Paolo Pezzutti's  Instablog

The media are starting to publish more and more articles about the possibility of a crash. Portfolios for black swans are very popular and the Hindenburg Omen is another very published topic.  Is it done only to attract readers or someone is working to create the pre-conditions of a crash?  Hard to say.  I am negative on the stock market and I see gold as one of the few alternatives to face an increasingly difficult situation.  The sovereign debt in Europe could trigger another crisis in case of slowdown with important political and economic implications.  I also see a weak Euro because of this.  So, if markets rebound some time during the weeek, in my view this is a good selling opportunity.  By the way, Elliott waves, for those who believe in this technique, are indicating that a wave 3 to the downside may be ongoing for the S&P.  Fasten your seat belts.  

Disclosure: no positions