Can ya hear me now? Somehow I dont think this is 'the' crash just yet just sheer panic and exiting positions for the weekend.
I'm Expecting ECB to jump in, print money and give it to SocGen and BNP paribas as they are exposed to Greece along with some other holders. In turn the Fed will also print(QE3). Central banks are going to do everything in their power to bandaid around the core issue but never solve it. Expecting short covering soon which will be voilent, shorters are gonna get burnt.
LYC 60c party soon, but not yet.
Best wishes to all
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Can ya hear me now? Somehow I dont think this is 'the' crash...
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