IIFT Daily Note with Peter Brown

Confusing

Posted by:  |  Time: 8:39 am  |  Topic:  |  Comments: 5
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No ECB lender of last resort

Treaty change but a long term game

Moody’s downgrades French Banks

23 out of 27 states agree

Market taking it pretty well so far. Could be a rally day but long term nothing fixed. Bond rates are the key to market mood.

If the market does not sell off this morning we will get an S&P bounce this afternoon.

5 Comments

Paul

December 9, 2011

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Will S&P now downgrade France and others?

Peter Brown

December 9, 2011

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That is always a possibility, but you cannot trade that as you have no idea of timing.
This time of year the market will use any excuse to do nothing and party.
This mornings reaction is important. If we get by without a sell off we could get a rally in America.

cgregan@gmail.com

December 9, 2011

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Brits out!!!! Tee hee……………

Gerry McEvoy

December 9, 2011

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Hi Peter,

I’m writing at 12.04, do you think it’s a rally or a gap close first at this stage.

Regards,

Gerry

Aiden

December 9, 2011

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S&P rally still on this afternoon (written 3:23pm)?