Good day… And a Marvelous Monday to you! It’s not a Marvelous Monday for the currencies, stocks, commodities, the Miami Heat, or my beloved Cardinals… Of course, those two teams will get through their rough patches… But the risk assets… Talk about getting slammed on Friday… Whoa! That was one nasty move, and so, here we are on this Marvelous Monday sifting through the ashes of risk assets that got burned on Friday.
So… Is it over? The selling that came fast and furious on Friday? I guess the only thing that stopped the selling on Friday was simply time ran out on the trading day, and with it being a Friday, there was no Asian market to pick up where the US left off… So… Saturday and Sunday brought out the calmer heads in Asia, and the risk assets of currencies and metals found a bid… Not a strong bid, but enough to wrap a tourniquet around the bleeding…
