Now politics is even above law, bankruptcy code. seems like it is quite meaningless to be a bondholders, or secured creditors nowadays.
7 May is the release of the Stress Test, instead of Monday. Perhaps the game plan would be for a pullback on Monday, followed by continous rise. Whether it would break 888 is a question.
The Stress Test result would be glorious, the market reaction unknown.
The market has very much reflected the current bout of good economic data. Economy is indeed recovering, and the Swine Flu is subsiding.
It is all goldilock once more.
About Me
- DollarProAragon
- Well, I am just an ordinary guy who happen to read tomorrow newspaper today. I used to be a forex trader with a major bank, managing the international forex desk. I have a MBA in Banking and Finance, and currently pursuing a PHD with a Ivy League on international capital flows. I provide consulting assignment to financial institutions and run my consultancies to private clients with focus on forex, commodities (Gold, Silver, Platinum, Palladium, Copper). Since 2007, I have been consulted various corporation on their money market operations in China.
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