Tuesday, May 25, 2010

Time to break out the Dow 9,000 hats again?

Well, the global equity sell-off has picked up steam around the world overnight. Most Asian markets were off 3%+ and Europe is down 3%. We'll see if Optimus Prime can save the market again, but it looks like we're heading straight down to the flash crash level of May 6th. If we get there on increasing volume it could be a very negative sign for the market.

Stay tuned....

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