why there is sudden down?

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.
 
Quote from chsbla:

screw the pom poms, twirling the baton is a lot better
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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...
 
Quote from Thunderdog:

No. Depending on who is doing it, twirling a baton can come across as unseemly. However pom-poms are irresistibly fluffy. They're universal.
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dont forget the little skirt....then again he might already be wearing it.........:p
 
Quote from Thunderdog:

No. Depending on who is doing it, twirling a baton can come across as unseemly. However pom-poms are irresistibly fluffy. They're universal.
More...

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...
 
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