Coiling?

Yesterdays Chinese happy talk Rally ended faster than an MSG high from some General Gao's Chicken. Truth seems to be that the Communist Chinese artfully dodged the whole currency manipulation issue at the upcoming G20 summit by jawboning, talk is cheap show me the mooshi beef!

I think we are a pretty critical juncture in the markets right here.

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Once more unto the Breach?

The tape sense that comes from trading this market Mano a Mano for the last 13 years is hitting me hard in the gut right about here. Having managed the hopes and dreams and retirements of flesh and blood folks whose living rooms however opulent I have planted my ass I sweat over every decision, I am sweating right about here.

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ES_F 1044 Kiss me once Kiss me Twice Kiss me deadly?

Truly horrific for the happy talk crowd today. After sprinting to over triple digit gains within the first hour, reality or gravity set in and by the bell, most indexes were hard on the lows of the day. Much is being blamed on rumors of Chinese re evaluating Euro Bond Holdings, seems dubious that the Chinese would leak such information. Perhaps at a minimum the market is in need of a well deserved rest. Perhaps Europe, tightly wound into the global economy is a true calamity waiting to happen, and the necessary austerity either will happen choking growth or wont happen which is worse.

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