DJ; RE:" Good Morning, Viet-Nam !!! "
Bull's eye on the DAX, baby; the Honk crashed ~4% overnight.
I dumped the DAX and CAC WEBS yesterday, too - but did not short; too close to ~5000 and ~3700, but then again, I don't have any long positions to protect, either.
Yen futures down -2/USD again; the BOJ appears to be supporting the Nikkei rather than the Yen/USD, so far. Over here, the Mexican peso and Canadian $ are in serious trouble. Asia/Russia/Latin America need for that crude oil, commodity prices to go up. Was it raw materials gushing out from the fallen evil empire that caused all this ?
"We will bury you !" he bellowed, banging his shoes on the podium at the U.N. 40 years ago. ja! buried in oil, gold, metals, timber... (^_^)
IMHO, what's wrong with the DOW/S&P isn't "value", it's the banks - financials are heavily weighted in our BigBoard indices. That last rally, mid-June to mid-July, was in part driven by the earnings strength of our Banks/Brokers/Insurance companies. When the banks tank, they take no prisoners on the way down.
-Steve |
