Dislikedit the first real atempt to put a finger in the damn, market when home looking to break 4000 today, I was so bearish this morning, I couldnt stand it, glad I faded myself...Ignored
Disagree that is an attempt to stop the problem but actually the opposite they are recognizing that private debt holders (i.e EZ banks) are going to suffer heavy losses and that move is just politics and public intervention (like usual since the recession, public money bailing out bad investments) aiming to minimize (spread across 2 or 3 yearly balances) the impact in the banks balance sheets.
In any case, key 1.428x in play. Let see.
sisse
Pending conversations? PM for a chat...I am mainly in OTM now