We are in a midlle of a NEW BIG SELL OFF? I think so....until the end of June the markets will keep going down. Do you think I'm wrong???????

Not sure, but I'm not expecting markets to perform well over this year - I figure once the summer results start coming in, we'll find bank results flat at best, and further problems among general blue chips.

Brian, what do you think that could happen for the dax ate the next days? do you think that e'll have a recovery from the last 5 days or will keep going down?
Best regards

5 days is too short to call - so far the trend seems sideways on the FTSE, and slightly up for the S&P.

Looking at the charts, I can easily see the S&P at a near top, ready for a steep decline.

Here's the thing - everyone has been saying that this is the worst financial crisis since the 1930's depression - and yet many news stories only talk about the figures being worse since the 1990's.

That has me concerned, because with the green shoots talk, it's like there's an underlying presumption that this really isn't that bad a crisis anymore, it's only a light recession, and that there will be strong growth from next year.

I don't agree with any of that - I think we're down for an L-shaped recovery, and that we are anything but at the bottom yet.

Property prices could go down to around 30%-40% in the UK in total. That's going to strangle our banks, like it did in the US.

In the meantime, paying back TARP money, increasingly capital rations, means US banks have even less to lend now. The US economy isn't going anywhere fast.

In the meantime, I'm keeping in a cash-only position as I think there are some serious further shocks to come - not least that the growth a lot of people think is coming, will not materialise.