Either Way the Market Crashes

There is a debt default, the market crashes. No debt default, the market crashes. What you have seen in the stock market is not a breakout. It’s running the shorts out of the market preparing for a key reversal. Overhead resistance is holding and sell in May and go away is the order of the day.

Breaking Bad

The banks are starting to report and it’s ugly. We’ll be very lucky if it’s only as bad as the 2008 wipeout. I think it will be much worse. It’s appalling what we’re not being told. Banks have the ability to make or break an economy. In this case, break it.