Looks like it was a good thing that futures closed at 11:30 EST time as they tanked and looked like they were heading to ultimate support on the news out of Japan courtesy of the WSJ;

"Data released early morning Asia time showed Japan's gross domestic product contracted 3.3% during the October-December period from the previous quarter, more than the 3.1% forecast in a Dow Jones Newswires poll. It declined 12.7% on an annualized basis. The double-digit drop marked the economy's third straight quarter of shrinkage, and was the fastest contraction since January-March 1974."

I suspect this dip get bought in the morning- if not tonight.


Anonymous Anonymous said...

I certainly HOPE SO Dave... so I can short higher... The crappist thing would happen is if this thing just dive WITHOUT any bounce... then I sold my SDS too early! Damn!

4:22 PM  
Anonymous Anonymous said...

For the dip buyer, please read this, you guys are done... we will get nuked...



9:52 PM  

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