bear market is over, page-151

Bear market is over...hooray

New bull market is here.

Problems are over and we now are back to growth and we have opporutnities of a lifetime ahead of us.


But.....

" Italian bond yields back at 6pc are a deeply ominous sign that the eurozone's third largest economy is reaching the point of no return,"

http://www.telegraph.co.uk/finance/comment/jeremy-warner/8839450/Italian-bond-yields-reach-point-of-no-return.html


Also:

"There is now virtually no prospect of Italy and France meeting their deficit reduction targets. Further austerity would only make the economic squeeze worse still. Even for the larger countries, a crisis which has hitherto been seen as largely one of absent market liquidity is fast turning into one of solvency.

The only way this can end happily for the eurozone is for Germany to engage in massive demand stimulus. Regrettably, the chances of this happening are about zero."

http://www.telegraph.co.uk/finance/comment/jeremy-warner/8839450/Italian-bond-yields-reach-point-of-no-return.html


Bear Market Over people believe.

Solvency of France and Italy will now come into question.

Germany will not be able to save all Euro members without putting its own solvency at risk.

Watchout for those bear market rallies that make you feel like its over.

They really hurt.