=
We expect a normal advance of up to at least 50% of the total August decline. See:
http://finance.yahoo.com/q/ta?s=^NYA&t=1y&l=on&z=l&q=l&p=e50%2Ce100&a=&c=
Economic recovery the past two years was one of Obama’s big lies as he continued to divide Americans, destroyed the American economy with socialism and corruption, and barked at Congress and now barks and at the increasing numbers of disappointed voters. But could the bulk shipments finally be getting ready to break out? See 1yr chart at:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stocks were down last night. China closed, Hong Kong down -4.2%, India down –2.2%, and Japan down –2.3%.
On Friday after the Obama speech German stocks fell 4% and the French market fell 3.6%.
European markets are down today –2.2 TO –4.5% half way through their day.
.
American markets futures are down about -1.6% at 7:30 AM EST
Corporations have over $500 billion in cash to invest and it does not look like they will invest in jobs as long as Obamacrap socialized medicine and new Obamacrap taxes loom. Corporate cash hoards will provide needed liquidity as Obama gangsters disrupt banking. Obama is just stupid enough to destroy the cash position with his harassment tactics. That would certainly result in a world depression. Never underestimate Obama’s stupidity. That is why we say this is not the time for investors who worry a lot and could get ulcers.
Corporate cash can also be used to buy corporate stock or to fund mergers. Remember if the money multiplier effect is 20:1(the new invested money effectively changes hands 20 times) that $500billion becomes $10Trillion so it would only take 10% of the corporations to buy back and to put $1trillion into the stock market
Monday, September 12, 2011
Friday, September 9, 2011
Asia and Europe today responded negatively to the immensity and density of Obama’s stupidity.
Asia and Europe today responded negatively to the immensity and density of Obama’s stupidity. He just cannot learn that all stimulation must be in incentives to small business. Instead Obama had GE’s socialist CEO, Immelt, sitting with his wife during the speech. Immelt has moved more American jobs overseas than any other CEO and just move two entire divisions of GE to China. While Obama has a 35% corporate tax on loyal American companies GE paid only 3% last year. And Obama has socialist Immelt as his chief business advisor.
The company, Solyndra Inc., created 1100 jobs at a cost of about $486,363.64 per job per year. Solyndra was one of Obama’s job creation projects last year that used some of Obama “Stimulation Package’s” $700 billion. A major contributor to Obama’s election campaign the owner received $535 million for creating those jobs for almost a year.
Federal agents yesterday as part of a joint investigation between the FBI and the Energy Department Inspector General’s office raided Solyndra. One of the company’s primary investors, Oklahoma oil man George Kaiser, was also a major donor to the Obama campaign – a fact that raised concerns of political favoritism in the $535 million loan the company received from the federal government. Solyndra Inc., had received significant favorable treatment from the Obama administration. Solyndra closed its doors on Aug. 31. It did so without warning and without WARN, a state and federal law requiring advance notice of a large layoff or shutdown. The company said it was exempt from notifying its 900 full-time and 200 contract workers ahead of time under a loophole in the law. FBI spokeswoman Julianne Sohn, declined to elaborate.
Last night Obama asked Congress to pass a new $447billion package to kick start his flagging election campaign with a infusion of $447billion of taxpayer money into the loyal teachers unions and Teamster unions in blue states. He sees it as important to keep the union dues coming in and his army feet on the streets bringing in the lazy, the stupid, and the pot heads who are otherwise too stupid to show up to vote for socialist on election day. Jimmy Hoffa’s son said it is a great idea. On Monday he said, “We're going to win that war." "President Obama, this is your army. We are ready to march. Let's take these son of bitches out (the Tea Party) and give America back to an America (Nazis) where we belong,"
http://www.washingtontimes.com/blog/watercooler/2011/sep/5/picket-jimmy-hoffa-jr-says-tea-party-lets-take-the/
Next week Obama plans to call on Congress to offset the cost of his short-term (Thurs night) political job and slush fund measures by raising tax revenue in later years after he is out of office.
World markets
Europe and Asia responded negatively today to Obama’s socialist proposal last night.
Several Venezuelan drug dealing socialist criminals were put on the American blacklist against Obama’s better advisement.
Greece may get the boot! Horst Seehofer, the head of Merkel’s Bavarian sister party, told the Bild newspaper on Wednesday morning that a Greek exit from the Euro zone could not be ruled out. What a great idea!
Europe hopes the dead head socialist Obama gets the boot too!
World markets may have set their lows for now and in some cases they set double bottoms. China tests last year’s low. http://finance.yahoo.com/echarts?s=000001.SS+Interactive#chart1:symbol=000001.ss;range=5y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
Germany resumes decline.
http://finance.yahoo.com/echarts?s=^GDAXI+Interactive#chart6:symbol=^gdaxi;range=5y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
The Swiss government and central bank talks about a possible target for the Swiss franc to halt its gains has failed and the Swiss franc is rising again. The Swiss market has not yet double bottomed and has a way to go.
http://finance.yahoo.com/echarts?s=^SSMI+Interactive#chart2:symbol=^ssmi;range=5y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
Emerging markets also will fall further before they double bottom. http://finance.yahoo.com/echarts?s=^BVSP+Interactive#chart1:symbol=^bvsp;range=5y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
American Economy-
Last week
Productivity-Rev. Q2 -0.7% down from -0.3% Not good
Unit Labor Costs - Rev. Q2 3.3% up from 2.2% - Not good
ISM Index Aug 50.6 47.down from 50.9 - Not good
Construction Spending Jul -1.3% down from 0.2% Not good
Nonfarm Payrolls Aug 0K nothing compared with 117K last month. Good thing Obama has come back from Martha’s Vineyard.
Nonfarm Private Payrolls Aug 17K down from 154K jobs created last month
Unemployment Rate Aug 9.1% same as last week 9.1% -
Hourly Earnings Aug -0.1% down from 0.4% increase last month.
Average Workweek Aug 34.2 down slightly from 34.3 last month
ISM Services Aug rose to 53.3 from 52.7 the previous month an 11% gain in the service sector the largest American business sector.
MBA Mortgage Index 09/03 -4.9% up considerably from last month’s -9.6%
Fed's Beige Book Sep – Republican candidates indicated Bernacke would get fired when Americans fire Barking Obama.
Yesterday
Initial Claims 09/03 increased to 414K from 409K reported last week
Continuing Claims 08/27 were at 3717K down from 3735K reported last week
Trade Balance Jul -$44.8B an improvement from -$53.1B last month.
Crude Inventories 09/03 down -3.963M from 5.281M not good for oil prices.
Consumer Credit Jul rose to $12.0B from $11.3B last month
This Week
Sep 9 10:00 AM Wholesale Inventories Jul
Market Outlook September 9 2011
Obama put a cloud over the markets yesterday and today. After the Republican debate Wednesday Obama had MSNBC socialists and verbal bomb throwing terrorists calling everyone running against him idiots so that Obama fits in better.
The potential damage Obama gangster socialism can inflict on the world is still unlimited at this point. There is no place for exceptionalism to hide once Obama makes America just another gangster socialist state where exceptional people go to jail until they finally give up. But the world is waking up to Wingnut Barking Socialism that precedes the gangster socialism that Russia has. There will be dancing in the streets of America and around the world if the Senate socialists are thrown out with Barking Obama in 2012.
We expect the VIX to continue to decline as the panic of smaller investors subsides similar to after the flash crash of May 6, 2010
http://finance.yahoo.com/q/bc?s=^VIX&t=5y&l=on&z=m&q=l&c=
We expect a normal advance of up to at least 50% of the total August decline. See:
http://finance.yahoo.com/q/ta?s=^NYA&t=5y&l=on&z=l&q=l&p=e50%2Ce100&a=&c=
Economic recovery the past two years was one of Obama’s big lies as he continued to divide Americans, destroyed the American economy with socialism and corruption, and barked at Congress and now barks and at the increasing numbers of disappointed voters. But could the bulk shipments finally be getting ready to break out? See 1yr chart at:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stocks were down last night. China down -0.1%, Hong Kong down -0.2%, India down –1.7%, and Japan down -0.6%.
European markets are down today –0.3 TO –1.4% half way through their day.
.
American markets futures are down about -0.6% at 7:30 AM EST
Corporate cash can also be used to buy corporate stock or fund mergers. Remember if the money multiplier effect is 20:1(the new invested money effectively changes hands 20 times) that $500billion becomes $10Trillion so it would only take 10% of the corporations to buy back and to put $1trillion into the stock market
The company, Solyndra Inc., created 1100 jobs at a cost of about $486,363.64 per job per year. Solyndra was one of Obama’s job creation projects last year that used some of Obama “Stimulation Package’s” $700 billion. A major contributor to Obama’s election campaign the owner received $535 million for creating those jobs for almost a year.
Federal agents yesterday as part of a joint investigation between the FBI and the Energy Department Inspector General’s office raided Solyndra. One of the company’s primary investors, Oklahoma oil man George Kaiser, was also a major donor to the Obama campaign – a fact that raised concerns of political favoritism in the $535 million loan the company received from the federal government. Solyndra Inc., had received significant favorable treatment from the Obama administration. Solyndra closed its doors on Aug. 31. It did so without warning and without WARN, a state and federal law requiring advance notice of a large layoff or shutdown. The company said it was exempt from notifying its 900 full-time and 200 contract workers ahead of time under a loophole in the law. FBI spokeswoman Julianne Sohn, declined to elaborate.
Last night Obama asked Congress to pass a new $447billion package to kick start his flagging election campaign with a infusion of $447billion of taxpayer money into the loyal teachers unions and Teamster unions in blue states. He sees it as important to keep the union dues coming in and his army feet on the streets bringing in the lazy, the stupid, and the pot heads who are otherwise too stupid to show up to vote for socialist on election day. Jimmy Hoffa’s son said it is a great idea. On Monday he said, “We're going to win that war." "President Obama, this is your army. We are ready to march. Let's take these son of bitches out (the Tea Party) and give America back to an America (Nazis) where we belong,"
http://www.washingtontimes.com/blog/watercooler/2011/sep/5/picket-jimmy-hoffa-jr-says-tea-party-lets-take-the/
Next week Obama plans to call on Congress to offset the cost of his short-term (Thurs night) political job and slush fund measures by raising tax revenue in later years after he is out of office.
World markets
Europe and Asia responded negatively today to Obama’s socialist proposal last night.
Several Venezuelan drug dealing socialist criminals were put on the American blacklist against Obama’s better advisement.
Greece may get the boot! Horst Seehofer, the head of Merkel’s Bavarian sister party, told the Bild newspaper on Wednesday morning that a Greek exit from the Euro zone could not be ruled out. What a great idea!
Europe hopes the dead head socialist Obama gets the boot too!
World markets may have set their lows for now and in some cases they set double bottoms. China tests last year’s low. http://finance.yahoo.com/echarts?s=000001.SS+Interactive#chart1:symbol=000001.ss;range=5y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
Germany resumes decline.
http://finance.yahoo.com/echarts?s=^GDAXI+Interactive#chart6:symbol=^gdaxi;range=5y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
The Swiss government and central bank talks about a possible target for the Swiss franc to halt its gains has failed and the Swiss franc is rising again. The Swiss market has not yet double bottomed and has a way to go.
http://finance.yahoo.com/echarts?s=^SSMI+Interactive#chart2:symbol=^ssmi;range=5y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
Emerging markets also will fall further before they double bottom. http://finance.yahoo.com/echarts?s=^BVSP+Interactive#chart1:symbol=^bvsp;range=5y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
American Economy-
Last week
Productivity-Rev. Q2 -0.7% down from -0.3% Not good
Unit Labor Costs - Rev. Q2 3.3% up from 2.2% - Not good
ISM Index Aug 50.6 47.down from 50.9 - Not good
Construction Spending Jul -1.3% down from 0.2% Not good
Nonfarm Payrolls Aug 0K nothing compared with 117K last month. Good thing Obama has come back from Martha’s Vineyard.
Nonfarm Private Payrolls Aug 17K down from 154K jobs created last month
Unemployment Rate Aug 9.1% same as last week 9.1% -
Hourly Earnings Aug -0.1% down from 0.4% increase last month.
Average Workweek Aug 34.2 down slightly from 34.3 last month
ISM Services Aug rose to 53.3 from 52.7 the previous month an 11% gain in the service sector the largest American business sector.
MBA Mortgage Index 09/03 -4.9% up considerably from last month’s -9.6%
Fed's Beige Book Sep – Republican candidates indicated Bernacke would get fired when Americans fire Barking Obama.
Yesterday
Initial Claims 09/03 increased to 414K from 409K reported last week
Continuing Claims 08/27 were at 3717K down from 3735K reported last week
Trade Balance Jul -$44.8B an improvement from -$53.1B last month.
Crude Inventories 09/03 down -3.963M from 5.281M not good for oil prices.
Consumer Credit Jul rose to $12.0B from $11.3B last month
This Week
Sep 9 10:00 AM Wholesale Inventories Jul
Market Outlook September 9 2011
Obama put a cloud over the markets yesterday and today. After the Republican debate Wednesday Obama had MSNBC socialists and verbal bomb throwing terrorists calling everyone running against him idiots so that Obama fits in better.
The potential damage Obama gangster socialism can inflict on the world is still unlimited at this point. There is no place for exceptionalism to hide once Obama makes America just another gangster socialist state where exceptional people go to jail until they finally give up. But the world is waking up to Wingnut Barking Socialism that precedes the gangster socialism that Russia has. There will be dancing in the streets of America and around the world if the Senate socialists are thrown out with Barking Obama in 2012.
