Republicans need to win only four seats to take control of the Senate.
The corporation Obama hired to re-organize GM was the same one where Mitt Romney worked. The disingenuous ignoranis Obama campaign plans to attack Mitt Romney saying he was a corporation raider and job destroyer like Gordon Gekko: in the 1987 movie, Wall Street. Gordon Gekko in it says, “Now you're not naive enough to think we're living in a democracy, are you buddy? It's the free market. And you're a part of it.”
America is the land of liberty and liberty is the source of free enterprise which is what works in a bottoms up free society. There is no top down socialist, communist, fascist, Nazi, or any other supreme government ruler society that ever lasted longer than it took to eat the elephant they killed. Socialist nations are tribes that are starving so they kill off their economic elephants and feast until there are none left and then they go back to starvation. Killing and stealing everything they could kept the USSR alive for about 80 years. They killed all their entrepreneurs who knew how to create, how earn a profit. The true socialist knows that all true socialists think that profit is an evil expropriation of the worker’s labor. That is what Karl Marx believed and Mao believed and what Obama believes. But profit comes from the usefulness of the product, and loss comes from the cost of labor. Net profit comes from the difference. We can make things 99% with machines and that is in no way the fruit of labor it is the fruit of human intelligence which socialist lack. American workers in offices are running computers that do 90% of the work and as a result they get four times the salary in the average world economic system and the corporation takes the other 50% of the difference. Americans are paid much more only because our machines do much of our work freeing Americans up to think and be creative, inventive, and risk takers.And everyone who thought of himself as a supreme ruler was insanely evil and thought he had a right to plunder and murder. But the Founders of the American Republic and most intelligent people including Einstein believed that in this universe there could only be one supreme central ruler. The wannabes are all evil.
It is disingenuous for Obama to say the Canada pipeline has not been studied. The Government labs signed off on it. It is ignoranus presidential politics as usual.
Doug’s new words for the Obama dictionary
1. Cashtration (n.): The act of buying a house, while Obama and Holden are still permitting liar loans.
2. Ignoranus: A socialist, one who's both stupid and an asshole.
3. Intaxicaton: Euphoria at getting a payroll tax refund, which lasts until you realize it was for your future Social Security and you will have to eat dog food like many seniors had to do under Jimmy Carter.
4. RepubliKarmageddon: It's like, when everybody is sending off all these really bad vibes in Congress, right? And then, like, the Earth explodes and it's like, a real serious bummer.
5. Bozone ( n.): The substance surrounding Al Gore that stops intelligent thought from penetrating. The bozone layer, unfortunately, is causing the signs of global warming.
6. Dopeler Effect: The tendency of Obama’s new jobs ideas to seem smarter when they come at you rapidly, and dumber as they go away.
George Bush inherited the Recession and 911 and he never blamed Clinton for his Dot-Com Bubble, Enron, and rocket attacks on Afghanistan and the Mid-East. Obama caused his own “Obama Depression with Senators Reid and Dodd first with “Liar Loans” as their interpretation of affirmative action and then by stupidly declaring a “Great Depression” and thus causing a run on the banks (with the help of Dodd’s leaks) by lying in the Obama election campaign and blaming President Bush. Then Obama blamed Bush for all of America’s lost jobs as he goes out, publicly disgraces Americans showing soldiers who pissed on killers, and announces he is laying of 80,000 soldiers as part of his jobs stimulation package. When Obama was elected he made sure the economy would never recover with “Obama trickle up your leg, peeing economy.”
That is how Obama’s trickle up economy works.
He give $Billions of Liar-Loans (Obama and Holden still require them for affirmative action)
he gives reparations to people of his voting block who lie and say their great-grandparents did not get a fair share of government handouts they deserved as “farmers,” and so gives the $30 Billion reparations while bankrupting America.
and then he pees on the middle class working people’s legs buy removing their Social Security payment and says, “doesn’t that trickle up give you a warm feeling.
But Obama clearly plans to eliminate Social Security based on Worker Payroll contributions and go to strait welfare for senior citizens if he is re-elected. He started that by ending the payroll taxes that finance Social Security and plans to make that permanent. He plans to make Social Security straight trickle up Government Welfare where his lazy, lying, unemployable voting block gets an easy pass to lounge around from cradle to grave and true Americans must work until they are 70 years old. Obama tells workers that he has eliminated Payroll taxes that fund Social Security in order to stimulate the economy but Obama is lying, he is dismantling Social Security which had been the worker’s money and is replacing it with Welfare which is a politically based handout not an entitlement. “Rich” senior citizens who have $50,000 or a home will not even be entitled to Social Security any more until they lose their house. Poor unmarried women with four children will continue to get their “trickle” of $6000 per month welfare. Obama says why shouldn’t his voting block of lazy socialists have everything a working American has because he truly believes jobs are a gift from government. That is what happens to the brains of people who get a lifetime gift of welfare and liar loans based on their dysfunctional lifestyle.
World markets
The World Bank cut its forecast for global growth including China, by the most in three years to 2.5%
Europeans want to steal $500Billion of IMF funds from developing countries to buy European damaged debt, which will face default later. The Europeans have displaced America which started the IMF with American money and was originally intended to help developing countries. Bankrupt socialist states see it as another “elephant” to eat to stay afloat a little longer.
Gross domestic product in China, the world’s second-largest economy, grew 8.9 percent in the fourth quarter. China may invest in the world stock markets. That means they will inevitably cause a bubble and instability. Also they will not be transparent in their dealings and will add to market uncertainty.
Asian markets (especially China) are failing to break out some on the second and third times at resistance levels.
http://finance.yahoo.com/intlindices?e=asia
Germany is showing strength: Choose 2 or 5 years
http://finance.yahoo.com/echarts?s=%5EGDAXI+Interactive#chart2:symbol=^gdaxi;range=2y;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on
The Swiss are showing strength. Choose 2 or 5 years http://finance.yahoo.com/echarts?s=%5ESSMI+Interactive#chart1:symbol=^ssmi;range=2y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
Emerging markets show strength.
http://finance.yahoo.com/echarts?s=^BVSP+Interactive#chart1:symbol=^bvsp;range=2y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefine
American Economy
Goldman Sachs profit fell 58%
Empire Manufacturing Index up Jan to 13.5 from December’s 9.5 and shows manufacturing still doing well. Chinese goods are seeing sharp price rises as China’s wages get better for their workers.
Today
Jan 18 7:00 AM MBA Mortgage Index 01/14
Jan 18 7:00 AM MBA Mortgage Purchase Index 01/14
Jan 18 8:30 AM PPI Dec
Jan 18 8:30 AM Core PPI Dec
Jan 18 9:00 AM Net Long-Term TIC Flows Nov-
Jan 18 9:15 AM Industrial Production Dec
Jan 18 9:15 AM Capacity Utilization Dec
Jan 18 10:00 AM NAHB Housing Market Index Jan
This Week
Jan 19 8:30 AM Initial Claims 01/14
Jan 19 8:30 AM Continuing Claims 01/07
Jan 19 8:30 AM Core CPI Dec
Jan 19 8:30 AM CPI Dec
Jan 19 8:30 AM Core CPI Dec
Jan 19 8:30 AM CPI Dec
Jan 19 8:30 AM Housing Starts Dec
Jan 19 8:30 AM Building Permits Dec
Jan 19 10:00 AM Philadelphia Fed Jan
Jan 19 11:00 AM Crude Inventories 01/14
Jan 20 10:00 AM Existing Home Sales Dec
Market outlook January 18, 2012
US inflation remains below 2.5% meaning that Gold and Silver are now sucker investments executed at high commissions. Both commodities peaked last year. We predict that gold which sold for under $300/oz in 2000 will be selling below $800/0z by 2020. That is a long time to wait to take the loss. The loss is a lot smaller right now.
Stocks and copper prices climbed to the highest in almost four months as China’s economic slowdown fueled speculation China’s monetary policy will ease. But that is just an example of ignoranus advertising to get people to pay commissions and paying high fees to buy gold and commodities while there is no other demand. They make up these stories because they are going broke on their bad investments and need more cash from novice investors.
Earnings reports in January are not likely to be good because the real growth (growth-2.5% inflation) was still negative. We have pointed out negative growth for several quarters now where the growth is less than even the feeble inflation rate.
A stock market consolidation would be in order soon and then perhaps another advance. But the EU is still a problem. Obama military cutbacks could put an end to the slight improvements of this past quarter. But the last quarter appears to have been almost flat. Obama anti-incentive economic policies continue to destroy the very foundation of the American economy. He offers his constituents cradle to grave welfare, which is his way of buying their votes. The only employed Obama constituents have jobs where they just show up for 6 hrs and dole out welfare to his other constituents. The government welfare organization is not integrated… it is a majority of minorities and people of the wrong color have problems and need lawyers to help senior citizens who go broke and lost everything to the collapse of real estate due to Obama’s continuing liar loan government policy.
The NYSE MACD is definitely bullish and implies we could see the bull market last until November 2012. You can also see the down side cross over occurred in May-June of 2011 in plenty of time to get out of the stock market. The upside cross over came in mid October in time to catch the last dip and the rally. But you can see that most stocks have not recovered yet.
http://www.martincapital.com/index.php?page=graph&view=macd
Now Obama and Holden are suing the banks for the money the racist liars lost when the housing market collapsed all because the racist liars defaulted on the houses they purchased with liar loans and no source of income to make mortgage payments.
http://www.martincapital.com/index.php?page=graph&view=permits_and_construction
When it comes to jobs, Obama has to manipulate the government statistics just like all communists do to pretend things are better. Sales are up because consumers have been refinancing at lower rate and dropping their monthly expenses. That improvement can only last a couple months http://www.martincapital.com/index.php?page=graph&view=unemployment
The VIX has is approaching 20 which would indicate complacency. That means the coming exuberant rally will be a good time to take profits and raise cash.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=6m&l=on&z=m&q=l&c=
We predict we could possibly have as much as 95% stock market recovery. But realize that as the upside potential is approached, then the downside risk exceeds the upside potential and it is time to lighten up. Also, remember January was very good last year and the market went down significantly afterwards so January is not necessarily a good predictor for the year. View 1yr. See:
http://finance.yahoo.com/echarts?s=^NYA+Interactive#chart4:symbol=^nya;range=1y;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
Bulk shipments still at less than 20% of the bulk trade level that existed before Obama declared the USA was in a depression in one of his 2007-2008 campaign speeches. It is also slipping again.
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stock markets were mixed last night. China down –1.4%, Hong Kong up 0.3%, India down -0.1%, and Japan up 1%
European markets are mixed today in a range -0.3% to +0.4% with Italy a high outlier half way through their day.
American market futures are up about 0.3% in after hour trading at 8 AM EST. We may be the end of this Fall rally now. It could continue but erratically. It is getting precarious. Bull markets creep up and then the Hedge funds chop off their heads.
Wednesday, January 18, 2012
Tuesday, January 17, 2012
The corporation Obama hired to re-organize GM was the same one where Mitt Romney worked.
Doug’s new words for the Obama dictionary
1. Cashtration (n.): The act of buying a house, while Obama and Holden are still permitting liar loans
2. Ignoranus: A socialist, one who's both stupid and an asshole.
3. Intaxicaton: Euphoria at getting a payroll tax refund, which lasts until you realize it was for your future Social Security and you will have to eat dog food like many seniors had to do under Jimmy Carter.
4. RepubliKarmageddon: It's like, when everybody is sending off all these really bad vibes in Congress, right? And then, like, the Earth explodes and it's like, a real serious bummer.
5. Bozone ( n.): The substance surrounding Al Gore that stops intelligent thought from penetrating. The bozone layer, unfortunately, is causing the signs of global warming.
6. Dopeler Effect: The tendency of Obama’s new jobs ideas to seem smarter when they come at you rapidly, and dumber as they go by.
George Bush inherited the Recession and 911 and he never blamed Clinton for his Dot-Com Bubble, Enron, and rocket attacks on Afghanistan and the Mid-East. Obama caused his own “Obama Depression with Senators Reid and Dodd first with “Liar Loans” as their interpretation of affirmative action and then by stupidly declaring a “Great Depression” and thus causing a run on the banks (with the help of Dodd’s leaks) by lying in the Obama election campaign and blaming President Bush. Then Obama blamed Bush for all of America’s lost jobs as he goes out, publicly disgraces Americans showing soldiers who pissed on killers, and announces he is laying of 80,000 soldiers as part of his jobs stimulation package. When Obama was elected he made sure the economy would never recover with “Obama trickle up your leg, peeing economy.”
