Tick.. Tock..I guess everyone is waiting to see what the European Central Bank (aka Germany) does in the next few weeks.
Will they capitalize the banks or won't they??
www.youtube.com/watch?v=6UGDTtqklSo
The tight fisted Germans don't want to bail out anyone, becuase it will cost them a few bucks. Yet if they don't bail out Europe, the banking system around the world WILL implode including the German banks. Losses to the Germans will be massive - more than a few bucks. Bonds and stock markets everywhere will collapse as well. Probably even gold and silver will fall in price. And boy, everyone who sold everything and went into cash will look like a genius - despite being the prime reason the system collapses. The cash rich (who are instrumental in collapsing the system) will wind up owning everything for a fraction of its value. And all these 10's of millions of other people who get wiped out in the process will be kicking themselves for not doing as they did, looking at the cash rich and wishing they were part of their club. And the cash rich live happily ever after in a sea of impoverished humanity. Many believe this of course.
Or... the Germans will succumb to common sense and will capitalize the European banking system, and will work out some form of bailout for the struggling European countries. Of course, this will cost the Germans a few bucks. Also of course this will unleash a ton of additional cash into the market. And boy, everyone who sold off everything in anticipation of a banking system collapse will all of a sudden realize that sitting on a ton of cash is not a good idea, and will start buying gold and stocks and whatever like there is no tomorrow. And instead of looking like geniuses, the cash rich will look like fools. Their fairytale ending will have evaporated.
So which is it going to be? Sell SBB if its the first scenario, buy SBB if its the second scenairo.