Dislikedjust after 11 eastern we should get a clue. Portugal may be bankrupt then. then you got Ireland.. a sovereign country being told how to tax.. the place where broke banks passed the stress test. the place Germany guaranteed its debt.Ignored
Nothing new on the debt side. Portugal a complete disaster and 5 yrs broke already yst the 8% point of no return barrier and keep trading higher. Ireland the same old things so the smallest sneeze on the headlines and contagion. 10 yrs also broke all time highs on speculation on Allied Irish Banks was planning to miss a coupon payment, driving the premium that investors demand to hold Irish 2-year bonds...
In simple words nice trigger for a retrace and take profits at least.
sisse
Pending conversations? PM for a chat...I am mainly in OTM now