Anne Patterson

Anne Paterson – State Dep’t Whistleblower

Corporate Profits Highest Ever in USA

The Recession and unemployment is for working class Americans. Wealth is raining down like never before on American Companies. Corporate profits are the higher than ever before even after taxes. What do most major corporations do? Watch the media – They cry, they whines, they finance political campaigns  of those that will even further increase their wealth and limit any benefits for America’s working classes.

The recession is for chumps, Corporate America is doing  just fine. American companies in nominal terms are making the highest profits ever.

Globalized companies send their skilled jobs like software engineers to China where it costs 1/5 the money it does to do the same task as in the USA. (LINK - You have to play with this link and convert currencies) From Apple to Wal-Mart jobs growth is flourishing overseas and even though American’s think, by far, jobs and the economy is the most important problem we have.

Our corporate controlled media, and politicians focus is on fear mongering and distracting American’s from their top priority which is jobs growth and the economy.

WikiLeaks

THE major headline throughout the world has been another WikiLeaks information drop of American military/state department data showing media fabrication vs reality. –  In the following Patterson illuminates that the Bush/Obama foreign war policy (example Pakistan) is like the Titanic heading toward an iceberg.

She –  pleads that Washington’s whole policy is counterproductive: it “risks destabilising the Pakistani state, alienating both the civilian government and the military leadership, and provoking a broader governance crisis without finally achieving the goal”

The WikiLeaks data dumps will probably prove more damaging than the Abu Ghraib photos did in exposing the reality  on the ground.

Will WikiLeaks last? – Its one thing to go after the puppet American government, but when you go a some of those who pull the strings – Shadow Banks. then you can get in real trouble – The next data dump is on a major US Bank.

KISS & Stocks (Keep It Simple Stupid)

If you don’t understand a term look in up at Investopedia.com dictionary

AS ALWAYS, DO YOUR OWN RESEARCH BEFORE INVESTING!

DOUBLE CHECK ALL DATA, I MAKE MORE THAN GRAMMAR MISTAKES

Index Percentage Volume
Dow -0.36% up
NASDQ -0.37% up
S&P -0.14% up
Russell 2000 -0.11% -

Technicals, Fundamentals & Analysis

Investors411 record – 5 years of beating benchmark S&P 500

World Markets -

The Bulls

  • American corporate profits are the highest ever (see above)
  • The Fed has announced $600 billion will be dumped into US economy.
  • The  POMO Fed program dumped $9 billion yesterday afternoon and stocks rallied.
  • India GDP a robust surprise at +8.3%

The Bears

  • The Korea Situation could explode
  • Smaller European countries are getting roasted in the crisis that began with the 2008 meltdown.
  • Now a major country Spain is now seen as the #1 problem.
  • Bad news in housing keeps growing

Significant Shorter Term Forecasting Indexes

  • The Dollar (USD) [Anything daily price move over +/- 0.50 is significant. Dollar usually moves inversely to stocks] The dollar rose +0.57% yesterday The dollar has risen 5 out of last 6 days. The weakness in Europe is the major factor behind the dollar rally.  Surprisingly the  rally is not negatively impacting stocks in a big way. But still = Bearish
  • The Baltic Dry Index (BDI) [measures cost of world trade. Also proxy for China, emerging markets,&  exporting countries]Fell -1.15% yesterday. We say a one day really evaporate  and the slide continues.= Neutral/Bearish
  • McClellan Index – (MO) [The rough guideline is over +60 = overbought market = sell positions or short stocks, & -60 = oversold market = buy stocks.] fell to -35.19 Obviously closer to Over sold than Over bought but sill = Neutral

Reading The Tea Leaves -

Technically we challenged support levels again yesterday (1173 on benchmark S&P 500 – closed at 1188) That’s the line in the sand. 1173 is a strong support level and we are approaching it again with the Bears being weak (MO at -35)

The dollar is soaring which should drive stocks lower. Its NOT happening???? WHY – Fundamentally the only plausible answer is the Fed’s printing and dumping of money will go faster the more bad news there is.

Right now holding 1173 is @ 50/50. But even if the 1173 falls. The emerging market side of the globalization mega trend (see India above) is still carrying the world economically.

Three stocks/ETF to watch to help forecast market direction.

  • BAC – Bounced off its low yesterday. If this shadow bank breaks low watch out.
  • AAPL – #1 Globalization play. Hot technology that makes a huge chunk of its product in China. Rallied recently
  • EWY – South Korea


Positions

The  Positions Section link to latest & former buys and sells  - These are positions I actually own

(I do manage 6 accounts that have other positions).

Current ETF Positions.

  • EEM – (Emerging Markets ETF) -
  • UWM – (2x small cap stocks ETF)

Look for Paul R’s always enlightening remarks on stocks and sectors in the comments section of the blog. See POSITION section of blog for lists of potential stocks & ETF’s including “YOUR Stock List.” -

Longer Term Outlook - CAUTIOUSLY BULLISH

AS ALWAYS, DO YOUR OWN RESEARCH BEFORE INVESTING!

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