We expect the VIX to continue to decline as the panic of smaller investors subsides similar to after the flash crash of May 6, 2010
http://finance.yahoo.com/q/bc?s=^VIX&t=5y&l=on&z=m&q=l&c=
We expect a normal advance of up to at least 50% of the total August decline. See:
http://finance.yahoo.com/q/ta?s=^NYA&t=5y&l=on&z=l&q=l&p=e50%2Ce100&a=&c=
Economic recovery the past two years was one of Obama’s big lies as he continued to divide Americans, destroyed the American economy with socialism and corruption, and barked at Congress and now barks and at the increasing numbers of disappointed voters. But could the bulk shipments finally be getting ready to break out? See 1yr chart at:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stocks were down last night. China down -0.1%, Hong Kong down -0.2%, India down –1.7%, and Japan down -0.6%.
European markets are down today –0.3 TO –1.4% half way through their day.
.
American markets futures are down about -0.6% at 7:30 AM EST
Corporate cash can also be used to buy corporate stock or fund mergers. Remember if the money multiplier effect is 20:1(the new invested money effectively changes hands 20 times) that $500billion becomes $10Trillion so it would only take 10% of the corporations to buy back and to put $1trillion into the stock market
Thursday, September 8, 2011
Mitt Romney won the Republican debate.
World markets
European stocks were up more than 2% yesterday . European markets are up again today on news the unionized socialist countries may get the boot.
Merkel is under fire from some members of her own party for going too far in rescuing countries like Greece.
Horst Seehofer, the head of Merkel’s Bavarian sister party, told the Bild newspaper on Wednesday morning that a Greek exit from the Euro zone could not be ruled out. Germany's top court just imposed new limits on Berlin's future participation in Euro zone bailouts. Merkel said Europe faces long road to slash debts and she urged Europe to rethink its rulebook to ensure small countries like Greece could not put the entire 17-nation currency area at risk. Merkel said reopening he Lisbon Treaty should not be taboo.
"I'm convinced that this crisis, if a great crisis of the western world is to be avoided, cannot be fought with a 'carry on' attitude. We need a fundamental rethink." Merkel said the shared currency "cannot be allowed to fail and will not fail".
"It is quite a paradox that virtually all violations of EU rules, whether economic or environmental, lead to verdicts from the European Court of Justice, but that violations of the Stability and Growth Pact cannot be looked at by the court. We need to think about these issues," Merkel said.
Interest rates paid on debt by so-called peripheral eurozone countries — Greece, Italy and Spain — rose sharply. Greece now pays up to 18% on its national debt.
A survey of the services sector Monday showed a slowdown across the European continent for the fifth consecutive month. The purchasing managers' index for the eurozone showed the services sector was barely growing — unlike the sagging manufacturing sector.
World markets may have set their lows for now and in some cases they set double bottoms. China tests last year’s low. http://finance.yahoo.com/echarts?s=000001.SS+Interactive#chart1:symbol=000001.ss;range=5y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
Germany resumes decline.
http://finance.yahoo.com/echarts?s=^GDAXI+Interactive#chart6:symbol=^gdaxi;range=5y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
The Swiss government and central bank talks about a possible target for the Swiss franc to halt its gains has failed and the Swiss franc is rising again. The Swiss market has not yet double bottomed and has a way to go.
http://finance.yahoo.com/echarts?s=^SSMI+Interactive#chart2:symbol=^ssmi;range=5y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
Emerging markets also will fall further before they double bottom. http://finance.yahoo.com/echarts?s=^BVSP+Interactive#chart1:symbol=^bvsp;range=5y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
American Economy-
Last week
Productivity-Rev. Q2 -0.7% down from -0.3% Not good
Unit Labor Costs - Rev. Q2 3.3% up from 2.2% - Not good
ISM Index Aug 50.6 47.down from 50.9 - Not good
Construction Spending Jul -1.3% down from 0.2% Not good
Nonfarm Payrolls Aug 0K nothing compared with 117K last month. Good thing Obama has come back from Martha’s Vineyard.
Nonfarm Private Payrolls Aug 17K down from 154K jobs created last month
Unemployment Rate Aug 9.1% same as last week 9.1% -
Hourly Earnings Aug -0.1% down from 0.4% increase last month.
Average Workweek Aug 34.2 down slightly from 34.3 last month
ISM Services Aug rose to 53.3 from 52.7 the previous month an 11% gain in the service sector the largest American business sector.
Yesterday
MBA Mortgage Index 09/03 -4.9% up considerably from last month’s -9.6%
Fed's Beige Book Sep – Republican candidates indicated Bernacke would get fired when Americans fire Barking Obama.
This Week
Sep 8 8:30 AM Initial Claims 09/03
Sep 8 8:30 AM Continuing Claims 08/27
Sep 8 8:30 AM Trade Balance Jul
Sep 8 11:00 AM Crude Inventories 09/03
Sep 8 3:00 PM Consumer Credit Jul
Sep 9 10:00 AM Wholesale Inventories Jul
Market Outlook September 8 2011
Yesterday was a tremendous day for all the world markets. People are beginning to see a light after the Barking Obama tunnel and Greece. Today it will be a hard act to follow but early news is good and the rally is still only beginning.
Short sellers going to be panicking for a long time and are trying very hard to create fear. Insider buying and options distributions are now at a record levels. Before August insiders were sellers of their stock in their place of work. Now they are buying their own stocks.
There will be dancing in the streets of America and around the world if the Senate socialists are thrown out with Obama in 2012.
We expect the VIX to continue to decline as the panic of smaller investors subsides similar to after the flash crash of May 6, 2010
http://finance.yahoo.com/q/bc?s=^VIX&t=5y&l=on&z=m&q=l&c=
We expect a normal advance of up to at least 50% of the total August decline. See:
http://finance.yahoo.com/q/ta?s=^NYA&t=5y&l=on&z=l&q=l&p=e50%2Ce100&a=&c=
Obama’s continued to divide Americans, destroyed the American economy with socialism and corruption, and barked at Congress and now barks and at the increasing numbers of disappointed voters. But could the bulk shipments finally be getting ready to break out? See 1yr chart at:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stocks were flat last night. China down -0.7%, Hong Kong down -0.7%, India up 0.6%, and Japan up 0.3%.
European markets are up today –0.1 TO 0.7% half way through their day.
.
American markets futures are down about -0.4% at 8:45 AM EST
See:
Obama and the Burden of Exceptionalism
Post-'60s liberals, with the president as their standard bearer, seek to make a virtue of decline.
By SHELBY STEELE
http://online.wsj.com/article/SB10001424053111904787404576532623176115558.html?mod=googlenews_wsj
Summary:
Clearly Americans expected exceptionalism from Obama who could have shown that America had achieved near perfect social mobility… not his assault on America's exceptionalism of scientific, economic and cultural preeminence.
American exceptionalism is, among other things, the result of a difficult rigor: the use of individual initiative as the engine of development within a society that strives to ensure individual freedom through the rule of law. Over time a society like this will become great. This is how—despite all our flagrant shortcomings and self-betrayals—America evolved into an exceptional nation.
Obama was elected to make a stretch toward exceptionalism. It should be held against him that he has done the direct opposite.
Wednesday, September 7, 2011
Obama plans on Thursday to propose sparking job growth by quietly injecting more than $300 billion of taxpayer money into his re-election campaig
Obama plans on Thursday to propose sparking job growth by quietly injecting more than $300 billion of taxpayer money into his re-election campaign over the next year. He will give most as tax cuts to corporations based on their contributions to his campaign. Large swing states that have powerful unions and large welfare voting blocks will get infrastructure spending (socialist infrastructure slush funds) and direct aid to democratically controlled state and local governments. Obama does not have to say it is only going only to democrats because honest leaders typically refuse the funding of phantom state and city mass transit projects and “solar panel” corporation election slush funds.
People get such a warm feeling in the presence of Obama until they discover it is just he peeing on their legs. Obama likes the term Obamacare so from now Americans and the world will make it known as the Obamacrap, which is its true substance. For those with higher sensibilities it can be referred to as Obamamerd.
Next week Obama plans to call on Congress to offset the cost of his short-term political job and slush fund measures by raising tax revenue in later years after he is out of office. That is Obama’s longer-term deficit detonation package, including senior spending and entitlement cuts as well as taxpayer increases for people Obama thinks are still stupid enough to have a work ethic. The congressional panel charged with finding ways to reduce the nation’s debt can pass the new Obamacrap law without reading it or making it public until after the 2012 election.
Almost half Barak's stimulus would come from tax cuts, which include an extension of a two-percentage-point reduction in the payroll tax paid by workers due to expire Dec. 31 and a new decrease in the portion of the tax paid by employers. That is not a real tax cut because it does not cut the tax tables so workers are stung with higher taxes and penalties if they are more than 10% short of having pre-paid their taxes with direct deductions. That deduction is just the warm feeling the taxpayers get while Obama pees on their legs.
Obama sued 17 large American banks as the first part of a shakedown to meet his $1Billion war chest goal for his re-election bid. WSJ poll says 51% of Americans can’t stand any more of Obamacrap with 73% of Americans saying he is an economic socialist black hole taking the country toward bankruptcy with Obamacrap.
GE’s socialist CEO, Immelt, begins a second decade of using the GE assets to finance re-education of Americans for the abandonment of free enterprise and the advancement of gangster socialism to redistribute wealth from those who still enjoy working for a living to crush their motivation to try to become exceptional. Under Immelt, GE has been unable to keep profits rising as much as inflation.
In 2009, more than a dozen of Obama’s agents with automatic weapons invaded the Gibson factory in Nashville. The Obama Government seized guitars and a substantial amount of materials and records. To date, 1 year and 9 months later, no charges have been filed, yet the Obama gangster government agents still hold Gibson’s property. This is not the first stupid Obama “Russian communist” gangster style raid. Gibson factories have been raided twice, most recently two weeks ago, by Obama agents. Obama would make a good Russian Putin but here he is just an American moron of unknown origin.
http://online.wsj.com/article/SB10001424053111903895904576542942027859286.html
Deutsche Telekom AG hasn’t prepared any alternative scenarios if Obama shakes them down for contributions. Managers led by Chief Executive Officer Rene Obermann were meeting with Deutsche Telekom’s supervisory board when they heard Obama had Holden arrange to have them sued to block the deal. Obermann, who had previously demonstrated confidence that the transaction would be approved, was taken by surprise, said a person familiar with the matter, asking not to be identified because the meeting was a private call for contributions.
Obama stinks even if only a one-term president because:
1. Obama is making damaging economic structural changes to what was a free enterprise economy such as:
a) Gangster socialism to disrupt free enterprise until socialist Obama election funding goals are achieved.
Corporate raids with automatic weapons to make it clear Obama is willing to use lethal force to stay in power.
Shotgun law suits to disrupt free enterprises until socialist party support and funding goals are achieved.
Shutting down American energy sources to cripple the free enterprise system to claim as Karl Marx did 140 years ago that the free enterprise would be replaced by gangster socialism.
b) Directing research from practicable growth areas to juvenile socialist unsustainable ideas such as:
Using the NLRB to destroy the US aerospace industry by attacking the right of Boeing to build a manufacturing facility where he has no socialist union-voting base of support.
Using gays to make the US military just as effective as the gay army of Netherlands… as if Moslem terrorists need yet another reason to hate Americans.
Allowing green government sponsored research.expenditures for studies of recycled French fry vegetable oil and corn ethanol automobile fuels.
Filling America’s garbage dumps with toxic waste batteries from unaffordable cars that cost more in energy to manufacture than they can save in energy in their useful life. It is a scam only morons believe is the way to go. As evidence, America is far behind Japan and Europe in energy conservation and yet Japan and Germany are not touching these moronic Obama administration ideas. Only ten people a day are stupid enough to buy one of Obama’s “green” cars.
Funds national health studies to better understand and advertise the habits of same sex marriage partners.
2) Barrack Obama’s socialism is government of the lazy, stupid, and pot heads, by the lazy, stupid, and pot heads, for the lazy, stupid, and pot heads.
Obama is barking at the banks hard now for them to act on all the “liar loan” mortgages he made them accept from his “chosen people.”
Obama’s “chosen people” continue to strip the vacant homes of their copper plumbing and wiring essentially gutting the houses so they become condemned and worthless
Obama is not letting the housing crisis get resolved because the "liar loan" losses show just how stupid his socialist ideas are and have been under democrat-socialist control.
3. Hussein Obama publicly funds a government propaganda machine and is slowly destroying the free press.
a) . The truth can no longer be shown in America when it shows the Nationalist Socialists corruption
Socialists corrupted Freddie and Fannie and turned on the spicket to ACORN and other corrupt welfare state organizations. http://www.youtube.com/watch_popup?v=cMnSp4qEXNM&NR=1
b) Obama thinks the American Flag is considered a prideful “hate symbol” in most of his world.
He prefers to be photographed with the multi-colored rainbow flag.
He prefers to be photographed with Moslem symbols
c) Obama thinks Christianity and the symbol of the cross are painful and offensive “hate symbols” in most of his world especially where they still like murder Christians and strip naked and then fondle American press corps women in their “Green Squares” between Moslem prayers
4. Obama is mired in absurdity:
a) He seeks to trade the burdens of greatness for the relief of mediocrity.
b) Obama effectively makes a virtue of decline—as if Obama can redeem America only by making her a lesser nation.
c) The left continues to enfeeble our public education system even as our wealth has expanded. Moral and cultural relativism now obscure individual responsibility.
d) Obama decrees a new direction, we move ahead by receding—by letting go of American values, so that a creeping leftist mediocrity begins to spare us the burdens of greatness?
e) As a president, Barrack Obama has been a force for mediocrity.
He has banked more on the hopeless interventions of government than on the exceptionalism of the people.
His greatest weakness as a president is a limp confidence in his countrymen.
He is afraid to ask difficult things of his constituency like “get off your ass and get a job.”
