Wealth redistribution is Obama’s code word for vote buying. Obama/Greek style union/state worker government corruption is killing America.
Nadya Suleman is an American Moslem welfare mother of two children when she had free California fertility treatment and gave birth to octuplets in January 2009. All are going well on welfare of $150,000+ per year in a beautiful house working Americans paid for. Then there is the
http://en.wikipedia.org/wiki/Nadya_Suleman
http://www.ivillage.com/octomom-nadya-suleman-broke-and-welfare/1-a-278886
http://www.youtube.com/watch?v=LdU2THsUtkw&feature=related
http://blogs.ocweekly.com/navelgazing/2010/12/octomom_and_her_herd_soon_to_b.php
http://blogs.ocweekly.com/navelgazing/2011/07/octomom_nadya_suleman_void_psy.php
The stock market is having a government gridlock rally. Gridlock is better for the economy than Obama.
Obama campaign collection are far below targets so this week Obama announced he will gladly accept funds from evil bank PACs and yesterday the SEC announced they plan to warn several major banks that they intend to sue them over mortgage-related actions linked to the financial crisis. Under Obama’s socialism you are innocent until investigated. The move would mark a stepped-up effort to stimulate campaign contributions. The IRS said it would also step up audits of people who work for a living and should contribute more than the 100% they already pay for the 48% who pay nothing.
http://www.houstonbeats.com/board/showthread.php?p=1719570
http://online.wsj.com/article/SB10001424052970203315804577211470167644182.html
http://www.reuters.com/article/2012/02/09/banks-mortgagesuits-idUSL4E8D90NJ20120209
Low volatility allows investors to buy cheap puts to protect their purchases at higher prices. If prices plummet the value of their stock drops but the value of the puts counter the stock losses. On the other hand the volume dries up and that drops the volatility further, and seems to calm the market and draw more novices into the market. Ultimately the computers come into play and compute the imbalance and know the precise time of day to pop the bubble. The computes know just where everyone has their stop losses so it sells enough to pop all the bubbles. That is why some brokers such as Fidelity restrict investors from putting in buy orders out of the market range. They know the small investors will gum up their computer and the small investors can make a profit buying in on a 50% down spike. Also many brokers like to hide the fact that small investors can easily buy all-or-none and not have to buy in two or three small blocks and pay two or three times as much on commissions. Fidelity tries to screw the little investor the most of all we have tried but you have to watch all of them. Never use stop losses and always buy and sell all-or none to avoid being manipulated. Put buy and sell orders in well out of the market. It is better to make 10% a week than 10% a year.
World markets
China’s exports declined more than 10% in December and January due to the worldwide slowdown in trade in the second half of last year that caused the Baltic Dry Index to plummet. Commerce Minister Chen Deming pledged to maintain “stability” in the yuan’s exchange rate. Exports in January “cannot make us optimistic” and are “expected to have negative growth due to Chinese New Year and other factors. Inflation accelerated to 4.5% in January for the first time in six months, and pushed up by holiday spending. That means 4.5% of their recent 8% growth is caused by inflation.
German exports slumped 4.3 percent from November, four times more than economists forecast in December as the sovereign debt crisis damped growth across the euro region. It plummeted further in December and January. In Germany they have a skilled labor force that is now on furlough one or two days of week and staying at home these cold winter days. The factories close and save on the cost of heating the buildings and they can snap up to high production without having to hire the untrained unemployed that the USA has to deal with. That keeps German costs low during slow downs and makes the workers loyal unlike in most of socialist Europe where there is Obama type political vote buying and 48% of Americans contributing nothing to pay for the socialism. Obama/Greek style union/state worker government corruption killing America.
Indonesia’s central bank cut its benchmark interest rate for the first time in three months to slow the collapse in deteriorating trade and a declining global economy. In India there is a growing shortage of cash and people have become net sellers of gold jewelry. Interest rates are falling but just like in the USA, people cannot get loans or refinance. That has complicated the USA mortgage bankruptcy situation. Bankers in the USA are beginning to hunker down and can no longer comply with continued Obama administration attacks to raise Obama’s election campaign funds. Obama has destroyed the American economy with his corruption and the siphoning off of hundreds of $billions to support his largely dysfunctional and unemployable voting block. People are beginning to realize that the “Occupy Wall Street” was intended to scare Wall Street in an election year to “buy Obama protection” from the liberal leftist maniacs. But all the “Occupy Wall Street” people are the dysfunctional youth who are getting money to attend college for free and will be dropping out and getting high as soon as the corrupt “Obama voter stimulation” ends.
.
Sharp, Japan’s largest maker of LCD panels, forecast its worst annual loss since its founding a century ago, with its president saying exporting is “nearly impossible” with the current demand.
Germany’s largest bank, Deutsche Bank AG, said fourth-quarter profit fell 76 percent as Europe’s debt crisis cut trading and the company wrote down losses.
The USA and the EU stock markets posted their highest gains in over 15 years while the highest proportion of EU companies on record are missing profit estimates. “I am not optimistic about Hong Kong’s export performance in the first half of this year,” said John Tsang. China’s market continues to slump.
Singapore Airlines’ profit tumbled 53% on rising competition and costs.
Asian markets (especially China) have failed to break out some on the second and third times at resistance levels. China’s stocks could fall 50% from here if Obama’s announced world wide “Great Depression” spreads there too.
http://finance.yahoo.com/q/ta?s=000001.SS&t=2y&l=on&z=l&q=l&p=e200%2Ce100&a=&c=
Germany broke through the resistance levels: 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 broke through the resistance levels. Choose 2 or 5 years http://finance.yahoo.com/echarts?s=%5ESSMI+Interactive#chart1:symbol=^ssmi;range=2y;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
Emerging markets show strength. Brazil broke through
http://finance.yahoo.com/echarts?s=^BVSP+Interactive#chart1:symbol=^bvsp;range=2y;indicator=ema(100,200)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
American Economy
New York sued Bank of America, JPMorgan and Wells Fargo in state court in Brooklyn as liberals continue to try to redistribute wealth to their election campaign coffers. In election years the liberals sue companies that do not give their candidates enough campaign payola. Obama told business he wants $1 billion for his re-election campaign and so far American business has coughed up less than $300,000,000. So now Obama wants Pac support too.
The Obama community activists consider adopting Japan’s socialist plan to allow negative interest rates at government debt auctions. Bernanke plans to start weaning USA Banks off borrowing Fed Funds at zero or negative interest rates. This would cut bank revenues by 30% to 40%. That will extend the Obama depression for 20 years of corruption to “redistribute” from American workers to the dysfunctional Obama voting block who have children because Obama gives welfare mothers $1600 per month per child raised in a dysfunctional welfare family. They also get free fertility treatments. Nadya Denise Doud-Suleman known as Octomom in the media, is an American Moslem welfare mother of two children on California welfare who came to international attention when she had free California fertility treatment and gave birth to octuplets in January 2009.
http://en.wikipedia.org/wiki/Nadya_Suleman
Consumer Credit Dec $19.3B down from $20.4B Consumer demand declined, not good
Yesterday
MBA Mortgage Index 02/04 +7.5% up from -2.9% due to seasonal effects
Crude Inventories 02/04 0.304M down from 4.175M
This week
Feb 9 8:30 AM Initial Claims 02/04
Feb 9 8:30 AM Continuing Claims 01/28
Feb 9 10:00 AM Wholesale Inventories Dec
Feb 10 8:30 AM Trade Balance Dec
Feb 10 9:55 AM Mich Sentiment Feb
Feb 10 2:00 PM Treasury Budget Jan
Market outlook February 9, 2012
Market at 2008 level and looks ready to plunge. Stock volume is incredibly thin making it easy to manipulate the market higher… until the funds pull the plug again.
The VIX indicates extreme complacency now. A sharp computer sell-off could end the current rally any time now and trigger stop-losses with huge losses.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=2y&l=on&z=m&q=l&c=
Bulk shipments are now at the bottom since Obama took office, even lower the Obama lows of 2008. It collapsed to the lowest world bulk trade level that existed since Obama started the Obama Great Depression in one of his 2007-2008 campaign speeches to defeat his opponent. It is now less than 5% of the international trade that existed just before Obama was elected. In the past, a decline like this set off alarms around the financial world because it implies supply exceeds demand and something has to give.
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stock markets were flat last night. China up 0.1%, Hong Kong down 0.1%, India up 0.7%, and Japan down 0.2%
European markets are up today in a range -0.4% to +1.4% half way through their day.
American market futures are flat about +0.2% in after hour trading at 8:30 AM EST.
Thursday, February 9, 2012
Wednesday, February 8, 2012
Obama has a goal of $1 Billion so he has decided to welcome corporation PACs that he has been demonizing for three years. Obama supporters are disgus
Obama has a goal of $1 Billion so he has decided to welcome corporation PACs that he has been demonizing for three years. Obama supporters are disgusting. Google Santorum and near the top of the list you will find:
http://spreadingsantorum.com/
The stock market is having a government gridlock rally. Gridlock is better for the economy than Obama.
Socialists like Obama know how to stabilize by flat lining the pulse of the economy. No pulse no chance of instability!
Despite Obama’s claims of ending the Great Depression that he introduced during his campaign, the closely watched Baltic Dry Index continues in free fall. The leading economic indicator has wiped out more than 60% of its value since we told you a month ago.
The Federal Reserve stated just last week in its FOMC statement, that it thinks the outlook for the economy is so negative it intends to keep the Fed Funds Rate at near zero “at least through late 2014”, rather than its previous target of mid-2013? Yet the president tells us things are getting better and unemployment is dropping. Who do we believe? Obviously not the president because the unemployed are still unemployed but now many get no benefits and have to join the Underground economy. In Greece it is estimated that 80% of the private economy is now underground. In southern Italy it is estimated to be close to 50%. In socialist countries that do not torture you or throw you in the Gulag
“America needs a president who can fix the economy because he understands the economy, and I do, and I will,” Romney said.
World markets
German exports slumped 4.3 percent from November, four times more than economists forecast in December as the sovereign debt crisis damped growth across the euro region.
Federal Reserve chief Ben Bernanke said the central bank would do everything it can to prevent socialist Europe's financial crisis from damaging the U.S. economy. He is holding to his pledge to keep borrowing costs close to zero at least through late 2014 even after Obama’s unemployment reports miraculously fell to a three-year low despite more Americans unemployed than during the Great Depression.
Sharp, Japan’s largest maker of LCD panels, forecast its worst annual loss since its founding a century ago, with its president saying exporting is “nearly impossible” with the current demand.
Germany’s largest bank, Deutsche Bank AG, said fourth-quarter profit fell 76 percent as Europe’s debt crisis cut trading and the company wrote down losses.
The USA and the EU stock markets posted their highest gains in over 15 years while the highest proportion of EU companies on record are missing profit estimates. “I am not optimistic about Hong Kong’s export performance in the first half of this year,” said John Tsang. China’s market continues to slump.
Singapore Airlines’ profit tumbled 53% on rising competition and costs.
