To summarize the "logic" in the prior post: Wall Street collectively doesn't believe that a crash can happen therefore they over-leverage themselves to GUARANTEE it does happen. It's called conflict-of-someone-else's-money.
Remember to act surprised when it happens...
Here is the Hindenburg Omen I alluded to earlier today:
The S&P 500 has traded in an unnaturally narrow band for the past two weeks above the two most recent gaps...
The Nasdaq
The dollar is imploding
Iron ore was limit down overnight
Commodities
Oil
U.S. Oil ETF
Bueller?
Junk bonds
Retailers and REITS (shown) are getting pole axed
Canadian banks did not join the U.S. bank rally today:
Due to subprime contagion fears
Market breadth
In other words, ahead of Sunday's election, Europe is the new global "safe haven"
What could go wrong?