Whereas the U.S. markets are fairly moribund (case in point: the NASDAQ peaked four MONTHS ago and has been grinding around ever since), overseas markets have gone absolutely ape. You can see this by way of just about any country fund and, broadly, via the EFA:
Individual countries are even more explosive, with markets like South Korea moving up 2% and 3% on a daily basis.
Since I can’t help myself, I shorted the bejesus out of EFA at 105.06 with a stop at 105.25 this morning.
