Friday, 5 August 2011



Here is your Crux AM update:

Euro update: Italy and Spain are dangerously close to the "breaking point"
Bond spreads are rising toward an important level...

More evidence a significant rally could be starting soon
We haven't seen this many oversold stocks since October 2008...


Today's entertainment: Drunken Ben Bernanke tells everyone at neighborhood bar how [expletive] the U.S. economy really is
Warning: Do not read if you're offended by swear words used in jest...

How top analyst Gary Shilling is investing now
"As Treasurys surge... Shilling's macro outlook is once again looking prescient..."

The VIX "fear index" is surging: Up 35% yesterday... Its highest run-up since February 2007
"People freaked out, and they should have... It shows how useful options are for reacting to these kinds of moves and adjusting exposure."

Dr. Doom Marc Faber expects a huge rally in stocks
Says markets are "extremely oversold"... "Snap-back" rally coming soon...

Regards,

Justin Brill
Managing Editor, The Daily Crux
www.thedailycrux.com