posted on Oct, 23 2011 @ 03:07 AM
Ok, I don't know about all of this other stuff. Going to check it out in a bit. As a trader, I will say the 24th looks very interesting. The market
has shown an ability to rally for months on complete BS. Just look at Q1 of this year, all the way to June where there was an absurd rally on no
substance at all... That could happen here, as the masses hear "this isn't 2008" and "we have hit bottom" over and over until they buy back
The EU is coming apart at the seams. Last week there was a lot of talk, and hope that there was some solution to all the EZ's problems this week.
Specifically on Sunday, which happens to be the 23rd. Markets seemed to rally on it, despite being complete nonsense. If EU leaders come to no
conclusions on Sunday, and begin throwing around hopeless despair as mentioned in the above article, then what exactly are we looking at? Failure to
reach a compromise to buy up Greek bonds will result in either an EU country defaulting on its debt, or getting kicked out of the EU before defaulting
on its debt. Pick your poison. The second that becomes reality, banks fail, and markets drop hard and fast.
Nice pump last week, setting up an ideal dump this week if conditions do not improve. Starting with the 24th, fresh off what appears to be a complete
failure of EU leaders to agree on a path of near-term solvency. Just playing the devil's advocate here. Going to actually watch the topic of this
thread now, since tomorrow is shaping up to be a rather pivotal day.