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
