Hello fellow traders everywhere. Adam Hewison here co-founder of MarketClub with your weekend update for the trading week ending on 10/21/11. This week we have two parts to our weekend update. Watch them both here.
Equities mixed as metals fade …
In Europe it's getting personal.
A poll that we conducted on Friday shows that 75% of all traders are closely watching events in Europe. Here's the reason why.
Here we have Chancellor Merkel of Germany, telling Berlusconi the Prime Minister of Italy, who just happens to be a billionaire, a proud Italian male what to do. For sure there is no love lost between these two, but I'm not sure talking that way to an Italian billionaire, is going to result, in any kind of positive vote. That's why, I have always thought that the European union between different sovereignties, with different values and social structures, was an accident just waiting to happen.
Daily rumors from Europe continue to weigh heavily on the markets around the world. Everyone's euphoric one moment, thinking that a possible agreement is at hand only to find out hours later that everything is in complete disarray. It's just a question of how many lifeboats are available, when the boat sinks? Continue reading "In Europe it's getting personal...Weekend Update Video"