Here we go again….yesterday equity markets had some hope, but Merkel has decided to reiterate negativity with a belief that EU bonds will not solve the problem.
So far equity markets are ignoring her comments.
Comments »Here we go again….yesterday equity markets had some hope, but Merkel has decided to reiterate negativity with a belief that EU bonds will not solve the problem.
So far equity markets are ignoring her comments.
Comments »Despite high unemployment and public protests Greece is moving forward with more austerity measures to instill confidence that they will do what is necessary to stay in the EU and receive bailout tranches.
Comments »While there is still no confirmed resolution, law makers are considering a range of options and Geithner said yesterday that the EU has within their grasp to solve the problem themselves. If not there is help and money to be tapped from China, the BRICS, and the U.S. if absolutely needed.
Comments »That is Grice’s fair value call. A more conservative estimate is 1/4 the DOW Jones average which would put us at $2,200-$2,500….
Gold currently down $19 @ $1,807
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“No urgency to raise them until the global recovery strengthens, weakening the local currency it called overvalued.”
Comments »Bots are telling you right now that risk is on.
The U.S. markets were resilient the past few days.
UBS makes the case mathmatically why it would be a simple fix for BRICS to buy Euro debt.
China announced they would consider buying debt.
As fucked up as the EU is they are still trying their best to work things out.
CNBC announced Geithner will attend the next EU meeting. As mentioned by them he is an expert on TARP. Something Europe could use to keep the party going.
Are problems solved…hardly, but the markets want to rally and some breathing room has been provided. Don’t forget the clam meets next week.
So it looks like risk on for now. Looking for a potentially rally up to 1240-1250 S&P.
If you want to play it safe think ETF. I bot TYH, TNA, and believe it or not FAS.
GLT
[youtube:htp://www.youtube.com/watch?v=dHTPdbpogRE 450 300] Comments »“China is willing to buy bonds from nations involved in the sovereign debt crisis, National Development and Reform Commission Vice Chairman Zhang Xiaoqiang said in an interview with the media in Dalian yesterday.
China is willing to offer assistance, Zhang said without elaborating, adding that Premier Wen Jiabao made similar remarks earlier, according to a transcript distributed on the planning agency’s website yesterday evening. Caijing magazine attended the briefing and published an article earlier.
Wen, speaking at the World Economic Forum in Dalian yesterday, signaled that that developed nations should cut deficits and open markets rather than rely on China to bail out the world economy. China can best contribute to the global economic recovery by ensuring steady growth at home, he said.
“Countries must first put their own houses in order,” Wen said. “Developed countries must take responsible fiscal and monetary policies. What is most important now is to prevent the further spread of the sovereign debt crisis in Europe.”
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Today’s meeting produces largely nothing other than quelling fears that Greece would not get kicked out of the union.
Never thought they might get kicked out, but rather default and bow out if anything.
Sarcozy and Merkel issued a joint statement that they were “convinced Greece’s future is in the euro zone.
Putting into place commitments of the (bailout) programme is essential for the Greek economy to return to a path of lasting and balanced growth,”
Comments »Carey from Frito Lay a strong division will head up the beverage unit to better compete with KO.
Comments »Some shareholders are recommending a clean house approach to reshape the company.
Comments »So Austria is not rejecting expansion of EFSF, but rather a fast track vote on it. Markets are hopeful of a meeting taking place with Germany, France, and Greece.
Comments »How can these countries really come together and act decisively and quickly ?
Comments »Doubt it unless the come out with a TARP style program….
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