Absolutely Massive/Bullish Fed Credit Continues, at $34.740 Billion Today/on 6-30

Absolutely Massive/Bullish Fed Credit Continues, at $34.740 Billion Today/on 6-30, and, at $37.139 Billion on 6-29/$31.520 Billion on 6-28/$31.472 Billion on 6-27/$25.404 Billion on 6-24/$29.791 Billion on 6-23/$34.590 Billion on 6-22/$28.882 Billion on 6-21/$28.519 Billion on 6-20/$27.847 Billion on 6-17/$21.847 Billion on 6-16/$26.988 Billion on 6-15.

Absolutely Massive/Bullish Fed Credit Continues, at $37.139 Billion Today 6-29

Absolutely Massive/Bullish Fed Credit Continues, at $37.139 Billion today/on 6-29/$31.520 Billion on 6-28/$31.472 Billion on 6-27/$25.404 Billion on 6-24/$29.791 Billion on 6-23/$34.590 Billion on 6-22/$28.882 Billion on 6-21/$28.519 Billion on 6-20/$27.847 Billion on 6-17/$21.847 Billion on 6-16/$26.988 Billion on 6-15.

I'm Pretty Sure That the SPX Bounce Since 6-16-11 is a Counter Trend Wave B/Wave 4 Upcycle

I'm Pretty Sure That the SPX Bounce Since 6-16-11 is a Counter Trend Wave B/Wave 4 Upcycle (likely scenario, can't be certain), of the Intermediate Term Downcycle that began on 5-2-11 at 1370.58 (SPX put in an Intermediate Term Cycle High on 4-26-10, something to keep in mind in April/May 2012), see http://stockcharts.com/freecharts/gallery.html?s=spx.

Absolutely Massive/Bullish Fed Credit Continues

Absolutely Massive/Bullish Fed Credit Continues, at $31.520 Billion today/on 6-28/$31.472 Billion on 6-27/$25.404 Billion on 6-24/$29.791 Billion on 6-23/$34.590 Billion on 6-22/$28.882 Billion on 6-21/$28.519 Billion on 6-20/$27.847 Billion on 6-17/$21.847 Billion on 6-16/$26.988 Billion on 6-15.

Obama is an enigma wrapped in a disaster, lol.

The Market will probably bounce early this week (early weakness on Monday probably), THEN probably comes a big Short Term Wave 5 Downcycle.

Under President Carter the USA wasn't respected, and, under President Obama the USA isn't really respected.

In the not too distant future driverless/computerized driving will be common place.

Are Democrats in a sense buying votes with all this massive Socialism & "don't touch my Medicare" (unsustainable in current form) nonsense?

Yeah Obama, let's raise taxes in a Depression. Good idea! lol

When Obama took office the Unemployment Rate was 7.7% I believe. Now, it would be 11.2% if not for dramatic workforce shrinkage (9.1% now).

SPX (S & P 500) is Probably Still in a Likely Counter Trend Short Term Wave 4 Upcycle

SPX (S & P 500) is Probably Still in a Likely Counter Trend Short Term Wave 4 Upcycle, since the 1258.07 cycle low on Thursday 6-16-11, see http://stockcharts.com/freecharts/gallery.html?s=spx.

Today 6-22-11's cycle high at 1298.61 is probably a Very Short Term Wave 3 Cycle High (up down up down pattern on the daily chart since 6-16-11, and, an up down up down pattern on the 5 day chart at http://t.co/gvft3SR), and, SPX probably closed the session in a Very Short Term Wave 4 Downcycle. Light SPX (S & P 500) volume the past two days also suggests that the Short Term Upcycle since 6-16-11 didn't peak yet.

Trading Roadmap: WATCH SPX's downside gap/magnet at 1278.36 from yesterday 6-21-11's open, see http://t.co/gvft3SR.

WSJ: Financial firms making aggressive push to ward off stricter capital requirements, international agreement could come later this month.

Florida will soon require drug testing for anyone receiving assistance. Amen

Any Sustained SPX (S & P 500) Bounce Now Could Be a Wave B Counter Trend Move

Any Sustained SPX (S & P 500) Bounce Now Could Be a Wave B Counter Trend Move, within a larger Elliott Wave ABC down up down (also, a less pronounced inverse 12345 down up down up down pattern), see http://stockcharts.com/freecharts/gallery.html?s=spx, with 1258.07 only being a Wave A of Wave C (also Wave 3 Down) cycle low, with the final Wave C of Wave C (and Wave 5) Down yet to come.

