Thursday, 14 June 2012

Market is so Boring it is better to watch Portugal vs Denmark match!

Dear Friends,

Yes, today in US, market is so slow and boring that I find it more enjoyble to watch my soccer match. Portugal defeated Denmark in a 3-2 triller! ha, if you know what is soccer...

I guess that is the same reaction in Wall street. The european bankers and traders and hedge fund managers may have tuned in to their TV like me. That is the reason that these few days the panic seemed to have subsided. I guess that is good news for the European economy as everybody in Europe engaged in their country's soccer performance.

I saw this headline in Marketwatch:

Crisis focus shifts to Italy ahead of key auction 

http://www.marketwatch.com/story/focus-to-shift-to-italy-ahead-of-key-auction-2012-06-13

2 weeks ago, this headline would probably cause a major panic in European and US market. Not today. I think market is more concerned about the match later in the week between Italy and Croatia. The Italians will probably be more concerned about being out of the competition should they not win.

I think you get my point.

This is the market situation now.

In the meantime, I am preparing myself for the match later between Holland and Germany at 2.45am Singapore time. Betting on soccer odds seem to entice me more now than betting on stocks.

Tatas
Daniel

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