Credit Crisis - Phase 2

In my view , deflation is set to return and haunt the markets soon.

Expect a 2008 like event to unfold in 2011/12.

All markets that rose in sync in Q1 2009 , are set to fall in tandem when the next phase of credit crisis 2 begins.

And it looks like 2011/12 could be those years.

Commodities and equities will fall in sync.

We saw energy and precious metals start the sync drawdown this week.

I expect equities to join the party soon.

I expect Spanish IBEX to start to fall going fwd from here.