Not so long ago I posted about the commencement of an imminent and protracted collapse of world markets and the very real possibility of sovereign debt default- of a magnitude far larger and damaging than the US Subprime-which was round #1
A corollary of this is a contraction of economies, slackening/drying up of demand and a severe prolonged recession-nay-Depression.
After the post a few comments made light of the post (fair enough- we all love a joke) and derided it BEACAUSE the crash didn't happen that day or the next.
Well in light of recent events the probability is increasing by the hour that the top of the Bear Market rally of 2009/2010 is in and Round #2 has begun.
I urge all of you who have any equity exposure to liquidate and move into cash-a bit of gold perhaps- and most certainly get rid of your default Fidelity Funds and move into cash.
This is in all likelihood the LAST chance of getting a reasonable price for your equities for the next few years. Minimum.
Before this Bear Market runs its course expect a Dow Jones in triple figures!
Monster