World markets
The report Friday that the U.S. economy failed to add any new jobs in August caused European and Asian stock markets to drop sharply Monday. But the news from Europe was even more discouraging as the interest rates paid on debt by so-called peripheral eurozone countries — Greece, Italy and Spain — rose sharply. Greece now pays up to 18% on its national debt.
A survey of the services sector Monday showed a slowdown across the European continent for the fifth consecutive month. The purchasing managers' index for the eurozone showed the services sector was barely growing — unlike the sagging manufacturing sector.
World markets may have set their lows for now and in some cases they set double bottoms. China tests last year’s low. http://finance.yahoo.com/echarts?s=000001.SS+Interactive#chart1:symbol=000001.ss;range=5y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
Germany resumes decline.
http://finance.yahoo.com/echarts?s=^GDAXI+Interactive#chart6:symbol=^gdaxi;range=5y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
The Swiss government and central bank talks about a possible target for the Swiss franc to halt its gains has failed and the Swiss franc is rising again. The Swiss market has not yet double bottomed and has a way to go.
http://finance.yahoo.com/echarts?s=^SSMI+Interactive#chart2:symbol=^ssmi;range=5y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
Emerging markets also will fall further before they double bottom. http://finance.yahoo.com/echarts?s=^BVSP+Interactive#chart1:symbol=^bvsp;range=5y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
American Economy-
Last week
Continuing Claims 08/20 3735K up from 3641K Not good
Productivity-Rev. Q2 -0.7% down from -0.3% Not good
Unit Labor Costs - Rev. Q2 3.3% up from 2.2% - Not good
ISM Index Aug 50.6 47.down from 50.9 - Not good
Construction Spending Jul -1.3% down from 0.2% Not good
Nonfarm Payrolls Aug 0K nothing compared with 117K last month. Good thing Obama has come back from Martha’s Vineyard.
Nonfarm Private Payrolls Aug 17K down from 154K jobs created last month
Unemployment Rate Aug 9.1% same as last week 9.1% -
Hourly Earnings Aug -0.1% down from 0.4% increase last month.
Average Workweek Aug 34.2 down slightly from 34.3 last month
Yesterday
ISM Services Aug rose to 53.3 from 52.7 the previous month an 11% gain in the service sector the largest American business sector.
This Week
Sep 7 7:00 AM MBA Mortgage Index 09/03
Sep 7 2:00 PM Fed's Beige Book Sep
Sep 8 8:30 AM Initial Claims 09/03
Sep 8 8:30 AM Continuing Claims 08/27
Sep 8 8:30 AM Trade Balance Jul
Sep 8 11:00 AM Crude Inventories 09/03
Sep 8 3:00 PM Consumer Credit Jul
Sep 9 10:00 AM Wholesale Inventories Jul
Market Outlook September 7 2011
Yesterday was the worst September start in many years. Statistically September is the worst month for the stock market so testing of lows could happen for a third or fourth time. Monday may already be the worst day for this Month but most of the losses evaporated by the end of the day.
The potential damage Obama gangster socialism can inflict on the world is still unlimited at this point. There is no place for exceptionalism to hide once Obama makes America another gangster socialist state where exceptional people go to jail until they finally give up.
Short sellers are in a panic and are trying to create fear. But some are beginning to cover themselves and that plus corporation stock buy-backs are underlying the market. Insider buying and options distributions are now at a record level. Before August insiders were sellers of their stock in their place of work.
Obamacrap uncertainty has stalled world growth. A welfare dependent voting block now elects socialists and communists across the free world not just in China and Russia. Governments became too large because they manage welfare, social programs, and government worker unions. Social Security has been diverted to welfare. Government investment in business has been diverted to welfare via affirmative action. Freddie and Fannie have transferred $Trillions via affirmative action to welfare people who exhibit no visible work ethic or means of their own personal much less child support. We are an Obamacrap welfare state and he will suggest more Obamacrap on Thursday night. The only program of government jobs that does work in the short run is to put long term unemployed and welfare recipients into to work programs sweeping streets, cutting grass, cleaning rivers and forests, shoveling snow etc as was done under Clinton for welfare reform.
We expect the VIX to continue to decline as the panic of smaller investors subsides similar to after the flash crash of May 6, 2010
http://finance.yahoo.com/q/bc?s=^VIX&t=5y&l=on&z=m&q=l&c=
We expect a normal advance of up to at least 50% of the total August decline. See:
http://finance.yahoo.com/q/ta?s=^NYA&t=5y&l=on&z=l&q=l&p=e50%2Ce100&a=&c=
Economic recovery the past two years was one of Obama’s big lies as he continued to divide Americans, destroyed the American economy with socialism and corruption, and barked at Congress and now barks and at the increasing numbers of disappointed voters. But could the bulk shipments finally be getting ready to break out? See 1yr chart at:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stocks were up last night. China up 1.8%, Hong Kong up 1.7%, India up 1.2%, and Japan up 2%.
European markets are up today 1.2 TO 2.3% at 6:45AM EST half way through their day.
.
American markets futures are up about .4% to .5% at 6:45 AM EST
Corporations have over $500 billion in cash to invest and it does not look like they will invest in jobs as long as Obamacrap socialized medicine and new Obamacrap taxes loom. Corporate cash hoards will provide needed liquidity as Obama gangsters disrupt banking. Corporate cash can also be used to buy corporate stock or fund mergers. Remember if the money multiplier effect is 20:1(the money effectively changes hands 20 times) that $500billion becomes $10Trillion so it would only take 10% of the corporations to buy back and to put $1trillion into the stock market
See:
Obama and the Burden of Exceptionalism
Post-'60s liberals, with the president as their standard bearer, seek to make a virtue of decline.
By SHELBY STEELE
http://online.wsj.com/article/SB10001424053111904787404576532623176115558.html?mod=googlenews_wsj
Summary:
Clearly Americans expected exceptionalism from Obama who could have shown that America had achieved near perfect social mobility… not his Obamacrap assault on America's exceptionalism of scientific, economic and cultural preeminence.
American exceptionalism is, among other things, the result of a difficult rigor: the use of individual initiative as the engine of development within a society that strives to ensure individual freedom through the rule of law. Over time a society like this will become great. This is how—despite all our flagrant shortcomings and self-betrayals—America evolved into an exceptional nation.
Obama was elected to make a stretch toward exceptionalism. It should be held against him that he has done the direct opposite.
People get such a warm feeling in the presence of Obama until they discover it is just he peeing on their legs. Obama likes the term Obamacare so from now Americans and the world will make it known as the Obamacrap, which is its true substance. For those with higher sensibilities it can be referred to as Obamamerd.
Next week Obama plans to call on Congress to offset the cost of his short-term political job and slush fund measures by raising tax revenue in later years after he is out of office. That is Obama’s longer-term deficit detonation package, including senior spending and entitlement cuts as well as taxpayer increases for people Obama thinks are still stupid enough to have a work ethic. The congressional panel charged with finding ways to reduce the nation’s debt can pass the new Obamacrap law without reading it or making it public until after the 2012 election.
Almost half Barak's stimulus would come from tax cuts, which include an extension of a two-percentage-point reduction in the payroll tax paid by workers due to expire Dec. 31 and a new decrease in the portion of the tax paid by employers. That is not a real tax cut because it does not cut the tax tables so workers are stung with higher taxes and penalties if they are more than 10% short of having pre-paid their taxes with direct deductions. That deduction is just the warm feeling the taxpayers get while Obama pees on their legs.
Obama sued 17 large American banks as the first part of a shakedown to meet his $1Billion war chest goal for his re-election bid. WSJ poll says 51% of Americans can’t stand any more of Obamacrap with 73% of Americans saying he is an economic socialist black hole taking the country toward bankruptcy with Obamacrap.
GE’s socialist CEO, Immelt, begins a second decade of using the GE assets to finance re-education of Americans for the abandonment of free enterprise and the advancement of gangster socialism to redistribute wealth from those who still enjoy working for a living to crush their motivation to try to become exceptional. Under Immelt, GE has been unable to keep profits rising as much as inflation.
In 2009, more than a dozen of Obama’s agents with automatic weapons invaded the Gibson factory in Nashville. The Obama Government seized guitars and a substantial amount of materials and records. To date, 1 year and 9 months later, no charges have been filed, yet the Obama gangster government agents still hold Gibson’s property. This is not the first stupid Obama “Russian communist” gangster style raid. Gibson factories have been raided twice, most recently two weeks ago, by Obama agents. Obama would make a good Russian Putin but here he is just an American moron of unknown origin.
http://online.wsj.com/article/SB10001424053111903895904576542942027859286.html
Deutsche Telekom AG hasn’t prepared any alternative scenarios if Obama shakes them down for contributions. Managers led by Chief Executive Officer Rene Obermann were meeting with Deutsche Telekom’s supervisory board when they heard Obama had Holden arrange to have them sued to block the deal. Obermann, who had previously demonstrated confidence that the transaction would be approved, was taken by surprise, said a person familiar with the matter, asking not to be identified because the meeting was a private call for contributions.
Obama stinks even if only a one-term president because:
1. Obama is making damaging economic structural changes to what was a free enterprise economy such as:
a) Gangster socialism to disrupt free enterprise until socialist Obama election funding goals are achieved.
Corporate raids with automatic weapons to make it clear Obama is willing to use lethal force to stay in power.
Shotgun law suits to disrupt free enterprises until socialist party support and funding goals are achieved.
Shutting down American energy sources to cripple the free enterprise system to claim as Karl Marx did 140 years ago that the free enterprise would be replaced by gangster socialism.
b) Directing research from practicable growth areas to juvenile socialist unsustainable ideas such as:
Using the NLRB to destroy the US aerospace industry by attacking the right of Boeing to build a manufacturing facility where he has no socialist union-voting base of support.
Using gays to make the US military just as effective as the gay army of Netherlands… as if Moslem terrorists need yet another reason to hate Americans.
Allowing green government sponsored research.expenditures for studies of recycled French fry vegetable oil and corn ethanol automobile fuels.
Filling America’s garbage dumps with toxic waste batteries from unaffordable cars that cost more in energy to manufacture than they can save in energy in their useful life. It is a scam only morons believe is the way to go. As evidence, America is far behind Japan and Europe in energy conservation and yet Japan and Germany are not touching these moronic Obama administration ideas. Only ten people a day are stupid enough to buy one of Obama’s “green” cars.
Funds national health studies to better understand and advertise the habits of same sex marriage partners.
2) Barrack Obama’s socialism is government of the lazy, stupid, and pot heads, by the lazy, stupid, and pot heads, for the lazy, stupid, and pot heads.
Obama is barking at the banks hard now for them to act on all the “liar loan” mortgages he made them accept from his “chosen people.”
Obama’s “chosen people” continue to strip the vacant homes of their copper plumbing and wiring essentially gutting the houses so they become condemned and worthless
Obama is not letting the housing crisis get resolved because the "liar loan" losses show just how stupid his socialist ideas are and have been under democrat-socialist control.
3. Hussein Obama publicly funds a government propaganda machine and is slowly destroying the free press.
a) . The truth can no longer be shown in America when it shows the Nationalist Socialists corruption
Socialists corrupted Freddie and Fannie and turned on the spicket to ACORN and other corrupt welfare state organizations. http://www.youtube.com/watch_popup?v=cMnSp4qEXNM&NR=1
b) Obama thinks the American Flag is considered a prideful “hate symbol” in most of his world.
He prefers to be photographed with the multi-colored rainbow flag.
He prefers to be photographed with Moslem symbols
c) Obama thinks Christianity and the symbol of the cross are painful and offensive “hate symbols” in most of his world especially where they still like murder Christians and strip naked and then fondle American press corps women in their “Green Squares” between Moslem prayers
4. Obama is mired in absurdity:
a) He seeks to trade the burdens of greatness for the relief of mediocrity.
b) Obama effectively makes a virtue of decline—as if Obama can redeem America only by making her a lesser nation.
c) The left continues to enfeeble our public education system even as our wealth has expanded. Moral and cultural relativism now obscure individual responsibility.
d) Obama decrees a new direction, we move ahead by receding—by letting go of American values, so that a creeping leftist mediocrity begins to spare us the burdens of greatness?
e) As a president, Barrack Obama has been a force for mediocrity.
He has banked more on the hopeless interventions of government than on the exceptionalism of the people.
His greatest weakness as a president is a limp confidence in his countrymen.
He is afraid to ask difficult things of his constituency like “get off your ass and get a job.”
World markets
The report Friday that the U.S. economy failed to add any new jobs in August caused European and Asian stock markets to drop sharply Monday. But the news from Europe was even more discouraging as the interest rates paid on debt by so-called peripheral eurozone countries — Greece, Italy and Spain — rose sharply. Greece now pays up to 18% on its national debt.
A survey of the services sector Monday showed a slowdown across the European continent for the fifth consecutive month. The purchasing managers' index for the eurozone showed the services sector was barely growing — unlike the sagging manufacturing sector.
World markets may have set their lows for now and in some cases they set double bottoms. China tests last year’s low. http://finance.yahoo.com/echarts?s=000001.SS+Interactive#chart1:symbol=000001.ss;range=5y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
Germany resumes decline.
http://finance.yahoo.com/echarts?s=^GDAXI+Interactive#chart6:symbol=^gdaxi;range=5y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
The Swiss government and central bank talks about a possible target for the Swiss franc to halt its gains has failed and the Swiss franc is rising again. The Swiss market has not yet double bottomed and has a way to go.
http://finance.yahoo.com/echarts?s=^SSMI+Interactive#chart2:symbol=^ssmi;range=5y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
Emerging markets also will fall further before they double bottom. http://finance.yahoo.com/echarts?s=^BVSP+Interactive#chart1:symbol=^bvsp;range=5y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
American Economy-
Last week
Continuing Claims 08/20 3735K up from 3641K Not good
Productivity-Rev. Q2 -0.7% down from -0.3% Not good
Unit Labor Costs - Rev. Q2 3.3% up from 2.2% - Not good
ISM Index Aug 50.6 47.down from 50.9 - Not good
Construction Spending Jul -1.3% down from 0.2% Not good
Nonfarm Payrolls Aug 0K nothing compared with 117K last month. Good thing Obama has come back from Martha’s Vineyard.
