March 22, 2011

That is not going to be the peak, the peak is only a few weeks or even days ahead.  March 22nd is when the realization will occur.  The realization of the fraud in the real estate market.  Realization that currency deflation will not solve the problem.  Realization that much of the sovereign debt market is rotten.  Realization that paper prices (stocks, bonds, currencies, and especially derivatives) are grossly overvalued.  It may or may not occur with a thump, but it will be a high water mark for some time to come.