jouslemm1, you make some valid points which is good to read. I...

jouslemm1, you make some valid points which is good to read. I also am concerned that when everyone calls a crash that the market will likely flush the majority out and rally. However....

bleak signs are almost too hard to ignore.

* bets on greece defaulting near 95%. Euro crashes below support.
* most technical traders looking to falls in US market. Other world indicies already breaking supports. Volume on down days larger than UP days. Bullish percentages are low. Bear flag or Pennant formed on DOW/SPX. Technically we are in a bear market.
* Central banks heavily manipulating gold prices and currency , drastic measures as they have run out of normal "tools" to stimulate/ protect their economies...
* US debt ceiling about to be breached again with budget deficit estimated to blow out by another 132billion next week and if you believe some the real debt is more like 221trillion.
* employment rates in some of the better economies Canada, Australia are falling.
* US treasuries at record prices.
* now we have a french banks likely getting Moodies downgrade and some saying it's Lehman Brothers in Europe x 20.
* growth forecasts cut around the world. China's stock market not performing. Emerging markets not performing. Investors putting money into negative equity as in 08.

I could go on, but it's hard to be optimistic.

If you really want some gloom, listen to some of the links on this web site.

http://sgtreport.com/