Yes, but what do the sheep entrails say?
No sheep entrails but the overall derivative “death star” grew $110 trillion in 2011. Yep, they are now over leveraging and betting multiples like 2008 didn’t happen. The total amount of these side bets is now sitting at over $700 trillion or 11 to 12 times the world GDP. This zero sum ponzi scheme will unravel when the next AIG or MF Global bites the dust and the counter parties (US taxpayer) will get stuck holding the bag through further FED intervention. The growth of $110 trillion in one year points to the ponzi scheme coming to an end as they must constantly expand the derivatives market artificially to make up for the real economic contraction and keep it from collapsing.
>> “Yes, but what do the sheep entrails say?” <<
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Take everything you own, along with all you can borrow, and throw it at the gods of wall street tomorrow morning.
Bert - Do I have the wrong kind of entrails? Oh great, no wonder all my predictions are wrong!
Now you're talking...