Countdown time.......
Just heard Jim Rogers (on Bloomberg video clip) say that there must be at least 3 financial houses which are in big trouble and at least one could go belly up or pretty close.........
Dunno when they will come clean about the seriousness of it but when they do the 550 or so points we've lost since Dow top will seem like chicken feed....
There is a major crisis looming..... 300-400 daily losses on the dow will be back ...
Perhaps I'm crying wolf but just wait and see.... it may happen on a 27th They've been pretty hairy this year but lets see...
Take -Away
Be prepared for some pretty bad days usually precede The Big One ....
VIX is telling us trouble ahead... it's been trending up for months now so forget this "vix is up today - vix is down today" stuff .....
Volatility has started a new bull market ..........
Just heard Jim Rogers (on Bloomberg video clip) say that there must be at least 3 financial houses which are in big trouble and at least one could go belly up or pretty close.........
Dunno when they will come clean about the seriousness of it but when they do the 550 or so points we've lost since Dow top will seem like chicken feed....
There is a major crisis looming..... 300-400 daily losses on the dow will be back ...
Perhaps I'm crying wolf but just wait and see.... it may happen on a 27th They've been pretty hairy this year but lets see...
Take -Away
Be prepared for some pretty bad days usually precede The Big One ....
VIX is telling us trouble ahead... it's been trending up for months now so forget this "vix is up today - vix is down today" stuff .....
Volatility has started a new bull market ..........