This is a seasonal trading strategy based upon an idea from the Stock Trader’s Almanac. It is based upon the stock market’s tendency to retreat after the New Year – especially if there has been a strong fourth quarter. Almanac attributes this trend to profit taking. This also follows another seasonal idea – bullish Santa Claus Rally – at the…
Here is what I am reading: Leaders draft federal plan to save the eurozone (The Guardian) Macroeconomics: what is it good for? [a response to Diane Coyle] (Jonathan Portes) The Disastrous Consequences of a Euro Crash (Spiegel Online) The Treasury won’t do the twist (MarketWatch) Germany Pressed to Scrap Senior Status on Spain Rescue Loans…
In an Spiegel Online interview, George Soros says that as an investor he would be very pessimistic, especially about Europe and warns that Germany could develop into a hated, imperial power. On whether return to the deutschmark would be cheaper for Germany: There is no question that a breakup of the euro would be very…