Sunday, November 11, 2007
Sympathetic Selling in Asian Markets
Hold on to your hats folks, we are in for continued spread of fear and panic when US markets open in just over 13 hours. Nikkei is down 2.4% and the remainder of the Asian indices are following suit. Yen continues to gain on the dollar destroying the "Yen Carry Trade". Will the US market bounce or continue to go down parabolically as it had done the other way for the past 2 months? I continue to bet a market melt down. There is nothing that can stop the recent downward trend.
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