Now the End is Near and so I Face the Final Curtain

Wonderful Wednesday.

We expected this rally (as per our March 10th post) and now all US markets are well on their way to breach the all time highs with the small caps leading the way. If you want to buy now, its too late, as i warned previously. You had your chance at the 2040s level, we're so far away from an appropriate risk reward scenario its best to stay on the sidelines and play the short side when we get it. The target for this move is in the 2130s… then what? Then comes the 10% correct with the brunt happening in the first week of May… Until then expect that tax season ira money to chase this rally.

What's alarming is that NO ONE is talking about where the Greek 3yr bond is trading at. Right around 20%. Greece can't pay and the market knows it. They can't even come up with the cash to pay roughly 1.6B in retirement benefits owed to its citizens. This is the 3rd time Greece needed a bailout. These banksters  didn't outline a way for Greek citizens to work their way out of a recession, instead these GERMAN banksters are destroying the peripheral European economies for the sake of creating a Union which only Germany benefits from (forex competitive advantage). ENOUGH IS ENOUGH!

Greece’s economy has shrunk by a quarter under the conditions laid down by Germany and other euro-area nations in bailout terms. The jobless rate increased in the fourth quarter as the economy began shrinking again and a political standoff rekindled concern the country could leave the euro area. The percentage of adults living in households where no one works rose to 19.6 percent in 2013 to 1.1 million, from 7.5 percent in 2008.

Lets not be out of touch with what's happening. Ask yourself would it be okay if New Yorkers would be charged 20% on their debt, while Florida actually got paid to borrow? And this in the same Union which we are suppose to be living "together". No freaking way! 

Yes. The Euro will eventually look different in 5 yrs. 

Beside the Euro news are debt limit shenanigans will come front and center again. Expect the selloff. 

Also, lets look at the health of the underlying securities of the Dow Jones for instance. 30% are near 52 week lows. Not Healthy at all.  The laggards include the commodity-related names Exxon Mobil (XOM), Caterpillar (CAT) and Chevron (CVX), as well as broader market stocks such as American Express (AXP), IBM ( IBM), General Electric (GE), McDonald's (MCD), Verizon(VZ) and AT&T (NYSE: T).