Thanks for the timely advice. As of now, in addition to the dry powder stacked on the side, I am trenched on the short side since last
Friday. I will, as the trend turns as I am sure will at certain point, swim with the tide.
Hong Kong seems to be capitulating tonight, down another 400+ points. Its still too early to tell, but the "evil" forces seem to be dealing a killing hand. Let's see what the Chinese government is going to say.
Coupled with the uncertainty in Russia, the Pres, and the impending collapse of the Latin American markets and Europe, and the looming possibility of Chinese devaluation (which I still think is in the cards), it does not look pretty out there. Watch tomorrow what effect it will exert on the US market.
As always, I stand in awe of your brilliant analysis and most of all, your profound knowledge of Russian culture. Your Tolstoi, my Levitan.
Regards |
