I call it terminal move which should take SPX below 600 soon. I suggest everyone to be careful in the second half of this week. A few month ago, I said C and BAC will be near $2. BAC will crater below $5 on gigantic volume tomorrow. But more important ones are the coming FUBARs. I expect JPM WFC and BK to share the same destiny. This will continue until there is almost no bank left in USA. Perhaps one or two private banks together with a government controlled bank.
Also time has come for a 4-sigma move in FTSE due to the reasons I explained couple of months ago. And believe or not, the coming blood bath in commercial real estate here will make the collapse of investment banks look like a minor event.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment