Conventionality belongs to yesterday
--Frankie Valli
Greece is now set to receive a new tranche of bailout funds. More money being passed to a broke country in order to stave off default... Stocks have been lifting on the news.
Of course, other PIIGS (Portugal, Ireland, Italy, Greece, Spain) should soon be observed approaching the EU with hat in hand.
I'm adding to my short position around these levels as indexes approach resistance.
position in SPX
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
1 comment:
Banks are the ones who actually get bailed out....This is really a European bank bailout.
~David Rosenberg
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