SPX HAS probably completed (or nearly so at least) both an Elliott Wave ABC down up down and a less pronounced inverse 12345 down up down up down pattern, but, there's a good chance that it's within longer ABC and inverse 12345 patterns. Elliott Wave patterns often/usually occur within Elliott Wave patterns. Candles and volume patterns (plus various indicators and data I use; Cycles are also huge, Major Upcycle since 3-6-09 might have peaked) are a huge aid in evaluating the likely Elliott Wave count.

I say this because SPX volume at/near 6-16's 1258.07 cycle low was unimpressive/bearish, and, the daily and weekly candles aren't really/clearly bullish, see http://stockcharts.com/freecharts/gallery.html?s=spx. Also, largest SPX component XOM has a bearish 88.23/88.13 double top, see http://stockcharts.com/freecharts/gallery.html?s=xom.

Yeah Obama, let's raise taxes in a Depression. Good idea! lol

Are Democrats in a sense buying votes with all this massive Socialism & "don't touch my Medicare" (unsustainable in current form) nonsense.

Reagan Lowered and Simplified the Tax Brackets - Reagan Lowered and Simplified the Tax Brackets. In the last... http://ping.fm/VuK2O

Demographics/aging population/low birth rates are a major negative economic factor for the USA, Europe, Japan, and China; India an exception

‘Armchair astronaut’ Mars video goes viral - Yahoo! News http://yhoo.it/lUj0on

The superior man is modest in his speech, but exceeds in his actions. Confucius

If one counts all unemployed, 24.266+ million, the actual Unemployment Rate is about 15.8%, & would be much higher if not for many retiring.

If the rate of labor force participation in June 2011 were same as in June 2009 (65.7%), unemployment rate would be 11.2% rather than 9.1%.

"May video game sales worst in five years" Could it be the Economy? lol

WSJ: Financial firms making aggressive push to ward off stricter capital requirements, international agreement could come later this month.

I saw a stat that the top 10% of earners account for about 50% of consumer spending. Tax the rich?

TABLE-N.Y. Fed manufacturing index -7.79 in June

TABLE-N.Y. Fed manufacturing index -7.79 in June at Reuters

Palin’s E-Mails Undercut Simplistic Views of Her, Both Positive and Negative - http://nyti.ms/j9EKvo

Happy Friday to all, :-)

Early 1920s/1980s/2000s a large tax cut occurred, every time an economic boom occurred. Large tax hikes did the opposite = FDR

Awe Inspiring!, See A crowd of thousands awaits unveiling of Obama's statue http://ping.fm/Qnbp0

Why do Democrats like @KathyHochul want to save Medicare for Millionaires and Billionaires. Why? Why? Why? http://ping.fm/wKzBc

I doubt that Sarah has the stomach for the Presidential race and especially the Presidency itself. She resigned as Governor = huge

Newt: Thomas Sowell reminds us of the tragic human toll from politicians buying votes using govt assistance programs http://bit.ly/jUXY7O

Reagan Lowered and Simplified the Tax Brackets - Reagan Lowered and Simplified the Tax Brackets. In the last... http://ping.fm/1m9mN

UFOs Are Orbiting The Sun! http://t.co/O9ieWZi And they can stand the heat

Here's Why QE2 Isn't Really Ending - Seeking Alpha http://bit.ly/jeydkj

Did an Amateur Astronomer Spot a Secret Mars Base? - Yahoo! News http://yhoo.it/jNi793

If the rate of labor force participation in June 2011 were same as in June 2009 (65.7%), unemployment rate would be 11.2% rather than 9.1%.

Who does Anthony Weiner think he is? Bill Clinton??? LOL!

Apparently, the actual Unemployment Rate, counting all of the unemployed, stands at 15.8% now.

The employment picture would be far worse, if it wasn't for a large number of people retiring and retiring early.

If Obama had done a massive 2 year tax cut, instead of $1 Trillion (counting interest) Stimulus Bill, we'd probably be in much better shape.

