Black Swan Capital: is it Wiley Coyote time?

Is recession dead ahead? If so, it is Wiley Coyote time!

I think we are nearing a major Wiley Coyote moment for Mr. Market. Despite recent joy over some of the economic numbers, recession in the US is still very much in play; if so,S&P 500 Index and Crude Oil, seemingly joined at the "risk on" hip joint, seem extended, to say the least. Currency Currents 19 January 2012