March 02, 2008
– Comments (6)
The Nikkei going diving is getting to be a regular thing... Down over 500 so far. Doesn't look good for tomorrow.
Now down 545...
China, Signapore and Australia following suit - all of 3+%. I think we (USA) get a hit on the open tomorrow to follow suit.
of = off
unless of course Helicoptor Ben comes to the rescue again like he did on 1/22. I doubt he will this time though...
Being the perma-bull optimist and positivist I am I even wrote the markets were too high a week ago and that the only 'real' news to move the markets higher would be a solution to the bond insurers. That has already happened and there's been a charade of news releass that have kept the market from plunging further.
The Plunge Protection Team will have their work cut out.
This may be the washout that's needed to at least form a bottom. Let's hope for some good volume so I can start buying stock instead of puts.