It's first light in Japan now--it may be a glowing. Or, if we're all lucky, the power will be restored to reactors allowing for water to be pumped cooling things down. If not, then there's a meltdown with unknown but certainly bad consequences.
At the same time, in MENA things are truly violent with primitive sectarian (Sunni/Shiite) strife. In Libya, the leaders in the west don't know what to do. The president is AWOL and the secretary of state is befuddled. This may come off as partisan but it seems fair to me.
If it's business as usual, we'll note a reaction to Jobless Claims, CPI (snicker), Industrial Production, Leading Indicators and the Philly Fed. Most of this will be old news obscured by current conditions in the headlines.
I haven't a clue as to what will happen just admitting that our Lazy Portfolios are hurting but elsewhere we're either in cash or mildly short.Let's see what happens. You can follow our pithy comments on twitter and become a fan of ETF Digest on facebook. Disclaimer: Among other issues the ETF Digest maintains positions in: EFU, EFZ, EUM, EEV, GLD, SLV, VT, MGV, BND, BSV, VGT, VWO, VNO, IAU, DJCI, DJP, VMBS, VIG, ILF, EWA, IEV, EWC, EWJ, EWG, EWU, BWD, GXG, THD, AFK, BRAQ, CHIQ, TUR, & VNM The charts and comments are only the author's view of market activity and aren't recommendations to buy or sell any security. Market sectors and related ETFs are selected based on his opinion as to their importance in providing the viewer a comprehensive summary of market conditions for the featured period. Chart annotations aren't predictive of any future market action rather they only demonstrate the author's opinion as to a range of possibilities going forward. More detailed information, including actionable alerts, are available to subscribers at www.etfdigest.com.
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