There is a funny indicative behaviour telegraphed by the stock called Sotheby... This stock has been heading south prior to a major sell-off? Look at the chart below all the way back to 1988.
Peaked Aug 1989 - Event - JPN & western property bubble burst
Peaked Apr 1999 - Event - TMT bubble burst
Peaked Oct 2007 - Event - CDO & Sub-prime property bubble burst
Peaked Apr 2011 - Event - Greece & Portuguese sovereign default possibility - Coincidentally the same zone it peaked in Oct 2007..?
Every occassion this stock has peaked, huge corrections have followed suit for not less than a year! If the script is right as per this hypothesis, then it would be safe to shift out of global stocks and come back in Q3 2012....
http://finance.yahoo.com...ale=off;source=undefined$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!