Wednesday, December 14, 2011

Discounting expectations

We are now tuck the end of this year and the markets are not likely to change his sad journey. The lack of clarity in the European policy adds uncertainty rather than reduce it.

How is it possible that only four days after closing a highly controversial summit, Merkel is dispatched with a statement contradicting the statement? What are then the Summit?

Somebody say that they were mere expectations and forward markets to discount something that was not closed yet, but we are so in need of good news or perhaps, only in news.

We were only a few days without bad omens, we might think with a little more clearly, we might even stop to think.

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