Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 691.66

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Jan 16 4:00 PM EST

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To: GROUND ZERO™ who wrote (34775)	7/11/2012 4:25:59 PM
From: carranza2	3 Recommendations Read Replies (1) of 222082

These harsh measurees were a condition of the 100 bn euro bailout of private banks - welcome to the jungle, where the public pays for private sins. 's OK, we are familiar with that in the US. Anyway, that is only a first taste because IMO haircuts to Spanish bondholders are inevitable. Who holds a huge load of them? You guessed right, the same Spanish public who just got shafted. There was unrest in Spain in May. It will be worse with this latest dose of pain, and it will get very much worse when the barber sharpens his shears. Spain is Greece x 10. On the other hand, the USD should go up, treasuries should go up as rates go further down, and you can plan for gold to go down as USD appreciates. All opportunities, IMO, sad ones, but there you are.

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