Recession in Japan. The importance of NOT doing stuff. OPEC. And more.
Click here to access Option Block 388: Japanese Volatility
Trading Block: U.S. stocks open lower as Japanese recession weighs. American markets poised for a pullback after four straight weeks of gains. Japan shocks as economy slips into recession. Cracks widen at OPEC as oil prices tumble.
Odd Block: Size combo in Standard and Poor?s 500 Index (SPX), puts trade in iShares MSCI Japan (EWJ), call traders in Buckeye Partners, LP (BPL)
Xpress Block: Today was stock pickers day. OX named one of the top 100 places to work by the Chicago Tribune.
Strategy Block: Uncle Mike talks about the importance of doing stuff, BUT also the importance of not doing stuff
Around the Block: Keeping an eye on the unease in Japan, especially with regard to forex, the Yen and the Euro in particular, and debt instruments. VIX indicates a lot of concern in the market. Will OPEC hold the 70-level? Premium sellers aren?t there right now.