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Posts: 5

rick3117

All-Star

Joined: Mar, 2006

Posts: 14715

Posted: Nov. 8, 2011 - 10:27 AM ET #1

If he holds out could mean strong pressure on the Euro.

Any thoughts??

Already have a nice drop, after the vote..

wallstreetcappers

Covers Linesmen

Joined: Feb, 2003

Posts: 58463

Posted: Nov. 8, 2011 - 11:22 AM ET #2

Yeah I noticed that too, but they keep supporting the Euro and the US markets. Given what hasnt been accomplished in Greece, this and other higher rates on Euro bonds I dont get why the markets are still holding in.

rick3117

All-Star

Joined: Mar, 2006

Posts: 14715

Posted: Nov. 8, 2011 - 12:09 PM ET #3

I honestly thought we would have shot right down past that support level of 1.3706(ish), after the vote. He got support, but not a majority. I thought that would be the ultimate no confidence vote, and would lead to a huge sell-off.

The conspiracy monger in me thinks that this is manipulation, but its kind of a moot point when discussing the Euro.

wallstreetcappers

Covers Linesmen

Joined: Feb, 2003

Posts: 58463

Posted: Nov. 8, 2011 - 12:53 PM ET #4

Right..

Let alone Greece being unresolved and Portugal and Spain being in a similar situation.

wallstreetcappers

Covers Linesmen

Joined: Feb, 2003

Posts: 58463

Posted: Nov. 8, 2011 - 2:25 PM ET #5

I guess everything is great again, the guy is going to leave next year.

Off to the races.

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