ADIOS SARKO!

Only a miracle will save Sarkozy, reports CNN. But he doesnt deserve a miracle as most disillusioned constituents cast their votes for Hollande. 


The market reacted with this change as well as the gain by the anti-bail out groups in Greece. I expect the US markets to move into the negative territory again for the third straight trading day! Asian and European markets too were down at open. There were more decliners than gainers in the PSE(136vs36) and index was down -68.02. Consequently, my stocks took heavy losses.

For the US Markets,  it will gonna be a steady decline happening towards  the end of May, even if the Fed will launch QE3 "officially". I'll be repositioning my portfolios for more put options with expiration in June or July this year... or some short positions. The world will enter into a recession as there will be a confluence of economic/financial chaos factors. The best thing to do is: TRADE WITH CAUTION...OR BETTER STILL SELL AND STAY LIQUID!