Look out below, Tokyo edition
Posted by Charles II on February 9, 2016
The problem seems to be that people are afraid that oil companies can’t pay their bonds, and that banks, especially European banks, will fail. In any event…
(Image from CNBC ca. 1:30 AM Eastern).
Dax looks to down 3%, S&P -0.8%.
Expect an ugly start to the day–and the Year of the Fire Monkey– unless the ECB issues some guarantees. One source says:
Monkey is a smart, naughty, wily and vigilant animal. If you want to have good return for your money investment, then you need to outsmart the Monkey.
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