I figure there’s another two to three weeks of runtime left for the current rally, before reality starts to eat away at the corners of the lovely, but phony picture Wall Street has hung above our mantle.
I’ve seen a theory that the dollar is about to bounce up a bit from its weakened state, potentially triggering the share crash. If this happens it will be next week.
If not then the crash will be in - pure guess - September.
It will look like a short-term reversal at first, and will be described as such. But as the only good news on the horizon for businesses is the 2010 elections, and there’s plenty of bad news - including the Bush tax cuts disappearing - I expect we’ll spend 18 months underwater.