Dead Cat Bounce?

We’ll see. When I left the house at 4:30 this morning the futures were pointing up but now they’ve turned negative.

I still think we’ve got a long and most unpleasant shake-out ahead of us. The EuroSocialist model is proving to be completely unsustainable.

One Response to “Dead Cat Bounce?”

  1. Yojimbo says:

    Yeah, at 1:30 I saw the futures at plus 11. When I got up at 5 they were minus 11 and then came way back just before the open.

    There is a major structural inflection point out there in the not too distant future. I’m too old to believe in soft landings. I think the entire Eurostructure is close to collapse and you will be surprised at how quickly it will come to pass once the process starts.

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