Europe holds the key and unfortunately the key is broken PPT

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Europe holds the key and unfortunately that key is broken. So what now and whats next. I bring up Spain because Spain is in trouble and Spain is too large to fail. Greece and Portugal is small potato. Spain is a whole meal. Spains unemployment is now almost 23% and increasing with no end in sight. Spains housing market is going lower and lower with no end in sight. Now 14 consecutive quarters of dropping prices. Foreclosure rates are going up and the Spanish banks are insolvent if they had to mark all properties on their books at current value. By the way so is the US banks. The US should really pay attention to what happens in Europe because what happens there will happen here. The PIIGS has learned that they can take the other countries hostage and just do nothing or very little until they get some help. The less they do the more help they get. Crazy. But England got it figured out and they put the foot down. Soon other countries will figure it out. Sweden will probably say no as well. Why throw good money after bad money. Voters in stronger countries like Germany will not sacrifice their standard of living because citizen in the PIIGS countries are lazy and living above their means. Germany’s dilema is should they take a big loss now or an even bigger loss in the future. The old saying your first loss is your smallest loss can be used here. In reality Germany will probably give just enough to keep them alive for  while longer RE: Kicking the can down the endless road. If Spain’s banks goes down and they need to nationalize the entire card house will start to crumple. Portugal is already in a worse situation. European leaders are stepping in quicksand and they are getting deeper and deeper into trouble and I’m having a hard time seeing how they can get out of it without having to re-set the entire economy. This will guarantee a slowdown that will roll over to China and then to the US. RE: Cramer DEFCON 2. Either way. Strap yourself in because it is going to be a volatile ride. Fortunately 12631 traders with help of PPT can take advantage of these wild swings. I will try to trade the top and bottom with strict portion control to manage my risk and I think we will be able to bank a lot of coin in 2012. Buy every dip and sell every rally. Buy fear and sell euphoria. I have traded The PPT O/S and O/B all year very successfully but not as disciplined as with the new system. Already up 16%+ for the year and look forward to do even better in 2012.

3 Responses to “Europe holds the key and unfortunately the key is broken PPT”

  1. Nice post.
    Thanks for contributing. #12361

  2. Learn english

  3. UP-DATE ON SPAIN: Rajoy approves the biggest cut in history and a large tax increase

    The deficit soars to 8%, making it necessary to cut 36,000 million in 2012

    http://translate.google.com/translate?sl=auto&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&layout=2&eotf=1&u=http%3A%2F%2Fpolitica.elpais.com%2Fpolitica%2F2011%2F12%2F30%2Factualidad%2F1325253634_099393.html&act=url

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