CLASSIC SHORT CANDIDATE - ML LUXURY INDEX

SS

ML LUXURY INDEX IS ABOVE ITS 2007 HIGH
WHO COULD SEE THIS COMING?

IN MY VIEW - THIS INDEX IS ABOUT TO HEAD BACK TO ITS 2009 LOWS NEAR 60
THIS IS A CLASSIC SHORT CANDIDATE WHEN THE DEFLATIONARY BUST UNFOLDS

IF AND WHEN WE SEE NEXT YR - IF ONE MAJOR PIIGS CANDIDATE GOES BUST - THIS INDEX WILL COME CRUMBLING DOWN

KEEP AN EYE ON THIS