Buy the blowtorch to belly bounce? (alliteration special!)

ES is up from Friday’s close on lots of positive talk out of Europe. It appears the crisis is approaching , ummm, crisis point … and solutions are now being seriously considered. Of course, could all be rumours and new crises develop.

Anyway, here are some things to be going on with, sources are in each link:

First, some blowtorch application:
Wolfgang Münchau: “Only days to avoid collapse” of eurozone, Currency Market prepares for breakup
http://www.calculatedriskblog.com/2011/11/wolfgang-munchau-only-days-to-avoid.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+CalculatedRisk+%28Calculated+Risk%29

And some of the positive reports coming out
Is a Eurofix Around the Corner?
http://www.nakedcapitalism.com/2011/11/is-a-eurofix-around-the-corner.html

The Bundesbank no longer rules out emission of common European bonds – so-called Eurobonds.

Officially Eurobonds are taboo but behind the scenes nothing has been ruled out
http://www.creditwritedowns.com/2011/11/eurobonds-not-ruled-out.html

On the alleged plans for a Spanish bailout
http://www.creditwritedowns.com/2011/11/on-the-alleged-plans-for-a-spanish-bailout.html

Weekend Developments and Their Significance Going Forward
http://www.creditwritedowns.com/2011/11/weekend-developments-and-their-significance-going-forward.html

Sources: IMF to offer Italy a 600 billion euro bailout via ECB funding
http://www.creditwritedowns.com/2011/11/imf-ecb-italy-600-billion-euro-bailout.html

All just talk, rumour and innuendo at the moment.
BUT, these are the things that have been driving the market to a great extent lately, so gotta be in touch with them
And they can reverse quickly, too.
We’ll see.

Other news:
Report: Payroll tax cut extension is likely
http://www.calculatedriskblog.com/2011/11/report-payroll-tax-cut-extension-is.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+CalculatedRisk+%28Calculated+Risk%29

It seems likely that some sort of deal will be reached to extend both the payroll tax cut and emergency unemployment benefits, but there will be some politics first.

Advertisements
This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s