Tuesday, December 20, 2011
360. Plus for Euro Zone
Today's European markets and so far U.S. markets reacted to the 3-year inflow of $$$ to the European banks (Euros to borrow that is). 3 year's work of funds were made available now, instead of shorter-term cash only. Germany was commended for the lift, although it's market gathered more steam from the ECB move, as did Spanish bond sales. A bit of good news to secure my market volatility prediction back in #342 and again in #348. Don't forget, #355 will be updated regularly with current Euro Zone status and plans.
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Good call on #348. I am still sitting back for now. Couldn't react to this spike, but then again it's just quick news that might turn tomorrow. The graphs all show something different. Sure is nice to see the green though. Always nice to see....well unless you hare holding a fist full of cash.
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