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Looks like a little adjustment today.
Anyones guess what it will look like at the end of September.
What are the odds for a Dow under 10K??
If the Yen keeps going up against the U$S and the BoJ raises rates it's bye-bye carry trade.
Israel is desperate to attack Iran and keeps lobbying, but IMO if it happens China will dump U$S and then it's off to the races.
Or will they go for the (in their view) much easier Syria?
I'm not sure I'd hazard a guess for September, but I would say that by the end of this year I expect the markets will be several thousand points lower at least.
The yen carry trade is certainly one to watch, as is the on-going Chinese equivalent of the 'Roaring Twenties' that is likely to end (IMO) in the same way as the American version.