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10 Contrarian Reasons for a Bottom

Let me add a foreign perspective. EUR/USD is rallying over 2% today, last Friday appr the same, with corresponding move in crude. USD down is a recipe for blowout, ie buying funny stocks at funny prices with funny money. There is an almost scary relation between EUR/USD bbp moves and the DOW, at this moment (15:35 GMT) 283bbp/280. Therefore I agree, for different reasons, with Mr. Hui. Fundamentally the picture is broken but in the coming 2 weeks we deserve a nice rally at the taxpayers expense.

Meredith Whitney Threatens Severe Deflation For Your Portfolio

Sir, let me add a foreign perspective. Five years ago I sold off my position in C and apart from recent trades on C and WM I haven't touched US financials since. I am not a genius but as an outsider I didn't get carried away in your great debt induced folly. "This time it's different" uh huh, well except it ain't. The USD has been telling the true story, for 6 years running, and I think you are deranged for applying old-school metrics to what is in essence a financial Chernobyl. I will not hold a US financial for the longterm until your main indexes bottom out, which will take many years, but I will trade. Frankly my opinion is you (in the plural) are toast. Eight is the digit to watch, being 8k on the Dow and 800 on the S&P. On a EUR basis you are already way below that number, €-Dow is 7,75k and €-S&P is 840.