Now that average joe may have sold or will sell early this coming week after reading the gloom news such as what we reported in the previous post, we are now starting to see some subtle news that smart money will use to mark up the market and/or to compelete accumulation of stock, before the market up.

Excepts of EUR European Union to Guarantee Interbank Lending follows.

From New York Times:

Financial and political leaders were holding meetings across the globe Sunday, urgently seeking agreement on measures to restore confidence to the teetering financial system before markets open Monday in Asia.
...
Nicolas Sarkozy, the French president, said after a meeting at the Élysée Palace with Prime Minister Gordon Brown of Britain that he expected European countries to present an “ambitious and coordinated plan” that goes beyond measures announced by the Group of 7 industrialized countries in Washington on Friday.


From Bloomberg (

The 15 euro countries may agree to guarantee interbank loans of as long as five years to break the credit-market freeze, according to a draft statement cited by Agence France- Presse.

1 comments

  1. Anonymous  

    December 22, 2008 at 7:23 PM

    Bailout 2008, a poem by David Jeffrey

    Like a bloodied warrior,
    laying broken and torn.

    Like a dying soldier, hopeless and forlorn.

    But the blood, it be green,
    the color of money.

    And the soldier is an economy,
    and it is anything but funny.

    Broken are it's people and shattered are their dreams.

    Thanks to the ultra rich and their full proof schemes.

    It is a tragedy with more pain to come.

    Finance will be Hell, and their wills will be done.

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