A diary of the thought process behind my investment decisions
So many rumors are circulating in Europe that it is difficult to keep up with all of them. This wreaks of a speculative attack. I believe European shares are ripe for a short covering rally as their markets make ours look overbought and sentiment there is far worse. The problem is that the authorities there are so slow to act. Even after they finally do act other officials make comments that undermines the actions. I don't believe it will require much to get the shorts running right now as long as they do something.