mcsweeney defends his decision to sell , page-6

Not sure on the banks but an interesting analogy.

10 year bonds are increasing, this is exactly what occurred in 87'. 19/10/87 black Monday, then a smaller crash in 97'.

Will it be 2007 or now? I wish I knew but what is occurring without correction in the DJIA and ASX atm is unsustainable. In the face of the indicators that the DJIA normally follows such as housing (in major decline) something is not right IMO.

I am shoring up in readiness.

If I am wrong then at worst I will have all funds in tact ready to re-enter.