I know, I'm supposed to keep an air of drama so you are enticed to read but the top of this article goes out as an early alert to our Members via the PSW Report and I think our subscribers would appreciate knowing as soon as possible that Europe is down over 1% and the US Futures are only down about 0.4% and very likely to fall hard and fast once trading opens.
We are already short, of course but we picked up more short plays in the Futures this morning and are catching a nice ride down already. The Dollar is, of course, being manipulated lower – down to 82.65, to mask the market weakness and this is pretty typical behavior in the manipulated market tops I've been warning about for most of the past month.
As we expected, Japan is down again as Australia's GDP disappoints and Abe is not able to print enough FREE MONEY to satisfy the ravenous bulls – who aren't satisfied with 50% gains in 6 months. "Please Sir, I want some more" sounds cute when you are a skinny little orphan boy but, when you are a fat Japanese Bankster, bloated off $75Bn a month in stimulus – it's just greedy.
As you can see from Dave Fry's chart, IYR has been in melt-down for a month and these number simply confirm the trend. As in Japan, if our Fed's $85,000,000,000 per month stimulus is failing to boost the critical housing sector – there's some very serious problems that smart investors can tell still need to be addressed and, as noted in the "Smart Money" chart we discussed yesterday, we (as our Members are certainly the smart money crowd) are pulling our…
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