click to enlarge
Ideas
Macro
Prime Minister Mario Monti will lobby parliament to support a 30b-euro package of austerity and growth measures to trim the euro-region’s second-biggest debt and prevent Italy from sparking the euro’s breakup.
Comment: It is quite sensible for the Italians to think about this. Considering the current market condition, this is likely to give some +ve catalyst to the markets for now. Flow indicators have shown +ve Flow into equities across US and developing countries. As such catalysts are not very sustainable for longer rallies, suggest sticking to high betas in the Commodities and O&M space for the ride
Barton Biggs, who trimmed bullish bets in September before U.S. stocks posted the biggest monthly gain since 1991, said that while he doesn’t want to be fully invested in equities, “it’s hard to get really bearish.”
Comment: Barton Biggs is one of those people the market listens to, even though his performance has not been as spectacular as Soros or Buffett
Sources: Bloomberg, Reuters, WSJ, The Business Times, Analyst Reports, Company Announcements
No comments:
Post a Comment