Mike Mayo's observations seem to be part of a broader wave of reactions and observations by people who know what is happening and decided to speak out.

Just watch the two interviews below on Yahoo Finance of William Black, former senior Bank regulator and S&L prosecutor. That is directed to a very broad audience.

What this tells me is that the "sucker rally" in regained confidence is about to top under the weight of people declaring the fraud that is going on. So Martin Armstrong is probably very close with his date of around April 19th (2009.3) as the turning point in levels of confidence. I just hope that the collapse of the Dow and S&P will this time not lead to a parallel collapse of our mining shares, but rather the opposite.

http://finance.yahoo.com/tech-ticker...

http://finance.yahoo.com/tech-ticker...