yea.. Fed, up until an hour ago, was still acting as though we were in an economic recovery with good nominal growth. The main change is that nominal growth is in real doubt and global recession is a real notion going forward...CAT just slated 30,000 layoff of jobs. CAT been the harbinger for a while now..
out of some es at 1887 short dec nikkei at 17465, hard stop at 18000...still have exposure to short side on equities and with the yen breaking out of the top of the range, better bet than shorting es imho
OUT OF DWTI AT $115.... WHEW BOUGHT MORE LABU AROUND $15.50 BRINGING MY COST AVERAGE DOWN EVEN MORE!!
This thing ought to be trading much lower than aug lows now, a large chunk of the market is already lower than those levels, market breadth is just terrible.