November 2012 is my best guess.
Jan 21, 2013 (if we make it that far)
I’ll have some of what you’re having. ;-)
The next, and shorter, dead cat bounce will begin the instant QE3 is a certainty.
Do you think the interest rate on the T-bills will be up significantly?
The 12th of Never.
short-term cycles ssuggest a high in treasurie between the 3rd/5th [may have seen the high today in treasuries]. They should selloff into the August 8th/12th time frame followed by a big rally over the next 4 weeks. Treasuries are going much higher and stocks will take out the 2008 lows between now and Q4-2012. They will not recover the highs until 2018. This one is a generational thing. There is a New Normal. We all need to learn how to do more with less.
Dec 21st 2012
The only way out of this mess is to remove not only every elected democrat and rino, but whe have to remove every unelected socialist and democrat bureacrat from any government job AND eliminate all public unions.
(Give or take)
Why is silver and gold tanking?
When Soros has decided he’s made enough money on his short positions . . .
ping for later
What you’re seeing is a replay of the events that led up to the autumn of 2008, specifically European bank instability. The word is now out in the open: the EU cannot prop up Italy and Spain. They just can’t. The bond markets are telling these two deadbeats that they want confiscatory yields to buy their crap paper.
Italy has a huge debt book to roll over in the next three years. Hundreds of billions of Euros. The German treasury and banks don’t have enough money to backstop Greece, much less Italy and then Spain.
As of today, the FSA in the UK has asked Brit banks for a disclosure of their positions to Belgium, because it looks like Belgium is next on the block.
As bad as the stock market gets, as bad as the commodities markets get... pay attention to the bond markets. The bond markets are where you see the real action, the deep currents in the financial markets are there.