Asian markets (especially China) have failed to break out some on the second and third times at resistance levels. China’s stocks could fall 50% from here if Obama’s announced world wide “Great Depression” spreads there too.
http://finance.yahoo.com/q/ta?s=000001.SS&t=2y&l=on&z=l&q=l&p=e200%2Ce100&a=&c=
Germany broke through the resistance levels: 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 broke through the resistance levels. Choose 2 or 5 years http://finance.yahoo.com/echarts?s=%5ESSMI+Interactive#chart1:symbol=^ssmi;range=2y;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
Emerging markets show strength. Brazil broke through
http://finance.yahoo.com/echarts?s=^BVSP+Interactive#chart1:symbol=^bvsp;range=2y;indicator=ema(100,200)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
American Economy
New York sued Bank of America, JPMorgan and Wells Fargo in state court in Brooklyn as liberals continue to redistribute wealth to their election campaign coffers. In election years the liberals sue companies that do not give their candidates enough campaign payola. Obama told business he wants $1 billion for his re-election campaign and so far American business has coughed up less than $300,000,000. So now Obama wants Pac support too.
The Obama community activists consider adopting Japan’s socialist plan to allow negative interest rates at government debt auctions. Bernanke plans to start weaning USA Banks off borrowing Fed Funds at zero or negative interest rates. This would cut bank revenues by 30% to 40%.
Yesterday
Consumer Credit Dec $19.3B down from $20.4B Consumer demand declined, not good
This week
Feb 8 7:00 AM MBA Mortgage Index 02/04
Feb 8 10:30 AM Crude Inventories 02/04 -
Feb 9 8:30 AM Initial Claims 02/04
Feb 9 8:30 AM Continuing Claims 01/28
Feb 9 10:00 AM Wholesale Inventories Dec
Feb 10 8:30 AM Trade Balance Dec
Feb 10 9:55 AM Mich Sentiment Feb
Feb 10 2:00 PM Treasury Budget Jan
Market outlook February 8, 2012
Market at 2008 level and looks ready to plunge. Stock volume is incredibly thin making it easy to manipulate the market higher… until the funds pull the plug again.
The VIX indicates extreme complacency now. A sharp computer sell-off could end the current rally any time now and trigger stop-losses with huge losses.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=2y&l=on&z=m&q=l&c=
Bulk shipments are now lower than any time since Obama took office, even lower the Obama lows of 2008. It collapsed to the lowest world bulk trade level that existed since Obama started the Obama Great Depression in one of his 2007-2008 campaign speeches to defeat his opponent. It is now less than 5% of the international trade that existed just before Obama was elected. In the past, a decline like this set off alarms around the financial world because it implies supply exceeds demand and something has to give.
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stock markets were up last night. China up 2.4%, Hong Kong up 1.5%, India up 0.5%, and Japan up 1.1%
European markets are up today in a range -0.1% to +1% half way through their day. Greece is an outlier today, up the moment.
American market futures are flat about +0.2% in after hour trading at 7:30 AM EST.
http://spreadingsantorum.com/
The stock market is having a government gridlock rally. Gridlock is better for the economy than Obama.
Socialists like Obama know how to stabilize by flat lining the pulse of the economy. No pulse no chance of instability!
Despite Obama’s claims of ending the Great Depression that he introduced during his campaign, the closely watched Baltic Dry Index continues in free fall. The leading economic indicator has wiped out more than 60% of its value since we told you a month ago.
The Federal Reserve stated just last week in its FOMC statement, that it thinks the outlook for the economy is so negative it intends to keep the Fed Funds Rate at near zero “at least through late 2014”, rather than its previous target of mid-2013? Yet the president tells us things are getting better and unemployment is dropping. Who do we believe? Obviously not the president because the unemployed are still unemployed but now many get no benefits and have to join the Underground economy. In Greece it is estimated that 80% of the private economy is now underground. In southern Italy it is estimated to be close to 50%. In socialist countries that do not torture you or throw you in the Gulag
“America needs a president who can fix the economy because he understands the economy, and I do, and I will,” Romney said.
World markets
German exports slumped 4.3 percent from November, four times more than economists forecast in December as the sovereign debt crisis damped growth across the euro region.
Federal Reserve chief Ben Bernanke said the central bank would do everything it can to prevent socialist Europe's financial crisis from damaging the U.S. economy. He is holding to his pledge to keep borrowing costs close to zero at least through late 2014 even after Obama’s unemployment reports miraculously fell to a three-year low despite more Americans unemployed than during the Great Depression.
Sharp, Japan’s largest maker of LCD panels, forecast its worst annual loss since its founding a century ago, with its president saying exporting is “nearly impossible” with the current demand.
Germany’s largest bank, Deutsche Bank AG, said fourth-quarter profit fell 76 percent as Europe’s debt crisis cut trading and the company wrote down losses.
The USA and the EU stock markets posted their highest gains in over 15 years while the highest proportion of EU companies on record are missing profit estimates. “I am not optimistic about Hong Kong’s export performance in the first half of this year,” said John Tsang. China’s market continues to slump.
Singapore Airlines’ profit tumbled 53% on rising competition and costs.
Asian markets (especially China) have failed to break out some on the second and third times at resistance levels. China’s stocks could fall 50% from here if Obama’s announced world wide “Great Depression” spreads there too.
http://finance.yahoo.com/q/ta?s=000001.SS&t=2y&l=on&z=l&q=l&p=e200%2Ce100&a=&c=
Germany broke through the resistance levels: 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 broke through the resistance levels. Choose 2 or 5 years http://finance.yahoo.com/echarts?s=%5ESSMI+Interactive#chart1:symbol=^ssmi;range=2y;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
Emerging markets show strength. Brazil broke through
http://finance.yahoo.com/echarts?s=^BVSP+Interactive#chart1:symbol=^bvsp;range=2y;indicator=ema(100,200)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
American Economy
New York sued Bank of America, JPMorgan and Wells Fargo in state court in Brooklyn as liberals continue to redistribute wealth to their election campaign coffers. In election years the liberals sue companies that do not give their candidates enough campaign payola. Obama told business he wants $1 billion for his re-election campaign and so far American business has coughed up less than $300,000,000. So now Obama wants Pac support too.
The Obama community activists consider adopting Japan’s socialist plan to allow negative interest rates at government debt auctions. Bernanke plans to start weaning USA Banks off borrowing Fed Funds at zero or negative interest rates. This would cut bank revenues by 30% to 40%.
Yesterday
Consumer Credit Dec $19.3B down from $20.4B Consumer demand declined, not good
This week
Feb 8 7:00 AM MBA Mortgage Index 02/04
Feb 8 10:30 AM Crude Inventories 02/04 -
Feb 9 8:30 AM Initial Claims 02/04
Feb 9 8:30 AM Continuing Claims 01/28
Feb 9 10:00 AM Wholesale Inventories Dec
Feb 10 8:30 AM Trade Balance Dec
Feb 10 9:55 AM Mich Sentiment Feb
Feb 10 2:00 PM Treasury Budget Jan
Market outlook February 8, 2012
Market at 2008 level and looks ready to plunge. Stock volume is incredibly thin making it easy to manipulate the market higher… until the funds pull the plug again.
The VIX indicates extreme complacency now. A sharp computer sell-off could end the current rally any time now and trigger stop-losses with huge losses.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=2y&l=on&z=m&q=l&c=
Bulk shipments are now lower than any time since Obama took office, even lower the Obama lows of 2008. It collapsed to the lowest world bulk trade level that existed since Obama started the Obama Great Depression in one of his 2007-2008 campaign speeches to defeat his opponent. It is now less than 5% of the international trade that existed just before Obama was elected. In the past, a decline like this set off alarms around the financial world because it implies supply exceeds demand and something has to give.
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stock markets were up last night. China up 2.4%, Hong Kong up 1.5%, India up 0.5%, and Japan up 1.1%
European markets are up today in a range -0.1% to +1% half way through their day. Greece is an outlier today, up the moment.
American market futures are flat about +0.2% in after hour trading at 7:30 AM EST.
Tuesday, February 7, 2012
A high risk of an imminent stock market crash now exists as socialists plan to tap investors with new fees to stabilize markets with losses.
A high risk of an imminent stock market crash now exists as socialists plan to tap investors with new fees to stabilize markets with losses. Socialists like Obama know how to stabilize by flat lining the pulse of the economy. No pulse no chance of instability!
The SEC will empower “Share holders” like democrat State Treasurers to be active and capable of unseating corporate executives and putting in socialists to redistribute corporate profits away from shareholders to the “less fortunate.” Bank of America and GM are two successful coups so far for the socialists.
Despite Obama’s claims of ending the Great Depression that he introduced during his campaign, the closely watched Baltic Dry Index continues in free fall. The leading economic indicator has wiped out more than 60% of its value since we told you a month ago.
“This president’s misguided policies made these tough times last longer,” Romney said.
The Federal Reserve stated just last week in its FOMC statement, that it thinks the outlook for the economy is so negative it intends to keep the Fed Funds Rate at near zero “at least through late 2014”, rather than its previous target of mid-2013? Yet the president tells us things are getting better and unemployment is dropping. Who do we believe? Obviously not the president because the unemployed are still unemployed but now many get no benefits and have to join the Underground economy. In Greece it is estimated that 80% of the private economy is now underground. In southern Italy it is estimated to be close to 50%. In socialist countries that do not torture you or throw you in the Gulag
The percentage of each past president's cabinet who had worked in the real-life private business sectors prior to their appointment to the cabinet.
T. Roosevelt.................... 38%
Taft.................................. 40%
Wilson ........................... 52%
Harding........................... 49%
Coolidge......................... 48%
Hoover............................ 42%
F. Roosevelt................... 50%
Truman........................... 50%
Eisenhower................ .... 57%
Kennedy......................... 30%
Johnson.......................... 47%
Nixon.............................. 53%
Ford................................ 42%
Carter............................. 32%
Reagan........................... 56%
GH Bush......................... 51%
Clinton .......................... 39%
GW Bush........................ 55%
Obama..................... 8% duhh
This helps to explain the competency level of this administration: only 8% of them have ever really worked.
“America needs a president who can fix the economy because he understands the economy, and I do, and I will,” Romney said.
World markets
Federal Reserve chief Ben Bernanke said the central bank would do everything it can to prevent socialist Europe's financial crisis from damaging the U.S. economy.
Greek tragedy for bond investors dominates the headlines. Olivier Blanchard, chief IMF economist said he expects private holders of Greek debt to accept a "very large" reduction on the value of their bonds. Technically, when the Greek bond investors accept a total loss there is no default because it was ok with them.
Indonesia’s economy grew last year at the fastest pace since before the Asian financial collapse of 1996 as rising domestic spending counters a collapse in Indonesia’s exports caused by Europe’s debt crisis.
“Japan’s consumer-electronics makers are in a total breakdown,” said Masamitsu Ohki, a fund manager at Stats Investment Management Co., a Tokyo-based hedge fund. Japan’s biggest makers of phones, televisions and chips say they’ll lose about $17 billion this year
Witold Bahrke, a senior strategist at PFA Pension A/S in Copenhagen, which manages $45 billion said about Greece. “We can no longer completely exclude extreme scenarios such as a disorderly default or -- a bit further down the line -- an exit from the euro area. Investors have become fairly resilient towards news from Greece, but we are seeing small signs negative sentiment is taking over after the positive mood dominating markets recently.”
Forcing Greek bondholders is telling bondholders to start dumping Portugal’s and Italy’s bonds before they get 70% hair cuts (70% defaults). Portugal’s bond-market rout suggests investors are concerned about a Greek-style reduction in debt repayments.
Sharp, Japan’s largest maker of LCD panels, forecast its worst annual loss since its founding a century ago, with its president saying exporting is “nearly impossible” with the current demand.
