The market is in trouble. First off, the Euro is in a free fall, and transferring money from the left to right pocket isn't going to fix anything. Think of the current debt problem as the soap scum on the shower door -- accumulated over several years, and will take more than a few scrubs to clear the glass.
The downtrend in the S&P 500 is confirmed, and it's now time to be bearish.
Friday, May 14, 2010
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