Detailed market commentary at The Market Ticker
(The Year 2012 In Review)
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|User Info||European Dislocation On Deck; entered at 2012-05-06 19:55:00|
Those who believed that "they" would hold everything together through the election while willfully ignoring 2008, when the precise same projections were made and turned out to be crap, might want to re-think their expectations just a wee bit.
I stated before and I'll state again that I expected there will be a series of "shocks" (call them "scares"), 3-4 of them, that will rattle the foundation of the ponzi schemes (note I have plural). This is certainly a major one and though there may be a major dip this isn't the trigger.
Like the Titanic, this massive Ponzi market will do some major shakes, rattles and rolls with some desperate Fed and other US Government actions before the lit overheated boilers go under and the death rattle starts and all will then see the cliff coming. I suspect that Bendover Ben and Obama have 1-2 tricks up their sleeves we can't even fathom yet that they'll roll out on the next crisis or about the time Hollande gets into power.
Volatility here we come! This will make the volatility of the Fukushima radiation sensor readings look pale in comparison.....the banksters know that Bendover Ben is coming by to ask for a return of the favor he gave them in the name of Obama.....
Market goes down strong, traditional "sticksaves" come out, then if that doesn't work in bringing the market back up a little then QE3 and if that doesn't fix it, then we see in a few weeks the first of the tricks.....mid-November is still my target for the big disappointment.....just the humble opinion of a dumb engineer, not a brilliant expert like they abound here.
Last modified: 2012-05-06 19:57:07 by nuke_engineer