{"id":25066,"date":"2017-08-31T10:26:19","date_gmt":"2017-08-31T15:26:19","guid":{"rendered":"http:\/\/olduvai.ca\/?p=25066"},"modified":"2017-08-31T10:26:32","modified_gmt":"2017-08-31T15:26:32","slug":"bill-blain-ive-got-october-12th-as-the-day-the-big-equity-crash-occurs","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=25066","title":{"rendered":"Bill Blain: “I\u2019ve Got October 12th As The Day The Big Equity Crash Occurs”"},"content":{"rendered":"

Bill Blain: “I\u2019ve Got October 12th As The Day The Big Equity Crash Occurs”<\/a><\/h3>\n
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Submitted by Bill Blain of Mint Partners<\/a><\/em><\/p>\n

The big risk? The ECB taper… what follows? <\/strong><\/p>\n

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\u201cIt will not always be summer; build barns.\u201d<\/em><\/p>\n<\/blockquote>\n

Today\u2019s sermon is about complacency.<\/p>\n

Yesterday, I read in a Fixed Income analyst comment something about the: “robust macro backdrop ahead of the ECB meeting on Sept 7th creating a solid base for risk assets and prompting a steady flow of borrowers to get funding programmes underway..” Sure enough, there is a feeding frenzy developing in the new issue bond market…<\/p>\n

Meanwhile, my stock picking chartist Steve Previs warns the gauges he follows, like put\/call ratios and VIX, reflect an \u201coverly confident\u201d market. He thinks a top is coming. <\/strong><\/p>\n

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Personally, I\u2019ve still got October 12th at 10.30 in the morning tagged as the moment the big equity crash occurs and I get out my buying boots ready for the opportunities that will follow<\/strong>. (Why Oct 12th? Why not..? The date has a nice ring about it as day of manic market mayhem \u2013 and the following day is a Friday the 13th\u2026 meaning it will panic folk even more!\u201d Mwwwhahahaha..! )<\/p>\n

n the fixed income markets I think we\u2019re glossing over the likely pain to come courtesy of the ECB.<\/strong><\/p>\n

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What happens post the next ECB meeting, (or more likely the ECB meeting after that, or the one after that, based on the ECB\u2019s predilection for kicking the can down the road)? Forget inflation and growth nonsense.. at some stage the ECB has no choice but to \u2018fess up how it\u2019s actually been mutualising European debt, and cut its buying programme<\/strong>. We\u2019re all talking about European normalisation, wondering when, but when it actually happens, please explain exactly how that \u201csolid base for risk assets\u201d works.<\/p>\n<\/div>\n<\/div>\n<\/div>\n

…click on the above link to read the rest of the article…<\/p>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"

Bill Blain: “I\u2019ve Got October 12th As The Day The Big Equity Crash Occurs” Submitted by Bill Blain of Mint Partners The big risk? The ECB taper… what follows? \u201cIt will not always be summer; build barns.\u201d Today\u2019s sermon is about complacency. Yesterday, I read in a Fixed Income analyst comment something about the: “robust […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[15674,233,15803,282,501,15675,15802,2731,4318],"class_list":["post-25066","post","type-post","status-publish","format-standard","hentry","category-economics","tag-bill-blain","tag-ecb","tag-equity-crash","tag-european-central-bank","tag-market-crash","tag-mint-partners","tag-october-12-2017","tag-stock-market-crash","tag-zerohedge"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/25066","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=25066"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/25066\/revisions"}],"predecessor-version":[{"id":25067,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/25066\/revisions\/25067"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=25066"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=25066"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=25066"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}