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Latest Rumor Sees 16-17% Greek Bond Haircut, Sending European Stocks Soaring

  
Analysis, Economy, Education
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The latest targeted leak in the European “stress” tests is that according to German bank sources, the discount on Greek debt will be in the 16-17% ballpark. This compares to an earlier rumor leak of a 10% discount on Greek debt which however did not sufficiently spike the market, leading to rumor #2 which so far has done a good job at pushing the AUDJPY (aka stocks) higher. The quid pro quo however, is to take not only German but now French bonds, will be out of the “stressed” picture. As Reuters reports: “The presumed markdown applied to French sovereign bonds will be 0.7 percent, one of the sources, both of which are based in Germany, added. “German sovereign bonds will not be stressed,” both sources confirmed.” Of course, with Greek bonds being stressed to market (which is where the discount actually implies they are tested), French bonds would would suffer a far greater markdown than 0.7%. But then again, the EU has already bought up a ton of Greek bonds, and little if any French. Can’t have the bank pick and choose which country to bail out now, can it.

Just see Today Morning ,I had written European Market short term trend is up !!

6 Random Thoughts

  
  Education
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1) Everyone needs a “mental break” from trading once in a while. The best time to take one is during corrective markets. It helps you protect capital and confidence.

2) If you have a -50% loss, it takes a +100% gain to get it back. In other words, CUT YOUR LOSSES!

3)  If you have trouble with discipline and staying away from the market, turn off your computer and get out of your chair. If you sit in the barbershop long enough, you’ll eventually get a haircut.

4) The “fear of missing out” is the downfall of most traders.

5) Whoever said that money doesn’t buy happiness clearly didn’t know where to shop.

6) “There is nothing new on Wall Street. What has happened in the past will happen again and again and again. This is because human nature does not change, and it is human emotion that always gets in the way of human intelligence. Of this I am sure.” — Jesse Livermore

The natural laws of golf

  
Education, Humour, Life
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golf rules

1)      If you want to get better at golf, go back and take it up at an earlier age

2)      The game of golf is 90% mental and 10% mental

3)      Since bad shots come in groups of three, a fourth bad shot is actually the beginning of the next group of three

4)      When you look up, causing an awful shot, you will always look down again at exactly the moment when you ought to start watching the ball if you ever want to see it again

5)      Any change works for a maximum of three holes – or at a minimum of not at all

6)      No matter how bad you are playing, it is always possible to play worse

7)      Never try to keep more than 200 separate thoughts in your mind during your swing

8)      When your shot has to carry over a water hazard, you can either hit one more club or two more balls

9)      If you’re afraid a full shot might reach the green while the foursome ahead of you is still putting out, you have two options: you can immediately shank a lay-up, or you can wait until the green is clear and top a ball halfway there

10)   The less skilled the player the more likely he is to share his ideas about the golf swing (more…)

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