Thinking

“i’m thinking small downturn following the upcoming legatus event..
with a more significant downturn following the rome pilgrimage”

the first shoe to drop in May 2011 may be policy based (QE2, QE3, bailout exit plan, interest rates; all of which are quickly reversible if need be or desired) or china fiscal policy instituted or troubles with precious metals

but the last shoe to drop in October 2011 has to include failure of regulation, improper accounting revelations, white-collar crime and greed based along with potential japan economic confessions (all of which are not quickly reversible) so the regulators and politicians can pretend to have something (capitalism) to fix