Germany’s largest bank, Deutsche Bank AG, said fourth-quarter profit fell 76 percent as Europe’s debt crisis cut trading and the company wrote down losses.
The USA and the EU stock markets posted their highest gains in over 15 years while the highest proportion of EU companies on record are missing profit estimates. “I am not optimistic about Hong Kong’s export performance in the first half of this year,” said John Tsang. China’s market continues to slump.
Singapore Airlines’ profit tumbled 53% on rising competition and costs.
Asian markets (especially China) have failed to break out some on the second and third times at resistance levels. China’s stocks could fall 50% from here if Obama’s announced world wide “Great Depression” spreads there too.
http://finance.yahoo.com/q/ta?s=000001.SS&t=2y&l=on&z=l&q=l&p=e200%2Ce100&a=&c=
Germany broke through the resistance levels: 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 broke through the resistance levels. Choose 2 or 5 years http://finance.yahoo.com/echarts?s=%5ESSMI+Interactive#chart1:symbol=^ssmi;range=2y;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
Emerging markets show strength. Brazil broke through
http://finance.yahoo.com/echarts?s=^BVSP+Interactive#chart1:symbol=^bvsp;range=2y;indicator=ema(100,200)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
American Economy
New York sued Bank of America, JPMorgan and Wells Fargo in state court in Brooklyn as liberals continue to redistribute wealth to their election campaign coffers. In election years the liberals sue companies that do not give their candidates enough campaign payola. Obama told business he wants $1 billion for his re-election campaign and so far American business has coughed up less than $300,000,000.
The Obama community activists consider adopting Japan’s socialist plan to allow negative interest rates at government debt auctions.
Romney said the president should “be apologizing to America,” describing him as a community activist who “demonizes and denigrates almost every sector of our economy.”
Bernanke plans to start weaning USA Banks off borrowing Fed Funds at zero or negative interest rates. This would cut bank revenues by 30% to 40%.
Boston Scientific Corp. (BSX), the second-biggest cardiac-device maker, fourth-quarter earnings plummeted 55 percent.
This week
Feb 7 3:00 PM Consumer Credit Dec
Feb 8 7:00 AM MBA Mortgage Index 02/04
Feb 8 10:30 AM Crude Inventories 02/04 -
Feb 9 8:30 AM Initial Claims 02/04
Feb 9 8:30 AM Continuing Claims 01/28
Feb 9 10:00 AM Wholesale Inventories Dec
Feb 10 8:30 AM Trade Balance Dec
Feb 10 9:55 AM Mich Sentiment Feb
Feb 10 2:00 PM Treasury Budget Jan
Market outlook February 7, 2012
Market looks ready to plunge.
The VIX indicates extreme complacency now. A sharp computer sell-off could end the current rally any time now and trigger stop-losses with huge losses.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=2y&l=on&z=m&q=l&c=
Bulk shipments are now lower than any time since Obama took office, even lower the Obama lows of 2008. It collapsed to the lowest world bulk trade level that existed since Obama started the Obama Great Depression in one of his 2007-2008 campaign speeches to defeat his opponent. It is now less than 5% of the international trade that existed just before Obama was elected. In the past, a precipitous decline in this index, set off alarms around the financial world because it implies supply exceeds demand and something has to give.
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stock markets were down last night. China down –1.7%, Hong Kong down -0.1%, India down -0.5%, and Japan down -0.1%
European markets are down today in a range -0.2% to -1% half way through their day. Greece is an outlier today, up the moment.
American market futures are flat about -0.2% in after hour trading at 7:30 AM EST.
We estimate the current level peak will be soon in a head-and-shoulders sell signal.
The SEC will empower “Share holders” like democrat State Treasurers to be active and capable of unseating corporate executives and putting in socialists to redistribute corporate profits away from shareholders to the “less fortunate.” Bank of America and GM are two successful coups so far for the socialists.
Despite Obama’s claims of ending the Great Depression that he introduced during his campaign, the closely watched Baltic Dry Index continues in free fall. The leading economic indicator has wiped out more than 60% of its value since we told you a month ago.
“This president’s misguided policies made these tough times last longer,” Romney said.
The Federal Reserve stated just last week in its FOMC statement, that it thinks the outlook for the economy is so negative it intends to keep the Fed Funds Rate at near zero “at least through late 2014”, rather than its previous target of mid-2013? Yet the president tells us things are getting better and unemployment is dropping. Who do we believe? Obviously not the president because the unemployed are still unemployed but now many get no benefits and have to join the Underground economy. In Greece it is estimated that 80% of the private economy is now underground. In southern Italy it is estimated to be close to 50%. In socialist countries that do not torture you or throw you in the Gulag
The percentage of each past president's cabinet who had worked in the real-life private business sectors prior to their appointment to the cabinet.
T. Roosevelt.................... 38%
Taft.................................. 40%
Wilson ........................... 52%
Harding........................... 49%
Coolidge......................... 48%
Hoover............................ 42%
F. Roosevelt................... 50%
Truman........................... 50%
Eisenhower................ .... 57%
Kennedy......................... 30%
Johnson.......................... 47%
Nixon.............................. 53%
Ford................................ 42%
Carter............................. 32%
Reagan........................... 56%
GH Bush......................... 51%
Clinton .......................... 39%
GW Bush........................ 55%
Obama..................... 8% duhh
This helps to explain the competency level of this administration: only 8% of them have ever really worked.
“America needs a president who can fix the economy because he understands the economy, and I do, and I will,” Romney said.
World markets
Federal Reserve chief Ben Bernanke said the central bank would do everything it can to prevent socialist Europe's financial crisis from damaging the U.S. economy.
Greek tragedy for bond investors dominates the headlines. Olivier Blanchard, chief IMF economist said he expects private holders of Greek debt to accept a "very large" reduction on the value of their bonds. Technically, when the Greek bond investors accept a total loss there is no default because it was ok with them.
Indonesia’s economy grew last year at the fastest pace since before the Asian financial collapse of 1996 as rising domestic spending counters a collapse in Indonesia’s exports caused by Europe’s debt crisis.
“Japan’s consumer-electronics makers are in a total breakdown,” said Masamitsu Ohki, a fund manager at Stats Investment Management Co., a Tokyo-based hedge fund. Japan’s biggest makers of phones, televisions and chips say they’ll lose about $17 billion this year
Witold Bahrke, a senior strategist at PFA Pension A/S in Copenhagen, which manages $45 billion said about Greece. “We can no longer completely exclude extreme scenarios such as a disorderly default or -- a bit further down the line -- an exit from the euro area. Investors have become fairly resilient towards news from Greece, but we are seeing small signs negative sentiment is taking over after the positive mood dominating markets recently.”
Forcing Greek bondholders is telling bondholders to start dumping Portugal’s and Italy’s bonds before they get 70% hair cuts (70% defaults). Portugal’s bond-market rout suggests investors are concerned about a Greek-style reduction in debt repayments.
Sharp, Japan’s largest maker of LCD panels, forecast its worst annual loss since its founding a century ago, with its president saying exporting is “nearly impossible” with the current demand.
Germany’s largest bank, Deutsche Bank AG, said fourth-quarter profit fell 76 percent as Europe’s debt crisis cut trading and the company wrote down losses.
The USA and the EU stock markets posted their highest gains in over 15 years while the highest proportion of EU companies on record are missing profit estimates. “I am not optimistic about Hong Kong’s export performance in the first half of this year,” said John Tsang. China’s market continues to slump.
Singapore Airlines’ profit tumbled 53% on rising competition and costs.
Asian markets (especially China) have failed to break out some on the second and third times at resistance levels. China’s stocks could fall 50% from here if Obama’s announced world wide “Great Depression” spreads there too.
http://finance.yahoo.com/q/ta?s=000001.SS&t=2y&l=on&z=l&q=l&p=e200%2Ce100&a=&c=
Germany broke through the resistance levels: 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 broke through the resistance levels. Choose 2 or 5 years http://finance.yahoo.com/echarts?s=%5ESSMI+Interactive#chart1:symbol=^ssmi;range=2y;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
Emerging markets show strength. Brazil broke through
http://finance.yahoo.com/echarts?s=^BVSP+Interactive#chart1:symbol=^bvsp;range=2y;indicator=ema(100,200)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
American Economy
New York sued Bank of America, JPMorgan and Wells Fargo in state court in Brooklyn as liberals continue to redistribute wealth to their election campaign coffers. In election years the liberals sue companies that do not give their candidates enough campaign payola. Obama told business he wants $1 billion for his re-election campaign and so far American business has coughed up less than $300,000,000.
The Obama community activists consider adopting Japan’s socialist plan to allow negative interest rates at government debt auctions.
Romney said the president should “be apologizing to America,” describing him as a community activist who “demonizes and denigrates almost every sector of our economy.”
Bernanke plans to start weaning USA Banks off borrowing Fed Funds at zero or negative interest rates. This would cut bank revenues by 30% to 40%.
Boston Scientific Corp. (BSX), the second-biggest cardiac-device maker, fourth-quarter earnings plummeted 55 percent.
This week
Feb 7 3:00 PM Consumer Credit Dec
Feb 8 7:00 AM MBA Mortgage Index 02/04
Feb 8 10:30 AM Crude Inventories 02/04 -
Feb 9 8:30 AM Initial Claims 02/04
Feb 9 8:30 AM Continuing Claims 01/28
Feb 9 10:00 AM Wholesale Inventories Dec
Feb 10 8:30 AM Trade Balance Dec
Feb 10 9:55 AM Mich Sentiment Feb
Feb 10 2:00 PM Treasury Budget Jan
Market outlook February 7, 2012
Market looks ready to plunge.
The VIX indicates extreme complacency now. A sharp computer sell-off could end the current rally any time now and trigger stop-losses with huge losses.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=2y&l=on&z=m&q=l&c=
Bulk shipments are now lower than any time since Obama took office, even lower the Obama lows of 2008. It collapsed to the lowest world bulk trade level that existed since Obama started the Obama Great Depression in one of his 2007-2008 campaign speeches to defeat his opponent. It is now less than 5% of the international trade that existed just before Obama was elected. In the past, a precipitous decline in this index, set off alarms around the financial world because it implies supply exceeds demand and something has to give.
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stock markets were down last night. China down –1.7%, Hong Kong down -0.1%, India down -0.5%, and Japan down -0.1%
European markets are down today in a range -0.2% to -1% half way through their day. Greece is an outlier today, up the moment.
American market futures are flat about -0.2% in after hour trading at 7:30 AM EST.
We estimate the current level peak will be soon in a head-and-shoulders sell signal.
Monday, February 6, 2012
The president should “be apologizing to America,” a community activist who “demonizes and denigrates almost every sector of our economy.”
Romney said the president should “be apologizing to America,” describing him as a community activist who “demonizes and denigrates almost every sector of our economy.”
A recent "Investor's Business Daily" article provided statistics from a survey by the United Nations International
Health Organization. Shows that before Obamacare the USA had better health care. Obamacare is already costing more in premium costs.
National Health Insurance?
