June 13, 2006

If this isn't Panic....except?

This emerging market article from Bloomberg pretty much captures the current state of Global stock market Panic. How quickly moods can change.

What is happening globally is a one month version of our markets circa October 1987.

It is a real shame that no one on the net is really covering this well.

The global panic does not seem to be bothering US traders this morning in anything other than GOLD. I think that is a FALSE TELL and since Asia wags our tail, will push off a big US rally further still. I am surprised the traders have not pushed us down much further this morning.

Should be an interesting day indeed.

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