Some Items Of Note....

1) Investor sentiment is getting a little on the "too bullish side". Note that the Investors Sentiment Survey jumped up to 1.27 to 1.0 bull-to-bear ratio last week (for the survey done Friday, April 10th and given out on Wednesday, April 15th). The new survey done this PAST Friday (two days ago) won't be out till this coming Wednesday......and I suspect that the ratio will jump slightly again and is likely up around 1.5 to 1.0. We may have put in a short term top. I will "blaken" the current 1.27 reading, but I expect the reading coming out in two days to be higher than that.....perhaps as high as 1.5ish and that will be the top. Remember, the reading coming out Wednesday will be from this past Fridays survey.

2) China: Shanghai Index has a short OR intermediate term BEARISH WEDGE that it has formed. It may have put in a short OR intermediate term top. Also, negative divergence has crept into the daily charts as well.

3) US Dollar: Still within its intermediate term bearish wedge. If the US government continues to "print" more money over the short/intermediate term, the dollar will break DOWN from its bearish wedge. Watch silver. Silver may.......and I repeat MAY, be forming a BULLISH wedge. You need to be careful on this one in the short term. The IMF has said that it is selling some of its gold reserve, which.......if it continues in the short/intermediate term......would likely promote more short term weakness in the precious metals INCLUDING silver. But watch the dollar AND silver/gold over the coming few weeks for a possible reversal.

4) Finally, anyone who was wondering WHY Dylan Ratigan left CNBC, need only to listen to the audio clip that is enclosed within THIS article. The audio clip is an interview of Dylan in February of this year, only a few weeks BEFORE he left CNBC. In the clip, Ratigan lays out the deceit of many of Wall Streets investment bankers in no uncertain terms, a story that Ratigan wanted to emphasize MORE than his producer at CNBC on Fast Money. Ratigan will land SOMEWHERE and tell the story that CNBC didn't WANT to tell.....and still doesn't want to tell.

Just don't forget that CNBC is owned by GE, and GE is certainly NOT immune from the shenanigans of Wall Street. For instance, they overstated earnings during the tech bubble and when they sold their insurance business they had to take a huge "non-recuring" loss because they had under-reserved their loss allowances. They also "spun off" Genworth Financial back in late 2003 at $20 a share........and it is now $2 a share. Cheerleading pays off.

It's crystal clear to anyone with eyes, that CNBC was WAY......WAY.....behind the ball during the financial crisis and was.......as they were during the tech bubble......cheerleading all the way (with notable exceptions being David Faber and Rick Santelli). They are apparently trying to "recreate history". I've seen a couple of clips on other sites where Cramer is STILL bitching about "being made to look like a fool by Jon Stewart". I only have to say this: Cramer....if you looked like a fool on the Daily show.....it's because of the all the clips of you making YOURSELF look like a fool.

Between Cramer, Kudlow, and Neil..........they likely have three of the worst financial "journalists" in the business (and I use the word journalists very loosely). I honestly don't know which one of them is worse.