Anyone watching the Nikkei?

Well, at least overnight, there were some bottom fishers on the Nikkei. I'm not sure how Wall Street is going to react but I covered my overnight shorts on the Russell.

I hate picking bottoms but I feel confident that Nikkei is nearing one. Someone's going to realize that although cheap money might be coming to an end, it's not going to be an abrupt end. I don't think Japan will raise rates nearly as fast as our "hawkish" feds are.
 
Back
Top