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EU shares rise early on following a record Thanksgiving shopping weekend and speculation about...

EU shares rise early on following a record Thanksgiving shopping weekend and speculation about the latest plans to save the eurozone, and despite the IMF dismissing a report of a bailout for Italy and a Moody's warning about the debt crisis. Euro STOXX 50 +2.7%, London +1.8%, Paris +3.1%, Frankfurt +2.9%, Milan +0.1%, Madrid +0.5%, Brussels +3.1%.
Comments (9)
  • User 353732
    , contributor
    Comments (4758) | Send Message
     
    Talk = Propaganda =Deception= Manipulated Market
    28 Nov 2011, 06:43 AM Reply Like
  • mP1
    , contributor
    Comments (386) | Send Message
     
    =Nonsense=Lunacy
    28 Nov 2011, 07:26 AM Reply Like
  • Bartender
    , contributor
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    How would one bet against Italy? If I thought they are going to default, is there something I can buy that will correlate to that?
    28 Nov 2011, 09:17 AM Reply Like
  • spinninglotus
    , contributor
    Comments (21) | Send Message
     
    Market is repeating its behaviour in early October...when EFSF news was announced,market rallied nonstop when everybody was scared of losing out a big rally...this time will be the same....In addition,sudden crisis was averted,?delayed till end of January...so whatever yields rise,whatever rating downgrade,they do not matter...market just wants to go higher away from its technical resistance line..
    It will be different story whether the new plan work or not...market will react later dates...
    28 Nov 2011, 10:02 AM Reply Like
  • tobi0040
    , contributor
    Comments (11) | Send Message
     
    I don't know about Italy, but I am shorting Japanese Bonds instead. Much worse debt (225% GDP) and worse demographics. Also, the crisis has not arrived so their 10 year bonds are trading at 1%. Kyle Bass and Einhorn are short, both cite interest eating up over 40% of their tax revenue at only 1% interest, if their rates move up they become unsustainable quickly. Tickers JGBS (no leverage) and JGBD (3 x leverage).
    28 Nov 2011, 10:54 AM Reply Like
  • Dr. V
    , contributor
    Comments (1179) | Send Message
     
    Short German Bonds they are going to go into the ground like a dart with 268% Debt /GDP.
    28 Nov 2011, 11:29 AM Reply Like
  • tobi0040
    , contributor
    Comments (11) | Send Message
     
    The German moves makes sense too, when you look out you see many countries that are racking up debts they can't pay. Debts have grown 12% a year since the dot-com bust, whereas global growth has grown 4%. That can't go on forever.
    28 Nov 2011, 01:54 PM Reply Like
  • realornot
    , contributor
    Comments (1281) | Send Message
     
    there will be no integration. Germany will not want to be the debtor. Bond traders will attack them to death.
    r/n
    28 Nov 2011, 02:00 PM Reply Like
  • Dr. V
    , contributor
    Comments (1179) | Send Message
     
    Germany is the # 1 Debtor Nation in the EU at 7 Trillion Euros in 2011 Q3 Government Debt (EUROSTAT). 268% Debt / GDP, higher than Japan at 210%.

     

    That's what we were saying, they have been exposed now, and have lost their AAA+ Credit rating since 24 Nov, now only a "Aaa", just like the US and UK. All off their bullsh*t, did them no favors, liars like the rest.
    30 Nov 2011, 02:13 AM Reply Like
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