Archive - Dec 9, 2012 - Blog entry
FRoHe WeiHNaCHTeN...
Submitted by williambanzai7 on 12/09/2012 23:45 -0500Christmas Greetings from EURO-land
Investor Sentiment: More Issues
Submitted by thetechnicaltake on 12/09/2012 21:05 -0500Add extreme selling by corporate insiders to last week's list of worries.
The Collective Conscious Crack Up Boom.......Evil Plan 101.0
Submitted by Tim Knight from Slope of Hope on 12/09/2012 19:55 -0500Well, my fellow Slope-a-Dopes, although this will undoubtedly be a dreadful decidedly devastating disappointment to many of you, I have chosen to put away my almighty artistically asinine alliteration pen for this Sunday's super significant spectacularly special EP. Instead of dazzling you with my proficient pathetically putrid pitiful prose, I will focus my alertly astute attention on a stupefyingly serious subject.
Italy Trumps Greece
Submitted by Marc To Market on 12/09/2012 12:49 -0500
News that the Greek bond buy scheme did not get sufficient takers to reach the 30 bln euro target set the commentariat ablaze. This may prove to be a minor technicality as Greek banks initially offered 75% of the Greek bonds but were prepared to pitch them all if necessary to ensure EU aid is forthcoming, which is the source of their recapitalization funds.
The bigger story is the fall of the Monti technocrat government in Italy. Berlusconi's PDL party pulled support by abstaining economic reform votes at the end of last week. After a series of consultations with the Italian president, it appears that parliament will not be dissolved until two important pieces of legislation are approved, the 2013 budget and financial stability measures. The former is needed for obvious domestic reasons. The latter is needed to maintain credibility in EMU; assuring its partners.
One Thing That Trumps Hope For More QE
Submitted by Phoenix Capital Research on 12/09/2012 08:22 -0500
The markets are holding up on hopes of additional stimulus from the Central Banks. Some bulls are even calling for QE 4 at the upcoming Fed meeting, despite the fact that QE 3 was launched a mere three months ago and was open-ended (meaning it would not end until the Fed deemed it time).
