Dear Reader,

Ever have one of “those” weeks where you spend every waking hour hard at work, but when Friday rolls around, your to-do list has somehow doubled in length since Monday morning?

That sums up my week just ended, so I'll be stepping aside momentarily to allow my co-contributors to do the heavy lifting in this edition of The Room.

But first, I want to share an email with you from Casey Research's resident technical analyst, Dominick Graziano:

Subject: Stealth Correction

Date: Thu, May 8, 2014 at 7:56 AM

Since the beginning of the year, the average stock in the S&P 500 is down 9.3%, while the S&P 500 index is about 1% from its all-time high. Apparently, mega-cap stocks like Apple, Johnson & Johnson, and Berkshire Hathaway, among a handful of others, are holding up the index.

Typically, Domnick contributes such stock market intel to The Casey Report. But this particular tidbit came to light too late for the newest edition, which just rolled off the presses yesterday.

What does it mean? US equity markets are enjoying their 31st straight month without enduring so much as a 10% correction—a modern record by a wide margin. On average, such corrections occur every 18 months. In other words, we're in uncharted territory.

And the 'stealth correction' already underway—wherein the decent performance of a couple of gigantic companies masks underlying weakness in the stock market—is the latest of a series of mounting signs that the market may finally be entering a long overdue swoon, or worse.

As a shameless plug, we cover this very topic in the May edition of The Casey Report, including a specific trade that will make money if the stock market does crash. And that's only a small piece of the issue: the rest is dedicated to exploring what we think are two excellent investment opportunities outside of the US. Best of all, US investors can easily access both of them with a standard US brokerage account.

You can take The Casey Report for a 90 day risk-free spin by clicking here. Read the current and two more issues, explore the archives, and see all of our portfolio recommendations. You have 90 days to decide if The Casey Report is for you; if not, no hard feelings. Just cancel within that time for a full and prompt refund.

With that, let's get to the meat of the issue. First up is Doug French with analysis on how the Fed's magic elixir of interest rate suppression is failing to juice the real estate market. Then we'll hear from Jeff Tucker, CEO of newly launched Liberty.me.

Last, you'll find a lighthearted poem submitted to the Casey Research Storytelling contest by subscriber Philippe Blumenthal in our Friday Funnies.