The total unemployed is 24,271,876, see http://ping.fm/83IK9

Casey Anthony apparently wasn’t/might not have been properly “Mirandaized”/given her Miranda rights, which... http://ping.fm/2rLvp

UFOs Are Orbiting The Sun! http://t.co/O9ieWZi And they can stand the heat

Reagan Lowered and Simplified the Tax Brackets - Reagan Lowered and Simplified the Tax Brackets. In the last... http://ping.fm/MCS6m

zerohedge: Canada says it will keep taxes low to create jobs. Odd how in America it is the other way around

Palin Undefeated? I wouldn’t exactly call resigning as Governor of Alaska a win, LMFAO http://ping.fm/UgQ3k

I heard that there are still 6.8 million fewer jobs now than when the Great Recession began in 2007. Work force shrinkage/many retiring help

QE 3 Has Already Started, see http://ping.fm/2SrQF

The SPX Super Bull Market since 1932 ended with a bearish double top in March 2000/October 2007, see http://bit.ly/FypjN.

Casey Anthony apparently wasn’t/might not have been properly “Mirandaized”/given her Miranda rights, which... http://ping.fm/Q88GG

SPX crash to 666.79 on 3-6-09 probably a Wave A Downcycle. Major Upcycle since is probably a counter trend Wave B, see http://bit.ly/FypjN;

Barack Obama has played (at least, maybe more by now) 1278 holes of Golf since taking Office (71 Rounds times 18 Holes/Round). WHA HO!!! LOL

National Socialism = Nazi

President Obama has apparently played 71 Rounds of Golf since taking office, which is a lot of Golf.

Palin Undefeated? I wouldn’t exactly call resigning as Governor of Alaska a win, LMFAO. Catch me on tumblr http://ping.fm/zfc0s

I heard that there are still 6.8 million fewer jobs now than when the Great Recession began in 2007. Work force shrinkage/many retiring help

Likely SPX scenario is to put in an important near term cycle low after filling downside gaps/magnets at 1286.12, 1276.34, and 1269.75.

Largest SPX component XOM bearish 88.23/88.13 double top, see http://ping.fm/KsOQ5

Reagan Lowered and Simplified the Tax Brackets - Reagan Lowered and Simplified the Tax Brackets. In the last... http://ping.fm/MCS6m

QE 3 Has Already Started, see http://ping.fm/2SrQF

zerohedge: Canada says it will keep taxes low to create jobs. Odd how in America it is the other way around

UFOs Are Orbiting The Sun! http://t.co/O9ieWZi And they can stand the heat

If Obama had done a massive 2 year tax cut, instead of $1 Trillion (counting interest) Stimulus Bill, we'd probably be in much better shape.

Demographics/aging population/low birth rates are a major negative economic factor for the USA, Europe, Japan, and China; India an exception

The employment picture would be far worse, if it wasn't for a large number of people retiring and retiring early.

Stand in awe, as a crowd of thousands awaits unveiling of Obama's statue, breathtaking, see http://ping.fm/Qnbp0

Apparently, the actual Unemployment Rate, counting all of the unemployed, stands at 15.8% now.

QE 3 Has Already Started, see http://ping.fm/2SrQF

35 Democrats voted against Obamacare originally and the repeal vote got more votes against it than the original vote had for it.

Four States (State workers I assume) have gotten a waiver from Obamacare. Hip hip hooray!

Awe Inspiring, see A crowd of thousands awaits unveiling of Obama's statue http://ping.fm/Qnbp0

Hey, we don't need a celebrity pompous "Progressive" (my behind, lol) President! Any questions? lol

Why do Democrats like @KathyHochul want to save Medicare for Millionaires and Billionaires. Why? Why? Why?

Can you say Dump Obama 2012? Yes you can! Yes you can! Yes you can! Yes you can! Yes you can! Yes you can! Yes you can! Yes you can!

Are Democrats in a sense buying votes with all this massive Socialism & "don't touch my Medicare" (unsustainable in current form) nonsense.

Because the economic growth assumptions are probably far too optimistic - Because the economic growth... http://ping.fm/wGMLb

47% of All Earners Paid ZERO Federal Income Taxes in 2009 - 47% of all earners paid ZERO Federal Income... http://tumblr.com/xyt2s3dgqb

Positive thinking will let you do everything better than negative thinking will. Zig Ziglar

Does Barack Obama, the Campaigner in Chief, give a crap about anything other than what will get him votes?... http://ping.fm/jVkZN

Guess who took $500+ Billion from Medicare via Obamacare? The Democrats. WHA HO, lol

Here are 'must see' photos of 3 Presidents at work http://ping.fm/waQNZ Put up the Drapes Obama, lol

Can you say Dump Obama 2012? Yes you can! Yes you can! Yes you can! Yes you can! Yes you can! Yes you can! Yes you can! Yes you can!

