Posted by marketguy on 30th of Nov 2011 at 08:28 am
has been played on the bears/shorts....
this is "all" they have left so let's see what kind of follow
through they have after the mkt opens....could you imagine if the
mkt would close "down" on the day?
Agreed. I suspect this deal ran right up to the edge of the
abyss, given the impending Fed/ECB meetings as you noted. Is it too
little,too late? We won't know 'til after the fact,of course, but
I'm thinking this whole Euro debt drama ain't over yet. For now
though, the backs of the shorts have clearly been broken ...
Posted by jdaswani on 30th of Nov 2011 at 08:50 am
Pimco's Gross said yesterday in an interview. Fate of financial
markets will be decided in the next 7 days as things have gone from
bad to terrible. Said Europe is in a recession and the US odds are
upto 30-40% of going into a recession. This to me is a step in the
right direction to ease lending pressures but not enough to reverse
what has been started. Let the pigs jam this market up..Just be
patient.
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nuclear option card.....
Posted by marketguy on 30th of Nov 2011 at 08:28 am
has been played on the bears/shorts....
this is "all" they have left so let's see what kind of follow through they have after the mkt opens....could you imagine if the mkt would close "down" on the day?
Your resolve amazes me Marketguy!
Posted by tomW1 on 30th of Nov 2011 at 09:04 am
Your resolve amazes me Marketguy!
another thing to keep in
Posted by marketguy on 30th of Nov 2011 at 08:40 am
another thing to keep in mind is "why" would they announce this today when they have Fed "and" ECB meetings within the next two weeks?
something must be terribly wrong under the hood for them to jump the gun....imho....
Title: "something must be terribly
Posted by dukeseegers on 30th of Nov 2011 at 09:04 am
Agreed. I suspect this deal ran right up to the edge of the abyss, given the impending Fed/ECB meetings as you noted. Is it too little,too late? We won't know 'til after the fact,of course, but I'm thinking this whole Euro debt drama ain't over yet. For now though, the backs of the shorts have clearly been broken ...
yep....could have been a European
Posted by marketguy on 30th of Nov 2011 at 09:11 am
yep....could have been a European bank(s) or maybe even BAC (was dipping under $5 for god's sake)....
something tells me it's too late "BUT" it's tough to bet against these manipluative bastards....soooo tough.....
Pimco's Gross said yesterday in
Posted by jdaswani on 30th of Nov 2011 at 08:50 am
Pimco's Gross said yesterday in an interview. Fate of financial markets will be decided in the next 7 days as things have gone from bad to terrible. Said Europe is in a recession and the US odds are upto 30-40% of going into a recession. This to me is a step in the right direction to ease lending pressures but not enough to reverse what has been started. Let the pigs jam this market up..Just be patient.