Global financial collapse takes another step forward

when you see S&P 500 below 1039... you will see 850.
so, flight to safety is in the cards, and you guys are not
going to believe how much insurance rates for financial
loss is esculating - we are approaching 80%... for 40% avg.

so its not looking good.... this rift seems to be centered in Europe
but we are paying for it...? I dont know why - but FED is trying
to keep the can going down the road... so I guess, we got see
how hard they kick the can, to see if we are crashing over the summer
or are we crashing SEPT> NOV. notice, I no Longer see how
they can stop this slide until support and that is way down there
around 850 first stop (never buy first stops - its like catching afalling knife)
some trader are buy 2012 PUTS... ? sounds risky until we get below 1039,.
but then again that might be to late to get in... ? scary stuff floating around the markets today - and it aint the normal stuff either...

reply to post by Anti-Evil





The time is 16:35 Chicago and the S&P is down -14.41 at 1,050.47.
DOW is 9,816.49 and NASDAQ is -45.27 at 2,173.90.
It does not look good.

Originally posted by Anti-Evil

some trader are buy 2012 PUTS... ? sounds risky until we get below 1039,.
but then again that might be to late to get in... ? scary stuff floating around the markets today - and it aint the normal stuff either...

I’ve read a few of your posts over time and I'm very impressed with your insight to the market.
Personally I’m in the camp that is preparing for the big drop. I don’t know when it will occur or how but every thing I see going on around me says it will be soon.
So on that note can you be more specific to what you see going on in the market that is out of the norm per say.
Thanks,
Murfdog