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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: sandeep who wrote (3420)	5/5/2010 5:03:26 PM
From: Real Man	2 Recommendations Respond to of 221246

Yeah, we heard that one before. It can't happen. However, sovereign bondholders usually hate working printing press. -g- SPX 1220 was significant. Besides being a Fib retracement for the whole bear move, it is also 200 MA on the weeklies. Message 26513111

To: sandeep who wrote (3420)	5/5/2010 6:05:35 PM
From: ggersh	1 Recommendation Read Replies (1) \| Respond to of 221246

Maybe this time is different. Buffet has passed his expiration date

To: sandeep who wrote (3420)	5/5/2010 10:58:41 PM
From: Real Man	1 Recommendation Read Replies (2) \| Respond to of 221246

SHTF is not a new phenomenon. It's always contained - until it hits the fan, that is. The govt. is always saying there is no problem, everything is fixed, etc., etc. They are supposed to say that. After it hits the fan, they look for scapegoats to pin it on. It is very dangerous. Greece is not dangerous by itself, it's a small country. Greece is more like a trigger, calling attention of the market to the global sovereign debt situation. That could start a chain reaction in Southern Europe, and that could eventually will spread to the UK and the US. All CDS move together. As Greece BK-s, US credit risk increases. For now we need to watch if 1160 level provides a reasonable bounce. If not, something more serious could start to the downside