They are back again.
The Euro debt issues.
It is like Ground Hog day. Last year at this time it was Greece. Now it is Italy and Spain. Every weekend sees markets in Asia and Europe opening lower on more fears of problems in European banking.
Monday was no different. Overnight European stock markets sold off by more than 2%, and that problem led to a much lower opening on Wall Street.
The debt of the euro region rose last year to the highest level since the start of the single currency as governments increased borrowing to plug budget deficits and fund bailouts of fellow nations that are struggling with their sovereign debt issues.
Combined the group of nations that make up the Euro currencies have seen their debt climb as a percentage of GDP to more than 85%. Greece topped the list with debt at 165.3 percent of GDP, while Estonia had the least at 6 percent of GDP.
With such a staggering debt load how can the central banking system of Europe maintain a status quo?
Are the markets going to collapse as they did in spring 2010 and 2011?
The markets will tell us where they want to go.
We need to react to what the markets are telling us to do.
You must trade the market that you have and not the one that you want. That will take discipline and that is what I can teach you to do. To contact one of my financial consultants and learn how I can teach you how to make successful trading decisions, in any market simply click here:
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As Always,
Keep those stops tight.
Todd “Bubba” Horwitz
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