270410 Asia Morning Analytics: A cloudy moment

Morning readers

Looking ahead for performance today, overnight's move clearly suggests a short squeeze from us frisay afternoon that took its optimism into monday's asia squeeze. However, we should remaiN extremely cautious at this point in time!

Overnight development clearly points to the fact that sec has done it's homework to pin down gs's deal. Thus this will remain one big question to the stability of market! This is extremely evident by the cds spread jump on the financial industry.

On this note, would like to make today's post short. Looking ahead, I remain to hold a bearish tone over near term moves.

Ongy out.