SnapDave (68.15)

Brief Rally

May 10, 2010 – Comments (2)

Equities might go positive at least Monday for anyone looking at very short term. This would provide an oportunity to get the hell out if you haven't already or go short if you have brass ones. Not sure how many days that could go on for - enough to reassure fools before slamming them again. Or tell me I'm wrong. Tell me we can now go back to the bear market rally in progress.

Europe is preparing to kick the can down the road with 500+B Eur loan slush fund. Fed will reopen currency swaps which has only been closed about 3 months now. EU strangly silent on where the hell that money will come from. European officials are blaming and threatening speculators for the mess they themselves are most to blame for. Maybe the Molotov cocktails will be flying in Germany next. As far as I know the Fed hasn't anounced how much it can print to lend European countries, only that it would be $30B with Canada. Make no mistake there's some scarry stuff going on. All these officials don't get this worked up over nothing.

There's gotta be collectively a lot of sleep lost this weekend.