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Daily Archives: September 27, 2011
TSX bearish portrait: counter-trend rallies, fail and repeat
Source: Cory Venable, Market Technician, Venable Park Investment Counsel Inc.
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Pimco’s El-Erian: “Euro bailout won’t avert recession”
Mohamed El-Erian, chief executive officer and co-chief investment officer at Pacific Investment Management Co., discusses the prospects of a certain Greek default, the euro-zone debt crisis and the U.S. economy. “Cash on the sidelines now is excellent defence and excellent … Continue reading
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Chinese market flirting with pre-QE2 lows
Good top down view of risk today from technician Cory in this longer-term chart of the Shanghai Composite. More levered loans in Europe are unlikely to turn the tide of the global cyclical downturn any more than QE efforts over … Continue reading
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