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To: Salt'n'Peppa who wrote (170053)6/25/2012 11:24:46 AM
From: CommanderCricket1 Recommendation  Read Replies (1) | Respond to of 206158
 
S&P,

We're getting close to the governments coming in and flooding the markets. "They" aren't going to let the markets collapse again.

What really surprises me this time around is the action in gold. Do people feel comfortable holding cash instead?

Nasty morning

Michael



To: Salt'n'Peppa who wrote (170053)6/25/2012 3:31:38 PM
From: Salt'n'Peppa  Respond to of 206158
 
VIX surges 12% today on a relatively mild drop in the indices.
Keep a close eye folks. The black swans (not ducks this time) are lining up...
finance.yahoo.com^VIX

The Greek finance minister resigned today as well, citing poor health.
I guess he was "sick and tired" of all the nonsense.

Cypress applied for a Euro bailout today.
Spain's $75 billion bailout is rumored to be light by well over $100 billion.

Not looking good out there. Go to cash...
S&P



To: Salt'n'Peppa who wrote (170053)6/25/2012 5:08:06 PM
From: elmatador1 Recommendation  Read Replies (1) | Respond to of 206158
 
What if OPEC has too many Euros and are propping up Europe with lower oil prices to save the currency they hold as reserves?
Saudi Arabia, the world’s top crude exporter, has added to supplies, cranking up output to a 30-year high.
...

“Our actions have helped the oil price drop … which has acted as a type of stimulus to the European and world economy,” Ali Naimi, the Saudi oil minister, said recently.
ft.com