Monday, November 21, 2011

Black Monday? No. A BLACK WEEK!!

A regular reader to my favorite webpage FRB or Fictional Reserve Barking commented after a polemic that a squall is coming the likes of which we had never seen. The structure of that phrase clicked a neuron and plucked a memory chord. I'm still trying to figure out where I heard or saw it, and it keeps on slipping. This morning's opening on Wall Street affects in a like manner. Deja vu! but I can't remember when or where. Was I young or was it more recent? In any case, for the pundits that ponder their stats looking for a pattern, this time around there is no precedent from the regressions. It's the Mule breaking out the maths: the coeffcient of error that can't be contained systemically. There are only two players that can restrain the overflow, contain the explosion and both are trading partners, both have their own tensions and both are in search of an author.

One snickers listening to Mr. Cameron highlighting some punctual anomaly in the economic figures just released. It's unreal to finger out the semblance of sunlight amidst a hurricane. That's it, the phrase comes from Dune-the book and the movie!!! It's a variant in a dialogue when the Fremen note a 'wormsign'...

Well, Monday won't be Black, it'll be bleak. Losses will range between 250-325pts. Treasuries will gain and most commodities will fall. Gold, it should fall (except for those that see a backstop international standard on the horizon). Tuesday, some profit at the beginning of the day and then for another 'swerve...towards the bend of bay'. Wednesday figures will be mixed and by the end of this week, Wall Street will be flattening out with losses between 750-800 points, unless the FOMC minutes reveal some silver lining. There will be no Thanksgiving for most investors; there will be one for those holding CASH.

CASH is King!! and whether you like the sound or not, the USD is the only currency worth its logo. I guess there's something providential underscoring the dictum.

The Week will be Black!!!

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