Ready for another "swan dive?"...............from Rico

I wonder how many people are 'ready' for another market 'swan dive?'

- Maybe a 'cannonball' into the economic pool?

The old traders adage "sell in May and go away" may be more apt than usual this year.

- How about 'escalator up, elevator down' in reference to the markets?

The last two times margin debt reversed and fell after a spike, all Hell broke loose in the markets (think 2000, 2007) and they crashed. Hard.

- B-b-b-b-b-but it's different THIS time say the magical thinkers of FTV and Keynesian Krugmanville! (Austrian economists will see that disclaimer as the punchline to a very bad joke, however).

Marc Faber may have 'nailed' it when he just called a second-half US market crash in 2014.

- Look at the margin debt chart for 2000-2007-2014.

The current regime's smoke-and-mirrors recovery hype is pure baloney and merely fantasy (just like the US 'official' unemployment number of 6.3% vs. ShadowStats pre-Clintonian calculation method which says REAL uneplyment is 23.2%). The good news? Maybe the US will achieve the Communist dream of 0% unemployment before Barry What's-his-name turns over the reins to Madame Comrade Hillary?

- US GDP is tanking while 'entitlement sending' is ramping up (aka 'spreading the wealth around), as the economy and the markets are kept on life-support by the Fed which is busily creating debt-forever-dollars to extend the game of let's pretend everything is swell.