Big day for bears they are coming out of their caves Tradetim of slopeofhope will have a huge blog post about how this could mark the 'end' of the bull market and use a bunch of useless log charts with funny lines to illustrait his point.
No. Depending on who is doing it, twirling a baton can come across as unseemly. However pom-poms are irresistibly fluffy. They're universal.
We will get a reversal on the YM in a few minutes as people have to deleverage at the end of day after the huge and highly motivated run down...
yah but i can use the baton to beat the crap out of joe-retail who bough into all the china hype from cnbc
<i>"why there is sudden down?"</i> Well, let's see... #1: China stocks get a dose of reality as inflation affects China and the U.S. via commodities. #2: German central banker reiterates ECB is focused on containing inflation above all else, i.e. no rate cuts (or perhaps subsequent hikes?) as commodities spiral straight upwards. No ECB / BOE cut pending pressures Bernanke & ilk to either stand pat or retract the latest cut with their own hike before next series of rate cuts can begin. I wonder how an end to cheap money = lower rates might be interpreted by world indexes? Hmmm... let me pull up the charts for this afternoon and see how everyone feels about this...