I imagine many portfolios will be getting hammered today and no least mine, regardless of what it is we are going to see some heavy losses today. Now the question is will this be a short term thing or where we going to feel the repercussions of this for some time to come. We are gaping down 3-5% on many indices and so I think the best course is let all the weak holders get out, then see if there is some sort of rally to maybe find a good price t get out on some as ideally I would like to have minimal exposure, and react on a day to day basis rather then try to second guess what going to happen next.
Markets have been extremely busy this morning we massive volume and volatility pushing these markets around. Fixed income is expectedly very bid although spreads have been ranging nicely. For a day trader these are very good markets as there is plenty of opportunity around to scalp in and out.
Not much in the way of data today so it will all be about developments in Japan.
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