Greetings from Tokyo!
It is 730 pm Friday night here in this great city. Yes…we are 13 hours ahead. Jet lagging and jet dragging right now. Just a brief but nauseating note on yesterday. It sucked. Whenever markets are up big and give it back, we consider it as a day where the buyers could not hold as sellers took over. It is quite noteworthy that markets cannot get a head of steam considering the oversold condition. Fake job’s number out at 830 am your time. We see futures also not thrilling. We will have our usual award winning weekend report for you. Do not miss it as we have been nailing this bear market for you. This continues to be a classic textbook bearish market with no leadership, anemic bounces that only last a day or so but still plenty of hope and prayer.
Gary-appreciate your staying in touch while in Japan. No shortage of red ink in the wake of the jobs numbers this morning here in the states. I’ve been out of the market for the last month so watching with curiosity instead of dread. Have fun and enjoy your trip. We’ll hold down the fort for you.