That is how Obama’s trickle up economy works.
He give $Billions of Liar-Loans (Obama and Holden still require them for affirmative action)
he gives reparations to people of his voting block who lie and say their great-grandparents did not get a fair share of government handouts they deserved as “farmers,” and so gives the $30 Billion reparations while bankrupting America.
and then he pees on the middle class working people’s legs buy removing their Social Security payment and says, “doesn’t that trickle up give you a warm feeling.
But Obama clearly plans to eliminate Social Security based on Worker Payroll contributions and go to strait welfare for senior citizens if he is re-elected. He started that by ending the payroll taxes that finance Social Security and plans to make that permanent. He plans to make Social Security straight trickle up Government Welfare where his lazy, lying, unemployable voting block gets an easy pass to lounge around from cradle to grave and true Americans have to work until they are 70 years old. Obama tells workers that he has eliminated Payroll taxes that fund Social Security in order to stimulate the economy but Obama is lying, he is dismantling Social Security which had been the worker’s money and is replacing it with Welfare which is a politically based handout not an entitlement. “Rich” senior citizens who have $50,000 or a home will not be entitled to Social Security any more. Poor unmarried women with four children will continue to get their “trickle” of $6000 per month welfare.
World markets
Gross domestic product in China, the world’s second-largest economy, grew 8.9 percent in the fourth quarter. China may invest in the world stock markets. That means they will inevitably cause a bubble and instability. Also they will not be transparent in their dealings and will add to market uncertainty.
Asian markets (especially China) are failing to break out some on the second and third times at resistance levels.
http://finance.yahoo.com/intlindices?e=asia
Germany is showing strength: Choose 2 or 5 years
http://finance.yahoo.com/echarts?s=%5EGDAXI+Interactive#chart2:symbol=^gdaxi;range=2y;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on
The Swiss are showing strength. Choose 2 or 5 years http://finance.yahoo.com/echarts?s=%5ESSMI+Interactive#chart1:symbol=^ssmi;range=2y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
Emerging markets show strength.
http://finance.yahoo.com/echarts?s=^BVSP+Interactive#chart1:symbol=^bvsp;range=2y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefine
American Economy
The Past Week
Consumer Credit Nov was up $20.4Bin November… a tremendous spending spree that was three times as much new debt as the $7.6B in October. This monthly measure of consumer debt is volatile and subject to massive revisions. When the change is too good it actually is bad for the following month or two. While we can expect very good retail sales reports now, it means consumers will be strapped for a few months, and worried about tax season coming up.
Wholesale Inventories Nov 0.1% still increasing but not as bad as last months 1.6%
MBA Mortgage Purchase Index 01/07 rose sharply +4.5% from last month’s -3.7% good housing news
Crude Inventories 01/07 4.958M increased over 2.209M Yet pump prices are increasing as is crude oil
Initial Claims 01/07 399K up from 372K bad
Continuing Claims 12/31 3628K up from 3595K bad
Retail Sales Dec 0.1% up less than in November’s 0.2% bad
Retail Sales ex-auto Dec -0.2% down compared to November’s 0.2% bad
Business Inventories Nov 0.3% down from Nov’s 0.8% good
Treasury Budget Dec -$84.0B worse again from -$78.1B bad
Trade Balance worsened Nov -$47.8B vs Nov. -$43.5B
Export Prices ex-ag. Dropped Dec -0.2% vs Nov. -0.1% meaning less income
Import Prices ex-oi increased Dec 0.1% vs Nov. -0.2% meaning less purchasing power
Mich Sentiment rose in Jan to 74.0 from 69.9 in Dec
Today
Jan 17 8:30 AM Empire Manufacturing Jan
This Week
Jan 18 7:00 AM MBA Mortgage Index 01/14
Jan 18 7:00 AM MBA Mortgage Purchase Index 01/14
Jan 18 8:30 AM PPI Dec
Jan 18 8:30 AM Core PPI Dec
Jan 18 9:00 AM Net Long-Term TIC Flows Nov-
Jan 18 9:15 AM Industrial Production Dec
Jan 18 9:15 AM Capacity Utilization Dec
Jan 18 10:00 AM NAHB Housing Market Index Jan
Jan 19 8:30 AM Initial Claims 01/14
Jan 19 8:30 AM Continuing Claims 01/07
Jan 19 8:30 AM Core CPI Dec
Jan 19 8:30 AM CPI Dec
Jan 19 8:30 AM Core CPI Dec
Jan 19 8:30 AM CPI Dec
Jan 19 8:30 AM Housing Starts Dec
Jan 19 8:30 AM Building Permits Dec
Jan 19 10:00 AM Philadelphia Fed Jan
Jan 19 11:00 AM Crude Inventories 01/14
Jan 20 10:00 AM Existing Home Sales Dec
Market outlook January 17, 2012
Stocks and copper prices climbed to the highest in almost four months as China’s economic slowdown fueled speculation China’s monetary policy will ease. But that is just an example of ignoranus advertising to get people to pay commissions and paying high fees to buy gold and commodities while there is no other demand. They make up these stories because they are going broke on their bad investments and need more cash.
Earnings reports in January are not likely to be good because the real growth is still negative. We have pointed out negative growth for several quarters now where the growth is less than even the feeble inflation rate.
A stock market consolidation would be in order soon and then perhaps another advance. But the EU is still a problem. Obama military cutbacks could put an end to the slight improvements of this past quarter. But the last quarter appears to have been almost flat. Obama anti-incentive economic policies continue to destroy the very foundation of the American economy. He offers his constituents cradle to grave welfare, which is his way of buying their votes. The only employed Obama constituents have jobs where they just show up for 6 hrs and dole out welfare to his other constituents. The government welfare organization is not integrated… it is a majority of minorities and people of the wrong color have problems and need lawyers to help senior citizens who go broke and lost everything to the collapse of real estate due to Obama’s continuing liar loan government policy.
The NYSE MACD is definitely bullish and implies we could see the bull market last until November 2012. You can also see the down side cross over occurred in May-June of 2011 in plenty of time to get out of the stock market. The upside cross over came in mid October in time to catch the last dip and the rally. But you can see that most stocks have not recovered yet.
http://www.martincapital.com/index.php?page=graph&view=macd
Now Obama and Holden are suing the banks for the money the racist liars lost when the housing market collapsed all because the racist liars defaulted on the houses they purchased with liar loans and no source of income to make mortgage payments.
http://www.martincapital.com/index.php?page=graph&view=permits_and_construction
When it comes to jobs, Obama has to manipulate the government statistics just like all communists do to pretend things are better. Sales are up because consumers have been refinancing at lower rate and dropping their monthly expenses. That improvement can only last a couple months http://www.martincapital.com/index.php?page=graph&view=unemployment
The VIX has is approaching 20 which would indicate complacency. That means the coming exuberant rally will be a good time to take profits and raise cash.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=6m&l=on&z=m&q=l&c=
We predict we could possibly have as much as 95% stock market recovery. But realize that as the upside potential is approached, then the downside risk exceeds the upside potential and it is time to lighten up. Also, remember January was very good last year and the market went down significantly afterwards so January is not necessarily a good predictor for the year. View 1yr. See:
http://finance.yahoo.com/echarts?s=^NYA+Interactive#chart4:symbol=^nya;range=1y;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
Bulk shipments still at less than 20% of the bulk trade level that existed before Obama declared the USA was in a depression in one of his 2007-2008 campaign speeches. It is also slipping again.
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stock markets surged last night. China up 4.2%, Hong Kong up 3.2%, India up 1.7%, and Japan up 1.1%
European markets are up today in a range 0.5% to +1.8% with half way through their day.
American market futures are up about 0.8% in after hour trading at 8 AM EST. We may be the end of this Fall rally now. It could continue but erratically. It is getting precarious. Bull markets creep up and then the Hedge funds chop off their heads.
1. Cashtration (n.): The act of buying a house, while Obama and Holden are still permitting liar loans
2. Ignoranus: A socialist, one who's both stupid and an asshole.
3. Intaxicaton: Euphoria at getting a payroll tax refund, which lasts until you realize it was for your future Social Security and you will have to eat dog food like many seniors had to do under Jimmy Carter.
4. RepubliKarmageddon: It's like, when everybody is sending off all these really bad vibes in Congress, right? And then, like, the Earth explodes and it's like, a real serious bummer.
5. Bozone ( n.): The substance surrounding Al Gore that stops intelligent thought from penetrating. The bozone layer, unfortunately, is causing the signs of global warming.
6. Dopeler Effect: The tendency of Obama’s new jobs ideas to seem smarter when they come at you rapidly, and dumber as they go by.
George Bush inherited the Recession and 911 and he never blamed Clinton for his Dot-Com Bubble, Enron, and rocket attacks on Afghanistan and the Mid-East. Obama caused his own “Obama Depression with Senators Reid and Dodd first with “Liar Loans” as their interpretation of affirmative action and then by stupidly declaring a “Great Depression” and thus causing a run on the banks (with the help of Dodd’s leaks) by lying in the Obama election campaign and blaming President Bush. Then Obama blamed Bush for all of America’s lost jobs as he goes out, publicly disgraces Americans showing soldiers who pissed on killers, and announces he is laying of 80,000 soldiers as part of his jobs stimulation package. When Obama was elected he made sure the economy would never recover with “Obama trickle up your leg, peeing economy.”
That is how Obama’s trickle up economy works.
He give $Billions of Liar-Loans (Obama and Holden still require them for affirmative action)
he gives reparations to people of his voting block who lie and say their great-grandparents did not get a fair share of government handouts they deserved as “farmers,” and so gives the $30 Billion reparations while bankrupting America.
and then he pees on the middle class working people’s legs buy removing their Social Security payment and says, “doesn’t that trickle up give you a warm feeling.
But Obama clearly plans to eliminate Social Security based on Worker Payroll contributions and go to strait welfare for senior citizens if he is re-elected. He started that by ending the payroll taxes that finance Social Security and plans to make that permanent. He plans to make Social Security straight trickle up Government Welfare where his lazy, lying, unemployable voting block gets an easy pass to lounge around from cradle to grave and true Americans have to work until they are 70 years old. Obama tells workers that he has eliminated Payroll taxes that fund Social Security in order to stimulate the economy but Obama is lying, he is dismantling Social Security which had been the worker’s money and is replacing it with Welfare which is a politically based handout not an entitlement. “Rich” senior citizens who have $50,000 or a home will not be entitled to Social Security any more. Poor unmarried women with four children will continue to get their “trickle” of $6000 per month welfare.
World markets
Gross domestic product in China, the world’s second-largest economy, grew 8.9 percent in the fourth quarter. China may invest in the world stock markets. That means they will inevitably cause a bubble and instability. Also they will not be transparent in their dealings and will add to market uncertainty.
Asian markets (especially China) are failing to break out some on the second and third times at resistance levels.
http://finance.yahoo.com/intlindices?e=asia
Germany is showing strength: Choose 2 or 5 years
http://finance.yahoo.com/echarts?s=%5EGDAXI+Interactive#chart2:symbol=^gdaxi;range=2y;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on
The Swiss are showing strength. Choose 2 or 5 years http://finance.yahoo.com/echarts?s=%5ESSMI+Interactive#chart1:symbol=^ssmi;range=2y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
Emerging markets show strength.
http://finance.yahoo.com/echarts?s=^BVSP+Interactive#chart1:symbol=^bvsp;range=2y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefine
American Economy
The Past Week
Consumer Credit Nov was up $20.4Bin November… a tremendous spending spree that was three times as much new debt as the $7.6B in October. This monthly measure of consumer debt is volatile and subject to massive revisions. When the change is too good it actually is bad for the following month or two. While we can expect very good retail sales reports now, it means consumers will be strapped for a few months, and worried about tax season coming up.
