Vacation's over and the world is still ending!

I hope you had a nice vacation because it's time to confront some pretty ugly realities facing this globe's economy. The Euro's finally got back from their month long hiatus and the finger was on the sell button. The DAX fell over 5% and the Eurostoxx 600 was down over 3%. I warned you to "Hold Off" Friday because we'd have lower prices Tuesday and futures are down over 2% as of midnight. I also predicted gold would be $1900 and right now gold is $1910. I hope you heeded my warning to raise cash and insulate yourself with some gold! If we go back and test the lows set in early August of 1120-1130 on the S&P, most analysts believe we will breach them and breach them hard. I say forget the technicals, if we get more panic selling courtesy of HFT and and a shell-shocked public giving us some more "flash-crash" action, it could turn very, very ugly. I actually don't think governments will allow it to get much worse before intervening Ala "fiscal stimulus". You'll hear the bears tell you that a QE3 or some sort of European "TARP' is impossible and won't fix anything anyway. You can certainly argue about the longevity and effectiveness of more stimulus or "debt to pay off debt" which is perfectly valid, but saying that these print-happy governments won't print more money is ridiculous. That's why I'm bullish for at least the next 6 months as I see no reason to suggest the idiots who got us into this mess won't just keep prolonging the inevitable with more failed monetary policy.