IF BIG TROUBLE COMES IN 2011 IT WILL COME IN THE BOND MARKET...
BONDS HAVE BEEN UNDER EXTREME STRESS FOR SOME TIME...AND THE SITUATION WILL ONLY GET WORSE...
CHINA IS SEEKING TO DIVERSIFY OUT OF DOLLAR ASSETS ...AND IS INTERESTED IN BUYING MORE FORM EUROLAND... ANY DISRUPTION IN THE BOND MARKET COULD QUICKLY END THE MONEY PRINTING AND "QE" NONSENSE THAT HAS BEEN SUPPORTING THE MARKETS FOR ALL OF 2010...
EVEN THE HINT OF ENDING QE IN THE US...COULD BRING THE DOW BACK UNDER 10,000 OVERNIGHT.
IN 2010 THE PIPER PLAYED FOR WALL STREET... IN 2011 THE PIPER WILL BE PAID IN THE FORM OF A BOND MARKET COLLAPSE...
GIVE THE EXTREME MONETARY POLICIES AROUND THE WORLD...A 10 YEAR INTEREST RATE OF 6% IS CLEARLY NEEDED...
AND THAT RATE WOULD BE ENOUGH TO SEND THE STOCK MARKETS INTO A DOWNWARD SPIRAL...
THE DRIP DRIP DRIP IN THE BOND MARKET AT THE END OF 2010 WILL BECOME A FLOOD IN 2011.
