But we can't stop this burnin' desire
--Donnie Iris
Market volatility picking up. Big swings in gold, silver yesterday. Ten year sold big yesterday, with yields back up to top of recent range. SPX reversed off its highs yesterday and put in a 40+ handle range.
Big news last night was Japan, with Nikkei down over 7%. Of course, the Nikkei was up more than 50% in the past six months and was going parabolic, so this may be just a 'healthy pullback.'
Thus far this morning domestic stock response has been muted with indexes climbing off open of about -1%.
Remains to be seen whether this higher volatility is just a blip or portends something significant.
position in SPX, Treasuries
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
1 comment:
Dr. Serizawa: If my device can serve a good purpose, I would announce it to everyone in the world! But in its current form, it's just a weapon of horrible destruction. Please understand, Ogata!
Hideto Ogata: I understand. But if we don't use your device against Godzilla, what are we going to do?
Dr. Serizawa: Ogata, if the oxygen destroyer is used even once, politicians from around the world will see it. Of course, they'll want to use it as a weapon.
~Gojira, aka Godzilla, 1954
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