Nonfarm Private Payrolls Aug 17K down from 154K jobs created last month
Unemployment Rate Aug 9.1% same as last week 9.1% -
Hourly Earnings Aug -0.1% down from 0.4% increase last month.
Average Workweek Aug 34.2 down slightly from 34.3 last month
Yesterday
ISM Services Aug rose to 53.3 from 52.7 the previous month an 11% gain in the service sector the largest American business sector.
This Week
Sep 7 7:00 AM MBA Mortgage Index 09/03
Sep 7 2:00 PM Fed's Beige Book Sep
Sep 8 8:30 AM Initial Claims 09/03
Sep 8 8:30 AM Continuing Claims 08/27
Sep 8 8:30 AM Trade Balance Jul
Sep 8 11:00 AM Crude Inventories 09/03
Sep 8 3:00 PM Consumer Credit Jul
Sep 9 10:00 AM Wholesale Inventories Jul
Market Outlook September 7 2011
Yesterday was the worst September start in many years. Statistically September is the worst month for the stock market so testing of lows could happen for a third or fourth time. Monday may already be the worst day for this Month but most of the losses evaporated by the end of the day.
The potential damage Obama gangster socialism can inflict on the world is still unlimited at this point. There is no place for exceptionalism to hide once Obama makes America another gangster socialist state where exceptional people go to jail until they finally give up.
Short sellers are in a panic and are trying to create fear. But some are beginning to cover themselves and that plus corporation stock buy-backs are underlying the market. Insider buying and options distributions are now at a record level. Before August insiders were sellers of their stock in their place of work.
Obamacrap uncertainty has stalled world growth. A welfare dependent voting block now elects socialists and communists across the free world not just in China and Russia. Governments became too large because they manage welfare, social programs, and government worker unions. Social Security has been diverted to welfare. Government investment in business has been diverted to welfare via affirmative action. Freddie and Fannie have transferred $Trillions via affirmative action to welfare people who exhibit no visible work ethic or means of their own personal much less child support. We are an Obamacrap welfare state and he will suggest more Obamacrap on Thursday night. The only program of government jobs that does work in the short run is to put long term unemployed and welfare recipients into to work programs sweeping streets, cutting grass, cleaning rivers and forests, shoveling snow etc as was done under Clinton for welfare reform.
We expect the VIX to continue to decline as the panic of smaller investors subsides similar to after the flash crash of May 6, 2010
http://finance.yahoo.com/q/bc?s=^VIX&t=5y&l=on&z=m&q=l&c=
We expect a normal advance of up to at least 50% of the total August decline. See:
http://finance.yahoo.com/q/ta?s=^NYA&t=5y&l=on&z=l&q=l&p=e50%2Ce100&a=&c=
Economic recovery the past two years was one of Obama’s big lies as he continued to divide Americans, destroyed the American economy with socialism and corruption, and barked at Congress and now barks and at the increasing numbers of disappointed voters. But could the bulk shipments finally be getting ready to break out? See 1yr chart at:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stocks were up last night. China up 1.8%, Hong Kong up 1.7%, India up 1.2%, and Japan up 2%.
European markets are up today 1.2 TO 2.3% at 6:45AM EST half way through their day.
.
American markets futures are up about .4% to .5% at 6:45 AM EST
Corporations have over $500 billion in cash to invest and it does not look like they will invest in jobs as long as Obamacrap socialized medicine and new Obamacrap taxes loom. Corporate cash hoards will provide needed liquidity as Obama gangsters disrupt banking. Corporate cash can also be used to buy corporate stock or fund mergers. Remember if the money multiplier effect is 20:1(the money effectively changes hands 20 times) that $500billion becomes $10Trillion so it would only take 10% of the corporations to buy back and to put $1trillion into the stock market
See:
Obama and the Burden of Exceptionalism
Post-'60s liberals, with the president as their standard bearer, seek to make a virtue of decline.
By SHELBY STEELE
http://online.wsj.com/article/SB10001424053111904787404576532623176115558.html?mod=googlenews_wsj
Summary:
Clearly Americans expected exceptionalism from Obama who could have shown that America had achieved near perfect social mobility… not his Obamacrap assault on America's exceptionalism of scientific, economic and cultural preeminence.
American exceptionalism is, among other things, the result of a difficult rigor: the use of individual initiative as the engine of development within a society that strives to ensure individual freedom through the rule of law. Over time a society like this will become great. This is how—despite all our flagrant shortcomings and self-betrayals—America evolved into an exceptional nation.
Obama was elected to make a stretch toward exceptionalism. It should be held against him that he has done the direct opposite.
Tuesday, September 6, 2011
Obama sues 17 large American banks as the first part of a shakedown to meet his $1Billion war chest goal for his re-election bid.
Obama sues 17 large American banks as the first part of a shakedown to meet his $1Billion war chest goal for his re-election bid. WSJ poll says 51% of Americans can’t stand any more of Obama with 73% of Americans saying he is an economic socialist black hole taking the country toward bankruptcy with Obamacrap.
GE’s socialist CEO, Immelt, begins a second decade of using the assets to finance re-education of America for the abandonment of free enterprise and the advancement of gangster socialism to redistribute wealth from those who still enjoy working for a living and crush human motivation to become exceptional.
In 2009, more than a dozen of Obama’s agents with automatic weapons invaded the Gibson factory in Nashville. The Obama Government seized guitars and a substantial amount of materials and records. To date, 1 year and 9 months later, no charges have been filed, yet the Obama gangster government agents still hold Gibson’s property. This is not the first stupid Obama “Russian communist” gangster style raid. Gibson factories have been raided twice, most recently last week, by Obama agents. Obama would make a good Russian Putin but he is just an American moron of unknown origin.
http://online.wsj.com/article/SB10001424053111903895904576542942027859286.html
Deutsche Telekom AG hasn’t prepared any alternative scenarios if Obama shakes them down for contributions. Managers led by Chief Executive Officer Rene Obermann were meeting with Deutsche Telekom’s supervisory board when they heard Obama had Holden arrange to have them sued to block the deal. Obermann, who had previously demonstrated confidence that the transaction would be approved, was taken by surprise, said a person familiar with the matter, asking not to be identified because the meeting was a private call for contributions.
World markets
The report Friday that the U.S. economy failed to add any new jobs in August caused European and Asian stock markets to drop sharply Monday. But the news from Europe was even more discouraging as the interest rates paid on debt by so-called peripheral eurozone countries — Greece, Italy and Spain — rose sharply.
A survey of the services sector Monday showed a slowdown across the European continent for the fifth consecutive month. The purchasing managers' index for the eurozone showed the services sector was barely growing — unlike the sagging manufacturing sector.
Russian officers armed with assault rifles recently raided the Moscow offices of the British Petroleum, carrying out a type of ritual armed search of the white-collar premises. BP’s company has had such problems here for years, its share price often nudges up or down in response to socialist economic police raids or the arrests of employees. Separately, a Russian socialist gangster group sued BP in the Siberian court for damages alleging that BP executives serving on the board of directors of the TNK-BP subsidiary violated their fiduciary obligation to pay gangsters protection money. A similar lawsuit, also filed in a remote Siberian court, in Omsk, crippled the Norwegian telecommunications company Telenor’s business in Russia for years, ending in a large payoff settlement last year. Sometimes, police wielding guns force analysts and economists onto the floors of their offices destroying any sense that Moscow offers law, order, much less justice. In February, masked, armed Putin gangsters raided Deutsche Bank’s main office in Moscow, looking for documents related to a commercial mortgage of a Putin friend. In November, police armed with automatic weapons raided a bank belonging to the billionaire Aleksander Y. Lebedev, of the national airline Aeroflot. Another American businessman had all his corporation assets stolen and his Russian lawyer was arrested and tortured to death for taking his case to court. Sounds like Obama has the same technique as Putin.
World markets may have set their lows for now and in some cases they set double bottoms. China tests last year’s low. http://finance.yahoo.com/echarts?s=000001.SS+Interactive#chart1:symbol=000001.ss;range=5y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
Germany resumes decline.
http://finance.yahoo.com/echarts?s=^GDAXI+Interactive#chart6:symbol=^gdaxi;range=5y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
The Swiss government and central bank talks about a possible target for the Swiss franc to halt its gains has failed and the Swiss franc is rising again. The Swiss market has not yet double bottomed and has a way to go.
http://finance.yahoo.com/echarts?s=^SSMI+Interactive#chart2:symbol=^ssmi;range=5y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
Emerging markets also will fall further before they double bottom. http://finance.yahoo.com/echarts?s=^BVSP+Interactive#chart1:symbol=^bvsp;range=5y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
American Economy-
Last week
Initial Claims 08/27 409K down from 417K Good
Continuing Claims 08/20 3735K up from 3641K Not good
Productivity-Rev. Q2 -0.7% down from -0.3% Not good
Unit Labor Costs - Rev. Q2 3.3% up from 2.2% - Not good
ISM Index Aug 50.6 47.down from 50.9 - Not good
Construction Spending Jul -1.3% down from 0.2% Not good
Nonfarm Payrolls Aug 0K nothing compared with 117K last month. Good thing Obama has come back from Martha’s Vineyard.
Nonfarm Private Payrolls Aug 17K down from 154K jobs created last month
Unemployment Rate Aug 9.1% same as last week 9.1% -
Hourly Earnings Aug -0.1% down from 0.4% increase last month.
Average Workweek Aug 34.2 down slightly from 34.3 last month
This Week
Sep 6 10:00 AM ISM Services Aug
Sep 7 7:00 AM MBA Mortgage Index 09/03
Sep 7 2:00 PM Fed's Beige Book Sep
Sep 8 8:30 AM Initial Claims 09/03
Sep 8 8:30 AM Continuing Claims 08/27
Sep 8 8:30 AM Trade Balance Jul
Sep 8 11:00 AM Crude Inventories 09/03
Sep 8 3:00 PM Consumer Credit Jul
Sep 9 10:00 AM Wholesale Inventories Jul
Market Outlook September 6 2011
Statistically September is the worst month for the stock market so testing of lows could happen for a third or fourth time.
The potential damage Obama gangster socialism can inflict on the world is still unlimited at this point. There is no place for exceptionalism to hide once Obama makes America another gangster socialist state where exceptional people go to jail until they finally give up.
Short sellers are in a panic and are trying to create fear. But some are beginning to cover themselves and that plus corporation stock buy-backs are underlying the market. Insider buying and options distributions are now at a record level. Before August insiders were sellers of their stock in their place of work.
Obamacrap issues have stalled world growth. A welfare dependent voting block now elects socialists and communists across the free world not just China and Russia. Governments became too large in order to manage welfare, social programs, and government worker unions. Social Security has been diverted to welfare. Government investment in business has been diverted to welfare via affirmative action. Government in Freddie and Fannie has transferred $Trillions via affirmative action to welfare people with no visible work ethic or means of their own personal much less child support. We are an Obama welfare state and he will suggest more government hiring. The only program of government jobs that does work in the short run is to put long term unemployed and welfare recipients into to work programs sweeping streets, cutting grass, cleaning rivers and forests, shoveling snow etc as was done under Clinton for welfare reform.
We expect the VIX to continue to decline as the panic of smaller investors subsides similar to after the flash crash of May 6, 2010
http://finance.yahoo.com/q/bc?s=^VIX&t=5y&l=on&z=m&q=l&c=
We expect a normal advance of up to at least 50% of the total decline. See:
http://finance.yahoo.com/q/ta?s=^NYA&t=5y&l=on&z=l&q=l&p=e50%2Ce100&a=&c=
Economic recovery the past two years was one of Obama’s big lies as he continued to divide Americans, destroyed the American economy with socialism and corruption, and barked at Congress and now barks at the increasing numbers of disappointed voters. But could the bulk shipments finally be getting ready to break out? See 1yr chart at:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stocks were down Monday. China down -1.9%, Hong Kong down -2.9%, India down -0.6%, and Japan down -1.8%.
European markets are down Monday Germany down –5.3% France down –4.7%, Britain down –3.6%, Swiss down -4%.
Asian Stocks were mixed last night. China down 0.3%, Hong Kong up 0.5%, India up 0.9%, and Japan down -2.2%.
European markets are up today Germany up 1% France up 0.8%, Britain up 1.5%, Swiss up 4.6% at 6:45AM EST half way through their day.
.
American markets futures are down about –1.2% to –1.4% at 6:45 AM EST
Corporations have over $500 billion in cash to invest and it does not look like they will invest in jobs as long as Obama’s socialized medicine and new taxes loom. Corporate cash hoards will provide needed liquidity as Obama gangsters disrupts banking. It can also be used to buy corporate stock or fund mergers. Remember if the money multiplier effect is 20:1(the money changes hands 20 times) that $500billion becomes $10Trillion so it would only take 10% of the corporations to buy back and to put $1trillion into the stock market
See:
Obama and the Burden of Exceptionalism
Post-'60s liberals, with the president as their standard bearer, seek to make a virtue of decline.
By SHELBY STEELE
http://online.wsj.com/article/SB10001424053111904787404576532623176115558.html?mod=googlenews_wsj
Summary:
Clearly Americans expected exceptionalism from Obama who could have shown that America had achieved near perfect social mobility… not his assault on America's exceptionalism of scientific, economic and cultural preeminence.
American exceptionalism is, among other things, the result of a difficult rigor: the use of individual initiative as the engine of development within a society that strives to ensure individual freedom through the rule of law. Over time a society like this will become great. This is how—despite all our flagrant shortcomings and self-betrayals—America evolved into an exceptional nation.
