Emini Trading Update – Friday 1 June 2012 (10:50)
Well we finally got the break – and is it any wonder. The news all over is/was bad. Nice confirmation for a Bear like me.
The market predicts the real economy by 6 to 9 months. So if the market top is in – that would mean the real economy will start to get significantly worse after the US election result is in.
I think we’re into new territory – certainly rates are moving into the “unthinkable” – and so will have to adjust to these 2 or 3 sigma type events. The imperative for “getting my house in order” also increases.
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