U.S. NO, just private plus Medicaid and Medicare England YES Canada YES
Percentage of men and women who survived a cancer five years after diagnosis:
U.S. 65%, England 46%, Canada 42%
Percentage of patients diagnosed with diabetes who received treatment within six months:
U.S. 93% England 15% Canada 43%
Percentage of seniors needing hip replacement who received it within six months:
U.S. 90% England 15% Canada 43%
Percentage referred to a medical specialist who see one within one month:
U.S. 77% England 40% Canada 43%
Number of MRI scanners (a prime diagnostic tool) per million people:
U.S. 71 England 14 Canada 18
Percentage of seniors (65+), with low income, who say they are in "excellent health":
U.S. 12% England 2% Canada 6%
Seems Private plus Medicaid and Medicare
“This president’s misguided policies made these tough times last longer,” Romney said.
The Federal Reserve stated just last week in its FOMC statement, that it thinks the outlook for the economy is so negative it intends to keep the Fed Funds Rate at near zero “at least through late 2014”, rather than its previous target of mid-2013?
“America needs a president who can fix the economy because he understands the economy, and I do, and I will,” Romney said.
World markets
Indonesia’s economy grew last year at the fastest pace since before the Asian financial collapse of 1996 as rising domestic spending counters a collapse in Indonesia’s exports caused by Europe’s debt crisis.
“Japan’s consumer-electronics makers are in a total breakdown,” said Masamitsu Ohki, a fund manager at Stats Investment Management Co., a Tokyo-based hedge fund. Japan’s biggest makers of phones, televisions and chips say they’ll lose about $17 billion this year
Witold Bahrke, a senior strategist at PFA Pension A/S in Copenhagen, which manages $45 billion said about Greece. “We can no longer completely exclude extreme scenarios such as a disorderly default or -- a bit further down the line -- an exit from the euro area. Investors have become fairly resilient towards news from Greece, but we are seeing small signs negative sentiment is taking over after the positive mood dominating markets recently.”
Forcing Greek bondholders is telling bondholders to start dumping Portugal’s and Italy’s bonds before they get 70% hair cuts (70% defaults). Portugal’s bond-market rout suggests investors are concerned about a Greek-style reduction in debt repayments.
Sharp, Japan’s largest maker of LCD panels, forecast its worst annual loss since its founding a century ago, with its president saying exporting is “nearly impossible” with the current demand.
Germany’s largest bank, Deutsche Bank AG, said fourth-quarter profit fell 76 percent as Europe’s debt crisis cut trading and the company wrote down losses.
The USA and the Free-World stock markets posted their highest gains in over 15 years while the highest proportion of European companies on record are missing profit estimates. “I am not optimistic about Hong Kong’s export performance in the first half of this year,” said John Tsang.
Singapore Airlines’ profit tumbled 53% on rising competition and costs.
France is in favor of a financial transaction tax. We think it will happen.
Asian markets (especially China) are failing to break out some on the second and third times at resistance levels. China’s stocks could fall 50% from here if Obama’s announced world wide “Great Depression” spreads there too.
http://finance.yahoo.com/q/ta?s=000001.SS&t=2y&l=on&z=l&q=l&p=e200%2Ce100&a=&c=
Germany broke through the resistance levels: 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 broke through the resistance levels. Choose 2 or 5 years http://finance.yahoo.com/echarts?s=%5ESSMI+Interactive#chart1:symbol=^ssmi;range=2y;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
Emerging markets show strength. Brazil broke through
http://finance.yahoo.com/echarts?s=^BVSP+Interactive#chart1:symbol=^bvsp;range=2y;indicator=ema(100,200)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
American Economy
Romney won Nevada by a decisive double-digit margin.
The Obama government considers adopting Japan’s socialist plan to allow negative interest rates at government debt auctions.
Federal Reserve chief Ben Bernanke said the central bank would do everything it can to prevent socialist Europe's financial crisis from damaging the U.S. economy.
Bernanke plans to start weaning USA Banks off borrowing Fed Funds at zero or negative interest rates and loaning at market rates. This would cut bank revenues by 30% to 40%.
Boston Scientific Corp. (BSX), the second-biggest cardiac-device maker, fourth-quarter earnings plummeted 55 percent.
Last week
Personal Income Dec 0.5% up from 0.1% A 6% per year increase (big bonuses?)
Personal Spending Dec 0.0% down from 0.1% No increase last Xmas NG
AM PCE Prices - Core Dec 0.2% up from 0.1% 2.4% core inflation rate OK
Employment Cost Index Q4 0.4% up from 0.3% Higher production costs NG
Case-Shiller 20-city Index Nov -3.7% dropping faster than October’s -3.4% NG
Chicago ProductionMI Jan 60.2 dropped from 62.5 production declined NG
Consumer Confidence Jan 61.1 a big drop from 64.5 not good
MBA Mortgage Index 01/28 -2.9% declines yet again -5.0% terrible
ADP Employment Change Jan 170K down from 325K Terrible
ISM Index Jan 54.1 up from 53.9 improved
Construction Spending Dec 1.5% up from 1.2% still depressed
Crude Inventories 01/28 4.175M up from 3.558M declining oil consumption
Challenger Job Cuts is a report, released monthly, that provides information on the number of announced corporate layoffs. Jan +38.9% up from+30.6% layoffs up is not good
Initial Claims 01/28 367K down from 377K good
Continuing Claims 01/21 3437K down 3554K good
Productivity-Prel Q4 0.7down from 2.3% Terrible
Unit Labor Costs Q4 1.2% increased -2.5% Bad
Friday
Nonfarm Payrolls Jan 243K up from 200K
Nonfarm Private Payrolls Jan 257K up from 212K
Unemployment Rate Jan 8.3% down from 8.5% -
Hourly Earnings Jan 0.2% same 0.2%
Average Workweek Jan 34.5 slight increase from 34.4
Factory Orders Dec 1.1% down from 1.8%
ISM Services Jan 56.8 up from 52.6
This week
Feb 7 3:00 PM Consumer Credit Dec
Feb 8 7:00 AM MBA Mortgage Index 02/04
Feb 8 10:30 AM Crude Inventories 02/04 -
Feb 9 8:30 AM Initial Claims 02/04
Feb 9 8:30 AM Continuing Claims 01/28
Feb 9 10:00 AM Wholesale Inventories Dec
Feb 10 8:30 AM Trade Balance Dec
Feb 10 9:55 AM Mich Sentiment Feb
Feb 10 2:00 PM Treasury Budget Jan
Market outlook February 6, 2012
Market looks ready to peak.
The VIX indicates extreme complacency now. A sharp computer sell-off could end the current rally any time now and trigger stop-losses with huge losses.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=2y&l=on&z=m&q=l&c=
Bulk shipments are now lower than any time since Obama took office, even lower the Obama lows of 2008. It collapsed to the lowest world bulk trade level that existed since Obama started the Obama Great Depression in one of his 2007-2008 campaign speeches to defeat his opponent. It is now less than 5% of the international trade that existed just before Obama was elected. In the past, a precipitous decline in this index, set off alarms around the financial world because it implies supply exceeds demand and something has to give.
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stock markets were mixed last night. China up 0%, Hong Kong down -0.2%, India up 0.5%, and Japan up 1.1%
European markets are down today in a range -0.2% to -0.8% half way through their day. Italy and Greece are outliers today, up the moment.
American market futures are flat about -0.3% in after hour trading at 8:00 AM EST.
We estimate the peak will be soon in a head-and-shoulders sell signal.
A recent "Investor's Business Daily" article provided statistics from a survey by the United Nations International
Health Organization. Shows that before Obamacare the USA had better health care. Obamacare is already costing more in premium costs.
National Health Insurance?
U.S. NO, just private plus Medicaid and Medicare England YES Canada YES
Percentage of men and women who survived a cancer five years after diagnosis:
U.S. 65%, England 46%, Canada 42%
Percentage of patients diagnosed with diabetes who received treatment within six months:
U.S. 93% England 15% Canada 43%
Percentage of seniors needing hip replacement who received it within six months:
U.S. 90% England 15% Canada 43%
Percentage referred to a medical specialist who see one within one month:
U.S. 77% England 40% Canada 43%
Number of MRI scanners (a prime diagnostic tool) per million people:
U.S. 71 England 14 Canada 18
Percentage of seniors (65+), with low income, who say they are in "excellent health":
U.S. 12% England 2% Canada 6%
Seems Private plus Medicaid and Medicare
“This president’s misguided policies made these tough times last longer,” Romney said.
The Federal Reserve stated just last week in its FOMC statement, that it thinks the outlook for the economy is so negative it intends to keep the Fed Funds Rate at near zero “at least through late 2014”, rather than its previous target of mid-2013?
“America needs a president who can fix the economy because he understands the economy, and I do, and I will,” Romney said.
World markets
Indonesia’s economy grew last year at the fastest pace since before the Asian financial collapse of 1996 as rising domestic spending counters a collapse in Indonesia’s exports caused by Europe’s debt crisis.
“Japan’s consumer-electronics makers are in a total breakdown,” said Masamitsu Ohki, a fund manager at Stats Investment Management Co., a Tokyo-based hedge fund. Japan’s biggest makers of phones, televisions and chips say they’ll lose about $17 billion this year
Witold Bahrke, a senior strategist at PFA Pension A/S in Copenhagen, which manages $45 billion said about Greece. “We can no longer completely exclude extreme scenarios such as a disorderly default or -- a bit further down the line -- an exit from the euro area. Investors have become fairly resilient towards news from Greece, but we are seeing small signs negative sentiment is taking over after the positive mood dominating markets recently.”
Forcing Greek bondholders is telling bondholders to start dumping Portugal’s and Italy’s bonds before they get 70% hair cuts (70% defaults). Portugal’s bond-market rout suggests investors are concerned about a Greek-style reduction in debt repayments.
Sharp, Japan’s largest maker of LCD panels, forecast its worst annual loss since its founding a century ago, with its president saying exporting is “nearly impossible” with the current demand.
Germany’s largest bank, Deutsche Bank AG, said fourth-quarter profit fell 76 percent as Europe’s debt crisis cut trading and the company wrote down losses.
The USA and the Free-World stock markets posted their highest gains in over 15 years while the highest proportion of European companies on record are missing profit estimates. “I am not optimistic about Hong Kong’s export performance in the first half of this year,” said John Tsang.
Singapore Airlines’ profit tumbled 53% on rising competition and costs.
France is in favor of a financial transaction tax. We think it will happen.
Asian markets (especially China) are failing to break out some on the second and third times at resistance levels. China’s stocks could fall 50% from here if Obama’s announced world wide “Great Depression” spreads there too.
http://finance.yahoo.com/q/ta?s=000001.SS&t=2y&l=on&z=l&q=l&p=e200%2Ce100&a=&c=
Germany broke through the resistance levels: 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 broke through the resistance levels. Choose 2 or 5 years http://finance.yahoo.com/echarts?s=%5ESSMI+Interactive#chart1:symbol=^ssmi;range=2y;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
Emerging markets show strength. Brazil broke through
http://finance.yahoo.com/echarts?s=^BVSP+Interactive#chart1:symbol=^bvsp;range=2y;indicator=ema(100,200)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
American Economy
Romney won Nevada by a decisive double-digit margin.
The Obama government considers adopting Japan’s socialist plan to allow negative interest rates at government debt auctions.
Federal Reserve chief Ben Bernanke said the central bank would do everything it can to prevent socialist Europe's financial crisis from damaging the U.S. economy.
Bernanke plans to start weaning USA Banks off borrowing Fed Funds at zero or negative interest rates and loaning at market rates. This would cut bank revenues by 30% to 40%.
