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I titled last nights update, a shot across the bow.
One day very soon, we are going to get a shot straight into the hull which is going to take this stinking ship down into a watery grave!
Going by this chart from Chris Kimble that day has come.
The 2yr / 10yr spread is on the rise again, which is a harbinger for the stock market.
Watch the level of risk on display right now from john Hussman.
the backdrop is set for a massive decline in the market and the economy at large.
My best guess for the next significant low in the stock market is at the previous fourth wave on the DOW.
That level lies at 670 in the S&P, and 6400 on the DOW.
It is time to conserve and protect your wealth is now, do not to expand and take on risk at the high.
Down to business.
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Thats it for the week.
God's speed to one and all.
I wish you an enjoyable and safe weekend.
See you Monday.
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