Yesterday I have read an article in The Guardian that even the EU leaders were surprised of the Friday rally: “We were quite surprised that the markets reacted as well as they did on Friday,” EU officials said on Sunday. “We thought they would really tank and there’s still this legal uncertainty hanging over the Continue reading →
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Europa: once again an important “nothing” came out
Here we go again. How many times have we heard the same proclamations out of the European leaders summits? Investors are hoping for leaders to give them a solution and they take every word those politicians say very seriously and – overreact. So what we have heard so far? Nothing actually. Every day we hear Continue reading →
Market rallies on utopia
Last night, the European leaders tentatively agreed on national budgets controlled by Brussels. I cannot imagine Greeks, British, Spain, Czech Republic, Slovakia or other European countries with historical animosity towards Germany and each other allowing anyone telling them what they should do with their national budgets. Also, the agreement counts on lowering the deficits of Continue reading →
SPX turning down
Interesting market these days. I couldn’t believe what I saw. Using common sense everybody could see that this rally is not sustainable, yet the market was rallying. Maybe it is due to a fact, that vast majority of mutual fund managers are under-invested, they missed this rally and they are terribly under-performing. Scared they may Continue reading →
Be aware of next bubble to burst
There are many many news media out there excitedly creeping around “finally solved” or “European hopes” bushes (read: news). The news media such as Yahoo or CNN Money are among them. Almost worthless to read it! However, you can find commentaries out there that are not that optimistic and that are providing with more realistic, Continue reading →
How are you positioned in this market?
Today the central banks claimed their will to allow unlimited access to dollars for whoever needs them. Don’t be too excited. It will not be you or me who can ask for the new printed money. It will be given to those who spent them recklessly and now need a bailout. How often have we Continue reading →
Germany is seeing debt crisis problems
On Wednesday Germany offered a new set of 10-year bonds on Wednesday’s auction for about 6 billion Eur. Due to lack of interest from investors, almost 3/4 of of the offer wasn’t sold. One reason could be the upcoming holiday here in the US so the volume was low overall. However as Reuters mentioned this Continue reading →
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