Supposedly December 9 is decision day for Europe as they meet in a summit (ooh, it must be important – will they serve beer?) that could determine if they can rescue themselves. Woudn’t it be cool if they met in Normandy?
Buy the rumor, sell the news. We had the “buy” part this week. Next week, unless they come up with something brilliant and totally expected we may see “selling the news.”
I have more questions than answers:
Why did Treasuries rally a lot Friday? I thought this was “risk on” week.
Why did the dollar reverse to the upside?
Why did gasoline rally so much Friday?
Why are pizza stocks flying? Don’t say because people stopped going out fancier. These stocks were hot in October as the market was saying “I’m baaaack.”
Did anyone notice the Chinese market is sucking wind and has given back most of the gains it made the day when they changed reserve requirements?
Who saw a one-day dip in LIBOR (it was back up Friday)?
A lot of these are not good signs for the stock market so if QE-Europe fails or stalls or looks like it will not happen, well, D-Day here we come.
