NEW BULL MARKET OR BEAR MARKET RALLY?

"Housing led the U.S. out of seven of the last eight recessions. This time, it may kill the recovery.

Home sales collapsed after a federal tax credit for buyers expired in April. Since then, the manufacturing-led expansion, which began in the second half of 2009, has been waning, with jobless claims rising and factory orders falling."

The purple line shows Consumer's "PRESENT SITUATION", do YOU see a flippin rally there? Each prior RISE you see led to BULL MKT TOPS....but rise it did aggresively...Consumers felt good...they spent.

BULLS ALMOST DOUBLE BEARS IN AAII POLL.

Consumer Metrics Institute Index does not line up with thebullish stock market sentiment

You've got to see this ADJ Monetary Base RAMP JOB!

BY definition

"The new adjusted monetary base, adjusted total reserves and adjusted nonborrowed reserves time series are chain indexes created in segments. Major changes in the structure of reserve requirements demarcate the beginning and end of segments, and are the reason why these are calculated as chain indexes. The reserve adjustment magnitude, or RAM, "adjusts" the monetary base for changes in the demand for base money due to changes in statutory reserve requirement ratios within a given structure of reserve requirements (where the structure defines the types of deposits that are reservable, perhaps by class or type of depository institution), conditional on an assumed model of depository institutions' demand for base money; see Burger and Rasche (1977) and Anderson and Rasche (1996a). When there is a major change in the structure of reserve requirements - such as the extension of reserve requirements to nonmember banks and thrifts under the Monetary Control Act - carrying the same RAM across the break is inappropriate. Rather, the old RAM should end and a new RAM start. During periods both before and after the break, for example, the AMB equals the sum of the monetary source base and a RAM - but not the same RAM before and after the break.

Adjusted Monetary Base

The adjusted monetary base equals the sum of the monetary source base and an appropriate RAM adjustment."

I DO NOT KNOW HOW LONG THEY CAN KEEP THEM MIRAGE AND LIE OF RECOVERY FROM THE AMERICAN PEOPLE, BUT IMHO I AM ISSUING A VERY CRITICAL AND STERN WARNING THAT WHEN THIS DOES END, A SECULAR BEAR WILL RETURN WITH DEVESTATING RESULTS IF ONE IS NOT PREPARED.

D