an interesting observation was made this morning on one of the threads here that pointed out a death cross was nearing on the spx 20-year monthly chart, so i had to take a look for myself to see if it was correct... for those that are relatively new and do not know what the meaning of "death cross" is, it's basically when the 50 day crosses below the 200 day moving average. this is an extremely bearish formation. to see this on the big 20yr monthly chart is pretty dang amazing and can be very impressive. i can't go much farther out than 20 years on tos, but apparently this hasn't happend since the 70's. pretty interesting stuff if you ask me. you folks know how i have been harping on the possibility of a meltdown here pretty soon (as soon as this year in fact), so this is just another thing that bodes in my favor. is 2012 the year this nonsense fluff finally all falls apart? stay tuned to find out.