Dislikednice. i like the way you put the Moody's DG into context, Piters.
i trade the CAC40 and the selling on it has been relatively shallow as compared to pretty much all other indexes...France being Europe's 2nd largest ec so if Hollande does a 180 turn and moves off the election rhetoric and comes with an aggressive stance promoting growth that along with the printing fuel already in place may turn all of this into a pretty nice bonfire...........maybe wrong, but everything is possible, nothing impossible kind of thinkingIgnored
A balance between EU mess and US debt is the main driver for US crosses..
Ben/Timmy can "stimulate" as much they want.. but the Hole is Hole.. need "proper work" not "stimulation only"
long term..
If EU fix political differences between North/South.. and eventual final Bank regulation laws, EUR is set for a new highs,, as USD has no other choice then to devaluate.. specially now IF [when] Japan is on board to make some huge changes if opposition take power and set different BOJ rules for game to play...
as for us.. we are just fine.. volatility is THE only thing we need ..