Monday, March 31, 2014
Euro periphery checkup
Who were the guys who were calling for a guaranteed EZ breakup again? Hm? Do you remember their names? Because it turns out they were ignorant morons talking out their asses.
Here's the Italy chart:
Pretty stunning breakout, no?
Looks about to break out too, no?
Came down to the SMA(50), should maybe pop back up to a new high. MACD is threatening to pop in the next few days.
Meanwhile the ten year Italian bond is at 3.29%, the 10-year Spanish is 3.22%. Oh and France btw is 2.08%. Compare that to the 2.72% yield on the UST10. Is that doom?
No, it is not doom.