US Markets no longer listening to Charlie Gasperino-Asia dumping-red futures oh pain!

nikkei down 3.80%

sensex down 3.4%

hang seng down 3%

 

Just jumped .10 to 100.20

 

I saw 100.02 then all of a sudden the thing just took off. Looks like 100 will be the battle of the century.

 

I bet we break that point once the majority of the Asian markets close.

 

Buy at the open tomorrow.

 

It's probably Jap PPT. It's going to be hard though.

 

nm

 

It's just a dead cat bounce. Maybe we'll get sub 100 tomorrow. I'm done for tonight.

 

I honestly think the Fed played it's last card with the 200 Billion on Tuesday. That's it. Game over. It knows it cannot continue to sacrifice the dollar, and it knows further cuts are now not what the market wants anyway.

I wouldn't be surprised to see some concerted effort between the world's central banks to stem the tide of the dollar soon.

 

bad news is, that for 200 billion, all we got is 15 spx points

good news is, at least 200 billion really isnt worth anything anymore