.

US Stock Markets Closed for Memorial Day.

.

The Pain In Spain

Cartoon is Back

.

.

It not just Spain,

but all of the Euro

.

Spanish 10 year bonds are the

Canary in a coal mine

That gives the warning signal to

What’s Happening in Europe

.

____________

This AM Spanish

10 year bonds yields

have broken the 6.31%

resistance level & rocketed to

6.45%

____________

7.00% is rate that debt

is considered unsustainable.

Bond prices rising to this level

seem almost inevitable.

.

Therefore,

Time to bring out the old

Lost in Space Robot

and put an exclamation point

on the

Long Term Downgrades

.

.

.

Danger Will Robinson

Danger Danger!

.

On May 9th 411 stated

“There is a Greater Downside

Risk to Stocks.”

Today’s Spanish bond Yields rally puts a big

!

on that statement.


.

Long Term Outlook

3+months

CAUTIOUSLY BEARISH

.

NB – People have the 2008 meltdown embedded in their minds. So any potential meltdown of the Euro & and the unregulated shadow BANKS connected to their debt is going to get amplified.

The I’d rather be safe (self-preservation) than sorry instinct is very powerful.


.


AS ALWAYS, DO YOUR OWN RESEARCH BEFORE INVESTING

ALL TRADING INVOLVES RISK & POTENTIAL LOSS OF PRINCIPLE

CHECK ALL DATA, I MAKE MORE THAN GRAMMAR  ERRORS.


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