A significant recovery took over the market in the last 3 days and it disregarded the worse US macro data which would imply some sort of strength although large-cap performed a little better than small-cap in the recent days so the lift might not be widespread enough to last. Meanwhile the FED official are sending mixed signals and it`s far from the ideal communication strategy which they should have in a critical time like this.
Some gossips resurfaced about the troubled situation of italian debt and the existence of hidden skeletons, too bad I don`t have the resources to get proof of it. Seems like the EU cannot stand idly so they`re graving the cornerstones of the new banking regulations and putting ballasts on their own banks by including the deposits into bail-in-n-out funding. I mean seriously, someone who has more than 100k EUR can easily transfer his/her money in a jiffy leaving the european banks with a lack of capital.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s