Turnaround in the Nikkei!!!! Down 575 with only 240 Declines for every 1 Advance This is a great BUYING OPPORTUNITY!
Last Monday (before this disaster) an Asian Fund Manager here said:- "There has never been a better time to buy Asian equities" Today he said "The correction was inevitable" psychopathic bullshit artists
Talk about a rush for the exits. Chasing Alpha I guess a few managers got their beta stuck in their zippers. Boy that's gotta hurt....
About 5 weeks ago I applied for a job at a broking house. Among the many stupid questions the interviewer asked me what I thought of the Hang Seng Index. I said it was 20% overvalued AT LEAST! I'm sure I didn't get the job because of my views because the interviewer said:- "We are fully invested in the Hang Seng and will be overwieght this index in a few weeks" AAAHHHHHHHHHBWAHAHAHAHA!!!!!
Even if your not trading this (any) market, you enjoy watching the free fall. It's like one of those movies where the guy is on the ground suffering from excessive pain and someone else is just watching him through the suffering and pain with a killing smile on his face. Have you seen Elfen Lied, if you haven't go watch it, it's the best anime ever, and no it's not for kids, so much violence it's for over 18. It's gonna keep falling like shit till the congress approves additional budget for another attack, nothing but a strike on Syria or Iran can turn this market bullish.
Ah yes the strike on Iran portfolio RTN, LLL, ATK etc Er maybe Lockheed and General Dynamics too Must admit I'm still laughing at Asia I've been predicting it for ages (Not here)