Where does this market go if there is some kind of Eurozone resolution?
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The market seems almost silly. Merkel plans to make a plan = rally, Merkel cancels todays announcement = selloff, Merkel plans a meeting wednesday= rally
You would have to have manure for brains to make long term investment decisions off this so called news. It just shows you how short term traders dominate.
If Europe gets something like a credible plan, I see Dec ES going to 1350. The recession just isn't materializing yet. It seems to have been priced in somewhat.
You would have to have manure for brains to make long term investment decisions off this so called news. It just shows you how short term traders dominate.
If Europe gets something like a credible plan, I see Dec ES going to 1350. The recession just isn't materializing yet. It seems to have been priced in somewhat.
This news is getting so old. So I guess if it wasnt for the European crisis the SPX would be sitting over 1450 right now, right?
Funny how everyone thinks they are going to come up with a simple solution to fix the crisis there when you can take notice that the crisis here in the US is not even close to be fixed.....wake up, everything they are doing to fix this credit crisis here and around the globe is totally wrong. These are just patches on an ever growing credit crisis.
Funny how everyone thinks they are going to come up with a simple solution to fix the crisis there when you can take notice that the crisis here in the US is not even close to be fixed.....wake up, everything they are doing to fix this credit crisis here and around the globe is totally wrong. These are just patches on an ever growing credit crisis.
Well there doesnt seem to be a simple solution other than kicking the can down the road with a massive bailout, the bigger the better.
The market will get a massive pop on that, as people on the sidelines will pile in thinking there is no downside to the markets now. The question is will it hold and keep going? They keep talking about how great the economy in the US is and how its turned around, but its still a very weak economy and the data is still a lot worse than it was at the beginning of the year its just that expectations have been ratcheted down so low, however a lot of people believe we will make new highs on some kind of "solution".
The market will get a massive pop on that, as people on the sidelines will pile in thinking there is no downside to the markets now. The question is will it hold and keep going? They keep talking about how great the economy in the US is and how its turned around, but its still a very weak economy and the data is still a lot worse than it was at the beginning of the year its just that expectations have been ratcheted down so low, however a lot of people believe we will make new highs on some kind of "solution".
