Pressure on ECB to be decisive Friday morning

August 4, 2011
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wall street crowdIt goes without saying, that the DOW dropping 500 points, and the S&P 500 losing close to 5% will put enormous pressure on Europe tomorrow morning. We will be watching Spanish and Italian bond yields and European stock markets very closely in the wee hours of the morning.

The Non-farm payrolls report is a side-show with the real issue near-term being “how to avoid a crisis”.

 

 

 

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4 Responses to Pressure on ECB to be decisive Friday morning

  1. joe s. on August 4, 2011 at 5:44 pm

    are there easy ways to watch the bond markets in italy and spain? any updates tomorrow will be appreciated!

    • D Sapp on August 4, 2011 at 7:27 pm

      There should be tools online to watch these markets , however, I’d expect the ‘Cracker Jack’ team to post analysis tomorrow prior to the US market opening.

  2. D Sapp on August 4, 2011 at 7:25 pm

    Europe is a joke. Decades of month long vacations and entitlements coming home to roost. The guise of a “better standard of living” will be deemed garbage talk.

  3. Bigges on August 5, 2011 at 11:05 am

    Like the blog. Looking forward to more.

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