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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 659.03+1.0%Nov 21 4:00 PM EST

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To: GROUND ZERO™ who wrote (23515)8/13/2011 5:38:33 PM
From: chartseer  Read Replies (2) of 219258
 
I voted bullish but to be honest I hedged most but not all my longs Friday at the close just to protect myself over the weekend against European bank failures. That franco-bund meeting scheduled for tomorrow (Thursday) then immediately rescheduled for Tuesday kind of spooked me a wee bit. Better safe than sorry. Do you think it is true the european banks have no idea of their solvency or not? Is Europe to big to fail. Isn't there legislation saying no more bail outs for too big to fails. Would that include Europe?
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