Boston Scientific Corp. (BSX), the second-biggest cardiac-device maker, fourth-quarter earnings plummeted 55 percent.
Last week
Personal Income Dec 0.5% up from 0.1% A 6% per year increase (big bonuses?)
Personal Spending Dec 0.0% down from 0.1% No increase last Xmas NG
AM PCE Prices - Core Dec 0.2% up from 0.1% 2.4% core inflation rate OK
Employment Cost Index Q4 0.4% up from 0.3% Higher production costs NG
Case-Shiller 20-city Index Nov -3.7% dropping faster than October’s -3.4% NG
Chicago ProductionMI Jan 60.2 dropped from 62.5 production declined NG
Consumer Confidence Jan 61.1 a big drop from 64.5 not good
MBA Mortgage Index 01/28 -2.9% declines yet again -5.0% terrible
ADP Employment Change Jan 170K down from 325K Terrible
ISM Index Jan 54.1 up from 53.9 improved
Construction Spending Dec 1.5% up from 1.2% still depressed
Crude Inventories 01/28 4.175M up from 3.558M declining oil consumption
Challenger Job Cuts is a report, released monthly, that provides information on the number of announced corporate layoffs. Jan +38.9% up from+30.6% layoffs up is not good
Initial Claims 01/28 367K down from 377K good
Continuing Claims 01/21 3437K down 3554K good
Productivity-Prel Q4 0.7down from 2.3% Terrible
Unit Labor Costs Q4 1.2% increased -2.5% Bad
Friday
Nonfarm Payrolls Jan 243K up from 200K
Nonfarm Private Payrolls Jan 257K up from 212K
Unemployment Rate Jan 8.3% down from 8.5% -
Hourly Earnings Jan 0.2% same 0.2%
Average Workweek Jan 34.5 slight increase from 34.4
Factory Orders Dec 1.1% down from 1.8%
ISM Services Jan 56.8 up from 52.6
This week
Feb 7 3:00 PM Consumer Credit Dec
Feb 8 7:00 AM MBA Mortgage Index 02/04
Feb 8 10:30 AM Crude Inventories 02/04 -
Feb 9 8:30 AM Initial Claims 02/04
Feb 9 8:30 AM Continuing Claims 01/28
Feb 9 10:00 AM Wholesale Inventories Dec
Feb 10 8:30 AM Trade Balance Dec
Feb 10 9:55 AM Mich Sentiment Feb
Feb 10 2:00 PM Treasury Budget Jan
Market outlook February 6, 2012
Market looks ready to peak.
The VIX indicates extreme complacency now. A sharp computer sell-off could end the current rally any time now and trigger stop-losses with huge losses.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=2y&l=on&z=m&q=l&c=
Bulk shipments are now lower than any time since Obama took office, even lower the Obama lows of 2008. It collapsed to the lowest world bulk trade level that existed since Obama started the Obama Great Depression in one of his 2007-2008 campaign speeches to defeat his opponent. It is now less than 5% of the international trade that existed just before Obama was elected. In the past, a precipitous decline in this index, set off alarms around the financial world because it implies supply exceeds demand and something has to give.
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stock markets were mixed last night. China up 0%, Hong Kong down -0.2%, India up 0.5%, and Japan up 1.1%
European markets are down today in a range -0.2% to -0.8% half way through their day. Italy and Greece are outliers today, up the moment.
American market futures are flat about -0.3% in after hour trading at 8:00 AM EST.
We estimate the peak will be soon in a head-and-shoulders sell signal.
Friday, February 3, 2012
Top California high school class student whose family originally came from India is suing saying students of Obama’s and Hispanic race are getting pre
U.S. Supreme Court case to consider challenging racist preferences for blacks and Hispanics in college admissions. A top California high school class student whose family originally came from India is suing saying students of Obama’s and Hispanic race are getting preferential treatment at Harvard and Princeton. Farmers of Obama’s race got $billions based on Obama’s executive orders thus by-passed court scrutiny after Obama was elected. Obama is using executive orders to favor people of his race in housing, jobs, and education. Like Jews in the first half of the 20th century, who faced quotas at Harvard, Princeton, and other Ivy League schools, Asian-Americans and Caucasians, must meet a higher standard than other applicants based on measures such as test scores and high school grades, according to several academic studies.
Planned Parenthood received pledges of $400,000 from 6,000 donors as of 2 p.m. yesterday. Three large donors also surfaced: The Amy and Lee Fikes’ Foundation, run by the head of closely-held Bonanza Oil Co. in Dallas, pledged $250,000; New York Mayor Michael Bloomberg said he’ll match the next $250,000 given and Credo, a mobile-phone company, promised $200,000.
The Obama administration plans to surrender five Afghan Taliban prisoners from U.S. military detention to curry Taliban support, the chairman of the House Intelligence Committee said.
World markets
Economists including Holger Schmieding of Berenberg Bank in London say that Greece will still be saddled with too much debt, too little growth and too large a budget hole to do without even more bailouts if they remain on the euro. Forcing Greek bondholders is telling bondholders to start dumping Portugal’s and Italy’s bonds before they get 70% hair cuts (70% defaults). Portugal’s bond-market rout suggests investors are concerned about a Greek-style reduction in debt repayments.
MALEV, the state-owned Hungarian airline founded in 1946, ceased flying after the government withdrew support.
Panasonic Corp. almost doubled its annual loss forecast to a record 780 billion yen ($10 billion).
Shilling said that China’s economy is headed for a ‘hard landing’ this year.
Sharp, Japan’s largest maker of LCD panels, forecast its worst annual loss since its founding a century ago, with its president saying exporting is “nearly impossible” with the current demand.
Germany’s largest bank, Deutsche Bank AG, said fourth-quarter profit fell 76 percent as Europe’s debt crisis cut trading and the company wrote down losses.
The USA and the Free-World stock markets posted their highest gains in over 15 years while the highest proportion of European companies on record are missing profit estimates. “I am not optimistic about Hong Kong’s export performance in the first half of this year,” John Tsang said today. “If exports of goods were to plunge in the first quarter, the overall economy might take a downturn in that quarter.” The euro weakened versus the yen and the dollar as Greece struggled to reach an agreement with bondholders on cutting the nation’s debt burden, stoking concern Europe’s crisis will deepen.
Singapore Airlines’ profit tumbled 53% on rising competition and costs.
The U.S. government considers a Japan plan to allow negative interest rates at government debt auctions.
French consumer spending fell 0.7 percent from November in December as surging joblessness and concern about looming tax increases prompted households to cut back spending. Before the 1970’s transaction costs helped prevent stock market flash crashes.
France is in favor of a financial transaction tax. We think it will happen.
The Juan was poised for its worst monthly loss in 18 years earlier before rallying after Greek Prime Minister Lucas Papademos said progress had been made in talks with creditors.
The World Bank cut its forecast for global growth including China, by the most in three years.
We expect the markets will all form head-and-shoulder sell signals after breaking their 200 DMA. World trade “Bulk Shipments” have collapsed to the lowest world bulk trade level that existed since Obama declared the USA was in a depression in one of his 2007-2008 campaign speeches. Asian markets (especially China) are failing to break out some on the second and third times at resistance levels. China’s stocks could fall 50% from here if Obama’s announced “Great Depression” spreads there too.
http://finance.yahoo.com/q/ta?s=000001.SS&t=2y&l=on&z=l&q=l&p=e200%2Ce100&a=&c=
Germany broke through the resistance levels: 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 broke through the resistance levels. Choose 2 or 5 years http://finance.yahoo.com/echarts?s=%5ESSMI+Interactive#chart1:symbol=^ssmi;range=2y;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
Emerging markets show strength. Brazil broke through
http://finance.yahoo.com/echarts?s=^BVSP+Interactive#chart1:symbol=^bvsp;range=2y;indicator=ema(100,200)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
American Economy
Federal Reserve chief Ben Bernanke said the central bank would do everything it can to prevent Europe's financial woes from damaging the U.S. economy.
Boston Scientific Corp. (BSX), the second-biggest cardiac-device maker, fell 4% after fourth-quarter earnings plummeted 55 percent.
Cigna Corp. (CI), the U.S. health insurer that acquired Medicare managed-care provider Healthspring Inc., reported fourth-quarter earnings below estimates and forecast growth below estimates.
AMR to cut 13000 jobs.
This week
Personal Income Dec 0.5% up from 0.1% A 6% per year increase (big bonuses?)
Personal Spending Dec 0.0% down from 0.1% No increase last Xmas NG
AM PCE Prices - Core Dec 0.2% up from 0.1% 2.4% core inflation rate OK
Employment Cost Index Q4 0.4% up from 0.3% Higher production costs NG
Case-Shiller 20-city Index Nov -3.7% dropping faster than October’s -3.4% NG
Chicago ProductionMI Jan 60.2 dropped from 62.5 production declined NG
Consumer Confidence Jan 61.1 a big drop from 64.5 not good
MBA Mortgage Index 01/28 -2.9% declines yet again -5.0% terrible
ADP Employment Change Jan 170K down from 325K Terrible
ISM Index Jan 54.1 up from 53.9 improved
Construction Spending Dec 1.5% up from 1.2% still depressed
Crude Inventories 01/28 4.175M up from 3.558M declining oil consumption
Yesterday
Challenger Job Cuts is a report, released monthly, that provides information on the number of announced corporate layoffs. Jan +38.9% up from+30.6% layoffs up is not good
Initial Claims 01/28 367K down from 377K good
Continuing Claims 01/21 3437K down 3554K good
Productivity-Prel Q4 0.7down from 2.3% Terrible
Unit Labor Costs Q4 1.2% increased -2.5% Bad
Today
Feb 3 8:30 AM Nonfarm Payrolls Jan
Feb 3 8:30 AM Nonfarm Private Payrolls Jan
Feb 3 8:30 AM Unemployment Rate Jan
Feb 3 8:30 AM Hourly Earnings Jan
Feb 3 8:30 AM Average Workweek Jan
Feb 3 10:00 AM Factory Orders Dec
Feb 3 10:00 AM ISM Services Jan
Market outlook February 3, 2012
Market looks ready to peak.
The VIX indicates extreme complacency now. A sharp computer sell-off could end the current rally any time now and trigger stop-losses with huge losses.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=2y&l=on&z=m&q=l&c=
Bulk shipments continue to fall. It is now lower than any time since Obama took office, even lower the Obama lows of 2008. It collapsed to the lowest world bulk trade level that existed since Obama started the Obama Great Depression in one of his 2007-2008 campaign speeches to defeat his opponent. It is now less than 5% of the international trade that existed just before Obama was elected. It has been a leading economic indicator for many years while it went up. In the past, a precipitous decline in this index, which measures the cost of shipping bulk freight like grains, coal, and metal around the world, would have set off alarms around the financial world because it implies supply exceeds demand and something has to give.
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stock markets were up slightly last night. China up 0.8%, Hong Kong up 0.1%, India up 1%, and Japan down -0.5%
European markets are up slightly today in a range 0.1% to +0.7% half way through their day. Italy is an outlier today, up 2.9% at the moment.
American market futures are flat about +0.2% in after hour trading at 8:00 AM EST.
We estimate the peak will be soon in a head-and-shoulders sell signal.
Planned Parenthood received pledges of $400,000 from 6,000 donors as of 2 p.m. yesterday. Three large donors also surfaced: The Amy and Lee Fikes’ Foundation, run by the head of closely-held Bonanza Oil Co. in Dallas, pledged $250,000; New York Mayor Michael Bloomberg said he’ll match the next $250,000 given and Credo, a mobile-phone company, promised $200,000.
