Ireland put a lot of pressure on the entire EU by guaranteeing the safety of all of its Bank Depositors. Either the EU does something similar or the next sound you hear will be the flushing of Euros into Irish Banks.
What they do could be to wait and see what effect the Bailout will have on the Market averages next week. While shorting has been curtailed on some individual stocks, shorting baskets of stocks like ETFs could prove to be much worse.
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Ireland put a lot of pressure on the entire EU by guaranteeing the safety of all of its Bank Depositors. Either the EU does something similar or the next sound you hear will be the flushing of Euros into Irish Banks.
Oct 04 08:43 am
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All Comments by NOWHEREMAN »Eurozone Divided By Banking Crisis [View article]
What they do could be to wait and see what effect the Bailout will have on the Market averages next week. While shorting has been curtailed on some individual stocks, shorting baskets of stocks like ETFs could prove to be much worse.