Pre Market

The world is ending. Or atleast thats what one would think looking at the Asian equity markets. Europe is holding up better though still bearish.


Economic Calendar

GDP came in at 3.4% which is better than the 3.2% consensus.The price gauge sowed lower inflation which is a plus.

Volatility in debt markets is becoming a problem as Cadbury Schweppes delays the sale of its US drinks division. This come son the back of KKR failing to find buyers for $10 billion of debt to purchase Alliance Boots Plc.As buyouts fallout, we could be in for some serious downside.

There is a lot of bearishness out there. Dennis Gartman is out on Bloomberg claiming this to be the start of the bear market. He came out on CNBC before to proclaim the February 27 plunge as the start of the bear. Who knows, sooner or later he may be right. When sentiment gets overly bearish, it pays to take the other side of the trade.

Gold and Silver continue to fall lower his morning. The Dollar continues to move higher. The Yen is weakening a bit.

CROX is soaring in pre market. AMGN NFLX TASR AAPL BIDU VDSI are some names that are looking good.

A lower open is expected on the indices today. if yesterdays lows hold, this may prove to be a good buying opportunity atleast for a short term trade.