Tuesday, May 4, 2010

If It Smells Like A Funding Crisis And It Looks Like A Funding Crisis... | zero hedge

If It Smells Like A Funding Crisis And It Looks Like A Funding Crisis... | zero hedge

I give it 50-50 we are about the have a large stock market correction
The Dollar rally’s which is the only thing going up are very bad. The last two where 1997- Asia crash and 2000 when the Dot Com bubble started to crack.
I also suspect that we are in a first stage sovereign bank run against the Euro. IE everyone not in the EU is selling hard. If the Euro crack 1.28 it is going to be ugly.

Just my two cents

No comments: