As the market absorbed the news that the ECB was not going to increase rates, there was a sharp drop for the EURO. More importantly there was a sell-off of the currency as the timing for the next hike was not apparent.
The comments from Trichet today have to be translated...
Some of the more interesting and important items for June 8th :
Why Groupon’s IPO is no deal Brett Arends’ ROI – MarketWatch –
Why Bill Gross insists interest rates are going up – The Tell – MarketWatch – Bill Gross, founder of PIMCO, says the differences between the U.S. and...
There is a good deal to be concerned about ahead of some EU decisions tomorrow. Add that to the parade of Fed officials talking about the potential for a revision to U.S. growth and that can take the wind out a rally real quick.
Then there is the Euro. As the...
FISTAM (Farcical, Idiotic, Stupid, Troubling, Agitating and Moronic) – Those are the words that I came up with as I pondered just how far this prank has gone. Looking back at the low points for the Euro ($1.18), there was initially a concern that the Euro would be devalued...
Some of the more interesting and important items for June 6th :
Peru Stocks Fall Most in Two Decades as Humala Claims Presidential Victory – Bloomberg –
The Long & Short Of Silver: Bears On The Prowl – Focus on Funds – Barrons.com –
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