There is always a price for promises you don't keep!
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When Does the EURO Deadline Slippage Begin?
This current market movement is being fueled by “perception and optimism” and financed by US corporate earnings and constructive news from Europe. The market recognizes that Europe has finally developed a sense of urgency. This, after holding its thirteen crisis summit in 21-months last weekend, where they debated how to cut Greece’s debt burden, boost the firepower of the EFSF program, and support banks ahead of tomorrows fourteenth crisis summit. In current market condition, how much further has risk appetite to recover? Surprisingly strong Chinese data coupled with stronger US growth indicators could drag ... (full story)
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