GREY:PTQMF - Post by User
Post by
Libertygon Jun 02, 2011 3:52pm
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Post# 18664004
Sentiment
SentimentAs mentioned the word is Greece is going to be.............................YUP, Bailed out, again. Great credit risk. Remember no one defaults they just keep borrowing more. The central banks live and thrive off that reality.
The sentiment shift that has caused the latest sell-offs in commodities etc, appears to be showing the first glimpse of swinging back the other way. This doesn't happen overnight but this is how it begins. It may take several weeks or months to build momentum but i believe that's what were starting to see. Short term expect some pretty strong market gyrations in commodities, currencies, equities at least for another week or two. Maybe by then we see the results of the shift in sentiment begin to take hold. We shall see. Metals closed up off the lows and could offer a bounce, but i wouldn't expect we've bottomed out just yet. I wouldn't be a buyer on any bounces just yet.