February was not pretty and March will be side ways and perhaps imo a little up, but wait till April.
I wouldn't be holding anything long beyond mid April.
IMO it will be a shocker to end all shockers.
If you thought late last year was bad, April imo will make it look like a tea party.
Not long after imo we will see major defaults, aussie banks will be caught up in the world wide plunge and near panic will grip national leaders not to mention their populous.
Major insurers off shore will go belly up as the full extent of their exposure to the sub prime fiasco becomes clear with a once willing US government, no longer willing to throw billions into a bottomless pit.
House prices will devalue to 90 percent of their highs.
Collapse of the US economy with the "D" word on every ones lips.
General Motors will go into receivership as the US heads toward record unemployment.
National Guard called out to quell riots as they spread from city to city, from the east coast to the west, north to south. Satellite pictures will show images of America burning.
And in London the demise of the Labour government with the Conservatives announcing martial law and the suspension of civil law after the worst riots in living memory with hundreds dead as fear grips a once proud nation.
Calls for "immigrants out" eco through the corridors of White Hall.
Across Europe it will be the summer of discontent beginning in Eastern Europe, the fall of democracies and a shift toward the right and in Germany the rise of neo Nazi movement proclaiming the Fourth Reich.
Dow to plunge toward 4,000 and All Ords toward 2000.
