RANsquawk European Morning Briefing - Stocks, Bonds, FX etc. – 09/06/11

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hugovanderbubble's picture



Emporiki Greek Bank is in default------------> this makes Credit Agricole a Big hole with a total amount of 33.000 Mn.Euros in  Loans (Specially to Shippers)

Also see all bulkers and tankers in US.....Heavy Sell off

Credit Agricole is in big Risk of a sell off.


SP 1.100 is the 38,2% fibo retracement of the 666 (2009 lows)--------till 1370 highs (2011)...end of PUMPING FED CYCLE

Till 1.100 i wont ever be long term investor for any of my institutional clients. Au revoir Equities.