A cursory look at Europe funding lines points to a serious liquidity squeeze coming soon. May be as early as next week! For fed bank to open the $ swap lines to swiss central bank & the swiss refusing to state the reason, points to liquidity tension in euroland. If the ECB, BoE & SNB dont shore up the liquidity tanks this coming week, that tension will spillover in stocks & derivatives. 5 - 8% daily declines in euro markets will be very likely and financial stocks will bare the heaviest brunt...
Caution...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!