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Bearish in theory, though I would discount it if price moved above the high of the 8th.

• The Financial Elites/Oligarchy raked in billions in private profit from the orgy of leverage, credit expansion, fraud, embezzlement and misrepresentation of risk that resulted in the Housing Bubble.
• The losses were transferred to the public (Federal government, i.e. The Central State) or its proxy, the Federal Reserve (i.e. the central bank), via bailouts, backstops,     http://www.financialsense.com/contributors/charles-hugh-smith/setting-up-for-the-con-of-the-decade

Reuters  FLASH:

surprised anyone ? 

• China may have some temporary pressure in Q2
• Hope to meet full-year target of 4%

Joe Battipaglia, a respected market strategist at Stifel Nicolaus, has passed away at age 55.

http://www.marketwatch.com/story/remembering-joe-battipaglia-rip-1955-2011-2011-04-15?siteid=bnbh