Piyasalarda sanci devam… Akdeniz krizi..?
Written on February 5, 2010 by ozan
WHAT DO I THINK HERE? GLASS HALF EMPTY CAMP WAS JOINED BY PLAYER
S WHO PLAYED FOR BOUNCE WHICH COMPLETELY PANICKED.. NOW WE’RE VU
LNERABLE TO “MERKEL” SAYING SOMETHING “SUPPORTIVE” AND/OR A VERY
STRONG NFP NUMBER.. But the game now clearly has begun.. You ca
n exchange the names of Greece, Portugal, Spain etc (and in futu
re UK, US?!) with the 2008 names of Bear, Lehman, Morgan Stanley
, Goldman etc.. **Like then, “attack” will only end when the sho
rts are shown “fear,” i.e when they see “money” and credible pro
gram from EU, led by Merkel.. **The core should be glass half em
pty, “1020 before 1150,” but one should trade agst both overpess
imism & overoptimism (the first 3 days of this week!) ** Is 1150
, the 666 for es for 2010? Not sure if we can grow**In EM, high
beta credit longs are trapped.**Sell USD/TRY w/Retail’sAuntAyse.
REVERSE PSYCHOLOGY OF SPRING 09 THOUGHTS REVISITED..Back then, u
would say u were bullish.. Glass was half full.. And majority w
ould either disagree or hiddenly could not bring themselves to n
ot believe “this mkt is going down.”
Now u say glass half empty.. For europe, china tightening, obama
.. Whatever reason now, not that important.. And majority would
either disagree believing in growth like we most do or could no
t bring themselves not to believe “this mkt will bounce.”
Hence this market goes against the herd again and feels sick.
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