Today's market commentary was intraday here.
I did come in and buy some of the throwaways in the first hour of trade, but I do not think we are out of difficulty yet. There will have to be a clearer signal from the Japanese government and Tokyo Electric that they have a credible and systematic solution for their nuclear power plant situation.
And then with all the liquidity being added by the central banks, I think there will be a rather sharp short covering rally. And we might even see a return to a bull market trend until the market reaches a more natural point of correction and the dollar crisis or some other more bubble specific problem occurs.
But if this situation in Japan worsens then all bets are off. And the trading is made a little more problematic because it is difficult to trust what people are saying on both sides.
