AT THE TOP......LOOKING DOWN

Maybe people only believe when hindsight is added, and that would be a shame, but there is enough data and info out there to come to a logical conclusion as to what may lie ahead.

The engine for this economic "rebound" has near exhausted itself. When you start reading articles about how higher property taxes (this AM CNN) are hurting home owners, especially strapped first time buyers in the areas most effected you gotta wonder how much further it can run.

Price appreciation has not only stalled but median home values have been declining. Cashouts have come and gone and are spent.

30% or more of homes sold have been for speculation I have read.....housing has replaced the stock market....it's just another bear trap.....as just like soaring NASDAQ shares did not elicit a murmur of concern, nor do the present day housing bubble....as AGAIN it is staring them in the kisser.
ODD FACTOID (from July EWFF) OTC Bulletin Board "shares" traded has almost tripled from its 2000 highs!!!!! THIS DURING the 5 year period of and after the initial phase of WICKED BEAR MKT!!

BUT.......$$$$ DOLLAR value of those shares was only 25% of previous top! BAMMM! double BAMM!WHY THE PLAY of UNLISTED shares? indeed.

140 continuous weeks of Investor Intelligence polls of more bulls than bears! WHERE was the capitulation during the bear market? there was none.

VIX/SPX ratio also hit new highs 20% above previous bubble highs....3 X since 2004.

The 13 weeks avg of bulls is 69% !!!! WHAT A TOP is forming, IMHO a MAJOR TOP not to be seen again for perhaps a decade or more!

Last BEAR bottom saw 40 plus weeks of BEARS PLURALITY!! in all of last 5 years I think it was total of 9.

Silver has broken down, I think gold will follow...holders of gold have not made a dime in over 20 years and have not earned a thin dime of interest....I think gold shares will be cast off with the rest in the coming bear decline. (potentially offering a HUGE buying opp) gold hasn;t even bettered its last top, and the chart of bellweather NEM looks awful, IMHO

IMHO gold (if they own any) among other things will have to be sold off to raise $$$$'s to pay debts (at historical highs)....why 100.00 EWT target for the US $$ is possible among other things. How does this make venerable GURU Warren Buffet look?

Threat of protectionism against Chinese.

With SO many extreme readings, like credit expansion debt housing etc.....THIS is NOT a platform to VAULT or start next level of a bull market......no what we see LOW VIX etc is what the bear can feast on for months on end.

Duratek