Bear is staring at us right now, just don;t know when he comes o

Yes confusing situation now, but all parties must end.

This is the first time I can recall emerging mkt and euro world did not catch a cold when U.S. Sneeze, partially could be explained by fundamentals that U.S is losing it's superpower position.

A couple thoughts:
- This is not pessimistic enough, NAZ still near all time high, people are chasing GOOG, AAPL, RIMM like they chase YHOO, AMZN, QCOM IN 2000, put/call just 1, trin not over 2, sure, everYthing related to consumer are crushed.
- Emerging mkt / Europe / Spy had beem on a bull run for over 5 yrs (10/2/02), this is the LONGEST BULL MKT SPAN EVER

Will the Aug 07 mini crash trigger a new bull mkt, I just don't think so, all parties must end, the craziness of the HK /China mkt maybe already signal the top, BUBBLE ARE THE MOST BEAUTIFUL BEFORE BURSTING but it could still run for a bit with favorable seasonaltiy

Just as the complacent credit market turn sour in such a quick time in June, the 2002-2007 great global bull run could turn quickly as well.

Bear is staring at us right now, just don;t know when he comes out with full force...........