Japan Has Me Worried

I'll feel much better about buying when I see one thing: lower volatility in the Nikkei.

The huge swings in the Nikkei are clearly pushing on domestic equities. We are catching a bit of a break today with the monthly employment report due tomorrow. This will be a tricky number, although consensus seems to think most folks are positioned pretty conservatively into the number. So, contrarians will want to look long into the number. It is certainly risky. It it is a lotto ticket, and if one wants to take it then why not just use some slightly-out-of-the-money call spreads on something like the Direxion Daily Small Cap Bull 3x Shares (TNA) or one of the really beaten down index ETFs like the Real Estate iShares (IYR)?  If so, only risk what you would be completely willing to lose. ...219 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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