IIFT Daily Note with Peter Brown

No Direction

Posted by:  |  Time: 7:51 am  |  Topic:  |  Comments: 1
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Good morning, A really dead market yesterday lacking direction. Europe waiting on the Irish stress tests ansdUS equity market not knowing what to do. Looks like more of the same today. Euro looks bid first thing so will probably collapse later. Frankly despite Europe’s worries the Euro is range bound. These are not good markets for making money, we need a direction and as yet there is none.

One Comment

Peter Brown

March 30, 2011

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Equity markets have rallied worldwide and the US dollar is having a good run against the JPY. Otherwise Europe is directionless. Waiting the stress test on Thursday, another Irish bank is going into state ownership, they will all be there soon. Heaven help us.

Peter