Volatility

This month's post features a link to an interesting article from Jim Jubak featured on The Street.

http://www.thestreet.com/_tsccom/newsanalysis
/investing/10342797.html

Ultimately the current excessive monetary expansion and related global asset price bubbles will reverse into a recessionary contraction. As with the cause of the expansion, the contraction will also be a monetary phenomenon, but it may well be first expressed through the markets.

Unwinding of the yen carry trade, as Jim points out, may be beginning to have an effect on global equities. As always, one can't overplay any single trend or event. Eventually one, or a combination of events will become the 'match' as I like to refer to it.

Only the he well informed can smell the petrol, but everyone will see the fire.