asx monday predictions, page-28

OK got my crystal ball out and given it a shine with mr sheen - it tells me that we will start with some short sharp selling and then the $2trillion error will lead to a market down rating of S&Poor's analysis (haha)- hence we will bounce back and close flat on a US lead.......although given the smart cookies in Wall St are on their summer break - expect the unexpected. I have called the US as the weapon of mass distraction as it is the EU which will ultimately determine short term direction IMHO:

As one White House official stated:

"The magnitude of their error combined with their willingness to simply change on the spot their lead rationale in the press release once the error was pointed out was breathtaking," Gene Sperling said in a statement.

"It smacked of an institution starting with a conclusion and shaping any arguments to fit it," he said.

http://www.reuters.com/article/2011/08/07/us-usa-rating-sp-whitehouse-idUSTRE77602V20110807?feedType=RSS&feedName=businessNews&dlvrit=56943