just to add to my previous post, I believe that the bond traders will try to drive up yields, whether they are successful is another matter, its all at the feet of the ECB now.
considering currency movement, our market is holding up very well today, could be a whole lot worse, this is where the divergence of market indicators is coming into play.
my fear is eventually we will wake up and global traders are not willing to ignore what is going on in Europe and we see the DAX/CAC down 10% in one night.
good to see NMR has clawed back that 4.7c, although will require massive volume to get back above 5.2c again, hope not many here got caught at 5.5c.
