G7 offers little to calm markets on growth, debt
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Geithner: Europe can absorb debt crisis costs
10:40am EDT
Highlights: G7 finance ministers, central bankers in Marseille
6:15pm EDT
Marseille G7 eyeing communique but no big action
12:45pm EDT
Europe has firepower to address...
Just about time for another leg down. I'm sure another non event G7 meeting will do the trick.
those euro banks still on the ropes. Won't take but one or 2 punches now.
FDIC Objection Throws A Wrench Into Bank Of America's $8.5 Billion Settlement
Bank of America needs more than a $5 billion vote of confidence from Warren Buffett to get back on track. It needs to remove uncertainty over the cost of its mortgage related lawsuits but it looks like the...
Remember that the TARP vote approval announcement actually sent the markets lower in 2008.
this is shaping up the same way imo.
There are also rumors of certain bank debt guarrantees by the ECB today.
http://www.businessinsider.com/the-eu-is-working-on-a-radical-plan-for-banks-2011-8
Stress Tests
Europe is struggling to contain a sovereign debt crisis that is nearing its third year and has left many banks from Spain to Greece in or close to insolvency. Stress tests on 90 European banks published on July 15 showed eight lenders had a combined 2.5 billion-euro ($3.6...
oh sweet! a spelling war!
"but you probably would have taken you lost by then."?...hmm
perhaps you should read about her speech:
http://www.marketwatch.com/story/global-recovery-in-dangerous-phase-imfs-lagarde-2011-08-27
Global recovery in dangerous phase: IMFâs Lagarde...
European market action. Gov't/bank CDS spreads blow out, Euro banks in free fall. Gold and such on fire. Currencies strangely quiet(calm before the storm?).
Markets are telegraphing acute stress.
Check out DB STD RBS BCS etc.
I've seen this movie before.
Prepare for the "The Kick The Can Down The Road Crash of 2011"
More useless speeches from Ben and Trichet and Lagard.
Seems the politicans are happy to keep that can running down the road despite the market telegraphing a coming crash.
I guess they need a crash to get the political...
What is the best way to trade long options on SPX with high VIX?
I got burned a couple of weeks ago going long some out otm calls and holding overnight; when the market gapped higher the next day but the options dropped below my cost price because a huge drop in VIX.
How should I play...
Just another buy op.
Market needed a post 2009 aftershock/headfake flush of financials before it rockets higher for multi year bull market.
inflation, sky high bond prices, weak dollar, rock bottom interest rates. What's not to be bullish about?