IIFT Daily Note with Peter Brown

Waiting

Posted by:  |  Time: 7:09 am  |  Topic:
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Would have expected the S&P to remained high into FOMC today. Last night sell off was on the fears of Greek default. No agreement reached with the Troika , talks ongoing but positive! Last time Bernanke talked the market rallied for 700 points. Can’t underestimate the impact he may have. I believe he will do something but it’s impact will be short lived. Looking for an opportunity to short. Onthe Euro, if he does significant measures dollar will weaken. Might need to take short positions in the Euro elsewhere. Maybe against the Canada.

Have to wait and see.

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