Sup Stock Market

There's been a lot of rumors flying around. (It was a Citi SPU order. It was a Citi P&G order typo. It was a Citi algo. It was a global macro fund algo. It was the Vs.) We'll eventually know, but the why doesn't honestly interest me all that much. I think the big thing in thursday's activity was not so much the blip lower but the ~4% move down BEFORE the blip, the HUGE swings in currencies BEFORE the blip, and the beginning of a real raping of the Nikkei.

Friday's continued, albeit weak, selloff is, well, more of the same. I'm pretty cynical concerning where this will take Europe and Korea, but as for the Japanese and US equity markets, I'm not sure all of the current Europe debt drama is THAT bad.