IIFT Daily Note with Peter Brown

Buy the rumour, sell the fact

Posted by:  |  Time: 7:10 am  |  Topic:
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Just shows how thin these markets have got. The rally we saw yesterday on news that Mutt and geoff may have a plan.

Make no mistake any plan will involve substantial moves towards a United states of Europe. Won,t be acceptable to all and very difficult to achieve. The reason we don’t have details of the plan is because they don’t have one yet. The market was tired and gave them the benefit of the doubt. This will not last.

In the background they are getting the figures together, this will be a shock to the market when the sise of the problem emerges.

Be carefull it will not take much to reverse this bounce.

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