Are we heading for a repeat of the 2008 crash?

Speculator

Whether it's volcanoes, general elections, oil spills, rogue traders with fat fingers, Greece, Spain, Italy or Portugal, all is clearly not well with the world. But this time the panic is in Europe. It now faces 'a complete meltdown of its own financial system', or its currency at least.


http://www.moneyweek.com/investments/stock-markets/are-we-heading-for-a-repeat-of-the-2008-stockmarket-crash-01904.aspx

Speculator

This short-term fix won’t save the euro!!!

http://www.moneyweek.com/investments/money-morning-short-term-fix-wont-save-the-euro-01901.aspx

PeakOutput

god if only the euro tanked over the summer while i was in the states earning my debts would all dissapear

come home finish college as things are starting to recover

travel for a year or two while everything adjusts then start a career

sounds IDEAL

for everyone elses sake i hope it dosnt happen

Speculator

Yet Another "Historic" Mistake by the Feds ?


Fleetstreet Invest:

http://www.fleetstreetinvest.co.uk/daily-reckoning/bill-bonner-essays/histori-mistake-by-feds-01906.html

jinghong

the next couple of days will be instructive. If current levels provide resistance to upward movement, we will probably see a sizeable correction.

after all, and this is one thing most people seem to ignore: stock prices are not cheap relative to earnings. Not for a recession.

Yes there is 'some' recovery and let it continue. But for it to get on a solid footing, prices need to 'correct' properly and build a base from there.

This usually happens sooner or later, so this and next week will be telling

EDIT: Resistance seems to be showing today. Time will tell..

Bullish

Here is my take on it ... I dont have a crystal ball but here goes anyway
We will take out last thurdays low starting today,
When we bottom at DJI 9800 we rally to mid June and then we see a correction and a large one.

Pure speculation, but lets see if it unfolds

RoadKillTs

I thought we were having a correction atm

jinghong

I currently hold short positions
If S&P breaks 1085 I'll sell.
If it drops 100 points I'll take profits there
I think we'll test last weeks lows too

Bullish

Its a given Jinghong,
Good luck with the shorts and i wont be covering till below 1069 SPX.

Dont forget the redemptions in mid june.. This will be fun if you are on the right side of the trade

ixus

The Bond market bubble still has to burst. Eye of the storm and all that....

pocketdooz

ixus wrote: »

The Bond market bubble still has to burst. Eye of the storm and all that....

What do you see happening to bond market? We're seeiing investment grade bonds basically yielding 5-6% and junk bonds at 7-9%.

Seems way too tight to me mate and agree we'll see a sell-off. Earlier this week everything traded off to yield about 75bp more than late last week but it's all tightened again.

.

ixus

I look at it from the sovereign debt point of view. The amount of new issuance that has to come to the table, as Taleb said during the week, it only takes one failed auction to cause a panic. Using more debt to solve a debt problem is just not going to work.

The tremors are getting stronger on the euro front. It's in serious trouble as is becoming increasingly obvious. (some sell of yesterday - a flight from everything).

On the commercial debt side of things, surely those yields are great for companies? I think commercial debt will become far more attractive than sovereign debt. Is this what's happening at the moment at your end?Is it evident?