We have a hocus, pocus, dominocus situation unfolding in Brazil.
Look how fast the markets changed this morn on the news. S&P futures went from real negative to real positive, quicker than Jimmy Johnson changes his mind! <LOL>
Looks like the US, through the IMF, has promised to stand behind Brazil, if it takes it's medicine.
The raiders, like George Soros, have probably lost big $$ because Brazil is NOT going to defend it's currency, which they could not do anyway. So, that takes immediate pressure off of their markets, and helps out our multinationals & banks. This is the work of Robert Rubin, a genius move.
So, our markets stay up, for now. We can still play long today!!!
Brazil is still in deep sh*t, but for now, we have liquidity...
So, they are telling us are markets are still supported, so things will run for the near future, and that could be a day, month, etc., who knows anymore, as things happen soooo fast...
I will try and play some of the new MKTW ipo today. Me and everyone else, I suppose!! (2.7 m shares or something, out at 17. Bet it hits 100.) |
