More Important Facts

-) IBM received 5,896 patents in 2010....more than any company in the world. "Research gives us the headlights to get ahead of the obvious."

-) The Japanese disaster has dropped their stock market value by some $400 billion..it will cost over $300 billion to rebuild. We are not investors in Japan. The worst demographics in the world.....Japan accounts for around 1.5% of the total S&P 500 revenues.

-) The charted P/E ratio for the S&P 500 is making a long rounding base (bottoming) pattern. Earnings continue to surprise to the upside...so p/e's should continue to trend higher.....with support...the lowest valuations in the world like China, Brazil and Russia are now starting to out-perform the USA....confirming these trends.

-) National debt is growing at least 1% A MONTH now....unless congress acts in this session we are quickly reaching the point of no ability to address the compounding of these liabilities. Hyper inflation will follow shortly.

-) Detroit's population plunged 25% in the past decade to 713,777, the lowest count since 1920. Michigan is the only state to experience a net population loss since 2000.

-) Wholesale food prices jumped 3.9% last month, the biggest increase in more than 36 years...global food prices also hit a record last month.

-) The worlds largest oil company just ordered 118 new rigs to be delivered in the next six months....we have never seen that happen before. One person said, "it (the problem) starts to look structural."

-) Outlays from the Argentina government rose 39% in January stoking their inflation (reported) to 25%....of course it is much higher than that...locals are quoted, "they defend themselves against inflation by investing."

The bears are growling..the wall of worry continues.. The emerging (creditor) economies are on fire and their stock markets have now again, begun to (after three years of rest) out perform. Resistance levels are being challenged (less stock supply) those "waiting to just get back their money" after years of losses do not have much more stock to sell...this is one reason why volume has been down, the other of course is many entities are no longer in the stock market. When they are done selling...this market looks to gap higher....

Money will/ is leaving bonds for stocks. Money is leaving cash for stocks.

Housing when priced in gold.... is back to levels last seen in the early 1980's. This has the majority of Americans blinded right now. The dollar will continue lower..much lower....most do not understand what that means...or it's ramifications.

Very unfortunately, headline news will now turn to who will run for the presidency two years from now.....when the incredible urgency of the moment will be lost

Barkly seen here enjoying the ride.