Well, obviously not. But we are in 1929. A rapidly weakening economy and a partying stock market, driven by massive speculation. Do we have to wait until the fall for the classic October panic? Could be…

But maybe not. Just remember, that the smart trader and investor leaves the last dollar on the table for the other guy to reach for.

I understand that Marc Faber released today an unusual second commentary for the month, that ended with: “Therefore, I believe that all stock markets will shortly undergo a substantial correction or a crash during which US stocks and the US dollar could offer some relative out-performance. My favorite investment currently is to park some money in two years US Treasury Notes and to avoid all equity markets.”