Is a Crash Possible? Did the FED Raise the DEFCON Level on Stocks?

Is a Crash Possible?  Did the FED Raise the DEFCON Level on Stocks? A defense readiness condition (DEFCON) is an alert state used by the Armed Forces.  There are five levels of readiness – DEFCON 5 being the least severe to DEFCON 1 being the most severe.  So where would the current level of the various markets be?   Consider that the treasury markets have been declining (yields rising) after finishing a 33-year period of consistently falling rates.  Gold and silver look to have completed corrective phases that come in at just under 2 years and are now heading higher.  Many of commodities are gearing up to rally again as the seasonal news worsens, which could put a dent in the CPI and PPI.       The U.S. equity markets need to be measured on several levels.  First the various near/short, mid, and long-term pictures.  Short-term stocks have been on a tear off of either May 2012 lows or the October 2012 lows. Mid-term stocks have been on a consistent upward trend since ear

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