Euro stoxx 50 index... Soon to recover by magic since the shortselling ban aint working Some stocks like unicredit, intesa & societe generale plus nokia will be dropped. They've been clobbered & make the index look bad

Central planners & regulators must really be hating sellers... I'm a happy camper of driving fraudulent banks out of biz and offer zero apologies to its shareholders as their wealth is shorted to zero...

http://af.reuters.com/ar...ws/idAFL5E7K108O20110901

Eish! For real..did Buffet see this really? Or that's why he bought loan stock, sly guy . The figures involved are mega and the lawyers will be obese.

Gentlemen,

Zero Hour approaches fast.

Mainat has provided us with a short-term prognosis on markets and volatility based on Germany's stance on the debt bailouts which is eerily similar to that of France in the 1931 Debt Crisis.



The chips are falling in place as we approach November.

Please read the following article titled "The Rise and Fall of the Euro" to gain a long term perspective of the sovereign debt crisis:

http://www.send2web.com/...20Euro%2008-21-2011.pdf

These countries have been in the same position not once decades ago. Kwani they never learn? Once they 'recover', they take on massive debt all over again. Insanity

One word. Austerity #period#

US session - stocks getting knocked down after NFP report hints at recession or is it re-recession...

@kk - thanks for the reports.
The WSJ article below has also made my stomach go into a knot spree. Markets won't wait for German's court decision on Sept 7th. The Italian bond market will seize up & liquidity drought will squeeze those euro banks on the edge... Things are indeed coming to nasty head...

The greek CDS moves on friday were ugly. Already the interest for 1yr greek note is 70% meaning investors expect greece to default in 12 months. 2yr note is above 50%. Greece will be paying some bonds on Sept 22nd. With such disorderly rates, this is a goodluck & prayers moment. This country is up for auction

http://online.wsj.com/ar...576545811058225074.html

Update - De Germans want de financially indisciplined greeks out of de euro...

www.reuters.com/article/...ny-idUSTRE78214U20110903

And should the greek default drama bomb out as expected these 2 swiss banks - UBS & CSFB will tank badly going by their LIBOR spike when trying to source USD funds...

I'm hedging using swiss francs and this is making me sweat a bit...

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http://ampedstatus.org/f...t-turning-on-each-other/

The smart money abroad should begin seeking solace in SSA soon the pace is gracefully picking up with more and more Africa focused Private Equity Funds coming through. @hisah I agree that Dec.will be end term and report cards will be out and the reorganisation of world economic fortunes can be done faster thereafter.