Obama was elected to make a stretch toward exceptionalism. It should be held against him that he has done the direct opposite.
GE’s socialist CEO, Immelt, begins a second decade of using the assets to finance re-education of America for the abandonment of free enterprise and the advancement of gangster socialism to redistribute wealth from those who still enjoy working for a living and crush human motivation to become exceptional.
In 2009, more than a dozen of Obama’s agents with automatic weapons invaded the Gibson factory in Nashville. The Obama Government seized guitars and a substantial amount of materials and records. To date, 1 year and 9 months later, no charges have been filed, yet the Obama gangster government agents still hold Gibson’s property. This is not the first stupid Obama “Russian communist” gangster style raid. Gibson factories have been raided twice, most recently last week, by Obama agents. Obama would make a good Russian Putin but he is just an American moron of unknown origin.
http://online.wsj.com/article/SB10001424053111903895904576542942027859286.html
Deutsche Telekom AG hasn’t prepared any alternative scenarios if Obama shakes them down for contributions. Managers led by Chief Executive Officer Rene Obermann were meeting with Deutsche Telekom’s supervisory board when they heard Obama had Holden arrange to have them sued to block the deal. Obermann, who had previously demonstrated confidence that the transaction would be approved, was taken by surprise, said a person familiar with the matter, asking not to be identified because the meeting was a private call for contributions.
World markets
The report Friday that the U.S. economy failed to add any new jobs in August caused European and Asian stock markets to drop sharply Monday. But the news from Europe was even more discouraging as the interest rates paid on debt by so-called peripheral eurozone countries — Greece, Italy and Spain — rose sharply.
A survey of the services sector Monday showed a slowdown across the European continent for the fifth consecutive month. The purchasing managers' index for the eurozone showed the services sector was barely growing — unlike the sagging manufacturing sector.
Russian officers armed with assault rifles recently raided the Moscow offices of the British Petroleum, carrying out a type of ritual armed search of the white-collar premises. BP’s company has had such problems here for years, its share price often nudges up or down in response to socialist economic police raids or the arrests of employees. Separately, a Russian socialist gangster group sued BP in the Siberian court for damages alleging that BP executives serving on the board of directors of the TNK-BP subsidiary violated their fiduciary obligation to pay gangsters protection money. A similar lawsuit, also filed in a remote Siberian court, in Omsk, crippled the Norwegian telecommunications company Telenor’s business in Russia for years, ending in a large payoff settlement last year. Sometimes, police wielding guns force analysts and economists onto the floors of their offices destroying any sense that Moscow offers law, order, much less justice. In February, masked, armed Putin gangsters raided Deutsche Bank’s main office in Moscow, looking for documents related to a commercial mortgage of a Putin friend. In November, police armed with automatic weapons raided a bank belonging to the billionaire Aleksander Y. Lebedev, of the national airline Aeroflot. Another American businessman had all his corporation assets stolen and his Russian lawyer was arrested and tortured to death for taking his case to court. Sounds like Obama has the same technique as Putin.
World markets may have set their lows for now and in some cases they set double bottoms. China tests last year’s low. http://finance.yahoo.com/echarts?s=000001.SS+Interactive#chart1:symbol=000001.ss;range=5y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
Germany resumes decline.
http://finance.yahoo.com/echarts?s=^GDAXI+Interactive#chart6:symbol=^gdaxi;range=5y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
The Swiss government and central bank talks about a possible target for the Swiss franc to halt its gains has failed and the Swiss franc is rising again. The Swiss market has not yet double bottomed and has a way to go.
http://finance.yahoo.com/echarts?s=^SSMI+Interactive#chart2:symbol=^ssmi;range=5y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
Emerging markets also will fall further before they double bottom. http://finance.yahoo.com/echarts?s=^BVSP+Interactive#chart1:symbol=^bvsp;range=5y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
American Economy-
Last week
Initial Claims 08/27 409K down from 417K Good
Continuing Claims 08/20 3735K up from 3641K Not good
Productivity-Rev. Q2 -0.7% down from -0.3% Not good
Unit Labor Costs - Rev. Q2 3.3% up from 2.2% - Not good
ISM Index Aug 50.6 47.down from 50.9 - Not good
Construction Spending Jul -1.3% down from 0.2% Not good
Nonfarm Payrolls Aug 0K nothing compared with 117K last month. Good thing Obama has come back from Martha’s Vineyard.
Nonfarm Private Payrolls Aug 17K down from 154K jobs created last month
Unemployment Rate Aug 9.1% same as last week 9.1% -
Hourly Earnings Aug -0.1% down from 0.4% increase last month.
Average Workweek Aug 34.2 down slightly from 34.3 last month
This Week
Sep 6 10:00 AM ISM Services Aug
Sep 7 7:00 AM MBA Mortgage Index 09/03
Sep 7 2:00 PM Fed's Beige Book Sep
Sep 8 8:30 AM Initial Claims 09/03
Sep 8 8:30 AM Continuing Claims 08/27
Sep 8 8:30 AM Trade Balance Jul
Sep 8 11:00 AM Crude Inventories 09/03
Sep 8 3:00 PM Consumer Credit Jul
Sep 9 10:00 AM Wholesale Inventories Jul
Market Outlook September 6 2011
Statistically September is the worst month for the stock market so testing of lows could happen for a third or fourth time.
The potential damage Obama gangster socialism can inflict on the world is still unlimited at this point. There is no place for exceptionalism to hide once Obama makes America another gangster socialist state where exceptional people go to jail until they finally give up.
Short sellers are in a panic and are trying to create fear. But some are beginning to cover themselves and that plus corporation stock buy-backs are underlying the market. Insider buying and options distributions are now at a record level. Before August insiders were sellers of their stock in their place of work.
Obamacrap issues have stalled world growth. A welfare dependent voting block now elects socialists and communists across the free world not just China and Russia. Governments became too large in order to manage welfare, social programs, and government worker unions. Social Security has been diverted to welfare. Government investment in business has been diverted to welfare via affirmative action. Government in Freddie and Fannie has transferred $Trillions via affirmative action to welfare people with no visible work ethic or means of their own personal much less child support. We are an Obama welfare state and he will suggest more government hiring. The only program of government jobs that does work in the short run is to put long term unemployed and welfare recipients into to work programs sweeping streets, cutting grass, cleaning rivers and forests, shoveling snow etc as was done under Clinton for welfare reform.
We expect the VIX to continue to decline as the panic of smaller investors subsides similar to after the flash crash of May 6, 2010
http://finance.yahoo.com/q/bc?s=^VIX&t=5y&l=on&z=m&q=l&c=
We expect a normal advance of up to at least 50% of the total decline. See:
http://finance.yahoo.com/q/ta?s=^NYA&t=5y&l=on&z=l&q=l&p=e50%2Ce100&a=&c=
Economic recovery the past two years was one of Obama’s big lies as he continued to divide Americans, destroyed the American economy with socialism and corruption, and barked at Congress and now barks at the increasing numbers of disappointed voters. But could the bulk shipments finally be getting ready to break out? See 1yr chart at:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stocks were down Monday. China down -1.9%, Hong Kong down -2.9%, India down -0.6%, and Japan down -1.8%.
European markets are down Monday Germany down –5.3% France down –4.7%, Britain down –3.6%, Swiss down -4%.
Asian Stocks were mixed last night. China down 0.3%, Hong Kong up 0.5%, India up 0.9%, and Japan down -2.2%.
European markets are up today Germany up 1% France up 0.8%, Britain up 1.5%, Swiss up 4.6% at 6:45AM EST half way through their day.
.
American markets futures are down about –1.2% to –1.4% at 6:45 AM EST
Corporations have over $500 billion in cash to invest and it does not look like they will invest in jobs as long as Obama’s socialized medicine and new taxes loom. Corporate cash hoards will provide needed liquidity as Obama gangsters disrupts banking. It can also be used to buy corporate stock or fund mergers. Remember if the money multiplier effect is 20:1(the money changes hands 20 times) that $500billion becomes $10Trillion so it would only take 10% of the corporations to buy back and to put $1trillion into the stock market
See:
Obama and the Burden of Exceptionalism
Post-'60s liberals, with the president as their standard bearer, seek to make a virtue of decline.
By SHELBY STEELE
http://online.wsj.com/article/SB10001424053111904787404576532623176115558.html?mod=googlenews_wsj
Summary:
Clearly Americans expected exceptionalism from Obama who could have shown that America had achieved near perfect social mobility… not his assault on America's exceptionalism of scientific, economic and cultural preeminence.
American exceptionalism is, among other things, the result of a difficult rigor: the use of individual initiative as the engine of development within a society that strives to ensure individual freedom through the rule of law. Over time a society like this will become great. This is how—despite all our flagrant shortcomings and self-betrayals—America evolved into an exceptional nation.
Obama was elected to make a stretch toward exceptionalism. It should be held against him that he has done the direct opposite.
Friday, September 2, 2011
Obama is mired in absurdity: He seeks to trade the burdens of greatness for the relief of mediocrity.
Obama is mired in absurdity: He seeks to trade the burdens of greatness for the relief of mediocrity. See SHELBY STEELE’s article below.
Obama’s Job’s plan could wait two weeks until he got home from vacation and Martha’s Vineyard but Obama and GE/MSNBC/Pravda could not wait until after the next opposition candidate debate. Now it backfired and Obama will be on TV during the football kickoff event. But you will get a full analysis right here, all the Obama bullshit again.
In 2009, more than a dozen of Obama’s big government agents with automatic weapons invaded the Gibson factory in Nashville. The Obama Government seized guitars and a substantial amount of materials and records. To date, 1 year and 9 months later, no charges have been filed, yet the Obama gangster government agents still hold Gibson’s property. Gibson Guitar, a user of scarce woods for musical instruments, for years has allied itself with environmental groups to show it was serious about preserving forests. That doesn’t stop Obama and Holden from raiding them in a shakedown of small businesses to encourage contributions to his election campaign. Though no charges have been filed Obama besmirched Gibsoin once again alleging illegal imports of wood. This is not the first stupid Obama “Russian communist” gangster style raid. Gibson factories have been raided twice, most recently last week, by federal agents who say ebony exported from India to Gibson was "fraudulently" labeled in violation of Indian export law. Where is Obama’s evidence though? And why does Obama harass Gibson for what Indian exporters are doing… isn’t that India’s job? Is Obama trying to say India doesn’t want to sell wood any more and Obama is working for India now? Is Gibson too competitive with knock-offs from India and China and Obama wants to put the small business out of business? Obama would make a good Russian Putin but he is just an American moron of unknown origin.
http://online.wsj.com/article/SB10001424053111903895904576542942027859286.html
Deutsche Telekom AG hasn’t prepared any alternative scenarios if Obama shakes them down for contributions… a management board member said today. Managers led by Chief Executive Officer Rene Obermann were meeting with Deutsche Telekom’s supervisory board yesterday when they heard Obama had Holden arrange to have them sued to block the deal. Obermann, who had previously demonstrated confidence that the transaction would be approved, was taken by surprise, said a person familiar with the matter, asking not to be identified because the meeting was a private call for contributions.
It appears the shorts miscalculated and are starting to cover themselves as corporations see this rare opportunity to buy back their stock at a substantial discount. Corporate purchases could wipe out short sellers. Uncovered short sellers could face 500% losses to unlimited losses. Warren Buffett said he would/will buy $5Billion in Bank of America yesterday and the stock rose 10% on thenews. What happens when he actually does buy the BAC stock? The multiplier effect could be 20.
Short positions are at a record high right now and as soon as volume declines again they will get whipped out in the rally. When that happens the covering of short positions will become a significant boost to buying volume. Many companies are likely to buy back their shares at a time when price-to-earnings ratios are low, providing a trigger for a rally of 10% or half the recent 20% decline. We plan to sell when we get a sell signal. It is entirely possible that the rally could reach the recent highs depending on how fast U.S. companies buy back shares since they have high cash ratios and buy backs enormously increase the rise in earnings per share. Warren Buffet said he would invest $5Billion in Bank of America. We are just seeing the corporate money ready to flow into the market and wipe out all the short sellers thus starting another rally. As prices fall it becomes more possible for corporations to take their firms private. Then short sellers could go –500% in the hole.
We need to stop the illegal government handouts to Obama’s chosen people because when all the stupid and lazy people in Greece, America, and the rest of the world are given no more free tickets and must actually work for a living like the rest of us, we can get out of the debt crisis because the welfare state is the debt crisis.
World Markets:
Germany shows strength in family owned businesses that are taking the lead snatching up opportunities at bargain prices and growing their employment.
Russian socialists use police power to beat the last pound of flesh off creative and hard working Russians. Russian officers armed with assault rifles Wednesday raided the Moscow offices of the British Petroleum, carrying out a type of ritual armed search of the white-collar premises. BP’s company has had such problems here for years, its share price often nudges up or down in response to socialist economic police raids or the arrests of employees. Separately, a Russian socialist gangster group sued BP in the Siberian court for damages alleging that BP executives serving on the board of directors of the TNK-BP subsidiary violated their fiduciary obligation to pay gangsters protection money. A similar lawsuit, also filed in a remote Siberian court, in Omsk, crippled the Norwegian telecommunications company Telenor’s business in Russia for years, ending in a large payoff settlement last year. Sometimes, police wielding guns force analysts and economists onto the floors of their offices destroying any sense that Moscow offers law, order, much less justice. Heavy-handed Putin gangster tactics are the norm. In February, masked, armed Putin gangsters raided Deutsche Bank’s main office in Moscow, looking for documents related to a commercial mortgage of a Putin friend. In November, police armed with automatic weapons raided a bank belonging to the billionaire Aleksander Y. Lebedev, of the national airline Aeroflot. Mr. Lebedev said he was sitting in his office when men in commando outfits wearing masks burst in, looking for documents. Another American businessman had all his corporation assets stolen and his Russian lawyer was arrested and tortured to death for taking his case to court. People throughout Eastern Europe complain about the Russian gangsters who still live in their villages and control the streets at night. They are protected by Putin’s gangsters who would invade if the gangsters were deported or imprisoned.
