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Here we go again, hopes, pledges and promises

Market is growing again. On hopes, promises and pledges. A big bang is close, when those idiots in the market realize, that these are just plain promises which cannot be accomplished without hard and merciless changes or cuts.

While talk of a strategy is encouraging, the lack of details is keeping investors and markets on edge.

“There is still a healthy bill of skepticism because we’ve been here before — many times before,”said Michael Hewson, analyst at CMC Markets in London. “All Merkel and Sarkozy have done is reiterated their statements from earlier and kicked the can down to Cannes.” Investors have been quick to react to headlines concerning Europe’s debt crisis.

“Dexia passed the stress test earlier this summer with flying colors, yet here we are now, three months later, and it needs a bailout,” said Hewson. “I think that begs the question as to whether Dexia is a special case or if it’s one in a long line of other bailouts.

Well, I closed my puts on SPY and now, let’s wait for this bubble to burst.

Happy Trading!

4 responses to “Here we go again, hopes, pledges and promises”

  1. Greek says:

    Hello! I just would like to give a huge thumbs up for the great info about the stock market and debt crisis in Europe you have here on this post. I will be coming back to your blog for more soon.

  2. Joe says:

    Explain to me, (I know how the market works), but explain why these plunges… Who is nervous about Europes economy? Not the people on Main street. Who really is running this thing. I have some money invested, I didn’t call my broker and tell him to sell, and no one I know did. So lets be real, Who called their broker and said, I don’t like what is happening in Italy, so sell.

  3. admin says:

    No I do not plan on issuing a newsletter at this point. Too busy to do it, however, if you follow my Recent Buys & Sells at the side bar, most of the trades are good to enter for a day or even more so you can follow them if you want.

    But make sure to read my disclosure so you know that it will be solely your own decision and your own risk. I take no responsibility for anyone who follows my trades and potentially loose money. And I will be losing money.


  4. Lavonna Vielmas says:

    Great blog about investing. Are you going to issue a newsletter showing what stocks you will be buying or selling so you can have followers? thanks

  5. Sharon says:

    You pretty much said what i could not effectively communicate. +1

    My blog:
    rachat de credit Deleted by hellosuckers.net

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