Wholesale Inventories Nov 0.1% still increasing but not as bad as last months 1.6%
MBA Mortgage Purchase Index 01/07 rose sharply +4.5% from last month’s -3.7% good housing news
Crude Inventories 01/07 4.958M increased over 2.209M Yet pump prices are increasing as is crude oil
Initial Claims 01/07 399K up from 372K bad
Continuing Claims 12/31 3628K up from 3595K bad
Retail Sales Dec 0.1% up less than in November’s 0.2% bad
Retail Sales ex-auto Dec -0.2% down compared to November’s 0.2% bad
Business Inventories Nov 0.3% down from Nov’s 0.8% good
Treasury Budget Dec -$84.0B worse again from -$78.1B bad
Trade Balance worsened Nov -$47.8B vs Nov. -$43.5B
Export Prices ex-ag. Dropped Dec -0.2% vs Nov. -0.1% meaning less income
Import Prices ex-oi increased Dec 0.1% vs Nov. -0.2% meaning less purchasing power
Mich Sentiment rose in Jan to 74.0 from 69.9 in Dec
Today
Jan 17 8:30 AM Empire Manufacturing Jan
This Week
Jan 18 7:00 AM MBA Mortgage Index 01/14
Jan 18 7:00 AM MBA Mortgage Purchase Index 01/14
Jan 18 8:30 AM PPI Dec
Jan 18 8:30 AM Core PPI Dec
Jan 18 9:00 AM Net Long-Term TIC Flows Nov-
Jan 18 9:15 AM Industrial Production Dec
Jan 18 9:15 AM Capacity Utilization Dec
Jan 18 10:00 AM NAHB Housing Market Index Jan
Jan 19 8:30 AM Initial Claims 01/14
Jan 19 8:30 AM Continuing Claims 01/07
Jan 19 8:30 AM Core CPI Dec
Jan 19 8:30 AM CPI Dec
Jan 19 8:30 AM Core CPI Dec
Jan 19 8:30 AM CPI Dec
Jan 19 8:30 AM Housing Starts Dec
Jan 19 8:30 AM Building Permits Dec
Jan 19 10:00 AM Philadelphia Fed Jan
Jan 19 11:00 AM Crude Inventories 01/14
Jan 20 10:00 AM Existing Home Sales Dec
Market outlook January 17, 2012
Stocks and copper prices climbed to the highest in almost four months as China’s economic slowdown fueled speculation China’s monetary policy will ease. But that is just an example of ignoranus advertising to get people to pay commissions and paying high fees to buy gold and commodities while there is no other demand. They make up these stories because they are going broke on their bad investments and need more cash.
Earnings reports in January are not likely to be good because the real growth is still negative. We have pointed out negative growth for several quarters now where the growth is less than even the feeble inflation rate.
A stock market consolidation would be in order soon and then perhaps another advance. But the EU is still a problem. Obama military cutbacks could put an end to the slight improvements of this past quarter. But the last quarter appears to have been almost flat. Obama anti-incentive economic policies continue to destroy the very foundation of the American economy. He offers his constituents cradle to grave welfare, which is his way of buying their votes. The only employed Obama constituents have jobs where they just show up for 6 hrs and dole out welfare to his other constituents. The government welfare organization is not integrated… it is a majority of minorities and people of the wrong color have problems and need lawyers to help senior citizens who go broke and lost everything to the collapse of real estate due to Obama’s continuing liar loan government policy.
The NYSE MACD is definitely bullish and implies we could see the bull market last until November 2012. You can also see the down side cross over occurred in May-June of 2011 in plenty of time to get out of the stock market. The upside cross over came in mid October in time to catch the last dip and the rally. But you can see that most stocks have not recovered yet.
http://www.martincapital.com/index.php?page=graph&view=macd
Now Obama and Holden are suing the banks for the money the racist liars lost when the housing market collapsed all because the racist liars defaulted on the houses they purchased with liar loans and no source of income to make mortgage payments.
http://www.martincapital.com/index.php?page=graph&view=permits_and_construction
When it comes to jobs, Obama has to manipulate the government statistics just like all communists do to pretend things are better. Sales are up because consumers have been refinancing at lower rate and dropping their monthly expenses. That improvement can only last a couple months http://www.martincapital.com/index.php?page=graph&view=unemployment
The VIX has is approaching 20 which would indicate complacency. That means the coming exuberant rally will be a good time to take profits and raise cash.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=6m&l=on&z=m&q=l&c=
We predict we could possibly have as much as 95% stock market recovery. But realize that as the upside potential is approached, then the downside risk exceeds the upside potential and it is time to lighten up. Also, remember January was very good last year and the market went down significantly afterwards so January is not necessarily a good predictor for the year. View 1yr. See:
http://finance.yahoo.com/echarts?s=^NYA+Interactive#chart4:symbol=^nya;range=1y;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
Bulk shipments still at less than 20% of the bulk trade level that existed before Obama declared the USA was in a depression in one of his 2007-2008 campaign speeches. It is also slipping again.
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stock markets surged last night. China up 4.2%, Hong Kong up 3.2%, India up 1.7%, and Japan up 1.1%
European markets are up today in a range 0.5% to +1.8% with half way through their day.
American market futures are up about 0.8% in after hour trading at 8 AM EST. We may be the end of this Fall rally now. It could continue but erratically. It is getting precarious. Bull markets creep up and then the Hedge funds chop off their heads.
Thursday, January 12, 2012
A consolidation would be in order soon and then probably another advance.
Philipp Hildebrand the head of the Swiss Central Bank was caught using information so his wife could speculate as George Soros does on foreign currencies. Swiss central bank supervisory council member Gerold Buehrer said Philipp Hildebrand’s replacement, as president should be don now, suggesting the government’s hiring is too slow.
Was Corzine just another socialist looter of American private enterprise working to raise money for Obama? Is it another Solyndra case of the DNC pretending to be an investor but a looter instead? Montana farmers who claim he stole their money have now sued Jon Corzine; former chief executive officer of collapsed commodity brokerage MF Global Holdings Ltd., for fraud. Is this money trail going to lead to Obama? Obama and Barney Frank looted Fannie and Freddie with the requirement that they accept Liar loans. That is about $50Billion that cannot be traced, that has simply disappeared in the hands of socialist looters. That is all George Soros does for a living. He is an unabashed looter preying most of the time on weak currencies of Socialist countries. That is why socialist Gorge loves socialism. It is so easy to loot! That is because the socialist’s government commissars are all morons.
World markets
China seems to be near their bottom now so if the USA looks like it will throw out Obama then after the current USA rally we will likely have another buying rally the likely it will end on about election day.
Asian markets (especially China) care failing to break out some on the second and third times at resistance levels.
http://finance.yahoo.com/intlindices?e=asia
Germany is showing strength: Choose 2 or 5 years
http://finance.yahoo.com/echarts?s=%5EGDAXI+Interactive#chart2:symbol=^gdaxi;range=2y;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on
The Swiss are showing strength. Choose 2 or 5 years http://finance.yahoo.com/echarts?s=%5ESSMI+Interactive#chart1:symbol=^ssmi;range=2y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
Emerging markets show strength.
http://finance.yahoo.com/echarts?s=^BVSP+Interactive#chart1:symbol=^bvsp;range=2y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefine
American Economy
This Past Week
Consumer Credit Nov was up $20.4Bin November… a tremendous spending spree that was three times as much new debt as the $7.6B in October. This monthly measure of consumer debt is volatile and subject to massive revisions. When the change is too good it actually is bad for the following month or two. While we can expect very good retail sales reports now, it means consumers will be strapped for a few months, and worried about tax season coming up.
Wholesale Inventories Nov 0.1% still increasing but not as bad as last months 1.6%
MBA Mortgage Purchase Index 01/07 rose sharply +4.5% from last month’s -3.7% good housing news
Crude Inventories 01/07 4.958M increased over 2.209M Yet pump prices are increasing as is crude oil
Today
Jan 12 8:30 AM Initial Claims 01/07
Jan 12 8:30 AM Continuing Claims 12/31
Jan 12 8:30 AM Retail Sales Dec
Jan 12 8:30 AM Retail Sales ex-auto Dec
Jan 12 10:00 AM Business Inventories Nov
Jan 12 2:00 PM Treasury Budget Dec
This Week
Jan 13 8:30 AM Trade Balance Nov
Jan 13 8:30 AM Export Prices ex-ag. Dec
Jan 13 8:30 AM Import Prices ex-oil Dec
Jan 13 9:55 AM Mich Sentiment Jan
Market outlook January 12, 2012
A consolidation would be in order soon and then perhaps another advance. But the EU is still a problem. Obama military cutbacks could put an end to the slight improvements of this past quarter.
The NYSE MACD is definitely bullish and implies we could see the bull market last until November 2012. You can also see the down side cross over occurred in May-June of 2011 in plenty of time to get out of the stock market. The upside cross over came in mid October in time to catch the last dip and the rally. But you can see that most stocks have not recovered yet.
http://www.martincapital.com/index.php?page=graph&view=macd
Now Obama and Holden are suing the banks for the money the racist liars lost when the housing market collapsed all because the racist liars defaulted on the houses they purchased with liar loans and no source of income to make mortgage payments.
http://www.martincapital.com/index.php?page=graph&view=permits_and_construction
When it comes to jobs, Obama has to manipulate the government statistics just like all communists do to pretend things are better. Sales are up because consumers have been refinancing at lower rate and dropping their monthly expenses. That improvement can only last a couple months http://www.martincapital.com/index.php?page=graph&view=unemployment
The VIX has is approaching 20 which would indicate complacency. That means the coming exuberant rally will be a good time to take profits and raise cash.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=6m&l=on&z=m&q=l&c=
We predict we could possibly have as much as 95% stock market recovery. But realize that as the upside potential is approached, then the downside risk exceeds the upside potential and it is time to lighten up. Also, remember January was very good last year and the market went down significantly afterwards so January is not necessarily a good predictor for the year. View 1yr. See:
http://finance.yahoo.com/echarts?s=^NYA+Interactive#chart4:symbol=^nya;range=1y;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
Bulk shipments still at less than 20% of the bulk trade level that existed before Obama declared the USA was in a depression in one of his 2007-2008 campaign speeches. It is also slipping again.
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stock markets fell last night. China down -0.5%, Hong Kong down -0.3%, India down -0.9%, and Japan down -0.7%
European markets are mixed today in a range –0.3% to +1.1% with Italy a continuing downside outlier half way through their day.
American market futures are up +0.3% in after hour trading at 9 AM EST. We expect the last leg up of this interim rally will continue but erratically. Bull markets creep up and then the Hedge funds chop off their heads.
Was Corzine just another socialist looter of American private enterprise working to raise money for Obama? Is it another Solyndra case of the DNC pretending to be an investor but a looter instead? Montana farmers who claim he stole their money have now sued Jon Corzine; former chief executive officer of collapsed commodity brokerage MF Global Holdings Ltd., for fraud. Is this money trail going to lead to Obama? Obama and Barney Frank looted Fannie and Freddie with the requirement that they accept Liar loans. That is about $50Billion that cannot be traced, that has simply disappeared in the hands of socialist looters. That is all George Soros does for a living. He is an unabashed looter preying most of the time on weak currencies of Socialist countries. That is why socialist Gorge loves socialism. It is so easy to loot! That is because the socialist’s government commissars are all morons.
World markets
China seems to be near their bottom now so if the USA looks like it will throw out Obama then after the current USA rally we will likely have another buying rally the likely it will end on about election day.
Asian markets (especially China) care failing to break out some on the second and third times at resistance levels.
http://finance.yahoo.com/intlindices?e=asia
Germany is showing strength: Choose 2 or 5 years
http://finance.yahoo.com/echarts?s=%5EGDAXI+Interactive#chart2:symbol=^gdaxi;range=2y;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on
The Swiss are showing strength. Choose 2 or 5 years http://finance.yahoo.com/echarts?s=%5ESSMI+Interactive#chart1:symbol=^ssmi;range=2y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
Emerging markets show strength.
http://finance.yahoo.com/echarts?s=^BVSP+Interactive#chart1:symbol=^bvsp;range=2y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefine
American Economy
This Past Week
Consumer Credit Nov was up $20.4Bin November… a tremendous spending spree that was three times as much new debt as the $7.6B in October. This monthly measure of consumer debt is volatile and subject to massive revisions. When the change is too good it actually is bad for the following month or two. While we can expect very good retail sales reports now, it means consumers will be strapped for a few months, and worried about tax season coming up.