Japan to invest $2Billion in consolidation of display technology manufacturing in Japan.
Memory manufacturers are seeing a price collapse across the world.
World markets may have set most of their lows for now and in some cases they set double bottoms. China
http://finance.yahoo.com/echarts?s=^SSMI+Interactive#chart1:symbol=^ssmi;range=3m;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
Germany falters
http://finance.yahoo.com/echarts?s=^GDAXI+Interactive#chart2:symbol=^gdaxi;range=3m;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
The Swiss government and central bank talks about a possible target for the Swiss franc to halt its gains has failed and the Swiss franc is rising again. The Swiss market has not yet double bottomed and has a way to go.
http://finance.yahoo.com/echarts?s=^SSMI+Interactive#chart1:symbol=^ssmi;range=3m;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
Emerging markets also will fall further before they double bottom.
http://finance.yahoo.com/echarts?s=^BVSP+Interactive#chart1:symbol=^bvsp;range=3m;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
American Economy-
Last week
Personal Income Jul up 0.3% better than last months 0.1%
Personal Spending Jul up 0.8% much better than last months -0.2%
PCE Prices - Core Jul 0.2% not deflationary like last months 0.1%
Pending Home Sales Jun -1.3% not good last months 2.4%
Case-Shiller 20-city Index Jun -4.52% like last months -4.51%
Consumer Confidence Aug 44.5 far down from 59.5 (an outlier or cross-over??)
http://www.martincapital.com/index.php?page=graph&view=consumer_confidence
FED minutes support continued easing.
MBA Mortgage application Index 08/27 -9.6% vs -2.4% last month
Challenger Job Cuts Aug 47.0% vs 59.4%
ADP Employment Change Aug 91K down from 114K
Chicago PMI Aug 56.5 down from 58.8
Factory Orders Jul 2.4% up a lot from -0.8%
Crude Inventories 08/27 5.281M up from -2.213M
Yesterday
Initial Claims 08/27 409K down from 417K Good
Continuing Claims 08/20 3735K up from 3641K Not good
Productivity-Rev. Q2 -0.7% down from -0.3% Not good
Unit Labor Costs - Rev. Q2 3.3% up from 2.2% - Not good
ISM Index Aug 50.6 47.down from 50.9 - Not good
Construction Spending Jul -1.3% down from 0.2% Not good
This Week
Sep 2 8:30 AM Nonfarm Payrolls Aug - 75K 73K 117K -
Sep 2 8:30 AM Nonfarm Private Payrolls Aug - 100K 110K 154K -
Sep 2 8:30 AM Unemployment Rate Aug - 9.2% 9.1% 9.1% -
Sep 2 8:30 AM Hourly Earnings Aug - 0.2% 0.2% 0.4% -
Sep 2 8:30 AM Average Workweek Aug
Market Outlook September 2 2011
A short squeeze is still forming. Short sellers are in a panic and are trying to create fear. But some are beginning to cover themselves and that plus corporation stock buy-backs are underlying the market rally. Insider buying and options distributions are now at a record level. Before August insiders were sellers of their stock in their place of work.
Structural issues have stalled world growth. A welfare dependent voting block now elects socialists and communists across the free world not just China and Russia. Governments became too large in order to manage welfare, social programs, and government worker unions. Social Security has been diverted to welfare. Government investment in business has been diverted to welfare via affirmative action. Government in Freddie and Fannie has transferred $Trillions via affirmative action to people with no visible work ethic or means of personal support. We are an Obama welfare state and he will suggest more government hiring. The only program of government jobs that does work in the short run is to put long term unemployed and welfare recipients into to work programs sweeping streets, cutting grass, cleaning rivers and forests, shoveling snow etc as was done under Clinton for welfare reform.
The market rally should be somewhere between 50% and 90% of the way back to the recent spring highs. We expect a short squeeze to begin as investor volume dries up and corporations find buying their own stock or even other corporations is too good to pass up. The short squeeze will start on it own and then others will jump in so as not to miss the opportunity.
We expect the VIX to continue to decline as the panic of smaller investors subsides similar to after the flash crash of May 6, 2010
http://finance.yahoo.com/q/bc?s=^VIX&t=5y&l=on&z=m&q=l&c=
We expect a normal advance now of up to at least 50% of the total decline. See:
http://finance.yahoo.com/q/ta?s=^NYA&t=6m&l=on&z=l&q=l&p=e50%2Ce100&a=&c=
Economic recovery the past two years was one of Obama’s big lies as he continued to divide Americans, destroyed the American economy with socialism and corruption, and barked at Congress and the increasing numbers of disappointed voters. But could the bulk shipments finally be getting ready to break out? See 3yr and 5yr charts at:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stocks were down last night. China down 1.1%, Hong Kong down 1.8%, India up 0.9%, and Japan down 1.2%.
European markets are down today again -1.5% to -2.7% half way through their day.
American markets futures are down about -0.8% at 7 AM EST
Corporations have over $500 billion in cash to invest and it does not look like they will invest in jobs as long as Obama’s socialized medicine and new taxes loom. Remember if the money multiplier effect is 20:1(the money changes hands 20 times) that $500billion becomes $10Trillion so it would only take 10% of the corporations to buy back and to put $1trillion into the stock market
See:
Obama and the Burden of Exceptionalism
Post-'60s liberals, with the president as their standard bearer, seek to make a virtue of decline.
By SHELBY STEELE
http://online.wsj.com/article/SB10001424053111904787404576532623176115558.html?mod=googlenews_wsj
Summary:
Clearly Americans expected exceptionalism from Obama who could have shown that America had achieved near perfect social mobility… not his assault on America's exceptionalism of scientific, economic and cultural pre-eminence.
American exceptionalism is, among other things, the result of a difficult rigor: the use of individual initiative as the engine of development within a society that strives to ensure individual freedom through the rule of law. Over time a society like this will become great. This is how—despite all our flagrant shortcomings and self-betrayals—America evolved into an exceptional nation.
But Obama is mired in absurdity: He seeks to trade the burdens of greatness for the relief of mediocrity. But when greatness fades, when a great nation contracts to a middling place in the world, then the world in fact no longer knocks on its door. Obama effectively makes a virtue of decline—as if Obama can redeem America only by making her a lesser nation.
Since the '60s the left has enfeebled our public education system even as our wealth has expanded. Moral and cultural relativism now obscure individual responsibility.
Do we move ahead as Obama decrees, by receding—by letting go of American values, so that a creeping leftist mediocrity begins to spare us the burdens of greatness?
As a president, Barrack Obama has been a force for mediocrity. He has banked more on the hopeless interventions of government than on the exceptionalism of the people. His greatest weakness as a president is a limp confidence in his countrymen. He is afraid to ask difficult things of his constituency like “get off your ass and get a job.”
Obama was elected to make a stretch toward exceptionalism. It should be held against him that he has done the direct opposite.
Mr. Steele is a senior fellow at Stanford University's Hoover Institution. Among his books is "White Guilt" (Harper/Collins, 2007).
Obama’s Job’s plan could wait two weeks until he got home from vacation and Martha’s Vineyard but Obama and GE/MSNBC/Pravda could not wait until after the next opposition candidate debate. Now it backfired and Obama will be on TV during the football kickoff event. But you will get a full analysis right here, all the Obama bullshit again.
In 2009, more than a dozen of Obama’s big government agents with automatic weapons invaded the Gibson factory in Nashville. The Obama Government seized guitars and a substantial amount of materials and records. To date, 1 year and 9 months later, no charges have been filed, yet the Obama gangster government agents still hold Gibson’s property. Gibson Guitar, a user of scarce woods for musical instruments, for years has allied itself with environmental groups to show it was serious about preserving forests. That doesn’t stop Obama and Holden from raiding them in a shakedown of small businesses to encourage contributions to his election campaign. Though no charges have been filed Obama besmirched Gibsoin once again alleging illegal imports of wood. This is not the first stupid Obama “Russian communist” gangster style raid. Gibson factories have been raided twice, most recently last week, by federal agents who say ebony exported from India to Gibson was "fraudulently" labeled in violation of Indian export law. Where is Obama’s evidence though? And why does Obama harass Gibson for what Indian exporters are doing… isn’t that India’s job? Is Obama trying to say India doesn’t want to sell wood any more and Obama is working for India now? Is Gibson too competitive with knock-offs from India and China and Obama wants to put the small business out of business? Obama would make a good Russian Putin but he is just an American moron of unknown origin.
http://online.wsj.com/article/SB10001424053111903895904576542942027859286.html
Deutsche Telekom AG hasn’t prepared any alternative scenarios if Obama shakes them down for contributions… a management board member said today. Managers led by Chief Executive Officer Rene Obermann were meeting with Deutsche Telekom’s supervisory board yesterday when they heard Obama had Holden arrange to have them sued to block the deal. Obermann, who had previously demonstrated confidence that the transaction would be approved, was taken by surprise, said a person familiar with the matter, asking not to be identified because the meeting was a private call for contributions.
It appears the shorts miscalculated and are starting to cover themselves as corporations see this rare opportunity to buy back their stock at a substantial discount. Corporate purchases could wipe out short sellers. Uncovered short sellers could face 500% losses to unlimited losses. Warren Buffett said he would/will buy $5Billion in Bank of America yesterday and the stock rose 10% on thenews. What happens when he actually does buy the BAC stock? The multiplier effect could be 20.
Short positions are at a record high right now and as soon as volume declines again they will get whipped out in the rally. When that happens the covering of short positions will become a significant boost to buying volume. Many companies are likely to buy back their shares at a time when price-to-earnings ratios are low, providing a trigger for a rally of 10% or half the recent 20% decline. We plan to sell when we get a sell signal. It is entirely possible that the rally could reach the recent highs depending on how fast U.S. companies buy back shares since they have high cash ratios and buy backs enormously increase the rise in earnings per share. Warren Buffet said he would invest $5Billion in Bank of America. We are just seeing the corporate money ready to flow into the market and wipe out all the short sellers thus starting another rally. As prices fall it becomes more possible for corporations to take their firms private. Then short sellers could go –500% in the hole.
We need to stop the illegal government handouts to Obama’s chosen people because when all the stupid and lazy people in Greece, America, and the rest of the world are given no more free tickets and must actually work for a living like the rest of us, we can get out of the debt crisis because the welfare state is the debt crisis.
World Markets:
Germany shows strength in family owned businesses that are taking the lead snatching up opportunities at bargain prices and growing their employment.
Russian socialists use police power to beat the last pound of flesh off creative and hard working Russians. Russian officers armed with assault rifles Wednesday raided the Moscow offices of the British Petroleum, carrying out a type of ritual armed search of the white-collar premises. BP’s company has had such problems here for years, its share price often nudges up or down in response to socialist economic police raids or the arrests of employees. Separately, a Russian socialist gangster group sued BP in the Siberian court for damages alleging that BP executives serving on the board of directors of the TNK-BP subsidiary violated their fiduciary obligation to pay gangsters protection money. A similar lawsuit, also filed in a remote Siberian court, in Omsk, crippled the Norwegian telecommunications company Telenor’s business in Russia for years, ending in a large payoff settlement last year. Sometimes, police wielding guns force analysts and economists onto the floors of their offices destroying any sense that Moscow offers law, order, much less justice. Heavy-handed Putin gangster tactics are the norm. In February, masked, armed Putin gangsters raided Deutsche Bank’s main office in Moscow, looking for documents related to a commercial mortgage of a Putin friend. In November, police armed with automatic weapons raided a bank belonging to the billionaire Aleksander Y. Lebedev, of the national airline Aeroflot. Mr. Lebedev said he was sitting in his office when men in commando outfits wearing masks burst in, looking for documents. Another American businessman had all his corporation assets stolen and his Russian lawyer was arrested and tortured to death for taking his case to court. People throughout Eastern Europe complain about the Russian gangsters who still live in their villages and control the streets at night. They are protected by Putin’s gangsters who would invade if the gangsters were deported or imprisoned.
Japan to invest $2Billion in consolidation of display technology manufacturing in Japan.
Memory manufacturers are seeing a price collapse across the world.
World markets may have set most of their lows for now and in some cases they set double bottoms. China
http://finance.yahoo.com/echarts?s=^SSMI+Interactive#chart1:symbol=^ssmi;range=3m;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
Germany falters
http://finance.yahoo.com/echarts?s=^GDAXI+Interactive#chart2:symbol=^gdaxi;range=3m;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
The Swiss government and central bank talks about a possible target for the Swiss franc to halt its gains has failed and the Swiss franc is rising again. The Swiss market has not yet double bottomed and has a way to go.
http://finance.yahoo.com/echarts?s=^SSMI+Interactive#chart1:symbol=^ssmi;range=3m;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
Emerging markets also will fall further before they double bottom.
http://finance.yahoo.com/echarts?s=^BVSP+Interactive#chart1:symbol=^bvsp;range=3m;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
American Economy-
Last week
Personal Income Jul up 0.3% better than last months 0.1%
Personal Spending Jul up 0.8% much better than last months -0.2%
PCE Prices - Core Jul 0.2% not deflationary like last months 0.1%
Pending Home Sales Jun -1.3% not good last months 2.4%
Case-Shiller 20-city Index Jun -4.52% like last months -4.51%
Consumer Confidence Aug 44.5 far down from 59.5 (an outlier or cross-over??)
http://www.martincapital.com/index.php?page=graph&view=consumer_confidence
FED minutes support continued easing.
