There's more room for this market to go up. Don't kid yourselves. We need to take out another level of support in the EUR before anything starts to happen. Big reversal started but it needs to hold. If it does, then it's time to toss on a bigger line, but not right now.
"There's more room for this market to go up. Don't kid yourselves." It will be interesting to see what happens tomorrow. I disagree with you strongly, but only the market will show us who is right. I believe that we are in a new bubble built on the sand of cheap cash. The engine is revving but the wheels are spinning. If the global economy does get some real traction, as opposed to continuing to rev on cheap cash, the market will pull back. Staying long now is placing a bet on traction kicking in before all the cheap money has been spent. Personally, I don't like that bet. But I have been wrong many times before.
I wouldnt call going up 100 points at open tommorrow a rally...just a "correction" from how much we lost on the original dubai debt news. Now that alot of the banks are being covered, we should get "some"of that market drop back.
Yup, but gotta dance when the music's playing....no matter what direction it is. Being biased is a killer
Their bonds are down 50% If these arabs were smart, they would put more pressure and the bonds go down another 50% Make the offer to buy all outstanding at the current market rate and state a default on those who don't want to sell. Welcome to modern capitalism.