Friday, July 15, 2011

Very Weak Market

Not much more to say but all the bounces are sold and we'll probably need to probe lower levels to find value.  GOOG couldn't save the day, mergers can't save the day.  Europe with a laugher of a stress test isn't going to get the market excited.  We're going lower next week.
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2 comments:

Anonymous said...

With vol going up people seem nicely hedged up for it to really fall much... I think moves in PIIGS bond yields a concern... ECB needs to cut the head off the snake with an aggressive intervention in the bond mkts... unfortunately unlikely to occur until yields much higher and harder to control

7/15/2011 02:40:00 PM
Anonymous said...

Friday's longs are now trapped like rats

7/17/2011 08:17:00 PM

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