...except for me and thee. And sometimes I wonder about thee.
I'm trying to come up with an analogy to explain what's been going on in the world and how it all affects the way we've had to trade these past months. After thinking long and hard about that, the only thing I can say is "The inmates have taken over the asylum".
Last week we all breathed a huge sigh of relief that maybe, just maybe, the Germans and the French had the EuroZone problems solved by offering the Greeks a bailout offer. But wait, there's more. The Greeks, in their infinite wisdom, have decided to throw a wrench into the works and ask for a referendum on the offer.
Even as I'm writing this missive "European leaders are racing to prevent their week-old debt crisis strategy from unravelling convene emergency talks today to tell Greece there is no alternative to the budget cuts imposed in the bailout plan."
Are they kidding???
So the market is up this morning. Earnings have been good for the most part and it seems that we finally have something to cheer about. Except for that little fly in the ointment over in Cannes. I can only assume that we'll all have to tread water yet again until we hear the outcome of the meeting. I'm thinking that this problem will just go on and on and keep affecting our markets for good or bad. And until the issue is resolved and goes away, we'll be forced to "trade the news".
So I'll be watching the stocks on my radar, following the posts on the Twitter and Stocktwits streams (helps to preserve my sanity) and will get back into the thick of things eventually.
... but I'm getting REALLY tired of treading water.
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