UK and US Bank Index - We are still in a RECESSION

The above is the US Bank Index and chart below is the UK Bank Index.

Look at the price action after March 09 lows.

This is NOT a recovery.

They have been flat since mid 09.

US looks like a double top and UK is flat.

The leg of the crisis will take these indices below March 09 lows - this is for sure.

Nasdaq has matcehd 2007 high.
RTY has matched 2007 high.
SPX is close - 1547 Vs 1370

Brazil , India , RTSI have also matched 2007 highs or are getting there.

The Bank Index chart is actually scary.
Also the ML Luxury Index is above its 2007 high.

This is RIDICULOUS.
In less than 2 years - it took out the 2007 high.

My favourite candidate for SHORT is the ML LUXURY Index.

I have a signal via the PRADA IPO as well - that the TOP is near.