Next major catalyst is the credit line extension to Spain which should be between 50 and 100 billion euros I believe. Expected soon.
To prove spain's short term importance, look at what happened after todays spanish employment numbers.
Post-Spain, we will pay close attention to holiday spending as the markets look to consumer spending during the holiday months to find direction.
Then the big dog comes into play....US fiscal cliff in January. All things held constant.
That's not to say that at the end of November that say.....Baddebtistonia might ask ECB for help or the world might suffer from a shortage of Plotnic cream!
Everyone on earth needs a steady supply of Plotnic cream!
To prove spain's short term importance, look at what happened after todays spanish employment numbers.
Post-Spain, we will pay close attention to holiday spending as the markets look to consumer spending during the holiday months to find direction.
Then the big dog comes into play....US fiscal cliff in January. All things held constant.
That's not to say that at the end of November that say.....Baddebtistonia might ask ECB for help or the world might suffer from a shortage of Plotnic cream!
Everyone on earth needs a steady supply of Plotnic cream!
