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- Pipsforall replied Nov 8, 2011
Either they become the United States of Europe with a strong central Federal Government, or they won't make it. I think hell will have to freeze over for that to happen, but its how the US works and how we amassed 14 trillion in debt, lol, although ...
EurAnalysis
- Pipsforall replied Nov 8, 2011
I just think the fact that Italian bonds might go over 7% this week is the end game. The rate is at 6.769% right now, and Europe doesn't have enough firepower to bailout Greece, there is no way they have $2 trillion to bailout Italy.
EurAnalysis
- Pipsforall replied Nov 8, 2011
Anything is possible, but I would be flabbergasted if we saw 1.42 again, last time we saw 1.42 Italy wasn't on the brink, Spain to follow suit and the EU thought they could get hundreds of billions for their Special Purpose Vehicle which not one G20 ...
EurAnalysis
- Pipsforall replied Nov 8, 2011
We truly live in Eurhopia. Not enough money to bail out Italy, yield at 6.797%. 7% is doomsday, lol, gotta love this euro rally though. Talk about a market in total denial.
EurAnalysis
- Pipsforall replied Nov 8, 2011
Dow only up 70 points, with this kinda jump, I would have expected a much larger rally, have started to take some short positions here.
EURUSD
- Pipsforall replied Nov 8, 2011
In a moment of reflection, truly amazing that the markets can move on a resignation that does absolutely nothing to fix the problem, and may even make it worst, such is life in EurHopia.
EURUSD
- Pipsforall replied Nov 8, 2011
Not as big a bounce as I expected, maybe fundamentals are actually starting to matter, won't hold my breath though, after all, we're living in EurHopia.
EURUSD
- Pipsforall replied Nov 8, 2011
I'm thinking big on this short, I'm thinking the range, I'm thinking I'm getting out at 1.3720. Although, Greek PM news might negate that target.
EURUSD
- Pipsforall replied Nov 8, 2011
Spinning it now, its a positive, got the vote, but not a majority, so probably snap elections and a new governing coalition. So in the next few hours Mr. B will resign or the opposition will call for a no confidence vote.
EURUSD
- Pipsforall replied Nov 8, 2011
Thanks, the talking heads on CNBC are speculating that the vote has been delayed because Mr. B is working on deal so that he can exit gracefully. haha
EURUSD
- Pipsforall replied Nov 8, 2011
Well, the spin on our shores is if he can't get his budget to pass, its basically a no-confidence vote in him, so he's going to get the boot, at least that what the Stock market bulls on CNBC are saying, if his budget doesn't pass, buy, buy, buy ...
EURUSD
- Pipsforall replied Nov 8, 2011
Oh boy CNBC pumping the new Greek PM news, if the Italian's give the boot to Burlesconi, I'm thinking we might get a 1000 point rally in the DOW today. lol
EURUSD
- Pipsforall replied Nov 8, 2011
Certainly worthy of 200 pip move to the upside and a 300 point rally in the DOW. LMAO
EURUSD
- Pipsforall replied Nov 8, 2011
Ah, the poor Euro, you know she wants to go higher, but someone just isn't letting her, I assume that will all change once the casino, I mean, US stock market opens, they don't care about fundamentals, just their big end of the year bonus checks, so ...
EURUSD