gees I WAS WRONG. went to bed before dow closed. breaking it's lows is now of considerable concern. whatever happens from here, that new low made thurs is likely to be tested again. time to sit and wait, at least until i see the bdi turn up 10% from it's low of 815.
the eib is looking shakey. if that wobbles then europe is in deep water. a 'triple a bank' of such magnitude in trouble, will send the mkts down and almost out up here. i predicted rbs in trouble well before it hit so i just hope the eib does not go the same way. i have funds with eib. i have too with rbs. just where does one go ? gold/silver and dub's route ? i hate humble pie lol.
bonza's post 3511650 may well be on the money with his scribe.
http://www.telegraph.co.uk/finance/financetopics/financialcrisis/3491769/Europes-superbank-EIB-enters-perilous-waters.html
last yr teddy went down into the bunker. he came up some time ago. i hope in hope, he AND I, don't have to go back down into that damp BUT SAFE hole.
be good,
40.
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