Market Updates – The Big Plunge on Friday

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For the past 2 weeks, we have been calling shorts on all the major stock indices, as well as on the EUR/USD and the CRB Commodities Index. The latter has also led us to call shorts on many commodity stocks, including Sakari and Olam.

2012Jun SP 500

2012Jun Straits Times

After the negative jobs data on Friday, and the US markets plunging, it is no surprise that the markets will open bearish on Monday. If the market gaps down significantly, I might consider taking some profit.

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