The Obama administration plans to surrender five Afghan Taliban prisoners from U.S. military detention to curry Taliban support, the chairman of the House Intelligence Committee said.
World markets
Economists including Holger Schmieding of Berenberg Bank in London say that Greece will still be saddled with too much debt, too little growth and too large a budget hole to do without even more bailouts if they remain on the euro. Forcing Greek bondholders is telling bondholders to start dumping Portugal’s and Italy’s bonds before they get 70% hair cuts (70% defaults). Portugal’s bond-market rout suggests investors are concerned about a Greek-style reduction in debt repayments.
MALEV, the state-owned Hungarian airline founded in 1946, ceased flying after the government withdrew support.
Panasonic Corp. almost doubled its annual loss forecast to a record 780 billion yen ($10 billion).
Shilling said that China’s economy is headed for a ‘hard landing’ this year.
Sharp, Japan’s largest maker of LCD panels, forecast its worst annual loss since its founding a century ago, with its president saying exporting is “nearly impossible” with the current demand.
Germany’s largest bank, Deutsche Bank AG, said fourth-quarter profit fell 76 percent as Europe’s debt crisis cut trading and the company wrote down losses.
The USA and the Free-World stock markets posted their highest gains in over 15 years while the highest proportion of European companies on record are missing profit estimates. “I am not optimistic about Hong Kong’s export performance in the first half of this year,” John Tsang said today. “If exports of goods were to plunge in the first quarter, the overall economy might take a downturn in that quarter.” The euro weakened versus the yen and the dollar as Greece struggled to reach an agreement with bondholders on cutting the nation’s debt burden, stoking concern Europe’s crisis will deepen.
Singapore Airlines’ profit tumbled 53% on rising competition and costs.
The U.S. government considers a Japan plan to allow negative interest rates at government debt auctions.
French consumer spending fell 0.7 percent from November in December as surging joblessness and concern about looming tax increases prompted households to cut back spending. Before the 1970’s transaction costs helped prevent stock market flash crashes.
France is in favor of a financial transaction tax. We think it will happen.
The Juan was poised for its worst monthly loss in 18 years earlier before rallying after Greek Prime Minister Lucas Papademos said progress had been made in talks with creditors.
The World Bank cut its forecast for global growth including China, by the most in three years.
We expect the markets will all form head-and-shoulder sell signals after breaking their 200 DMA. World trade “Bulk Shipments” have collapsed to the lowest world bulk trade level that existed since Obama declared the USA was in a depression in one of his 2007-2008 campaign speeches. Asian markets (especially China) are failing to break out some on the second and third times at resistance levels. China’s stocks could fall 50% from here if Obama’s announced “Great Depression” spreads there too.
http://finance.yahoo.com/q/ta?s=000001.SS&t=2y&l=on&z=l&q=l&p=e200%2Ce100&a=&c=
Germany broke through the resistance levels: 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 broke through the resistance levels. Choose 2 or 5 years http://finance.yahoo.com/echarts?s=%5ESSMI+Interactive#chart1:symbol=^ssmi;range=2y;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
Emerging markets show strength. Brazil broke through
http://finance.yahoo.com/echarts?s=^BVSP+Interactive#chart1:symbol=^bvsp;range=2y;indicator=ema(100,200)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
American Economy
Federal Reserve chief Ben Bernanke said the central bank would do everything it can to prevent Europe's financial woes from damaging the U.S. economy.
Boston Scientific Corp. (BSX), the second-biggest cardiac-device maker, fell 4% after fourth-quarter earnings plummeted 55 percent.
Cigna Corp. (CI), the U.S. health insurer that acquired Medicare managed-care provider Healthspring Inc., reported fourth-quarter earnings below estimates and forecast growth below estimates.
AMR to cut 13000 jobs.
This week
Personal Income Dec 0.5% up from 0.1% A 6% per year increase (big bonuses?)
Personal Spending Dec 0.0% down from 0.1% No increase last Xmas NG
AM PCE Prices - Core Dec 0.2% up from 0.1% 2.4% core inflation rate OK
Employment Cost Index Q4 0.4% up from 0.3% Higher production costs NG
Case-Shiller 20-city Index Nov -3.7% dropping faster than October’s -3.4% NG
Chicago ProductionMI Jan 60.2 dropped from 62.5 production declined NG
Consumer Confidence Jan 61.1 a big drop from 64.5 not good
MBA Mortgage Index 01/28 -2.9% declines yet again -5.0% terrible
ADP Employment Change Jan 170K down from 325K Terrible
ISM Index Jan 54.1 up from 53.9 improved
Construction Spending Dec 1.5% up from 1.2% still depressed
Crude Inventories 01/28 4.175M up from 3.558M declining oil consumption
Yesterday
Challenger Job Cuts is a report, released monthly, that provides information on the number of announced corporate layoffs. Jan +38.9% up from+30.6% layoffs up is not good
Initial Claims 01/28 367K down from 377K good
Continuing Claims 01/21 3437K down 3554K good
Productivity-Prel Q4 0.7down from 2.3% Terrible
Unit Labor Costs Q4 1.2% increased -2.5% Bad
Today
Feb 3 8:30 AM Nonfarm Payrolls Jan
Feb 3 8:30 AM Nonfarm Private Payrolls Jan
Feb 3 8:30 AM Unemployment Rate Jan
Feb 3 8:30 AM Hourly Earnings Jan
Feb 3 8:30 AM Average Workweek Jan
Feb 3 10:00 AM Factory Orders Dec
Feb 3 10:00 AM ISM Services Jan
Market outlook February 3, 2012
Market looks ready to peak.
The VIX indicates extreme complacency now. A sharp computer sell-off could end the current rally any time now and trigger stop-losses with huge losses.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=2y&l=on&z=m&q=l&c=
Bulk shipments continue to fall. It is now lower than any time since Obama took office, even lower the Obama lows of 2008. It collapsed to the lowest world bulk trade level that existed since Obama started the Obama Great Depression in one of his 2007-2008 campaign speeches to defeat his opponent. It is now less than 5% of the international trade that existed just before Obama was elected. It has been a leading economic indicator for many years while it went up. In the past, a precipitous decline in this index, which measures the cost of shipping bulk freight like grains, coal, and metal around the world, would have set off alarms around the financial world because it implies supply exceeds demand and something has to give.
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stock markets were up slightly last night. China up 0.8%, Hong Kong up 0.1%, India up 1%, and Japan down -0.5%
European markets are up slightly today in a range 0.1% to +0.7% half way through their day. Italy is an outlier today, up 2.9% at the moment.
American market futures are flat about +0.2% in after hour trading at 8:00 AM EST.
We estimate the peak will be soon in a head-and-shoulders sell signal.
Thursday, February 2, 2012
Al Gore is the father of US Junk Science. He said “It isn't pollution that's harming the environment.
U.S. Supreme Court case to consider challenging racist preferences for blacks and Hispanics in college admissions. A top California high school class student whose family originally came from India is suing saying students of Obama’s and Hispanic race are getting preferential treatment at Harvard and Princeton. Farmers of Obama’s race got $billions based on Obama’s executive orders thus by-passed court scrutiny after Obama was elected. Obama is using executive orders to favor people of his race in housing, jobs, and education. Like Jews in the first half of the 20th century, who faced quotas at Harvard, Princeton, and other Ivy League schools, Asian-Americans and Caucasians, must meet a higher standard than other applicants based on measures such as test scores and high school grades, according to several academic studies.
Gingrich’s campaign is the best investment Obama supporters can make to destroy the Republicans. Gingrich’s message is one of sour greed and bitterness not hope and change, which America needs to get out of the Obama Declared Depression.
China National Offshore Oil Corp.’s battery unit invested $300 million to develop photovoltaic plants across Asia to produce the highly toxic batteries to supply the Spanish solar power company Isofoton.
European Union policies to promote the use of biofuels for transportation will cost consumers as much as 126 billion euros ($166 billion) between now and 2020, two environmental groups bragged as a global warming victory.
Sumco Corp., a Japanese silicon wafer maker, said it will cut about 1,300 jobs amounting to 15 percent of its workforce as it withdraws from supplying solar panel makers following a plunge in prices for the raw materials.
Al Gore is the father of US Junk Science. He said:
“It isn't pollution that's harming the environment. It's the impurities in our air and water that are doing it”
Our world faces a true planetary emergency. I know the phrase sounds shrill, and I know it's a challenge to the moral imagination.
Two thousand scientists, in a hundred countries, engaged in the most elaborate, well organized scientific collaboration in the history of humankind, have produced long-since a consensus that we will face a string of terrible catastrophes unless we act to prepare ourselves and deal with the underlying causes of global warming.
“I was recently on a tour of Latin America, and the only regret I have was that I didn't study Latin harder in school so I could converse with those people.”
“Global warming, along with the cutting and burning of forests and other critical habitats, is causing the loss of living species at a level comparable to the extinction event that wiped out the dinosaurs 65 million years ago. “
During my service in the United States Congress, I took the initiative in creating the Internet.
I think the cost of energy will come down when we make this transition to renewable energy.
The American democratic system was an early political version of Napster.
“We are ready for an unforeseen event that may or may not occur.”
Al Gore says 2000 junk scientists support his “man attributed” global warming invention that made Al Gore a multimillionaire. But more than 20000 real scientists and engineers signed a petition that global warming is a natural phenomena that has occurred nine times already between the Earth’s ten Ice Ages. The earth when it was formed was red hot and today Earth is a lot colder. The Earth is the only planet in the solar system that still is hot enough to have geological activity. But the Earth is cooling down not heating up.
http://www.petitionproject.org/seitz_letter.php
World markets
Shilling said that China’s economy is headed for a ‘hard landing’ this year.
Sharp, Japan’s largest maker of LCD panels, forecast its worst annual loss since its founding a century ago, with its president saying exporting is “nearly impossible” with the current demand.
Germany’s largest bank, Deutsche Bank AG, said fourth-quarter profit fell 76 percent as Europe’s debt crisis cut trading and the company wrote down losses.
The USA and the Free-World stock markets posted their highest gains in over 15 years while the highest proportion of European companies on record are missing profit estimates. “I am not optimistic about Hong Kong’s export performance in the first half of this year,” John Tsang said today. “If exports of goods were to plunge in the first quarter, the overall economy might take a downturn in that quarter.” The euro weakened versus the yen and the dollar as Greece struggled to reach an agreement with bondholders on cutting the nation’s debt burden, stoking concern Europe’s crisis will deepen.
Singapore Airlines’ profit tumbled 53% on rising competition and costs.
The U.S. government considers a Japan plan to allow negative interest rates at government debt auctions.
French consumer spending fell 0.7 percent from November in December as surging joblessness and concern about looming tax increases prompted households to cut back spending. Before the 1970’s transaction costs helped prevent stock market flash crashes.
France is in favor of a financial transaction tax. We think it will happen.
The Juan was poised for its worst monthly loss in 18 years earlier before rallying after Greek Prime Minister Lucas Papademos said progress had been made in talks with creditors.
The World Bank cut its forecast for global growth including China, by the most in three years.
