fundamental sea change for the euro; germany couldn't afford to let greece and thus belgium, spain, portugal, etc go down - and the non-member states are in worse trouble. the eu gdp is about the same as the usa gdp. bad news for everyone if the region fell apart.
but those quarreling, head-in-the-sand, 16 members finally made a coordinated decision to save themselves, so the euro lives. i'd not be shorting anywhere for some time yet. tomorrow the big money will get in. you can bet the ecb is long euro.
this is all good news for the global economy, including the us dollar. i'd not be surprised to see the dow penetrate 11000 this week - but prepare for a correction off 11200, which is a 62 fib and a long-term resistance area.
but those quarreling, head-in-the-sand, 16 members finally made a coordinated decision to save themselves, so the euro lives. i'd not be shorting anywhere for some time yet. tomorrow the big money will get in. you can bet the ecb is long euro.
this is all good news for the global economy, including the us dollar. i'd not be surprised to see the dow penetrate 11000 this week - but prepare for a correction off 11200, which is a 62 fib and a long-term resistance area.
realize the universe is one thing,
and attach it to your body