MBA Mortgage application Index 08/27 -9.6% vs -2.4% last month
Challenger Job Cuts Aug 47.0% vs 59.4%
ADP Employment Change Aug 91K down from 114K
Chicago PMI Aug 56.5 down from 58.8
Factory Orders Jul 2.4% up a lot from -0.8%
Crude Inventories 08/27 5.281M up from -2.213M
Yesterday
Initial Claims 08/27 409K down from 417K Good
Continuing Claims 08/20 3735K up from 3641K Not good
Productivity-Rev. Q2 -0.7% down from -0.3% Not good
Unit Labor Costs - Rev. Q2 3.3% up from 2.2% - Not good
ISM Index Aug 50.6 47.down from 50.9 - Not good
Construction Spending Jul -1.3% down from 0.2% Not good
This Week
Sep 2 8:30 AM Nonfarm Payrolls Aug - 75K 73K 117K -
Sep 2 8:30 AM Nonfarm Private Payrolls Aug - 100K 110K 154K -
Sep 2 8:30 AM Unemployment Rate Aug - 9.2% 9.1% 9.1% -
Sep 2 8:30 AM Hourly Earnings Aug - 0.2% 0.2% 0.4% -
Sep 2 8:30 AM Average Workweek Aug
Market Outlook September 2 2011
A short squeeze is still forming. Short sellers are in a panic and are trying to create fear. But some are beginning to cover themselves and that plus corporation stock buy-backs are underlying the market rally. Insider buying and options distributions are now at a record level. Before August insiders were sellers of their stock in their place of work.
Structural issues have stalled world growth. A welfare dependent voting block now elects socialists and communists across the free world not just China and Russia. Governments became too large in order to manage welfare, social programs, and government worker unions. Social Security has been diverted to welfare. Government investment in business has been diverted to welfare via affirmative action. Government in Freddie and Fannie has transferred $Trillions via affirmative action to people with no visible work ethic or means of personal support. We are an Obama welfare state and he will suggest more government hiring. The only program of government jobs that does work in the short run is to put long term unemployed and welfare recipients into to work programs sweeping streets, cutting grass, cleaning rivers and forests, shoveling snow etc as was done under Clinton for welfare reform.
The market rally should be somewhere between 50% and 90% of the way back to the recent spring highs. We expect a short squeeze to begin as investor volume dries up and corporations find buying their own stock or even other corporations is too good to pass up. The short squeeze will start on it own and then others will jump in so as not to miss the opportunity.
We expect the VIX to continue to decline as the panic of smaller investors subsides similar to after the flash crash of May 6, 2010
http://finance.yahoo.com/q/bc?s=^VIX&t=5y&l=on&z=m&q=l&c=
We expect a normal advance now of up to at least 50% of the total decline. See:
http://finance.yahoo.com/q/ta?s=^NYA&t=6m&l=on&z=l&q=l&p=e50%2Ce100&a=&c=
Economic recovery the past two years was one of Obama’s big lies as he continued to divide Americans, destroyed the American economy with socialism and corruption, and barked at Congress and the increasing numbers of disappointed voters. But could the bulk shipments finally be getting ready to break out? See 3yr and 5yr charts at:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stocks were down last night. China down 1.1%, Hong Kong down 1.8%, India up 0.9%, and Japan down 1.2%.
European markets are down today again -1.5% to -2.7% half way through their day.
American markets futures are down about -0.8% at 7 AM EST
Corporations have over $500 billion in cash to invest and it does not look like they will invest in jobs as long as Obama’s socialized medicine and new taxes loom. Remember if the money multiplier effect is 20:1(the money changes hands 20 times) that $500billion becomes $10Trillion so it would only take 10% of the corporations to buy back and to put $1trillion into the stock market
See:
Obama and the Burden of Exceptionalism
Post-'60s liberals, with the president as their standard bearer, seek to make a virtue of decline.
By SHELBY STEELE
http://online.wsj.com/article/SB10001424053111904787404576532623176115558.html?mod=googlenews_wsj
Summary:
Clearly Americans expected exceptionalism from Obama who could have shown that America had achieved near perfect social mobility… not his assault on America's exceptionalism of scientific, economic and cultural pre-eminence.
American exceptionalism is, among other things, the result of a difficult rigor: the use of individual initiative as the engine of development within a society that strives to ensure individual freedom through the rule of law. Over time a society like this will become great. This is how—despite all our flagrant shortcomings and self-betrayals—America evolved into an exceptional nation.
But Obama is mired in absurdity: He seeks to trade the burdens of greatness for the relief of mediocrity. But when greatness fades, when a great nation contracts to a middling place in the world, then the world in fact no longer knocks on its door. Obama effectively makes a virtue of decline—as if Obama can redeem America only by making her a lesser nation.
Since the '60s the left has enfeebled our public education system even as our wealth has expanded. Moral and cultural relativism now obscure individual responsibility.
Do we move ahead as Obama decrees, by receding—by letting go of American values, so that a creeping leftist mediocrity begins to spare us the burdens of greatness?
As a president, Barrack Obama has been a force for mediocrity. He has banked more on the hopeless interventions of government than on the exceptionalism of the people. His greatest weakness as a president is a limp confidence in his countrymen. He is afraid to ask difficult things of his constituency like “get off your ass and get a job.”
Obama was elected to make a stretch toward exceptionalism. It should be held against him that he has done the direct opposite.
Mr. Steele is a senior fellow at Stanford University's Hoover Institution. Among his books is "White Guilt" (Harper/Collins, 2007).
Thursday, September 1, 2011
A short squeeze is forming. Short sellers are in a panic and are trying to create fear. But some are beginning to cover themselves and that plus cor
A gay-advocacy group”OutServe” launched the magazine and has already produced two editions. The group says its September edition will be available for free to reeducate military members at select Army and Air Force bases.
A California solar-panel manufacturer that President Barrack Obama gave a $535 million loan guarantee to and claimed was a beneficiary of his administration's economic policies and “green technology” is laying off 1,100 workers and filing for bankruptcy.
Solyndra LLC of Fremont, Calif., had become the poster child for Obama’s funneling money to his people under the guise of investment in green technology. The president visited the company in May of last year and noted that Solyndra would hire another 1,000 workers to manufacture solar panels. Only Obama could be so stupid or so corrupt.
But hard times have hit the nation's solar industry-duuhhhhh. If Obama had half of Rush Limbaugh’s brain he would have known hard times hit the solar panel industry under Jimmy Carter when the subsidies stopped. Solyndra is just the third solar company to seek bankruptcy protection this month.
Republicans have been looking into the Solyndra loan for months. The whole Obama “Stimulation Fund” was nothing but a handout to financial backers of Obama socialism and promises to hire Obama’s “chosen people” who don’t like to work like most Americans do. The House Energy and Commerce Committee subpoenaed documents relating to the loan from the White House Office of Management and Budget. GOP Reps. Fred Upton of Michigan and Cliff Stearns of Florida issued a joint statement on Wednesday essentially saying it was clear that Solyndra was a fraudulent stimulus package deal from the start just like the millions for ACORN and other criminal socialist organizations. "We smelled a rat from the onset," Upton and Stearns said. They said they would continue to seek documents that would provide more details about the Solyndra loan. "Solyndra is just the latest casualty of the Obama administration's failed stimulus, emblematic of an economic policy that has not worked and will not work.
When Obama recently toured the company's facilities, he said the 100% loss, “was important because more clean energy would benefit the environment, the economy and national security.” "The future is here," Obama said during his visit. "we are poised to generate countless new jobs, good-paying, middle-class jobs, right here in the United States of America." Obama wants everyone to know that the Bush Administration is at fault because the Solynda's filed for the guarantee in January just before Obama was sworn in so Obama said he had to accept it because Bush told him to. Brian Harrison, Solynda's president and CEO, said ripping off taxpayers to guarantee a new loan was now impossible with the Tea Party watching, so raising capital became impossible. By Obama’s calculations the Tea Party cost Solynda's 1000 jobs. The failure of “Solar Power” has nothing to do with it lacking a market… it is totally the fault of evil bankers and the previous Bush administration and of course the Tea Party.
Another solar company, Spectrawatt Inc. of Hopewell Junction, N.Y., filed for Chapter 11 bankruptcy on Aug. 19. Its CEO said in the filing that it needed "considerable government and financial support." Spectrawatt's filing came four days after Evergreen Solar Inc. of Marlboro, Mass., filed for Chapter 11 bankruptcy.
It appears the shorts miscalculated and are starting to cover themselves as corporations see this rare opportunity to buy back their stock at a substantial discount. Corporate purchases could wipe out short sellers. Uncovered short sellers could face 500% losses to unlimited losses. Warren Buffett said he would/will buy $5Billion in Bank of America yesterday and the stock rose 10% on thenews. What happens when he actually does buy the BAC stock? The multiplier effect could be 20.
Short positions are at a record high right now and as soon as volume declines again they will get whipped out in the rally. When that happens the covering of short positions will become a significant boost to buying volume. Many companies are likely to buy back their shares at a time when price-to-earnings ratios are low, providing a trigger for a rally of 10% or half the recent 20% decline. We plan to sell when we get a sell signal. It is entirely possible that the rally could reach the recent highs depending on how fast U.S. companies buy back shares since they have high cash ratios and buy backs enormously increase the rise in earnings per share. Warren Buffet said he would invest $5Billion in Bank of America. We are just seeing the corporate money ready to flow into the market and wipe out all the short sellers thus starting another rally. As prices fall it becomes more possible for corporations to take their firms private. Then short sellers could go –500% in the hole.
While the U.S. rate of expansion has slowed slightly, the Chicago Fed’s index of 85 economic indicators improved in July for a third month on gains in production.
We need to stop the handouts to Obama’s chosen people because when all the stupid and lazy people in Greece, America, and the rest of the world are given no free ticket and must actually work for a living like the rest of us, we can get out of the debt crisis because the welfare state is the debt crisis.
World Markets:
Germany shows strength in family owned businesses that are taking the lead snatching up opportunities at bargain prices and growing their employment.
Russian socialists use police power to beat the last pound of flesh off creative and hard working Russians. Russian officers armed with assault rifles Wednesday raided the Moscow offices of the British Petroleum, carrying out a type of ritual armed search of the white-collar premises. BP’s company has had such problems here for years, its share price often nudges up or down in response to socialist economic police raids or the arrests of employees. Separately, a Russian socialist gangster group sued BP in the Siberian court for damages alleging that BP executives serving on the board of directors of the TNK-BP subsidiary violated their fiduciary obligation to pay gangsters protection money. A similar lawsuit, also filed in a remote Siberian court, in Omsk, crippled the Norwegian telecommunications company Telenor’s business in Russia for years, ending in a large payoff settlement last year. Sometimes, police wielding guns force analysts and economists onto the floors of their offices destroying any sense that Moscow offers law, order, much less justice. Heavy-handed Putin gangster tactics are the norm. In February, masked, armed Putin gangsters raided Deutsche Bank’s main office in Moscow, looking for documents related to a commercial mortgage of a Putin friend. In November, police armed with automatic weapons raided a bank belonging to the billionaire Aleksander Y. Lebedev, of the national airline Aeroflot. Mr. Lebedev said he was sitting in his office when men in commando outfits wearing masks burst in, looking for documents. Another American businessman had all his corporation assets stolen and his Russian lawyer was arrested and tortured to death for taking his case to court. People throughout Eastern Europe complain about the Russian gangsters who still live in their villages and control the streets at night. They are protected by Putin’s gangsters who would invade if the gangsters were deported or imprisoned.
Japan to invest $2Billion in consolidation of display technology manufacturing in Japan.
Memory manufacturers are seeing a price collapse across the world.
The world rally is now in full motion.
China
http://finance.yahoo.com/echarts?s=^SSMI+Interactive#chart1:symbol=^ssmi;range=3m;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
Germany
http://finance.yahoo.com/echarts?s=^GDAXI+Interactive#chart2:symbol=^gdaxi;range=3m;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
The Swiss government and central bank talks about a possible target for the Swiss franc to halt its gains has failed and the Swiss franc is rising again. The Swiss market has not yet double bottomed and has a way to go.
http://finance.yahoo.com/echarts?s=^SSMI+Interactive#chart1:symbol=^ssmi;range=3m;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
Emerging markets also will fall further before they double bottom.
http://finance.yahoo.com/echarts?s=^BVSP+Interactive#chart1:symbol=^bvsp;range=3m;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
American Economy-
Last week
Personal Income Jul up 0.3% better than last months 0.1%
Personal Spending Jul up 0.8% much better than last months -0.2%
PCE Prices - Core Jul 0.2% not deflationary like last months 0.1%
Pending Home Sales Jun -1.3% not good last months 2.4%
Case-Shiller 20-city Index Jun -4.52% like last months -4.51%
Consumer Confidence Aug 44.5 far down from 59.5 (an outlier or cross-over??)
http://www.martincapital.com/index.php?page=graph&view=consumer_confidence
FED minutes support continued easing.
Yesterday
MBA Mortgage application Index 08/27 -9.6% vs -2.4% last month
Challenger Job Cuts Aug 47.0% vs 59.4%
ADP Employment Change Aug 91K down from 114K
Chicago PMI Aug 56.5 down from 58.8
Factory Orders Jul 2.4% up a lot from -0.8%
Crude Inventories 08/27 5.281M up from -2.213M
This Week
Sep 1 8:30 AM Initial Claims 08/27
Sep 1 8:30 AM Continuing Claims 08/20
Sep 1 8:30 AM Productivity-Rev. Q2
Sep 1 8:30 AM Unit Labor Costs - Rev. Q2
Sep 1 10:00 AM ISM Index Aug
Sep 1 10:00 AM Construction Spending Jul
Sep 1 3:00 PM Auto Sales Sep - NA NA 3.93M
Sep 1 3:00 PM Truck Sales Sep - NA NA 5.56M –
Sep 2 8:30 AM Nonfarm Payrolls Aug - 75K 73K 117K -
Sep 2 8:30 AM Nonfarm Private Payrolls Aug - 100K 110K 154K -
Sep 2 8:30 AM Unemployment Rate Aug - 9.2% 9.1% 9.1% -
Sep 2 8:30 AM Hourly Earnings Aug - 0.2% 0.2% 0.4% -
Sep 2 8:30 AM Average Workweek Aug
Market Outlook September 1 2011
A short squeeze is forming. Short sellers are in a panic and are trying to create fear. But some are beginning to cover themselves and that plus corporation stock buy-backs are underlying the market rally.