Wholesale Inventories Nov 0.1% still increasing but not as bad as last months 1.6%
MBA Mortgage Purchase Index 01/07 rose sharply +4.5% from last month’s -3.7% good housing news
Crude Inventories 01/07 4.958M increased over 2.209M Yet pump prices are increasing as is crude oil
Today
Jan 12 8:30 AM Initial Claims 01/07
Jan 12 8:30 AM Continuing Claims 12/31
Jan 12 8:30 AM Retail Sales Dec
Jan 12 8:30 AM Retail Sales ex-auto Dec
Jan 12 10:00 AM Business Inventories Nov
Jan 12 2:00 PM Treasury Budget Dec
This Week
Jan 13 8:30 AM Trade Balance Nov
Jan 13 8:30 AM Export Prices ex-ag. Dec
Jan 13 8:30 AM Import Prices ex-oil Dec
Jan 13 9:55 AM Mich Sentiment Jan
Market outlook January 12, 2012
A consolidation would be in order soon and then perhaps another advance. But the EU is still a problem. Obama military cutbacks could put an end to the slight improvements of this past quarter.
The NYSE MACD is definitely bullish and implies we could see the bull market last until November 2012. You can also see the down side cross over occurred in May-June of 2011 in plenty of time to get out of the stock market. The upside cross over came in mid October in time to catch the last dip and the rally. But you can see that most stocks have not recovered yet.
http://www.martincapital.com/index.php?page=graph&view=macd
Now Obama and Holden are suing the banks for the money the racist liars lost when the housing market collapsed all because the racist liars defaulted on the houses they purchased with liar loans and no source of income to make mortgage payments.
http://www.martincapital.com/index.php?page=graph&view=permits_and_construction
When it comes to jobs, Obama has to manipulate the government statistics just like all communists do to pretend things are better. Sales are up because consumers have been refinancing at lower rate and dropping their monthly expenses. That improvement can only last a couple months http://www.martincapital.com/index.php?page=graph&view=unemployment
The VIX has is approaching 20 which would indicate complacency. That means the coming exuberant rally will be a good time to take profits and raise cash.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=6m&l=on&z=m&q=l&c=
We predict we could possibly have as much as 95% stock market recovery. But realize that as the upside potential is approached, then the downside risk exceeds the upside potential and it is time to lighten up. Also, remember January was very good last year and the market went down significantly afterwards so January is not necessarily a good predictor for the year. View 1yr. See:
http://finance.yahoo.com/echarts?s=^NYA+Interactive#chart4:symbol=^nya;range=1y;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
Bulk shipments still at less than 20% of the bulk trade level that existed before Obama declared the USA was in a depression in one of his 2007-2008 campaign speeches. It is also slipping again.
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stock markets fell last night. China down -0.5%, Hong Kong down -0.3%, India down -0.9%, and Japan down -0.7%
European markets are mixed today in a range –0.3% to +1.1% with Italy a continuing downside outlier half way through their day.
American market futures are up +0.3% in after hour trading at 9 AM EST. We expect the last leg up of this interim rally will continue but erratically. Bull markets creep up and then the Hedge funds chop off their heads.
Wednesday, January 11, 2012
Was Corzine just another socialist looter of American private enterprise working to raise money for Obama?
Was Corzine just another socialist looter of American private enterprise working to raise money for Obama? Is it another Solyndra case of the DNC pretending to be an investor but a looter instead? Montana farmers who claim he stole their money have now sued Jon Corzine; former chief executive officer of collapsed commodity brokerage MF Global Holdings Ltd., for fraud. Is this money trail going to lead to Obama? Obama and Barney Frank looted Fannie and Freddie with the requirement that they accept Liar loans. That is about $50Billion that cannot be traced, that has simply disappeared in the hands of socialist looters. That is all George Soros does for a living. He is an unabashed looter preying most of the time on weak currencies of Socialist countries. That is why socialist Gorge loves socialism. It is so easy to loot! That is because the socialist’s government commissars are all morons.
The Obama campaign is taking notes and will attack Romney’s corporate experience the same way Huntsman and Gingrich are and the way the Democrats defeated the Connecticut Republican candidate for Governor just two years ago. People with real business experience “like firing people” says Huntsman who worked as Obama’s ambassador to China helping Obama’s Advisor Jeffrey R. Immelt, CEO of GE give China much of America’s advanced technology. Or Obama may prefer to run, corporate executives “like looting companies,” says Gingrich who himself looted American taxpayers with $1.6millioin in cash from Fannie and Freddie whose liar loans, Gingrich their advisor kept quiet about.
Did you hear the phrase; “Liberals become so open minded their brains fall out.” We looked up the history of the expression. Here is the oldest close one without Liberals.
(Practical gentlemen) have a number of bitterly sarcastic comments on persons whose minds are so open that their brains fall out. Max Radin (1937) "On Legal Scholarship", The Yale Law Journal May 1937
Here are some even older variants, but without a brain or liberals mentioned:
"Their minds are so open that nothing stays in" (New York Times November 13, 1932),
"a mind so 'open' that almost anything can blow through it without leaving a trace" (New York Times February 4, 1928), and
"a mind so open that it had nothing in it at all" (Edward Clark, Selected speeches, 1908).
Jack Welch pointed out that President Reagan ended the Jimmy Carter stagflation and had 800,000 new jobs created each month not our anemic Obama 200,000 growth rate. The Obama record is so poor at only 200,000 new jobs but it still great to Obama’s Maoists and MSNBC.
7 million unemployed Americans have given up looking for jobs.
World markets
China’s market is down 33% over the last 2 years. China seems to be near their bottom now so if the USA looks like it will throw out Obama then after the current USA rally we will likely have another buying rally the likely it will end on about election day.
Asian markets (especially China) care failing to break out some on the second and third times at resistance levels.
http://finance.yahoo.com/intlindices?e=asia
Germany is showing strength: Choose 2 or 5 years
http://finance.yahoo.com/echarts?s=%5EGDAXI+Interactive#chart2:symbol=^gdaxi;range=2y;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on
The Swiss are showing strength. Choose 2 or 5 years http://finance.yahoo.com/echarts?s=%5ESSMI+Interactive#chart1:symbol=^ssmi;range=2y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
Emerging markets show strength.
http://finance.yahoo.com/echarts?s=^BVSP+Interactive#chart1:symbol=^bvsp;range=2y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefine
American Economy
Yesterday
Consumer Credit Nov was up $20.4Bin November… a tremendous spending spree that was three times as much new debt as the $7.6B in October. This monthly measure of consumer debt is volatile and subject to massive revisions. When the change is too good it actually is bad for the following month or two. While we can expect very good retail sales reports now, it means consumers will be strapped for a few months, and worried about tax season coming up.
Wholesale Inventories Nov 0.1% still increasing but not as bad as last months 1.6%
Today
Jan 11 7:00 AM MBA Mortgage Purchase Index 01/07
Jan 11 10:30 AM Crude Inventories 01/07
Jan 11 2:00 PM Fed's Beige Book Jan
This Week
Jan 12 8:30 AM Initial Claims 01/07
Jan 12 8:30 AM Continuing Claims 12/31
Jan 12 8:30 AM Retail Sales Dec
Jan 12 8:30 AM Retail Sales ex-auto Dec
Jan 12 10:00 AM Business Inventories Nov
Jan 12 2:00 PM Treasury Budget Dec
Jan 13 8:30 AM Trade Balance Nov
Jan 13 8:30 AM Export Prices ex-ag. Dec
Jan 13 8:30 AM Import Prices ex-oil Dec
Jan 13 9:55 AM Mich Sentiment Jan
Market outlook January 11, 2012
Jack Welch said that with a decent president we could be at a national 5% growth rate now and 800,000 new jobs per month. Not Obama’s 200,000 jobs/mo with 20 million unemployed, 6 million people still looking for work and 200,000 new people each month looking for jobs. There is a lot of catching up to do.
American stocks could still hit the 2011 highs by the end of January. The NYSE MACD is definitely bullish and implies we could see the bull market last until November 2012. You can also see the down side cross over occurred in May-June of 2011 in plenty of time to get out of the stock market. The upside cross over came in mid October in time to catch the last dip and the rally. But you can see that most stocks have not recovered yet.
http://www.martincapital.com/index.php?page=graph&view=macd
Now Obama and Holden are suing the banks for the money the racist liars lost when the housing market collapsed all because the racist liars defaulted on the houses they purchased with liar loans and no source of income to make mortgage payments.
http://www.martincapital.com/index.php?page=graph&view=permits_and_construction
When it comes to jobs, Obama has to manipulate the government statistics just like all communists do to pretend things are better. Sales are up because consumers have been refinancing at lower rate and dropping their monthly expenses. That improvement can only last a couple months http://www.martincapital.com/index.php?page=graph&view=unemployment
The VIX has is approaching 20 which would indicate complacency. That means the coming exuberant rally will be a good time to take profits and raise cash.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=6m&l=on&z=m&q=l&c=
We predict we could possibly have as much as 95% stock market recovery. But realize that as the upside potential is approached, then the downside risk exceeds the upside potential and it is time to lighten up. Also, remember January was very good last year and the market went down significantly afterwards so January is not necessarily a good predictor for the year. View 1yr. See:
http://finance.yahoo.com/echarts?s=^NYA+Interactive#chart4:symbol=^nya;range=1y;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
Bulk shipments still at less than 20% of the bulk trade level that existed before Obama declared the USA was in a depression in one of his 2007-2008 campaign speeches. It is also slipping again.
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stock markets cooled off last night. China down -0.4%, Hong Kong up 0.8%, India up 0.1%, S. Korea down –9.4%, and Japan up 0.3%
European markets are down today in a range –0.2% to –1.2% with Italy a continuing outlier half way through their day.
American market futures are down +0.2% in after hour trading at 7 AM EST. We expect the last leg up of this interim rally will continue but erratically. Bull markets creep up and then the Hedge funds chop off their heads.
The Obama campaign is taking notes and will attack Romney’s corporate experience the same way Huntsman and Gingrich are and the way the Democrats defeated the Connecticut Republican candidate for Governor just two years ago. People with real business experience “like firing people” says Huntsman who worked as Obama’s ambassador to China helping Obama’s Advisor Jeffrey R. Immelt, CEO of GE give China much of America’s advanced technology. Or Obama may prefer to run, corporate executives “like looting companies,” says Gingrich who himself looted American taxpayers with $1.6millioin in cash from Fannie and Freddie whose liar loans, Gingrich their advisor kept quiet about.
Did you hear the phrase; “Liberals become so open minded their brains fall out.” We looked up the history of the expression. Here is the oldest close one without Liberals.
(Practical gentlemen) have a number of bitterly sarcastic comments on persons whose minds are so open that their brains fall out. Max Radin (1937) "On Legal Scholarship", The Yale Law Journal May 1937
Here are some even older variants, but without a brain or liberals mentioned:
"Their minds are so open that nothing stays in" (New York Times November 13, 1932),
"a mind so 'open' that almost anything can blow through it without leaving a trace" (New York Times February 4, 1928), and
"a mind so open that it had nothing in it at all" (Edward Clark, Selected speeches, 1908).
Jack Welch pointed out that President Reagan ended the Jimmy Carter stagflation and had 800,000 new jobs created each month not our anemic Obama 200,000 growth rate. The Obama record is so poor at only 200,000 new jobs but it still great to Obama’s Maoists and MSNBC.
7 million unemployed Americans have given up looking for jobs.
World markets
China’s market is down 33% over the last 2 years. China seems to be near their bottom now so if the USA looks like it will throw out Obama then after the current USA rally we will likely have another buying rally the likely it will end on about election day.
