Submitted by madhedgefundtrader on 05/17/2011 - 09:21
Stock markets on crack are about to join Lindsey Lohan and Charlie Sheen in rehab. We are witnessing the end of the third great bubble in debt, the greatest accumulation of IOU’s in history. The Federal Reserve is now manipulating all markets, and the exercise is certain to end in tears. The only way out from this will be to suffer an economic and financial crisis worse than we have seen to date. Dow 3,500, here we come. Looking for oil at $15 a barrel. Gold craters to $250 and silver to $4. A 2% yield on ten year Treasuries anyone?