Seeking Alpha

JuicyGrabs'  Instablog

JuicyGrabs
5 Followers
2 Following
Send Message
Individual investor
  • The good news that rallied markets yesterday is actually bad news 0 comments
    Oct 5, 2011 11:24 AM | about stocks: FAZ, FAS, SKF
     
    Yesterday we`ve had a small rally into the close based on news that European states were going to recapitalize banks. News was hailed with small rally at the end of a bad market day in US, followed by a rally in Europe.

    The irony of it is that this news is actually bad. It will lead to a cascade of country downgrades, which in turn will further spook investors and create a downhill market.

    Fully explained here: video.cnbc.com/gallery/?video=3000049464
    Themes: banks, european banks, sovereign debt, Dexia, Europe, European bailout Stocks: FAZ, FAS, SKF
Back To JuicyGrabs' Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Full index of posts »
Latest Followers
Posts by Themes
banks, Dexia, EFSF, Europe, European bailout, european banks, financials, gold, Greece, Italy, PIGS, silver, Slovakia, sovereign debt, Spain, us dollar
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.