re: 2006 vs. 1987 Big W formation got me in cash 100% this week after reading Mauldins letter .
Will the PPT come out to play tonight?
Volume on the spx last 4 nights looked ominiously weak signalling trouble. Property prices in the US and local hitting the skids. Mortgagee auctions on the rise. In many instances the banks lent more $$$ in 2003 than the market is happy to pay atm. Could be a bargain shopping bonanza come Sept/Oct.
On the sidelines for now.
Gold looks the hots.
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