Charts that matter
We present you some charts below, so you don’t get fooled into buying the dip. The below charts are telling us some rather interesting facts. We will get back later today with a deeper analysis. For the moment, enjoy the charts.
Please read our The Top article published some weeks ago, to get some of our views of why this market has topped out big time.
Spanish interest rates breaking out.
Ibex index breaking down
Vix at elevated levels, expect Vix hitting 30 soon.
We clearly see, all countries breaching the Maastricht limit!
It is great Greece might receive 12 billion Euros by the Troica, take a look at what they need to pay out. As we have argued, a default is the only way forward.
Charts by GS/Spiegel