1990 the Nikkei 225 hit its all-time-high at 38k and “change” …
the Dow Jones was trading at around 3k only …
Today, the Nikkei fell BELOW the DOW … trading only a bit above 8k …
So … another example, that EVERYTHING is possible.

Dow Jones …
9 days from 11k to 10k
2 days from 10k to 9k
So tomorrow 8k and Monday open 7k???
This is not a prediction … just to show you … accelerating fall = CRASH
Where it will stop? I don’t care … I will see it … guessing could cost more than waiting patiently ever could […]

Difficult day tomorrow … a “half day” in America with Friday being a national holiday …
And the markets are at the cliff’s edge … still balancing … but without any firm grip …
What will we see???
- the third bounce from this level … which would be very rare?
- a short lived bounce which will be […]

Interesting sentiment picture today …
First …
Barclays issued a “financial storm” warning …
saying:
- that the US Federal Reserve has allowed the inflation genie out of the bottle and let its credibility fall “below zero”.
- There is an inflation shock underway. This is going to be very negative for financial assets. We are going into tortoise […]

- A very weak economy … not only in the U.S. …
- 2 more downgraded bond insurers, pressuring the financials …
- An rocketing Oil price as Israel sees a strike against Iran and Libya sees a June price spike …
- An hawkish ECB, which makes sure interest rates will rise globally …
- A weak US […]

Soros states in a in testimony prepared for a Senate panel on energy manipulation:
- that commodities mirror equity moves in 1987.
- institutional investments are one sided and big enough to crash the market.
Soros advised lawmakers to use caution when considering regulations designed to reduce speculation.
Such rules could push investors further into unregulated markets, he said. […]

Looking at Axel Weber’s comments, telling the world, that there is NO possibility of an ECB rate cut in current inflationary surroundings,
yes, he is reliable, but who does remind him, that 1987 the German Bundesbank triggered the crash by hiking rates???
Sometimes you need flexibility
Even worse in its long term implications could prove, that […]

The real problem which we face is long time known …
but nobody acts … stupid-no-brain-over-leveraging …
Whether we talk about SIVs, banks, hedge funds or even consumers or home owners …
ALL of them leverage until NOBODY can help. Greedy banks lure us in EVERY single day …
Whatever you needed or desired … credit WAS available … […]