I agree with E-BEAKER,
ECB is nearing the point of zero credibility.
Yes they had an impact after the first crisis but now we know what to expect and there are many episodes left to the crisis in the pipeline.
Betting on markets going up on the back of ECB action is a sucker's trade...
some more color on Spain and what banks are doing to avoid taking the losses on their real estate exposure...
banks in Spain are currently offering people that cannot pay their mortgage to repossess their house but keep them as tenant and get them to pay a rent according to what they can...
The UK debt is much higher than reported.
Check this link for more information:
http://en.wikipedia.org/wiki/Private_finance_initiative
The private finance initiative (PFI) is a procurement method which secures private funding for public institutions in return for part-privatisation...
there ain't any short left in the market so it's gonna be difficult, there is only so much "ascending" air you can create through short calls and vol contraction. At some stage, you have to dump your deltas :D
yes, it's that magic friday feeling in China, shall we get -5% again, do you want to be long overnight...
Sure those Chinese are preparing something......:cool:
dollar not tanking at all, down to 78.83 so a meagre -0.39%, it's actually targeting 82 min.
I think it's got more to do with option expirations. I didn't check the volume overnight to see how the bidding was achieved.
we won't get 6772 today, now it's only downside with Shangai down 5% on a friday. Who wants to be long when Shangai could lose another 5% on monday?
I see 6650 at some point today...