Loading ...LIBOR3 to $IRX ratio once again Warning Impending crash??
This ratio appears to represent liquidity in financial market. ????
I am not expert on these rates and their implication on the market. But chart tells the story what unfolded.
Looking back in 2007 to 2010 this ratio gave ample warning for the historical 2008 to 2009 crash.
Once again it is at it????
Current daily chart of the ratio”
2007 to 2010 Chart with comments:
Not much doubt in my mind that the DOW will crash under the weight of huge debt and the banks will go with it. In my opinion, this idea of a reversal here and DOW heading to new highs is fairy tale stuff. 🙂
I know Parabolic Chuck believes the stock markets will power higher. They may well do in the longer term, but I think a 30 to 50% correction is not too far away.
I’m with PChuck, and fairly soon.