Asian markets (especially China) care failing to break out some on the second and third times at resistance levels.
http://finance.yahoo.com/intlindices?e=asia
Germany is showing strength: Choose 2 or 5 years
http://finance.yahoo.com/echarts?s=%5EGDAXI+Interactive#chart2:symbol=^gdaxi;range=2y;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on
The Swiss are showing strength. Choose 2 or 5 years http://finance.yahoo.com/echarts?s=%5ESSMI+Interactive#chart1:symbol=^ssmi;range=2y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
Emerging markets show strength.
http://finance.yahoo.com/echarts?s=^BVSP+Interactive#chart1:symbol=^bvsp;range=2y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefine
American Economy
Yesterday
Consumer Credit Nov was up $20.4Bin November… a tremendous spending spree that was three times as much new debt as the $7.6B in October. This monthly measure of consumer debt is volatile and subject to massive revisions. When the change is too good it actually is bad for the following month or two. While we can expect very good retail sales reports now, it means consumers will be strapped for a few months, and worried about tax season coming up.
Wholesale Inventories Nov 0.1% still increasing but not as bad as last months 1.6%
Today
Jan 11 7:00 AM MBA Mortgage Purchase Index 01/07
Jan 11 10:30 AM Crude Inventories 01/07
Jan 11 2:00 PM Fed's Beige Book Jan
This Week
Jan 12 8:30 AM Initial Claims 01/07
Jan 12 8:30 AM Continuing Claims 12/31
Jan 12 8:30 AM Retail Sales Dec
Jan 12 8:30 AM Retail Sales ex-auto Dec
Jan 12 10:00 AM Business Inventories Nov
Jan 12 2:00 PM Treasury Budget Dec
Jan 13 8:30 AM Trade Balance Nov
Jan 13 8:30 AM Export Prices ex-ag. Dec
Jan 13 8:30 AM Import Prices ex-oil Dec
Jan 13 9:55 AM Mich Sentiment Jan
Market outlook January 11, 2012
Jack Welch said that with a decent president we could be at a national 5% growth rate now and 800,000 new jobs per month. Not Obama’s 200,000 jobs/mo with 20 million unemployed, 6 million people still looking for work and 200,000 new people each month looking for jobs. There is a lot of catching up to do.
American stocks could still hit the 2011 highs by the end of January. The NYSE MACD is definitely bullish and implies we could see the bull market last until November 2012. You can also see the down side cross over occurred in May-June of 2011 in plenty of time to get out of the stock market. The upside cross over came in mid October in time to catch the last dip and the rally. But you can see that most stocks have not recovered yet.
http://www.martincapital.com/index.php?page=graph&view=macd
Now Obama and Holden are suing the banks for the money the racist liars lost when the housing market collapsed all because the racist liars defaulted on the houses they purchased with liar loans and no source of income to make mortgage payments.
http://www.martincapital.com/index.php?page=graph&view=permits_and_construction
When it comes to jobs, Obama has to manipulate the government statistics just like all communists do to pretend things are better. Sales are up because consumers have been refinancing at lower rate and dropping their monthly expenses. That improvement can only last a couple months http://www.martincapital.com/index.php?page=graph&view=unemployment
The VIX has is approaching 20 which would indicate complacency. That means the coming exuberant rally will be a good time to take profits and raise cash.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=6m&l=on&z=m&q=l&c=
We predict we could possibly have as much as 95% stock market recovery. But realize that as the upside potential is approached, then the downside risk exceeds the upside potential and it is time to lighten up. Also, remember January was very good last year and the market went down significantly afterwards so January is not necessarily a good predictor for the year. View 1yr. See:
http://finance.yahoo.com/echarts?s=^NYA+Interactive#chart4:symbol=^nya;range=1y;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
Bulk shipments still at less than 20% of the bulk trade level that existed before Obama declared the USA was in a depression in one of his 2007-2008 campaign speeches. It is also slipping again.
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stock markets cooled off last night. China down -0.4%, Hong Kong up 0.8%, India up 0.1%, S. Korea down –9.4%, and Japan up 0.3%
European markets are down today in a range –0.2% to –1.2% with Italy a continuing outlier half way through their day.
American market futures are down +0.2% in after hour trading at 7 AM EST. We expect the last leg up of this interim rally will continue but erratically. Bull markets creep up and then the Hedge funds chop off their heads.
Tuesday, January 10, 2012
Jack Welch said that with a decent president we could be at a national 5% growth rate now and 800,000 new jobs per month.
The Obama campaign is taking notes and will attack Romney’s corporate experience the same way Huntsman and Gingrich are and the way the Democrats defeated the Connecticut Republican candidate for Governor just two years ago. People with real business experience “like firing people” says Huntsman who worked as Obama’s ambassador to China helping Obama’s Advisor Jeffrey R. Immelt, CEO of GE give China much of America’s advanced technology. Or Obama may prefer to run, corporate executives “like looting companies,” says Gingrich who himself looted American taxpayers with $1.6millioin in cash from Fannie and Freddie whose liar loans, Gingrich their advisor kept quiet about.
Did you hear the phrase; “Liberals become so open minded their brains fall out.” We looked up the history of the expression. Here is the oldest close one without Liberals.
(Practical gentlemen) have a number of bitterly sarcastic comments on persons whose minds are so open that their brains fall out. Max Radin (1937) "On Legal Scholarship", The Yale Law Journal May 1937
Here are some even older variants, but without a brain or liberals mentioned:
"Their minds are so open that nothing stays in" (New York Times November 13, 1932),
"a mind so 'open' that almost anything can blow through it without leaving a trace" (New York Times February 4, 1928), and
"a mind so open that it had nothing in it at all" (Edward Clark, Selected speeches, 1908).
Jack Welch pointed out that President Reagan ended the Jimmy Carter stagflation and had 800,000 new jobs created each month not our anemic Obama 200,000 growth rate. The Obama record is so poor at only 200,000 new jobs but it still great to Obama’s Maoists and MSNBC.
7 million unemployed Americans have given up looking for jobs.
World markets
China’s market is down 33% over the last 2 years. China seems to be near their bottom now so if the USA looks like it will throw out Obama then after the current USA rally we will likely have another buying rally the likely it will end on about election day.
Asian markets (especially China) care failing to break out some on the second and third times at resistance levels.
http://finance.yahoo.com/intlindices?e=asia
Germany is showing strength: Choose 2 or 5 years
http://finance.yahoo.com/echarts?s=%5EGDAXI+Interactive#chart2:symbol=^gdaxi;range=2y;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on
The Swiss are showing strength. Choose 2 or 5 years http://finance.yahoo.com/echarts?s=%5ESSMI+Interactive#chart1:symbol=^ssmi;range=2y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
Emerging markets show strength.
http://finance.yahoo.com/echarts?s=^BVSP+Interactive#chart1:symbol=^bvsp;range=2y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefine
American Economy
Yesterday
Consumer Credit Nov was up $20.4Bin November… a tremendous spending spree that was three times as much new debt as the $7.6B in October. This monthly measure of consumer debt is volatile and subject to massive revisions. When the change is too good it actually is bad for the following month or two. While we can expect very good retail sales reports now, it means consumers will be strapped for a few months, and worried about tax season coming up.
Today
Jan 10 10:00 AM Wholesale Inventories Nov
This Week
Jan 11 7:00 AM MBA Mortgage Purchase Index 01/07
Jan 11 10:30 AM Crude Inventories 01/07
Jan 11 2:00 PM Fed's Beige Book Jan
Jan 12 8:30 AM Initial Claims 01/07
Jan 12 8:30 AM Continuing Claims 12/31
Jan 12 8:30 AM Retail Sales Dec
Jan 12 8:30 AM Retail Sales ex-auto Dec
Jan 12 10:00 AM Business Inventories Nov
Jan 12 2:00 PM Treasury Budget Dec
Jan 13 8:30 AM Trade Balance Nov
Jan 13 8:30 AM Export Prices ex-ag. Dec
Jan 13 8:30 AM Import Prices ex-oil Dec
Jan 13 9:55 AM Mich Sentiment Jan
Market outlook January 10, 2012
Yesterday, Jack Welch said that with a decent president we could be at a national 5% growth rate now and 800,000 new jobs per month. Not Obama’s 300,000 jobs/mo with 6 million people still looking for work and 200,000 new people each month looking for jobs. There is a lot of catching up to do.
Today we expect to see the last big market upswing of the winter begin after the mini panics that started last August.
American stocks could still hit the 2011 highs by the end of January. The NYSE MACD is definitely bullish and implies we could see the bull market last until November 2012. You can also see the down side cross over occurred in May-June of 2011 in plenty of time to get out of the stock market. The upside cross over came in mid October in time to catch the last dip and the rally. But you can see that most stocks have not recovered yet.
http://www.martincapital.com/index.php?page=graph&view=macd
Now Obama and Holden are suing the banks for the money the racist liars lost when the housing market collapsed all because the racist liars defaulted on the houses they purchased with liar loans and no source of income to make mortgage payments.
http://www.martincapital.com/index.php?page=graph&view=permits_and_construction
When it comes to jobs, Obama has to manipulate the government statistics just like all communists do to pretend things are better. Sales are up because consumers have been refinancing at lower rate and dropping their monthly expenses. That improvement can only last a couple months http://www.martincapital.com/index.php?page=graph&view=unemployment
The VIX has is approaching 20 which would indicate complacency. That means the coming exuberant rally will be a good time to take profits and raise cash.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=6m&l=on&z=m&q=l&c=
We predict we could possibly have as much as 95% stock market recovery. But realize that as the upside potential is approached, then the downside risk exceeds the upside potential and it is time to lighten up. Also, remember January was very good last year and the market went down significantly afterwards so January is not necessarily a good predictor for the year. View 1yr. See:
http://finance.yahoo.com/echarts?s=^NYA+Interactive#chart4:symbol=^nya;range=1y;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
Bulk shipments still at less than 20% of the bulk trade level that existed before Obama declared the USA was in a depression in one of his 2007-2008 campaign speeches. It is also slipping again.
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stock markets were up big last night. China up 2.7%, Hong Kong up 0.7%, India up 2.2%, S. Korea up 1.5%, and Japan up 0.4%
European markets are up today in a range –3.5% for Italy to +2.5% for France, half way through their day.
American market futures are mixed at about +0.9% in after hour trading at 7 AM EST. Today we think the US futures will be reliable. It is hopeful that the Obama administration cannot inflict much more damage than it already has. Therefore we expect the last leg up of this interim rally.
Did you hear the phrase; “Liberals become so open minded their brains fall out.” We looked up the history of the expression. Here is the oldest close one without Liberals.
(Practical gentlemen) have a number of bitterly sarcastic comments on persons whose minds are so open that their brains fall out. Max Radin (1937) "On Legal Scholarship", The Yale Law Journal May 1937
Here are some even older variants, but without a brain or liberals mentioned:
"Their minds are so open that nothing stays in" (New York Times November 13, 1932),
"a mind so 'open' that almost anything can blow through it without leaving a trace" (New York Times February 4, 1928), and
"a mind so open that it had nothing in it at all" (Edward Clark, Selected speeches, 1908).
Jack Welch pointed out that President Reagan ended the Jimmy Carter stagflation and had 800,000 new jobs created each month not our anemic Obama 200,000 growth rate. The Obama record is so poor at only 200,000 new jobs but it still great to Obama’s Maoists and MSNBC.
7 million unemployed Americans have given up looking for jobs.
World markets
China’s market is down 33% over the last 2 years. China seems to be near their bottom now so if the USA looks like it will throw out Obama then after the current USA rally we will likely have another buying rally the likely it will end on about election day.
Asian markets (especially China) care failing to break out some on the second and third times at resistance levels.
http://finance.yahoo.com/intlindices?e=asia
Germany is showing strength: Choose 2 or 5 years
http://finance.yahoo.com/echarts?s=%5EGDAXI+Interactive#chart2:symbol=^gdaxi;range=2y;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on
The Swiss are showing strength. Choose 2 or 5 years http://finance.yahoo.com/echarts?s=%5ESSMI+Interactive#chart1:symbol=^ssmi;range=2y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
Emerging markets show strength.
http://finance.yahoo.com/echarts?s=^BVSP+Interactive#chart1:symbol=^bvsp;range=2y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefine
American Economy
Yesterday
Consumer Credit Nov was up $20.4Bin November… a tremendous spending spree that was three times as much new debt as the $7.6B in October. This monthly measure of consumer debt is volatile and subject to massive revisions. When the change is too good it actually is bad for the following month or two. While we can expect very good retail sales reports now, it means consumers will be strapped for a few months, and worried about tax season coming up.
