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  • Chinese SmallCap Mania Returns [View article]
    Actually, the Goldman news was sold, and the combination of the Wells Fargo short squeeze last Thursday followed by the Goldman news yesterday may have been the blow off top for this intermediate move higher that began off the March lows.

    The economic data both here and abroad has been miserable, and there will be more shoes to drop. Significantly, the folks who follow the corporate bond market haven't seen much improvement in spreads.

    On the other hand, China and other more vibrant markets may trade better than the US, Europe or Japan. In fact, I'm currently trading around being long various emerging markets and being short the SP500 (SDS) and US financials (FAZ).
    Apr 15 00:07 am |Rating: +1 0 |Link to Comment
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