Sunday, May 16, 2010

May 4th

I invite you to look at my May 4th post again. Once again we are in a crash but it is being masked by modern trading vehicles. If you think anyone with any long term goals is in the market you be crazy and if they are they are not buying. I would imaging we are somewhere several points thousands points lower if not for the HFT programs keeping us up. I would be very careful as I now give it a 75% chance of a major plunge.
With it looking likely we see more issues around PIIGS and the likely double dip in the USA and Illinois looking like it might Bankrupt it major supplies. Not also counting the Oil Spill in the Gulf may be the worse natural disaster of all times.

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