Rates Fall Flat to End the Week

There's no if ands or buts about it, ours markets are taking their cues from the governments and their chosen methods of intervention or lack there of. This weekend we are led to believe the Europeans will come to terms and solve the problems the Eurozone has been experiencing or at least make good progress on an agreed upon path to prosperity.

I find this somewhat amusing, as if the last 6 months have been complete experiments leading up to this solution. Haven't they been trying to solve this mess now with various government interventions already? This was never suppose to be a political website, unfortunately when you have the governments of the world completely responsible for market shifts, you can't help but discuss the policy behind their choices.

There is skepticism in the market about the Europeans actually being able to solve anything, proof of which can be seen by a strong bond day, only down one tick in relation to a strong rally in the stock market. The bulls and bears are holding their ground acting how they think they must, it will be interesting to see who gives.

Monday will be telling, and will most likely take its direction from Sunday which is when the European leaders are meeting to discuss terms. So much for free markets working it out...