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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: ajtj99 who wrote (245873)	4/27/2010 9:12:59 PM
From: RetiredNow	Read Replies (1) \| Respond to of 306849

Portugal's got next. Greece = Bear Stearns. Portugal = Lehman Brothers. Think of this as April/May 2007. You should have kept going to the logic conclusion with that thought... US = AIG 2008 = 50% loss in the stock market 2010-11 = 75% loss in the stock market Could it happen? You bet. The total derivatives market in play is $478 trillion. 2008 was due to the sub-prime asset backed securities imploding. The future implosion will be due to the sovereign debt asset backed securities. 2008 was a firecracker compared to the nuclear explosion of a sovereign debt derivative collapse. Anyone scared yet? You should be. Stocks won't protect you. Neither will bonds. US cash? Nope. There won't be any safe place. Well, maybe gold, if you can get the firms who hold your paper to pay up after they go bankrupt. Better take delivery of your gold and hold it in a warehouse.