德国或妥协，牛牛的福音？

Diffusion

Merkel May Be Persuaded On Euro Debt-Sharing Compromise

http://www.bloomberg.com/news/20 ... ing-compromise.html

This news is dated 4:44am MT 5/25/2012. It should be priced in today's price action. It should be the driver behind today's early morning pop. If this is indeed good news, market will rocket. U.S. market may be manipulated given its low volume due to Memorial Day, but European market were also less enthusiastic. FTSE up only 0.03%. DAX up 0.38%, giving back more than 1% early gain.

The news says opposition parties support a redemption fund. Remember opposition parties are minority in Germany.

Neither the government nor the opposition parties support euro bond. There is no difference between the two sides on euro bond.

The government agree to consider the redemption fund, so there is still uncertainty. Besides, the government may just make friendly gestures to make sure the European fiscal pact to pass in parliament.

Technically bears still have the upper hand. The uncertainty can be exploited to make the final climax crash.

Merkel is tough and comprimse is not in her dictionary. That is what makes a true leader.

Greece exit, painfully may it be, could be necessary so other european countries behave themselves. As for Germany, its people also need to learn a lesson that a broken euro will adversely impact Germany's economy. Remember that in a democracy nation, people need to form a consensus first and political leaders simply follow the consensus.

And it's not only Europe. In U.S. there is fiscal cliff. China is slowing. Aussie is weakening. etc.

Adding up altogether, I'm still bearish.

hunting