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?

Here's Spain:

Looks about to break out too, no?

Here's Ireland:

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.

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