Today
Jan 10 10:00 AM Wholesale Inventories Nov
This Week
Jan 11 7:00 AM MBA Mortgage Purchase Index 01/07
Jan 11 10:30 AM Crude Inventories 01/07
Jan 11 2:00 PM Fed's Beige Book Jan
Jan 12 8:30 AM Initial Claims 01/07
Jan 12 8:30 AM Continuing Claims 12/31
Jan 12 8:30 AM Retail Sales Dec
Jan 12 8:30 AM Retail Sales ex-auto Dec
Jan 12 10:00 AM Business Inventories Nov
Jan 12 2:00 PM Treasury Budget Dec
Jan 13 8:30 AM Trade Balance Nov
Jan 13 8:30 AM Export Prices ex-ag. Dec
Jan 13 8:30 AM Import Prices ex-oil Dec
Jan 13 9:55 AM Mich Sentiment Jan
Market outlook January 10, 2012
Yesterday, Jack Welch said that with a decent president we could be at a national 5% growth rate now and 800,000 new jobs per month. Not Obama’s 300,000 jobs/mo with 6 million people still looking for work and 200,000 new people each month looking for jobs. There is a lot of catching up to do.
Today we expect to see the last big market upswing of the winter begin after the mini panics that started last August.
American stocks could still hit the 2011 highs by the end of January. The NYSE MACD is definitely bullish and implies we could see the bull market last until November 2012. You can also see the down side cross over occurred in May-June of 2011 in plenty of time to get out of the stock market. The upside cross over came in mid October in time to catch the last dip and the rally. But you can see that most stocks have not recovered yet.
http://www.martincapital.com/index.php?page=graph&view=macd
Now Obama and Holden are suing the banks for the money the racist liars lost when the housing market collapsed all because the racist liars defaulted on the houses they purchased with liar loans and no source of income to make mortgage payments.
http://www.martincapital.com/index.php?page=graph&view=permits_and_construction
When it comes to jobs, Obama has to manipulate the government statistics just like all communists do to pretend things are better. Sales are up because consumers have been refinancing at lower rate and dropping their monthly expenses. That improvement can only last a couple months http://www.martincapital.com/index.php?page=graph&view=unemployment
The VIX has is approaching 20 which would indicate complacency. That means the coming exuberant rally will be a good time to take profits and raise cash.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=6m&l=on&z=m&q=l&c=
We predict we could possibly have as much as 95% stock market recovery. But realize that as the upside potential is approached, then the downside risk exceeds the upside potential and it is time to lighten up. Also, remember January was very good last year and the market went down significantly afterwards so January is not necessarily a good predictor for the year. View 1yr. See:
http://finance.yahoo.com/echarts?s=^NYA+Interactive#chart4:symbol=^nya;range=1y;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
Bulk shipments still at less than 20% of the bulk trade level that existed before Obama declared the USA was in a depression in one of his 2007-2008 campaign speeches. It is also slipping again.
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stock markets were up big last night. China up 2.7%, Hong Kong up 0.7%, India up 2.2%, S. Korea up 1.5%, and Japan up 0.4%
European markets are up today in a range –3.5% for Italy to +2.5% for France, half way through their day.
American market futures are mixed at about +0.9% in after hour trading at 7 AM EST. Today we think the US futures will be reliable. It is hopeful that the Obama administration cannot inflict much more damage than it already has. Therefore we expect the last leg up of this interim rally.
Monday, January 9, 2012
President Reagan ended the Jimmy Carter stagflation and had 800,000 new jobs created each month not our anemic Obama 200,000
Jack Welch pointed out that President Reagan ended the Jimmy Carter stagflation and had 800,000 new jobs created each month not our anemic Obama 200,000 growth rate. The Obama record is so poor at only 200,000 new jobs. 7 million unemployed Americans have given up looking for jobs.
World markets
China’s market is down 33% over the last 2 years.
Asian markets (especially China) care failing to break out some on the second and third times at resistance levels.
http://finance.yahoo.com/intlindices?e=asia
Germany is showing strength: Choose 2 or 5 years
http://finance.yahoo.com/echarts?s=%5EGDAXI+Interactive#chart2:symbol=^gdaxi;range=2y;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on
The Swiss are showing strength. Choose 2 or 5 years http://finance.yahoo.com/echarts?s=%5ESSMI+Interactive#chart1:symbol=^ssmi;range=2y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
Emerging markets show strength.
http://finance.yahoo.com/echarts?s=^BVSP+Interactive#chart1:symbol=^bvsp;range=2y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefine
American Economy
Last week
MBA Mortgage Index 12/31 -3.7% got worse, down from -2.6%
Factory Orders Nov 1.8% up seasonally from -0.4% in October
Challenger Job Cuts Dec 30.6% good improvement from -12.8%
ADP Employment Change Dec 325K improvement from 206K
Initial Claims 12/31 372K not as bad as 381K
Continuing Claims 12/24 3595K improved slightly from 3601K
ISM Services Dec 52.6 similar to index improvement 52.0
Crude Inventories 12/31 2.209M still good and high 3.899M
Last Friday
Nonfarm Payrolls Dec 200K up from 120K
Nonfarm Private Payrolls Dec 212K up from 140K
Unemployment Rate Dec 8.5% up from 8.6%
Hourly Earnings Dec 0.2% up from -0.1%
Average Workweek Dec 34.4 up from 34.3
Today
Jan 9 3:00 PM Consumer Credit Nov
This Week
Jan 10 10:00 AM Wholesale Inventories Nov
Jan 11 7:00 AM MBA Mortgage Purchase Index 01/07
Jan 11 10:30 AM Crude Inventories 01/07
Jan 11 2:00 PM Fed's Beige Book Jan
Jan 12 8:30 AM Initial Claims 01/07
Jan 12 8:30 AM Continuing Claims 12/31
Jan 12 8:30 AM Retail Sales Dec
Jan 12 8:30 AM Retail Sales ex-auto Dec
Jan 12 10:00 AM Business Inventories Nov
Jan 12 2:00 PM Treasury Budget Dec
Jan 13 8:30 AM Trade Balance Nov
Jan 13 8:30 AM Export Prices ex-ag. Dec
Jan 13 8:30 AM Import Prices ex-oil Dec
Jan 13 9:55 AM Mich Sentiment Jan
Market outlook January 9, 2012
Jack Welch said that with a decent president we could be at a national 5% growth rate now and 800,000 new jobs per month.
American stocks could still hit the 2011 highs by the end of January. The NYSE MACD is definitely bullish and implies we could see the bull market last until November 2012. You can also see the down side cross over occurred in May-June of 2011 in plenty of time to get out of the stock market. The upside cross over came in mid October in time to catch the last dip and the rally. But you can see that most stocks have not recovered yet.
http://www.martincapital.com/index.php?page=graph&view=macd
Now Obama and Holden are suing the banks for the money the racist liars lost when the housing market collapsed all because the racist liars defaulted on the houses they purchased with liar loans and no source of income to make mortgage payments.
http://www.martincapital.com/index.php?page=graph&view=permits_and_construction
When it comes to jobs, Obama has to manipulate the government statistics just like all socialists do to pretend things are better. Sales are up because consumers have been refinancing at lower rate and dropping their monthly expenses. That improvement can only last a couple months http://www.martincapital.com/index.php?page=graph&view=unemployment
The VIX has is approaching 20 which would indicate complacency. That means the coming exuberant rally will be a good time to take profits and raise cash.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=6m&l=on&z=m&q=l&c=
We predict we could possibly have as much as 95% stock market recovery. But realize that as the upside potential is approached, then the downside risk exceeds the upside potential and it is time to lighten up. Also, remember January was very good last year and the market went down significantly afterwards so January is not necessarily a good predictor for the year. View 1yr. See:
http://finance.yahoo.com/echarts?s=^NYA+Interactive#chart4:symbol=^nya;range=1y;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
Bulk shipments still at less than 20% of the bulk trade level that existed before Obama declared the USA was in a depression in one of his 2007-2008 campaign speeches. It is also slipping again.
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stock markets were mixed again last night. China up 2.9%, Hong Kong up 1.5%, India down -0.2%, S. Korea down – 0.9%, and Japan closed
European markets are down today in a range –0.1%Italy to –2.2% for Italy half way through their day.
American market futures are mixed at about +0.1% in after hour trading at 7 AM EST. It is an unreliable predictor.
World markets
China’s market is down 33% over the last 2 years.
Asian markets (especially China) care failing to break out some on the second and third times at resistance levels.
http://finance.yahoo.com/intlindices?e=asia
Germany is showing strength: Choose 2 or 5 years
http://finance.yahoo.com/echarts?s=%5EGDAXI+Interactive#chart2:symbol=^gdaxi;range=2y;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on
The Swiss are showing strength. Choose 2 or 5 years http://finance.yahoo.com/echarts?s=%5ESSMI+Interactive#chart1:symbol=^ssmi;range=2y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
Emerging markets show strength.
http://finance.yahoo.com/echarts?s=^BVSP+Interactive#chart1:symbol=^bvsp;range=2y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefine
American Economy
Last week
MBA Mortgage Index 12/31 -3.7% got worse, down from -2.6%
Factory Orders Nov 1.8% up seasonally from -0.4% in October
Challenger Job Cuts Dec 30.6% good improvement from -12.8%
ADP Employment Change Dec 325K improvement from 206K
Initial Claims 12/31 372K not as bad as 381K
Continuing Claims 12/24 3595K improved slightly from 3601K
ISM Services Dec 52.6 similar to index improvement 52.0
Crude Inventories 12/31 2.209M still good and high 3.899M
Last Friday
Nonfarm Payrolls Dec 200K up from 120K
Nonfarm Private Payrolls Dec 212K up from 140K
Unemployment Rate Dec 8.5% up from 8.6%
Hourly Earnings Dec 0.2% up from -0.1%
Average Workweek Dec 34.4 up from 34.3
Today
Jan 9 3:00 PM Consumer Credit Nov
This Week
Jan 10 10:00 AM Wholesale Inventories Nov
Jan 11 7:00 AM MBA Mortgage Purchase Index 01/07
Jan 11 10:30 AM Crude Inventories 01/07
Jan 11 2:00 PM Fed's Beige Book Jan
Jan 12 8:30 AM Initial Claims 01/07
Jan 12 8:30 AM Continuing Claims 12/31
Jan 12 8:30 AM Retail Sales Dec
Jan 12 8:30 AM Retail Sales ex-auto Dec
Jan 12 10:00 AM Business Inventories Nov
Jan 12 2:00 PM Treasury Budget Dec
Jan 13 8:30 AM Trade Balance Nov
Jan 13 8:30 AM Export Prices ex-ag. Dec
Jan 13 8:30 AM Import Prices ex-oil Dec
Jan 13 9:55 AM Mich Sentiment Jan
Market outlook January 9, 2012
Jack Welch said that with a decent president we could be at a national 5% growth rate now and 800,000 new jobs per month.
American stocks could still hit the 2011 highs by the end of January. The NYSE MACD is definitely bullish and implies we could see the bull market last until November 2012. You can also see the down side cross over occurred in May-June of 2011 in plenty of time to get out of the stock market. The upside cross over came in mid October in time to catch the last dip and the rally. But you can see that most stocks have not recovered yet.
http://www.martincapital.com/index.php?page=graph&view=macd
Now Obama and Holden are suing the banks for the money the racist liars lost when the housing market collapsed all because the racist liars defaulted on the houses they purchased with liar loans and no source of income to make mortgage payments.
http://www.martincapital.com/index.php?page=graph&view=permits_and_construction
When it comes to jobs, Obama has to manipulate the government statistics just like all socialists do to pretend things are better. Sales are up because consumers have been refinancing at lower rate and dropping their monthly expenses. That improvement can only last a couple months http://www.martincapital.com/index.php?page=graph&view=unemployment
The VIX has is approaching 20 which would indicate complacency. That means the coming exuberant rally will be a good time to take profits and raise cash.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=6m&l=on&z=m&q=l&c=
We predict we could possibly have as much as 95% stock market recovery. But realize that as the upside potential is approached, then the downside risk exceeds the upside potential and it is time to lighten up. Also, remember January was very good last year and the market went down significantly afterwards so January is not necessarily a good predictor for the year. View 1yr. See:
http://finance.yahoo.com/echarts?s=^NYA+Interactive#chart4:symbol=^nya;range=1y;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
Bulk shipments still at less than 20% of the bulk trade level that existed before Obama declared the USA was in a depression in one of his 2007-2008 campaign speeches. It is also slipping again.