Newt: Thomas Sowell reminds us of the tragic human toll from politicians buying votes using govt assistance programs http://bit.ly/jUXY7O

Just say no to bogus bellowing Progressives!

Are Democrats in a sense buying votes with all this massive Socialism & "don't touch my Medicare" (unsustainable in current form) nonsense?

Fannie, Freddie, Dodd, Schumer, Frank, maybe even Obama (big Fannie Mae recipient a few years ago), oh my! Fannie, Freddie, Dodd, Schumer,

5.372 million manufacturing jobs disappeared from May 1999 to May 2009, with Unions obviously being a major factor. Thank you Democrats!

Broadcasting from Ping.fm simultaneously to Twitter, Google Buzz, Identi.ca, Plurk, and Blogger. Dump Obama 2012!

All that is gold does not glitter; not all those that wander are lost. -- J.R.R. Tolkien

Obama's the biggest Koolaid President we've ever had, by a LONG LONG margin.

Call it what you will, incentives are what get people to work harder. Nikita Khrushchev

Comrade Barack Insane Obama is doing a fabulous job, LMFAO

The spirit of resistance to government is so valuable on certain occasions, that I wish it always to be kept alive. -- Thomas Jefferson

Can you say Dump Obama 2012? Yes you can! Yes you can! Yes you can! Yes you can! Yes you can! Yes you can! Yes you can! Yes you can!!!

Reuters - Stocks extended losses on Wednesday after a survey showed a sharp slowdown in U.S. manufacturing activity in May.

I'm not trying to knock Lebron James, but, better than he are MJ, Kobe, Magic, Bird, Kareem, Russell, Wilt, McHale, Dr J

Largest SPX (S & P 500) Component XOM is Doing an Anemic Wave B http://goo.gl/fb/DwTq1

Assassination Squad Obama is against the Death Penalty, lol

In two of the past four years Texas has apparently (I heard) created more jobs than the rest of the USA COMBINED. A huh, a huh.

The Democraps (lol) have a commercial showing Paul Ryan pushing an old lady in a wheel chair off a cliff. How ironic is THAT? LOL

Chucky Schumer likes to use the E word (extreme), because, that's what they TOLD him to say! LMFAO! You DOPE.

Can you say Dump Obama 2012? Yes you can! Yes you can! Yes you can! Yes you can! Yes you can! Yes you can! Yes you can! Yes you can!

Welcome to the stealth Depression boys and girls. Food Stamps instead of soup kitchens.

Apparently, President Obama played golf on Memorial Day. The man is definitely consistent, lol

Look at Obamacare, the Stimulus Bill, the BP Oil Spill, Libya, etc, and, what major thing that Obama has... http://ping.fm/fKcuF

Paul, Cain, Pawlenty, Santorum, Bachmann, Gingrich, Romney would all be far better than the utter nonsense we have now.

The interest on the debt alone is > $200 Billion/year, see http://ping.fm/J1Frh It’s become a major... http://ping.fm/tLrME

Why do Democrats like @KathyHochul want to save Medicare for Millionaires and Billionaires. Why? Why? Why?

Did you notice that the Blue States tend to be in much worse shape economically than the Red States?

Barone: "Union members are only 12 percent of all employees but have gotten 50.3 percent of Obamacare waivers." http://bit.ly/lyL5Vh

Add up all the taxes/fees we pay at all levels and the level of taxation is too high. Everyone knows that there's far too much waste, fraud.

Are Democrats in a sense buying votes with all this massive Socialism & "don't touch my Medicare" (unsustainable in current form) nonsense.

Fannie, Freddie, Dodd, Schumer, Frank, maybe even Obama (big Fannie Mae recipient a few years ago), oh my! Fannie, Freddie, Dodd, Schumer,

5.372 million manufacturing jobs disappeared from May 1999 to May 2009, with Unions obviously being a major factor. Thank you Democrats!

Broadcasting from Ping.fm simultaneously to Twitter, Google Buzz, Identi.ca, Plurk, and Blogger. Dump Obama 2012! (Bush 2.0)