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Non-Tech : Bill Wexler's Trading Cabana -- Ignore unavailable to you. Want to Upgrade?

To: RockyBalboa who wrote (5852)	7/29/2009 6:33:45 AM
From: RockyBalboa	1 Recommendation Read Replies (1) \| Respond to of 6370

Chinese markets dropped between 2% and 6% today, on bubble fears. The official endresults for Hongkong and mainland (-2.3% and -3.5%) may be misleading as the market was in fact, down threehundred points more but there was painting at the bell. Against this backdrop and before U.S markets open red, European, mostly german markets have been manipulated upwards by 2% as sheeple continues to buy. After I watched the propping awhile, I took the invitation and shorted futures there. Expect them to go flat by the mid of the US session. They have not seen initial quotations for the U.S. market, which are mixed at best (or 6% off, like Arcelor-Mittal). (Dax at 5270, ESTX at 2606) There´s always a story for things like that. Since people were obsessed with china stocks but spooked by the volatility, recently they pull money and put it into stocks, rather than bonds. And where, well since European stocks are laggards having underperformed other markets they try this.