Friday, October 7, 2011

Someone Just Sneezed in Europe, S&P Drops 10 Points in a Few Minutes

It remains a nonsense, headline driven market - unhealthy to the extreme.  Things were coasting along on a very quiet Friday afternoon and then suddenly the S&P 500 lost 10 points in minutes ... best I can tell is because there is a quote of Merkel saying Eurobonds are the wrong way to go.  Is that the reason?  Who knows - the point is we are not trading on anything sensible anymore.  Fitch also just downgraded the debt of Spain and Italy - shocker! The volatility due to headlines is complete nonsense.  At any moment you can turn your head and the market can be moving to the tune of 1-2% due to a headline a computer reads....

Disclaimer: The opinions listed on this blog are for educational purpose only. You should do your own research before making any decisions.
This blog, its affiliates, partners or authors are not responsible or liable for any misstatements and/or losses you might sustain from the content provided.

Copyright @2012