JS Global Macro Notes

Bullish Trifecta Boosts Money Center Banks

Given the interconnectedness of the global financial system, one major winner is the money center banks.

Decisive steps to save the eurozone mean that tail risk for European banks - the possibility of a derivatives-related blowup - has been substantially reduced.

This is very good news for US banks and brokers as well, given the connectedness of the system and their unquantifiable exposures to Europe.

Read more: http://www.mercenarytrader.com/2012/09/bullish-trifecta-boosts-money-center-banks/
 
Attention Bulls: You May Be About to Get Punched in the Face

When is the last time markets had such an incredible confluence of 'buy the rumor, sell the news' event drivers all converging on the same event space - expectations of QE3, expectations of a Europe solution, expectations of a China stimulus package, and expectations of Apple's next major product event, all getting fulfilled at the same time... even as the charts look ready to tag the backboard and then drop?

Read more: http://www.mercenarytrader.com/2012/09/dear-bulls-you-may-be-about-to-get-punched-in-the-face/
 
Quote from darkhorse:

Attention Bulls: You May Be About to Get Punched in the Face

When is the last time markets had such an incredible confluence of 'buy the rumor, sell the news' event drivers all converging on the same event space - expectations of QE3, expectations of a Europe solution, expectations of a China stimulus package, and expectations of Apple's next major product event, all getting fulfilled at the same time... even as the charts look ready to tag the backboard and then drop?

Read more: http://www.mercenarytrader.com/2012/09/dear-bulls-you-may-be-about-to-get-punched-in-the-face/
More...

+1

We were talking about this before, remember?

Politics driven rally, no more politics = no more rally.
 
Quote from kjones5159:

+1

We were talking about this before, remember?

Politics driven rally, no more politics = no more rally.
More...


Yeah, pretty standard stuff. That is what's so remarkable about it - the "buy the rumor, sell the news" runup is so textbook it's ridiculous.
 
original_9500180.png
 
You must log in or register to reply here.
Back
Top