Hello Pezz, <<Don't know why everybody is panicking here ...Justa normal pullback after the big gains...IMHO>>
... The world's supremo creditor is panicking, for what reason I neither know, fathom, nor care.
quote.bloomberg.com
"Asian Stocks Drop; Japan's Topix Has Biggest Drop in 2 Years
Oct. 23 (Bloomberg) -- Asian stocks fell, with Japan's Topix index having its biggest decline since the day after the Sept. 11 terrorist attacks in 2001 ... The Topix tumbled 4.1 percent to 1028.88 as of 1:33 p.m. in Tokyo."
Whether this is the appetizer or start of main course is not yet clear, but I am fairly certain it is not the after-dinner port. Let's watch your morning and my night for further indications ;0)
Something doesn't feel right about this turn, and so I am not dismissing it as a <<normal pullback>>.
Recommendation: Panic, but panic first, duck, roll, dash, run, do not look back, until you are well within the cover of deep foliage, and then crawl into a hiding spot, making sure your sniper scope does not reflect the sun. Look for Maurice, and spot for ACF Mike :0)
Chugs, Jay |
