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852 the year-end rally is still likely
during the week end, the news came out as we were expecting, according anyway to the BEST expectations : 1. the General State Annual Report was approved saturday afternoon . it took 4 days to be approved in both houses (that s clearly opens questions : why usually it takes weeks and weeks???? boh...) 2. berlusconi eventually resigns 3. napolitano help the consultations on sunday and on sunday evening gave the mandate to form a new govt to mario monti 4. monti's govt received a good backing : PDL will back it, but for a limited period. Di Pietro's IDV changed his mind and decided to back the new govt, Lega Nord instead is at the opposition and will decide "case by case". 5. Monti's govt shd be a formed only by technocrats (and this is another extremely good news). Monti will take 2 days to form the list.
the pace at which the events are occurring is as fast as nobody could forecast. This time politics went much faster than markets : after months and months of conflicts, inactivity, pledges not followed by fact, the italian politicians, urged by an incoming italian bankrupcy and perfectly led by Pres of Rep Napolitano, managed to revert the situation in few days.
The end-of-year rally, which was considered dead after the announce of the greek referendum, could easily materialise : if the europen debt crisis cools off [si raffredda], and spread btp bund goes back to 350bp, th rally could extend to ftmib and generally on other EU equities toward year-end.
Moncler non troverete che yourjackets sar scaduto la prossima stagione. qual la moda secondo voi? ti piace seguire la moda?Piumini Moncler sono le giacche pi eleganti che si potrebbe trovare oggi e ogni persona che possiede un giubbotto sa cosa dichiarazioni di stile sono tutto.