Sunday, March 6, 2011
In the March 5th posting entitled "24hr chronology: Stock markets & Sheep", we wrote and predicted the following...
"US investors realized Friday they have no clue what's going on... So they pulled their money out... And Asian investors- well they wanted to copycat but couldn't because their markets were closed for the weekend."
"Ants & Grasshoppers" is correct again...
As of 9pm EST Sunday 3/6, (10am Mon 3/7 in Pacific rim nations):
Japan's Nikkei 225 -- 10,536 (-158)
China's Hang Seng -- 23,306 (-103)
The Asian markets are dropping specifically as a catch up to the US and European markets dropping on Friday because ignorant American traders and investors were just so positive the latest jobs' report would re-affirm 'Recovery'
The stock market is a game for sheep
Posted by Susquehanna at Sunday, March 06, 2011