Seeking Alpha
  • Cliff Wachtel
    Forget fundamentals or (staged) US earnings beats- EU fears override these-markets pulled by EU fear QE hope-states control markets SPY, UUP
    4/15/12
    Reply (4)
    • Bob de'Long: The fears of EU are irrational for an American. But no one said the stock market is rational. At DJIA=12,850 we could fall far.
      4/15/12
    • Cliff Wachtel: Very rational-US heavily exposed both to EU debt and economy-derivative exposure unknown. All mkts move together-may be good for USD, tho
      4/15/12
    • Duke67: My feeling is this time the EU pain is going really high. Germans unhappy funding more, elections in France, debt escalating in ESP + ITA.
      4/15/12
    • Bob de'Long: Any one is the US that was exposed to EU has time to get unexposed. Germany is a slave of the PIIGS, the US is not.
      4/15/12