Our market is acting kinda funny today sitting around yesterday's close whilst all around is disintegrating. The three main Euro indices were down an average of 2.2% last night, the Nikkei is currently down 1.7% and the US futures are down around 1% and yet we sit on the porch sipping our gin and tonic. Its kinda surreal.
Given that I wonder what the odds are that the instos are playing possum, quietly distributing waiting for sometime mid afternoon when will start dumping big time. Anyone think we will wipe 20 - 30 points this afternoon?
