Worldwide markets are in full-blown panic mode. It has taken a nuclear crisis to act as the straw that breaks the camels back. And I don’t need to list the litany of thing that have gone wrong over the past two months.
The markets inability to trade “normally” (ebb & flow) is going to add to the market vacuum as we should not have been anywhere near pre-creditcrash levels. Because of the unlimited and never-ending bid, the market is totally divorced from anything that resembles reality even before this shit hit the fan. So many trader-types said that they would remain long until the uptrend line brakes. It broke on Friday.
If you are stock or commodity heavy, you will have to stop quickly or “hope” the market comes back like it has so many times. In the meantime, get your buy lists ready. Futures are indicating SPX 1260 and there will almost undoubtedly be a bounce after a sharp drop. But I won’t be doing any real buying until SPX 1200-1230.
If you enjoy the content at iBankCoin, please follow us on Twitter
Or maybe 800-900.
Too bearish. No radiation here. Plus Korea will pick up a huge amount of business. I would buy the EWY once the dust settles
Kidding
Japan market impressive comeback off low .. almost 700 points higher