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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: benwood who wrote (95024)	3/6/2009 3:22:17 PM
From: westpacific	2 Recommendations Read Replies (1) \| Respond to of 116555

JPM, LAZ breaking down hard this week and GS not far behind. Next week gonna get mighty interesting. Me thinks GE is gone, they have way too much debt to equity and in this market without government stepping in they are finished. 5800/5900 is my near term target for a rally, and if they blow below that, duck and cover. GE breaks $5, kiss it goodbye. Few understand, England is going down, the pound will trade at 1/1 to the dollar if they do not outright fail. Also think the Euro is at risk bigtime in the coming year or so...breakup could occur. Again G20 in April will HOLD ALL THE CARDS! If markets do not react to what comes out of those meetings I fear for lows in June/July for sure. West