Buy the Dip

  • Early Asia trading is off 5% across the board.
  • Our opening is likely to be down big.
  • Today’s repudiation of our government’s plan (such as it is) and Intel’s awful guidance will cause more sellers in the morning.
  • We could get a bounce as sellers exhaust themselves.
  • The only problem with this scenario is that everyone seems to expect it to play out according to the script.
  • Be quick.