Good Tuesday morning.
It looks to be quite the week, starting with a wee bit of a gap down this morning.
I’ll have a post up assessing the global Big Picture (pun intended)
before 8 EST later today. Then, at 9am or so, the latest Apprenticed Investor column goes up at TheStreet.com titled, "Why Guess the Bottom?" Tomorrow, I am scheduled to guest host Morning Call on CNBC from 11am to 12 noon EST.
Finally, if you haven’t done so yet, go read yesterday’s So Much for the Decoupling . . .
I assume that readers of this blog do not need to be told not to panic or do anything reckless. (Gee, where did those frothing uber-bull trolls in comments go?). If you want to gamble, use a tiny amount of cash to dabble in some
long dated calls — but days like today are no reason to attempt any
Note that the CME overnight limit on US futures are as follows:
DJIA 650 points
S&P 500 70 points
Nasdaq 100 105 points
Russell 200 37 points
That’s the most they can drop before they are "locked, limit down."
Future via Bloomberg