weekend zoomba lounge, page-74

While I was stuck in my shorts, I looked (as you do) for every possible bit of good news that would prevent me from taking profits on my positions....

I came up with two scenario's

1. Ignoring the situation in Europe, the US markets would have been in a strong rally...

2. The world is "over this" and just want Europe to get its house in order. They are past caring about who defaults....they just want action....If Europe do in fact print over a Trillion Euros to bail themselves out, and a rally follows....The growth generated and therefore taxes collected may be what is needed to keep it going.

I base this on the fact that (apart from Global Collapse) we have not dropped off the edge and Aug 9 may well have been the bottom.....

I would suggest the world will not allow this situation to deteriorate....and as many have put forward...there is plenty on the sidelines...

I believe sentiment sways the underlying trend and this is what is being addressed this weekend....