I have this custom loop, which, if It doesnt get any result should display some text, like 'There are no news regarding this item". But I´m not sure how to.

Code:

	<?php
	// Loop in the ten latest news with the same taxonomy term as the current post
	$backup = $post;  // backup the current object
	$found_none = '';
	$taxonomy = 'fastighetslista';//  e.g. post_tag, category, custom taxonomy
	$param_type = 'fastighetslista'; //e.g. tag__in, category__in, but genre__in will NOT work
	$post_types = get_post_types( array('public' => true), 'names' );
	$tax_args=array('orderby' => 'none');
	$tags = wp_get_post_terms( $post->ID , $taxonomy, $tax_args);
	if ($tags) {
		foreach ($tags as $tag) {
			$args=array(
				"$param_type" => $tag->slug,
				'post__not_in' => array($post->ID),
				'post_type' => $post_types,
				'showposts'=> 10,
				'caller_get_posts'=>1
	);
	$my_query = null;
	$my_query = new WP_Query($args); ?>
	<?php
	if( $my_query->have_posts() ) {
	while ($my_query->have_posts()) : $my_query->the_post(); ?>
		<div class="press-entry-small">
			<div class="press-entry-date-small">
				<p class="press-day-small"><?php the_time('d'); ?></p>
				<p class="press-month-small"><?php the_time('M'); ?></p>
			</div>
		
			<li class="news-link">
				<a href="<?php the_permalink(); ?>"><?php the_title(); ?></a>
			</li>

		</div>
			
		<div class="clear"></div>
			
		<?php $found_none = '';
	endwhile;
	}
	}
	}
	if ($found_none) {
		echo $found_none;
	}
	$post = $backup;  // copy it back
	wp_reset_query(); // to use the original query again
	?>	


Where can I put my 'else' statement?

Thanks