Europe is shitting the shower, following a “successful” Italian bond auction. However, that was accomplished through the efforts of the ECB. The Euro is cratering, down by more than 1.2%–sending shockwaves across our futures. The result is a much stronger dollar, treasuries and fucked up gold and silver pinless hand grenade action.
Thanks to the perverts in Europe, we will likely give back everything we gained on Friday.
However, don’t let the Debby Downers get you down for Zynga is coming public this week. Need I remind you that GSVC owns a piece?
At any rate, the “Pandemic People” over in Germany are “winning” in a Charlie Sheen sort of way. By the time they complete their victory, the entirety of Europe will be a smoldering pile of shit. Having said that, Intel just warned because of Thailand. I am not so sure that is makes sense to believe Thailand is the real reason behind this fuckery. Let’s just assume the world is stupid and we need to make smart trades.
NOTHING is long term, not even your life.
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