Hello Pezz, re <<Thanx to the Fed the 'panic' be gone>>
... Just a guess, but i guess HK/Tokyo markets will drop today (Tuesday), as yesterday's ferocious rise finance.yahoo.com look 'slightly' unreasoned relative to the true tepidness in NY finance.yahoo.com for Monday;
If so, the Yen will rise, so that Asian shares can fall, and should that be so, watch out NYSE come your Tuesday morning.
If not Tuesday, then Wednesday, Thursday or Friday. The ferocious fall will come at the most inconvenient time for the many, because the Market is not kind, and Exchanges are not gentle. The Market will hard love in the most unceremonious way the most at the very least convenient time, always.
Speaking of tough love, NYSE needs viagra, and the FED needs ballz. Now, pay attention; should HK/Tokyo today fail to rise, or worse, actually panic drop, due to severe disappointment with the just concluded and tepid NYSE performance, the abyss re-opens, and ... too horrible to think about, but delicious to dream for :0)
Finally, look here stockcharts.com , see the smart money, dumb change, clueless scratch, and the panicked moolah all mindlessly pile into the 90-day T-bill arena, herded to doomsville at 2.5% interest rate which will be further enhanced by a 50% devaluation (all in good time)?
It is so not smelling right. Dial 1.800.GET.ME.OUT.
Chugs, J |