Another day another policy out of the Euro Zone; Greece now abandoning its apparent referendum vote which has lead stocks up and bonds down - meanwhile the G20 kicks off with the apparent talk all about Greece, a country not even a part of the G20.
Down 9 ticks on the day, it's what we would expect in the wake of a 140 point DOW rally considering the 10 year treasury has tracked back up above 2.000 in yield trading around 2.04% So we continue trading in our range, waiting for new headlines relating to government intervention...
I don't expect to see us recover today, if we can hold losses to a minimum we can count today as a win.
ON A SIDE NOTE: This is not a free market and no one should consider or believe it to be a free market. Our market today completely depends on future government policy.
Sad really.
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