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Strangest trading day ever?


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AND SO WE MUST READ THE SIGNS

 

Spain going down

 

Apple rolling over

 

Agentina nationalizing YPF (so very 70's - the 2010's will be very 70's - inflation and nationalisations everywhere)

 

Are you a government having trouble paying your debts .....just inflate - cant borrow any more ... just grab the nearest company with some decent free cash flow to balance your budget and to keep the flow of largesse flowing to the voters)

 

The signs are there to be read.

 

But only by those who wish to read them.

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AFTER THE PARTY

 

THE LTRO liquidity party is over

 

Now comes the pain from Spain.

 

Showing at a stock market near you.

 

Its amazing how markets ignore things in plain site.... until they dont ignore them.

 

The dynamics of this ignore/dont ignore "phase change" or "context recognition revelation" is amazing.

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