Wednesday, May 23, 2012

Postmarket prognasticating

11:31 am (Hawaii) Well well. On TV, the jabbermouths at CNBC claim that EU leaders went into tonight's summit with an open mind about Eurobonds. Yet this story in Ireland's Journal notes that Merkel remains staunchly against such things.

“I believe that they are not a contribution to stimulating growth in the eurozone,” Merkel said, adding that such instruments were expressly forbidden by the EU’s own treaties.

Can't blame her. This story came out roughly at 5 pm Eastern (35 minutes ago), which may explain the little pop in FAZ after hours. It's at 26.85 on the usual thin volume. AAPL is smoking hot, now at 573. I'd love to re-enter, but anything negative out of that summit will knock the market down immediately.

No comments: