Europe - Stocks (General News)

[kennynah]

the market is a mysterious place....

[winston]

Underperforming Fund Managers trying to chase up on performance ..

Who has not been cautious for the past few months ?

[winston]

Dont looked like a good day ...

10 year Italian Bonds at 7.37%

German stocks down 2.4%

French stocks down 2.6%

FTSE down 1.8%

Italian stocks down 4%

[winston]

As the lemmings in Asia jumped off their cliffs, the European Indices are up 1% now.

Does the asian lemmings know why they are jumping off the cliffs ?

[kennynah]

italian 10 year yield went past 7% this morning

was 7.4% earlier but now reverted to some 7.05%

consequently, all major european indexes have turned green...

[winston]

THE NEXT EUROPEAN CRISIS

Keep an eye on French stocks. They are now in the danger zone.

Regular readers know why we've been focused on the price action in the euro and critical European companies like financial giant Deutsche Bank.

After all, Europe is the world's largest economic block (even bigger than the U.S.)… so its huge debt problems can cause major waves all over the world.

One of the biggest concerns here is what happens in France. France is the world's fifth-largest economy. Its banks have tremendous exposure to the bad debts of basket cases like Italy and Greece.

Many folks worry that if the crisis can affect France, it will kick off a horrible recession and stock crash.

We track this situation with the "Dow Industrials of France," the French CAC 40 Index. It's an index of France's most important companies.

As you can see, the CAC suffered a major hit several months ago. The index fell from above 3,800 to below 2,800 in less than two months (A). This drop was followed by a "relief rally" that took the index back toward 3,400 (B).

But in the past few weeks, the rally has sputtered out (C)… and the CAC is in danger of breaking its September low. Should this happen, it's a sign of much worse things to come for Europe…

Source: www.dailywealth.com

[winston]

Shorting Europe not sure thing ?

EUR 1.3386
GLD up US$20

Germany up 3.1%
France up 3.8%
FTSE up 2.3%
Dow Futures up 258

[winston]

FTSE up 2.9%
France up 3.5%
Germany up 4.3%

Santa Claus is in town !

[winston]

European Trader: Investment Pros Look for Rebound in 2012

In a survey of 12 investment professionals, an overwhelming majority expects equities in 2012 to retrace some of their losses from a bruising 2011.

On average, the group sees the Stoxx Europe 600 rising at least 8.6% next year.

Source: Barron's

[winston]

FTSE up 1.2%
Germany up 2.4%
France up 2.4%
Dow Futures up 105
EUR 1.2787

I would be a bit careful if I'm shorting things. Markets does feel like it wants to go up ..