PRE MARKET WHIPSAW

Futures were down decently overnight and then this:

“Turkey Central Bank says it will provide all the liquidity the banks need!”

Look familiar? Feels like Bernanke is back. When easy money causes all kinds of problems, just make money even easier until bubbles are created.

S&P futures up a wee bit with NAZ futures better but you get AMZN, GOOG, AAPL up and that’s all you need.

Turkey’s problems come from gorging on easy money and taking on debt that will never be paid back. JUST LIKE OUR $21 TRILLION. But we can just print.

We just watch price and price dictates to continue to avoid emerging markets like the ones we have mentioned for weeks, if not months. Turkey just happens to be in massive free fall…stocks and currency with interest rates skyrocketing. TUR has dropped from $46 to $19 just since February.