this beast is growing, page-16

all these are true and valid points

but there will be better entry points.  the sp500, dax and sse are irreparably broken and at a fundamental level - there is nothing but air and qe sugar  and huge doses of optimism to justify  a russell 2000 trailing pe of 152x http://online.wsj.com/mdc/public/page/2_3021-peyield.html

when the music stops for US domestic consumption - the US market will rebase - and when that happens BHP and RIO will be collateral damage as traders sell the copper  and oil positions  theyve been buying on spec - to cover the equity losses

as always - if you;re already weak technically - and not much is weaker than commodity stocks with index exposure - you just become putty in the hands of the shorts