Bond Auctions In Spain and Italy Could Weigh On the Market Tomorrow. All Calm Before Earnings Season
Yesterday, the market broke out to a new relative high on news that Fitch would not lower France's credit rating in 2012. They will be reviewing the entire EU and they will post the results along with S&P before the end of the month. This dark cloud has been hanging over the market and the news was bullish. Most analysts have priced in a single downgrade for France. There is also a possibility that Germany will be downgraded. Given the comments from Standard & Poor's after the European summit in November, I felt they would post their results as soon as …
January 11, 2012
• Posted in: Options
Comments are closed for this entry.