Monday, November 28, 2011
Money Printing
Italy is going to get rescued. IMF is own and bought by the Europeans, they will bail themselves out. All of a sudden, shorts are in a panic with this monster gap up. I haven't seen a gap up this big in a long time. The whole world must be short. You better buy the dips from now on....
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5 comments:
Too many gaps to fill, I would short (add to) over next two days...
Italy is going to get rescued is the consensus, the consensus is we are just waiting for markets to pressure Eurobonds and a fiscal union... this isn't US subprime 2008 this is Italy the world's third biggest sov issuer and this is still not the United States of Europe, we are still at the start of this no where near the end.
today "New York Fed purchases $4.675 billion in Treasury coupons" - this is what fueling this rally. as simple as that.
Financials still look horrible.
bac is about to go negative on a 3% move in the dow??
Very weak..
gonna dip the toe in long here with 500 of bgu $52
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