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May 15, 2014 - Market Breaks Down Further

Well, what can we say? It was another crappy day on the market, as we expected. Markets across the board were down roughly one percent in a brutal, coordinated decline. Gold fell, and there was a pig pile into Treasuries, driving down yields. There is a developing head and shoulders on the Nasdaq, which everyone and his brother should be able to see. Remember that the market's job is to confound. Pay attention! This could be the start of the Second Great Depression.

Dow Jones Industrial Average - Second Great Depression Warning

Nasdaq - Second Great Depression Warning

SPX - Second Great Depression Warning/>

Thursday, May 15 - Second Great Depression News

May 14, 2014 - Second Great Depression News

Tuesday, May 13 - Second Great Depression News

Dow & SPX Hit New Highs; Nasdaq Lags - May 13, 2014

NEW YORK (MarketWatch) — The U.S. stock market ended Monday with best gains in nearly a month that sent both the S&P 500 and the Dow Jones Industrial Average to record levels.

The Nasdaq also jumped, but remains about 5% from its previous high, set in March:

The Nasdaq is the one to watch. If it continues onto new highs, the Second Great Depression will be forestalled, yet again.

The Dowager Dow Jones - 5/8/2014

The Dow has been doing a little dance - a bump and grind up against 16,500. How long can that keep happening before The Princess, Ms. Dow Jones Industrial Average, to has to make up her mind? Are we going up through it?

Or does the whole thing break down right now - the entire global financial system? Because we all know it has to break down sometime, and it is a matter of when, not if, that the piper must be paid.

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