Ambrose nails it in his usual style. This quote should scare the snot out of the "long only" crowd:
"'This has been one of the most interesting days in finance ever,' said Andrew Roberts, head of credit at RBS. 'We are right at the tipping point. Yields are about to collapse even further, equities are about to turn over. The end game approaches, probably in next few weeks.'"
Hard-nosed Fed sends global markets reeling - Telegraph
and here I sit, still thinking we need another leg up to the 1100s and u.s. treasuries need a sound thrashing before they do what ambrose says.
ReplyDeletemaybe I'm just conditioned after years of people stating with emphasis that armageddon is upon us. somehow, I don't think armageddon presents its calling card so everyone can note that it's at the front door. and right now, just about everyone is noting that.
o, canada. o, boy, u.s.a.
;-)
dark
But but, what about the "omen"!?!?! What about P3?!?!?! Surely this becomes a self fulfilling prophecy at some point? ;)
ReplyDeleteHope all is well Dark, thanks for commenting.