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Direxion Daily Emrg Mkts Bear 3X ETF Message Board

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  • buckup55 buckup55 Feb 21, 2012 11:50 AM Flag

    Here we go

    China, Greece, Spain, Portugal, Italy- raw material suppliers to China including Brazil, Australia.

    The real estate market has basically come to a standstill in China. China accounts for 10% of world growth and significantly more raw materials including probably most of the bubble in copper.

    Additionally, the U.S. market indices are at or near their highest levels indicating a significant pullback. When EDZ starts to go, its going to go for a long long time.

    Could be a couple more weeks before the long sustained uptick, but definitely not months.

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    • Has anyone noticed the state of the Baltic Dry Index lately? Has fallen off a cliff right out of the gate at the start of the year.

      Index is down 67% since last October. Earlier this month it broke below the crash lows of December 2008. Yet this gets zero press coverage. Quite astounding, really.

      World trade has fallen down and cannot get up. This spells BIG trouble for the BRICs especially.

      Today's headlines about a new Greek bailout mask the problems with the deal. I seriously doubt all the other Euro members approve it. Finland and Germany likely vote no. Is it any wonder that European stock market indexes are down today?

      I am with you, it is just a matter of time before EDZ takes off.

61.14+2.91(+5.00%)Feb 11 4:00 PMEST