It is very sad that people actually vote for the inexperienced and incompetent. God help the US citizens.
This is not a good sign. Refer to EWI, EWP, GREK.
I am both long and short but European stocks should be doing better than this. They are all down more than 20%. This is very sick.
There are articles on the web about Europe banning shorting on the European banks.
I was short when SPY was at 215 by selling calls. Now, it is dangerous to short because market is oversold and the pension funds will move it up so they can survive. It is a small group of algo's that control this market and it can move either way. It is not Soros and company that control this market but the large institutions. The move up in the afternoon proves that there are buyers out there.
Soros has been wrong many times. I'm both long and short and thinking China has bottomed.
Actually, the RMB problem may be solved now that the USD is tanking. I'm long China. They have a surplus and US has a large deficit. The P/E of FXI is less than 9. and the P/E of SPY is 17. China has more growth than the US. China has a lot of local debt but it can be restructured. The most wealthy people in the world are the Chinese that buy all the luxury housing in cash.
We are in a recession because of all this debt. Zero rates was the worst solution to the debt problem. Yellen's days are numbered and she may even have a heart attack tomorrow because the GOP is going to crucify her tomorrow.
They deserve something much worse than waterboarding. They made the global population suffer with zero rates for years and forced them into risky investments. There should a class action suit against them.
The Fed knows that an inverted yield curve must be avoided but this is what will happen if they raise rates. They destroyed the economy with their QE #$%$ and started currency wars globally. They should all get the death penalty.
NFP will be bad tomorrow. Good for commodities and markets.
They are selling puts on FXI today. Someone knows something.
The Jan 29 Call options say that Japan will move up 2% tonight. Japan will be buying equities and God knows what else.
This is very scary. Nobody wants to invest in stocks anymore. What else is there to invest in? Overpriced housing that is in bubble territory?