$Nasdaq Composite Index (.IXIC.US)$ the sell-off today is st...
$Nasdaq Composite Index (.IXIC.US)$ the sell-off today is strictly profit taking one two anticipation of what pal may or may not say and I think three it's a lot of people are unwinding positions from the huge gain because they don't want to risk what may happen next week going into Nvidia.
what today is not it has nothing to do with any Japanese currency unwinding because the dollar versus the yen is moving favorably today in their direction, it's not declining where it would create any type of margin call on their end. so if you had any concern is this part 2 of the currency unwind it absolutely is not
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35+ yrs in the trenches, raised tens of millions for start ups, syndicate ipo's, yrs on trading desk mkt maker.
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104436001 : yes. makes sense.