Beware

[I Love America]

This Wednesday could be a very big day. The highest court in Germany will rule whether or not Merkel is violating the German constitution. If they do, the markets will tank in ways that will make 2008 look like a walk in the park.

I am not making a prediction as to what they will do, just saying if you haven't protected your assaets yet, now would be a good time.

 

[I Love America]

http://www.cnbc.com/id/44399634

Don't say you weren't warned

 

[I Love America]

Thank God I won't be sweating it.

Did you go back to cash?

I have been in cash for a while now and made out big shorting the S&P and Russell. The former was up over 20% when I sold it.

If the German courts shoots down Merkel on Wednesday it could be bad. As the article said, it was European banks that took the biggest hit today which may be a bad omen.

I honestly don't know what to predict for Wednesday other than if it goes against Merkel, I think it is going to be very ugly.