Thetalksofunwindingofyencarrytradeandhedgefundpositions,etc,plusconcernsoverUSeconomicgrowth,madeDowplungedover200pointsatonetimethismorning,atypicalchangeofmarket’ssentimentfromhyperoptimistictohyperpessimistic.TheUSeconomyisactuallydoingok,judgedbythismorning’snumbers:
Growth:Afterthreesub-50readingsinfourmonth,theISMindexinFebruaryrisingto52.3,fromaJanuaryreadof49.3%whichwasthelowest...[
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