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Black Monday


JimDiGritz
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A run on USD and Euro denominated debt.

Sterling & gilts lags behind.

Gold shoots through £1000/oz and $1600/oz

Post stress test banks get hammered due to their massive exposure to eurozone debt.

Major indices plummet 5%.

HOWEVER

Bernanke et al will start openly talking about QE3 plans and the markets will rally.

Or maybe we just get more headlines about Murdoch....

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A run on USD and Euro denominated debt.

Sterling & gilts lags behind.

Gold shoots through £1000/oz and $1600/oz

Post stress test banks get hammered due to their massive exposure to eurozone debt.

Major indices plummet 5%.

HOWEVER

Bernanke et al will start openly talking about QE3 plans and the markets will rally.

Or maybe we just get more headlines about Murdoch....

28 days too early...

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Might be a bit of a black monday European bank day?

Then again I'm sure it will be a flight to safety with all the banks that passed the stress tests.

Surely bank shares will rocket! All the important ones past the stress tests, everything is good again!

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A run on USD and Euro denominated debt.

Sterling & gilts lags behind.

Gold shoots through £1000/oz and $1600/oz

Post stress test banks get hammered due to their massive exposure to eurozone debt.

Major indices plummet 5%.

HOWEVER

Bernanke et al will start openly talking about QE3 plans and the markets will rally.

Or maybe we just get more headlines about Murdoch....

FTSE opened down, putting this in the top half of Black Day predictions..

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why euro yen?

People say that copper is the metal with a PhD in economics.

EUR/JPY seems to be the currency pair with a PhD in risk management.

I don't know why it is but the market seems to need confirmation from EUR/JPY at a level below 110 to confirm any material down moves in risk assets.

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