Submitted by: Francis Soyer
Hi folks!,
It has been a while since I have written. The truth of the matter is there is not a heck of alot to talk about. Yes the ECB continues to kick the can down the road with one BS bailout plan after another with no real cure of realistic plan for a way for Greece to stay in the ECB.
Other than that we have day after day of Fed Pomo with no volume participation in the market from either institutional investors or non pro and retail whatsoever. Therefore the Fed is in the drivers seat and a drift up stairstep style that began in late December has continued un abated. That said I think it reasonable to expect the same for as long as a few weeks from now where we may see a turning point in the market. Until then an uptick to break up the boredom.
