MORE OF THE SAME, OR BREAK FROM TRADING RANGE?

My business is doing rather well (office furn) so I have not seen a smidge of trouble at this level. I didn't see it in 2000 top either until a large quote got canceled by e-commerce company.

http://www.prudentbear.com/archive_comm_article.asp?category=Credit+Bubble+Bulletin&content_idx=51451

Broad money supply (M3) dipped $1.8 billion (slowing?) above Credit Bubble Report

We have inversion of yields (most predictable of REcessions)

We have negative savings rate (last seen in Depression)

SLowing consumer credit, topped housing prices, declining cash outs.

1.1 GDP (lowest since last Recession.

We have atypical earnings season with lots of warnings and the LEADERS are dropping like flies GOOG INTC etc.

SPX profits now led by Energy firms, if OIL drops on slowing consumption (why would that be?)

41 month old cyclical bull (stretching it time wise)

Bullish plurality still record unbroken weekly. LOW VIX. LOW cash in mutual funds. 8,000 hedge funds searching for a trade or one to unwind, watch for pick up in volatility.

Leadership in market? which group? some money flowing into Dow 30 big caps.

Yields on 10 yr treasuries at high end of trading range near 4.6%.

Bush LYING about cutting deficits in HALF by 2009 ??? LOL how so? Approaching debt limits allowed.

Investors are not ready for nor do they anticipate any kind of equity accident in 2006, let us hope the overwhelming majority are right.......from a contrarian stand point this is an accident waiting to happen.

D