MattW you are correct with the BHP analogy. I remember Volt...

MattW you are correct with the BHP analogy. I remember Volt getting howled down on the BHP forum in 2007 when he suggested caution. $40 seem so cheap they said. One said he would sell all his houses and shirt on his back if BHP fell to $32. Well Well!!! Nobody saw $20 coming back than.

The real crisis will come with the next 2 years IMHO with sovereign debt defaults.

I just play the market when trading and this has included LONG and SHORTS over the past few years. I was playing the BHP gravy train, trading the ranges LONG and SHORT since march 09. I use STOPS so i dont blow myself up.

Someone suggested a 1987 panic on the cards. Well what would happen tonight if Greece, Spain or Ireland defaulted (or any of the PIIGS?) Can the Euro survive this scenario?

A bankrupt world teetering on the edge with the real crisis to come.