muses of the moment

July 23, 2012

Looks like Spain is under pressure…..again

Filed under: European Debt Implosion — totallygroovygirlfriday @ 11:05 am

Click here.

Seems those bailouts last about 10-15 days now. They band short selling in Italy and Spain, thus Spanish stock market is down 12%. Remember when you ban short selling, the only option for investors is to sell. Spanish bonds are at 7.5% and US bonds are at an all time record low across the yield curve. Euro is down.

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1 Comment »

  1. GG,

    Last Friday was a William O’Neill breakdown day on the NASDAQ, with distribution (falling or stalling on rising volume) on 7/5, 7/6, 7/9, 7/10, 7/12, 7/16, and the breakdown day (falling 1%+ on rising volume) on 7/20. I meant to post this Friday, but it was my day off and I didn’t notice it until right before the close. I am “short” by deploying long into TLT (20 year bonds) and PSQ (short the NASDAQ 100).

    -Lemming

    Comment by Lemming — July 23, 2012 @ 11:44 am


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