Tuesday, May 11, 2010

Power of the markets

So after yesterday's enormous gains on stock markets around the world, following the eurozone 700bn bailout deal, markets fall today because apparently markets are scared about it, and the French and Germans are still unhappy that they are underwriting the Greeks still

But where sis anybody think the money was coming from anyway. The eurozone is going to be propped up by money that they have borrowed from each other and themselves.

And also rumours that Greece and Spain are going to be downgraded further by Moody's

If the markets have it against you, then whatever you do, you don't stand a chance......

No comments: