Seeking Alpha

The ECB is playing a game of chicken - sitting on its hands to play tough with the Club Med...

The ECB is playing a game of chicken - sitting on its hands to play tough with the Club Med states - but (along with the other major central banks) will "step in massively," says HSBC's David Bloom, and set off a powerful rally. Bob Janjuah agrees - "The Fed and the ECB will respond (soon) and trigger a short, sharp rally."
Comments (5)
  • Thats all u got for your upside? Print more money to utopia eh? Hows that worked for you so far? I bet coke addicts get rid of the shakes the same way, bigger hit... hows that going to work out for them?
    18 May 2012, 08:31 AM Reply Like
  • Since he said it so convincingly, it most likely will NOT happen!
    18 May 2012, 08:51 AM Reply Like
  • Gives them time to sell their losing positions to the retail crowd who they hope will believe this bull.
    18 May 2012, 09:15 AM Reply Like
  • With Facebook at the bigg money maker for the stockbrokers...and free money from Central Banks.....the Western world has failed...this day will be remembered as the turning point of world power....
    18 May 2012, 09:31 AM Reply Like
  • With the headwinds against the debt of the world, the E$ will not fare well. It will be lower, only question is how low, not if lower.

     

    happy investing
    18 May 2012, 11:46 AM Reply Like
DJIA (DIA) S&P 500 (SPY)