"Morgan Stanley says sell European equities as rally may be ending"
also
some Mayo guy from Germany says "losses may exceed those of the great depression"
all this from bloombergtv
then if you go their website...many stories as to why the US equities rally should be ending like
"S&P 500 Can’t See Enough Money to Feed Stocks’ Rally"
Then there is the English prime minister with his speech on Sunday about the English recession being far worse then expected and lasting well into next year.
Conclusion...this dead cat bounce equities rally over the last month has reached the end of the line. The demand for the dollar is returning I would say as its the "Safe haven" along with the Yen. Trichet's rate decision last week left room for more cuts as well so yeah...I'm still sticking to my guns that we will see 1.2000 and lower.
It's just a game of picking the right entry points now.
also
some Mayo guy from Germany says "losses may exceed those of the great depression"
all this from bloombergtv
then if you go their website...many stories as to why the US equities rally should be ending like
"S&P 500 Can’t See Enough Money to Feed Stocks’ Rally"
Then there is the English prime minister with his speech on Sunday about the English recession being far worse then expected and lasting well into next year.
Conclusion...this dead cat bounce equities rally over the last month has reached the end of the line. The demand for the dollar is returning I would say as its the "Safe haven" along with the Yen. Trichet's rate decision last week left room for more cuts as well so yeah...I'm still sticking to my guns that we will see 1.2000 and lower.
It's just a game of picking the right entry points now.
Different opinions highly valued, ignorant to slander.