Perhaps a bit off topic but what do you guys think of the merger thats screaming across all financial headlines (NYSE EURONEXT + DB) ...
Interesting times - I don't see this as being a plus for anything to be honest with you, esp. equities. It denotes a sign that something's wrong, it shows a sign of weakness on someone's behalf (prob. NYSE) ... I expect market participants to enter a stage of confusion and hence pair back bets on risky endeavors.
Expect capital outflows throughout the remainder of the week from "risky countries."
Interesting times - I don't see this as being a plus for anything to be honest with you, esp. equities. It denotes a sign that something's wrong, it shows a sign of weakness on someone's behalf (prob. NYSE) ... I expect market participants to enter a stage of confusion and hence pair back bets on risky endeavors.
Expect capital outflows throughout the remainder of the week from "risky countries."