What a red day!!!

Yesterday the fear ruled all markets, fear about the FED scales back the QE(not Qquen Elisabeth), bond buying program. Indeces turned into red.

Huge decline on the whole day. For dow jones this was the biggest intraday drop since last november. The remarkable thing is that the volume was huge, the second biggest in this year. The market switched into RISK OFF mood. But during the night Asia recovered and Nikkei made a nice gain +1,66%.

Technically the Dow still in consolidation pace. We have to see some breakout and then react. But every bad news is bad news only for two days. So lets see today what does the market in US session.

Anway. In the last few days riot occured in Brasil too, after few weeks of street battles in Turkey. New development that after Greek, Spain where the mass goes against the austerity and political elit, status quo, Brasil and Turkey are both very strong economically, has been increased massively GDP in the last decade. The prosperity makes higher life quality for an avarage citizen too. It seems to me now the middle class wants to get more political power, can be this is the reason. This is my bet.

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