A 75% drop in the S&P from the October 2007 peak would be around 400, which is David Tice's S&P target. What are the odds. Paul Krugman had an op-ed in the New York Times today titled The Third Depression. Hopefully Gold and the S&P move in tandem from here if more $ printing is coming. The 10-Year US Treasury Note is trading at $122 resistance in an ascending triangle (Chart 2) and I'm going to see what happens with the $USD at its 50 day moving average tomorrow.
Nikkei 225 (^N225 - Japanese Stock Index) - Courtesy of Yahoo Finance
10-Year US Treasury Note Price (Stockcharts.com)
(Source: Al Jazeera TV)
Japan Deflation vs. U.S Today (Nasdaq v. Nikkei Charts)- 6/3/2010
Mish and Marc Faber Believe Japan Is Undervalued, But Preparing For Doom - 3/15/2010