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psalm
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Post: #5026  Posted: Wed Sep 12, 2012 1:24 pm Post subject: |
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| German Court's ESM verdict is expected in another 5 minutes..As per the current market expectations, German court will OK ESM but subject to some restrictions. Let's wait and see what emerges from the ruling....if everything comes as per the expectation, there is chance of the European markets going higher... |
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psalm
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| Post: #5027 Posted: Wed Sep 12, 2012 1:33 pm Post subject: |
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As per the first report....the Verdict is of 85 pages long and will take up to 90 minutes to read....  |
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SP50
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| Post: #5028 Posted: Wed Sep 12, 2012 1:34 pm Post subject: |
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| psalm wrote: | | As per the first report....the Verdict is of 85 pages long and will take up to 90 minutes to read.... |
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psalm
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| Post: #5029 Posted: Wed Sep 12, 2012 1:34 pm Post subject: |
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| By the way, Europe is trading around its highs now.... |
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psalm
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| Post: #5030 Posted: Wed Sep 12, 2012 1:38 pm Post subject: |
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| taxmann50 wrote: | | psalm wrote: | | As per the first report....the Verdict is of 85 pages long and will take up to 90 minutes to read.... |
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Euro is falling slightly now.....no one has any idea what is going on...I guess...the hearing is ins German...verdict is in German...DAX went up to around 7360 and then went down and is trading around 7330...
Last edited by psalm on Wed Sep 12, 2012 1:41 pm; edited 1 time in total |
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rk_a2003
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Joined: 21 Jan 2010
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| Post: #5031 Posted: Wed Sep 12, 2012 1:38 pm Post subject: |
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"this kinda situations happens once in a life time, RK"
True Sam! But, I fear that world financial powers are trying hard to make this kind of situation as order of the day, even though it’s impossible to do so.This efforts are postponing the inevitable… |
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psalm
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| Post: #5032 Posted: Wed Sep 12, 2012 1:40 pm Post subject: |
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| rk_a2003 wrote: | "this kinda situations happens once in a life time, RK"
True Sam! But, I fear that world financial powers are trying hard to make this kind of situation as order of the day, even though it’s impossible to do so.This efforts are postponing the inevitable… |
They'll really struggle, I feel....don't u think so?? |
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psalm
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| Post: #5033 Posted: Wed Sep 12, 2012 1:47 pm Post subject: |
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| One statement has come...."Constitutional Court Allows Germany To Ratify ESM"....which is good for the Euro....an expected one... |
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psalm
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| Post: #5034 Posted: Wed Sep 12, 2012 1:48 pm Post subject: |
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| The court says "German court says Germany must ensure German liability to ESM does not exceed E190bn without approval of lower House of Parliament"... |
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psalm
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| Post: #5035 Posted: Wed Sep 12, 2012 1:49 pm Post subject: |
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| Overall, the court dismisses the petitions challenging the ESM bailout.....Will the Europe Rally now????...let's see... |
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psalm
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| Post: #5036 Posted: Wed Sep 12, 2012 1:52 pm Post subject: |
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Yup...they're going up....DAX is above 7400 now...  ....  |
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psalm
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| Post: #5037 Posted: Wed Sep 12, 2012 2:05 pm Post subject: |
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Now all eyes will be on Big Ben tomorrow......will he deliver for the dreamers???.....or will it be like "QE3 will happen in October....or November or else in January or else?.....".....  ....its better to have the QE3, if there is any, as early as possible...at least the uncertainty wont be there after that......  |
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saumya12
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| Post: #5038 Posted: Wed Sep 12, 2012 2:16 pm Post subject: |
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| psalm wrote: | | Now all eyes will be on Big Ben tomorrow......will he deliver for the dreamers???.....or will it be like "QE3 will happen in October....or November or else in January or else?....."..... ....its better to have the QE3, if there is any, as early as possible...at least the uncertainty wont be there after that...... |
Right you say!
But next will be whether RBI... |
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psalm
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| Post: #5039 Posted: Wed Sep 12, 2012 2:42 pm Post subject: |
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| saumya12 wrote: | | psalm wrote: | | Now all eyes will be on Big Ben tomorrow......will he deliver for the dreamers???.....or will it be like "QE3 will happen in October....or November or else in January or else?....."..... ....its better to have the QE3, if there is any, as early as possible...at least the uncertainty wont be there after that...... |
Right you say!
But next will be whether RBI... |
hahaha...that's fine, Saumya...RBI is not as crooked as the FED...by the way, the chances of a rate cut is pretty less....but nothing is guaranteed though....anyway, let's wait and see... |
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psalm
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Posts: 5368
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| Post: #5040 Posted: Wed Sep 12, 2012 3:14 pm Post subject: |
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| Bought a few 5400 PUTs around 40 now.....now the average for my PUTs is around 64.....I know its risky as the market is showing momentum on the upside......but let's see... |
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