EU Bailout Concerns – Bull/Bear Update
The video below covers both fundamentals (Europe) and technicals. As of Friday’s close, there were some bearish set-ups similar to those seen in late July 2011. At the end of the video, the following concerns are discussed relative to the latest “final” bailout for Europe:
- Bank recapitalization plan
- Stability fund
- Use of leverage
- Implementation details lacking
- Difficult to get commitments
After you click play, use the button in the lower-right corner of the video player to view in full-screen mode. Hit Esc to exit full-screen mode. If you want to skip the technicals, comments on Europe begin at the 18:05 mark.
