An intensifying financial crisis in Spain or elsewhere in Europe has the potential to drive American stocks into a bear market, Goldman Sachs Group Inc. (GS)’s chief U.S. equity strategist said.

Kostin said investors face three upcoming macro events that may add uncertainty: the second round of Greek elections on June 17, the Federal Open Market Committee’s June meeting and the U.S. Supreme Court’s ruling on health-care reform.

….read more HERE

Bob Hoye in this Money Talks article, was again very clear that we are now at another critical point in the markets and that its now time to either save your capital and get out of the way, or make some money (by shorting -ED)