Yet again the dark cloud of the European debt crisis is in the news and hanging over the world markets. We want to ask......
Loading ...We would love to hear your comments on the subject.
Every Success,
The MarketClub Team
All that matters is Europe it seems. Even with 60% of companies reporting better than expected earnings, the markets have yet to pull out of a trading range. I've read and heard economists that once feared a recession changing their tune a bit, but yet the markets wait on Europe and a decision about the Euro debt crisis. We want to know....
Loading ...Every Success,
The MarketClub Team
The reality is, the world is in a whole mess of debt and it's all coming due at the same time.
Make no mistake about it, the situation in Europe is dire. The problems with Greece are well known. The problems in Spain are growing, and the problems in Ireland and Portugal are about to rear their ugly heads.
I'm not going to rhapsodize about the problems in Europe, they are well known and are manifesting themselves in the price action of the world markets, however, in this short video on the euro I want to show you how monthly charts and our "Trade Triangles" tell the story and show the trend very clearly. I also show you a simple method that you can use in your everyday trading to estimate how far a move can go. Continue reading "The return of the Greek drachma ... it's coming"
Early Monday morning, European officials approved an enormous rescue package aimed at stabilizing its debt crisis, but is this a fix that will last, or only a temporary band-aid on a much larger problem? Vote below and leave your thoughts in our comments section.
You are now leaving a Magnifi Communities’ website and are going to a website that is not operated by Magnifi Communities. This website is operated by Magnifi LLC, an SEC registered investment adviser affiliated with Magnifi Communities.
Magnifi Communities does not endorse this website, its sponsor, or any of the policies, activities, products, or services offered on the site. We are not responsible for the content or availability of linked site.
