I am put on Apocalypse Watch this week. Red Sun rising. Waiting for falling stars and Earthquake.
http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/5286832/China-fears-bond-crisis-as-it-slams-quantitative-easing.html
Currency crisis ?
Some ranting on the market makers:
http://fofoa.blogspot.com/2009/05/why-all-paper-will-burn-in-plain.html
Euro in cup and handle formation. if 1.3700 is broken convincingly, look for 1.5000.
Stock has run up so far up, not likely to follow Euro as much. We may have a sceanrio of Rising Euro, Rising Gold, Falling Equities, Rising Crude. The story would be "Rising Inflation scares off Equities Investors".
We may see an exodus of monies from US markets, seeking better yields elsewhere, with greater risk taking.
1 comment:
Yes, if this move is not a fakeout. USD is done. Bços despite ECB moving to a QE stance, market still places faith in Euro, the better managed currency.
Of course it is never a straight line up to 1.700-1.800.
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