I draw your attention to this post on the Zero Hedge blog
The contents are disturbing to say the least and must be read immediately.
I will include the first paragraph
This is no Reinhardt type prediction."Anyone who is doing anything sensible right now is either losing money or is out of the market entirely." These are the words of a quant trader, who is seeing something scary in the capital markets. Scary enough to merit a warning that we could be on the verge of another October 87, August 2007, or January 2008.
Goldman Sachs is trying to do a $10bn capital raising to pay off government loans, this will require "better than expected earnings" from a whole bunch of banks to keep the market propped up.
Just look at these screencasts to show how much money is moving out of the financials despite these huge price rallies in the sector!
For example, JP Morgan up 16% on the weekly yet USD 330,000,000 of outflows! Pumpetty dumpetty.
Things are starting to get crazy.