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stock markets were mixed again last night. China up 2.9%, Hong Kong up 1.5%, India down -0.2%, S. Korea down – 0.9%, and Japan closed
European markets are down today in a range –0.1%Italy to –2.2% for Italy half way through their day.
American market futures are mixed at about +0.1% in after hour trading at 7 AM EST. It is an unreliable predictor.
Wednesday, January 4, 2012
Within a year of throwing out Obama, Holden, and Obama’s Black Panther election monitors we will be booming again.
We can end the “Great Depression” Obama declared in his 2007-2008 campaign this year. That campaign speech Obama made will make one of the greatest commercials during the campaign. It will no doubt include experts saying that no one since 1929 has ever been so callous, so irresponsible and ignorant of history to say what Obama said. They should follow Obama declaring a Great Depression, with Senator Dodd from the Senate Banking Commission and Obama together, then with Dodd leaking a possible panic and a run on a California bank, followed by that California bank run and failure, and then the long lines of unemployed blacks lining up and near rioting in Chicago and Atlanta at the start of the Obama Depression when Obama gave them a government handout for housing. None of that happened until after Obama created his “Depression.” Obama will be so disgraced running on his great depression record. That is why it is likely he will drop out at the last minute and Hilary will run in 2012. Lyndon Johnson did not step down until the left wing base of protestors turned on him instead of the Vietnam War.
There will also be a “liar loan” commercial and one on crooked racist reparations to liars who claimed they were discriminated against by the Farm Agency when in fact they never owned even a 40 acre farm which was the minimum the government sometimes gave new farmers when the west was opened. Obama did not verify any of that $30 billion handout his first year. Of course Obama has given out over $2trillion already and America will be broken like Greece if Obama get re-elected.
Clad gold coin advertising shows the gold sellers know today’s gold buyers are fools. Clad gold coins are copper coins with a thin layer of gold. It does not matter how pure the gold is because when they are melted down the metal is a copper alloy with little gold in it. True gold coins are usually solid 99.9% or higher gold when melted down. The sucker clad gold coins are copper with a thin clad layer of 99.9% gold. They further deceive suckers by claiming production was shut down because some solid gold blanks were run off. That means a small number were actually minted in gold because the blanks used were gold instead of copper. Those are selling at a higher price not the price of the worthless copper clad buffalo coins. That again shows they are targeting fools who will not understand the clad coins they buy are the worthless coins and the crooks made a few solid ones to establish a price 100 times what the clad coins are worth. The people who buy this product are victims of false and deceptive advertising and the Obama administration should shut it down because it is consumer fraud but they are hoping for a campaign contribution. Attorney General Holden could do but has not, because he has had other things to do like covering up the gun running to Mexican Cartels called “Fast and Furious.” Holden has apologized for the murder of one American border guard with one of Obama’s guns but Holden and Oboma still need to apologize for the 30 thousand Mexicans they killed with “Fast and Furious.” Fast and furious also used American trained Mexican commandos who all defected to the drug cartels and caused all the mass murders that started after Obama took office. Many Americans vacationers have also been killed such as the one who ventured into Mexican waters on a jet ski and the detective who went looking for the missing skier and only his head was sent back to America.
Happy New Year! We can end the Obama declared depression by getting rid of Obama in 2012. Normally high unemployment means the president loses the election, but not this time. The unemployed are becoming Obama’s welfare electorate with $trillions that go to them with Obama’s trickle-up socialism. We must never forget that when Obama in 2008 declared that America was in a depression (to get elected). Obama did something like that which is so stupid and so irresponsible that no intelligent person anywhere in the world ever dared to do that before because fear of a depression is what FDR said undermines confidence in government, business, and banking and thereby creates a depression.
The biggest wave of takeover offers ever, occurred in 2011. It crashed and burned last year because Obama is killing the world economy with his bitter hatred of free enterprise. $37 billion in American deals collapsed in 2011, $21 billion of equity value was erased from the May highs and only one deal closed in 2011 due to fear of Obama’s dysfunctional government with the out of control Obama administration corruption, ineptness and vindictiveness. Obama-Holden has created a dysfunctional government, a corrupt Solyndra paradigm for business, a corrupt Fannie and Freddie government paradigm which the hope to re-elect with a dysfunctional Obama voting block.
Obama started 2011 with Holden’s crooked socialist agents raiding the offices of small and middle sized businesses reminding businessmen that Obama wanted $1Billion in campaign contributions for his “2011-2012Liar Campaign”.
Some honest businesses contribute to Holden-Obama just to avoid a Holden-Obama raid that takes their computers and business records, steals technology, and puts them out of business sometimes permanently.
Liar loans had pumped $billions into his political supporters pockets with more than $10 billion of tax payer money going to union supporters and only four of the hundreds of Liar Loan criminals and Wall Street criminals going to jail. So Obama and Holden spent the year investigating “suspected” crooks to scare businesses into contributing big to the Obama 2011- 2012 MSNBC “Liar Campaign.” Meanwhile American construction went nowhere due to the “Liar Loans” given to Obama’s crooked voting block and their refusal to move out. The unemployable liars continue to occupy houses!
Why is it that all the supporters of Obama are broke already after receiving another $2.2Trillion over the past three years in phony small business loans, shovel ready stimulation handouts, and phony training and education rip-offs. Training and education loans set up by Obama liar training companies had less than 5% of those trained end up with a valid truck driver’s license or a real college degree, and fewer than 1% bothered to look for a job. Most dropped out before completing the programs and the liar training crooks left town with the taxpayer saddled with more debt.
Unemployment actually exceeds 20% and more than half the unemployed are on welfare or living with a woman on welfare. With Obama giving his dysfunctional welfare constituency $1600 per month per dysfunctional child, the American school system is failing. That is because the teachers cannot handle the children of dysfunctional families with their loud abusive dysfunctional mother coming to school to scold them for chidren's bad grades or for failing them. The abusive parents have the full support of their live-in abusive boyfriends and the dysfunctional Obama-Holden government. Fewer than 50% graduate high school and it explains whom they vote for.
The lazy, ignorant and corrupt chose ignorant and corrupt candidates who funnel the taxpayer money to them directly without them having to get off their butts and steal it for themselves.
It is clear that Obama’s voting block of crooked, ignorant, abusive and lazy people continues to grow under Obama-Holden with their $700,000,000,000 (700 billion dollars) Solyndra style corruption stimulation packages. The only thing Obama-Holden are creating is deep national corruption and a world depression. Some say Obama needs a world crisis to replace free enterprise with corrupt and abusive government. He already is well on his way. Obama is a genuine Banana Republic leader looking to make America another banana republic.
World markets
German unemployment is at a 20 year low. Germans clearly have the world’s strongest work ethic. The reason they complain so much about the lazy loafers in Germany is not because there are many lazy loafers. No, the reason they have so few lazy loafers in Germany is because Germans complain so much when they discover one.
The world economy is very fragile with emerging countries having to hunker down fast or see inflation ravage their competitiveness. They cannot afford price rises because that is what has caused Americans to stop buying Chinese products. China perhaps thought the free world needs inferior products at any price. No one buys inferior products unless they have value. A half-life computer battery must sell at less that half price for people to buy it. China is at the stage Japan was just after the 1950’s when Japan realized that they needed to get a reputation for quality not junk. By 1970 Japan was building better quality cars than America. By 1985 Japan actually believed they would overtake America. That is when their hidden socialist debt sunk their boat. Japan had promised their labor force a job for life just as communists do. The problem is the communists don’t feed you so they starve you to death like N. Korea did killing 3 million people in the last 20 years by sending them out into the countryside were there is not enough food. Japan thought that would be too harsh so they retired and finally gave in and had layoffs. But it was too late. Japan is broke. They could inflate and wipe out debt but then they would still be broke because the Japanese people would stop saving their money in Japan and invest in free-enterprise economies.
It is looking more and more like the EU can survive if it ejects Greece. Even a 90% investor haircut will not help Greece because they still cannot cut government spending enough to break even. If America does not eject Obama this year, in ten years the USA will be the another Greece.
Asian markets (especially China) care failing to break out some on the second and third times at resistance levels.
http://finance.yahoo.com/intlindices?e=asia
Germany is showing strength: Choose 2 or 5 years
http://finance.yahoo.com/echarts?s=%5EGDAXI+Interactive#chart2:symbol=^gdaxi;range=2y;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on
The Swiss are showing strength. Choose 2 or 5 years http://finance.yahoo.com/echarts?s=%5ESSMI+Interactive#chart1:symbol=^ssmi;range=2y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
Emerging markets show strength.
http://finance.yahoo.com/echarts?s=^BVSP+Interactive#chart1:symbol=^bvsp;range=2y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefine
American Economy
The US economy may not dip as Americans increasingly have hope that the Obama Regime will be thrown out of office so Americans can change back to an honest free enterprise system. The Obama administration’s corruption rivals that of Greece and Italy.
Yesterday
ISM services Index Dec 53.9 up from 52.7
Construction Spending Nov 1.2% up from 0.8%, very good
Today
Jan 4 7:00 AM MBA Mortgage Index 12/31
Jan 4 10:00 AM Factory Orders Nov -
Jan 4 2:00 PM Auto Sales Dec -
Jan 4 2:00 PM Truck Sales Dec
This Week
Jan 5 7:30 AM Challenger Job Cuts Dec
Jan 5 8:15 AM ADP Employment Change Dec
Jan 5 8:30 AM Initial Claims 12/31
Jan 5 8:30 AM Continuing Claims 12/24
Jan 5 10:00 AM ISM Services Dec
Jan 5 11:00 AM Crude Inventories 12/31
Jan 6 8:30 AM Nonfarm Payrolls Dec
Jan 6 8:30 AM Nonfarm Private Payrolls Dec
Jan 6 8:30 AM Unemployment Rate Dec
Jan 6 8:30 AM Hourly Earnings Dec
Jan 6 8:30 AM Average Workweek Dec
Market outlook January 4, 2012
We should continue to take profits as they recover near July 2011 highs. This could be a very turbulent year. American prosperity depends on getting the racist socialists out of the White House. Obama has not helped his people by giving them taxpayer money he has just put America into more debt which takes years of Obama-depression to undo. Within a year of throwing out Obama, Holden, and Obama’s Black Panther election monitors we will be booming again.
American stocks could still hit this past year’s highs by the end of January. The NYSE MACD is definitely bullish and implies we could see the bull market last until November 2012. You can also see the down side cross over occurred in May-June of 2011 in plenty of time to get out of the stock market. The upside cross over came in mid October in time to catch the last dip and the rally. But you can see that most stocks have not recovered yet.
http://www.martincapital.com/index.php?page=graph&view=macd
It is reported the hedge funds are now accumulating housing stocks.
Real estate will not take off until Americans feel confident that Obama and his racist-leftist supporters will be ejected in 2012. It was the racist liar-loans to Obama’s and Holden’s minority group that brought down the American banks after several years of racist minority group appointments to the highest levels of Fannie and Freddie by the democrat-socialist. It is likely that the racist minority appointments created the liar loan corruption that disproportionately favored Obama and Holden’s race. Now Obama and Holden are suing the banks for the money the racist liars lost when the housing market collapsed all because the racist liars defaulted on the houses they purchased with liar loans and no source of income to make mortgage payments.
http://www.martincapital.com/index.php?page=graph&view=permits_and_construction
When it comes to jobs, Obama has to manipulate the government statistics just like all communists do to pretend things are better. Sales are up because consumers have been refinancing at lower rate and dropping their monthly expenses. That improvement can only last a couple months http://www.martincapital.com/index.php?page=graph&view=unemployment
The VIX has is approaching 20 which would indicate complacency. That means the coming exuberant rally will be a good time to take profits and raise cash.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=6m&l=on&z=m&q=l&c=
We predict we could possibly have as much as 95% stock market recovery. But realize that as the upside potential is approached, then the downside risk exceeds the upside potential and it is time to lighten up. Also, remember January was very good last year and the market went down significantly afterwards so January is not necessarily a good predictor for the year. View 1yr. See:
http://finance.yahoo.com/echarts?s=^NYA+Interactive#chart4:symbol=^nya;range=1y;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
Bulk shipments still at less than 20% of the bulk trade level that existed before Obama declared the USA was in a depression in one of his 2007-2008 campaign speeches. It is also slipping again.
