I check into the overnight trading action notice a couple weird things. The first being that the USD is up 1%+ against both the EURO and the YEN. On top of this, GOLD IS CATCHING A BID! (under normal circumstances Gold would be down)This is not natural. Good luck folks, hope you've been accumulating puts. You have to wonder about Poland right now (and Greece, and Turkey and Austria). Lots of rumblings about Ireland lately because their default swaps have started to soar.
European banks have the equivalent of the Financial Bulls 3x etf. They have 1x US, 1x Europe and 1x Asia exposure all in one nice portfolio. OUCH
Also the wonkiness seems to have subsided for the moment but gold is now +$13 to $956
