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European Chart Update
The Trader has been bearish on (especially) the Spanish and Italian markets over the past weeks. Our short term targets are approaching, and despite our negative views on the economy of those countries, we feel that the short term probabality of further declines is getting somewhat limited. If you have been short these markets as we advised, it is time to cover those shorts/try a small long at these extremely oversold levels.
A few weeks ago, not many wrote of the problems in Spain, but all we read now is regarding the Spanish flue hitting everything. Yes, that is true, but don’t forget, the Spanish market has already plunged close to 20% in a few weeks.
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Ibex
MIB
Eurostoxx 50
SPX vs IBEX. It doesn't take a genius to see where Bernanke has been active.
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QE and Twist, policies that everyone derides for being goofy and having such low impact yet it has done all that?!
I think we need to get our ducks in a row over whether QE is the most powerful thing this side of Kryptonite, or snake oil.
Pick one.
In a country of the blind, the one-eyed man thinks himself King.
Neo-Keynesian economic theory and the implementation of its policy has had great impact: it has devalued all fiat collectively to increase exports and prices. Of course, the chief export is debt, but I am sure after decades of low rates sustainable growth is right around the corner and the debt will be paid approrpiately.
PS I junked you
Most powerful thing since fiction or fraud? You'd know.
Pretty pictures but those lines don't mean dick.
it's better than the Lego charts they normally give us to trade with here at ZH
..no wonder i never seem to make anything!
The AAPL Warning...
AAPL parabolic irrational exuberance:
http://stockmarket618.wordpress.com/2012/04/09/aapl-parabolic-irrational...