There is no respite

2011-11-02 15:43

This week started with an absolute bloodbath in Europe, with markets plunging with major losses and the euro currency getting crushed, in reaction to the news that the EU bailout plan might be headed for a referendum vote in Greece.Markets are now subject to rumors and news by the hour or the minute and it is impossible to know what will happen to the financial markets in the near term. Italian bonds and French bonds surged to the highest ever relative to core German yields. On the global economic front things look very bad also, China Purchasing Managers Index missed the most bearish forecasts and Australian central bank cut interest rates for the first time since 2009, confirming that the global economy is slowing. World Top Investors participants are having a very difficult time to utilize strategies to take advantage of the situation. In a matter of hours the market can destroy the value of the portfolio. Not many are trading, more interested in trying to protect gains. This is not an environment for passive investing, because the markets are having depressive tendencies. There is euphoria and the markets go up then there is pessimism and they go down, but all this is happening almost every hour.

There is no respite

Otwórz konto