This looks like capitulation here. Aggressive selling, fundamentals thrown totally out the window and the whole thing looking rather ugly.
Unfortunatly I'm still long SNDK which is getting smashed, I'm hoping for some type of a big rally where profit taking occurs and we get a snap back in stocks so I can exit, as I think this has a long way to go. These snap backs can be as aggressive as the move down so be aware.
Bunds touched 134 again today, and Gold soaring to new highs, and on top of this we have riots in London, where it seems these thugs have just total disregard for the law. Things looking glum right now!
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