This is all the evidence I need

Why are insiders at Intel selling off massive amounts of shares at the lows?
Based on this, why would you own Intel?

The FED blew it again. They went too far for too long and have not only caused a
slowdown but a good possibility of a recession…and I am not kidding. You
already know from our many reports that all the movements in the differing
sectors had indicated an economic slowdown. Defensive issues leading while
growth and consumer issues were blasted. I am now seeing some things that should
give everyone pause.

I am hearing too many state that the market has to go up when the Fed pauses. I
have news for them. In my studies of the past, when the Fed pauses, the market
does poorly until the Fed starts to aggressively lower rates. This FED is not
even close. I continue to believe Fed funds rate should be 4.25%…not 5.25%.

The bear market continues. I know you want to hear differently but all evidence
up to now indicates nothing but. We have seen the past 3 out of 4 days reverse
negatively on volume as the major indices fall off their latest wedges up.

BNI and UNP continue their bear market. The RAILS are losing tracks.

CFC, COF, CIT and ACF all crashing. These are lenders.

I am now starting to believe that the BIG FINANCIALS have topped. This is a
negative as over 20% of the S&P is interest-rate sensitive.

I am now in the camp that EUROPEAN markets are about to roll over. This is a
negative as they have led our markets for quite a while.

I am not even going to get into the major indices charts… that are simply
gross. Pay attention to the support levels I gave out yesterday.

A break…and selling will pick up. Dow 11,080…S&P 1262 and NASDAQ 2052.

Longer term, we alert you to these vital levels…that if taken out, you may
stick the fork in the market as another leg down…and possibly a nasty
leg…will ensue. Start with the Dow at approximately 10,680…a place that has
held for quite a while…S&P 1219…NASDAQ 2012…and add in the Russell 2000 at
670.