Structural issues have stalled world growth. A welfare dependent voting block now elects socialists and communists across the free world. Governments became too large in order to manage welfare, social programs, and government worker unions. Social Security has been diverted to welfare. Government investment in business investment has been diverted to welfare via affirmative action. Government in Freddie and Fannie has transferred $Trillions via affirmative action to people with no visible work ethic or means of personal support. We are an Obama welfare state and he will suggest more government hiring. The only program of government jobs that does work in the short run is to put long term unemployed and welfare recipients into to work programs sweeping streets, cutting grass, cleaning rivers and forests, shoveling snow etc as was done under Clinton for welfare reform.
The market rally should be somewhere between 50% and 90% of the way to the recent spring highs. There may be some consolidation today after Bernacke speaks. We expect a short squeeze to begin as investor volume dries up and corporations find buying their own stock or even other corporations is too good to pass up. The short squeeze will start on it own and then others will jump in so as not to miss the opportunity.
We expect the VIX to continue to decline as the panic of smaller investors subsides similar to after the flash crash of May 6, 2010
http://finance.yahoo.com/q/bc?s=^VIX&t=5y&l=on&z=m&q=l&c=
We expect a normal advance now of up to at least 50% of the total decline. See:
http://finance.yahoo.com/q/ta?s=^NYA&t=6m&l=on&z=l&q=l&p=e50%2Ce100&a=&c=
Economic recovery the past two years was one of Obama’s big lies as he continued to divide Americans, destroyed the American economy with socialism and corruption, and barked at Congress and the increasing numbers of disappointed voters. But could the bulk shipments finally be getting ready to break out? See 3yr and 5yr charts at:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stocks were up again last night. China down 0.4%, Hong Kong up 0.3%, India up 1.6%, and Japan up 1.2%.
European markets are down today -0.5% to -1.7% half way through their day.
American markets futures are up about 0.8% at 7 AM EST
Corporations have over $500 billion in cash to invest and it does not look like they will invest in jobs as long as stupid barking Obama’s socialized medicine and new stupid barking Obama new taxes loom. Remember if the money multiplier effect is 20:1(the money changes hands 20 times) that $500billion becomes $10Trillion so it would only take 10% of the corporations to buy back and to put $1trillion into the stock market
A California solar-panel manufacturer that President Barrack Obama gave a $535 million loan guarantee to and claimed was a beneficiary of his administration's economic policies and “green technology” is laying off 1,100 workers and filing for bankruptcy.
Solyndra LLC of Fremont, Calif., had become the poster child for Obama’s funneling money to his people under the guise of investment in green technology. The president visited the company in May of last year and noted that Solyndra would hire another 1,000 workers to manufacture solar panels. Only Obama could be so stupid or so corrupt.
But hard times have hit the nation's solar industry-duuhhhhh. If Obama had half of Rush Limbaugh’s brain he would have known hard times hit the solar panel industry under Jimmy Carter when the subsidies stopped. Solyndra is just the third solar company to seek bankruptcy protection this month.
Republicans have been looking into the Solyndra loan for months. The whole Obama “Stimulation Fund” was nothing but a handout to financial backers of Obama socialism and promises to hire Obama’s “chosen people” who don’t like to work like most Americans do. The House Energy and Commerce Committee subpoenaed documents relating to the loan from the White House Office of Management and Budget. GOP Reps. Fred Upton of Michigan and Cliff Stearns of Florida issued a joint statement on Wednesday essentially saying it was clear that Solyndra was a fraudulent stimulus package deal from the start just like the millions for ACORN and other criminal socialist organizations. "We smelled a rat from the onset," Upton and Stearns said. They said they would continue to seek documents that would provide more details about the Solyndra loan. "Solyndra is just the latest casualty of the Obama administration's failed stimulus, emblematic of an economic policy that has not worked and will not work.
When Obama recently toured the company's facilities, he said the 100% loss, “was important because more clean energy would benefit the environment, the economy and national security.” "The future is here," Obama said during his visit. "we are poised to generate countless new jobs, good-paying, middle-class jobs, right here in the United States of America." Obama wants everyone to know that the Bush Administration is at fault because the Solynda's filed for the guarantee in January just before Obama was sworn in so Obama said he had to accept it because Bush told him to. Brian Harrison, Solynda's president and CEO, said ripping off taxpayers to guarantee a new loan was now impossible with the Tea Party watching, so raising capital became impossible. By Obama’s calculations the Tea Party cost Solynda's 1000 jobs. The failure of “Solar Power” has nothing to do with it lacking a market… it is totally the fault of evil bankers and the previous Bush administration and of course the Tea Party.
Another solar company, Spectrawatt Inc. of Hopewell Junction, N.Y., filed for Chapter 11 bankruptcy on Aug. 19. Its CEO said in the filing that it needed "considerable government and financial support." Spectrawatt's filing came four days after Evergreen Solar Inc. of Marlboro, Mass., filed for Chapter 11 bankruptcy.
It appears the shorts miscalculated and are starting to cover themselves as corporations see this rare opportunity to buy back their stock at a substantial discount. Corporate purchases could wipe out short sellers. Uncovered short sellers could face 500% losses to unlimited losses. Warren Buffett said he would/will buy $5Billion in Bank of America yesterday and the stock rose 10% on thenews. What happens when he actually does buy the BAC stock? The multiplier effect could be 20.
Short positions are at a record high right now and as soon as volume declines again they will get whipped out in the rally. When that happens the covering of short positions will become a significant boost to buying volume. Many companies are likely to buy back their shares at a time when price-to-earnings ratios are low, providing a trigger for a rally of 10% or half the recent 20% decline. We plan to sell when we get a sell signal. It is entirely possible that the rally could reach the recent highs depending on how fast U.S. companies buy back shares since they have high cash ratios and buy backs enormously increase the rise in earnings per share. Warren Buffet said he would invest $5Billion in Bank of America. We are just seeing the corporate money ready to flow into the market and wipe out all the short sellers thus starting another rally. As prices fall it becomes more possible for corporations to take their firms private. Then short sellers could go –500% in the hole.
While the U.S. rate of expansion has slowed slightly, the Chicago Fed’s index of 85 economic indicators improved in July for a third month on gains in production.
We need to stop the handouts to Obama’s chosen people because when all the stupid and lazy people in Greece, America, and the rest of the world are given no free ticket and must actually work for a living like the rest of us, we can get out of the debt crisis because the welfare state is the debt crisis.
World Markets:
Germany shows strength in family owned businesses that are taking the lead snatching up opportunities at bargain prices and growing their employment.
Russian socialists use police power to beat the last pound of flesh off creative and hard working Russians. Russian officers armed with assault rifles Wednesday raided the Moscow offices of the British Petroleum, carrying out a type of ritual armed search of the white-collar premises. BP’s company has had such problems here for years, its share price often nudges up or down in response to socialist economic police raids or the arrests of employees. Separately, a Russian socialist gangster group sued BP in the Siberian court for damages alleging that BP executives serving on the board of directors of the TNK-BP subsidiary violated their fiduciary obligation to pay gangsters protection money. A similar lawsuit, also filed in a remote Siberian court, in Omsk, crippled the Norwegian telecommunications company Telenor’s business in Russia for years, ending in a large payoff settlement last year. Sometimes, police wielding guns force analysts and economists onto the floors of their offices destroying any sense that Moscow offers law, order, much less justice. Heavy-handed Putin gangster tactics are the norm. In February, masked, armed Putin gangsters raided Deutsche Bank’s main office in Moscow, looking for documents related to a commercial mortgage of a Putin friend. In November, police armed with automatic weapons raided a bank belonging to the billionaire Aleksander Y. Lebedev, of the national airline Aeroflot. Mr. Lebedev said he was sitting in his office when men in commando outfits wearing masks burst in, looking for documents. Another American businessman had all his corporation assets stolen and his Russian lawyer was arrested and tortured to death for taking his case to court. People throughout Eastern Europe complain about the Russian gangsters who still live in their villages and control the streets at night. They are protected by Putin’s gangsters who would invade if the gangsters were deported or imprisoned.
Japan to invest $2Billion in consolidation of display technology manufacturing in Japan.
Memory manufacturers are seeing a price collapse across the world.
The world rally is now in full motion.
China
http://finance.yahoo.com/echarts?s=^SSMI+Interactive#chart1:symbol=^ssmi;range=3m;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
Germany
http://finance.yahoo.com/echarts?s=^GDAXI+Interactive#chart2:symbol=^gdaxi;range=3m;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
The Swiss government and central bank talks about a possible target for the Swiss franc to halt its gains has failed and the Swiss franc is rising again. The Swiss market has not yet double bottomed and has a way to go.
http://finance.yahoo.com/echarts?s=^SSMI+Interactive#chart1:symbol=^ssmi;range=3m;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
Emerging markets also will fall further before they double bottom.
http://finance.yahoo.com/echarts?s=^BVSP+Interactive#chart1:symbol=^bvsp;range=3m;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
American Economy-
Last week
Personal Income Jul up 0.3% better than last months 0.1%
Personal Spending Jul up 0.8% much better than last months -0.2%
PCE Prices - Core Jul 0.2% not deflationary like last months 0.1%
Pending Home Sales Jun -1.3% not good last months 2.4%
Case-Shiller 20-city Index Jun -4.52% like last months -4.51%
Consumer Confidence Aug 44.5 far down from 59.5 (an outlier or cross-over??)
http://www.martincapital.com/index.php?page=graph&view=consumer_confidence
FED minutes support continued easing.
Yesterday
MBA Mortgage application Index 08/27 -9.6% vs -2.4% last month
Challenger Job Cuts Aug 47.0% vs 59.4%
ADP Employment Change Aug 91K down from 114K
Chicago PMI Aug 56.5 down from 58.8
Factory Orders Jul 2.4% up a lot from -0.8%
Crude Inventories 08/27 5.281M up from -2.213M
This Week
Sep 1 8:30 AM Initial Claims 08/27
Sep 1 8:30 AM Continuing Claims 08/20
Sep 1 8:30 AM Productivity-Rev. Q2
Sep 1 8:30 AM Unit Labor Costs - Rev. Q2
Sep 1 10:00 AM ISM Index Aug
Sep 1 10:00 AM Construction Spending Jul
Sep 1 3:00 PM Auto Sales Sep - NA NA 3.93M
Sep 1 3:00 PM Truck Sales Sep - NA NA 5.56M –
Sep 2 8:30 AM Nonfarm Payrolls Aug - 75K 73K 117K -
Sep 2 8:30 AM Nonfarm Private Payrolls Aug - 100K 110K 154K -
Sep 2 8:30 AM Unemployment Rate Aug - 9.2% 9.1% 9.1% -
Sep 2 8:30 AM Hourly Earnings Aug - 0.2% 0.2% 0.4% -
Sep 2 8:30 AM Average Workweek Aug
Market Outlook September 1 2011
A short squeeze is forming. Short sellers are in a panic and are trying to create fear. But some are beginning to cover themselves and that plus corporation stock buy-backs are underlying the market rally.
Structural issues have stalled world growth. A welfare dependent voting block now elects socialists and communists across the free world. Governments became too large in order to manage welfare, social programs, and government worker unions. Social Security has been diverted to welfare. Government investment in business investment has been diverted to welfare via affirmative action. Government in Freddie and Fannie has transferred $Trillions via affirmative action to people with no visible work ethic or means of personal support. We are an Obama welfare state and he will suggest more government hiring. The only program of government jobs that does work in the short run is to put long term unemployed and welfare recipients into to work programs sweeping streets, cutting grass, cleaning rivers and forests, shoveling snow etc as was done under Clinton for welfare reform.
The market rally should be somewhere between 50% and 90% of the way to the recent spring highs. There may be some consolidation today after Bernacke speaks. We expect a short squeeze to begin as investor volume dries up and corporations find buying their own stock or even other corporations is too good to pass up. The short squeeze will start on it own and then others will jump in so as not to miss the opportunity.
We expect the VIX to continue to decline as the panic of smaller investors subsides similar to after the flash crash of May 6, 2010
http://finance.yahoo.com/q/bc?s=^VIX&t=5y&l=on&z=m&q=l&c=
We expect a normal advance now of up to at least 50% of the total decline. See:
http://finance.yahoo.com/q/ta?s=^NYA&t=6m&l=on&z=l&q=l&p=e50%2Ce100&a=&c=
Economic recovery the past two years was one of Obama’s big lies as he continued to divide Americans, destroyed the American economy with socialism and corruption, and barked at Congress and the increasing numbers of disappointed voters. But could the bulk shipments finally be getting ready to break out? See 3yr and 5yr charts at:
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stocks were up again last night. China down 0.4%, Hong Kong up 0.3%, India up 1.6%, and Japan up 1.2%.
European markets are down today -0.5% to -1.7% half way through their day.
American markets futures are up about 0.8% at 7 AM EST
Corporations have over $500 billion in cash to invest and it does not look like they will invest in jobs as long as stupid barking Obama’s socialized medicine and new stupid barking Obama new taxes loom. Remember if the money multiplier effect is 20:1(the money changes hands 20 times) that $500billion becomes $10Trillion so it would only take 10% of the corporations to buy back and to put $1trillion into the stock market
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