It's the top

Here, in a short space, is a wealth of anecdotal and statistical evidence that the current bull market in stocks is near the top rather than the bottom.  But the real revelation is something I missed elsewhere: a forecast from one of the country's biggest home lenders that 1 out 25 mortgaged homeowners might lose their homes to foreclosure in the coming months.  For more about that forecast, there's this article, where we also see a tragicomic quote from the CEO of Fannie Mae:  "Getting more people into homes is a good thing, but it's not entirely clear that everyone knew what they were getting into."

The Daily Reckoning