Wednesday, August 31, 2011

THE NEXT MAJOR CORRECTION MAY COME 9/7-8/2011

ON 9/7 THE GERMAN HIGH COURT WILL DECIDE IF THE GERMAN CONTRIBUTIONS TO THE EU BAILOUTS ARE LEGAL. (WITHOUT GERMAN PARTICIPATION THERE CAN BE NO BAILOUT.)



AND ON EITHER 9/7 OR 9/8 OBAMA AND HIS 2 TELEPROMPTERS WILL ADDRESS CONGRESS.



I EXPECT BOTH TO GO BADLY FOR THOSE HOPING FOR A QUICK SOLUTION TO OUR GLOBAL DOUBLE DIP. GERMANY WILL RULE THAT THE BAILOUTS ARE ILLEGAL, AND OBAMA WON;T SAY ANYTHING NEW OR CONFIDENCE-BUILDING OR EVEN MEMORABLE --- LIKE 'THE ERA OF BIG UNAFFORDABLE GOVERNMENT IS OVER!".



AS A RESULT, A LARGE NUMBER OF LARGE INVESTORS WILL RESPOND BY BAILING ON THE EURO AND THE DOLLAR AND THEIR EURO AND DOLLAR STOCKS.



GOLD WILL SOAR.



SIGH.



UPDATE: THIS MAN AGREES THAT A CRASH MIGHT BE COMING.


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