There's an elephant in the room...........or more specifically, a bear, that no one is talking about. Are you guys the least bit worried about a market crash this week? In the short term, even though the market is somewhat oversold, the entire technical pattern is set up for a crash. I wouldn't be as concerned if it wasn't for Facebook's potential to break the tipping point. Those guys couldn't have picked a better moment to shove that sucker down the toilet.

I've charted out just about every tradeable security possible and the precipice is here.

I've charted out just about every tradeable security possible and the precipice is here.

How this debt bubble plays out is going to be a fascinating, yet painful experience I'm afraid. I think, depending on where we are on Friday evening next week, that it has finally popped and the natural course will work itself out. Always has, always will.

Don't fall for any messiah's in the coming years folks.

I agree. Most people don't realize though that gov. spending yoy is down.

From the Daily Treasury Statement. Total Withdrawals (this includes everything: SS, Medicare, Medicaid, Defense, Interest on the debt..now down $433 bln versus the same time last year. That's about 3-percent of GDP.

So how does XXXXX measure up?

--A 9.7 percent increase in 2009, much of which is attributable to XXXXX.

--A 7.8 percent increase in 2010, followed by slower spending growth over 2011-13. Much of the slower growth reflects the influence of XXXXXXXcans retaking control of the House and their budget and debt deal last summer with XXXXX. All told, government spending now appears to be growing at an annual rate of roughly 3 percent over the 2010-2013 period, rather than the 0.4 percent claimed by XXXXX and the MarketWatch analysis.