We have posted new updates for the open-end or regular mutual funds on the web site for members under special reports.  We posted the exchange traded funds or ETFs on Friday.  We readjust every two months but the Early Warning System or EWS has been analyzing the market and the picture is not pretty.  The system does a various forms of analysis and detects patterns.  We said January 24, 2010 that the market is looking a lot like June-July 2008.   the charts look a bit like January 2008.  We suggest all members take a look at the chart of the S&P 500 or SPY, which is the SPDR’s ETF for the S&P 500. The chart looks like late July 2008 and our EWS data is also looking like that.

We have been in contact with The Professor and another gentleman working in the markets.  They both have an average of 37 years in the markets and they are bearish. One of them is incredibly bearish.  We are seeing the same data in our EWS system that we saw in the summer of 2008.   Washington’s solution to the economic problems is to go deeper in debt.  This is like a homeowner taking on more and more debt to live high on the hog.  Eventually the piper has to be paid.  

This madness has caused businesses to be come more concerned or the better word is frightened or terrified with what is going on.  This is not an environment where business hire people.  Members can view the new update in the member’s area.  If you are not a member, you can sign up on the Order section in the right hand corner.