Buy treasuries, sell equities. This is the end of the great inflation of 2011. There will be a hell of a hangover in the next 6 months. You better get out of your inflation trades. The ECB will be the trigger.
Quote from ElecEquity:
The bears always come out in force whenever there's a big down day or a pullback. I'm sure Robert Prechter will be on Bloomberg or CNBC in the coming days if we get any follow-through on the downside. He'll probably be wrong again...of course he'll say as an aside that his outlook is uber long-term. At some point he'll be right b/c if you say the same thing long enough, at some point you have to be right. Right?