With both the fundamentals and the technicals saying the stock market is a risky place to be, we await its crash back to reality. Here's why.

Copper has just met the lower resistance line of its descending triangle pattern and should it break through that resistance the price for copper could fall like a stone. That, in turn, would have a MAJOR "watch out below" impact on the future level of the S&P 500. Let me explain.

We fail to pay attention to the warnings signs as long as we see no immediate danger and keep our foot pressed to the accelerator believing that since it hasn’t happened yet, it won’t. This time is only “different” from the perspective of the “why” and “when” the next major event occurs. Below are analyses and exhibits to support that contention.

For the first time in U.S. history, the national debt has risen past $17 trillion. That number is a bit hard to comprehend and means little to Americans when not applied to their everyday lives. So just how does the national debt affect consumers, and why should the average American care about how much this country owes? Here's why and how.

Stock market volatility, directed mostly to the downside this year, has caught the attention of anyone with funds at risk. The obvious question on most people’s minds is whether to get out or to put more money in. Advice going both ways is readily available. Here are some such articles. Take them into account and make your own decision regarding whether this correction is an opportunity to buy or a signal to sell.

The plunge in emerging markets that started this year has given us the Fragile Five (Indonesia, South Africa, Brazil, Turkey and India), courtesy of Morgan Stanley, because their big current-account deficits mean they are acutely vulnerable to a sudden exit of foreign capital. The trouble is, it isn't true. The next crisis will start, as did the last one, in one of the developed economies [and this time round] it is likely to come from one of these 5 countries:...

Warren Buffett's favorite indicator - the ratio of the value of U.S. stocks to GDP - is seen by him as a reliable gauge of where the market stands and these days it suggests that all the main indexes are pointing to an imminent 50% crash.

Now marketing himself as a “rogue economist,” Harry Dent is forecasting “gold down to $750 an ounce, housing down 35%, oil down to $10 a barrel, the Dow down to 6,000, [and] a war between inflation and deflation” this year. His swami-like predictions in the past have been truly dreadful but, unlike most of his ilk, Dent has perhaps offered something actionable, if not in the way he intended. Let me explain.

It’s a boom time for doomsayers according to the cover of Barron's and such paranoia-inducing prognostications are only going to get bolder, and more frequent, thanks to the fact that billionaire George Soros' hedge fund firm has increased its bearish bet on stocks – a put position on the S&P 500 Index – by a staggering 154% in the most recent quarter...accounting for 11.13% of his holdings...implying that the stock market is headed for a nasty fall. The efforts of the doom-and-gloom crowd to try and scare you stockless aren't going to succeed this time, though, and here's why.

Over the next couple of months everything should generally rise together but once the dollar puts in an intermediate bottom sometime in March or April, commodities and gold will move down into an intermediate correction as the stock market completes its final blow off top. After the stock market parabola collapses later this summer it will be time to put the pedal to the metal in the commodity markets, and especially the precious metal markets as the Great Inflation begins in earnest.