This link follows some of the reaction to the German High Court Decision: http://www.telegraph.co.uk/finance/financialcrisis/8720479/Debt-crisis-live.html
What the market seems to be missing is that Germany is a democracy and it's people have lost patience with the PIIGS getting a free ride. We have a few days of turmoil here as President Obama makes his $ 300 Billion proposal followed by a few days of Congress making a fool of itself. The result is that business may decide to wait and watch i.e. fundamental tax and debt reforms are needed.and until we begin to see at least a flicker of desire for these reforms we are going to continue to see pump and dump markets. I do not have a view on stocks at the moment but this rally is setting up for a great sell. For now EUO looks like the least risky of choices with ZSL an agressive but potentially good trade.
What the market seems to be missing is that Germany is a democracy and it's people have lost patience with the PIIGS getting a free ride. We have a few days of turmoil here as President Obama makes his $ 300 Billion proposal followed by a few days of Congress making a fool of itself. The result is that business may decide to wait and watch i.e. fundamental tax and debt reforms are needed.and until we begin to see at least a flicker of desire for these reforms we are going to continue to see pump and dump markets. I do not have a view on stocks at the moment but this rally is setting up for a great sell. For now EUO looks like the least risky of choices with ZSL an agressive but potentially good trade.