by Phoenix Capital Research
The markets will likely try to rally this week based on the following items:
End of quarter performance gaming
Last week’s weak stock performance
Angela Merkel signaling that Germany will increase the pointless “firewall” around Europe’s banking system
Bernanke’s hint that more QE is coming in April in this morning’s speech
#1 is a regular phenomenon in the markets and needs not be explained. #2 is closely tied in with the latest policy [...]
March 23 (Bloomberg) — Bloomberg’s Sara Eisen reports that dangers are still lurking in the European Debt Crisis in Spain and Italy. She speaks on Bloomberg Television’s “Inside Track.” (Source: Bloomberg)
FT writes: “UK and France named among EU’s ‘imbalanced’ economies”
France and the UK are among 12 non-bailout countries whose economies are suffering from so many imbalances that they will be subject to in-depth investigation by the European Union.
The 12 countries to be named in a report on Tuesday by the European Commission, the EU’s executive branch, have triggered concerns because they have run afoul of a newly-created EU “scoreboard” that [...]
by arpless tarpedo
#1 Corporate insiders are getting out of the U.S. stock market at an absolutely
blinding pace. It is being reported that the ratio of corporate insider selling
to corporate insider buying last week was 1,411 to 1, and this week the ratio
has soared even higher and is at 2,341 to 1.
#2 Many of the world’s wealthiest people are buying absolutely massive
quantities of gold right now.
#3 It is being reported that [...]