Friday, January 13, 2012

Downgrade Friday! Euro-style!

I blogged earlier about $JPM leading the news du jour, but the Euro nation downgrade list is really the big news.  Look at this mess (from the USA Today).  A total of nine countries downgraded!  Who was spared?  Germany!  Their country may be on the cusp of a recession, but other than that I guess things are fine.

I noticed some of my favorite gold bugs launched into some heavy gold positions today.  Something to watch.  Looks like - fundamentally - they're on to something.

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