Japanese auto makers are restricting delivery, QE2 is ending because of inflation concerns, the debt ceiling is being used as a political obstructionist tactic. The Dow will be in free fall below 11K within 60 days. Shift everything to inverse indexes now or suffer the consequences. I hate to see people (and their 401K’s) get hurt and there’s nothing but pain in the forecast. Groupon might rally for a day or two but the reality is grim. Fear and panic are already taking hold and as much as it sucks it is time to bet against the S&P, Russell, Dow and because of the recent contingency in the South China Sea and their adjusted currency valuation, it’s even time to bet against China.
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