And now..... the rational appearThe sky was falling , the markets were in a free fall and all was going to end today.
So the Nikkei Stock index dropped 6.2% on the day and low and behold it's up 6% since the open.
It was 6 a.m. eastern time and they were calling a big drop in store for the US markets. I guess if you make enough noise and tell the sheep that the sky is falling they will believe and head for the doors.
So.... if Japanese markets ralley it means that the North Americn markets have to recover too? I guess I need to check CNN at 6 a.m.
The short position report should be out tomorrow. Will be interesting to see if there was a significant covering with a declining price.
It appears to me that there is manipulation but quite probably legal manipulation by the various hedge funds.
Wes