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Archive for October 27th, 2011

Posted by Martin October 27, 2011

Farage: EU agreement is not bailing out Greece, but keeping it in prison

Posted by Martin October 27, 2011

Did EU summit solved the debt crisis in Europe?

The financial market is now enthusiastic about the deal the leaders of European Union reached in overnight summit. The Dow shot almost 4% up today. I, however, wonder how the (today) optimistic investors will react when the actually read the agreement and find out that it was a very vague proclamation solving nothing. I bet Continue reading →

Posted by Martin October 27, 2011

Is this market sustainable?

Some say do not fight this rally, we broke up and running, some say this is not sustainable. Stocks around the world are exploding higher on Thursday after Eurozone officials announced a deal they hope will forestall, if not prevent, a financial meltdown in Greece from spreading throughout Europe and perhaps infecting economies around the Continue reading →

Posted by Martin October 27, 2011

Market jumps 2% on European phrases and proclamations

I wonder if anybody read what was the outcome of the overnight EU summit. As many experts expected, the EU leaders came out with empty phrases and proclamations and no details. The report of the meeting is just three pages long. Generally, EU talked banks and lenders into writing off 50% of the Greek debt, Continue reading →