The market risk appetite is waning after the Dubai situation. This will lead a more volatile market and more pressure on commodity and stocks. One wild card is Iran. A strike by Isareal will have a very negative impact on stocks but will help oil.
The investment connunity right now has a mentality that government will step in when thing go wrong. It is very unhealthy and the moral hazard is high.
The asia market is up and European market is down. The north American market probably will have a relief rebound today.
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