Is the ASian pump finally over?
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Japan and Korea both overbought and appear to have rolled over. Could this be the end of the vaccine pump?
We'll find out later this week, but I would count on Asia to pump futures for the rest of teh week.
We'll find out later this week, but I would count on Asia to pump futures for the rest of teh week.
Nota
LOL, apparently not. Nikkei up another 1.7%. This is about the most ridiculous thing I've ever seen Asia do.Keep in mind they already had negative interest rates and they're still facing deflation. So to hit ATH on a parabolic breakout is just insane. Not to mention that they're usually good at looking at fundamentals and valuations (except the Chinese, they're just pumptarded.)
Nota
Also as soon as I got done typing that previous comment, Asian markets turned around. Nikkei finished up only .5%, KOSPI (Korea) actually finsihed in the red. Every Asian market finsihed below the gap up.
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