There's a lot of global negative events happening all over the world right now. If the negative aspects of them don't impact the financial systems beyond what's normal, a normal correction could be expected. Since nothing much has changed to correct all the flaws in the system that led to 2008, except most of the banks' bad bets have been transferred to the balance sheets of the central banks, and the banks ability to hide their shenanigans has improved, I don't see any reason there shouldn't be at least one ticking time bomb nobody thought of waiting to blow up in our faces.
But I could be wrong and we could just muddle our way through it all without any world changing, earth shattering events. I always seem to come up short in predicting what may or not happen.
On that note, 2008 turned out to be much worse than I ever could have thought it would. I really blew that one.
And about all that money out there. Where do you suppose it all came from? That's right, its all created from debt and leveraged multiple times to create even more debt money. Debt created money created from debt created money and on and on and on, securitized and sold to investors. And it all depends on the ability of the original debtors to pay their debt to keep it going. Nothing's changed and nothing will change until commercial and investment banks are separated again.
Trading/investing without chart analysis is like bringing a knife to a gunfight.
