We have posted a new file for members on the web site under the research area and EWS.  We have been mildly bearish for over a month but the last two weeks we became more bearish.  We have posted in the member’s area the two things to look at.  The debt “crisis” in Europe may mean some countries will default.  Think of southern Europe as children with credit cards that are maxed out. Their parents, Germany, told them they could only spend so much.  Now mom and dad do not want to pay the bill.  The U.S., Japan and others are not in any better shape. 

The U.S. government policy was to tell banks to lend to anyone for a mortgage or else.  Now they attack the banks while giving them bailout money.  Uncle Sam keeps spending like there is no tomorrow. 

There could be a market bounce in the near future but we doubt it will be a big one. The economy is still in bad shape.  The news media has been touting a fictional recovery, but the spin can only last so long.  The emperor has no clothes. 

We will be launching some new things in the coming 30 to 45 days including a new software program plus The Gold System. 

The bears will probably run now – so stay out of their way.