Tuesday, November 30, 2010
Europe Falling Apart
Europe seems like it sells off every day. The euro also. Yet there is no panic. It is a controlled selloff and weakness just doesn't last. Traders are quick to buy the dip which is a recurring theme. I am still bearish on this market. The path to the bottom will be longer and slower than expected. Not much of an edge either way so I will mostly watch.
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