IIFT Daily Note with Peter Brown

What a mess!

Posted by:  |  Time: 8:03 am  |  Topic:
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These guys in Europe cannot agree on anything. Euro bonds, Bank re-capitalisation etc.

And so the market continues to sink further each day. 1.2360 reached yesterday.

Today is month end. Very dangerous trading day. Normally I would say sell any rallies but today if the market starts to rally it could be volatile. Likewise selloffs could be big.

It’s more of a jobbing day today, don’t get stuck into any positions and remain flexible.

Overall this bear market is set to run and run.

 

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