IIFT Daily Note with Peter Brown

Big Week ahead

Posted by:  |  Time: 7:13 am  |  Topic:
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The market has convinced itself the big Euro Zone deal is comming. A greek default of 50% and two Trillion in funds to recapitalise the banks and buy stressed bonds. Whoh!

Despite the fact Merkel has said no big bang, the market has got all excited. Will this end in dissapointment. Very likely.

Going to be a roller coaster week ahead of next Sunday.Any deal is likely to involve Treaty changes and we know what that means.

This could be the all time ‘buy the rumour sell the fact’.

This is a week for jobbing, don’t get sucked into a strategic position till later in the week.

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