"Aside from the fact that it helps in the marketing of newsletters and other publications, there isn't any practical value in concocting detailed descriptions of what the 'coming crisis' will entail. Some people are bound to get lucky and guess right, but rather than relying on a lucky guess as to what the future holds in store it is better to rely on real-time analysis. There are always signs along the way that can help you steer in the right direction."
It never fails; when I get emails demanding that we are all going down an MF Global sink hole or that this is the final Armageddon, it feels to me like the newsletter heavies are stirring up their readers again. Chasing them in the direction that markets have already gone. The hardest part of what I do is filtering the emails that come in, because they often sound like they know something I should know or at least be on high alert for. Then what happens? Why, the likes of the wonder rally on which we still find ourselves today. These markets eat up and spit out emotional people with regularity.
Anyway, check out Saville's 'A Repeat of 2008, Only Worse?' here: http://www.biiwii.com/analysis.htm along with several other items for your consideration. By the way, I have no association with Saville. I just find that he routinely cranks out sense-making material.