Hi readers.
Once again the market in the US didn't really kick on as I thought it would.
Note a concern but just confirms to me that there is still a lot more to be played out.
Yes the DAX exploded which is wonderful to see and hopefully everyone plays there part in Europe and the money gets handed over.
Greece won't implement the changes that's a fact.
But it's more about the effort to put a proposal together instead of turning up with notes of the newspapers and soccer results..
For that not snubbing the system they will get the money, but implementing another thing.
In Asia well there's another story all together.
Every move the Chinese government has made is wrong.
Not allowing stake holders to liquidate there holding shows that the government isn't about a free market but more an egotistic establishment.
International investors who have been burnt in the move down won't be buying China stocks again.
Therefore as soon as the governments effort finishes then it will run straight down again.
There effort to prop up the market is just giving traders a better price to short.
What is more laughable is that the Chinese want to open up there market to derivatives..
For most the only way to trade China is through Hong Kong, so the market there has also had its share of volatility.
The bounce back is hollow people,we are going to hit is again, for those who want to trade it for those who can't can trade the ASX200 and the American can once again trade the S&P.
Europe isn't an issue as many of you believe and is more a safe haven for now. Till the end of August.
In metals don't waste your money sitting loosing value slowly...
Once again the market in the US didn't really kick on as I thought it would.
Note a concern but just confirms to me that there is still a lot more to be played out.
Yes the DAX exploded which is wonderful to see and hopefully everyone plays there part in Europe and the money gets handed over.
Greece won't implement the changes that's a fact.
But it's more about the effort to put a proposal together instead of turning up with notes of the newspapers and soccer results..
For that not snubbing the system they will get the money, but implementing another thing.
In Asia well there's another story all together.
Every move the Chinese government has made is wrong.
Not allowing stake holders to liquidate there holding shows that the government isn't about a free market but more an egotistic establishment.
International investors who have been burnt in the move down won't be buying China stocks again.
Therefore as soon as the governments effort finishes then it will run straight down again.
There effort to prop up the market is just giving traders a better price to short.
What is more laughable is that the Chinese want to open up there market to derivatives..
For most the only way to trade China is through Hong Kong, so the market there has also had its share of volatility.
The bounce back is hollow people,we are going to hit is again, for those who want to trade it for those who can't can trade the ASX200 and the American can once again trade the S&P.
Europe isn't an issue as many of you believe and is more a safe haven for now. Till the end of August.
In metals don't waste your money sitting loosing value slowly...
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