DECISION TIME FOR THE CENTRAL BANKS
THEY MUST PRINT OR LET THE MARKETS FALL!
OUR "M' TOP
We have laid out our expectations of an "M" top since near the market bottom in early 2009. As shown below we have now completed our "M" top and one of two courses will now be followed. The market will begin a protracted secular Bear Market OR the Central Banks will flood the world with liquidity thereby artificially lifting the markets.
It is highly likely the Central Banks are already engaged in a globally coordinated liquidity pumping policy to stop the markets from following. This would mean our "M" top will "morph into a 'fractal'" of the Megaphone pattern we have seen since the Dotcomm Bubble burst in 2000. This will final leg will be the Minsky Melt-up we have also suspected still lies ahead.
The Central Bankers are out of time! They must act now or crumbling collateral values associated with a "Rehypothecation" implosion will quickly engulf the markets.
Watch for our updated of the expected coordinated global bank actions.