Check it out come Tuesday morning when the markets got wind of this trillion dollar ‘bonus’ the government just gave itself.
I would not be surprised if we crashed on Tuesday.
The rest of the world is OPEN tomorrow. I think we will be missing some opportunities to get into gold while the rest of the world scrambles. Gotta celebrate them presidents so the postal workers can practice animation.
"I would not be surprised if we crashed on Tuesday."
Lingering Doubts Over Banks Weigh On Asian Stocks
By Kevin Plumberg
HONG KONG, Feb 16 (Reuters) - Asian stocks came under modest pressure on Monday, with dismal economic data and doubts about prospects for the financial industry outstripping investor relief that a U.S. economic stimulus bill had finally passed.
The British pound fell, particularly against the yen, after the Group of Seven rich nations meeting over the weekend passed without public mention of sterling's sharp weakness or the yen's persistent strength.
The yen remained firm despite a report showing Japan's economy shrank by the most since 1974 in the fourth quarter of 2008 compared with the previous three months, weighing on the Nikkei share index. The global economy fell off a cliff at the end of last year, further confirmed after a report last week showed a record contraction in the euro zone economy.
"There is negative sentiment as the U.S. and European financial sectors remain under strain. There is still a fair amount of negative news out there," said Dominic Vaughan, senior dealer at CMC Markets in Australia.
[snip]