Germany broke through the resistance levels: 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 broke through the resistance levels. Choose 2 or 5 years http://finance.yahoo.com/echarts?s=%5ESSMI+Interactive#chart1:symbol=^ssmi;range=2y;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
Emerging markets show strength. Brazil broke through
http://finance.yahoo.com/echarts?s=^BVSP+Interactive#chart1:symbol=^bvsp;range=2y;indicator=ema(100,200)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
American Economy
Cigna Corp. (CI), the U.S. health insurer that acquired Medicare managed-care provider Healthspring Inc., reported fourth-quarter earnings below estimates and forecast growth below estimates.
Komen foundation drooped funding of Planned Parenthood amid pressure from abortion groups to balance the killing of babies with the excisions of breast malignancies.
Mark Zuckerberg’s 56.9 percent of voting power control over Facebook Inc. puts too much power in the hands of one person and may deter potential investors, corporate-governance experts said.
AMR to cut 13000 jobs.
This week
Personal Income Dec 0.5% up from 0.1% A 6% per year increase (big bonuses?)
Personal Spending Dec 0.0% down from 0.1% No increase last Xmas NG
AM PCE Prices - Core Dec 0.2% up from 0.1% 2.4% core inflation rate OK
Employment Cost Index Q4 0.4% up from 0.3% Higher production costs NG
Case-Shiller 20-city Index Nov -3.7% dropping faster than October’s -3.4% NG
Chicago ProductionMI Jan 60.2 dropped from 62.5 production declined NG
Consumer Confidence Jan 61.1 a big drop from 64.5 not good
Yesterday
MBA Mortgage Index 01/28 -2.9% declines yet again -5.0% terrible
ADP Employment Change Jan 170K down from 325K Terrible
ISM Index Jan 54.1 up from 53.9 improved
Construction Spending Dec 1.5% up from 1.2% still depressed
Crude Inventories 01/28 4.175M up from 3.558M declining oil consumption
Today
Feb 2 7:30 AM Challenger Job Cuts Jan +38.6% up from +30.6 Good
Feb 2 8:30 AM Initial Claims 01/28
Feb 2 8:30 AM Continuing Claims 01/21
Feb 2 8:30 AM Productivity-Prel Q4
Feb 2 8:30 AM Unit Labor Costs Q4
This Week
Feb 3 8:30 AM Nonfarm Payrolls Jan
Feb 3 8:30 AM Nonfarm Private Payrolls Jan
Feb 3 8:30 AM Unemployment Rate Jan
Feb 3 8:30 AM Hourly Earnings Jan
Feb 3 8:30 AM Average Workweek Jan
Feb 3 10:00 AM Factory Orders Dec
Feb 3 10:00 AM ISM Services Jan
Market outlook February 2, 2012
Market looks ready to peak.
The VIX indicates extreme complacency now. A sharp computer sell-off could end the current rally any time now and trigger stop-losses with huge losses.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=2y&l=on&z=m&q=l&c=
Bulk shipments continue to fall and have already collapsed to the lowest world bulk trade level that existed since Obama declared the USA was in a depression in one of his 2007-2008 campaign speeches. It is now less than 7% of the international trade that existed just before Obama was elected. Seen as a leading economic indicator, yet no one seems to care. In the past, a precipitous decline in this index, which measures the cost of shipping bulk freight like grains, coal, and metal around the world, would have set off alarms around the financial world because it implies supply exceeds demand and something has to give.
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stock markets were up sharply last night. China up 2%, Hong Kong up 2%, India up 0.8%, and Japan up 0.4%
European markets are down today in a range +0.1% to –0.6% half way through their day. Italy is an outlier today, up 2.9% at the moment.
American market futures are flat about -0.1% in after hour trading at 8:30 AM EST.
We estimate the peak will be soon in a head-and-shoulders sell signal.
Gingrich’s campaign is the best investment Obama supporters can make to destroy the Republicans. Gingrich’s message is one of sour greed and bitterness not hope and change, which America needs to get out of the Obama Declared Depression.
China National Offshore Oil Corp.’s battery unit invested $300 million to develop photovoltaic plants across Asia to produce the highly toxic batteries to supply the Spanish solar power company Isofoton.
European Union policies to promote the use of biofuels for transportation will cost consumers as much as 126 billion euros ($166 billion) between now and 2020, two environmental groups bragged as a global warming victory.
Sumco Corp., a Japanese silicon wafer maker, said it will cut about 1,300 jobs amounting to 15 percent of its workforce as it withdraws from supplying solar panel makers following a plunge in prices for the raw materials.
Al Gore is the father of US Junk Science. He said:
“It isn't pollution that's harming the environment. It's the impurities in our air and water that are doing it”
Our world faces a true planetary emergency. I know the phrase sounds shrill, and I know it's a challenge to the moral imagination.
Two thousand scientists, in a hundred countries, engaged in the most elaborate, well organized scientific collaboration in the history of humankind, have produced long-since a consensus that we will face a string of terrible catastrophes unless we act to prepare ourselves and deal with the underlying causes of global warming.
“I was recently on a tour of Latin America, and the only regret I have was that I didn't study Latin harder in school so I could converse with those people.”
“Global warming, along with the cutting and burning of forests and other critical habitats, is causing the loss of living species at a level comparable to the extinction event that wiped out the dinosaurs 65 million years ago. “
During my service in the United States Congress, I took the initiative in creating the Internet.
I think the cost of energy will come down when we make this transition to renewable energy.
The American democratic system was an early political version of Napster.
“We are ready for an unforeseen event that may or may not occur.”
Al Gore says 2000 junk scientists support his “man attributed” global warming invention that made Al Gore a multimillionaire. But more than 20000 real scientists and engineers signed a petition that global warming is a natural phenomena that has occurred nine times already between the Earth’s ten Ice Ages. The earth when it was formed was red hot and today Earth is a lot colder. The Earth is the only planet in the solar system that still is hot enough to have geological activity. But the Earth is cooling down not heating up.
http://www.petitionproject.org/seitz_letter.php
World markets
Shilling said that China’s economy is headed for a ‘hard landing’ this year.
Sharp, Japan’s largest maker of LCD panels, forecast its worst annual loss since its founding a century ago, with its president saying exporting is “nearly impossible” with the current demand.
Germany’s largest bank, Deutsche Bank AG, said fourth-quarter profit fell 76 percent as Europe’s debt crisis cut trading and the company wrote down losses.
The USA and the Free-World stock markets posted their highest gains in over 15 years while the highest proportion of European companies on record are missing profit estimates. “I am not optimistic about Hong Kong’s export performance in the first half of this year,” John Tsang said today. “If exports of goods were to plunge in the first quarter, the overall economy might take a downturn in that quarter.” The euro weakened versus the yen and the dollar as Greece struggled to reach an agreement with bondholders on cutting the nation’s debt burden, stoking concern Europe’s crisis will deepen.
Singapore Airlines’ profit tumbled 53% on rising competition and costs.
The U.S. government considers a Japan plan to allow negative interest rates at government debt auctions.
French consumer spending fell 0.7 percent from November in December as surging joblessness and concern about looming tax increases prompted households to cut back spending. Before the 1970’s transaction costs helped prevent stock market flash crashes.
France is in favor of a financial transaction tax. We think it will happen.
The Juan was poised for its worst monthly loss in 18 years earlier before rallying after Greek Prime Minister Lucas Papademos said progress had been made in talks with creditors.
The World Bank cut its forecast for global growth including China, by the most in three years.
Germany broke through the resistance levels: 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 broke through the resistance levels. Choose 2 or 5 years http://finance.yahoo.com/echarts?s=%5ESSMI+Interactive#chart1:symbol=^ssmi;range=2y;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
Emerging markets show strength. Brazil broke through
http://finance.yahoo.com/echarts?s=^BVSP+Interactive#chart1:symbol=^bvsp;range=2y;indicator=ema(100,200)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
American Economy
Cigna Corp. (CI), the U.S. health insurer that acquired Medicare managed-care provider Healthspring Inc., reported fourth-quarter earnings below estimates and forecast growth below estimates.
Komen foundation drooped funding of Planned Parenthood amid pressure from abortion groups to balance the killing of babies with the excisions of breast malignancies.
Mark Zuckerberg’s 56.9 percent of voting power control over Facebook Inc. puts too much power in the hands of one person and may deter potential investors, corporate-governance experts said.
AMR to cut 13000 jobs.
This week
Personal Income Dec 0.5% up from 0.1% A 6% per year increase (big bonuses?)
Personal Spending Dec 0.0% down from 0.1% No increase last Xmas NG
AM PCE Prices - Core Dec 0.2% up from 0.1% 2.4% core inflation rate OK
Employment Cost Index Q4 0.4% up from 0.3% Higher production costs NG
Case-Shiller 20-city Index Nov -3.7% dropping faster than October’s -3.4% NG
Chicago ProductionMI Jan 60.2 dropped from 62.5 production declined NG
Consumer Confidence Jan 61.1 a big drop from 64.5 not good
Yesterday
MBA Mortgage Index 01/28 -2.9% declines yet again -5.0% terrible
ADP Employment Change Jan 170K down from 325K Terrible
ISM Index Jan 54.1 up from 53.9 improved
Construction Spending Dec 1.5% up from 1.2% still depressed
Crude Inventories 01/28 4.175M up from 3.558M declining oil consumption
Today
Feb 2 7:30 AM Challenger Job Cuts Jan +38.6% up from +30.6 Good
Feb 2 8:30 AM Initial Claims 01/28
Feb 2 8:30 AM Continuing Claims 01/21
Feb 2 8:30 AM Productivity-Prel Q4
Feb 2 8:30 AM Unit Labor Costs Q4
This Week
Feb 3 8:30 AM Nonfarm Payrolls Jan
Feb 3 8:30 AM Nonfarm Private Payrolls Jan
Feb 3 8:30 AM Unemployment Rate Jan
Feb 3 8:30 AM Hourly Earnings Jan
Feb 3 8:30 AM Average Workweek Jan
Feb 3 10:00 AM Factory Orders Dec
Feb 3 10:00 AM ISM Services Jan
Market outlook February 2, 2012
Market looks ready to peak.
The VIX indicates extreme complacency now. A sharp computer sell-off could end the current rally any time now and trigger stop-losses with huge losses.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=2y&l=on&z=m&q=l&c=
Bulk shipments continue to fall and have already collapsed to the lowest world bulk trade level that existed since Obama declared the USA was in a depression in one of his 2007-2008 campaign speeches. It is now less than 7% of the international trade that existed just before Obama was elected. Seen as a leading economic indicator, yet no one seems to care. In the past, a precipitous decline in this index, which measures the cost of shipping bulk freight like grains, coal, and metal around the world, would have set off alarms around the financial world because it implies supply exceeds demand and something has to give.
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stock markets were up sharply last night. China up 2%, Hong Kong up 2%, India up 0.8%, and Japan up 0.4%
European markets are down today in a range +0.1% to –0.6% half way through their day. Italy is an outlier today, up 2.9% at the moment.
American market futures are flat about -0.1% in after hour trading at 8:30 AM EST.
We estimate the peak will be soon in a head-and-shoulders sell signal.
Wednesday, February 1, 2012
Scientists claimed in the WSJ that Global Warming is the latest brand of Junk Science. Al Gore is the father of US Junk Science.
