To gain an edge, this is what you need to know now.
Momo Crowd Buys The Dip
Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX).
Note the following:
- In the Morning Capsule, we wrote:
In the U.S. stock futures first fell, and then the momo crowd aggressively bought the dip. Clearly, the momo crowd has no comprehension of the earthquake that just occurred.
- The earthquake was news that Bank of Japan is abandoning its present yield curve control. For details, please see the Morning Capsule.