| [img]http://www.joe-duarte.com/images/line_main_top_01.gif[/img] | June 13, 2011, 08:00 EST | [img]http://www.joe-duarte.com/images/line_main_top_05.gif[/img] | [img]http://www.joe-duarte.com/images/000.gif[/img] [img]http://www.joe-duarte.com/images/pic_03.gif[/img] |
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U.S. stocks are very close to making a major break tothe down side. Surprises found in Michigan bus company's cargobays. According to the New York Daily News: "A Michigan tourbus company was ordered to cease operations after six people were foundtraveling in one bus' luggage compartment. Along with the uncomfortabletravelers, authorities also found mattresses, pillows and luggage whenthe bus was pulled over in Ohio on May 27th." The bus driver toldinvestigators that he had "run out of room" in the passengercompartment. Carcinogens in everyday life. According toThe New York Times: "Government scientists listed formaldehyde as acarcinogen, and said it is found in worrisome quantities in plywood,particle board, mortuaries and hair salons. They also said thatstyrene, which is used in boats, bathtubs and in disposable foamplastic cups and plates, may cause cancer but is generally found insuch low levels in consumer products that risks are low." The biggerworries are for those in manufacturing facilities with high andfrequent exposures to the chemicals, the report added. |
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| There are many who still believe thatthis won't be a significant correction. Yet, the technical aspects ofthis market suggest that there is a significant amount of selling goingon. Chart Courtesy of And despite the S & P's weakness, the broad market looks worse. TheNasdaq Advance-Decline line (NAAD) made a new low at the end of lastweek. That means that the average, rank and file stock is weaker than the S& P 500 at the moment. And that means that those portfolio managersthat got caught off guard by the last six weeks of selling may now haveto re-evaluate their positions. Chart Courtesy of Even safe havens such as the drug stocks (DRG) are starting to take abeating making this an increasingly dangerous market. Conclusion The market is clearly in correction mode. Whether this is a run of themill 10-15% decline from the recent top or something worse, of course,remains to be seen. The key may well be whether the S & P 500 can hold above the200-day line and whether the rest of the market can recover. Still, itcould well be one to three weeks or longer before any kind of sustainedup trend can take place, barring an all out V type reversal. Important NoticeTo Subscribers The Nasdaq's watchdog was recently found guilty of insider trading.That's just another example of the state of our society as the pillarscontinue to break down. Moral weakness and the lack of integrity arethe norm in many arenas, not the exception. That's because we are living through a period of seismic change.Indeed, we are in the midst of something big, as a major macro trendchange is gathering steam. We are experiencing the end of one era andthe start of another. These are momentous times. Corruption is being exposed at all levels on a regular basis. Fraud iseverywhere. Nothing is what it seems to be. And those in charge,politicians, CEOs, and regulators are all part of the problem. The world is entering a critical period similar to other importanttransitions in history, such as The French Revolution, the fall of theBerlin Wall, and the periods that preceded the World Wars. Prepareyourself for what lies ahead. To read more about the evolution of theSocial Cycle, the central force of today's world, and to get a grip onreal CHANGE that lies ahead, read "The New Golden Age". |
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