Scientists claimed in the WSJ that Global Warming is the latest brand of Junk Science. Al Gore is the was father of US Junk Science. Trofim Lysenko was father of USSR Junk Science. He claimed:
he could transform rye into wheat and wheat into barley
that song-birds gave birth to cuckoos,
that weeds are transmutations of food grains
Bacteria emerge from lifeless matter
New hybrid chickens emerged from one egg fertilized by several roosters
Cows can be provoked to produce fatter milk with a “chocolate diet” treatment
Through a series of intrigues and highly politicized public “discussions”, Trofim Lysenko managed to destroy practically all of the intelligent biologists in the USSR. More than 3000 biologists were fired, arrested, or executed. One, Nikolai Vavilov was disgracefully dismissed from the presidency of the Agriculture Academy in 1938 and died in prison in 1940. The genetic science in Russia was effectively destroyed until the death of Stalin in 1953 despite successive failures; Lysenko remained in the leadership of biology and briefly regained the position of the President of the Academy during Khrushchev.
Boone Pickens commented…We got some really stupid people in government. If we are going to be saps then we will lose the Canadian oil source that exceeds that of Saudi Arabia. Trucks are going to move to natural gas with or without Obama. Intelligent people do not try to avoid a Great Depression by first declaring one and then restricting energy supplies and trying to raise taxes. As Boon Pickens said today, We got some really stupid people in government.
World markets
The USA and the Free-World stock markets posted their best start to a year in over 15 years. But the highest proportion of European companies on record is missing profit estimates. “I am not optimistic about Hong Kong’s export performance in the first half of this year,” John Tsang said today. “If exports of goods were to plunge in the first quarter, the overall economy might take a downturn in that quarter.”
European Union regulators have blocked a merger between NYSE Euronext and Deutsche Boerse on the grounds the move would make it difficult for new players to compete.
French consumer spending fell 0.7 percent from November in December as surging joblessness and concern about looming tax increases prompted households to cut back spending. Before the 1970’s transaction costs helped prevent stock market flash crashes.
France is in favor of a financial transaction tax. We think it will happen.
The Juan was poised for its worst monthly loss in 18 years earlier before rallying after Greek Prime Minister Lucas Papademos said progress had been made in talks with creditors.
We expect the markets will all form head-and-shoulder sell signals after breaking their 200 DMA. World trade “Bulk Shipments” have collapsed to the lowest world bulk trade level that existed since Obama declared the USA was in a depression in one of his 2007-2008 campaign speeches. Asian markets (especially China) are failing to break out some on the second and third times at resistance levels. China’s stocks could fall 50% from here if Obama’s announced “Great Depression” spreads there too.
The World Bank cut its forecast for global growth including China, by the most in three years.
Germany broke through the resistance levels: 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 broke through the resistance levels. Choose 2 or 5 years http://finance.yahoo.com/echarts?s=%5ESSMI+Interactive#chart1:symbol=^ssmi;range=2y;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
Emerging markets show strength. Brazil broke through
http://finance.yahoo.com/echarts?s=^BVSP+Interactive#chart1:symbol=^bvsp;range=2y;indicator=ema(100,200)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
American Economy
This week
Personal Income Dec 0.5% up from 0.1% A 6% per year increase (big bonuses?)
Personal Spending Dec 0.0% down from 0.1% No increase last Xmas NG
AM PCE Prices - Core Dec 0.2% up from 0.1% 2.4% core inflation rate OK
Employment Cost Index Q4 0.4% up from 0.3% Higher production costs NG
Case-Shiller 20-city Index Nov -3.7% dropping faster than October’s -3.4% NG
Chicago ProductionMI Jan 60.2 dropped from 62.5 production declined NG
Consumer Confidence Jan 61.1 a big drop from 64.5 not good
Today
Feb 1 7:00 AM MBA Mortgage Index 01/28
Feb 1 8:15 AM ADP Employment Change Jan
Feb 1 10:00 AM ISM Index Jan
Feb 1 10:00 AM Construction Spending
Feb 1 10:30 AM Crude Inventories 01/28
Feb 1 2:00 PM Auto Sales Jan
Feb 1 2:00 PM Truck Sales Jan
This Week
Feb 2 7:30 AM Challenger Job Cuts Jan
Feb 2 8:30 AM Initial Claims 01/28
Feb 2 8:30 AM Continuing Claims 01/21
Feb 2 8:30 AM Productivity-Prel Q4
Feb 2 8:30 AM Unit Labor Costs Q4
Feb 3 8:30 AM Nonfarm Payrolls Jan
Feb 3 8:30 AM Nonfarm Private Payrolls Jan
Feb 3 8:30 AM Unemployment Rate Jan
Feb 3 8:30 AM Hourly Earnings Jan
Feb 3 8:30 AM Average Workweek Jan
Feb 3 10:00 AM Factory Orders Dec
Feb 3 10:00 AM ISM Services Jan
Market outlook February 1, 2012
Market looks thin and overbought. Extreme low volume means there is little “substance” or “commitment” behind the recent advance.
The VIX indicates extreme complacency now. A sharp computer sell-off could end the current rally any time now and trigger stop-losses with huge losses.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=2y&l=on&z=m&q=l&c=
Bulk shipments continue to fall and have already collapsed to the lowest world bulk trade level that existed since Obama declared the USA was in a depression in one of his 2007-2008 campaign speeches. It is now less than 7% of the international trade that existed just before Obama was elected.
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stock markets were down last night. China down –1.1%, Hong Kong down -0.3%, India up 0.6%, and Japan up 0.1%
European stocks rose again after plunging Monday. Monday, Italy’s market closed down over 3%.
European markets are up today in a range 0.9% to 2% half way through their day. Greece is an outlier today, up 4% at the moment.
American market futures are up about 0.6% in after hour trading at 7:30 AM EST.
We estimate the peak will be soon in a head-and-shoulders sell signal.
he could transform rye into wheat and wheat into barley
that song-birds gave birth to cuckoos,
that weeds are transmutations of food grains
Bacteria emerge from lifeless matter
New hybrid chickens emerged from one egg fertilized by several roosters
Cows can be provoked to produce fatter milk with a “chocolate diet” treatment
Through a series of intrigues and highly politicized public “discussions”, Trofim Lysenko managed to destroy practically all of the intelligent biologists in the USSR. More than 3000 biologists were fired, arrested, or executed. One, Nikolai Vavilov was disgracefully dismissed from the presidency of the Agriculture Academy in 1938 and died in prison in 1940. The genetic science in Russia was effectively destroyed until the death of Stalin in 1953 despite successive failures; Lysenko remained in the leadership of biology and briefly regained the position of the President of the Academy during Khrushchev.
Boone Pickens commented…We got some really stupid people in government. If we are going to be saps then we will lose the Canadian oil source that exceeds that of Saudi Arabia. Trucks are going to move to natural gas with or without Obama. Intelligent people do not try to avoid a Great Depression by first declaring one and then restricting energy supplies and trying to raise taxes. As Boon Pickens said today, We got some really stupid people in government.
World markets
The USA and the Free-World stock markets posted their best start to a year in over 15 years. But the highest proportion of European companies on record is missing profit estimates. “I am not optimistic about Hong Kong’s export performance in the first half of this year,” John Tsang said today. “If exports of goods were to plunge in the first quarter, the overall economy might take a downturn in that quarter.”
European Union regulators have blocked a merger between NYSE Euronext and Deutsche Boerse on the grounds the move would make it difficult for new players to compete.
French consumer spending fell 0.7 percent from November in December as surging joblessness and concern about looming tax increases prompted households to cut back spending. Before the 1970’s transaction costs helped prevent stock market flash crashes.
France is in favor of a financial transaction tax. We think it will happen.
The Juan was poised for its worst monthly loss in 18 years earlier before rallying after Greek Prime Minister Lucas Papademos said progress had been made in talks with creditors.
We expect the markets will all form head-and-shoulder sell signals after breaking their 200 DMA. World trade “Bulk Shipments” have collapsed to the lowest world bulk trade level that existed since Obama declared the USA was in a depression in one of his 2007-2008 campaign speeches. Asian markets (especially China) are failing to break out some on the second and third times at resistance levels. China’s stocks could fall 50% from here if Obama’s announced “Great Depression” spreads there too.
The World Bank cut its forecast for global growth including China, by the most in three years.
Germany broke through the resistance levels: 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 broke through the resistance levels. Choose 2 or 5 years http://finance.yahoo.com/echarts?s=%5ESSMI+Interactive#chart1:symbol=^ssmi;range=2y;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
Emerging markets show strength. Brazil broke through
http://finance.yahoo.com/echarts?s=^BVSP+Interactive#chart1:symbol=^bvsp;range=2y;indicator=ema(100,200)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
American Economy
This week
Personal Income Dec 0.5% up from 0.1% A 6% per year increase (big bonuses?)
Personal Spending Dec 0.0% down from 0.1% No increase last Xmas NG
AM PCE Prices - Core Dec 0.2% up from 0.1% 2.4% core inflation rate OK
Employment Cost Index Q4 0.4% up from 0.3% Higher production costs NG
Case-Shiller 20-city Index Nov -3.7% dropping faster than October’s -3.4% NG
Chicago ProductionMI Jan 60.2 dropped from 62.5 production declined NG
Consumer Confidence Jan 61.1 a big drop from 64.5 not good
Today
Feb 1 7:00 AM MBA Mortgage Index 01/28
Feb 1 8:15 AM ADP Employment Change Jan
Feb 1 10:00 AM ISM Index Jan
Feb 1 10:00 AM Construction Spending
Feb 1 10:30 AM Crude Inventories 01/28
Feb 1 2:00 PM Auto Sales Jan
Feb 1 2:00 PM Truck Sales Jan
This Week
Feb 2 7:30 AM Challenger Job Cuts Jan
Feb 2 8:30 AM Initial Claims 01/28
Feb 2 8:30 AM Continuing Claims 01/21
Feb 2 8:30 AM Productivity-Prel Q4
Feb 2 8:30 AM Unit Labor Costs Q4
Feb 3 8:30 AM Nonfarm Payrolls Jan
Feb 3 8:30 AM Nonfarm Private Payrolls Jan
Feb 3 8:30 AM Unemployment Rate Jan
Feb 3 8:30 AM Hourly Earnings Jan
Feb 3 8:30 AM Average Workweek Jan
Feb 3 10:00 AM Factory Orders Dec
Feb 3 10:00 AM ISM Services Jan
Market outlook February 1, 2012
Market looks thin and overbought. Extreme low volume means there is little “substance” or “commitment” behind the recent advance.
The VIX indicates extreme complacency now. A sharp computer sell-off could end the current rally any time now and trigger stop-losses with huge losses.
http://finance.yahoo.com/q/bc?s=%5EVIX&t=2y&l=on&z=m&q=l&c=
Bulk shipments continue to fall and have already collapsed to the lowest world bulk trade level that existed since Obama declared the USA was in a depression in one of his 2007-2008 campaign speeches. It is now less than 7% of the international trade that existed just before Obama was elected.
http://www.bloomberg.com/apps/quote?ticker=BDIY:IND
Stock market update:
Asian Stock markets were down last night. China down –1.1%, Hong Kong down -0.3%, India up 0.6%, and Japan up 0.1%
European stocks rose again after plunging Monday. Monday, Italy’s market closed down over 3%.
European markets are up today in a range 0.9% to 2% half way through their day. Greece is an outlier today, up 4% at the moment.
American market futures are up about 0.6% in after hour trading at 7:30 AM EST.
We estimate the peak will be soon in a head-and-shoulders sell signal.
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