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stock markets were mixed last night. China down - 1.4%, Hong Kong down – 0.8%, India down – 0.4%, S. Korea down – 0.5%, and Japan up 1.2%.
European markets are down today in a range –0.2% to -1.2% half way through their day.
American market futures are down about –0.3% in after hour trading at 8:30 AM EST. It is an unreliable predictor.
There will also be a “liar loan” commercial and one on crooked racist reparations to liars who claimed they were discriminated against by the Farm Agency when in fact they never owned even a 40 acre farm which was the minimum the government sometimes gave new farmers when the west was opened. Obama did not verify any of that $30 billion handout his first year. Of course Obama has given out over $2trillion already and America will be broken like Greece if Obama get re-elected.
Clad gold coin advertising shows the gold sellers know today’s gold buyers are fools. Clad gold coins are copper coins with a thin layer of gold. It does not matter how pure the gold is because when they are melted down the metal is a copper alloy with little gold in it. True gold coins are usually solid 99.9% or higher gold when melted down. The sucker clad gold coins are copper with a thin clad layer of 99.9% gold. They further deceive suckers by claiming production was shut down because some solid gold blanks were run off. That means a small number were actually minted in gold because the blanks used were gold instead of copper. Those are selling at a higher price not the price of the worthless copper clad buffalo coins. That again shows they are targeting fools who will not understand the clad coins they buy are the worthless coins and the crooks made a few solid ones to establish a price 100 times what the clad coins are worth. The people who buy this product are victims of false and deceptive advertising and the Obama administration should shut it down because it is consumer fraud but they are hoping for a campaign contribution. Attorney General Holden could do but has not, because he has had other things to do like covering up the gun running to Mexican Cartels called “Fast and Furious.” Holden has apologized for the murder of one American border guard with one of Obama’s guns but Holden and Oboma still need to apologize for the 30 thousand Mexicans they killed with “Fast and Furious.” Fast and furious also used American trained Mexican commandos who all defected to the drug cartels and caused all the mass murders that started after Obama took office. Many Americans vacationers have also been killed such as the one who ventured into Mexican waters on a jet ski and the detective who went looking for the missing skier and only his head was sent back to America.
Happy New Year! We can end the Obama declared depression by getting rid of Obama in 2012. Normally high unemployment means the president loses the election, but not this time. The unemployed are becoming Obama’s welfare electorate with $trillions that go to them with Obama’s trickle-up socialism. We must never forget that when Obama in 2008 declared that America was in a depression (to get elected). Obama did something like that which is so stupid and so irresponsible that no intelligent person anywhere in the world ever dared to do that before because fear of a depression is what FDR said undermines confidence in government, business, and banking and thereby creates a depression.
The biggest wave of takeover offers ever, occurred in 2011. It crashed and burned last year because Obama is killing the world economy with his bitter hatred of free enterprise. $37 billion in American deals collapsed in 2011, $21 billion of equity value was erased from the May highs and only one deal closed in 2011 due to fear of Obama’s dysfunctional government with the out of control Obama administration corruption, ineptness and vindictiveness. Obama-Holden has created a dysfunctional government, a corrupt Solyndra paradigm for business, a corrupt Fannie and Freddie government paradigm which the hope to re-elect with a dysfunctional Obama voting block.
Obama started 2011 with Holden’s crooked socialist agents raiding the offices of small and middle sized businesses reminding businessmen that Obama wanted $1Billion in campaign contributions for his “2011-2012Liar Campaign”.
Some honest businesses contribute to Holden-Obama just to avoid a Holden-Obama raid that takes their computers and business records, steals technology, and puts them out of business sometimes permanently.
Liar loans had pumped $billions into his political supporters pockets with more than $10 billion of tax payer money going to union supporters and only four of the hundreds of Liar Loan criminals and Wall Street criminals going to jail. So Obama and Holden spent the year investigating “suspected” crooks to scare businesses into contributing big to the Obama 2011- 2012 MSNBC “Liar Campaign.” Meanwhile American construction went nowhere due to the “Liar Loans” given to Obama’s crooked voting block and their refusal to move out. The unemployable liars continue to occupy houses!
Why is it that all the supporters of Obama are broke already after receiving another $2.2Trillion over the past three years in phony small business loans, shovel ready stimulation handouts, and phony training and education rip-offs. Training and education loans set up by Obama liar training companies had less than 5% of those trained end up with a valid truck driver’s license or a real college degree, and fewer than 1% bothered to look for a job. Most dropped out before completing the programs and the liar training crooks left town with the taxpayer saddled with more debt.
Unemployment actually exceeds 20% and more than half the unemployed are on welfare or living with a woman on welfare. With Obama giving his dysfunctional welfare constituency $1600 per month per dysfunctional child, the American school system is failing. That is because the teachers cannot handle the children of dysfunctional families with their loud abusive dysfunctional mother coming to school to scold them for chidren's bad grades or for failing them. The abusive parents have the full support of their live-in abusive boyfriends and the dysfunctional Obama-Holden government. Fewer than 50% graduate high school and it explains whom they vote for.
The lazy, ignorant and corrupt chose ignorant and corrupt candidates who funnel the taxpayer money to them directly without them having to get off their butts and steal it for themselves.
It is clear that Obama’s voting block of crooked, ignorant, abusive and lazy people continues to grow under Obama-Holden with their $700,000,000,000 (700 billion dollars) Solyndra style corruption stimulation packages. The only thing Obama-Holden are creating is deep national corruption and a world depression. Some say Obama needs a world crisis to replace free enterprise with corrupt and abusive government. He already is well on his way. Obama is a genuine Banana Republic leader looking to make America another banana republic.
World markets
German unemployment is at a 20 year low. Germans clearly have the world’s strongest work ethic. The reason they complain so much about the lazy loafers in Germany is not because there are many lazy loafers. No, the reason they have so few lazy loafers in Germany is because Germans complain so much when they discover one.
The world economy is very fragile with emerging countries having to hunker down fast or see inflation ravage their competitiveness. They cannot afford price rises because that is what has caused Americans to stop buying Chinese products. China perhaps thought the free world needs inferior products at any price. No one buys inferior products unless they have value. A half-life computer battery must sell at less that half price for people to buy it. China is at the stage Japan was just after the 1950’s when Japan realized that they needed to get a reputation for quality not junk. By 1970 Japan was building better quality cars than America. By 1985 Japan actually believed they would overtake America. That is when their hidden socialist debt sunk their boat. Japan had promised their labor force a job for life just as communists do. The problem is the communists don’t feed you so they starve you to death like N. Korea did killing 3 million people in the last 20 years by sending them out into the countryside were there is not enough food. Japan thought that would be too harsh so they retired and finally gave in and had layoffs. But it was too late. Japan is broke. They could inflate and wipe out debt but then they would still be broke because the Japanese people would stop saving their money in Japan and invest in free-enterprise economies.
It is looking more and more like the EU can survive if it ejects Greece. Even a 90% investor haircut will not help Greece because they still cannot cut government spending enough to break even. If America does not eject Obama this year, in ten years the USA will be the another Greece.
Asian markets (especially China) care failing to break out some on the second and third times at resistance levels.
http://finance.yahoo.com/intlindices?e=asia
Germany is showing strength: Choose 2 or 5 years
http://finance.yahoo.com/echarts?s=%5EGDAXI+Interactive#chart2:symbol=^gdaxi;range=2y;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on
The Swiss are showing strength. Choose 2 or 5 years http://finance.yahoo.com/echarts?s=%5ESSMI+Interactive#chart1:symbol=^ssmi;range=2y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
Emerging markets show strength.
http://finance.yahoo.com/echarts?s=^BVSP+Interactive#chart1:symbol=^bvsp;range=2y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefine
American Economy
The US economy may not dip as Americans increasingly have hope that the Obama Regime will be thrown out of office so Americans can change back to an honest free enterprise system. The Obama administration’s corruption rivals that of Greece and Italy.
Yesterday
ISM services Index Dec 53.9 up from 52.7
Construction Spending Nov 1.2% up from 0.8%, very good
Today
Jan 4 7:00 AM MBA Mortgage Index 12/31
Jan 4 10:00 AM Factory Orders Nov -
Jan 4 2:00 PM Auto Sales Dec -
Jan 4 2:00 PM Truck Sales Dec
This Week
Jan 5 7:30 AM Challenger Job Cuts Dec
Jan 5 8:15 AM ADP Employment Change Dec
Jan 5 8:30 AM Initial Claims 12/31
Jan 5 8:30 AM Continuing Claims 12/24
Jan 5 10:00 AM ISM Services Dec
Jan 5 11:00 AM Crude Inventories 12/31
Jan 6 8:30 AM Nonfarm Payrolls Dec
Jan 6 8:30 AM Nonfarm Private Payrolls Dec
Jan 6 8:30 AM Unemployment Rate Dec
Jan 6 8:30 AM Hourly Earnings Dec
Jan 6 8:30 AM Average Workweek Dec
Market outlook January 4, 2012
We should continue to take profits as they recover near July 2011 highs. This could be a very turbulent year. American prosperity depends on getting the racist socialists out of the White House. Obama has not helped his people by giving them taxpayer money he has just put America into more debt which takes years of Obama-depression to undo. Within a year of throwing out Obama, Holden, and Obama’s Black Panther election monitors we will be booming again.
American stocks could still hit this past year’s highs by the end of January. The NYSE MACD is definitely bullish and implies we could see the bull market last until November 2012. You can also see the down side cross over occurred in May-June of 2011 in plenty of time to get out of the stock market. The upside cross over came in mid October in time to catch the last dip and the rally. But you can see that most stocks have not recovered yet.
http://www.martincapital.com/index.php?page=graph&view=macd
It is reported the hedge funds are now accumulating housing stocks.
Real estate will not take off until Americans feel confident that Obama and his racist-leftist supporters will be ejected in 2012. It was the racist liar-loans to Obama’s and Holden’s minority group that brought down the American banks after several years of racist minority group appointments to the highest levels of Fannie and Freddie by the democrat-socialist. It is likely that the racist minority appointments created the liar loan corruption that disproportionately favored Obama and Holden’s race. Now Obama and Holden are suing the banks for the money the racist liars lost when the housing market collapsed all because the racist liars defaulted on the houses they purchased with liar loans and no source of income to make mortgage payments.
http://www.martincapital.com/index.php?page=graph&view=permits_and_construction
When it comes to jobs, Obama has to manipulate the government statistics just like all communists do to pretend things are better. Sales are up because consumers have been refinancing at lower rate and dropping their monthly expenses. That improvement can only last a couple months http://www.martincapital.com/index.php?page=graph&view=unemployment
The VIX has is approaching 20 which would indicate complacency. That means the coming exuberant rally will be a good time to take profits and raise cash.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=6m&l=on&z=m&q=l&c=
We predict we could possibly have as much as 95% stock market recovery. But realize that as the upside potential is approached, then the downside risk exceeds the upside potential and it is time to lighten up. Also, remember January was very good last year and the market went down significantly afterwards so January is not necessarily a good predictor for the year. View 1yr. See:
http://finance.yahoo.com/echarts?s=^NYA+Interactive#chart4:symbol=^nya;range=1y;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
Bulk shipments still at less than 20% of the bulk trade level that existed before Obama declared the USA was in a depression in one of his 2007-2008 campaign speeches. It is also slipping again.
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stock markets were mixed last night. China down - 1.4%, Hong Kong down – 0.8%, India down – 0.4%, S. Korea down – 0.5%, and Japan up 1.2%.
European markets are down today in a range –0.2% to -1.2% half way through their day.
American market futures are down about –0.3% in after hour trading at 8:30 AM EST. It is an unreliable predictor.
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