As I predicted, the shares plunge continues. I think that this will continue with high volatility (potentially huge swings positive and negative) during this week, ending the week well down.
The US banks (now Government funded and part-owned) are talking the Euro down while flooding the world market with dollars. Without any doubt this is to try to support the dollar in the face of mass dilution. The market knows what is happening. Expect a major fall in the dollar starting at any time, but within the next fortnight. I am expecting a 10% fall in the dollar against the Euro and Yen.
Buy your Euros now, if you are going to need them over the next few months.
This is not a time to be in equities or bonds. Go for cash, or gold.
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