Doom

[suityou01]

LinkyPinkySchminkyEthEthEthChrisWaddle

The country that Zero Hedge has long claimed is the glossed over black sheep that will take down the core of the eurozone is about to be downgraded. At least that’s the case according to the latest flurry of market rumors. EURUSD now moving 10 pips with each trading block… and not higher. Look for support somewhere in the mid 1.23s.

I suspect credit had dried up in Europe and this is why the euro bailout happened. If this happens, then I expect a cascade of european defaults and some big banking names (RBS?) to go tits up.

Q3 is going to be good in terms of global doom.

[Cliphead]