Why is anyone surprised at what is happening to ECU today? I have given up being either surprised or ranting anymore. I have complained many times to many authoritites over the last few years. In fact people got sick of me talking about it...and so did I.
Kudos to GWR for giving it a try.
The one good thing I saw this week was Jim Sinclair's comment on the fact that there is soon to be a shift in the large underlying shorts (and naked shorts) of the JPMs as they slowly get out to go long. Your guess on timing is as good as anyone elses'.
However the time targets/horizons you have (which may be directly related to your individual anxiety levels after these past few years)...may be quite different from Jim Sinclair's, comfortable longs, savy traders, fraudulent banks, brokers and regulators.
That old saying that markets can stay irrational longer tha most can stay solvent rings truer every day for many small retail investors, especially retired ones. The criminals know this too. Hell, they are even getting handsome mutlimillion dollar bonuses for their outstanding efforts.
One day this will all end, I say to myself...one day this will all end. And most reply with "when".