RE: RE: Market seems ready to crash!Well a crash is a rare event and certainly difficult to predict with prescision. I'm not guaranteeing it'll happen right now, but the conditions are right for this type of event and pieces of the puzzle are starting to fit.
By the way Japan had some interesting comments on Friday:
June 11 (Bloomberg) -- Japan’s ruling party pledged to balance the country’s budget by 2020 and address what Prime Minister Naoto Kan called an “unsustainable” dependency on public borrowing that threatened a crisis similar to the one that erupted in Greece.
“We can see from the eurozone confusion that began in Greece that our finances can go bankrupt if we don’t address our rising public debt,” Kan said today in his first policy address to Parliament. “It’s difficult to wipe out Japan’s massive debt overnight so we have to get working right away.”
Debt problems are really difficult and time consuming to solve especially for political reasons. This why I think we are in a bear market for the next 6 years. Right now there is no effort at all to contain debt, just pressure to issue more and more.
The 200 day EMA comes in around $56 on FAZ. It sounds silly to say it, but maybe targets in the $40-50 range are possible on a very brief spike down.
SC