Hope guys took the yen longs. Nikkei continues to take it in the chin as expected.
Short GBPJPY @168.14 yesterday. Looking for 162 and lower! If USDJPY breaks below 100 then I hold longer.
S&P now below 1750. The cracking noise is getting louder as support levels cave in across board.
Will RBS yet again trigger the match like back in 2008? I foresee a lot of cyrus'd deposits across euroland when the dust settled.
Last yr Cyprus proved the mattress is the new secure safe deposit box...
Bonds are still flashing. The storm is getting started.
**markets hate confessions, don't get suckered as volatility strikes hard**
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!