fwiw I think this is a one day event... the usd/jpy has been bleeding but not crashing and the dow will probably recover some of yesterdays losses tonight. Given the bullish commentary I've read here I'm a bit surprised at some of today's posts... yes a lot of stocks and index's seem on the brink of a decent fall, but that seems to have been the case for most of the past six months so I'm not sure what's so different this time, especially after such a long period of running flat. I'm also expecting a fall but not yet so I won't be surprised if we see a bounce tomorrow (est 50% of today's fall and stock specific) and a couple of volatile but flat days before the xjo breaks up..
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