Some prominent "gurus" have gone bearish - as mentioned earlier, Gartman (I agree, good contrary indicator) but also Richard Russell and Michael Pento, to varying degrees. But our real problem is Angela Merkel, who is determined to take down all of Europe (and therefore much of the US markets) as quickly as possible. Maybe she wants to rewrite the history books as to who eventually won the last World War.

Merkel is the enemy. She is hell-bent on global capital destruction.

Strike