There were several warning shots across the bow recently. Let me give you a few;
Bernanke & Congress want to stop hedge funds and private equity firms;
Bloomberg: Bernanke, Trichet Turn to BIS as Markets Ignore Risk
Bloomberg: Fund Managers' Taxes May Rise as Senate Targets Fees Stratagem
Most arm chair economists know that consumption accounts for about 70% of GDP growth. If so, the news today from Best Buy (BBY) should give you a heads up;
Bloomberg: Best Buy Profit Falls; Company Lowers Annual Forecast
Schaeffers Research: April Same-Store Sales Rundown
While the market will probably hit a few new highs before the selling starts, you might want to look at these market inverse funds;
DXD- Ultrashort Dow 30
SDS- Ultrashort S&P 500
More contrarian thoughts;
Ticker Sense: June 18th Blogger Sentiment Poll
