G8 starts reversing the emergency steps they took to rescue the world economy as it shows signs of recovery – Dow starts topping out
Sam Adelton
Jun. 13, 2009

Dow Jones industrial average is showing signs of the end of the bear market rally. Right at that time the Group of Eight nations began considering how to reverse the emergency steps they took to rescue the world economy as it shows signs of recovery.

The market is topping out at this time. The econometric and quantitative models show serious bear phase lies ahead. Dow can call below three thousand in the next twelve months as world depression intensifies.

“We discussed the need to prepare appropriate strategies for unwinding the extraordinary policy measures taken to respond to the crisis once the recovery is assured,” the G8 ministers said in a statement yesterday after two days of talks. There are “signs of stabilization,” though “the situation remains uncertain.”

Of course these G8 minister never understood that the world financial systems were melting down last year in July-August. They do not have any clue as to what lies ahead.

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