In this bizarro world, there was a coordinated global rate cut of a 1/2 point this morning. The futures were up and have sold off. European markets went negative after the news. Nikkei dropped 9.4% overnight the worst selloff since 1987. If yesterday wasn’t capitulation, today is probably going to be. It flat out sucks [...]

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I’m posting this Friday rundown a little late. Hey its Monday, Memorial Day, and so here it is.
My index funds and TWM position took a hit as the market went up and I was short. However, I did make a flip at the end of trading to the long side.
I see the Chinese Markets are [...]

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As of this post:
Nikkei down 3.6%
Hang Seng down 2.99%
Australia down 2.3%
Lets see how the US markets open this morning. It could be a gap down type day.
Currently happy to be short.

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Nikkei had a nice run last night based on the prospects that Japan’s economy is firming up. Our EWJ position is up 1%+ this morning.
“The Bank of Japan’s quarterly tankan survey of business sentiment Monday showed optimism is improving, though confidence dipped slightly among large manufacturers, who were unable to pass higher raw-material costs along [...]

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Bought some EWJ today. If you don’t know, the EWJ is the Japan iShare.
The iShares MSCI Japan Index Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of publicly traded securities in the Japanese market, as measured by the MSCI Japan Index.
I bought it based [...]

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