What a way to start the month!! The same way we ended the last!! Pure chop, early morning we looked like disaster and BANG we turned around and grinded higher.
Most are saying they are buying up financials ahead of tomorrow's mark to market decision. Who knows what they will do but I think we will sell the news as usual.
Non of the plans are going to work, that's the truth. Did anyone see what is happening with the protestors at the G20, hmmm said it the Europeans aren't putting up with this crap like us.
Man I hope I am wrong and I mean really wrong but non of these plans are going to work, there is no simple fix. This $6 trillion or whatever it is in bad debt on the book of these banks wont disappear. Someone has to take the hit period.
We will see what happens tomorrow and over the weekend about the G20
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