Sunday, June 19, 2011

A truelly Efficient market

Greece is close to default and with that the entire european banking sector is toast
Think Lehman brothers on steroids (its not actually the default itself of course but all the CDS contracts that get triggered). You know those credit default swaps that allow anyone to make money of someone else going bankrupt regardless of whether you have a position in said company/person which is usually the point of insurance.
Japan a previous booming export country posts its second  biggest DEFECIT ever

so what more reason do stocks need to go up.
I guess markets are thinking that bad news is good as the FED will announce more QE ie money printing
what utter crap
If you want to play in this kind of market you are crazy if you ask me.
Its an insult to call it a market

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