I stated back on March 20th that we were in for a heck of a ride…
It doesn’t take much in the way of clarevoyance to see what is happening – just lots of time with your head in the tank, watching how the markets live in captivity. The folks at ZeroHedge do a fine job of that, so I’ll just refer to their analysis for substantiation:
(ZeroHedge) Since January we have been pounding the table that 2012 is nothing but a carbon copy of 2011. Whether this is due to the limited imagination of the central planners, or a quota on the number of pages in the market’s script, we don’t know. What we do know is that since now everyone acknowledges that the two years have been fused into one, we suggest readers take a double dose of Dramamine ahead of what comes next, which can be easily seen courtesy of the following chart from SocGen’s Albert Edwards.
