Currencies in Devaluation Race

http://www.minyanville.com/articles/gold-fnm-BOE-CDS-EU-RE/index/a/21180

So here we are once again. Weakend by months of band aids the FED, treasury and the White house are holding empty guns. This time the Market may lose another 40% in a very short time. This time they must watch the drama unfold. Where we go after that will be telling. Either we hunker down and weather to storm or fight it some more and see if we get blown overboard with everyone else. I am afraid the time is short.
Buying the SP500 options I talked about last week. Along with massive short on the remaining banks. In short it does not look like much will be safe.

http://www.minyanville.com/articles/index/a/21182