biggdaddy's day off thursday, page-19

Pisces,
Only possibility is coordinated Central Bank action as it is commonly referred to, and then a big rally. What coordinated central bank action is I have no idea. whether or when it will happen, I have no idea. But its expected and a big danger to anyone going short at these levels.

In my view the China PMI yesterday was a non event, is already priced in, the high bond yields etc are all priced in and there is no real need for further big drops. The market is just waiting for the catalyst for a rally.

If there isnt a catalyst for a rally then a waterfall drop is on the cards; Effectively no functioning sovereign bond market in europe. Interbank lending frozen, - Its 2008 all over again although this time we know where the skeletons are but this time could include a run on the banks, if that isnt already underway.

wheres caylus