via Fiend Bear - Get Your Bear On

All that's really required for a reversal in the main indeces is a failure to make new highs. It will not require armageddon. So those people at the street corner with a placard saying 'the end is near, buy silver' might be given a rain check.

Banks will stay solvent, because they have become more subsidized than health care. Although that might mean deficits and low interest rates for the forseeable future, regardless of what you might have read in the press.

Corporate earnings are at historic highs, well, because they are meant to be. Since you can legally take out equity swaps against your company as a CEO, or CFO that probably means that the whole corporate sector is in on the scam, and cornering risk assets.

In the gold sector, you have an express move out of risk. Sprott settled its equity swaps with TD Securities in 2012, which is probably the best example.(I would point to the March 2013 Alternative Monthly Report for GBN.V on SEDAR as proof of the transaction.) As the Financial Post reported, there were at least 12 sell-side brokers for each buy-side. I'm sure the buy-side in the resource sector will have lost their jobs.

http://www.fiendbear.com/bear1973.htm