Monday, June 3, 2013

Two things, the economy this week and false redirects

I just deleted what I was going to post and will start over again.

The Telegraph - BIS records startling collapse of eurozone interbank loans. Okay, this is literally the news before it is news, this is what is coming out of England now.

ZeroHedge - Japanese Stocks Down Over 2% At Open; Nikkei 16% Off Highs. It is Monday morning and the Dow has not opened; but, things are already getting crazy. Take a deep breath and relax.

Expect high volatility in the stock market this week and don't sweat it. I have been saying for two weeks to expect volatility. If you are a regular reader then don't worry. This is a time when the sheep get sheared by the big guys, that is purpose of volatility and options. Don't play the options.